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CrossAmerica Partners LP（CAPL）与Globe Life（GL）财务数据对比。点击上方公司名可切换其他公司
Globe Life的季度营收约是CrossAmerica Partners LP的1.8倍（$1.6B vs $866.3M），Globe Life净利率更高（17.3% vs 1.2%，领先16.2%），Globe Life同比增速更快（5.3% vs -8.3%），过去两年Globe Life的营收复合增速更高（4.1% 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。
Globe Life Inc.（股票代码：GL）是总部位于美国得克萨斯州麦金尼的金融服务控股公司，在纽约证券交易所上市，通过旗下全资子公司开展业务，主营人寿保险、年金产品及补充健康保险产品。
CAPL vs GL — 直观对比
营收规模更大
GL
是对方的1.8倍
$866.3M
营收增速更快
GL
高出13.6%
-8.3%
净利率更高
GL
高出16.2%
1.2%
两年增速更快
GL
近两年复合增速
-4.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $866.3M | $1.6B |
| 净利润 | $10.2M | $270.5M |
| 毛利率 | 12.4% | — |
| 营业利润率 | 3.0% | — |
| 净利率 | 1.2% | 17.3% |
| 营收同比 | -8.3% | 5.3% |
| 净利润同比 | -39.6% | 6.3% |
| 每股收益（稀释后） | $0.24 | $3.39 |
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CAPLGL
| Q1 26 | — | $1.6B | ||
| Q4 25 | $866.3M | $1.5B | ||
| Q3 25 | $971.8M | $1.5B | ||
| Q2 25 | $961.9M | $1.5B | ||
| Q1 25 | $862.5M | $1.5B | ||
| Q4 24 | $944.2M | $1.5B | ||
| Q3 24 | $1.1B | $1.5B | ||
| Q2 24 | $1.1B | $1.4B |
净利润CAPLGL
| Q1 26 | — | $270.5M | ||
| Q4 25 | $10.2M | $266.1M | ||
| Q3 25 | $13.6M | $387.8M | ||
| Q2 25 | $25.2M | $252.7M | ||
| Q1 25 | $-7.1M | $254.6M | ||
| Q4 24 | $16.9M | $255.2M | ||
| Q3 24 | $10.7M | $303.0M | ||
| Q2 24 | $12.4M | $258.4M |
毛利率CAPLGL
| Q1 26 | — | — | ||
| Q4 25 | 12.4% | — | ||
| Q3 25 | 10.8% | — | ||
| Q2 25 | 10.5% | — | ||
| Q1 25 | 10.4% | — | ||
| Q4 24 | 10.7% | — | ||
| Q3 24 | 10.3% | 26.1% | ||
| Q2 24 | 9.2% | 23.3% |
营业利润率CAPLGL
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 21.7% | ||
| Q3 25 | 2.9% | 31.5% | ||
| Q2 25 | 4.3% | 21.2% | ||
| Q1 25 | 0.2% | 21.4% | ||
| Q4 24 | 3.0% | 21.3% | ||
| Q3 24 | 2.5% | 26.3% | ||
| Q2 24 | 2.5% | 23.5% |
净利率CAPLGL
| Q1 26 | — | 17.3% | ||
| Q4 25 | 1.2% | 17.5% | ||
| Q3 25 | 1.4% | 25.6% | ||
| Q2 25 | 2.6% | 17.1% | ||
| Q1 25 | -0.8% | 17.2% | ||
| Q4 24 | 1.8% | 17.4% | ||
| Q3 24 | 1.0% | 20.8% | ||
| Q2 24 | 1.1% | 17.9% |
每股收益（稀释后）CAPLGL
| Q1 26 | — | $3.39 | ||
| Q4 25 | $0.24 | $3.28 | ||
| Q3 25 | $0.34 | $4.73 | ||
| Q2 25 | $0.64 | $3.05 | ||
| Q1 25 | $-0.20 | $3.01 | ||
| Q4 24 | $0.42 | $3.00 | ||
| Q3 24 | $0.27 | $3.44 | ||
| Q2 24 | $0.31 | $2.83 |
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 | $183.8M |
| 总债务越低越好 | $687.2M | — |
| 股东权益账面价值 | — | $6.1B |
| 总资产 | $964.7M | — |
| 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CAPLGL
| Q1 26 | — | $183.8M | ||
| Q4 25 | $3.1M | $314.7M | ||
| Q3 25 | $5.8M | $62.8M | ||
| Q2 25 | $9.7M | $116.7M | ||
| Q1 25 | $6.7M | $134.1M | ||
| Q4 24 | $3.4M | $85.0M | ||
| Q3 24 | $7.8M | $100.5M | ||
| Q2 24 | $5.5M | $100.6M |
总债务CAPLGL
| Q1 26 | — | — | ||
| 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 | — |
股东权益CAPLGL
| Q1 26 | — | $6.1B | ||
| Q4 25 | — | $6.0B | ||
| Q3 25 | — | $5.7B | ||
| Q2 25 | — | $5.4B | ||
| Q1 25 | — | $5.4B | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | — | $5.2B |
总资产CAPLGL
| Q1 26 | — | — | ||
| Q4 25 | $964.7M | $30.8B | ||
| Q3 25 | $998.9M | $30.5B | ||
| Q2 25 | $1.0B | $29.8B | ||
| Q1 25 | $1.1B | $29.7B | ||
| Q4 24 | $1.1B | $29.1B | ||
| Q3 24 | $1.1B | $29.6B | ||
| Q2 24 | $1.2B | $28.3B |
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 | — |
| 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× | — |
| 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CAPLGL
| Q1 26 | — | — | ||
| Q4 25 | $29.4M | $350.6M | ||
| Q3 25 | $24.4M | $306.0M | ||
| Q2 25 | $22.6M | $307.9M | ||
| Q1 25 | $15.0M | $431.9M | ||
| Q4 24 | $11.1M | $336.9M | ||
| Q3 24 | $41.9M | $340.6M | ||
| Q2 24 | $28.9M | $374.1M |
自由现金流CAPLGL
| Q1 26 | — | — | ||
| Q4 25 | $22.4M | $330.1M | ||
| Q3 25 | $17.7M | $208.7M | ||
| Q2 25 | $10.8M | $295.0M | ||
| Q1 25 | $4.9M | $420.1M | ||
| Q4 24 | $3.9M | $321.9M | ||
| Q3 24 | $34.2M | $311.3M | ||
| Q2 24 | $23.6M | $356.5M |
自由现金流率CAPLGL
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 21.7% | ||
| Q3 25 | 1.8% | 13.8% | ||
| Q2 25 | 1.1% | 19.9% | ||
| Q1 25 | 0.6% | 28.4% | ||
| Q4 24 | 0.4% | 22.0% | ||
| Q3 24 | 3.2% | 21.4% | ||
| Q2 24 | 2.1% | 24.8% |
资本支出强度CAPLGL
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | 1.3% | ||
| Q3 25 | 0.7% | 6.4% | ||
| Q2 25 | 1.2% | 0.9% | ||
| Q1 25 | 1.2% | 0.8% | ||
| Q4 24 | 0.8% | 1.0% | ||
| Q3 24 | 0.7% | 2.0% | ||
| Q2 24 | 0.5% | 1.2% |
现金转化率CAPLGL
| Q1 26 | — | — | ||
| Q4 25 | 2.89× | 1.32× | ||
| Q3 25 | 1.79× | 0.79× | ||
| Q2 25 | 0.90× | 1.22× | ||
| Q1 25 | — | 1.70× | ||
| Q4 24 | 0.66× | 1.32× | ||
| Q3 24 | 3.92× | 1.12× | ||
| Q2 24 | 2.33× | 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
CAPL
| Retail Segment | $505.3M | 58% |
| Wholesale | $360.9M | 42% |
| Other | $1.2M | 0% |
GL
| Life premium | $853.2M | 55% |
| Health premium | $416.9M | 27% |
| Other | $289.5M | 19% |
