vs
MPLX LP（MPLX）与瑞思迈（RMD）财务数据对比。点击上方公司名可切换其他公司
MPLX LP的季度营收约是瑞思迈的1.7倍（$2.5B vs $1.4B），MPLX LP净利率更高（49.1% vs 27.6%，领先21.5%），瑞思迈同比增速更快（11.0% vs 1.4%），过去两年瑞思迈的营收复合增速更高（7.8% 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。
瑞思迈是一家起源于澳大利亚、总部位于美国加利福尼亚州圣迭戈的医疗设备企业，主打可接入云端的呼吸类医疗设备，用于治疗睡眠呼吸暂停、慢性阻塞性肺病等呼吸道疾病，新冠疫情期间曾大量生产呼吸机等设备助力患者救治。
MPLX vs RMD — 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
RMD
高出9.6%
1.4%
净利率更高
MPLX
高出21.5%
27.6%
两年增速更快
RMD
近两年复合增速
6.2%
损益表 — Q4 FY2025 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $1.4B |
| 净利润 | $1.2B | $392.6M |
| 毛利率 | — | 61.8% |
| 营业利润率 | 60.5% | 34.6% |
| 净利率 | 49.1% | 27.6% |
| 营收同比 | 1.4% | 11.0% |
| 净利润同比 | 8.5% | 13.9% |
| 每股收益（稀释后） | — | $2.68 |
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MPLXRMD
| Q2 26 | — | $1.4B | ||
| Q1 26 | — | $1.4B | ||
| Q4 25 | $2.5B | $1.4B | ||
| Q3 25 | $2.5B | $1.3B | ||
| Q2 25 | $2.4B | $1.3B | ||
| Q1 25 | $2.5B | $1.3B | ||
| Q4 24 | $2.4B | $1.3B | ||
| Q3 24 | $2.3B | $1.2B |
净利润MPLXRMD
| Q2 26 | — | $392.6M | ||
| Q1 26 | — | $398.7M | ||
| Q4 25 | $1.2B | $392.6M | ||
| Q3 25 | $1.6B | $348.5M | ||
| Q2 25 | $1.1B | $379.7M | ||
| Q1 25 | $1.1B | $365.0M | ||
| Q4 24 | $1.1B | $344.6M | ||
| Q3 24 | $1.0B | $311.4M |
毛利率MPLXRMD
| Q2 26 | — | 61.8% | ||
| Q1 26 | — | 62.2% | ||
| Q4 25 | — | 61.8% | ||
| Q3 25 | — | 61.5% | ||
| Q2 25 | — | 60.8% | ||
| Q1 25 | — | 59.3% | ||
| Q4 24 | — | 58.6% | ||
| Q3 24 | — | 58.6% |
营业利润率MPLXRMD
| Q2 26 | — | 34.6% | ||
| Q1 26 | — | 34.9% | ||
| Q4 25 | 60.5% | 34.6% | ||
| Q3 25 | 73.2% | 33.4% | ||
| Q2 25 | 54.9% | 33.7% | ||
| Q1 25 | 55.5% | 33.0% | ||
| Q4 24 | 55.6% | 32.5% | ||
| Q3 24 | 54.4% | 31.6% |
净利率MPLXRMD
| Q2 26 | — | 27.6% | ||
| Q1 26 | — | 27.9% | ||
| Q4 25 | 49.1% | 27.6% | ||
| Q3 25 | 63.2% | 26.1% | ||
| Q2 25 | 44.9% | 28.2% | ||
| Q1 25 | 46.2% | 28.3% | ||
| Q4 24 | 45.9% | 26.9% | ||
| Q3 24 | 44.6% | 25.4% |
每股收益（稀释后）MPLXRMD
| Q2 26 | — | $2.68 | ||
| Q1 26 | — | $2.74 | ||
| Q4 25 | — | $2.68 | ||
| Q3 25 | — | $2.37 | ||
| Q2 25 | — | $2.58 | ||
| Q1 25 | — | $2.48 | ||
| Q4 24 | — | $2.34 | ||
| Q3 24 | — | $2.11 |
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 | $1.4B |
| 总债务越低越好 | $24.2B | $663.8M |
| 股东权益账面价值 | — | $6.3B |
| 总资产 | $43.0B | $8.5B |
| 负债/权益比越低杠杆越低 | — | 0.11× |
8季度趋势，按日历期对齐
现金及短期投资MPLXRMD
| Q2 26 | — | $1.4B | ||
| Q1 26 | — | $1.7B | ||
| Q4 25 | $2.1B | $1.4B | ||
| Q3 25 | $1.8B | $1.4B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $2.5B | $932.7M | ||
| Q4 24 | $1.5B | $521.9M | ||
| Q3 24 | $2.4B | $426.4M |
总债务MPLXRMD
| Q2 26 | — | $663.8M | ||
| Q1 26 | — | $664.1M | ||
| Q4 25 | $24.2B | $403.9M | ||
| Q3 25 | $24.1B | $408.7M | ||
| Q2 25 | $19.7B | $658.4M | ||
| Q1 25 | $19.7B | $663.1M | ||
| Q4 24 | $19.3B | $662.9M | ||
| Q3 24 | $19.3B | $667.6M |
股东权益MPLXRMD
| Q2 26 | — | $6.3B | ||
| Q1 26 | — | $6.5B | ||
| Q4 25 | — | $6.3B | ||
| Q3 25 | — | $6.1B | ||
| Q2 25 | — | $6.0B | ||
| Q1 25 | — | $5.5B | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | $5.2B |
总资产MPLXRMD
| Q2 26 | — | $8.5B | ||
| Q1 26 | — | $8.8B | ||
| Q4 25 | $43.0B | $8.5B | ||
| Q3 25 | $43.2B | $8.3B | ||
| Q2 25 | $37.8B | $8.2B | ||
| Q1 25 | $39.0B | $7.6B | ||
| Q4 24 | $37.5B | $7.1B | ||
| Q3 24 | $38.5B | $7.2B |
负债/权益比MPLXRMD
| Q2 26 | — | 0.11× | ||
| Q1 26 | — | 0.10× | ||
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.13× |
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 | — |
| 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× | — |
| 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MPLXRMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $339.7M | ||
| Q3 25 | $1.4B | $457.3M | ||
| Q2 25 | $1.7B | $538.8M | ||
| Q1 25 | $1.2B | $578.7M | ||
| Q4 24 | $1.7B | $308.6M | ||
| Q3 24 | $1.4B | $325.5M |
自由现金流MPLXRMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $782.0M | $311.2M | ||
| Q3 25 | $905.0M | $414.4M | ||
| Q2 25 | $1.4B | $508.2M | ||
| Q1 25 | $979.0M | $557.9M | ||
| Q4 24 | $1.4B | $288.0M | ||
| Q3 24 | $1.1B | $307.7M |
自由现金流率MPLXRMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 31.9% | 21.9% | ||
| Q3 25 | 36.8% | 31.0% | ||
| Q2 25 | 60.9% | 37.7% | ||
| Q1 25 | 39.8% | 43.2% | ||
| Q4 24 | 56.6% | 22.5% | ||
| Q3 24 | 48.4% | 25.1% |
资本支出强度MPLXRMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 29.1% | 2.0% | ||
| Q3 25 | 21.4% | 3.2% | ||
| Q2 25 | 12.8% | 2.3% | ||
| Q1 25 | 10.9% | 1.6% | ||
| Q4 24 | 12.7% | 1.6% | ||
| Q3 24 | 11.9% | 1.5% |
现金转化率MPLXRMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.24× | 0.87× | ||
| Q3 25 | 0.92× | 1.31× | ||
| Q2 25 | 1.64× | 1.42× | ||
| Q1 25 | 1.10× | 1.59× | ||
| Q4 24 | 1.51× | 0.90× | ||
| Q3 24 | 1.35× | 1.05× |
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% |
RMD
暂无分部数据
