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ALLIANCE RESOURCE PARTNERS LP（ARLP）与Dave & Buster's Entertainment, Inc.（PLAY）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Dave & Buster's Entertainment, Inc.的1.2倍（$516.0M vs $448.2M），ALLIANCE RESOURCE PARTNERS LP净利率更高（2.1% vs -9.4%，领先11.5%），Dave & Buster's Entertainment, Inc.同比增速更快（-1.1% vs -3.6%），ALLIANCE RESOURCE PARTNERS LP自由现金流更多（$13.3M vs $-20.6M），过去两年ALLIANCE RESOURCE PARTNERS LP的营收复合增速更高（-6.7% vs -13.5%）
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。
戴夫与巴斯特娱乐是总部位于美国达拉斯的餐饮娱乐企业，旗下每家门店都配备全套服务餐厅、酒吧以及名为“百万美元 midway”的游戏游乐区。截至2024年2月，该公司共开设162家门店，其中美国本土158家，波多黎各和加拿大各设2家门店，主打餐饮与休闲娱乐融合的消费体验。
ARLP vs PLAY — 直观对比
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $448.2M |
| 净利润 | $10.7M | $-42.1M |
| 毛利率 | — | 85.8% |
| 营业利润率 | 4.2% | -3.6% |
| 净利率 | 2.1% | -9.4% |
| 营收同比 | -3.6% | -1.1% |
| 净利润同比 | — | -28.7% |
| 每股收益（稀释后） | — | $-1.22 |
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
| Q1 26 | $516.0M | — | ||
| Q4 25 | $535.5M | $448.2M | ||
| Q3 25 | $571.4M | $557.4M | ||
| Q2 25 | $547.5M | $567.7M | ||
| Q1 25 | $540.5M | $534.5M | ||
| Q4 24 | $590.1M | $453.0M | ||
| Q3 24 | $613.6M | $557.1M | ||
| Q2 24 | $593.4M | $588.1M |
| Q1 26 | $10.7M | — | ||
| Q4 25 | $82.7M | $-42.1M | ||
| Q3 25 | $95.1M | $11.4M | ||
| Q2 25 | $59.4M | $21.7M | ||
| Q1 25 | $74.0M | $9.3M | ||
| Q4 24 | $16.3M | $-32.7M | ||
| Q3 24 | $86.3M | $40.3M | ||
| Q2 24 | $100.2M | $41.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 85.8% | ||
| Q3 25 | — | 86.3% | ||
| Q2 25 | — | 85.5% | ||
| Q1 25 | — | 85.5% | ||
| Q4 24 | — | 85.0% | ||
| Q3 24 | — | 85.3% | ||
| Q2 24 | — | 85.2% |
| Q1 26 | 4.2% | — | ||
| Q4 25 | 18.2% | -3.6% | ||
| Q3 25 | 18.4% | 9.5% | ||
| Q2 25 | 16.2% | 11.1% | ||
| Q1 25 | 17.4% | 8.3% | ||
| Q4 24 | 2.6% | 1.4% | ||
| Q3 24 | 16.5% | 15.2% | ||
| Q2 24 | 19.8% | 14.5% |
| Q1 26 | 2.1% | — | ||
| Q4 25 | 15.4% | -9.4% | ||
| Q3 25 | 16.6% | 2.0% | ||
| Q2 25 | 10.9% | 3.8% | ||
| Q1 25 | 13.7% | 1.7% | ||
| Q4 24 | 2.8% | -7.2% | ||
| Q3 24 | 14.1% | 7.2% | ||
| Q2 24 | 16.9% | 7.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | $-1.22 | ||
| Q3 25 | — | $0.32 | ||
| Q2 25 | — | $0.62 | ||
| Q1 25 | — | $0.32 | ||
| Q4 24 | — | $-0.84 | ||
| Q3 24 | — | $0.99 | ||
| Q2 24 | — | $0.99 |
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 | $13.6M |
| 总债务越低越好 | — | $1.6B |
| 股东权益账面价值 | — | $130.8M |
| 总资产 | $2.9B | $4.1B |
| 负债/权益比越低杠杆越低 | — | 12.17× |
8季度趋势，按日历期对齐
| Q1 26 | $28.9M | — | ||
| Q4 25 | $71.2M | $13.6M | ||
| Q3 25 | $94.5M | $12.0M | ||
| Q2 25 | $55.0M | $11.9M | ||
| Q1 25 | $81.3M | $6.9M | ||
| Q4 24 | $137.0M | $8.6M | ||
| Q3 24 | $195.4M | $13.1M | ||
| Q2 24 | $203.7M | $32.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | $130.8M | ||
| Q3 25 | — | $166.2M | ||
| Q2 25 | — | $146.8M | ||
| Q1 25 | — | $145.8M | ||
| Q4 24 | — | $226.6M | ||
| Q3 24 | — | $284.4M | ||
| Q2 24 | — | $292.5M |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $4.1B | ||
| Q3 25 | $2.9B | $4.1B | ||
| Q2 25 | $2.9B | $4.1B | ||
| Q1 25 | $2.9B | $4.0B | ||
| Q4 24 | $2.9B | $3.9B | ||
| Q3 24 | $3.0B | $3.8B | ||
| Q2 24 | $3.1B | $3.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 12.17× | ||
| Q3 25 | — | 9.57× | ||
| Q2 25 | — | 10.98× | ||
| Q1 25 | — | 10.45× | ||
| Q4 24 | — | 6.58× | ||
| Q3 24 | — | 4.72× | ||
| Q2 24 | — | 4.58× |
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 | — | $58.0M |
| 自由现金流经营现金流 - 资本支出 | $13.3M | $-20.6M |
| 自由现金流率自由现金流/营收 | 2.6% | -4.6% |
| 资本支出强度资本支出/营收 | 18.5% | 17.5% |
| 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 | $-195.6M |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $143.9M | $58.0M | ||
| Q3 25 | $209.9M | $34.0M | ||
| Q2 25 | $151.7M | $95.8M | ||
| Q1 25 | $145.7M | $108.9M | ||
| Q4 24 | $168.4M | $-7.2M | ||
| Q3 24 | $209.3M | $101.8M | ||
| Q2 24 | $215.8M | $108.8M |
| Q1 26 | $13.3M | — | ||
| Q4 25 | $99.1M | $-20.6M | ||
| Q3 25 | $145.2M | $-55.2M | ||
| Q2 25 | $84.7M | $-58.8M | ||
| Q1 25 | $58.9M | $-61.0M | ||
| Q4 24 | $75.3M | $-138.4M | ||
| Q3 24 | $99.0M | $-14.3M | ||
| Q2 24 | $114.3M | $-4.2M |
| Q1 26 | 2.6% | — | ||
| Q4 25 | 18.5% | -4.6% | ||
| Q3 25 | 25.4% | -9.9% | ||
| Q2 25 | 15.5% | -10.4% | ||
| Q1 25 | 10.9% | -11.4% | ||
| Q4 24 | 12.8% | -30.6% | ||
| Q3 24 | 16.1% | -2.6% | ||
| Q2 24 | 19.3% | -0.7% |
| Q1 26 | 18.5% | — | ||
| Q4 25 | 8.4% | 17.5% | ||
| Q3 25 | 11.3% | 16.0% | ||
| Q2 25 | 12.2% | 27.2% | ||
| Q1 25 | 16.1% | 31.8% | ||
| Q4 24 | 15.8% | 29.0% | ||
| Q3 24 | 18.0% | 20.8% | ||
| Q2 24 | 17.1% | 19.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.74× | — | ||
| Q3 25 | 2.21× | 2.98× | ||
| Q2 25 | 2.55× | 4.41× | ||
| Q1 25 | 1.97× | 11.71× | ||
| Q4 24 | 10.31× | — | ||
| Q3 24 | 2.43× | 2.53× | ||
| Q2 24 | 2.15× | 2.63× |
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% |
PLAY
| Game Play Credit Usage | $273.1M | 61% |
| Food And Nonalcoholic Beverages | $115.1M | 26% |
| Alcoholic Beverage | $53.7M | 12% |
| Other Entertainment | $6.3M | 1% |
| Gift Card Revenue | $3.5M | 1% |
