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MPLX LP（MPLX）与Post Holdings, Inc.（POST）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Post Holdings, Inc.的1.1倍（$2.5B vs $2.2B），MPLX LP净利率更高（49.1% vs 4.5%，领先44.6%），Post Holdings, Inc.同比增速更快（10.1% vs 1.4%），MPLX LP自由现金流更多（$782.0M vs $119.3M），过去两年MPLX LP的营收复合增速更高（6.2% vs 4.3%）
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。
Post Holdings, Inc.是美国头部包装消费品食品生产商，旗下拥有知名食品业务板块Post Consumer Brands，总部坐落于明尼苏达州莱克维尔，其生产的食品类快消品覆盖北美及全球多个市场，深受消费者喜爱。
MPLX vs POST — 直观对比
营收规模更大
MPLX
是对方的1.1倍
$2.2B
营收增速更快
POST
高出8.7%
1.4%
净利率更高
MPLX
高出44.6%
4.5%
自由现金流更多
MPLX
多$662.7M
$119.3M
两年增速更快
MPLX
近两年复合增速
4.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $2.2B |
| 净利润 | $1.2B | $96.8M |
| 毛利率 | — | 29.4% |
| 营业利润率 | 60.5% | 11.0% |
| 净利率 | 49.1% | 4.5% |
| 营收同比 | 1.4% | 10.1% |
| 净利润同比 | 8.5% | -14.6% |
| 每股收益（稀释后） | — | $1.71 |
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MPLXPOST
| Q4 25 | $2.5B | $2.2B | ||
| Q3 25 | $2.5B | $2.2B | ||
| Q2 25 | $2.4B | $2.0B | ||
| Q1 25 | $2.5B | $2.0B | ||
| Q4 24 | $2.4B | $2.0B | ||
| Q3 24 | $2.3B | $2.0B | ||
| Q2 24 | $2.3B | $1.9B | ||
| Q1 24 | $2.2B | $2.0B |
净利润MPLXPOST
| Q4 25 | $1.2B | $96.8M | ||
| Q3 25 | $1.6B | $51.0M | ||
| Q2 25 | $1.1B | $108.8M | ||
| Q1 25 | $1.1B | $62.6M | ||
| Q4 24 | $1.1B | $113.3M | ||
| Q3 24 | $1.0B | $81.6M | ||
| Q2 24 | $1.2B | $99.8M | ||
| Q1 24 | $1.0B | $97.2M |
毛利率MPLXPOST
| Q4 25 | — | 29.4% | ||
| Q3 25 | — | 26.8% | ||
| Q2 25 | — | 30.0% | ||
| Q1 25 | — | 28.0% | ||
| Q4 24 | — | 30.1% | ||
| Q3 24 | — | 28.6% | ||
| Q2 24 | — | 29.6% | ||
| Q1 24 | — | 29.0% |
营业利润率MPLXPOST
| Q4 25 | 60.5% | 11.0% | ||
| Q3 25 | 73.2% | 7.5% | ||
| Q2 25 | 54.9% | 11.8% | ||
| Q1 25 | 55.5% | 9.3% | ||
| Q4 24 | 55.6% | 10.8% | ||
| Q3 24 | 54.4% | 9.5% | ||
| Q2 24 | 62.9% | 10.4% | ||
| Q1 24 | 57.6% | 9.5% |
净利率MPLXPOST
| Q4 25 | 49.1% | 4.5% | ||
| Q3 25 | 63.2% | 2.3% | ||
| Q2 25 | 44.9% | 5.5% | ||
| Q1 25 | 46.2% | 3.2% | ||
| Q4 24 | 45.9% | 5.7% | ||
| Q3 24 | 44.6% | 4.1% | ||
| Q2 24 | 52.6% | 5.1% | ||
| Q1 24 | 46.7% | 4.9% |
每股收益（稀释后）MPLXPOST
| Q4 25 | — | $1.71 | ||
| Q3 25 | — | $0.91 | ||
| Q2 25 | — | $1.79 | ||
| Q1 25 | — | $1.03 | ||
| Q4 24 | — | $1.78 | ||
| Q3 24 | — | $1.28 | ||
| Q2 24 | — | $1.53 | ||
| Q1 24 | — | $1.48 |
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 | $2.1B | $279.3M |
| 总债务越低越好 | $24.2B | $7.5B |
| 股东权益账面价值 | — | $3.5B |
| 总资产 | $43.0B | $13.0B |
| 负债/权益比越低杠杆越低 | — | 2.16× |
8季度趋势，按日历期对齐
现金及短期投资MPLXPOST
| Q4 25 | $2.1B | $279.3M | ||
| Q3 25 | $1.8B | $176.7M | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | $2.5B | $617.6M | ||
| Q4 24 | $1.5B | $872.9M | ||
| Q3 24 | $2.4B | $787.4M | ||
| Q2 24 | $2.5B | $333.8M | ||
| Q1 24 | $385.0M | $333.4M |
总债务MPLXPOST
| Q4 25 | $24.2B | $7.5B | ||
| Q3 25 | $24.1B | $7.4B | ||
| Q2 25 | $19.7B | $7.3B | ||
| Q1 25 | $19.7B | $6.9B | ||
| Q4 24 | $19.3B | $6.9B | ||
| Q3 24 | $19.3B | $6.8B | ||
| Q2 24 | $19.2B | $6.4B | ||
| Q1 24 | $18.8B | $6.4B |
股东权益MPLXPOST
| Q4 25 | — | $3.5B | ||
| Q3 25 | — | $3.8B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $3.8B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $4.0B |
总资产MPLXPOST
| Q4 25 | $43.0B | $13.0B | ||
| Q3 25 | $43.2B | $13.5B | ||
| Q2 25 | $37.8B | $13.4B | ||
| Q1 25 | $39.0B | $12.8B | ||
| Q4 24 | $37.5B | $12.8B | ||
| Q3 24 | $38.5B | $12.9B | ||
| Q2 24 | $38.4B | $12.1B | ||
| Q1 24 | $36.5B | $12.2B |
负债/权益比MPLXPOST
| Q4 25 | — | 2.16× | ||
| Q3 25 | — | 1.98× | ||
| Q2 25 | — | 1.84× | ||
| Q1 25 | — | 1.81× | ||
| Q4 24 | — | 1.79× | ||
| Q3 24 | — | 1.67× | ||
| Q2 24 | — | 1.62× | ||
| Q1 24 | — | 1.61× |
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 | $235.7M |
| 自由现金流经营现金流 - 资本支出 | $782.0M | $119.3M |
| 自由现金流率自由现金流/营收 | 31.9% | 5.5% |
| 资本支出强度资本支出/营收 | 29.1% | 5.4% |
| 现金转化率经营现金流/净利润 | 1.24× | 2.43× |
| 过去12个月自由现金流最近4个季度 | $4.1B | $436.0M |
8季度趋势，按日历期对齐
经营现金流MPLXPOST
| Q4 25 | $1.5B | $235.7M | ||
| Q3 25 | $1.4B | $301.3M | ||
| Q2 25 | $1.7B | $225.9M | ||
| Q1 25 | $1.2B | $160.7M | ||
| Q4 24 | $1.7B | $310.4M | ||
| Q3 24 | $1.4B | $235.4M | ||
| Q2 24 | $1.6B | $272.3M | ||
| Q1 24 | $1.3B | $249.6M |
自由现金流MPLXPOST
| Q4 25 | $782.0M | $119.3M | ||
| Q3 25 | $905.0M | $151.6M | ||
| Q2 25 | $1.4B | $94.9M | ||
| Q1 25 | $979.0M | $70.2M | ||
| Q4 24 | $1.4B | $171.4M | ||
| Q3 24 | $1.1B | $96.2M | ||
| Q2 24 | $1.4B | $161.5M | ||
| Q1 24 | $1.0B | $150.9M |
自由现金流率MPLXPOST
| Q4 25 | 31.9% | 5.5% | ||
| Q3 25 | 36.8% | 6.7% | ||
| Q2 25 | 60.9% | 4.8% | ||
| Q1 25 | 39.8% | 3.6% | ||
| Q4 24 | 56.6% | 8.7% | ||
| Q3 24 | 48.4% | 4.8% | ||
| Q2 24 | 60.0% | 8.3% | ||
| Q1 24 | 47.7% | 7.5% |
资本支出强度MPLXPOST
| Q4 25 | 29.1% | 5.4% | ||
| Q3 25 | 21.4% | 6.7% | ||
| Q2 25 | 12.8% | 6.6% | ||
| Q1 25 | 10.9% | 4.6% | ||
| Q4 24 | 12.7% | 7.0% | ||
| Q3 24 | 11.9% | 6.9% | ||
| Q2 24 | 9.4% | 5.7% | ||
| Q1 24 | 11.7% | 4.9% |
现金转化率MPLXPOST
| Q4 25 | 1.24× | 2.43× | ||
| Q3 25 | 0.92× | 5.91× | ||
| Q2 25 | 1.64× | 2.08× | ||
| Q1 25 | 1.10× | 2.57× | ||
| Q4 24 | 1.51× | 2.74× | ||
| Q3 24 | 1.35× | 2.88× | ||
| Q2 24 | 1.32× | 2.73× | ||
| Q1 24 | 1.27× | 2.57× |
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% |
POST
| Post Consumer Brands Segment | $1.1B | 51% |
| Pet Food | $360.4M | 17% |
| Side Dishes | $221.5M | 10% |
| Weetabix | $137.9M | 6% |
| Other | $122.1M | 6% |
| Nut Butters | $105.8M | 5% |
| Sausage | $53.1M | 2% |
| Cheeseand Dairy | $41.3M | 2% |
| Protein Based Shakes | $29.3M | 1% |
| Bell Ring | $18.1M | 1% |
