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MPLX LP（MPLX）与RENAISSANCERE HOLDINGS LTD（RNR）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RENAISSANCERE HOLDINGS LTD的1.1倍（$2.5B vs $2.2B），MPLX LP净利率更高（49.1% vs 23.5%，领先25.6%），MPLX LP同比增速更快（1.4% vs -36.8%），过去两年MPLX LP的营收复合增速更高（6.2% vs -11.9%）
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。
RenaissanceRe Holdings Ltd是总部位于百慕大的保险及相关商业服务提供商，核心业务覆盖再保险、常规保险两大板块，同时运营风险相关创新投资业务，为全球客户提供专业的风险对冲与保险解决方案。
MPLX vs RNR — 直观对比
营收规模更大
MPLX
是对方的1.1倍
$2.2B
营收增速更快
MPLX
高出38.2%
-36.8%
净利率更高
MPLX
高出25.6%
23.5%
两年增速更快
MPLX
近两年复合增速
-11.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $2.2B |
| 净利润 | $1.2B | $515.8M |
| 毛利率 | — | — |
| 营业利润率 | 60.5% | — |
| 净利率 | 49.1% | 23.5% |
| 营收同比 | 1.4% | -36.8% |
| 净利润同比 | 8.5% | 72.6% |
| 每股收益（稀释后） | — | $6.57 |
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MPLXRNR
| Q1 26 | — | $2.2B | ||
| Q4 25 | $2.5B | $3.0B | ||
| Q3 25 | $2.5B | $3.2B | ||
| Q2 25 | $2.4B | $3.2B | ||
| Q1 25 | $2.5B | $3.5B | ||
| Q4 24 | $2.4B | $2.3B | ||
| Q3 24 | $2.3B | $4.0B | ||
| Q2 24 | $2.3B | $2.8B |
净利润MPLXRNR
| Q1 26 | — | $515.8M | ||
| Q4 25 | $1.2B | $760.5M | ||
| Q3 25 | $1.6B | $916.5M | ||
| Q2 25 | $1.1B | $835.4M | ||
| Q1 25 | $1.1B | $170.0M | ||
| Q4 24 | $1.1B | $-189.7M | ||
| Q3 24 | $1.0B | $1.2B | ||
| Q2 24 | $1.2B | $503.9M |
营业利润率MPLXRNR
| Q1 26 | — | — | ||
| Q4 25 | 60.5% | 42.5% | ||
| Q3 25 | 73.2% | 46.3% | ||
| Q2 25 | 54.9% | 41.8% | ||
| Q1 25 | 55.5% | -2.0% | ||
| Q4 24 | 55.6% | -3.6% | ||
| Q3 24 | 54.4% | 43.7% | ||
| Q2 24 | 62.9% | 25.0% |
净利率MPLXRNR
| Q1 26 | — | 23.5% | ||
| Q4 25 | 49.1% | 25.6% | ||
| Q3 25 | 63.2% | 28.7% | ||
| Q2 25 | 44.9% | 26.1% | ||
| Q1 25 | 46.2% | 4.9% | ||
| Q4 24 | 45.9% | -8.3% | ||
| Q3 24 | 44.6% | 29.8% | ||
| Q2 24 | 52.6% | 17.8% |
每股收益（稀释后）MPLXRNR
| Q1 26 | — | $6.57 | ||
| Q4 25 | — | $16.16 | ||
| Q3 25 | — | $19.40 | ||
| Q2 25 | — | $17.20 | ||
| Q1 25 | — | $3.27 | ||
| Q4 24 | — | $-3.76 | ||
| Q3 24 | — | $22.62 | ||
| Q2 24 | — | $9.41 |
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 | $1.6B |
| 总债务越低越好 | $24.2B | — |
| 股东权益账面价值 | — | $4.3B |
| 总资产 | $43.0B | $53.7B |
| 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MPLXRNR
| Q1 26 | — | $1.6B | ||
| Q4 25 | $2.1B | $1.7B | ||
| Q3 25 | $1.8B | $1.7B | ||
| Q2 25 | $1.4B | $1.4B | ||
| Q1 25 | $2.5B | $1.6B | ||
| Q4 24 | $1.5B | $1.7B | ||
| Q3 24 | $2.4B | $1.6B | ||
| Q2 24 | $2.5B | $1.6B |
总债务MPLXRNR
| Q1 26 | — | — | ||
| Q4 25 | $24.2B | $2.3B | ||
| Q3 25 | $24.1B | $2.2B | ||
| Q2 25 | $19.7B | $2.3B | ||
| Q1 25 | $19.7B | $2.8B | ||
| Q4 24 | $19.3B | $1.9B | ||
| Q3 24 | $19.3B | $1.9B | ||
| Q2 24 | $19.2B | $2.0B |
股东权益MPLXRNR
| Q1 26 | — | $4.3B | ||
| Q4 25 | — | $11.6B | ||
| Q3 25 | — | $11.5B | ||
| Q2 25 | — | $10.8B | ||
| Q1 25 | — | $10.3B | ||
| Q4 24 | — | $10.6B | ||
| Q3 24 | — | $11.2B | ||
| Q2 24 | — | $10.2B |
总资产MPLXRNR
| Q1 26 | — | $53.7B | ||
| Q4 25 | $43.0B | $53.8B | ||
| Q3 25 | $43.2B | $54.5B | ||
| Q2 25 | $37.8B | $54.7B | ||
| Q1 25 | $39.0B | $53.6B | ||
| Q4 24 | $37.5B | $50.7B | ||
| Q3 24 | $38.5B | $52.8B | ||
| Q2 24 | $38.4B | $51.6B |
负债/权益比MPLXRNR
| Q1 26 | — | — | ||
| Q4 25 | — | 0.20× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.17× | ||
| Q2 24 | — | 0.19× |
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MPLXRNR
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $483.0M | ||
| Q3 25 | $1.4B | $1.6B | ||
| Q2 25 | $1.7B | $1.5B | ||
| Q1 25 | $1.2B | $157.8M | ||
| Q4 24 | $1.7B | $778.9M | ||
| Q3 24 | $1.4B | $1.5B | ||
| Q2 24 | $1.6B | $1.2B |
自由现金流MPLXRNR
| Q1 26 | — | — | ||
| 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 | — |
自由现金流率MPLXRNR
| Q1 26 | — | — | ||
| 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% | — |
资本支出强度MPLXRNR
| Q1 26 | — | — | ||
| 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% | — |
现金转化率MPLXRNR
| Q1 26 | — | — | ||
| Q4 25 | 1.24× | 0.64× | ||
| Q3 25 | 0.92× | 1.73× | ||
| Q2 25 | 1.64× | 1.76× | ||
| Q1 25 | 1.10× | 0.93× | ||
| Q4 24 | 1.51× | — | ||
| Q3 24 | 1.35× | 1.26× | ||
| Q2 24 | 1.32× | 2.41× |
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% |
RNR
暂无分部数据
