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MARTIN MIDSTREAM PARTNERS L.P.（MMLP）与PROGRESS SOFTWARE CORP（PRGS）财务数据对比。点击上方公司名可切换其他公司
PROGRESS SOFTWARE CORP的季度营收约是MARTIN MIDSTREAM PARTNERS L.P.的1.3倍（$252.7M vs $187.7M），PROGRESS SOFTWARE CORP净利率更高（10.2% vs 1.7%，领先8.5%），PROGRESS SOFTWARE CORP同比增速更快（17.5% vs -2.5%），PROGRESS SOFTWARE CORP自由现金流更多（$59.9M vs $-6.0M），过去两年PROGRESS SOFTWARE CORP的营收复合增速更高（17.0% 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。
Progress Software是全球领先的企业级软件服务商，主营应用开发平台、数据连接工具、数字体验解决方案等产品，服务覆盖金融、医疗、制造、零售等多行业的全球企业客户，助力客户搭建高性能可扩展的业务应用，提升运营效率。
MMLP vs PRGS — 直观对比
营收规模更大
PRGS
是对方的1.3倍
$187.7M
营收增速更快
PRGS
高出20.1%
-2.5%
净利率更高
PRGS
高出8.5%
1.7%
自由现金流更多
PRGS
多$66.0M
$-6.0M
两年增速更快
PRGS
近两年复合增速
0.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $187.7M | $252.7M |
| 净利润 | $3.2M | $25.7M |
| 毛利率 | — | 81.6% |
| 营业利润率 | 4.1% | 15.2% |
| 净利率 | 1.7% | 10.2% |
| 营收同比 | -2.5% | 17.5% |
| 净利润同比 | -37.1% | 2144.6% |
| 每股收益（稀释后） | — | $0.59 |
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MMLPPRGS
| Q1 26 | $187.7M | — | ||
| Q4 25 | $174.2M | $252.7M | ||
| Q3 25 | $168.7M | $249.8M | ||
| Q2 25 | $180.7M | $237.4M | ||
| Q1 25 | $192.5M | $238.0M | ||
| Q4 24 | $171.3M | $215.0M | ||
| Q3 24 | $170.9M | $178.7M | ||
| Q2 24 | $184.5M | $175.1M |
净利润MMLPPRGS
| Q1 26 | $3.2M | — | ||
| Q4 25 | $-2.9M | $25.7M | ||
| Q3 25 | $-8.4M | $19.4M | ||
| Q2 25 | $-2.4M | $17.0M | ||
| Q1 25 | $-1.0M | $10.9M | ||
| Q4 24 | $-8.9M | $1.1M | ||
| Q3 24 | $-3.3M | $28.5M | ||
| Q2 24 | $3.8M | $16.2M |
毛利率MMLPPRGS
| Q1 26 | — | — | ||
| Q4 25 | 57.1% | 81.6% | ||
| Q3 25 | 55.1% | 81.0% | ||
| Q2 25 | 56.5% | 80.1% | ||
| Q1 25 | 53.5% | 80.6% | ||
| Q4 24 | 58.2% | 83.0% | ||
| Q3 24 | 58.5% | 83.7% | ||
| Q2 24 | 58.4% | 81.7% |
营业利润率MMLPPRGS
| Q1 26 | 4.1% | — | ||
| Q4 25 | 7.3% | 15.2% | ||
| Q3 25 | 4.1% | 17.6% | ||
| Q2 25 | 8.2% | 16.3% | ||
| Q1 25 | 7.5% | 13.6% | ||
| Q4 24 | 4.0% | 10.0% | ||
| Q3 24 | 7.4% | 22.6% | ||
| Q2 24 | 10.8% | 15.5% |
净利率MMLPPRGS
| Q1 26 | 1.7% | — | ||
| Q4 25 | -1.7% | 10.2% | ||
| Q3 25 | -5.0% | 7.8% | ||
| Q2 25 | -1.3% | 7.2% | ||
| Q1 25 | -0.5% | 4.6% | ||
| Q4 24 | -5.2% | 0.5% | ||
| Q3 24 | -1.9% | 15.9% | ||
| Q2 24 | 2.0% | 9.2% |
每股收益（稀释后）MMLPPRGS
| Q1 26 | — | — | ||
| Q4 25 | — | $0.59 | ||
| Q3 25 | — | $0.44 | ||
| Q2 25 | — | $0.39 | ||
| Q1 25 | — | $0.24 | ||
| Q4 24 | — | $0.01 | ||
| Q3 24 | — | $0.65 | ||
| Q2 24 | — | $0.37 |
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 | — | $94.8M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | — | $478.3M |
| 总资产 | $537.1M | $2.5B |
| 负债/权益比越低杠杆越低 | — | 2.93× |
8季度趋势，按日历期对齐
现金及短期投资MMLPPRGS
| Q1 26 | — | — | ||
| Q4 25 | — | $94.8M | ||
| Q3 25 | — | $99.0M | ||
| Q2 25 | — | $102.0M | ||
| Q1 25 | — | $124.2M | ||
| Q4 24 | — | $118.1M | ||
| Q3 24 | — | $232.7M | ||
| Q2 24 | — | $190.4M |
总债务MMLPPRGS
| Q1 26 | — | — | ||
| Q4 25 | $428.0M | $1.4B | ||
| Q3 25 | $441.3M | $1.4B | ||
| Q2 25 | $427.8M | $1.5B | ||
| Q1 25 | $451.4M | $1.5B | ||
| Q4 24 | $437.6M | $1.5B | ||
| Q3 24 | $469.3M | — | ||
| Q2 24 | $439.4M | — |
股东权益MMLPPRGS
| Q1 26 | — | — | ||
| Q4 25 | — | $478.3M | ||
| Q3 25 | — | $477.7M | ||
| Q2 25 | — | $452.7M | ||
| Q1 25 | — | $431.8M | ||
| Q4 24 | — | $438.8M | ||
| Q3 24 | — | $425.6M | ||
| Q2 24 | — | $401.7M |
总资产MMLPPRGS
| Q1 26 | $537.1M | — | ||
| Q4 25 | $522.4M | $2.5B | ||
| Q3 25 | $510.1M | $2.4B | ||
| Q2 25 | $515.6M | $2.4B | ||
| Q1 25 | $533.4M | $2.5B | ||
| Q4 24 | $538.5M | $2.5B | ||
| Q3 24 | $554.8M | $1.6B | ||
| Q2 24 | $535.1M | $1.6B |
负债/权益比MMLPPRGS
| Q1 26 | — | — | ||
| Q4 25 | — | 2.93× | ||
| Q3 25 | — | 2.97× | ||
| Q2 25 | — | 3.22× | ||
| Q1 25 | — | 3.50× | ||
| Q4 24 | — | 3.48× | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $62.8M |
| 自由现金流经营现金流 - 资本支出 | $-6.0M | $59.9M |
| 自由现金流率自由现金流/营收 | -3.2% | 23.7% |
| 资本支出强度资本支出/营收 | 1.6% | 1.1% |
| 现金转化率经营现金流/净利润 | — | 2.44× |
| 过去12个月自由现金流最近4个季度 | $27.2M | $229.5M |
8季度趋势，按日历期对齐
经营现金流MMLPPRGS
| Q1 26 | — | — | ||
| Q4 25 | $22.4M | $62.8M | ||
| Q3 25 | $-1.2M | $73.4M | ||
| Q2 25 | $30.9M | $30.0M | ||
| Q1 25 | $-6.0M | $68.9M | ||
| Q4 24 | $42.2M | $19.7M | ||
| Q3 24 | $-15.8M | $57.7M | ||
| Q2 24 | $11.8M | $63.7M |
自由现金流MMLPPRGS
| Q1 26 | $-6.0M | — | ||
| Q4 25 | $15.6M | $59.9M | ||
| Q3 25 | $-7.9M | $72.4M | ||
| Q2 25 | $25.6M | $29.5M | ||
| Q1 25 | $-11.9M | $67.7M | ||
| Q4 24 | $34.2M | $16.8M | ||
| Q3 24 | $-25.6M | $56.6M | ||
| Q2 24 | $-696.0K | $62.7M |
自由现金流率MMLPPRGS
| Q1 26 | -3.2% | — | ||
| Q4 25 | 8.9% | 23.7% | ||
| Q3 25 | -4.7% | 29.0% | ||
| Q2 25 | 14.2% | 12.4% | ||
| Q1 25 | -6.2% | 28.4% | ||
| Q4 24 | 20.0% | 7.8% | ||
| Q3 24 | -15.0% | 31.7% | ||
| Q2 24 | -0.4% | 35.8% |
资本支出强度MMLPPRGS
| Q1 26 | 1.6% | — | ||
| Q4 25 | 3.9% | 1.1% | ||
| Q3 25 | 4.0% | 0.4% | ||
| Q2 25 | 3.0% | 0.2% | ||
| Q1 25 | 3.1% | 0.5% | ||
| Q4 24 | 4.6% | 1.3% | ||
| Q3 24 | 5.8% | 0.6% | ||
| Q2 24 | 6.8% | 0.5% |
现金转化率MMLPPRGS
| Q1 26 | — | — | ||
| Q4 25 | — | 2.44× | ||
| Q3 25 | — | 3.78× | ||
| Q2 25 | — | 1.76× | ||
| Q1 25 | — | 6.30× | ||
| Q4 24 | — | 17.13× | ||
| Q3 24 | — | 2.03× | ||
| Q2 24 | 3.13× | 3.93× |
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% |
PRGS
| Maintenanceand Services | $187.5M | 74% |
| Share File Acquisition | $67.5M | 27% |
