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HF Sinclair Corp（DINO）与GENESIS ENERGY LP（GEL）财务数据对比。点击上方公司名可切换其他公司
HF Sinclair Corp的季度营收约是GENESIS ENERGY LP的14.7倍（$6.5B vs $440.8M）。GENESIS ENERGY LP净利率更高（4.5% vs -0.4%，领先4.9%）。GENESIS ENERGY LP同比增速更快（10.5% vs -0.6%）。GENESIS ENERGY LP自由现金流更多（$87.0M vs $-123.0M）。过去两年GENESIS ENERGY LP的营收复合增速更高（0.7% vs -4.1%）
HF Sinclair是总部位于美国得克萨斯州达拉斯的能源企业，主要从事汽油、柴油、航空燃油、可再生柴油、特种润滑油、特种化学品、特种改性沥青等多类能源化工产品的生产与销售。
Genesis Energy LP是一家总部位于美国的中游能源合伙企业，主营原油、天然气、成品油及特种工业原料的基础设施运营与物流服务，旗下资产涵盖管道、仓储码头、海运设施及铁路物流枢纽，为北美地区的炼油厂、工业客户及能源分销商提供服务。
DINO vs GEL — 直观对比
营收规模更大
DINO
是对方的14.7倍
$440.8M
营收增速更快
GEL
高出11.0%
-0.6%
净利率更高
GEL
高出4.9%
-0.4%
自由现金流更多
GEL
多$210.0M
$-123.0M
两年增速更快
GEL
近两年复合增速
-4.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.5B | $440.8M |
| 净利润 | $-28.0M | $19.9M |
| 毛利率 | — | — |
| 营业利润率 | 0.1% | 20.4% |
| 净利率 | -0.4% | 4.5% |
| 营收同比 | -0.6% | 10.5% |
| 净利润同比 | 86.9% | 140.2% |
| 每股收益（稀释后） | $-0.15 | $0.04 |
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DINOGEL
| Q4 25 | $6.5B | $440.8M | ||
| Q3 25 | $7.3B | $414.0M | ||
| Q2 25 | $6.8B | $377.3M | ||
| Q1 25 | $6.4B | $398.3M | ||
| Q4 24 | $6.5B | $398.9M | ||
| Q3 24 | $7.2B | $397.3M | ||
| Q2 24 | $7.8B | $430.2M | ||
| Q1 24 | $7.0B | $434.4M |
净利润DINOGEL
| Q4 25 | $-28.0M | $19.9M | ||
| Q3 25 | $403.0M | $9.2M | ||
| Q2 25 | $208.0M | $-406.0K | ||
| Q1 25 | $-4.0M | $-469.1M | ||
| Q4 24 | $-213.5M | $-49.4M | ||
| Q3 24 | $-75.9M | $-17.2M | ||
| Q2 24 | $151.8M | $-8.7M | ||
| Q1 24 | $314.7M | $11.4M |
毛利率DINOGEL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 15.7% | — |
营业利润率DINOGEL
| Q4 25 | 0.1% | 20.4% | ||
| Q3 25 | 7.8% | 19.0% | ||
| Q2 25 | 4.1% | 17.9% | ||
| Q1 25 | 1.3% | 5.5% | ||
| Q4 24 | -3.5% | 3.4% | ||
| Q3 24 | -1.7% | 12.2% | ||
| Q2 24 | 2.5% | 11.6% | ||
| Q1 24 | 5.8% | 13.4% |
净利率DINOGEL
| Q4 25 | -0.4% | 4.5% | ||
| Q3 25 | 5.6% | 2.2% | ||
| Q2 25 | 3.1% | -0.1% | ||
| Q1 25 | -0.1% | -117.8% | ||
| Q4 24 | -3.3% | -12.4% | ||
| Q3 24 | -1.1% | -4.3% | ||
| Q2 24 | 1.9% | -2.0% | ||
| Q1 24 | 4.5% | 2.6% |
每股收益（稀释后）DINOGEL
| Q4 25 | $-0.15 | $0.04 | ||
| Q3 25 | $2.15 | $-0.05 | ||
| Q2 25 | $1.10 | $-0.12 | ||
| Q1 25 | $-0.02 | $-4.06 | ||
| Q4 24 | $-1.05 | $-0.58 | ||
| Q3 24 | $-0.40 | $-0.32 | ||
| Q2 24 | $0.79 | $-0.25 | ||
| Q1 24 | $1.57 | $-0.09 |
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 | $978.0M | $6.4M |
| 总债务越低越好 | $2.8B | $3.0B |
| 股东权益账面价值 | $9.2B | — |
| 总资产 | $16.5B | $4.9B |
| 负债/权益比越低杠杆越低 | 0.30× | — |
8季度趋势，按日历期对齐
现金及短期投资DINOGEL
| Q4 25 | $978.0M | $6.4M | ||
| Q3 25 | $1.5B | $4.9M | ||
| Q2 25 | $874.0M | $4.5M | ||
| Q1 25 | $547.0M | $377.4M | ||
| Q4 24 | $800.0M | $7.4M | ||
| Q3 24 | $1.2B | $13.0M | ||
| Q2 24 | $866.3M | $13.7M | ||
| Q1 24 | $1.2B | $7.0M |
总债务DINOGEL
| Q4 25 | $2.8B | $3.0B | ||
| Q3 25 | $2.8B | $3.1B | ||
| Q2 25 | $2.7B | $3.1B | ||
| Q1 25 | $2.7B | $3.4B | ||
| Q4 24 | $2.6B | $3.7B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.8B |
股东权益DINOGEL
| Q4 25 | $9.2B | — | ||
| Q3 25 | $9.4B | — | ||
| Q2 25 | $9.3B | — | ||
| Q1 25 | $9.2B | — | ||
| Q4 24 | $9.3B | — | ||
| Q3 24 | $9.6B | — | ||
| Q2 24 | $9.9B | — | ||
| Q1 24 | $10.2B | — |
总资产DINOGEL
| Q4 25 | $16.5B | $4.9B | ||
| Q3 25 | $17.3B | $4.9B | ||
| Q2 25 | $16.8B | $4.8B | ||
| Q1 25 | $16.5B | $5.2B | ||
| Q4 24 | $16.6B | $7.0B | ||
| Q3 24 | $16.9B | $7.1B | ||
| Q2 24 | $17.4B | $7.0B | ||
| Q1 24 | $17.9B | $6.9B |
负债/权益比DINOGEL
| Q4 25 | 0.30× | — | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | 0.29× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.29× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $8.0M | $110.8M |
| 自由现金流经营现金流 - 资本支出 | $-123.0M | $87.0M |
| 自由现金流率自由现金流/营收 | -1.9% | 19.7% |
| 资本支出强度资本支出/营收 | 2.0% | 5.4% |
| 现金转化率经营现金流/净利润 | — | 5.58× |
| 过去12个月自由现金流最近4个季度 | $866.0M | $65.9M |
8季度趋势，按日历期对齐
经营现金流DINOGEL
| Q4 25 | $8.0M | $110.8M | ||
| Q3 25 | $809.0M | $70.3M | ||
| Q2 25 | $587.0M | $47.0M | ||
| Q1 25 | $-89.0M | $24.8M | ||
| Q4 24 | $-140.4M | $74.0M | ||
| Q3 24 | $707.6M | $87.3M | ||
| Q2 24 | $225.9M | $104.7M | ||
| Q1 24 | $316.9M | $125.9M |
自由现金流DINOGEL
| Q4 25 | $-123.0M | $87.0M | ||
| Q3 25 | $688.0M | $43.3M | ||
| Q2 25 | $476.0M | $-7.6M | ||
| Q1 25 | $-175.0M | $-56.8M | ||
| Q4 24 | $-313.5M | $-47.1M | ||
| Q3 24 | $584.0M | $-32.3M | ||
| Q2 24 | $141.7M | $-67.5M | ||
| Q1 24 | $227.8M | $-48.3M |
自由现金流率DINOGEL
| Q4 25 | -1.9% | 19.7% | ||
| Q3 25 | 9.5% | 10.5% | ||
| Q2 25 | 7.0% | -2.0% | ||
| Q1 25 | -2.7% | -14.3% | ||
| Q4 24 | -4.8% | -11.8% | ||
| Q3 24 | 8.1% | -8.1% | ||
| Q2 24 | 1.8% | -15.7% | ||
| Q1 24 | 3.2% | -11.1% |
资本支出强度DINOGEL
| Q4 25 | 2.0% | 5.4% | ||
| Q3 25 | 1.7% | 6.5% | ||
| Q2 25 | 1.6% | 14.5% | ||
| Q1 25 | 1.4% | 20.5% | ||
| Q4 24 | 2.7% | 30.3% | ||
| Q3 24 | 1.7% | 30.1% | ||
| Q2 24 | 1.1% | 40.0% | ||
| Q1 24 | 1.3% | 40.1% |
现金转化率DINOGEL
| Q4 25 | — | 5.58× | ||
| Q3 25 | 2.01× | 7.63× | ||
| Q2 25 | 2.82× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.49× | — | ||
| Q1 24 | 1.01× | 11.09× |
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
DINO
| Transportation Fuels | $5.0B | 77% |
| Lubricants And Specialties Segment | $586.0M | 9% |
| Lubricants And Specialty Products | $531.0M | 8% |
| Crude Oil | $213.0M | 3% |
| Renewables Segment | $163.0M | 3% |
| Midstream Segment | $35.0M | 1% |
| Transportation And Logistic Services | $34.0M | 1% |
GEL
| Onshore Facilities And Transportation Revenue | $204.2M | 46% |
| Offshore Pipeline Transportation Revenue | $154.3M | 35% |
| Marine Transportation Revenue | $82.2M | 19% |
