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ALLIANCE RESOURCE PARTNERS LP（ARLP）与Essex Property Trust（ESS）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Essex Property Trust的1.1倍（$516.0M vs $479.6M），Essex Property Trust净利率更高（17.9% vs 2.1%，领先15.8%），Essex Property Trust同比增速更快（5.5% vs -3.6%），过去两年Essex Property Trust的营收复合增速更高（6.0% 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。
Essex Property Trust是一家公开上市的房地产投资信托企业，重点布局美国西海岸优质不动产市场，核心投资标的为加利福尼亚州及西雅图大都会区的公寓类物业，在长租公寓的投资、运营及管理领域拥有深厚的行业积累与资源优势。
ARLP vs ESS — 直观对比
营收规模更大
ARLP
是对方的1.1倍
$479.6M
营收增速更快
ESS
高出9.2%
-3.6%
净利率更高
ESS
高出15.8%
2.1%
两年增速更快
ESS
近两年复合增速
-6.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $479.6M |
| 净利润 | $10.7M | $85.7M |
| 毛利率 | — | 70.0% |
| 营业利润率 | 4.2% | 31.7% |
| 净利率 | 2.1% | 17.9% |
| 营收同比 | -3.6% | 5.5% |
| 净利润同比 | — | -71.6% |
| 每股收益（稀释后） | — | $1.24 |
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ARLPESS
| Q1 26 | $516.0M | — | ||
| Q4 25 | $535.5M | $479.6M | ||
| Q3 25 | $571.4M | $473.3M | ||
| Q2 25 | $547.5M | $469.8M | ||
| Q1 25 | $540.5M | $464.6M | ||
| Q4 24 | $590.1M | $454.5M | ||
| Q3 24 | $613.6M | $450.7M | ||
| Q2 24 | $593.4M | $442.4M |
净利润ARLPESS
| Q1 26 | $10.7M | — | ||
| Q4 25 | $82.7M | $85.7M | ||
| Q3 25 | $95.1M | $172.7M | ||
| Q2 25 | $59.4M | $231.5M | ||
| Q1 25 | $74.0M | $212.8M | ||
| Q4 24 | $16.3M | $301.7M | ||
| Q3 24 | $86.3M | $125.5M | ||
| Q2 24 | $100.2M | $99.0M |
毛利率ARLPESS
| Q1 26 | — | — | ||
| Q4 25 | — | 70.0% | ||
| Q3 25 | — | 69.2% | ||
| Q2 25 | — | 70.7% | ||
| Q1 25 | — | 69.6% | ||
| Q4 24 | — | 70.0% | ||
| Q3 24 | — | 69.5% | ||
| Q2 24 | — | 70.8% |
营业利润率ARLPESS
| Q1 26 | 4.2% | — | ||
| Q4 25 | 18.2% | 31.7% | ||
| Q3 25 | 18.4% | 44.5% | ||
| Q2 25 | 16.2% | 59.5% | ||
| Q1 25 | 17.4% | 55.3% | ||
| Q4 24 | 2.6% | 67.0% | ||
| Q3 24 | 16.5% | 28.6% | ||
| Q2 24 | 19.8% | 31.1% |
净利率ARLPESS
| Q1 26 | 2.1% | — | ||
| Q4 25 | 15.4% | 17.9% | ||
| Q3 25 | 16.6% | 36.5% | ||
| Q2 25 | 10.9% | 49.3% | ||
| Q1 25 | 13.7% | 45.8% | ||
| Q4 24 | 2.8% | 66.4% | ||
| Q3 24 | 14.1% | 27.8% | ||
| Q2 24 | 16.9% | 22.4% |
每股收益（稀释后）ARLPESS
| Q1 26 | — | — | ||
| Q4 25 | — | $1.24 | ||
| Q3 25 | — | $2.56 | ||
| Q2 25 | — | $3.44 | ||
| Q1 25 | — | $3.16 | ||
| Q4 24 | — | $4.00 | ||
| Q3 24 | — | $1.84 | ||
| Q2 24 | — | $1.45 |
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 | $76.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $5.5B |
| 总资产 | $2.9B | $13.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ARLPESS
| Q1 26 | $28.9M | — | ||
| Q4 25 | $71.2M | $76.2M | ||
| Q3 25 | $94.5M | $66.0M | ||
| Q2 25 | $55.0M | $58.7M | ||
| Q1 25 | $81.3M | $98.7M | ||
| Q4 24 | $137.0M | $66.8M | ||
| Q3 24 | $195.4M | $71.3M | ||
| Q2 24 | $203.7M | $55.2M |
总债务ARLPESS
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $6.4B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $6.8B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.2B |
股东权益ARLPESS
| Q1 26 | — | — | ||
| Q4 25 | — | $5.5B | ||
| Q3 25 | — | $5.6B | ||
| Q2 25 | — | $5.6B | ||
| Q1 25 | — | $5.6B | ||
| Q4 24 | — | $5.5B | ||
| Q3 24 | — | $5.4B | ||
| Q2 24 | — | $5.5B |
总资产ARLPESS
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $13.2B | ||
| Q3 25 | $2.9B | $13.2B | ||
| Q2 25 | $2.9B | $13.2B | ||
| Q1 25 | $2.9B | $13.2B | ||
| Q4 24 | $2.9B | $12.9B | ||
| Q3 24 | $3.0B | $12.6B | ||
| Q2 24 | $3.1B | $12.5B |
负债/权益比ARLPESS
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.15× | ||
| Q2 25 | — | 1.14× | ||
| Q1 25 | — | 1.22× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.18× | ||
| Q2 24 | — | 1.13× |
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 | — | $1.1B |
| 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 | — | 12.53× |
| 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ARLPESS
| Q1 26 | — | — | ||
| Q4 25 | $143.9M | $1.1B | ||
| Q3 25 | $209.9M | $342.6M | ||
| Q2 25 | $151.7M | $216.1M | ||
| Q1 25 | $145.7M | $281.5M | ||
| Q4 24 | $168.4M | $1.1B | ||
| Q3 24 | $209.3M | $316.2M | ||
| Q2 24 | $215.8M | $218.9M |
自由现金流ARLPESS
| 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ARLPESS
| 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ARLPESS
| 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ARLPESS
| Q1 26 | — | — | ||
| Q4 25 | 1.74× | 12.53× | ||
| Q3 25 | 2.21× | 1.98× | ||
| Q2 25 | 2.55× | 0.93× | ||
| Q1 25 | 1.97× | 1.32× | ||
| Q4 24 | 10.31× | 3.54× | ||
| Q3 24 | 2.43× | 2.52× | ||
| Q2 24 | 2.15× | 2.21× |
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% |
ESS
暂无分部数据
