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Delek Logistics Partners, LP（DKL）与HECLA MINING CO（HL）财务数据对比。点击上方公司名可切换其他公司
HECLA MINING CO的季度营收约是Delek Logistics Partners, LP的1.8倍（$448.1M vs $255.8M），HECLA MINING CO净利率更高（30.0% vs 18.5%，领先11.5%），HECLA MINING CO同比增速更快（79.5% vs 21.9%），HECLA MINING CO自由现金流更多（$134.7M vs $12.6M），过去两年HECLA MINING CO的营收复合增速更高（53.8% 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。
赫克拉矿业是总部位于美国的金属开采企业，主营银、金、铅、锌等矿产开发，矿区主要分布于北美地区，产品供应珠宝、工业制造、新能源供应链等领域，是美国头部原生银生产商之一。
DKL vs HL — 直观对比
营收规模更大
HL
是对方的1.8倍
$255.8M
营收增速更快
HL
高出57.6%
21.9%
净利率更高
HL
高出11.5%
18.5%
自由现金流更多
HL
多$122.1M
$12.6M
两年增速更快
HL
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $255.8M | $448.1M |
| 净利润 | $47.3M | $134.4M |
| 毛利率 | 17.2% | 55.4% |
| 营业利润率 | 14.2% | 49.1% |
| 净利率 | 18.5% | 30.0% |
| 营收同比 | 21.9% | 79.5% |
| 净利润同比 | 34.0% | 1027.2% |
| 每股收益（稀释后） | — | $0.20 |
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DKLHL
| Q4 25 | $255.8M | $448.1M | ||
| Q3 25 | $261.3M | $409.5M | ||
| Q2 25 | $246.3M | $304.0M | ||
| Q1 25 | $249.9M | $261.3M | ||
| Q4 24 | $209.9M | $249.7M | ||
| Q3 24 | $214.1M | $245.1M | ||
| Q2 24 | $264.6M | $245.7M | ||
| Q1 24 | $252.1M | $189.5M |
净利润DKLHL
| Q4 25 | $47.3M | $134.4M | ||
| Q3 25 | $45.6M | $100.7M | ||
| Q2 25 | $44.6M | $57.7M | ||
| Q1 25 | $39.0M | $28.9M | ||
| Q4 24 | $35.3M | $11.9M | ||
| Q3 24 | $33.7M | $1.8M | ||
| Q2 24 | $41.1M | $27.9M | ||
| Q1 24 | $32.6M | $-5.8M |
毛利率DKLHL
| Q4 25 | 17.2% | 55.4% | ||
| Q3 25 | 20.6% | 44.1% | ||
| Q2 25 | 25.8% | 39.3% | ||
| Q1 25 | 21.5% | 28.3% | ||
| Q4 24 | 23.4% | 27.4% | ||
| Q3 24 | 22.8% | 24.2% | ||
| Q2 24 | 28.1% | 20.9% | ||
| Q1 24 | 28.4% | 10.1% |
营业利润率DKLHL
| Q4 25 | 14.2% | 49.1% | ||
| Q3 25 | 17.4% | 36.3% | ||
| Q2 25 | 21.3% | 30.8% | ||
| Q1 25 | 19.0% | 20.0% | ||
| Q4 24 | 18.1% | 15.3% | ||
| Q3 24 | 14.9% | 9.2% | ||
| Q2 24 | 25.9% | 16.5% | ||
| Q1 24 | 25.6% | 2.7% |
净利率DKLHL
| Q4 25 | 18.5% | 30.0% | ||
| Q3 25 | 17.4% | 24.6% | ||
| Q2 25 | 18.1% | 19.0% | ||
| Q1 25 | 15.6% | 11.0% | ||
| Q4 24 | 16.8% | 4.8% | ||
| Q3 24 | 15.7% | 0.7% | ||
| Q2 24 | 15.5% | 11.3% | ||
| Q1 24 | 13.0% | -3.0% |
每股收益（稀释后）DKLHL
| Q4 25 | — | $0.20 | ||
| Q3 25 | — | $0.15 | ||
| Q2 25 | — | $0.09 | ||
| Q1 25 | — | $0.05 | ||
| Q4 24 | — | $0.03 | ||
| Q3 24 | — | $0.00 | ||
| Q2 24 | — | $0.04 | ||
| Q1 24 | — | $-0.01 |
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 | $301.2M |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | — | $2.6B |
| 总资产 | $2.8B | $3.6B |
| 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DKLHL
| Q4 25 | $10.9M | $301.2M | ||
| Q3 25 | $6.9M | $133.9M | ||
| Q2 25 | $1.4M | $296.6M | ||
| Q1 25 | $2.1M | $23.7M | ||
| Q4 24 | $5.4M | $26.9M | ||
| Q3 24 | $7.3M | $22.3M | ||
| Q2 24 | $5.1M | $24.6M | ||
| Q1 24 | $9.7M | $80.2M |
总债务DKLHL
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | $1.6B | — |
股东权益DKLHL
| Q4 25 | — | $2.6B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $2.0B |
总资产DKLHL
| Q4 25 | $2.8B | $3.6B | ||
| Q3 25 | $2.7B | $3.2B | ||
| Q2 25 | $2.8B | $3.3B | ||
| Q1 25 | $2.4B | $3.0B | ||
| Q4 24 | $2.0B | $3.0B | ||
| Q3 24 | $2.0B | $3.0B | ||
| Q2 24 | $1.6B | $2.9B | ||
| Q1 24 | $1.7B | $3.0B |
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 | $217.1M |
| 自由现金流经营现金流 - 资本支出 | $12.6M | $134.7M |
| 自由现金流率自由现金流/营收 | 4.9% | 30.1% |
| 资本支出强度资本支出/营收 | 12.0% | 18.4% |
| 现金转化率经营现金流/净利润 | 0.91× | 1.61× |
| 过去12个月自由现金流最近4个季度 | $-30.6M | $310.2M |
8季度趋势，按日历期对齐
经营现金流DKLHL
| Q4 25 | $43.2M | $217.1M | ||
| Q3 25 | $54.9M | $148.0M | ||
| Q2 25 | $107.4M | $161.8M | ||
| Q1 25 | $31.6M | $35.7M | ||
| Q4 24 | $49.9M | $67.5M | ||
| Q3 24 | $24.9M | $55.0M | ||
| Q2 24 | $87.6M | $78.7M | ||
| Q1 24 | $43.9M | $17.1M |
自由现金流DKLHL
| Q4 25 | $12.6M | $134.7M | ||
| Q3 25 | $-12.3M | $90.1M | ||
| Q2 25 | $-7.1M | $103.8M | ||
| Q1 25 | $-23.9M | $-18.4M | ||
| Q4 24 | $3.9M | $6.7M | ||
| Q3 24 | $-31.7M | $-690.0K | ||
| Q2 24 | $72.5M | $28.3M | ||
| Q1 24 | $32.6M | $-30.5M |
自由现金流率DKLHL
| Q4 25 | 4.9% | 30.1% | ||
| Q3 25 | -4.7% | 22.0% | ||
| Q2 25 | -2.9% | 34.1% | ||
| Q1 25 | -9.6% | -7.0% | ||
| Q4 24 | 1.8% | 2.7% | ||
| Q3 24 | -14.8% | -0.3% | ||
| Q2 24 | 27.4% | 11.5% | ||
| Q1 24 | 12.9% | -16.1% |
资本支出强度DKLHL
| Q4 25 | 12.0% | 18.4% | ||
| Q3 25 | 25.7% | 14.1% | ||
| Q2 25 | 46.5% | 19.1% | ||
| Q1 25 | 22.2% | 20.7% | ||
| Q4 24 | 21.9% | 24.3% | ||
| Q3 24 | 26.4% | 22.7% | ||
| Q2 24 | 5.7% | 20.5% | ||
| Q1 24 | 4.5% | 25.1% |
现金转化率DKLHL
| Q4 25 | 0.91× | 1.61× | ||
| Q3 25 | 1.21× | 1.47× | ||
| Q2 25 | 2.41× | 2.80× | ||
| Q1 25 | 0.81× | 1.24× | ||
| Q4 24 | 1.41× | 5.66× | ||
| Q3 24 | 0.74× | 31.24× | ||
| Q2 24 | 2.13× | 2.82× | ||
| Q1 24 | 1.34× | — |
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% |
HL
| Silver Contracts | $258.5M | 58% |
| Gold | $129.2M | 29% |
| Zinc | $30.3M | 7% |
| Lead | $23.3M | 5% |
| Environmental Remediation Services | $9.2M | 2% |
