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ALLIANCE RESOURCE PARTNERS LP（ARLP）与柯蒂斯-莱特（CW）财务数据对比。点击上方公司名可切换其他公司
柯蒂斯-莱特的季度营收约是ALLIANCE RESOURCE PARTNERS LP的1.8倍（$914.0M vs $516.0M），柯蒂斯-莱特净利率更高（14.0% vs 2.1%，领先11.9%），柯蒂斯-莱特同比增速更快（13.4% vs -3.6%），ALLIANCE RESOURCE PARTNERS LP自由现金流更多（$13.3M vs $-17.0M），过去两年柯蒂斯-莱特的营收复合增速更高（7.9% 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。
柯蒂斯-莱特公司是总部位于美国北卡罗来纳州戴维森的制造与服务提供商，在美国内外均设有工厂及业务网点。公司1929年由柯蒂斯、莱特及多家供应商合并成立，成立之初即为美国最大航空企业，二战期间为美军生产了超14.2万台航空发动机。
ARLP vs CW — 直观对比
营收规模更大
CW
是对方的1.8倍
$516.0M
营收增速更快
CW
高出17.0%
-3.6%
净利率更高
CW
高出11.9%
2.1%
自由现金流更多
ARLP
多$30.3M
$-17.0M
两年增速更快
CW
近两年复合增速
-6.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $914.0M |
| 净利润 | $10.7M | $128.2M |
| 毛利率 | — | 36.3% |
| 营业利润率 | 4.2% | 17.5% |
| 净利率 | 2.1% | 14.0% |
| 营收同比 | -3.6% | 13.4% |
| 净利润同比 | — | 26.5% |
| 每股收益（稀释后） | — | $3.46 |
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ARLPCW
| Q1 26 | $516.0M | $914.0M | ||
| Q4 25 | $535.5M | $947.0M | ||
| Q3 25 | $571.4M | $869.2M | ||
| Q2 25 | $547.5M | $876.6M | ||
| Q1 25 | $540.5M | $805.6M | ||
| Q4 24 | $590.1M | $824.3M | ||
| Q3 24 | $613.6M | $798.9M | ||
| Q2 24 | $593.4M | $784.8M |
净利润ARLPCW
| Q1 26 | $10.7M | $128.2M | ||
| Q4 25 | $82.7M | $137.0M | ||
| Q3 25 | $95.1M | $124.8M | ||
| Q2 25 | $59.4M | $121.1M | ||
| Q1 25 | $74.0M | $101.3M | ||
| Q4 24 | $16.3M | $117.9M | ||
| Q3 24 | $86.3M | $111.2M | ||
| Q2 24 | $100.2M | $99.5M |
毛利率ARLPCW
| Q1 26 | — | 36.3% | ||
| Q4 25 | — | 37.5% | ||
| Q3 25 | — | 37.7% | ||
| Q2 25 | — | 37.2% | ||
| Q1 25 | — | 36.3% | ||
| Q4 24 | — | 38.5% | ||
| Q3 24 | — | 37.3% | ||
| Q2 24 | — | 36.2% |
营业利润率ARLPCW
| Q1 26 | 4.2% | 17.5% | ||
| Q4 25 | 18.2% | 19.2% | ||
| Q3 25 | 18.4% | 19.1% | ||
| Q2 25 | 16.2% | 17.8% | ||
| Q1 25 | 17.4% | 16.0% | ||
| Q4 24 | 2.6% | 18.8% | ||
| Q3 24 | 16.5% | 18.1% | ||
| Q2 24 | 19.8% | 16.4% |
净利率ARLPCW
| Q1 26 | 2.1% | 14.0% | ||
| Q4 25 | 15.4% | 14.5% | ||
| Q3 25 | 16.6% | 14.4% | ||
| Q2 25 | 10.9% | 13.8% | ||
| Q1 25 | 13.7% | 12.6% | ||
| Q4 24 | 2.8% | 14.3% | ||
| Q3 24 | 14.1% | 13.9% | ||
| Q2 24 | 16.9% | 12.7% |
每股收益（稀释后）ARLPCW
| Q1 26 | — | $3.46 | ||
| Q4 25 | — | $3.69 | ||
| Q3 25 | — | $3.31 | ||
| Q2 25 | — | $3.19 | ||
| Q1 25 | — | $2.68 | ||
| Q4 24 | — | $3.09 | ||
| Q3 24 | — | $2.89 | ||
| Q2 24 | — | $2.58 |
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 | $343.4M |
| 总债务越低越好 | — | $757.6M |
| 股东权益账面价值 | — | $2.6B |
| 总资产 | $2.9B | $5.3B |
| 负债/权益比越低杠杆越低 | — | 0.29× |
8季度趋势，按日历期对齐
现金及短期投资ARLPCW
| Q1 26 | $28.9M | $343.4M | ||
| Q4 25 | $71.2M | — | ||
| Q3 25 | $94.5M | — | ||
| Q2 25 | $55.0M | — | ||
| Q1 25 | $81.3M | $226.5M | ||
| Q4 24 | $137.0M | $385.0M | ||
| Q3 24 | $195.4M | — | ||
| Q2 24 | $203.7M | — |
总债务ARLPCW
| Q1 26 | — | $757.6M | ||
| Q4 25 | — | $957.9M | ||
| Q3 25 | — | $968.6M | ||
| Q2 25 | — | $958.4M | ||
| Q1 25 | — | $958.6M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.0B |
股东权益ARLPCW
| Q1 26 | — | $2.6B | ||
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.5B | ||
| Q2 24 | — | $2.5B |
总资产ARLPCW
| Q1 26 | $2.9B | $5.3B | ||
| Q4 25 | $2.9B | $5.2B | ||
| Q3 25 | $2.9B | $5.1B | ||
| Q2 25 | $2.9B | $5.2B | ||
| Q1 25 | $2.9B | $5.0B | ||
| Q4 24 | $2.9B | $5.0B | ||
| Q3 24 | $3.0B | $4.9B | ||
| Q2 24 | $3.1B | $4.7B |
负债/权益比ARLPCW
| Q1 26 | — | 0.29× | ||
| Q4 25 | — | 0.38× | ||
| Q3 25 | — | 0.38× | ||
| Q2 25 | — | 0.35× | ||
| Q1 25 | — | 0.37× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.43× |
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 | $-17.0M |
| 自由现金流率自由现金流/营收 | 2.6% | -1.9% |
| 资本支出强度资本支出/营收 | 18.5% | 1.3% |
| 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 | $591.2M |
8季度趋势，按日历期对齐
经营现金流ARLPCW
| Q1 26 | — | — | ||
| Q4 25 | $143.9M | $352.7M | ||
| Q3 25 | $209.9M | $192.8M | ||
| Q2 25 | $151.7M | $136.6M | ||
| Q1 25 | $145.7M | $-38.8M | ||
| Q4 24 | $168.4M | $301.3M | ||
| Q3 24 | $209.3M | $177.3M | ||
| Q2 24 | $215.8M | $111.3M |
自由现金流ARLPCW
| Q1 26 | $13.3M | $-17.0M | ||
| Q4 25 | $99.1M | $315.1M | ||
| Q3 25 | $145.2M | $175.9M | ||
| Q2 25 | $84.7M | $117.2M | ||
| Q1 25 | $58.9M | $-54.5M | ||
| Q4 24 | $75.3M | $278.0M | ||
| Q3 24 | $99.0M | $162.7M | ||
| Q2 24 | $114.3M | $100.3M |
自由现金流率ARLPCW
| Q1 26 | 2.6% | -1.9% | ||
| Q4 25 | 18.5% | 33.3% | ||
| Q3 25 | 25.4% | 20.2% | ||
| Q2 25 | 15.5% | 13.4% | ||
| Q1 25 | 10.9% | -6.8% | ||
| Q4 24 | 12.8% | 33.7% | ||
| Q3 24 | 16.1% | 20.4% | ||
| Q2 24 | 19.3% | 12.8% |
资本支出强度ARLPCW
| Q1 26 | 18.5% | 1.3% | ||
| Q4 25 | 8.4% | 4.0% | ||
| Q3 25 | 11.3% | 1.9% | ||
| Q2 25 | 12.2% | 2.2% | ||
| Q1 25 | 16.1% | 2.0% | ||
| Q4 24 | 15.8% | 2.8% | ||
| Q3 24 | 18.0% | 1.8% | ||
| Q2 24 | 17.1% | 1.4% |
现金转化率ARLPCW
| Q1 26 | — | — | ||
| Q4 25 | 1.74× | 2.57× | ||
| Q3 25 | 2.21× | 1.54× | ||
| Q2 25 | 2.55× | 1.13× | ||
| Q1 25 | 1.97× | -0.38× | ||
| Q4 24 | 10.31× | 2.56× | ||
| Q3 24 | 2.43× | 1.59× | ||
| Q2 24 | 2.15× | 1.12× |
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% |
CW
暂无分部数据
