vs
CrossAmerica Partners LP（CAPL）与雪佛龙（CVX）财务数据对比。点击上方公司名可切换其他公司
雪佛龙的季度营收约是CrossAmerica Partners LP的52.9倍（$45.8B vs $866.3M）。雪佛龙净利率更高（6.0% vs 1.2%，领先4.9%）。雪佛龙同比增速更快（-5.3% vs -8.3%）。雪佛龙自由现金流更多（$5.5B vs $22.4M）。过去两年雪佛龙的营收复合增速更高（-0.9% vs -4.1%）
塔峰资本合伙人（TowerBrook Capital Partners）是一家总部位于伦敦和纽约的投资管理公司，2005年从索罗斯基金管理分拆独立。该机构主打私募股权及结构性机会投资，曾收购奢侈品品牌Jimmy Choo控股权，截至2025年其管理规模超250亿美元，官网公示在管投资项目共110个。
雪佛龙是美国知名跨国能源企业，主营业务为石油和天然气相关业务，是标准石油拆分后的第二大直系子公司，前身为加利福尼亚标准石油公司，目前业务布局覆盖全球超过180个国家，在全球能源市场占据重要地位。
CAPL vs CVX — 直观对比
营收规模更大
CVX
是对方的52.9倍
$866.3M
营收增速更快
CVX
高出3.0%
-8.3%
净利率更高
CVX
高出4.9%
1.2%
自由现金流更多
CVX
多$5.5B
$22.4M
两年增速更快
CVX
近两年复合增速
-4.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $866.3M | $45.8B |
| 净利润 | $10.2M | $2.8B |
| 毛利率 | 12.4% | 44.6% |
| 营业利润率 | 3.0% | 10.0% |
| 净利率 | 1.2% | 6.0% |
| 营收同比 | -8.3% | -5.3% |
| 净利润同比 | -39.6% | -14.5% |
| 每股收益（稀释后） | $0.24 | $1.36 |
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CAPLCVX
| Q4 25 | $866.3M | $45.8B | ||
| Q3 25 | $971.8M | $48.2B | ||
| Q2 25 | $961.9M | $44.4B | ||
| Q1 25 | $862.5M | $46.1B | ||
| Q4 24 | $944.2M | $48.3B | ||
| Q3 24 | $1.1B | $48.9B | ||
| Q2 24 | $1.1B | $49.6B | ||
| Q1 24 | $941.5M | $46.6B |
净利润CAPLCVX
| Q4 25 | $10.2M | $2.8B | ||
| Q3 25 | $13.6M | $3.5B | ||
| Q2 25 | $25.2M | $2.5B | ||
| Q1 25 | $-7.1M | $3.5B | ||
| Q4 24 | $16.9M | $3.2B | ||
| Q3 24 | $10.7M | $4.5B | ||
| Q2 24 | $12.4M | $4.4B | ||
| Q1 24 | $-17.5M | $5.5B |
毛利率CAPLCVX
| Q4 25 | 12.4% | 44.6% | ||
| Q3 25 | 10.8% | 43.1% | ||
| Q2 25 | 10.5% | 39.5% | ||
| Q1 25 | 10.4% | 37.9% | ||
| Q4 24 | 10.7% | 37.6% | ||
| Q3 24 | 10.3% | 37.8% | ||
| Q2 24 | 9.2% | 37.7% | ||
| Q1 24 | 8.6% | 40.4% |
营业利润率CAPLCVX
| Q4 25 | 3.0% | 10.0% | ||
| Q3 25 | 2.9% | 11.2% | ||
| Q2 25 | 4.3% | 9.3% | ||
| Q1 25 | 0.2% | 12.1% | ||
| Q4 24 | 3.0% | 12.5% | ||
| Q3 24 | 2.5% | 13.3% | ||
| Q2 24 | 2.5% | 14.2% | ||
| Q1 24 | -1.4% | 17.0% |
净利率CAPLCVX
| Q4 25 | 1.2% | 6.0% | ||
| Q3 25 | 1.4% | 7.3% | ||
| Q2 25 | 2.6% | 5.6% | ||
| Q1 25 | -0.8% | 7.6% | ||
| Q4 24 | 1.8% | 6.7% | ||
| Q3 24 | 1.0% | 9.2% | ||
| Q2 24 | 1.1% | 8.9% | ||
| Q1 24 | -1.9% | 11.8% |
每股收益（稀释后）CAPLCVX
| Q4 25 | $0.24 | $1.36 | ||
| Q3 25 | $0.34 | $1.82 | ||
| Q2 25 | $0.64 | $1.45 | ||
| Q1 25 | $-0.20 | $2.00 | ||
| Q4 24 | $0.42 | $1.84 | ||
| Q3 24 | $0.27 | $2.48 | ||
| Q2 24 | $0.31 | $2.43 | ||
| Q1 24 | $-0.48 | $2.97 |
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 | $3.1M | — |
| 总债务越低越好 | $687.2M | $39.8B |
| 股东权益账面价值 | — | $186.4B |
| 总资产 | $964.7M | $324.0B |
| 负债/权益比越低杠杆越低 | — | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资CAPLCVX
| Q4 25 | $3.1M | — | ||
| Q3 25 | $5.8M | — | ||
| Q2 25 | $9.7M | — | ||
| Q1 25 | $6.7M | — | ||
| Q4 24 | $3.4M | — | ||
| Q3 24 | $7.8M | — | ||
| Q2 24 | $5.5M | $4.0B | ||
| Q1 24 | $6.3M | $6.3B |
总债务CAPLCVX
| Q4 25 | $687.2M | $39.8B | ||
| Q3 25 | $700.8M | — | ||
| Q2 25 | $722.7M | — | ||
| Q1 25 | $774.1M | — | ||
| Q4 24 | $763.9M | $20.1B | ||
| Q3 24 | $769.2M | — | ||
| Q2 24 | $786.7M | — | ||
| Q1 24 | $795.8M | — |
股东权益CAPLCVX
| Q4 25 | — | $186.4B | ||
| Q3 25 | — | $189.8B | ||
| Q2 25 | — | $146.4B | ||
| Q1 25 | — | $149.2B | ||
| Q4 24 | — | $152.3B | ||
| Q3 24 | — | $156.2B | ||
| Q2 24 | — | $159.2B | ||
| Q1 24 | — | $160.6B |
总资产CAPLCVX
| Q4 25 | $964.7M | $324.0B | ||
| Q3 25 | $998.9M | $326.5B | ||
| Q2 25 | $1.0B | $250.8B | ||
| Q1 25 | $1.1B | $256.4B | ||
| Q4 24 | $1.1B | $256.9B | ||
| Q3 24 | $1.1B | $259.2B | ||
| Q2 24 | $1.2B | $260.6B | ||
| Q1 24 | $1.2B | $261.7B |
负债/权益比CAPLCVX
| Q4 25 | — | 0.21× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $29.4M | $10.8B |
| 自由现金流经营现金流 - 资本支出 | $22.4M | $5.5B |
| 自由现金流率自由现金流/营收 | 2.6% | 12.1% |
| 资本支出强度资本支出/营收 | 0.8% | 11.5% |
| 现金转化率经营现金流/净利润 | 2.89× | 3.89× |
| 过去12个月自由现金流最近4个季度 | $55.8M | $16.6B |
8季度趋势，按日历期对齐
经营现金流CAPLCVX
| Q4 25 | $29.4M | $10.8B | ||
| Q3 25 | $24.4M | $9.4B | ||
| Q2 25 | $22.6M | $8.6B | ||
| Q1 25 | $15.0M | $5.2B | ||
| Q4 24 | $11.1M | $8.7B | ||
| Q3 24 | $41.9M | $9.7B | ||
| Q2 24 | $28.9M | $6.3B | ||
| Q1 24 | $5.8M | $6.8B |
自由现金流CAPLCVX
| Q4 25 | $22.4M | $5.5B | ||
| Q3 25 | $17.7M | $4.9B | ||
| Q2 25 | $10.8M | $4.9B | ||
| Q1 25 | $4.9M | $1.3B | ||
| Q4 24 | $3.9M | $4.4B | ||
| Q3 24 | $34.2M | $5.6B | ||
| Q2 24 | $23.6M | $2.3B | ||
| Q1 24 | $-289.0K | $2.7B |
自由现金流率CAPLCVX
| Q4 25 | 2.6% | 12.1% | ||
| Q3 25 | 1.8% | 10.3% | ||
| Q2 25 | 1.1% | 11.0% | ||
| Q1 25 | 0.6% | 2.7% | ||
| Q4 24 | 0.4% | 9.0% | ||
| Q3 24 | 3.2% | 11.5% | ||
| Q2 24 | 2.1% | 4.7% | ||
| Q1 24 | -0.0% | 5.9% |
资本支出强度CAPLCVX
| Q4 25 | 0.8% | 11.5% | ||
| Q3 25 | 0.7% | 9.2% | ||
| Q2 25 | 1.2% | 8.4% | ||
| Q1 25 | 1.2% | 8.5% | ||
| Q4 24 | 0.8% | 9.0% | ||
| Q3 24 | 0.7% | 8.3% | ||
| Q2 24 | 0.5% | 8.0% | ||
| Q1 24 | 0.6% | 8.8% |
现金转化率CAPLCVX
| Q4 25 | 2.89× | 3.89× | ||
| Q3 25 | 1.79× | 2.65× | ||
| Q2 25 | 0.90× | 3.44× | ||
| Q1 25 | — | 1.48× | ||
| Q4 24 | 0.66× | 2.68× | ||
| Q3 24 | 3.92× | 2.16× | ||
| Q2 24 | 2.33× | 1.42× | ||
| Q1 24 | — | 1.24× |
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
CAPL
| Retail Segment | $505.3M | 58% |
| Wholesale | $360.9M | 42% |
| Other | $1.2M | 0% |
CVX
| Other | $17.5B | 38% |
| Downstream Segment | $16.8B | 37% |
| Upstream Segment | $11.5B | 25% |
