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GLOBAL PARTNERS LP（GLP）与Rivian Automotive, Inc.（RIVN）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Rivian Automotive, Inc.的1.7倍（$2.2B vs $1.3B），GLOBAL PARTNERS LP净利率更高（1.1% vs -63.1%，领先64.2%），GLOBAL PARTNERS LP同比增速更快（7.0% vs -25.8%），GLOBAL PARTNERS LP自由现金流更多（$62.2M vs $-1.1B），过去两年Rivian Automotive, Inc.的营收复合增速更高（3.3% 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。
Rivian Automotive是2009年成立的美国电动汽车制造商及汽车科技企业，主打基于自研滑板平台打造的电动SUV、皮卡及EDV电动配送货车，旗下R1T皮卡于2021年末正式开启交付，还计划于2023年底前在美国和加拿大布局专属充电网络，其平台可适配新车型也可对外授权使用。
GLP vs RIVN — 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32.8%
-25.8%
净利率更高
GLP
高出64.2%
-63.1%
自由现金流更多
GLP
多$1.2B
$-1.1B
两年增速更快
RIVN
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 | $-811.0M |
| 毛利率 | 11.9% | 9.3% |
| 营业利润率 | 2.6% | -64.8% |
| 净利率 | 1.1% | -63.1% |
| 营收同比 | 7.0% | -25.8% |
| 净利润同比 | 5.0% | -9.0% |
| 每股收益（稀释后） | — | $-0.66 |
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GLPRIVN
| Q4 25 | $2.2B | $1.3B | ||
| Q3 25 | $2.2B | $1.6B | ||
| Q2 25 | $2.1B | $1.3B | ||
| Q1 25 | $2.2B | $1.2B | ||
| Q4 24 | $2.1B | $1.7B | ||
| Q3 24 | $2.1B | $874.0M | ||
| Q2 24 | $2.3B | $1.2B | ||
| Q1 24 | $2.2B | $1.2B |
净利润GLPRIVN
| Q4 25 | $25.1M | $-811.0M | ||
| Q3 25 | $29.0M | $-1.2B | ||
| Q2 25 | $25.2M | $-1.1B | ||
| Q1 25 | $18.7M | $-545.0M | ||
| Q4 24 | $23.9M | $-744.0M | ||
| Q3 24 | $45.9M | $-1.1B | ||
| Q2 24 | $46.1M | $-1.5B | ||
| Q1 24 | $-5.6M | $-1.4B |
毛利率GLPRIVN
| Q4 25 | 11.9% | 9.3% | ||
| Q3 25 | 12.1% | 1.5% | ||
| Q2 25 | 13.1% | -15.8% | ||
| Q1 25 | 11.7% | 16.6% | ||
| Q4 24 | 13.0% | 9.8% | ||
| Q3 24 | 13.4% | -44.9% | ||
| Q2 24 | 12.6% | -38.9% | ||
| Q1 24 | 9.8% | -43.8% |
营业利润率GLPRIVN
| Q4 25 | 2.6% | -64.8% | ||
| Q3 25 | 2.7% | -63.1% | ||
| Q2 25 | 2.9% | -85.5% | ||
| Q1 25 | 2.6% | -52.8% | ||
| Q4 24 | 2.8% | -38.1% | ||
| Q3 24 | 3.9% | -133.8% | ||
| Q2 24 | 3.7% | -118.7% | ||
| Q1 24 | 1.2% | -123.3% |
净利率GLPRIVN
| Q4 25 | 1.1% | -63.1% | ||
| Q3 25 | 1.3% | -75.3% | ||
| Q2 25 | 1.2% | -85.7% | ||
| Q1 25 | 0.9% | -44.0% | ||
| Q4 24 | 1.2% | -42.9% | ||
| Q3 24 | 2.1% | -125.9% | ||
| Q2 24 | 2.0% | -125.8% | ||
| Q1 24 | -0.3% | -120.1% |
每股收益（稀释后）GLPRIVN
| Q4 25 | — | $-0.66 | ||
| Q3 25 | — | $-0.96 | ||
| Q2 25 | — | $-0.97 | ||
| Q1 25 | — | $-0.48 | ||
| Q4 24 | — | $-0.67 | ||
| Q3 24 | — | $-1.08 | ||
| Q2 24 | — | $-1.46 | ||
| Q1 24 | — | $-1.48 |
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 | — | $6.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $4.6B |
| 总资产 | $3.9B | $14.9B |
| 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GLPRIVN
| Q4 25 | — | $6.1B | ||
| Q3 25 | — | $7.1B | ||
| Q2 25 | — | $7.5B | ||
| Q1 25 | — | $7.2B | ||
| Q4 24 | — | $7.7B | ||
| Q3 24 | — | $6.7B | ||
| Q2 24 | — | $7.9B | ||
| Q1 24 | — | $7.9B |
总债务GLPRIVN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $5.5B | ||
| Q1 24 | — | $4.4B |
股东权益GLPRIVN
| Q4 25 | — | $4.6B | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | — | $6.1B | ||
| Q1 25 | — | $6.2B | ||
| Q4 24 | — | $6.6B | ||
| Q3 24 | — | $5.9B | ||
| Q2 24 | — | $6.8B | ||
| Q1 24 | — | $8.1B |
总资产GLPRIVN
| Q4 25 | $3.9B | $14.9B | ||
| Q3 25 | $3.7B | $15.2B | ||
| Q2 25 | $3.8B | $15.6B | ||
| Q1 25 | $3.8B | $15.5B | ||
| Q4 24 | $3.8B | $15.4B | ||
| Q3 24 | $3.7B | $14.3B | ||
| Q2 24 | $3.8B | $15.4B | ||
| Q1 24 | $3.5B | $15.7B |
负债/权益比GLPRIVN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.81× | ||
| Q1 24 | — | 0.55× |
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 | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $62.2M | $-1.1B |
| 自由现金流率自由现金流/营收 | 2.8% | -89.0% |
| 资本支出强度资本支出/营收 | 1.8% | 36.0% |
| 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 | $-2.5B |
8季度趋势，按日历期对齐
经营现金流GLPRIVN
| Q4 25 | $101.0M | $-681.0M | ||
| Q3 25 | $19.0M | $26.0M | ||
| Q2 25 | $216.3M | $64.0M | ||
| Q1 25 | $-51.6M | $-188.0M | ||
| Q4 24 | $67.2M | $1.2B | ||
| Q3 24 | $122.7M | $-876.0M | ||
| Q2 24 | $24.3M | $-754.0M | ||
| Q1 24 | $-182.7M | $-1.3B |
自由现金流GLPRIVN
| Q4 25 | $62.2M | $-1.1B | ||
| Q3 25 | $-678.0K | $-421.0M | ||
| Q2 25 | $201.3M | $-398.0M | ||
| Q1 25 | $-69.5M | $-526.0M | ||
| Q4 24 | $20.4M | $856.0M | ||
| Q3 24 | $98.4M | $-1.2B | ||
| Q2 24 | $8.7M | $-1.0B | ||
| Q1 24 | $-199.3M | $-1.5B |
自由现金流率GLPRIVN
| Q4 25 | 2.8% | -89.0% | ||
| Q3 25 | -0.0% | -27.0% | ||
| Q2 25 | 9.7% | -30.5% | ||
| Q1 25 | -3.2% | -42.4% | ||
| Q4 24 | 1.0% | 49.4% | ||
| Q3 24 | 4.6% | -131.9% | ||
| Q2 24 | 0.4% | -89.6% | ||
| Q1 24 | -9.0% | -126.5% |
资本支出强度GLPRIVN
| Q4 25 | 1.8% | 36.0% | ||
| Q3 25 | 0.9% | 28.7% | ||
| Q2 25 | 0.7% | 35.5% | ||
| Q1 25 | 0.8% | 27.3% | ||
| Q4 24 | 2.3% | 18.9% | ||
| Q3 24 | 1.1% | 31.7% | ||
| Q2 24 | 0.7% | 24.4% | ||
| Q1 24 | 0.8% | 21.1% |
现金转化率GLPRIVN
| Q4 25 | 4.03× | — | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 8.58× | — | ||
| Q1 25 | -2.76× | — | ||
| Q4 24 | 2.82× | — | ||
| Q3 24 | 2.67× | — | ||
| Q2 24 | 0.53× | — | ||
| Q1 24 | — | — |
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% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
