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GLOBAL PARTNERS LP（GLP）与李维斯（LEVI）财务数据对比。点击上方公司名可切换其他公司
GLOBAL PARTNERS LP的季度营收约是李维斯的1.3倍（$2.2B vs $1.8B），李维斯净利率更高（8.9% vs 1.1%，领先7.8%），GLOBAL PARTNERS LP同比增速更快（7.0% vs -4.0%），李维斯自由现金流更多（$215.7M vs $62.2M），过去两年李维斯的营收复合增速更高（6.5% vs 0.2%）
Global Partners LP是一家美国能源供应企业，2018年位列《财富》世界500强第361位，采用业主有限合伙制架构，核心业务为石油产品进口，深耕北美市场开展营销活动，批发的产品涵盖原油、柴油、汽油、取暖油及煤油等品类。
李维斯（Levi Strauss & Co.）是全球知名的美国服饰企业，凭借旗下Levi's品牌丹宁牛仔裤享誉全球。公司创立于1853年5月，由德裔犹太移民李维·斯特劳斯在旧金山成立，注册地为特拉华州，总部设在旧金山李维斯广场。
GLP vs LEVI — 直观对比
营收规模更大
GLP
是对方的1.3倍
$1.8B
营收增速更快
GLP
高出11.0%
-4.0%
净利率更高
LEVI
高出7.8%
1.1%
自由现金流更多
LEVI
多$153.5M
$62.2M
两年增速更快
LEVI
近两年复合增速
0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.8B |
| 净利润 | $25.1M | $158.0M |
| 毛利率 | 11.9% | 60.8% |
| 营业利润率 | 2.6% | 11.9% |
| 净利率 | 1.1% | 8.9% |
| 营收同比 | 7.0% | -4.0% |
| 净利润同比 | 5.0% | -13.4% |
| 每股收益（稀释后） | — | $0.39 |
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GLPLEVI
| Q4 25 | $2.2B | $1.8B | ||
| Q3 25 | $2.2B | $1.5B | ||
| Q2 25 | $2.1B | $1.4B | ||
| Q1 25 | $2.2B | $1.5B | ||
| Q4 24 | $2.1B | $1.8B | ||
| Q3 24 | $2.1B | $1.5B | ||
| Q2 24 | $2.3B | $1.4B | ||
| Q1 24 | $2.2B | $1.6B |
净利润GLPLEVI
| Q4 25 | $25.1M | $158.0M | ||
| Q3 25 | $29.0M | $218.1M | ||
| Q2 25 | $25.2M | $67.0M | ||
| Q1 25 | $18.7M | $135.0M | ||
| Q4 24 | $23.9M | $182.5M | ||
| Q3 24 | $45.9M | $20.7M | ||
| Q2 24 | $46.1M | $18.0M | ||
| Q1 24 | $-5.6M | $-10.6M |
毛利率GLPLEVI
| Q4 25 | 11.9% | 60.8% | ||
| Q3 25 | 12.1% | 61.7% | ||
| Q2 25 | 13.1% | 62.6% | ||
| Q1 25 | 11.7% | 62.1% | ||
| Q4 24 | 13.0% | 61.3% | ||
| Q3 24 | 13.4% | 60.0% | ||
| Q2 24 | 12.6% | 60.5% | ||
| Q1 24 | 9.8% | 58.2% |
营业利润率GLPLEVI
| Q4 25 | 2.6% | 11.9% | ||
| Q3 25 | 2.7% | 10.8% | ||
| Q2 25 | 2.9% | 7.5% | ||
| Q1 25 | 2.6% | 12.5% | ||
| Q4 24 | 2.8% | 11.5% | ||
| Q3 24 | 3.9% | 2.0% | ||
| Q2 24 | 3.7% | 1.5% | ||
| Q1 24 | 1.2% | -0.0% |
净利率GLPLEVI
| Q4 25 | 1.1% | 8.9% | ||
| Q3 25 | 1.3% | 14.1% | ||
| Q2 25 | 1.2% | 4.6% | ||
| Q1 25 | 0.9% | 8.8% | ||
| Q4 24 | 1.2% | 9.9% | ||
| Q3 24 | 2.1% | 1.4% | ||
| Q2 24 | 2.0% | 1.2% | ||
| Q1 24 | -0.3% | -0.7% |
每股收益（稀释后）GLPLEVI
| Q4 25 | — | $0.39 | ||
| Q3 25 | — | $0.55 | ||
| Q2 25 | — | $0.17 | ||
| Q1 25 | — | $0.34 | ||
| Q4 24 | — | $0.46 | ||
| Q3 24 | — | $0.05 | ||
| Q2 24 | — | $0.04 | ||
| Q1 24 | — | $-0.03 |
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 | — | $848.8M |
| 总债务越低越好 | — | $1.1B |
| 股东权益账面价值 | — | $2.3B |
| 总资产 | $3.9B | $6.8B |
| 负债/权益比越低杠杆越低 | — | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资GLPLEVI
| Q4 25 | — | $848.8M | ||
| Q3 25 | — | $707.5M | ||
| Q2 25 | — | $736.7M | ||
| Q1 25 | — | $574.4M | ||
| Q4 24 | — | $690.0M | ||
| Q3 24 | — | $577.1M | ||
| Q2 24 | — | $641.4M | ||
| Q1 24 | — | $516.7M |
总债务GLPLEVI
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $987.4M | ||
| Q4 24 | — | $994.0M | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.0B | ||
| Q1 24 | — | $1.0B |
股东权益GLPLEVI
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $2.0B |
总资产GLPLEVI
| Q4 25 | $3.9B | $6.8B | ||
| Q3 25 | $3.7B | $6.7B | ||
| Q2 25 | $3.8B | $6.5B | ||
| Q1 25 | $3.8B | $6.2B | ||
| Q4 24 | $3.8B | $6.4B | ||
| Q3 24 | $3.7B | $6.3B | ||
| Q2 24 | $3.8B | $6.2B | ||
| Q1 24 | $3.5B | $6.0B |
负债/权益比GLPLEVI
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.49× | ||
| Q1 25 | — | 0.49× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.54× | ||
| Q2 24 | — | 0.51× | ||
| Q1 24 | — | 0.51× |
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 | $101.0M | $266.8M |
| 自由现金流经营现金流 - 资本支出 | $62.2M | $215.7M |
| 自由现金流率自由现金流/营收 | 2.8% | 12.2% |
| 资本支出强度资本支出/营收 | 1.8% | 2.9% |
| 现金转化率经营现金流/净利润 | 4.03× | 1.69× |
| 过去12个月自由现金流最近4个季度 | $193.3M | $308.2M |
8季度趋势，按日历期对齐
经营现金流GLPLEVI
| Q4 25 | $101.0M | $266.8M | ||
| Q3 25 | $19.0M | $24.8M | ||
| Q2 25 | $216.3M | $185.5M | ||
| Q1 25 | $-51.6M | $52.5M | ||
| Q4 24 | $67.2M | $297.3M | ||
| Q3 24 | $122.7M | $52.3M | ||
| Q2 24 | $24.3M | $262.8M | ||
| Q1 24 | $-182.7M | $286.0M |
自由现金流GLPLEVI
| Q4 25 | $62.2M | $215.7M | ||
| Q3 25 | $-678.0K | $-39.4M | ||
| Q2 25 | $201.3M | $146.0M | ||
| Q1 25 | $-69.5M | $-14.1M | ||
| Q4 24 | $20.4M | $231.6M | ||
| Q3 24 | $98.4M | $2.3M | ||
| Q2 24 | $8.7M | $222.6M | ||
| Q1 24 | $-199.3M | $214.4M |
自由现金流率GLPLEVI
| Q4 25 | 2.8% | 12.2% | ||
| Q3 25 | -0.0% | -2.6% | ||
| Q2 25 | 9.7% | 10.1% | ||
| Q1 25 | -3.2% | -0.9% | ||
| Q4 24 | 1.0% | 12.6% | ||
| Q3 24 | 4.6% | 0.2% | ||
| Q2 24 | 0.4% | 15.4% | ||
| Q1 24 | -9.0% | 13.8% |
资本支出强度GLPLEVI
| Q4 25 | 1.8% | 2.9% | ||
| Q3 25 | 0.9% | 4.2% | ||
| Q2 25 | 0.7% | 2.7% | ||
| Q1 25 | 0.8% | 4.4% | ||
| Q4 24 | 2.3% | 3.6% | ||
| Q3 24 | 1.1% | 3.3% | ||
| Q2 24 | 0.7% | 2.8% | ||
| Q1 24 | 0.8% | 4.6% |
现金转化率GLPLEVI
| Q4 25 | 4.03× | 1.69× | ||
| Q3 25 | 0.66× | 0.11× | ||
| Q2 25 | 8.58× | 2.77× | ||
| Q1 25 | -2.76× | 0.39× | ||
| Q4 24 | 2.82× | 1.63× | ||
| Q3 24 | 2.67× | 2.53× | ||
| Q2 24 | 0.53× | 14.60× | ||
| Q1 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
GLP
| Gasoline | $1.0B | 46% |
| Refined Petroleum Products Renewable Fuels Crude Oil And Propane | $884.7M | 40% |
| Commercial Segment | $187.6M | 8% |
| Station Operations | $110.5M | 5% |
LEVI
| Other | $760.3M | 43% |
| Sales Channel Through Intermediary | $583.2M | 33% |
| Sales Channel Directly To Consumer | $376.0M | 21% |
| Beyond Yoga | $46.3M | 3% |
