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ALLIANCE RESOURCE PARTNERS LP（ARLP）与Rithm Capital Corp.（RITM）财务数据对比。点击上方公司名可切换其他公司
Rithm Capital Corp.的季度营收约是ALLIANCE RESOURCE PARTNERS LP的1.6倍（$828.2M vs $516.0M），Rithm Capital Corp.净利率更高（13.2% vs 2.1%，领先11.1%），ALLIANCE RESOURCE PARTNERS LP同比增速更快（-3.6% vs -40.0%），过去两年ALLIANCE RESOURCE PARTNERS LP的营收复合增速更高（-6.7% vs -17.9%）
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。
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
ARLP vs RITM — 直观对比
营收规模更大
RITM
是对方的1.6倍
$516.0M
营收增速更快
ARLP
高出36.4%
-40.0%
净利率更高
RITM
高出11.1%
2.1%
两年增速更快
ARLP
近两年复合增速
-17.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $828.2M |
| 净利润 | $10.7M | $109.5M |
| 毛利率 | — | — |
| 营业利润率 | 4.2% | — |
| 净利率 | 2.1% | 13.2% |
| 营收同比 | -3.6% | -40.0% |
| 净利润同比 | — | 20.9% |
| 每股收益（稀释后） | — | $0.12 |
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ARLPRITM
| Q1 26 | $516.0M | $828.2M | ||
| Q4 25 | $535.5M | $1.5B | ||
| Q3 25 | $571.4M | $1.1B | ||
| Q2 25 | $547.5M | $1.2B | ||
| Q1 25 | $540.5M | $768.4M | ||
| Q4 24 | $590.1M | $2.1B | ||
| Q3 24 | $613.6M | $619.5M | ||
| Q2 24 | $593.4M | $1.2B |
净利润ARLPRITM
| Q1 26 | $10.7M | $109.5M | ||
| Q4 25 | $82.7M | $85.0M | ||
| Q3 25 | $95.1M | $221.5M | ||
| Q2 25 | $59.4M | $311.7M | ||
| Q1 25 | $74.0M | $78.8M | ||
| Q4 24 | $16.3M | $290.2M | ||
| Q3 24 | $86.3M | $121.7M | ||
| Q2 24 | $100.2M | $235.6M |
营业利润率ARLPRITM
| Q1 26 | 4.2% | — | ||
| Q4 25 | 18.2% | 13.8% | ||
| Q3 25 | 18.4% | 21.4% | ||
| Q2 25 | 16.2% | 25.2% | ||
| Q1 25 | 17.4% | 7.4% | ||
| Q4 24 | 2.6% | 23.8% | ||
| Q3 24 | 16.5% | 7.3% | ||
| Q2 24 | 19.8% | 23.6% |
净利率ARLPRITM
| Q1 26 | 2.1% | 13.2% | ||
| Q4 25 | 15.4% | 5.7% | ||
| Q3 25 | 16.6% | 20.0% | ||
| Q2 25 | 10.9% | 25.6% | ||
| Q1 25 | 13.7% | 10.3% | ||
| Q4 24 | 2.8% | 14.0% | ||
| Q3 24 | 14.1% | 19.7% | ||
| Q2 24 | 16.9% | 19.2% |
每股收益（稀释后）ARLPRITM
| Q1 26 | — | $0.12 | ||
| Q4 25 | — | $0.09 | ||
| Q3 25 | — | $0.35 | ||
| Q2 25 | — | $0.53 | ||
| Q1 25 | — | $0.07 | ||
| Q4 24 | — | $0.50 | ||
| Q3 24 | — | $0.20 | ||
| Q2 24 | — | $0.43 |
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 | — | $9.1B |
| 总资产 | $2.9B | $53.4B |
| 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ARLPRITM
| Q1 26 | $28.9M | — | ||
| Q4 25 | $71.2M | $1.8B | ||
| Q3 25 | $94.5M | $1.6B | ||
| Q2 25 | $55.0M | $1.6B | ||
| Q1 25 | $81.3M | $1.5B | ||
| Q4 24 | $137.0M | $1.5B | ||
| Q3 24 | $195.4M | $1.6B | ||
| Q2 24 | $203.7M | $1.2B |
总债务ARLPRITM
| Q1 26 | — | — | ||
| Q4 25 | — | $35.4B | ||
| Q3 25 | — | $32.2B | ||
| Q2 25 | — | $31.2B | ||
| Q1 25 | — | $32.2B | ||
| Q4 24 | — | $32.6B | ||
| Q3 24 | — | $29.6B | ||
| Q2 24 | — | $30.1B |
股东权益ARLPRITM
| Q1 26 | — | $9.1B | ||
| Q4 25 | — | $8.4B | ||
| Q3 25 | — | $8.5B | ||
| Q2 25 | — | $7.9B | ||
| Q1 25 | — | $7.8B | ||
| Q4 24 | — | $7.8B | ||
| Q3 24 | — | $7.7B | ||
| Q2 24 | — | $7.3B |
总资产ARLPRITM
| Q1 26 | $2.9B | $53.4B | ||
| Q4 25 | $2.9B | $53.1B | ||
| Q3 25 | $2.9B | $47.2B | ||
| Q2 25 | $2.9B | $44.3B | ||
| Q1 25 | $2.9B | $45.3B | ||
| Q4 24 | $2.9B | $46.0B | ||
| Q3 24 | $3.0B | $42.3B | ||
| Q2 24 | $3.1B | $42.0B |
负债/权益比ARLPRITM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.20× | ||
| Q3 25 | — | 3.79× | ||
| Q2 25 | — | 3.92× | ||
| Q1 25 | — | 4.14× | ||
| Q4 24 | — | 4.18× | ||
| Q3 24 | — | 3.87× | ||
| Q2 24 | — | 4.10× |
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ARLPRITM
| Q1 26 | — | — | ||
| Q4 25 | $143.9M | $-114.6M | ||
| Q3 25 | $209.9M | $-2.0B | ||
| Q2 25 | $151.7M | $-557.1M | ||
| Q1 25 | $145.7M | $1.4B | ||
| Q4 24 | $168.4M | $-1.8B | ||
| Q3 24 | $209.3M | $768.1M | ||
| Q2 24 | $215.8M | $-55.7M |
自由现金流ARLPRITM
| Q1 26 | $13.3M | — | ||
| Q4 25 | $99.1M | — | ||
| Q3 25 | $145.2M | — | ||
| Q2 25 | $84.7M | — | ||
| Q1 25 | $58.9M | — | ||
| Q4 24 | $75.3M | — | ||
| Q3 24 | $99.0M | — | ||
| Q2 24 | $114.3M | — |
自由现金流率ARLPRITM
| Q1 26 | 2.6% | — | ||
| Q4 25 | 18.5% | — | ||
| Q3 25 | 25.4% | — | ||
| Q2 25 | 15.5% | — | ||
| Q1 25 | 10.9% | — | ||
| Q4 24 | 12.8% | — | ||
| Q3 24 | 16.1% | — | ||
| Q2 24 | 19.3% | — |
资本支出强度ARLPRITM
| Q1 26 | 18.5% | — | ||
| Q4 25 | 8.4% | — | ||
| Q3 25 | 11.3% | — | ||
| Q2 25 | 12.2% | — | ||
| Q1 25 | 16.1% | — | ||
| Q4 24 | 15.8% | — | ||
| Q3 24 | 18.0% | — | ||
| Q2 24 | 17.1% | — |
现金转化率ARLPRITM
| Q1 26 | — | — | ||
| Q4 25 | 1.74× | -1.35× | ||
| Q3 25 | 2.21× | -9.22× | ||
| Q2 25 | 2.55× | -1.79× | ||
| Q1 25 | 1.97× | 18.03× | ||
| Q4 24 | 10.31× | -6.04× | ||
| Q3 24 | 2.43× | 6.31× | ||
| Q2 24 | 2.15× | -0.24× |
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% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
