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ALLIANCE RESOURCE PARTNERS LP（ARLP）与Custom Truck One Source, Inc.（CTOS）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Custom Truck One Source, Inc.的1.2倍（$516.0M vs $422.2M），ALLIANCE RESOURCE PARTNERS LP净利率更高（2.1% vs -4.2%，领先6.3%），ALLIANCE RESOURCE PARTNERS LP同比增速更快（-3.6% vs -8.5%），过去两年Custom Truck One Source, Inc.的营收复合增速更高（14.8% 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。
Custom Truck One Source是北美领先的专用重型卡车及设备解决方案提供商，业务覆盖定制车辆制造、设备销售与租赁、售后配件供应及维保服务，主要服务基建、公用事业、建筑、能源等核心领域。
ARLP vs CTOS — 直观对比
营收规模更大
ARLP
是对方的1.2倍
$422.2M
营收增速更快
ARLP
高出4.9%
-8.5%
净利率更高
ARLP
高出6.3%
-4.2%
两年增速更快
CTOS
近两年复合增速
-6.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $422.2M |
| 净利润 | $10.7M | $-17.8M |
| 毛利率 | — | 20.3% |
| 营业利润率 | 4.2% | 2.9% |
| 净利率 | 2.1% | -4.2% |
| 营收同比 | -3.6% | -8.5% |
| 净利润同比 | — | -333.7% |
| 每股收益（稀释后） | — | $-0.08 |
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ARLPCTOS
| Q1 26 | $516.0M | $422.2M | ||
| Q4 25 | $535.5M | $387.3M | ||
| Q3 25 | $571.4M | $359.9M | ||
| Q2 25 | $547.5M | $392.2M | ||
| Q1 25 | $540.5M | $307.1M | ||
| Q4 24 | $590.1M | $398.3M | ||
| Q3 24 | $613.6M | $337.5M | ||
| Q2 24 | $593.4M | $320.6M |
净利润ARLPCTOS
| Q1 26 | $10.7M | $-17.8M | ||
| Q4 25 | $82.7M | $20.9M | ||
| Q3 25 | $95.1M | $-5.8M | ||
| Q2 25 | $59.4M | $-28.4M | ||
| Q1 25 | $74.0M | $-17.8M | ||
| Q4 24 | $16.3M | $27.6M | ||
| Q3 24 | $86.3M | $-17.4M | ||
| Q2 24 | $100.2M | $-24.5M |
毛利率ARLPCTOS
| Q1 26 | — | 20.3% | ||
| Q4 25 | — | 31.8% | ||
| Q3 25 | — | 28.0% | ||
| Q2 25 | — | 26.1% | ||
| Q1 25 | — | 27.9% | ||
| Q4 24 | — | 29.7% | ||
| Q3 24 | — | 27.2% | ||
| Q2 24 | — | 27.8% |
营业利润率ARLPCTOS
| Q1 26 | 4.2% | 2.9% | ||
| Q4 25 | 18.2% | 13.4% | ||
| Q3 25 | 18.4% | 9.1% | ||
| Q2 25 | 16.2% | 7.1% | ||
| Q1 25 | 17.4% | 4.0% | ||
| Q4 24 | 2.6% | 16.9% | ||
| Q3 24 | 16.5% | 6.8% | ||
| Q2 24 | 19.8% | 5.5% |
净利率ARLPCTOS
| Q1 26 | 2.1% | -4.2% | ||
| Q4 25 | 15.4% | 5.4% | ||
| Q3 25 | 16.6% | -1.6% | ||
| Q2 25 | 10.9% | -7.2% | ||
| Q1 25 | 13.7% | -5.8% | ||
| Q4 24 | 2.8% | 6.9% | ||
| Q3 24 | 14.1% | -5.2% | ||
| Q2 24 | 16.9% | -7.6% |
每股收益（稀释后）ARLPCTOS
| Q1 26 | — | $-0.08 | ||
| Q4 25 | — | $0.10 | ||
| Q3 25 | — | $-0.03 | ||
| Q2 25 | — | $-0.13 | ||
| Q1 25 | — | $-0.08 | ||
| Q4 24 | — | $0.11 | ||
| Q3 24 | — | $-0.07 | ||
| Q2 24 | — | $-0.10 |
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 | $6.3M |
| 总债务越低越好 | — | $25.9M |
| 股东权益账面价值 | — | $809.1M |
| 总资产 | $2.9B | $3.4B |
| 负债/权益比越低杠杆越低 | — | 0.03× |
8季度趋势，按日历期对齐
现金及短期投资ARLPCTOS
| Q1 26 | $28.9M | $6.3M | ||
| Q4 25 | $71.2M | $6.3M | ||
| Q3 25 | $94.5M | $13.1M | ||
| Q2 25 | $55.0M | $5.3M | ||
| Q1 25 | $81.3M | $5.4M | ||
| Q4 24 | $137.0M | $3.8M | ||
| Q3 24 | $195.4M | $8.4M | ||
| Q2 24 | $203.7M | $8.1M |
总债务ARLPCTOS
| Q1 26 | — | $25.9M | ||
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.5B |
股东权益ARLPCTOS
| Q1 26 | — | $809.1M | ||
| Q4 25 | — | $809.1M | ||
| Q3 25 | — | $784.7M | ||
| Q2 25 | — | $790.1M | ||
| Q1 25 | — | $813.4M | ||
| Q4 24 | — | $861.3M | ||
| Q3 24 | — | $837.5M | ||
| Q2 24 | — | $856.7M |
总资产ARLPCTOS
| Q1 26 | $2.9B | $3.4B | ||
| Q4 25 | $2.9B | $3.4B | ||
| Q3 25 | $2.9B | $3.5B | ||
| Q2 25 | $2.9B | $3.6B | ||
| Q1 25 | $2.9B | $3.5B | ||
| Q4 24 | $2.9B | $3.5B | ||
| Q3 24 | $3.0B | $3.6B | ||
| Q2 24 | $3.1B | $3.5B |
负债/权益比ARLPCTOS
| Q1 26 | — | 0.03× | ||
| Q4 25 | — | 2.03× | ||
| Q3 25 | — | 2.10× | ||
| Q2 25 | — | 2.04× | ||
| Q1 25 | — | 1.97× | ||
| Q4 24 | — | 1.77× | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 1.79× |
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 | — | — |
| 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% | — |
| 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ARLPCTOS
| Q1 26 | — | — | ||
| Q4 25 | $143.9M | $47.3M | ||
| Q3 25 | $209.9M | $81.5M | ||
| Q2 25 | $151.7M | $125.7M | ||
| Q1 25 | $145.7M | $55.6M | ||
| Q4 24 | $168.4M | $82.1M | ||
| Q3 24 | $209.3M | $16.5M | ||
| Q2 24 | $215.8M | $37.8M |
自由现金流ARLPCTOS
| Q1 26 | $13.3M | — | ||
| Q4 25 | $99.1M | — | ||
| Q3 25 | $145.2M | — | ||
| Q2 25 | $84.7M | — | ||
| Q1 25 | $58.9M | — | ||
| Q4 24 | $75.3M | — | ||
| Q3 24 | $99.0M | — | ||
| Q2 24 | $114.3M | — |
自由现金流率ARLPCTOS
| Q1 26 | 2.6% | — | ||
| Q4 25 | 18.5% | — | ||
| Q3 25 | 25.4% | — | ||
| Q2 25 | 15.5% | — | ||
| Q1 25 | 10.9% | — | ||
| Q4 24 | 12.8% | — | ||
| Q3 24 | 16.1% | — | ||
| Q2 24 | 19.3% | — |
资本支出强度ARLPCTOS
| Q1 26 | 18.5% | — | ||
| Q4 25 | 8.4% | — | ||
| Q3 25 | 11.3% | — | ||
| Q2 25 | 12.2% | — | ||
| Q1 25 | 16.1% | — | ||
| Q4 24 | 15.8% | — | ||
| Q3 24 | 18.0% | — | ||
| Q2 24 | 17.1% | — |
现金转化率ARLPCTOS
| Q1 26 | — | — | ||
| Q4 25 | 1.74× | 2.27× | ||
| Q3 25 | 2.21× | — | ||
| Q2 25 | 2.55× | — | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | 10.31× | 2.98× | ||
| 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% |
CTOS
| Equipment sales | $273.9M | 65% |
| Rental revenue | $116.3M | 28% |
| Parts sales and services | $32.1M | 8% |
