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GLOBAL PARTNERS LP（GLP）与史密斯菲尔德食品（SFD）财务数据对比。点击上方公司名可切换其他公司
史密斯菲尔德食品的季度营收约是GLOBAL PARTNERS LP的1.7倍（$3.8B vs $2.2B），史密斯菲尔德食品净利率更高（6.6% vs 1.1%，领先5.4%），GLOBAL PARTNERS LP同比增速更快（7.0% vs 0.8%），过去两年史密斯菲尔德食品的营收复合增速更高（6.8% 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。
史密斯菲尔德食品是全球规模最大的生猪养殖与猪肉加工企业，1936年由卢特父子创立，总部位于美国弗吉尼亚州史密斯菲尔德，现隶属于香港企业。公司在美国自营超500个农场，还与2000余家独立农场合作养殖生猪，业务覆盖墨西哥、波兰、德国等多个海外市场。
GLP vs SFD — 直观对比
营收规模更大
SFD
是对方的1.7倍
$2.2B
营收增速更快
GLP
高出6.2%
0.8%
净利率更高
SFD
高出5.4%
1.1%
两年增速更快
SFD
近两年复合增速
0.2%
损益表 — Q4 FY2025 vs Q1 FY2027
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $3.8B |
| 净利润 | $25.1M | $249.0M |
| 毛利率 | 11.9% | 13.4% |
| 营业利润率 | 2.6% | 8.8% |
| 净利率 | 1.1% | 6.6% |
| 营收同比 | 7.0% | 0.8% |
| 净利润同比 | 5.0% | 9.8% |
| 每股收益（稀释后） | — | — |
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GLPSFD
| Q1 26 | — | $3.8B | ||
| Q4 25 | $2.2B | $4.2B | ||
| Q3 25 | $2.2B | $3.7B | ||
| Q2 25 | $2.1B | $3.8B | ||
| Q1 25 | $2.2B | $3.8B | ||
| Q4 24 | $2.1B | $4.0B | ||
| Q3 24 | $2.1B | $3.3B | ||
| Q2 24 | $2.3B | — |
净利润GLPSFD
| Q1 26 | — | $249.0M | ||
| Q4 25 | $25.1M | $327.0M | ||
| Q3 25 | $29.0M | $248.0M | ||
| Q2 25 | $25.2M | $188.0M | ||
| Q1 25 | $18.7M | $224.0M | ||
| Q4 24 | $23.9M | $205.0M | ||
| Q3 24 | $45.9M | $291.0M | ||
| Q2 24 | $46.1M | — |
毛利率GLPSFD
| Q1 26 | — | 13.4% | ||
| Q4 25 | 11.9% | 14.2% | ||
| Q3 25 | 12.1% | 12.8% | ||
| Q2 25 | 13.1% | 13.2% | ||
| Q1 25 | 11.7% | 13.5% | ||
| Q4 24 | 13.0% | 13.5% | ||
| Q3 24 | 13.4% | 14.3% | ||
| Q2 24 | 12.6% | — |
营业利润率GLPSFD
| Q1 26 | — | 8.8% | ||
| Q4 25 | 2.6% | 9.5% | ||
| Q3 25 | 2.7% | 8.3% | ||
| Q2 25 | 2.9% | 6.9% | ||
| Q1 25 | 2.6% | 8.5% | ||
| Q4 24 | 2.8% | 8.5% | ||
| Q3 24 | 3.9% | 8.5% | ||
| Q2 24 | 3.7% | — |
净利率GLPSFD
| Q1 26 | — | 6.6% | ||
| Q4 25 | 1.1% | 7.7% | ||
| Q3 25 | 1.3% | 6.6% | ||
| Q2 25 | 1.2% | 5.0% | ||
| Q1 25 | 0.9% | 5.9% | ||
| Q4 24 | 1.2% | 5.2% | ||
| Q3 24 | 2.1% | 8.7% | ||
| Q2 24 | 2.0% | — |
每股收益（稀释后）GLPSFD
| Q1 26 | — | — | ||
| Q4 25 | — | $0.83 | ||
| Q3 25 | — | $0.63 | ||
| Q2 25 | — | $0.48 | ||
| Q1 25 | — | $0.57 | ||
| Q4 24 | — | $0.54 | ||
| Q3 24 | — | $0.77 | ||
| Q2 24 | — | — |
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 | — | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $6.9B |
| 总资产 | $3.9B | $12.0B |
| 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GLPSFD
| Q1 26 | — | $1.4B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务GLPSFD
| Q1 26 | — | — | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益GLPSFD
| Q1 26 | — | $6.9B | ||
| Q4 25 | — | $6.8B | ||
| Q3 25 | — | $6.5B | ||
| Q2 25 | — | $6.3B | ||
| Q1 25 | — | $6.2B | ||
| Q4 24 | — | $5.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总资产GLPSFD
| Q1 26 | — | $12.0B | ||
| Q4 25 | $3.9B | $12.2B | ||
| Q3 25 | $3.7B | $11.5B | ||
| Q2 25 | $3.8B | $11.2B | ||
| Q1 25 | $3.8B | $11.1B | ||
| Q4 24 | $3.8B | $11.1B | ||
| Q3 24 | $3.7B | — | ||
| Q2 24 | $3.8B | — |
负债/权益比GLPSFD
| Q1 26 | — | — | ||
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.32× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.34× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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% | 2.3% |
| 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GLPSFD
| Q1 26 | — | — | ||
| Q4 25 | $101.0M | $938.0M | ||
| Q3 25 | $19.0M | $13.0M | ||
| Q2 25 | $216.3M | $274.0M | ||
| Q1 25 | $-51.6M | $-166.0M | ||
| Q4 24 | $67.2M | — | ||
| Q3 24 | $122.7M | — | ||
| Q2 24 | $24.3M | — |
自由现金流GLPSFD
| Q1 26 | — | — | ||
| Q4 25 | $62.2M | $842.0M | ||
| Q3 25 | $-678.0K | $-75.0M | ||
| Q2 25 | $201.3M | $196.0M | ||
| Q1 25 | $-69.5M | $-245.0M | ||
| Q4 24 | $20.4M | — | ||
| Q3 24 | $98.4M | — | ||
| Q2 24 | $8.7M | — |
自由现金流率GLPSFD
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 19.9% | ||
| Q3 25 | -0.0% | -2.0% | ||
| Q2 25 | 9.7% | 5.2% | ||
| Q1 25 | -3.2% | -6.5% | ||
| Q4 24 | 1.0% | — | ||
| Q3 24 | 4.6% | — | ||
| Q2 24 | 0.4% | — |
资本支出强度GLPSFD
| Q1 26 | — | 2.3% | ||
| Q4 25 | 1.8% | 2.3% | ||
| Q3 25 | 0.9% | 2.3% | ||
| Q2 25 | 0.7% | 2.1% | ||
| Q1 25 | 0.8% | 2.1% | ||
| Q4 24 | 2.3% | 2.1% | ||
| Q3 24 | 1.1% | 2.8% | ||
| Q2 24 | 0.7% | — |
现金转化率GLPSFD
| Q1 26 | — | — | ||
| Q4 25 | 4.03× | 2.87× | ||
| Q3 25 | 0.66× | 0.05× | ||
| Q2 25 | 8.58× | 1.46× | ||
| Q1 25 | -2.76× | -0.74× | ||
| Q4 24 | 2.82× | — | ||
| Q3 24 | 2.67× | — | ||
| Q2 24 | 0.53× | — |
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% |
SFD
暂无分部数据
