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ALLIANCE RESOURCE PARTNERS LP（ARLP）与OSI SYSTEMS INC（OSIS）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OSI SYSTEMS INC的1.1倍（$516.0M vs $464.1M），OSI SYSTEMS INC净利率更高（8.3% vs 2.1%，领先6.3%），OSI SYSTEMS INC同比增速更快（10.5% vs -3.6%），OSI SYSTEMS INC自由现金流更多（$55.5M vs $13.3M），过去两年OSI SYSTEMS INC的营收复合增速更高（7.0% 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。
OSI系统公司是总部位于美国加利福尼亚州的企业，主营安全检测系统、医疗设备及光电器件三大业务板块，产品涵盖机场安检X光机、金属探测器、医疗监护与麻醉系统等，旗下拥有Spacelabs Healthcare、Rapiscan Systems、OSI Optoelectronics等子公司，全球员工规模约3180人。
ARLP vs OSIS — 直观对比
营收规模更大
ARLP
是对方的1.1倍
$464.1M
营收增速更快
OSIS
高出14.2%
-3.6%
净利率更高
OSIS
高出6.3%
2.1%
自由现金流更多
OSIS
多$42.2M
$13.3M
两年增速更快
OSIS
近两年复合增速
-6.7%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $464.1M |
| 净利润 | $10.7M | $38.7M |
| 毛利率 | — | 32.7% |
| 营业利润率 | 4.2% | 12.7% |
| 净利率 | 2.1% | 8.3% |
| 营收同比 | -3.6% | 10.5% |
| 净利润同比 | — | 2.3% |
| 每股收益（稀释后） | — | $2.22 |
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ARLPOSIS
| Q1 26 | $516.0M | — | ||
| Q4 25 | $535.5M | $464.1M | ||
| Q3 25 | $571.4M | $384.6M | ||
| Q2 25 | $547.5M | $505.0M | ||
| Q1 25 | $540.5M | $444.4M | ||
| Q4 24 | $590.1M | $419.8M | ||
| Q3 24 | $613.6M | $344.0M | ||
| Q2 24 | $593.4M | $480.9M |
净利润ARLPOSIS
| Q1 26 | $10.7M | — | ||
| Q4 25 | $82.7M | $38.7M | ||
| Q3 25 | $95.1M | $20.6M | ||
| Q2 25 | $59.4M | $52.7M | ||
| Q1 25 | $74.0M | $41.1M | ||
| Q4 24 | $16.3M | $37.8M | ||
| Q3 24 | $86.3M | $17.9M | ||
| Q2 24 | $100.2M | $44.7M |
毛利率ARLPOSIS
| Q1 26 | — | — | ||
| Q4 25 | — | 32.7% | ||
| Q3 25 | — | 32.0% | ||
| Q2 25 | — | 33.3% | ||
| Q1 25 | — | 33.8% | ||
| Q4 24 | — | 35.1% | ||
| Q3 24 | — | 35.3% | ||
| Q2 24 | — | 32.1% |
营业利润率ARLPOSIS
| Q1 26 | 4.2% | — | ||
| Q4 25 | 18.2% | 12.7% | ||
| Q3 25 | 18.4% | 8.6% | ||
| Q2 25 | 16.2% | 14.5% | ||
| Q1 25 | 17.4% | 12.7% | ||
| Q4 24 | 2.6% | 13.8% | ||
| Q3 24 | 16.5% | 8.8% | ||
| Q2 24 | 19.8% | 13.1% |
净利率ARLPOSIS
| Q1 26 | 2.1% | — | ||
| Q4 25 | 15.4% | 8.3% | ||
| Q3 25 | 16.6% | 5.3% | ||
| Q2 25 | 10.9% | 10.4% | ||
| Q1 25 | 13.7% | 9.3% | ||
| Q4 24 | 2.8% | 9.0% | ||
| Q3 24 | 14.1% | 5.2% | ||
| Q2 24 | 16.9% | 9.3% |
每股收益（稀释后）ARLPOSIS
| Q1 26 | — | — | ||
| Q4 25 | — | $2.22 | ||
| Q3 25 | — | $1.18 | ||
| Q2 25 | — | $3.04 | ||
| Q1 25 | — | $2.40 | ||
| Q4 24 | — | $2.22 | ||
| Q3 24 | — | $1.05 | ||
| Q2 24 | — | $2.57 |
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 | $336.7M |
| 总债务越低越好 | — | $1.0B |
| 股东权益账面价值 | — | $845.5M |
| 总资产 | $2.9B | $2.5B |
| 负债/权益比越低杠杆越低 | — | 1.19× |
8季度趋势，按日历期对齐
现金及短期投资ARLPOSIS
| Q1 26 | $28.9M | — | ||
| Q4 25 | $71.2M | $336.7M | ||
| Q3 25 | $94.5M | $124.4M | ||
| Q2 25 | $55.0M | $106.4M | ||
| Q1 25 | $81.3M | $95.8M | ||
| Q4 24 | $137.0M | $101.6M | ||
| Q3 24 | $195.4M | $85.1M | ||
| Q2 24 | $203.7M | $95.4M |
总债务ARLPOSIS
| Q1 26 | — | — | ||
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $442.2M | ||
| Q2 25 | — | $471.6M | ||
| Q1 25 | — | $473.2M | ||
| Q4 24 | — | $474.8M | ||
| Q3 24 | — | $476.3M | ||
| Q2 24 | — | $137.6M |
股东权益ARLPOSIS
| Q1 26 | — | — | ||
| Q4 25 | — | $845.5M | ||
| Q3 25 | — | $946.0M | ||
| Q2 25 | — | $951.1M | ||
| Q1 25 | — | $879.3M | ||
| Q4 24 | — | $825.8M | ||
| Q3 24 | — | $786.5M | ||
| Q2 24 | — | $863.5M |
总资产ARLPOSIS
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $2.5B | ||
| Q3 25 | $2.9B | $2.3B | ||
| Q2 25 | $2.9B | $2.2B | ||
| Q1 25 | $2.9B | $2.1B | ||
| Q4 24 | $2.9B | $2.1B | ||
| Q3 24 | $3.0B | $2.1B | ||
| Q2 24 | $3.1B | $1.9B |
负债/权益比ARLPOSIS
| Q1 26 | — | — | ||
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.54× | ||
| Q4 24 | — | 0.57× | ||
| Q3 24 | — | 0.61× | ||
| Q2 24 | — | 0.16× |
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 | — | $62.2M |
| 自由现金流经营现金流 - 资本支出 | $13.3M | $55.5M |
| 自由现金流率自由现金流/营收 | 2.6% | 12.0% |
| 资本支出强度资本支出/营收 | 18.5% | 1.4% |
| 现金转化率经营现金流/净利润 | — | 1.61× |
| 过去12个月自由现金流最近4个季度 | $342.2M | $137.2M |
8季度趋势，按日历期对齐
经营现金流ARLPOSIS
| Q1 26 | — | — | ||
| Q4 25 | $143.9M | $62.2M | ||
| Q3 25 | $209.9M | $17.1M | ||
| Q2 25 | $151.7M | $562.0K | ||
| Q1 25 | $145.7M | $81.6M | ||
| Q4 24 | $168.4M | $52.5M | ||
| Q3 24 | $209.3M | $-37.2M | ||
| Q2 24 | $215.8M | $-29.0M |
自由现金流ARLPOSIS
| Q1 26 | $13.3M | — | ||
| Q4 25 | $99.1M | $55.5M | ||
| Q3 25 | $145.2M | $10.1M | ||
| Q2 25 | $84.7M | $-5.6M | ||
| Q1 25 | $58.9M | $77.1M | ||
| Q4 24 | $75.3M | $47.1M | ||
| Q3 24 | $99.0M | $-44.9M | ||
| Q2 24 | $114.3M | $-37.5M |
自由现金流率ARLPOSIS
| Q1 26 | 2.6% | — | ||
| Q4 25 | 18.5% | 12.0% | ||
| Q3 25 | 25.4% | 2.6% | ||
| Q2 25 | 15.5% | -1.1% | ||
| Q1 25 | 10.9% | 17.4% | ||
| Q4 24 | 12.8% | 11.2% | ||
| Q3 24 | 16.1% | -13.0% | ||
| Q2 24 | 19.3% | -7.8% |
资本支出强度ARLPOSIS
| Q1 26 | 18.5% | — | ||
| Q4 25 | 8.4% | 1.4% | ||
| Q3 25 | 11.3% | 1.8% | ||
| Q2 25 | 12.2% | 1.2% | ||
| Q1 25 | 16.1% | 1.0% | ||
| Q4 24 | 15.8% | 1.3% | ||
| Q3 24 | 18.0% | 2.2% | ||
| Q2 24 | 17.1% | 1.8% |
现金转化率ARLPOSIS
| Q1 26 | — | — | ||
| Q4 25 | 1.74× | 1.61× | ||
| Q3 25 | 2.21× | 0.83× | ||
| Q2 25 | 2.55× | 0.01× | ||
| Q1 25 | 1.97× | 1.98× | ||
| Q4 24 | 10.31× | 1.39× | ||
| Q3 24 | 2.43× | -2.07× | ||
| Q2 24 | 2.15× | -0.65× |
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% |
OSIS
| Security Division | $334.7M | 72% |
| Optoelectronics And Manufacturing Division | $92.8M | 20% |
| Healthcare Division | $36.5M | 8% |
