vs
ALLIANCE RESOURCE PARTNERS LP（ARLP）与CRACKER BARREL OLD COUNTRY STORE, INC（CBRL）财务数据对比。点击上方公司名可切换其他公司
CRACKER BARREL OLD COUNTRY STORE, INC的季度营收约是ALLIANCE RESOURCE PARTNERS LP的1.5倍（$797.2M vs $516.0M），ALLIANCE RESOURCE PARTNERS LP净利率更高（2.1% vs -3.1%，领先5.2%），ALLIANCE RESOURCE PARTNERS LP同比增速更快（-3.6% vs -10.9%），ALLIANCE RESOURCE PARTNERS LP自由现金流更多（$13.3M vs $-88.9M），过去两年CRACKER BARREL OLD COUNTRY STORE, INC的营收复合增速更高（-2.4% 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。
Cracker Barrel是源自美国南方乡村风格的连锁餐厅与礼品店品牌，1969年由丹·埃文斯与汤米·洛创立，总部位于田纳西州黎巴嫩。品牌最初门店多开设在美国东南部和中西部的高速公路出口附近，于上世纪90年代至21世纪初逐步扩张至全美各地。
ARLP vs CBRL — 直观对比
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $797.2M |
| 净利润 | $10.7M | $-24.6M |
| 毛利率 | — | 68.8% |
| 营业利润率 | 4.2% | -4.1% |
| 净利率 | 2.1% | -3.1% |
| 营收同比 | -3.6% | -10.9% |
| 净利润同比 | — | -235.7% |
| 每股收益（稀释后） | — | $-1.10 |
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
| Q1 26 | $516.0M | — | ||
| Q4 25 | $535.5M | $797.2M | ||
| Q3 25 | $571.4M | — | ||
| Q2 25 | $547.5M | $821.1M | ||
| Q1 25 | $540.5M | $949.4M | ||
| Q4 24 | $590.1M | — | ||
| Q3 24 | $613.6M | $894.4M | ||
| Q2 24 | $593.4M | $817.1M |
| Q1 26 | $10.7M | — | ||
| Q4 25 | $82.7M | $-24.6M | ||
| Q3 25 | $95.1M | — | ||
| Q2 25 | $59.4M | $12.6M | ||
| Q1 25 | $74.0M | $22.2M | ||
| Q4 24 | $16.3M | — | ||
| Q3 24 | $86.3M | $18.1M | ||
| Q2 24 | $100.2M | $-9.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 68.8% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 69.9% | ||
| Q1 25 | — | 67.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 69.6% | ||
| Q2 24 | — | 70.0% |
| Q1 26 | 4.2% | — | ||
| Q4 25 | 18.2% | -4.1% | ||
| Q3 25 | 18.4% | — | ||
| Q2 25 | 16.2% | 1.8% | ||
| Q1 25 | 17.4% | 3.1% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 16.5% | 2.5% | ||
| Q2 24 | 19.8% | -2.4% |
| Q1 26 | 2.1% | — | ||
| Q4 25 | 15.4% | -3.1% | ||
| Q3 25 | 16.6% | — | ||
| Q2 25 | 10.9% | 1.5% | ||
| Q1 25 | 13.7% | 2.3% | ||
| Q4 24 | 2.8% | — | ||
| Q3 24 | 14.1% | 2.0% | ||
| Q2 24 | 16.9% | -1.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | $-1.10 | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $0.56 | ||
| Q1 25 | — | $0.99 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0.80 | ||
| 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 | $8.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $428.8M |
| 总资产 | $2.9B | $2.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q1 26 | $28.9M | — | ||
| Q4 25 | $71.2M | $8.9M | ||
| Q3 25 | $94.5M | — | ||
| Q2 25 | $55.0M | $9.8M | ||
| Q1 25 | $81.3M | $10.3M | ||
| Q4 24 | $137.0M | — | ||
| Q3 24 | $195.4M | $12.0M | ||
| Q2 24 | $203.7M | $11.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $428.8M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $469.3M | ||
| Q1 25 | — | $460.9M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $440.1M | ||
| Q2 24 | — | $426.6M |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $2.2B | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $2.9B | $2.1B | ||
| Q1 25 | $2.9B | $2.1B | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $3.0B | $2.2B | ||
| Q2 24 | $3.1B | $2.2B |
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 | — | $-53.4M |
| 自由现金流经营现金流 - 资本支出 | $13.3M | $-88.9M |
| 自由现金流率自由现金流/营收 | 2.6% | -11.2% |
| 资本支出强度资本支出/营收 | 18.5% | 4.5% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $342.2M | — |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $143.9M | $-53.4M | ||
| Q3 25 | $209.9M | — | ||
| Q2 25 | $151.7M | $23.0M | ||
| Q1 25 | $145.7M | — | ||
| Q4 24 | $168.4M | — | ||
| Q3 24 | $209.3M | $69.5M | ||
| Q2 24 | $215.8M | $37.6M |
| Q1 26 | $13.3M | — | ||
| Q4 25 | $99.1M | $-88.9M | ||
| Q3 25 | $145.2M | — | ||
| Q2 25 | $84.7M | $-13.6M | ||
| Q1 25 | $58.9M | — | ||
| Q4 24 | $75.3M | — | ||
| Q3 24 | $99.0M | $22.1M | ||
| Q2 24 | $114.3M | $8.2M |
| Q1 26 | 2.6% | — | ||
| Q4 25 | 18.5% | -11.2% | ||
| Q3 25 | 25.4% | — | ||
| Q2 25 | 15.5% | -1.7% | ||
| Q1 25 | 10.9% | — | ||
| Q4 24 | 12.8% | — | ||
| Q3 24 | 16.1% | 2.5% | ||
| Q2 24 | 19.3% | 1.0% |
| Q1 26 | 18.5% | — | ||
| Q4 25 | 8.4% | 4.5% | ||
| Q3 25 | 11.3% | — | ||
| Q2 25 | 12.2% | 4.5% | ||
| Q1 25 | 16.1% | — | ||
| Q4 24 | 15.8% | — | ||
| Q3 24 | 18.0% | 5.3% | ||
| Q2 24 | 17.1% | 3.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.74× | — | ||
| Q3 25 | 2.21× | — | ||
| Q2 25 | 2.55× | 1.83× | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | 10.31× | — | ||
| Q3 24 | 2.43× | 3.83× | ||
| Q2 24 | 2.15× | — |
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% |
CBRL
| Restaurant | $650.6M | 82% |
| Retail | $146.6M | 18% |
