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ALLIANCE RESOURCE PARTNERS LP（ARLP）与Life Time Group Holdings, Inc.（LTH）财务数据对比。点击上方公司名可切换其他公司
Life Time Group Holdings, Inc.的季度营收约是ALLIANCE RESOURCE PARTNERS LP的1.5倍（$788.7M vs $516.0M），Life Time Group Holdings, Inc.净利率更高（11.2% vs 2.1%，领先9.1%），Life Time Group Holdings, Inc.同比增速更快（11.7% vs -3.6%），ALLIANCE RESOURCE PARTNERS LP自由现金流更多（$13.3M vs $-61.2M），过去两年Life Time Group Holdings, Inc.的营收复合增速更高（8.7% 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。
Life Time Group Holdings是美国高端健身康养服务运营商，在全美运营连锁高端运动场馆，提供健身器材使用、团体课程、私教指导、SPA护理、营养咨询、青少年运动项目及联合办公等服务，服务于追求健康生活方式的消费群体。
ARLP vs LTH — 直观对比
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $788.7M |
| 净利润 | $10.7M | $88.1M |
| 毛利率 | — | — |
| 营业利润率 | 4.2% | 17.1% |
| 净利率 | 2.1% | 11.2% |
| 营收同比 | -3.6% | 11.7% |
| 净利润同比 | — | 15.8% |
| 每股收益（稀释后） | — | $0.39 |
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 | $788.7M | ||
| Q4 25 | $535.5M | $745.1M | ||
| Q3 25 | $571.4M | $782.6M | ||
| Q2 25 | $547.5M | $761.5M | ||
| Q1 25 | $540.5M | $706.0M | ||
| Q4 24 | $590.1M | $663.3M | ||
| Q3 24 | $613.6M | $693.2M | ||
| Q2 24 | $593.4M | $667.8M |
| Q1 26 | $10.7M | $88.1M | ||
| Q4 25 | $82.7M | $123.0M | ||
| Q3 25 | $95.1M | $102.4M | ||
| Q2 25 | $59.4M | $72.1M | ||
| Q1 25 | $74.0M | $76.1M | ||
| Q4 24 | $16.3M | $37.2M | ||
| Q3 24 | $86.3M | $41.4M | ||
| Q2 24 | $100.2M | $52.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 49.1% | ||
| Q3 25 | — | 47.1% | ||
| Q2 25 | — | 47.0% | ||
| Q1 25 | — | 47.5% | ||
| Q4 24 | — | 48.2% | ||
| Q3 24 | — | 46.5% | ||
| Q2 24 | — | 46.8% |
| Q1 26 | 4.2% | 17.1% | ||
| Q4 25 | 18.2% | 17.4% | ||
| Q3 25 | 18.4% | 17.3% | ||
| Q2 25 | 16.2% | 14.2% | ||
| Q1 25 | 17.4% | 15.2% | ||
| Q4 24 | 2.6% | 13.1% | ||
| Q3 24 | 16.5% | 13.5% | ||
| Q2 24 | 19.8% | 15.7% |
| Q1 26 | 2.1% | 11.2% | ||
| Q4 25 | 15.4% | 16.5% | ||
| Q3 25 | 16.6% | 13.1% | ||
| Q2 25 | 10.9% | 9.5% | ||
| Q1 25 | 13.7% | 10.8% | ||
| Q4 24 | 2.8% | 5.6% | ||
| Q3 24 | 14.1% | 6.0% | ||
| Q2 24 | 16.9% | 7.9% |
| Q1 26 | — | $0.39 | ||
| Q4 25 | — | $0.55 | ||
| Q3 25 | — | $0.45 | ||
| Q2 25 | — | $0.32 | ||
| Q1 25 | — | $0.34 | ||
| Q4 24 | — | $0.17 | ||
| Q3 24 | — | $0.19 | ||
| Q2 24 | — | $0.26 |
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 | $120.0M |
| 总债务越低越好 | — | $1.5B |
| 股东权益账面价值 | — | $3.2B |
| 总资产 | $2.9B | $8.1B |
| 负债/权益比越低杠杆越低 | — | 0.46× |
8季度趋势，按日历期对齐
| Q1 26 | $28.9M | $120.0M | ||
| Q4 25 | $71.2M | $204.8M | ||
| Q3 25 | $94.5M | $218.9M | ||
| Q2 25 | $55.0M | $175.5M | ||
| Q1 25 | $81.3M | $59.0M | ||
| Q4 24 | $137.0M | $10.9M | ||
| Q3 24 | $195.4M | $120.9M | ||
| Q2 24 | $203.7M | $34.5M |
| Q1 26 | — | $1.5B | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.8B |
| Q1 26 | — | $3.2B | ||
| Q4 25 | — | $3.1B | ||
| Q3 25 | — | $3.0B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | $2.4B |
| Q1 26 | $2.9B | $8.1B | ||
| Q4 25 | $2.9B | $8.0B | ||
| Q3 25 | $2.9B | $7.8B | ||
| Q2 25 | $2.9B | $7.6B | ||
| Q1 25 | $2.9B | $7.3B | ||
| Q4 24 | $2.9B | $7.2B | ||
| Q3 24 | $3.0B | $7.2B | ||
| Q2 24 | $3.1B | $7.1B |
| Q1 26 | — | 0.46× | ||
| Q4 25 | — | 0.48× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 0.53× | ||
| Q1 25 | — | 0.56× | ||
| Q4 24 | — | 0.59× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.78× |
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 | — | $198.8M |
| 自由现金流经营现金流 - 资本支出 | $13.3M | $-61.2M |
| 自由现金流率自由现金流/营收 | 2.6% | -7.8% |
| 资本支出强度资本支出/营收 | 18.5% | 26.0% |
| 现金转化率经营现金流/净利润 | — | 2.26× |
| 过去12个月自由现金流最近4个季度 | $342.2M | $-123.6M |
8季度趋势，按日历期对齐
| Q1 26 | — | $198.8M | ||
| Q4 25 | $143.9M | $239.9M | ||
| Q3 25 | $209.9M | $251.1M | ||
| Q2 25 | $151.7M | $195.7M | ||
| Q1 25 | $145.7M | $183.9M | ||
| Q4 24 | $168.4M | $163.1M | ||
| Q3 24 | $209.3M | $151.1M | ||
| Q2 24 | $215.8M | $170.4M |
| Q1 26 | $13.3M | $-61.2M | ||
| Q4 25 | $99.1M | $-64.6M | ||
| Q3 25 | $145.2M | $28.6M | ||
| Q2 25 | $84.7M | $-26.3M | ||
| Q1 25 | $58.9M | $41.4M | ||
| Q4 24 | $75.3M | $26.8M | ||
| Q3 24 | $99.0M | $64.0M | ||
| Q2 24 | $114.3M | $26.1M |
| Q1 26 | 2.6% | -7.8% | ||
| Q4 25 | 18.5% | -8.7% | ||
| Q3 25 | 25.4% | 3.7% | ||
| Q2 25 | 15.5% | -3.5% | ||
| Q1 25 | 10.9% | 5.9% | ||
| Q4 24 | 12.8% | 4.0% | ||
| Q3 24 | 16.1% | 9.2% | ||
| Q2 24 | 19.3% | 3.9% |
| Q1 26 | 18.5% | 26.0% | ||
| Q4 25 | 8.4% | 40.9% | ||
| Q3 25 | 11.3% | 28.4% | ||
| Q2 25 | 12.2% | 29.2% | ||
| Q1 25 | 16.1% | 20.2% | ||
| Q4 24 | 15.8% | 20.6% | ||
| Q3 24 | 18.0% | 12.6% | ||
| Q2 24 | 17.1% | 21.6% |
| Q1 26 | — | 2.26× | ||
| Q4 25 | 1.74× | 1.95× | ||
| Q3 25 | 2.21× | 2.45× | ||
| Q2 25 | 2.55× | 2.71× | ||
| Q1 25 | 1.97× | 2.41× | ||
| Q4 24 | 10.31× | 4.39× | ||
| Q3 24 | 2.43× | 3.65× | ||
| Q2 24 | 2.15× | 3.23× |
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% |
LTH
| Center revenue | $767.6M | 97% |
| Other revenue | $21.1M | 3% |
