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GENESIS ENERGY LP（GEL）与3M（MMM）财务数据对比。点击上方公司名可切换其他公司
3M的季度营收约是GENESIS ENERGY LP的13.7倍（$6.0B vs $440.8M）。3M净利率更高（10.8% vs 4.5%，领先6.3%）。GENESIS ENERGY LP同比增速更快（10.5% vs 1.3%）。3M自由现金流更多（$2.0B vs $87.0M）。过去两年GENESIS ENERGY LP的营收复合增速更高（0.7% vs -1.8%）
Genesis Energy LP是一家总部位于美国的中游能源合伙企业，主营原油、天然气、成品油及特种工业原料的基础设施运营与物流服务，旗下资产涵盖管道、仓储码头、海运设施及铁路物流枢纽，为北美地区的炼油厂、工业客户及能源分销商提供服务。
3M是美国知名跨国综合企业，业务覆盖工业、劳动者安全防护、消费品等多个领域，总部位于圣保罗郊区的枫木市。公司现有超6万款产品，涵盖胶粘剂、研磨材料、防火防护产品、个人防护装备、窗膜、车漆保护膜、电子连接绝缘材料、汽车养护产品、光学膜等品类。
GEL vs MMM — 直观对比
营收规模更大
MMM
是对方的13.7倍
$440.8M
营收增速更快
GEL
高出9.2%
1.3%
净利率更高
MMM
高出6.3%
4.5%
自由现金流更多
MMM
多$1.9B
$87.0M
两年增速更快
GEL
近两年复合增速
-1.8%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $440.8M | $6.0B |
| 净利润 | $19.9M | $653.0M |
| 毛利率 | — | 40.7% |
| 营业利润率 | 20.4% | 23.2% |
| 净利率 | 4.5% | 10.8% |
| 营收同比 | 10.5% | 1.3% |
| 净利润同比 | 140.2% | -41.5% |
| 每股收益（稀释后） | $0.04 | $1.23 |
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GELMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | $440.8M | $6.1B | ||
| Q3 25 | $414.0M | $6.5B | ||
| Q2 25 | $377.3M | $6.3B | ||
| Q1 25 | $398.3M | $6.0B | ||
| Q4 24 | $398.9M | $6.0B | ||
| Q3 24 | $397.3M | $6.3B | ||
| Q2 24 | $430.2M | $6.3B |
净利润GELMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | $19.9M | $577.0M | ||
| Q3 25 | $9.2M | $834.0M | ||
| Q2 25 | $-406.0K | $723.0M | ||
| Q1 25 | $-469.1M | $1.1B | ||
| Q4 24 | $-49.4M | $728.0M | ||
| Q3 24 | $-17.2M | $1.4B | ||
| Q2 24 | $-8.7M | $1.1B |
毛利率GELMMM
| Q1 26 | — | 40.7% | ||
| Q4 25 | — | 33.6% | ||
| Q3 25 | — | 41.8% | ||
| Q2 25 | — | 42.5% | ||
| Q1 25 | — | 41.6% | ||
| Q4 24 | — | 51.7% | ||
| Q3 24 | — | 42.1% | ||
| Q2 24 | — | 42.9% |
营业利润率GELMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 20.4% | 13.0% | ||
| Q3 25 | 19.0% | 22.2% | ||
| Q2 25 | 17.9% | 18.0% | ||
| Q1 25 | 5.5% | 20.9% | ||
| Q4 24 | 3.4% | 12.2% | ||
| Q3 24 | 12.2% | 20.9% | ||
| Q2 24 | 11.6% | 20.3% |
净利率GELMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | 4.5% | 9.4% | ||
| Q3 25 | 2.2% | 12.8% | ||
| Q2 25 | -0.1% | 11.4% | ||
| Q1 25 | -117.8% | 18.7% | ||
| Q4 24 | -12.4% | 12.1% | ||
| Q3 24 | -4.3% | 21.8% | ||
| Q2 24 | -2.0% | 18.3% |
每股收益（稀释后）GELMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | $0.04 | $1.07 | ||
| Q3 25 | $-0.05 | $1.55 | ||
| Q2 25 | $-0.12 | $1.34 | ||
| Q1 25 | $-4.06 | $2.04 | ||
| Q4 24 | $-0.58 | $1.33 | ||
| Q3 24 | $-0.32 | $2.48 | ||
| Q2 24 | $-0.25 | $2.07 |
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 | $6.4M | $3.7B |
| 总债务越低越好 | $3.0B | $10.9B |
| 股东权益账面价值 | — | $3.3B |
| 总资产 | $4.9B | $35.4B |
| 负债/权益比越低杠杆越低 | — | 3.29× |
8季度趋势，按日历期对齐
现金及短期投资GELMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | $6.4M | — | ||
| Q3 25 | $4.9M | — | ||
| Q2 25 | $4.5M | — | ||
| Q1 25 | $377.4M | — | ||
| Q4 24 | $7.4M | — | ||
| Q3 24 | $13.0M | — | ||
| Q2 24 | $13.7M | — |
总债务GELMMM
| Q1 26 | — | $10.9B | ||
| Q4 25 | $3.0B | $12.6B | ||
| Q3 25 | $3.1B | $12.6B | ||
| Q2 25 | $3.1B | $13.1B | ||
| Q1 25 | $3.4B | $13.5B | ||
| Q4 24 | $3.7B | $13.0B | ||
| Q3 24 | $4.0B | $13.2B | ||
| Q2 24 | $3.9B | $13.1B |
股东权益GELMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | — | $4.7B | ||
| Q3 25 | — | $4.6B | ||
| Q2 25 | — | $4.3B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | — | $3.8B | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | — | $3.9B |
总资产GELMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | $4.9B | $37.7B | ||
| Q3 25 | $4.9B | $37.6B | ||
| Q2 25 | $4.8B | $38.0B | ||
| Q1 25 | $5.2B | $40.0B | ||
| Q4 24 | $7.0B | $39.9B | ||
| Q3 24 | $7.1B | $40.9B | ||
| Q2 24 | $7.0B | $43.4B |
负债/权益比GELMMM
| Q1 26 | — | 3.29× | ||
| Q4 25 | — | 2.68× | ||
| Q3 25 | — | 2.72× | ||
| Q2 25 | — | 3.06× | ||
| Q1 25 | — | 3.02× | ||
| Q4 24 | — | 3.40× | ||
| Q3 24 | — | 2.84× | ||
| Q2 24 | — | 3.34× |
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 | $110.8M | — |
| 自由现金流经营现金流 - 资本支出 | $87.0M | $2.0B |
| 自由现金流率自由现金流/营收 | 19.7% | 33.6% |
| 资本支出强度资本支出/营收 | 5.4% | — |
| 现金转化率经营现金流/净利润 | 5.58× | — |
| 过去12个月自由现金流最近4个季度 | $65.9M | $3.7B |
8季度趋势，按日历期对齐
经营现金流GELMMM
| Q1 26 | — | — | ||
| Q4 25 | $110.8M | $1.6B | ||
| Q3 25 | $70.3M | $1.8B | ||
| Q2 25 | $47.0M | $-954.0M | ||
| Q1 25 | $24.8M | $-79.0M | ||
| Q4 24 | $74.0M | $1.8B | ||
| Q3 24 | $87.3M | $-1.8B | ||
| Q2 24 | $104.7M | $1.0B |
自由现金流GELMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | $87.0M | $1.3B | ||
| Q3 25 | $43.3M | $1.5B | ||
| Q2 25 | $-7.6M | $-1.2B | ||
| Q1 25 | $-56.8M | $-315.0M | ||
| Q4 24 | $-47.1M | $1.5B | ||
| Q3 24 | $-32.3M | $-2.0B | ||
| Q2 24 | $-67.5M | $752.0M |
自由现金流率GELMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | 19.7% | 21.8% | ||
| Q3 25 | 10.5% | 23.6% | ||
| Q2 25 | -2.0% | -18.3% | ||
| Q1 25 | -14.3% | -5.3% | ||
| Q4 24 | -11.8% | 25.4% | ||
| Q3 24 | -8.1% | -32.3% | ||
| Q2 24 | -15.7% | 12.0% |
资本支出强度GELMMM
| Q1 26 | — | — | ||
| Q4 25 | 5.4% | 4.0% | ||
| Q3 25 | 6.5% | 3.3% | ||
| Q2 25 | 14.5% | 3.3% | ||
| Q1 25 | 20.5% | 4.0% | ||
| Q4 24 | 30.3% | 4.8% | ||
| Q3 24 | 30.1% | 3.9% | ||
| Q2 24 | 40.0% | 4.3% |
现金转化率GELMMM
| Q1 26 | — | — | ||
| Q4 25 | 5.58× | 2.74× | ||
| Q3 25 | 7.63× | 2.11× | ||
| Q2 25 | — | -1.32× | ||
| Q1 25 | — | -0.07× | ||
| Q4 24 | — | 2.50× | ||
| Q3 24 | — | -1.30× | ||
| Q2 24 | — | 0.89× |
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
GEL
| Onshore Facilities And Transportation Revenue | $204.2M | 46% |
| Offshore Pipeline Transportation Revenue | $154.3M | 35% |
| Marine Transportation Revenue | $82.2M | 19% |
MMM
| Safety and Industrial business segment | $2.9B | 49% |
| Transportation and Electronics business segment | $1.8B | 31% |
| Consumer business segment | $1.1B | 19% |
| Corporate | $121.0M | 2% |
