vs
GLOBAL PARTNERS LP（GLP）与Primo Brands Corp（PRMB）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Primo Brands Corp的1.4倍（$2.2B vs $1.6B），GLOBAL PARTNERS LP净利率更高（1.1% vs -0.8%，领先2.0%），GLOBAL PARTNERS LP自由现金流更多（$62.2M vs $57.3M）
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。
Primo Brands Corp是一家美加合资饮用水企业，主营多规格桶装水、饮水机、自助补水设备及净水家电，总部位于美国佛罗里达州坦帕市，服务覆盖美国、加拿大、欧洲及以色列的住宅与商业客户。
GLP vs PRMB — 直观对比
营收规模更大
GLP
是对方的1.4倍
$1.6B
净利率更高
GLP
高出2.0%
-0.8%
自由现金流更多
GLP
多$4.9M
$57.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.6B |
| 净利润 | $25.1M | $-13.0M |
| 毛利率 | 11.9% | 27.7% |
| 营业利润率 | 2.6% | 1.2% |
| 净利率 | 1.1% | -0.8% |
| 营收同比 | 7.0% | — |
| 净利润同比 | 5.0% | — |
| 每股收益（稀释后） | — | $-0.03 |
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GLPPRMB
| Q4 25 | $2.2B | $1.6B | ||
| Q3 25 | $2.2B | $1.8B | ||
| Q2 25 | $2.1B | $1.7B | ||
| Q1 25 | $2.2B | $1.6B | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.1B | $0 | ||
| Q2 24 | $2.3B | $1.3B | ||
| Q1 24 | $2.2B | $1.1B |
净利润GLPPRMB
| Q4 25 | $25.1M | $-13.0M | ||
| Q3 25 | $29.0M | $16.8M | ||
| Q2 25 | $25.2M | $27.6M | ||
| Q1 25 | $18.7M | $28.7M | ||
| Q4 24 | $23.9M | — | ||
| Q3 24 | $45.9M | $-2.0K | ||
| Q2 24 | $46.1M | $54.5M | ||
| Q1 24 | $-5.6M | $33.5M |
毛利率GLPPRMB
| Q4 25 | 11.9% | 27.7% | ||
| Q3 25 | 12.1% | 29.9% | ||
| Q2 25 | 13.1% | 31.3% | ||
| Q1 25 | 11.7% | 32.3% | ||
| Q4 24 | 13.0% | — | ||
| Q3 24 | 13.4% | — | ||
| Q2 24 | 12.6% | 32.7% | ||
| Q1 24 | 9.8% | 30.4% |
营业利润率GLPPRMB
| Q4 25 | 2.6% | 1.2% | ||
| Q3 25 | 2.7% | 8.3% | ||
| Q2 25 | 2.9% | 6.5% | ||
| Q1 25 | 2.6% | 9.5% | ||
| Q4 24 | 2.8% | — | ||
| Q3 24 | 3.9% | — | ||
| Q2 24 | 3.7% | 12.1% | ||
| Q1 24 | 1.2% | 11.0% |
净利率GLPPRMB
| Q4 25 | 1.1% | -0.8% | ||
| Q3 25 | 1.3% | 1.0% | ||
| Q2 25 | 1.2% | 1.6% | ||
| Q1 25 | 0.9% | 1.8% | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 2.0% | 4.1% | ||
| Q1 24 | -0.3% | 2.9% |
每股收益（稀释后）GLPPRMB
| Q4 25 | — | $-0.03 | ||
| Q3 25 | — | $0.04 | ||
| Q2 25 | — | $0.07 | ||
| Q1 25 | — | $0.08 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-20.00 | ||
| Q2 24 | — | $0.25 | ||
| Q1 24 | — | $0.15 |
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 | — | $376.7M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | — | $3.0B |
| 总资产 | $3.9B | $10.6B |
| 负债/权益比越低杠杆越低 | — | 1.72× |
8季度趋势，按日历期对齐
现金及短期投资GLPPRMB
| Q4 25 | — | $376.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务GLPPRMB
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益GLPPRMB
| Q4 25 | — | $3.0B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | — | $3.3B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-2.0K | ||
| Q2 24 | — | $-296.8M | ||
| Q1 24 | — | $-349.8M |
总资产GLPPRMB
| Q4 25 | $3.9B | $10.6B | ||
| Q3 25 | $3.7B | $11.0B | ||
| Q2 25 | $3.8B | $11.0B | ||
| Q1 25 | $3.8B | $11.0B | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $3.7B | $0 | ||
| Q2 24 | $3.8B | — | ||
| Q1 24 | $3.5B | — |
负债/权益比GLPPRMB
| Q4 25 | — | 1.72× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | — | 1.57× | ||
| Q1 25 | — | 1.51× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $203.1M |
| 自由现金流经营现金流 - 资本支出 | $62.2M | $57.3M |
| 自由现金流率自由现金流/营收 | 2.8% | 3.7% |
| 资本支出强度资本支出/营收 | 1.8% | 9.4% |
| 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 | $302.9M |
8季度趋势，按日历期对齐
经营现金流GLPPRMB
| Q4 25 | $101.0M | $203.1M | ||
| Q3 25 | $19.0M | $283.4M | ||
| Q2 25 | $216.3M | $155.0M | ||
| Q1 25 | $-51.6M | $38.8M | ||
| Q4 24 | $67.2M | — | ||
| Q3 24 | $122.7M | $0 | ||
| Q2 24 | $24.3M | $102.5M | ||
| Q1 24 | $-182.7M | $6.0M |
自由现金流GLPPRMB
| Q4 25 | $62.2M | $57.3M | ||
| Q3 25 | $-678.0K | $167.7M | ||
| Q2 25 | $201.3M | $101.1M | ||
| Q1 25 | $-69.5M | $-23.2M | ||
| Q4 24 | $20.4M | — | ||
| Q3 24 | $98.4M | — | ||
| Q2 24 | $8.7M | $61.4M | ||
| Q1 24 | $-199.3M | $-17.5M |
自由现金流率GLPPRMB
| Q4 25 | 2.8% | 3.7% | ||
| Q3 25 | -0.0% | 9.5% | ||
| Q2 25 | 9.7% | 5.8% | ||
| Q1 25 | -3.2% | -1.4% | ||
| Q4 24 | 1.0% | — | ||
| Q3 24 | 4.6% | — | ||
| Q2 24 | 0.4% | 4.7% | ||
| Q1 24 | -9.0% | -1.5% |
资本支出强度GLPPRMB
| Q4 25 | 1.8% | 9.4% | ||
| Q3 25 | 0.9% | 6.6% | ||
| Q2 25 | 0.7% | 3.1% | ||
| Q1 25 | 0.8% | 3.8% | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 1.1% | — | ||
| Q2 24 | 0.7% | 3.1% | ||
| Q1 24 | 0.8% | 2.1% |
现金转化率GLPPRMB
| Q4 25 | 4.03× | — | ||
| Q3 25 | 0.66× | 16.87× | ||
| Q2 25 | 8.58× | 5.62× | ||
| Q1 25 | -2.76× | 1.35× | ||
| Q4 24 | 2.82× | — | ||
| Q3 24 | 2.67× | — | ||
| Q2 24 | 0.53× | 1.88× | ||
| Q1 24 | — | 0.18× |
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% |
PRMB
| Regional Spring Water | $765.1M | 49% |
| Purified Water | $484.5M | 31% |
| Other | $188.4M | 12% |
| Premium Water | $90.3M | 6% |
| Other Water | $25.8M | 2% |
