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FOSTER L B CO（FSTR）与MARTIN MIDSTREAM PARTNERS L.P.（MMLP）财务数据对比。点击上方公司名可切换其他公司
MARTIN MIDSTREAM PARTNERS L.P.的季度营收约是FOSTER L B CO的1.2倍（$187.7M vs $160.4M），MARTIN MIDSTREAM PARTNERS L.P.净利率更高（1.7% vs 1.5%，领先0.2%），FOSTER L B CO同比增速更快（25.1% vs -2.5%），FOSTER L B CO自由现金流更多（$19.8M vs $-6.0M），过去两年FOSTER L B CO的营收复合增速更高（13.6% vs 0.8%）
Foster L B Co.是一家总部位于美国的专业工业制造企业，主要生产销售工程通道产品、建筑组件及铁路基础设施用品，服务覆盖北美及部分全球地区的商业建筑、交通和工业领域客户。
Martin Midstream Partners L.P.是美国中游能源服务提供商，主营原油、天然气液、精炼石油产品及特种化学品的存储、运输、分销与加工服务，主要服务北美能源及工业领域客户。
FSTR vs MMLP — 直观对比
营收规模更大
MMLP
是对方的1.2倍
$160.4M
营收增速更快
FSTR
高出27.6%
-2.5%
净利率更高
MMLP
高出0.2%
1.5%
自由现金流更多
FSTR
多$25.8M
$-6.0M
两年增速更快
FSTR
近两年复合增速
0.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $160.4M | $187.7M |
| 净利润 | $2.4M | $3.2M |
| 毛利率 | 19.7% | — |
| 营业利润率 | 4.9% | 4.1% |
| 净利率 | 1.5% | 1.7% |
| 营收同比 | 25.1% | -2.5% |
| 净利润同比 | 1098.3% | -37.1% |
| 每股收益（稀释后） | $0.22 | — |
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FSTRMMLP
| Q1 26 | — | $187.7M | ||
| Q4 25 | $160.4M | $174.2M | ||
| Q3 25 | $138.3M | $168.7M | ||
| Q2 25 | $143.6M | $180.7M | ||
| Q1 25 | $97.8M | $192.5M | ||
| Q4 24 | $128.2M | $171.3M | ||
| Q3 24 | $137.5M | $170.9M | ||
| Q2 24 | $140.8M | $184.5M |
净利润FSTRMMLP
| Q1 26 | — | $3.2M | ||
| Q4 25 | $2.4M | $-2.9M | ||
| Q3 25 | $4.4M | $-8.4M | ||
| Q2 25 | $2.9M | $-2.4M | ||
| Q1 25 | $-2.1M | $-1.0M | ||
| Q4 24 | $-242.0K | $-8.9M | ||
| Q3 24 | $35.9M | $-3.3M | ||
| Q2 24 | $2.8M | $3.8M |
毛利率FSTRMMLP
| Q1 26 | — | — | ||
| Q4 25 | 19.7% | 57.1% | ||
| Q3 25 | 22.5% | 55.1% | ||
| Q2 25 | 21.5% | 56.5% | ||
| Q1 25 | 20.6% | 53.5% | ||
| Q4 24 | 22.3% | 58.2% | ||
| Q3 24 | 23.8% | 58.5% | ||
| Q2 24 | 21.7% | 58.4% |
营业利润率FSTRMMLP
| Q1 26 | — | 4.1% | ||
| Q4 25 | 4.9% | 7.3% | ||
| Q3 25 | 6.0% | 4.1% | ||
| Q2 25 | 5.3% | 8.2% | ||
| Q1 25 | -2.0% | 7.5% | ||
| Q4 24 | 2.4% | 4.0% | ||
| Q3 24 | 5.3% | 7.4% | ||
| Q2 24 | 3.2% | 10.8% |
净利率FSTRMMLP
| Q1 26 | — | 1.7% | ||
| Q4 25 | 1.5% | -1.7% | ||
| Q3 25 | 3.1% | -5.0% | ||
| Q2 25 | 2.0% | -1.3% | ||
| Q1 25 | -2.2% | -0.5% | ||
| Q4 24 | -0.2% | -5.2% | ||
| Q3 24 | 26.1% | -1.9% | ||
| Q2 24 | 2.0% | 2.0% |
每股收益（稀释后）FSTRMMLP
| Q1 26 | — | — | ||
| Q4 25 | $0.22 | — | ||
| Q3 25 | $0.40 | — | ||
| Q2 25 | $0.27 | — | ||
| Q1 25 | $-0.20 | — | ||
| Q4 24 | $-0.04 | — | ||
| Q3 24 | $3.27 | — | ||
| Q2 24 | $0.26 | — |
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 | $4.3M | — |
| 总债务越低越好 | $42.6M | — |
| 股东权益账面价值 | $175.3M | — |
| 总资产 | $330.4M | $537.1M |
| 负债/权益比越低杠杆越低 | 0.24× | — |
8季度趋势，按日历期对齐
现金及短期投资FSTRMMLP
| Q1 26 | — | — | ||
| Q4 25 | $4.3M | — | ||
| Q3 25 | $3.4M | — | ||
| Q2 25 | $4.2M | — | ||
| Q1 25 | $2.6M | — | ||
| Q4 24 | $2.5M | — | ||
| Q3 24 | $3.1M | — | ||
| Q2 24 | $4.0M | — |
总债务FSTRMMLP
| Q1 26 | — | — | ||
| Q4 25 | $42.6M | $428.0M | ||
| Q3 25 | $58.6M | $441.3M | ||
| Q2 25 | $81.4M | $427.8M | ||
| Q1 25 | $82.3M | $451.4M | ||
| Q4 24 | $46.8M | $437.6M | ||
| Q3 24 | $68.4M | $469.3M | ||
| Q2 24 | $87.0M | $439.4M |
股东权益FSTRMMLP
| Q1 26 | — | — | ||
| Q4 25 | $175.3M | — | ||
| Q3 25 | $174.8M | — | ||
| Q2 25 | $174.4M | — | ||
| Q1 25 | $170.8M | — | ||
| Q4 24 | $178.3M | — | ||
| Q3 24 | $181.9M | — | ||
| Q2 24 | $147.1M | — |
总资产FSTRMMLP
| Q1 26 | — | $537.1M | ||
| Q4 25 | $330.4M | $522.4M | ||
| Q3 25 | $333.9M | $510.1M | ||
| Q2 25 | $349.9M | $515.6M | ||
| Q1 25 | $342.8M | $533.4M | ||
| Q4 24 | $334.6M | $538.5M | ||
| Q3 24 | $344.5M | $554.8M | ||
| Q2 24 | $333.3M | $535.1M |
负债/权益比FSTRMMLP
| Q1 26 | — | — | ||
| Q4 25 | 0.24× | — | ||
| Q3 25 | 0.33× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.26× | — | ||
| Q3 24 | 0.38× | — | ||
| Q2 24 | 0.59× | — |
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 | $22.2M | — |
| 自由现金流经营现金流 - 资本支出 | $19.8M | $-6.0M |
| 自由现金流率自由现金流/营收 | 12.3% | -3.2% |
| 资本支出强度资本支出/营收 | 1.5% | 1.6% |
| 现金转化率经营现金流/净利润 | 9.18× | — |
| 过去12个月自由现金流最近4个季度 | $25.2M | $27.2M |
8季度趋势，按日历期对齐
经营现金流FSTRMMLP
| Q1 26 | — | — | ||
| Q4 25 | $22.2M | $22.4M | ||
| Q3 25 | $29.2M | $-1.2M | ||
| Q2 25 | $10.4M | $30.9M | ||
| Q1 25 | $-26.1M | $-6.0M | ||
| Q4 24 | $24.3M | $42.2M | ||
| Q3 24 | $24.7M | $-15.8M | ||
| Q2 24 | $-5.0M | $11.8M |
自由现金流FSTRMMLP
| Q1 26 | — | $-6.0M | ||
| Q4 25 | $19.8M | $15.6M | ||
| Q3 25 | $26.4M | $-7.9M | ||
| Q2 25 | $7.7M | $25.6M | ||
| Q1 25 | $-28.7M | $-11.9M | ||
| Q4 24 | $22.3M | $34.2M | ||
| Q3 24 | $21.7M | $-25.6M | ||
| Q2 24 | $-7.0M | $-696.0K |
自由现金流率FSTRMMLP
| Q1 26 | — | -3.2% | ||
| Q4 25 | 12.3% | 8.9% | ||
| Q3 25 | 19.1% | -4.7% | ||
| Q2 25 | 5.4% | 14.2% | ||
| Q1 25 | -29.4% | -6.2% | ||
| Q4 24 | 17.4% | 20.0% | ||
| Q3 24 | 15.8% | -15.0% | ||
| Q2 24 | -5.0% | -0.4% |
资本支出强度FSTRMMLP
| Q1 26 | — | 1.6% | ||
| Q4 25 | 1.5% | 3.9% | ||
| Q3 25 | 2.0% | 4.0% | ||
| Q2 25 | 1.9% | 3.0% | ||
| Q1 25 | 2.6% | 3.1% | ||
| Q4 24 | 1.5% | 4.6% | ||
| Q3 24 | 2.2% | 5.8% | ||
| Q2 24 | 1.5% | 6.8% |
现金转化率FSTRMMLP
| Q1 26 | — | — | ||
| Q4 25 | 9.18× | — | ||
| Q3 25 | 6.70× | — | ||
| Q2 25 | 3.61× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.69× | — | ||
| Q2 24 | -1.74× | 3.13× |
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
FSTR
| Rail Technologies And Services Segment | $98.0M | 61% |
| Over Time Output Method | $26.3M | 16% |
| Services | $19.4M | 12% |
| Rail Technologies Products | $10.0M | 6% |
| Over Time Input Method | $8.3M | 5% |
MMLP
| Specialty products | $61.6M | 33% |
| Transportation * | $52.8M | 28% |
| Other | $46.5M | 25% |
| Terminalling and storage * | $22.4M | 12% |
| Sulfur services | $4.4M | 2% |
