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GLOBAL PARTNERS LP（GLP）与美盛公司（MOS）财务数据对比。点击上方公司名可切换其他公司
美盛公司的季度营收约是GLOBAL PARTNERS LP的1.3倍（$3.0B vs $2.2B），GLOBAL PARTNERS LP净利率更高（1.1% vs -17.5%，领先18.6%），GLOBAL PARTNERS LP同比增速更快（7.0% vs 5.6%），GLOBAL PARTNERS LP自由现金流更多（$62.2M vs $-405.7M），过去两年美盛公司的营收复合增速更高（5.3% 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。
美盛公司（The Mosaic Company）是总部位于美国佛罗里达州坦帕的化工企业，主营磷矿、钾矿开采及尿素采集，依托多元国际分销网络和旗下肥料业务板块生产销售农用肥料，是美国规模最大的钾肥、磷肥生产商。
GLP vs MOS — 直观对比
营收规模更大
MOS
是对方的1.3倍
$2.2B
营收增速更快
GLP
高出1.4%
5.6%
净利率更高
GLP
高出18.6%
-17.5%
自由现金流更多
GLP
多$467.9M
$-405.7M
两年增速更快
MOS
近两年复合增速
0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $3.0B |
| 净利润 | $25.1M | $-519.5M |
| 毛利率 | 11.9% | 11.5% |
| 营业利润率 | 2.6% | -3.4% |
| 净利率 | 1.1% | -17.5% |
| 营收同比 | 7.0% | 5.6% |
| 净利润同比 | 5.0% | -407.4% |
| 每股收益（稀释后） | — | $-1.63 |
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GLPMOS
| Q4 25 | $2.2B | $3.0B | ||
| Q3 25 | $2.2B | $3.5B | ||
| Q2 25 | $2.1B | $3.0B | ||
| Q1 25 | $2.2B | $2.6B | ||
| Q4 24 | $2.1B | $2.8B | ||
| Q3 24 | $2.1B | $2.8B | ||
| Q2 24 | $2.3B | $2.8B | ||
| Q1 24 | $2.2B | $2.7B |
净利润GLPMOS
| Q4 25 | $25.1M | $-519.5M | ||
| Q3 25 | $29.0M | $411.4M | ||
| Q2 25 | $25.2M | $410.7M | ||
| Q1 25 | $18.7M | $238.1M | ||
| Q4 24 | $23.9M | $169.0M | ||
| Q3 24 | $45.9M | $122.2M | ||
| Q2 24 | $46.1M | $-161.5M | ||
| Q1 24 | $-5.6M | $45.2M |
毛利率GLPMOS
| Q4 25 | 11.9% | 11.5% | ||
| Q3 25 | 12.1% | 16.0% | ||
| Q2 25 | 13.1% | 17.3% | ||
| Q1 25 | 11.7% | 18.6% | ||
| Q4 24 | 13.0% | 10.7% | ||
| Q3 24 | 13.4% | 14.8% | ||
| Q2 24 | 12.6% | 14.0% | ||
| Q1 24 | 9.8% | 14.9% |
营业利润率GLPMOS
| Q4 25 | 2.6% | -3.4% | ||
| Q3 25 | 2.7% | 9.8% | ||
| Q2 25 | 2.9% | 8.1% | ||
| Q1 25 | 2.6% | 12.9% | ||
| Q4 24 | 2.8% | 3.5% | ||
| Q3 24 | 3.9% | 4.1% | ||
| Q2 24 | 3.7% | 8.3% | ||
| Q1 24 | 1.2% | 6.5% |
净利率GLPMOS
| Q4 25 | 1.1% | -17.5% | ||
| Q3 25 | 1.3% | 11.9% | ||
| Q2 25 | 1.2% | 13.7% | ||
| Q1 25 | 0.9% | 9.1% | ||
| Q4 24 | 1.2% | 6.0% | ||
| Q3 24 | 2.1% | 4.3% | ||
| Q2 24 | 2.0% | -5.7% | ||
| Q1 24 | -0.3% | 1.7% |
每股收益（稀释后）GLPMOS
| Q4 25 | — | $-1.63 | ||
| Q3 25 | — | $1.29 | ||
| Q2 25 | — | $1.29 | ||
| Q1 25 | — | $0.75 | ||
| Q4 24 | — | $0.53 | ||
| Q3 24 | — | $0.38 | ||
| Q2 24 | — | $-0.50 | ||
| Q1 24 | — | $0.14 |
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 | — | $276.6M |
| 总债务越低越好 | — | $4.3B |
| 股东权益账面价值 | — | $12.1B |
| 总资产 | $3.9B | $24.5B |
| 负债/权益比越低杠杆越低 | — | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资GLPMOS
| Q4 25 | — | $276.6M | ||
| Q3 25 | — | $153.3M | ||
| Q2 25 | — | $286.2M | ||
| Q1 25 | — | $259.2M | ||
| Q4 24 | — | $272.8M | ||
| Q3 24 | — | $301.6M | ||
| Q2 24 | — | $322.0M | ||
| Q1 24 | — | $336.7M |
总债务GLPMOS
| Q4 25 | — | $4.3B | ||
| Q3 25 | — | $3.4B | ||
| Q2 25 | — | $3.3B | ||
| Q1 25 | — | $3.3B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | $3.2B |
股东权益GLPMOS
| Q4 25 | — | $12.1B | ||
| Q3 25 | — | $12.8B | ||
| Q2 25 | — | $12.4B | ||
| Q1 25 | — | $11.8B | ||
| Q4 24 | — | $11.5B | ||
| Q3 24 | — | $11.8B | ||
| Q2 24 | — | $11.7B | ||
| Q1 24 | — | $12.0B |
总资产GLPMOS
| Q4 25 | $3.9B | $24.5B | ||
| Q3 25 | $3.7B | $24.7B | ||
| Q2 25 | $3.8B | $24.3B | ||
| Q1 25 | $3.8B | $23.2B | ||
| Q4 24 | $3.8B | $22.9B | ||
| Q3 24 | $3.7B | $23.3B | ||
| Q2 24 | $3.8B | $22.6B | ||
| Q1 24 | $3.5B | $22.9B |
负债/权益比GLPMOS
| Q4 25 | — | 0.35× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.27× | ||
| Q1 25 | — | 0.28× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.27× | ||
| Q1 24 | — | 0.27× |
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 | $-56.1M |
| 自由现金流经营现金流 - 资本支出 | $62.2M | $-405.7M |
| 自由现金流率自由现金流/营收 | 2.8% | -13.6% |
| 资本支出强度资本支出/营收 | 1.8% | 11.8% |
| 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 | $-534.6M |
8季度趋势，按日历期对齐
经营现金流GLPMOS
| Q4 25 | $101.0M | $-56.1M | ||
| Q3 25 | $19.0M | $228.5M | ||
| Q2 25 | $216.3M | $609.5M | ||
| Q1 25 | $-51.6M | $42.9M | ||
| Q4 24 | $67.2M | $219.3M | ||
| Q3 24 | $122.7M | $312.9M | ||
| Q2 24 | $24.3M | $847.0M | ||
| Q1 24 | $-182.7M | $-80.0M |
自由现金流GLPMOS
| Q4 25 | $62.2M | $-405.7M | ||
| Q3 25 | $-678.0K | $-135.9M | ||
| Q2 25 | $201.3M | $304.9M | ||
| Q1 25 | $-69.5M | $-297.9M | ||
| Q4 24 | $20.4M | $-74.8M | ||
| Q3 24 | $98.4M | $72.1M | ||
| Q2 24 | $8.7M | $513.1M | ||
| Q1 24 | $-199.3M | $-463.0M |
自由现金流率GLPMOS
| Q4 25 | 2.8% | -13.6% | ||
| Q3 25 | -0.0% | -3.9% | ||
| Q2 25 | 9.7% | 10.1% | ||
| Q1 25 | -3.2% | -11.4% | ||
| Q4 24 | 1.0% | -2.7% | ||
| Q3 24 | 4.6% | 2.6% | ||
| Q2 24 | 0.4% | 18.2% | ||
| Q1 24 | -9.0% | -17.3% |
资本支出强度GLPMOS
| Q4 25 | 1.8% | 11.8% | ||
| Q3 25 | 0.9% | 10.6% | ||
| Q2 25 | 0.7% | 10.1% | ||
| Q1 25 | 0.8% | 13.0% | ||
| Q4 24 | 2.3% | 10.4% | ||
| Q3 24 | 1.1% | 8.6% | ||
| Q2 24 | 0.7% | 11.9% | ||
| Q1 24 | 0.8% | 14.3% |
现金转化率GLPMOS
| Q4 25 | 4.03× | — | ||
| Q3 25 | 0.66× | 0.56× | ||
| Q2 25 | 8.58× | 1.48× | ||
| Q1 25 | -2.76× | 0.18× | ||
| Q4 24 | 2.82× | 1.30× | ||
| Q3 24 | 2.67× | 2.56× | ||
| Q2 24 | 0.53× | — | ||
| Q1 24 | — | -1.77× |
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% |
MOS
暂无分部数据
