vs
爱玛客（ARMK）与MPLX LP（MPLX）财务数据对比。点击上方公司名可切换其他公司
爱玛客的季度营收约是MPLX LP的2.0倍（$4.8B vs $2.5B），MPLX LP净利率更高（49.1% vs 2.0%，领先47.1%），爱玛客同比增速更快（6.1% vs 1.4%），MPLX LP自由现金流更多（$782.0M vs $-904.4M），过去两年爱玛客的营收复合增速更高（7.3% vs 6.2%）
爱玛客是美国知名的餐饮服务与设施管理服务商，服务覆盖教育、司法监管、医疗、企业、休闲文旅等多个领域，业务遍布北美地区及英国、德国、智利、爱尔兰、西班牙在内的14个国家，为各场景客户提供专业后勤支持解决方案。
MPLX LP旗下子公司MarkWest Energy Partners是美国业主有限合伙企业，主营天然气收集、加工及运输业务。该公司1988年成立于科罗拉多州丹佛市，曾发展为科罗拉多州第13大企业，2015年被马拉松石油旗下的MPLX收购。
ARMK vs MPLX — 直观对比
营收规模更大
ARMK
是对方的2.0倍
$2.5B
营收增速更快
ARMK
高出4.7%
1.4%
净利率更高
MPLX
高出47.1%
2.0%
自由现金流更多
MPLX
多$1.7B
$-904.4M
两年增速更快
ARMK
近两年复合增速
6.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.8B | $2.5B |
| 净利润 | $96.2M | $1.2B |
| 毛利率 | — | — |
| 营业利润率 | 4.5% | 60.5% |
| 净利率 | 2.0% | 49.1% |
| 营收同比 | 6.1% | 1.4% |
| 净利润同比 | -9.0% | 8.5% |
| 每股收益（稀释后） | $0.36 | — |
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ARMKMPLX
| Q1 26 | $4.8B | — | ||
| Q4 25 | $5.0B | $2.5B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | $4.6B | $2.4B | ||
| Q1 25 | $4.3B | $2.5B | ||
| Q4 24 | $4.6B | $2.4B | ||
| Q3 24 | $4.4B | $2.3B | ||
| Q2 24 | $4.4B | $2.3B |
净利润ARMKMPLX
| Q1 26 | $96.2M | — | ||
| Q4 25 | $87.1M | $1.2B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | $71.8M | $1.1B | ||
| Q1 25 | $61.9M | $1.1B | ||
| Q4 24 | $105.6M | $1.1B | ||
| Q3 24 | $122.4M | $1.0B | ||
| Q2 24 | $58.1M | $1.2B |
营业利润率ARMKMPLX
| Q1 26 | 4.5% | — | ||
| Q4 25 | 4.3% | 60.5% | ||
| Q3 25 | — | 73.2% | ||
| Q2 25 | 3.9% | 54.9% | ||
| Q1 25 | 4.1% | 55.5% | ||
| Q4 24 | 4.8% | 55.6% | ||
| Q3 24 | 5.0% | 54.4% | ||
| Q2 24 | 3.7% | 62.9% |
净利率ARMKMPLX
| Q1 26 | 2.0% | — | ||
| Q4 25 | 1.7% | 49.1% | ||
| Q3 25 | — | 63.2% | ||
| Q2 25 | 1.6% | 44.9% | ||
| Q1 25 | 1.4% | 46.2% | ||
| Q4 24 | 2.3% | 45.9% | ||
| Q3 24 | 2.8% | 44.6% | ||
| Q2 24 | 1.3% | 52.6% |
每股收益（稀释后）ARMKMPLX
| Q1 26 | $0.36 | — | ||
| Q4 25 | $0.33 | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $0.27 | — | ||
| Q1 25 | $0.23 | — | ||
| Q4 24 | $0.39 | — | ||
| Q3 24 | $0.46 | — | ||
| Q2 24 | $0.22 | — |
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 | $439.6M | $2.1B |
| 总债务越低越好 | $6.2B | $24.2B |
| 股东权益账面价值 | $3.2B | — |
| 总资产 | $13.5B | $43.0B |
| 负债/权益比越低杠杆越低 | 1.94× | — |
8季度趋势，按日历期对齐
现金及短期投资ARMKMPLX
| Q1 26 | $439.6M | — | ||
| Q4 25 | $639.1M | $2.1B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | $501.5M | $1.4B | ||
| Q1 25 | $920.5M | $2.5B | ||
| Q4 24 | $484.1M | $1.5B | ||
| Q3 24 | $672.5M | $2.4B | ||
| Q2 24 | $436.1M | $2.5B |
总债务ARMKMPLX
| Q1 26 | $6.2B | — | ||
| Q4 25 | $5.4B | $24.2B | ||
| Q3 25 | — | $24.1B | ||
| Q2 25 | $6.3B | $19.7B | ||
| Q1 25 | $6.1B | $19.7B | ||
| Q4 24 | $5.0B | $19.3B | ||
| Q3 24 | $4.3B | $19.3B | ||
| Q2 24 | $5.0B | $19.2B |
股东权益ARMKMPLX
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.1B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $2.9B | — |
总资产ARMKMPLX
| Q1 26 | $13.5B | — | ||
| Q4 25 | $13.3B | $43.0B | ||
| Q3 25 | — | $43.2B | ||
| Q2 25 | $13.3B | $37.8B | ||
| Q1 25 | $13.5B | $39.0B | ||
| Q4 24 | $12.7B | $37.5B | ||
| Q3 24 | $12.7B | $38.5B | ||
| Q2 24 | $12.5B | $38.4B |
负债/权益比ARMKMPLX
| Q1 26 | 1.94× | — | ||
| Q4 25 | 1.71× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.03× | — | ||
| Q1 25 | 2.02× | — | ||
| Q4 24 | 1.61× | — | ||
| Q3 24 | 1.42× | — | ||
| Q2 24 | 1.71× | — |
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 | $-782.2M | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $-904.4M | $782.0M |
| 自由现金流率自由现金流/营收 | -18.7% | 31.9% |
| 资本支出强度资本支出/营收 | 2.5% | 29.1% |
| 现金转化率经营现金流/净利润 | -8.13× | 1.24× |
| 过去12个月自由现金流最近4个季度 | — | $4.1B |
8季度趋势，按日历期对齐
经营现金流ARMKMPLX
| Q1 26 | $-782.2M | — | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | $76.7M | $1.7B | ||
| Q1 25 | $255.9M | $1.2B | ||
| Q4 24 | $-587.2M | $1.7B | ||
| Q3 24 | $1.0B | $1.4B | ||
| Q2 24 | $140.7M | $1.6B |
自由现金流ARMKMPLX
| Q1 26 | $-904.4M | — | ||
| Q4 25 | — | $782.0M | ||
| Q3 25 | — | $905.0M | ||
| Q2 25 | $-34.7M | $1.4B | ||
| Q1 25 | $140.1M | $979.0M | ||
| Q4 24 | $-707.0M | $1.4B | ||
| Q3 24 | $882.3M | $1.1B | ||
| Q2 24 | $55.6M | $1.4B |
自由现金流率ARMKMPLX
| Q1 26 | -18.7% | — | ||
| Q4 25 | — | 31.9% | ||
| Q3 25 | — | 36.8% | ||
| Q2 25 | -0.8% | 60.9% | ||
| Q1 25 | 3.3% | 39.8% | ||
| Q4 24 | -15.5% | 56.6% | ||
| Q3 24 | 20.0% | 48.4% | ||
| Q2 24 | 1.3% | 60.0% |
资本支出强度ARMKMPLX
| Q1 26 | 2.5% | — | ||
| Q4 25 | 2.8% | 29.1% | ||
| Q3 25 | — | 21.4% | ||
| Q2 25 | 2.4% | 12.8% | ||
| Q1 25 | 2.7% | 10.9% | ||
| Q4 24 | 2.6% | 12.7% | ||
| Q3 24 | 3.2% | 11.9% | ||
| Q2 24 | 1.9% | 9.4% |
现金转化率ARMKMPLX
| Q1 26 | -8.13× | — | ||
| Q4 25 | — | 1.24× | ||
| Q3 25 | — | 0.92× | ||
| Q2 25 | 1.07× | 1.64× | ||
| Q1 25 | 4.14× | 1.10× | ||
| Q4 24 | -5.56× | 1.51× | ||
| Q3 24 | 8.35× | 1.35× | ||
| Q2 24 | 2.42× | 1.32× |
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
ARMK
| Education | $1.1B | 22% |
| Sports Leisure Corrections | $961.2M | 20% |
| Food And Support Services International | $847.8M | 18% |
| Other | $621.6M | 13% |
| Businessand Industry | $510.6M | 11% |
| Health Care | $421.3M | 9% |
| Facility Services | $382.9M | 8% |
MPLX
| Services | $746.0M | 30% |
| Other | $675.0M | 28% |
| Products | $492.0M | 20% |
| Nonrelated Party | $186.0M | 8% |
| Related Party | $151.0M | 6% |
| Crude Oil And Products Logistics | $104.0M | 4% |
| Service Other | $56.0M | 2% |
| Natural Gas And NGL Services | $41.0M | 2% |
