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ALLIANCE RESOURCE PARTNERS LP（ARLP）与INTERPARFUMS INC（IPAR）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INTERPARFUMS INC的1.3倍（$516.0M vs $386.2M），INTERPARFUMS INC净利率更高（7.3% vs 2.1%，领先5.2%），INTERPARFUMS INC同比增速更快（6.8% vs -3.6%），INTERPARFUMS INC自由现金流更多（$145.0M vs $13.3M），过去两年INTERPARFUMS INC的营收复合增速更高（9.2% 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。
Inter Parfums Inc是全球知名的高端香水企业，开发、生产并销售多款授权香水、身体护理及相关美妆产品，与多家顶级奢侈时尚生活方式品牌合作推出联名香氛系列，产品覆盖全球主要市场，通过百货、美妆专营店及官方电商渠道触达消费者。
ARLP vs IPAR — 直观对比
营收规模更大
ARLP
是对方的1.3倍
$386.2M
营收增速更快
IPAR
高出10.5%
-3.6%
净利率更高
IPAR
高出5.2%
2.1%
自由现金流更多
IPAR
多$131.7M
$13.3M
两年增速更快
IPAR
近两年复合增速
-6.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $386.2M |
| 净利润 | $10.7M | $28.1M |
| 毛利率 | — | 61.5% |
| 营业利润率 | 4.2% | 7.1% |
| 净利率 | 2.1% | 7.3% |
| 营收同比 | -3.6% | 6.8% |
| 净利润同比 | — | 16.0% |
| 每股收益（稀释后） | — | $0.88 |
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ARLPIPAR
| Q1 26 | $516.0M | — | ||
| Q4 25 | $535.5M | $386.2M | ||
| Q3 25 | $571.4M | $429.6M | ||
| Q2 25 | $547.5M | $333.9M | ||
| Q1 25 | $540.5M | $338.8M | ||
| Q4 24 | $590.1M | $361.5M | ||
| Q3 24 | $613.6M | $424.6M | ||
| Q2 24 | $593.4M | $342.2M |
净利润ARLPIPAR
| Q1 26 | $10.7M | — | ||
| Q4 25 | $82.7M | $28.1M | ||
| Q3 25 | $95.1M | $65.8M | ||
| Q2 25 | $59.4M | $32.0M | ||
| Q1 25 | $74.0M | $42.5M | ||
| Q4 24 | $16.3M | $24.2M | ||
| Q3 24 | $86.3M | $62.3M | ||
| Q2 24 | $100.2M | $36.8M |
毛利率ARLPIPAR
| Q1 26 | — | — | ||
| Q4 25 | — | 61.5% | ||
| Q3 25 | — | 63.5% | ||
| Q2 25 | — | 66.2% | ||
| Q1 25 | — | 63.7% | ||
| Q4 24 | — | 64.5% | ||
| Q3 24 | — | 63.9% | ||
| Q2 24 | — | 64.5% |
营业利润率ARLPIPAR
| Q1 26 | 4.2% | — | ||
| Q4 25 | 18.2% | 7.1% | ||
| Q3 25 | 18.4% | 25.3% | ||
| Q2 25 | 16.2% | 17.7% | ||
| Q1 25 | 17.4% | 22.2% | ||
| Q4 24 | 2.6% | 10.0% | ||
| Q3 24 | 16.5% | 25.0% | ||
| Q2 24 | 19.8% | 18.9% |
净利率ARLPIPAR
| Q1 26 | 2.1% | — | ||
| Q4 25 | 15.4% | 7.3% | ||
| Q3 25 | 16.6% | 15.3% | ||
| Q2 25 | 10.9% | 9.6% | ||
| Q1 25 | 13.7% | 12.5% | ||
| Q4 24 | 2.8% | 6.7% | ||
| Q3 24 | 14.1% | 14.7% | ||
| Q2 24 | 16.9% | 10.8% |
每股收益（稀释后）ARLPIPAR
| Q1 26 | — | — | ||
| Q4 25 | — | $0.88 | ||
| Q3 25 | — | $2.05 | ||
| Q2 25 | — | $0.99 | ||
| Q1 25 | — | $1.32 | ||
| Q4 24 | — | $0.78 | ||
| Q3 24 | — | $1.93 | ||
| Q2 24 | — | $1.14 |
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 | $137.1M |
| 总债务越低越好 | — | $176.0M |
| 股东权益账面价值 | — | $880.7M |
| 总资产 | $2.9B | $1.6B |
| 负债/权益比越低杠杆越低 | — | 0.20× |
8季度趋势，按日历期对齐
现金及短期投资ARLPIPAR
| Q1 26 | $28.9M | — | ||
| Q4 25 | $71.2M | $137.1M | ||
| Q3 25 | $94.5M | $77.5M | ||
| Q2 25 | $55.0M | $53.9M | ||
| Q1 25 | $81.3M | $75.3M | ||
| Q4 24 | $137.0M | $109.3M | ||
| Q3 24 | $195.4M | $78.8M | ||
| Q2 24 | $203.7M | $37.7M |
总债务ARLPIPAR
| Q1 26 | — | — | ||
| Q4 25 | — | $176.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $157.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ARLPIPAR
| Q1 26 | — | — | ||
| Q4 25 | — | $880.7M | ||
| Q3 25 | — | $870.9M | ||
| Q2 25 | — | $839.4M | ||
| Q1 25 | — | $788.6M | ||
| Q4 24 | — | $744.9M | ||
| Q3 24 | — | $778.5M | ||
| Q2 24 | — | $717.1M |
总资产ARLPIPAR
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $1.6B | ||
| Q3 25 | $2.9B | $1.6B | ||
| Q2 25 | $2.9B | $1.6B | ||
| Q1 25 | $2.9B | $1.4B | ||
| Q4 24 | $2.9B | $1.4B | ||
| Q3 24 | $3.0B | $1.5B | ||
| Q2 24 | $3.1B | $1.4B |
负债/权益比ARLPIPAR
| Q1 26 | — | — | ||
| Q4 25 | — | 0.20× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $146.5M |
| 自由现金流经营现金流 - 资本支出 | $13.3M | $145.0M |
| 自由现金流率自由现金流/营收 | 2.6% | 37.5% |
| 资本支出强度资本支出/营收 | 18.5% | 0.4% |
| 现金转化率经营现金流/净利润 | — | 5.21× |
| 过去12个月自由现金流最近4个季度 | $342.2M | $190.5M |
8季度趋势，按日历期对齐
经营现金流ARLPIPAR
| Q1 26 | — | — | ||
| Q4 25 | $143.9M | $146.5M | ||
| Q3 25 | $209.9M | $63.9M | ||
| Q2 25 | $151.7M | $11.9M | ||
| Q1 25 | $145.7M | $-7.4M | ||
| Q4 24 | $168.4M | $138.0M | ||
| Q3 24 | $209.3M | $76.1M | ||
| Q2 24 | $215.8M | $25.5M |
自由现金流ARLPIPAR
| Q1 26 | $13.3M | — | ||
| Q4 25 | $99.1M | $145.0M | ||
| Q3 25 | $145.2M | $57.6M | ||
| Q2 25 | $84.7M | $-3.3M | ||
| Q1 25 | $58.9M | $-8.8M | ||
| Q4 24 | $75.3M | $136.1M | ||
| Q3 24 | $99.0M | $75.4M | ||
| Q2 24 | $114.3M | $24.4M |
自由现金流率ARLPIPAR
| Q1 26 | 2.6% | — | ||
| Q4 25 | 18.5% | 37.5% | ||
| Q3 25 | 25.4% | 13.4% | ||
| Q2 25 | 15.5% | -1.0% | ||
| Q1 25 | 10.9% | -2.6% | ||
| Q4 24 | 12.8% | 37.7% | ||
| Q3 24 | 16.1% | 17.8% | ||
| Q2 24 | 19.3% | 7.1% |
资本支出强度ARLPIPAR
| Q1 26 | 18.5% | — | ||
| Q4 25 | 8.4% | 0.4% | ||
| Q3 25 | 11.3% | 1.5% | ||
| Q2 25 | 12.2% | 4.5% | ||
| Q1 25 | 16.1% | 0.4% | ||
| Q4 24 | 15.8% | 0.5% | ||
| Q3 24 | 18.0% | 0.2% | ||
| Q2 24 | 17.1% | 0.3% |
现金转化率ARLPIPAR
| Q1 26 | — | — | ||
| Q4 25 | 1.74× | 5.21× | ||
| Q3 25 | 2.21× | 0.97× | ||
| Q2 25 | 2.55× | 0.37× | ||
| Q1 25 | 1.97× | -0.17× | ||
| Q4 24 | 10.31× | 5.69× | ||
| Q3 24 | 2.43× | 1.22× | ||
| Q2 24 | 2.15× | 0.69× |
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% |
IPAR
| European Based Operations | $232.7M | 60% |
| United States Based Operations | $155.2M | 40% |
