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MPLX LP（MPLX）与SS&C Technologies Holdings Inc（SSNC）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SS&C Technologies Holdings Inc的1.5倍（$2.5B vs $1.6B），MPLX LP净利率更高（49.1% vs 13.7%，领先35.4%），SS&C Technologies Holdings Inc同比增速更快（8.8% vs 1.4%），过去两年SS&C Technologies Holdings Inc的营收复合增速更高（6.5% 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。
SS&C Technologies Holdings Inc.是总部位于美国康涅狄格州温莎的跨国控股企业，面向金融服务行业提供专业软件及软件即服务（SaaS）解决方案，业务覆盖全球，在美洲、欧洲、亚洲、非洲及澳洲均设有办公网点。
MPLX vs SSNC — 直观对比
营收规模更大
MPLX
是对方的1.5倍
$1.6B
营收增速更快
SSNC
高出7.4%
1.4%
净利率更高
MPLX
高出35.4%
13.7%
两年增速更快
SSNC
近两年复合增速
6.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $1.6B |
| 净利润 | $1.2B | $226.1M |
| 毛利率 | — | 48.7% |
| 营业利润率 | 60.5% | 24.2% |
| 净利率 | 49.1% | 13.7% |
| 营收同比 | 1.4% | 8.8% |
| 净利润同比 | 8.5% | 6.2% |
| 每股收益（稀释后） | — | $0.91 |
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MPLXSSNC
| Q1 26 | — | $1.6B | ||
| Q4 25 | $2.5B | $1.7B | ||
| Q3 25 | $2.5B | $1.6B | ||
| Q2 25 | $2.4B | $1.5B | ||
| Q1 25 | $2.5B | $1.5B | ||
| Q4 24 | $2.4B | $1.5B | ||
| Q3 24 | $2.3B | $1.5B | ||
| Q2 24 | $2.3B | $1.5B |
净利润MPLXSSNC
| Q1 26 | — | $226.1M | ||
| Q4 25 | $1.2B | $193.1M | ||
| Q3 25 | $1.6B | $210.0M | ||
| Q2 25 | $1.1B | $180.8M | ||
| Q1 25 | $1.1B | $213.0M | ||
| Q4 24 | $1.1B | $248.2M | ||
| Q3 24 | $1.0B | $164.4M | ||
| Q2 24 | $1.2B | $190.3M |
毛利率MPLXSSNC
| Q1 26 | — | 48.7% | ||
| Q4 25 | — | 47.8% | ||
| Q3 25 | — | 47.7% | ||
| Q2 25 | — | 48.0% | ||
| Q1 25 | — | 49.3% | ||
| Q4 24 | — | 49.3% | ||
| Q3 24 | — | 48.0% | ||
| Q2 24 | — | 48.1% |
营业利润率MPLXSSNC
| Q1 26 | — | 24.2% | ||
| Q4 25 | 60.5% | 22.3% | ||
| Q3 25 | 73.2% | 23.3% | ||
| Q2 25 | 54.9% | 22.4% | ||
| Q1 25 | 55.5% | 23.6% | ||
| Q4 24 | 55.6% | 23.4% | ||
| Q3 24 | 54.4% | 22.2% | ||
| Q2 24 | 62.9% | 22.6% |
净利率MPLXSSNC
| Q1 26 | — | 13.7% | ||
| Q4 25 | 49.1% | 11.7% | ||
| Q3 25 | 63.2% | 13.4% | ||
| Q2 25 | 44.9% | 11.8% | ||
| Q1 25 | 46.2% | 14.1% | ||
| Q4 24 | 45.9% | 16.2% | ||
| Q3 24 | 44.6% | 11.2% | ||
| Q2 24 | 52.6% | 13.1% |
每股收益（稀释后）MPLXSSNC
| Q1 26 | — | $0.91 | ||
| Q4 25 | — | $0.76 | ||
| Q3 25 | — | $0.83 | ||
| Q2 25 | — | $0.72 | ||
| Q1 25 | — | $0.84 | ||
| Q4 24 | — | $0.98 | ||
| Q3 24 | — | $0.65 | ||
| Q2 24 | — | $0.75 |
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 | $420.9M |
| 总债务越低越好 | $24.2B | $7.4B |
| 股东权益账面价值 | — | $6.9B |
| 总资产 | $43.0B | $20.3B |
| 负债/权益比越低杠杆越低 | — | 1.08× |
8季度趋势，按日历期对齐
现金及短期投资MPLXSSNC
| Q1 26 | — | $420.9M | ||
| Q4 25 | $2.1B | $462.1M | ||
| Q3 25 | $1.8B | $388.3M | ||
| Q2 25 | $1.4B | $480.3M | ||
| Q1 25 | $2.5B | $515.0M | ||
| Q4 24 | $1.5B | $567.1M | ||
| Q3 24 | $2.4B | $694.7M | ||
| Q2 24 | $2.5B | $462.7M |
总债务MPLXSSNC
| Q1 26 | — | $7.4B | ||
| 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 | — |
股东权益MPLXSSNC
| Q1 26 | — | $6.9B | ||
| Q4 25 | — | $6.9B | ||
| Q3 25 | — | $6.9B | ||
| Q2 25 | — | $6.9B | ||
| Q1 25 | — | $6.8B | ||
| Q4 24 | — | $6.5B | ||
| Q3 24 | — | $6.8B | ||
| Q2 24 | — | $6.4B |
总资产MPLXSSNC
| Q1 26 | — | $20.3B | ||
| Q4 25 | $43.0B | $20.7B | ||
| Q3 25 | $43.2B | $19.5B | ||
| Q2 25 | $37.8B | $19.0B | ||
| Q1 25 | $39.0B | $20.4B | ||
| Q4 24 | $37.5B | $19.0B | ||
| Q3 24 | $38.5B | $18.4B | ||
| Q2 24 | $38.4B | $16.9B |
负债/权益比MPLXSSNC
| Q1 26 | — | 1.08× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $299.7M |
| 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% | 0.0% |
| 现金转化率经营现金流/净利润 | 1.24× | 1.33× |
| 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MPLXSSNC
| Q1 26 | — | $299.7M | ||
| Q4 25 | $1.5B | $643.5M | ||
| Q3 25 | $1.4B | $456.2M | ||
| Q2 25 | $1.7B | $372.9M | ||
| Q1 25 | $1.2B | $272.2M | ||
| Q4 24 | $1.7B | $486.6M | ||
| Q3 24 | $1.4B | $336.6M | ||
| Q2 24 | $1.6B | $384.9M |
自由现金流MPLXSSNC
| Q1 26 | — | — | ||
| Q4 25 | $782.0M | $633.0M | ||
| Q3 25 | $905.0M | $421.5M | ||
| Q2 25 | $1.4B | $350.0M | ||
| Q1 25 | $979.0M | $259.5M | ||
| Q4 24 | $1.4B | $466.9M | ||
| Q3 24 | $1.1B | $310.7M | ||
| Q2 24 | $1.4B | $374.9M |
自由现金流率MPLXSSNC
| Q1 26 | — | — | ||
| Q4 25 | 31.9% | 38.3% | ||
| Q3 25 | 36.8% | 26.9% | ||
| Q2 25 | 60.9% | 22.8% | ||
| Q1 25 | 39.8% | 17.1% | ||
| Q4 24 | 56.6% | 30.5% | ||
| Q3 24 | 48.4% | 21.2% | ||
| Q2 24 | 60.0% | 25.8% |
资本支出强度MPLXSSNC
| Q1 26 | — | 0.0% | ||
| Q4 25 | 29.1% | 0.6% | ||
| Q3 25 | 21.4% | 2.2% | ||
| Q2 25 | 12.8% | 1.5% | ||
| Q1 25 | 10.9% | 0.8% | ||
| Q4 24 | 12.7% | 1.3% | ||
| Q3 24 | 11.9% | 1.8% | ||
| Q2 24 | 9.4% | 0.7% |
现金转化率MPLXSSNC
| Q1 26 | — | 1.33× | ||
| Q4 25 | 1.24× | 3.33× | ||
| Q3 25 | 0.92× | 2.17× | ||
| Q2 25 | 1.64× | 2.06× | ||
| Q1 25 | 1.10× | 1.28× | ||
| Q4 24 | 1.51× | 1.96× | ||
| Q3 24 | 1.35× | 2.05× | ||
| Q2 24 | 1.32× | 2.02× |
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% |
SSNC
| Technology-enabled services | $1.4B | 85% |
| License, maintenance and related | $239.8M | 15% |
