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Cincinnati Financial（CINF）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
Cincinnati Financial的季度营收约是GLOBAL PARTNERS LP的1.3倍（$2.8B vs $2.2B），Cincinnati Financial净利率更高（9.6% vs 1.1%，领先8.4%），GLOBAL PARTNERS LP同比增速更快（7.0% vs -1.7%），过去两年Cincinnati Financial的营收复合增速更高（5.2% vs 0.2%）
辛辛那提金融公司主营财产与意外伤害保险，通过旗下辛辛那提保险公司、辛辛那提赔偿公司及辛辛那提意外伤害保险公司运营核心业务。目前该公司在美国国内财险保费市场占比达1.01%，按市场份额计算位列美国第20大保险公司。
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。
CINF vs GLP — 直观对比
营收规模更大
CINF
是对方的1.3倍
$2.2B
营收增速更快
GLP
高出8.7%
-1.7%
净利率更高
CINF
高出8.4%
1.1%
两年增速更快
CINF
近两年复合增速
0.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $2.2B |
| 净利润 | $274.0M | $25.1M |
| 毛利率 | — | 11.9% |
| 营业利润率 | — | 2.6% |
| 净利率 | 9.6% | 1.1% |
| 营收同比 | -1.7% | 7.0% |
| 净利润同比 | 404.4% | 5.0% |
| 每股收益（稀释后） | — | — |
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CINFGLP
| Q1 26 | $2.8B | — | ||
| Q4 25 | $3.1B | $2.2B | ||
| Q3 25 | $3.7B | $2.2B | ||
| Q2 25 | $3.2B | $2.1B | ||
| Q1 25 | $2.6B | $2.2B | ||
| Q4 24 | $2.5B | $2.1B | ||
| Q3 24 | $3.3B | $2.1B | ||
| Q2 24 | $2.5B | $2.3B |
净利润CINFGLP
| Q1 26 | $274.0M | — | ||
| Q4 25 | $676.0M | $25.1M | ||
| Q3 25 | $1.1B | $29.0M | ||
| Q2 25 | $685.0M | $25.2M | ||
| Q1 25 | $-90.0M | $18.7M | ||
| Q4 24 | $405.0M | $23.9M | ||
| Q3 24 | $820.0M | $45.9M | ||
| Q2 24 | $312.0M | $46.1M |
毛利率CINFGLP
| Q1 26 | — | — | ||
| Q4 25 | — | 11.9% | ||
| Q3 25 | — | 12.1% | ||
| Q2 25 | — | 13.1% | ||
| Q1 25 | — | 11.7% | ||
| Q4 24 | — | 13.0% | ||
| Q3 24 | — | 13.4% | ||
| Q2 24 | — | 12.6% |
营业利润率CINFGLP
| Q1 26 | — | — | ||
| Q4 25 | 27.2% | 2.6% | ||
| Q3 25 | 37.9% | 2.7% | ||
| Q2 25 | 26.3% | 2.9% | ||
| Q1 25 | -5.0% | 2.6% | ||
| Q4 24 | 18.9% | 2.8% | ||
| Q3 24 | 31.3% | 3.9% | ||
| Q2 24 | 15.2% | 3.7% |
净利率CINFGLP
| Q1 26 | 9.6% | — | ||
| Q4 25 | 21.9% | 1.1% | ||
| Q3 25 | 30.1% | 1.3% | ||
| Q2 25 | 21.1% | 1.2% | ||
| Q1 25 | -3.5% | 0.9% | ||
| Q4 24 | 16.0% | 1.2% | ||
| Q3 24 | 24.7% | 2.1% | ||
| Q2 24 | 12.3% | 2.0% |
每股收益（稀释后）CINFGLP
| Q1 26 | — | — | ||
| Q4 25 | $4.29 | — | ||
| Q3 25 | $7.11 | — | ||
| Q2 25 | $4.34 | — | ||
| Q1 25 | $-0.57 | — | ||
| Q4 24 | $2.57 | — | ||
| Q3 24 | $5.20 | — | ||
| Q2 24 | $1.98 | — |
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 | $1.2B | — |
| 总债务越低越好 | $816.0M | — |
| 股东权益账面价值 | $15.7B | — |
| 总资产 | $41.2B | $3.9B |
| 负债/权益比越低杠杆越低 | 0.05× | — |
8季度趋势，按日历期对齐
现金及短期投资CINFGLP
| Q1 26 | $1.2B | — | ||
| Q4 25 | $148.0M | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $771.0M | — |
总债务CINFGLP
| Q1 26 | $816.0M | — | ||
| Q4 25 | $861.0M | — | ||
| Q3 25 | $858.0M | — | ||
| Q2 25 | $859.0M | — | ||
| Q1 25 | $853.0M | — | ||
| Q4 24 | $850.0M | — | ||
| Q3 24 | $849.0M | — | ||
| Q2 24 | $849.0M | — |
股东权益CINFGLP
| Q1 26 | $15.7B | — | ||
| Q4 25 | $15.9B | — | ||
| Q3 25 | $15.4B | — | ||
| Q2 25 | $14.3B | — | ||
| Q1 25 | $13.7B | — | ||
| Q4 24 | $13.9B | — | ||
| Q3 24 | $13.8B | — | ||
| Q2 24 | $12.8B | — |
总资产CINFGLP
| Q1 26 | $41.2B | — | ||
| Q4 25 | $41.0B | $3.9B | ||
| Q3 25 | $40.6B | $3.7B | ||
| Q2 25 | $38.8B | $3.8B | ||
| Q1 25 | $37.3B | $3.8B | ||
| Q4 24 | $36.5B | $3.8B | ||
| Q3 24 | $37.0B | $3.7B | ||
| Q2 24 | $34.8B | $3.8B |
负债/权益比CINFGLP
| Q1 26 | 0.05× | — | ||
| Q4 25 | 0.05× | — | ||
| Q3 25 | 0.06× | — | ||
| Q2 25 | 0.06× | — | ||
| Q1 25 | 0.06× | — | ||
| Q4 24 | 0.06× | — | ||
| Q3 24 | 0.06× | — | ||
| Q2 24 | 0.07× | — |
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 | — | $62.2M |
| 自由现金流率自由现金流/营收 | — | 2.8% |
| 资本支出强度资本支出/营收 | — | 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 | — | $193.3M |
8季度趋势，按日历期对齐
经营现金流CINFGLP
| Q1 26 | — | — | ||
| Q4 25 | $947.0M | $101.0M | ||
| Q3 25 | $1.1B | $19.0M | ||
| Q2 25 | $741.0M | $216.3M | ||
| Q1 25 | $310.0M | $-51.6M | ||
| Q4 24 | $642.0M | $67.2M | ||
| Q3 24 | $912.0M | $122.7M | ||
| Q2 24 | $742.0M | $24.3M |
自由现金流CINFGLP
| Q1 26 | — | — | ||
| Q4 25 | $939.0M | $62.2M | ||
| Q3 25 | $1.1B | $-678.0K | ||
| Q2 25 | $737.0M | $201.3M | ||
| Q1 25 | $307.0M | $-69.5M | ||
| Q4 24 | $638.0M | $20.4M | ||
| Q3 24 | $906.0M | $98.4M | ||
| Q2 24 | $737.0M | $8.7M |
自由现金流率CINFGLP
| Q1 26 | — | — | ||
| Q4 25 | 30.4% | 2.8% | ||
| Q3 25 | 29.8% | -0.0% | ||
| Q2 25 | 22.7% | 9.7% | ||
| Q1 25 | 12.0% | -3.2% | ||
| Q4 24 | 25.1% | 1.0% | ||
| Q3 24 | 27.3% | 4.6% | ||
| Q2 24 | 29.0% | 0.4% |
资本支出强度CINFGLP
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 1.8% | ||
| Q3 25 | 0.1% | 0.9% | ||
| Q2 25 | 0.1% | 0.7% | ||
| Q1 25 | 0.1% | 0.8% | ||
| Q4 24 | 0.2% | 2.3% | ||
| Q3 24 | 0.2% | 1.1% | ||
| Q2 24 | 0.2% | 0.7% |
现金转化率CINFGLP
| Q1 26 | — | — | ||
| Q4 25 | 1.40× | 4.03× | ||
| Q3 25 | 0.99× | 0.66× | ||
| Q2 25 | 1.08× | 8.58× | ||
| Q1 25 | — | -2.76× | ||
| Q4 24 | 1.59× | 2.82× | ||
| Q3 24 | 1.11× | 2.67× | ||
| Q2 24 | 2.38× | 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
CINF
| Property casualty | $2.6B | 93% |
| Life | $105.0M | 4% |
| Other | $92.0M | 3% |
| Fee revenues | $1.0M | 0% |
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% |
