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ALLIANCE RESOURCE PARTNERS LP（ARLP）与Lucid Group, Inc.（LCID）财务数据对比。点击上方公司名可切换其他公司
Lucid Group, Inc.的季度营收约是ALLIANCE RESOURCE PARTNERS LP的1.0倍（$522.7M vs $516.0M），ALLIANCE RESOURCE PARTNERS LP净利率更高（2.1% vs -155.7%，领先157.8%），Lucid Group, Inc.同比增速更快（122.9% vs -3.6%），ALLIANCE RESOURCE PARTNERS LP自由现金流更多（$13.3M vs $-1.2B），过去两年Lucid Group, Inc.的营收复合增速更高（74.0% 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。
Lucid Group, Inc.是总部位于美国加利福尼亚州纽瓦克的汽车科技企业，专注于电动汽车制造及先进电动汽车动力系统供应。2021年9月，公司在亚利桑那州卡萨格兰德的工厂开始生产Lucid Air豪华轿车，第二款车型Lucid Gravity SUV于2024年12月投产，同时也为阿斯顿·马丁等其他车企供应和研发动力总成技术。
ARLP vs LCID — 直观对比
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $522.7M |
| 净利润 | $10.7M | $-814.0M |
| 毛利率 | — | -80.7% |
| 营业利润率 | 4.2% | -203.7% |
| 净利率 | 2.1% | -155.7% |
| 营收同比 | -3.6% | 122.9% |
| 净利润同比 | — | -104.9% |
| 每股收益（稀释后） | — | $-8.26 |
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
| Q1 26 | $516.0M | — | ||
| Q4 25 | $535.5M | $522.7M | ||
| Q3 25 | $571.4M | $336.6M | ||
| Q2 25 | $547.5M | $259.4M | ||
| Q1 25 | $540.5M | $235.0M | ||
| Q4 24 | $590.1M | $234.5M | ||
| Q3 24 | $613.6M | $200.0M | ||
| Q2 24 | $593.4M | $200.6M |
| Q1 26 | $10.7M | — | ||
| Q4 25 | $82.7M | $-814.0M | ||
| Q3 25 | $95.1M | $-978.4M | ||
| Q2 25 | $59.4M | $-539.4M | ||
| Q1 25 | $74.0M | $-366.2M | ||
| Q4 24 | $16.3M | $-397.2M | ||
| Q3 24 | $86.3M | $-992.5M | ||
| Q2 24 | $100.2M | $-643.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | -80.7% | ||
| Q3 25 | — | -99.1% | ||
| Q2 25 | — | -105.0% | ||
| Q1 25 | — | -97.2% | ||
| Q4 24 | — | -89.0% | ||
| Q3 24 | — | -106.2% | ||
| Q2 24 | — | -134.5% |
| Q1 26 | 4.2% | — | ||
| Q4 25 | 18.2% | -203.7% | ||
| Q3 25 | 18.4% | -279.9% | ||
| Q2 25 | 16.2% | -309.5% | ||
| Q1 25 | 17.4% | -294.4% | ||
| Q4 24 | 2.6% | -312.6% | ||
| Q3 24 | 16.5% | -385.2% | ||
| Q2 24 | 19.8% | -392.6% |
| Q1 26 | 2.1% | — | ||
| Q4 25 | 15.4% | -155.7% | ||
| Q3 25 | 16.6% | -290.7% | ||
| Q2 25 | 10.9% | -207.9% | ||
| Q1 25 | 13.7% | -155.8% | ||
| Q4 24 | 2.8% | -169.4% | ||
| Q3 24 | 14.1% | -496.1% | ||
| Q2 24 | 16.9% | -320.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | $-8.26 | ||
| Q3 25 | — | $-3.31 | ||
| Q2 25 | — | $-0.28 | ||
| Q1 25 | — | $-0.24 | ||
| Q4 24 | — | $-0.20 | ||
| Q3 24 | — | $-0.41 | ||
| Q2 24 | — | $-0.34 |
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 | $1.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $717.3M |
| 总资产 | $2.9B | $8.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q1 26 | $28.9M | — | ||
| Q4 25 | $71.2M | $1.6B | ||
| Q3 25 | $94.5M | $2.3B | ||
| Q2 25 | $55.0M | $2.8B | ||
| Q1 25 | $81.3M | $3.6B | ||
| Q4 24 | $137.0M | $4.0B | ||
| Q3 24 | $195.4M | $3.5B | ||
| Q2 24 | $203.7M | $3.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | $717.3M | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $3.5B |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $8.4B | ||
| Q3 25 | $2.9B | $8.8B | ||
| Q2 25 | $2.9B | $8.9B | ||
| Q1 25 | $2.9B | $9.2B | ||
| Q4 24 | $2.9B | $9.6B | ||
| Q3 24 | $3.0B | $8.5B | ||
| Q2 24 | $3.1B | $8.2B |
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 | — | $-916.4M |
| 自由现金流经营现金流 - 资本支出 | $13.3M | $-1.2B |
| 自由现金流率自由现金流/营收 | 2.6% | -237.6% |
| 资本支出强度资本支出/营收 | 18.5% | 62.3% |
| 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 | $-3.8B |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $143.9M | $-916.4M | ||
| Q3 25 | $209.9M | $-756.6M | ||
| Q2 25 | $151.7M | $-830.2M | ||
| Q1 25 | $145.7M | $-428.6M | ||
| Q4 24 | $168.4M | $-533.1M | ||
| Q3 24 | $209.3M | $-462.8M | ||
| Q2 24 | $215.8M | $-507.0M |
| Q1 26 | $13.3M | — | ||
| Q4 25 | $99.1M | $-1.2B | ||
| Q3 25 | $145.2M | $-955.5M | ||
| Q2 25 | $84.7M | $-1.0B | ||
| Q1 25 | $58.9M | $-589.9M | ||
| Q4 24 | $75.3M | $-824.8M | ||
| Q3 24 | $99.0M | $-622.5M | ||
| Q2 24 | $114.3M | $-741.3M |
| Q1 26 | 2.6% | — | ||
| Q4 25 | 18.5% | -237.6% | ||
| Q3 25 | 25.4% | -283.9% | ||
| Q2 25 | 15.5% | -390.4% | ||
| Q1 25 | 10.9% | -251.0% | ||
| Q4 24 | 12.8% | -351.8% | ||
| Q3 24 | 16.1% | -311.2% | ||
| Q2 24 | 19.3% | -369.6% |
| Q1 26 | 18.5% | — | ||
| Q4 25 | 8.4% | 62.3% | ||
| Q3 25 | 11.3% | 59.1% | ||
| Q2 25 | 12.2% | 70.4% | ||
| Q1 25 | 16.1% | 68.6% | ||
| Q4 24 | 15.8% | 124.4% | ||
| Q3 24 | 18.0% | 79.8% | ||
| Q2 24 | 17.1% | 116.8% |
| 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% |
LCID
| LCNRV | $287.2M | 55% |
| Other | $80.4M | 15% |
| Related Party | $74.4M | 14% |
| Regulatory Credits | $34.2M | 7% |
| Warranty Provision | $26.2M | 5% |
| Sale And Leaseback Transactions | $15.2M | 3% |
| Other International | $5.0M | 1% |
