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Kosmos Energy Ltd.（KOS）与SUBURBAN PROPANE PARTNERS LP（SPH）财务数据对比。点击上方公司名可切换其他公司
SUBURBAN PROPANE PARTNERS LP的季度营收约是Kosmos Energy Ltd.的1.3倍（$370.4M vs $294.6M），SUBURBAN PROPANE PARTNERS LP同比增速更快（-0.8% vs -25.9%），过去两年SUBURBAN PROPANE PARTNERS LP的营收复合增速更高（-13.8% vs -16.5%）
科斯莫斯能源是一家美国上游石油企业，总部位于得克萨斯州达拉斯。公司目前在加纳、赤道几内亚近海以及墨西哥湾开展油气生产与开发业务，在毛里塔尼亚、塞内加尔近海拥有开发项目，还在纳米比亚、圣多美和普林西比、苏里南近海持有勘探许可。
Suburban Propane Partners LP是美国领先的丙烷、天然气、取暖油及相关能源产品分销商，服务覆盖住宅、商业、工业、农业等各类客户，同时提供暖通空调系统的安装、维护与维修服务，业务范围遍布全美。
KOS vs SPH — 直观对比
营收规模更大
SPH
是对方的1.3倍
$294.6M
营收增速更快
SPH
高出25.1%
-25.9%
两年增速更快
SPH
近两年复合增速
-16.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $294.6M | $370.4M |
| 净利润 | — | $45.8M |
| 毛利率 | — | 64.7% |
| 营业利润率 | -125.7% | 18.3% |
| 净利率 | — | 12.4% |
| 营收同比 | -25.9% | -0.8% |
| 净利润同比 | — | 135.7% |
| 每股收益（稀释后） | $-0.80 | $0.69 |
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KOSSPH
| Q4 25 | $294.6M | $370.4M | ||
| Q3 25 | $311.0M | $211.4M | ||
| Q2 25 | $392.6M | $260.1M | ||
| Q1 25 | $290.1M | $587.7M | ||
| Q4 24 | $397.6M | $373.3M | ||
| Q3 24 | $407.8M | $208.6M | ||
| Q2 24 | $447.8M | $254.6M | ||
| Q1 24 | $422.3M | $498.1M |
净利润KOSSPH
| Q4 25 | — | $45.8M | ||
| Q3 25 | $-124.3M | $-35.1M | ||
| Q2 25 | $-87.7M | $-14.8M | ||
| Q1 25 | $-110.6M | $137.1M | ||
| Q4 24 | — | $19.4M | ||
| Q3 24 | $45.0M | $-44.6M | ||
| Q2 24 | $59.8M | $-17.2M | ||
| Q1 24 | $91.7M | $111.5M |
毛利率KOSSPH
| Q4 25 | — | 64.7% | ||
| Q3 25 | — | 64.7% | ||
| Q2 25 | — | 61.7% | ||
| Q1 25 | — | 58.8% | ||
| Q4 24 | — | 60.6% | ||
| Q3 24 | — | 59.4% | ||
| Q2 24 | — | 62.9% | ||
| Q1 24 | — | 61.8% |
营业利润率KOSSPH
| Q4 25 | -125.7% | 18.3% | ||
| Q3 25 | -34.2% | -7.9% | ||
| Q2 25 | -16.2% | 2.1% | ||
| Q1 25 | -32.4% | 27.0% | ||
| Q4 24 | -8.5% | 15.8% | ||
| Q3 24 | 26.1% | -10.8% | ||
| Q2 24 | 30.2% | 3.2% | ||
| Q1 24 | 33.6% | 27.5% |
净利率KOSSPH
| Q4 25 | — | 12.4% | ||
| Q3 25 | -40.0% | -16.6% | ||
| Q2 25 | -22.3% | -5.7% | ||
| Q1 25 | -38.1% | 23.3% | ||
| Q4 24 | — | 5.2% | ||
| Q3 24 | 11.0% | -21.4% | ||
| Q2 24 | 13.3% | -6.8% | ||
| Q1 24 | 21.7% | 22.4% |
每股收益（稀释后）KOSSPH
| Q4 25 | $-0.80 | $0.69 | ||
| Q3 25 | $-0.26 | $-0.55 | ||
| Q2 25 | $-0.18 | $-0.23 | ||
| Q1 25 | $-0.23 | $2.10 | ||
| Q4 24 | $0.00 | $0.30 | ||
| Q3 24 | $0.09 | $-0.69 | ||
| Q2 24 | $0.12 | $-0.27 | ||
| Q1 24 | $0.19 | $1.72 |
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 | $91.5M | $1.3M |
| 总债务越低越好 | $3.1B | $1.3B |
| 股东权益账面价值 | $528.6M | — |
| 总资产 | $4.7B | $2.4B |
| 负债/权益比越低杠杆越低 | 5.78× | — |
8季度趋势，按日历期对齐
现金及短期投资KOSSPH
| Q4 25 | $91.5M | $1.3M | ||
| Q3 25 | $64.0M | $405.0K | ||
| Q2 25 | $51.7M | $1.3M | ||
| Q1 25 | $49.8M | $3.9M | ||
| Q4 24 | $85.0M | $4.4M | ||
| Q3 24 | $51.6M | $3.2M | ||
| Q2 24 | $173.8M | $4.9M | ||
| Q1 24 | $254.3M | $4.4M |
总债务KOSSPH
| Q4 25 | $3.1B | $1.3B | ||
| Q3 25 | $3.0B | $1.2B | ||
| Q2 25 | $2.9B | $1.2B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $2.7B | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
股东权益KOSSPH
| Q4 25 | $528.6M | — | ||
| Q3 25 | $898.8M | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — |
总资产KOSSPH
| Q4 25 | $4.7B | $2.4B | ||
| Q3 25 | $5.1B | $2.3B | ||
| Q2 25 | $5.2B | $2.3B | ||
| Q1 25 | $5.3B | $2.4B | ||
| Q4 24 | $5.3B | $2.4B | ||
| Q3 24 | $5.5B | $2.3B | ||
| Q2 24 | $5.4B | $2.3B | ||
| Q1 24 | $5.4B | $2.3B |
负债/权益比KOSSPH
| Q4 25 | 5.78× | — | ||
| Q3 25 | 3.31× | — | ||
| Q2 25 | 2.80× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.29× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $35.3M | $-47.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-67.5M |
| 自由现金流率自由现金流/营收 | — | -18.2% |
| 资本支出强度资本支出/营收 | — | 5.3% |
| 现金转化率经营现金流/净利润 | — | -1.04× |
| 过去12个月自由现金流最近4个季度 | — | $61.9M |
8季度趋势，按日历期对齐
经营现金流KOSSPH
| Q4 25 | $35.3M | $-47.7M | ||
| Q3 25 | $-27.6M | $41.8M | ||
| Q2 25 | $127.2M | $95.5M | ||
| Q1 25 | $-888.0K | $40.1M | ||
| Q4 24 | $175.7M | $8.8M | ||
| Q3 24 | $6.3M | $36.8M | ||
| Q2 24 | $223.7M | $61.4M | ||
| Q1 24 | $272.6M | $75.1M |
自由现金流KOSSPH
| Q4 25 | — | $-67.5M | ||
| Q3 25 | — | $27.7M | ||
| Q2 25 | — | $80.9M | ||
| Q1 25 | — | $20.8M | ||
| Q4 24 | — | $-15.1M | ||
| Q3 24 | — | $17.7M | ||
| Q2 24 | — | $46.8M | ||
| Q1 24 | — | $60.6M |
自由现金流率KOSSPH
| Q4 25 | — | -18.2% | ||
| Q3 25 | — | 13.1% | ||
| Q2 25 | — | 31.1% | ||
| Q1 25 | — | 3.5% | ||
| Q4 24 | — | -4.0% | ||
| Q3 24 | — | 8.5% | ||
| Q2 24 | — | 18.4% | ||
| Q1 24 | — | 12.2% |
资本支出强度KOSSPH
| Q4 25 | — | 5.3% | ||
| Q3 25 | — | 6.7% | ||
| Q2 25 | — | 5.6% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | — | 9.1% | ||
| Q2 24 | — | 5.8% | ||
| Q1 24 | — | 2.9% |
现金转化率KOSSPH
| Q4 25 | — | -1.04× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 0.45× | ||
| Q3 24 | 0.14× | — | ||
| Q2 24 | 3.74× | — | ||
| Q1 24 | 2.97× | 0.67× |
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
KOS
| Ghana Segment | $134.6M | 46% |
| Gulf Of America | $80.7M | 27% |
| Mauritania And Senegal | $54.9M | 19% |
| Equatorial Guinea Segment | $24.3M | 8% |
SPH
| Propane | $326.4M | 88% |
| Other Sales Revenue Net | $19.9M | 5% |
| Fuel Oil And Refined Fuels | $18.2M | 5% |
| Natural Gas And Electricity | $5.9M | 2% |
| Wholesale | $4.1M | 1% |
