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宜瑞安（INGR）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的季度营收约是宜瑞安的1.4倍（$2.5B vs $1.8B），MPLX LP净利率更高（49.1% vs 9.5%，领先39.6%），MPLX LP同比增速更快（1.4% vs -2.4%），MPLX LP自由现金流更多（$782.0M vs $270.0M），过去两年MPLX LP的营收复合增速更高（6.2% vs -3.4%）
宜瑞安（Ingredion Inc.）是总部位于美国伊利诺伊州的食品饮料配料供应商，主打产品包括淀粉、非转基因甜味剂、甜菊糖、豌豆蛋白等，以玉米、木薯、马铃薯、谷物、果蔬等为原料，产品供应食品、饮料、酿造、制药等多个行业，在全球44个站点拥有约1.2万名员工，客户覆盖超120个国家。
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。
INGR vs MPLX — 直观对比
营收规模更大
MPLX
是对方的1.4倍
$1.8B
营收增速更快
MPLX
高出3.8%
-2.4%
净利率更高
MPLX
高出39.6%
9.5%
自由现金流更多
MPLX
多$512.0M
$270.0M
两年增速更快
MPLX
近两年复合增速
-3.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $2.5B |
| 净利润 | $167.0M | $1.2B |
| 毛利率 | 24.5% | — |
| 营业利润率 | 12.5% | 60.5% |
| 净利率 | 9.5% | 49.1% |
| 营收同比 | -2.4% | 1.4% |
| 净利润同比 | 72.2% | 8.5% |
| 每股收益（稀释后） | $2.58 | — |
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INGRMPLX
| Q4 25 | $1.8B | $2.5B | ||
| Q3 25 | $1.8B | $2.5B | ||
| Q2 25 | $1.8B | $2.4B | ||
| Q1 25 | $1.8B | $2.5B | ||
| Q4 24 | $1.8B | $2.4B | ||
| Q3 24 | $1.9B | $2.3B | ||
| Q2 24 | $1.9B | $2.3B | ||
| Q1 24 | $1.9B | $2.2B |
净利润INGRMPLX
| Q4 25 | $167.0M | $1.2B | ||
| Q3 25 | $171.0M | $1.6B | ||
| Q2 25 | $196.0M | $1.1B | ||
| Q1 25 | $197.0M | $1.1B | ||
| Q4 24 | $97.0M | $1.1B | ||
| Q3 24 | $188.0M | $1.0B | ||
| Q2 24 | $148.0M | $1.2B | ||
| Q1 24 | $216.0M | $1.0B |
毛利率INGRMPLX
| Q4 25 | 24.5% | — | ||
| Q3 25 | 25.1% | — | ||
| Q2 25 | 26.0% | — | ||
| Q1 25 | 25.7% | — | ||
| Q4 24 | 24.9% | — | ||
| Q3 24 | 25.6% | — | ||
| Q2 24 | 23.7% | — | ||
| Q1 24 | 22.2% | — |
营业利润率INGRMPLX
| Q4 25 | 12.5% | 60.5% | ||
| Q3 25 | 13.7% | 73.2% | ||
| Q2 25 | 14.8% | 54.9% | ||
| Q1 25 | 15.2% | 55.5% | ||
| Q4 24 | 9.0% | 55.6% | ||
| Q3 24 | 14.3% | 54.4% | ||
| Q2 24 | 12.8% | 62.9% | ||
| Q1 24 | 11.3% | 57.6% |
净利率INGRMPLX
| Q4 25 | 9.5% | 49.1% | ||
| Q3 25 | 9.4% | 63.2% | ||
| Q2 25 | 10.7% | 44.9% | ||
| Q1 25 | 10.9% | 46.2% | ||
| Q4 24 | 5.4% | 45.9% | ||
| Q3 24 | 10.1% | 44.6% | ||
| Q2 24 | 7.9% | 52.6% | ||
| Q1 24 | 11.5% | 46.7% |
每股收益（稀释后）INGRMPLX
| Q4 25 | $2.58 | — | ||
| Q3 25 | $2.61 | — | ||
| Q2 25 | $2.99 | — | ||
| Q1 25 | $3.00 | — | ||
| Q4 24 | $1.43 | — | ||
| Q3 24 | $2.83 | — | ||
| Q2 24 | $2.22 | — | ||
| Q1 24 | $3.23 | — |
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 | $1.0B | $2.1B |
| 总债务越低越好 | — | $24.2B |
| 股东权益账面价值 | $4.3B | — |
| 总资产 | $7.9B | $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INGRMPLX
| Q4 25 | $1.0B | $2.1B | ||
| Q3 25 | $915.0M | $1.8B | ||
| Q2 25 | $861.0M | $1.4B | ||
| Q1 25 | $837.0M | $2.5B | ||
| Q4 24 | $997.0M | $1.5B | ||
| Q3 24 | $877.0M | $2.4B | ||
| Q2 24 | $505.0M | $2.5B | ||
| Q1 24 | $438.0M | $385.0M |
总债务INGRMPLX
| 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INGRMPLX
| Q4 25 | $4.3B | — | ||
| Q3 25 | $4.2B | — | ||
| Q2 25 | $4.2B | — | ||
| Q1 25 | $4.0B | — | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $4.0B | — | ||
| Q2 24 | $3.7B | — | ||
| Q1 24 | $3.7B | — |
总资产INGRMPLX
| Q4 25 | $7.9B | $43.0B | ||
| Q3 25 | $7.8B | $43.2B | ||
| Q2 25 | $7.8B | $37.8B | ||
| Q1 25 | $7.5B | $39.0B | ||
| Q4 24 | $7.4B | $37.5B | ||
| Q3 24 | $7.5B | $38.5B | ||
| Q2 24 | $7.2B | $38.4B | ||
| Q1 24 | $7.3B | $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 | $405.0M | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $270.0M | $782.0M |
| 自由现金流率自由现金流/营收 | 15.4% | 31.9% |
| 资本支出强度资本支出/营收 | 7.7% | 29.1% |
| 现金转化率经营现金流/净利润 | 2.43× | 1.24× |
| 过去12个月自由现金流最近4个季度 | $511.0M | $4.1B |
8季度趋势，按日历期对齐
经营现金流INGRMPLX
| Q4 25 | $405.0M | $1.5B | ||
| Q3 25 | $277.0M | $1.4B | ||
| Q2 25 | $185.0M | $1.7B | ||
| Q1 25 | $77.0M | $1.2B | ||
| Q4 24 | $436.0M | $1.7B | ||
| Q3 24 | $479.0M | $1.4B | ||
| Q2 24 | $312.0M | $1.6B | ||
| Q1 24 | $209.0M | $1.3B |
自由现金流INGRMPLX
| Q4 25 | $270.0M | $782.0M | ||
| Q3 25 | $172.0M | $905.0M | ||
| Q2 25 | $84.0M | $1.4B | ||
| Q1 25 | $-15.0M | $979.0M | ||
| Q4 24 | $311.0M | $1.4B | ||
| Q3 24 | $429.0M | $1.1B | ||
| Q2 24 | $257.0M | $1.4B | ||
| Q1 24 | $144.0M | $1.0B |
自由现金流率INGRMPLX
| Q4 25 | 15.4% | 31.9% | ||
| Q3 25 | 9.5% | 36.8% | ||
| Q2 25 | 4.6% | 60.9% | ||
| Q1 25 | -0.8% | 39.8% | ||
| Q4 24 | 17.3% | 56.6% | ||
| Q3 24 | 22.9% | 48.4% | ||
| Q2 24 | 13.7% | 60.0% | ||
| Q1 24 | 7.7% | 47.7% |
资本支出强度INGRMPLX
| Q4 25 | 7.7% | 29.1% | ||
| Q3 25 | 5.8% | 21.4% | ||
| Q2 25 | 5.5% | 12.8% | ||
| Q1 25 | 5.1% | 10.9% | ||
| Q4 24 | 6.9% | 12.7% | ||
| Q3 24 | 2.7% | 11.9% | ||
| Q2 24 | 2.9% | 9.4% | ||
| Q1 24 | 3.5% | 11.7% |
现金转化率INGRMPLX
| Q4 25 | 2.43× | 1.24× | ||
| Q3 25 | 1.62× | 0.92× | ||
| Q2 25 | 0.94× | 1.64× | ||
| Q1 25 | 0.39× | 1.10× | ||
| Q4 24 | 4.49× | 1.51× | ||
| Q3 24 | 2.55× | 1.35× | ||
| Q2 24 | 2.11× | 1.32× | ||
| Q1 24 | 0.97× | 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
INGR
| Food And Industrial Ingredients LATAM Segment | $599.0M | 34% |
| Texture And Healthful Solutions Segment | $598.0M | 34% |
| Food And Industrial Ingredients U.S.Canada Segment | $486.0M | 28% |
| Other | $74.0M | 4% |
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% |
