vs
ALLIANCE RESOURCE PARTNERS LP（ARLP）与AvalonBay Communities（AVB）财务数据对比。点击上方公司名可切换其他公司
AvalonBay Communities的季度营收约是ALLIANCE RESOURCE PARTNERS LP的1.5倍（$767.9M vs $516.0M），AvalonBay Communities净利率更高（9040.6% vs 2.1%，领先9038.5%），AvalonBay Communities同比增速更快（3.7% vs -3.6%），AvalonBay Communities自由现金流更多（$1.4B vs $13.3M），过去两年AvalonBay Communities的营收复合增速更高（3.8% vs -6.7%）
联合资源伙伴有限合伙是北美领先的自然资源企业，核心业务为公用事业及工业客户生产、销售煤炭，同时运营矿权特许经营、油气开采、物流配套等关联业务，服务覆盖美国及周边主要能源消费市场。
AvalonBay Communities是一家公开上市的房地产投资信托（REIT），核心业务聚焦公寓类不动产的投资与运营，旗下持有并管理大量区位优质的公寓项目，为租户提供高品质居住服务，在北美住宅地产投资领域拥有较高知名度。
ARLP vs AVB — 直观对比
营收规模更大
AVB
是对方的1.5倍
$516.0M
营收增速更快
AVB
高出7.3%
-3.6%
净利率更高
AVB
高出9038.5%
2.1%
自由现金流更多
AVB
多$1.4B
$13.3M
两年增速更快
AVB
近两年复合增速
-6.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $767.9M |
| 净利润 | $10.7M | $166.0M |
| 毛利率 | — | — |
| 营业利润率 | 4.2% | 64.2% |
| 净利率 | 2.1% | 9040.6% |
| 营收同比 | -3.6% | 3.7% |
| 净利润同比 | — | -41.2% |
| 每股收益（稀释后） | — | $1.18 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ARLPAVB
| Q1 26 | $516.0M | — | ||
| Q4 25 | $535.5M | $767.9M | ||
| Q3 25 | $571.4M | $766.8M | ||
| Q2 25 | $547.5M | $760.2M | ||
| Q1 25 | $540.5M | $745.9M | ||
| Q4 24 | $590.1M | $740.5M | ||
| Q3 24 | $613.6M | $734.3M | ||
| Q2 24 | $593.4M | $726.0M |
净利润ARLPAVB
| Q1 26 | $10.7M | — | ||
| Q4 25 | $82.7M | $166.0M | ||
| Q3 25 | $95.1M | $381.3M | ||
| Q2 25 | $59.4M | $268.7M | ||
| Q1 25 | $74.0M | $236.6M | ||
| Q4 24 | $16.3M | $282.1M | ||
| Q3 24 | $86.3M | $372.5M | ||
| Q2 24 | $100.2M | $253.9M |
营业利润率ARLPAVB
| Q1 26 | 4.2% | — | ||
| Q4 25 | 18.2% | 64.2% | ||
| Q3 25 | 18.4% | 65.7% | ||
| Q2 25 | 16.2% | 67.6% | ||
| Q1 25 | 17.4% | 68.5% | ||
| Q4 24 | 2.6% | 63.1% | ||
| Q3 24 | 16.5% | 65.4% | ||
| Q2 24 | 19.8% | 66.6% |
净利率ARLPAVB
| Q1 26 | 2.1% | — | ||
| Q4 25 | 15.4% | 9040.6% | ||
| Q3 25 | 16.6% | 49.7% | ||
| Q2 25 | 10.9% | 35.3% | ||
| Q1 25 | 13.7% | 31.7% | ||
| Q4 24 | 2.8% | 38.1% | ||
| Q3 24 | 14.1% | 50.7% | ||
| Q2 24 | 16.9% | 35.0% |
每股收益（稀释后）ARLPAVB
| Q1 26 | — | — | ||
| Q4 25 | — | $1.18 | ||
| Q3 25 | — | $2.68 | ||
| Q2 25 | — | $1.88 | ||
| Q1 25 | — | $1.66 | ||
| Q4 24 | — | $1.99 | ||
| Q3 24 | — | $2.61 | ||
| Q2 24 | — | $1.78 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $28.9M | $187.2M |
| 总债务越低越好 | — | $9.3B |
| 股东权益账面价值 | — | $11.6B |
| 总资产 | $2.9B | $22.2B |
| 负债/权益比越低杠杆越低 | — | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资ARLPAVB
| Q1 26 | $28.9M | — | ||
| Q4 25 | $71.2M | $187.2M | ||
| Q3 25 | $94.5M | $123.3M | ||
| Q2 25 | $55.0M | $102.8M | ||
| Q1 25 | $81.3M | $53.3M | ||
| Q4 24 | $137.0M | $108.6M | ||
| Q3 24 | $195.4M | $552.4M | ||
| Q2 24 | $203.7M | $545.8M |
总债务ARLPAVB
| Q1 26 | — | — | ||
| Q4 25 | — | $9.3B | ||
| Q3 25 | — | $8.7B | ||
| Q2 25 | — | $8.7B | ||
| Q1 25 | — | $8.3B | ||
| Q4 24 | — | $8.1B | ||
| Q3 24 | — | $8.4B | ||
| Q2 24 | — | $8.4B |
股东权益ARLPAVB
| Q1 26 | — | — | ||
| Q4 25 | — | $11.6B | ||
| Q3 25 | — | $11.9B | ||
| Q2 25 | — | $11.9B | ||
| Q1 25 | — | $11.9B | ||
| Q4 24 | — | $11.9B | ||
| Q3 24 | — | $11.9B | ||
| Q2 24 | — | $11.7B |
总资产ARLPAVB
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $22.2B | ||
| Q3 25 | $2.9B | $21.9B | ||
| Q2 25 | $2.9B | $21.8B | ||
| Q1 25 | $2.9B | $21.2B | ||
| Q4 24 | $2.9B | $21.0B | ||
| Q3 24 | $3.0B | $21.3B | ||
| Q2 24 | $3.1B | $21.0B |
负债/权益比ARLPAVB
| Q1 26 | — | — | ||
| Q4 25 | — | 0.80× | ||
| Q3 25 | — | 0.73× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.70× | ||
| Q4 24 | — | 0.68× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | 0.71× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $1.7B |
| 自由现金流经营现金流 - 资本支出 | $13.3M | $1.4B |
| 自由现金流率自由现金流/营收 | 2.6% | 183.5% |
| 资本支出强度资本支出/营收 | 18.5% | 34.1% |
| 现金转化率经营现金流/净利润 | — | 10.07× |
| 过去12个月自由现金流最近4个季度 | $342.2M | $2.5B |
8季度趋势，按日历期对齐
经营现金流ARLPAVB
| Q1 26 | — | — | ||
| Q4 25 | $143.9M | $1.7B | ||
| Q3 25 | $209.9M | $477.0M | ||
| Q2 25 | $151.7M | $377.8M | ||
| Q1 25 | $145.7M | $415.9M | ||
| Q4 24 | $168.4M | $1.6B | ||
| Q3 24 | $209.3M | $486.2M | ||
| Q2 24 | $215.8M | $380.0M |
自由现金流ARLPAVB
| Q1 26 | $13.3M | — | ||
| Q4 25 | $99.1M | $1.4B | ||
| Q3 25 | $145.2M | $402.2M | ||
| Q2 25 | $84.7M | $317.1M | ||
| Q1 25 | $58.9M | $367.5M | ||
| Q4 24 | $75.3M | $1.4B | ||
| Q3 24 | $99.0M | $434.2M | ||
| Q2 24 | $114.3M | $333.0M |
自由现金流率ARLPAVB
| Q1 26 | 2.6% | — | ||
| Q4 25 | 18.5% | 183.5% | ||
| Q3 25 | 25.4% | 52.5% | ||
| Q2 25 | 15.5% | 41.7% | ||
| Q1 25 | 10.9% | 49.3% | ||
| Q4 24 | 12.8% | 191.0% | ||
| Q3 24 | 16.1% | 59.1% | ||
| Q2 24 | 19.3% | 45.9% |
资本支出强度ARLPAVB
| Q1 26 | 18.5% | — | ||
| Q4 25 | 8.4% | 34.1% | ||
| Q3 25 | 11.3% | 9.8% | ||
| Q2 25 | 12.2% | 8.0% | ||
| Q1 25 | 16.1% | 6.5% | ||
| Q4 24 | 15.8% | 26.1% | ||
| Q3 24 | 18.0% | 7.1% | ||
| Q2 24 | 17.1% | 6.5% |
现金转化率ARLPAVB
| Q1 26 | — | — | ||
| Q4 25 | 1.74× | 10.07× | ||
| Q3 25 | 2.21× | 1.25× | ||
| Q2 25 | 2.55× | 1.41× | ||
| Q1 25 | 1.97× | 1.76× | ||
| Q4 24 | 10.31× | 5.70× | ||
| Q3 24 | 2.43× | 1.31× | ||
| Q2 24 | 2.15× | 1.50× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ARLP
| Coal sales | $443.3M | 86% |
| Oil & gas royalties | $41.3M | 8% |
| Other revenues | $22.8M | 4% |
| Transportation revenues | $8.6M | 2% |
| Tons Produced | $8.0M | 2% |
| Mineral Interest Volumes (BOE) | $1.0M | 0% |
AVB
暂无分部数据
