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GLOBAL PARTNERS LP（GLP）与Rocket Companies, Inc.（RKT）财务数据对比。点击上方公司名可切换其他公司
Rocket Companies, Inc.的季度营收约是GLOBAL PARTNERS LP的1.2倍（$2.7B vs $2.2B），Rocket Companies, Inc.净利率更高（2.5% vs 1.1%，领先1.4%），Rocket Companies, Inc.同比增速更快（52.2% vs 7.0%），GLOBAL PARTNERS LP自由现金流更多（$62.2M vs $-1.3B），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% 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。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
GLP vs RKT — 直观对比
营收规模更大
RKT
是对方的1.2倍
$2.2B
营收增速更快
RKT
高出45.2%
7.0%
净利率更高
RKT
高出1.4%
1.1%
自由现金流更多
GLP
多$1.3B
$-1.3B
两年增速更快
RKT
近两年复合增速
0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $2.7B |
| 净利润 | $25.1M | $68.0M |
| 毛利率 | 11.9% | — |
| 营业利润率 | 2.6% | 6.3% |
| 净利率 | 1.1% | 2.5% |
| 营收同比 | 7.0% | 52.2% |
| 净利润同比 | 5.0% | 100.8% |
| 每股收益（稀释后） | — | $0.10 |
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GLPRKT
| Q4 25 | $2.2B | $2.7B | ||
| Q3 25 | $2.2B | $1.6B | ||
| Q2 25 | $2.1B | $1.4B | ||
| Q1 25 | $2.2B | $1.0B | ||
| Q4 24 | $2.1B | $1.8B | ||
| Q3 24 | $2.1B | $646.9M | ||
| Q2 24 | $2.3B | $1.3B | ||
| Q1 24 | $2.2B | $1.4B |
净利润GLPRKT
| Q4 25 | $25.1M | $68.0M | ||
| Q3 25 | $29.0M | $-123.9M | ||
| Q2 25 | $25.2M | $-1.8M | ||
| Q1 25 | $18.7M | $-10.4M | ||
| Q4 24 | $23.9M | $33.9M | ||
| Q3 24 | $45.9M | $-22.0M | ||
| Q2 24 | $46.1M | $1.3M | ||
| Q1 24 | $-5.6M | $16.2M |
毛利率GLPRKT
| Q4 25 | 11.9% | — | ||
| Q3 25 | 12.1% | — | ||
| Q2 25 | 13.1% | — | ||
| Q1 25 | 11.7% | — | ||
| Q4 24 | 13.0% | 58.9% | ||
| Q3 24 | 13.4% | -8.4% | ||
| Q2 24 | 12.6% | 47.4% | ||
| Q1 24 | 9.8% | 51.2% |
营业利润率GLPRKT
| Q4 25 | 2.6% | 6.3% | ||
| Q3 25 | 2.7% | -11.5% | ||
| Q2 25 | 2.9% | 1.8% | ||
| Q1 25 | 2.6% | -21.5% | ||
| Q4 24 | 2.8% | 38.1% | ||
| Q3 24 | 3.9% | -76.9% | ||
| Q2 24 | 3.7% | 14.8% | ||
| Q1 24 | 1.2% | 21.6% |
净利率GLPRKT
| Q4 25 | 1.1% | 2.5% | ||
| Q3 25 | 1.3% | -7.7% | ||
| Q2 25 | 1.2% | -0.1% | ||
| Q1 25 | 0.9% | -1.0% | ||
| Q4 24 | 1.2% | 1.9% | ||
| Q3 24 | 2.1% | -3.4% | ||
| Q2 24 | 2.0% | 0.1% | ||
| Q1 24 | -0.3% | 1.2% |
每股收益（稀释后）GLPRKT
| Q4 25 | — | $0.10 | ||
| Q3 25 | — | $-0.06 | ||
| Q2 25 | — | $-0.01 | ||
| Q1 25 | — | $-0.08 | ||
| Q4 24 | — | $0.28 | ||
| Q3 24 | — | $-0.19 | ||
| Q2 24 | — | $0.01 | ||
| Q1 24 | — | $0.11 |
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 | — | $2.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $22.9B |
| 总资产 | $3.9B | $60.7B |
| 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GLPRKT
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $5.8B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $861.4M |
股东权益GLPRKT
| Q4 25 | — | $22.9B | ||
| Q3 25 | — | $8.9B | ||
| Q2 25 | — | $7.4B | ||
| Q1 25 | — | $8.6B | ||
| Q4 24 | — | $9.0B | ||
| Q3 24 | — | $8.4B | ||
| Q2 24 | — | $8.8B | ||
| Q1 24 | — | $8.6B |
总资产GLPRKT
| Q4 25 | $3.9B | $60.7B | ||
| Q3 25 | $3.7B | $33.6B | ||
| Q2 25 | $3.8B | $30.4B | ||
| Q1 25 | $3.8B | $25.3B | ||
| Q4 24 | $3.8B | $24.5B | ||
| Q3 24 | $3.7B | $25.1B | ||
| Q2 24 | $3.8B | $23.6B | ||
| Q1 24 | $3.5B | $22.2B |
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 | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | $62.2M | $-1.3B |
| 自由现金流率自由现金流/营收 | 2.8% | -47.2% |
| 资本支出强度资本支出/营收 | 1.8% | 1.5% |
| 现金转化率经营现金流/净利润 | 4.03× | -18.08× |
| 过去12个月自由现金流最近4个季度 | $193.3M | $-4.0B |
8季度趋势，按日历期对齐
经营现金流GLPRKT
| Q4 25 | $101.0M | $-1.2B | ||
| Q3 25 | $19.0M | $-50.3M | ||
| Q2 25 | $216.3M | $-1.9B | ||
| Q1 25 | $-51.6M | $-797.0M | ||
| Q4 24 | $67.2M | $1.8B | ||
| Q3 24 | $122.7M | $-1.3B | ||
| Q2 24 | $24.3M | $-122.3M | ||
| Q1 24 | $-182.7M | $-3.0B |
自由现金流GLPRKT
| Q4 25 | $62.2M | $-1.3B | ||
| Q3 25 | $-678.0K | $-71.8M | ||
| Q2 25 | $201.3M | $-1.9B | ||
| Q1 25 | $-69.5M | $-811.0M | ||
| Q4 24 | $20.4M | $1.8B | ||
| Q3 24 | $98.4M | $-1.4B | ||
| Q2 24 | $8.7M | $-138.3M | ||
| Q1 24 | $-199.3M | $-3.0B |
自由现金流率GLPRKT
| Q4 25 | 2.8% | -47.2% | ||
| Q3 25 | -0.0% | -4.5% | ||
| Q2 25 | 9.7% | -137.2% | ||
| Q1 25 | -3.2% | -78.2% | ||
| Q4 24 | 1.0% | 103.1% | ||
| Q3 24 | 4.6% | -209.6% | ||
| Q2 24 | 0.4% | -10.6% | ||
| Q1 24 | -9.0% | -218.7% |
资本支出强度GLPRKT
| Q4 25 | 1.8% | 1.5% | ||
| Q3 25 | 0.9% | 1.3% | ||
| Q2 25 | 0.7% | 1.1% | ||
| Q1 25 | 0.8% | 1.4% | ||
| Q4 24 | 2.3% | 1.1% | ||
| Q3 24 | 1.1% | 2.9% | ||
| Q2 24 | 0.7% | 1.2% | ||
| Q1 24 | 0.8% | 1.0% |
现金转化率GLPRKT
| Q4 25 | 4.03× | -18.08× | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 8.58× | — | ||
| Q1 25 | -2.76× | — | ||
| Q4 24 | 2.82× | 54.42× | ||
| Q3 24 | 2.67× | — | ||
| Q2 24 | 0.53× | -94.46× | ||
| Q1 24 | — | -185.80× |
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% |
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
