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Delek Logistics Partners, LP（DKL）与ENBRIDGE INC（ENB）财务数据对比。点击上方公司名可切换其他公司
ENBRIDGE INC的季度营收约是Delek Logistics Partners, LP的22.4倍（$5.7B vs $255.8M）。ENBRIDGE INC净利率更高（26.2% vs 18.5%，领先7.8%）。Delek Logistics Partners, LP同比增速更快（21.9% vs 5.3%）。ENBRIDGE INC自由现金流更多（$2.4B vs $12.6M）。过去两年ENBRIDGE INC的营收复合增速更高（7.6% vs 0.7%）
Delek Logistics Partners, LP是一家总部位于美国的中游能源物流企业，主要提供原油、成品油及可再生燃料的存储、运输与配送服务，客户覆盖美国墨西哥湾沿岸及东南部地区的下游能源运营商、零售燃油网络和工业客户。
加拿大恩布里奇公司（Enbridge Inc.）是总部位于阿尔伯塔省卡尔加里的跨国能源管道企业，在加拿大、美国运营管网输送原油、天然气及天然气液，同时布局可再生能源业务。其管网是北美最长、全球规模最大的原油出口管网，拥有近2.9万公里原油管道及超3.83万公里天然气管道。
DKL vs ENB — 直观对比
营收规模更大
ENB
是对方的22.4倍
$255.8M
营收增速更快
DKL
高出16.5%
5.3%
净利率更高
ENB
高出7.8%
18.5%
自由现金流更多
ENB
多$2.4B
$12.6M
两年增速更快
ENB
近两年复合增速
0.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $255.8M | $5.7B |
| 净利润 | $47.3M | $1.5B |
| 毛利率 | 17.2% | — |
| 营业利润率 | 14.2% | 34.7% |
| 净利率 | 18.5% | 26.2% |
| 营收同比 | 21.9% | 5.3% |
| 净利润同比 | 34.0% | 246.2% |
| 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DKLENB
| Q4 25 | $255.8M | $5.7B | ||
| Q3 25 | $261.3M | $4.5B | ||
| Q2 25 | $246.3M | $4.8B | ||
| Q1 25 | $249.9M | $6.4B | ||
| Q4 24 | $209.9M | $5.4B | ||
| Q3 24 | $214.1M | $4.2B | ||
| Q2 24 | $264.6M | $4.3B | ||
| Q1 24 | $252.1M | $4.9B |
净利润DKLENB
| Q4 25 | $47.3M | $1.5B | ||
| Q3 25 | $45.6M | $575.2M | ||
| Q2 25 | $44.6M | $1.7B | ||
| Q1 25 | $39.0M | $1.7B | ||
| Q4 24 | $35.3M | $434.4M | ||
| Q3 24 | $33.7M | $1.0B | ||
| Q2 24 | $41.1M | $1.4B | ||
| Q1 24 | $32.6M | $1.1B |
毛利率DKLENB
| Q4 25 | 17.2% | — | ||
| Q3 25 | 20.6% | — | ||
| Q2 25 | 25.8% | — | ||
| Q1 25 | 21.5% | — | ||
| Q4 24 | 23.4% | — | ||
| Q3 24 | 22.8% | — | ||
| Q2 24 | 28.1% | 7.5% | ||
| Q1 24 | 28.4% | 26.2% |
营业利润率DKLENB
| Q4 25 | 14.2% | 34.7% | ||
| Q3 25 | 17.4% | 36.9% | ||
| Q2 25 | 21.3% | 35.1% | ||
| Q1 25 | 19.0% | 41.7% | ||
| Q4 24 | 18.1% | 32.8% | ||
| Q3 24 | 14.9% | 38.7% | ||
| Q2 24 | 25.9% | 38.3% | ||
| Q1 24 | 25.6% | 40.0% |
净利率DKLENB
| Q4 25 | 18.5% | 26.2% | ||
| Q3 25 | 17.4% | 12.8% | ||
| Q2 25 | 18.1% | 34.9% | ||
| Q1 25 | 15.6% | 26.8% | ||
| Q4 24 | 16.8% | 8.0% | ||
| Q3 24 | 15.7% | 24.3% | ||
| Q2 24 | 15.5% | 32.8% | ||
| Q1 24 | 13.0% | 22.3% |
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 | $10.9M | $798.6M |
| 总债务越低越好 | $2.3B | $72.2B |
| 股东权益账面价值 | — | $45.5B |
| 总资产 | $2.8B | $159.5B |
| 负债/权益比越低杠杆越低 | — | 1.59× |
8季度趋势，按日历期对齐
现金及短期投资DKLENB
| Q4 25 | $10.9M | $798.6M | ||
| Q3 25 | $6.9M | $1.0B | ||
| Q2 25 | $1.4M | $878.2M | ||
| Q1 25 | $2.1M | $1.5B | ||
| Q4 24 | $5.4M | $1.3B | ||
| Q3 24 | $7.3M | $1.4B | ||
| Q2 24 | $5.1M | $2.6B | ||
| Q1 24 | $9.7M | $886.2M |
总债务DKLENB
| Q4 25 | $2.3B | $72.2B | ||
| Q3 25 | $2.3B | $73.4B | ||
| Q2 25 | $2.2B | $70.8B | ||
| Q1 25 | $2.1B | $70.9B | ||
| Q4 24 | $1.9B | $68.2B | ||
| Q3 24 | $1.9B | $63.7B | ||
| Q2 24 | $1.6B | $62.2B | ||
| Q1 24 | $1.6B | $59.4B |
股东权益DKLENB
| Q4 25 | — | $45.5B | ||
| Q3 25 | — | $47.6B | ||
| Q2 25 | — | $47.8B | ||
| Q1 25 | — | $49.8B | ||
| Q4 24 | — | $48.1B | ||
| Q3 24 | — | $48.0B | ||
| Q2 24 | — | $49.1B | ||
| Q1 24 | — | $46.9B |
总资产DKLENB
| Q4 25 | $2.8B | $159.5B | ||
| Q3 25 | $2.7B | $158.4B | ||
| Q2 25 | $2.8B | $154.5B | ||
| Q1 25 | $2.4B | $160.6B | ||
| Q4 24 | $2.0B | $159.9B | ||
| Q3 24 | $2.0B | $150.2B | ||
| Q2 24 | $1.6B | $146.9B | ||
| Q1 24 | $1.7B | $139.2B |
负债/权益比DKLENB
| Q4 25 | — | 1.59× | ||
| Q3 25 | — | 1.54× | ||
| Q2 25 | — | 1.48× | ||
| Q1 25 | — | 1.42× | ||
| Q4 24 | — | 1.42× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | — | 1.27× | ||
| Q1 24 | — | 1.27× |
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 | $43.2M | $9.0B |
| 自由现金流经营现金流 - 资本支出 | $12.6M | $2.4B |
| 自由现金流率自由现金流/营收 | 4.9% | 42.0% |
| 资本支出强度资本支出/营收 | 12.0% | 114.3% |
| 现金转化率经营现金流/净利润 | 0.91× | 5.96× |
| 过去12个月自由现金流最近4个季度 | $-30.6M | — |
8季度趋势，按日历期对齐
经营现金流DKLENB
| Q4 25 | $43.2M | $9.0B | ||
| Q3 25 | $54.9M | — | ||
| Q2 25 | $107.4M | — | ||
| Q1 25 | $31.6M | $2.2B | ||
| Q4 24 | $49.9M | $9.2B | ||
| Q3 24 | $24.9M | — | ||
| Q2 24 | $87.6M | — | ||
| Q1 24 | $43.9M | $2.3B |
自由现金流DKLENB
| Q4 25 | $12.6M | $2.4B | ||
| Q3 25 | $-12.3M | — | ||
| Q2 25 | $-7.1M | — | ||
| Q1 25 | $-23.9M | $970.9M | ||
| Q4 24 | $3.9M | $4.3B | ||
| Q3 24 | $-31.7M | — | ||
| Q2 24 | $72.5M | — | ||
| Q1 24 | $32.6M | $1.4B |
自由现金流率DKLENB
| Q4 25 | 4.9% | 42.0% | ||
| Q3 25 | -4.7% | — | ||
| Q2 25 | -2.9% | — | ||
| Q1 25 | -9.6% | 15.1% | ||
| Q4 24 | 1.8% | 79.0% | ||
| Q3 24 | -14.8% | — | ||
| Q2 24 | 27.4% | — | ||
| Q1 24 | 12.9% | 29.0% |
资本支出强度DKLENB
| Q4 25 | 12.0% | 114.3% | ||
| Q3 25 | 25.7% | — | ||
| Q2 25 | 46.5% | — | ||
| Q1 25 | 22.2% | 19.6% | ||
| Q4 24 | 21.9% | 90.1% | ||
| Q3 24 | 26.4% | — | ||
| Q2 24 | 5.7% | — | ||
| Q1 24 | 4.5% | 17.5% |
现金转化率DKLENB
| Q4 25 | 0.91× | 5.96× | ||
| Q3 25 | 1.21× | — | ||
| Q2 25 | 2.41× | — | ||
| Q1 25 | 0.81× | 1.29× | ||
| Q4 24 | 1.41× | 21.18× | ||
| Q3 24 | 0.74× | — | ||
| Q2 24 | 2.13× | — | ||
| Q1 24 | 1.34× | 2.08× |
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
DKL
| Wholesale Marketing And Terminalling | $101.6M | 40% |
| Product Revenue Third Party | $69.5M | 27% |
| Storage And Transportation | $24.7M | 10% |
| Gravity Water Holdings LLC | $22.5M | 9% |
| Service Revenue Third Party | $18.5M | 7% |
| Other | $12.3M | 5% |
| Service Revenue Affiliate | $6.7M | 3% |
ENB
暂无分部数据
