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ALLIANCE RESOURCE PARTNERS LP（ARLP）与Rackspace Technology, Inc.（RXT）财务数据对比。点击上方公司名可切换其他公司
Rackspace Technology, Inc.的季度营收约是ALLIANCE RESOURCE PARTNERS LP的1.3倍（$682.8M vs $516.0M），ALLIANCE RESOURCE PARTNERS LP净利率更高（2.1% vs -4.8%，领先6.9%），Rackspace Technology, Inc.同比增速更快（-0.4% vs -3.6%），Rackspace Technology, Inc.自由现金流更多（$56.0M vs $13.3M），过去两年Rackspace Technology, Inc.的营收复合增速更高（-0.6% 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。
Rackspace Technology, Inc.是总部位于美国得克萨斯州圣安东尼奥的云计算企业，在弗吉尼亚州雷斯顿以及澳大利亚、加拿大、英国、印度、迪拜、瑞士、荷兰、德国、新加坡、墨西哥、中国香港等多个国家和地区设有办事处，数据中心分布于全球多个主要城市，为客户提供专业的云计算相关服务。
ARLP vs RXT — 直观对比
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $682.8M |
| 净利润 | $10.7M | $-32.7M |
| 毛利率 | — | 17.6% |
| 营业利润率 | 4.2% | -0.5% |
| 净利率 | 2.1% | -4.8% |
| 营收同比 | -3.6% | -0.4% |
| 净利润同比 | — | 41.6% |
| 每股收益（稀释后） | — | $-0.13 |
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
| Q1 26 | $516.0M | — | ||
| Q4 25 | $535.5M | $682.8M | ||
| Q3 25 | $571.4M | $671.2M | ||
| Q2 25 | $547.5M | $666.3M | ||
| Q1 25 | $540.5M | $665.4M | ||
| Q4 24 | $590.1M | $685.6M | ||
| Q3 24 | $613.6M | $675.8M | ||
| Q2 24 | $593.4M | $684.9M |
| Q1 26 | $10.7M | — | ||
| Q4 25 | $82.7M | $-32.7M | ||
| Q3 25 | $95.1M | $-67.1M | ||
| Q2 25 | $59.4M | $-54.5M | ||
| Q1 25 | $74.0M | $-71.5M | ||
| Q4 24 | $16.3M | $-56.0M | ||
| Q3 24 | $86.3M | $-186.6M | ||
| Q2 24 | $100.2M | $25.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 17.6% | ||
| Q3 25 | — | 19.4% | ||
| Q2 25 | — | 19.4% | ||
| Q1 25 | — | 19.1% | ||
| Q4 24 | — | 19.2% | ||
| Q3 24 | — | 20.3% | ||
| Q2 24 | — | 19.2% |
| Q1 26 | 4.2% | — | ||
| Q4 25 | 18.2% | -0.5% | ||
| Q3 25 | 18.4% | -5.1% | ||
| Q2 25 | 16.2% | -3.8% | ||
| Q1 25 | 17.4% | -5.8% | ||
| Q4 24 | 2.6% | -4.2% | ||
| Q3 24 | 16.5% | -25.7% | ||
| Q2 24 | 19.8% | -7.9% |
| Q1 26 | 2.1% | — | ||
| Q4 25 | 15.4% | -4.8% | ||
| Q3 25 | 16.6% | -10.0% | ||
| Q2 25 | 10.9% | -8.2% | ||
| Q1 25 | 13.7% | -10.7% | ||
| Q4 24 | 2.8% | -8.2% | ||
| Q3 24 | 14.1% | -27.6% | ||
| Q2 24 | 16.9% | 3.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | $-0.13 | ||
| Q3 25 | — | $-0.28 | ||
| Q2 25 | — | $-0.23 | ||
| Q1 25 | — | $-0.31 | ||
| Q4 24 | — | $-0.20 | ||
| Q3 24 | — | $-0.82 | ||
| Q2 24 | — | $0.11 |
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 | $105.8M |
| 总债务越低越好 | — | $2.7B |
| 股东权益账面价值 | — | $-1.2B |
| 总资产 | $2.9B | $2.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q1 26 | $28.9M | — | ||
| Q4 25 | $71.2M | $105.8M | ||
| Q3 25 | $94.5M | $99.5M | ||
| Q2 25 | $55.0M | $103.9M | ||
| Q1 25 | $81.3M | $128.0M | ||
| Q4 24 | $137.0M | $144.0M | ||
| Q3 24 | $195.4M | $157.1M | ||
| Q2 24 | $203.7M | $190.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $2.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | $-1.2B | ||
| Q3 25 | — | $-1.2B | ||
| Q2 25 | — | $-1.1B | ||
| Q1 25 | — | $-1.1B | ||
| Q4 24 | — | $-1.0B | ||
| Q3 24 | — | $-949.7M | ||
| Q2 24 | — | $-756.2M |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $2.8B | ||
| Q3 25 | $2.9B | $2.8B | ||
| Q2 25 | $2.9B | $2.9B | ||
| Q1 25 | $2.9B | $3.0B | ||
| Q4 24 | $2.9B | $3.1B | ||
| Q3 24 | $3.0B | $3.1B | ||
| Q2 24 | $3.1B | $3.4B |
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 | — | $59.7M |
| 自由现金流经营现金流 - 资本支出 | $13.3M | $56.0M |
| 自由现金流率自由现金流/营收 | 2.6% | 8.2% |
| 资本支出强度资本支出/营收 | 18.5% | 0.5% |
| 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 | $90.6M |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $143.9M | $59.7M | ||
| Q3 25 | $209.9M | $70.7M | ||
| Q2 25 | $151.7M | $8.4M | ||
| Q1 25 | $145.7M | $12.6M | ||
| Q4 24 | $168.4M | $54.3M | ||
| Q3 24 | $209.3M | $51.8M | ||
| Q2 24 | $215.8M | $24.1M |
| Q1 26 | $13.3M | — | ||
| Q4 25 | $99.1M | $56.0M | ||
| Q3 25 | $145.2M | $42.7M | ||
| Q2 25 | $84.7M | $-12.4M | ||
| Q1 25 | $58.9M | $4.3M | ||
| Q4 24 | $75.3M | $34.4M | ||
| Q3 24 | $99.0M | $27.3M | ||
| Q2 24 | $114.3M | $-14.5M |
| Q1 26 | 2.6% | — | ||
| Q4 25 | 18.5% | 8.2% | ||
| Q3 25 | 25.4% | 6.4% | ||
| Q2 25 | 15.5% | -1.9% | ||
| Q1 25 | 10.9% | 0.6% | ||
| Q4 24 | 12.8% | 5.0% | ||
| Q3 24 | 16.1% | 4.0% | ||
| Q2 24 | 19.3% | -2.1% |
| Q1 26 | 18.5% | — | ||
| Q4 25 | 8.4% | 0.5% | ||
| Q3 25 | 11.3% | 4.2% | ||
| Q2 25 | 12.2% | 3.1% | ||
| Q1 25 | 16.1% | 1.2% | ||
| Q4 24 | 15.8% | 2.9% | ||
| Q3 24 | 18.0% | 3.6% | ||
| Q2 24 | 17.1% | 5.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.74× | — | ||
| Q3 25 | 2.21× | — | ||
| Q2 25 | 2.55× | — | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | 10.31× | — | ||
| Q3 24 | 2.43× | — | ||
| Q2 24 | 2.15× | 0.96× |
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% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
