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MPLX LP（MPLX）与Primo Brands Corp（PRMB）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Primo Brands Corp的1.6倍（$2.5B vs $1.6B），MPLX LP净利率更高（49.1% vs -0.8%，领先49.9%），MPLX LP自由现金流更多（$782.0M vs $57.3M）
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。
Primo Brands Corp是一家美加合资饮用水企业，主营多规格桶装水、饮水机、自助补水设备及净水家电，总部位于美国佛罗里达州坦帕市，服务覆盖美国、加拿大、欧洲及以色列的住宅与商业客户。
MPLX vs PRMB — 直观对比
营收规模更大
MPLX
是对方的1.6倍
$1.6B
净利率更高
MPLX
高出49.9%
-0.8%
自由现金流更多
MPLX
多$724.7M
$57.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $1.6B |
| 净利润 | $1.2B | $-13.0M |
| 毛利率 | — | 27.7% |
| 营业利润率 | 60.5% | 1.2% |
| 净利率 | 49.1% | -0.8% |
| 营收同比 | 1.4% | — |
| 净利润同比 | 8.5% | — |
| 每股收益（稀释后） | — | $-0.03 |
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MPLXPRMB
| Q4 25 | $2.5B | $1.6B | ||
| Q3 25 | $2.5B | $1.8B | ||
| Q2 25 | $2.4B | $1.7B | ||
| Q1 25 | $2.5B | $1.6B | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.3B | $0 | ||
| Q2 24 | $2.3B | $1.3B | ||
| Q1 24 | $2.2B | $1.1B |
净利润MPLXPRMB
| Q4 25 | $1.2B | $-13.0M | ||
| Q3 25 | $1.6B | $16.8M | ||
| Q2 25 | $1.1B | $27.6M | ||
| Q1 25 | $1.1B | $28.7M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.0B | $-2.0K | ||
| Q2 24 | $1.2B | $54.5M | ||
| Q1 24 | $1.0B | $33.5M |
毛利率MPLXPRMB
| Q4 25 | — | 27.7% | ||
| Q3 25 | — | 29.9% | ||
| Q2 25 | — | 31.3% | ||
| Q1 25 | — | 32.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 32.7% | ||
| Q1 24 | — | 30.4% |
营业利润率MPLXPRMB
| Q4 25 | 60.5% | 1.2% | ||
| Q3 25 | 73.2% | 8.3% | ||
| Q2 25 | 54.9% | 6.5% | ||
| Q1 25 | 55.5% | 9.5% | ||
| Q4 24 | 55.6% | — | ||
| Q3 24 | 54.4% | — | ||
| Q2 24 | 62.9% | 12.1% | ||
| Q1 24 | 57.6% | 11.0% |
净利率MPLXPRMB
| Q4 25 | 49.1% | -0.8% | ||
| Q3 25 | 63.2% | 1.0% | ||
| Q2 25 | 44.9% | 1.6% | ||
| Q1 25 | 46.2% | 1.8% | ||
| Q4 24 | 45.9% | — | ||
| Q3 24 | 44.6% | — | ||
| Q2 24 | 52.6% | 4.1% | ||
| Q1 24 | 46.7% | 2.9% |
每股收益（稀释后）MPLXPRMB
| Q4 25 | — | $-0.03 | ||
| Q3 25 | — | $0.04 | ||
| Q2 25 | — | $0.07 | ||
| Q1 25 | — | $0.08 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-20.00 | ||
| Q2 24 | — | $0.25 | ||
| Q1 24 | — | $0.15 |
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 | $376.7M |
| 总债务越低越好 | $24.2B | $5.2B |
| 股东权益账面价值 | — | $3.0B |
| 总资产 | $43.0B | $10.6B |
| 负债/权益比越低杠杆越低 | — | 1.72× |
8季度趋势，按日历期对齐
现金及短期投资MPLXPRMB
| Q4 25 | $2.1B | $376.7M | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $385.0M | — |
总债务MPLXPRMB
| Q4 25 | $24.2B | $5.2B | ||
| Q3 25 | $24.1B | $5.1B | ||
| Q2 25 | $19.7B | $5.1B | ||
| Q1 25 | $19.7B | $5.0B | ||
| Q4 24 | $19.3B | — | ||
| Q3 24 | $19.3B | — | ||
| Q2 24 | $19.2B | — | ||
| Q1 24 | $18.8B | — |
股东权益MPLXPRMB
| Q4 25 | — | $3.0B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | — | $3.3B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-2.0K | ||
| Q2 24 | — | $-296.8M | ||
| Q1 24 | — | $-349.8M |
总资产MPLXPRMB
| Q4 25 | $43.0B | $10.6B | ||
| Q3 25 | $43.2B | $11.0B | ||
| Q2 25 | $37.8B | $11.0B | ||
| Q1 25 | $39.0B | $11.0B | ||
| Q4 24 | $37.5B | — | ||
| Q3 24 | $38.5B | $0 | ||
| Q2 24 | $38.4B | — | ||
| Q1 24 | $36.5B | — |
负债/权益比MPLXPRMB
| Q4 25 | — | 1.72× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | — | 1.57× | ||
| Q1 25 | — | 1.51× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $203.1M |
| 自由现金流经营现金流 - 资本支出 | $782.0M | $57.3M |
| 自由现金流率自由现金流/营收 | 31.9% | 3.7% |
| 资本支出强度资本支出/营收 | 29.1% | 9.4% |
| 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 | $4.1B | $302.9M |
8季度趋势，按日历期对齐
经营现金流MPLXPRMB
| Q4 25 | $1.5B | $203.1M | ||
| Q3 25 | $1.4B | $283.4M | ||
| Q2 25 | $1.7B | $155.0M | ||
| Q1 25 | $1.2B | $38.8M | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.4B | $0 | ||
| Q2 24 | $1.6B | $102.5M | ||
| Q1 24 | $1.3B | $6.0M |
自由现金流MPLXPRMB
| Q4 25 | $782.0M | $57.3M | ||
| Q3 25 | $905.0M | $167.7M | ||
| Q2 25 | $1.4B | $101.1M | ||
| Q1 25 | $979.0M | $-23.2M | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.4B | $61.4M | ||
| Q1 24 | $1.0B | $-17.5M |
自由现金流率MPLXPRMB
| Q4 25 | 31.9% | 3.7% | ||
| Q3 25 | 36.8% | 9.5% | ||
| Q2 25 | 60.9% | 5.8% | ||
| Q1 25 | 39.8% | -1.4% | ||
| Q4 24 | 56.6% | — | ||
| Q3 24 | 48.4% | — | ||
| Q2 24 | 60.0% | 4.7% | ||
| Q1 24 | 47.7% | -1.5% |
资本支出强度MPLXPRMB
| Q4 25 | 29.1% | 9.4% | ||
| Q3 25 | 21.4% | 6.6% | ||
| Q2 25 | 12.8% | 3.1% | ||
| Q1 25 | 10.9% | 3.8% | ||
| Q4 24 | 12.7% | — | ||
| Q3 24 | 11.9% | — | ||
| Q2 24 | 9.4% | 3.1% | ||
| Q1 24 | 11.7% | 2.1% |
现金转化率MPLXPRMB
| Q4 25 | 1.24× | — | ||
| Q3 25 | 0.92× | 16.87× | ||
| Q2 25 | 1.64× | 5.62× | ||
| Q1 25 | 1.10× | 1.35× | ||
| Q4 24 | 1.51× | — | ||
| Q3 24 | 1.35× | — | ||
| Q2 24 | 1.32× | 1.88× | ||
| Q1 24 | 1.27× | 0.18× |
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% |
PRMB
| Regional Spring Water | $765.1M | 49% |
| Purified Water | $484.5M | 31% |
| Other | $188.4M | 12% |
| Premium Water | $90.3M | 6% |
| Other Water | $25.8M | 2% |
