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MPLX LP（MPLX）与UFP INDUSTRIES INC（UFPI）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UFP INDUSTRIES INC的1.8倍（$2.5B vs $1.3B），MPLX LP净利率更高（49.1% vs 3.0%，领先46.1%），MPLX LP同比增速更快（1.4% vs -9.0%），MPLX LP自由现金流更多（$782.0M vs $82.7M），过去两年MPLX LP的营收复合增速更高（6.2% vs -9.9%）
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。
UFP工业是一家控股企业，业务覆盖零售、工业、建筑三大市场，总部位于美国密歇根州大急流城，1993年公开上市，旗下共有218家关联运营主体，面向零售、建筑、包装三大领域供应数万种产品。
MPLX vs UFPI — 直观对比
营收规模更大
MPLX
是对方的1.8倍
$1.3B
营收增速更快
MPLX
高出10.4%
-9.0%
净利率更高
MPLX
高出46.1%
3.0%
自由现金流更多
MPLX
多$699.3M
$82.7M
两年增速更快
MPLX
近两年复合增速
-9.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $1.3B |
| 净利润 | $1.2B | $40.0M |
| 毛利率 | — | 16.3% |
| 营业利润率 | 60.5% | 4.4% |
| 净利率 | 49.1% | 3.0% |
| 营收同比 | 1.4% | -9.0% |
| 净利润同比 | 8.5% | -41.3% |
| 每股收益（稀释后） | — | $0.71 |
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MPLXUFPI
| Q4 25 | $2.5B | $1.3B | ||
| Q3 25 | $2.5B | $1.6B | ||
| Q2 25 | $2.4B | $1.8B | ||
| Q1 25 | $2.5B | $1.6B | ||
| Q4 24 | $2.4B | $1.5B | ||
| Q3 24 | $2.3B | $1.6B | ||
| Q2 24 | $2.3B | $1.9B | ||
| Q1 24 | $2.2B | $1.6B |
净利润MPLXUFPI
| Q4 25 | $1.2B | $40.0M | ||
| Q3 25 | $1.6B | $75.3M | ||
| Q2 25 | $1.1B | $100.7M | ||
| Q1 25 | $1.1B | $78.8M | ||
| Q4 24 | $1.1B | $68.0M | ||
| Q3 24 | $1.0B | $99.8M | ||
| Q2 24 | $1.2B | $125.9M | ||
| Q1 24 | $1.0B | $120.8M |
毛利率MPLXUFPI
| Q4 25 | — | 16.3% | ||
| Q3 25 | — | 16.8% | ||
| Q2 25 | — | 17.0% | ||
| Q1 25 | — | 16.8% | ||
| Q4 24 | — | 16.4% | ||
| Q3 24 | — | 18.1% | ||
| Q2 24 | — | 19.1% | ||
| Q1 24 | — | 19.9% |
营业利润率MPLXUFPI
| Q4 25 | 60.5% | 4.4% | ||
| Q3 25 | 73.2% | 5.7% | ||
| Q2 25 | 54.9% | 6.7% | ||
| Q1 25 | 55.5% | 5.8% | ||
| Q4 24 | 55.6% | 5.4% | ||
| Q3 24 | 54.4% | 7.3% | ||
| Q2 24 | 62.9% | 8.4% | ||
| Q1 24 | 57.6% | 8.2% |
净利率MPLXUFPI
| Q4 25 | 49.1% | 3.0% | ||
| Q3 25 | 63.2% | 4.8% | ||
| Q2 25 | 44.9% | 5.5% | ||
| Q1 25 | 46.2% | 4.9% | ||
| Q4 24 | 45.9% | 4.7% | ||
| Q3 24 | 44.6% | 6.1% | ||
| Q2 24 | 52.6% | 6.6% | ||
| Q1 24 | 46.7% | 7.4% |
每股收益（稀释后）MPLXUFPI
| Q4 25 | — | $0.71 | ||
| Q3 25 | — | $1.29 | ||
| Q2 25 | — | $1.70 | ||
| Q1 25 | — | $1.30 | ||
| Q4 24 | — | $1.12 | ||
| Q3 24 | — | $1.64 | ||
| Q2 24 | — | $2.05 | ||
| Q1 24 | — | $1.96 |
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 | $948.6M |
| 总债务越低越好 | $24.2B | $229.8M |
| 股东权益账面价值 | — | $3.1B |
| 总资产 | $43.0B | $4.0B |
| 负债/权益比越低杠杆越低 | — | 0.08× |
8季度趋势，按日历期对齐
现金及短期投资MPLXUFPI
| Q4 25 | $2.1B | $948.6M | ||
| Q3 25 | $1.8B | $1.0B | ||
| Q2 25 | $1.4B | $874.0M | ||
| Q1 25 | $2.5B | $934.3M | ||
| Q4 24 | $1.5B | $1.2B | ||
| Q3 24 | $2.4B | $1.2B | ||
| Q2 24 | $2.5B | $1.1B | ||
| Q1 24 | $385.0M | $1.0B |
总债务MPLXUFPI
| Q4 25 | $24.2B | $229.8M | ||
| Q3 25 | $24.1B | — | ||
| Q2 25 | $19.7B | — | ||
| Q1 25 | $19.7B | — | ||
| Q4 24 | $19.3B | $234.0M | ||
| Q3 24 | $19.3B | — | ||
| Q2 24 | $19.2B | — | ||
| Q1 24 | $18.8B | — |
股东权益MPLXUFPI
| Q4 25 | — | $3.1B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | — | $3.2B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $3.1B | ||
| Q1 24 | — | $3.1B |
总资产MPLXUFPI
| Q4 25 | $43.0B | $4.0B | ||
| Q3 25 | $43.2B | $4.1B | ||
| Q2 25 | $37.8B | $4.1B | ||
| Q1 25 | $39.0B | $4.2B | ||
| Q4 24 | $37.5B | $4.2B | ||
| Q3 24 | $38.5B | $4.2B | ||
| Q2 24 | $38.4B | $4.1B | ||
| Q1 24 | $36.5B | $4.1B |
负债/权益比MPLXUFPI
| Q4 25 | — | 0.08× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.07× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $146.6M |
| 自由现金流经营现金流 - 资本支出 | $782.0M | $82.7M |
| 自由现金流率自由现金流/营收 | 31.9% | 6.2% |
| 资本支出强度资本支出/营收 | 29.1% | 4.8% |
| 现金转化率经营现金流/净利润 | 1.24× | 3.67× |
| 过去12个月自由现金流最近4个季度 | $4.1B | $276.4M |
8季度趋势，按日历期对齐
经营现金流MPLXUFPI
| Q4 25 | $1.5B | $146.6M | ||
| Q3 25 | $1.4B | $286.0M | ||
| Q2 25 | $1.7B | $221.9M | ||
| Q1 25 | $1.2B | $-108.8M | ||
| Q4 24 | $1.7B | $144.9M | ||
| Q3 24 | $1.4B | $258.6M | ||
| Q2 24 | $1.6B | $255.9M | ||
| Q1 24 | $1.3B | $-16.8M |
自由现金流MPLXUFPI
| Q4 25 | $782.0M | $82.7M | ||
| Q3 25 | $905.0M | $210.2M | ||
| Q2 25 | $1.4B | $159.5M | ||
| Q1 25 | $979.0M | $-176.1M | ||
| Q4 24 | $1.4B | $78.1M | ||
| Q3 24 | $1.1B | $199.7M | ||
| Q2 24 | $1.4B | $198.4M | ||
| Q1 24 | $1.0B | $-65.9M |
自由现金流率MPLXUFPI
| Q4 25 | 31.9% | 6.2% | ||
| Q3 25 | 36.8% | 13.5% | ||
| Q2 25 | 60.9% | 8.7% | ||
| Q1 25 | 39.8% | -11.0% | ||
| Q4 24 | 56.6% | 5.3% | ||
| Q3 24 | 48.4% | 12.1% | ||
| Q2 24 | 60.0% | 10.4% | ||
| Q1 24 | 47.7% | -4.0% |
资本支出强度MPLXUFPI
| Q4 25 | 29.1% | 4.8% | ||
| Q3 25 | 21.4% | 4.9% | ||
| Q2 25 | 12.8% | 3.4% | ||
| Q1 25 | 10.9% | 4.2% | ||
| Q4 24 | 12.7% | 4.6% | ||
| Q3 24 | 11.9% | 3.6% | ||
| Q2 24 | 9.4% | 3.0% | ||
| Q1 24 | 11.7% | 3.0% |
现金转化率MPLXUFPI
| Q4 25 | 1.24× | 3.67× | ||
| Q3 25 | 0.92× | 3.80× | ||
| Q2 25 | 1.64× | 2.20× | ||
| Q1 25 | 1.10× | -1.38× | ||
| Q4 24 | 1.51× | 2.13× | ||
| Q3 24 | 1.35× | 2.59× | ||
| Q2 24 | 1.32× | 2.03× | ||
| Q1 24 | 1.27× | -0.14× |
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% |
UFPI
| Retail Segment | $444.0M | 33% |
| Structural Packaging | $230.2M | 17% |
| Factory Built | $189.7M | 14% |
| Site Built | $152.7M | 11% |
| Palletone Inc | $119.2M | 9% |
| Deckorators | $55.2M | 4% |
| Commercial | $53.2M | 4% |
| Concrete Forming | $44.2M | 3% |
| Transferred Over Time | $29.6M | 2% |
| Protective Packaging | $20.7M | 2% |
