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Devon Energy（DVN）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
Devon Energy的季度营收约是GLOBAL PARTNERS LP的1.8倍（$3.9B vs $2.2B）。Devon Energy净利率更高（14.3% vs 1.1%，领先13.1%）。GLOBAL PARTNERS LP同比增速更快（7.0% vs -12.3%）。Devon Energy自由现金流更多（$702.0M vs $62.2M）。过去两年Devon Energy的营收复合增速更高（2.6% vs 0.2%）
Devon Energy是美国主营油气勘探开发的能源企业，注册地位于特拉华州，运营总部设在俄克拉荷马州俄克拉荷马市的50层Devon Energy中心，业务布局覆盖特拉华盆地、伊格尔福特产区及落基山脉区域。
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。
DVN vs GLP — 直观对比
营收规模更大
DVN
是对方的1.8倍
$2.2B
营收增速更快
GLP
高出19.2%
-12.3%
净利率更高
DVN
高出13.1%
1.1%
自由现金流更多
DVN
多$639.8M
$62.2M
两年增速更快
DVN
近两年复合增速
0.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $2.2B |
| 净利润 | $562.0M | $25.1M |
| 毛利率 | — | 11.9% |
| 营业利润率 | 19.0% | 2.6% |
| 净利率 | 14.3% | 1.1% |
| 营收同比 | -12.3% | 7.0% |
| 净利润同比 | -12.1% | 5.0% |
| 每股收益（稀释后） | $0.90 | — |
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DVNGLP
| Q4 25 | $3.9B | $2.2B | ||
| Q3 25 | $4.3B | $2.2B | ||
| Q2 25 | $4.0B | $2.1B | ||
| Q1 25 | $4.5B | $2.2B | ||
| Q4 24 | $4.5B | $2.1B | ||
| Q3 24 | $3.8B | $2.1B | ||
| Q2 24 | $3.9B | $2.3B | ||
| Q1 24 | $3.7B | $2.2B |
净利润DVNGLP
| Q4 25 | $562.0M | $25.1M | ||
| Q3 25 | $687.0M | $29.0M | ||
| Q2 25 | $899.0M | $25.2M | ||
| Q1 25 | $494.0M | $18.7M | ||
| Q4 24 | $639.0M | $23.9M | ||
| Q3 24 | $812.0M | $45.9M | ||
| Q2 24 | $844.0M | $46.1M | ||
| Q1 24 | $596.0M | $-5.6M |
毛利率DVNGLP
| 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% | ||
| Q1 24 | — | 9.8% |
营业利润率DVNGLP
| Q4 25 | 19.0% | 2.6% | ||
| Q3 25 | 21.5% | 2.7% | ||
| Q2 25 | 28.7% | 2.9% | ||
| Q1 25 | 14.2% | 2.6% | ||
| Q4 24 | 18.7% | 2.8% | ||
| Q3 24 | 28.0% | 3.9% | ||
| Q2 24 | 26.7% | 3.7% | ||
| Q1 24 | 20.5% | 1.2% |
净利率DVNGLP
| Q4 25 | 14.3% | 1.1% | ||
| Q3 25 | 16.2% | 1.3% | ||
| Q2 25 | 22.2% | 1.2% | ||
| Q1 25 | 10.9% | 0.9% | ||
| Q4 24 | 14.2% | 1.2% | ||
| Q3 24 | 21.4% | 2.1% | ||
| Q2 24 | 21.7% | 2.0% | ||
| Q1 24 | 15.9% | -0.3% |
每股收益（稀释后）DVNGLP
| Q4 25 | $0.90 | — | ||
| Q3 25 | $1.09 | — | ||
| Q2 25 | $1.41 | — | ||
| Q1 25 | $0.77 | — | ||
| Q4 24 | $0.98 | — | ||
| Q3 24 | $1.30 | — | ||
| Q2 24 | $1.34 | — | ||
| Q1 24 | $0.94 | — |
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 | $1.4B | — |
| 总债务越低越好 | $8.4B | — |
| 股东权益账面价值 | $15.5B | — |
| 总资产 | $31.6B | $3.9B |
| 负债/权益比越低杠杆越低 | 0.54× | — |
8季度趋势，按日历期对齐
现金及短期投资DVNGLP
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $811.0M | — | ||
| Q3 24 | $645.0M | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — |
总债务DVNGLP
| Q4 25 | $8.4B | — | ||
| Q3 25 | $8.4B | — | ||
| Q2 25 | $8.9B | — | ||
| Q1 25 | $8.9B | — | ||
| Q4 24 | $8.9B | — | ||
| Q3 24 | $8.9B | — | ||
| Q2 24 | $6.1B | — | ||
| Q1 24 | $6.1B | — |
股东权益DVNGLP
| Q4 25 | $15.5B | — | ||
| Q3 25 | $15.3B | — | ||
| Q2 25 | $15.1B | — | ||
| Q1 25 | $14.5B | — | ||
| Q4 24 | $14.5B | — | ||
| Q3 24 | $14.3B | — | ||
| Q2 24 | $12.6B | — | ||
| Q1 24 | $12.2B | — |
总资产DVNGLP
| Q4 25 | $31.6B | $3.9B | ||
| Q3 25 | $31.2B | $3.7B | ||
| Q2 25 | $31.4B | $3.8B | ||
| Q1 25 | $30.9B | $3.8B | ||
| Q4 24 | $30.5B | $3.8B | ||
| Q3 24 | $30.3B | $3.7B | ||
| Q2 24 | $25.2B | $3.8B | ||
| Q1 24 | $25.0B | $3.5B |
负债/权益比DVNGLP
| Q4 25 | 0.54× | — | ||
| Q3 25 | 0.55× | — | ||
| Q2 25 | 0.59× | — | ||
| Q1 25 | 0.61× | — | ||
| Q4 24 | 0.61× | — | ||
| Q3 24 | 0.62× | — | ||
| Q2 24 | 0.49× | — | ||
| Q1 24 | 0.51× | — |
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 | $1.5B | $101.0M |
| 自由现金流经营现金流 - 资本支出 | $702.0M | $62.2M |
| 自由现金流率自由现金流/营收 | 17.8% | 2.8% |
| 资本支出强度资本支出/营收 | 21.1% | 1.8% |
| 现金转化率经营现金流/净利润 | 2.73× | 4.03× |
| 过去12个月自由现金流最近4个季度 | $3.1B | $193.3M |
8季度趋势，按日历期对齐
经营现金流DVNGLP
| Q4 25 | $1.5B | $101.0M | ||
| Q3 25 | $1.7B | $19.0M | ||
| Q2 25 | $1.5B | $216.3M | ||
| Q1 25 | $1.9B | $-51.6M | ||
| Q4 24 | $1.7B | $67.2M | ||
| Q3 24 | $1.7B | $122.7M | ||
| Q2 24 | $1.5B | $24.3M | ||
| Q1 24 | $1.7B | $-182.7M |
自由现金流DVNGLP
| Q4 25 | $702.0M | $62.2M | ||
| Q3 25 | $820.0M | $-678.0K | ||
| Q2 25 | $589.0M | $201.3M | ||
| Q1 25 | $1.0B | $-69.5M | ||
| Q4 24 | $738.0M | $20.4M | ||
| Q3 24 | $786.0M | $98.4M | ||
| Q2 24 | $587.0M | $8.7M | ||
| Q1 24 | $844.0M | $-199.3M |
自由现金流率DVNGLP
| Q4 25 | 17.8% | 2.8% | ||
| Q3 25 | 19.3% | -0.0% | ||
| Q2 25 | 14.6% | 9.7% | ||
| Q1 25 | 22.2% | -3.2% | ||
| Q4 24 | 16.4% | 1.0% | ||
| Q3 24 | 20.7% | 4.6% | ||
| Q2 24 | 15.1% | 0.4% | ||
| Q1 24 | 22.6% | -9.0% |
资本支出强度DVNGLP
| Q4 25 | 21.1% | 1.8% | ||
| Q3 25 | 20.5% | 0.9% | ||
| Q2 25 | 23.6% | 0.7% | ||
| Q1 25 | 20.5% | 0.8% | ||
| Q4 24 | 20.6% | 2.3% | ||
| Q3 24 | 23.1% | 1.1% | ||
| Q2 24 | 24.3% | 0.7% | ||
| Q1 24 | 23.9% | 0.8% |
现金转化率DVNGLP
| Q4 25 | 2.73× | 4.03× | ||
| Q3 25 | 2.46× | 0.66× | ||
| Q2 25 | 1.72× | 8.58× | ||
| Q1 25 | 3.93× | -2.76× | ||
| Q4 24 | 2.60× | 2.82× | ||
| Q3 24 | 2.05× | 2.67× | ||
| Q2 24 | 1.82× | 0.53× | ||
| Q1 24 | 2.92× | — |
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
DVN
| Oil Gas And NGL Sales | $2.6B | 65% |
| Marketing And Midstream Revenues | $1.4B | 35% |
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% |
