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科睿唯安（CLVT）与SUBURBAN PROPANE PARTNERS LP（SPH）财务数据对比。点击上方公司名可切换其他公司
科睿唯安的季度营收约是SUBURBAN PROPANE PARTNERS LP的1.6倍（$585.5M vs $370.4M），SUBURBAN PROPANE PARTNERS LP净利率更高（12.4% vs -6.9%，领先19.2%），SUBURBAN PROPANE PARTNERS LP同比增速更快（-0.8% vs -1.4%），科睿唯安自由现金流更多（$78.9M vs $-67.5M），过去两年科睿唯安的营收复合增速更高（-5.1% vs -13.8%）
科睿唯安是一家英美合资的上市分析服务企业，主要提供订阅制信息服务，覆盖文献计量、科学计量、商业与市场情报领域，同时为医药、生物科技行业提供专利、监管合规相关的竞争分析，也提供商标保护、域名与品牌保护服务，旗下Web of Science产品系列还负责计算学术期刊的影响因子。
Suburban Propane Partners LP是美国领先的丙烷、天然气、取暖油及相关能源产品分销商，服务覆盖住宅、商业、工业、农业等各类客户，同时提供暖通空调系统的安装、维护与维修服务，业务范围遍布全美。
CLVT vs SPH — 直观对比
营收规模更大
CLVT
是对方的1.6倍
$370.4M
营收增速更快
SPH
高出0.6%
-1.4%
净利率更高
SPH
高出19.2%
-6.9%
自由现金流更多
CLVT
多$146.4M
$-67.5M
两年增速更快
CLVT
近两年复合增速
-13.8%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $585.5M | $370.4M |
| 净利润 | $-40.2M | $45.8M |
| 毛利率 | 67.2% | 64.7% |
| 营业利润率 | 5.2% | 18.3% |
| 净利率 | -6.9% | 12.4% |
| 营收同比 | -1.4% | -0.8% |
| 净利润同比 | 61.3% | 135.7% |
| 每股收益（稀释后） | $-0.06 | $0.69 |
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CLVTSPH
| Q1 26 | $585.5M | — | ||
| Q4 25 | $617.0M | $370.4M | ||
| Q3 25 | $623.1M | $211.4M | ||
| Q2 25 | $621.4M | $260.1M | ||
| Q1 25 | $593.7M | $587.7M | ||
| Q4 24 | $663.0M | $373.3M | ||
| Q3 24 | $622.2M | $208.6M | ||
| Q2 24 | $650.3M | $254.6M |
净利润CLVTSPH
| Q1 26 | $-40.2M | — | ||
| Q4 25 | $3.1M | $45.8M | ||
| Q3 25 | $-28.3M | $-35.1M | ||
| Q2 25 | $-72.0M | $-14.8M | ||
| Q1 25 | $-103.9M | $137.1M | ||
| Q4 24 | $-191.8M | $19.4M | ||
| Q3 24 | $-65.6M | $-44.6M | ||
| Q2 24 | $-304.3M | $-17.2M |
毛利率CLVTSPH
| Q1 26 | 67.2% | — | ||
| Q4 25 | 66.8% | 64.7% | ||
| Q3 25 | 65.0% | 64.7% | ||
| Q2 25 | 67.2% | 61.7% | ||
| Q1 25 | 65.1% | 58.8% | ||
| Q4 24 | 65.7% | 60.6% | ||
| Q3 24 | 66.2% | 59.4% | ||
| Q2 24 | 67.2% | 62.9% |
营业利润率CLVTSPH
| Q1 26 | 5.2% | — | ||
| Q4 25 | 6.7% | 18.3% | ||
| Q3 25 | 7.1% | -7.9% | ||
| Q2 25 | 1.1% | 2.1% | ||
| Q1 25 | -3.5% | 27.0% | ||
| Q4 24 | -9.4% | 15.8% | ||
| Q3 24 | 3.5% | -10.8% | ||
| Q2 24 | -36.9% | 3.2% |
净利率CLVTSPH
| Q1 26 | -6.9% | — | ||
| Q4 25 | 0.5% | 12.4% | ||
| Q3 25 | -4.5% | -16.6% | ||
| Q2 25 | -11.6% | -5.7% | ||
| Q1 25 | -17.5% | 23.3% | ||
| Q4 24 | -28.9% | 5.2% | ||
| Q3 24 | -10.5% | -21.4% | ||
| Q2 24 | -46.8% | -6.8% |
每股收益（稀释后）CLVTSPH
| Q1 26 | $-0.06 | — | ||
| Q4 25 | $0.00 | $0.69 | ||
| Q3 25 | $-0.04 | $-0.55 | ||
| Q2 25 | $-0.11 | $-0.23 | ||
| Q1 25 | $-0.15 | $2.10 | ||
| Q4 24 | $-0.27 | $0.30 | ||
| Q3 24 | $-0.09 | $-0.69 | ||
| Q2 24 | $-0.46 | $-0.27 |
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 | — | $1.3M |
| 总债务越低越好 | $4.3B | $1.3B |
| 股东权益账面价值 | $4.8B | — |
| 总资产 | $10.9B | $2.4B |
| 负债/权益比越低杠杆越低 | 0.89× | — |
8季度趋势，按日历期对齐
现金及短期投资CLVTSPH
| Q1 26 | — | — | ||
| Q4 25 | $329.2M | $1.3M | ||
| Q3 25 | $318.7M | $405.0K | ||
| Q2 25 | $362.6M | $1.3M | ||
| Q1 25 | $354.0M | $3.9M | ||
| Q4 24 | $295.2M | $4.4M | ||
| Q3 24 | $388.5M | $3.2M | ||
| Q2 24 | $376.4M | $4.9M |
总债务CLVTSPH
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.3B | $1.3B | ||
| Q3 25 | $4.4B | $1.2B | ||
| Q2 25 | $4.5B | $1.2B | ||
| Q1 25 | $4.5B | $1.3B | ||
| Q4 24 | $4.5B | $1.3B | ||
| Q3 24 | $4.6B | $1.2B | ||
| Q2 24 | $4.6B | $1.2B |
股东权益CLVTSPH
| Q1 26 | $4.8B | — | ||
| Q4 25 | $4.8B | — | ||
| Q3 25 | $4.9B | — | ||
| Q2 25 | $5.0B | — | ||
| Q1 25 | $5.0B | — | ||
| Q4 24 | $5.1B | — | ||
| Q3 24 | $5.5B | — | ||
| Q2 24 | $5.6B | — |
总资产CLVTSPH
| Q1 26 | $10.9B | — | ||
| Q4 25 | $11.1B | $2.4B | ||
| Q3 25 | $11.2B | $2.3B | ||
| Q2 25 | $11.4B | $2.3B | ||
| Q1 25 | $11.5B | $2.4B | ||
| Q4 24 | $11.5B | $2.4B | ||
| Q3 24 | $12.0B | $2.3B | ||
| Q2 24 | $12.1B | $2.3B |
负债/权益比CLVTSPH
| Q1 26 | 0.89× | — | ||
| Q4 25 | 0.89× | — | ||
| Q3 25 | 0.90× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | 0.90× | — | ||
| Q4 24 | 0.88× | — | ||
| Q3 24 | 0.84× | — | ||
| Q2 24 | 0.83× | — |
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 | $134.7M | $-47.7M |
| 自由现金流经营现金流 - 资本支出 | $78.9M | $-67.5M |
| 自由现金流率自由现金流/营收 | 13.5% | -18.2% |
| 资本支出强度资本支出/营收 | 9.5% | 5.3% |
| 现金转化率经营现金流/净利润 | — | -1.04× |
| 过去12个月自由现金流最近4个季度 | $333.9M | $61.9M |
8季度趋势，按日历期对齐
经营现金流CLVTSPH
| Q1 26 | $134.7M | — | ||
| Q4 25 | $159.9M | $-47.7M | ||
| Q3 25 | $181.1M | $41.8M | ||
| Q2 25 | $116.3M | $95.5M | ||
| Q1 25 | $171.2M | $40.1M | ||
| Q4 24 | $141.3M | $8.8M | ||
| Q3 24 | $202.9M | $36.8M | ||
| Q2 24 | $126.2M | $61.4M |
自由现金流CLVTSPH
| Q1 26 | $78.9M | — | ||
| Q4 25 | $89.2M | $-67.5M | ||
| Q3 25 | $115.5M | $27.7M | ||
| Q2 25 | $50.3M | $80.9M | ||
| Q1 25 | $110.3M | $20.8M | ||
| Q4 24 | $59.1M | $-15.1M | ||
| Q3 24 | $126.3M | $17.7M | ||
| Q2 24 | $60.3M | $46.8M |
自由现金流率CLVTSPH
| Q1 26 | 13.5% | — | ||
| Q4 25 | 14.5% | -18.2% | ||
| Q3 25 | 18.5% | 13.1% | ||
| Q2 25 | 8.1% | 31.1% | ||
| Q1 25 | 18.6% | 3.5% | ||
| Q4 24 | 8.9% | -4.0% | ||
| Q3 24 | 20.3% | 8.5% | ||
| Q2 24 | 9.3% | 18.4% |
资本支出强度CLVTSPH
| Q1 26 | 9.5% | — | ||
| Q4 25 | 11.5% | 5.3% | ||
| Q3 25 | 10.5% | 6.7% | ||
| Q2 25 | 10.6% | 5.6% | ||
| Q1 25 | 10.3% | 3.3% | ||
| Q4 24 | 12.4% | 6.4% | ||
| Q3 24 | 12.3% | 9.1% | ||
| Q2 24 | 10.1% | 5.8% |
现金转化率CLVTSPH
| Q1 26 | — | — | ||
| Q4 25 | 51.58× | -1.04× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 0.45× | ||
| Q3 24 | — | — | ||
| Q2 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
CLVT
| Subscription | $397.5M | 68% |
| Re-occurring | $108.6M | 19% |
| Transactional | $79.4M | 14% |
SPH
| Propane | $326.4M | 88% |
| Other Sales Revenue Net | $19.9M | 5% |
| Fuel Oil And Refined Fuels | $18.2M | 5% |
| Natural Gas And Electricity | $5.9M | 2% |
| Wholesale | $4.1M | 1% |
