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MPLX LP（MPLX）与拉夫劳伦（RL）财务数据对比。点击上方公司名可切换其他公司
MPLX LP的季度营收约是拉夫劳伦的1.0倍（$2.5B vs $2.4B），MPLX LP净利率更高（49.1% vs 15.0%，领先34.1%），拉夫劳伦同比增速更快（12.2% vs 1.4%），MPLX LP自由现金流更多（$782.0M vs $704.0M），过去两年拉夫劳伦的营收复合增速更高（23.9% 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。
拉夫劳伦是源自美国的跨国时尚巨头，旗下同名高端时尚品牌风靡全球，企业规模达数十亿美元。品牌创始人拉夫劳伦于2015年9月卸任首席执行官，仍留任执行董事长兼首席创意官，主导品牌创意与整体发展方向。
MPLX vs RL — 直观对比
营收规模更大
MPLX
是对方的1.0倍
$2.4B
营收增速更快
RL
高出10.8%
1.4%
净利率更高
MPLX
高出34.1%
15.0%
自由现金流更多
MPLX
多$78.0M
$704.0M
两年增速更快
RL
近两年复合增速
6.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $2.4B |
| 净利润 | $1.2B | $361.6M |
| 毛利率 | — | 69.9% |
| 营业利润率 | 60.5% | 19.6% |
| 净利率 | 49.1% | 15.0% |
| 营收同比 | 1.4% | 12.2% |
| 净利润同比 | 8.5% | 21.6% |
| 每股收益（稀释后） | — | $5.82 |
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MPLXRL
| Q4 25 | $2.5B | $2.4B | ||
| Q3 25 | $2.5B | $2.0B | ||
| Q2 25 | $2.4B | $1.7B | ||
| Q1 25 | $2.5B | $1.7B | ||
| Q4 24 | $2.4B | $2.1B | ||
| Q3 24 | $2.3B | $1.7B | ||
| Q2 24 | $2.3B | $1.5B | ||
| Q1 24 | $2.2B | $1.6B |
净利润MPLXRL
| Q4 25 | $1.2B | $361.6M | ||
| Q3 25 | $1.6B | $207.5M | ||
| Q2 25 | $1.1B | $220.4M | ||
| Q1 25 | $1.1B | $129.0M | ||
| Q4 24 | $1.1B | $297.4M | ||
| Q3 24 | $1.0B | $147.9M | ||
| Q2 24 | $1.2B | $168.6M | ||
| Q1 24 | $1.0B | $90.7M |
毛利率MPLXRL
| Q4 25 | — | 69.9% | ||
| Q3 25 | — | 68.0% | ||
| Q2 25 | — | 72.3% | ||
| Q1 25 | — | 68.7% | ||
| Q4 24 | — | 68.4% | ||
| Q3 24 | — | 67.0% | ||
| Q2 24 | — | 70.5% | ||
| Q1 24 | — | 66.6% |
营业利润率MPLXRL
| Q4 25 | 60.5% | 19.6% | ||
| Q3 25 | 73.2% | 12.2% | ||
| Q2 25 | 54.9% | 15.9% | ||
| Q1 25 | 55.5% | 9.1% | ||
| Q4 24 | 55.6% | 18.2% | ||
| Q3 24 | 54.4% | 10.4% | ||
| Q2 24 | 62.9% | 13.8% | ||
| Q1 24 | 57.6% | 6.9% |
净利率MPLXRL
| Q4 25 | 49.1% | 15.0% | ||
| Q3 25 | 63.2% | 10.3% | ||
| Q2 25 | 44.9% | 12.8% | ||
| Q1 25 | 46.2% | 7.6% | ||
| Q4 24 | 45.9% | 13.9% | ||
| Q3 24 | 44.6% | 8.6% | ||
| Q2 24 | 52.6% | 11.1% | ||
| Q1 24 | 46.7% | 5.8% |
每股收益（稀释后）MPLXRL
| Q4 25 | — | $5.82 | ||
| Q3 25 | — | $3.32 | ||
| Q2 25 | — | $3.52 | ||
| Q1 25 | — | $2.03 | ||
| Q4 24 | — | $4.66 | ||
| Q3 24 | — | $2.31 | ||
| Q2 24 | — | $2.61 | ||
| Q1 24 | — | $1.37 |
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 | $2.3B |
| 总债务越低越好 | $24.2B | — |
| 股东权益账面价值 | — | $2.9B |
| 总资产 | $43.0B | $7.8B |
| 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MPLXRL
| Q4 25 | $2.1B | $2.3B | ||
| Q3 25 | $1.8B | $1.6B | ||
| Q2 25 | $1.4B | $2.3B | ||
| Q1 25 | $2.5B | $2.1B | ||
| Q4 24 | $1.5B | $2.1B | ||
| Q3 24 | $2.4B | $1.7B | ||
| Q2 24 | $2.5B | $1.8B | ||
| Q1 24 | $385.0M | $1.8B |
总债务MPLXRL
| 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MPLXRL
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.5B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.5B |
总资产MPLXRL
| Q4 25 | $43.0B | $7.8B | ||
| Q3 25 | $43.2B | $7.3B | ||
| Q2 25 | $37.8B | $7.8B | ||
| Q1 25 | $39.0B | $7.0B | ||
| Q4 24 | $37.5B | $7.1B | ||
| Q3 24 | $38.5B | $6.8B | ||
| Q2 24 | $38.4B | $6.6B | ||
| Q1 24 | $36.5B | $6.6B |
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 | $779.6M |
| 自由现金流经营现金流 - 资本支出 | $782.0M | $704.0M |
| 自由现金流率自由现金流/营收 | 31.9% | 29.3% |
| 资本支出强度资本支出/营收 | 29.1% | 3.1% |
| 现金转化率经营现金流/净利润 | 1.24× | 2.16× |
| 过去12个月自由现金流最近4个季度 | $4.1B | $694.5M |
8季度趋势，按日历期对齐
经营现金流MPLXRL
| Q4 25 | $1.5B | $779.6M | ||
| Q3 25 | $1.4B | $53.2M | ||
| Q2 25 | $1.7B | $176.1M | ||
| Q1 25 | $1.2B | $122.2M | ||
| Q4 24 | $1.7B | $738.4M | ||
| Q3 24 | $1.4B | $97.2M | ||
| Q2 24 | $1.6B | $277.3M | ||
| Q1 24 | $1.3B | — |
自由现金流MPLXRL
| Q4 25 | $782.0M | $704.0M | ||
| Q3 25 | $905.0M | $-40.6M | ||
| Q2 25 | $1.4B | $-11.2M | ||
| Q1 25 | $979.0M | $42.3M | ||
| Q4 24 | $1.4B | $677.2M | ||
| Q3 24 | $1.1B | $55.5M | ||
| Q2 24 | $1.4B | $243.9M | ||
| Q1 24 | $1.0B | — |
自由现金流率MPLXRL
| Q4 25 | 31.9% | 29.3% | ||
| Q3 25 | 36.8% | -2.0% | ||
| Q2 25 | 60.9% | -0.7% | ||
| Q1 25 | 39.8% | 2.5% | ||
| Q4 24 | 56.6% | 31.6% | ||
| Q3 24 | 48.4% | 3.2% | ||
| Q2 24 | 60.0% | 16.1% | ||
| Q1 24 | 47.7% | — |
资本支出强度MPLXRL
| Q4 25 | 29.1% | 3.1% | ||
| Q3 25 | 21.4% | 4.7% | ||
| Q2 25 | 12.8% | 10.9% | ||
| Q1 25 | 10.9% | 4.7% | ||
| Q4 24 | 12.7% | 2.9% | ||
| Q3 24 | 11.9% | 2.4% | ||
| Q2 24 | 9.4% | 2.2% | ||
| Q1 24 | 11.7% | — |
现金转化率MPLXRL
| Q4 25 | 1.24× | 2.16× | ||
| Q3 25 | 0.92× | 0.26× | ||
| Q2 25 | 1.64× | 0.80× | ||
| Q1 25 | 1.10× | 0.95× | ||
| Q4 24 | 1.51× | 2.48× | ||
| Q3 24 | 1.35× | 0.66× | ||
| Q2 24 | 1.32× | 1.64× | ||
| 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% |
RL
暂无分部数据
