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ALLIANCE RESOURCE PARTNERS LP（ARLP）与TTM TECHNOLOGIES INC（TTMI）财务数据对比。点击上方公司名可切换其他公司
TTM TECHNOLOGIES INC的季度营收约是ALLIANCE RESOURCE PARTNERS LP的1.5倍（$774.3M vs $516.0M），TTM TECHNOLOGIES INC净利率更高（6.5% vs 2.1%，领先4.5%），TTM TECHNOLOGIES INC同比增速更快（18.9% vs -3.6%），ALLIANCE RESOURCE PARTNERS LP自由现金流更多（$13.3M vs $-6.5M），过去两年TTM TECHNOLOGIES INC的营收复合增速更高（16.7% 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。
TTM科技是总部位于美国加利福尼亚州圣安娜的印刷电路板（PCB）生产商，成立于1998年，位列全球PCB制造商前五，是北美最大的PCB生产企业，同时也是美国军方最大的PCB供应商，服务航空航天、国防、医疗、工业、汽车、计算、网络等多个领域的客户。
ARLP vs TTMI — 直观对比
营收规模更大
TTMI
是对方的1.5倍
$516.0M
营收增速更快
TTMI
高出22.6%
-3.6%
净利率更高
TTMI
高出4.5%
2.1%
自由现金流更多
ARLP
多$19.7M
$-6.5M
两年增速更快
TTMI
近两年复合增速
-6.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $774.3M |
| 净利润 | $10.7M | $50.7M |
| 毛利率 | — | 21.4% |
| 营业利润率 | 4.2% | 10.4% |
| 净利率 | 2.1% | 6.5% |
| 营收同比 | -3.6% | 18.9% |
| 净利润同比 | — | 880.4% |
| 每股收益（稀释后） | — | $0.47 |
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ARLPTTMI
| Q1 26 | $516.0M | — | ||
| Q4 25 | $535.5M | $774.3M | ||
| Q3 25 | $571.4M | $752.7M | ||
| Q2 25 | $547.5M | $730.6M | ||
| Q1 25 | $540.5M | $648.7M | ||
| Q4 24 | $590.1M | $651.0M | ||
| Q3 24 | $613.6M | $616.5M | ||
| Q2 24 | $593.4M | $570.1M |
净利润ARLPTTMI
| Q1 26 | $10.7M | — | ||
| Q4 25 | $82.7M | $50.7M | ||
| Q3 25 | $95.1M | $53.1M | ||
| Q2 25 | $59.4M | $41.5M | ||
| Q1 25 | $74.0M | $32.2M | ||
| Q4 24 | $16.3M | $5.2M | ||
| Q3 24 | $86.3M | $14.3M | ||
| Q2 24 | $100.2M | $10.5M |
毛利率ARLPTTMI
| Q1 26 | — | — | ||
| Q4 25 | — | 21.4% | ||
| Q3 25 | — | 20.8% | ||
| Q2 25 | — | 20.3% | ||
| Q1 25 | — | 20.2% | ||
| Q4 24 | — | 19.4% | ||
| Q3 24 | — | 21.1% | ||
| Q2 24 | — | 18.2% |
营业利润率ARLPTTMI
| Q1 26 | 4.2% | — | ||
| Q4 25 | 18.2% | 10.4% | ||
| Q3 25 | 18.4% | 9.6% | ||
| Q2 25 | 16.2% | 8.5% | ||
| Q1 25 | 17.4% | 7.7% | ||
| Q4 24 | 2.6% | 1.4% | ||
| Q3 24 | 16.5% | 8.3% | ||
| Q2 24 | 19.8% | 3.0% |
净利率ARLPTTMI
| Q1 26 | 2.1% | — | ||
| Q4 25 | 15.4% | 6.5% | ||
| Q3 25 | 16.6% | 7.0% | ||
| Q2 25 | 10.9% | 5.7% | ||
| Q1 25 | 13.7% | 5.0% | ||
| Q4 24 | 2.8% | 0.8% | ||
| Q3 24 | 14.1% | 2.3% | ||
| Q2 24 | 16.9% | 1.8% |
每股收益（稀释后）ARLPTTMI
| Q1 26 | — | — | ||
| Q4 25 | — | $0.47 | ||
| Q3 25 | — | $0.50 | ||
| Q2 25 | — | $0.40 | ||
| Q1 25 | — | $0.31 | ||
| Q4 24 | — | $0.05 | ||
| Q3 24 | — | $0.14 | ||
| Q2 24 | — | $0.10 |
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 | $501.2M |
| 总债务越低越好 | — | $916.2M |
| 股东权益账面价值 | — | $1.8B |
| 总资产 | $2.9B | $3.8B |
| 负债/权益比越低杠杆越低 | — | 0.52× |
8季度趋势，按日历期对齐
现金及短期投资ARLPTTMI
| Q1 26 | $28.9M | — | ||
| Q4 25 | $71.2M | $501.2M | ||
| Q3 25 | $94.5M | $491.1M | ||
| Q2 25 | $55.0M | $448.0M | ||
| Q1 25 | $81.3M | $411.3M | ||
| Q4 24 | $137.0M | $503.9M | ||
| Q3 24 | $195.4M | $469.5M | ||
| Q2 24 | $203.7M | $440.4M |
总债务ARLPTTMI
| Q1 26 | — | — | ||
| Q4 25 | — | $916.2M | ||
| Q3 25 | — | $916.6M | ||
| Q2 25 | — | $917.1M | ||
| Q1 25 | — | $917.6M | ||
| Q4 24 | — | $914.4M | ||
| Q3 24 | — | $912.8M | ||
| Q2 24 | — | $913.9M |
股东权益ARLPTTMI
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.5B |
总资产ARLPTTMI
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $3.8B | ||
| Q3 25 | $2.9B | $3.7B | ||
| Q2 25 | $2.9B | $3.6B | ||
| Q1 25 | $2.9B | $3.5B | ||
| Q4 24 | $2.9B | $3.5B | ||
| Q3 24 | $3.0B | $3.4B | ||
| Q2 24 | $3.1B | $3.3B |
负债/权益比ARLPTTMI
| Q1 26 | — | — | ||
| Q4 25 | — | 0.52× | ||
| Q3 25 | — | 0.54× | ||
| Q2 25 | — | 0.56× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.58× | ||
| Q3 24 | — | 0.59× | ||
| Q2 24 | — | 0.60× |
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 | — | $62.9M |
| 自由现金流经营现金流 - 资本支出 | $13.3M | $-6.5M |
| 自由现金流率自由现金流/营收 | 2.6% | -0.8% |
| 资本支出强度资本支出/营收 | 18.5% | 9.0% |
| 现金转化率经营现金流/净利润 | — | 1.24× |
| 过去12个月自由现金流最近4个季度 | $342.2M | $-683.0K |
8季度趋势，按日历期对齐
经营现金流ARLPTTMI
| Q1 26 | — | — | ||
| Q4 25 | $143.9M | $62.9M | ||
| Q3 25 | $209.9M | $141.8M | ||
| Q2 25 | $151.7M | $97.8M | ||
| Q1 25 | $145.7M | $-10.7M | ||
| Q4 24 | $168.4M | — | ||
| Q3 24 | $209.3M | $65.1M | ||
| Q2 24 | $215.8M | $43.9M |
自由现金流ARLPTTMI
| Q1 26 | $13.3M | — | ||
| Q4 25 | $99.1M | $-6.5M | ||
| Q3 25 | $145.2M | $42.4M | ||
| Q2 25 | $84.7M | $37.4M | ||
| Q1 25 | $58.9M | $-74.0M | ||
| Q4 24 | $75.3M | — | ||
| Q3 24 | $99.0M | $24.2M | ||
| Q2 24 | $114.3M | $-5.4M |
自由现金流率ARLPTTMI
| Q1 26 | 2.6% | — | ||
| Q4 25 | 18.5% | -0.8% | ||
| Q3 25 | 25.4% | 5.6% | ||
| Q2 25 | 15.5% | 5.1% | ||
| Q1 25 | 10.9% | -11.4% | ||
| Q4 24 | 12.8% | — | ||
| Q3 24 | 16.1% | 3.9% | ||
| Q2 24 | 19.3% | -1.0% |
资本支出强度ARLPTTMI
| Q1 26 | 18.5% | — | ||
| Q4 25 | 8.4% | 9.0% | ||
| Q3 25 | 11.3% | 13.2% | ||
| Q2 25 | 12.2% | 8.3% | ||
| Q1 25 | 16.1% | 9.8% | ||
| Q4 24 | 15.8% | — | ||
| Q3 24 | 18.0% | 6.6% | ||
| Q2 24 | 17.1% | 8.7% |
现金转化率ARLPTTMI
| Q1 26 | — | — | ||
| Q4 25 | 1.74× | 1.24× | ||
| Q3 25 | 2.21× | 2.67× | ||
| Q2 25 | 2.55× | 2.36× | ||
| Q1 25 | 1.97× | -0.33× | ||
| Q4 24 | 10.31× | — | ||
| Q3 24 | 2.43× | 4.55× | ||
| Q2 24 | 2.15× | 4.19× |
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% |
TTMI
| Aerospace And Defense | $317.2M | 41% |
| Data Center Computing | $221.6M | 29% |
| Medical Industrial Instrumentation | $105.0M | 14% |
| Automotive Components | $69.7M | 9% |
| Networking Communication | $50.1M | 6% |
| Radio Frequency And Specialty Components | $10.6M | 1% |
