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ALLIANCE RESOURCE PARTNERS LP（ARLP）与COMPASS MINERALS INTERNATIONAL INC（CMP）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COMPASS MINERALS INTERNATIONAL INC的1.3倍（$516.0M vs $396.1M），COMPASS MINERALS INTERNATIONAL INC净利率更高（4.7% vs 2.1%，领先2.6%），COMPASS MINERALS INTERNATIONAL INC同比增速更快（28.9% vs -3.6%），ALLIANCE RESOURCE PARTNERS LP自由现金流更多（$13.3M vs $-59.8M），过去两年COMPASS MINERALS INTERNATIONAL INC的营收复合增速更高（4.3% 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。
指南针矿产国际是一家美国上市矿产企业，总部位于堪萨斯州欧弗兰帕克，是盐、氯化镁和硫酸钾等产品的领先生产商。公司面向北美和英国客户供应经处理与未经处理的散装道路除冰盐，同时向全球种植者提供植物营养产品，此外也生产民用除冰、水质调节产品及相关商用产品。
ARLP vs CMP — 直观对比
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $396.1M |
| 净利润 | $10.7M | $18.6M |
| 毛利率 | — | 16.0% |
| 营业利润率 | 4.2% | 9.2% |
| 净利率 | 2.1% | 4.7% |
| 营收同比 | -3.6% | 28.9% |
| 净利润同比 | — | 178.8% |
| 每股收益（稀释后） | — | $0.43 |
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 | $396.1M | ||
| Q3 25 | $571.4M | $227.5M | ||
| Q2 25 | $547.5M | $214.6M | ||
| Q1 25 | $540.5M | $494.6M | ||
| Q4 24 | $590.1M | $307.2M | ||
| Q3 24 | $613.6M | $208.8M | ||
| Q2 24 | $593.4M | $202.9M |
| Q1 26 | $10.7M | — | ||
| Q4 25 | $82.7M | $18.6M | ||
| Q3 25 | $95.1M | $-7.2M | ||
| Q2 25 | $59.4M | $-17.0M | ||
| Q1 25 | $74.0M | $-32.0M | ||
| Q4 24 | $16.3M | $-23.6M | ||
| Q3 24 | $86.3M | $-48.3M | ||
| Q2 24 | $100.2M | $-43.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 16.0% | ||
| Q3 25 | — | 16.9% | ||
| Q2 25 | — | 19.2% | ||
| Q1 25 | — | 15.5% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | — | 9.3% | ||
| Q2 24 | — | 16.1% |
| Q1 26 | 4.2% | — | ||
| Q4 25 | 18.2% | 9.2% | ||
| Q3 25 | 18.4% | 5.3% | ||
| Q2 25 | 16.2% | 7.4% | ||
| Q1 25 | 17.4% | -0.6% | ||
| Q4 24 | 2.6% | 0.2% | ||
| Q3 24 | 16.5% | -14.3% | ||
| Q2 24 | 19.8% | 2.9% |
| Q1 26 | 2.1% | — | ||
| Q4 25 | 15.4% | 4.7% | ||
| Q3 25 | 16.6% | -3.2% | ||
| Q2 25 | 10.9% | -7.9% | ||
| Q1 25 | 13.7% | -6.5% | ||
| Q4 24 | 2.8% | -7.7% | ||
| Q3 24 | 14.1% | -23.1% | ||
| Q2 24 | 16.9% | -21.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | $0.43 | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $-0.41 | ||
| Q1 25 | — | $-0.77 | ||
| Q4 24 | — | $-0.57 | ||
| Q3 24 | — | $-1.17 | ||
| Q2 24 | — | $-1.05 |
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 | $46.7M |
| 总债务越低越好 | — | $890.0M |
| 股东权益账面价值 | — | $260.5M |
| 总资产 | $2.9B | $1.5B |
| 负债/权益比越低杠杆越低 | — | 3.42× |
8季度趋势，按日历期对齐
| Q1 26 | $28.9M | — | ||
| Q4 25 | $71.2M | $46.7M | ||
| Q3 25 | $94.5M | $59.7M | ||
| Q2 25 | $55.0M | $79.4M | ||
| Q1 25 | $81.3M | $49.5M | ||
| Q4 24 | $137.0M | $45.8M | ||
| Q3 24 | $195.4M | $20.2M | ||
| Q2 24 | $203.7M | $12.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $890.0M | ||
| Q3 25 | — | $839.8M | ||
| Q2 25 | — | $833.4M | ||
| Q1 25 | — | $807.6M | ||
| Q4 24 | — | $974.4M | ||
| Q3 24 | — | $921.2M | ||
| Q2 24 | — | $875.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $260.5M | ||
| Q3 25 | — | $234.1M | ||
| Q2 25 | — | $249.8M | ||
| Q1 25 | — | $236.5M | ||
| Q4 24 | — | $263.0M | ||
| Q3 24 | — | $316.6M | ||
| Q2 24 | — | $352.1M |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $1.5B | ||
| Q3 25 | $2.9B | $1.5B | ||
| Q2 25 | $2.9B | $1.5B | ||
| Q1 25 | $2.9B | $1.5B | ||
| Q4 24 | $2.9B | $1.7B | ||
| Q3 24 | $3.0B | $1.6B | ||
| Q2 24 | $3.1B | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.42× | ||
| Q3 25 | — | 3.59× | ||
| Q2 25 | — | 3.34× | ||
| Q1 25 | — | 3.41× | ||
| Q4 24 | — | 3.70× | ||
| Q3 24 | — | 2.91× | ||
| Q2 24 | — | 2.49× |
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 | — | $-37.0M |
| 自由现金流经营现金流 - 资本支出 | $13.3M | $-59.8M |
| 自由现金流率自由现金流/营收 | 2.6% | -15.1% |
| 资本支出强度资本支出/营收 | 18.5% | 5.8% |
| 现金转化率经营现金流/净利润 | — | -1.99× |
| 过去12个月自由现金流最近4个季度 | $342.2M | $94.1M |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $143.9M | $-37.0M | ||
| Q3 25 | $209.9M | $-6.9M | ||
| Q2 25 | $151.7M | $21.8M | ||
| Q1 25 | $145.7M | $186.9M | ||
| Q4 24 | $168.4M | $-4.1M | ||
| Q3 24 | $209.3M | $-12.7M | ||
| Q2 24 | $215.8M | $-6.8M |
| Q1 26 | $13.3M | — | ||
| Q4 25 | $99.1M | $-59.8M | ||
| Q3 25 | $145.2M | $-22.8M | ||
| Q2 25 | $84.7M | $3.8M | ||
| Q1 25 | $58.9M | $172.9M | ||
| Q4 24 | $75.3M | $-25.9M | ||
| Q3 24 | $99.0M | $-33.6M | ||
| Q2 24 | $114.3M | $-21.5M |
| Q1 26 | 2.6% | — | ||
| Q4 25 | 18.5% | -15.1% | ||
| Q3 25 | 25.4% | -10.0% | ||
| Q2 25 | 15.5% | 1.8% | ||
| Q1 25 | 10.9% | 35.0% | ||
| Q4 24 | 12.8% | -8.4% | ||
| Q3 24 | 16.1% | -16.1% | ||
| Q2 24 | 19.3% | -10.6% |
| Q1 26 | 18.5% | — | ||
| Q4 25 | 8.4% | 5.8% | ||
| Q3 25 | 11.3% | 7.0% | ||
| Q2 25 | 12.2% | 8.4% | ||
| Q1 25 | 16.1% | 2.8% | ||
| Q4 24 | 15.8% | 7.1% | ||
| Q3 24 | 18.0% | 10.0% | ||
| Q2 24 | 17.1% | 7.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.74× | -1.99× | ||
| Q3 25 | 2.21× | — | ||
| Q2 25 | 2.55× | — | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | 10.31× | — | ||
| Q3 24 | 2.43× | — | ||
| 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% |
CMP
| Highway Deicing Salt | $210.8M | 53% |
| Consumer Industrial Salt | $120.7M | 30% |
| Plant Nutrition | $60.8M | 15% |
| Transferred Over Time | $2.8M | 1% |
| Other | $1.0M | 0% |
