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NEWMARKET CORP（NEU）与Westlake Chemical Partners LP（WLKP）财务数据对比。点击上方公司名可切换其他公司
NEWMARKET CORP的季度营收约是Westlake Chemical Partners LP的2.1倍（$669.7M vs $323.0M）。NEWMARKET CORP净利率更高（17.6% vs 4.5%，领先13.1%）。Westlake Chemical Partners LP同比增速更快（11.4% vs -4.5%）。过去两年Westlake Chemical Partners LP的营收复合增速更高（6.5% vs -2.9%）
Newmarket Corporation是美国上市企业，主营业务服务于石油添加剂行业，总部位于弗吉尼亚州里士满，业务布局覆盖北美、拉美、欧洲、中东及亚太地区，其前身为1887年成立的阿尔伯马尔造纸制造公司。
Westlake Chemical Partners LP是一家石化领域有限合伙企业，主营乙烯、聚乙烯、苯乙烯单体等基础石化产品的生产与销售，核心市场覆盖北美地区，服务包装、建材、消费品、工业制造等下游行业客户。
NEU vs WLKP — 直观对比
营收规模更大
NEU
是对方的2.1倍
$323.0M
营收增速更快
WLKP
高出15.8%
-4.5%
净利率更高
NEU
高出13.1%
4.5%
两年增速更快
WLKP
近两年复合增速
-2.9%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $669.7M | $323.0M |
| 净利润 | $118.1M | $14.5M |
| 毛利率 | 33.0% | 30.0% |
| 营业利润率 | 21.4% | 27.8% |
| 净利率 | 17.6% | 4.5% |
| 营收同比 | -4.5% | 11.4% |
| 净利润同比 | -6.3% | -3.0% |
| 每股收益（稀释后） | $12.62 | — |
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NEUWLKP
| Q1 26 | $669.7M | — | ||
| Q4 25 | $635.4M | $323.0M | ||
| Q3 25 | $690.3M | $308.9M | ||
| Q2 25 | $698.5M | $297.1M | ||
| Q1 25 | $700.9M | $237.6M | ||
| Q4 24 | $654.6M | $290.1M | ||
| Q3 24 | $724.9M | $277.0M | ||
| Q2 24 | $710.2M | $284.2M |
净利润NEUWLKP
| Q1 26 | $118.1M | — | ||
| Q4 25 | $81.3M | $14.5M | ||
| Q3 25 | $100.3M | $14.7M | ||
| Q2 25 | $111.2M | $14.6M | ||
| Q1 25 | $125.9M | $4.9M | ||
| Q4 24 | $110.7M | $15.0M | ||
| Q3 24 | $132.3M | $18.1M | ||
| Q2 24 | $111.6M | $14.4M |
毛利率NEUWLKP
| Q1 26 | 33.0% | — | ||
| Q4 25 | 30.0% | 30.0% | ||
| Q3 25 | 30.4% | 32.2% | ||
| Q2 25 | 31.6% | 32.8% | ||
| Q1 25 | 33.7% | 22.8% | ||
| Q4 24 | 31.7% | 34.0% | ||
| Q3 24 | 33.6% | 42.2% | ||
| Q2 24 | 30.8% | 35.6% |
营业利润率NEUWLKP
| Q1 26 | 21.4% | — | ||
| Q4 25 | 17.3% | 27.8% | ||
| Q3 25 | 18.9% | 29.8% | ||
| Q2 25 | 20.5% | 30.7% | ||
| Q1 25 | 22.8% | 19.6% | ||
| Q4 24 | 20.3% | 31.7% | ||
| Q3 24 | 23.4% | 39.6% | ||
| Q2 24 | 20.7% | 32.9% |
净利率NEUWLKP
| Q1 26 | 17.6% | — | ||
| Q4 25 | 12.8% | 4.5% | ||
| Q3 25 | 14.5% | 4.7% | ||
| Q2 25 | 15.9% | 4.9% | ||
| Q1 25 | 18.0% | 2.1% | ||
| Q4 24 | 16.9% | 5.2% | ||
| Q3 24 | 18.3% | 6.5% | ||
| Q2 24 | 15.7% | 5.1% |
每股收益（稀释后）NEUWLKP
| Q1 26 | $12.62 | — | ||
| Q4 25 | $8.67 | — | ||
| Q3 25 | $10.67 | — | ||
| Q2 25 | $11.84 | — | ||
| Q1 25 | $13.26 | — | ||
| Q4 24 | $11.57 | — | ||
| Q3 24 | $13.79 | — | ||
| Q2 24 | $11.63 | — |
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 | $73.2M | $44.3M |
| 总债务越低越好 | $939.6M | — |
| 股东权益账面价值 | $1.7B | — |
| 总资产 | $3.5B | $1.3B |
| 负债/权益比越低杠杆越低 | 0.54× | — |
8季度趋势，按日历期对齐
现金及短期投资NEUWLKP
| Q1 26 | $73.2M | — | ||
| Q4 25 | $77.6M | $44.3M | ||
| Q3 25 | $102.5M | $37.9M | ||
| Q2 25 | $70.3M | $36.6M | ||
| Q1 25 | $118.3M | $49.6M | ||
| Q4 24 | $77.5M | $58.3M | ||
| Q3 24 | $80.3M | $60.2M | ||
| Q2 24 | $87.6M | $66.0M |
总债务NEUWLKP
| Q1 26 | $939.6M | — | ||
| Q4 25 | $883.4M | — | ||
| Q3 25 | $783.1M | — | ||
| Q2 25 | $841.8M | — | ||
| Q1 25 | $990.6M | — | ||
| Q4 24 | $971.3M | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.2B | — |
股东权益NEUWLKP
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.2B | — |
总资产NEUWLKP
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $1.3B | ||
| Q3 25 | $3.2B | $1.3B | ||
| Q2 25 | $3.2B | $1.3B | ||
| Q1 25 | $3.2B | $1.4B | ||
| Q4 24 | $3.1B | $1.3B | ||
| Q3 24 | $3.2B | $1.3B | ||
| Q2 24 | $3.2B | $1.3B |
负债/权益比NEUWLKP
| Q1 26 | 0.54× | — | ||
| Q4 25 | 0.50× | — | ||
| Q3 25 | 0.46× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.66× | — | ||
| Q3 24 | 0.80× | — | ||
| Q2 24 | 0.95× | — |
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 | — | $120.4M |
| 自由现金流经营现金流 - 资本支出 | — | $111.5M |
| 自由现金流率自由现金流/营收 | — | 34.5% |
| 资本支出强度资本支出/营收 | 3.6% | 2.7% |
| 现金转化率经营现金流/净利润 | — | 8.28× |
| 过去12个月自由现金流最近4个季度 | — | $201.7M |
8季度趋势，按日历期对齐
经营现金流NEUWLKP
| Q1 26 | — | — | ||
| Q4 25 | $145.2M | $120.4M | ||
| Q3 25 | $142.4M | $105.2M | ||
| Q2 25 | $161.1M | $9.1M | ||
| Q1 25 | $120.3M | $45.8M | ||
| Q4 24 | $185.2M | $132.5M | ||
| Q3 24 | $116.6M | $126.1M | ||
| Q2 24 | $115.0M | $121.9M |
自由现金流NEUWLKP
| Q1 26 | — | — | ||
| Q4 25 | $117.2M | $111.5M | ||
| Q3 25 | $122.1M | $75.6M | ||
| Q2 25 | $144.8M | $-15.3M | ||
| Q1 25 | $107.3M | $29.8M | ||
| Q4 24 | $170.6M | $119.0M | ||
| Q3 24 | $102.4M | $110.5M | ||
| Q2 24 | $100.0M | $111.7M |
自由现金流率NEUWLKP
| Q1 26 | — | — | ||
| Q4 25 | 18.4% | 34.5% | ||
| Q3 25 | 17.7% | 24.5% | ||
| Q2 25 | 20.7% | -5.2% | ||
| Q1 25 | 15.3% | 12.6% | ||
| Q4 24 | 26.1% | 41.0% | ||
| Q3 24 | 14.1% | 39.9% | ||
| Q2 24 | 14.1% | 39.3% |
资本支出强度NEUWLKP
| Q1 26 | 3.6% | — | ||
| Q4 25 | 4.4% | 2.7% | ||
| Q3 25 | 2.9% | 9.6% | ||
| Q2 25 | 2.3% | 8.2% | ||
| Q1 25 | 1.9% | 6.7% | ||
| Q4 24 | 2.2% | 4.6% | ||
| Q3 24 | 2.0% | 5.6% | ||
| Q2 24 | 2.1% | 3.6% |
现金转化率NEUWLKP
| Q1 26 | — | — | ||
| Q4 25 | 1.79× | 8.28× | ||
| Q3 25 | 1.42× | 7.18× | ||
| Q2 25 | 1.45× | 0.62× | ||
| Q1 25 | 0.96× | 9.25× | ||
| Q4 24 | 1.67× | 8.83× | ||
| Q3 24 | 0.88× | 6.95× | ||
| Q2 24 | 1.03× | 8.45× |
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
NEU
暂无分部数据
WLKP
| Affiliated Entity | $296.9M | 92% |
| Nonrelated Party | $26.2M | 8% |
