vs
GLOBAL PARTNERS LP（GLP）与Ovintiv Inc.（OVV）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Ovintiv Inc.的1.1倍（$2.2B vs $2.1B），Ovintiv Inc.净利率更高（46.1% vs 1.1%，领先44.9%），GLOBAL PARTNERS LP同比增速更快（7.0% vs -6.0%），Ovintiv Inc.自由现金流更多（$489.0M vs $62.2M），过去两年GLOBAL PARTNERS LP的营收复合增速更高（0.2% vs -7.2%）
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。
Ovintiv Inc.是一家总部位于美国丹佛的石油企业，前身为加拿大能源公司Encana，于2020年通过重组正式成立，主营石油、天然气的勘探、开发与生产业务，在北美能源领域拥有丰富的运营经验及市场积累。
GLP vs OVV — 直观对比
营收规模更大
GLP
是对方的1.1倍
$2.1B
营收增速更快
GLP
高出13.0%
-6.0%
净利率更高
OVV
高出44.9%
1.1%
自由现金流更多
OVV
多$426.8M
$62.2M
两年增速更快
GLP
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $2.1B |
| 净利润 | $25.1M | $946.0M |
| 毛利率 | 11.9% | — |
| 营业利润率 | 2.6% | 21.2% |
| 净利率 | 1.1% | 46.1% |
| 营收同比 | 7.0% | -6.0% |
| 净利润同比 | 5.0% | 1676.7% |
| 每股收益（稀释后） | — | $3.64 |
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GLPOVV
| Q4 25 | $2.2B | $2.1B | ||
| Q3 25 | $2.2B | $2.0B | ||
| Q2 25 | $2.1B | $2.2B | ||
| Q1 25 | $2.2B | $2.4B | ||
| Q4 24 | $2.1B | $2.2B | ||
| Q3 24 | $2.1B | $2.2B | ||
| Q2 24 | $2.3B | $2.2B | ||
| Q1 24 | $2.2B | $2.4B |
净利润GLPOVV
| Q4 25 | $25.1M | $946.0M | ||
| Q3 25 | $29.0M | $148.0M | ||
| Q2 25 | $25.2M | $307.0M | ||
| Q1 25 | $18.7M | $-159.0M | ||
| Q4 24 | $23.9M | $-60.0M | ||
| Q3 24 | $45.9M | $507.0M | ||
| Q2 24 | $46.1M | $340.0M | ||
| Q1 24 | $-5.6M | $338.0M |
毛利率GLPOVV
| Q4 25 | 11.9% | — | ||
| Q3 25 | 12.1% | — | ||
| Q2 25 | 13.1% | — | ||
| Q1 25 | 11.7% | — | ||
| Q4 24 | 13.0% | — | ||
| Q3 24 | 13.4% | — | ||
| Q2 24 | 12.6% | — | ||
| Q1 24 | 9.8% | — |
营业利润率GLPOVV
| Q4 25 | 2.6% | 21.2% | ||
| Q3 25 | 2.7% | 13.5% | ||
| Q2 25 | 2.9% | 23.1% | ||
| Q1 25 | 2.6% | -3.7% | ||
| Q4 24 | 2.8% | 0.1% | ||
| Q3 24 | 3.9% | 24.2% | ||
| Q2 24 | 3.7% | 25.4% | ||
| Q1 24 | 1.2% | 20.7% |
净利率GLPOVV
| Q4 25 | 1.1% | 46.1% | ||
| Q3 25 | 1.3% | 7.3% | ||
| Q2 25 | 1.2% | 13.9% | ||
| Q1 25 | 0.9% | -6.7% | ||
| Q4 24 | 1.2% | -2.7% | ||
| Q3 24 | 2.1% | 23.3% | ||
| Q2 24 | 2.0% | 15.5% | ||
| Q1 24 | -0.3% | 14.2% |
每股收益（稀释后）GLPOVV
| Q4 25 | — | $3.64 | ||
| Q3 25 | — | $0.57 | ||
| Q2 25 | — | $1.18 | ||
| Q1 25 | — | $-0.61 | ||
| Q4 24 | — | $-0.22 | ||
| Q3 24 | — | $1.92 | ||
| Q2 24 | — | $1.27 | ||
| Q1 24 | — | $1.24 |
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 | — | $280.0M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | — | $11.2B |
| 总资产 | $3.9B | $20.4B |
| 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GLPOVV
| Q4 25 | — | $280.0M | ||
| Q3 25 | — | $25.0M | ||
| Q2 25 | — | $20.0M | ||
| Q1 25 | — | $8.0M | ||
| Q4 24 | — | $42.0M | ||
| Q3 24 | — | $9.0M | ||
| Q2 24 | — | $8.0M | ||
| Q1 24 | — | $5.0M |
总债务GLPOVV
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $5.2B | ||
| Q2 25 | — | $5.3B | ||
| Q1 25 | — | $5.5B | ||
| Q4 24 | — | $5.5B | ||
| Q3 24 | — | $5.9B | ||
| Q2 24 | — | $6.1B | ||
| Q1 24 | — | $6.2B |
股东权益GLPOVV
| Q4 25 | — | $11.2B | ||
| Q3 25 | — | $10.2B | ||
| Q2 25 | — | $10.4B | ||
| Q1 25 | — | $10.1B | ||
| Q4 24 | — | $10.3B | ||
| Q3 24 | — | $10.7B | ||
| Q2 24 | — | $10.3B | ||
| Q1 24 | — | $10.3B |
总资产GLPOVV
| Q4 25 | $3.9B | $20.4B | ||
| Q3 25 | $3.7B | $19.4B | ||
| Q2 25 | $3.8B | $19.7B | ||
| Q1 25 | $3.8B | $19.6B | ||
| Q4 24 | $3.8B | $19.3B | ||
| Q3 24 | $3.7B | $19.9B | ||
| Q2 24 | $3.8B | $19.8B | ||
| Q1 24 | $3.5B | $19.8B |
负债/权益比GLPOVV
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 0.55× | ||
| Q4 24 | — | 0.53× | ||
| Q3 24 | — | 0.55× | ||
| Q2 24 | — | 0.59× | ||
| Q1 24 | — | 0.60× |
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 | $954.0M |
| 自由现金流经营现金流 - 资本支出 | $62.2M | $489.0M |
| 自由现金流率自由现金流/营收 | 2.8% | 23.8% |
| 资本支出强度资本支出/营收 | 1.8% | 22.6% |
| 现金转化率经营现金流/净利润 | 4.03× | 1.01× |
| 过去12个月自由现金流最近4个季度 | $193.3M | $1.5B |
8季度趋势，按日历期对齐
经营现金流GLPOVV
| Q4 25 | $101.0M | $954.0M | ||
| Q3 25 | $19.0M | $812.0M | ||
| Q2 25 | $216.3M | $1.0B | ||
| Q1 25 | $-51.6M | $873.0M | ||
| Q4 24 | $67.2M | $1.0B | ||
| Q3 24 | $122.7M | $1.0B | ||
| Q2 24 | $24.3M | $1.0B | ||
| Q1 24 | $-182.7M | $659.0M |
自由现金流GLPOVV
| Q4 25 | $62.2M | $489.0M | ||
| Q3 25 | $-678.0K | $268.0M | ||
| Q2 25 | $201.3M | $492.0M | ||
| Q1 25 | $-69.5M | $256.0M | ||
| Q4 24 | $20.4M | $468.0M | ||
| Q3 24 | $98.4M | $484.0M | ||
| Q2 24 | $8.7M | $398.0M | ||
| Q1 24 | $-199.3M | $68.0M |
自由现金流率GLPOVV
| Q4 25 | 2.8% | 23.8% | ||
| Q3 25 | -0.0% | 13.3% | ||
| Q2 25 | 9.7% | 22.2% | ||
| Q1 25 | -3.2% | 10.8% | ||
| Q4 24 | 1.0% | 21.4% | ||
| Q3 24 | 4.6% | 22.2% | ||
| Q2 24 | 0.4% | 18.1% | ||
| Q1 24 | -9.0% | 2.8% |
资本支出强度GLPOVV
| Q4 25 | 1.8% | 22.6% | ||
| Q3 25 | 0.9% | 26.9% | ||
| Q2 25 | 0.7% | 23.5% | ||
| Q1 25 | 0.8% | 26.0% | ||
| Q4 24 | 2.3% | 25.3% | ||
| Q3 24 | 1.1% | 24.7% | ||
| Q2 24 | 0.7% | 28.4% | ||
| Q1 24 | 0.8% | 24.8% |
现金转化率GLPOVV
| Q4 25 | 4.03× | 1.01× | ||
| Q3 25 | 0.66× | 5.49× | ||
| Q2 25 | 8.58× | 3.30× | ||
| Q1 25 | -2.76× | — | ||
| Q4 24 | 2.82× | — | ||
| Q3 24 | 2.67× | 2.02× | ||
| Q2 24 | 0.53× | 3.00× | ||
| Q1 24 | — | 1.95× |
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% |
OVV
| Product And Service Revenue | $1.7B | 84% |
| Sales Of Purchased Product | $338.0M | 16% |
