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ALLIANCE RESOURCE PARTNERS LP（ARLP）与Concentra Group Holdings Parent, Inc.（CON）财务数据对比。点击上方公司名可切换其他公司
Concentra Group Holdings Parent, Inc.的季度营收约是ALLIANCE RESOURCE PARTNERS LP的1.0倍（$539.1M vs $516.0M），Concentra Group Holdings Parent, Inc.净利率更高（6.4% vs 2.1%，领先4.4%），Concentra Group Holdings Parent, Inc.自由现金流更多（$98.5M vs $13.3M）
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。
Concentra是美国的职业医疗服务商，1979年成立于得克萨斯州阿马里洛，总部位于得克萨斯州艾迪生。业务覆盖美国47个州，运营627家职业医疗中心和410个雇主驻地现场诊所，美国每7起职业伤害案例中就有1起由该机构提供诊疗服务。
ARLP vs CON — 直观对比
营收规模更大
CON
是对方的1.0倍
$516.0M
净利率更高
CON
高出4.4%
2.1%
自由现金流更多
CON
多$85.2M
$13.3M
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $539.1M |
| 净利润 | $10.7M | $34.7M |
| 毛利率 | — | — |
| 营业利润率 | 4.2% | 12.9% |
| 净利率 | 2.1% | 6.4% |
| 营收同比 | -3.6% | — |
| 净利润同比 | — | — |
| 每股收益（稀释后） | — | $0.27 |
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ARLPCON
| Q1 26 | $516.0M | — | ||
| Q4 25 | $535.5M | $539.1M | ||
| Q3 25 | $571.4M | $572.8M | ||
| Q2 25 | $547.5M | $550.8M | ||
| Q1 25 | $540.5M | $500.8M | ||
| Q4 24 | $590.1M | — | ||
| Q3 24 | $613.6M | $489.6M | ||
| Q2 24 | $593.4M | $477.9M |
净利润ARLPCON
| Q1 26 | $10.7M | — | ||
| Q4 25 | $82.7M | $34.7M | ||
| Q3 25 | $95.1M | $48.3M | ||
| Q2 25 | $59.4M | $44.6M | ||
| Q1 25 | $74.0M | $38.9M | ||
| Q4 24 | $16.3M | — | ||
| Q3 24 | $86.3M | $44.3M | ||
| Q2 24 | $100.2M | $51.7M |
营业利润率ARLPCON
| Q1 26 | 4.2% | — | ||
| Q4 25 | 18.2% | 12.9% | ||
| Q3 25 | 18.4% | 16.5% | ||
| Q2 25 | 16.2% | 16.3% | ||
| Q1 25 | 17.4% | 16.0% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 16.5% | 17.6% | ||
| Q2 24 | 19.8% | 17.6% |
净利率ARLPCON
| Q1 26 | 2.1% | — | ||
| Q4 25 | 15.4% | 6.4% | ||
| Q3 25 | 16.6% | 8.4% | ||
| Q2 25 | 10.9% | 8.1% | ||
| Q1 25 | 13.7% | 7.8% | ||
| Q4 24 | 2.8% | — | ||
| Q3 24 | 14.1% | 9.1% | ||
| Q2 24 | 16.9% | 10.8% |
每股收益（稀释后）ARLPCON
| Q1 26 | — | — | ||
| Q4 25 | — | $0.27 | ||
| Q3 25 | — | $0.38 | ||
| Q2 25 | — | $0.35 | ||
| Q1 25 | — | $0.30 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0.37 | ||
| Q2 24 | — | $0.50 |
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 | $79.9M |
| 总债务越低越好 | — | $1.6B |
| 股东权益账面价值 | — | $393.3M |
| 总资产 | $2.9B | $2.9B |
| 负债/权益比越低杠杆越低 | — | 3.98× |
8季度趋势，按日历期对齐
现金及短期投资ARLPCON
| Q1 26 | $28.9M | — | ||
| Q4 25 | $71.2M | $79.9M | ||
| Q3 25 | $94.5M | $49.9M | ||
| Q2 25 | $55.0M | $73.9M | ||
| Q1 25 | $81.3M | $52.1M | ||
| Q4 24 | $137.0M | — | ||
| Q3 24 | $195.4M | $136.8M | ||
| Q2 24 | $203.7M | $50.7M |
总债务ARLPCON
| Q1 26 | — | — | ||
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $3.0M |
股东权益ARLPCON
| Q1 26 | — | — | ||
| Q4 25 | — | $393.3M | ||
| Q3 25 | — | $385.5M | ||
| Q2 25 | — | $342.6M | ||
| Q1 25 | — | $307.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $277.8M | ||
| Q2 24 | — | $1.2B |
总资产ARLPCON
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $2.9B | ||
| Q3 25 | $2.9B | $2.8B | ||
| Q2 25 | $2.9B | $2.8B | ||
| Q1 25 | $2.9B | $2.7B | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $3.0B | $2.5B | ||
| Q2 24 | $3.1B | $2.4B |
负债/权益比ARLPCON
| Q1 26 | — | — | ||
| Q4 25 | — | 3.98× | ||
| Q3 25 | — | 4.15× | ||
| Q2 25 | — | 4.82× | ||
| Q1 25 | — | 5.27× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 5.30× | ||
| Q2 24 | — | 0.00× |
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 | — | $118.7M |
| 自由现金流经营现金流 - 资本支出 | $13.3M | $98.5M |
| 自由现金流率自由现金流/营收 | 2.6% | 18.3% |
| 资本支出强度资本支出/营收 | 18.5% | 3.7% |
| 现金转化率经营现金流/净利润 | — | 3.42× |
| 过去12个月自由现金流最近4个季度 | $342.2M | $197.1M |
8季度趋势，按日历期对齐
经营现金流ARLPCON
| Q1 26 | — | — | ||
| Q4 25 | $143.9M | $118.7M | ||
| Q3 25 | $209.9M | $60.6M | ||
| Q2 25 | $151.7M | $88.4M | ||
| Q1 25 | $145.7M | $11.7M | ||
| Q4 24 | $168.4M | — | ||
| Q3 24 | $209.3M | $65.9M | ||
| Q2 24 | $215.8M | — |
自由现金流ARLPCON
| Q1 26 | $13.3M | — | ||
| Q4 25 | $99.1M | $98.5M | ||
| Q3 25 | $145.2M | $39.4M | ||
| Q2 25 | $84.7M | $63.2M | ||
| Q1 25 | $58.9M | $-4.0M | ||
| Q4 24 | $75.3M | — | ||
| Q3 24 | $99.0M | $50.8M | ||
| Q2 24 | $114.3M | — |
自由现金流率ARLPCON
| Q1 26 | 2.6% | — | ||
| Q4 25 | 18.5% | 18.3% | ||
| Q3 25 | 25.4% | 6.9% | ||
| Q2 25 | 15.5% | 11.5% | ||
| Q1 25 | 10.9% | -0.8% | ||
| Q4 24 | 12.8% | — | ||
| Q3 24 | 16.1% | 10.4% | ||
| Q2 24 | 19.3% | — |
资本支出强度ARLPCON
| Q1 26 | 18.5% | — | ||
| Q4 25 | 8.4% | 3.7% | ||
| Q3 25 | 11.3% | 3.7% | ||
| Q2 25 | 12.2% | 4.6% | ||
| Q1 25 | 16.1% | 3.1% | ||
| Q4 24 | 15.8% | — | ||
| Q3 24 | 18.0% | 3.1% | ||
| Q2 24 | 17.1% | — |
现金转化率ARLPCON
| Q1 26 | — | — | ||
| Q4 25 | 1.74× | 3.42× | ||
| Q3 25 | 2.21× | 1.26× | ||
| Q2 25 | 2.55× | 1.98× | ||
| Q1 25 | 1.97× | 0.30× | ||
| Q4 24 | 10.31× | — | ||
| Q3 24 | 2.43× | 1.49× | ||
| 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% |
CON
| Occupational Health Center Workers Compensation | $328.5M | 61% |
| Occupational Health Center Employer Services | $151.9M | 28% |
| Onsite Health Clinics | $36.2M | 7% |
| Other Businesses | $12.3M | 2% |
| Occupational Health Center Consumer Health | $8.1M | 2% |
| Occupational Health Center Other | $2.1M | 0% |
