vs
波尔公司（BALL）与GLOBAL PARTNERS LP（GLP）财务数据对比。点击上方公司名可切换其他公司
波尔公司的季度营收约是GLOBAL PARTNERS LP的1.6倍（$3.6B vs $2.2B），波尔公司净利率更高（5.7% vs 1.1%，领先4.6%），波尔公司同比增速更快（16.3% vs 7.0%），GLOBAL PARTNERS LP自由现金流更多（$62.2M vs $-938.0M），过去两年波尔公司的营收复合增速更高（10.3% vs 0.2%）
波尔公司是全球领先的可持续铝制包装解决方案供应商，为饮料、个护、家居产品领域的品牌提供创新包装产品，同时旗下航空航天板块为政府及商业客户提供先进技术、系统与相关服务，全业务线高度重视环保责任与产品可靠性。
Global Partners LP是一家美国能源供应企业，2018年位列《财富》世界500强第361位，采用业主有限合伙制架构，核心业务为石油产品进口，深耕北美市场开展营销活动，批发的产品涵盖原油、柴油、汽油、取暖油及煤油等品类。
BALL vs GLP — 直观对比
营收规模更大
BALL
是对方的1.6倍
$2.2B
营收增速更快
BALL
高出9.4%
7.0%
净利率更高
BALL
高出4.6%
1.1%
自由现金流更多
GLP
多$1.0B
$-938.0M
两年增速更快
BALL
近两年复合增速
0.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.6B | $2.2B |
| 净利润 | $205.0M | $25.1M |
| 毛利率 | — | 11.9% |
| 营业利润率 | — | 2.6% |
| 净利率 | 5.7% | 1.1% |
| 营收同比 | 16.3% | 7.0% |
| 净利润同比 | 14.5% | 5.0% |
| 每股收益（稀释后） | $0.77 | — |
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BALLGLP
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.3B | $2.2B | ||
| Q3 25 | $3.4B | $2.2B | ||
| Q2 25 | $3.3B | $2.1B | ||
| Q1 25 | $3.1B | $2.2B | ||
| Q4 24 | $2.9B | $2.1B | ||
| Q3 24 | $3.1B | $2.1B | ||
| Q2 24 | $3.0B | $2.3B |
净利润BALLGLP
| Q1 26 | $205.0M | — | ||
| Q4 25 | $200.0M | $25.1M | ||
| Q3 25 | $321.0M | $29.0M | ||
| Q2 25 | $215.0M | $25.2M | ||
| Q1 25 | $179.0M | $18.7M | ||
| Q4 24 | $-30.0M | $23.9M | ||
| Q3 24 | $199.0M | $45.9M | ||
| Q2 24 | $159.0M | $46.1M |
毛利率BALLGLP
| Q1 26 | — | — | ||
| Q4 25 | — | 11.9% | ||
| Q3 25 | — | 12.1% | ||
| Q2 25 | — | 13.1% | ||
| Q1 25 | — | 11.7% | ||
| Q4 24 | — | 13.0% | ||
| Q3 24 | 17.7% | 13.4% | ||
| Q2 24 | 16.5% | 12.6% |
营业利润率BALLGLP
| Q1 26 | — | — | ||
| Q4 25 | 7.2% | 2.6% | ||
| Q3 25 | 11.6% | 2.7% | ||
| Q2 25 | 8.0% | 2.9% | ||
| Q1 25 | 7.4% | 2.6% | ||
| Q4 24 | 0.2% | 2.8% | ||
| Q3 24 | 7.4% | 3.9% | ||
| Q2 24 | 6.8% | 3.7% |
净利率BALLGLP
| Q1 26 | 5.7% | — | ||
| Q4 25 | 6.0% | 1.1% | ||
| Q3 25 | 9.5% | 1.3% | ||
| Q2 25 | 6.4% | 1.2% | ||
| Q1 25 | 5.8% | 0.9% | ||
| Q4 24 | -1.0% | 1.2% | ||
| Q3 24 | 6.5% | 2.1% | ||
| Q2 24 | 5.4% | 2.0% |
每股收益（稀释后）BALLGLP
| Q1 26 | $0.77 | — | ||
| Q4 25 | $0.73 | — | ||
| Q3 25 | $1.18 | — | ||
| Q2 25 | $0.76 | — | ||
| Q1 25 | $0.63 | — | ||
| Q4 24 | $0.23 | — | ||
| Q3 24 | $0.65 | — | ||
| Q2 24 | $0.51 | — |
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 | $730.0M | — |
| 总债务越低越好 | $7.0B | — |
| 股东权益账面价值 | $5.6B | — |
| 总资产 | $19.8B | $3.9B |
| 负债/权益比越低杠杆越低 | 1.25× | — |
8季度趋势，按日历期对齐
现金及短期投资BALLGLP
| Q1 26 | $730.0M | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $568.0M | — | ||
| Q2 25 | $296.0M | — | ||
| Q1 25 | $449.0M | — | ||
| Q4 24 | $885.0M | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.3B | — |
总债务BALLGLP
| Q1 26 | $7.0B | — | ||
| Q4 25 | $7.0B | — | ||
| Q3 25 | $6.9B | — | ||
| Q2 25 | $6.5B | — | ||
| Q1 25 | $6.1B | — | ||
| Q4 24 | $5.3B | — | ||
| Q3 24 | $5.4B | — | ||
| Q2 24 | $5.5B | — |
股东权益BALLGLP
| Q1 26 | $5.6B | — | ||
| Q4 25 | $5.4B | — | ||
| Q3 25 | $5.4B | — | ||
| Q2 25 | $5.2B | — | ||
| Q1 25 | $5.5B | — | ||
| Q4 24 | $5.9B | — | ||
| Q3 24 | $6.7B | — | ||
| Q2 24 | $6.9B | — |
总资产BALLGLP
| Q1 26 | $19.8B | — | ||
| Q4 25 | $19.5B | $3.9B | ||
| Q3 25 | $18.7B | $3.7B | ||
| Q2 25 | $18.6B | $3.8B | ||
| Q1 25 | $18.0B | $3.8B | ||
| Q4 24 | $17.6B | $3.8B | ||
| Q3 24 | $18.8B | $3.7B | ||
| Q2 24 | $19.0B | $3.8B |
负债/权益比BALLGLP
| Q1 26 | 1.25× | — | ||
| Q4 25 | 1.29× | — | ||
| Q3 25 | 1.26× | — | ||
| Q2 25 | 1.24× | — | ||
| Q1 25 | 1.12× | — | ||
| Q4 24 | 0.91× | — | ||
| Q3 24 | 0.80× | — | ||
| Q2 24 | 0.80× | — |
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 | — | $101.0M |
| 自由现金流经营现金流 - 资本支出 | $-938.0M | $62.2M |
| 自由现金流率自由现金流/营收 | -26.0% | 2.8% |
| 资本支出强度资本支出/营收 | 4.5% | 1.8% |
| 现金转化率经营现金流/净利润 | — | 4.03× |
| 过去12个月自由现金流最近4个季度 | $596.0M | $193.3M |
8季度趋势，按日历期对齐
经营现金流BALLGLP
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $101.0M | ||
| Q3 25 | $384.0M | $19.0M | ||
| Q2 25 | $332.0M | $216.3M | ||
| Q1 25 | $-665.0M | $-51.6M | ||
| Q4 24 | $500.0M | $67.2M | ||
| Q3 24 | $610.0M | $122.7M | ||
| Q2 24 | $252.0M | $24.3M |
自由现金流BALLGLP
| Q1 26 | $-938.0M | — | ||
| Q4 25 | $1.0B | $62.2M | ||
| Q3 25 | $257.0M | $-678.0K | ||
| Q2 25 | $236.0M | $201.3M | ||
| Q1 25 | $-746.0M | $-69.5M | ||
| Q4 24 | $393.0M | $20.4M | ||
| Q3 24 | $493.0M | $98.4M | ||
| Q2 24 | $146.0M | $8.7M |
自由现金流率BALLGLP
| Q1 26 | -26.0% | — | ||
| Q4 25 | 31.1% | 2.8% | ||
| Q3 25 | 7.6% | -0.0% | ||
| Q2 25 | 7.1% | 9.7% | ||
| Q1 25 | -24.1% | -3.2% | ||
| Q4 24 | 13.6% | 1.0% | ||
| Q3 24 | 16.0% | 4.6% | ||
| Q2 24 | 4.9% | 0.4% |
资本支出强度BALLGLP
| Q1 26 | 4.5% | — | ||
| Q4 25 | 5.1% | 1.8% | ||
| Q3 25 | 3.8% | 0.9% | ||
| Q2 25 | 2.9% | 0.7% | ||
| Q1 25 | 2.6% | 0.8% | ||
| Q4 24 | 3.7% | 2.3% | ||
| Q3 24 | 3.8% | 1.1% | ||
| Q2 24 | 3.6% | 0.7% |
现金转化率BALLGLP
| Q1 26 | — | — | ||
| Q4 25 | 6.05× | 4.03× | ||
| Q3 25 | 1.20× | 0.66× | ||
| Q2 25 | 1.54× | 8.58× | ||
| Q1 25 | -3.72× | -2.76× | ||
| Q4 24 | — | 2.82× | ||
| Q3 24 | 3.07× | 2.67× | ||
| Q2 24 | 1.58× | 0.53× |
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
BALL
| Beverage packaging, North and Central America | $1.8B | 49% |
| Beverage packaging, EMEA | $1.1B | 31% |
| Beverage packaging, South America | $585.0M | 16% |
| Other | $131.0M | 4% |
GLP
| Gasoline | $1.0B | 46% |
| Refined Petroleum Products Renewable Fuels Crude Oil And Propane | $884.7M | 40% |
| Commercial Segment | $187.6M | 8% |
| Station Operations | $110.5M | 5% |
