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ALLIANCE RESOURCE PARTNERS LP（ARLP）与迈心诺（MASI）财务数据对比。点击上方公司名可切换其他公司
ALLIANCE RESOURCE PARTNERS LP的季度营收约是迈心诺的1.4倍（$516.0M vs $371.5M），ALLIANCE RESOURCE PARTNERS LP净利率更高（2.1% vs -27.0%，领先29.1%），ALLIANCE RESOURCE PARTNERS LP同比增速更快（-3.6% vs -26.4%），迈心诺自由现金流更多（$50.9M vs $13.3M），过去两年ALLIANCE RESOURCE PARTNERS LP的营收复合增速更高（-6.7% vs -17.7%）
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。
迈心诺（Masimo Corporation）是总部位于美国加利福尼亚州尔湾的健康科技及消费电子企业，核心产品包括面向医院及家用场景的患者监护设备、无创传感器及配套软件平台，同时也布局了消费级音频和可穿戴设备赛道。
ARLP vs MASI — 直观对比
营收规模更大
ARLP
是对方的1.4倍
$371.5M
营收增速更快
ARLP
高出22.7%
-26.4%
净利率更高
ARLP
高出29.1%
-27.0%
自由现金流更多
MASI
多$37.6M
$13.3M
两年增速更快
ARLP
近两年复合增速
-17.7%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $371.5M |
| 净利润 | $10.7M | $-100.4M |
| 毛利率 | — | 62.1% |
| 营业利润率 | 4.2% | 22.5% |
| 净利率 | 2.1% | -27.0% |
| 营收同比 | -3.6% | -26.4% |
| 净利润同比 | — | -1124.5% |
| 每股收益（稀释后） | — | $-1.84 |
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ARLPMASI
| Q1 26 | $516.0M | — | ||
| Q4 25 | $535.5M | — | ||
| Q3 25 | $571.4M | $371.5M | ||
| Q2 25 | $547.5M | $370.9M | ||
| Q1 25 | $540.5M | $372.0M | ||
| Q4 24 | $590.1M | $600.7M | ||
| Q3 24 | $613.6M | $504.6M | ||
| Q2 24 | $593.4M | $496.3M |
净利润ARLPMASI
| Q1 26 | $10.7M | — | ||
| Q4 25 | $82.7M | — | ||
| Q3 25 | $95.1M | $-100.4M | ||
| Q2 25 | $59.4M | $51.3M | ||
| Q1 25 | $74.0M | $-170.7M | ||
| Q4 24 | $16.3M | $-349.6M | ||
| Q3 24 | $86.3M | $9.8M | ||
| Q2 24 | $100.2M | $16.0M |
毛利率ARLPMASI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 62.1% | ||
| Q2 25 | — | 62.9% | ||
| Q1 25 | — | 62.9% | ||
| Q4 24 | — | 40.7% | ||
| Q3 24 | — | 52.2% | ||
| Q2 24 | — | 51.3% |
营业利润率ARLPMASI
| Q1 26 | 4.2% | — | ||
| Q4 25 | 18.2% | — | ||
| Q3 25 | 18.4% | 22.5% | ||
| Q2 25 | 16.2% | 17.4% | ||
| Q1 25 | 17.4% | 21.0% | ||
| Q4 24 | 2.6% | -59.8% | ||
| Q3 24 | 16.5% | 6.0% | ||
| Q2 24 | 19.8% | 5.7% |
净利率ARLPMASI
| Q1 26 | 2.1% | — | ||
| Q4 25 | 15.4% | — | ||
| Q3 25 | 16.6% | -27.0% | ||
| Q2 25 | 10.9% | 13.8% | ||
| Q1 25 | 13.7% | -45.9% | ||
| Q4 24 | 2.8% | -58.2% | ||
| Q3 24 | 14.1% | 1.9% | ||
| Q2 24 | 16.9% | 3.2% |
每股收益（稀释后）ARLPMASI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $-1.84 | ||
| Q2 25 | — | $0.94 | ||
| Q1 25 | — | $-3.12 | ||
| Q4 24 | — | $-6.54 | ||
| Q3 24 | — | $0.18 | ||
| Q2 24 | — | $0.29 |
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 | $312.3M |
| 总债务越低越好 | — | $559.1M |
| 股东权益账面价值 | — | $810.0M |
| 总资产 | $2.9B | $1.8B |
| 负债/权益比越低杠杆越低 | — | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资ARLPMASI
| Q1 26 | $28.9M | — | ||
| Q4 25 | $71.2M | — | ||
| Q3 25 | $94.5M | $312.3M | ||
| Q2 25 | $55.0M | $149.6M | ||
| Q1 25 | $81.3M | $130.8M | ||
| Q4 24 | $137.0M | $177.6M | ||
| Q3 24 | $195.4M | $158.5M | ||
| Q2 24 | $203.7M | $129.6M |
总债务ARLPMASI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $559.1M | ||
| Q2 25 | — | $613.7M | ||
| Q1 25 | — | $651.0M | ||
| Q4 24 | — | $765.2M | ||
| Q3 24 | — | $772.6M | ||
| Q2 24 | — | $781.6M |
股东权益ARLPMASI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $810.0M | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $946.4M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.4B |
总资产ARLPMASI
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.9B | $1.8B | ||
| Q2 25 | $2.9B | $2.4B | ||
| Q1 25 | $2.9B | $2.3B | ||
| Q4 24 | $2.9B | $2.6B | ||
| Q3 24 | $3.0B | $3.1B | ||
| Q2 24 | $3.1B | $2.9B |
负债/权益比ARLPMASI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.59× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.53× | ||
| Q2 24 | — | 0.57× |
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 | — | $56.8M |
| 自由现金流经营现金流 - 资本支出 | $13.3M | $50.9M |
| 自由现金流率自由现金流/营收 | 2.6% | 13.7% |
| 资本支出强度资本支出/营收 | 18.5% | 1.6% |
| 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 | $191.0M |
8季度趋势，按日历期对齐
经营现金流ARLPMASI
| Q1 26 | — | — | ||
| Q4 25 | $143.9M | — | ||
| Q3 25 | $209.9M | $56.8M | ||
| Q2 25 | $151.7M | $69.4M | ||
| Q1 25 | $145.7M | $31.1M | ||
| Q4 24 | $168.4M | $50.5M | ||
| Q3 24 | $209.3M | $25.6M | ||
| Q2 24 | $215.8M | $74.5M |
自由现金流ARLPMASI
| Q1 26 | $13.3M | — | ||
| Q4 25 | $99.1M | — | ||
| Q3 25 | $145.2M | $50.9M | ||
| Q2 25 | $84.7M | $65.6M | ||
| Q1 25 | $58.9M | $28.5M | ||
| Q4 24 | $75.3M | $46.0M | ||
| Q3 24 | $99.0M | $16.9M | ||
| Q2 24 | $114.3M | $66.9M |
自由现金流率ARLPMASI
| Q1 26 | 2.6% | — | ||
| Q4 25 | 18.5% | — | ||
| Q3 25 | 25.4% | 13.7% | ||
| Q2 25 | 15.5% | 17.7% | ||
| Q1 25 | 10.9% | 7.7% | ||
| Q4 24 | 12.8% | 7.7% | ||
| Q3 24 | 16.1% | 3.3% | ||
| Q2 24 | 19.3% | 13.5% |
资本支出强度ARLPMASI
| Q1 26 | 18.5% | — | ||
| Q4 25 | 8.4% | — | ||
| Q3 25 | 11.3% | 1.6% | ||
| Q2 25 | 12.2% | 1.0% | ||
| Q1 25 | 16.1% | 0.7% | ||
| Q4 24 | 15.8% | 0.7% | ||
| Q3 24 | 18.0% | 1.7% | ||
| Q2 24 | 17.1% | 1.5% |
现金转化率ARLPMASI
| Q1 26 | — | — | ||
| Q4 25 | 1.74× | — | ||
| Q3 25 | 2.21× | — | ||
| Q2 25 | 2.55× | 1.35× | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | 10.31× | — | ||
| Q3 24 | 2.43× | 2.61× | ||
| Q2 24 | 2.15× | 4.66× |
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% |
MASI
暂无分部数据
