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MARTIN MIDSTREAM PARTNERS L.P.（MMLP）与Rapid7, Inc.（RPD）财务数据对比。点击上方公司名可切换其他公司
Rapid7, Inc.的季度营收约是MARTIN MIDSTREAM PARTNERS L.P.的1.2倍（$217.4M vs $187.7M），MARTIN MIDSTREAM PARTNERS L.P.净利率更高（1.7% vs 1.4%，领先0.3%），Rapid7, Inc.同比增速更快（0.5% vs -2.5%），Rapid7, Inc.自由现金流更多（$36.4M vs $-6.0M），过去两年Rapid7, Inc.的营收复合增速更高（3.0% 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。
Rapid7是全球领先的网络安全企业，提供漏洞管理、威胁检测与响应、云安全、安全分析等全系列安全解决方案，服务全球科技、医疗、金融、制造等行业的各类规模企业及公共部门客户，助力客户高效识别、应对和缓解网络安全风险。
MMLP vs RPD — 直观对比
营收规模更大
RPD
是对方的1.2倍
$187.7M
营收增速更快
RPD
高出3.0%
-2.5%
净利率更高
MMLP
高出0.3%
1.4%
自由现金流更多
RPD
多$42.4M
$-6.0M
两年增速更快
RPD
近两年复合增速
0.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $187.7M | $217.4M |
| 净利润 | $3.2M | $3.1M |
| 毛利率 | — | 68.9% |
| 营业利润率 | 4.1% | 1.0% |
| 净利率 | 1.7% | 1.4% |
| 营收同比 | -2.5% | 0.5% |
| 净利润同比 | -37.1% | 44.1% |
| 每股收益（稀释后） | — | $0.05 |
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MMLPRPD
| Q1 26 | $187.7M | — | ||
| Q4 25 | $174.2M | $217.4M | ||
| Q3 25 | $168.7M | $218.0M | ||
| Q2 25 | $180.7M | $214.2M | ||
| Q1 25 | $192.5M | $210.3M | ||
| Q4 24 | $171.3M | $216.3M | ||
| Q3 24 | $170.9M | $214.7M | ||
| Q2 24 | $184.5M | $208.0M |
净利润MMLPRPD
| Q1 26 | $3.2M | — | ||
| Q4 25 | $-2.9M | $3.1M | ||
| Q3 25 | $-8.4M | $9.8M | ||
| Q2 25 | $-2.4M | $8.3M | ||
| Q1 25 | $-1.0M | $2.1M | ||
| Q4 24 | $-8.9M | $2.2M | ||
| Q3 24 | $-3.3M | $15.4M | ||
| Q2 24 | $3.8M | $6.5M |
毛利率MMLPRPD
| Q1 26 | — | — | ||
| Q4 25 | 57.1% | 68.9% | ||
| Q3 25 | 55.1% | 70.2% | ||
| Q2 25 | 56.5% | 70.6% | ||
| Q1 25 | 53.5% | 71.7% | ||
| Q4 24 | 58.2% | 69.5% | ||
| Q3 24 | 58.5% | 70.6% | ||
| Q2 24 | 58.4% | 70.7% |
营业利润率MMLPRPD
| Q1 26 | 4.1% | — | ||
| Q4 25 | 7.3% | 1.0% | ||
| Q3 25 | 4.1% | 2.7% | ||
| Q2 25 | 8.2% | 1.6% | ||
| Q1 25 | 7.5% | -0.0% | ||
| Q4 24 | 4.0% | 3.4% | ||
| Q3 24 | 7.4% | 6.0% | ||
| Q2 24 | 10.8% | 2.5% |
净利率MMLPRPD
| Q1 26 | 1.7% | — | ||
| Q4 25 | -1.7% | 1.4% | ||
| Q3 25 | -5.0% | 4.5% | ||
| Q2 25 | -1.3% | 3.9% | ||
| Q1 25 | -0.5% | 1.0% | ||
| Q4 24 | -5.2% | 1.0% | ||
| Q3 24 | -1.9% | 7.2% | ||
| Q2 24 | 2.0% | 3.1% |
每股收益（稀释后）MMLPRPD
| Q1 26 | — | — | ||
| Q4 25 | — | $0.05 | ||
| Q3 25 | — | $0.15 | ||
| Q2 25 | — | $0.13 | ||
| Q1 25 | — | $0.03 | ||
| Q4 24 | — | $0.08 | ||
| Q3 24 | — | $0.21 | ||
| Q2 24 | — | $0.09 |
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 | — | $474.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $154.7M |
| 总资产 | $537.1M | $1.7B |
| 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MMLPRPD
| Q1 26 | — | — | ||
| Q4 25 | — | $474.7M | ||
| Q3 25 | — | $407.1M | ||
| Q2 25 | — | $511.7M | ||
| Q1 25 | — | $493.5M | ||
| Q4 24 | — | $521.7M | ||
| Q3 24 | — | $443.7M | ||
| Q2 24 | — | $442.6M |
总债务MMLPRPD
| 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MMLPRPD
| Q1 26 | — | — | ||
| Q4 25 | — | $154.7M | ||
| Q3 25 | — | $127.2M | ||
| Q2 25 | — | $90.4M | ||
| Q1 25 | — | $52.7M | ||
| Q4 24 | — | $17.7M | ||
| Q3 24 | — | $-5.1M | ||
| Q2 24 | — | $-52.6M |
总资产MMLPRPD
| Q1 26 | $537.1M | — | ||
| Q4 25 | $522.4M | $1.7B | ||
| Q3 25 | $510.1M | $1.7B | ||
| Q2 25 | $515.6M | $1.6B | ||
| Q1 25 | $533.4M | $1.6B | ||
| Q4 24 | $538.5M | $1.7B | ||
| Q3 24 | $554.8M | $1.6B | ||
| Q2 24 | $535.1M | $1.5B |
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 | — | $37.6M |
| 自由现金流经营现金流 - 资本支出 | $-6.0M | $36.4M |
| 自由现金流率自由现金流/营收 | -3.2% | 16.8% |
| 资本支出强度资本支出/营收 | 1.6% | 0.5% |
| 现金转化率经营现金流/净利润 | — | 12.01× |
| 过去12个月自由现金流最近4个季度 | $27.2M | $146.2M |
8季度趋势，按日历期对齐
经营现金流MMLPRPD
| Q1 26 | — | — | ||
| Q4 25 | $22.4M | $37.6M | ||
| Q3 25 | $-1.2M | $39.0M | ||
| Q2 25 | $30.9M | $47.5M | ||
| Q1 25 | $-6.0M | $29.8M | ||
| Q4 24 | $42.2M | $63.8M | ||
| Q3 24 | $-15.8M | $44.0M | ||
| Q2 24 | $11.8M | $32.9M |
自由现金流MMLPRPD
| Q1 26 | $-6.0M | — | ||
| Q4 25 | $15.6M | $36.4M | ||
| Q3 25 | $-7.9M | $34.8M | ||
| Q2 25 | $25.6M | $46.6M | ||
| Q1 25 | $-11.9M | $28.4M | ||
| Q4 24 | $34.2M | $62.6M | ||
| Q3 24 | $-25.6M | $42.6M | ||
| Q2 24 | $-696.0K | $32.6M |
自由现金流率MMLPRPD
| Q1 26 | -3.2% | — | ||
| Q4 25 | 8.9% | 16.8% | ||
| Q3 25 | -4.7% | 16.0% | ||
| Q2 25 | 14.2% | 21.8% | ||
| Q1 25 | -6.2% | 13.5% | ||
| Q4 24 | 20.0% | 28.9% | ||
| Q3 24 | -15.0% | 19.9% | ||
| Q2 24 | -0.4% | 15.7% |
资本支出强度MMLPRPD
| Q1 26 | 1.6% | — | ||
| Q4 25 | 3.9% | 0.5% | ||
| Q3 25 | 4.0% | 1.9% | ||
| Q2 25 | 3.0% | 0.4% | ||
| Q1 25 | 3.1% | 0.6% | ||
| Q4 24 | 4.6% | 0.5% | ||
| Q3 24 | 5.8% | 0.6% | ||
| Q2 24 | 6.8% | 0.1% |
现金转化率MMLPRPD
| Q1 26 | — | — | ||
| Q4 25 | — | 12.01× | ||
| Q3 25 | — | 3.97× | ||
| Q2 25 | — | 5.70× | ||
| Q1 25 | — | 14.14× | ||
| Q4 24 | — | 29.36× | ||
| Q3 24 | — | 2.85× | ||
| Q2 24 | 3.13× | 5.03× |
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% |
RPD
| Products | $209.1M | 96% |
| Services | $8.2M | 4% |
