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MPLX LP（MPLX）与罗布乐思（RBLX）财务数据对比。点击上方公司名可切换其他公司
MPLX LP的季度营收约是罗布乐思的1.7倍（$2.5B vs $1.4B），MPLX LP净利率更高（49.1% vs -22.3%，领先71.4%），罗布乐思同比增速更快（43.2% vs 1.4%），MPLX LP自由现金流更多（$782.0M vs $308.6M），过去两年罗布乐思的营收复合增速更高（32.9% vs 6.2%）
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。
罗布乐思（Roblox Corporation）是总部位于美国加利福尼亚州圣马特奥的游戏企业，由大卫·巴斯祖奇与埃里克·卡塞尔于2004年共同创立。公司核心产品为同名线上游戏创作平台Roblox，于2006年正式上线，截至2024年12月底全球员工规模已超2400人。
MPLX vs RBLX — 直观对比
营收规模更大
MPLX
是对方的1.7倍
$1.4B
营收增速更快
RBLX
高出41.8%
1.4%
净利率更高
MPLX
高出71.4%
-22.3%
自由现金流更多
MPLX
多$473.4M
$308.6M
两年增速更快
RBLX
近两年复合增速
6.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $1.4B |
| 净利润 | $1.2B | $-316.0M |
| 毛利率 | — | 77.7% |
| 营业利润率 | 60.5% | -25.3% |
| 净利率 | 49.1% | -22.3% |
| 营收同比 | 1.4% | 43.2% |
| 净利润同比 | 8.5% | -43.9% |
| 每股收益（稀释后） | — | $-0.44 |
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MPLXRBLX
| Q4 25 | $2.5B | $1.4B | ||
| Q3 25 | $2.5B | $1.4B | ||
| Q2 25 | $2.4B | $1.1B | ||
| Q1 25 | $2.5B | $1.0B | ||
| Q4 24 | $2.4B | $988.2M | ||
| Q3 24 | $2.3B | $919.0M | ||
| Q2 24 | $2.3B | $893.5M | ||
| Q1 24 | $2.2B | $801.3M |
净利润MPLXRBLX
| Q4 25 | $1.2B | $-316.0M | ||
| Q3 25 | $1.6B | $-255.6M | ||
| Q2 25 | $1.1B | $-278.4M | ||
| Q1 25 | $1.1B | $-215.1M | ||
| Q4 24 | $1.1B | $-219.6M | ||
| Q3 24 | $1.0B | $-239.3M | ||
| Q2 24 | $1.2B | $-205.9M | ||
| Q1 24 | $1.0B | $-270.6M |
毛利率MPLXRBLX
| Q4 25 | — | 77.7% | ||
| Q3 25 | — | 78.2% | ||
| Q2 25 | — | 78.2% | ||
| Q1 25 | — | 78.3% | ||
| Q4 24 | — | 77.9% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% | ||
| Q1 24 | — | 77.7% |
营业利润率MPLXRBLX
| Q4 25 | 60.5% | -25.3% | ||
| Q3 25 | 73.2% | -21.8% | ||
| Q2 25 | 54.9% | -29.8% | ||
| Q1 25 | 55.5% | -24.6% | ||
| Q4 24 | 55.6% | -24.7% | ||
| Q3 24 | 54.4% | -30.4% | ||
| Q2 24 | 62.9% | -26.6% | ||
| Q1 24 | 57.6% | -37.7% |
净利率MPLXRBLX
| Q4 25 | 49.1% | -22.3% | ||
| Q3 25 | 63.2% | -18.8% | ||
| Q2 25 | 44.9% | -25.8% | ||
| Q1 25 | 46.2% | -20.8% | ||
| Q4 24 | 45.9% | -22.2% | ||
| Q3 24 | 44.6% | -26.0% | ||
| Q2 24 | 52.6% | -23.0% | ||
| Q1 24 | 46.7% | -33.8% |
每股收益（稀释后）MPLXRBLX
| Q4 25 | — | $-0.44 | ||
| Q3 25 | — | $-0.37 | ||
| Q2 25 | — | $-0.41 | ||
| Q1 25 | — | $-0.32 | ||
| Q4 24 | — | $-0.32 | ||
| Q3 24 | — | $-0.37 | ||
| Q2 24 | — | $-0.32 | ||
| Q1 24 | — | $-0.43 |
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 | $3.1B |
| 总债务越低越好 | $24.2B | $1.2B |
| 股东权益账面价值 | — | $394.5M |
| 总资产 | $43.0B | $9.6B |
| 负债/权益比越低杠杆越低 | — | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资MPLXRBLX
| Q4 25 | $2.1B | $3.1B | ||
| Q3 25 | $1.8B | $2.9B | ||
| Q2 25 | $1.4B | $2.6B | ||
| Q1 25 | $2.5B | $2.7B | ||
| Q4 24 | $1.5B | $2.4B | ||
| Q3 24 | $2.4B | $2.3B | ||
| Q2 24 | $2.5B | $2.4B | ||
| Q1 24 | $385.0M | $2.4B |
总债务MPLXRBLX
| Q4 25 | $24.2B | $1.2B | ||
| Q3 25 | $24.1B | — | ||
| Q2 25 | $19.7B | — | ||
| Q1 25 | $19.7B | — | ||
| Q4 24 | $19.3B | $1.2B | ||
| Q3 24 | $19.3B | — | ||
| Q2 24 | $19.2B | — | ||
| Q1 24 | $18.8B | — |
股东权益MPLXRBLX
| Q4 25 | — | $394.5M | ||
| Q3 25 | — | $407.6M | ||
| Q2 25 | — | $353.2M | ||
| Q1 25 | — | $310.7M | ||
| Q4 24 | — | $221.4M | ||
| Q3 24 | — | $189.9M | ||
| Q2 24 | — | $121.5M | ||
| Q1 24 | — | $71.6M |
总资产MPLXRBLX
| Q4 25 | $43.0B | $9.6B | ||
| Q3 25 | $43.2B | $8.6B | ||
| Q2 25 | $37.8B | $7.8B | ||
| Q1 25 | $39.0B | $7.5B | ||
| Q4 24 | $37.5B | $7.2B | ||
| Q3 24 | $38.5B | $6.7B | ||
| Q2 24 | $38.4B | $6.5B | ||
| Q1 24 | $36.5B | $6.3B |
负债/权益比MPLXRBLX
| Q4 25 | — | 2.98× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.48× | ||
| 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 | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $782.0M | $308.6M |
| 自由现金流率自由现金流/营收 | 31.9% | 21.8% |
| 资本支出强度资本支出/营收 | 29.1% | 21.1% |
| 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 | $4.1B | $1.4B |
8季度趋势，按日历期对齐
经营现金流MPLXRBLX
| Q4 25 | $1.5B | $607.0M | ||
| Q3 25 | $1.4B | $546.2M | ||
| Q2 25 | $1.7B | $199.3M | ||
| Q1 25 | $1.2B | $443.9M | ||
| Q4 24 | $1.7B | $184.5M | ||
| Q3 24 | $1.4B | $247.4M | ||
| Q2 24 | $1.6B | $151.4M | ||
| Q1 24 | $1.3B | $238.9M |
自由现金流MPLXRBLX
| Q4 25 | $782.0M | $308.6M | ||
| Q3 25 | $905.0M | $443.6M | ||
| Q2 25 | $1.4B | $176.7M | ||
| Q1 25 | $979.0M | $426.5M | ||
| Q4 24 | $1.4B | $120.6M | ||
| Q3 24 | $1.1B | $218.0M | ||
| Q2 24 | $1.4B | $111.7M | ||
| Q1 24 | $1.0B | $192.3M |
自由现金流率MPLXRBLX
| Q4 25 | 31.9% | 21.8% | ||
| Q3 25 | 36.8% | 32.6% | ||
| Q2 25 | 60.9% | 16.3% | ||
| Q1 25 | 39.8% | 41.2% | ||
| Q4 24 | 56.6% | 12.2% | ||
| Q3 24 | 48.4% | 23.7% | ||
| Q2 24 | 60.0% | 12.5% | ||
| Q1 24 | 47.7% | 24.0% |
资本支出强度MPLXRBLX
| Q4 25 | 29.1% | 21.1% | ||
| Q3 25 | 21.4% | 7.5% | ||
| Q2 25 | 12.8% | 2.1% | ||
| Q1 25 | 10.9% | 1.7% | ||
| Q4 24 | 12.7% | 6.5% | ||
| Q3 24 | 11.9% | 3.2% | ||
| Q2 24 | 9.4% | 4.4% | ||
| Q1 24 | 11.7% | 5.8% |
现金转化率MPLXRBLX
| Q4 25 | 1.24× | — | ||
| Q3 25 | 0.92× | — | ||
| Q2 25 | 1.64× | — | ||
| Q1 25 | 1.10× | — | ||
| Q4 24 | 1.51× | — | ||
| Q3 24 | 1.35× | — | ||
| Q2 24 | 1.32× | — | ||
| Q1 24 | 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
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% |
RBLX
暂无分部数据
