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ALLIANCE RESOURCE PARTNERS LP（ARLP）与ESCO TECHNOLOGIES INC（ESE）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ESCO TECHNOLOGIES INC的1.8倍（$516.0M vs $289.7M），ESCO TECHNOLOGIES INC净利率更高（9.9% vs 2.1%，领先7.8%），ESCO TECHNOLOGIES INC同比增速更快（17.3% vs -3.6%），ESCO TECHNOLOGIES INC自由现金流更多（$63.0M vs $13.3M），过去两年ESCO TECHNOLOGIES INC的营收复合增速更高（7.8% 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。
ESCO是来自新加坡的品牌，专注于实验室领域相关产品及服务的研发、生产与销售，可为各类科研、检测及工业实验室提供适配的产品解决方案与配套支持，产品广泛应用于生命科学、医疗健康、工业检测等多个领域。
ARLP vs ESE — 直观对比
营收规模更大
ARLP
是对方的1.8倍
$289.7M
营收增速更快
ESE
高出20.9%
-3.6%
净利率更高
ESE
高出7.8%
2.1%
自由现金流更多
ESE
多$49.7M
$13.3M
两年增速更快
ESE
近两年复合增速
-6.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $289.7M |
| 净利润 | $10.7M | $28.7M |
| 毛利率 | — | 41.4% |
| 营业利润率 | 4.2% | 13.2% |
| 净利率 | 2.1% | 9.9% |
| 营收同比 | -3.6% | 17.3% |
| 净利润同比 | — | 22.2% |
| 每股收益（稀释后） | — | $1.11 |
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ARLPESE
| Q1 26 | $516.0M | — | ||
| Q4 25 | $535.5M | $289.7M | ||
| Q3 25 | $571.4M | $286.5M | ||
| Q2 25 | $547.5M | $296.3M | ||
| Q1 25 | $540.5M | $265.5M | ||
| Q4 24 | $590.1M | $247.0M | ||
| Q3 24 | $613.6M | $298.5M | ||
| Q2 24 | $593.4M | $260.8M |
净利润ARLPESE
| Q1 26 | $10.7M | — | ||
| Q4 25 | $82.7M | $28.7M | ||
| Q3 25 | $95.1M | $218.7M | ||
| Q2 25 | $59.4M | $26.1M | ||
| Q1 25 | $74.0M | $31.0M | ||
| Q4 24 | $16.3M | $23.5M | ||
| Q3 24 | $86.3M | $34.3M | ||
| Q2 24 | $100.2M | $29.2M |
毛利率ARLPESE
| Q1 26 | — | — | ||
| Q4 25 | — | 41.4% | ||
| Q3 25 | — | 45.9% | ||
| Q2 25 | — | 41.2% | ||
| Q1 25 | — | 41.1% | ||
| Q4 24 | — | 39.8% | ||
| Q3 24 | — | 40.1% | ||
| Q2 24 | — | 39.6% |
营业利润率ARLPESE
| Q1 26 | 4.2% | — | ||
| Q4 25 | 18.2% | 13.2% | ||
| Q3 25 | 18.4% | 17.2% | ||
| Q2 25 | 16.2% | 11.2% | ||
| Q1 25 | 17.4% | 15.3% | ||
| Q4 24 | 2.6% | 11.4% | ||
| Q3 24 | 16.5% | 14.8% | ||
| Q2 24 | 19.8% | 14.3% |
净利率ARLPESE
| Q1 26 | 2.1% | — | ||
| Q4 25 | 15.4% | 9.9% | ||
| Q3 25 | 16.6% | 76.3% | ||
| Q2 25 | 10.9% | 8.8% | ||
| Q1 25 | 13.7% | 11.7% | ||
| Q4 24 | 2.8% | 9.5% | ||
| Q3 24 | 14.1% | 11.5% | ||
| Q2 24 | 16.9% | 11.2% |
每股收益（稀释后）ARLPESE
| Q1 26 | — | — | ||
| Q4 25 | — | $1.11 | ||
| Q3 25 | — | $8.43 | ||
| Q2 25 | — | $1.01 | ||
| Q1 25 | — | $1.20 | ||
| Q4 24 | — | $0.91 | ||
| Q3 24 | — | $1.32 | ||
| Q2 24 | — | $1.13 |
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 | $103.8M |
| 总债务越低越好 | — | $145.5M |
| 股东权益账面价值 | — | $1.6B |
| 总资产 | $2.9B | $2.4B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资ARLPESE
| Q1 26 | $28.9M | — | ||
| Q4 25 | $71.2M | $103.8M | ||
| Q3 25 | $94.5M | $101.3M | ||
| Q2 25 | $55.0M | $78.7M | ||
| Q1 25 | $81.3M | $57.4M | ||
| Q4 24 | $137.0M | $71.3M | ||
| Q3 24 | $195.4M | $66.0M | ||
| Q2 24 | $203.7M | $63.0M |
总债务ARLPESE
| Q1 26 | — | — | ||
| Q4 25 | — | $145.5M | ||
| Q3 25 | — | $186.0M | ||
| Q2 25 | — | $525.0M | ||
| Q1 25 | — | $88.0M | ||
| Q4 24 | — | $112.0M | ||
| Q3 24 | — | $122.0M | ||
| Q2 24 | — | $173.0M |
股东权益ARLPESE
| Q1 26 | — | — | ||
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B |
总资产ARLPESE
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $2.4B | ||
| Q3 25 | $2.9B | $2.4B | ||
| Q2 25 | $2.9B | $2.5B | ||
| Q1 25 | $2.9B | $1.8B | ||
| Q4 24 | $2.9B | $1.8B | ||
| Q3 24 | $3.0B | $1.8B | ||
| Q2 24 | $3.1B | $1.8B |
负债/权益比ARLPESE
| Q1 26 | — | — | ||
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.07× | ||
| Q4 24 | — | 0.09× | ||
| Q3 24 | — | 0.10× | ||
| Q2 24 | — | 0.14× |
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 | — | $68.9M |
| 自由现金流经营现金流 - 资本支出 | $13.3M | $63.0M |
| 自由现金流率自由现金流/营收 | 2.6% | 21.7% |
| 资本支出强度资本支出/营收 | 18.5% | 2.0% |
| 现金转化率经营现金流/净利润 | — | 2.40× |
| 过去12个月自由现金流最近4个季度 | $342.2M | $239.6M |
8季度趋势，按日历期对齐
经营现金流ARLPESE
| Q1 26 | — | — | ||
| Q4 25 | $143.9M | $68.9M | ||
| Q3 25 | $209.9M | $109.9M | ||
| Q2 25 | $151.7M | $73.7M | ||
| Q1 25 | $145.7M | $24.1M | ||
| Q4 24 | $168.4M | $34.2M | ||
| Q3 24 | $209.3M | $72.1M | ||
| Q2 24 | $215.8M | $36.2M |
自由现金流ARLPESE
| Q1 26 | $13.3M | — | ||
| Q4 25 | $99.1M | $63.0M | ||
| Q3 25 | $145.2M | $97.8M | ||
| Q2 25 | $84.7M | $64.9M | ||
| Q1 25 | $58.9M | $14.0M | ||
| Q4 24 | $75.3M | $29.0M | ||
| Q3 24 | $99.0M | $60.9M | ||
| Q2 24 | $114.3M | $27.6M |
自由现金流率ARLPESE
| Q1 26 | 2.6% | — | ||
| Q4 25 | 18.5% | 21.7% | ||
| Q3 25 | 25.4% | 34.1% | ||
| Q2 25 | 15.5% | 21.9% | ||
| Q1 25 | 10.9% | 5.3% | ||
| Q4 24 | 12.8% | 11.7% | ||
| Q3 24 | 16.1% | 20.4% | ||
| Q2 24 | 19.3% | 10.6% |
资本支出强度ARLPESE
| Q1 26 | 18.5% | — | ||
| Q4 25 | 8.4% | 2.0% | ||
| Q3 25 | 11.3% | 4.2% | ||
| Q2 25 | 12.2% | 3.0% | ||
| Q1 25 | 16.1% | 3.8% | ||
| Q4 24 | 15.8% | 2.1% | ||
| Q3 24 | 18.0% | 3.8% | ||
| Q2 24 | 17.1% | 3.3% |
现金转化率ARLPESE
| Q1 26 | — | — | ||
| Q4 25 | 1.74× | 2.40× | ||
| Q3 25 | 2.21× | 0.50× | ||
| Q2 25 | 2.55× | 2.83× | ||
| Q1 25 | 1.97× | 0.78× | ||
| Q4 24 | 10.31× | 1.46× | ||
| Q3 24 | 2.43× | 2.10× | ||
| Q2 24 | 2.15× | 1.24× |
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% |
ESE
| US Government | $98.0M | 34% |
| Utility Solutions Group | $87.5M | 30% |
| RF Shielding And Test | $58.3M | 20% |
| Commercial | $45.8M | 16% |
| Related Party | $1.3M | 0% |
