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MPLX LP（MPLX）与TELUS CORP（TU）财务数据对比。点击上方公司名可切换其他公司
TELUS CORP的季度营收约是MPLX LP的1.5倍（$3.7B vs $2.5B），MPLX LP净利率更高（49.1% vs -4.8%，领先53.9%），TELUS CORP同比增速更快（2.2% vs 1.4%）
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。
TELUS是加拿大上市综合控股集团，总部位于不列颠哥伦比亚省温哥华。旗下业务涵盖四大板块：通信业务提供固话、电视、数据及互联网服务；移动业务提供无线通信服务；健康板块提供医疗产品及服务；数字业务面向全球提供多语种客户服务外包与数字IT服务。
MPLX vs TU — 直观对比
营收规模更大
TU
是对方的1.5倍
$2.5B
营收增速更快
TU
高出0.8%
1.4%
净利率更高
MPLX
高出53.9%
-4.8%
损益表 — Q4 FY2025 vs Q2 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $3.7B |
| 净利润 | $1.2B | $-178.8M |
| 毛利率 | — | 90.2% |
| 营业利润率 | 60.5% | 3.4% |
| 净利率 | 49.1% | -4.8% |
| 营收同比 | 1.4% | 2.2% |
| 净利润同比 | 8.5% | -210.9% |
| 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MPLXTU
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.5B | — | ||
| Q2 25 | $2.4B | $3.7B | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | $3.6B | ||
| Q1 24 | $2.2B | — |
净利润MPLXTU
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.1B | $-178.8M | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.2B | $161.3M | ||
| Q1 24 | $1.0B | — |
毛利率MPLXTU
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 90.2% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 87.9% | ||
| Q1 24 | — | — |
营业利润率MPLXTU
| Q4 25 | 60.5% | — | ||
| Q3 25 | 73.2% | — | ||
| Q2 25 | 54.9% | 3.4% | ||
| Q1 25 | 55.5% | — | ||
| Q4 24 | 55.6% | — | ||
| Q3 24 | 54.4% | — | ||
| Q2 24 | 62.9% | 13.7% | ||
| Q1 24 | 57.6% | — |
净利率MPLXTU
| Q4 25 | 49.1% | — | ||
| Q3 25 | 63.2% | — | ||
| Q2 25 | 44.9% | -4.8% | ||
| Q1 25 | 46.2% | — | ||
| Q4 24 | 45.9% | — | ||
| Q3 24 | 44.6% | — | ||
| Q2 24 | 52.6% | 4.4% | ||
| Q1 24 | 46.7% | — |
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 | $2.7B |
| 总债务越低越好 | $24.2B | — |
| 股东权益账面价值 | — | $11.8B |
| 总资产 | $43.0B | $44.3B |
| 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MPLXTU
| Q4 25 | $2.1B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.4B | $2.7B | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.5B | $676.7M | ||
| Q1 24 | $385.0M | — |
总债务MPLXTU
| 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 | — | ||
| Q1 24 | $18.8B | — |
股东权益MPLXTU
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $11.8B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $12.4B | ||
| Q1 24 | — | — |
总资产MPLXTU
| Q4 25 | $43.0B | — | ||
| Q3 25 | $43.2B | — | ||
| Q2 25 | $37.8B | $44.3B | ||
| Q1 25 | $39.0B | — | ||
| Q4 24 | $37.5B | — | ||
| Q3 24 | $38.5B | — | ||
| Q2 24 | $38.4B | $41.8B | ||
| Q1 24 | $36.5B | — |
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 | $851.2M |
| 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MPLXTU
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.7B | $851.2M | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.6B | $1.0B | ||
| Q1 24 | $1.3B | — |
自由现金流MPLXTU
| 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 | — | ||
| Q1 24 | $1.0B | — |
自由现金流率MPLXTU
| 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% | — | ||
| Q1 24 | 47.7% | — |
资本支出强度MPLXTU
| 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% | — | ||
| Q1 24 | 11.7% | — |
现金转化率MPLXTU
| Q4 25 | 1.24× | — | ||
| Q3 25 | 0.92× | — | ||
| Q2 25 | 1.64× | — | ||
| Q1 25 | 1.10× | — | ||
| Q4 24 | 1.51× | — | ||
| Q3 24 | 1.35× | — | ||
| Q2 24 | 1.32× | 6.28× | ||
| Q1 24 | 1.27× | — |
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% |
TU
暂无分部数据
