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CENTRUS ENERGY CORP（LEU）与MARTIN MIDSTREAM PARTNERS L.P.（MMLP）财务数据对比。点击上方公司名可切换其他公司
MARTIN MIDSTREAM PARTNERS L.P.的季度营收约是CENTRUS ENERGY CORP的1.3倍（$187.7M vs $146.2M），MARTIN MIDSTREAM PARTNERS L.P.同比增速更快（-2.5% vs -3.6%），MARTIN MIDSTREAM PARTNERS L.P.自由现金流更多（$-6.0M vs $-58.0M），过去两年CENTRUS ENERGY CORP的营收复合增速更高（82.9% vs 0.8%）
Centrus Energy Corp是美国能源企业，主营核电站所需核燃料供应，同时专注于离心技术的研发与落地推广，生产可应用于商业、政府场景及国家安全领域的浓缩铀产品。
Martin Midstream Partners L.P.是美国中游能源服务提供商，主营原油、天然气液、精炼石油产品及特种化学品的存储、运输、分销与加工服务，主要服务北美能源及工业领域客户。
LEU vs MMLP — 直观对比
营收规模更大
MMLP
是对方的1.3倍
$146.2M
营收增速更快
MMLP
高出1.0%
-3.6%
自由现金流更多
MMLP
多$52.0M
$-58.0M
两年增速更快
LEU
近两年复合增速
0.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $146.2M | $187.7M |
| 净利润 | — | $3.2M |
| 毛利率 | 23.9% | — |
| 营业利润率 | 8.8% | — |
| 净利率 | — | 1.7% |
| 营收同比 | -3.6% | -2.5% |
| 净利润同比 | — | 132.4% |
| 每股收益（稀释后） | $0.52 | — |
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LEUMMLP
| Q1 26 | — | $187.7M | ||
| Q4 25 | $146.2M | $174.2M | ||
| Q3 25 | $74.9M | $168.7M | ||
| Q2 25 | $154.5M | $180.7M | ||
| Q1 25 | $73.1M | $192.5M | ||
| Q4 24 | $151.6M | $171.3M | ||
| Q3 24 | $57.7M | $170.9M | ||
| Q2 24 | $189.0M | $184.5M |
净利润LEUMMLP
| Q1 26 | — | $3.2M | ||
| Q4 25 | — | $-2.9M | ||
| Q3 25 | $3.9M | $-8.4M | ||
| Q2 25 | $28.9M | $-2.4M | ||
| Q1 25 | $27.2M | $-1.0M | ||
| Q4 24 | — | $-8.9M | ||
| Q3 24 | $-5.0M | $-3.3M | ||
| Q2 24 | $30.6M | $3.8M |
毛利率LEUMMLP
| Q1 26 | — | — | ||
| Q4 25 | 23.9% | 57.1% | ||
| Q3 25 | -5.7% | 55.1% | ||
| Q2 25 | 34.9% | 56.5% | ||
| Q1 25 | 45.0% | 53.5% | ||
| Q4 24 | 40.8% | 58.2% | ||
| Q3 24 | 15.4% | 58.5% | ||
| Q2 24 | 19.3% | 58.4% |
营业利润率LEUMMLP
| Q1 26 | — | — | ||
| Q4 25 | 8.8% | 7.3% | ||
| Q3 25 | -22.2% | 4.1% | ||
| Q2 25 | 21.7% | 8.2% | ||
| Q1 25 | 28.0% | 7.5% | ||
| Q4 24 | 29.7% | 4.0% | ||
| Q3 24 | -13.2% | 7.4% | ||
| Q2 24 | 11.2% | 10.8% |
净利率LEUMMLP
| Q1 26 | — | 1.7% | ||
| Q4 25 | — | -1.7% | ||
| Q3 25 | 5.2% | -5.0% | ||
| Q2 25 | 18.7% | -1.3% | ||
| Q1 25 | 37.2% | -0.5% | ||
| Q4 24 | — | -5.2% | ||
| Q3 24 | -8.7% | -1.9% | ||
| Q2 24 | 16.2% | 2.0% |
每股收益（稀释后）LEUMMLP
| Q1 26 | — | — | ||
| Q4 25 | $0.52 | — | ||
| Q3 25 | $0.19 | — | ||
| Q2 25 | $1.59 | — | ||
| Q1 25 | $1.60 | — | ||
| Q4 24 | $3.26 | — | ||
| Q3 24 | $-0.30 | — | ||
| Q2 24 | $1.89 | — |
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 | $2.0B | — |
| 总债务越低越好 | $1.2B | — |
| 股东权益账面价值 | $765.1M | — |
| 总资产 | $2.4B | $537.1M |
| 负债/权益比越低杠杆越低 | 1.54× | — |
8季度趋势，按日历期对齐
现金及短期投资LEUMMLP
| Q1 26 | — | — | ||
| Q4 25 | $2.0B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $833.0M | — | ||
| Q1 25 | $653.0M | — | ||
| Q4 24 | $671.4M | — | ||
| Q3 24 | $194.3M | — | ||
| Q2 24 | $227.0M | — |
总债务LEUMMLP
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $428.0M | ||
| Q3 25 | $1.2B | $441.3M | ||
| Q2 25 | $390.0M | $427.8M | ||
| Q1 25 | $389.5M | $451.4M | ||
| Q4 24 | $472.5M | $437.6M | ||
| Q3 24 | $83.5M | $469.3M | ||
| Q2 24 | $86.5M | $439.4M |
股东权益LEUMMLP
| Q1 26 | — | — | ||
| Q4 25 | $765.1M | — | ||
| Q3 25 | $363.1M | — | ||
| Q2 25 | $359.1M | — | ||
| Q1 25 | $213.9M | — | ||
| Q4 24 | $161.4M | — | ||
| Q3 24 | $76.4M | — | ||
| Q2 24 | $76.6M | — |
总资产LEUMMLP
| Q1 26 | — | $537.1M | ||
| Q4 25 | $2.4B | $522.4M | ||
| Q3 25 | $2.2B | $510.1M | ||
| Q2 25 | $1.3B | $515.6M | ||
| Q1 25 | $1.3B | $533.4M | ||
| Q4 24 | $1.1B | $538.5M | ||
| Q3 24 | $591.0M | $554.8M | ||
| Q2 24 | $668.2M | $535.1M |
负债/权益比LEUMMLP
| Q1 26 | — | — | ||
| Q4 25 | 1.54× | — | ||
| Q3 25 | 3.23× | — | ||
| Q2 25 | 1.09× | — | ||
| Q1 25 | 1.82× | — | ||
| Q4 24 | 2.93× | — | ||
| Q3 24 | 1.09× | — | ||
| Q2 24 | 1.13× | — |
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 | $-48.4M | — |
| 自由现金流经营现金流 - 资本支出 | $-58.0M | $-6.0M |
| 自由现金流率自由现金流/营收 | -39.7% | -3.2% |
| 资本支出强度资本支出/营收 | 6.6% | 1.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $31.3M | $27.2M |
8季度趋势，按日历期对齐
经营现金流LEUMMLP
| Q1 26 | — | — | ||
| Q4 25 | $-48.4M | $22.4M | ||
| Q3 25 | $10.1M | $-1.2M | ||
| Q2 25 | $52.8M | $30.9M | ||
| Q1 25 | $36.5M | $-6.0M | ||
| Q4 24 | $57.9M | $42.2M | ||
| Q3 24 | $-33.2M | $-15.8M | ||
| Q2 24 | $7.0M | $11.8M |
自由现金流LEUMMLP
| Q1 26 | — | $-6.0M | ||
| Q4 25 | $-58.0M | $15.6M | ||
| Q3 25 | $5.7M | $-7.9M | ||
| Q2 25 | $49.2M | $25.6M | ||
| Q1 25 | $34.4M | $-11.9M | ||
| Q4 24 | $57.2M | $34.2M | ||
| Q3 24 | $-34.2M | $-25.6M | ||
| Q2 24 | $6.1M | $-696.0K |
自由现金流率LEUMMLP
| Q1 26 | — | -3.2% | ||
| Q4 25 | -39.7% | 8.9% | ||
| Q3 25 | 7.6% | -4.7% | ||
| Q2 25 | 31.8% | 14.2% | ||
| Q1 25 | 47.1% | -6.2% | ||
| Q4 24 | 37.7% | 20.0% | ||
| Q3 24 | -59.3% | -15.0% | ||
| Q2 24 | 3.2% | -0.4% |
资本支出强度LEUMMLP
| Q1 26 | — | 1.6% | ||
| Q4 25 | 6.6% | 3.9% | ||
| Q3 25 | 5.9% | 4.0% | ||
| Q2 25 | 2.3% | 3.0% | ||
| Q1 25 | 2.9% | 3.1% | ||
| Q4 24 | 0.5% | 4.6% | ||
| Q3 24 | 1.7% | 5.8% | ||
| Q2 24 | 0.5% | 6.8% |
现金转化率LEUMMLP
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 2.59× | — | ||
| Q2 25 | 1.83× | — | ||
| Q1 25 | 1.34× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.23× | 3.13× |
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
LEU
| Separative Work Units | $111.0M | 76% |
| Services | $21.8M | 15% |
| Other | $13.4M | 9% |
MMLP
| Specialty products | $61.6M | 33% |
| Transportation * | $52.8M | 28% |
| Other | $46.5M | 25% |
| Terminalling and storage * | $22.4M | 12% |
| Sulfur services | $4.4M | 2% |
