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MARTIN MIDSTREAM PARTNERS L.P.（MMLP）与PREFORMED LINE PRODUCTS CO（PLPC）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PREFORMED LINE PRODUCTS CO的1.1倍（$187.7M vs $173.1M），PREFORMED LINE PRODUCTS CO净利率更高（4.9% vs 1.7%，领先3.2%），PREFORMED LINE PRODUCTS CO同比增速更快（3.6% vs -2.5%），PREFORMED LINE PRODUCTS CO自由现金流更多（$11.8M vs $-6.0M），过去两年PREFORMED LINE PRODUCTS CO的营收复合增速更高（10.8% 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。
预成型线路产品公司（PLPC）研发、生产和销售适用于输配电、通信及可再生能源基建领域的工程硬件组件，服务全球多地的公用事业、网络运营商及工业客户，提供可提升网络可靠性与运营效率的解决方案。
MMLP vs PLPC — 直观对比
营收规模更大
MMLP
是对方的1.1倍
$173.1M
营收增速更快
PLPC
高出6.1%
-2.5%
净利率更高
PLPC
高出3.2%
1.7%
自由现金流更多
PLPC
多$17.8M
$-6.0M
两年增速更快
PLPC
近两年复合增速
0.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $187.7M | $173.1M |
| 净利润 | $3.2M | $8.4M |
| 毛利率 | — | 29.8% |
| 营业利润率 | 4.1% | 6.8% |
| 净利率 | 1.7% | 4.9% |
| 营收同比 | -2.5% | 3.6% |
| 净利润同比 | -37.1% | -19.3% |
| 每股收益（稀释后） | — | $1.72 |
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MMLPPLPC
| Q1 26 | $187.7M | — | ||
| Q4 25 | $174.2M | $173.1M | ||
| Q3 25 | $168.7M | $178.1M | ||
| Q2 25 | $180.7M | $169.6M | ||
| Q1 25 | $192.5M | $148.5M | ||
| Q4 24 | $171.3M | $167.1M | ||
| Q3 24 | $170.9M | $147.0M | ||
| Q2 24 | $184.5M | $138.7M |
净利润MMLPPLPC
| Q1 26 | $3.2M | — | ||
| Q4 25 | $-2.9M | $8.4M | ||
| Q3 25 | $-8.4M | $2.6M | ||
| Q2 25 | $-2.4M | $12.7M | ||
| Q1 25 | $-1.0M | $11.5M | ||
| Q4 24 | $-8.9M | $10.5M | ||
| Q3 24 | $-3.3M | $7.7M | ||
| Q2 24 | $3.8M | $9.4M |
毛利率MMLPPLPC
| Q1 26 | — | — | ||
| Q4 25 | 57.1% | 29.8% | ||
| Q3 25 | 55.1% | 29.7% | ||
| Q2 25 | 56.5% | 32.7% | ||
| Q1 25 | 53.5% | 32.8% | ||
| Q4 24 | 58.2% | 33.3% | ||
| Q3 24 | 58.5% | 31.1% | ||
| Q2 24 | 58.4% | 31.9% |
营业利润率MMLPPLPC
| Q1 26 | 4.1% | — | ||
| Q4 25 | 7.3% | 6.8% | ||
| Q3 25 | 4.1% | 7.4% | ||
| Q2 25 | 8.2% | 10.1% | ||
| Q1 25 | 7.5% | 8.8% | ||
| Q4 24 | 4.0% | 10.5% | ||
| Q3 24 | 7.4% | 7.1% | ||
| Q2 24 | 10.8% | 8.1% |
净利率MMLPPLPC
| Q1 26 | 1.7% | — | ||
| Q4 25 | -1.7% | 4.9% | ||
| Q3 25 | -5.0% | 1.5% | ||
| Q2 25 | -1.3% | 7.5% | ||
| Q1 25 | -0.5% | 7.8% | ||
| Q4 24 | -5.2% | 6.3% | ||
| Q3 24 | -1.9% | 5.2% | ||
| Q2 24 | 2.0% | 6.8% |
每股收益（稀释后）MMLPPLPC
| Q1 26 | — | — | ||
| Q4 25 | — | $1.72 | ||
| Q3 25 | — | $0.53 | ||
| Q2 25 | — | $2.56 | ||
| Q1 25 | — | $2.33 | ||
| Q4 24 | — | $2.13 | ||
| Q3 24 | — | $1.54 | ||
| 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 | — | — |
| 总债务越低越好 | — | $38.3M |
| 股东权益账面价值 | — | $475.5M |
| 总资产 | $537.1M | $653.6M |
| 负债/权益比越低杠杆越低 | — | 0.08× |
8季度趋势，按日历期对齐
总债务MMLPPLPC
| Q1 26 | — | — | ||
| Q4 25 | $428.0M | $38.3M | ||
| Q3 25 | $441.3M | $36.0M | ||
| Q2 25 | $427.8M | $31.8M | ||
| Q1 25 | $451.4M | $29.1M | ||
| Q4 24 | $437.6M | $20.8M | ||
| Q3 24 | $469.3M | $27.2M | ||
| Q2 24 | $439.4M | $31.6M |
股东权益MMLPPLPC
| Q1 26 | — | — | ||
| Q4 25 | — | $475.5M | ||
| Q3 25 | — | $466.3M | ||
| Q2 25 | — | $460.7M | ||
| Q1 25 | — | $435.8M | ||
| Q4 24 | — | $422.3M | ||
| Q3 24 | — | $429.0M | ||
| Q2 24 | — | $416.2M |
总资产MMLPPLPC
| Q1 26 | $537.1M | — | ||
| Q4 25 | $522.4M | $653.6M | ||
| Q3 25 | $510.1M | $644.6M | ||
| Q2 25 | $515.6M | $631.5M | ||
| Q1 25 | $533.4M | $592.5M | ||
| Q4 24 | $538.5M | $573.9M | ||
| Q3 24 | $554.8M | $592.0M | ||
| Q2 24 | $535.1M | $572.6M |
负债/权益比MMLPPLPC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.08× | ||
| Q3 25 | — | 0.08× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | 0.07× | ||
| Q4 24 | — | 0.05× | ||
| Q3 24 | — | 0.06× | ||
| Q2 24 | — | 0.08× |
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 | — | $21.9M |
| 自由现金流经营现金流 - 资本支出 | $-6.0M | $11.8M |
| 自由现金流率自由现金流/营收 | -3.2% | 6.8% |
| 资本支出强度资本支出/营收 | 1.6% | 5.9% |
| 现金转化率经营现金流/净利润 | — | 2.60× |
| 过去12个月自由现金流最近4个季度 | $27.2M | $33.3M |
8季度趋势，按日历期对齐
经营现金流MMLPPLPC
| Q1 26 | — | — | ||
| Q4 25 | $22.4M | $21.9M | ||
| Q3 25 | $-1.2M | $18.9M | ||
| Q2 25 | $30.9M | $26.9M | ||
| Q1 25 | $-6.0M | $5.7M | ||
| Q4 24 | $42.2M | $24.1M | ||
| Q3 24 | $-15.8M | $9.4M | ||
| Q2 24 | $11.8M | $28.3M |
自由现金流MMLPPLPC
| Q1 26 | $-6.0M | — | ||
| Q4 25 | $15.6M | $11.8M | ||
| Q3 25 | $-7.9M | $8.3M | ||
| Q2 25 | $25.6M | $18.6M | ||
| Q1 25 | $-11.9M | $-5.3M | ||
| Q4 24 | $34.2M | $20.6M | ||
| Q3 24 | $-25.6M | $5.8M | ||
| Q2 24 | $-696.0K | $24.6M |
自由现金流率MMLPPLPC
| Q1 26 | -3.2% | — | ||
| Q4 25 | 8.9% | 6.8% | ||
| Q3 25 | -4.7% | 4.7% | ||
| Q2 25 | 14.2% | 10.9% | ||
| Q1 25 | -6.2% | -3.6% | ||
| Q4 24 | 20.0% | 12.3% | ||
| Q3 24 | -15.0% | 3.9% | ||
| Q2 24 | -0.4% | 17.7% |
资本支出强度MMLPPLPC
| Q1 26 | 1.6% | — | ||
| Q4 25 | 3.9% | 5.9% | ||
| Q3 25 | 4.0% | 6.0% | ||
| Q2 25 | 3.0% | 4.9% | ||
| Q1 25 | 3.1% | 7.4% | ||
| Q4 24 | 4.6% | 2.1% | ||
| Q3 24 | 5.8% | 2.4% | ||
| Q2 24 | 6.8% | 2.7% |
现金转化率MMLPPLPC
| Q1 26 | — | — | ||
| Q4 25 | — | 2.60× | ||
| Q3 25 | — | 7.21× | ||
| Q2 25 | — | 2.12× | ||
| Q1 25 | — | 0.49× | ||
| Q4 24 | — | 2.30× | ||
| Q3 24 | — | 1.22× | ||
| Q2 24 | 3.13× | 3.02× |
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% |
PLPC
暂无分部数据
