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ALLIANCE RESOURCE PARTNERS LP（ARLP）与BLACKBAUD INC（BLKB）财务数据对比。点击上方公司名可切换其他公司
ALLIANCE RESOURCE PARTNERS LP的季度营收约是BLACKBAUD INC的1.8倍（$516.0M vs $281.1M），BLACKBAUD INC净利率更高（11.1% vs 2.1%，领先9.0%），BLACKBAUD INC同比增速更快（4.2% vs -3.6%），BLACKBAUD INC自由现金流更多（$37.0M vs $13.3M），过去两年BLACKBAUD INC的营收复合增速更高（-1.1% 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。
Blackbaud是全球知名的云服务提供商，专注为非营利组织、基金会、企业、教育机构、医疗机构、宗教团体及个人公益推动者提供技术支持，旗下产品覆盖筹款、网站管理、客户关系管理、数据分析、财务管理、票务系统、教育管理等多元场景。
ARLP vs BLKB — 直观对比
营收规模更大
ARLP
是对方的1.8倍
$281.1M
营收增速更快
BLKB
高出7.8%
-3.6%
净利率更高
BLKB
高出9.0%
2.1%
自由现金流更多
BLKB
多$23.7M
$13.3M
两年增速更快
BLKB
近两年复合增速
-6.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $281.1M |
| 净利润 | $10.7M | $31.1M |
| 毛利率 | — | 59.2% |
| 营业利润率 | 4.2% | 18.3% |
| 净利率 | 2.1% | 11.1% |
| 营收同比 | -3.6% | 4.2% |
| 净利润同比 | — | 620.3% |
| 每股收益（稀释后） | — | $0.67 |
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ARLPBLKB
| Q1 26 | $516.0M | $281.1M | ||
| Q4 25 | $535.5M | $295.3M | ||
| Q3 25 | $571.4M | $281.1M | ||
| Q2 25 | $547.5M | $282.0M | ||
| Q1 25 | $540.5M | $269.9M | ||
| Q4 24 | $590.1M | $302.1M | ||
| Q3 24 | $613.6M | $286.6M | ||
| Q2 24 | $593.4M | $287.3M |
净利润ARLPBLKB
| Q1 26 | $10.7M | $31.1M | ||
| Q4 25 | $82.7M | $36.7M | ||
| Q3 25 | $95.1M | $47.5M | ||
| Q2 25 | $59.4M | $26.5M | ||
| Q1 25 | $74.0M | $4.3M | ||
| Q4 24 | $16.3M | $-346.4M | ||
| Q3 24 | $86.3M | $18.3M | ||
| Q2 24 | $100.2M | $21.2M |
毛利率ARLPBLKB
| Q1 26 | — | 59.2% | ||
| Q4 25 | — | 58.3% | ||
| Q3 25 | — | 59.6% | ||
| Q2 25 | — | 59.7% | ||
| Q1 25 | — | 57.5% | ||
| Q4 24 | — | 53.8% | ||
| Q3 24 | — | 54.9% | ||
| Q2 24 | — | 56.0% |
营业利润率ARLPBLKB
| Q1 26 | 4.2% | 18.3% | ||
| Q4 25 | 18.2% | 20.0% | ||
| Q3 25 | 18.4% | 19.4% | ||
| Q2 25 | 16.2% | 20.3% | ||
| Q1 25 | 17.4% | 7.3% | ||
| Q4 24 | 2.6% | -121.5% | ||
| Q3 24 | 16.5% | 14.4% | ||
| Q2 24 | 19.8% | 14.4% |
净利率ARLPBLKB
| Q1 26 | 2.1% | 11.1% | ||
| Q4 25 | 15.4% | 12.4% | ||
| Q3 25 | 16.6% | 16.9% | ||
| Q2 25 | 10.9% | 9.4% | ||
| Q1 25 | 13.7% | 1.6% | ||
| Q4 24 | 2.8% | -114.6% | ||
| Q3 24 | 14.1% | 6.4% | ||
| Q2 24 | 16.9% | 7.4% |
每股收益（稀释后）ARLPBLKB
| Q1 26 | — | $0.67 | ||
| Q4 25 | — | $0.75 | ||
| Q3 25 | — | $0.98 | ||
| Q2 25 | — | $0.55 | ||
| Q1 25 | — | $0.09 | ||
| Q4 24 | — | $-6.82 | ||
| Q3 24 | — | $0.35 | ||
| Q2 24 | — | $0.41 |
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 | $34.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $34.6M |
| 总资产 | $2.9B | $2.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ARLPBLKB
| Q1 26 | $28.9M | $34.1M | ||
| Q4 25 | $71.2M | $38.9M | ||
| Q3 25 | $94.5M | $38.3M | ||
| Q2 25 | $55.0M | $41.6M | ||
| Q1 25 | $81.3M | $37.2M | ||
| Q4 24 | $137.0M | $67.6M | ||
| Q3 24 | $195.4M | $34.6M | ||
| Q2 24 | $203.7M | $30.4M |
总债务ARLPBLKB
| Q1 26 | — | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.0B |
股东权益ARLPBLKB
| Q1 26 | — | $34.6M | ||
| Q4 25 | — | $85.1M | ||
| Q3 25 | — | $108.2M | ||
| Q2 25 | — | $72.7M | ||
| Q1 25 | — | $17.5M | ||
| Q4 24 | — | $126.8M | ||
| Q3 24 | — | $544.8M | ||
| Q2 24 | — | $577.5M |
总资产ARLPBLKB
| Q1 26 | $2.9B | $2.1B | ||
| Q4 25 | $2.9B | $2.4B | ||
| Q3 25 | $2.9B | $2.1B | ||
| Q2 25 | $2.9B | $2.6B | ||
| Q1 25 | $2.9B | $2.1B | ||
| Q4 24 | $2.9B | $2.5B | ||
| Q3 24 | $3.0B | $2.6B | ||
| Q2 24 | $3.1B | $3.0B |
负债/权益比ARLPBLKB
| Q1 26 | — | — | ||
| Q4 25 | — | 13.06× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 8.50× | ||
| Q3 24 | — | 1.84× | ||
| Q2 24 | — | 1.78× |
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 | — | $51.5M |
| 自由现金流经营现金流 - 资本支出 | $13.3M | $37.0M |
| 自由现金流率自由现金流/营收 | 2.6% | 13.2% |
| 资本支出强度资本支出/营收 | 18.5% | — |
| 现金转化率经营现金流/净利润 | — | 1.65× |
| 过去12个月自由现金流最近4个季度 | $342.2M | $294.1M |
8季度趋势，按日历期对齐
经营现金流ARLPBLKB
| Q1 26 | — | $51.5M | ||
| Q4 25 | $143.9M | $58.0M | ||
| Q3 25 | $209.9M | $139.2M | ||
| Q2 25 | $151.7M | $66.9M | ||
| Q1 25 | $145.7M | $1.4M | ||
| Q4 24 | $168.4M | $73.6M | ||
| Q3 24 | $209.3M | $104.0M | ||
| Q2 24 | $215.8M | $53.1M |
自由现金流ARLPBLKB
| Q1 26 | $13.3M | $37.0M | ||
| Q4 25 | $99.1M | $55.0M | ||
| Q3 25 | $145.2M | $135.7M | ||
| Q2 25 | $84.7M | $66.3M | ||
| Q1 25 | $58.9M | $712.0K | ||
| Q4 24 | $75.3M | $73.4M | ||
| Q3 24 | $99.0M | $102.9M | ||
| Q2 24 | $114.3M | $48.0M |
自由现金流率ARLPBLKB
| Q1 26 | 2.6% | 13.2% | ||
| Q4 25 | 18.5% | 18.6% | ||
| Q3 25 | 25.4% | 48.3% | ||
| Q2 25 | 15.5% | 23.5% | ||
| Q1 25 | 10.9% | 0.3% | ||
| Q4 24 | 12.8% | 24.3% | ||
| Q3 24 | 16.1% | 35.9% | ||
| Q2 24 | 19.3% | 16.7% |
资本支出强度ARLPBLKB
| Q1 26 | 18.5% | — | ||
| Q4 25 | 8.4% | 1.0% | ||
| Q3 25 | 11.3% | 1.2% | ||
| Q2 25 | 12.2% | 0.2% | ||
| Q1 25 | 16.1% | 0.3% | ||
| Q4 24 | 15.8% | 0.1% | ||
| Q3 24 | 18.0% | 0.4% | ||
| Q2 24 | 17.1% | 1.8% |
现金转化率ARLPBLKB
| Q1 26 | — | 1.65× | ||
| Q4 25 | 1.74× | 1.58× | ||
| Q3 25 | 2.21× | 2.93× | ||
| Q2 25 | 2.55× | 2.53× | ||
| Q1 25 | 1.97× | 0.32× | ||
| Q4 24 | 10.31× | — | ||
| Q3 24 | 2.43× | 5.69× | ||
| Q2 24 | 2.15× | 2.50× |
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% |
BLKB
暂无分部数据
