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F&G Annuities & Life, Inc.（FG）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
F&G Annuities & Life, Inc.的季度营收约是NGL Energy Partners LP的1.9倍（$1.8B vs $909.8M），F&G Annuities & Life, Inc.净利率更高（7.3% vs 5.2%，领先2.1%），F&G Annuities & Life, Inc.同比增速更快（13.2% vs -41.3%），过去两年F&G Annuities & Life, Inc.的营收复合增速更高（6.1% vs -6.4%）
F&G年金人寿保险公司是一家总部位于美国爱荷华州得梅因的上市企业，成立于1959年，核心业务涵盖年金产品、人寿保险及养老金收购服务，长期为客户提供多元化的风险保障与养老财务解决方案。
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。
FG vs NGL — 直观对比
营收规模更大
FG
是对方的1.9倍
$909.8M
营收增速更快
FG
高出54.5%
-41.3%
净利率更高
FG
高出2.1%
5.2%
两年增速更快
FG
近两年复合增速
-6.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $909.8M |
| 净利润 | $128.0M | $47.2M |
| 毛利率 | — | 29.0% |
| 营业利润率 | — | 12.1% |
| 净利率 | 7.3% | 5.2% |
| 营收同比 | 13.2% | -41.3% |
| 净利润同比 | -60.9% | 249.3% |
| 每股收益（稀释后） | $0.97 | — |
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FGNGL
| Q4 25 | $1.8B | $909.8M | ||
| Q3 25 | $1.7B | $674.7M | ||
| Q2 25 | $1.4B | $622.2M | ||
| Q1 25 | $908.0M | $971.1M | ||
| Q4 24 | $1.6B | $982.4M | ||
| Q3 24 | $1.4B | $756.5M | ||
| Q2 24 | $1.2B | $759.2M | ||
| Q1 24 | $1.6B | $1.0B |
净利润FGNGL
| Q4 25 | $128.0M | $47.2M | ||
| Q3 25 | $118.0M | $29.3M | ||
| Q2 25 | $40.0M | $68.9M | ||
| Q1 25 | $-21.0M | $13.7M | ||
| Q4 24 | $327.0M | $13.5M | ||
| Q3 24 | $-6.0M | $2.5M | ||
| Q2 24 | $203.0M | $9.7M | ||
| Q1 24 | $115.0M | $-236.8M |
毛利率FGNGL
| 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% | ||
| Q1 24 | — | 21.8% |
营业利润率FGNGL
| Q4 25 | — | 12.1% | ||
| Q3 25 | — | 14.0% | ||
| Q2 25 | — | 15.7% | ||
| Q1 25 | — | 8.4% | ||
| Q4 24 | — | 8.6% | ||
| Q3 24 | — | 10.8% | ||
| Q2 24 | — | 10.8% | ||
| Q1 24 | — | -9.4% |
净利率FGNGL
| Q4 25 | 7.3% | 5.2% | ||
| Q3 25 | 7.0% | 4.3% | ||
| Q2 25 | 2.9% | 11.1% | ||
| Q1 25 | -2.3% | 1.4% | ||
| Q4 24 | 21.0% | 1.4% | ||
| Q3 24 | -0.4% | 0.3% | ||
| Q2 24 | 17.3% | 1.3% | ||
| Q1 24 | 7.3% | -22.8% |
每股收益（稀释后）FGNGL
| Q4 25 | $0.97 | — | ||
| Q3 25 | $0.85 | — | ||
| Q2 25 | $0.26 | — | ||
| Q1 25 | $-0.20 | — | ||
| Q4 24 | $2.53 | — | ||
| Q3 24 | $-0.08 | — | ||
| Q2 24 | $1.55 | — | ||
| Q1 24 | $0.88 | — |
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 | $1.5B | $6.5M |
| 总债务越低越好 | $2.2B | $2.9B |
| 股东权益账面价值 | $4.8B | — |
| 总资产 | $98.4B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.47× | — |
8季度趋势，按日历期对齐
现金及短期投资FGNGL
| Q4 25 | $1.5B | $6.5M | ||
| Q3 25 | $2.2B | $8.7M | ||
| Q2 25 | $1.9B | $5.4M | ||
| Q1 25 | $3.3B | $13.5M | ||
| Q4 24 | $2.3B | $5.7M | ||
| Q3 24 | $3.5B | $4.5M | ||
| Q2 24 | $3.5B | $5.3M | ||
| Q1 24 | $2.4B | $38.9M |
总债务FGNGL
| Q4 25 | $2.2B | $2.9B | ||
| Q3 25 | $2.2B | $2.9B | ||
| Q2 25 | $2.2B | $2.9B | ||
| Q1 25 | $2.2B | $3.0B | ||
| Q4 24 | $2.2B | $3.1B | ||
| Q3 24 | $2.0B | $3.1B | ||
| Q2 24 | $2.0B | $3.0B | ||
| Q1 24 | $1.7B | $2.9B |
股东权益FGNGL
| Q4 25 | $4.8B | — | ||
| Q3 25 | $4.8B | — | ||
| Q2 25 | $4.4B | — | ||
| Q1 25 | $4.4B | — | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $4.3B | — | ||
| Q2 24 | $3.7B | — | ||
| Q1 24 | $3.5B | — |
总资产FGNGL
| Q4 25 | $98.4B | $4.4B | ||
| Q3 25 | $96.1B | $4.3B | ||
| Q2 25 | $91.8B | $4.2B | ||
| Q1 25 | $88.0B | $4.6B | ||
| Q4 24 | $85.0B | $4.8B | ||
| Q3 24 | $84.1B | $4.9B | ||
| Q2 24 | $78.5B | $4.8B | ||
| Q1 24 | $74.4B | $5.0B |
负债/权益比FGNGL
| Q4 25 | 0.47× | — | ||
| Q3 25 | 0.46× | — | ||
| Q2 25 | 0.50× | — | ||
| Q1 25 | 0.51× | — | ||
| Q4 24 | 0.55× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.56× | — | ||
| Q1 24 | 0.49× | — |
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 | $1.2B | $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 | 9.13× | 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FGNGL
| Q4 25 | $1.2B | $182.3M | ||
| Q3 25 | $937.0M | $40.5M | ||
| Q2 25 | $1.6B | $33.2M | ||
| Q1 25 | $956.0M | $155.0M | ||
| Q4 24 | $1.3B | $153.8M | ||
| Q3 24 | $2.1B | $6.7M | ||
| Q2 24 | $1.1B | $-18.1M | ||
| Q1 24 | $1.5B | $152.2M |
自由现金流FGNGL
| 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 | ||
| Q1 24 | — | $119.8M |
自由现金流率FGNGL
| 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% | ||
| Q1 24 | — | 11.5% |
资本支出强度FGNGL
| 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% | ||
| Q1 24 | — | 3.1% |
现金转化率FGNGL
| Q4 25 | 9.13× | 3.86× | ||
| Q3 25 | 7.94× | 1.38× | ||
| Q2 25 | 40.50× | 0.48× | ||
| Q1 25 | — | 11.29× | ||
| Q4 24 | 4.04× | 11.39× | ||
| Q3 24 | — | 2.74× | ||
| Q2 24 | 5.20× | -1.87× | ||
| Q1 24 | 13.34× | — |
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
FG
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% |
