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MPLX LP（MPLX）与西方石油（OXY）财务数据对比。点击上方公司名可切换其他公司
MPLX LP的季度营收约是西方石油的1.5倍（$2.5B vs $1.7B），MPLX LP净利率更高（49.1% vs 6.9%，领先42.2%），MPLX LP同比增速更快（1.4% vs -75.8%），西方石油自由现金流更多（$1.9B vs $782.0M），过去两年MPLX LP的营收复合增速更高（6.2% vs -50.4%）
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。
西方石油是一家美国能源企业，核心业务覆盖美国及中东地区的油气勘探，以及美国、加拿大、智利的石化产品制造。公司注册于特拉华州，总部位于休斯顿，2021年分别位列财富500强第183位、福布斯全球企业2000强第670位。
MPLX vs OXY — 直观对比
营收规模更大
MPLX
是对方的1.5倍
$1.7B
营收增速更快
MPLX
高出77.2%
-75.8%
净利率更高
MPLX
高出42.2%
6.9%
自由现金流更多
OXY
多$1.1B
$782.0M
两年增速更快
MPLX
近两年复合增速
-50.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $1.7B |
| 净利润 | $1.2B | $114.0M |
| 毛利率 | — | — |
| 营业利润率 | 60.5% | -6.5% |
| 净利率 | 49.1% | 6.9% |
| 营收同比 | 1.4% | -75.8% |
| 净利润同比 | 8.5% | 195.0% |
| 每股收益（稀释后） | — | $-0.07 |
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MPLXOXY
| Q4 25 | $2.5B | $1.7B | ||
| Q3 25 | $2.5B | $6.7B | ||
| Q2 25 | $2.4B | $6.3B | ||
| Q1 25 | $2.5B | $6.9B | ||
| Q4 24 | $2.4B | $6.9B | ||
| Q3 24 | $2.3B | $7.0B | ||
| Q2 24 | $2.3B | $6.8B | ||
| Q1 24 | $2.2B | $6.7B |
净利润MPLXOXY
| Q4 25 | $1.2B | $114.0M | ||
| Q3 25 | $1.6B | $842.0M | ||
| Q2 25 | $1.1B | $468.0M | ||
| Q1 25 | $1.1B | $945.0M | ||
| Q4 24 | $1.1B | $-120.0M | ||
| Q3 24 | $1.0B | $1.1B | ||
| Q2 24 | $1.2B | $1.2B | ||
| Q1 24 | $1.0B | $888.0M |
毛利率MPLXOXY
| Q4 25 | — | — | ||
| Q3 25 | — | 87.8% | ||
| Q2 25 | — | 86.6% | ||
| Q1 25 | — | 88.4% | ||
| Q4 24 | — | 89.0% | ||
| Q3 24 | — | 88.5% | ||
| Q2 24 | — | 87.9% | ||
| Q1 24 | — | 89.0% |
营业利润率MPLXOXY
| Q4 25 | 60.5% | -6.5% | ||
| Q3 25 | 73.2% | 17.4% | ||
| Q2 25 | 54.9% | 11.7% | ||
| Q1 25 | 55.5% | 19.3% | ||
| Q4 24 | 55.6% | -2.5% | ||
| Q3 24 | 54.4% | 22.7% | ||
| Q2 24 | 62.9% | 24.0% | ||
| Q1 24 | 57.6% | 15.0% |
净利率MPLXOXY
| Q4 25 | 49.1% | 6.9% | ||
| Q3 25 | 63.2% | 12.6% | ||
| Q2 25 | 44.9% | 7.4% | ||
| Q1 25 | 46.2% | 13.7% | ||
| Q4 24 | 45.9% | -1.7% | ||
| Q3 24 | 44.6% | 16.2% | ||
| Q2 24 | 52.6% | 17.2% | ||
| Q1 24 | 46.7% | 13.2% |
每股收益（稀释后）MPLXOXY
| Q4 25 | — | $-0.07 | ||
| Q3 25 | — | $0.65 | ||
| Q2 25 | — | $0.26 | ||
| Q1 25 | — | $0.77 | ||
| Q4 24 | — | $-0.32 | ||
| Q3 24 | — | $0.98 | ||
| Q2 24 | — | $1.03 | ||
| Q1 24 | — | $0.75 |
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 | $2.1B | $2.0B |
| 总债务越低越好 | $24.2B | $20.6B |
| 股东权益账面价值 | — | $36.0B |
| 总资产 | $43.0B | $84.2B |
| 负债/权益比越低杠杆越低 | — | 0.57× |
8季度趋势，按日历期对齐
现金及短期投资MPLXOXY
| Q4 25 | $2.1B | $2.0B | ||
| Q3 25 | $1.8B | $2.2B | ||
| Q2 25 | $1.4B | $2.3B | ||
| Q1 25 | $2.5B | $2.6B | ||
| Q4 24 | $1.5B | $2.1B | ||
| Q3 24 | $2.4B | $1.8B | ||
| Q2 24 | $2.5B | $1.8B | ||
| Q1 24 | $385.0M | $1.3B |
总债务MPLXOXY
| Q4 25 | $24.2B | $20.6B | ||
| Q3 25 | $24.1B | $20.8B | ||
| Q2 25 | $19.7B | $23.3B | ||
| Q1 25 | $19.7B | $24.0B | ||
| Q4 24 | $19.3B | $25.0B | ||
| Q3 24 | $19.3B | $25.5B | ||
| Q2 24 | $19.2B | $18.4B | ||
| Q1 24 | $18.8B | $18.5B |
股东权益MPLXOXY
| Q4 25 | — | $36.0B | ||
| Q3 25 | — | $36.3B | ||
| Q2 25 | — | $35.7B | ||
| Q1 25 | — | $34.7B | ||
| Q4 24 | — | $34.2B | ||
| Q3 24 | — | $34.7B | ||
| Q2 24 | — | $32.1B | ||
| Q1 24 | — | $30.8B |
总资产MPLXOXY
| Q4 25 | $43.0B | $84.2B | ||
| Q3 25 | $43.2B | $83.5B | ||
| Q2 25 | $37.8B | $84.4B | ||
| Q1 25 | $39.0B | $85.0B | ||
| Q4 24 | $37.5B | $85.4B | ||
| Q3 24 | $38.5B | $85.8B | ||
| Q2 24 | $38.4B | $76.2B | ||
| Q1 24 | $36.5B | $74.3B |
负债/权益比MPLXOXY
| Q4 25 | — | 0.57× | ||
| Q3 25 | — | 0.57× | ||
| Q2 25 | — | 0.65× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.73× | ||
| Q2 24 | — | 0.57× | ||
| Q1 24 | — | 0.60× |
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 | $1.5B | $2.6B |
| 自由现金流经营现金流 - 资本支出 | $782.0M | $1.9B |
| 自由现金流率自由现金流/营收 | 31.9% | 113.4% |
| 资本支出强度资本支出/营收 | 29.1% | 45.4% |
| 现金转化率经营现金流/净利润 | 1.24× | 23.11× |
| 过去12个月自由现金流最近4个季度 | $4.1B | $4.1B |
8季度趋势，按日历期对齐
经营现金流MPLXOXY
| Q4 25 | $1.5B | $2.6B | ||
| Q3 25 | $1.4B | $2.8B | ||
| Q2 25 | $1.7B | $3.0B | ||
| Q1 25 | $1.2B | $2.1B | ||
| Q4 24 | $1.7B | $3.4B | ||
| Q3 24 | $1.4B | $3.7B | ||
| Q2 24 | $1.6B | $2.4B | ||
| Q1 24 | $1.3B | $2.0B |
自由现金流MPLXOXY
| Q4 25 | $782.0M | $1.9B | ||
| Q3 25 | $905.0M | $1.0B | ||
| Q2 25 | $1.4B | $962.0M | ||
| Q1 25 | $979.0M | $240.0M | ||
| Q4 24 | $1.4B | $1.6B | ||
| Q3 24 | $1.1B | $2.0B | ||
| Q2 24 | $1.4B | $623.0M | ||
| Q1 24 | $1.0B | $224.0M |
自由现金流率MPLXOXY
| Q4 25 | 31.9% | 113.4% | ||
| Q3 25 | 36.8% | 15.3% | ||
| Q2 25 | 60.9% | 15.2% | ||
| Q1 25 | 39.8% | 3.5% | ||
| Q4 24 | 56.6% | 23.0% | ||
| Q3 24 | 48.4% | 28.5% | ||
| Q2 24 | 60.0% | 9.2% | ||
| Q1 24 | 47.7% | 3.3% |
资本支出强度MPLXOXY
| Q4 25 | 29.1% | 45.4% | ||
| Q3 25 | 21.4% | 26.5% | ||
| Q2 25 | 12.8% | 31.6% | ||
| Q1 25 | 10.9% | 27.6% | ||
| Q4 24 | 12.7% | 26.0% | ||
| Q3 24 | 11.9% | 24.0% | ||
| Q2 24 | 9.4% | 26.0% | ||
| Q1 24 | 11.7% | 26.5% |
现金转化率MPLXOXY
| Q4 25 | 1.24× | 23.11× | ||
| Q3 25 | 0.92× | 3.31× | ||
| Q2 25 | 1.64× | 6.32× | ||
| Q1 25 | 1.10× | 2.27× | ||
| Q4 24 | 1.51× | — | ||
| Q3 24 | 1.35× | 3.23× | ||
| Q2 24 | 1.32× | 2.05× | ||
| Q1 24 | 1.27× | 2.26× |
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
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% |
OXY
暂无分部数据
