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GENESIS ENERGY LP（GEL）与Rithm Capital Corp.（RITM）财务数据对比。点击上方公司名可切换其他公司
Rithm Capital Corp.的季度营收约是GENESIS ENERGY LP的1.9倍（$828.2M vs $440.8M），Rithm Capital Corp.净利率更高（13.2% vs 4.5%，领先8.7%），Rithm Capital Corp.同比增速更快（508.5% vs 10.5%），过去两年GENESIS ENERGY LP的营收复合增速更高（0.7% vs -17.9%）
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。
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
GEL vs RITM — 直观对比
营收规模更大
RITM
是对方的1.9倍
$440.8M
营收增速更快
RITM
高出498.0%
10.5%
净利率更高
RITM
高出8.7%
4.5%
两年增速更快
GEL
近两年复合增速
-17.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $440.8M | $828.2M |
| 净利润 | $19.9M | $109.5M |
| 毛利率 | — | — |
| 营业利润率 | 20.4% | 29.9% |
| 净利率 | 4.5% | 13.2% |
| 营收同比 | 10.5% | 508.5% |
| 净利润同比 | 140.2% | 27.7% |
| 每股收益（稀释后） | $0.04 | $0.12 |
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GELRITM
| Q1 26 | — | $828.2M | ||
| Q4 25 | $440.8M | $1.5B | ||
| Q3 25 | $414.0M | $1.1B | ||
| Q2 25 | $377.3M | $1.2B | ||
| Q1 25 | $398.3M | $768.4M | ||
| Q4 24 | $398.9M | $2.1B | ||
| Q3 24 | $397.3M | $619.5M | ||
| Q2 24 | $430.2M | $1.2B |
净利润GELRITM
| Q1 26 | — | $109.5M | ||
| Q4 25 | $19.9M | $85.0M | ||
| Q3 25 | $9.2M | $221.5M | ||
| Q2 25 | $-406.0K | $311.7M | ||
| Q1 25 | $-469.1M | $78.8M | ||
| Q4 24 | $-49.4M | $290.2M | ||
| Q3 24 | $-17.2M | $121.7M | ||
| Q2 24 | $-8.7M | $235.6M |
营业利润率GELRITM
| Q1 26 | — | 29.9% | ||
| Q4 25 | 20.4% | 13.8% | ||
| Q3 25 | 19.0% | 21.4% | ||
| Q2 25 | 17.9% | 25.2% | ||
| Q1 25 | 5.5% | 7.4% | ||
| Q4 24 | 3.4% | 23.8% | ||
| Q3 24 | 12.2% | 7.3% | ||
| Q2 24 | 11.6% | 23.6% |
净利率GELRITM
| Q1 26 | — | 13.2% | ||
| Q4 25 | 4.5% | 5.7% | ||
| Q3 25 | 2.2% | 20.0% | ||
| Q2 25 | -0.1% | 25.6% | ||
| Q1 25 | -117.8% | 10.3% | ||
| Q4 24 | -12.4% | 14.0% | ||
| Q3 24 | -4.3% | 19.7% | ||
| Q2 24 | -2.0% | 19.2% |
每股收益（稀释后）GELRITM
| Q1 26 | — | $0.12 | ||
| Q4 25 | $0.04 | $0.09 | ||
| Q3 25 | $-0.05 | $0.35 | ||
| Q2 25 | $-0.12 | $0.53 | ||
| Q1 25 | $-4.06 | $0.07 | ||
| Q4 24 | $-0.58 | $0.50 | ||
| Q3 24 | $-0.32 | $0.20 | ||
| Q2 24 | $-0.25 | $0.43 |
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 | — |
| 总债务越低越好 | $3.0B | — |
| 股东权益账面价值 | — | $9.1B |
| 总资产 | $4.9B | $53.4B |
| 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GELRITM
| Q1 26 | — | — | ||
| Q4 25 | $6.4M | $1.8B | ||
| Q3 25 | $4.9M | $1.6B | ||
| Q2 25 | $4.5M | $1.6B | ||
| Q1 25 | $377.4M | $1.5B | ||
| Q4 24 | $7.4M | $1.5B | ||
| Q3 24 | $13.0M | $1.6B | ||
| Q2 24 | $13.7M | $1.2B |
总债务GELRITM
| Q1 26 | — | — | ||
| Q4 25 | $3.0B | $35.4B | ||
| Q3 25 | $3.1B | $32.2B | ||
| Q2 25 | $3.1B | $31.2B | ||
| Q1 25 | $3.4B | $32.2B | ||
| Q4 24 | $3.7B | $32.6B | ||
| Q3 24 | $4.0B | $29.6B | ||
| Q2 24 | $3.9B | $30.1B |
股东权益GELRITM
| Q1 26 | — | $9.1B | ||
| Q4 25 | — | $8.4B | ||
| Q3 25 | — | $8.5B | ||
| Q2 25 | — | $7.9B | ||
| Q1 25 | — | $7.8B | ||
| Q4 24 | — | $7.8B | ||
| Q3 24 | — | $7.7B | ||
| Q2 24 | — | $7.3B |
总资产GELRITM
| Q1 26 | — | $53.4B | ||
| Q4 25 | $4.9B | $53.1B | ||
| Q3 25 | $4.9B | $47.2B | ||
| Q2 25 | $4.8B | $44.3B | ||
| Q1 25 | $5.2B | $45.3B | ||
| Q4 24 | $7.0B | $46.0B | ||
| Q3 24 | $7.1B | $42.3B | ||
| Q2 24 | $7.0B | $42.0B |
负债/权益比GELRITM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.20× | ||
| Q3 25 | — | 3.79× | ||
| Q2 25 | — | 3.92× | ||
| Q1 25 | — | 4.14× | ||
| Q4 24 | — | 4.18× | ||
| Q3 24 | — | 3.87× | ||
| Q2 24 | — | 4.10× |
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 | — |
| 自由现金流率自由现金流/营收 | 19.7% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流GELRITM
| Q1 26 | — | — | ||
| Q4 25 | $110.8M | $-114.6M | ||
| Q3 25 | $70.3M | $-2.0B | ||
| Q2 25 | $47.0M | $-557.1M | ||
| Q1 25 | $24.8M | $1.4B | ||
| Q4 24 | $74.0M | $-1.8B | ||
| Q3 24 | $87.3M | $768.1M | ||
| Q2 24 | $104.7M | $-55.7M |
自由现金流GELRITM
| Q1 26 | — | — | ||
| Q4 25 | $87.0M | — | ||
| Q3 25 | $43.3M | — | ||
| Q2 25 | $-7.6M | — | ||
| Q1 25 | $-56.8M | — | ||
| Q4 24 | $-47.1M | — | ||
| Q3 24 | $-32.3M | — | ||
| Q2 24 | $-67.5M | — |
自由现金流率GELRITM
| Q1 26 | — | — | ||
| Q4 25 | 19.7% | — | ||
| Q3 25 | 10.5% | — | ||
| Q2 25 | -2.0% | — | ||
| Q1 25 | -14.3% | — | ||
| Q4 24 | -11.8% | — | ||
| Q3 24 | -8.1% | — | ||
| Q2 24 | -15.7% | — |
资本支出强度GELRITM
| Q1 26 | — | — | ||
| Q4 25 | 5.4% | — | ||
| Q3 25 | 6.5% | — | ||
| Q2 25 | 14.5% | — | ||
| Q1 25 | 20.5% | — | ||
| Q4 24 | 30.3% | — | ||
| Q3 24 | 30.1% | — | ||
| Q2 24 | 40.0% | — |
现金转化率GELRITM
| Q1 26 | — | — | ||
| Q4 25 | 5.58× | -1.35× | ||
| Q3 25 | 7.63× | -9.22× | ||
| Q2 25 | — | -1.79× | ||
| Q1 25 | — | 18.03× | ||
| Q4 24 | — | -6.04× | ||
| Q3 24 | — | 6.31× | ||
| Q2 24 | — | -0.24× |
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
GEL
| Onshore Facilities And Transportation Revenue | $204.2M | 46% |
| Offshore Pipeline Transportation Revenue | $154.3M | 35% |
| Marine Transportation Revenue | $82.2M | 19% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
