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MPLX LP（MPLX）与RPM INTERNATIONAL INC（RPM）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RPM INTERNATIONAL INC的1.3倍（$2.5B vs $1.9B），MPLX LP净利率更高（49.1% vs 8.4%，领先40.6%），RPM INTERNATIONAL INC同比增速更快（3.5% vs 1.4%），MPLX LP自由现金流更多（$782.0M vs $296.4M），过去两年RPM INTERNATIONAL INC的营收复合增速更高（12.0% 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。
BVS娱乐前身为Saban制作、Saban国际及Saban娱乐，是华特迪士尼公司旗下子公司。1980年4月24日由哈伊姆·萨班与舒基·利维创立，最初主营音乐制作，后逐步转向电视节目制作发行业务，最为知名的是为Fox Family/ABC Family及已停播的Fox Kids、Jetix频道制作发行儿童节目。
MPLX vs RPM — 直观对比
营收规模更大
MPLX
是对方的1.3倍
$1.9B
营收增速更快
RPM
高出2.1%
1.4%
净利率更高
MPLX
高出40.6%
8.4%
自由现金流更多
MPLX
多$485.6M
$296.4M
两年增速更快
RPM
近两年复合增速
6.2%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $1.9B |
| 净利润 | $1.2B | $161.2M |
| 毛利率 | — | 40.8% |
| 营业利润率 | 60.5% | 11.0% |
| 净利率 | 49.1% | 8.4% |
| 营收同比 | 1.4% | 3.5% |
| 净利润同比 | 8.5% | -12.0% |
| 每股收益（稀释后） | — | $1.26 |
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MPLXRPM
| Q4 25 | $2.5B | $1.9B | ||
| Q3 25 | $2.5B | $2.1B | ||
| Q2 25 | $2.4B | $2.1B | ||
| Q1 25 | $2.5B | $1.5B | ||
| Q4 24 | $2.4B | $1.8B | ||
| Q3 24 | $2.3B | $2.0B | ||
| Q2 24 | $2.3B | $2.0B | ||
| Q1 24 | $2.2B | $1.5B |
净利润MPLXRPM
| Q4 25 | $1.2B | $161.2M | ||
| Q3 25 | $1.6B | $227.6M | ||
| Q2 25 | $1.1B | $225.8M | ||
| Q1 25 | $1.1B | $52.0M | ||
| Q4 24 | $1.1B | $183.2M | ||
| Q3 24 | $1.0B | $227.7M | ||
| Q2 24 | $1.2B | $180.6M | ||
| Q1 24 | $1.0B | $61.2M |
毛利率MPLXRPM
| Q4 25 | — | 40.8% | ||
| Q3 25 | — | 42.3% | ||
| Q2 25 | — | 42.4% | ||
| Q1 25 | — | 38.4% | ||
| Q4 24 | — | 41.4% | ||
| Q3 24 | — | 42.5% | ||
| Q2 24 | — | 41.4% | ||
| Q1 24 | — | 39.9% |
营业利润率MPLXRPM
| Q4 25 | 60.5% | 11.0% | ||
| Q3 25 | 73.2% | 14.1% | ||
| Q2 25 | 54.9% | 11.9% | ||
| Q1 25 | 55.5% | 2.8% | ||
| Q4 24 | 55.6% | 11.5% | ||
| Q3 24 | 54.4% | 14.8% | ||
| Q2 24 | 62.9% | 11.9% | ||
| Q1 24 | 57.6% | 5.5% |
净利率MPLXRPM
| Q4 25 | 49.1% | 8.4% | ||
| Q3 25 | 63.2% | 10.8% | ||
| Q2 25 | 44.9% | 10.8% | ||
| Q1 25 | 46.2% | 3.5% | ||
| Q4 24 | 45.9% | 9.9% | ||
| Q3 24 | 44.6% | 11.6% | ||
| Q2 24 | 52.6% | 9.0% | ||
| Q1 24 | 46.7% | 4.0% |
每股收益（稀释后）MPLXRPM
| Q4 25 | — | $1.26 | ||
| Q3 25 | — | $1.77 | ||
| Q2 25 | — | $1.76 | ||
| Q1 25 | — | $0.40 | ||
| Q4 24 | — | $1.42 | ||
| Q3 24 | — | $1.77 | ||
| Q2 24 | — | $1.40 | ||
| Q1 24 | — | $0.47 |
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 | $316.6M |
| 总债务越低越好 | $24.2B | $2.5B |
| 股东权益账面价值 | — | $3.1B |
| 总资产 | $43.0B | $7.9B |
| 负债/权益比越低杠杆越低 | — | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资MPLXRPM
| Q4 25 | $2.1B | $316.6M | ||
| Q3 25 | $1.8B | $297.1M | ||
| Q2 25 | $1.4B | $302.1M | ||
| Q1 25 | $2.5B | $241.9M | ||
| Q4 24 | $1.5B | $268.7M | ||
| Q3 24 | $2.4B | $231.6M | ||
| Q2 24 | $2.5B | $237.4M | ||
| Q1 24 | $385.0M | $248.9M |
总债务MPLXRPM
| Q4 25 | $24.2B | $2.5B | ||
| Q3 25 | $24.1B | $2.7B | ||
| Q2 25 | $19.7B | $2.6B | ||
| Q1 25 | $19.7B | $2.1B | ||
| Q4 24 | $19.3B | $2.0B | ||
| Q3 24 | $19.3B | $2.0B | ||
| Q2 24 | $19.2B | $2.0B | ||
| Q1 24 | $18.8B | $2.2B |
股东权益MPLXRPM
| Q4 25 | — | $3.1B | ||
| Q3 25 | — | $3.1B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | $2.5B | ||
| Q1 24 | — | $2.3B |
总资产MPLXRPM
| Q4 25 | $43.0B | $7.9B | ||
| Q3 25 | $43.2B | $7.9B | ||
| Q2 25 | $37.8B | $7.8B | ||
| Q1 25 | $39.0B | $6.6B | ||
| Q4 24 | $37.5B | $6.7B | ||
| Q3 24 | $38.5B | $6.6B | ||
| Q2 24 | $38.4B | $6.6B | ||
| Q1 24 | $36.5B | $6.4B |
负债/权益比MPLXRPM
| Q4 25 | — | 0.80× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.91× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.77× | ||
| Q2 24 | — | 0.79× | ||
| Q1 24 | — | 0.93× |
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 | $345.7M |
| 自由现金流经营现金流 - 资本支出 | $782.0M | $296.4M |
| 自由现金流率自由现金流/营收 | 31.9% | 15.5% |
| 资本支出强度资本支出/营收 | 29.1% | 2.6% |
| 现金转化率经营现金流/净利润 | 1.24× | 2.14× |
| 过去12个月自由现金流最近4个季度 | $4.1B | $582.9M |
8季度趋势，按日历期对齐
经营现金流MPLXRPM
| Q4 25 | $1.5B | $345.7M | ||
| Q3 25 | $1.4B | $237.5M | ||
| Q2 25 | $1.7B | $149.2M | ||
| Q1 25 | $1.2B | $91.5M | ||
| Q4 24 | $1.7B | $279.4M | ||
| Q3 24 | $1.4B | $248.1M | ||
| Q2 24 | $1.6B | $181.2M | ||
| Q1 24 | $1.3B | $173.4M |
自由现金流MPLXRPM
| Q4 25 | $782.0M | $296.4M | ||
| Q3 25 | $905.0M | $175.0M | ||
| Q2 25 | $1.4B | $78.2M | ||
| Q1 25 | $979.0M | $33.3M | ||
| Q4 24 | $1.4B | $229.5M | ||
| Q3 24 | $1.1B | $197.3M | ||
| Q2 24 | $1.4B | $105.3M | ||
| Q1 24 | $1.0B | $124.6M |
自由现金流率MPLXRPM
| Q4 25 | 31.9% | 15.5% | ||
| Q3 25 | 36.8% | 8.3% | ||
| Q2 25 | 60.9% | 3.8% | ||
| Q1 25 | 39.8% | 2.3% | ||
| Q4 24 | 56.6% | 12.4% | ||
| Q3 24 | 48.4% | 10.0% | ||
| Q2 24 | 60.0% | 5.2% | ||
| Q1 24 | 47.7% | 8.2% |
资本支出强度MPLXRPM
| Q4 25 | 29.1% | 2.6% | ||
| Q3 25 | 21.4% | 3.0% | ||
| Q2 25 | 12.8% | 3.4% | ||
| Q1 25 | 10.9% | 3.9% | ||
| Q4 24 | 12.7% | 2.7% | ||
| Q3 24 | 11.9% | 2.6% | ||
| Q2 24 | 9.4% | 3.8% | ||
| Q1 24 | 11.7% | 3.2% |
现金转化率MPLXRPM
| Q4 25 | 1.24× | 2.14× | ||
| Q3 25 | 0.92× | 1.04× | ||
| Q2 25 | 1.64× | 0.66× | ||
| Q1 25 | 1.10× | 1.76× | ||
| Q4 24 | 1.51× | 1.53× | ||
| Q3 24 | 1.35× | 1.09× | ||
| Q2 24 | 1.32× | 1.00× | ||
| Q1 24 | 1.27× | 2.83× |
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% |
RPM
| Construction Products Group Segment | $737.4M | 39% |
| Consumer Segment | $638.6M | 33% |
| Performance Coatings Group Segment | $533.8M | 28% |
