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CSX Corporation（CSX）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
CSX Corporation的季度营收约是GLOBAL PARTNERS LP的1.6倍（$3.5B vs $2.2B），CSX Corporation净利率更高（23.2% vs 1.1%，领先22.0%），GLOBAL PARTNERS LP同比增速更快（7.0% vs 1.7%），CSX Corporation自由现金流更多（$793.0M vs $62.2M），过去两年GLOBAL PARTNERS LP的营收复合增速更高（0.2% vs -3.0%）
CSX运输是美国一级货运铁路企业，业务覆盖美国东部区域及加拿大安大略省、魁北克省，运营铁路总里程约3.4万公里，隶属于总部位于佛罗里达州杰克逊维尔市的财富500强企业CSX Corporation，是其旗下核心子公司。
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。
CSX vs GLP — 直观对比
营收规模更大
CSX
是对方的1.6倍
$2.2B
营收增速更快
GLP
高出5.3%
1.7%
净利率更高
CSX
高出22.0%
1.1%
自由现金流更多
CSX
多$730.8M
$62.2M
两年增速更快
GLP
近两年复合增速
-3.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.5B | $2.2B |
| 净利润 | $807.0M | $25.1M |
| 毛利率 | — | 11.9% |
| 营业利润率 | 29.9% | 2.6% |
| 净利率 | 23.2% | 1.1% |
| 营收同比 | 1.7% | 7.0% |
| 净利润同比 | 401.2% | 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CSXGLP
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $2.2B | ||
| Q3 25 | $3.6B | $2.2B | ||
| Q2 25 | $3.6B | $2.1B | ||
| Q1 25 | $3.4B | $2.2B | ||
| Q4 24 | $3.5B | $2.1B | ||
| Q3 24 | $3.6B | $2.1B | ||
| Q2 24 | $3.7B | $2.3B |
净利润CSXGLP
| Q1 26 | $807.0M | — | ||
| Q4 25 | $720.0M | $25.1M | ||
| Q3 25 | $694.0M | $29.0M | ||
| Q2 25 | $829.0M | $25.2M | ||
| Q1 25 | $646.0M | $18.7M | ||
| Q4 24 | $720.0M | $23.9M | ||
| Q3 24 | $894.0M | $45.9M | ||
| Q2 24 | $963.0M | $46.1M |
毛利率CSXGLP
| 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CSXGLP
| Q1 26 | 29.9% | — | ||
| Q4 25 | 31.6% | 2.6% | ||
| Q3 25 | 30.3% | 2.7% | ||
| Q2 25 | 35.9% | 2.9% | ||
| Q1 25 | 30.4% | 2.6% | ||
| Q4 24 | 30.8% | 2.8% | ||
| Q3 24 | 37.4% | 3.9% | ||
| Q2 24 | 39.1% | 3.7% |
净利率CSXGLP
| Q1 26 | 23.2% | — | ||
| Q4 25 | 20.5% | 1.1% | ||
| Q3 25 | 19.3% | 1.3% | ||
| Q2 25 | 23.2% | 1.2% | ||
| Q1 25 | 18.9% | 0.9% | ||
| Q4 24 | 20.3% | 1.2% | ||
| Q3 24 | 24.7% | 2.1% | ||
| Q2 24 | 26.0% | 2.0% |
每股收益（稀释后）CSXGLP
| Q1 26 | — | — | ||
| Q4 25 | $0.39 | — | ||
| Q3 25 | $0.37 | — | ||
| Q2 25 | $0.44 | — | ||
| Q1 25 | $0.34 | — | ||
| Q4 24 | $0.38 | — | ||
| Q3 24 | $0.46 | — | ||
| Q2 24 | $0.49 | — |
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 | $1.1B | — |
| 总债务越低越好 | $18.9B | — |
| 股东权益账面价值 | $13.6B | — |
| 总资产 | $44.2B | $3.9B |
| 负债/权益比越低杠杆越低 | 1.39× | — |
8季度趋势，按日历期对齐
现金及短期投资CSXGLP
| Q1 26 | $1.1B | — | ||
| Q4 25 | $5.0M | — | ||
| Q3 25 | $6.0M | — | ||
| Q2 25 | $6.0M | — | ||
| Q1 25 | $8.0M | — | ||
| Q4 24 | $72.0M | — | ||
| Q3 24 | $12.0M | — | ||
| Q2 24 | $4.0M | — |
总债务CSXGLP
| Q1 26 | $18.9B | — | ||
| Q4 25 | $18.2B | — | ||
| Q3 25 | $18.6B | — | ||
| Q2 25 | $18.6B | — | ||
| Q1 25 | $18.5B | — | ||
| Q4 24 | $17.9B | — | ||
| Q3 24 | $18.5B | — | ||
| Q2 24 | $18.0B | — |
股东权益CSXGLP
| Q1 26 | $13.6B | — | ||
| Q4 25 | $13.2B | — | ||
| Q3 25 | $12.8B | — | ||
| Q2 25 | $12.4B | — | ||
| Q1 25 | $12.2B | — | ||
| Q4 24 | $12.5B | — | ||
| Q3 24 | $12.9B | — | ||
| Q2 24 | $12.6B | — |
总资产CSXGLP
| Q1 26 | $44.2B | — | ||
| Q4 25 | $43.7B | $3.9B | ||
| Q3 25 | $43.3B | $3.7B | ||
| Q2 25 | $42.9B | $3.8B | ||
| Q1 25 | $43.2B | $3.8B | ||
| Q4 24 | $42.8B | $3.8B | ||
| Q3 24 | $43.1B | $3.7B | ||
| Q2 24 | $42.4B | $3.8B |
负债/权益比CSXGLP
| Q1 26 | 1.39× | — | ||
| Q4 25 | 1.38× | — | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | 1.50× | — | ||
| Q1 25 | 1.52× | — | ||
| Q4 24 | 1.43× | — | ||
| Q3 24 | 1.43× | — | ||
| Q2 24 | 1.42× | — |
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 | $1.3B | $101.0M |
| 自由现金流经营现金流 - 资本支出 | $793.0M | $62.2M |
| 自由现金流率自由现金流/营收 | 22.8% | 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 | 1.58× | 4.03× |
| 过去12个月自由现金流最近4个季度 | $2.0B | $193.3M |
8季度趋势，按日历期对齐
经营现金流CSXGLP
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.4B | $101.0M | ||
| Q3 25 | $1.3B | $19.0M | ||
| Q2 25 | $635.0M | $216.3M | ||
| Q1 25 | $1.3B | $-51.6M | ||
| Q4 24 | $1.4B | $67.2M | ||
| Q3 24 | $1.7B | $122.7M | ||
| Q2 24 | $1.1B | $24.3M |
自由现金流CSXGLP
| Q1 26 | $793.0M | — | ||
| Q4 25 | $709.0M | $62.2M | ||
| Q3 25 | $607.0M | $-678.0K | ||
| Q2 25 | $-141.0M | $201.3M | ||
| Q1 25 | $536.0M | $-69.5M | ||
| Q4 24 | $550.0M | $20.4M | ||
| Q3 24 | $1.1B | $98.4M | ||
| Q2 24 | $547.0M | $8.7M |
自由现金流率CSXGLP
| Q1 26 | 22.8% | — | ||
| Q4 25 | 20.2% | 2.8% | ||
| Q3 25 | 16.9% | -0.0% | ||
| Q2 25 | -3.9% | 9.7% | ||
| Q1 25 | 15.7% | -3.2% | ||
| Q4 24 | 15.5% | 1.0% | ||
| Q3 24 | 29.3% | 4.6% | ||
| Q2 24 | 14.8% | 0.4% |
资本支出强度CSXGLP
| Q1 26 | — | — | ||
| Q4 25 | 19.3% | 1.8% | ||
| Q3 25 | 20.4% | 0.9% | ||
| Q2 25 | 21.7% | 0.7% | ||
| Q1 25 | 21.0% | 0.8% | ||
| Q4 24 | 23.7% | 2.3% | ||
| Q3 24 | 17.3% | 1.1% | ||
| Q2 24 | 14.6% | 0.7% |
现金转化率CSXGLP
| Q1 26 | 1.58× | — | ||
| Q4 25 | 1.93× | 4.03× | ||
| Q3 25 | 1.93× | 0.66× | ||
| Q2 25 | 0.77× | 8.58× | ||
| Q1 25 | 1.94× | -2.76× | ||
| Q4 24 | 1.93× | 2.82× | ||
| Q3 24 | 1.89× | 2.67× | ||
| Q2 24 | 1.13× | 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
CSX
暂无分部数据
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% |
