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MPLX LP（MPLX）与Raymond James Financial（RJF）财务数据对比。点击上方公司名可切换其他公司
Raymond James Financial的季度营收约是MPLX LP的1.7倍（$4.2B vs $2.5B），MPLX LP净利率更高（49.1% vs 13.5%，领先35.6%），Raymond James Financial同比增速更快（3.5% vs 1.4%），MPLX LP自由现金流更多（$782.0M vs $-56.0M），过去两年Raymond James Financial的营收复合增速更高（7.1% 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。
雷蒙德詹姆斯金融是美国跨国独立投资银行及金融服务机构，通过旗下子公司为个人、企业及市政主体提供多元金融服务，核心业务覆盖投资与财务规划、投资银行、资产管理等领域，总部位于美国佛罗里达州圣彼得堡。
MPLX vs RJF — 直观对比
营收规模更大
RJF
是对方的1.7倍
$2.5B
营收增速更快
RJF
高出2.1%
1.4%
净利率更高
MPLX
高出35.6%
13.5%
自由现金流更多
MPLX
多$838.0M
$-56.0M
两年增速更快
RJF
近两年复合增速
6.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $4.2B |
| 净利润 | $1.2B | $563.0M |
| 毛利率 | — | — |
| 营业利润率 | 60.5% | — |
| 净利率 | 49.1% | 13.5% |
| 营收同比 | 1.4% | 3.5% |
| 净利润同比 | 8.5% | -6.2% |
| 每股收益（稀释后） | — | $2.79 |
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MPLXRJF
| Q4 25 | $2.5B | $4.2B | ||
| Q3 25 | $2.5B | $4.2B | ||
| Q2 25 | $2.4B | $3.8B | ||
| Q1 25 | $2.5B | $3.8B | ||
| Q4 24 | $2.4B | $4.0B | ||
| Q3 24 | $2.3B | $4.0B | ||
| Q2 24 | $2.3B | $3.8B | ||
| Q1 24 | $2.2B | $3.6B |
净利润MPLXRJF
| Q4 25 | $1.2B | $563.0M | ||
| Q3 25 | $1.6B | $604.0M | ||
| Q2 25 | $1.1B | $436.0M | ||
| Q1 25 | $1.1B | $495.0M | ||
| Q4 24 | $1.1B | $600.0M | ||
| Q3 24 | $1.0B | $602.0M | ||
| Q2 24 | $1.2B | $492.0M | ||
| Q1 24 | $1.0B | $476.0M |
营业利润率MPLXRJF
| Q4 25 | 60.5% | — | ||
| Q3 25 | 73.2% | — | ||
| Q2 25 | 54.9% | 14.7% | ||
| Q1 25 | 55.5% | 17.5% | ||
| Q4 24 | 55.6% | 18.6% | ||
| Q3 24 | 54.4% | — | ||
| Q2 24 | 62.9% | 17.1% | ||
| Q1 24 | 57.6% | 16.7% |
净利率MPLXRJF
| Q4 25 | 49.1% | 13.5% | ||
| Q3 25 | 63.2% | 14.4% | ||
| Q2 25 | 44.9% | 11.3% | ||
| Q1 25 | 46.2% | 12.9% | ||
| Q4 24 | 45.9% | 14.9% | ||
| Q3 24 | 44.6% | 15.0% | ||
| Q2 24 | 52.6% | 13.1% | ||
| Q1 24 | 46.7% | 13.1% |
每股收益（稀释后）MPLXRJF
| Q4 25 | — | $2.79 | ||
| Q3 25 | — | $2.96 | ||
| Q2 25 | — | $2.12 | ||
| Q1 25 | — | $2.36 | ||
| Q4 24 | — | $2.86 | ||
| Q3 24 | — | $2.85 | ||
| Q2 24 | — | $2.31 | ||
| Q1 24 | — | $2.22 |
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 | $9.9B |
| 总债务越低越好 | $24.2B | — |
| 股东权益账面价值 | — | $12.6B |
| 总资产 | $43.0B | $88.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资MPLXRJF
| Q4 25 | $2.1B | $9.9B | ||
| Q3 25 | $1.8B | $11.4B | ||
| Q2 25 | $1.4B | $9.2B | ||
| Q1 25 | $2.5B | $9.7B | ||
| Q4 24 | $1.5B | $10.0B | ||
| Q3 24 | $2.4B | $11.0B | ||
| Q2 24 | $2.5B | $9.1B | ||
| Q1 24 | $385.0M | $10.0B |
总债务MPLXRJF
| Q4 25 | $24.2B | — | ||
| Q3 25 | $24.1B | — | ||
| Q2 25 | $19.7B | — | ||
| Q1 25 | $19.7B | — | ||
| Q4 24 | $19.3B | — | ||
| Q3 24 | $19.3B | — | ||
| Q2 24 | $19.2B | — | ||
| Q1 24 | $18.8B | — |
股东权益MPLXRJF
| Q4 25 | — | $12.6B | ||
| Q3 25 | — | $12.5B | ||
| Q2 25 | — | $12.3B | ||
| Q1 25 | — | $12.2B | ||
| Q4 24 | — | $11.9B | ||
| Q3 24 | — | $11.7B | ||
| Q2 24 | — | $11.2B | ||
| Q1 24 | — | $11.0B |
总资产MPLXRJF
| Q4 25 | $43.0B | $88.8B | ||
| Q3 25 | $43.2B | $88.2B | ||
| Q2 25 | $37.8B | $84.8B | ||
| Q1 25 | $39.0B | $83.1B | ||
| Q4 24 | $37.5B | $82.3B | ||
| Q3 24 | $38.5B | $83.0B | ||
| Q2 24 | $38.4B | $80.6B | ||
| Q1 24 | $36.5B | $81.2B |
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 | $-10.0M |
| 自由现金流经营现金流 - 资本支出 | $782.0M | $-56.0M |
| 自由现金流率自由现金流/营收 | 31.9% | -1.3% |
| 资本支出强度资本支出/营收 | 29.1% | 1.1% |
| 现金转化率经营现金流/净利润 | 1.24× | -0.02× |
| 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MPLXRJF
| Q4 25 | $1.5B | $-10.0M | ||
| Q3 25 | $1.4B | $796.0M | ||
| Q2 25 | $1.7B | $691.0M | ||
| Q1 25 | $1.2B | $117.0M | ||
| Q4 24 | $1.7B | $830.0M | ||
| Q3 24 | $1.4B | $510.0M | ||
| Q2 24 | $1.6B | $711.0M | ||
| Q1 24 | $1.3B | $391.0M |
自由现金流MPLXRJF
| Q4 25 | $782.0M | $-56.0M | ||
| Q3 25 | $905.0M | $752.0M | ||
| Q2 25 | $1.4B | $634.0M | ||
| Q1 25 | $979.0M | $71.0M | ||
| Q4 24 | $1.4B | $789.0M | ||
| Q3 24 | $1.1B | $460.0M | ||
| Q2 24 | $1.4B | $655.0M | ||
| Q1 24 | $1.0B | $342.0M |
自由现金流率MPLXRJF
| Q4 25 | 31.9% | -1.3% | ||
| Q3 25 | 36.8% | 17.9% | ||
| Q2 25 | 60.9% | 16.5% | ||
| Q1 25 | 39.8% | 1.8% | ||
| Q4 24 | 56.6% | 19.6% | ||
| Q3 24 | 48.4% | 11.5% | ||
| Q2 24 | 60.0% | 17.4% | ||
| Q1 24 | 47.7% | 9.4% |
资本支出强度MPLXRJF
| Q4 25 | 29.1% | 1.1% | ||
| Q3 25 | 21.4% | 1.1% | ||
| Q2 25 | 12.8% | 1.5% | ||
| Q1 25 | 10.9% | 1.2% | ||
| Q4 24 | 12.7% | 1.0% | ||
| Q3 24 | 11.9% | 1.2% | ||
| Q2 24 | 9.4% | 1.5% | ||
| Q1 24 | 11.7% | 1.3% |
现金转化率MPLXRJF
| Q4 25 | 1.24× | -0.02× | ||
| Q3 25 | 0.92× | 1.32× | ||
| Q2 25 | 1.64× | 1.58× | ||
| Q1 25 | 1.10× | 0.24× | ||
| Q4 24 | 1.51× | 1.38× | ||
| Q3 24 | 1.35× | 0.85× | ||
| Q2 24 | 1.32× | 1.45× | ||
| Q1 24 | 1.27× | 0.82× |
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% |
RJF
暂无分部数据
