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ALLIANCE RESOURCE PARTNERS LP（ARLP）与CENTRAL GARDEN & PET CO（CENT）财务数据对比。点击上方公司名可切换其他公司
CENTRAL GARDEN & PET CO的季度营收约是ALLIANCE RESOURCE PARTNERS LP的1.2倍（$617.4M vs $516.0M），ALLIANCE RESOURCE PARTNERS LP净利率更高（2.1% vs 1.1%，领先1.0%），ALLIANCE RESOURCE PARTNERS LP同比增速更快（-3.6% vs -6.0%），ALLIANCE RESOURCE PARTNERS LP自由现金流更多（$13.3M vs $-81.0M），过去两年ALLIANCE RESOURCE PARTNERS LP的营收复合增速更高（-6.7% vs -17.2%）
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。
Central Garden & Pet Co是总部位于美国的宠物用品及园艺产品供应商，主营宠物食品、护理用具、草坪养护用品、园艺配件等品类，产品通过大型商超、独立宠物店、园艺中心等渠道销往北美市场，旗下拥有多个行业知名消费品牌。
ARLP vs CENT — 直观对比
营收规模更大
CENT
是对方的1.2倍
$516.0M
营收增速更快
ARLP
高出2.3%
-6.0%
净利率更高
ARLP
高出1.0%
1.1%
自由现金流更多
ARLP
多$94.3M
$-81.0M
两年增速更快
ARLP
近两年复合增速
-17.2%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $617.4M |
| 净利润 | $10.7M | $6.8M |
| 毛利率 | — | 30.9% |
| 营业利润率 | 4.2% | 2.7% |
| 净利率 | 2.1% | 1.1% |
| 营收同比 | -3.6% | -6.0% |
| 净利润同比 | — | -51.2% |
| 每股收益（稀释后） | — | $0.11 |
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ARLPCENT
| Q1 26 | $516.0M | — | ||
| Q4 25 | $535.5M | $617.4M | ||
| Q3 25 | $571.4M | $678.2M | ||
| Q2 25 | $547.5M | $960.9M | ||
| Q1 25 | $540.5M | $833.5M | ||
| Q4 24 | $590.1M | $656.4M | ||
| Q3 24 | $613.6M | $669.5M | ||
| Q2 24 | $593.4M | $996.3M |
净利润ARLPCENT
| Q1 26 | $10.7M | — | ||
| Q4 25 | $82.7M | $6.8M | ||
| Q3 25 | $95.1M | $-9.8M | ||
| Q2 25 | $59.4M | $95.0M | ||
| Q1 25 | $74.0M | $63.6M | ||
| Q4 24 | $16.3M | $14.0M | ||
| Q3 24 | $86.3M | $-34.2M | ||
| Q2 24 | $100.2M | $79.7M |
毛利率ARLPCENT
| Q1 26 | — | — | ||
| Q4 25 | — | 30.9% | ||
| Q3 25 | — | 29.0% | ||
| Q2 25 | — | 34.6% | ||
| Q1 25 | — | 32.8% | ||
| Q4 24 | — | 29.8% | ||
| Q3 24 | — | 25.2% | ||
| Q2 24 | — | 31.8% |
营业利润率ARLPCENT
| Q1 26 | 4.2% | — | ||
| Q4 25 | 18.2% | 2.7% | ||
| Q3 25 | 18.4% | -0.9% | ||
| Q2 25 | 16.2% | 14.1% | ||
| Q1 25 | 17.4% | 11.2% | ||
| Q4 24 | 2.6% | 4.3% | ||
| Q3 24 | 16.5% | -4.8% | ||
| Q2 24 | 19.8% | 11.6% |
净利率ARLPCENT
| Q1 26 | 2.1% | — | ||
| Q4 25 | 15.4% | 1.1% | ||
| Q3 25 | 16.6% | -1.4% | ||
| Q2 25 | 10.9% | 9.9% | ||
| Q1 25 | 13.7% | 7.6% | ||
| Q4 24 | 2.8% | 2.1% | ||
| Q3 24 | 14.1% | -5.1% | ||
| Q2 24 | 16.9% | 8.0% |
每股收益（稀释后）ARLPCENT
| Q1 26 | — | — | ||
| Q4 25 | — | $0.11 | ||
| Q3 25 | — | $-0.16 | ||
| Q2 25 | — | $1.52 | ||
| Q1 25 | — | $0.98 | ||
| Q4 24 | — | $0.21 | ||
| Q3 24 | — | $-0.51 | ||
| Q2 24 | — | $1.19 |
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 | $721.1M |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | — | $1.6B |
| 总资产 | $2.9B | $3.6B |
| 负债/权益比越低杠杆越低 | — | 0.76× |
8季度趋势，按日历期对齐
现金及短期投资ARLPCENT
| Q1 26 | $28.9M | — | ||
| Q4 25 | $71.2M | $721.1M | ||
| Q3 25 | $94.5M | $882.5M | ||
| Q2 25 | $55.0M | $713.0M | ||
| Q1 25 | $81.3M | $516.7M | ||
| Q4 24 | $137.0M | $618.0M | ||
| Q3 24 | $195.4M | $753.5M | ||
| Q2 24 | $203.7M | $570.4M |
总债务ARLPCENT
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B |
股东权益ARLPCENT
| Q1 26 | — | — | ||
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.6B |
总资产ARLPCENT
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $3.6B | ||
| Q3 25 | $2.9B | $3.6B | ||
| Q2 25 | $2.9B | $3.7B | ||
| Q1 25 | $2.9B | $3.6B | ||
| Q4 24 | $2.9B | $3.5B | ||
| Q3 24 | $3.0B | $3.6B | ||
| Q2 24 | $3.1B | $3.6B |
负债/权益比ARLPCENT
| Q1 26 | — | — | ||
| Q4 25 | — | 0.76× | ||
| Q3 25 | — | 0.75× | ||
| Q2 25 | — | 0.75× | ||
| Q1 25 | — | 0.77× | ||
| Q4 24 | — | 0.78× | ||
| Q3 24 | — | 0.76× | ||
| Q2 24 | — | 0.75× |
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 | — | $-70.2M |
| 自由现金流经营现金流 - 资本支出 | $13.3M | $-81.0M |
| 自由现金流率自由现金流/营收 | 2.6% | -13.1% |
| 资本支出强度资本支出/营收 | 18.5% | 1.8% |
| 现金转化率经营现金流/净利润 | — | -10.26× |
| 过去12个月自由现金流最近4个季度 | $342.2M | $285.0M |
8季度趋势，按日历期对齐
经营现金流ARLPCENT
| Q1 26 | — | — | ||
| Q4 25 | $143.9M | $-70.2M | ||
| Q3 25 | $209.9M | $182.7M | ||
| Q2 25 | $151.7M | $265.5M | ||
| Q1 25 | $145.7M | $-46.9M | ||
| Q4 24 | $168.4M | $-68.8M | ||
| Q3 24 | $209.3M | $203.1M | ||
| Q2 24 | $215.8M | $286.1M |
自由现金流ARLPCENT
| Q1 26 | $13.3M | — | ||
| Q4 25 | $99.1M | $-81.0M | ||
| Q3 25 | $145.2M | $171.9M | ||
| Q2 25 | $84.7M | $251.7M | ||
| Q1 25 | $58.9M | $-57.5M | ||
| Q4 24 | $75.3M | $-74.9M | ||
| Q3 24 | $99.0M | $193.0M | ||
| Q2 24 | $114.3M | $272.5M |
自由现金流率ARLPCENT
| Q1 26 | 2.6% | — | ||
| Q4 25 | 18.5% | -13.1% | ||
| Q3 25 | 25.4% | 25.3% | ||
| Q2 25 | 15.5% | 26.2% | ||
| Q1 25 | 10.9% | -6.9% | ||
| Q4 24 | 12.8% | -11.4% | ||
| Q3 24 | 16.1% | 28.8% | ||
| Q2 24 | 19.3% | 27.3% |
资本支出强度ARLPCENT
| Q1 26 | 18.5% | — | ||
| Q4 25 | 8.4% | 1.8% | ||
| Q3 25 | 11.3% | 1.6% | ||
| Q2 25 | 12.2% | 1.4% | ||
| Q1 25 | 16.1% | 1.3% | ||
| Q4 24 | 15.8% | 0.9% | ||
| Q3 24 | 18.0% | 1.5% | ||
| Q2 24 | 17.1% | 1.4% |
现金转化率ARLPCENT
| Q1 26 | — | — | ||
| Q4 25 | 1.74× | -10.26× | ||
| Q3 25 | 2.21× | — | ||
| Q2 25 | 2.55× | 2.79× | ||
| Q1 25 | 1.97× | -0.74× | ||
| Q4 24 | 10.31× | -4.91× | ||
| Q3 24 | 2.43× | — | ||
| Q2 24 | 2.15× | 3.59× |
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% |
CENT
| Garden Products Segment | $201.6M | 33% |
| Dogand Cat Products | $157.0M | 25% |
| Other Pet Products | $117.8M | 19% |
| Manufactured Product Other | $102.5M | 17% |
| Wild Bird Products | $38.5M | 6% |
