vs
Generac（GNRC）与NGL Energy Partners LP（NGL）财务数据对比。点击上方公司名可切换其他公司
Generac的季度营收约是NGL Energy Partners LP的1.2倍（$1.1B vs $909.8M），NGL Energy Partners LP净利率更高（5.2% vs -2.2%，领先7.4%），Generac同比增速更快（-11.6% vs -41.3%），Generac自由现金流更多（$129.9M vs $45.7M），过去两年Generac的营收复合增速更高（10.8% vs -6.4%）
Generac Holdings Inc.（简称Generac）是美国财富1000强企业，主营面向住宅、小型商业及工业领域的备用发电产品，功率覆盖800瓦至9兆瓦，通过独立经销商、零售商及批发商渠道发售，总部位于威斯康星州沃基肖，在该州多地设有生产基地。
NGL Energy Partners LP是一家总部位于美国的中游能源服务企业，主营原油、液化天然气、可再生燃料的运输、存储及物流服务，同时为上游能源生产商提供水资源管理解决方案，业务主要覆盖北美市场。
GNRC vs NGL — 直观对比
营收规模更大
GNRC
是对方的1.2倍
$909.8M
营收增速更快
GNRC
高出29.7%
-41.3%
净利率更高
NGL
高出7.4%
-2.2%
自由现金流更多
GNRC
多$84.2M
$45.7M
两年增速更快
GNRC
近两年复合增速
-6.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $909.8M |
| 净利润 | $-24.5M | $47.2M |
| 毛利率 | 36.3% | 29.0% |
| 营业利润率 | -0.9% | 12.1% |
| 净利率 | -2.2% | 5.2% |
| 营收同比 | -11.6% | -41.3% |
| 净利润同比 | -120.9% | 249.3% |
| 每股收益（稀释后） | $-0.41 | — |
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GNRCNGL
| Q4 25 | $1.1B | $909.8M | ||
| Q3 25 | $1.1B | $674.7M | ||
| Q2 25 | $1.1B | $622.2M | ||
| Q1 25 | $942.1M | $971.1M | ||
| Q4 24 | $1.2B | $982.4M | ||
| Q3 24 | $1.2B | $756.5M | ||
| Q2 24 | $998.2M | $759.2M | ||
| Q1 24 | $889.3M | $1.0B |
净利润GNRCNGL
| Q4 25 | $-24.5M | $47.2M | ||
| Q3 25 | $66.2M | $29.3M | ||
| Q2 25 | $74.0M | $68.9M | ||
| Q1 25 | $43.8M | $13.7M | ||
| Q4 24 | $117.2M | $13.5M | ||
| Q3 24 | $113.7M | $2.5M | ||
| Q2 24 | $59.1M | $9.7M | ||
| Q1 24 | $26.2M | $-236.8M |
毛利率GNRCNGL
| Q4 25 | 36.3% | 29.0% | ||
| Q3 25 | 38.3% | 37.6% | ||
| Q2 25 | 39.3% | 38.5% | ||
| Q1 25 | 39.5% | 26.9% | ||
| Q4 24 | 40.6% | 25.1% | ||
| Q3 24 | 40.2% | 30.9% | ||
| Q2 24 | 37.6% | 29.0% | ||
| Q1 24 | 35.6% | 21.8% |
营业利润率GNRCNGL
| Q4 25 | -0.9% | 12.1% | ||
| Q3 25 | 9.3% | 14.0% | ||
| Q2 25 | 10.5% | 15.7% | ||
| Q1 25 | 8.9% | 8.4% | ||
| Q4 24 | 16.0% | 8.6% | ||
| Q3 24 | 14.4% | 10.8% | ||
| Q2 24 | 10.3% | 10.8% | ||
| Q1 24 | 7.5% | -9.4% |
净利率GNRCNGL
| Q4 25 | -2.2% | 5.2% | ||
| Q3 25 | 5.9% | 4.3% | ||
| Q2 25 | 7.0% | 11.1% | ||
| Q1 25 | 4.7% | 1.4% | ||
| Q4 24 | 9.5% | 1.4% | ||
| Q3 24 | 9.7% | 0.3% | ||
| Q2 24 | 5.9% | 1.3% | ||
| Q1 24 | 2.9% | -22.8% |
每股收益（稀释后）GNRCNGL
| Q4 25 | $-0.41 | — | ||
| Q3 25 | $1.12 | — | ||
| Q2 25 | $1.25 | — | ||
| Q1 25 | $0.73 | — | ||
| Q4 24 | $2.14 | — | ||
| Q3 24 | $1.89 | — | ||
| Q2 24 | $0.97 | — | ||
| Q1 24 | $0.39 | — |
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 | $341.4M | $6.5M |
| 总债务越低越好 | $1.3B | $2.9B |
| 股东权益账面价值 | $2.6B | — |
| 总资产 | $5.6B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.48× | — |
8季度趋势，按日历期对齐
现金及短期投资GNRCNGL
| Q4 25 | $341.4M | $6.5M | ||
| Q3 25 | $300.0M | $8.7M | ||
| Q2 25 | $223.5M | $5.4M | ||
| Q1 25 | $187.5M | $13.5M | ||
| Q4 24 | $281.3M | $5.7M | ||
| Q3 24 | $214.2M | $4.5M | ||
| Q2 24 | $218.3M | $5.3M | ||
| Q1 24 | $249.4M | $38.9M |
总债务GNRCNGL
| Q4 25 | $1.3B | $2.9B | ||
| Q3 25 | $1.4B | $2.9B | ||
| Q2 25 | $1.3B | $2.9B | ||
| Q1 25 | $1.2B | $3.0B | ||
| Q4 24 | $1.2B | $3.1B | ||
| Q3 24 | $1.4B | $3.1B | ||
| Q2 24 | $1.4B | $3.0B | ||
| Q1 24 | $1.4B | $2.9B |
股东权益GNRCNGL
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.4B | — |
总资产GNRCNGL
| Q4 25 | $5.6B | $4.4B | ||
| Q3 25 | $5.6B | $4.3B | ||
| Q2 25 | $5.4B | $4.2B | ||
| Q1 25 | $5.1B | $4.6B | ||
| Q4 24 | $5.1B | $4.8B | ||
| Q3 24 | $5.2B | $4.9B | ||
| Q2 24 | $5.1B | $4.8B | ||
| Q1 24 | $5.1B | $5.0B |
负债/权益比GNRCNGL
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.50× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.49× | — | ||
| Q3 24 | 0.56× | — | ||
| Q2 24 | 0.61× | — | ||
| Q1 24 | 0.61× | — |
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 | $189.3M | $182.3M |
| 自由现金流经营现金流 - 资本支出 | $129.9M | $45.7M |
| 自由现金流率自由现金流/营收 | 11.9% | 5.0% |
| 资本支出强度资本支出/营收 | 5.4% | 15.0% |
| 现金转化率经营现金流/净利润 | — | 3.86× |
| 过去12个月自由现金流最近4个季度 | $268.1M | $126.7M |
8季度趋势，按日历期对齐
经营现金流GNRCNGL
| Q4 25 | $189.3M | $182.3M | ||
| Q3 25 | $118.4M | $40.5M | ||
| Q2 25 | $72.2M | $33.2M | ||
| Q1 25 | $58.2M | $155.0M | ||
| Q4 24 | $339.5M | $153.8M | ||
| Q3 24 | $212.3M | $6.7M | ||
| Q2 24 | $77.7M | $-18.1M | ||
| Q1 24 | $111.9M | $152.2M |
自由现金流GNRCNGL
| Q4 25 | $129.9M | $45.7M | ||
| Q3 25 | $96.5M | $9.5M | ||
| Q2 25 | $14.5M | $11.1M | ||
| Q1 25 | $27.2M | $60.4M | ||
| Q4 24 | $286.1M | $152.1M | ||
| Q3 24 | $183.7M | $-82.9M | ||
| Q2 24 | $49.7M | $-78.0M | ||
| Q1 24 | $85.1M | $119.8M |
自由现金流率GNRCNGL
| Q4 25 | 11.9% | 5.0% | ||
| Q3 25 | 8.7% | 1.4% | ||
| Q2 25 | 1.4% | 1.8% | ||
| Q1 25 | 2.9% | 6.2% | ||
| Q4 24 | 23.2% | 15.5% | ||
| Q3 24 | 15.6% | -11.0% | ||
| Q2 24 | 5.0% | -10.3% | ||
| Q1 24 | 9.6% | 11.5% |
资本支出强度GNRCNGL
| Q4 25 | 5.4% | 15.0% | ||
| Q3 25 | 2.0% | 4.6% | ||
| Q2 25 | 5.4% | 3.6% | ||
| Q1 25 | 3.3% | 9.7% | ||
| Q4 24 | 4.3% | 0.2% | ||
| Q3 24 | 2.4% | 11.8% | ||
| Q2 24 | 2.8% | 7.9% | ||
| Q1 24 | 3.0% | 3.1% |
现金转化率GNRCNGL
| Q4 25 | — | 3.86× | ||
| Q3 25 | 1.79× | 1.38× | ||
| Q2 25 | 0.98× | 0.48× | ||
| Q1 25 | 1.33× | 11.29× | ||
| Q4 24 | 2.90× | 11.39× | ||
| Q3 24 | 1.87× | 2.74× | ||
| Q2 24 | 1.31× | -1.87× | ||
| Q1 24 | 4.27× | — |
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
GNRC
| Residential Power Products | $550.1M | 50% |
| Commercial And Industrial Power Products | $228.4M | 21% |
| Other | $202.3M | 19% |
| Other Products And Services | $106.0M | 10% |
| Intersegment Sales | $4.8M | 0% |
NGL
| Water Solutions Segment | $208.6M | 23% |
| Services | $193.3M | 21% |
| Butane | $192.5M | 21% |
| Service Fees | $182.8M | 20% |
| Public Utilities Inventory Propane | $93.9M | 10% |
| Crude Oil | $23.3M | 3% |
| Crude Oil Transportation And Other | $6.5M | 1% |
| Liquids Logistics Segment | $2.5M | 0% |
| Crude Oil Logistics Segment | $1.2M | 0% |
