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GLOBAL PARTNERS LP（GLP）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
GLOBAL PARTNERS LP的季度营收约是美泰的2.6倍（$2.2B vs $862.2M），美泰净利率更高（7.1% vs 1.1%，领先5.9%），GLOBAL PARTNERS LP同比增速更快（7.0% vs 4.3%），GLOBAL PARTNERS LP自由现金流更多（$62.2M vs $-88.1M），过去两年GLOBAL PARTNERS LP的营收复合增速更高（0.2% vs -10.6%）
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。
美泰是美国知名玩具及娱乐企业，旗下影视制作部门美泰影业运营时间为2018年9月6日至2025年6月2日。其前身为2013年10月16日成立的美泰Playground Productions，更早可追溯至美泰娱乐、美泰工作室等集团原有娱乐业务品牌。
GLP vs MAT — 直观对比
营收规模更大
GLP
是对方的2.6倍
$862.2M
营收增速更快
GLP
高出2.7%
4.3%
净利率更高
MAT
高出5.9%
1.1%
自由现金流更多
GLP
多$150.3M
$-88.1M
两年增速更快
GLP
近两年复合增速
-10.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $862.2M |
| 净利润 | $25.1M | $61.0M |
| 毛利率 | 11.9% | 44.9% |
| 营业利润率 | 2.6% | — |
| 净利率 | 1.1% | 7.1% |
| 营收同比 | 7.0% | 4.3% |
| 净利润同比 | 5.0% | 251.4% |
| 每股收益（稀释后） | — | $0.20 |
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GLPMAT
| Q1 26 | — | $862.2M | ||
| Q4 25 | $2.2B | $1.8B | ||
| Q3 25 | $2.2B | $1.7B | ||
| Q2 25 | $2.1B | $1.0B | ||
| Q1 25 | $2.2B | $826.6M | ||
| Q4 24 | $2.1B | $1.6B | ||
| Q3 24 | $2.1B | $1.8B | ||
| Q2 24 | $2.3B | $1.1B |
净利润GLPMAT
| Q1 26 | — | $61.0M | ||
| Q4 25 | $25.1M | $106.2M | ||
| Q3 25 | $29.0M | $278.4M | ||
| Q2 25 | $25.2M | $53.4M | ||
| Q1 25 | $18.7M | $-40.3M | ||
| Q4 24 | $23.9M | $140.9M | ||
| Q3 24 | $45.9M | $372.4M | ||
| Q2 24 | $46.1M | $56.9M |
毛利率GLPMAT
| Q1 26 | — | 44.9% | ||
| Q4 25 | 11.9% | 45.9% | ||
| Q3 25 | 12.1% | 50.0% | ||
| Q2 25 | 13.1% | 50.9% | ||
| Q1 25 | 11.7% | 49.4% | ||
| Q4 24 | 13.0% | 50.7% | ||
| Q3 24 | 13.4% | 53.1% | ||
| Q2 24 | 12.6% | 49.2% |
营业利润率GLPMAT
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 8.0% | ||
| Q3 25 | 2.7% | 21.9% | ||
| Q2 25 | 2.9% | 7.7% | ||
| Q1 25 | 2.6% | -6.4% | ||
| Q4 24 | 2.8% | 9.6% | ||
| Q3 24 | 3.9% | 26.5% | ||
| Q2 24 | 3.7% | 7.7% |
净利率GLPMAT
| Q1 26 | — | 7.1% | ||
| Q4 25 | 1.1% | 6.0% | ||
| Q3 25 | 1.3% | 16.0% | ||
| Q2 25 | 1.2% | 5.2% | ||
| Q1 25 | 0.9% | -4.9% | ||
| Q4 24 | 1.2% | 8.6% | ||
| Q3 24 | 2.1% | 20.2% | ||
| Q2 24 | 2.0% | 5.3% |
每股收益（稀释后）GLPMAT
| Q1 26 | — | $0.20 | ||
| Q4 25 | — | $0.32 | ||
| Q3 25 | — | $0.88 | ||
| Q2 25 | — | $0.16 | ||
| Q1 25 | — | $-0.12 | ||
| Q4 24 | — | $0.40 | ||
| Q3 24 | — | $1.09 | ||
| Q2 24 | — | $0.17 |
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 | — | $866.0M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | — | $2.1B |
| 总资产 | $3.9B | $6.3B |
| 负债/权益比越低杠杆越低 | — | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资GLPMAT
| Q1 26 | — | $866.0M | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $691.9M | ||
| Q2 25 | — | $870.5M | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $723.5M | ||
| Q2 24 | — | $722.4M |
总债务GLPMAT
| Q1 26 | — | $2.3B | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.3B |
股东权益GLPMAT
| Q1 26 | — | $2.1B | ||
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.0B |
总资产GLPMAT
| Q1 26 | — | $6.3B | ||
| Q4 25 | $3.9B | $6.6B | ||
| Q3 25 | $3.7B | $6.6B | ||
| Q2 25 | $3.8B | $6.2B | ||
| Q1 25 | $3.8B | $6.2B | ||
| Q4 24 | $3.8B | $6.5B | ||
| Q3 24 | $3.7B | $6.5B | ||
| Q2 24 | $3.8B | $5.9B |
负债/权益比GLPMAT
| Q1 26 | — | 1.11× | ||
| Q4 25 | — | 1.04× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 1.08× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.03× | ||
| Q3 24 | — | 1.01× | ||
| Q2 24 | — | 1.18× |
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 | $-88.1M |
| 自由现金流率自由现金流/营收 | 2.8% | -10.2% |
| 资本支出强度资本支出/营收 | 1.8% | 7.6% |
| 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GLPMAT
| Q1 26 | — | — | ||
| Q4 25 | $101.0M | $796.6M | ||
| Q3 25 | $19.0M | $72.0M | ||
| Q2 25 | $216.3M | $-300.1M | ||
| Q1 25 | $-51.6M | $24.8M | ||
| Q4 24 | $67.2M | $862.1M | ||
| Q3 24 | $122.7M | $155.8M | ||
| Q2 24 | $24.3M | $-252.9M |
自由现金流GLPMAT
| Q1 26 | — | $-88.1M | ||
| Q4 25 | $62.2M | — | ||
| Q3 25 | $-678.0K | — | ||
| Q2 25 | $201.3M | — | ||
| Q1 25 | $-69.5M | — | ||
| Q4 24 | $20.4M | — | ||
| Q3 24 | $98.4M | — | ||
| Q2 24 | $8.7M | — |
自由现金流率GLPMAT
| Q1 26 | — | -10.2% | ||
| Q4 25 | 2.8% | — | ||
| Q3 25 | -0.0% | — | ||
| Q2 25 | 9.7% | — | ||
| Q1 25 | -3.2% | — | ||
| Q4 24 | 1.0% | — | ||
| Q3 24 | 4.6% | — | ||
| Q2 24 | 0.4% | — |
资本支出强度GLPMAT
| Q1 26 | — | 7.6% | ||
| Q4 25 | 1.8% | — | ||
| Q3 25 | 0.9% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 1.1% | — | ||
| Q2 24 | 0.7% | — |
现金转化率GLPMAT
| Q1 26 | — | — | ||
| Q4 25 | 4.03× | 7.50× | ||
| Q3 25 | 0.66× | 0.26× | ||
| Q2 25 | 8.58× | -5.62× | ||
| Q1 25 | -2.76× | — | ||
| Q4 24 | 2.82× | 6.12× | ||
| Q3 24 | 2.67× | 0.42× | ||
| Q2 24 | 0.53× | -4.45× |
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% |
MAT
暂无分部数据
