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GLOBAL PARTNERS LP（GLP）与Masco（MAS）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Masco的1.2倍（$2.2B vs $1.9B），Masco净利率更高（11.9% vs 1.1%，领先10.8%），GLOBAL PARTNERS LP同比增速更快（7.0% vs 6.5%），过去两年GLOBAL PARTNERS LP的营收复合增速更高（0.2% vs -4.2%）
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。
美国家居建材企业Masco主营家装及新建住宅市场相关产品，旗下拥有20余家子公司，在全球运营近80座生产工厂，其中美国本土近60座，海外地区超20座。公司1969年于纽交所挂牌上市，后实现快速增长，成功跻身美国财富500强榜单。
GLP vs MAS — 直观对比
营收规模更大
GLP
是对方的1.2倍
$1.9B
营收增速更快
GLP
高出0.5%
6.5%
净利率更高
MAS
高出10.8%
1.1%
两年增速更快
GLP
近两年复合增速
-4.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.9B |
| 净利润 | $25.1M | $228.0M |
| 毛利率 | 11.9% | 35.8% |
| 营业利润率 | 2.6% | 16.5% |
| 净利率 | 1.1% | 11.9% |
| 营收同比 | 7.0% | 6.5% |
| 净利润同比 | 5.0% | 14.5% |
| 每股收益（稀释后） | — | — |
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GLPMAS
| Q1 26 | — | $1.9B | ||
| Q4 25 | $2.2B | $1.8B | ||
| Q3 25 | $2.2B | $1.9B | ||
| Q2 25 | $2.1B | $2.1B | ||
| Q1 25 | $2.2B | $1.8B | ||
| Q4 24 | $2.1B | $1.8B | ||
| Q3 24 | $2.1B | $2.0B | ||
| Q2 24 | $2.3B | $2.1B |
净利润GLPMAS
| Q1 26 | — | $228.0M | ||
| Q4 25 | $25.1M | $165.0M | ||
| Q3 25 | $29.0M | $189.0M | ||
| Q2 25 | $25.2M | $270.0M | ||
| Q1 25 | $18.7M | $186.0M | ||
| Q4 24 | $23.9M | $182.0M | ||
| Q3 24 | $45.9M | $167.0M | ||
| Q2 24 | $46.1M | $258.0M |
毛利率GLPMAS
| Q1 26 | — | 35.8% | ||
| Q4 25 | 11.9% | 33.9% | ||
| Q3 25 | 12.1% | 34.2% | ||
| Q2 25 | 13.1% | 37.6% | ||
| Q1 25 | 11.7% | 35.8% | ||
| Q4 24 | 13.0% | 34.8% | ||
| Q3 24 | 13.4% | 36.6% | ||
| Q2 24 | 12.6% | 37.5% |
营业利润率GLPMAS
| Q1 26 | — | 16.5% | ||
| Q4 25 | 2.6% | 13.8% | ||
| Q3 25 | 2.7% | 15.8% | ||
| Q2 25 | 2.9% | 20.1% | ||
| Q1 25 | 2.6% | 15.9% | ||
| Q4 24 | 2.8% | 15.9% | ||
| Q3 24 | 3.9% | 18.0% | ||
| Q2 24 | 3.7% | 19.0% |
净利率GLPMAS
| Q1 26 | — | 11.9% | ||
| Q4 25 | 1.1% | 9.2% | ||
| Q3 25 | 1.3% | 9.9% | ||
| Q2 25 | 1.2% | 13.2% | ||
| Q1 25 | 0.9% | 10.3% | ||
| Q4 24 | 1.2% | 10.0% | ||
| Q3 24 | 2.1% | 8.4% | ||
| Q2 24 | 2.0% | 12.3% |
每股收益（稀释后）GLPMAS
| Q1 26 | — | — | ||
| Q4 25 | — | $0.81 | ||
| Q3 25 | — | $0.90 | ||
| Q2 25 | — | $1.28 | ||
| Q1 25 | — | $0.87 | ||
| Q4 24 | — | $0.85 | ||
| Q3 24 | — | $0.77 | ||
| Q2 24 | — | $1.17 |
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 | — | — |
| 总债务越低越好 | — | $2.9B |
| 股东权益账面价值 | — | $27.0M |
| 总资产 | $3.9B | $5.2B |
| 负债/权益比越低杠杆越低 | — | 109.07× |
8季度趋势，按日历期对齐
现金及短期投资GLPMAS
| Q1 26 | — | — | ||
| Q4 25 | — | $647.0M | ||
| Q3 25 | — | $559.0M | ||
| Q2 25 | — | $390.0M | ||
| Q1 25 | — | $377.0M | ||
| Q4 24 | — | $634.0M | ||
| Q3 24 | — | $646.0M | ||
| Q2 24 | — | $398.0M |
总债务GLPMAS
| Q1 26 | — | $2.9B | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益GLPMAS
| Q1 26 | — | $27.0M | ||
| Q4 25 | — | $-185.0M | ||
| Q3 25 | — | $-78.0M | ||
| Q2 25 | — | $-84.0M | ||
| Q1 25 | — | $-254.0M | ||
| Q4 24 | — | $-279.0M | ||
| Q3 24 | — | $-88.0M | ||
| Q2 24 | — | $-26.0M |
总资产GLPMAS
| Q1 26 | — | $5.2B | ||
| Q4 25 | $3.9B | $5.2B | ||
| Q3 25 | $3.7B | $5.3B | ||
| Q2 25 | $3.8B | $5.3B | ||
| Q1 25 | $3.8B | $5.1B | ||
| Q4 24 | $3.8B | $5.0B | ||
| Q3 24 | $3.7B | $5.3B | ||
| Q2 24 | $3.8B | $5.4B |
负债/权益比GLPMAS
| Q1 26 | — | 109.07× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $62.2M | — |
| 自由现金流率自由现金流/营收 | 2.8% | — |
| 资本支出强度资本支出/营收 | 1.8% | 1.8% |
| 现金转化率经营现金流/净利润 | 4.03× | — |
| 过去12个月自由现金流最近4个季度 | $193.3M | — |
8季度趋势，按日历期对齐
经营现金流GLPMAS
| Q1 26 | — | — | ||
| Q4 25 | $101.0M | $418.0M | ||
| Q3 25 | $19.0M | $456.0M | ||
| Q2 25 | $216.3M | $306.0M | ||
| Q1 25 | $-51.6M | $-158.0M | ||
| Q4 24 | $67.2M | $407.0M | ||
| Q3 24 | $122.7M | $416.0M | ||
| Q2 24 | $24.3M | $346.0M |
自由现金流GLPMAS
| Q1 26 | — | — | ||
| Q4 25 | $62.2M | $371.0M | ||
| Q3 25 | $-678.0K | $415.0M | ||
| Q2 25 | $201.3M | $270.0M | ||
| Q1 25 | $-69.5M | $-190.0M | ||
| Q4 24 | $20.4M | $351.0M | ||
| Q3 24 | $98.4M | $378.0M | ||
| Q2 24 | $8.7M | $303.0M |
自由现金流率GLPMAS
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 20.7% | ||
| Q3 25 | -0.0% | 21.6% | ||
| Q2 25 | 9.7% | 13.2% | ||
| Q1 25 | -3.2% | -10.5% | ||
| Q4 24 | 1.0% | 19.2% | ||
| Q3 24 | 4.6% | 19.1% | ||
| Q2 24 | 0.4% | 14.5% |
资本支出强度GLPMAS
| Q1 26 | — | 1.8% | ||
| Q4 25 | 1.8% | 2.6% | ||
| Q3 25 | 0.9% | 2.1% | ||
| Q2 25 | 0.7% | 1.8% | ||
| Q1 25 | 0.8% | 1.8% | ||
| Q4 24 | 2.3% | 3.1% | ||
| Q3 24 | 1.1% | 1.9% | ||
| Q2 24 | 0.7% | 2.1% |
现金转化率GLPMAS
| Q1 26 | — | — | ||
| Q4 25 | 4.03× | 2.53× | ||
| Q3 25 | 0.66× | 2.41× | ||
| Q2 25 | 8.58× | 1.13× | ||
| Q1 25 | -2.76× | -0.85× | ||
| Q4 24 | 2.82× | 2.24× | ||
| Q3 24 | 2.67× | 2.49× | ||
| Q2 24 | 0.53× | 1.34× |
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% |
MAS
暂无分部数据
