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MARTIN MIDSTREAM PARTNERS L.P.（MMLP）与Ranger Energy Services, Inc.（RNGR）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Ranger Energy Services, Inc.的1.3倍（$187.7M vs $142.2M），Ranger Energy Services, Inc.净利率更高（2.3% vs 1.7%，领先0.5%），Ranger Energy Services, Inc.同比增速更快（-0.6% vs -2.5%），Ranger Energy Services, Inc.自由现金流更多（$17.1M vs $-6.0M），过去两年Ranger Energy Services, Inc.的营收复合增速更高（1.9% 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。
Ranger Energy Services是北美领先的陆上油田服务提供商，为上游油气运营商提供完井、修井、钻机作业及产能优化等全套解决方案，业务主要覆盖美国本土的页岩和致密资源开采作业区。
MMLP vs RNGR — 直观对比
营收规模更大
MMLP
是对方的1.3倍
$142.2M
营收增速更快
RNGR
高出1.9%
-2.5%
净利率更高
RNGR
高出0.5%
1.7%
自由现金流更多
RNGR
多$23.1M
$-6.0M
两年增速更快
RNGR
近两年复合增速
0.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $187.7M | $142.2M |
| 净利润 | $3.2M | $3.2M |
| 毛利率 | — | — |
| 营业利润率 | 4.1% | 2.3% |
| 净利率 | 1.7% | 2.3% |
| 营收同比 | -2.5% | -0.6% |
| 净利润同比 | -37.1% | -44.8% |
| 每股收益（稀释后） | — | $0.14 |
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MMLPRNGR
| Q1 26 | $187.7M | — | ||
| Q4 25 | $174.2M | $142.2M | ||
| Q3 25 | $168.7M | $128.9M | ||
| Q2 25 | $180.7M | $140.6M | ||
| Q1 25 | $192.5M | $135.2M | ||
| Q4 24 | $171.3M | $143.1M | ||
| Q3 24 | $170.9M | $153.0M | ||
| Q2 24 | $184.5M | $138.1M |
净利润MMLPRNGR
| Q1 26 | $3.2M | — | ||
| Q4 25 | $-2.9M | $3.2M | ||
| Q3 25 | $-8.4M | $1.2M | ||
| Q2 25 | $-2.4M | $7.3M | ||
| Q1 25 | $-1.0M | $600.0K | ||
| Q4 24 | $-8.9M | $5.8M | ||
| Q3 24 | $-3.3M | $8.7M | ||
| Q2 24 | $3.8M | $4.7M |
毛利率MMLPRNGR
| 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MMLPRNGR
| Q1 26 | 4.1% | — | ||
| Q4 25 | 7.3% | 2.3% | ||
| Q3 25 | 4.1% | 2.0% | ||
| Q2 25 | 8.2% | 6.1% | ||
| Q1 25 | 7.5% | 0.7% | ||
| Q4 24 | 4.0% | 6.2% | ||
| Q3 24 | 7.4% | 8.4% | ||
| Q2 24 | 10.8% | 5.3% |
净利率MMLPRNGR
| Q1 26 | 1.7% | — | ||
| Q4 25 | -1.7% | 2.3% | ||
| Q3 25 | -5.0% | 0.9% | ||
| Q2 25 | -1.3% | 5.2% | ||
| Q1 25 | -0.5% | 0.4% | ||
| Q4 24 | -5.2% | 4.1% | ||
| Q3 24 | -1.9% | 5.7% | ||
| Q2 24 | 2.0% | 3.4% |
每股收益（稀释后）MMLPRNGR
| Q1 26 | — | — | ||
| Q4 25 | — | $0.14 | ||
| Q3 25 | — | $0.05 | ||
| Q2 25 | — | $0.32 | ||
| Q1 25 | — | $0.03 | ||
| Q4 24 | — | $0.24 | ||
| Q3 24 | — | $0.39 | ||
| Q2 24 | — | $0.21 |
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 | — | $10.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $300.1M |
| 总资产 | $537.1M | $419.3M |
| 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MMLPRNGR
| Q1 26 | — | — | ||
| Q4 25 | — | $10.3M | ||
| Q3 25 | — | $45.2M | ||
| Q2 25 | — | $48.9M | ||
| Q1 25 | — | $40.3M | ||
| Q4 24 | — | $40.9M | ||
| Q3 24 | — | $14.8M | ||
| Q2 24 | — | $8.7M |
总债务MMLPRNGR
| Q1 26 | — | — | ||
| Q4 25 | $428.0M | — | ||
| Q3 25 | $441.3M | — | ||
| Q2 25 | $427.8M | — | ||
| Q1 25 | $451.4M | — | ||
| Q4 24 | $437.6M | $0 | ||
| Q3 24 | $469.3M | $0 | ||
| Q2 24 | $439.4M | $0 |
股东权益MMLPRNGR
| Q1 26 | — | — | ||
| Q4 25 | — | $300.1M | ||
| Q3 25 | — | $270.0M | ||
| Q2 25 | — | $276.9M | ||
| Q1 25 | — | $272.6M | ||
| Q4 24 | — | $273.8M | ||
| Q3 24 | — | $267.6M | ||
| Q2 24 | — | $260.5M |
总资产MMLPRNGR
| Q1 26 | $537.1M | — | ||
| Q4 25 | $522.4M | $419.3M | ||
| Q3 25 | $510.1M | $372.8M | ||
| Q2 25 | $515.6M | $381.7M | ||
| Q1 25 | $533.4M | $376.5M | ||
| Q4 24 | $538.5M | $381.6M | ||
| Q3 24 | $554.8M | $373.9M | ||
| Q2 24 | $535.1M | $359.6M |
负债/权益比MMLPRNGR
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× |
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 | — | $24.1M |
| 自由现金流经营现金流 - 资本支出 | $-6.0M | $17.1M |
| 自由现金流率自由现金流/营收 | -3.2% | 12.0% |
| 资本支出强度资本支出/营收 | 1.6% | 4.9% |
| 现金转化率经营现金流/净利润 | — | 7.53× |
| 过去12个月自由现金流最近4个季度 | $27.2M | $42.9M |
8季度趋势，按日历期对齐
经营现金流MMLPRNGR
| Q1 26 | — | — | ||
| Q4 25 | $22.4M | $24.1M | ||
| Q3 25 | $-1.2M | $13.6M | ||
| Q2 25 | $30.9M | $20.7M | ||
| Q1 25 | $-6.0M | $10.6M | ||
| Q4 24 | $42.2M | $32.7M | ||
| Q3 24 | $-15.8M | $17.7M | ||
| Q2 24 | $11.8M | $22.1M |
自由现金流MMLPRNGR
| Q1 26 | $-6.0M | — | ||
| Q4 25 | $15.6M | $17.1M | ||
| Q3 25 | $-7.9M | $8.0M | ||
| Q2 25 | $25.6M | $14.4M | ||
| Q1 25 | $-11.9M | $3.4M | ||
| Q4 24 | $34.2M | $27.3M | ||
| Q3 24 | $-25.6M | $10.8M | ||
| Q2 24 | $-696.0K | $6.8M |
自由现金流率MMLPRNGR
| Q1 26 | -3.2% | — | ||
| Q4 25 | 8.9% | 12.0% | ||
| Q3 25 | -4.7% | 6.2% | ||
| Q2 25 | 14.2% | 10.2% | ||
| Q1 25 | -6.2% | 2.5% | ||
| Q4 24 | 20.0% | 19.1% | ||
| Q3 24 | -15.0% | 7.1% | ||
| Q2 24 | -0.4% | 4.9% |
资本支出强度MMLPRNGR
| Q1 26 | 1.6% | — | ||
| Q4 25 | 3.9% | 4.9% | ||
| Q3 25 | 4.0% | 4.3% | ||
| Q2 25 | 3.0% | 4.5% | ||
| Q1 25 | 3.1% | 5.3% | ||
| Q4 24 | 4.6% | 3.8% | ||
| Q3 24 | 5.8% | 4.5% | ||
| Q2 24 | 6.8% | 11.1% |
现金转化率MMLPRNGR
| Q1 26 | — | — | ||
| Q4 25 | — | 7.53× | ||
| Q3 25 | — | 11.33× | ||
| Q2 25 | — | 2.84× | ||
| Q1 25 | — | 17.67× | ||
| Q4 24 | — | 5.64× | ||
| Q3 24 | — | 2.03× | ||
| Q2 24 | 3.13× | 4.70× |
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% |
RNGR
| High Specification Rigs | $92.3M | 65% |
| Processing Solutions And Ancillary Services | $37.5M | 26% |
| Wireline Services | $12.4M | 9% |
