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MPLX LP（MPLX）与史密斯菲尔德食品（SFD）财务数据对比。点击上方公司名可切换其他公司
史密斯菲尔德食品的季度营收约是MPLX LP的1.6倍（$3.8B vs $2.5B），MPLX LP净利率更高（49.1% vs 6.6%，领先42.5%），MPLX LP同比增速更快（1.4% vs 0.8%），过去两年史密斯菲尔德食品的营收复合增速更高（6.8% 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。
史密斯菲尔德食品是全球规模最大的生猪养殖与猪肉加工企业，1936年由卢特父子创立，总部位于美国弗吉尼亚州史密斯菲尔德，现隶属于香港企业。公司在美国自营超500个农场，还与2000余家独立农场合作养殖生猪，业务覆盖墨西哥、波兰、德国等多个海外市场。
MPLX vs SFD — 直观对比
营收规模更大
SFD
是对方的1.6倍
$2.5B
营收增速更快
MPLX
高出0.6%
0.8%
净利率更高
MPLX
高出42.5%
6.6%
两年增速更快
SFD
近两年复合增速
6.2%
损益表 — Q4 FY2025 vs Q1 FY2027
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $3.8B |
| 净利润 | $1.2B | $249.0M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 60.5% | 8.8% |
| 净利率 | 49.1% | 6.6% |
| 营收同比 | 1.4% | 0.8% |
| 净利润同比 | 8.5% | 9.8% |
| 每股收益（稀释后） | — | — |
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MPLXSFD
| Q1 26 | — | $3.8B | ||
| Q4 25 | $2.5B | $4.2B | ||
| Q3 25 | $2.5B | $3.7B | ||
| Q2 25 | $2.4B | $3.8B | ||
| Q1 25 | $2.5B | $3.8B | ||
| Q4 24 | $2.4B | $4.0B | ||
| Q3 24 | $2.3B | $3.3B | ||
| Q2 24 | $2.3B | — |
净利润MPLXSFD
| Q1 26 | — | $249.0M | ||
| Q4 25 | $1.2B | $327.0M | ||
| Q3 25 | $1.6B | $248.0M | ||
| Q2 25 | $1.1B | $188.0M | ||
| Q1 25 | $1.1B | $224.0M | ||
| Q4 24 | $1.1B | $205.0M | ||
| Q3 24 | $1.0B | $291.0M | ||
| Q2 24 | $1.2B | — |
毛利率MPLXSFD
| Q1 26 | — | 13.4% | ||
| Q4 25 | — | 14.2% | ||
| Q3 25 | — | 12.8% | ||
| Q2 25 | — | 13.2% | ||
| Q1 25 | — | 13.5% | ||
| Q4 24 | — | 13.5% | ||
| Q3 24 | — | 14.3% | ||
| Q2 24 | — | — |
营业利润率MPLXSFD
| Q1 26 | — | 8.8% | ||
| Q4 25 | 60.5% | 9.5% | ||
| Q3 25 | 73.2% | 8.3% | ||
| Q2 25 | 54.9% | 6.9% | ||
| Q1 25 | 55.5% | 8.5% | ||
| Q4 24 | 55.6% | 8.5% | ||
| Q3 24 | 54.4% | 8.5% | ||
| Q2 24 | 62.9% | — |
净利率MPLXSFD
| Q1 26 | — | 6.6% | ||
| Q4 25 | 49.1% | 7.7% | ||
| Q3 25 | 63.2% | 6.6% | ||
| Q2 25 | 44.9% | 5.0% | ||
| Q1 25 | 46.2% | 5.9% | ||
| Q4 24 | 45.9% | 5.2% | ||
| Q3 24 | 44.6% | 8.7% | ||
| Q2 24 | 52.6% | — |
每股收益（稀释后）MPLXSFD
| Q1 26 | — | — | ||
| Q4 25 | — | $0.83 | ||
| Q3 25 | — | $0.63 | ||
| Q2 25 | — | $0.48 | ||
| Q1 25 | — | $0.57 | ||
| Q4 24 | — | $0.54 | ||
| Q3 24 | — | $0.77 | ||
| Q2 24 | — | — |
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 | — |
| 股东权益账面价值 | — | $6.9B |
| 总资产 | $43.0B | $12.0B |
| 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MPLXSFD
| Q1 26 | — | $1.4B | ||
| Q4 25 | $2.1B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.5B | — |
总债务MPLXSFD
| Q1 26 | — | — | ||
| Q4 25 | $24.2B | $2.0B | ||
| Q3 25 | $24.1B | $2.0B | ||
| Q2 25 | $19.7B | $2.0B | ||
| Q1 25 | $19.7B | $2.0B | ||
| Q4 24 | $19.3B | $2.0B | ||
| Q3 24 | $19.3B | — | ||
| Q2 24 | $19.2B | — |
股东权益MPLXSFD
| Q1 26 | — | $6.9B | ||
| Q4 25 | — | $6.8B | ||
| Q3 25 | — | $6.5B | ||
| Q2 25 | — | $6.3B | ||
| Q1 25 | — | $6.2B | ||
| Q4 24 | — | $5.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总资产MPLXSFD
| Q1 26 | — | $12.0B | ||
| Q4 25 | $43.0B | $12.2B | ||
| Q3 25 | $43.2B | $11.5B | ||
| Q2 25 | $37.8B | $11.2B | ||
| Q1 25 | $39.0B | $11.1B | ||
| Q4 24 | $37.5B | $11.1B | ||
| Q3 24 | $38.5B | — | ||
| Q2 24 | $38.4B | — |
负债/权益比MPLXSFD
| Q1 26 | — | — | ||
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.32× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.34× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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% | 2.3% |
| 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MPLXSFD
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $938.0M | ||
| Q3 25 | $1.4B | $13.0M | ||
| Q2 25 | $1.7B | $274.0M | ||
| Q1 25 | $1.2B | $-166.0M | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.6B | — |
自由现金流MPLXSFD
| Q1 26 | — | — | ||
| Q4 25 | $782.0M | $842.0M | ||
| Q3 25 | $905.0M | $-75.0M | ||
| Q2 25 | $1.4B | $196.0M | ||
| Q1 25 | $979.0M | $-245.0M | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.4B | — |
自由现金流率MPLXSFD
| Q1 26 | — | — | ||
| Q4 25 | 31.9% | 19.9% | ||
| Q3 25 | 36.8% | -2.0% | ||
| Q2 25 | 60.9% | 5.2% | ||
| Q1 25 | 39.8% | -6.5% | ||
| Q4 24 | 56.6% | — | ||
| Q3 24 | 48.4% | — | ||
| Q2 24 | 60.0% | — |
资本支出强度MPLXSFD
| Q1 26 | — | 2.3% | ||
| Q4 25 | 29.1% | 2.3% | ||
| Q3 25 | 21.4% | 2.3% | ||
| Q2 25 | 12.8% | 2.1% | ||
| Q1 25 | 10.9% | 2.1% | ||
| Q4 24 | 12.7% | 2.1% | ||
| Q3 24 | 11.9% | 2.8% | ||
| Q2 24 | 9.4% | — |
现金转化率MPLXSFD
| Q1 26 | — | — | ||
| Q4 25 | 1.24× | 2.87× | ||
| Q3 25 | 0.92× | 0.05× | ||
| Q2 25 | 1.64× | 1.46× | ||
| Q1 25 | 1.10× | -0.74× | ||
| Q4 24 | 1.51× | — | ||
| Q3 24 | 1.35× | — | ||
| Q2 24 | 1.32× | — |
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% |
SFD
暂无分部数据
