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Archrock, Inc.（AROC）与ENTERPRISE PRODUCTS PARTNERS L.P.（EPD）财务数据对比。点击上方公司名可切换其他公司
ENTERPRISE PRODUCTS PARTNERS L.P.的季度营收约是Archrock, Inc.的36.6倍（$13.8B vs $377.1M）。Archrock, Inc.净利率更高（31.0% vs 11.9%，领先19.0%）。Archrock, Inc.同比增速更快（15.5% vs -2.9%）。过去两年Archrock, Inc.的营收复合增速更高（18.5% vs -3.3%）
Archrock, Inc. 是领先的天然气压缩服务及相关设备解决方案供应商，主要服务北美油气领域，核心业务涵盖压缩系统租赁、维护、售后支持及销售，覆盖上游生产、中游运输与天然气加工板块。
Enterprise Products Partners L.P.是总部位于美国得克萨斯州休斯敦的中游能源企业，主营天然气与原油管道业务，2004年9月收购GulfTerra，2018年位列美国《财富》500强第105位，丹·邓肯2010年去世前为该公司第一大股东。
AROC vs EPD — 直观对比
营收规模更大
EPD
是对方的36.6倍
$377.1M
营收增速更快
AROC
高出18.4%
-2.9%
净利率更高
AROC
高出19.0%
11.9%
两年增速更快
AROC
近两年复合增速
-3.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $377.1M | $13.8B |
| 净利润 | $116.8M | $1.6B |
| 毛利率 | 53.0% | 27.0% |
| 营业利润率 | 39.4% | 14.7% |
| 净利率 | 31.0% | 11.9% |
| 营收同比 | 15.5% | -2.9% |
| 净利润同比 | 95.4% | 1.5% |
| 每股收益（稀释后） | $0.67 | — |
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AROCEPD
| Q4 25 | $377.1M | $13.8B | ||
| Q3 25 | $382.4M | $12.0B | ||
| Q2 25 | $383.2M | $11.4B | ||
| Q1 25 | $347.2M | $15.4B | ||
| Q4 24 | $326.4M | $14.2B | ||
| Q3 24 | $292.2M | $13.8B | ||
| Q2 24 | $270.5M | $13.5B | ||
| Q1 24 | $268.5M | $14.8B |
净利润AROCEPD
| Q4 25 | $116.8M | $1.6B | ||
| Q3 25 | $71.2M | $1.3B | ||
| Q2 25 | $63.4M | $1.4B | ||
| Q1 25 | $70.8M | $1.4B | ||
| Q4 24 | $59.8M | $1.6B | ||
| Q3 24 | $37.5M | $1.4B | ||
| Q2 24 | $34.4M | $1.4B | ||
| Q1 24 | $40.5M | $1.5B |
毛利率AROCEPD
| Q4 25 | 53.0% | 27.0% | ||
| Q3 25 | 48.5% | 28.6% | ||
| Q2 25 | 45.4% | 30.5% | ||
| Q1 25 | 47.4% | 22.1% | ||
| Q4 24 | 46.3% | 25.3% | ||
| Q3 24 | 44.4% | 24.6% | ||
| Q2 24 | 41.5% | 24.5% | ||
| Q1 24 | 42.1% | 22.7% |
营业利润率AROCEPD
| Q4 25 | 39.4% | 14.7% | ||
| Q3 25 | 25.3% | 14.0% | ||
| Q2 25 | 22.5% | 15.8% | ||
| Q1 25 | 26.5% | 11.4% | ||
| Q4 24 | 24.0% | 13.9% | ||
| Q3 24 | 18.1% | 12.9% | ||
| Q2 24 | 17.6% | 13.1% | ||
| Q1 24 | 20.0% | 12.3% |
净利率AROCEPD
| Q4 25 | 31.0% | 11.9% | ||
| Q3 25 | 18.6% | 11.1% | ||
| Q2 25 | 16.6% | 12.6% | ||
| Q1 25 | 20.4% | 9.0% | ||
| Q4 24 | 18.3% | 11.4% | ||
| Q3 24 | 12.8% | 10.3% | ||
| Q2 24 | 12.7% | 10.4% | ||
| Q1 24 | 15.1% | 9.9% |
每股收益（稀释后）AROCEPD
| Q4 25 | $0.67 | — | ||
| Q3 25 | $0.40 | — | ||
| Q2 25 | $0.36 | — | ||
| Q1 25 | $0.40 | — | ||
| Q4 24 | $0.35 | — | ||
| Q3 24 | $0.22 | — | ||
| Q2 24 | $0.22 | — | ||
| Q1 24 | $0.26 | — |
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 | $1.6M | $969.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | — |
| 总资产 | $4.3B | $77.9B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AROCEPD
| Q4 25 | $1.6M | $969.0M | ||
| Q3 25 | $4.1M | $206.0M | ||
| Q2 25 | $5.9M | $870.0M | ||
| Q1 25 | $4.8M | $220.0M | ||
| Q4 24 | $4.4M | $583.0M | ||
| Q3 24 | $3.7M | $1.4B | ||
| Q2 24 | $919.0K | $138.0M | ||
| Q1 24 | $1.2M | $283.0M |
股东权益AROCEPD
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $894.5M | — | ||
| Q1 24 | $882.1M | — |
总资产AROCEPD
| Q4 25 | $4.3B | $77.9B | ||
| Q3 25 | $4.4B | $77.8B | ||
| Q2 25 | $4.4B | $77.4B | ||
| Q1 25 | $4.0B | $75.4B | ||
| Q4 24 | $3.8B | $77.2B | ||
| Q3 24 | $3.8B | $75.1B | ||
| Q2 24 | $2.7B | $73.6B | ||
| Q1 24 | $2.7B | $71.4B |
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 | $214.5M | $2.5B |
| 自由现金流经营现金流 - 资本支出 | $126.7M | — |
| 自由现金流率自由现金流/营收 | 33.6% | — |
| 资本支出强度资本支出/营收 | 23.3% | — |
| 现金转化率经营现金流/净利润 | 1.84× | 1.50× |
| 过去12个月自由现金流最近4个季度 | $119.6M | — |
8季度趋势，按日历期对齐
经营现金流AROCEPD
| Q4 25 | $214.5M | $2.5B | ||
| Q3 25 | $164.5M | $1.7B | ||
| Q2 25 | $127.5M | $2.1B | ||
| Q1 25 | $115.6M | $2.3B | ||
| Q4 24 | $124.3M | $2.4B | ||
| Q3 24 | $96.9M | $2.1B | ||
| Q2 24 | $70.7M | $1.6B | ||
| Q1 24 | $137.7M | $2.1B |
自由现金流AROCEPD
| Q4 25 | $126.7M | — | ||
| Q3 25 | $29.5M | — | ||
| Q2 25 | $16.0M | $762.0M | ||
| Q1 25 | $-52.5M | $1.3B | ||
| Q4 24 | $26.4M | $1.3B | ||
| Q3 24 | $26.9M | $898.0M | ||
| Q2 24 | $-20.6M | $310.0M | ||
| Q1 24 | $37.9M | $1.1B |
自由现金流率AROCEPD
| Q4 25 | 33.6% | — | ||
| Q3 25 | 7.7% | — | ||
| Q2 25 | 4.2% | 6.7% | ||
| Q1 25 | -15.1% | 8.1% | ||
| Q4 24 | 8.1% | 9.1% | ||
| Q3 24 | 9.2% | 6.5% | ||
| Q2 24 | -7.6% | 2.3% | ||
| Q1 24 | 14.1% | 7.2% |
资本支出强度AROCEPD
| Q4 25 | 23.3% | — | ||
| Q3 25 | 35.3% | — | ||
| Q2 25 | 29.1% | 11.4% | ||
| Q1 25 | 48.4% | 6.9% | ||
| Q4 24 | 30.0% | 7.5% | ||
| Q3 24 | 24.0% | 8.5% | ||
| Q2 24 | 33.7% | 9.4% | ||
| Q1 24 | 37.2% | 7.1% |
现金转化率AROCEPD
| Q4 25 | 1.84× | 1.50× | ||
| Q3 25 | 2.31× | 1.30× | ||
| Q2 25 | 2.01× | 1.44× | ||
| Q1 25 | 1.63× | 1.66× | ||
| Q4 24 | 2.08× | 1.46× | ||
| Q3 24 | 2.58× | 1.46× | ||
| Q2 24 | 2.05× | 1.12× | ||
| Q1 24 | 3.40× | 1.45× |
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
AROC
| Horsepower Group Three | $112.6M | 30% |
| Horsepower Group Two | $108.5M | 29% |
| Horsepower Group One | $105.9M | 28% |
| Services | $32.9M | 9% |
| Over Counter Parts And Component Sales | $17.0M | 5% |
| Transferred At Point In Time | $1.4M | 0% |
EPD
| Sales Of Crude Oil | $5.2B | 37% |
| Sales Of NG Ls And Related Products | $4.3B | 31% |
| Petrochemical And Refined Products Services | $2.3B | 17% |
| Oil And Gas Service | $740.0M | 5% |
| Sales Of Natural Gas | $462.0M | 3% |
| Transportation | $365.0M | 3% |
| Natural Gas Processing And Fractionation | $272.0M | 2% |
| Equity Method Investee | $14.0M | 0% |
