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MPLX LP（MPLX）与Regions Financial Corporation（RF）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Regions Financial Corporation的1.9倍（$2.5B vs $1.3B），MPLX LP净利率更高（49.1% vs 41.7%，领先7.4%），Regions Financial Corporation同比增速更快（4.1% vs 1.4%），过去两年MPLX LP的营收复合增速更高（6.2% vs 4.0%）
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。
Regions Financial Corporation是美国银行控股企业，总部位于阿拉巴马州伯明翰市。公司提供零售及商业银行、信托、股票经纪、抵押贷款等服务，旗下银行业务子公司Regions Bank在美国南部和中西部15个州运营约1300家营业网点和2000台自动柜员机，服务大量当地个人及企业客户。
MPLX vs RF — 直观对比
营收规模更大
MPLX
是对方的1.9倍
$1.3B
营收增速更快
RF
高出2.7%
1.4%
净利率更高
MPLX
高出7.4%
41.7%
两年增速更快
MPLX
近两年复合增速
4.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $1.3B |
| 净利润 | $1.2B | $534.0M |
| 毛利率 | — | — |
| 营业利润率 | 60.5% | 55.3% |
| 净利率 | 49.1% | 41.7% |
| 营收同比 | 1.4% | 4.1% |
| 净利润同比 | 8.5% | 0.0% |
| 每股收益（稀释后） | — | $0.59 |
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MPLXRF
| Q4 25 | $2.5B | $1.3B | ||
| Q3 25 | $2.5B | $1.3B | ||
| Q2 25 | $2.4B | $1.3B | ||
| Q1 25 | $2.5B | $1.2B | ||
| Q4 24 | $2.4B | $1.2B | ||
| Q3 24 | $2.3B | $1.2B | ||
| Q2 24 | $2.3B | $1.2B | ||
| Q1 24 | $2.2B | $1.2B |
净利润MPLXRF
| Q4 25 | $1.2B | $534.0M | ||
| Q3 25 | $1.6B | $569.0M | ||
| Q2 25 | $1.1B | $563.0M | ||
| Q1 25 | $1.1B | $490.0M | ||
| Q4 24 | $1.1B | $534.0M | ||
| Q3 24 | $1.0B | $490.0M | ||
| Q2 24 | $1.2B | $501.0M | ||
| Q1 24 | $1.0B | $368.0M |
营业利润率MPLXRF
| Q4 25 | 60.5% | 55.3% | ||
| Q3 25 | 73.2% | 56.3% | ||
| Q2 25 | 54.9% | 56.1% | ||
| Q1 25 | 55.5% | 52.0% | ||
| Q4 24 | 55.6% | 53.4% | ||
| Q3 24 | 54.4% | 49.9% | ||
| Q2 24 | 62.9% | 52.7% | ||
| Q1 24 | 57.6% | 39.2% |
净利率MPLXRF
| Q4 25 | 49.1% | 41.7% | ||
| Q3 25 | 63.2% | 45.3% | ||
| Q2 25 | 44.9% | 44.7% | ||
| Q1 25 | 46.2% | 41.0% | ||
| Q4 24 | 45.9% | 43.4% | ||
| Q3 24 | 44.6% | 40.2% | ||
| Q2 24 | 52.6% | 42.2% | ||
| Q1 24 | 46.7% | 31.1% |
每股收益（稀释后）MPLXRF
| Q4 25 | — | $0.59 | ||
| Q3 25 | — | $0.61 | ||
| Q2 25 | — | $0.59 | ||
| Q1 25 | — | $0.51 | ||
| Q4 24 | — | $0.55 | ||
| Q3 24 | — | $0.49 | ||
| Q2 24 | — | $0.52 | ||
| Q1 24 | — | $0.37 |
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 | — |
| 总债务越低越好 | $24.2B | $4.1B |
| 股东权益账面价值 | — | $19.0B |
| 总资产 | $43.0B | $158.8B |
| 负债/权益比越低杠杆越低 | — | 0.22× |
8季度趋势，按日历期对齐
现金及短期投资MPLXRF
| Q4 25 | $2.1B | — | ||
| 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MPLXRF
| Q4 25 | $24.2B | $4.1B | ||
| Q3 25 | $24.1B | $4.8B | ||
| Q2 25 | $19.7B | $5.3B | ||
| Q1 25 | $19.7B | $6.0B | ||
| Q4 24 | $19.3B | $6.0B | ||
| Q3 24 | $19.3B | $6.0B | ||
| Q2 24 | $19.2B | $5.1B | ||
| Q1 24 | $18.8B | $3.3B |
股东权益MPLXRF
| Q4 25 | — | $19.0B | ||
| Q3 25 | — | $19.0B | ||
| Q2 25 | — | $18.7B | ||
| Q1 25 | — | $18.5B | ||
| Q4 24 | — | $17.9B | ||
| Q3 24 | — | $18.7B | ||
| Q2 24 | — | $17.2B | ||
| Q1 24 | — | $17.0B |
总资产MPLXRF
| Q4 25 | $43.0B | $158.8B | ||
| Q3 25 | $43.2B | $159.9B | ||
| Q2 25 | $37.8B | $159.2B | ||
| Q1 25 | $39.0B | $159.8B | ||
| Q4 24 | $37.5B | $157.3B | ||
| Q3 24 | $38.5B | $157.4B | ||
| Q2 24 | $38.4B | $154.1B | ||
| Q1 24 | $36.5B | $154.9B |
负债/权益比MPLXRF
| Q4 25 | — | 0.22× | ||
| Q3 25 | — | 0.25× | ||
| Q2 25 | — | 0.28× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.34× | ||
| Q3 24 | — | 0.32× | ||
| Q2 24 | — | 0.30× | ||
| Q1 24 | — | 0.20× |
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 | $-319.0M |
| 自由现金流经营现金流 - 资本支出 | $782.0M | — |
| 自由现金流率自由现金流/营收 | 31.9% | — |
| 资本支出强度资本支出/营收 | 29.1% | — |
| 现金转化率经营现金流/净利润 | 1.24× | -0.60× |
| 过去12个月自由现金流最近4个季度 | $4.1B | — |
8季度趋势，按日历期对齐
经营现金流MPLXRF
| Q4 25 | $1.5B | $-319.0M | ||
| Q3 25 | $1.4B | $861.0M | ||
| Q2 25 | $1.7B | $573.0M | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $1.7B | $-220.0M | ||
| Q3 24 | $1.4B | $1.3B | ||
| Q2 24 | $1.6B | $161.0M | ||
| Q1 24 | $1.3B | $396.0M |
自由现金流MPLXRF
| Q4 25 | $782.0M | — | ||
| Q3 25 | $905.0M | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $979.0M | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.0B | — |
自由现金流率MPLXRF
| Q4 25 | 31.9% | — | ||
| Q3 25 | 36.8% | — | ||
| Q2 25 | 60.9% | — | ||
| Q1 25 | 39.8% | — | ||
| Q4 24 | 56.6% | — | ||
| Q3 24 | 48.4% | — | ||
| Q2 24 | 60.0% | — | ||
| Q1 24 | 47.7% | — |
资本支出强度MPLXRF
| Q4 25 | 29.1% | — | ||
| Q3 25 | 21.4% | — | ||
| Q2 25 | 12.8% | — | ||
| Q1 25 | 10.9% | — | ||
| Q4 24 | 12.7% | — | ||
| Q3 24 | 11.9% | — | ||
| Q2 24 | 9.4% | — | ||
| Q1 24 | 11.7% | — |
现金转化率MPLXRF
| Q4 25 | 1.24× | -0.60× | ||
| Q3 25 | 0.92× | 1.51× | ||
| Q2 25 | 1.64× | 1.02× | ||
| Q1 25 | 1.10× | 2.18× | ||
| Q4 24 | 1.51× | -0.41× | ||
| Q3 24 | 1.35× | 2.57× | ||
| Q2 24 | 1.32× | 0.32× | ||
| Q1 24 | 1.27× | 1.08× |
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% |
RF
| Consumer Bank | $747.0M | 58% |
| Corporate Bank | $487.0M | 38% |
| Wealth Management | $47.0M | 4% |
