vs
GLOBAL PARTNERS LP（GLP）与罗致恒富（RHI）财务数据对比。点击上方公司名可切换其他公司
GLOBAL PARTNERS LP的季度营收约是罗致恒富的1.7倍（$2.2B vs $1.3B），GLOBAL PARTNERS LP同比增速更快（7.0% vs -5.8%），罗致恒富自由现金流更多（$170.8M vs $62.2M），过去两年GLOBAL PARTNERS LP的营收复合增速更高（0.2% vs -6.1%）
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。
罗致恒富是1948年成立的国际人力资源咨询机构，总部位于加利福尼亚州门洛帕克和圣拉蒙，是全球规模领先的会计与金融领域人才派遣服务商之一，在全球范围内设有超过345个办公点。
GLP vs RHI — 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12.8%
-5.8%
自由现金流更多
RHI
多$108.5M
$62.2M
两年增速更快
GLP
近两年复合增速
-6.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.3B |
| 净利润 | $25.1M | — |
| 毛利率 | 11.9% | 37.6% |
| 营业利润率 | 2.6% | 1.7% |
| 净利率 | 1.1% | — |
| 营收同比 | 7.0% | -5.8% |
| 净利润同比 | 5.0% | — |
| 每股收益（稀释后） | — | $0.32 |
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GLPRHI
| Q4 25 | $2.2B | $1.3B | ||
| Q3 25 | $2.2B | $1.4B | ||
| Q2 25 | $2.1B | $1.4B | ||
| Q1 25 | $2.2B | $1.4B | ||
| Q4 24 | $2.1B | $1.4B | ||
| Q3 24 | $2.1B | $1.5B | ||
| Q2 24 | $2.3B | $1.5B | ||
| Q1 24 | $2.2B | $1.5B |
净利润GLPRHI
| Q4 25 | $25.1M | — | ||
| Q3 25 | $29.0M | $42.9M | ||
| Q2 25 | $25.2M | $41.0M | ||
| Q1 25 | $18.7M | $17.4M | ||
| Q4 24 | $23.9M | — | ||
| Q3 24 | $45.9M | $65.5M | ||
| Q2 24 | $46.1M | $68.2M | ||
| Q1 24 | $-5.6M | $63.7M |
毛利率GLPRHI
| Q4 25 | 11.9% | 37.6% | ||
| Q3 25 | 12.1% | 37.2% | ||
| Q2 25 | 13.1% | 37.2% | ||
| Q1 25 | 11.7% | 36.9% | ||
| Q4 24 | 13.0% | 38.8% | ||
| Q3 24 | 13.4% | 39.0% | ||
| Q2 24 | 12.6% | 39.2% | ||
| Q1 24 | 9.8% | 38.1% |
营业利润率GLPRHI
| Q4 25 | 2.6% | 1.7% | ||
| Q3 25 | 2.7% | 1.0% | ||
| Q2 25 | 2.9% | 0.1% | ||
| Q1 25 | 2.6% | 2.9% | ||
| Q4 24 | 2.8% | 4.7% | ||
| Q3 24 | 3.9% | 4.1% | ||
| Q2 24 | 3.7% | 5.1% | ||
| Q1 24 | 1.2% | 2.8% |
净利率GLPRHI
| Q4 25 | 1.1% | — | ||
| Q3 25 | 1.3% | 3.2% | ||
| Q2 25 | 1.2% | 3.0% | ||
| Q1 25 | 0.9% | 1.3% | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | 2.1% | 4.5% | ||
| Q2 24 | 2.0% | 4.6% | ||
| Q1 24 | -0.3% | 4.3% |
每股收益（稀释后）GLPRHI
| Q4 25 | — | $0.32 | ||
| Q3 25 | — | $0.43 | ||
| Q2 25 | — | $0.41 | ||
| Q1 25 | — | $0.17 | ||
| Q4 24 | — | $0.53 | ||
| Q3 24 | — | $0.64 | ||
| Q2 24 | — | $0.66 | ||
| Q1 24 | — | $0.61 |
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 | — | $464.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $1.3B |
| 总资产 | $3.9B | $2.9B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资GLPRHI
| Q4 25 | — | $464.4M | ||
| Q3 25 | — | $365.3M | ||
| Q2 25 | — | $380.5M | ||
| Q1 25 | — | $342.5M | ||
| Q4 24 | — | $537.6M | ||
| Q3 24 | — | $570.5M | ||
| Q2 24 | — | $547.4M | ||
| Q1 24 | — | $540.9M |
股东权益GLPRHI
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.5B |
总资产GLPRHI
| Q4 25 | $3.9B | $2.9B | ||
| Q3 25 | $3.7B | $2.8B | ||
| Q2 25 | $3.8B | $2.8B | ||
| Q1 25 | $3.8B | $2.7B | ||
| Q4 24 | $3.8B | $2.9B | ||
| Q3 24 | $3.7B | $3.0B | ||
| Q2 24 | $3.8B | $2.9B | ||
| Q1 24 | $3.5B | $2.9B |
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 | $182.5M |
| 自由现金流经营现金流 - 资本支出 | $62.2M | $170.8M |
| 自由现金流率自由现金流/营收 | 2.8% | 13.1% |
| 资本支出强度资本支出/营收 | 1.8% | 0.9% |
| 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 | $266.8M |
8季度趋势，按日历期对齐
经营现金流GLPRHI
| Q4 25 | $101.0M | $182.5M | ||
| Q3 25 | $19.0M | $77.4M | ||
| Q2 25 | $216.3M | $119.4M | ||
| Q1 25 | $-51.6M | $-59.3M | ||
| Q4 24 | $67.2M | $154.8M | ||
| Q3 24 | $122.7M | $129.6M | ||
| Q2 24 | $24.3M | $142.0M | ||
| Q1 24 | $-182.7M | $-15.9M |
自由现金流GLPRHI
| Q4 25 | $62.2M | $170.8M | ||
| Q3 25 | $-678.0K | $63.6M | ||
| Q2 25 | $201.3M | $104.2M | ||
| Q1 25 | $-69.5M | $-71.7M | ||
| Q4 24 | $20.4M | $140.5M | ||
| Q3 24 | $98.4M | $111.8M | ||
| Q2 24 | $8.7M | $129.6M | ||
| Q1 24 | $-199.3M | $-27.7M |
自由现金流率GLPRHI
| Q4 25 | 2.8% | 13.1% | ||
| Q3 25 | -0.0% | 4.7% | ||
| Q2 25 | 9.7% | 7.6% | ||
| Q1 25 | -3.2% | -5.3% | ||
| Q4 24 | 1.0% | 10.2% | ||
| Q3 24 | 4.6% | 7.6% | ||
| Q2 24 | 0.4% | 8.8% | ||
| Q1 24 | -9.0% | -1.9% |
资本支出强度GLPRHI
| Q4 25 | 1.8% | 0.9% | ||
| Q3 25 | 0.9% | 1.0% | ||
| Q2 25 | 0.7% | 1.1% | ||
| Q1 25 | 0.8% | 0.9% | ||
| Q4 24 | 2.3% | 1.0% | ||
| Q3 24 | 1.1% | 1.2% | ||
| Q2 24 | 0.7% | 0.8% | ||
| Q1 24 | 0.8% | 0.8% |
现金转化率GLPRHI
| Q4 25 | 4.03× | — | ||
| Q3 25 | 0.66× | 1.80× | ||
| Q2 25 | 8.58× | 2.91× | ||
| Q1 25 | -2.76× | -3.42× | ||
| Q4 24 | 2.82× | — | ||
| Q3 24 | 2.67× | 1.98× | ||
| Q2 24 | 0.53× | 2.08× | ||
| Q1 24 | — | -0.25× |
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% |
RHI
| Finance And Accounting | $535.2M | 41% |
| Protiviti | $479.0M | 37% |
| Technology | $156.4M | 12% |
| Permanent Placement Talent Solutions | $102.6M | 8% |
| Other | $29.2M | 2% |
