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MARTIN MIDSTREAM PARTNERS L.P.（MMLP）与RESOURCES CONNECTION, INC.（RGP）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RESOURCES CONNECTION, INC.的1.6倍（$187.7M vs $117.7M），MARTIN MIDSTREAM PARTNERS L.P.净利率更高（1.7% vs -10.8%，领先12.5%），MARTIN MIDSTREAM PARTNERS L.P.同比增速更快（-2.5% vs -19.2%），RESOURCES CONNECTION, INC.自由现金流更多（$15.6M vs $-6.0M），过去两年MARTIN MIDSTREAM PARTNERS L.P.的营收复合增速更高（0.8% vs -11.8%）
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。
RGP原名 Resources Global Professionals，是 Resources Connection, Inc. 的核心运营主体，面向全球客户提供多领域专业咨询服务，覆盖财务会计、信息管理、治理风险合规、人力资本、法务监管、企业咨询与重组、战略传播以及供应链管理等板块。
MMLP vs RGP — 直观对比
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $187.7M | $117.7M |
| 净利润 | $3.2M | $-12.7M |
| 毛利率 | — | 37.1% |
| 营业利润率 | 4.1% | -10.3% |
| 净利率 | 1.7% | -10.8% |
| 营收同比 | -2.5% | -19.2% |
| 净利润同比 | -37.1% | 81.6% |
| 每股收益（稀释后） | — | $-0.38 |
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
| Q1 26 | $187.7M | — | ||
| Q4 25 | $174.2M | $117.7M | ||
| Q3 25 | $168.7M | $120.2M | ||
| Q2 25 | $180.7M | $139.3M | ||
| Q1 25 | $192.5M | $129.4M | ||
| Q4 24 | $171.3M | $145.6M | ||
| Q3 24 | $170.9M | $136.9M | ||
| Q2 24 | $184.5M | $148.2M |
| Q1 26 | $3.2M | — | ||
| Q4 25 | $-2.9M | $-12.7M | ||
| Q3 25 | $-8.4M | $-2.4M | ||
| Q2 25 | $-2.4M | $-73.3M | ||
| Q1 25 | $-1.0M | $-44.1M | ||
| Q4 24 | $-8.9M | $-68.7M | ||
| Q3 24 | $-3.3M | $-5.7M | ||
| Q2 24 | $3.8M | $10.5M |
| Q1 26 | — | — | ||
| Q4 25 | 57.1% | 37.1% | ||
| Q3 25 | 55.1% | 39.5% | ||
| Q2 25 | 56.5% | 40.2% | ||
| Q1 25 | 53.5% | 35.1% | ||
| Q4 24 | 58.2% | 38.5% | ||
| Q3 24 | 58.5% | 36.5% | ||
| Q2 24 | 58.4% | 40.2% |
| Q1 26 | 4.1% | — | ||
| Q4 25 | 7.3% | -10.3% | ||
| Q3 25 | 4.1% | -1.7% | ||
| Q2 25 | 8.2% | -47.0% | ||
| Q1 25 | 7.5% | -38.4% | ||
| Q4 24 | 4.0% | -52.7% | ||
| Q3 24 | 7.4% | -3.5% | ||
| Q2 24 | 10.8% | 7.6% |
| Q1 26 | 1.7% | — | ||
| Q4 25 | -1.7% | -10.8% | ||
| Q3 25 | -5.0% | -2.0% | ||
| Q2 25 | -1.3% | -52.6% | ||
| Q1 25 | -0.5% | -34.0% | ||
| Q4 24 | -5.2% | -47.2% | ||
| Q3 24 | -1.9% | -4.2% | ||
| Q2 24 | 2.0% | 7.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | $-0.38 | ||
| Q3 25 | — | $-0.07 | ||
| Q2 25 | — | $-2.21 | ||
| Q1 25 | — | $-1.34 | ||
| Q4 24 | — | $-2.08 | ||
| Q3 24 | — | $-0.17 | ||
| Q2 24 | — | $0.31 |
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 | — | $89.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $194.6M |
| 总资产 | $537.1M | $289.3M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | — | $89.8M | ||
| Q3 25 | — | $77.5M | ||
| Q2 25 | — | $86.1M | ||
| Q1 25 | — | $72.5M | ||
| Q4 24 | — | $78.2M | ||
| Q3 24 | — | $89.6M | ||
| Q2 24 | — | $108.9M |
| 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 | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $194.6M | ||
| Q3 25 | — | $206.4M | ||
| Q2 25 | — | $207.1M | ||
| Q1 25 | — | $277.8M | ||
| Q4 24 | — | $325.7M | ||
| Q3 24 | — | $407.2M | ||
| Q2 24 | — | $418.8M |
| Q1 26 | $537.1M | — | ||
| Q4 25 | $522.4M | $289.3M | ||
| Q3 25 | $510.1M | $287.2M | ||
| Q2 25 | $515.6M | $304.7M | ||
| Q1 25 | $533.4M | $375.6M | ||
| Q4 24 | $538.5M | $424.9M | ||
| Q3 24 | $554.8M | $512.9M | ||
| Q2 24 | $535.1M | $510.9M |
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 | — | $15.9M |
| 自由现金流经营现金流 - 资本支出 | $-6.0M | $15.6M |
| 自由现金流率自由现金流/营收 | -3.2% | 13.2% |
| 资本支出强度资本支出/营收 | 1.6% | 0.3% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $27.2M | $24.3M |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $22.4M | $15.9M | ||
| Q3 25 | $-1.2M | $-7.8M | ||
| Q2 25 | $30.9M | $16.8M | ||
| Q1 25 | $-6.0M | $659.0K | ||
| Q4 24 | $42.2M | $1.8M | ||
| Q3 24 | $-15.8M | $-309.0K | ||
| Q2 24 | $11.8M | $3.2M |
| Q1 26 | $-6.0M | — | ||
| Q4 25 | $15.6M | $15.6M | ||
| Q3 25 | $-7.9M | $-8.0M | ||
| Q2 25 | $25.6M | $16.5M | ||
| Q1 25 | $-11.9M | $238.0K | ||
| Q4 24 | $34.2M | $61.0K | ||
| Q3 24 | $-25.6M | $-575.0K | ||
| Q2 24 | $-696.0K | $3.0M |
| Q1 26 | -3.2% | — | ||
| Q4 25 | 8.9% | 13.2% | ||
| Q3 25 | -4.7% | -6.6% | ||
| Q2 25 | 14.2% | 11.8% | ||
| Q1 25 | -6.2% | 0.2% | ||
| Q4 24 | 20.0% | 0.0% | ||
| Q3 24 | -15.0% | -0.4% | ||
| Q2 24 | -0.4% | 2.1% |
| Q1 26 | 1.6% | — | ||
| Q4 25 | 3.9% | 0.3% | ||
| Q3 25 | 4.0% | 0.1% | ||
| Q2 25 | 3.0% | 0.2% | ||
| Q1 25 | 3.1% | 0.3% | ||
| Q4 24 | 4.6% | 1.2% | ||
| Q3 24 | 5.8% | 0.2% | ||
| Q2 24 | 6.8% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.13× | 0.30× |
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% |
RGP
| US | $93.7M | 80% |
| Non Us | $24.0M | 20% |
