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Digital Realty（DLR）与NGL Energy Partners LP（NGL）财务数据对比。点击上方公司名可切换其他公司
Digital Realty的季度营收约是NGL Energy Partners LP的1.8倍（$1.6B vs $909.8M），Digital Realty净利率更高（6.0% vs 5.2%，领先0.8%），Digital Realty同比增速更快（16.1% vs -41.3%），过去两年Digital Realty的营收复合增速更高（9.8% vs -6.4%）
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。
NGL Energy Partners LP是一家总部位于美国的中游能源服务企业，主营原油、液化天然气、可再生燃料的运输、存储及物流服务，同时为上游能源生产商提供水资源管理解决方案，业务主要覆盖北美市场。
DLR vs NGL — 直观对比
营收规模更大
DLR
是对方的1.8倍
$909.8M
营收增速更快
DLR
高出57.4%
-41.3%
净利率更高
DLR
高出0.8%
5.2%
两年增速更快
DLR
近两年复合增速
-6.4%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $909.8M |
| 净利润 | $98.6M | $47.2M |
| 毛利率 | — | 29.0% |
| 营业利润率 | 6.9% | 12.1% |
| 净利率 | 6.0% | 5.2% |
| 营收同比 | 16.1% | -41.3% |
| 净利润同比 | -10.3% | 249.3% |
| 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DLRNGL
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $909.8M | ||
| Q3 25 | $1.6B | $674.7M | ||
| Q2 25 | $1.5B | $622.2M | ||
| Q1 25 | $1.4B | $971.1M | ||
| Q4 24 | $1.4B | $982.4M | ||
| Q3 24 | $1.4B | $756.5M | ||
| Q2 24 | $1.4B | $759.2M |
净利润DLRNGL
| Q1 26 | $98.6M | — | ||
| Q4 25 | $98.6M | $47.2M | ||
| Q3 25 | $67.8M | $29.3M | ||
| Q2 25 | $1.0B | $68.9M | ||
| Q1 25 | $110.0M | $13.7M | ||
| Q4 24 | $189.6M | $13.5M | ||
| Q3 24 | $51.2M | $2.5M | ||
| Q2 24 | $80.2M | $9.7M |
毛利率DLRNGL
| Q1 26 | — | — | ||
| Q4 25 | — | 29.0% | ||
| Q3 25 | — | 37.6% | ||
| Q2 25 | — | 38.5% | ||
| Q1 25 | — | 26.9% | ||
| Q4 24 | — | 25.1% | ||
| Q3 24 | — | 30.9% | ||
| Q2 24 | — | 29.0% |
营业利润率DLRNGL
| Q1 26 | 6.9% | — | ||
| Q4 25 | 6.9% | 12.1% | ||
| Q3 25 | 8.8% | 14.0% | ||
| Q2 25 | 14.2% | 15.7% | ||
| Q1 25 | 13.9% | 8.4% | ||
| Q4 24 | 10.1% | 8.6% | ||
| Q3 24 | 11.8% | 10.8% | ||
| Q2 24 | 0.7% | 10.8% |
净利率DLRNGL
| Q1 26 | 6.0% | — | ||
| Q4 25 | 6.0% | 5.2% | ||
| Q3 25 | 4.3% | 4.3% | ||
| Q2 25 | 69.1% | 11.1% | ||
| Q1 25 | 7.8% | 1.4% | ||
| Q4 24 | 13.2% | 1.4% | ||
| Q3 24 | 3.6% | 0.3% | ||
| Q2 24 | 5.9% | 1.3% |
每股收益（稀释后）DLRNGL
| 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 | $6.5M |
| 总债务越低越好 | — | $2.9B |
| 股东权益账面价值 | $22.9B | — |
| 总资产 | $49.4B | $4.4B |
| 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DLRNGL
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $6.5M | ||
| Q3 25 | $3.3B | $8.7M | ||
| Q2 25 | $3.6B | $5.4M | ||
| Q1 25 | $2.3B | $13.5M | ||
| Q4 24 | $3.9B | $5.7M | ||
| Q3 24 | $2.2B | $4.5M | ||
| Q2 24 | $2.3B | $5.3M |
总债务DLRNGL
| Q1 26 | — | — | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.0B |
股东权益DLRNGL
| 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DLRNGL
| Q1 26 | $49.4B | — | ||
| Q4 25 | $49.4B | $4.4B | ||
| Q3 25 | $48.7B | $4.3B | ||
| Q2 25 | $48.7B | $4.2B | ||
| Q1 25 | $45.1B | $4.6B | ||
| Q4 24 | $45.3B | $4.8B | ||
| Q3 24 | $45.3B | $4.9B | ||
| Q2 24 | $43.6B | $4.8B |
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 | — | $182.3M |
| 自由现金流经营现金流 - 资本支出 | — | $45.7M |
| 自由现金流率自由现金流/营收 | — | 5.0% |
| 资本支出强度资本支出/营收 | — | 15.0% |
| 现金转化率经营现金流/净利润 | — | 3.86× |
| 过去12个月自由现金流最近4个季度 | — | $126.7M |
8季度趋势，按日历期对齐
经营现金流DLRNGL
| Q1 26 | — | — | ||
| Q4 25 | $719.0M | $182.3M | ||
| Q3 25 | $652.9M | $40.5M | ||
| Q2 25 | $641.2M | $33.2M | ||
| Q1 25 | $399.1M | $155.0M | ||
| Q4 24 | $769.5M | $153.8M | ||
| Q3 24 | $566.5M | $6.7M | ||
| Q2 24 | $573.2M | $-18.1M |
自由现金流DLRNGL
| Q1 26 | — | — | ||
| Q4 25 | — | $45.7M | ||
| Q3 25 | — | $9.5M | ||
| Q2 25 | — | $11.1M | ||
| Q1 25 | — | $60.4M | ||
| Q4 24 | — | $152.1M | ||
| Q3 24 | — | $-82.9M | ||
| Q2 24 | — | $-78.0M |
自由现金流率DLRNGL
| Q1 26 | — | — | ||
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 6.2% | ||
| Q4 24 | — | 15.5% | ||
| Q3 24 | — | -11.0% | ||
| Q2 24 | — | -10.3% |
资本支出强度DLRNGL
| Q1 26 | — | — | ||
| Q4 25 | — | 15.0% | ||
| Q3 25 | — | 4.6% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 9.7% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 11.8% | ||
| Q2 24 | — | 7.9% |
现金转化率DLRNGL
| Q1 26 | — | — | ||
| Q4 25 | 7.29× | 3.86× | ||
| Q3 25 | 9.63× | 1.38× | ||
| Q2 25 | 0.62× | 0.48× | ||
| Q1 25 | 3.63× | 11.29× | ||
| Q4 24 | 4.06× | 11.39× | ||
| Q3 24 | 11.07× | 2.74× | ||
| Q2 24 | 7.15× | -1.87× |
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
NGL
| Water Solutions Segment | $208.6M | 23% |
| Services | $193.3M | 21% |
| Butane | $192.5M | 21% |
| Service Fees | $182.8M | 20% |
| Public Utilities Inventory Propane | $93.9M | 10% |
| Crude Oil | $23.3M | 3% |
| Crude Oil Transportation And Other | $6.5M | 1% |
| Liquids Logistics Segment | $2.5M | 0% |
| Crude Oil Logistics Segment | $1.2M | 0% |
