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美盛公司（MOS）与MPLX LP（MPLX）财务数据对比。点击上方公司名可切换其他公司
美盛公司的季度营收约是MPLX LP的1.2倍（$3.0B vs $2.5B），MPLX LP净利率更高（49.1% vs -17.5%，领先66.6%），美盛公司同比增速更快（5.6% vs 1.4%），MPLX LP自由现金流更多（$782.0M vs $-405.7M），过去两年MPLX LP的营收复合增速更高（6.2% vs 5.3%）
美盛公司（The Mosaic Company）是总部位于美国佛罗里达州坦帕的化工企业，主营磷矿、钾矿开采及尿素采集，依托多元国际分销网络和旗下肥料业务板块生产销售农用肥料，是美国规模最大的钾肥、磷肥生产商。
MPLX LP旗下子公司MarkWest Energy Partners是美国业主有限合伙企业，主营天然气收集、加工及运输业务。该公司1988年成立于科罗拉多州丹佛市，曾发展为科罗拉多州第13大企业，2015年被马拉松石油旗下的MPLX收购。
MOS vs MPLX — 直观对比
营收规模更大
MOS
是对方的1.2倍
$2.5B
营收增速更快
MOS
高出4.2%
1.4%
净利率更高
MPLX
高出66.6%
-17.5%
自由现金流更多
MPLX
多$1.2B
$-405.7M
两年增速更快
MPLX
近两年复合增速
5.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $2.5B |
| 净利润 | $-519.5M | $1.2B |
| 毛利率 | 11.5% | — |
| 营业利润率 | -3.4% | 60.5% |
| 净利率 | -17.5% | 49.1% |
| 营收同比 | 5.6% | 1.4% |
| 净利润同比 | -407.4% | 8.5% |
| 每股收益（稀释后） | $-1.63 | — |
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MOSMPLX
| Q4 25 | $3.0B | $2.5B | ||
| Q3 25 | $3.5B | $2.5B | ||
| Q2 25 | $3.0B | $2.4B | ||
| Q1 25 | $2.6B | $2.5B | ||
| Q4 24 | $2.8B | $2.4B | ||
| Q3 24 | $2.8B | $2.3B | ||
| Q2 24 | $2.8B | $2.3B | ||
| Q1 24 | $2.7B | $2.2B |
净利润MOSMPLX
| Q4 25 | $-519.5M | $1.2B | ||
| Q3 25 | $411.4M | $1.6B | ||
| Q2 25 | $410.7M | $1.1B | ||
| Q1 25 | $238.1M | $1.1B | ||
| Q4 24 | $169.0M | $1.1B | ||
| Q3 24 | $122.2M | $1.0B | ||
| Q2 24 | $-161.5M | $1.2B | ||
| Q1 24 | $45.2M | $1.0B |
毛利率MOSMPLX
| Q4 25 | 11.5% | — | ||
| Q3 25 | 16.0% | — | ||
| Q2 25 | 17.3% | — | ||
| Q1 25 | 18.6% | — | ||
| Q4 24 | 10.7% | — | ||
| Q3 24 | 14.8% | — | ||
| Q2 24 | 14.0% | — | ||
| Q1 24 | 14.9% | — |
营业利润率MOSMPLX
| Q4 25 | -3.4% | 60.5% | ||
| Q3 25 | 9.8% | 73.2% | ||
| Q2 25 | 8.1% | 54.9% | ||
| Q1 25 | 12.9% | 55.5% | ||
| Q4 24 | 3.5% | 55.6% | ||
| Q3 24 | 4.1% | 54.4% | ||
| Q2 24 | 8.3% | 62.9% | ||
| Q1 24 | 6.5% | 57.6% |
净利率MOSMPLX
| Q4 25 | -17.5% | 49.1% | ||
| Q3 25 | 11.9% | 63.2% | ||
| Q2 25 | 13.7% | 44.9% | ||
| Q1 25 | 9.1% | 46.2% | ||
| Q4 24 | 6.0% | 45.9% | ||
| Q3 24 | 4.3% | 44.6% | ||
| Q2 24 | -5.7% | 52.6% | ||
| Q1 24 | 1.7% | 46.7% |
每股收益（稀释后）MOSMPLX
| Q4 25 | $-1.63 | — | ||
| Q3 25 | $1.29 | — | ||
| Q2 25 | $1.29 | — | ||
| Q1 25 | $0.75 | — | ||
| Q4 24 | $0.53 | — | ||
| Q3 24 | $0.38 | — | ||
| Q2 24 | $-0.50 | — | ||
| Q1 24 | $0.14 | — |
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 | $276.6M | $2.1B |
| 总债务越低越好 | $4.3B | $24.2B |
| 股东权益账面价值 | $12.1B | — |
| 总资产 | $24.5B | $43.0B |
| 负债/权益比越低杠杆越低 | 0.35× | — |
8季度趋势，按日历期对齐
现金及短期投资MOSMPLX
| Q4 25 | $276.6M | $2.1B | ||
| Q3 25 | $153.3M | $1.8B | ||
| Q2 25 | $286.2M | $1.4B | ||
| Q1 25 | $259.2M | $2.5B | ||
| Q4 24 | $272.8M | $1.5B | ||
| Q3 24 | $301.6M | $2.4B | ||
| Q2 24 | $322.0M | $2.5B | ||
| Q1 24 | $336.7M | $385.0M |
总债务MOSMPLX
| Q4 25 | $4.3B | $24.2B | ||
| Q3 25 | $3.4B | $24.1B | ||
| Q2 25 | $3.3B | $19.7B | ||
| Q1 25 | $3.3B | $19.7B | ||
| Q4 24 | $3.3B | $19.3B | ||
| Q3 24 | $3.2B | $19.3B | ||
| Q2 24 | $3.2B | $19.2B | ||
| Q1 24 | $3.2B | $18.8B |
股东权益MOSMPLX
| Q4 25 | $12.1B | — | ||
| Q3 25 | $12.8B | — | ||
| Q2 25 | $12.4B | — | ||
| Q1 25 | $11.8B | — | ||
| Q4 24 | $11.5B | — | ||
| Q3 24 | $11.8B | — | ||
| Q2 24 | $11.7B | — | ||
| Q1 24 | $12.0B | — |
总资产MOSMPLX
| Q4 25 | $24.5B | $43.0B | ||
| Q3 25 | $24.7B | $43.2B | ||
| Q2 25 | $24.3B | $37.8B | ||
| Q1 25 | $23.2B | $39.0B | ||
| Q4 24 | $22.9B | $37.5B | ||
| Q3 24 | $23.3B | $38.5B | ||
| Q2 24 | $22.6B | $38.4B | ||
| Q1 24 | $22.9B | $36.5B |
负债/权益比MOSMPLX
| Q4 25 | 0.35× | — | ||
| Q3 25 | 0.26× | — | ||
| Q2 25 | 0.27× | — | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | 0.29× | — | ||
| Q3 24 | 0.27× | — | ||
| Q2 24 | 0.27× | — | ||
| Q1 24 | 0.27× | — |
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 | $-56.1M | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $-405.7M | $782.0M |
| 自由现金流率自由现金流/营收 | -13.6% | 31.9% |
| 资本支出强度资本支出/营收 | 11.8% | 29.1% |
| 现金转化率经营现金流/净利润 | — | 1.24× |
| 过去12个月自由现金流最近4个季度 | $-534.6M | $4.1B |
8季度趋势，按日历期对齐
经营现金流MOSMPLX
| Q4 25 | $-56.1M | $1.5B | ||
| Q3 25 | $228.5M | $1.4B | ||
| Q2 25 | $609.5M | $1.7B | ||
| Q1 25 | $42.9M | $1.2B | ||
| Q4 24 | $219.3M | $1.7B | ||
| Q3 24 | $312.9M | $1.4B | ||
| Q2 24 | $847.0M | $1.6B | ||
| Q1 24 | $-80.0M | $1.3B |
自由现金流MOSMPLX
| Q4 25 | $-405.7M | $782.0M | ||
| Q3 25 | $-135.9M | $905.0M | ||
| Q2 25 | $304.9M | $1.4B | ||
| Q1 25 | $-297.9M | $979.0M | ||
| Q4 24 | $-74.8M | $1.4B | ||
| Q3 24 | $72.1M | $1.1B | ||
| Q2 24 | $513.1M | $1.4B | ||
| Q1 24 | $-463.0M | $1.0B |
自由现金流率MOSMPLX
| Q4 25 | -13.6% | 31.9% | ||
| Q3 25 | -3.9% | 36.8% | ||
| Q2 25 | 10.1% | 60.9% | ||
| Q1 25 | -11.4% | 39.8% | ||
| Q4 24 | -2.7% | 56.6% | ||
| Q3 24 | 2.6% | 48.4% | ||
| Q2 24 | 18.2% | 60.0% | ||
| Q1 24 | -17.3% | 47.7% |
资本支出强度MOSMPLX
| Q4 25 | 11.8% | 29.1% | ||
| Q3 25 | 10.6% | 21.4% | ||
| Q2 25 | 10.1% | 12.8% | ||
| Q1 25 | 13.0% | 10.9% | ||
| Q4 24 | 10.4% | 12.7% | ||
| Q3 24 | 8.6% | 11.9% | ||
| Q2 24 | 11.9% | 9.4% | ||
| Q1 24 | 14.3% | 11.7% |
现金转化率MOSMPLX
| Q4 25 | — | 1.24× | ||
| Q3 25 | 0.56× | 0.92× | ||
| Q2 25 | 1.48× | 1.64× | ||
| Q1 25 | 0.18× | 1.10× | ||
| Q4 24 | 1.30× | 1.51× | ||
| Q3 24 | 2.56× | 1.35× | ||
| Q2 24 | — | 1.32× | ||
| Q1 24 | -1.77× | 1.27× |
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
MOS
暂无分部数据
MPLX
| Services | $746.0M | 30% |
| Other | $675.0M | 28% |
| Products | $492.0M | 20% |
| Nonrelated Party | $186.0M | 8% |
| Related Party | $151.0M | 6% |
| Crude Oil And Products Logistics | $104.0M | 4% |
| Service Other | $56.0M | 2% |
| Natural Gas And NGL Services | $41.0M | 2% |
