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ALLIANCE RESOURCE PARTNERS LP（ARLP）与化石集团（FOSL）财务数据对比。点击上方公司名可切换其他公司
ALLIANCE RESOURCE PARTNERS LP的季度营收约是化石集团的1.9倍（$516.0M vs $270.2M），ALLIANCE RESOURCE PARTNERS LP净利率更高（2.1% vs -14.8%，领先16.9%），ALLIANCE RESOURCE PARTNERS LP同比增速更快（-3.6% vs -21.1%），ALLIANCE RESOURCE PARTNERS LP自由现金流更多（$13.3M vs $-22.5M），过去两年ALLIANCE RESOURCE PARTNERS LP的营收复合增速更高（-6.7% vs -11.4%）
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。
化石集团是1984年成立的美国时尚设计制造企业，总部位于得克萨斯州理查森。集团旗下拥有Fossil、Relic、Michele Watch、Skagen、Zodiac Watches等多个品牌，同时也为宝马、彪马、阿玛尼、迈克高仕、DKNY等多个知名品牌代工生产授权配饰。
ARLP vs FOSL — 直观对比
营收规模更大
ARLP
是对方的1.9倍
$270.2M
营收增速更快
ARLP
高出17.4%
-21.1%
净利率更高
ARLP
高出16.9%
-14.8%
自由现金流更多
ARLP
多$35.8M
$-22.5M
两年增速更快
ARLP
近两年复合增速
-11.4%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $270.2M |
| 净利润 | $10.7M | $-40.0M |
| 毛利率 | — | 49.0% |
| 营业利润率 | 4.2% | -8.0% |
| 净利率 | 2.1% | -14.8% |
| 营收同比 | -3.6% | -21.1% |
| 净利润同比 | — | -257.8% |
| 每股收益（稀释后） | — | $-0.76 |
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ARLPFOSL
| Q1 26 | $516.0M | — | ||
| Q4 25 | $535.5M | $270.2M | ||
| Q3 25 | $571.4M | $220.4M | ||
| Q2 25 | $547.5M | $233.3M | ||
| Q1 25 | $540.5M | — | ||
| Q4 24 | $590.1M | $342.3M | ||
| Q3 24 | $613.6M | $287.8M | ||
| Q2 24 | $593.4M | $260.0M |
净利润ARLPFOSL
| Q1 26 | $10.7M | — | ||
| Q4 25 | $82.7M | $-40.0M | ||
| Q3 25 | $95.1M | $-2.1M | ||
| Q2 25 | $59.4M | $-17.9M | ||
| Q1 25 | $74.0M | — | ||
| Q4 24 | $16.3M | $-11.2M | ||
| Q3 24 | $86.3M | $-31.9M | ||
| Q2 24 | $100.2M | $-38.8M |
毛利率ARLPFOSL
| Q1 26 | — | — | ||
| Q4 25 | — | 49.0% | ||
| Q3 25 | — | 57.5% | ||
| Q2 25 | — | 61.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 53.9% | ||
| Q3 24 | — | 49.4% | ||
| Q2 24 | — | 52.6% |
营业利润率ARLPFOSL
| Q1 26 | 4.2% | — | ||
| Q4 25 | 18.2% | -8.0% | ||
| Q3 25 | 18.4% | 3.9% | ||
| Q2 25 | 16.2% | -2.9% | ||
| Q1 25 | 17.4% | — | ||
| Q4 24 | 2.6% | -4.8% | ||
| Q3 24 | 16.5% | -8.5% | ||
| Q2 24 | 19.8% | -13.1% |
净利率ARLPFOSL
| Q1 26 | 2.1% | — | ||
| Q4 25 | 15.4% | -14.8% | ||
| Q3 25 | 16.6% | -1.0% | ||
| Q2 25 | 10.9% | -7.7% | ||
| Q1 25 | 13.7% | — | ||
| Q4 24 | 2.8% | -3.3% | ||
| Q3 24 | 14.1% | -11.1% | ||
| Q2 24 | 16.9% | -14.9% |
每股收益（稀释后）ARLPFOSL
| Q1 26 | — | — | ||
| Q4 25 | — | $-0.76 | ||
| Q3 25 | — | $-0.04 | ||
| Q2 25 | — | $-0.33 | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-0.15 | ||
| Q3 24 | — | $-0.60 | ||
| Q2 24 | — | $-0.73 |
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 | $79.2M |
| 总债务越低越好 | — | $169.1M |
| 股东权益账面价值 | — | $112.6M |
| 总资产 | $2.9B | $701.0M |
| 负债/权益比越低杠杆越低 | — | 1.50× |
8季度趋势，按日历期对齐
现金及短期投资ARLPFOSL
| Q1 26 | $28.9M | — | ||
| Q4 25 | $71.2M | $79.2M | ||
| Q3 25 | $94.5M | $109.9M | ||
| Q2 25 | $55.0M | $78.3M | ||
| Q1 25 | $81.3M | — | ||
| Q4 24 | $137.0M | $123.6M | ||
| Q3 24 | $195.4M | $106.3M | ||
| Q2 24 | $203.7M | $104.9M |
总债务ARLPFOSL
| Q1 26 | — | — | ||
| Q4 25 | — | $169.1M | ||
| Q3 25 | — | $165.6M | ||
| Q2 25 | — | $167.2M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $162.7M | ||
| Q3 24 | — | $173.4M | ||
| Q2 24 | — | $156.5M |
股东权益ARLPFOSL
| Q1 26 | — | — | ||
| Q4 25 | — | $112.6M | ||
| Q3 25 | — | $150.3M | ||
| Q2 25 | — | $140.6M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $148.7M | ||
| Q3 24 | — | $164.4M | ||
| Q2 24 | — | $189.6M |
总资产ARLPFOSL
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $701.0M | ||
| Q3 25 | $2.9B | $704.5M | ||
| Q2 25 | $2.9B | $686.0M | ||
| Q1 25 | $2.9B | — | ||
| Q4 24 | $2.9B | $763.6M | ||
| Q3 24 | $3.0B | $812.4M | ||
| Q2 24 | $3.1B | $785.7M |
负债/权益比ARLPFOSL
| Q1 26 | — | — | ||
| Q4 25 | — | 1.50× | ||
| Q3 25 | — | 1.10× | ||
| Q2 25 | — | 1.19× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.09× | ||
| Q3 24 | — | 1.06× | ||
| Q2 24 | — | 0.83× |
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 | — | $-22.2M |
| 自由现金流经营现金流 - 资本支出 | $13.3M | $-22.5M |
| 自由现金流率自由现金流/营收 | 2.6% | -8.3% |
| 资本支出强度资本支出/营收 | 18.5% | 0.1% |
| 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 | $-46.0M |
8季度趋势，按日历期对齐
经营现金流ARLPFOSL
| Q1 26 | — | — | ||
| Q4 25 | $143.9M | $-22.2M | ||
| Q3 25 | $209.9M | $9.4M | ||
| Q2 25 | $151.7M | $-60.4M | ||
| Q1 25 | $145.7M | — | ||
| Q4 24 | $168.4M | $30.5M | ||
| Q3 24 | $209.3M | $-22.8M | ||
| Q2 24 | $215.8M | $38.4M |
自由现金流ARLPFOSL
| Q1 26 | $13.3M | — | ||
| Q4 25 | $99.1M | $-22.5M | ||
| Q3 25 | $145.2M | $8.6M | ||
| Q2 25 | $84.7M | $-60.6M | ||
| Q1 25 | $58.9M | — | ||
| Q4 24 | $75.3M | $28.5M | ||
| Q3 24 | $99.0M | $-24.1M | ||
| Q2 24 | $114.3M | $36.6M |
自由现金流率ARLPFOSL
| Q1 26 | 2.6% | — | ||
| Q4 25 | 18.5% | -8.3% | ||
| Q3 25 | 25.4% | 3.9% | ||
| Q2 25 | 15.5% | -26.0% | ||
| Q1 25 | 10.9% | — | ||
| Q4 24 | 12.8% | 8.3% | ||
| Q3 24 | 16.1% | -8.4% | ||
| Q2 24 | 19.3% | 14.1% |
资本支出强度ARLPFOSL
| Q1 26 | 18.5% | — | ||
| Q4 25 | 8.4% | 0.1% | ||
| Q3 25 | 11.3% | 0.4% | ||
| Q2 25 | 12.2% | 0.1% | ||
| Q1 25 | 16.1% | — | ||
| Q4 24 | 15.8% | 0.6% | ||
| Q3 24 | 18.0% | 0.4% | ||
| Q2 24 | 17.1% | 0.7% |
现金转化率ARLPFOSL
| Q1 26 | — | — | ||
| Q4 25 | 1.74× | — | ||
| Q3 25 | 2.21× | — | ||
| Q2 25 | 2.55× | — | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | 10.31× | — | ||
| 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% |
FOSL
| Transferred At Point In Time | $109.7M | 41% |
| Traditional Watches | $91.3M | 34% |
| Other | $50.8M | 19% |
| Leathers | $9.5M | 4% |
| Jewelry | $4.0M | 1% |
| Smartwatches | $3.3M | 1% |
| Products Other | $1.6M | 1% |
