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MPLX LP（MPLX）与泰瑞达（TER）财务数据对比。点击上方公司名可切换其他公司
MPLX LP的季度营收约是泰瑞达的1.9倍（$2.5B vs $1.3B），MPLX LP净利率更高（49.1% vs 31.1%，领先18.0%），泰瑞达同比增速更快（87.0% vs 1.4%），过去两年泰瑞达的营收复合增速更高（32.6% 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。
泰瑞达是总部位于美国马萨诸塞州北雷丁的自动测试设备（ATE）设计及制造企业，在全球半导体测试领域拥有深厚技术积累，服务的知名客户涵盖三星、高通、英特尔、亚德诺、德州仪器、IBM等行业头部企业。
MPLX vs TER — 直观对比
营收规模更大
MPLX
是对方的1.9倍
$1.3B
营收增速更快
TER
高出85.6%
1.4%
净利率更高
MPLX
高出18.0%
31.1%
两年增速更快
TER
近两年复合增速
6.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $1.3B |
| 净利润 | $1.2B | $398.9M |
| 毛利率 | — | 60.9% |
| 营业利润率 | 60.5% | 36.9% |
| 净利率 | 49.1% | 31.1% |
| 营收同比 | 1.4% | 87.0% |
| 净利润同比 | 8.5% | — |
| 每股收益（稀释后） | — | $2.53 |
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MPLXTER
| Q1 26 | — | $1.3B | ||
| Q4 25 | $2.5B | $1.1B | ||
| Q3 25 | $2.5B | $769.2M | ||
| Q2 25 | $2.4B | $651.8M | ||
| Q1 25 | $2.5B | $685.7M | ||
| Q4 24 | $2.4B | $752.9M | ||
| Q3 24 | $2.3B | $737.3M | ||
| Q2 24 | $2.3B | $729.9M |
净利润MPLXTER
| Q1 26 | — | $398.9M | ||
| Q4 25 | $1.2B | $257.2M | ||
| Q3 25 | $1.6B | $119.6M | ||
| Q2 25 | $1.1B | $78.4M | ||
| Q1 25 | $1.1B | $98.9M | ||
| Q4 24 | $1.1B | $146.3M | ||
| Q3 24 | $1.0B | $145.6M | ||
| Q2 24 | $1.2B | $186.3M |
毛利率MPLXTER
| Q1 26 | — | 60.9% | ||
| Q4 25 | — | 57.2% | ||
| Q3 25 | — | 58.4% | ||
| Q2 25 | — | 57.2% | ||
| Q1 25 | — | 60.6% | ||
| Q4 24 | — | 59.4% | ||
| Q3 24 | — | 59.2% | ||
| Q2 24 | — | 58.3% |
营业利润率MPLXTER
| Q1 26 | — | 36.9% | ||
| Q4 25 | 60.5% | 27.1% | ||
| Q3 25 | 73.2% | 18.9% | ||
| Q2 25 | 54.9% | 13.9% | ||
| Q1 25 | 55.5% | 17.6% | ||
| Q4 24 | 55.6% | 20.4% | ||
| Q3 24 | 54.4% | 20.6% | ||
| Q2 24 | 62.9% | 28.8% |
净利率MPLXTER
| Q1 26 | — | 31.1% | ||
| Q4 25 | 49.1% | 23.7% | ||
| Q3 25 | 63.2% | 15.5% | ||
| Q2 25 | 44.9% | 12.0% | ||
| Q1 25 | 46.2% | 14.4% | ||
| Q4 24 | 45.9% | 19.4% | ||
| Q3 24 | 44.6% | 19.8% | ||
| Q2 24 | 52.6% | 25.5% |
每股收益（稀释后）MPLXTER
| Q1 26 | — | $2.53 | ||
| Q4 25 | — | $1.62 | ||
| Q3 25 | — | $0.75 | ||
| Q2 25 | — | $0.49 | ||
| Q1 25 | — | $0.61 | ||
| Q4 24 | — | $0.89 | ||
| Q3 24 | — | $0.89 | ||
| Q2 24 | — | $1.14 |
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 | $241.9M |
| 总债务越低越好 | $24.2B | $0 |
| 股东权益账面价值 | — | — |
| 总资产 | $43.0B | $4.4B |
| 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MPLXTER
| Q1 26 | — | $241.9M | ||
| Q4 25 | $2.1B | $293.8M | ||
| Q3 25 | $1.8B | $272.7M | ||
| Q2 25 | $1.4B | $339.3M | ||
| Q1 25 | $2.5B | $475.6M | ||
| Q4 24 | $1.5B | $553.4M | ||
| Q3 24 | $2.4B | $510.0M | ||
| Q2 24 | $2.5B | $421.9M |
总债务MPLXTER
| Q1 26 | — | $0 | ||
| 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MPLXTER
| Q1 26 | — | — | ||
| Q4 25 | — | $2.8B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.7B |
总资产MPLXTER
| Q1 26 | — | $4.4B | ||
| Q4 25 | $43.0B | $4.2B | ||
| Q3 25 | $43.2B | $4.0B | ||
| Q2 25 | $37.8B | $3.8B | ||
| Q1 25 | $39.0B | $3.7B | ||
| Q4 24 | $37.5B | $3.7B | ||
| Q3 24 | $38.5B | $3.8B | ||
| Q2 24 | $38.4B | $3.6B |
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 | $265.1M |
| 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× | 0.66× |
| 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MPLXTER
| Q1 26 | — | $265.1M | ||
| Q4 25 | $1.5B | $281.6M | ||
| Q3 25 | $1.4B | $49.0M | ||
| Q2 25 | $1.7B | $182.1M | ||
| Q1 25 | $1.2B | $161.6M | ||
| Q4 24 | $1.7B | $282.6M | ||
| Q3 24 | $1.4B | $166.3M | ||
| Q2 24 | $1.6B | $216.1M |
自由现金流MPLXTER
| Q1 26 | — | — | ||
| Q4 25 | $782.0M | $218.8M | ||
| Q3 25 | $905.0M | $2.4M | ||
| Q2 25 | $1.4B | $131.7M | ||
| Q1 25 | $979.0M | $97.6M | ||
| Q4 24 | $1.4B | $225.2M | ||
| Q3 24 | $1.1B | $114.4M | ||
| Q2 24 | $1.4B | $171.2M |
自由现金流率MPLXTER
| Q1 26 | — | — | ||
| Q4 25 | 31.9% | 20.2% | ||
| Q3 25 | 36.8% | 0.3% | ||
| Q2 25 | 60.9% | 20.2% | ||
| Q1 25 | 39.8% | 14.2% | ||
| Q4 24 | 56.6% | 29.9% | ||
| Q3 24 | 48.4% | 15.5% | ||
| Q2 24 | 60.0% | 23.5% |
资本支出强度MPLXTER
| Q1 26 | — | — | ||
| Q4 25 | 29.1% | 5.8% | ||
| Q3 25 | 21.4% | 6.1% | ||
| Q2 25 | 12.8% | 7.7% | ||
| Q1 25 | 10.9% | 9.3% | ||
| Q4 24 | 12.7% | 7.6% | ||
| Q3 24 | 11.9% | 7.0% | ||
| Q2 24 | 9.4% | 6.1% |
现金转化率MPLXTER
| Q1 26 | — | 0.66× | ||
| Q4 25 | 1.24× | 1.09× | ||
| Q3 25 | 0.92× | 0.41× | ||
| Q2 25 | 1.64× | 2.32× | ||
| Q1 25 | 1.10× | 1.63× | ||
| Q4 24 | 1.51× | 1.93× | ||
| Q3 24 | 1.35× | 1.14× | ||
| Q2 24 | 1.32× | 1.16× |
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% |
TER
暂无分部数据
