vs
MARTIN MIDSTREAM PARTNERS L.P.（MMLP）与null（SWIM）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null的1.9倍（$187.7M vs $100.0M），MARTIN MIDSTREAM PARTNERS L.P.净利率更高（1.7% vs -7.0%，领先8.7%），null同比增速更快（14.5% vs -2.5%），null自由现金流更多（$14.1M vs $-6.0M），过去两年MARTIN MIDSTREAM PARTNERS L.P.的营收复合增速更高（0.8% vs -4.9%）
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。
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
MMLP vs SWIM — 直观对比
营收规模更大
MMLP
是对方的1.9倍
$100.0M
营收增速更快
SWIM
高出17.1%
-2.5%
净利率更高
MMLP
高出8.7%
-7.0%
自由现金流更多
SWIM
多$20.1M
$-6.0M
两年增速更快
MMLP
近两年复合增速
-4.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $187.7M | $100.0M |
| 净利润 | $3.2M | $-7.0M |
| 毛利率 | — | 28.0% |
| 营业利润率 | 4.1% | -10.7% |
| 净利率 | 1.7% | -7.0% |
| 营收同比 | -2.5% | 14.5% |
| 净利润同比 | -37.1% | 76.0% |
| 每股收益（稀释后） | — | $-0.06 |
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MMLPSWIM
| Q1 26 | $187.7M | — | ||
| Q4 25 | $174.2M | $100.0M | ||
| Q3 25 | $168.7M | $161.9M | ||
| Q2 25 | $180.7M | $172.6M | ||
| Q1 25 | $192.5M | $111.4M | ||
| Q4 24 | $171.3M | $87.3M | ||
| Q3 24 | $170.9M | $150.5M | ||
| Q2 24 | $184.5M | $160.1M |
净利润MMLPSWIM
| Q1 26 | $3.2M | — | ||
| Q4 25 | $-2.9M | $-7.0M | ||
| Q3 25 | $-8.4M | $8.1M | ||
| Q2 25 | $-2.4M | $16.0M | ||
| Q1 25 | $-1.0M | $-6.0M | ||
| Q4 24 | $-8.9M | $-29.2M | ||
| Q3 24 | $-3.3M | $5.9M | ||
| Q2 24 | $3.8M | $13.3M |
毛利率MMLPSWIM
| Q1 26 | — | — | ||
| Q4 25 | 57.1% | 28.0% | ||
| Q3 25 | 55.1% | 35.4% | ||
| Q2 25 | 56.5% | 37.1% | ||
| Q1 25 | 53.5% | 29.5% | ||
| Q4 24 | 58.2% | 24.6% | ||
| Q3 24 | 58.5% | 32.4% | ||
| Q2 24 | 58.4% | 33.1% |
营业利润率MMLPSWIM
| Q1 26 | 4.1% | — | ||
| Q4 25 | 7.3% | -10.7% | ||
| Q3 25 | 4.1% | 13.3% | ||
| Q2 25 | 8.2% | 14.3% | ||
| Q1 25 | 7.5% | -4.4% | ||
| Q4 24 | 4.0% | -14.9% | ||
| Q3 24 | 7.4% | 8.9% | ||
| Q2 24 | 10.8% | 12.5% |
净利率MMLPSWIM
| Q1 26 | 1.7% | — | ||
| Q4 25 | -1.7% | -7.0% | ||
| Q3 25 | -5.0% | 5.0% | ||
| Q2 25 | -1.3% | 9.3% | ||
| Q1 25 | -0.5% | -5.4% | ||
| Q4 24 | -5.2% | -33.4% | ||
| Q3 24 | -1.9% | 3.9% | ||
| Q2 24 | 2.0% | 8.3% |
每股收益（稀释后）MMLPSWIM
| Q1 26 | — | — | ||
| Q4 25 | — | $-0.06 | ||
| Q3 25 | — | $0.07 | ||
| Q2 25 | — | $0.13 | ||
| Q1 25 | — | $-0.05 | ||
| Q4 24 | — | $-0.24 | ||
| Q3 24 | — | $0.05 | ||
| Q2 24 | — | $0.11 |
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 | — | — |
| 总债务越低越好 | — | $279.8M |
| 股东权益账面价值 | — | $405.9M |
| 总资产 | $537.1M | $823.2M |
| 负债/权益比越低杠杆越低 | — | 0.69× |
8季度趋势，按日历期对齐
总债务MMLPSWIM
| Q1 26 | — | — | ||
| Q4 25 | $428.0M | $279.8M | ||
| Q3 25 | $441.3M | $281.1M | ||
| Q2 25 | $427.8M | $281.5M | ||
| Q1 25 | $451.4M | $306.9M | ||
| Q4 24 | $437.6M | $281.5M | ||
| Q3 24 | $469.3M | $282.8M | ||
| Q2 24 | $439.4M | $282.4M |
股东权益MMLPSWIM
| Q1 26 | — | — | ||
| Q4 25 | — | $405.9M | ||
| Q3 25 | — | $408.4M | ||
| Q2 25 | — | $398.4M | ||
| Q1 25 | — | $381.1M | ||
| Q4 24 | — | $387.2M | ||
| Q3 24 | — | $416.6M | ||
| Q2 24 | — | $408.1M |
总资产MMLPSWIM
| Q1 26 | $537.1M | — | ||
| Q4 25 | $522.4M | $823.2M | ||
| Q3 25 | $510.1M | $844.4M | ||
| Q2 25 | $515.6M | $822.1M | ||
| Q1 25 | $533.4M | $824.6M | ||
| Q4 24 | $538.5M | $794.2M | ||
| Q3 24 | $554.8M | $853.4M | ||
| Q2 24 | $535.1M | $830.0M |
负债/权益比MMLPSWIM
| Q1 26 | — | — | ||
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× |
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 | — | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-6.0M | $14.1M |
| 自由现金流率自由现金流/营收 | -3.2% | 14.1% |
| 资本支出强度资本支出/营收 | 1.6% | 9.2% |
| 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 | $38.0M |
8季度趋势，按日历期对齐
经营现金流MMLPSWIM
| Q1 26 | — | — | ||
| Q4 25 | $22.4M | $23.3M | ||
| Q3 25 | $-1.2M | $51.0M | ||
| Q2 25 | $30.9M | $36.0M | ||
| Q1 25 | $-6.0M | $-46.9M | ||
| Q4 24 | $42.2M | $6.2M | ||
| Q3 24 | $-15.8M | $37.2M | ||
| Q2 24 | $11.8M | $52.4M |
自由现金流MMLPSWIM
| Q1 26 | $-6.0M | — | ||
| Q4 25 | $15.6M | $14.1M | ||
| Q3 25 | $-7.9M | $45.2M | ||
| Q2 25 | $25.6M | $29.1M | ||
| Q1 25 | $-11.9M | $-50.3M | ||
| Q4 24 | $34.2M | $-98.0K | ||
| Q3 24 | $-25.6M | $33.2M | ||
| Q2 24 | $-696.0K | $47.9M |
自由现金流率MMLPSWIM
| Q1 26 | -3.2% | — | ||
| Q4 25 | 8.9% | 14.1% | ||
| Q3 25 | -4.7% | 27.9% | ||
| Q2 25 | 14.2% | 16.8% | ||
| Q1 25 | -6.2% | -45.2% | ||
| Q4 24 | 20.0% | -0.1% | ||
| Q3 24 | -15.0% | 22.1% | ||
| Q2 24 | -0.4% | 29.9% |
资本支出强度MMLPSWIM
| Q1 26 | 1.6% | — | ||
| Q4 25 | 3.9% | 9.2% | ||
| Q3 25 | 4.0% | 3.6% | ||
| Q2 25 | 3.0% | 4.0% | ||
| Q1 25 | 3.1% | 3.1% | ||
| Q4 24 | 4.6% | 7.2% | ||
| Q3 24 | 5.8% | 2.7% | ||
| Q2 24 | 6.8% | 2.8% |
现金转化率MMLPSWIM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | 3.13× | 3.95× |
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% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
