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GENESIS ENERGY LP（GEL）与Royalty Pharma plc（RPRX）财务数据对比。点击上方公司名可切换其他公司
Royalty Pharma plc的季度营收约是GENESIS ENERGY LP的1.4倍（$622.0M vs $440.8M），Royalty Pharma plc净利率更高（34.4% vs 4.5%，领先29.9%），GENESIS ENERGY LP同比增速更快（10.5% vs 4.8%），过去两年Royalty Pharma plc的营收复合增速更高（4.6% vs 0.7%）
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。
本公司是总部位于美国马萨诸塞州剑桥市的临床阶段生物制药企业，专注于研发可调节转化生长因子β（TGF-β）超家族蛋白的药物，该类蛋白在红细胞、肌肉、骨骼、血管等细胞与组织的生长修复过程中发挥核心作用。
GEL vs RPRX — 直观对比
营收规模更大
RPRX
是对方的1.4倍
$440.8M
营收增速更快
GEL
高出5.7%
4.8%
净利率更高
RPRX
高出29.9%
4.5%
两年增速更快
RPRX
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $440.8M | $622.0M |
| 净利润 | $19.9M | $214.2M |
| 毛利率 | — | — |
| 营业利润率 | 20.4% | 62.4% |
| 净利率 | 4.5% | 34.4% |
| 营收同比 | 10.5% | 4.8% |
| 净利润同比 | 140.2% | 2.9% |
| 每股收益（稀释后） | $0.04 | $0.49 |
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GELRPRX
| Q4 25 | $440.8M | $622.0M | ||
| Q3 25 | $414.0M | $609.3M | ||
| Q2 25 | $377.3M | $578.7M | ||
| Q1 25 | $398.3M | $568.2M | ||
| Q4 24 | $398.9M | $593.6M | ||
| Q3 24 | $397.3M | $564.7M | ||
| Q2 24 | $430.2M | $537.3M | ||
| Q1 24 | $434.4M | $568.0M |
净利润GELRPRX
| Q4 25 | $19.9M | $214.2M | ||
| Q3 25 | $9.2M | $288.2M | ||
| Q2 25 | $-406.0K | $30.2M | ||
| Q1 25 | $-469.1M | $238.3M | ||
| Q4 24 | $-49.4M | $208.2M | ||
| Q3 24 | $-17.2M | $544.0M | ||
| Q2 24 | $-8.7M | $102.0M | ||
| Q1 24 | $11.4M | $4.8M |
营业利润率GELRPRX
| Q4 25 | 20.4% | 62.4% | ||
| Q3 25 | 19.0% | 70.1% | ||
| Q2 25 | 17.9% | 36.3% | ||
| Q1 25 | 5.5% | 94.0% | ||
| Q4 24 | 3.4% | 60.9% | ||
| Q3 24 | 12.2% | — | ||
| Q2 24 | 11.6% | 50.2% | ||
| Q1 24 | 13.4% | -13.0% |
净利率GELRPRX
| Q4 25 | 4.5% | 34.4% | ||
| Q3 25 | 2.2% | 47.3% | ||
| Q2 25 | -0.1% | 5.2% | ||
| Q1 25 | -117.8% | 41.9% | ||
| Q4 24 | -12.4% | 35.1% | ||
| Q3 24 | -4.3% | 96.3% | ||
| Q2 24 | -2.0% | 19.0% | ||
| Q1 24 | 2.6% | 0.8% |
每股收益（稀释后）GELRPRX
| Q4 25 | $0.04 | $0.49 | ||
| Q3 25 | $-0.05 | $0.67 | ||
| Q2 25 | $-0.12 | $0.07 | ||
| Q1 25 | $-4.06 | $0.55 | ||
| Q4 24 | $-0.58 | $0.46 | ||
| Q3 24 | $-0.32 | $1.21 | ||
| Q2 24 | $-0.25 | $0.23 | ||
| Q1 24 | $-0.09 | $0.01 |
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 | $618.7M |
| 总债务越低越好 | $3.0B | $9.0B |
| 股东权益账面价值 | — | $9.7B |
| 总资产 | $4.9B | $19.6B |
| 负债/权益比越低杠杆越低 | — | 0.92× |
8季度趋势，按日历期对齐
现金及短期投资GELRPRX
| Q4 25 | $6.4M | $618.7M | ||
| Q3 25 | $4.9M | $938.9M | ||
| Q2 25 | $4.5M | $631.9M | ||
| Q1 25 | $377.4M | $1.1B | ||
| Q4 24 | $7.4M | $929.0M | ||
| Q3 24 | $13.0M | $950.1M | ||
| Q2 24 | $13.7M | $1.8B | ||
| Q1 24 | $7.0M | $843.0M |
总债务GELRPRX
| Q4 25 | $3.0B | $9.0B | ||
| Q3 25 | $3.1B | $8.9B | ||
| Q2 25 | $3.1B | $8.0B | ||
| Q1 25 | $3.4B | $7.6B | ||
| Q4 24 | $3.7B | $7.6B | ||
| Q3 24 | $4.0B | $7.6B | ||
| Q2 24 | $3.9B | $7.6B | ||
| Q1 24 | $3.8B | $6.1B |
股东权益GELRPRX
| Q4 25 | — | $9.7B | ||
| Q3 25 | — | $9.6B | ||
| Q2 25 | — | $9.5B | ||
| Q1 25 | — | $9.8B | ||
| Q4 24 | — | $10.3B | ||
| Q3 24 | — | $10.3B | ||
| Q2 24 | — | $9.8B | ||
| Q1 24 | — | $9.9B |
总资产GELRPRX
| Q4 25 | $4.9B | $19.6B | ||
| Q3 25 | $4.9B | $19.3B | ||
| Q2 25 | $4.8B | $18.3B | ||
| Q1 25 | $5.2B | $17.6B | ||
| Q4 24 | $7.0B | $18.2B | ||
| Q3 24 | $7.1B | $18.0B | ||
| Q2 24 | $7.0B | $17.7B | ||
| Q1 24 | $6.9B | $16.1B |
负债/权益比GELRPRX
| Q4 25 | — | 0.92× | ||
| Q3 25 | — | 0.93× | ||
| Q2 25 | — | 0.84× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.74× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | — | 0.62× |
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 | $827.1M |
| 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× | 3.86× |
| 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GELRPRX
| Q4 25 | $110.8M | $827.1M | ||
| Q3 25 | $70.3M | $702.6M | ||
| Q2 25 | $47.0M | $364.0M | ||
| Q1 25 | $24.8M | $596.1M | ||
| Q4 24 | $74.0M | $742.5M | ||
| Q3 24 | $87.3M | $703.6M | ||
| Q2 24 | $104.7M | $658.2M | ||
| Q1 24 | $125.9M | $664.6M |
自由现金流GELRPRX
| 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 | — | ||
| Q1 24 | $-48.3M | — |
自由现金流率GELRPRX
| 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% | — | ||
| Q1 24 | -11.1% | — |
资本支出强度GELRPRX
| 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% | — | ||
| Q1 24 | 40.1% | — |
现金转化率GELRPRX
| Q4 25 | 5.58× | 3.86× | ||
| Q3 25 | 7.63× | 2.44× | ||
| Q2 25 | — | 12.06× | ||
| Q1 25 | — | 2.50× | ||
| Q4 24 | — | 3.57× | ||
| Q3 24 | — | 1.29× | ||
| Q2 24 | — | 6.45× | ||
| Q1 24 | 11.09× | 139.10× |
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% |
RPRX
| Financial Royalty Assets | $592.4M | 95% |
| Royalty Income Other | $29.6M | 5% |
