vs
ALLIANCE RESOURCE PARTNERS LP（ARLP）与猫途鹰（TRIP）财务数据对比。点击上方公司名可切换其他公司
ALLIANCE RESOURCE PARTNERS LP的季度营收约是猫途鹰的1.3倍（$516.0M vs $411.0M），ALLIANCE RESOURCE PARTNERS LP净利率更高（2.1% vs -9.2%，领先11.3%），猫途鹰同比增速更快（0.0% vs -3.6%），ALLIANCE RESOURCE PARTNERS LP自由现金流更多（$13.3M vs $-122.0M），过去两年猫途鹰的营收复合增速更高（2.0% vs -6.7%）
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ARLP vs TRIP — 直观对比
营收规模更大
ARLP
是对方的1.3倍
$411.0M
营收增速更快
TRIP
高出3.6%
-3.6%
净利率更高
ARLP
高出11.3%
-9.2%
自由现金流更多
ARLP
多$135.3M
$-122.0M
两年增速更快
TRIP
近两年复合增速
-6.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $411.0M |
| 净利润 | $10.7M | $-38.0M |
| 毛利率 | — | 91.5% |
| 营业利润率 | 4.2% | -8.3% |
| 净利率 | 2.1% | -9.2% |
| 营收同比 | -3.6% | 0.0% |
| 净利润同比 | — | -3900.0% |
| 每股收益（稀释后） | — | $-0.32 |
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ARLPTRIP
| Q1 26 | $516.0M | — | ||
| Q4 25 | $535.5M | $411.0M | ||
| Q3 25 | $571.4M | $553.0M | ||
| Q2 25 | $547.5M | $529.0M | ||
| Q1 25 | $540.5M | $398.0M | ||
| Q4 24 | $590.1M | $411.0M | ||
| Q3 24 | $613.6M | $532.0M | ||
| Q2 24 | $593.4M | $497.0M |
净利润ARLPTRIP
| Q1 26 | $10.7M | — | ||
| Q4 25 | $82.7M | $-38.0M | ||
| Q3 25 | $95.1M | $53.0M | ||
| Q2 25 | $59.4M | $36.0M | ||
| Q1 25 | $74.0M | $-11.0M | ||
| Q4 24 | $16.3M | $1.0M | ||
| Q3 24 | $86.3M | $39.0M | ||
| Q2 24 | $100.2M | $24.0M |
毛利率ARLPTRIP
| Q1 26 | — | — | ||
| Q4 25 | — | 91.5% | ||
| Q3 25 | — | 92.6% | ||
| Q2 25 | — | 92.1% | ||
| Q1 25 | — | 93.2% | ||
| Q4 24 | — | 93.4% | ||
| Q3 24 | — | 92.5% | ||
| Q2 24 | — | 92.8% |
营业利润率ARLPTRIP
| Q1 26 | 4.2% | — | ||
| Q4 25 | 18.2% | -8.3% | ||
| Q3 25 | 18.4% | 12.7% | ||
| Q2 25 | 16.2% | 11.2% | ||
| Q1 25 | 17.4% | -3.8% | ||
| Q4 24 | 2.6% | 0.2% | ||
| Q3 24 | 16.5% | 13.2% | ||
| Q2 24 | 19.8% | 7.2% |
净利率ARLPTRIP
| Q1 26 | 2.1% | — | ||
| Q4 25 | 15.4% | -9.2% | ||
| Q3 25 | 16.6% | 9.6% | ||
| Q2 25 | 10.9% | 6.8% | ||
| Q1 25 | 13.7% | -2.8% | ||
| Q4 24 | 2.8% | 0.2% | ||
| Q3 24 | 14.1% | 7.3% | ||
| Q2 24 | 16.9% | 4.8% |
每股收益（稀释后）ARLPTRIP
| Q1 26 | — | — | ||
| Q4 25 | — | $-0.32 | ||
| Q3 25 | — | $0.43 | ||
| Q2 25 | — | $0.28 | ||
| Q1 25 | — | $-0.08 | ||
| Q4 24 | — | $0.03 | ||
| Q3 24 | — | $0.27 | ||
| Q2 24 | — | $0.17 |
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 | $1.0B |
| 总债务越低越好 | — | $819.0M |
| 股东权益账面价值 | — | $645.0M |
| 总资产 | $2.9B | $2.6B |
| 负债/权益比越低杠杆越低 | — | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资ARLPTRIP
| Q1 26 | $28.9M | — | ||
| Q4 25 | $71.2M | $1.0B | ||
| Q3 25 | $94.5M | $1.2B | ||
| Q2 25 | $55.0M | $1.2B | ||
| Q1 25 | $81.3M | $1.2B | ||
| Q4 24 | $137.0M | $1.1B | ||
| Q3 24 | $195.4M | $1.1B | ||
| Q2 24 | $203.7M | $1.2B |
总债务ARLPTRIP
| Q1 26 | — | — | ||
| Q4 25 | — | $819.0M | ||
| Q3 25 | — | $821.0M | ||
| Q2 25 | — | $822.0M | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $831.0M | ||
| Q3 24 | — | $832.0M | ||
| Q2 24 | — | — |
股东权益ARLPTRIP
| Q1 26 | — | — | ||
| Q4 25 | — | $645.0M | ||
| Q3 25 | — | $707.0M | ||
| Q2 25 | — | $627.0M | ||
| Q1 25 | — | $643.0M | ||
| Q4 24 | — | $943.0M | ||
| Q3 24 | — | $944.0M | ||
| Q2 24 | — | $857.0M |
总资产ARLPTRIP
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $2.6B | ||
| Q3 25 | $2.9B | $2.8B | ||
| Q2 25 | $2.9B | $2.9B | ||
| Q1 25 | $2.9B | $2.8B | ||
| Q4 24 | $2.9B | $2.6B | ||
| Q3 24 | $3.0B | $2.7B | ||
| Q2 24 | $3.1B | $2.8B |
负债/权益比ARLPTRIP
| Q1 26 | — | — | ||
| Q4 25 | — | 1.27× | ||
| Q3 25 | — | 1.16× | ||
| Q2 25 | — | 1.31× | ||
| Q1 25 | — | 1.81× | ||
| Q4 24 | — | 0.88× | ||
| Q3 24 | — | 0.88× | ||
| 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 | — | $-103.0M |
| 自由现金流经营现金流 - 资本支出 | $13.3M | $-122.0M |
| 自由现金流率自由现金流/营收 | 2.6% | -29.7% |
| 资本支出强度资本支出/营收 | 18.5% | 4.6% |
| 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 | $163.0M |
8季度趋势，按日历期对齐
经营现金流ARLPTRIP
| Q1 26 | — | — | ||
| Q4 25 | $143.9M | $-103.0M | ||
| Q3 25 | $209.9M | $44.0M | ||
| Q2 25 | $151.7M | $202.0M | ||
| Q1 25 | $145.7M | $102.0M | ||
| Q4 24 | $168.4M | $-3.0M | ||
| Q3 24 | $209.3M | $-43.0M | ||
| Q2 24 | $215.8M | $51.0M |
自由现金流ARLPTRIP
| Q1 26 | $13.3M | — | ||
| Q4 25 | $99.1M | $-122.0M | ||
| Q3 25 | $145.2M | $25.0M | ||
| Q2 25 | $84.7M | $177.0M | ||
| Q1 25 | $58.9M | $83.0M | ||
| Q4 24 | $75.3M | $-26.0M | ||
| Q3 24 | $99.0M | $-63.0M | ||
| Q2 24 | $114.3M | $36.0M |
自由现金流率ARLPTRIP
| Q1 26 | 2.6% | — | ||
| Q4 25 | 18.5% | -29.7% | ||
| Q3 25 | 25.4% | 4.5% | ||
| Q2 25 | 15.5% | 33.5% | ||
| Q1 25 | 10.9% | 20.9% | ||
| Q4 24 | 12.8% | -6.3% | ||
| Q3 24 | 16.1% | -11.8% | ||
| Q2 24 | 19.3% | 7.2% |
资本支出强度ARLPTRIP
| Q1 26 | 18.5% | — | ||
| Q4 25 | 8.4% | 4.6% | ||
| Q3 25 | 11.3% | 3.4% | ||
| Q2 25 | 12.2% | 4.7% | ||
| Q1 25 | 16.1% | 4.8% | ||
| Q4 24 | 15.8% | 5.6% | ||
| Q3 24 | 18.0% | 3.8% | ||
| Q2 24 | 17.1% | 3.0% |
现金转化率ARLPTRIP
| Q1 26 | — | — | ||
| Q4 25 | 1.74× | — | ||
| Q3 25 | 2.21× | 0.83× | ||
| Q2 25 | 2.55× | 5.61× | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | 10.31× | -3.00× | ||
| Q3 24 | 2.43× | -1.10× | ||
| Q2 24 | 2.15× | 2.13× |
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% |
TRIP
| Third Party | $327.0M | 80% |
| The Fork | $58.0M | 14% |
| Other | $26.0M | 6% |
