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MARTIN MIDSTREAM PARTNERS L.P.（MMLP）与REPUBLIC BANCORP INC（RBCAA）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REPUBLIC BANCORP INC的2.0倍（$187.7M vs $94.3M），REPUBLIC BANCORP INC净利率更高（24.2% vs 1.7%，领先22.5%），REPUBLIC BANCORP INC同比增速更快（5.3% vs -2.5%），REPUBLIC BANCORP INC自由现金流更多（$161.1M vs $-6.0M），过去两年MARTIN MIDSTREAM PARTNERS L.P.的营收复合增速更高（0.8% vs -11.5%）
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。
肯塔基州共和银行是美国的一家区域性银行控股企业，提供零售及商业银行全品类服务，涵盖个人存贷款、企业融资、按揭产品及财富管理解决方案，主要服务肯塔基州及周边州的个人消费者和中小企业客户。
MMLP vs RBCAA — 直观对比
营收规模更大
MMLP
是对方的2.0倍
$94.3M
营收增速更快
RBCAA
高出7.8%
-2.5%
净利率更高
RBCAA
高出22.5%
1.7%
自由现金流更多
RBCAA
多$167.1M
$-6.0M
两年增速更快
MMLP
近两年复合增速
-11.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $187.7M | $94.3M |
| 净利润 | $3.2M | $22.8M |
| 毛利率 | — | — |
| 营业利润率 | 4.1% | 29.3% |
| 净利率 | 1.7% | 24.2% |
| 营收同比 | -2.5% | 5.3% |
| 净利润同比 | -37.1% | 20.0% |
| 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MMLPRBCAA
| Q1 26 | $187.7M | — | ||
| Q4 25 | $174.2M | $94.3M | ||
| Q3 25 | $168.7M | $93.5M | ||
| Q2 25 | $180.7M | $93.8M | ||
| Q1 25 | $192.5M | $135.8M | ||
| Q4 24 | $171.3M | $89.5M | ||
| Q3 24 | $170.9M | $88.1M | ||
| Q2 24 | $184.5M | $86.9M |
净利润MMLPRBCAA
| Q1 26 | $3.2M | — | ||
| Q4 25 | $-2.9M | $22.8M | ||
| Q3 25 | $-8.4M | $29.7M | ||
| Q2 25 | $-2.4M | $31.5M | ||
| Q1 25 | $-1.0M | $47.3M | ||
| Q4 24 | $-8.9M | $19.0M | ||
| Q3 24 | $-3.3M | $26.5M | ||
| Q2 24 | $3.8M | $25.2M |
毛利率MMLPRBCAA
| Q1 26 | — | — | ||
| Q4 25 | 57.1% | — | ||
| Q3 25 | 55.1% | — | ||
| Q2 25 | 56.5% | — | ||
| Q1 25 | 53.5% | — | ||
| Q4 24 | 58.2% | — | ||
| Q3 24 | 58.5% | — | ||
| Q2 24 | 58.4% | — |
营业利润率MMLPRBCAA
| Q1 26 | 4.1% | — | ||
| Q4 25 | 7.3% | 29.3% | ||
| Q3 25 | 4.1% | 40.4% | ||
| Q2 25 | 8.2% | 43.0% | ||
| Q1 25 | 7.5% | 44.1% | ||
| Q4 24 | 4.0% | 25.8% | ||
| Q3 24 | 7.4% | 38.4% | ||
| Q2 24 | 10.8% | 37.0% |
净利率MMLPRBCAA
| Q1 26 | 1.7% | — | ||
| Q4 25 | -1.7% | 24.2% | ||
| Q3 25 | -5.0% | 31.8% | ||
| Q2 25 | -1.3% | 33.5% | ||
| Q1 25 | -0.5% | 34.8% | ||
| Q4 24 | -5.2% | 21.2% | ||
| Q3 24 | -1.9% | 30.1% | ||
| Q2 24 | 2.0% | 29.0% |
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 | — | $220.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $1.1B |
| 总资产 | $537.1M | $7.0B |
| 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MMLPRBCAA
| Q1 26 | — | — | ||
| Q4 25 | — | $220.0M | ||
| Q3 25 | — | $484.2M | ||
| Q2 25 | — | $484.8M | ||
| Q1 25 | — | $793.0M | ||
| Q4 24 | — | $432.2M | ||
| Q3 24 | — | $530.9M | ||
| Q2 24 | — | $400.1M |
总债务MMLPRBCAA
| 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MMLPRBCAA
| Q1 26 | — | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $992.0M | ||
| Q3 24 | — | $979.7M | ||
| Q2 24 | — | $955.4M |
总资产MMLPRBCAA
| Q1 26 | $537.1M | — | ||
| Q4 25 | $522.4M | $7.0B | ||
| Q3 25 | $510.1M | $7.0B | ||
| Q2 25 | $515.6M | $7.0B | ||
| Q1 25 | $533.4M | $7.1B | ||
| Q4 24 | $538.5M | $6.8B | ||
| Q3 24 | $554.8M | $6.7B | ||
| Q2 24 | $535.1M | $6.6B |
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 | — | $168.2M |
| 自由现金流经营现金流 - 资本支出 | $-6.0M | $161.1M |
| 自由现金流率自由现金流/营收 | -3.2% | 170.9% |
| 资本支出强度资本支出/营收 | 1.6% | 7.5% |
| 现金转化率经营现金流/净利润 | — | 7.37× |
| 过去12个月自由现金流最近4个季度 | $27.2M | $288.6M |
8季度趋势，按日历期对齐
经营现金流MMLPRBCAA
| Q1 26 | — | — | ||
| Q4 25 | $22.4M | $168.2M | ||
| Q3 25 | $-1.2M | $33.3M | ||
| Q2 25 | $30.9M | $8.4M | ||
| Q1 25 | $-6.0M | $93.2M | ||
| Q4 24 | $42.2M | $149.0M | ||
| Q3 24 | $-15.8M | $51.3M | ||
| Q2 24 | $11.8M | $4.0M |
自由现金流MMLPRBCAA
| Q1 26 | $-6.0M | — | ||
| Q4 25 | $15.6M | $161.1M | ||
| Q3 25 | $-7.9M | $30.8M | ||
| Q2 25 | $25.6M | $5.2M | ||
| Q1 25 | $-11.9M | $91.6M | ||
| Q4 24 | $34.2M | $143.2M | ||
| Q3 24 | $-25.6M | $49.8M | ||
| Q2 24 | $-696.0K | $2.7M |
自由现金流率MMLPRBCAA
| Q1 26 | -3.2% | — | ||
| Q4 25 | 8.9% | 170.9% | ||
| Q3 25 | -4.7% | 32.9% | ||
| Q2 25 | 14.2% | 5.5% | ||
| Q1 25 | -6.2% | 67.4% | ||
| Q4 24 | 20.0% | 160.0% | ||
| Q3 24 | -15.0% | 56.5% | ||
| Q2 24 | -0.4% | 3.1% |
资本支出强度MMLPRBCAA
| Q1 26 | 1.6% | — | ||
| Q4 25 | 3.9% | 7.5% | ||
| Q3 25 | 4.0% | 2.6% | ||
| Q2 25 | 3.0% | 3.5% | ||
| Q1 25 | 3.1% | 1.2% | ||
| Q4 24 | 4.6% | 6.5% | ||
| Q3 24 | 5.8% | 1.7% | ||
| Q2 24 | 6.8% | 1.5% |
现金转化率MMLPRBCAA
| Q1 26 | — | — | ||
| Q4 25 | — | 7.37× | ||
| Q3 25 | — | 1.12× | ||
| Q2 25 | — | 0.27× | ||
| Q1 25 | — | 1.97× | ||
| Q4 24 | — | 7.84× | ||
| Q3 24 | — | 1.93× | ||
| Q2 24 | 3.13× | 0.16× |
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% |
RBCAA
暂无分部数据
