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摩丁制造（MOD）与NGL Energy Partners LP（NGL）财务数据对比。点击上方公司名可切换其他公司
NGL Energy Partners LP的季度营收约是摩丁制造的1.1倍（$909.8M vs $805.0M），NGL Energy Partners LP净利率更高（5.2% vs -5.9%，领先11.1%），摩丁制造同比增速更快（30.5% vs -41.3%），NGL Energy Partners LP自由现金流更多（$45.7M vs $-17.1M），过去两年摩丁制造的营收复合增速更高（15.5% vs -6.4%）
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
NGL Energy Partners LP是一家总部位于美国的中游能源服务企业，主营原油、液化天然气、可再生燃料的运输、存储及物流服务，同时为上游能源生产商提供水资源管理解决方案，业务主要覆盖北美市场。
MOD vs NGL — 直观对比
营收规模更大
NGL
是对方的1.1倍
$805.0M
营收增速更快
MOD
高出71.8%
-41.3%
净利率更高
NGL
高出11.1%
-5.9%
自由现金流更多
NGL
多$62.8M
$-17.1M
两年增速更快
MOD
近两年复合增速
-6.4%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $805.0M | $909.8M |
| 净利润 | $-47.4M | $47.2M |
| 毛利率 | 23.1% | 29.0% |
| 营业利润率 | 11.1% | 12.1% |
| 净利率 | -5.9% | 5.2% |
| 营收同比 | 30.5% | -41.3% |
| 净利润同比 | -215.6% | 249.3% |
| 每股收益（稀释后） | $-0.90 | — |
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MODNGL
| Q4 25 | $805.0M | $909.8M | ||
| Q3 25 | $738.9M | $674.7M | ||
| Q2 25 | $682.8M | $622.2M | ||
| Q1 25 | $647.2M | $971.1M | ||
| Q4 24 | $616.8M | $982.4M | ||
| Q3 24 | $658.0M | $756.5M | ||
| Q2 24 | $661.5M | $759.2M | ||
| Q1 24 | $603.5M | $1.0B |
净利润MODNGL
| Q4 25 | $-47.4M | $47.2M | ||
| Q3 25 | $44.4M | $29.3M | ||
| Q2 25 | $51.2M | $68.9M | ||
| Q1 25 | $49.6M | $13.7M | ||
| Q4 24 | $41.0M | $13.5M | ||
| Q3 24 | $46.1M | $2.5M | ||
| Q2 24 | $47.3M | $9.7M | ||
| Q1 24 | $25.8M | $-236.8M |
毛利率MODNGL
| Q4 25 | 23.1% | 29.0% | ||
| Q3 25 | 22.3% | 37.6% | ||
| Q2 25 | 24.2% | 38.5% | ||
| Q1 25 | 25.6% | 26.9% | ||
| Q4 24 | 24.3% | 25.1% | ||
| Q3 24 | 25.2% | 30.9% | ||
| Q2 24 | 24.6% | 29.0% | ||
| Q1 24 | 22.4% | 21.8% |
营业利润率MODNGL
| Q4 25 | 11.1% | 12.1% | ||
| Q3 25 | 9.9% | 14.0% | ||
| Q2 25 | 11.1% | 15.7% | ||
| Q1 25 | 11.5% | 8.4% | ||
| Q4 24 | 9.6% | 8.6% | ||
| Q3 24 | 11.4% | 10.8% | ||
| Q2 24 | 11.2% | 10.8% | ||
| Q1 24 | 7.8% | -9.4% |
净利率MODNGL
| Q4 25 | -5.9% | 5.2% | ||
| Q3 25 | 6.0% | 4.3% | ||
| Q2 25 | 7.5% | 11.1% | ||
| Q1 25 | 7.7% | 1.4% | ||
| Q4 24 | 6.6% | 1.4% | ||
| Q3 24 | 7.0% | 0.3% | ||
| Q2 24 | 7.2% | 1.3% | ||
| Q1 24 | 4.3% | -22.8% |
每股收益（稀释后）MODNGL
| Q4 25 | $-0.90 | — | ||
| Q3 25 | $0.83 | — | ||
| Q2 25 | $0.95 | — | ||
| Q1 25 | $0.92 | — | ||
| Q4 24 | $0.76 | — | ||
| Q3 24 | $0.86 | — | ||
| Q2 24 | $0.88 | — | ||
| Q1 24 | $0.48 | — |
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 | $98.7M | $6.5M |
| 总债务越低越好 | $570.7M | $2.9B |
| 股东权益账面价值 | $1.1B | — |
| 总资产 | $2.5B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.51× | — |
8季度趋势，按日历期对齐
现金及短期投资MODNGL
| Q4 25 | $98.7M | $6.5M | ||
| Q3 25 | $83.8M | $8.7M | ||
| Q2 25 | $124.5M | $5.4M | ||
| Q1 25 | $71.6M | $13.5M | ||
| Q4 24 | $83.8M | $5.7M | ||
| Q3 24 | $78.6M | $4.5M | ||
| Q2 24 | $72.9M | $5.3M | ||
| Q1 24 | $60.1M | $38.9M |
总债务MODNGL
| Q4 25 | $570.7M | $2.9B | ||
| Q3 25 | $525.8M | $2.9B | ||
| Q2 25 | $482.1M | $2.9B | ||
| Q1 25 | $296.7M | $3.0B | ||
| Q4 24 | $330.0M | $3.1B | ||
| Q3 24 | $359.1M | $3.1B | ||
| Q2 24 | $405.7M | $3.0B | ||
| Q1 24 | $399.9M | $2.9B |
股东权益MODNGL
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $910.2M | — | ||
| Q4 24 | $855.1M | — | ||
| Q3 24 | $858.8M | — | ||
| Q2 24 | $788.4M | — | ||
| Q1 24 | $747.6M | — |
总资产MODNGL
| Q4 25 | $2.5B | $4.4B | ||
| Q3 25 | $2.4B | $4.3B | ||
| Q2 25 | $2.2B | $4.2B | ||
| Q1 25 | $1.9B | $4.6B | ||
| Q4 24 | $1.8B | $4.8B | ||
| Q3 24 | $1.9B | $4.9B | ||
| Q2 24 | $1.9B | $4.8B | ||
| Q1 24 | $1.9B | $5.0B |
负债/权益比MODNGL
| Q4 25 | 0.51× | — | ||
| Q3 25 | 0.50× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 0.39× | — | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | 0.51× | — | ||
| Q1 24 | 0.53× | — |
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 | $24.7M | $182.3M |
| 自由现金流经营现金流 - 资本支出 | $-17.1M | $45.7M |
| 自由现金流率自由现金流/营收 | -2.1% | 5.0% |
| 资本支出强度资本支出/营收 | 5.2% | 15.0% |
| 现金转化率经营现金流/净利润 | — | 3.86× |
| 过去12个月自由现金流最近4个季度 | $-20.3M | $126.7M |
8季度趋势，按日历期对齐
经营现金流MODNGL
| Q4 25 | $24.7M | $182.3M | ||
| Q3 25 | $1.4M | $40.5M | ||
| Q2 25 | $27.7M | $33.2M | ||
| Q1 25 | $54.8M | $155.0M | ||
| Q4 24 | $60.7M | $153.8M | ||
| Q3 24 | $57.3M | $6.7M | ||
| Q2 24 | $40.5M | $-18.1M | ||
| Q1 24 | $39.6M | $152.2M |
自由现金流MODNGL
| Q4 25 | $-17.1M | $45.7M | ||
| Q3 25 | $-30.5M | $9.5M | ||
| Q2 25 | $200.0K | $11.1M | ||
| Q1 25 | $27.1M | $60.4M | ||
| Q4 24 | $44.7M | $152.1M | ||
| Q3 24 | $43.8M | $-82.9M | ||
| Q2 24 | $13.7M | $-78.0M | ||
| Q1 24 | $-4.3M | $119.8M |
自由现金流率MODNGL
| Q4 25 | -2.1% | 5.0% | ||
| Q3 25 | -4.1% | 1.4% | ||
| Q2 25 | 0.0% | 1.8% | ||
| Q1 25 | 4.2% | 6.2% | ||
| Q4 24 | 7.2% | 15.5% | ||
| Q3 24 | 6.7% | -11.0% | ||
| Q2 24 | 2.1% | -10.3% | ||
| Q1 24 | -0.7% | 11.5% |
资本支出强度MODNGL
| Q4 25 | 5.2% | 15.0% | ||
| Q3 25 | 4.3% | 4.6% | ||
| Q2 25 | 4.0% | 3.6% | ||
| Q1 25 | 4.3% | 9.7% | ||
| Q4 24 | 2.6% | 0.2% | ||
| Q3 24 | 2.1% | 11.8% | ||
| Q2 24 | 4.1% | 7.9% | ||
| Q1 24 | 7.3% | 3.1% |
现金转化率MODNGL
| Q4 25 | — | 3.86× | ||
| Q3 25 | 0.03× | 1.38× | ||
| Q2 25 | 0.54× | 0.48× | ||
| Q1 25 | 1.10× | 11.29× | ||
| Q4 24 | 1.48× | 11.39× | ||
| Q3 24 | 1.24× | 2.74× | ||
| Q2 24 | 0.86× | -1.87× | ||
| Q1 24 | 1.53× | — |
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
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
NGL
| Water Solutions Segment | $208.6M | 23% |
| Services | $193.3M | 21% |
| Butane | $192.5M | 21% |
| Service Fees | $182.8M | 20% |
| Public Utilities Inventory Propane | $93.9M | 10% |
| Crude Oil | $23.3M | 3% |
| Crude Oil Transportation And Other | $6.5M | 1% |
| Liquids Logistics Segment | $2.5M | 0% |
| Crude Oil Logistics Segment | $1.2M | 0% |
