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MARTIN MIDSTREAM PARTNERS L.P.（MMLP）与Penguin Solutions, Inc.（PENG）财务数据对比。点击上方公司名可切换其他公司
Penguin Solutions, Inc.的季度营收约是MARTIN MIDSTREAM PARTNERS L.P.的1.8倍（$343.1M vs $187.7M），MARTIN MIDSTREAM PARTNERS L.P.净利率更高（1.7% vs 1.5%，领先0.2%），Penguin Solutions, Inc.同比增速更快（0.6% vs -2.5%），Penguin Solutions, Inc.自由现金流更多（$28.2M vs $-6.0M），过去两年Penguin Solutions, Inc.的营收复合增速更高（11.8% 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。
企鹅解决方案公司旗下的兰波集团以拉姆齐解决方案品牌开展业务，是一家美国企业，业务涵盖个人理财、领导力发展、人际关系管理与职业发展相关产品与服务。该公司由戴夫·拉姆齐与妻子莎伦于1991年创立，总部位于田纳西州富兰克林。
MMLP vs PENG — 直观对比
营收规模更大
PENG
是对方的1.8倍
$187.7M
营收增速更快
PENG
高出3.1%
-2.5%
净利率更高
MMLP
高出0.2%
1.5%
自由现金流更多
PENG
多$34.2M
$-6.0M
两年增速更快
PENG
近两年复合增速
0.8%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $187.7M | $343.1M |
| 净利润 | $3.2M | $5.3M |
| 毛利率 | — | 28.0% |
| 营业利润率 | 4.1% | 5.7% |
| 净利率 | 1.7% | 1.5% |
| 营收同比 | -2.5% | 0.6% |
| 净利润同比 | -37.1% | 1.0% |
| 每股收益（稀释后） | — | $0.04 |
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MMLPPENG
| Q1 26 | $187.7M | — | ||
| Q4 25 | $174.2M | $343.1M | ||
| Q3 25 | $168.7M | $337.9M | ||
| Q2 25 | $180.7M | $324.3M | ||
| Q1 25 | $192.5M | $365.5M | ||
| Q4 24 | $171.3M | $341.1M | ||
| Q3 24 | $170.9M | $284.8M | ||
| Q2 24 | $184.5M | $300.6M |
净利润MMLPPENG
| Q1 26 | $3.2M | — | ||
| Q4 25 | $-2.9M | $5.3M | ||
| Q3 25 | $-8.4M | $9.4M | ||
| Q2 25 | $-2.4M | $2.7M | ||
| Q1 25 | $-1.0M | $8.1M | ||
| Q4 24 | $-8.9M | $5.2M | ||
| Q3 24 | $-3.3M | — | ||
| Q2 24 | $3.8M | $5.6M |
毛利率MMLPPENG
| Q1 26 | — | — | ||
| Q4 25 | 57.1% | 28.0% | ||
| Q3 25 | 55.1% | 28.6% | ||
| Q2 25 | 56.5% | 29.3% | ||
| Q1 25 | 53.5% | 28.6% | ||
| Q4 24 | 58.2% | 28.7% | ||
| Q3 24 | 58.5% | 28.8% | ||
| Q2 24 | 58.4% | 29.6% |
营业利润率MMLPPENG
| Q1 26 | 4.1% | — | ||
| Q4 25 | 7.3% | 5.7% | ||
| Q3 25 | 4.1% | 3.7% | ||
| Q2 25 | 8.2% | 3.0% | ||
| Q1 25 | 7.5% | 5.1% | ||
| Q4 24 | 4.0% | 5.1% | ||
| Q3 24 | 7.4% | -1.2% | ||
| Q2 24 | 10.8% | 3.8% |
净利率MMLPPENG
| Q1 26 | 1.7% | — | ||
| Q4 25 | -1.7% | 1.5% | ||
| Q3 25 | -5.0% | 2.8% | ||
| Q2 25 | -1.3% | 0.8% | ||
| Q1 25 | -0.5% | 2.2% | ||
| Q4 24 | -5.2% | 1.5% | ||
| Q3 24 | -1.9% | — | ||
| Q2 24 | 2.0% | 1.9% |
每股收益（稀释后）MMLPPENG
| Q1 26 | — | — | ||
| Q4 25 | — | $0.04 | ||
| Q3 25 | — | $0.10 | ||
| Q2 25 | — | $-0.01 | ||
| Q1 25 | — | $0.09 | ||
| Q4 24 | — | $0.10 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $0.10 |
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 | — | $461.5M |
| 总债务越低越好 | — | $462.3M |
| 股东权益账面价值 | — | $389.7M |
| 总资产 | $537.1M | $1.6B |
| 负债/权益比越低杠杆越低 | — | 1.19× |
8季度趋势，按日历期对齐
现金及短期投资MMLPPENG
| Q1 26 | — | — | ||
| Q4 25 | — | $461.5M | ||
| Q3 25 | — | $453.8M | ||
| Q2 25 | — | $735.5M | ||
| Q1 25 | — | $647.0M | ||
| Q4 24 | — | $393.7M | ||
| Q3 24 | — | $389.5M | ||
| Q2 24 | — | $467.5M |
总债务MMLPPENG
| Q1 26 | — | — | ||
| Q4 25 | $428.0M | $462.3M | ||
| Q3 25 | $441.3M | $461.8M | ||
| Q2 25 | $427.8M | $659.5M | ||
| Q1 25 | $451.4M | $658.8M | ||
| Q4 24 | $437.6M | $658.1M | ||
| Q3 24 | $469.3M | $657.3M | ||
| Q2 24 | $439.4M | $667.0M |
股东权益MMLPPENG
| Q1 26 | — | — | ||
| Q4 25 | — | $389.7M | ||
| Q3 25 | — | $394.2M | ||
| Q2 25 | — | $584.8M | ||
| Q1 25 | — | $602.5M | ||
| Q4 24 | — | $400.4M | ||
| Q3 24 | — | $391.4M | ||
| Q2 24 | — | $423.4M |
总资产MMLPPENG
| Q1 26 | $537.1M | — | ||
| Q4 25 | $522.4M | $1.6B | ||
| Q3 25 | $510.1M | $1.6B | ||
| Q2 25 | $515.6M | $1.8B | ||
| Q1 25 | $533.4M | $1.8B | ||
| Q4 24 | $538.5M | $1.6B | ||
| Q3 24 | $554.8M | $1.5B | ||
| Q2 24 | $535.1M | $1.5B |
负债/权益比MMLPPENG
| Q1 26 | — | — | ||
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | — | 1.13× | ||
| Q1 25 | — | 1.09× | ||
| Q4 24 | — | 1.64× | ||
| Q3 24 | — | 1.68× | ||
| Q2 24 | — | 1.58× |
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 | — | $31.1M |
| 自由现金流经营现金流 - 资本支出 | $-6.0M | $28.2M |
| 自由现金流率自由现金流/营收 | -3.2% | 8.2% |
| 资本支出强度资本支出/营收 | 1.6% | 0.8% |
| 现金转化率经营现金流/净利润 | — | 5.89× |
| 过去12个月自由现金流最近4个季度 | $27.2M | $116.3M |
8季度趋势，按日历期对齐
经营现金流MMLPPENG
| Q1 26 | — | — | ||
| Q4 25 | $22.4M | $31.1M | ||
| Q3 25 | $-1.2M | $-70.4M | ||
| Q2 25 | $30.9M | $92.8M | ||
| Q1 25 | $-6.0M | $72.9M | ||
| Q4 24 | $42.2M | $13.8M | ||
| Q3 24 | $-15.8M | — | ||
| Q2 24 | $11.8M | $57.9M |
自由现金流MMLPPENG
| Q1 26 | $-6.0M | — | ||
| Q4 25 | $15.6M | $28.2M | ||
| Q3 25 | $-7.9M | $-73.4M | ||
| Q2 25 | $25.6M | $90.9M | ||
| Q1 25 | $-11.9M | $70.5M | ||
| Q4 24 | $34.2M | $12.0M | ||
| Q3 24 | $-25.6M | — | ||
| Q2 24 | $-696.0K | $48.9M |
自由现金流率MMLPPENG
| Q1 26 | -3.2% | — | ||
| Q4 25 | 8.9% | 8.2% | ||
| Q3 25 | -4.7% | -21.7% | ||
| Q2 25 | 14.2% | 28.0% | ||
| Q1 25 | -6.2% | 19.3% | ||
| Q4 24 | 20.0% | 3.5% | ||
| Q3 24 | -15.0% | — | ||
| Q2 24 | -0.4% | 16.3% |
资本支出强度MMLPPENG
| Q1 26 | 1.6% | — | ||
| Q4 25 | 3.9% | 0.8% | ||
| Q3 25 | 4.0% | 0.9% | ||
| Q2 25 | 3.0% | 0.6% | ||
| Q1 25 | 3.1% | 0.6% | ||
| Q4 24 | 4.6% | 0.5% | ||
| Q3 24 | 5.8% | — | ||
| Q2 24 | 6.8% | 3.0% |
现金转化率MMLPPENG
| Q1 26 | — | — | ||
| Q4 25 | — | 5.89× | ||
| Q3 25 | — | -7.47× | ||
| Q2 25 | — | 34.88× | ||
| Q1 25 | — | 9.02× | ||
| Q4 24 | — | 2.65× | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.13× | 10.30× |
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% |
PENG
| Integrated Memory Segment | $171.6M | 50% |
| Advanced Computing Segment | $115.7M | 34% |
| Optimized LED Segment | $55.7M | 16% |
