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艾默生（EMR）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
艾默生的季度营收约是GLOBAL PARTNERS LP的2.0倍（$4.3B vs $2.2B），艾默生净利率更高（13.9% vs 1.1%，领先12.8%），GLOBAL PARTNERS LP同比增速更快（7.0% vs 4.1%），艾默生自由现金流更多（$602.0M vs $62.2M），过去两年GLOBAL PARTNERS LP的营收复合增速更高（0.2% vs -0.3%）
艾默生是总部位于美国密苏里州圣路易斯的世界500强跨国企业，业务涵盖工业自动化设备、暖通控制系统、精密测量仪器的研发制造，同时面向工业、商业、消费级市场提供工程服务及对应软件工程解决方案。
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。
EMR vs GLP — 直观对比
营收规模更大
EMR
是对方的2.0倍
$2.2B
营收增速更快
GLP
高出2.9%
4.1%
净利率更高
EMR
高出12.8%
1.1%
自由现金流更多
EMR
多$539.8M
$62.2M
两年增速更快
GLP
近两年复合增速
-0.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $2.2B |
| 净利润 | $605.0M | $25.1M |
| 毛利率 | 53.2% | 11.9% |
| 营业利润率 | 17.8% | 2.6% |
| 净利率 | 13.9% | 1.1% |
| 营收同比 | 4.1% | 7.0% |
| 净利润同比 | 3.4% | 5.0% |
| 每股收益（稀释后） | $1.07 | — |
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EMRGLP
| Q4 25 | $4.3B | $2.2B | ||
| Q3 25 | $4.9B | $2.2B | ||
| Q2 25 | $4.6B | $2.1B | ||
| Q1 25 | $4.4B | $2.2B | ||
| Q4 24 | $4.2B | $2.1B | ||
| Q3 24 | $4.6B | $2.1B | ||
| Q2 24 | $4.4B | $2.3B | ||
| Q1 24 | $4.4B | $2.2B |
净利润EMRGLP
| Q4 25 | $605.0M | $25.1M | ||
| Q3 25 | $637.0M | $29.0M | ||
| Q2 25 | $586.0M | $25.2M | ||
| Q1 25 | $485.0M | $18.7M | ||
| Q4 24 | $585.0M | $23.9M | ||
| Q3 24 | $996.0M | $45.9M | ||
| Q2 24 | $329.0M | $46.1M | ||
| Q1 24 | $501.0M | $-5.6M |
毛利率EMRGLP
| Q4 25 | 53.2% | 11.9% | ||
| Q3 25 | 51.9% | 12.1% | ||
| Q2 25 | 52.6% | 13.1% | ||
| Q1 25 | 53.5% | 11.7% | ||
| Q4 24 | 53.5% | 13.0% | ||
| Q3 24 | 51.3% | 13.4% | ||
| Q2 24 | 52.8% | 12.6% | ||
| Q1 24 | 52.2% | 9.8% |
营业利润率EMRGLP
| Q4 25 | 17.8% | 2.6% | ||
| Q3 25 | 16.4% | 2.7% | ||
| Q2 25 | 16.1% | 2.9% | ||
| Q1 25 | 14.2% | 2.6% | ||
| Q4 24 | 18.6% | 2.8% | ||
| Q3 24 | 14.7% | 3.9% | ||
| Q2 24 | 10.4% | 3.7% | ||
| Q1 24 | 16.2% | 1.2% |
净利率EMRGLP
| Q4 25 | 13.9% | 1.1% | ||
| Q3 25 | 13.1% | 1.3% | ||
| Q2 25 | 12.9% | 1.2% | ||
| Q1 25 | 10.9% | 0.9% | ||
| Q4 24 | 14.0% | 1.2% | ||
| Q3 24 | 21.6% | 2.1% | ||
| Q2 24 | 7.5% | 2.0% | ||
| Q1 24 | 11.4% | -0.3% |
每股收益（稀释后）EMRGLP
| Q4 25 | $1.07 | — | ||
| Q3 25 | $1.12 | — | ||
| Q2 25 | $1.04 | — | ||
| Q1 25 | $0.86 | — | ||
| Q4 24 | $1.02 | — | ||
| Q3 24 | $1.74 | — | ||
| Q2 24 | $0.57 | — | ||
| Q1 24 | $0.87 | — |
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 | — | — |
| 总债务越低越好 | $7.6B | — |
| 股东权益账面价值 | $20.3B | — |
| 总资产 | $41.9B | $3.9B |
| 负债/权益比越低杠杆越低 | 0.37× | — |
8季度趋势，按日历期对齐
总债务EMRGLP
| Q4 25 | $7.6B | — | ||
| Q3 25 | $8.9B | — | ||
| Q2 25 | $8.3B | — | ||
| Q1 25 | $8.2B | — | ||
| Q4 24 | $6.6B | — | ||
| Q3 24 | $7.7B | — | ||
| Q2 24 | $7.1B | — | ||
| Q1 24 | $7.6B | — |
股东权益EMRGLP
| Q4 25 | $20.3B | — | ||
| Q3 25 | $20.3B | — | ||
| Q2 25 | $19.9B | — | ||
| Q1 25 | $19.2B | — | ||
| Q4 24 | $20.5B | — | ||
| Q3 24 | $21.6B | — | ||
| Q2 24 | $20.8B | — | ||
| Q1 24 | $20.9B | — |
总资产EMRGLP
| Q4 25 | $41.9B | $3.9B | ||
| Q3 25 | $42.0B | $3.7B | ||
| Q2 25 | $42.5B | $3.8B | ||
| Q1 25 | $42.0B | $3.8B | ||
| Q4 24 | $42.6B | $3.8B | ||
| Q3 24 | $44.2B | $3.7B | ||
| Q2 24 | $45.6B | $3.8B | ||
| Q1 24 | $46.4B | $3.5B |
负债/权益比EMRGLP
| Q4 25 | 0.37× | — | ||
| Q3 25 | 0.44× | — | ||
| Q2 25 | 0.42× | — | ||
| Q1 25 | 0.42× | — | ||
| Q4 24 | 0.32× | — | ||
| Q3 24 | 0.36× | — | ||
| Q2 24 | 0.34× | — | ||
| Q1 24 | 0.36× | — |
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 | $699.0M | $101.0M |
| 自由现金流经营现金流 - 资本支出 | $602.0M | $62.2M |
| 自由现金流率自由现金流/营收 | 13.9% | 2.8% |
| 资本支出强度资本支出/营收 | 2.2% | 1.8% |
| 现金转化率经营现金流/净利润 | 1.16× | 4.03× |
| 过去12个月自由现金流最近4个季度 | $4.4B | $193.3M |
8季度趋势，按日历期对齐
经营现金流EMRGLP
| Q4 25 | $699.0M | $101.0M | ||
| Q3 25 | $3.1B | $19.0M | ||
| Q2 25 | $1.1B | $216.3M | ||
| Q1 25 | $241.0M | $-51.6M | ||
| Q4 24 | $777.0M | $67.2M | ||
| Q3 24 | $3.3B | $122.7M | ||
| Q2 24 | $1.1B | $24.3M | ||
| Q1 24 | $743.0M | $-182.7M |
自由现金流EMRGLP
| Q4 25 | $602.0M | $62.2M | ||
| Q3 25 | $2.7B | $-678.0K | ||
| Q2 25 | $977.0M | $201.3M | ||
| Q1 25 | $154.0M | $-69.5M | ||
| Q4 24 | $694.0M | $20.4M | ||
| Q3 24 | $2.9B | $98.4M | ||
| Q2 24 | $998.0M | $8.7M | ||
| Q1 24 | $661.0M | $-199.3M |
自由现金流率EMRGLP
| Q4 25 | 13.9% | 2.8% | ||
| Q3 25 | 54.9% | -0.0% | ||
| Q2 25 | 21.5% | 9.7% | ||
| Q1 25 | 3.5% | -3.2% | ||
| Q4 24 | 16.6% | 1.0% | ||
| Q3 24 | 63.1% | 4.6% | ||
| Q2 24 | 22.8% | 0.4% | ||
| Q1 24 | 15.1% | -9.0% |
资本支出强度EMRGLP
| Q4 25 | 2.2% | 1.8% | ||
| Q3 25 | 8.9% | 0.9% | ||
| Q2 25 | 2.0% | 0.7% | ||
| Q1 25 | 2.0% | 0.8% | ||
| Q4 24 | 2.0% | 2.3% | ||
| Q3 24 | 9.1% | 1.1% | ||
| Q2 24 | 2.1% | 0.7% | ||
| Q1 24 | 1.9% | 0.8% |
现金转化率EMRGLP
| Q4 25 | 1.16× | 4.03× | ||
| Q3 25 | 4.86× | 0.66× | ||
| Q2 25 | 1.83× | 8.58× | ||
| Q1 25 | 0.50× | -2.76× | ||
| Q4 24 | 1.33× | 2.82× | ||
| Q3 24 | 3.35× | 2.67× | ||
| Q2 24 | 3.31× | 0.53× | ||
| Q1 24 | 1.48× | — |
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
EMR
| Other | $1.8B | 41% |
| Software And Systems | $1.0B | 24% |
| Intelligent Devices | $996.0M | 23% |
| Safety And Productivity | $503.0M | 12% |
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% |
