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MARTIN MIDSTREAM PARTNERS L.P.（MMLP）与OneStream, Inc.（OS）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OneStream, Inc.的1.1倍（$187.7M vs $163.7M），MARTIN MIDSTREAM PARTNERS L.P.净利率更高（1.7% vs 0.6%，领先1.1%），OneStream, Inc.同比增速更快（23.6% vs -2.5%），OneStream, Inc.自由现金流更多（$25.6M vs $-6.0M），过去两年OneStream, Inc.的营收复合增速更高（21.8% vs 0.8%）
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。
Blue Stream面向美国佛罗里达州科勒尔斯普林斯、韦斯顿两地的居民及商业客户，提供有线电视、有线固话、数字录像服务，以及最高速率达1G的宽带互联网接入服务，深耕当地通信市场，为用户提供稳定可靠的多元通信解决方案。
MMLP vs OS — 直观对比
营收规模更大
MMLP
是对方的1.1倍
$163.7M
营收增速更快
OS
高出26.1%
-2.5%
净利率更高
MMLP
高出1.1%
0.6%
自由现金流更多
OS
多$31.7M
$-6.0M
两年增速更快
OS
近两年复合增速
0.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $187.7M | $163.7M |
| 净利润 | $3.2M | $999.0K |
| 毛利率 | — | 69.8% |
| 营业利润率 | 4.1% | -3.2% |
| 净利率 | 1.7% | 0.6% |
| 营收同比 | -2.5% | 23.6% |
| 净利润同比 | -37.1% | — |
| 每股收益（稀释后） | — | — |
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MMLPOS
| Q1 26 | $187.7M | — | ||
| Q4 25 | $174.2M | $163.7M | ||
| Q3 25 | $168.7M | $154.3M | ||
| Q2 25 | $180.7M | $147.6M | ||
| Q1 25 | $192.5M | $136.3M | ||
| Q4 24 | $171.3M | $132.5M | ||
| Q3 24 | $170.9M | $129.1M | ||
| Q2 24 | $184.5M | $117.5M |
净利润MMLPOS
| Q1 26 | $3.2M | — | ||
| Q4 25 | $-2.9M | $999.0K | ||
| Q3 25 | $-8.4M | $-8.8M | ||
| Q2 25 | $-2.4M | $-18.4M | ||
| Q1 25 | $-1.0M | $-24.0M | ||
| Q4 24 | $-8.9M | — | ||
| Q3 24 | $-3.3M | $-171.9M | ||
| Q2 24 | $3.8M | $-7.8M |
毛利率MMLPOS
| Q1 26 | — | — | ||
| Q4 25 | 57.1% | 69.8% | ||
| Q3 25 | 55.1% | 68.1% | ||
| Q2 25 | 56.5% | 68.6% | ||
| Q1 25 | 53.5% | 68.0% | ||
| Q4 24 | 58.2% | 66.8% | ||
| Q3 24 | 58.5% | 50.1% | ||
| Q2 24 | 58.4% | 68.5% |
营业利润率MMLPOS
| Q1 26 | 4.1% | — | ||
| Q4 25 | 7.3% | -3.2% | ||
| Q3 25 | 4.1% | -11.3% | ||
| Q2 25 | 8.2% | -21.8% | ||
| Q1 25 | 7.5% | -29.3% | ||
| Q4 24 | 4.0% | -35.8% | ||
| Q3 24 | 7.4% | -197.6% | ||
| Q2 24 | 10.8% | -9.8% |
净利率MMLPOS
| Q1 26 | 1.7% | — | ||
| Q4 25 | -1.7% | 0.6% | ||
| Q3 25 | -5.0% | -5.7% | ||
| Q2 25 | -1.3% | -12.5% | ||
| Q1 25 | -0.5% | -17.6% | ||
| Q4 24 | -5.2% | — | ||
| Q3 24 | -1.9% | -133.1% | ||
| Q2 24 | 2.0% | -6.7% |
每股收益（稀释后）MMLPOS
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-1.06 | ||
| Q2 24 | — | — |
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 | — | $693.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $504.7M |
| 总资产 | $537.1M | $1.0B |
| 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MMLPOS
| Q1 26 | — | — | ||
| Q4 25 | — | $693.6M | ||
| Q3 25 | — | $653.9M | ||
| Q2 25 | — | $652.1M | ||
| Q1 25 | — | $593.9M | ||
| Q4 24 | — | $544.2M | ||
| Q3 24 | — | $495.5M | ||
| Q2 24 | — | $140.5M |
总债务MMLPOS
| Q1 26 | — | — | ||
| Q4 25 | $428.0M | — | ||
| Q3 25 | $441.3M | — | ||
| Q2 25 | $427.8M | — | ||
| Q1 25 | $451.4M | — | ||
| Q4 24 | $437.6M | — | ||
| Q3 24 | $469.3M | — | ||
| Q2 24 | $439.4M | — |
股东权益MMLPOS
| Q1 26 | — | — | ||
| Q4 25 | — | $504.7M | ||
| Q3 25 | — | $472.1M | ||
| Q2 25 | — | $458.2M | ||
| Q1 25 | — | $412.9M | ||
| Q4 24 | — | $386.2M | ||
| Q3 24 | — | $458.2M | ||
| Q2 24 | — | $97.5M |
总资产MMLPOS
| Q1 26 | $537.1M | — | ||
| Q4 25 | $522.4M | $1.0B | ||
| Q3 25 | $510.1M | $949.4M | ||
| Q2 25 | $515.6M | $910.5M | ||
| Q1 25 | $533.4M | $867.3M | ||
| Q4 24 | $538.5M | $823.2M | ||
| Q3 24 | $554.8M | $750.1M | ||
| Q2 24 | $535.1M | $379.7M |
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 | — | $25.8M |
| 自由现金流经营现金流 - 资本支出 | $-6.0M | $25.6M |
| 自由现金流率自由现金流/营收 | -3.2% | 15.7% |
| 资本支出强度资本支出/营收 | 1.6% | 0.1% |
| 现金转化率经营现金流/净利润 | — | 25.79× |
| 过去12个月自由现金流最近4个季度 | $27.2M | $95.6M |
8季度趋势，按日历期对齐
经营现金流MMLPOS
| Q1 26 | — | — | ||
| Q4 25 | $22.4M | $25.8M | ||
| Q3 25 | $-1.2M | $5.0M | ||
| Q2 25 | $30.9M | $29.7M | ||
| Q1 25 | $-6.0M | $36.2M | ||
| Q4 24 | $42.2M | — | ||
| Q3 24 | $-15.8M | $2.4M | ||
| Q2 24 | $11.8M | $8.1M |
自由现金流MMLPOS
| Q1 26 | $-6.0M | — | ||
| Q4 25 | $15.6M | $25.6M | ||
| Q3 25 | $-7.9M | $4.8M | ||
| Q2 25 | $25.6M | $29.4M | ||
| Q1 25 | $-11.9M | $35.8M | ||
| Q4 24 | $34.2M | — | ||
| Q3 24 | $-25.6M | $1.3M | ||
| Q2 24 | $-696.0K | $7.7M |
自由现金流率MMLPOS
| Q1 26 | -3.2% | — | ||
| Q4 25 | 8.9% | 15.7% | ||
| Q3 25 | -4.7% | 3.1% | ||
| Q2 25 | 14.2% | 19.9% | ||
| Q1 25 | -6.2% | 26.3% | ||
| Q4 24 | 20.0% | — | ||
| Q3 24 | -15.0% | 1.0% | ||
| Q2 24 | -0.4% | 6.6% |
资本支出强度MMLPOS
| Q1 26 | 1.6% | — | ||
| Q4 25 | 3.9% | 0.1% | ||
| Q3 25 | 4.0% | 0.1% | ||
| Q2 25 | 3.0% | 0.2% | ||
| Q1 25 | 3.1% | 0.3% | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 5.8% | 0.8% | ||
| Q2 24 | 6.8% | 0.3% |
现金转化率MMLPOS
| Q1 26 | — | — | ||
| Q4 25 | — | 25.79× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 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
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% |
OS
| Subscription And Circulation | $150.3M | 92% |
| Professional Services And Other | $9.4M | 6% |
| License | $4.0M | 2% |
