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ALLIANCE RESOURCE PARTNERS LP（ARLP）与Gentherm Inc（THRM）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Gentherm Inc的1.3倍（$516.0M vs $382.8M），ALLIANCE RESOURCE PARTNERS LP净利率更高（2.1% vs 0.8%，领先1.3%），Gentherm Inc同比增速更快（8.5% vs -3.6%），ALLIANCE RESOURCE PARTNERS LP自由现金流更多（$13.3M vs $6.7M），过去两年Gentherm Inc的营收复合增速更高（3.7% 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。
金瑟公司（原阿梅里贡）是一家美国热管理技术企业，为汽车行业研发出了全球首款热电调温座椅系统——气候控制座椅系统。该系统于1999年率先被福特汽车采纳，作为选装配置搭载在2000款林肯领航员上，如今已应用于福特、通用、丰田（雷克萨斯）、起亚、现代、日产（英菲尼迪）等车企的50余款车型。
ARLP vs THRM — 直观对比
营收规模更大
ARLP
是对方的1.3倍
$382.8M
营收增速更快
THRM
高出12.1%
-3.6%
净利率更高
ARLP
高出1.3%
0.8%
自由现金流更多
ARLP
多$6.6M
$6.7M
两年增速更快
THRM
近两年复合增速
-6.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $382.8M |
| 净利润 | $10.7M | $3.0M |
| 毛利率 | — | 23.7% |
| 营业利润率 | 4.2% | 4.6% |
| 净利率 | 2.1% | 0.8% |
| 营收同比 | -3.6% | 8.5% |
| 净利润同比 | — | -80.5% |
| 每股收益（稀释后） | — | $0.08 |
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ARLPTHRM
| Q1 26 | $516.0M | — | ||
| Q4 25 | $535.5M | $382.8M | ||
| Q3 25 | $571.4M | $386.9M | ||
| Q2 25 | $547.5M | $375.1M | ||
| Q1 25 | $540.5M | $353.9M | ||
| Q4 24 | $590.1M | $352.9M | ||
| Q3 24 | $613.6M | $371.5M | ||
| Q2 24 | $593.4M | $375.7M |
净利润ARLPTHRM
| Q1 26 | $10.7M | — | ||
| Q4 25 | $82.7M | $3.0M | ||
| Q3 25 | $95.1M | $14.9M | ||
| Q2 25 | $59.4M | $477.0K | ||
| Q1 25 | $74.0M | $-128.0K | ||
| Q4 24 | $16.3M | $15.3M | ||
| Q3 24 | $86.3M | $16.0M | ||
| Q2 24 | $100.2M | $18.9M |
毛利率ARLPTHRM
| Q1 26 | — | — | ||
| Q4 25 | — | 23.7% | ||
| Q3 25 | — | 24.6% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | 24.4% | ||
| Q4 24 | — | 24.4% | ||
| Q3 24 | — | 25.5% | ||
| Q2 24 | — | 25.7% |
营业利润率ARLPTHRM
| Q1 26 | 4.2% | — | ||
| Q4 25 | 18.2% | 4.6% | ||
| Q3 25 | 18.4% | 6.2% | ||
| Q2 25 | 16.2% | 6.4% | ||
| Q1 25 | 17.4% | 4.8% | ||
| Q4 24 | 2.6% | 6.7% | ||
| Q3 24 | 16.5% | 8.7% | ||
| Q2 24 | 19.8% | 8.8% |
净利率ARLPTHRM
| Q1 26 | 2.1% | — | ||
| Q4 25 | 15.4% | 0.8% | ||
| Q3 25 | 16.6% | 3.9% | ||
| Q2 25 | 10.9% | 0.1% | ||
| Q1 25 | 13.7% | -0.0% | ||
| Q4 24 | 2.8% | 4.3% | ||
| Q3 24 | 14.1% | 4.3% | ||
| Q2 24 | 16.9% | 5.0% |
每股收益（稀释后）ARLPTHRM
| Q1 26 | — | — | ||
| Q4 25 | — | $0.08 | ||
| Q3 25 | — | $0.49 | ||
| Q2 25 | — | $0.02 | ||
| Q1 25 | — | $0.00 | ||
| Q4 24 | — | $0.48 | ||
| Q3 24 | — | $0.51 | ||
| Q2 24 | — | $0.60 |
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 | $160.8M |
| 总债务越低越好 | — | $189.0M |
| 股东权益账面价值 | — | $720.3M |
| 总资产 | $2.9B | $1.4B |
| 负债/权益比越低杠杆越低 | — | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资ARLPTHRM
| Q1 26 | $28.9M | — | ||
| Q4 25 | $71.2M | $160.8M | ||
| Q3 25 | $94.5M | $154.3M | ||
| Q2 25 | $55.0M | $128.3M | ||
| Q1 25 | $81.3M | $163.1M | ||
| Q4 24 | $137.0M | $134.1M | ||
| Q3 24 | $195.4M | $150.6M | ||
| Q2 24 | $203.7M | $123.5M |
总债务ARLPTHRM
| Q1 26 | — | — | ||
| Q4 25 | — | $189.0M | ||
| Q3 25 | — | $189.0M | ||
| Q2 25 | — | $209.0M | ||
| Q1 25 | — | $262.0M | ||
| Q4 24 | — | $220.1M | ||
| Q3 24 | — | $222.1M | ||
| Q2 24 | — | $222.1M |
股东权益ARLPTHRM
| Q1 26 | — | — | ||
| Q4 25 | — | $720.3M | ||
| Q3 25 | — | $717.9M | ||
| Q2 25 | — | $699.7M | ||
| Q1 25 | — | $646.5M | ||
| Q4 24 | — | $616.9M | ||
| Q3 24 | — | $660.7M | ||
| Q2 24 | — | $640.3M |
总资产ARLPTHRM
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $1.4B | ||
| Q3 25 | $2.9B | $1.4B | ||
| Q2 25 | $2.9B | $1.4B | ||
| Q1 25 | $2.9B | $1.3B | ||
| Q4 24 | $2.9B | $1.2B | ||
| Q3 24 | $3.0B | $1.3B | ||
| Q2 24 | $3.1B | $1.2B |
负债/权益比ARLPTHRM
| Q1 26 | — | — | ||
| Q4 25 | — | 0.26× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | — | 0.41× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.34× | ||
| Q2 24 | — | 0.35× |
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 | — | $29.0M |
| 自由现金流经营现金流 - 资本支出 | $13.3M | $6.7M |
| 自由现金流率自由现金流/营收 | 2.6% | 1.7% |
| 资本支出强度资本支出/营收 | 18.5% | 5.8% |
| 现金转化率经营现金流/净利润 | — | 9.70× |
| 过去12个月自由现金流最近4个季度 | $342.2M | $61.1M |
8季度趋势，按日历期对齐
经营现金流ARLPTHRM
| Q1 26 | — | — | ||
| Q4 25 | $143.9M | $29.0M | ||
| Q3 25 | $209.9M | $56.1M | ||
| Q2 25 | $151.7M | $45.0M | ||
| Q1 25 | $145.7M | $-13.3M | ||
| Q4 24 | $168.4M | $36.6M | ||
| Q3 24 | $209.3M | $46.3M | ||
| Q2 24 | $215.8M | $37.1M |
自由现金流ARLPTHRM
| Q1 26 | $13.3M | — | ||
| Q4 25 | $99.1M | $6.7M | ||
| Q3 25 | $145.2M | $46.5M | ||
| Q2 25 | $84.7M | $36.2M | ||
| Q1 25 | $58.9M | $-28.2M | ||
| Q4 24 | $75.3M | $13.6M | ||
| Q3 24 | $99.0M | $26.6M | ||
| Q2 24 | $114.3M | $17.8M |
自由现金流率ARLPTHRM
| Q1 26 | 2.6% | — | ||
| Q4 25 | 18.5% | 1.7% | ||
| Q3 25 | 25.4% | 12.0% | ||
| Q2 25 | 15.5% | 9.6% | ||
| Q1 25 | 10.9% | -8.0% | ||
| Q4 24 | 12.8% | 3.9% | ||
| Q3 24 | 16.1% | 7.2% | ||
| Q2 24 | 19.3% | 4.7% |
资本支出强度ARLPTHRM
| Q1 26 | 18.5% | — | ||
| Q4 25 | 8.4% | 5.8% | ||
| Q3 25 | 11.3% | 2.5% | ||
| Q2 25 | 12.2% | 2.4% | ||
| Q1 25 | 16.1% | 4.2% | ||
| Q4 24 | 15.8% | 6.5% | ||
| Q3 24 | 18.0% | 5.3% | ||
| Q2 24 | 17.1% | 5.2% |
现金转化率ARLPTHRM
| Q1 26 | — | — | ||
| Q4 25 | 1.74× | 9.70× | ||
| Q3 25 | 2.21× | 3.75× | ||
| Q2 25 | 2.55× | 94.43× | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | 10.31× | 2.39× | ||
| Q3 24 | 2.43× | 2.90× | ||
| Q2 24 | 2.15× | 1.97× |
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% |
THRM
| Climate Control Seats | $200.9M | 52% |
| Lumbar And Massage Comfort Solutions | $58.5M | 15% |
| Climate Control Interiors | $50.3M | 13% |
| Other Automotive | $27.6M | 7% |
| Valve Systems | $24.1M | 6% |
| Medical Segments | $13.9M | 4% |
| Climate And Comfort Electronics | $7.4M | 2% |
