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Shift4 Payments, Inc.（FOUR）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
GLOBAL PARTNERS LP的季度营收约是Shift4 Payments, Inc.的1.9倍（$2.2B vs $1.2B），Shift4 Payments, Inc.净利率更高（3.4% vs 1.1%，领先2.2%），Shift4 Payments, Inc.同比增速更快（34.0% vs 7.0%），Shift4 Payments, Inc.自由现金流更多（$222.5M vs $62.2M），过去两年Shift4 Payments, Inc.的营收复合增速更高（29.6% vs 0.2%）
Shift4 Payments是美国支付处理服务商，总部位于宾夕法尼亚州阿伦敦，1999年由贾里德·艾萨克曼创立。公司为零售、酒店、休闲、餐饮等行业超20万家商户提供支付处理服务，主营移动支付软硬件等商业技术，2020年于纽约证券交易所挂牌上市。
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。
FOUR vs GLP — 直观对比
营收规模更大
GLP
是对方的1.9倍
$1.2B
营收增速更快
FOUR
高出27.0%
7.0%
净利率更高
FOUR
高出2.2%
1.1%
自由现金流更多
FOUR
多$160.3M
$62.2M
两年增速更快
FOUR
近两年复合增速
0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $2.2B |
| 净利润 | $40.2M | $25.1M |
| 毛利率 | — | 11.9% |
| 营业利润率 | 10.8% | 2.6% |
| 净利率 | 3.4% | 1.1% |
| 营收同比 | 34.0% | 7.0% |
| 净利润同比 | -65.3% | 5.0% |
| 每股收益（稀释后） | — | — |
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FOURGLP
| Q4 25 | $1.2B | $2.2B | ||
| Q3 25 | $1.2B | $2.2B | ||
| Q2 25 | $966.2M | $2.1B | ||
| Q1 25 | $848.3M | $2.2B | ||
| Q4 24 | $887.0M | $2.1B | ||
| Q3 24 | $909.2M | $2.1B | ||
| Q2 24 | $827.0M | $2.3B | ||
| Q1 24 | $707.4M | $2.2B |
净利润FOURGLP
| Q4 25 | $40.2M | $25.1M | ||
| Q3 25 | $28.1M | $29.0M | ||
| Q2 25 | $34.0M | $25.2M | ||
| Q1 25 | $16.7M | $18.7M | ||
| Q4 24 | $116.0M | $23.9M | ||
| Q3 24 | $53.8M | $45.9M | ||
| Q2 24 | $39.2M | $46.1M | ||
| Q1 24 | $20.6M | $-5.6M |
毛利率FOURGLP
| 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FOURGLP
| Q4 25 | 10.8% | 2.6% | ||
| Q3 25 | 9.7% | 2.7% | ||
| Q2 25 | 8.6% | 2.9% | ||
| Q1 25 | 3.0% | 2.6% | ||
| Q4 24 | 9.7% | 2.8% | ||
| Q3 24 | 8.8% | 3.9% | ||
| Q2 24 | 7.2% | 3.7% | ||
| Q1 24 | 3.0% | 1.2% |
净利率FOURGLP
| Q4 25 | 3.4% | 1.1% | ||
| Q3 25 | 2.4% | 1.3% | ||
| Q2 25 | 3.5% | 1.2% | ||
| Q1 25 | 2.0% | 0.9% | ||
| Q4 24 | 13.1% | 1.2% | ||
| Q3 24 | 5.9% | 2.1% | ||
| Q2 24 | 4.7% | 2.0% | ||
| Q1 24 | 2.9% | -0.3% |
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 | $964.0M | — |
| 总债务越低越好 | $4.5B | — |
| 股东权益账面价值 | $1.4B | — |
| 总资产 | $8.7B | $3.9B |
| 负债/权益比越低杠杆越低 | 3.15× | — |
8季度趋势，按日历期对齐
现金及短期投资FOURGLP
| Q4 25 | $964.0M | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $205.0M | — | ||
| Q1 24 | $522.9M | — |
总债务FOURGLP
| Q4 25 | $4.5B | — | ||
| Q3 25 | $4.7B | — | ||
| Q2 25 | $3.7B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益FOURGLP
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $805.2M | — | ||
| Q4 24 | $806.6M | — | ||
| Q3 24 | $811.8M | — | ||
| Q2 24 | $700.8M | — | ||
| Q1 24 | $674.5M | — |
总资产FOURGLP
| Q4 25 | $8.7B | $3.9B | ||
| Q3 25 | $9.0B | $3.7B | ||
| Q2 25 | $7.0B | $3.8B | ||
| Q1 25 | $5.0B | $3.8B | ||
| Q4 24 | $5.0B | $3.8B | ||
| Q3 24 | $5.0B | $3.7B | ||
| Q2 24 | $3.5B | $3.8B | ||
| Q1 24 | $3.4B | $3.5B |
负债/权益比FOURGLP
| Q4 25 | 3.15× | — | ||
| Q3 25 | 2.83× | — | ||
| Q2 25 | 2.34× | — | ||
| Q1 25 | 3.53× | — | ||
| Q4 24 | 3.52× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $223.7M | $101.0M |
| 自由现金流经营现金流 - 资本支出 | $222.5M | $62.2M |
| 自由现金流率自由现金流/营收 | 18.7% | 2.8% |
| 资本支出强度资本支出/营收 | 0.1% | 1.8% |
| 现金转化率经营现金流/净利润 | 5.56× | 4.03× |
| 过去12个月自由现金流最近4个季度 | $624.0M | $193.3M |
8季度趋势，按日历期对齐
经营现金流FOURGLP
| Q4 25 | $223.7M | $101.0M | ||
| Q3 25 | $171.8M | $19.0M | ||
| Q2 25 | $141.9M | $216.3M | ||
| Q1 25 | $96.6M | $-51.6M | ||
| Q4 24 | $145.4M | $67.2M | ||
| Q3 24 | $182.1M | $122.7M | ||
| Q2 24 | $116.1M | $24.3M | ||
| Q1 24 | $56.7M | $-182.7M |
自由现金流FOURGLP
| Q4 25 | $222.5M | $62.2M | ||
| Q3 25 | $165.4M | $-678.0K | ||
| Q2 25 | $141.0M | $201.3M | ||
| Q1 25 | $95.1M | $-69.5M | ||
| Q4 24 | $143.8M | $20.4M | ||
| Q3 24 | $180.1M | $98.4M | ||
| Q2 24 | $113.9M | $8.7M | ||
| Q1 24 | $55.4M | $-199.3M |
自由现金流率FOURGLP
| Q4 25 | 18.7% | 2.8% | ||
| Q3 25 | 14.1% | -0.0% | ||
| Q2 25 | 14.6% | 9.7% | ||
| Q1 25 | 11.2% | -3.2% | ||
| Q4 24 | 16.2% | 1.0% | ||
| Q3 24 | 19.8% | 4.6% | ||
| Q2 24 | 13.8% | 0.4% | ||
| Q1 24 | 7.8% | -9.0% |
资本支出强度FOURGLP
| Q4 25 | 0.1% | 1.8% | ||
| Q3 25 | 0.5% | 0.9% | ||
| Q2 25 | 0.1% | 0.7% | ||
| Q1 25 | 0.2% | 0.8% | ||
| Q4 24 | 0.2% | 2.3% | ||
| Q3 24 | 0.2% | 1.1% | ||
| Q2 24 | 0.3% | 0.7% | ||
| Q1 24 | 0.2% | 0.8% |
现金转化率FOURGLP
| Q4 25 | 5.56× | 4.03× | ||
| Q3 25 | 6.11× | 0.66× | ||
| Q2 25 | 4.17× | 8.58× | ||
| Q1 25 | 5.78× | -2.76× | ||
| Q4 24 | 1.25× | 2.82× | ||
| Q3 24 | 3.38× | 2.67× | ||
| Q2 24 | 2.96× | 0.53× | ||
| Q1 24 | 2.75× | — |
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
FOUR
| Payments Based Revenue | $788.8M | 66% |
| Other | $255.0M | 21% |
| Subscription And Other Revenues | $144.8M | 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% |
