vs
Match Group（MTCH）与NGL Energy Partners LP（NGL）财务数据对比。点击上方公司名可切换其他公司
NGL Energy Partners LP的季度营收约是Match Group的1.0倍（$909.8M vs $878.0M），Match Group净利率更高（23.9% vs 5.2%，领先18.7%），Match Group同比增速更快（2.1% vs -41.3%），Match Group自由现金流更多（$308.1M vs $45.7M），过去两年Match Group的营收复合增速更高（1.1% vs -6.4%）
美国互联网科技企业Match Group总部位于得克萨斯州达拉斯，旗下拥有全球规模最大的在线约会服务品牌矩阵，运营Tinder、Hinge、Plenty of Fish等多款全球知名约会产品。2020年7月公司从IAC分拆为独立上市公司，截至2019年全球付费订阅用户达930万，其中近半数来自北美地区。
NGL Energy Partners LP是一家总部位于美国的中游能源服务企业，主营原油、液化天然气、可再生燃料的运输、存储及物流服务，同时为上游能源生产商提供水资源管理解决方案，业务主要覆盖北美市场。
MTCH vs NGL — 直观对比
营收规模更大
NGL
是对方的1.0倍
$878.0M
营收增速更快
MTCH
高出43.3%
-41.3%
净利率更高
MTCH
高出18.7%
5.2%
自由现金流更多
MTCH
多$262.4M
$45.7M
两年增速更快
MTCH
近两年复合增速
-6.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $878.0M | $909.8M |
| 净利润 | $209.7M | $47.2M |
| 毛利率 | 74.7% | 29.0% |
| 营业利润率 | 32.4% | 12.1% |
| 净利率 | 23.9% | 5.2% |
| 营收同比 | 2.1% | -41.3% |
| 净利润同比 | 32.5% | 249.3% |
| 每股收益（稀释后） | $0.83 | — |
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MTCHNGL
| Q4 25 | $878.0M | $909.8M | ||
| Q3 25 | $914.3M | $674.7M | ||
| Q2 25 | $863.7M | $622.2M | ||
| Q1 25 | $831.2M | $971.1M | ||
| Q4 24 | $860.2M | $982.4M | ||
| Q3 24 | $895.5M | $756.5M | ||
| Q2 24 | $864.1M | $759.2M | ||
| Q1 24 | $859.6M | $1.0B |
净利润MTCHNGL
| Q4 25 | $209.7M | $47.2M | ||
| Q3 25 | $160.8M | $29.3M | ||
| Q2 25 | $125.5M | $68.9M | ||
| Q1 25 | $117.6M | $13.7M | ||
| Q4 24 | $158.3M | $13.5M | ||
| Q3 24 | $136.5M | $2.5M | ||
| Q2 24 | $133.3M | $9.7M | ||
| Q1 24 | $123.2M | $-236.8M |
毛利率MTCHNGL
| Q4 25 | 74.7% | 29.0% | ||
| Q3 25 | 73.0% | 37.6% | ||
| Q2 25 | 72.0% | 38.5% | ||
| Q1 25 | 71.5% | 26.9% | ||
| Q4 24 | 72.5% | 25.1% | ||
| Q3 24 | 71.7% | 30.9% | ||
| Q2 24 | 71.6% | 29.0% | ||
| Q1 24 | 70.1% | 21.8% |
营业利润率MTCHNGL
| Q4 25 | 32.4% | 12.1% | ||
| Q3 25 | 24.2% | 14.0% | ||
| Q2 25 | 22.5% | 15.7% | ||
| Q1 25 | 20.8% | 8.4% | ||
| Q4 24 | 26.0% | 8.6% | ||
| Q3 24 | 23.5% | 10.8% | ||
| Q2 24 | 23.7% | 10.8% | ||
| Q1 24 | 21.5% | -9.4% |
净利率MTCHNGL
| Q4 25 | 23.9% | 5.2% | ||
| Q3 25 | 17.6% | 4.3% | ||
| Q2 25 | 14.5% | 11.1% | ||
| Q1 25 | 14.1% | 1.4% | ||
| Q4 24 | 18.4% | 1.4% | ||
| Q3 24 | 15.2% | 0.3% | ||
| Q2 24 | 15.4% | 1.3% | ||
| Q1 24 | 14.3% | -22.8% |
每股收益（稀释后）MTCHNGL
| Q4 25 | $0.83 | — | ||
| Q3 25 | $0.62 | — | ||
| Q2 25 | $0.49 | — | ||
| Q1 25 | $0.44 | — | ||
| Q4 24 | $0.59 | — | ||
| Q3 24 | $0.51 | — | ||
| Q2 24 | $0.48 | — | ||
| Q1 24 | $0.44 | — |
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 | $1.0B | $6.5M |
| 总债务越低越好 | $3.5B | $2.9B |
| 股东权益账面价值 | $-253.5M | — |
| 总资产 | $4.5B | $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MTCHNGL
| Q4 25 | $1.0B | $6.5M | ||
| Q3 25 | $1.1B | $8.7M | ||
| Q2 25 | $340.4M | $5.4M | ||
| Q1 25 | $414.2M | $13.5M | ||
| Q4 24 | $970.7M | $5.7M | ||
| Q3 24 | $860.9M | $4.5M | ||
| Q2 24 | $843.6M | $5.3M | ||
| Q1 24 | $920.9M | $38.9M |
总债务MTCHNGL
| Q4 25 | $3.5B | $2.9B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | $3.4B | $3.0B | ||
| Q4 24 | $3.8B | $3.1B | ||
| Q3 24 | $3.8B | $3.1B | ||
| Q2 24 | $3.8B | $3.0B | ||
| Q1 24 | $3.8B | $2.9B |
股东权益MTCHNGL
| Q4 25 | $-253.5M | — | ||
| Q3 25 | $-223.9M | — | ||
| Q2 25 | $-230.9M | — | ||
| Q1 25 | $-182.7M | — | ||
| Q4 24 | $-63.7M | — | ||
| Q3 24 | $-88.5M | — | ||
| Q2 24 | $-130.2M | — | ||
| Q1 24 | $-107.8M | — |
总资产MTCHNGL
| Q4 25 | $4.5B | $4.4B | ||
| Q3 25 | $4.5B | $4.3B | ||
| Q2 25 | $3.9B | $4.2B | ||
| Q1 25 | $3.9B | $4.6B | ||
| Q4 24 | $4.5B | $4.8B | ||
| Q3 24 | $4.4B | $4.9B | ||
| Q2 24 | $4.4B | $4.8B | ||
| Q1 24 | $4.4B | $5.0B |
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 | $322.8M | $182.3M |
| 自由现金流经营现金流 - 资本支出 | $308.1M | $45.7M |
| 自由现金流率自由现金流/营收 | 35.1% | 5.0% |
| 资本支出强度资本支出/营收 | 1.7% | 15.0% |
| 现金转化率经营现金流/净利润 | 1.54× | 3.86× |
| 过去12个月自由现金流最近4个季度 | $1.0B | $126.7M |
8季度趋势，按日历期对齐
经营现金流MTCHNGL
| Q4 25 | $322.8M | $182.3M | ||
| Q3 25 | $320.6M | $40.5M | ||
| Q2 25 | $243.8M | $33.2M | ||
| Q1 25 | $193.1M | $155.0M | ||
| Q4 24 | $254.7M | $153.8M | ||
| Q3 24 | $264.9M | $6.7M | ||
| Q2 24 | $129.0M | $-18.1M | ||
| Q1 24 | $284.1M | $152.2M |
自由现金流MTCHNGL
| Q4 25 | $308.1M | $45.7M | ||
| Q3 25 | $306.8M | $9.5M | ||
| Q2 25 | $231.0M | $11.1M | ||
| Q1 25 | $177.7M | $60.4M | ||
| Q4 24 | $247.1M | $152.1M | ||
| Q3 24 | $251.8M | $-82.9M | ||
| Q2 24 | $116.3M | $-78.0M | ||
| Q1 24 | $266.9M | $119.8M |
自由现金流率MTCHNGL
| Q4 25 | 35.1% | 5.0% | ||
| Q3 25 | 33.6% | 1.4% | ||
| Q2 25 | 26.7% | 1.8% | ||
| Q1 25 | 21.4% | 6.2% | ||
| Q4 24 | 28.7% | 15.5% | ||
| Q3 24 | 28.1% | -11.0% | ||
| Q2 24 | 13.5% | -10.3% | ||
| Q1 24 | 31.0% | 11.5% |
资本支出强度MTCHNGL
| Q4 25 | 1.7% | 15.0% | ||
| Q3 25 | 1.5% | 4.6% | ||
| Q2 25 | 1.5% | 3.6% | ||
| Q1 25 | 1.9% | 9.7% | ||
| Q4 24 | 0.9% | 0.2% | ||
| Q3 24 | 1.5% | 11.8% | ||
| Q2 24 | 1.5% | 7.9% | ||
| Q1 24 | 2.0% | 3.1% |
现金转化率MTCHNGL
| Q4 25 | 1.54× | 3.86× | ||
| Q3 25 | 1.99× | 1.38× | ||
| Q2 25 | 1.94× | 0.48× | ||
| Q1 25 | 1.64× | 11.29× | ||
| Q4 24 | 1.61× | 11.39× | ||
| Q3 24 | 1.94× | 2.74× | ||
| Q2 24 | 0.97× | -1.87× | ||
| Q1 24 | 2.31× | — |
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
MTCH
| Tinder Segment | $479.3M | 55% |
| Hinge Segment | $186.5M | 21% |
| Evergreen And Emerging Segment | $148.1M | 17% |
| MG Asia Segment | $65.8M | 7% |
NGL
| Water Solutions Segment | $208.6M | 23% |
| Services | $193.3M | 21% |
| Butane | $192.5M | 21% |
| Service Fees | $182.8M | 20% |
| Public Utilities Inventory Propane | $93.9M | 10% |
| Crude Oil | $23.3M | 3% |
| Crude Oil Transportation And Other | $6.5M | 1% |
| Liquids Logistics Segment | $2.5M | 0% |
| Crude Oil Logistics Segment | $1.2M | 0% |
