vs
ALLIANCE RESOURCE PARTNERS LP（ARLP）与RBC Bearings INC（RBC）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RBC Bearings INC的1.1倍（$516.0M vs $461.6M），RBC Bearings INC净利率更高（14.6% vs 2.1%，领先12.5%），RBC Bearings INC同比增速更快（17.0% vs -3.6%），RBC Bearings INC自由现金流更多（$99.1M vs $13.3M），过去两年RBC Bearings INC的营收复合增速更高（5.6% 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。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
ARLP vs RBC — 直观对比
营收规模更大
ARLP
是对方的1.1倍
$461.6M
营收增速更快
RBC
高出20.7%
-3.6%
净利率更高
RBC
高出12.5%
2.1%
自由现金流更多
RBC
多$85.8M
$13.3M
两年增速更快
RBC
近两年复合增速
-6.7%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $461.6M |
| 净利润 | $10.7M | $67.4M |
| 毛利率 | — | 44.3% |
| 营业利润率 | 4.2% | 22.3% |
| 净利率 | 2.1% | 14.6% |
| 营收同比 | -3.6% | 17.0% |
| 净利润同比 | — | 16.4% |
| 每股收益（稀释后） | — | $2.13 |
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ARLPRBC
| Q1 26 | $516.0M | — | ||
| Q4 25 | $535.5M | $461.6M | ||
| Q3 25 | $571.4M | $455.3M | ||
| Q2 25 | $547.5M | $436.0M | ||
| Q1 25 | $540.5M | $437.7M | ||
| Q4 24 | $590.1M | $394.4M | ||
| Q3 24 | $613.6M | $397.9M | ||
| Q2 24 | $593.4M | $406.3M |
净利润ARLPRBC
| Q1 26 | $10.7M | — | ||
| Q4 25 | $82.7M | $67.4M | ||
| Q3 25 | $95.1M | $60.0M | ||
| Q2 25 | $59.4M | $68.5M | ||
| Q1 25 | $74.0M | $72.7M | ||
| Q4 24 | $16.3M | $57.9M | ||
| Q3 24 | $86.3M | $54.2M | ||
| Q2 24 | $100.2M | $61.4M |
毛利率ARLPRBC
| Q1 26 | — | — | ||
| Q4 25 | — | 44.3% | ||
| Q3 25 | — | 44.1% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 44.3% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 45.3% |
营业利润率ARLPRBC
| Q1 26 | 4.2% | — | ||
| Q4 25 | 18.2% | 22.3% | ||
| Q3 25 | 18.4% | 21.5% | ||
| Q2 25 | 16.2% | 23.2% | ||
| Q1 25 | 17.4% | 23.0% | ||
| Q4 24 | 2.6% | 21.7% | ||
| Q3 24 | 16.5% | 21.6% | ||
| Q2 24 | 19.8% | 24.0% |
净利率ARLPRBC
| Q1 26 | 2.1% | — | ||
| Q4 25 | 15.4% | 14.6% | ||
| Q3 25 | 16.6% | 13.2% | ||
| Q2 25 | 10.9% | 15.7% | ||
| Q1 25 | 13.7% | 16.6% | ||
| Q4 24 | 2.8% | 14.7% | ||
| Q3 24 | 14.1% | 13.6% | ||
| Q2 24 | 16.9% | 15.1% |
每股收益（稀释后）ARLPRBC
| Q1 26 | — | — | ||
| Q4 25 | — | $2.13 | ||
| Q3 25 | — | $1.90 | ||
| Q2 25 | — | $2.17 | ||
| Q1 25 | — | $2.33 | ||
| Q4 24 | — | $1.82 | ||
| Q3 24 | — | $1.65 | ||
| Q2 24 | — | $1.90 |
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 | $107.6M |
| 总债务越低越好 | — | $990.2M |
| 股东权益账面价值 | — | $3.3B |
| 总资产 | $2.9B | $5.1B |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资ARLPRBC
| Q1 26 | $28.9M | — | ||
| Q4 25 | $71.2M | $107.6M | ||
| Q3 25 | $94.5M | $91.2M | ||
| Q2 25 | $55.0M | $132.9M | ||
| Q1 25 | $81.3M | $36.8M | ||
| Q4 24 | $137.0M | — | ||
| Q3 24 | $195.4M | — | ||
| Q2 24 | $203.7M | $76.8M |
总债务ARLPRBC
| Q1 26 | — | — | ||
| Q4 25 | — | $990.2M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $915.6M | ||
| Q1 25 | — | $920.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ARLPRBC
| Q1 26 | — | — | ||
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.8B |
总资产ARLPRBC
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $5.1B | ||
| Q3 25 | $2.9B | $5.1B | ||
| Q2 25 | $2.9B | $4.8B | ||
| Q1 25 | $2.9B | $4.7B | ||
| Q4 24 | $2.9B | $4.7B | ||
| Q3 24 | $3.0B | $4.7B | ||
| Q2 24 | $3.1B | $4.7B |
负债/权益比ARLPRBC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $13.3M | $99.1M |
| 自由现金流率自由现金流/营收 | 2.6% | 21.5% |
| 资本支出强度资本支出/营收 | 18.5% | 5.0% |
| 现金转化率经营现金流/净利润 | — | 1.81× |
| 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ARLPRBC
| Q1 26 | — | — | ||
| Q4 25 | $143.9M | $122.1M | ||
| Q3 25 | $209.9M | $88.4M | ||
| Q2 25 | $151.7M | $120.0M | ||
| Q1 25 | $145.7M | — | ||
| Q4 24 | $168.4M | $84.0M | ||
| Q3 24 | $209.3M | — | ||
| Q2 24 | $215.8M | $97.4M |
自由现金流ARLPRBC
| Q1 26 | $13.3M | — | ||
| Q4 25 | $99.1M | $99.1M | ||
| Q3 25 | $145.2M | $71.7M | ||
| Q2 25 | $84.7M | $104.3M | ||
| Q1 25 | $58.9M | — | ||
| Q4 24 | $75.3M | $73.6M | ||
| Q3 24 | $99.0M | — | ||
| Q2 24 | $114.3M | $88.4M |
自由现金流率ARLPRBC
| Q1 26 | 2.6% | — | ||
| Q4 25 | 18.5% | 21.5% | ||
| Q3 25 | 25.4% | 15.7% | ||
| Q2 25 | 15.5% | 23.9% | ||
| Q1 25 | 10.9% | — | ||
| Q4 24 | 12.8% | 18.7% | ||
| Q3 24 | 16.1% | — | ||
| Q2 24 | 19.3% | 21.8% |
资本支出强度ARLPRBC
| Q1 26 | 18.5% | — | ||
| Q4 25 | 8.4% | 5.0% | ||
| Q3 25 | 11.3% | 3.7% | ||
| Q2 25 | 12.2% | 3.6% | ||
| Q1 25 | 16.1% | 3.2% | ||
| Q4 24 | 15.8% | 2.6% | ||
| Q3 24 | 18.0% | 4.1% | ||
| Q2 24 | 17.1% | 2.2% |
现金转化率ARLPRBC
| Q1 26 | — | — | ||
| Q4 25 | 1.74× | 1.81× | ||
| Q3 25 | 2.21× | 1.47× | ||
| Q2 25 | 2.55× | 1.75× | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | 10.31× | 1.45× | ||
| Q3 24 | 2.43× | — | ||
| Q2 24 | 2.15× | 1.59× |
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% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
