vs
CrossAmerica Partners LP（CAPL）与美森（MATX）财务数据对比。点击上方公司名可切换其他公司
CrossAmerica Partners LP的季度营收约是美森的1.0倍（$866.3M vs $851.9M），美森净利率更高（16.8% vs 1.2%，领先15.6%），美森同比增速更快（-4.3% vs -8.3%），美森自由现金流更多（$42.2M vs $22.4M），过去两年美森的营收复合增速更高（8.6% 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。
美森公司（Matson, Inc.）是美国知名航运服务企业，总部位于夏威夷州火奴鲁鲁，成立于1882年。旗下子公司美森航运主营跨太平洋海运业务，服务覆盖夏威夷、阿拉斯加、关岛、密克罗尼西亚、太平洋诸岛、中国及日本等地区。
CAPL vs MATX — 直观对比
营收规模更大
CAPL
是对方的1.0倍
$851.9M
营收增速更快
MATX
高出3.9%
-8.3%
净利率更高
MATX
高出15.6%
1.2%
自由现金流更多
MATX
多$19.8M
$22.4M
两年增速更快
MATX
近两年复合增速
-4.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $866.3M | $851.9M |
| 净利润 | $10.2M | $143.1M |
| 毛利率 | 12.4% | — |
| 营业利润率 | 3.0% | 16.9% |
| 净利率 | 1.2% | 16.8% |
| 营收同比 | -8.3% | -4.3% |
| 净利润同比 | -39.6% | 11.8% |
| 每股收益（稀释后） | $0.24 | $4.47 |
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CAPLMATX
| Q4 25 | $866.3M | $851.9M | ||
| Q3 25 | $971.8M | $880.1M | ||
| Q2 25 | $961.9M | $830.5M | ||
| Q1 25 | $862.5M | $782.0M | ||
| Q4 24 | $944.2M | $890.3M | ||
| Q3 24 | $1.1B | $962.0M | ||
| Q2 24 | $1.1B | $847.4M | ||
| Q1 24 | $941.5M | $722.1M |
净利润CAPLMATX
| Q4 25 | $10.2M | $143.1M | ||
| Q3 25 | $13.6M | $134.7M | ||
| Q2 25 | $25.2M | $94.7M | ||
| Q1 25 | $-7.1M | $72.3M | ||
| Q4 24 | $16.9M | $128.0M | ||
| Q3 24 | $10.7M | $199.1M | ||
| Q2 24 | $12.4M | $113.2M | ||
| Q1 24 | $-17.5M | $36.1M |
毛利率CAPLMATX
| Q4 25 | 12.4% | — | ||
| Q3 25 | 10.8% | — | ||
| Q2 25 | 10.5% | — | ||
| Q1 25 | 10.4% | — | ||
| Q4 24 | 10.7% | — | ||
| Q3 24 | 10.3% | — | ||
| Q2 24 | 9.2% | — | ||
| Q1 24 | 8.6% | — |
营业利润率CAPLMATX
| Q4 25 | 3.0% | 16.9% | ||
| Q3 25 | 2.9% | 18.3% | ||
| Q2 25 | 4.3% | 13.6% | ||
| Q1 25 | 0.2% | 10.5% | ||
| Q4 24 | 3.0% | 16.6% | ||
| Q3 24 | 2.5% | 25.2% | ||
| Q2 24 | 2.5% | 14.7% | ||
| Q1 24 | -1.4% | 5.1% |
净利率CAPLMATX
| Q4 25 | 1.2% | 16.8% | ||
| Q3 25 | 1.4% | 15.3% | ||
| Q2 25 | 2.6% | 11.4% | ||
| Q1 25 | -0.8% | 9.2% | ||
| Q4 24 | 1.8% | 14.4% | ||
| Q3 24 | 1.0% | 20.7% | ||
| Q2 24 | 1.1% | 13.4% | ||
| Q1 24 | -1.9% | 5.0% |
每股收益（稀释后）CAPLMATX
| Q4 25 | $0.24 | $4.47 | ||
| Q3 25 | $0.34 | $4.24 | ||
| Q2 25 | $0.64 | $2.92 | ||
| Q1 25 | $-0.20 | $2.18 | ||
| Q4 24 | $0.42 | $3.69 | ||
| Q3 24 | $0.27 | $5.89 | ||
| Q2 24 | $0.31 | $3.31 | ||
| Q1 24 | $-0.48 | $1.04 |
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 | $141.9M |
| 总债务越低越好 | $687.2M | $361.2M |
| 股东权益账面价值 | — | $2.8B |
| 总资产 | $964.7M | $4.6B |
| 负债/权益比越低杠杆越低 | — | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资CAPLMATX
| Q4 25 | $3.1M | $141.9M | ||
| Q3 25 | $5.8M | $92.7M | ||
| Q2 25 | $9.7M | $59.1M | ||
| Q1 25 | $6.7M | $122.0M | ||
| Q4 24 | $3.4M | $266.8M | ||
| Q3 24 | $7.8M | $270.3M | ||
| Q2 24 | $5.5M | $168.2M | ||
| Q1 24 | $6.3M | $25.9M |
总债务CAPLMATX
| Q4 25 | $687.2M | $361.2M | ||
| Q3 25 | $700.8M | $370.9M | ||
| Q2 25 | $722.7M | $341.3M | ||
| Q1 25 | $774.1M | $351.1M | ||
| Q4 24 | $763.9M | $361.2M | ||
| Q3 24 | $769.2M | $370.9M | ||
| Q2 24 | $786.7M | $381.0M | ||
| Q1 24 | $795.8M | $390.8M |
股东权益CAPLMATX
| Q4 25 | — | $2.8B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.4B |
总资产CAPLMATX
| Q4 25 | $964.7M | $4.6B | ||
| Q3 25 | $998.9M | $4.6B | ||
| Q2 25 | $1.0B | $4.5B | ||
| Q1 25 | $1.1B | $4.5B | ||
| Q4 24 | $1.1B | $4.6B | ||
| Q3 24 | $1.1B | $4.4B | ||
| Q2 24 | $1.2B | $4.3B | ||
| Q1 24 | $1.2B | $4.2B |
负债/权益比CAPLMATX
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.14× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.16× | ||
| Q1 24 | — | 0.16× |
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 | $176.9M |
| 自由现金流经营现金流 - 资本支出 | $22.4M | $42.2M |
| 自由现金流率自由现金流/营收 | 2.6% | 5.0% |
| 资本支出强度资本支出/营收 | 0.8% | 15.8% |
| 现金转化率经营现金流/净利润 | 2.89× | 1.24× |
| 过去12个月自由现金流最近4个季度 | $55.8M | $153.7M |
8季度趋势，按日历期对齐
经营现金流CAPLMATX
| Q4 25 | $29.4M | $176.9M | ||
| Q3 25 | $24.4M | $175.6M | ||
| Q2 25 | $22.6M | $105.6M | ||
| Q1 25 | $15.0M | $89.0M | ||
| Q4 24 | $11.1M | $174.7M | ||
| Q3 24 | $41.9M | $248.6M | ||
| Q2 24 | $28.9M | $307.9M | ||
| Q1 24 | $5.8M | $36.6M |
自由现金流CAPLMATX
| Q4 25 | $22.4M | $42.2M | ||
| Q3 25 | $17.7M | $92.4M | ||
| Q2 25 | $10.8M | $19.3M | ||
| Q1 25 | $4.9M | $-200.0K | ||
| Q4 24 | $3.9M | $49.3M | ||
| Q3 24 | $34.2M | $189.0M | ||
| Q2 24 | $23.6M | $238.1M | ||
| Q1 24 | $-289.0K | $-18.7M |
自由现金流率CAPLMATX
| Q4 25 | 2.6% | 5.0% | ||
| Q3 25 | 1.8% | 10.5% | ||
| Q2 25 | 1.1% | 2.3% | ||
| Q1 25 | 0.6% | -0.0% | ||
| Q4 24 | 0.4% | 5.5% | ||
| Q3 24 | 3.2% | 19.6% | ||
| Q2 24 | 2.1% | 28.1% | ||
| Q1 24 | -0.0% | -2.6% |
资本支出强度CAPLMATX
| Q4 25 | 0.8% | 15.8% | ||
| Q3 25 | 0.7% | 9.5% | ||
| Q2 25 | 1.2% | 10.4% | ||
| Q1 25 | 1.2% | 11.4% | ||
| Q4 24 | 0.8% | 14.1% | ||
| Q3 24 | 0.7% | 6.2% | ||
| Q2 24 | 0.5% | 8.2% | ||
| Q1 24 | 0.6% | 7.7% |
现金转化率CAPLMATX
| Q4 25 | 2.89× | 1.24× | ||
| Q3 25 | 1.79× | 1.30× | ||
| Q2 25 | 0.90× | 1.12× | ||
| Q1 25 | — | 1.23× | ||
| Q4 24 | 0.66× | 1.36× | ||
| Q3 24 | 3.92× | 1.25× | ||
| Q2 24 | 2.33× | 2.72× | ||
| Q1 24 | — | 1.01× |
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% |
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
