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ALLIANCE RESOURCE PARTNERS LP（ARLP）与WillScot Holdings Corp（WSC）财务数据对比。点击上方公司名可切换其他公司
WillScot Holdings Corp的季度营收约是ALLIANCE RESOURCE PARTNERS LP的1.1倍（$566.0M vs $516.0M），ALLIANCE RESOURCE PARTNERS LP净利率更高（2.1% vs -33.1%，领先35.2%），ALLIANCE RESOURCE PARTNERS LP同比增速更快（-3.6% vs -6.1%），WillScot Holdings Corp自由现金流更多（$149.7M vs $13.3M），过去两年WillScot Holdings Corp的营收复合增速更高（-1.8% 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。
WillScot Holdings Corp是北美领先的模块化空间及便携式存储服务供应商，服务覆盖建筑、商业开发、教育、医疗、政府项目、特殊活动等多个领域，为客户提供灵活可扩展的临时及半永久空间解决方案。
ARLP vs WSC — 直观对比
营收规模更大
WSC
是对方的1.1倍
$516.0M
营收增速更快
ARLP
高出2.4%
-6.1%
净利率更高
ARLP
高出35.2%
-33.1%
自由现金流更多
WSC
多$136.4M
$13.3M
两年增速更快
WSC
近两年复合增速
-6.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $566.0M |
| 净利润 | $10.7M | $-187.3M |
| 毛利率 | — | 50.4% |
| 营业利润率 | 4.2% | -32.5% |
| 净利率 | 2.1% | -33.1% |
| 营收同比 | -3.6% | -6.1% |
| 净利润同比 | — | -310.0% |
| 每股收益（稀释后） | — | $-1.02 |
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ARLPWSC
| Q1 26 | $516.0M | — | ||
| Q4 25 | $535.5M | $566.0M | ||
| Q3 25 | $571.4M | $566.8M | ||
| Q2 25 | $547.5M | $589.1M | ||
| Q1 25 | $540.5M | $559.6M | ||
| Q4 24 | $590.1M | $602.5M | ||
| Q3 24 | $613.6M | $601.4M | ||
| Q2 24 | $593.4M | $604.6M |
净利润ARLPWSC
| Q1 26 | $10.7M | — | ||
| Q4 25 | $82.7M | $-187.3M | ||
| Q3 25 | $95.1M | $43.3M | ||
| Q2 25 | $59.4M | $47.9M | ||
| Q1 25 | $74.0M | $43.1M | ||
| Q4 24 | $16.3M | $89.2M | ||
| Q3 24 | $86.3M | $-70.5M | ||
| Q2 24 | $100.2M | $-46.9M |
毛利率ARLPWSC
| Q1 26 | — | — | ||
| Q4 25 | — | 50.4% | ||
| Q3 25 | — | 49.7% | ||
| Q2 25 | — | 50.3% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | — | 55.8% | ||
| Q3 24 | — | 53.5% | ||
| Q2 24 | — | 54.1% |
营业利润率ARLPWSC
| Q1 26 | 4.2% | — | ||
| Q4 25 | 18.2% | -32.5% | ||
| Q3 25 | 18.4% | 21.0% | ||
| Q2 25 | 16.2% | 21.5% | ||
| Q1 25 | 17.4% | 21.3% | ||
| Q4 24 | 2.6% | 28.9% | ||
| Q3 24 | 16.5% | -5.9% | ||
| Q2 24 | 19.8% | -0.9% |
净利率ARLPWSC
| Q1 26 | 2.1% | — | ||
| Q4 25 | 15.4% | -33.1% | ||
| Q3 25 | 16.6% | 7.6% | ||
| Q2 25 | 10.9% | 8.1% | ||
| Q1 25 | 13.7% | 7.7% | ||
| Q4 24 | 2.8% | 14.8% | ||
| Q3 24 | 14.1% | -11.7% | ||
| Q2 24 | 16.9% | -7.7% |
每股收益（稀释后）ARLPWSC
| Q1 26 | — | — | ||
| Q4 25 | — | $-1.02 | ||
| Q3 25 | — | $0.24 | ||
| Q2 25 | — | $0.26 | ||
| Q1 25 | — | $0.23 | ||
| Q4 24 | — | $0.48 | ||
| Q3 24 | — | $-0.37 | ||
| Q2 24 | — | $-0.25 |
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 | $14.6M |
| 总债务越低越好 | — | $3.6B |
| 股东权益账面价值 | — | $856.3M |
| 总资产 | $2.9B | $5.8B |
| 负债/权益比越低杠杆越低 | — | 4.15× |
8季度趋势，按日历期对齐
现金及短期投资ARLPWSC
| Q1 26 | $28.9M | — | ||
| Q4 25 | $71.2M | $14.6M | ||
| Q3 25 | $94.5M | $14.8M | ||
| Q2 25 | $55.0M | $12.8M | ||
| Q1 25 | $81.3M | $10.7M | ||
| Q4 24 | $137.0M | $9.0M | ||
| Q3 24 | $195.4M | $11.0M | ||
| Q2 24 | $203.7M | $5.9M |
总债务ARLPWSC
| Q1 26 | — | — | ||
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $3.6B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.5B |
股东权益ARLPWSC
| Q1 26 | — | — | ||
| Q4 25 | — | $856.3M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.2B |
总资产ARLPWSC
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $5.8B | ||
| Q3 25 | $2.9B | $6.1B | ||
| Q2 25 | $2.9B | $6.1B | ||
| Q1 25 | $2.9B | $6.0B | ||
| Q4 24 | $2.9B | $6.0B | ||
| Q3 24 | $3.0B | $6.0B | ||
| Q2 24 | $3.1B | $6.0B |
负债/权益比ARLPWSC
| Q1 26 | — | — | ||
| Q4 25 | — | 4.15× | ||
| Q3 25 | — | 3.39× | ||
| Q2 25 | — | 3.55× | ||
| Q1 25 | — | 3.56× | ||
| Q4 24 | — | 3.62× | ||
| Q3 24 | — | 3.42× | ||
| Q2 24 | — | 2.88× |
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 | — | $158.9M |
| 自由现金流经营现金流 - 资本支出 | $13.3M | $149.7M |
| 自由现金流率自由现金流/营收 | 2.6% | 26.5% |
| 资本支出强度资本支出/营收 | 18.5% | 1.6% |
| 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 | $737.7M |
8季度趋势，按日历期对齐
经营现金流ARLPWSC
| Q1 26 | — | — | ||
| Q4 25 | $143.9M | $158.9M | ||
| Q3 25 | $209.9M | $191.2M | ||
| Q2 25 | $151.7M | $205.3M | ||
| Q1 25 | $145.7M | $206.6M | ||
| Q4 24 | $168.4M | $178.9M | ||
| Q3 24 | $209.3M | $-1.6M | ||
| Q2 24 | $215.8M | $175.6M |
自由现金流ARLPWSC
| Q1 26 | $13.3M | — | ||
| Q4 25 | $99.1M | $149.7M | ||
| Q3 25 | $145.2M | $186.9M | ||
| Q2 25 | $84.7M | $199.0M | ||
| Q1 25 | $58.9M | $202.0M | ||
| Q4 24 | $75.3M | $176.6M | ||
| Q3 24 | $99.0M | $-4.9M | ||
| Q2 24 | $114.3M | $169.4M |
自由现金流率ARLPWSC
| Q1 26 | 2.6% | — | ||
| Q4 25 | 18.5% | 26.5% | ||
| Q3 25 | 25.4% | 33.0% | ||
| Q2 25 | 15.5% | 33.8% | ||
| Q1 25 | 10.9% | 36.1% | ||
| Q4 24 | 12.8% | 29.3% | ||
| Q3 24 | 16.1% | -0.8% | ||
| Q2 24 | 19.3% | 28.0% |
资本支出强度ARLPWSC
| Q1 26 | 18.5% | — | ||
| Q4 25 | 8.4% | 1.6% | ||
| Q3 25 | 11.3% | 0.7% | ||
| Q2 25 | 12.2% | 1.1% | ||
| Q1 25 | 16.1% | 0.8% | ||
| Q4 24 | 15.8% | 0.4% | ||
| Q3 24 | 18.0% | 0.6% | ||
| Q2 24 | 17.1% | 1.0% |
现金转化率ARLPWSC
| Q1 26 | — | — | ||
| Q4 25 | 1.74× | — | ||
| Q3 25 | 2.21× | 4.41× | ||
| Q2 25 | 2.55× | 4.28× | ||
| Q1 25 | 1.97× | 4.80× | ||
| Q4 24 | 10.31× | 2.01× | ||
| 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% |
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
