vs
GLOBAL PARTNERS LP（GLP）与Raymond James Financial（RJF）财务数据对比。点击上方公司名可切换其他公司
Raymond James Financial的季度营收约是GLOBAL PARTNERS LP的1.7倍（$3.9B vs $2.2B），Raymond James Financial净利率更高（14.1% vs 1.1%，领先13.0%），Raymond James Financial同比增速更快（13.0% vs 7.0%），过去两年Raymond James Financial的营收复合增速更高（1.3% 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。
雷蒙德詹姆斯金融是美国跨国独立投资银行及金融服务机构，通过旗下子公司为个人、企业及市政主体提供多元金融服务，核心业务覆盖投资与财务规划、投资银行、资产管理等领域，总部位于美国佛罗里达州圣彼得堡。
GLP vs RJF — 直观对比
营收规模更大
RJF
是对方的1.7倍
$2.2B
营收增速更快
RJF
高出6.0%
7.0%
净利率更高
RJF
高出13.0%
1.1%
两年增速更快
RJF
近两年复合增速
0.2%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $3.9B |
| 净利润 | $25.1M | $544.0M |
| 毛利率 | 11.9% | — |
| 营业利润率 | 2.6% | — |
| 净利率 | 1.1% | 14.1% |
| 营收同比 | 7.0% | 13.0% |
| 净利润同比 | 5.0% | 10.0% |
| 每股收益（稀释后） | — | $2.83 |
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GLPRJF
| Q1 26 | — | $3.9B | ||
| Q4 25 | $2.2B | $4.2B | ||
| Q3 25 | $2.2B | $4.2B | ||
| Q2 25 | $2.1B | $3.8B | ||
| Q1 25 | $2.2B | $3.8B | ||
| Q4 24 | $2.1B | $4.0B | ||
| Q3 24 | $2.1B | $4.0B | ||
| Q2 24 | $2.3B | $3.8B |
净利润GLPRJF
| Q1 26 | — | $544.0M | ||
| Q4 25 | $25.1M | $563.0M | ||
| Q3 25 | $29.0M | $604.0M | ||
| Q2 25 | $25.2M | $436.0M | ||
| Q1 25 | $18.7M | $495.0M | ||
| Q4 24 | $23.9M | $600.0M | ||
| Q3 24 | $45.9M | $602.0M | ||
| Q2 24 | $46.1M | $492.0M |
毛利率GLPRJF
| Q1 26 | — | — | ||
| 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% | — |
营业利润率GLPRJF
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | — | ||
| Q3 25 | 2.7% | — | ||
| Q2 25 | 2.9% | 14.7% | ||
| Q1 25 | 2.6% | 17.5% | ||
| Q4 24 | 2.8% | 18.6% | ||
| Q3 24 | 3.9% | — | ||
| Q2 24 | 3.7% | 17.1% |
净利率GLPRJF
| Q1 26 | — | 14.1% | ||
| Q4 25 | 1.1% | 13.5% | ||
| Q3 25 | 1.3% | 14.4% | ||
| Q2 25 | 1.2% | 11.3% | ||
| Q1 25 | 0.9% | 12.9% | ||
| Q4 24 | 1.2% | 14.9% | ||
| Q3 24 | 2.1% | 15.0% | ||
| Q2 24 | 2.0% | 13.1% |
每股收益（稀释后）GLPRJF
| Q1 26 | — | $2.83 | ||
| Q4 25 | — | $2.79 | ||
| Q3 25 | — | $2.96 | ||
| Q2 25 | — | $2.12 | ||
| Q1 25 | — | $2.36 | ||
| Q4 24 | — | $2.86 | ||
| Q3 24 | — | $2.85 | ||
| Q2 24 | — | $2.31 |
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 | — | $5.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $52.0M |
| 总资产 | $3.9B | $91.9B |
| 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GLPRJF
| Q1 26 | — | $5.4B | ||
| Q4 25 | — | $9.9B | ||
| Q3 25 | — | $11.4B | ||
| Q2 25 | — | $9.2B | ||
| Q1 25 | — | $9.7B | ||
| Q4 24 | — | $10.0B | ||
| Q3 24 | — | $11.0B | ||
| Q2 24 | — | $9.1B |
股东权益GLPRJF
| Q1 26 | — | $52.0M | ||
| Q4 25 | — | $12.6B | ||
| Q3 25 | — | $12.5B | ||
| Q2 25 | — | $12.3B | ||
| Q1 25 | — | $12.2B | ||
| Q4 24 | — | $11.9B | ||
| Q3 24 | — | $11.7B | ||
| Q2 24 | — | $11.2B |
总资产GLPRJF
| Q1 26 | — | $91.9B | ||
| Q4 25 | $3.9B | $88.8B | ||
| Q3 25 | $3.7B | $88.2B | ||
| Q2 25 | $3.8B | $84.8B | ||
| Q1 25 | $3.8B | $83.1B | ||
| Q4 24 | $3.8B | $82.3B | ||
| Q3 24 | $3.7B | $83.0B | ||
| Q2 24 | $3.8B | $80.6B |
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 | — |
| 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× | — |
| 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GLPRJF
| Q1 26 | — | — | ||
| Q4 25 | $101.0M | $-10.0M | ||
| Q3 25 | $19.0M | $796.0M | ||
| Q2 25 | $216.3M | $691.0M | ||
| Q1 25 | $-51.6M | $117.0M | ||
| Q4 24 | $67.2M | $830.0M | ||
| Q3 24 | $122.7M | $510.0M | ||
| Q2 24 | $24.3M | $711.0M |
自由现金流GLPRJF
| Q1 26 | — | — | ||
| Q4 25 | $62.2M | $-56.0M | ||
| Q3 25 | $-678.0K | $752.0M | ||
| Q2 25 | $201.3M | $634.0M | ||
| Q1 25 | $-69.5M | $71.0M | ||
| Q4 24 | $20.4M | $789.0M | ||
| Q3 24 | $98.4M | $460.0M | ||
| Q2 24 | $8.7M | $655.0M |
自由现金流率GLPRJF
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | -1.3% | ||
| Q3 25 | -0.0% | 17.9% | ||
| Q2 25 | 9.7% | 16.5% | ||
| Q1 25 | -3.2% | 1.8% | ||
| Q4 24 | 1.0% | 19.6% | ||
| Q3 24 | 4.6% | 11.5% | ||
| Q2 24 | 0.4% | 17.4% |
资本支出强度GLPRJF
| Q1 26 | — | — | ||
| Q4 25 | 1.8% | 1.1% | ||
| Q3 25 | 0.9% | 1.1% | ||
| Q2 25 | 0.7% | 1.5% | ||
| Q1 25 | 0.8% | 1.2% | ||
| Q4 24 | 2.3% | 1.0% | ||
| Q3 24 | 1.1% | 1.2% | ||
| Q2 24 | 0.7% | 1.5% |
现金转化率GLPRJF
| Q1 26 | — | — | ||
| Q4 25 | 4.03× | -0.02× | ||
| Q3 25 | 0.66× | 1.32× | ||
| Q2 25 | 8.58× | 1.58× | ||
| Q1 25 | -2.76× | 0.24× | ||
| Q4 24 | 2.82× | 1.38× | ||
| Q3 24 | 2.67× | 0.85× | ||
| Q2 24 | 0.53× | 1.45× |
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% |
RJF
| Private Client Group | $2.8B | 73% |
| Bank | $486.0M | 13% |
| Capital Markets | $464.0M | 12% |
| Other | $99.0M | 3% |
