vs
ALLIANCE RESOURCE PARTNERS LP（ARLP）与医疗房产信托（SVC）财务数据对比。点击上方公司名可切换其他公司
ALLIANCE RESOURCE PARTNERS LP的季度营收约是医疗房产信托的1.7倍（$516.0M vs $296.5M），ALLIANCE RESOURCE PARTNERS LP净利率更高（2.1% vs -0.3%，领先2.3%），ALLIANCE RESOURCE PARTNERS LP同比增速更快（-3.6% vs -17.0%），ALLIANCE RESOURCE PARTNERS LP自由现金流更多（$13.3M vs $-95.2M），过去两年医疗房产信托的营收复合增速更高（-6.1% 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。
医疗房产信托（MPT）是总部位于阿拉巴马州伯明翰的国际房地产投资信托（REIT），主要在美国和欧洲地区收购投资医疗设施与营利性医疗控股公司。该公司的房产收购多采用售后回租模式，原产权方出售房产给MPT后成为承租租户，其租户普遍签订长期三净租约。
ARLP vs SVC — 直观对比
营收规模更大
ARLP
是对方的1.7倍
$296.5M
营收增速更快
ARLP
高出13.3%
-17.0%
净利率更高
ARLP
高出2.3%
-0.3%
自由现金流更多
ARLP
多$108.5M
$-95.2M
两年增速更快
SVC
近两年复合增速
-6.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $296.5M |
| 净利润 | $10.7M | $-782.0K |
| 毛利率 | — | — |
| 营业利润率 | 4.2% | -3.9% |
| 净利率 | 2.1% | -0.3% |
| 营收同比 | -3.6% | -17.0% |
| 净利润同比 | — | 99.0% |
| 每股收益（稀释后） | — | $-0.01 |
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ARLPSVC
| Q1 26 | $516.0M | — | ||
| Q4 25 | $535.5M | $296.5M | ||
| Q3 25 | $571.4M | $377.6M | ||
| Q2 25 | $547.5M | $404.4M | ||
| Q1 25 | $540.5M | $335.0M | ||
| Q4 24 | $590.1M | $357.0M | ||
| Q3 24 | $613.6M | $390.9M | ||
| Q2 24 | $593.4M | $412.5M |
净利润ARLPSVC
| Q1 26 | $10.7M | — | ||
| Q4 25 | $82.7M | $-782.0K | ||
| Q3 25 | $95.1M | $-46.9M | ||
| Q2 25 | $59.4M | $-38.2M | ||
| Q1 25 | $74.0M | $-116.4M | ||
| Q4 24 | $16.3M | $-76.4M | ||
| Q3 24 | $86.3M | $-46.9M | ||
| Q2 24 | $100.2M | $-73.8M |
营业利润率ARLPSVC
| Q1 26 | 4.2% | — | ||
| Q4 25 | 18.2% | -3.9% | ||
| Q3 25 | 18.4% | -12.8% | ||
| Q2 25 | 16.2% | -9.2% | ||
| Q1 25 | 17.4% | -33.3% | ||
| Q4 24 | 2.6% | -19.4% | ||
| Q3 24 | 16.5% | -12.8% | ||
| Q2 24 | 19.8% | -17.1% |
净利率ARLPSVC
| Q1 26 | 2.1% | — | ||
| Q4 25 | 15.4% | -0.3% | ||
| Q3 25 | 16.6% | -12.4% | ||
| Q2 25 | 10.9% | -9.4% | ||
| Q1 25 | 13.7% | -34.8% | ||
| Q4 24 | 2.8% | -21.4% | ||
| Q3 24 | 14.1% | -12.0% | ||
| Q2 24 | 16.9% | -17.9% |
每股收益（稀释后）ARLPSVC
| Q1 26 | — | — | ||
| Q4 25 | — | $-0.01 | ||
| Q3 25 | — | $-0.28 | ||
| Q2 25 | — | $-0.23 | ||
| Q1 25 | — | $-0.70 | ||
| Q4 24 | — | $-0.46 | ||
| Q3 24 | — | $-0.28 | ||
| Q2 24 | — | $-0.45 |
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 | $346.8M |
| 总债务越低越好 | — | $5.5B |
| 股东权益账面价值 | — | $646.1M |
| 总资产 | $2.9B | $6.5B |
| 负债/权益比越低杠杆越低 | — | 8.52× |
8季度趋势，按日历期对齐
现金及短期投资ARLPSVC
| Q1 26 | $28.9M | — | ||
| Q4 25 | $71.2M | $346.8M | ||
| Q3 25 | $94.5M | $417.4M | ||
| Q2 25 | $55.0M | $63.2M | ||
| Q1 25 | $81.3M | $80.1M | ||
| Q4 24 | $137.0M | $143.5M | ||
| Q3 24 | $195.4M | $48.6M | ||
| Q2 24 | $203.7M | $14.6M |
总债务ARLPSVC
| Q1 26 | — | — | ||
| Q4 25 | — | $5.5B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ARLPSVC
| Q1 26 | — | — | ||
| Q4 25 | — | $646.1M | ||
| Q3 25 | — | $647.9M | ||
| Q2 25 | — | $695.9M | ||
| Q1 25 | — | $734.6M | ||
| Q4 24 | — | $851.9M | ||
| Q3 24 | — | $929.0M | ||
| Q2 24 | — | $1.0B |
总资产ARLPSVC
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $6.5B | ||
| Q3 25 | $2.9B | $7.0B | ||
| Q2 25 | $2.9B | $6.9B | ||
| Q1 25 | $2.9B | $7.0B | ||
| Q4 24 | $2.9B | $7.1B | ||
| Q3 24 | $3.0B | $7.1B | ||
| Q2 24 | $3.1B | $7.1B |
负债/权益比ARLPSVC
| Q1 26 | — | — | ||
| Q4 25 | — | 8.52× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 6.85× | ||
| 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 | — | $-18.5M |
| 自由现金流经营现金流 - 资本支出 | $13.3M | $-95.2M |
| 自由现金流率自由现金流/营收 | 2.6% | -32.1% |
| 资本支出强度资本支出/营收 | 18.5% | 25.9% |
| 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 | $-107.0M |
8季度趋势，按日历期对齐
经营现金流ARLPSVC
| Q1 26 | — | — | ||
| Q4 25 | $143.9M | $-18.5M | ||
| Q3 25 | $209.9M | $98.1M | ||
| Q2 25 | $151.7M | $-7.0K | ||
| Q1 25 | $145.7M | $38.2M | ||
| Q4 24 | $168.4M | $-9.7M | ||
| Q3 24 | $209.3M | $106.2M | ||
| Q2 24 | $215.8M | $43.8M |
自由现金流ARLPSVC
| Q1 26 | $13.3M | — | ||
| Q4 25 | $99.1M | $-95.2M | ||
| Q3 25 | $145.2M | $57.9M | ||
| Q2 25 | $84.7M | $-46.6M | ||
| Q1 25 | $58.9M | $-23.2M | ||
| Q4 24 | $75.3M | $-88.9M | ||
| Q3 24 | $99.0M | $24.1M | ||
| Q2 24 | $114.3M | $-22.3M |
自由现金流率ARLPSVC
| Q1 26 | 2.6% | — | ||
| Q4 25 | 18.5% | -32.1% | ||
| Q3 25 | 25.4% | 15.3% | ||
| Q2 25 | 15.5% | -11.5% | ||
| Q1 25 | 10.9% | -6.9% | ||
| Q4 24 | 12.8% | -24.9% | ||
| Q3 24 | 16.1% | 6.2% | ||
| Q2 24 | 19.3% | -5.4% |
资本支出强度ARLPSVC
| Q1 26 | 18.5% | — | ||
| Q4 25 | 8.4% | 25.9% | ||
| Q3 25 | 11.3% | 10.6% | ||
| Q2 25 | 12.2% | 11.5% | ||
| Q1 25 | 16.1% | 18.3% | ||
| Q4 24 | 15.8% | 22.2% | ||
| Q3 24 | 18.0% | 21.0% | ||
| Q2 24 | 17.1% | 16.0% |
现金转化率ARLPSVC
| 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× | — |
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% |
SVC
暂无分部数据
