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FutureFuel Corp.（FF）与Westlake Chemical Partners LP（WLKP）财务数据对比。点击上方公司名可切换其他公司
Westlake Chemical Partners LP的季度营收约是FutureFuel Corp.的16.3倍（$323.0M vs $19.8M）。Westlake Chemical Partners LP净利率更高（4.5% vs -60.5%，领先65.0%）。Westlake Chemical Partners LP同比增速更快（11.4% vs -67.7%）。Westlake Chemical Partners LP自由现金流更多（$111.5M vs $-29.9M）。过去两年Westlake Chemical Partners LP的营收复合增速更高（6.5% vs -41.7%）
FutureFuel是一家专注于化学品与生物燃料的研发生产商，业务涵盖相关产品的开发与生产，目前在纽约证券交易所挂牌上市，股票代码为FF。
Westlake Chemical Partners LP是一家石化领域有限合伙企业，主营乙烯、聚乙烯、苯乙烯单体等基础石化产品的生产与销售，核心市场覆盖北美地区，服务包装、建材、消费品、工业制造等下游行业客户。
FF vs WLKP — 直观对比
营收规模更大
WLKP
是对方的16.3倍
$19.8M
营收增速更快
WLKP
高出79.1%
-67.7%
净利率更高
WLKP
高出65.0%
-60.5%
自由现金流更多
WLKP
多$141.4M
$-29.9M
两年增速更快
WLKP
近两年复合增速
-41.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $19.8M | $323.0M |
| 净利润 | $-12.0M | $14.5M |
| 毛利率 | -46.7% | 30.0% |
| 营业利润率 | -62.9% | 27.8% |
| 净利率 | -60.5% | 4.5% |
| 营收同比 | -67.7% | 11.4% |
| 净利润同比 | -529.4% | -3.0% |
| 每股收益（稀释后） | $-0.28 | — |
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FFWLKP
| Q4 25 | $19.8M | $323.0M | ||
| Q3 25 | $22.7M | $308.9M | ||
| Q2 25 | $35.7M | $297.1M | ||
| Q1 25 | $17.5M | $237.6M | ||
| Q4 24 | $61.5M | $290.1M | ||
| Q3 24 | $51.1M | $277.0M | ||
| Q2 24 | $72.4M | $284.2M | ||
| Q1 24 | $58.3M | $284.7M |
净利润FFWLKP
| Q4 25 | $-12.0M | $14.5M | ||
| Q3 25 | $-9.3M | $14.7M | ||
| Q2 25 | $-10.4M | $14.6M | ||
| Q1 25 | $-17.6M | $4.9M | ||
| Q4 24 | $2.8M | $15.0M | ||
| Q3 24 | $-1.2M | $18.1M | ||
| Q2 24 | $9.6M | $14.4M | ||
| Q1 24 | $4.3M | $14.8M |
毛利率FFWLKP
| Q4 25 | -46.7% | 30.0% | ||
| Q3 25 | -30.1% | 32.2% | ||
| Q2 25 | -24.6% | 32.8% | ||
| Q1 25 | -83.0% | 22.8% | ||
| Q4 24 | 9.1% | 34.0% | ||
| Q3 24 | 0.7% | 42.2% | ||
| Q2 24 | 12.0% | 35.6% | ||
| Q1 24 | 8.6% | 35.9% |
营业利润率FFWLKP
| Q4 25 | -62.9% | 27.8% | ||
| Q3 25 | -42.9% | 29.8% | ||
| Q2 25 | -33.4% | 30.7% | ||
| Q1 25 | -107.4% | 19.6% | ||
| Q4 24 | 2.6% | 31.7% | ||
| Q3 24 | -5.6% | 39.6% | ||
| Q2 24 | 7.5% | 32.9% | ||
| Q1 24 | 3.8% | 33.4% |
净利率FFWLKP
| Q4 25 | -60.5% | 4.5% | ||
| Q3 25 | -41.1% | 4.7% | ||
| Q2 25 | -29.2% | 4.9% | ||
| Q1 25 | -100.6% | 2.1% | ||
| Q4 24 | 4.5% | 5.2% | ||
| Q3 24 | -2.3% | 6.5% | ||
| Q2 24 | 13.2% | 5.1% | ||
| Q1 24 | 7.4% | 5.2% |
每股收益（稀释后）FFWLKP
| Q4 25 | $-0.28 | — | ||
| Q3 25 | $-0.21 | — | ||
| Q2 25 | $-0.24 | — | ||
| Q1 25 | $-0.40 | — | ||
| Q4 24 | $0.06 | — | ||
| Q3 24 | $-0.03 | — | ||
| Q2 24 | $0.22 | — | ||
| Q1 24 | $0.10 | — |
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 | $51.3M | $44.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $154.7M | — |
| 总资产 | $192.2M | $1.3B |
| 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FFWLKP
| Q4 25 | $51.3M | $44.3M | ||
| Q3 25 | $85.6M | $37.9M | ||
| Q2 25 | $95.2M | $36.6M | ||
| Q1 25 | $97.1M | $49.6M | ||
| Q4 24 | $109.5M | $58.3M | ||
| Q3 24 | $133.4M | $60.2M | ||
| Q2 24 | $115.1M | $66.0M | ||
| Q1 24 | $201.1M | $55.8M |
股东权益FFWLKP
| Q4 25 | $154.7M | — | ||
| Q3 25 | $169.1M | — | ||
| Q2 25 | $178.2M | — | ||
| Q1 25 | $188.4M | — | ||
| Q4 24 | $205.8M | — | ||
| Q3 24 | $213.3M | — | ||
| Q2 24 | $214.4M | — | ||
| Q1 24 | $204.8M | — |
总资产FFWLKP
| Q4 25 | $192.2M | $1.3B | ||
| Q3 25 | $203.5M | $1.3B | ||
| Q2 25 | $218.2M | $1.3B | ||
| Q1 25 | $227.7M | $1.4B | ||
| Q4 24 | $247.7M | $1.3B | ||
| Q3 24 | $256.5M | $1.3B | ||
| Q2 24 | $261.2M | $1.3B | ||
| Q1 24 | $365.4M | $1.3B |
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 | $-27.4M | $120.4M |
| 自由现金流经营现金流 - 资本支出 | $-29.9M | $111.5M |
| 自由现金流率自由现金流/营收 | -150.5% | 34.5% |
| 资本支出强度资本支出/营收 | 12.2% | 2.7% |
| 现金转化率经营现金流/净利润 | — | 8.28× |
| 过去12个月自由现金流最近4个季度 | $-46.0M | $201.7M |
8季度趋势，按日历期对齐
经营现金流FFWLKP
| Q4 25 | $-27.4M | $120.4M | ||
| Q3 25 | $-1.1M | $105.2M | ||
| Q2 25 | $5.2M | $9.1M | ||
| Q1 25 | $-5.4M | $45.8M | ||
| Q4 24 | $-16.6M | $132.5M | ||
| Q3 24 | $25.8M | $126.1M | ||
| Q2 24 | $27.8M | $121.9M | ||
| Q1 24 | $-12.2M | $104.6M |
自由现金流FFWLKP
| Q4 25 | $-29.9M | $111.5M | ||
| Q3 25 | $-6.5M | $75.6M | ||
| Q2 25 | $-263.0K | $-15.3M | ||
| Q1 25 | $-9.4M | $29.8M | ||
| Q4 24 | $-20.7M | $119.0M | ||
| Q3 24 | $20.5M | $110.5M | ||
| Q2 24 | $24.8M | $111.7M | ||
| Q1 24 | $-14.5M | $94.8M |
自由现金流率FFWLKP
| Q4 25 | -150.5% | 34.5% | ||
| Q3 25 | -28.5% | 24.5% | ||
| Q2 25 | -0.7% | -5.2% | ||
| Q1 25 | -53.6% | 12.6% | ||
| Q4 24 | -33.6% | 41.0% | ||
| Q3 24 | 40.1% | 39.9% | ||
| Q2 24 | 34.3% | 39.3% | ||
| Q1 24 | -24.9% | 33.3% |
资本支出强度FFWLKP
| Q4 25 | 12.2% | 2.7% | ||
| Q3 25 | 23.5% | 9.6% | ||
| Q2 25 | 15.3% | 8.2% | ||
| Q1 25 | 22.8% | 6.7% | ||
| Q4 24 | 6.6% | 4.6% | ||
| Q3 24 | 10.4% | 5.6% | ||
| Q2 24 | 4.1% | 3.6% | ||
| Q1 24 | 3.9% | 3.4% |
现金转化率FFWLKP
| Q4 25 | — | 8.28× | ||
| Q3 25 | — | 7.18× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 9.25× | ||
| Q4 24 | -5.94× | 8.83× | ||
| Q3 24 | — | 6.95× | ||
| Q2 24 | 2.90× | 8.45× | ||
| Q1 24 | -2.82× | 7.05× |
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
FF
| Chemicals | $18.0M | 91% |
| Biofuels | $1.8M | 9% |
WLKP
| Affiliated Entity | $296.9M | 92% |
| Nonrelated Party | $26.2M | 8% |
