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Globe Life（GL）与MPLX LP（MPLX）财务数据对比。点击上方公司名可切换其他公司
MPLX LP的季度营收约是Globe Life的1.6倍（$2.5B vs $1.6B），MPLX LP净利率更高（49.1% vs 17.3%，领先31.7%），Globe Life同比增速更快（5.3% vs 1.4%），过去两年MPLX LP的营收复合增速更高（6.2% vs 4.1%）
Globe Life Inc.（股票代码：GL）是总部位于美国得克萨斯州麦金尼的金融服务控股公司，在纽约证券交易所上市，通过旗下全资子公司开展业务，主营人寿保险、年金产品及补充健康保险产品。
MPLX LP旗下子公司MarkWest Energy Partners是美国业主有限合伙企业，主营天然气收集、加工及运输业务。该公司1988年成立于科罗拉多州丹佛市，曾发展为科罗拉多州第13大企业，2015年被马拉松石油旗下的MPLX收购。
GL vs MPLX — 直观对比
营收规模更大
MPLX
是对方的1.6倍
$1.6B
营收增速更快
GL
高出3.9%
1.4%
净利率更高
MPLX
高出31.7%
17.3%
两年增速更快
MPLX
近两年复合增速
4.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $2.5B |
| 净利润 | $270.5M | $1.2B |
| 毛利率 | — | — |
| 营业利润率 | — | 60.5% |
| 净利率 | 17.3% | 49.1% |
| 营收同比 | 5.3% | 1.4% |
| 净利润同比 | — | 8.5% |
| 每股收益（稀释后） | $3.39 | — |
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GLMPLX
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $2.5B | ||
| Q3 25 | $1.5B | $2.5B | ||
| Q2 25 | $1.5B | $2.4B | ||
| Q1 25 | $1.5B | $2.5B | ||
| Q4 24 | $1.5B | $2.4B | ||
| Q3 24 | $1.5B | $2.3B | ||
| Q2 24 | $1.4B | $2.3B |
净利润GLMPLX
| Q1 26 | $270.5M | — | ||
| Q4 25 | $266.1M | $1.2B | ||
| Q3 25 | $387.8M | $1.6B | ||
| Q2 25 | $252.7M | $1.1B | ||
| Q1 25 | $254.6M | $1.1B | ||
| Q4 24 | $255.2M | $1.1B | ||
| Q3 24 | $303.0M | $1.0B | ||
| Q2 24 | $258.4M | $1.2B |
毛利率GLMPLX
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 26.1% | — | ||
| Q2 24 | 23.3% | — |
营业利润率GLMPLX
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | 60.5% | ||
| Q3 25 | 31.5% | 73.2% | ||
| Q2 25 | 21.2% | 54.9% | ||
| Q1 25 | 21.4% | 55.5% | ||
| Q4 24 | 21.3% | 55.6% | ||
| Q3 24 | 26.3% | 54.4% | ||
| Q2 24 | 23.5% | 62.9% |
净利率GLMPLX
| Q1 26 | 17.3% | — | ||
| Q4 25 | 17.5% | 49.1% | ||
| Q3 25 | 25.6% | 63.2% | ||
| Q2 25 | 17.1% | 44.9% | ||
| Q1 25 | 17.2% | 46.2% | ||
| Q4 24 | 17.4% | 45.9% | ||
| Q3 24 | 20.8% | 44.6% | ||
| Q2 24 | 17.9% | 52.6% |
每股收益（稀释后）GLMPLX
| Q1 26 | $3.39 | — | ||
| Q4 25 | $3.28 | — | ||
| Q3 25 | $4.73 | — | ||
| Q2 25 | $3.05 | — | ||
| Q1 25 | $3.01 | — | ||
| Q4 24 | $3.00 | — | ||
| Q3 24 | $3.44 | — | ||
| Q2 24 | $2.83 | — |
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 | $183.8M | $2.1B |
| 总债务越低越好 | — | $24.2B |
| 股东权益账面价值 | $6.1B | — |
| 总资产 | — | $43.0B |
| 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GLMPLX
| Q1 26 | $183.8M | — | ||
| Q4 25 | $314.7M | $2.1B | ||
| Q3 25 | $62.8M | $1.8B | ||
| Q2 25 | $116.7M | $1.4B | ||
| Q1 25 | $134.1M | $2.5B | ||
| Q4 24 | $85.0M | $1.5B | ||
| Q3 24 | $100.5M | $2.4B | ||
| Q2 24 | $100.6M | $2.5B |
总债务GLMPLX
| Q1 26 | — | — | ||
| Q4 25 | — | $24.2B | ||
| Q3 25 | — | $24.1B | ||
| Q2 25 | — | $19.7B | ||
| Q1 25 | — | $19.7B | ||
| Q4 24 | — | $19.3B | ||
| Q3 24 | — | $19.3B | ||
| Q2 24 | — | $19.2B |
股东权益GLMPLX
| Q1 26 | $6.1B | — | ||
| Q4 25 | $6.0B | — | ||
| Q3 25 | $5.7B | — | ||
| Q2 25 | $5.4B | — | ||
| Q1 25 | $5.4B | — | ||
| Q4 24 | $5.3B | — | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $5.2B | — |
总资产GLMPLX
| Q1 26 | — | — | ||
| Q4 25 | $30.8B | $43.0B | ||
| Q3 25 | $30.5B | $43.2B | ||
| Q2 25 | $29.8B | $37.8B | ||
| Q1 25 | $29.7B | $39.0B | ||
| Q4 24 | $29.1B | $37.5B | ||
| Q3 24 | $29.6B | $38.5B | ||
| Q2 24 | $28.3B | $38.4B |
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 | — | $1.5B |
| 自由现金流经营现金流 - 资本支出 | — | $782.0M |
| 自由现金流率自由现金流/营收 | — | 31.9% |
| 资本支出强度资本支出/营收 | — | 29.1% |
| 现金转化率经营现金流/净利润 | — | 1.24× |
| 过去12个月自由现金流最近4个季度 | — | $4.1B |
8季度趋势，按日历期对齐
经营现金流GLMPLX
| Q1 26 | — | — | ||
| Q4 25 | $350.6M | $1.5B | ||
| Q3 25 | $306.0M | $1.4B | ||
| Q2 25 | $307.9M | $1.7B | ||
| Q1 25 | $431.9M | $1.2B | ||
| Q4 24 | $336.9M | $1.7B | ||
| Q3 24 | $340.6M | $1.4B | ||
| Q2 24 | $374.1M | $1.6B |
自由现金流GLMPLX
| Q1 26 | — | — | ||
| Q4 25 | $330.1M | $782.0M | ||
| Q3 25 | $208.7M | $905.0M | ||
| Q2 25 | $295.0M | $1.4B | ||
| Q1 25 | $420.1M | $979.0M | ||
| Q4 24 | $321.9M | $1.4B | ||
| Q3 24 | $311.3M | $1.1B | ||
| Q2 24 | $356.5M | $1.4B |
自由现金流率GLMPLX
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | 31.9% | ||
| Q3 25 | 13.8% | 36.8% | ||
| Q2 25 | 19.9% | 60.9% | ||
| Q1 25 | 28.4% | 39.8% | ||
| Q4 24 | 22.0% | 56.6% | ||
| Q3 24 | 21.4% | 48.4% | ||
| Q2 24 | 24.8% | 60.0% |
资本支出强度GLMPLX
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 29.1% | ||
| Q3 25 | 6.4% | 21.4% | ||
| Q2 25 | 0.9% | 12.8% | ||
| Q1 25 | 0.8% | 10.9% | ||
| Q4 24 | 1.0% | 12.7% | ||
| Q3 24 | 2.0% | 11.9% | ||
| Q2 24 | 1.2% | 9.4% |
现金转化率GLMPLX
| Q1 26 | — | — | ||
| Q4 25 | 1.32× | 1.24× | ||
| Q3 25 | 0.79× | 0.92× | ||
| Q2 25 | 1.22× | 1.64× | ||
| Q1 25 | 1.70× | 1.10× | ||
| Q4 24 | 1.32× | 1.51× | ||
| Q3 24 | 1.12× | 1.35× | ||
| Q2 24 | 1.45× | 1.32× |
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
GL
| Life premium | $853.2M | 55% |
| Health premium | $416.9M | 27% |
| Other | $289.5M | 19% |
MPLX
| Services | $746.0M | 30% |
| Other | $675.0M | 28% |
| Products | $492.0M | 20% |
| Nonrelated Party | $186.0M | 8% |
| Related Party | $151.0M | 6% |
| Crude Oil And Products Logistics | $104.0M | 4% |
| Service Other | $56.0M | 2% |
| Natural Gas And NGL Services | $41.0M | 2% |
