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FTAI Infrastructure Inc.（FIP）与SUBURBAN PROPANE PARTNERS LP（SPH）财务数据对比。点击上方公司名可切换其他公司
SUBURBAN PROPANE PARTNERS LP的季度营收约是FTAI Infrastructure Inc.的2.0倍（$370.4M vs $188.4M），SUBURBAN PROPANE PARTNERS LP净利率更高（12.4% vs -79.7%，领先92.1%），FTAI Infrastructure Inc.同比增速更快（95.9% vs -0.8%），过去两年FTAI Infrastructure Inc.的营收复合增速更高（49.0% vs -13.8%）
FTAI基础设施有限公司持有、运营并投资交通物流、中游能源、发电等核心领域的优质关键基础设施资产，主要面向北美市场，聚焦拥有稳定长期现金流、合同约定收入流的项目，为利益相关方创造可持续回报。
Suburban Propane Partners LP是美国领先的丙烷、天然气、取暖油及相关能源产品分销商，服务覆盖住宅、商业、工业、农业等各类客户，同时提供暖通空调系统的安装、维护与维修服务，业务范围遍布全美。
FIP vs SPH — 直观对比
营收规模更大
SPH
是对方的2.0倍
$188.4M
营收增速更快
FIP
高出96.7%
-0.8%
净利率更高
SPH
高出92.1%
-79.7%
两年增速更快
FIP
近两年复合增速
-13.8%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $188.4M | $370.4M |
| 净利润 | $-150.2M | $45.8M |
| 毛利率 | — | 64.7% |
| 营业利润率 | — | 18.3% |
| 净利率 | -79.7% | 12.4% |
| 营收同比 | 95.9% | -0.8% |
| 净利润同比 | -387.6% | 135.7% |
| 每股收益（稀释后） | $-1.32 | $0.69 |
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FIPSPH
| Q1 26 | $188.4M | — | ||
| Q4 25 | $143.5M | $370.4M | ||
| Q3 25 | $140.6M | $211.4M | ||
| Q2 25 | $122.3M | $260.1M | ||
| Q1 25 | $96.2M | $587.7M | ||
| Q4 24 | $80.8M | $373.3M | ||
| Q3 24 | $83.3M | $208.6M | ||
| Q2 24 | $84.9M | $254.6M |
净利润FIPSPH
| Q1 26 | $-150.2M | — | ||
| Q4 25 | $-97.7M | $45.8M | ||
| Q3 25 | $-104.5M | $-35.1M | ||
| Q2 25 | $-70.0M | $-14.8M | ||
| Q1 25 | $120.2M | $137.1M | ||
| Q4 24 | $-124.7M | $19.4M | ||
| Q3 24 | $-43.0M | $-44.6M | ||
| Q2 24 | $-48.1M | $-17.2M |
毛利率FIPSPH
| Q1 26 | — | — | ||
| Q4 25 | — | 64.7% | ||
| Q3 25 | — | 64.7% | ||
| Q2 25 | — | 61.7% | ||
| Q1 25 | — | 58.8% | ||
| Q4 24 | — | 60.6% | ||
| Q3 24 | — | 59.4% | ||
| Q2 24 | — | 62.9% |
营业利润率FIPSPH
| Q1 26 | — | — | ||
| Q4 25 | -45.7% | 18.3% | ||
| Q3 25 | -70.8% | -7.9% | ||
| Q2 25 | -56.4% | 2.1% | ||
| Q1 25 | 81.8% | 27.0% | ||
| Q4 24 | -152.7% | 15.8% | ||
| Q3 24 | -51.7% | -10.8% | ||
| Q2 24 | -56.4% | 3.2% |
净利率FIPSPH
| Q1 26 | -79.7% | — | ||
| Q4 25 | -68.1% | 12.4% | ||
| Q3 25 | -74.4% | -16.6% | ||
| Q2 25 | -57.2% | -5.7% | ||
| Q1 25 | 125.0% | 23.3% | ||
| Q4 24 | -154.4% | 5.2% | ||
| Q3 24 | -51.6% | -21.4% | ||
| Q2 24 | -56.7% | -6.8% |
每股收益（稀释后）FIPSPH
| Q1 26 | $-1.32 | — | ||
| Q4 25 | $-1.04 | $0.69 | ||
| Q3 25 | $-1.38 | $-0.55 | ||
| Q2 25 | $-0.73 | $-0.23 | ||
| Q1 25 | $0.89 | $2.10 | ||
| Q4 24 | $-1.21 | $0.30 | ||
| Q3 24 | $-0.45 | $-0.69 | ||
| Q2 24 | $-0.52 | $-0.27 |
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 | $37.9M | $1.3M |
| 总债务越低越好 | — | $1.3B |
| 股东权益账面价值 | $-122.5K | — |
| 总资产 | $5.7B | $2.4B |
| 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FIPSPH
| Q1 26 | $37.9M | — | ||
| Q4 25 | $57.4M | $1.3M | ||
| Q3 25 | $34.7M | $405.0K | ||
| Q2 25 | $33.6M | $1.3M | ||
| Q1 25 | $26.3M | $3.9M | ||
| Q4 24 | $27.8M | $4.4M | ||
| Q3 24 | $20.3M | $3.2M | ||
| Q2 24 | $33.1M | $4.9M |
总债务FIPSPH
| Q1 26 | — | — | ||
| Q4 25 | $3.8B | $1.3B | ||
| Q3 25 | $3.7B | $1.2B | ||
| Q2 25 | $3.1B | $1.2B | ||
| Q1 25 | $2.8B | $1.3B | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.6B | $1.2B |
股东权益FIPSPH
| Q1 26 | $-122.5K | — | ||
| Q4 25 | $21.3M | — | ||
| Q3 25 | $181.1M | — | ||
| Q2 25 | $375.5M | — | ||
| Q1 25 | $476.2M | — | ||
| Q4 24 | $202.7M | — | ||
| Q3 24 | $370.8M | — | ||
| Q2 24 | $394.8M | — |
总资产FIPSPH
| Q1 26 | $5.7B | — | ||
| Q4 25 | $5.7B | $2.4B | ||
| Q3 25 | $5.5B | $2.3B | ||
| Q2 25 | $4.4B | $2.3B | ||
| Q1 25 | $4.1B | $2.4B | ||
| Q4 24 | $2.4B | $2.4B | ||
| Q3 24 | $2.4B | $2.3B | ||
| Q2 24 | $2.5B | $2.3B |
负债/权益比FIPSPH
| Q1 26 | — | — | ||
| Q4 25 | 176.99× | — | ||
| Q3 25 | 20.59× | — | ||
| Q2 25 | 8.21× | — | ||
| Q1 25 | 5.79× | — | ||
| Q4 24 | 7.84× | — | ||
| Q3 24 | 4.14× | — | ||
| Q2 24 | 3.94× | — |
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 | $-69.4M | $-47.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-67.5M |
| 自由现金流率自由现金流/营收 | — | -18.2% |
| 资本支出强度资本支出/营收 | — | 5.3% |
| 现金转化率经营现金流/净利润 | — | -1.04× |
| 过去12个月自由现金流最近4个季度 | — | $61.9M |
8季度趋势，按日历期对齐
经营现金流FIPSPH
| Q1 26 | $-69.4M | — | ||
| Q4 25 | $-2.8M | $-47.7M | ||
| Q3 25 | $-24.4M | $41.8M | ||
| Q2 25 | $-5.2M | $95.5M | ||
| Q1 25 | $-85.7M | $40.1M | ||
| Q4 24 | $-8.1M | $8.8M | ||
| Q3 24 | $14.2M | $36.8M | ||
| Q2 24 | $-17.6M | $61.4M |
自由现金流FIPSPH
| Q1 26 | — | — | ||
| Q4 25 | $-68.6M | $-67.5M | ||
| Q3 25 | $-90.7M | $27.7M | ||
| Q2 25 | $-87.5M | $80.9M | ||
| Q1 25 | $-151.7M | $20.8M | ||
| Q4 24 | $-34.3M | $-15.1M | ||
| Q3 24 | $-11.7M | $17.7M | ||
| Q2 24 | $-32.1M | $46.8M |
自由现金流率FIPSPH
| Q1 26 | — | — | ||
| Q4 25 | -47.8% | -18.2% | ||
| Q3 25 | -64.5% | 13.1% | ||
| Q2 25 | -71.6% | 31.1% | ||
| Q1 25 | -157.7% | 3.5% | ||
| Q4 24 | -42.4% | -4.0% | ||
| Q3 24 | -14.0% | 8.5% | ||
| Q2 24 | -37.9% | 18.4% |
资本支出强度FIPSPH
| Q1 26 | — | — | ||
| Q4 25 | 45.9% | 5.3% | ||
| Q3 25 | 47.2% | 6.7% | ||
| Q2 25 | 67.3% | 5.6% | ||
| Q1 25 | 68.6% | 3.3% | ||
| Q4 24 | 32.5% | 6.4% | ||
| Q3 24 | 31.1% | 9.1% | ||
| Q2 24 | 17.2% | 5.8% |
现金转化率FIPSPH
| Q1 26 | — | — | ||
| Q4 25 | — | -1.04× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.71× | 0.29× | ||
| Q4 24 | — | 0.45× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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
FIP
暂无分部数据
SPH
| Propane | $326.4M | 88% |
| Other Sales Revenue Net | $19.9M | 5% |
| Fuel Oil And Refined Fuels | $18.2M | 5% |
| Natural Gas And Electricity | $5.9M | 2% |
| Wholesale | $4.1M | 1% |
