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ALLIANCE RESOURCE PARTNERS LP（ARLP）与AMERICOLD REALTY TRUST（COLD）财务数据对比。点击上方公司名可切换其他公司
AMERICOLD REALTY TRUST的季度营收约是ALLIANCE RESOURCE PARTNERS LP的1.1倍（$577.9M vs $516.0M），ALLIANCE RESOURCE PARTNERS LP净利率更高（2.1% vs -2.4%，领先4.5%），AMERICOLD REALTY TRUST同比增速更快（-1.2% vs -3.6%），过去两年AMERICOLD REALTY TRUST的营收复合增速更高（-5.4% 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。
Americold Realty Trust是总部位于美国佐治亚州亚特兰大的温控仓储及运输企业，主营现代化商用温控仓储业务，通过冷链体系存储易腐货物，是食品保鲜供应链的重要参与方，为全球第二大温控仓储及配送服务提供商。
ARLP vs COLD — 直观对比
营收规模更大
COLD
是对方的1.1倍
$516.0M
营收增速更快
COLD
高出2.4%
-3.6%
净利率更高
ARLP
高出4.5%
-2.4%
两年增速更快
COLD
近两年复合增速
-6.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $577.9M |
| 净利润 | $10.7M | $-13.7M |
| 毛利率 | — | — |
| 营业利润率 | 4.2% | 2.5% |
| 净利率 | 2.1% | -2.4% |
| 营收同比 | -3.6% | -1.2% |
| 净利润同比 | — | 16.9% |
| 每股收益（稀释后） | — | $-0.05 |
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ARLPCOLD
| Q1 26 | $516.0M | $577.9M | ||
| Q4 25 | $535.5M | $643.1M | ||
| Q3 25 | $571.4M | $649.0M | ||
| Q2 25 | $547.5M | $635.1M | ||
| Q1 25 | $540.5M | $613.7M | ||
| Q4 24 | $590.1M | $647.4M | ||
| Q3 24 | $613.6M | $660.4M | ||
| Q2 24 | $593.4M | $645.6M |
净利润ARLPCOLD
| Q1 26 | $10.7M | $-13.7M | ||
| Q4 25 | $82.7M | $-88.3M | ||
| Q3 25 | $95.1M | $-11.4M | ||
| Q2 25 | $59.4M | $1.5M | ||
| Q1 25 | $74.0M | $-16.4M | ||
| Q4 24 | $16.3M | $-36.2M | ||
| Q3 24 | $86.3M | $-3.7M | ||
| Q2 24 | $100.2M | $-64.1M |
毛利率ARLPCOLD
| Q1 26 | — | — | ||
| Q4 25 | — | 31.3% | ||
| Q3 25 | — | 29.3% | ||
| Q2 25 | — | 30.9% | ||
| Q1 25 | — | 31.1% | ||
| Q4 24 | — | 29.7% | ||
| Q3 24 | — | 29.6% | ||
| Q2 24 | — | 31.0% |
营业利润率ARLPCOLD
| Q1 26 | 4.2% | 2.5% | ||
| Q4 25 | 18.2% | -10.8% | ||
| Q3 25 | 18.4% | 2.6% | ||
| Q2 25 | 16.2% | 5.9% | ||
| Q1 25 | 17.4% | 3.6% | ||
| Q4 24 | 2.6% | -1.8% | ||
| Q3 24 | 16.5% | 4.6% | ||
| Q2 24 | 19.8% | 9.8% |
净利率ARLPCOLD
| Q1 26 | 2.1% | -2.4% | ||
| Q4 25 | 15.4% | -13.7% | ||
| Q3 25 | 16.6% | -1.8% | ||
| Q2 25 | 10.9% | 0.2% | ||
| Q1 25 | 13.7% | -2.7% | ||
| Q4 24 | 2.8% | -5.6% | ||
| Q3 24 | 14.1% | -0.6% | ||
| Q2 24 | 16.9% | -9.9% |
每股收益（稀释后）ARLPCOLD
| Q1 26 | — | $-0.05 | ||
| Q4 25 | — | $-0.31 | ||
| Q3 25 | — | $-0.04 | ||
| Q2 25 | — | $0.01 | ||
| Q1 25 | — | $-0.06 | ||
| Q4 24 | — | $-0.12 | ||
| Q3 24 | — | $-0.01 | ||
| Q2 24 | — | $-0.23 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $2.8B |
| 总资产 | $2.9B | $8.1B |
| 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ARLPCOLD
| Q1 26 | $28.9M | — | ||
| Q4 25 | $71.2M | $136.9M | ||
| Q3 25 | $94.5M | $33.3M | ||
| Q2 25 | $55.0M | $101.4M | ||
| Q1 25 | $81.3M | $38.9M | ||
| Q4 24 | $137.0M | $47.7M | ||
| Q3 24 | $195.4M | $61.3M | ||
| Q2 24 | $203.7M | $44.2M |
股东权益ARLPCOLD
| Q1 26 | — | $2.8B | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | $3.0B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | — | $3.4B |
总资产ARLPCOLD
| Q1 26 | $2.9B | $8.1B | ||
| Q4 25 | $2.9B | $8.1B | ||
| Q3 25 | $2.9B | $8.1B | ||
| Q2 25 | $2.9B | $8.1B | ||
| Q1 25 | $2.9B | $7.8B | ||
| Q4 24 | $2.9B | $7.7B | ||
| Q3 24 | $3.0B | $7.9B | ||
| Q2 24 | $3.1B | $7.8B |
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 | — | $39.9M |
| 自由现金流经营现金流 - 资本支出 | $13.3M | — |
| 自由现金流率自由现金流/营收 | 2.6% | — |
| 资本支出强度资本支出/营收 | 18.5% | 2.2% |
| 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
经营现金流ARLPCOLD
| Q1 26 | — | $39.9M | ||
| Q4 25 | $143.9M | $130.2M | ||
| Q3 25 | $209.9M | $78.9M | ||
| Q2 25 | $151.7M | $120.3M | ||
| Q1 25 | $145.7M | $30.2M | ||
| Q4 24 | $168.4M | $162.6M | ||
| Q3 24 | $209.3M | $50.6M | ||
| Q2 24 | $215.8M | $136.7M |
自由现金流ARLPCOLD
| Q1 26 | $13.3M | — | ||
| Q4 25 | $99.1M | $-12.2M | ||
| Q3 25 | $145.2M | $-65.4M | ||
| Q2 25 | $84.7M | $-57.4M | ||
| Q1 25 | $58.9M | $-82.3M | ||
| Q4 24 | $75.3M | $57.4M | ||
| Q3 24 | $99.0M | $-44.5M | ||
| Q2 24 | $114.3M | $73.3M |
自由现金流率ARLPCOLD
| Q1 26 | 2.6% | — | ||
| Q4 25 | 18.5% | -1.9% | ||
| Q3 25 | 25.4% | -10.1% | ||
| Q2 25 | 15.5% | -9.0% | ||
| Q1 25 | 10.9% | -13.4% | ||
| Q4 24 | 12.8% | 8.9% | ||
| Q3 24 | 16.1% | -6.7% | ||
| Q2 24 | 19.3% | 11.4% |
资本支出强度ARLPCOLD
| Q1 26 | 18.5% | 2.2% | ||
| Q4 25 | 8.4% | 22.1% | ||
| Q3 25 | 11.3% | 22.2% | ||
| Q2 25 | 12.2% | 28.0% | ||
| Q1 25 | 16.1% | 18.3% | ||
| Q4 24 | 15.8% | 16.3% | ||
| Q3 24 | 18.0% | 14.4% | ||
| Q2 24 | 17.1% | 9.8% |
现金转化率ARLPCOLD
| Q1 26 | — | — | ||
| Q4 25 | 1.74× | — | ||
| Q3 25 | 2.21× | — | ||
| Q2 25 | 2.55× | 78.18× | ||
| 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% |
COLD
| Warehouse services (3) | $331.9M | 57% |
| Rent and storage | $246.1M | 43% |
