vs
赫兹（HTZ）与MPLX LP（MPLX）财务数据对比。点击上方公司名可切换其他公司
MPLX LP的季度营收约是赫兹的1.2倍（$2.5B vs $2.0B），MPLX LP净利率更高（49.1% vs -9.6%，领先58.6%），MPLX LP同比增速更快（1.4% vs -0.6%），过去两年MPLX LP的营收复合增速更高（6.2% vs -1.3%）
赫兹全球控股是美国知名汽车租赁企业，总部位于佛罗里达州埃斯特罗。公司运营赫兹同名核心品牌，同时拥有Dollar、Firefly、Thrifty等多个汽车租赁子品牌，业务覆盖全球广泛市场，为客户提供多元出行租赁解决方案。
MPLX LP旗下子公司MarkWest Energy Partners是美国业主有限合伙企业，主营天然气收集、加工及运输业务。该公司1988年成立于科罗拉多州丹佛市，曾发展为科罗拉多州第13大企业，2015年被马拉松石油旗下的MPLX收购。
HTZ vs MPLX — 直观对比
营收规模更大
MPLX
是对方的1.2倍
$2.0B
营收增速更快
MPLX
高出2.0%
-0.6%
净利率更高
MPLX
高出58.6%
-9.6%
两年增速更快
MPLX
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $2.5B |
| 净利润 | $-194.0M | $1.2B |
| 毛利率 | — | — |
| 营业利润率 | -11.0% | 60.5% |
| 净利率 | -9.6% | 49.1% |
| 营收同比 | -0.6% | 1.4% |
| 净利润同比 | 59.5% | 8.5% |
| 每股收益（稀释后） | $-0.46 | — |
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HTZMPLX
| Q4 25 | $2.0B | $2.5B | ||
| Q3 25 | $2.5B | $2.5B | ||
| Q2 25 | $2.2B | $2.4B | ||
| Q1 25 | $1.8B | $2.5B | ||
| Q4 24 | $2.0B | $2.4B | ||
| Q3 24 | $2.6B | $2.3B | ||
| Q2 24 | $2.4B | $2.3B | ||
| Q1 24 | $2.1B | $2.2B |
净利润HTZMPLX
| Q4 25 | $-194.0M | $1.2B | ||
| Q3 25 | $184.0M | $1.6B | ||
| Q2 25 | $-294.0M | $1.1B | ||
| Q1 25 | $-443.0M | $1.1B | ||
| Q4 24 | $-479.0M | $1.1B | ||
| Q3 24 | $-1.3B | $1.0B | ||
| Q2 24 | $-865.0M | $1.2B | ||
| Q1 24 | $-186.0M | $1.0B |
营业利润率HTZMPLX
| Q4 25 | -11.0% | 60.5% | ||
| Q3 25 | 9.4% | 73.2% | ||
| Q2 25 | -14.5% | 54.9% | ||
| Q1 25 | -29.0% | 55.5% | ||
| Q4 24 | -27.6% | 55.6% | ||
| Q3 24 | -62.9% | 54.4% | ||
| Q2 24 | -20.1% | 62.9% | ||
| Q1 24 | -27.9% | 57.6% |
净利率HTZMPLX
| Q4 25 | -9.6% | 49.1% | ||
| Q3 25 | 7.4% | 63.2% | ||
| Q2 25 | -13.5% | 44.9% | ||
| Q1 25 | -24.4% | 46.2% | ||
| Q4 24 | -23.5% | 45.9% | ||
| Q3 24 | -51.7% | 44.6% | ||
| Q2 24 | -36.8% | 52.6% | ||
| Q1 24 | -8.9% | 46.7% |
每股收益（稀释后）HTZMPLX
| Q4 25 | $-0.46 | — | ||
| Q3 25 | $0.42 | — | ||
| Q2 25 | $-0.95 | — | ||
| Q1 25 | $-1.44 | — | ||
| Q4 24 | $-1.57 | — | ||
| Q3 24 | $-4.34 | — | ||
| Q2 24 | $-2.82 | — | ||
| Q1 24 | $-0.61 | — |
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 | $565.0M | $2.1B |
| 总债务越低越好 | — | $24.2B |
| 股东权益账面价值 | $-459.0M | — |
| 总资产 | $22.3B | $43.0B |
| 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HTZMPLX
| Q4 25 | $565.0M | $2.1B | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $503.0M | $1.4B | ||
| Q1 25 | $626.0M | $2.5B | ||
| Q4 24 | $592.0M | $1.5B | ||
| Q3 24 | $501.0M | $2.4B | ||
| Q2 24 | $568.0M | $2.5B | ||
| Q1 24 | $465.0M | $385.0M |
总债务HTZMPLX
| Q4 25 | — | $24.2B | ||
| Q3 25 | — | $24.1B | ||
| Q2 25 | — | $19.7B | ||
| Q1 25 | — | $19.7B | ||
| Q4 24 | — | $19.3B | ||
| Q3 24 | — | $19.3B | ||
| Q2 24 | — | $19.2B | ||
| Q1 24 | — | $18.8B |
股东权益HTZMPLX
| Q4 25 | $-459.0M | — | ||
| Q3 25 | $-317.0M | — | ||
| Q2 25 | $-504.0M | — | ||
| Q1 25 | $-262.0M | — | ||
| Q4 24 | $153.0M | — | ||
| Q3 24 | $681.0M | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.8B | — |
总资产HTZMPLX
| Q4 25 | $22.3B | $43.0B | ||
| Q3 25 | $23.0B | $43.2B | ||
| Q2 25 | $23.1B | $37.8B | ||
| Q1 25 | $22.0B | $39.0B | ||
| Q4 24 | $21.8B | $37.5B | ||
| Q3 24 | $23.0B | $38.5B | ||
| Q2 24 | $25.2B | $38.4B | ||
| Q1 24 | $24.3B | $36.5B |
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 | $193.0M | $1.5B |
| 自由现金流经营现金流 - 资本支出 | — | $782.0M |
| 自由现金流率自由现金流/营收 | — | 31.9% |
| 资本支出强度资本支出/营收 | — | 29.1% |
| 现金转化率经营现金流/净利润 | — | 1.24× |
| 过去12个月自由现金流最近4个季度 | — | $4.1B |
8季度趋势，按日历期对齐
经营现金流HTZMPLX
| Q4 25 | $193.0M | $1.5B | ||
| Q3 25 | $835.0M | $1.4B | ||
| Q2 25 | $346.0M | $1.7B | ||
| Q1 25 | $251.0M | $1.2B | ||
| Q4 24 | $414.0M | $1.7B | ||
| Q3 24 | $894.0M | $1.4B | ||
| Q2 24 | $546.0M | $1.6B | ||
| Q1 24 | $370.0M | $1.3B |
自由现金流HTZMPLX
| Q4 25 | — | $782.0M | ||
| Q3 25 | — | $905.0M | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $979.0M | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.0B |
自由现金流率HTZMPLX
| Q4 25 | — | 31.9% | ||
| Q3 25 | — | 36.8% | ||
| Q2 25 | — | 60.9% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 56.6% | ||
| Q3 24 | — | 48.4% | ||
| Q2 24 | — | 60.0% | ||
| Q1 24 | — | 47.7% |
资本支出强度HTZMPLX
| Q4 25 | — | 29.1% | ||
| Q3 25 | — | 21.4% | ||
| Q2 25 | — | 12.8% | ||
| Q1 25 | — | 10.9% | ||
| Q4 24 | — | 12.7% | ||
| Q3 24 | — | 11.9% | ||
| Q2 24 | — | 9.4% | ||
| Q1 24 | — | 11.7% |
现金转化率HTZMPLX
| Q4 25 | — | 1.24× | ||
| Q3 25 | 4.54× | 0.92× | ||
| Q2 25 | — | 1.64× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.51× | ||
| Q3 24 | — | 1.35× | ||
| Q2 24 | — | 1.32× | ||
| Q1 24 | — | 1.27× |
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
HTZ
暂无分部数据
MPLX
| Services | $746.0M | 30% |
| Other | $675.0M | 28% |
| Products | $492.0M | 20% |
| Nonrelated Party | $186.0M | 8% |
| Related Party | $151.0M | 6% |
| Crude Oil And Products Logistics | $104.0M | 4% |
| Service Other | $56.0M | 2% |
| Natural Gas And NGL Services | $41.0M | 2% |
