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ALLIANCE RESOURCE PARTNERS LP（ARLP）与PROSPERITY BANCSHARES INC（PB）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PROSPERITY BANCSHARES INC的1.4倍（$516.0M vs $367.6M），PROSPERITY BANCSHARES INC净利率更高（31.6% vs 2.1%，领先29.5%），过去两年PROSPERITY BANCSHARES INC的营收复合增速更高（19.2% 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。
Prosperity Bancshares Inc.是总部位于美国得克萨斯州休斯顿的银行控股公司，业务覆盖得克萨斯州及俄克拉荷马州中部。截至2019年12月31日，公司共运营285家分支机构，广泛分布在休斯顿、达拉斯-沃斯堡都会区及得州南部、东部、中部、西部等区域。
ARLP vs PB — 直观对比
营收规模更大
ARLP
是对方的1.4倍
$367.6M
净利率更高
PB
高出29.5%
2.1%
两年增速更快
PB
近两年复合增速
-6.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $367.6M |
| 净利润 | $10.7M | $116.3M |
| 毛利率 | — | — |
| 营业利润率 | 4.2% | — |
| 净利率 | 2.1% | 31.6% |
| 营收同比 | -3.6% | — |
| 净利润同比 | — | -10.7% |
| 每股收益（稀释后） | — | $1.16 |
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ARLPPB
| Q1 26 | $516.0M | $367.6M | ||
| Q4 25 | $535.5M | $275.0M | ||
| Q3 25 | $571.4M | $273.4M | ||
| Q2 25 | $547.5M | $267.7M | ||
| Q1 25 | $540.5M | $265.4M | ||
| Q4 24 | $590.1M | $267.8M | ||
| Q3 24 | $613.6M | $261.7M | ||
| Q2 24 | $593.4M | $258.8M |
净利润ARLPPB
| Q1 26 | $10.7M | $116.3M | ||
| Q4 25 | $82.7M | $139.9M | ||
| Q3 25 | $95.1M | $137.6M | ||
| Q2 25 | $59.4M | $135.2M | ||
| Q1 25 | $74.0M | $130.2M | ||
| Q4 24 | $16.3M | $130.1M | ||
| Q3 24 | $86.3M | $127.3M | ||
| Q2 24 | $100.2M | $111.6M |
营业利润率ARLPPB
| Q1 26 | 4.2% | — | ||
| Q4 25 | 18.2% | 65.1% | ||
| Q3 25 | 18.4% | 64.4% | ||
| Q2 25 | 16.2% | 64.3% | ||
| Q1 25 | 17.4% | 62.7% | ||
| Q4 24 | 2.6% | 62.0% | ||
| Q3 24 | 16.5% | 62.1% | ||
| Q2 24 | 19.8% | 55.2% |
净利率ARLPPB
| Q1 26 | 2.1% | 31.6% | ||
| Q4 25 | 15.4% | 50.9% | ||
| Q3 25 | 16.6% | 50.3% | ||
| Q2 25 | 10.9% | 50.5% | ||
| Q1 25 | 13.7% | 49.1% | ||
| Q4 24 | 2.8% | 48.6% | ||
| Q3 24 | 14.1% | 48.6% | ||
| Q2 24 | 16.9% | 43.1% |
每股收益（稀释后）ARLPPB
| Q1 26 | — | $1.16 | ||
| Q4 25 | — | $1.48 | ||
| Q3 25 | — | $1.45 | ||
| Q2 25 | — | $1.42 | ||
| Q1 25 | — | $1.37 | ||
| Q4 24 | — | $1.36 | ||
| Q3 24 | — | $1.34 | ||
| Q2 24 | — | $1.17 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $8.2B |
| 总资产 | $2.9B | $43.6B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ARLPPB
| Q1 26 | $28.9M | — | ||
| Q4 25 | $71.2M | — | ||
| Q3 25 | $94.5M | — | ||
| Q2 25 | $55.0M | — | ||
| Q1 25 | $81.3M | — | ||
| Q4 24 | $137.0M | — | ||
| Q3 24 | $195.4M | — | ||
| Q2 24 | $203.7M | — |
股东权益ARLPPB
| Q1 26 | — | $8.2B | ||
| Q4 25 | — | $7.6B | ||
| Q3 25 | — | $7.7B | ||
| Q2 25 | — | $7.6B | ||
| Q1 25 | — | $7.5B | ||
| Q4 24 | — | $7.4B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $7.3B |
总资产ARLPPB
| Q1 26 | $2.9B | $43.6B | ||
| Q4 25 | $2.9B | $38.5B | ||
| Q3 25 | $2.9B | $38.3B | ||
| Q2 25 | $2.9B | $38.4B | ||
| Q1 25 | $2.9B | $38.8B | ||
| Q4 24 | $2.9B | $39.6B | ||
| Q3 24 | $3.0B | $40.1B | ||
| Q2 24 | $3.1B | $39.8B |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | $13.3M | — |
| 自由现金流率自由现金流/营收 | 2.6% | — |
| 资本支出强度资本支出/营收 | 18.5% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流ARLPPB
| Q1 26 | — | — | ||
| Q4 25 | $143.9M | $78.3M | ||
| Q3 25 | $209.9M | $194.8M | ||
| Q2 25 | $151.7M | $98.2M | ||
| Q1 25 | $145.7M | $178.2M | ||
| Q4 24 | $168.4M | $-205.8M | ||
| Q3 24 | $209.3M | $274.6M | ||
| Q2 24 | $215.8M | $216.5M |
自由现金流ARLPPB
| Q1 26 | $13.3M | — | ||
| Q4 25 | $99.1M | $68.5M | ||
| Q3 25 | $145.2M | $185.7M | ||
| Q2 25 | $84.7M | $91.8M | ||
| Q1 25 | $58.9M | $171.1M | ||
| Q4 24 | $75.3M | $-210.7M | ||
| Q3 24 | $99.0M | $270.2M | ||
| Q2 24 | $114.3M | $211.8M |
自由现金流率ARLPPB
| Q1 26 | 2.6% | — | ||
| Q4 25 | 18.5% | 24.9% | ||
| Q3 25 | 25.4% | 67.9% | ||
| Q2 25 | 15.5% | 34.3% | ||
| Q1 25 | 10.9% | 64.5% | ||
| Q4 24 | 12.8% | -78.7% | ||
| Q3 24 | 16.1% | 103.3% | ||
| Q2 24 | 19.3% | 81.8% |
资本支出强度ARLPPB
| Q1 26 | 18.5% | — | ||
| Q4 25 | 8.4% | 3.6% | ||
| Q3 25 | 11.3% | 3.3% | ||
| Q2 25 | 12.2% | 2.4% | ||
| Q1 25 | 16.1% | 2.7% | ||
| Q4 24 | 15.8% | 1.8% | ||
| Q3 24 | 18.0% | 1.7% | ||
| Q2 24 | 17.1% | 1.8% |
现金转化率ARLPPB
| Q1 26 | — | — | ||
| Q4 25 | 1.74× | 0.56× | ||
| Q3 25 | 2.21× | 1.42× | ||
| Q2 25 | 2.55× | 0.73× | ||
| Q1 25 | 1.97× | 1.37× | ||
| Q4 24 | 10.31× | -1.58× | ||
| Q3 24 | 2.43× | 2.16× | ||
| Q2 24 | 2.15× | 1.94× |
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% |
PB
| Net Interest Income | $321.1M | 87% |
| Noninterest Income | $46.5M | 13% |
