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DHT Holdings, Inc.（DHT）与MARTIN MIDSTREAM PARTNERS L.P.（MMLP）财务数据对比。点击上方公司名可切换其他公司
MARTIN MIDSTREAM PARTNERS L.P.的季度营收约是DHT Holdings, Inc.的1.7倍（$187.7M vs $107.3M），DHT Holdings, Inc.净利率更高（41.7% vs 1.7%，领先40.0%），MARTIN MIDSTREAM PARTNERS L.P.同比增速更快（-2.5% vs -24.5%）
DHT控股是一家独立的国际原油运输企业，持有并运营大型原油运输船队，主要服务全球油气行业，为头部石油生产商、炼油厂和大宗商品贸易商提供跨国际核心贸易航线的原油海运服务。
Martin Midstream Partners L.P.是美国中游能源服务提供商，主营原油、天然气液、精炼石油产品及特种化学品的存储、运输、分销与加工服务，主要服务北美能源及工业领域客户。
DHT vs MMLP — 直观对比
营收规模更大
MMLP
是对方的1.7倍
$107.3M
营收增速更快
MMLP
高出21.9%
-24.5%
净利率更高
DHT
高出40.0%
1.7%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $107.3M | $187.7M |
| 净利润 | $44.8M | $3.2M |
| 毛利率 | — | — |
| 营业利润率 | 44.2% | 4.1% |
| 净利率 | 41.7% | 1.7% |
| 营收同比 | -24.5% | -2.5% |
| 净利润同比 | 27.3% | -37.1% |
| 每股收益（稀释后） | $0.28 | — |
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DHTMMLP
| Q1 26 | — | $187.7M | ||
| Q4 25 | — | $174.2M | ||
| Q3 25 | $107.3M | $168.7M | ||
| Q2 25 | — | $180.7M | ||
| Q1 25 | — | $192.5M | ||
| Q4 24 | — | $171.3M | ||
| Q3 24 | $142.1M | $170.9M | ||
| Q2 24 | — | $184.5M |
净利润DHTMMLP
| Q1 26 | — | $3.2M | ||
| Q4 25 | — | $-2.9M | ||
| Q3 25 | $44.8M | $-8.4M | ||
| Q2 25 | — | $-2.4M | ||
| Q1 25 | — | $-1.0M | ||
| Q4 24 | — | $-8.9M | ||
| Q3 24 | $35.2M | $-3.3M | ||
| Q2 24 | — | $3.8M |
毛利率DHTMMLP
| Q1 26 | — | — | ||
| Q4 25 | — | 57.1% | ||
| Q3 25 | — | 55.1% | ||
| Q2 25 | — | 56.5% | ||
| Q1 25 | — | 53.5% | ||
| Q4 24 | — | 58.2% | ||
| Q3 24 | — | 58.5% | ||
| Q2 24 | — | 58.4% |
营业利润率DHTMMLP
| Q1 26 | — | 4.1% | ||
| Q4 25 | — | 7.3% | ||
| Q3 25 | 44.2% | 4.1% | ||
| Q2 25 | — | 8.2% | ||
| Q1 25 | — | 7.5% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | 29.7% | 7.4% | ||
| Q2 24 | — | 10.8% |
净利率DHTMMLP
| Q1 26 | — | 1.7% | ||
| Q4 25 | — | -1.7% | ||
| Q3 25 | 41.7% | -5.0% | ||
| Q2 25 | — | -1.3% | ||
| Q1 25 | — | -0.5% | ||
| Q4 24 | — | -5.2% | ||
| Q3 24 | 24.8% | -1.9% | ||
| Q2 24 | — | 2.0% |
每股收益（稀释后）DHTMMLP
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $0.28 | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $0.22 | — | ||
| Q2 24 | — | — |
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 | $81.3M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | — |
| 总资产 | $1.4B | $537.1M |
| 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DHTMMLP
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $81.3M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $73.8M | — | ||
| Q2 24 | — | — |
总债务DHTMMLP
| Q1 26 | — | — | ||
| Q4 25 | — | $428.0M | ||
| Q3 25 | — | $441.3M | ||
| Q2 25 | — | $427.8M | ||
| Q1 25 | — | $451.4M | ||
| Q4 24 | — | $437.6M | ||
| Q3 24 | — | $469.3M | ||
| Q2 24 | — | $439.4M |
股东权益DHTMMLP
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | — | — |
总资产DHTMMLP
| Q1 26 | — | $537.1M | ||
| Q4 25 | — | $522.4M | ||
| Q3 25 | $1.4B | $510.1M | ||
| Q2 25 | — | $515.6M | ||
| Q1 25 | — | $533.4M | ||
| Q4 24 | — | $538.5M | ||
| Q3 24 | $1.5B | $554.8M | ||
| Q2 24 | — | $535.1M |
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 | $60.9M | — |
| 自由现金流经营现金流 - 资本支出 | — | $-6.0M |
| 自由现金流率自由现金流/营收 | — | -3.2% |
| 资本支出强度资本支出/营收 | — | 1.6% |
| 现金转化率经营现金流/净利润 | 1.36× | — |
| 过去12个月自由现金流最近4个季度 | — | $27.2M |
8季度趋势，按日历期对齐
经营现金流DHTMMLP
| Q1 26 | — | — | ||
| Q4 25 | — | $22.4M | ||
| Q3 25 | $60.9M | $-1.2M | ||
| Q2 25 | — | $30.9M | ||
| Q1 25 | — | $-6.0M | ||
| Q4 24 | — | $42.2M | ||
| Q3 24 | $80.1M | $-15.8M | ||
| Q2 24 | — | $11.8M |
自由现金流DHTMMLP
| Q1 26 | — | $-6.0M | ||
| Q4 25 | — | $15.6M | ||
| Q3 25 | — | $-7.9M | ||
| Q2 25 | — | $25.6M | ||
| Q1 25 | — | $-11.9M | ||
| Q4 24 | — | $34.2M | ||
| Q3 24 | — | $-25.6M | ||
| Q2 24 | — | $-696.0K |
自由现金流率DHTMMLP
| Q1 26 | — | -3.2% | ||
| Q4 25 | — | 8.9% | ||
| Q3 25 | — | -4.7% | ||
| Q2 25 | — | 14.2% | ||
| Q1 25 | — | -6.2% | ||
| Q4 24 | — | 20.0% | ||
| Q3 24 | — | -15.0% | ||
| Q2 24 | — | -0.4% |
资本支出强度DHTMMLP
| Q1 26 | — | 1.6% | ||
| Q4 25 | — | 3.9% | ||
| Q3 25 | — | 4.0% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 5.8% | ||
| Q2 24 | — | 6.8% |
现金转化率DHTMMLP
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.36× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.28× | — | ||
| Q2 24 | — | 3.13× |
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
DHT
暂无分部数据
MMLP
| Specialty products | $61.6M | 33% |
| Transportation * | $52.8M | 28% |
| Other | $46.5M | 25% |
| Terminalling and storage * | $22.4M | 12% |
| Sulfur services | $4.4M | 2% |
