vs
CrossAmerica Partners LP（CAPL）与格罗方德（GFS）财务数据对比。点击上方公司名可切换其他公司
格罗方德的季度营收约是CrossAmerica Partners LP的1.9倍（$1.7B vs $866.3M），格罗方德净利率更高（14.8% vs 1.2%，领先13.6%），格罗方德同比增速更快（-2.9% vs -8.3%），过去两年CrossAmerica Partners LP的营收复合增速更高（-4.1% vs -4.3%）
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。
格罗方德是跨国半导体代工及设计企业，注册地为开曼群岛，总部位于美国纽约州马耳他。公司2009年3月由AMD制造业务分拆成立，2021年10月完成首次公开募股，阿联酋主权财富基金穆巴达拉投资公司目前仍持有其82%的多数股权。
CAPL vs GFS — 直观对比
营收规模更大
GFS
是对方的1.9倍
$866.3M
营收增速更快
GFS
高出5.3%
-8.3%
净利率更高
GFS
高出13.6%
1.2%
两年增速更快
CAPL
近两年复合增速
-4.3%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $866.3M | $1.7B |
| 净利润 | $10.2M | $249.0M |
| 毛利率 | 12.4% | 24.8% |
| 营业利润率 | 3.0% | 11.6% |
| 净利率 | 1.2% | 14.8% |
| 营收同比 | -8.3% | -2.9% |
| 净利润同比 | -39.6% | 39.9% |
| 每股收益（稀释后） | $0.24 | $0.44 |
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CAPLGFS
| Q4 25 | $866.3M | — | ||
| Q3 25 | $971.8M | $1.7B | ||
| Q2 25 | $961.9M | $1.7B | ||
| Q1 25 | $862.5M | $1.6B | ||
| Q4 24 | $944.2M | — | ||
| Q3 24 | $1.1B | $1.7B | ||
| Q2 24 | $1.1B | $1.6B | ||
| Q1 24 | $941.5M | $1.5B |
净利润CAPLGFS
| Q4 25 | $10.2M | — | ||
| Q3 25 | $13.6M | $249.0M | ||
| Q2 25 | $25.2M | $228.0M | ||
| Q1 25 | $-7.1M | $211.0M | ||
| Q4 24 | $16.9M | — | ||
| Q3 24 | $10.7M | $178.0M | ||
| Q2 24 | $12.4M | $155.0M | ||
| Q1 24 | $-17.5M | $134.0M |
毛利率CAPLGFS
| Q4 25 | 12.4% | — | ||
| Q3 25 | 10.8% | 24.8% | ||
| Q2 25 | 10.5% | 24.2% | ||
| Q1 25 | 10.4% | 22.4% | ||
| Q4 24 | 10.7% | — | ||
| Q3 24 | 10.3% | 23.8% | ||
| Q2 24 | 9.2% | 24.2% | ||
| Q1 24 | 8.6% | 25.4% |
营业利润率CAPLGFS
| Q4 25 | 3.0% | — | ||
| Q3 25 | 2.9% | 11.6% | ||
| Q2 25 | 4.3% | 11.6% | ||
| Q1 25 | 0.2% | 9.5% | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | 2.5% | 10.6% | ||
| Q2 24 | 2.5% | 9.5% | ||
| Q1 24 | -1.4% | 9.5% |
净利率CAPLGFS
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.4% | 14.8% | ||
| Q2 25 | 2.6% | 13.5% | ||
| Q1 25 | -0.8% | 13.3% | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 1.0% | 10.2% | ||
| Q2 24 | 1.1% | 9.5% | ||
| Q1 24 | -1.9% | 8.7% |
每股收益（稀释后）CAPLGFS
| Q4 25 | $0.24 | — | ||
| Q3 25 | $0.34 | $0.44 | ||
| Q2 25 | $0.64 | $0.41 | ||
| Q1 25 | $-0.20 | $0.38 | ||
| Q4 24 | $0.42 | — | ||
| Q3 24 | $0.27 | $0.32 | ||
| Q2 24 | $0.31 | $0.28 | ||
| Q1 24 | $-0.48 | $0.24 |
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 | $2.0B |
| 总债务越低越好 | $687.2M | — |
| 股东权益账面价值 | — | $11.8B |
| 总资产 | $964.7M | $16.7B |
| 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CAPLGFS
| Q4 25 | $3.1M | — | ||
| Q3 25 | $5.8M | $2.0B | ||
| Q2 25 | $9.7M | $1.8B | ||
| Q1 25 | $6.7M | $1.6B | ||
| Q4 24 | $3.4M | — | ||
| Q3 24 | $7.8M | $2.3B | ||
| Q2 24 | $5.5M | $2.2B | ||
| Q1 24 | $6.3M | $2.2B |
总债务CAPLGFS
| Q4 25 | $687.2M | — | ||
| Q3 25 | $700.8M | — | ||
| Q2 25 | $722.7M | — | ||
| Q1 25 | $774.1M | — | ||
| Q4 24 | $763.9M | — | ||
| Q3 24 | $769.2M | — | ||
| Q2 24 | $786.7M | — | ||
| Q1 24 | $795.8M | — |
股东权益CAPLGFS
| Q4 25 | — | — | ||
| Q3 25 | — | $11.8B | ||
| Q2 25 | — | $11.5B | ||
| Q1 25 | — | $11.1B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $11.6B | ||
| Q2 24 | — | $11.3B | ||
| Q1 24 | — | $11.3B |
总资产CAPLGFS
| Q4 25 | $964.7M | — | ||
| Q3 25 | $998.9M | $16.7B | ||
| Q2 25 | $1.0B | $16.8B | ||
| Q1 25 | $1.1B | $16.5B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | $18.1B | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
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 | $595.0M |
| 自由现金流经营现金流 - 资本支出 | $22.4M | — |
| 自由现金流率自由现金流/营收 | 2.6% | — |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 现金转化率经营现金流/净利润 | 2.89× | 2.39× |
| 过去12个月自由现金流最近4个季度 | $55.8M | — |
8季度趋势，按日历期对齐
经营现金流CAPLGFS
| Q4 25 | $29.4M | — | ||
| Q3 25 | $24.4M | $595.0M | ||
| Q2 25 | $22.6M | $431.0M | ||
| Q1 25 | $15.0M | $331.0M | ||
| Q4 24 | $11.1M | — | ||
| Q3 24 | $41.9M | $375.0M | ||
| Q2 24 | $28.9M | $402.0M | ||
| Q1 24 | $5.8M | $488.0M |
自由现金流CAPLGFS
| Q4 25 | $22.4M | — | ||
| Q3 25 | $17.7M | — | ||
| Q2 25 | $10.8M | — | ||
| Q1 25 | $4.9M | — | ||
| Q4 24 | $3.9M | — | ||
| Q3 24 | $34.2M | — | ||
| Q2 24 | $23.6M | — | ||
| Q1 24 | $-289.0K | — |
自由现金流率CAPLGFS
| Q4 25 | 2.6% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 2.1% | — | ||
| Q1 24 | -0.0% | — |
资本支出强度CAPLGFS
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 1.2% | — | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 0.8% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | 0.6% | — |
现金转化率CAPLGFS
| Q4 25 | 2.89× | — | ||
| Q3 25 | 1.79× | 2.39× | ||
| Q2 25 | 0.90× | 1.89× | ||
| Q1 25 | — | 1.57× | ||
| Q4 24 | 0.66× | — | ||
| Q3 24 | 3.92× | 2.11× | ||
| Q2 24 | 2.33× | 2.59× | ||
| Q1 24 | — | 3.64× |
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% |
GFS
| Smart Mobile Devices | $752.0M | 45% |
| Automotive | $306.0M | 18% |
| Home And Industrial Io T | $258.0M | 15% |
| Goods Or Services Transferred Over Time | $198.0M | 12% |
| Communications Infrastructure Datacenter | $175.0M | 10% |
