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GLOBAL PARTNERS LP（GLP）与Regions Financial Corporation（RF）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Regions Financial Corporation的1.7倍（$2.2B vs $1.3B），Regions Financial Corporation净利率更高（41.7% vs 1.1%，领先40.6%），GLOBAL PARTNERS LP同比增速更快（7.0% vs 4.1%），过去两年Regions Financial Corporation的营收复合增速更高（4.0% 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。
Regions Financial Corporation是美国银行控股企业，总部位于阿拉巴马州伯明翰市。公司提供零售及商业银行、信托、股票经纪、抵押贷款等服务，旗下银行业务子公司Regions Bank在美国南部和中西部15个州运营约1300家营业网点和2000台自动柜员机，服务大量当地个人及企业客户。
GLP vs RF — 直观对比
营收规模更大
GLP
是对方的1.7倍
$1.3B
营收增速更快
GLP
高出2.8%
4.1%
净利率更高
RF
高出40.6%
1.1%
两年增速更快
RF
近两年复合增速
0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.3B |
| 净利润 | $25.1M | $534.0M |
| 毛利率 | 11.9% | — |
| 营业利润率 | 2.6% | 55.3% |
| 净利率 | 1.1% | 41.7% |
| 营收同比 | 7.0% | 4.1% |
| 净利润同比 | 5.0% | 0.0% |
| 每股收益（稀释后） | — | $0.59 |
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GLPRF
| Q4 25 | $2.2B | $1.3B | ||
| Q3 25 | $2.2B | $1.3B | ||
| Q2 25 | $2.1B | $1.3B | ||
| Q1 25 | $2.2B | $1.2B | ||
| Q4 24 | $2.1B | $1.2B | ||
| Q3 24 | $2.1B | $1.2B | ||
| Q2 24 | $2.3B | $1.2B | ||
| Q1 24 | $2.2B | $1.2B |
净利润GLPRF
| Q4 25 | $25.1M | $534.0M | ||
| Q3 25 | $29.0M | $569.0M | ||
| Q2 25 | $25.2M | $563.0M | ||
| Q1 25 | $18.7M | $490.0M | ||
| Q4 24 | $23.9M | $534.0M | ||
| Q3 24 | $45.9M | $490.0M | ||
| Q2 24 | $46.1M | $501.0M | ||
| Q1 24 | $-5.6M | $368.0M |
毛利率GLPRF
| 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GLPRF
| Q4 25 | 2.6% | 55.3% | ||
| Q3 25 | 2.7% | 56.3% | ||
| Q2 25 | 2.9% | 56.1% | ||
| Q1 25 | 2.6% | 52.0% | ||
| Q4 24 | 2.8% | 53.4% | ||
| Q3 24 | 3.9% | 49.9% | ||
| Q2 24 | 3.7% | 52.7% | ||
| Q1 24 | 1.2% | 39.2% |
净利率GLPRF
| Q4 25 | 1.1% | 41.7% | ||
| Q3 25 | 1.3% | 45.3% | ||
| Q2 25 | 1.2% | 44.7% | ||
| Q1 25 | 0.9% | 41.0% | ||
| Q4 24 | 1.2% | 43.4% | ||
| Q3 24 | 2.1% | 40.2% | ||
| Q2 24 | 2.0% | 42.2% | ||
| Q1 24 | -0.3% | 31.1% |
每股收益（稀释后）GLPRF
| Q4 25 | — | $0.59 | ||
| Q3 25 | — | $0.61 | ||
| Q2 25 | — | $0.59 | ||
| Q1 25 | — | $0.51 | ||
| Q4 24 | — | $0.55 | ||
| Q3 24 | — | $0.49 | ||
| Q2 24 | — | $0.52 | ||
| Q1 24 | — | $0.37 |
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 | — | $4.1B |
| 股东权益账面价值 | — | $19.0B |
| 总资产 | $3.9B | $158.8B |
| 负债/权益比越低杠杆越低 | — | 0.22× |
8季度趋势，按日历期对齐
总债务GLPRF
| Q4 25 | — | $4.1B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | — | $5.3B | ||
| Q1 25 | — | $6.0B | ||
| Q4 24 | — | $6.0B | ||
| Q3 24 | — | $6.0B | ||
| Q2 24 | — | $5.1B | ||
| Q1 24 | — | $3.3B |
股东权益GLPRF
| Q4 25 | — | $19.0B | ||
| Q3 25 | — | $19.0B | ||
| Q2 25 | — | $18.7B | ||
| Q1 25 | — | $18.5B | ||
| Q4 24 | — | $17.9B | ||
| Q3 24 | — | $18.7B | ||
| Q2 24 | — | $17.2B | ||
| Q1 24 | — | $17.0B |
总资产GLPRF
| Q4 25 | $3.9B | $158.8B | ||
| Q3 25 | $3.7B | $159.9B | ||
| Q2 25 | $3.8B | $159.2B | ||
| Q1 25 | $3.8B | $159.8B | ||
| Q4 24 | $3.8B | $157.3B | ||
| Q3 24 | $3.7B | $157.4B | ||
| Q2 24 | $3.8B | $154.1B | ||
| Q1 24 | $3.5B | $154.9B |
负债/权益比GLPRF
| Q4 25 | — | 0.22× | ||
| Q3 25 | — | 0.25× | ||
| Q2 25 | — | 0.28× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.34× | ||
| Q3 24 | — | 0.32× | ||
| Q2 24 | — | 0.30× | ||
| Q1 24 | — | 0.20× |
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 | $-319.0M |
| 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% | — |
| 现金转化率经营现金流/净利润 | 4.03× | -0.60× |
| 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GLPRF
| Q4 25 | $101.0M | $-319.0M | ||
| Q3 25 | $19.0M | $861.0M | ||
| Q2 25 | $216.3M | $573.0M | ||
| Q1 25 | $-51.6M | $1.1B | ||
| Q4 24 | $67.2M | $-220.0M | ||
| Q3 24 | $122.7M | $1.3B | ||
| Q2 24 | $24.3M | $161.0M | ||
| Q1 24 | $-182.7M | $396.0M |
自由现金流GLPRF
| 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 | — | ||
| Q1 24 | $-199.3M | — |
自由现金流率GLPRF
| 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% | — | ||
| Q1 24 | -9.0% | — |
资本支出强度GLPRF
| 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% | — | ||
| Q1 24 | 0.8% | — |
现金转化率GLPRF
| Q4 25 | 4.03× | -0.60× | ||
| Q3 25 | 0.66× | 1.51× | ||
| Q2 25 | 8.58× | 1.02× | ||
| Q1 25 | -2.76× | 2.18× | ||
| Q4 24 | 2.82× | -0.41× | ||
| Q3 24 | 2.67× | 2.57× | ||
| Q2 24 | 0.53× | 0.32× | ||
| Q1 24 | — | 1.08× |
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% |
RF
| Consumer Bank | $747.0M | 58% |
| Corporate Bank | $487.0M | 38% |
| Wealth Management | $47.0M | 4% |
