vs
GLOBAL PARTNERS LP（GLP）与维谛技术（VRT）财务数据对比。点击上方公司名可切换其他公司
维谛技术的季度营收约是GLOBAL PARTNERS LP的1.2倍（$2.6B vs $2.2B），维谛技术净利率更高（14.7% vs 1.1%，领先13.6%），维谛技术同比增速更快（30.1% vs 7.0%），维谛技术自由现金流更多（$652.8M vs $62.2M），过去两年维谛技术的营收复合增速更高（16.5% 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。
维谛技术（Vertiv）是一家美国跨国企业，专注于为数据中心、通信网络、商业及工业场景提供关键基础设施及配套服务，旗下方案可有效保障各行业客户关键业务系统的稳定高效运行。
GLP vs VRT — 直观对比
营收规模更大
VRT
是对方的1.2倍
$2.2B
营收增速更快
VRT
高出23.2%
7.0%
净利率更高
VRT
高出13.6%
1.1%
自由现金流更多
VRT
多$590.6M
$62.2M
两年增速更快
VRT
近两年复合增速
0.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $2.6B |
| 净利润 | $25.1M | $390.1M |
| 毛利率 | 11.9% | 37.7% |
| 营业利润率 | 2.6% | — |
| 净利率 | 1.1% | 14.7% |
| 营收同比 | 7.0% | 30.1% |
| 净利润同比 | 5.0% | 137.1% |
| 每股收益（稀释后） | — | $0.99 |
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GLPVRT
| Q1 26 | — | $2.6B | ||
| Q4 25 | $2.2B | $2.9B | ||
| Q3 25 | $2.2B | $2.7B | ||
| Q2 25 | $2.1B | $2.6B | ||
| Q1 25 | $2.2B | $2.0B | ||
| Q4 24 | $2.1B | $2.3B | ||
| Q3 24 | $2.1B | $2.1B | ||
| Q2 24 | $2.3B | $2.0B |
净利润GLPVRT
| Q1 26 | — | $390.1M | ||
| Q4 25 | $25.1M | $445.6M | ||
| Q3 25 | $29.0M | $398.5M | ||
| Q2 25 | $25.2M | $324.2M | ||
| Q1 25 | $18.7M | $164.5M | ||
| Q4 24 | $23.9M | $147.0M | ||
| Q3 24 | $45.9M | $176.6M | ||
| Q2 24 | $46.1M | $178.1M |
毛利率GLPVRT
| Q1 26 | — | 37.7% | ||
| Q4 25 | 11.9% | 38.9% | ||
| Q3 25 | 12.1% | 37.8% | ||
| Q2 25 | 13.1% | 34.0% | ||
| Q1 25 | 11.7% | 33.7% | ||
| Q4 24 | 13.0% | 37.1% | ||
| Q3 24 | 13.4% | 36.5% | ||
| Q2 24 | 12.6% | 38.0% |
营业利润率GLPVRT
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 20.1% | ||
| Q3 25 | 2.7% | 19.3% | ||
| Q2 25 | 2.9% | 16.8% | ||
| Q1 25 | 2.6% | 14.3% | ||
| Q4 24 | 2.8% | 19.5% | ||
| Q3 24 | 3.9% | 17.9% | ||
| Q2 24 | 3.7% | 17.2% |
净利率GLPVRT
| Q1 26 | — | 14.7% | ||
| Q4 25 | 1.1% | 15.5% | ||
| Q3 25 | 1.3% | 14.9% | ||
| Q2 25 | 1.2% | 12.3% | ||
| Q1 25 | 0.9% | 8.1% | ||
| Q4 24 | 1.2% | 6.3% | ||
| Q3 24 | 2.1% | 8.5% | ||
| Q2 24 | 2.0% | 9.1% |
每股收益（稀释后）GLPVRT
| Q1 26 | — | $0.99 | ||
| Q4 25 | — | $1.14 | ||
| Q3 25 | — | $1.02 | ||
| Q2 25 | — | $0.83 | ||
| Q1 25 | — | $0.42 | ||
| Q4 24 | — | $0.38 | ||
| Q3 24 | — | $0.46 | ||
| Q2 24 | — | $0.46 |
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 | — | $2.5B |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | — | $4.2B |
| 总资产 | $3.9B | $13.4B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资GLPVRT
| Q1 26 | — | $2.5B | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $908.7M | ||
| Q2 24 | — | $579.7M |
总债务GLPVRT
| Q1 26 | — | $0 | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | — | $2.9B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.9B |
股东权益GLPVRT
| Q1 26 | — | $4.2B | ||
| Q4 25 | — | $3.9B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.5B |
总资产GLPVRT
| Q1 26 | — | $13.4B | ||
| Q4 25 | $3.9B | $12.2B | ||
| Q3 25 | $3.7B | $10.8B | ||
| Q2 25 | $3.8B | $10.4B | ||
| Q1 25 | $3.8B | $9.5B | ||
| Q4 24 | $3.8B | $9.1B | ||
| Q3 24 | $3.7B | $8.9B | ||
| Q2 24 | $3.8B | $8.1B |
负债/权益比GLPVRT
| Q1 26 | — | 0.00× | ||
| Q4 25 | — | 0.74× | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | — | 0.93× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.20× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | — | 1.91× |
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 | $652.8M |
| 自由现金流率自由现金流/营收 | 2.8% | 24.6% |
| 资本支出强度资本支出/营收 | 1.8% | 4.2% |
| 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 | $2.3B |
8季度趋势，按日历期对齐
经营现金流GLPVRT
| Q1 26 | — | — | ||
| Q4 25 | $101.0M | $978.9M | ||
| Q3 25 | $19.0M | $508.7M | ||
| Q2 25 | $216.3M | $322.9M | ||
| Q1 25 | $-51.6M | $303.3M | ||
| Q4 24 | $67.2M | $425.2M | ||
| Q3 24 | $122.7M | $378.2M | ||
| Q2 24 | $24.3M | $378.4M |
自由现金流GLPVRT
| Q1 26 | — | $652.8M | ||
| Q4 25 | $62.2M | $885.6M | ||
| Q3 25 | $-678.0K | $463.5M | ||
| Q2 25 | $201.3M | $277.9M | ||
| Q1 25 | $-69.5M | $266.8M | ||
| Q4 24 | $20.4M | $364.5M | ||
| Q3 24 | $98.4M | $341.8M | ||
| Q2 24 | $8.7M | $344.3M |
自由现金流率GLPVRT
| Q1 26 | — | 24.6% | ||
| Q4 25 | 2.8% | 30.8% | ||
| Q3 25 | -0.0% | 17.3% | ||
| Q2 25 | 9.7% | 10.5% | ||
| Q1 25 | -3.2% | 13.1% | ||
| Q4 24 | 1.0% | 15.5% | ||
| Q3 24 | 4.6% | 16.5% | ||
| Q2 24 | 0.4% | 17.6% |
资本支出强度GLPVRT
| Q1 26 | — | 4.2% | ||
| Q4 25 | 1.8% | 3.2% | ||
| Q3 25 | 0.9% | 1.7% | ||
| Q2 25 | 0.7% | 1.7% | ||
| Q1 25 | 0.8% | 1.8% | ||
| Q4 24 | 2.3% | 2.6% | ||
| Q3 24 | 1.1% | 1.8% | ||
| Q2 24 | 0.7% | 1.7% |
现金转化率GLPVRT
| Q1 26 | — | — | ||
| Q4 25 | 4.03× | 2.20× | ||
| Q3 25 | 0.66× | 1.28× | ||
| Q2 25 | 8.58× | 1.00× | ||
| Q1 25 | -2.76× | 1.84× | ||
| Q4 24 | 2.82× | 2.89× | ||
| Q3 24 | 2.67× | 2.14× | ||
| Q2 24 | 0.53× | 2.12× |
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% |
VRT
暂无分部数据
