vs
ALLIANCE RESOURCE PARTNERS LP（ARLP）与伊萨（ESAB）财务数据对比。点击上方公司名可切换其他公司
伊萨的季度营收约是ALLIANCE RESOURCE PARTNERS LP的1.4倍（$745.6M vs $516.0M），伊萨净利率更高（6.6% vs 2.1%，领先4.5%），伊萨同比增速更快（9.9% vs -3.6%），过去两年伊萨的营收复合增速更高（4.0% 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。
ESAB（全称Elektriska Svetsnings-Aktiebolaget）是一家美国与瑞典合资的跨国工业企业，主营焊接、切割设备及配套耗材的研发、生产与销售，为全球制造业、基建等多领域客户提供专业可靠的工业解决方案，在全球工业市场拥有较高知名度。
ARLP vs ESAB — 直观对比
营收规模更大
ESAB
是对方的1.4倍
$516.0M
营收增速更快
ESAB
高出13.6%
-3.6%
净利率更高
ESAB
高出4.5%
2.1%
两年增速更快
ESAB
近两年复合增速
-6.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $745.6M |
| 净利润 | $10.7M | $49.2M |
| 毛利率 | — | 36.9% |
| 营业利润率 | 4.2% | 12.1% |
| 净利率 | 2.1% | 6.6% |
| 营收同比 | -3.6% | 9.9% |
| 净利润同比 | — | -29.3% |
| 每股收益（稀释后） | — | $0.78 |
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ARLPESAB
| Q1 26 | $516.0M | $745.6M | ||
| Q4 25 | $535.5M | $727.8M | ||
| Q3 25 | $571.4M | $715.6M | ||
| Q2 25 | $547.5M | $678.1M | ||
| Q1 25 | $540.5M | — | ||
| Q4 24 | $590.1M | $670.8M | ||
| Q3 24 | $613.6M | $673.3M | ||
| Q2 24 | $593.4M | $707.1M |
净利润ARLPESAB
| Q1 26 | $10.7M | $49.2M | ||
| Q4 25 | $82.7M | $54.8M | ||
| Q3 25 | $95.1M | $66.9M | ||
| Q2 25 | $59.4M | $67.4M | ||
| Q1 25 | $74.0M | — | ||
| Q4 24 | $16.3M | $53.7M | ||
| Q3 24 | $86.3M | $68.2M | ||
| Q2 24 | $100.2M | $82.9M |
毛利率ARLPESAB
| Q1 26 | — | 36.9% | ||
| Q4 25 | — | 37.0% | ||
| Q3 25 | — | 37.2% | ||
| Q2 25 | — | 37.6% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 38.5% | ||
| Q3 24 | — | 37.7% | ||
| Q2 24 | — | 38.2% |
营业利润率ARLPESAB
| Q1 26 | 4.2% | 12.1% | ||
| Q4 25 | 18.2% | 14.6% | ||
| Q3 25 | 18.4% | 15.2% | ||
| Q2 25 | 16.2% | 16.2% | ||
| Q1 25 | 17.4% | — | ||
| Q4 24 | 2.6% | 16.6% | ||
| Q3 24 | 16.5% | 15.7% | ||
| Q2 24 | 19.8% | 16.9% |
净利率ARLPESAB
| Q1 26 | 2.1% | 6.6% | ||
| Q4 25 | 15.4% | 7.5% | ||
| Q3 25 | 16.6% | 9.3% | ||
| Q2 25 | 10.9% | 9.9% | ||
| Q1 25 | 13.7% | — | ||
| Q4 24 | 2.8% | 8.0% | ||
| Q3 24 | 14.1% | 10.1% | ||
| Q2 24 | 16.9% | 11.7% |
每股收益（稀释后）ARLPESAB
| Q1 26 | — | $0.78 | ||
| Q4 25 | — | $0.90 | ||
| Q3 25 | — | $1.09 | ||
| Q2 25 | — | $1.10 | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0.87 | ||
| Q3 24 | — | $1.11 | ||
| Q2 24 | — | $1.35 |
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 | $1.0B |
| 总债务越低越好 | — | $2.0B |
| 股东权益账面价值 | — | $2.2B |
| 总资产 | $2.9B | $5.6B |
| 负债/权益比越低杠杆越低 | — | 0.91× |
8季度趋势，按日历期对齐
现金及短期投资ARLPESAB
| Q1 26 | $28.9M | $1.0B | ||
| Q4 25 | $71.2M | $218.2M | ||
| Q3 25 | $94.5M | $258.2M | ||
| Q2 25 | $55.0M | $291.3M | ||
| Q1 25 | $81.3M | — | ||
| Q4 24 | $137.0M | $249.4M | ||
| Q3 24 | $195.4M | $253.7M | ||
| Q2 24 | $203.7M | $228.5M |
总债务ARLPESAB
| Q1 26 | — | $2.0B | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B |
股东权益ARLPESAB
| Q1 26 | — | $2.2B | ||
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.7B |
总资产ARLPESAB
| Q1 26 | $2.9B | $5.6B | ||
| Q4 25 | $2.9B | $4.9B | ||
| Q3 25 | $2.9B | $4.4B | ||
| Q2 25 | $2.9B | $4.2B | ||
| Q1 25 | $2.9B | — | ||
| Q4 24 | $2.9B | $4.0B | ||
| Q3 24 | $3.0B | $4.1B | ||
| Q2 24 | $3.1B | $4.0B |
负债/权益比ARLPESAB
| Q1 26 | — | 0.91× | ||
| Q4 25 | — | 0.63× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 0.55× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | — | 0.59× | ||
| Q2 24 | — | 0.63× |
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 | — | $46.9M |
| 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% | — |
| 现金转化率经营现金流/净利润 | — | 0.95× |
| 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ARLPESAB
| Q1 26 | — | $46.9M | ||
| Q4 25 | $143.9M | $81.5M | ||
| Q3 25 | $209.9M | $46.6M | ||
| Q2 25 | $151.7M | $35.4M | ||
| Q1 25 | $145.7M | — | ||
| Q4 24 | $168.4M | $126.9M | ||
| Q3 24 | $209.3M | $101.0M | ||
| Q2 24 | $215.8M | $83.0M |
自由现金流ARLPESAB
| Q1 26 | $13.3M | — | ||
| Q4 25 | $99.1M | $70.3M | ||
| Q3 25 | $145.2M | $37.4M | ||
| Q2 25 | $84.7M | $28.1M | ||
| Q1 25 | $58.9M | — | ||
| Q4 24 | $75.3M | $102.2M | ||
| Q3 24 | $99.0M | $90.4M | ||
| Q2 24 | $114.3M | $74.0M |
自由现金流率ARLPESAB
| Q1 26 | 2.6% | — | ||
| Q4 25 | 18.5% | 9.7% | ||
| Q3 25 | 25.4% | 5.2% | ||
| Q2 25 | 15.5% | 4.1% | ||
| Q1 25 | 10.9% | — | ||
| Q4 24 | 12.8% | 15.2% | ||
| Q3 24 | 16.1% | 13.4% | ||
| Q2 24 | 19.3% | 10.5% |
资本支出强度ARLPESAB
| Q1 26 | 18.5% | — | ||
| Q4 25 | 8.4% | 1.5% | ||
| Q3 25 | 11.3% | 1.3% | ||
| Q2 25 | 12.2% | 1.1% | ||
| Q1 25 | 16.1% | — | ||
| Q4 24 | 15.8% | 3.7% | ||
| Q3 24 | 18.0% | 1.6% | ||
| Q2 24 | 17.1% | 1.3% |
现金转化率ARLPESAB
| Q1 26 | — | 0.95× | ||
| Q4 25 | 1.74× | 1.49× | ||
| Q3 25 | 2.21× | 0.70× | ||
| Q2 25 | 2.55× | 0.53× | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | 10.31× | 2.36× | ||
| Q3 24 | 2.43× | 1.48× | ||
| Q2 24 | 2.15× | 1.00× |
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% |
ESAB
暂无分部数据
