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MARTIN MIDSTREAM PARTNERS L.P.（MMLP）与Proto Labs Inc（PRLB）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Proto Labs Inc的1.3倍（$187.7M vs $139.3M），Proto Labs Inc净利率更高（5.8% vs 1.7%，领先4.1%），Proto Labs Inc同比增速更快（10.4% vs -2.5%），过去两年Proto Labs Inc的营收复合增速更高（5.3% 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。
Proto Labs是一家提供快速制造服务的企业，可通过3D打印、CNC加工、钣金加工以及注塑成型工艺，为客户生产用于原型制作和量产的定制零部件，产品广泛应用于医疗设备、航空航天、电子、家电、汽车、消费品等多个领域，公司总部位于美国明尼苏达州，在美国多地设有生产基地。
MMLP vs PRLB — 直观对比
营收规模更大
MMLP
是对方的1.3倍
$139.3M
营收增速更快
PRLB
高出12.9%
-2.5%
净利率更高
PRLB
高出4.1%
1.7%
两年增速更快
PRLB
近两年复合增速
0.8%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $187.7M | $139.3M |
| 净利润 | $3.2M | $8.1M |
| 毛利率 | — | 45.6% |
| 营业利润率 | 4.1% | 7.1% |
| 净利率 | 1.7% | 5.8% |
| 营收同比 | -2.5% | 10.4% |
| 净利润同比 | -37.1% | 125.4% |
| 每股收益（稀释后） | — | $0.29 |
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MMLPPRLB
| Q1 26 | $187.7M | $139.3M | ||
| Q4 25 | $174.2M | $136.5M | ||
| Q3 25 | $168.7M | $135.4M | ||
| Q2 25 | $180.7M | $135.1M | ||
| Q1 25 | $192.5M | $126.2M | ||
| Q4 24 | $171.3M | $121.8M | ||
| Q3 24 | $170.9M | $125.6M | ||
| Q2 24 | $184.5M | $125.6M |
净利润MMLPPRLB
| Q1 26 | $3.2M | $8.1M | ||
| Q4 25 | $-2.9M | — | ||
| Q3 25 | $-8.4M | $7.2M | ||
| Q2 25 | $-2.4M | $4.4M | ||
| Q1 25 | $-1.0M | $3.6M | ||
| Q4 24 | $-8.9M | — | ||
| Q3 24 | $-3.3M | $7.2M | ||
| Q2 24 | $3.8M | $4.5M |
毛利率MMLPPRLB
| Q1 26 | — | 45.6% | ||
| Q4 25 | 57.1% | 44.2% | ||
| Q3 25 | 55.1% | 45.3% | ||
| Q2 25 | 56.5% | 44.3% | ||
| Q1 25 | 53.5% | 44.1% | ||
| Q4 24 | 58.2% | 42.7% | ||
| Q3 24 | 58.5% | 45.6% | ||
| Q2 24 | 58.4% | 45.0% |
营业利润率MMLPPRLB
| Q1 26 | 4.1% | 7.1% | ||
| Q4 25 | 7.3% | 5.0% | ||
| Q3 25 | 4.1% | 6.5% | ||
| Q2 25 | 8.2% | 3.7% | ||
| Q1 25 | 7.5% | 3.6% | ||
| Q4 24 | 4.0% | -1.2% | ||
| Q3 24 | 7.4% | 6.8% | ||
| Q2 24 | 10.8% | 4.8% |
净利率MMLPPRLB
| Q1 26 | 1.7% | 5.8% | ||
| Q4 25 | -1.7% | — | ||
| Q3 25 | -5.0% | 5.3% | ||
| Q2 25 | -1.3% | 3.3% | ||
| Q1 25 | -0.5% | 2.9% | ||
| Q4 24 | -5.2% | — | ||
| Q3 24 | -1.9% | 5.7% | ||
| Q2 24 | 2.0% | 3.6% |
每股收益（稀释后）MMLPPRLB
| Q1 26 | — | $0.29 | ||
| Q4 25 | — | $0.25 | ||
| Q3 25 | — | $0.30 | ||
| Q2 25 | — | $0.18 | ||
| Q1 25 | — | $0.15 | ||
| Q4 24 | — | $-0.01 | ||
| Q3 24 | — | $0.29 | ||
| Q2 24 | — | $0.18 |
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 | — | $124.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $683.1M |
| 总资产 | $537.1M | $778.6M |
| 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MMLPPRLB
| Q1 26 | — | $124.0M | ||
| Q4 25 | — | $128.1M | ||
| Q3 25 | — | $119.2M | ||
| Q2 25 | — | $103.2M | ||
| Q1 25 | — | $96.8M | ||
| Q4 24 | — | $103.1M | ||
| Q3 24 | — | $100.5M | ||
| Q2 24 | — | $112.9M |
总债务MMLPPRLB
| 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MMLPPRLB
| Q1 26 | — | $683.1M | ||
| Q4 25 | — | $673.9M | ||
| Q3 25 | — | $664.7M | ||
| Q2 25 | — | $664.7M | ||
| Q1 25 | — | $656.8M | ||
| Q4 24 | — | $670.2M | ||
| Q3 24 | — | $680.0M | ||
| Q2 24 | — | $685.2M |
总资产MMLPPRLB
| Q1 26 | $537.1M | $778.6M | ||
| Q4 25 | $522.4M | $763.4M | ||
| Q3 25 | $510.1M | $756.9M | ||
| Q2 25 | $515.6M | $743.3M | ||
| Q1 25 | $533.4M | $737.5M | ||
| Q4 24 | $538.5M | $743.5M | ||
| Q3 24 | $554.8M | $753.8M | ||
| Q2 24 | $535.1M | $758.2M |
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 | — | $17.5M |
| 自由现金流经营现金流 - 资本支出 | $-6.0M | — |
| 自由现金流率自由现金流/营收 | -3.2% | — |
| 资本支出强度资本支出/营收 | 1.6% | — |
| 现金转化率经营现金流/净利润 | — | 2.16× |
| 过去12个月自由现金流最近4个季度 | $27.2M | — |
8季度趋势，按日历期对齐
经营现金流MMLPPRLB
| Q1 26 | — | $17.5M | ||
| Q4 25 | $22.4M | $16.5M | ||
| Q3 25 | $-1.2M | $29.1M | ||
| Q2 25 | $30.9M | $10.6M | ||
| Q1 25 | $-6.0M | $18.4M | ||
| Q4 24 | $42.2M | $17.3M | ||
| Q3 24 | $-15.8M | $24.8M | ||
| Q2 24 | $11.8M | $14.4M |
自由现金流MMLPPRLB
| Q1 26 | $-6.0M | — | ||
| Q4 25 | $15.6M | $8.4M | ||
| Q3 25 | $-7.9M | $25.0M | ||
| Q2 25 | $25.6M | $9.1M | ||
| Q1 25 | $-11.9M | $17.1M | ||
| Q4 24 | $34.2M | $16.5M | ||
| Q3 24 | $-25.6M | $23.2M | ||
| Q2 24 | $-696.0K | $10.2M |
自由现金流率MMLPPRLB
| Q1 26 | -3.2% | — | ||
| Q4 25 | 8.9% | 6.2% | ||
| Q3 25 | -4.7% | 18.5% | ||
| Q2 25 | 14.2% | 6.7% | ||
| Q1 25 | -6.2% | 13.6% | ||
| Q4 24 | 20.0% | 13.5% | ||
| Q3 24 | -15.0% | 18.5% | ||
| Q2 24 | -0.4% | 8.2% |
资本支出强度MMLPPRLB
| Q1 26 | 1.6% | — | ||
| Q4 25 | 3.9% | 5.9% | ||
| Q3 25 | 4.0% | 3.0% | ||
| Q2 25 | 3.0% | 1.1% | ||
| Q1 25 | 3.1% | 1.0% | ||
| Q4 24 | 4.6% | 0.7% | ||
| Q3 24 | 5.8% | 1.2% | ||
| Q2 24 | 6.8% | 3.3% |
现金转化率MMLPPRLB
| Q1 26 | — | 2.16× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 4.03× | ||
| Q2 25 | — | 2.39× | ||
| Q1 25 | — | 5.11× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.44× | ||
| Q2 24 | 3.13× | 3.18× |
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% |
PRLB
| CNC Machining | $63.2M | 45% |
| Injection Molding | $51.1M | 37% |
| 3D Printing | $20.5M | 15% |
| Sheet Metal | $4.4M | 3% |
| Other Revenue | $207.0K | 0% |
