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Digital Realty（DLR）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
GLOBAL PARTNERS LP的季度营收约是Digital Realty的1.4倍（$2.2B vs $1.6B），Digital Realty净利率更高（6.0% vs 1.1%，领先4.9%），Digital Realty同比增速更快（16.1% vs 7.0%），过去两年Digital Realty的营收复合增速更高（9.8% vs 0.2%）
Digital Realty是一家全球知名的不动产投资信托企业，核心业务涵盖全球各地运营商中立数据中心的持有、运营与投资，可为客户提供数据中心部署、主机托管、网络互联等多元专业服务，能够满足不同企业对算力基础设施、数据存储及网络连接的多样化需求。
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。
DLR vs GLP — 直观对比
营收规模更大
GLP
是对方的1.4倍
$1.6B
营收增速更快
DLR
高出9.1%
7.0%
净利率更高
DLR
高出4.9%
1.1%
两年增速更快
DLR
近两年复合增速
0.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $2.2B |
| 净利润 | $98.6M | $25.1M |
| 毛利率 | — | 11.9% |
| 营业利润率 | 6.9% | 2.6% |
| 净利率 | 6.0% | 1.1% |
| 营收同比 | 16.1% | 7.0% |
| 净利润同比 | -10.3% | 5.0% |
| 每股收益（稀释后） | $0.22 | — |
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DLRGLP
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $2.2B | ||
| Q3 25 | $1.6B | $2.2B | ||
| Q2 25 | $1.5B | $2.1B | ||
| Q1 25 | $1.4B | $2.2B | ||
| Q4 24 | $1.4B | $2.1B | ||
| Q3 24 | $1.4B | $2.1B | ||
| Q2 24 | $1.4B | $2.3B |
净利润DLRGLP
| Q1 26 | $98.6M | — | ||
| Q4 25 | $98.6M | $25.1M | ||
| Q3 25 | $67.8M | $29.0M | ||
| Q2 25 | $1.0B | $25.2M | ||
| Q1 25 | $110.0M | $18.7M | ||
| Q4 24 | $189.6M | $23.9M | ||
| Q3 24 | $51.2M | $45.9M | ||
| Q2 24 | $80.2M | $46.1M |
毛利率DLRGLP
| 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DLRGLP
| Q1 26 | 6.9% | — | ||
| Q4 25 | 6.9% | 2.6% | ||
| Q3 25 | 8.8% | 2.7% | ||
| Q2 25 | 14.2% | 2.9% | ||
| Q1 25 | 13.9% | 2.6% | ||
| Q4 24 | 10.1% | 2.8% | ||
| Q3 24 | 11.8% | 3.9% | ||
| Q2 24 | 0.7% | 3.7% |
净利率DLRGLP
| Q1 26 | 6.0% | — | ||
| Q4 25 | 6.0% | 1.1% | ||
| Q3 25 | 4.3% | 1.3% | ||
| Q2 25 | 69.1% | 1.2% | ||
| Q1 25 | 7.8% | 0.9% | ||
| Q4 24 | 13.2% | 1.2% | ||
| Q3 24 | 3.6% | 2.1% | ||
| Q2 24 | 5.9% | 2.0% |
每股收益（稀释后）DLRGLP
| Q1 26 | $0.22 | — | ||
| Q4 25 | $0.22 | — | ||
| Q3 25 | $0.15 | — | ||
| Q2 25 | $2.94 | — | ||
| Q1 25 | $0.27 | — | ||
| Q4 24 | $0.50 | — | ||
| Q3 24 | $0.09 | — | ||
| Q2 24 | $0.20 | — |
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 | $3.5B | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $22.9B | — |
| 总资产 | $49.4B | $3.9B |
| 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DLRGLP
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | — | ||
| Q3 25 | $3.3B | — | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $3.9B | — | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $2.3B | — |
股东权益DLRGLP
| Q1 26 | $22.9B | — | ||
| Q4 25 | $22.9B | — | ||
| Q3 25 | $23.0B | — | ||
| Q2 25 | $22.9B | — | ||
| Q1 25 | $21.3B | — | ||
| Q4 24 | $21.3B | — | ||
| Q3 24 | $21.2B | — | ||
| Q2 24 | $20.5B | — |
总资产DLRGLP
| Q1 26 | $49.4B | — | ||
| Q4 25 | $49.4B | $3.9B | ||
| Q3 25 | $48.7B | $3.7B | ||
| Q2 25 | $48.7B | $3.8B | ||
| Q1 25 | $45.1B | $3.8B | ||
| Q4 24 | $45.3B | $3.8B | ||
| Q3 24 | $45.3B | $3.7B | ||
| Q2 24 | $43.6B | $3.8B |
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 | — | $101.0M |
| 自由现金流经营现金流 - 资本支出 | — | $62.2M |
| 自由现金流率自由现金流/营收 | — | 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 | — | 4.03× |
| 过去12个月自由现金流最近4个季度 | — | $193.3M |
8季度趋势，按日历期对齐
经营现金流DLRGLP
| Q1 26 | — | — | ||
| Q4 25 | $719.0M | $101.0M | ||
| Q3 25 | $652.9M | $19.0M | ||
| Q2 25 | $641.2M | $216.3M | ||
| Q1 25 | $399.1M | $-51.6M | ||
| Q4 24 | $769.5M | $67.2M | ||
| Q3 24 | $566.5M | $122.7M | ||
| Q2 24 | $573.2M | $24.3M |
自由现金流DLRGLP
| Q1 26 | — | — | ||
| Q4 25 | — | $62.2M | ||
| Q3 25 | — | $-678.0K | ||
| Q2 25 | — | $201.3M | ||
| Q1 25 | — | $-69.5M | ||
| Q4 24 | — | $20.4M | ||
| Q3 24 | — | $98.4M | ||
| Q2 24 | — | $8.7M |
自由现金流率DLRGLP
| Q1 26 | — | — | ||
| Q4 25 | — | 2.8% | ||
| Q3 25 | — | -0.0% | ||
| Q2 25 | — | 9.7% | ||
| Q1 25 | — | -3.2% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 4.6% | ||
| Q2 24 | — | 0.4% |
资本支出强度DLRGLP
| Q1 26 | — | — | ||
| Q4 25 | — | 1.8% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 0.7% |
现金转化率DLRGLP
| Q1 26 | — | — | ||
| Q4 25 | 7.29× | 4.03× | ||
| Q3 25 | 9.63× | 0.66× | ||
| Q2 25 | 0.62× | 8.58× | ||
| Q1 25 | 3.63× | -2.76× | ||
| Q4 24 | 4.06× | 2.82× | ||
| Q3 24 | 11.07× | 2.67× | ||
| Q2 24 | 7.15× | 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
DLR
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% |
