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MARTIN MIDSTREAM PARTNERS L.P.（MMLP）与STURM RUGER & CO INC（RGR）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STURM RUGER & CO INC的1.2倍（$187.7M vs $151.1M），STURM RUGER & CO INC同比增速更快（3.6% vs -2.5%），STURM RUGER & CO INC自由现金流更多（$12.3M vs $-6.0M），过去两年STURM RUGER & CO INC的营收复合增速更高（5.1% 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。
鲁格公司（Ruger）是总部位于美国康涅狄格州绍斯波特的枪械制造企业，除总部外，还在新罕布什尔州纽波特、北卡罗来纳州梅约丹以及亚利桑那州普雷斯科特设有生产工厂。公司由亚历山大·麦考密克·斯特姆与威廉·B·鲁格于1949年共同创立，自1969年起公开上市交易。
MMLP vs RGR — 直观对比
营收规模更大
MMLP
是对方的1.2倍
$151.1M
营收增速更快
RGR
高出6.2%
-2.5%
自由现金流更多
RGR
多$18.4M
$-6.0M
两年增速更快
RGR
近两年复合增速
0.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $187.7M | $151.1M |
| 净利润 | $3.2M | — |
| 毛利率 | — | 17.8% |
| 营业利润率 | 4.1% | 2.3% |
| 净利率 | 1.7% | — |
| 营收同比 | -2.5% | 3.6% |
| 净利润同比 | -37.1% | — |
| 每股收益（稀释后） | — | $0.22 |
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MMLPRGR
| Q1 26 | $187.7M | — | ||
| Q4 25 | $174.2M | $151.1M | ||
| Q3 25 | $168.7M | $126.8M | ||
| Q2 25 | $180.7M | $132.5M | ||
| Q1 25 | $192.5M | $135.7M | ||
| Q4 24 | $171.3M | $145.8M | ||
| Q3 24 | $170.9M | $122.3M | ||
| Q2 24 | $184.5M | $130.8M |
净利润MMLPRGR
| Q1 26 | $3.2M | — | ||
| Q4 25 | $-2.9M | — | ||
| Q3 25 | $-8.4M | $1.6M | ||
| Q2 25 | $-2.4M | $-17.2M | ||
| Q1 25 | $-1.0M | $7.8M | ||
| Q4 24 | $-8.9M | — | ||
| Q3 24 | $-3.3M | $4.7M | ||
| Q2 24 | $3.8M | $8.3M |
毛利率MMLPRGR
| Q1 26 | — | — | ||
| Q4 25 | 57.1% | 17.8% | ||
| Q3 25 | 55.1% | 15.1% | ||
| Q2 25 | 56.5% | 3.9% | ||
| Q1 25 | 53.5% | 22.0% | ||
| Q4 24 | 58.2% | 22.8% | ||
| Q3 24 | 58.5% | 18.5% | ||
| Q2 24 | 58.4% | 22.3% |
营业利润率MMLPRGR
| Q1 26 | 4.1% | — | ||
| Q4 25 | 7.3% | 2.3% | ||
| Q3 25 | 4.1% | -2.7% | ||
| Q2 25 | 8.2% | -15.6% | ||
| Q1 25 | 7.5% | 6.2% | ||
| Q4 24 | 4.0% | 7.8% | ||
| Q3 24 | 7.4% | 3.1% | ||
| Q2 24 | 10.8% | 6.9% |
净利率MMLPRGR
| Q1 26 | 1.7% | — | ||
| Q4 25 | -1.7% | — | ||
| Q3 25 | -5.0% | 1.2% | ||
| Q2 25 | -1.3% | -13.0% | ||
| Q1 25 | -0.5% | 5.7% | ||
| Q4 24 | -5.2% | — | ||
| Q3 24 | -1.9% | 3.9% | ||
| Q2 24 | 2.0% | 6.3% |
每股收益（稀释后）MMLPRGR
| Q1 26 | — | — | ||
| Q4 25 | — | $0.22 | ||
| Q3 25 | — | $0.10 | ||
| Q2 25 | — | $-1.05 | ||
| Q1 25 | — | $0.46 | ||
| Q4 24 | — | $0.62 | ||
| Q3 24 | — | $0.28 | ||
| Q2 24 | — | $0.47 |
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 | — | $92.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $283.8M |
| 总资产 | $537.1M | $342.0M |
| 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MMLPRGR
| Q1 26 | — | — | ||
| Q4 25 | — | $92.5M | ||
| Q3 25 | — | $80.8M | ||
| Q2 25 | — | $101.4M | ||
| Q1 25 | — | $108.3M | ||
| Q4 24 | — | $105.5M | ||
| Q3 24 | — | $96.0M | ||
| Q2 24 | — | $105.6M |
总债务MMLPRGR
| 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MMLPRGR
| Q1 26 | — | — | ||
| Q4 25 | — | $283.8M | ||
| Q3 25 | — | $279.6M | ||
| Q2 25 | — | $289.3M | ||
| Q1 25 | — | $321.5M | ||
| Q4 24 | — | $319.6M | ||
| Q3 24 | — | $314.9M | ||
| Q2 24 | — | $321.5M |
总资产MMLPRGR
| Q1 26 | $537.1M | — | ||
| Q4 25 | $522.4M | $342.0M | ||
| Q3 25 | $510.1M | $342.3M | ||
| Q2 25 | $515.6M | $349.5M | ||
| Q1 25 | $533.4M | $379.0M | ||
| Q4 24 | $538.5M | $384.0M | ||
| Q3 24 | $554.8M | $373.5M | ||
| Q2 24 | $535.1M | $376.7M |
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 | — | $15.5M |
| 自由现金流经营现金流 - 资本支出 | $-6.0M | $12.3M |
| 自由现金流率自由现金流/营收 | -3.2% | 8.2% |
| 资本支出强度资本支出/营收 | 1.6% | 2.1% |
| 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 | $38.5M |
8季度趋势，按日历期对齐
经营现金流MMLPRGR
| Q1 26 | — | — | ||
| Q4 25 | $22.4M | $15.5M | ||
| Q3 25 | $-1.2M | $12.9M | ||
| Q2 25 | $30.9M | $14.7M | ||
| Q1 25 | $-6.0M | $11.1M | ||
| Q4 24 | $42.2M | $20.0M | ||
| Q3 24 | $-15.8M | $9.4M | ||
| Q2 24 | $11.8M | $18.7M |
自由现金流MMLPRGR
| Q1 26 | $-6.0M | — | ||
| Q4 25 | $15.6M | $12.3M | ||
| Q3 25 | $-7.9M | $7.0M | ||
| Q2 25 | $25.6M | $9.1M | ||
| Q1 25 | $-11.9M | $10.0M | ||
| Q4 24 | $34.2M | $16.4M | ||
| Q3 24 | $-25.6M | $2.6M | ||
| Q2 24 | $-696.0K | $10.1M |
自由现金流率MMLPRGR
| Q1 26 | -3.2% | — | ||
| Q4 25 | 8.9% | 8.2% | ||
| Q3 25 | -4.7% | 5.5% | ||
| Q2 25 | 14.2% | 6.9% | ||
| Q1 25 | -6.2% | 7.4% | ||
| Q4 24 | 20.0% | 11.2% | ||
| Q3 24 | -15.0% | 2.1% | ||
| Q2 24 | -0.4% | 7.7% |
资本支出强度MMLPRGR
| Q1 26 | 1.6% | — | ||
| Q4 25 | 3.9% | 2.1% | ||
| Q3 25 | 4.0% | 4.6% | ||
| Q2 25 | 3.0% | 4.2% | ||
| Q1 25 | 3.1% | 0.8% | ||
| Q4 24 | 4.6% | 2.5% | ||
| Q3 24 | 5.8% | 5.5% | ||
| Q2 24 | 6.8% | 6.6% |
现金转化率MMLPRGR
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 8.15× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.43× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.98× | ||
| Q2 24 | 3.13× | 2.27× |
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% |
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
