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NGL Energy Partners LP（NGL）与OUTFRONT Media Inc.（OUT）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OUTFRONT Media Inc.的1.8倍（$909.8M vs $513.3M），OUTFRONT Media Inc.净利率更高（18.9% vs 5.2%，领先13.7%），OUTFRONT Media Inc.同比增速更快（4.1% vs -41.3%），OUTFRONT Media Inc.自由现金流更多（$93.3M vs $45.7M），过去两年OUTFRONT Media Inc.的营收复合增速更高（12.1% vs -6.4%）
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。
OUTFRONT Media Inc.是一家美国广告企业，业务覆盖美国本土，由首席执行官Nick Brien领导美洲区业务，核心经营广告牌及公共交通展示广告两大业务板块，是户外广告领域的重要参与者。
NGL vs OUT — 直观对比
营收规模更大
NGL
是对方的1.8倍
$513.3M
营收增速更快
OUT
高出45.3%
-41.3%
净利率更高
OUT
高出13.7%
5.2%
自由现金流更多
OUT
多$47.6M
$45.7M
两年增速更快
OUT
近两年复合增速
-6.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $909.8M | $513.3M |
| 净利润 | $47.2M | $96.8M |
| 毛利率 | 29.0% | — |
| 营业利润率 | 12.1% | 26.0% |
| 净利率 | 5.2% | 18.9% |
| 营收同比 | -41.3% | 4.1% |
| 净利润同比 | 249.3% | 30.8% |
| 每股收益（稀释后） | — | $0.57 |
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NGLOUT
| Q4 25 | $909.8M | $513.3M | ||
| Q3 25 | $674.7M | $467.5M | ||
| Q2 25 | $622.2M | $460.2M | ||
| Q1 25 | $971.1M | $390.7M | ||
| Q4 24 | $982.4M | $493.2M | ||
| Q3 24 | $756.5M | $451.9M | ||
| Q2 24 | $759.2M | $477.3M | ||
| Q1 24 | $1.0B | $408.5M |
净利润NGLOUT
| Q4 25 | $47.2M | $96.8M | ||
| Q3 25 | $29.3M | $51.3M | ||
| Q2 25 | $68.9M | $19.5M | ||
| Q1 25 | $13.7M | $-20.6M | ||
| Q4 24 | $13.5M | $74.0M | ||
| Q3 24 | $2.5M | $34.6M | ||
| Q2 24 | $9.7M | $176.8M | ||
| Q1 24 | $-236.8M | $-27.2M |
毛利率NGLOUT
| Q4 25 | 29.0% | — | ||
| Q3 25 | 37.6% | — | ||
| Q2 25 | 38.5% | — | ||
| Q1 25 | 26.9% | — | ||
| Q4 24 | 25.1% | — | ||
| Q3 24 | 30.9% | — | ||
| Q2 24 | 29.0% | — | ||
| Q1 24 | 21.8% | — |
营业利润率NGLOUT
| Q4 25 | 12.1% | 26.0% | ||
| Q3 25 | 14.0% | 19.2% | ||
| Q2 25 | 15.7% | 12.2% | ||
| Q1 25 | 8.4% | 3.6% | ||
| Q4 24 | 8.6% | 22.5% | ||
| Q3 24 | 10.8% | 15.8% | ||
| Q2 24 | 10.8% | 48.0% | ||
| Q1 24 | -9.4% | 3.4% |
净利率NGLOUT
| Q4 25 | 5.2% | 18.9% | ||
| Q3 25 | 4.3% | 11.0% | ||
| Q2 25 | 11.1% | 4.2% | ||
| Q1 25 | 1.4% | -5.3% | ||
| Q4 24 | 1.4% | 15.0% | ||
| Q3 24 | 0.3% | 7.7% | ||
| Q2 24 | 1.3% | 37.0% | ||
| Q1 24 | -22.8% | -6.7% |
每股收益（稀释后）NGLOUT
| Q4 25 | — | $0.57 | ||
| Q3 25 | — | $0.29 | ||
| Q2 25 | — | $0.10 | ||
| Q1 25 | — | $-0.14 | ||
| Q4 24 | — | $0.49 | ||
| Q3 24 | — | $0.19 | ||
| Q2 24 | — | $1.01 | ||
| Q1 24 | — | $-0.18 |
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 | $6.5M | $99.9M |
| 总债务越低越好 | $2.9B | — |
| 股东权益账面价值 | — | $710.4M |
| 总资产 | $4.4B | $5.3B |
| 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NGLOUT
| Q4 25 | $6.5M | $99.9M | ||
| Q3 25 | $8.7M | $63.0M | ||
| Q2 25 | $5.4M | $28.5M | ||
| Q1 25 | $13.5M | $30.5M | ||
| Q4 24 | $5.7M | $46.9M | ||
| Q3 24 | $4.5M | $28.0M | ||
| Q2 24 | $5.3M | $49.6M | ||
| Q1 24 | $38.9M | $42.4M |
总债务NGLOUT
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $2.9B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.0B | — | ||
| Q1 24 | $2.9B | — |
股东权益NGLOUT
| Q4 25 | — | $710.4M | ||
| Q3 25 | — | $542.6M | ||
| Q2 25 | — | $539.1M | ||
| Q1 25 | — | $566.9M | ||
| Q4 24 | — | $649.0M | ||
| Q3 24 | — | $618.2M | ||
| Q2 24 | — | $664.9M | ||
| Q1 24 | — | $524.2M |
总资产NGLOUT
| Q4 25 | $4.4B | $5.3B | ||
| Q3 25 | $4.3B | $5.2B | ||
| Q2 25 | $4.2B | $5.1B | ||
| Q1 25 | $4.6B | $5.1B | ||
| Q4 24 | $4.8B | $5.2B | ||
| Q3 24 | $4.9B | $5.2B | ||
| Q2 24 | $4.8B | $5.3B | ||
| Q1 24 | $5.0B | $5.5B |
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 | $182.3M | $118.1M |
| 自由现金流经营现金流 - 资本支出 | $45.7M | $93.3M |
| 自由现金流率自由现金流/营收 | 5.0% | 18.2% |
| 资本支出强度资本支出/营收 | 15.0% | 4.8% |
| 现金转化率经营现金流/净利润 | 3.86× | 1.22× |
| 过去12个月自由现金流最近4个季度 | $126.7M | $218.8M |
8季度趋势，按日历期对齐
经营现金流NGLOUT
| Q4 25 | $182.3M | $118.1M | ||
| Q3 25 | $40.5M | $88.8M | ||
| Q2 25 | $33.2M | $67.1M | ||
| Q1 25 | $155.0M | $33.6M | ||
| Q4 24 | $153.8M | $124.5M | ||
| Q3 24 | $6.7M | $73.1M | ||
| Q2 24 | $-18.1M | $71.0M | ||
| Q1 24 | $152.2M | $30.6M |
自由现金流NGLOUT
| Q4 25 | $45.7M | $93.3M | ||
| Q3 25 | $9.5M | $67.7M | ||
| Q2 25 | $11.1M | $41.4M | ||
| Q1 25 | $60.4M | $16.4M | ||
| Q4 24 | $152.1M | $106.3M | ||
| Q3 24 | $-82.9M | $55.5M | ||
| Q2 24 | $-78.0M | $47.1M | ||
| Q1 24 | $119.8M | $12.2M |
自由现金流率NGLOUT
| Q4 25 | 5.0% | 18.2% | ||
| Q3 25 | 1.4% | 14.5% | ||
| Q2 25 | 1.8% | 9.0% | ||
| Q1 25 | 6.2% | 4.2% | ||
| Q4 24 | 15.5% | 21.6% | ||
| Q3 24 | -11.0% | 12.3% | ||
| Q2 24 | -10.3% | 9.9% | ||
| Q1 24 | 11.5% | 3.0% |
资本支出强度NGLOUT
| Q4 25 | 15.0% | 4.8% | ||
| Q3 25 | 4.6% | 4.5% | ||
| Q2 25 | 3.6% | 5.6% | ||
| Q1 25 | 9.7% | 4.4% | ||
| Q4 24 | 0.2% | 3.7% | ||
| Q3 24 | 11.8% | 3.9% | ||
| Q2 24 | 7.9% | 5.0% | ||
| Q1 24 | 3.1% | 4.5% |
现金转化率NGLOUT
| Q4 25 | 3.86× | 1.22× | ||
| Q3 25 | 1.38× | 1.73× | ||
| Q2 25 | 0.48× | 3.44× | ||
| Q1 25 | 11.29× | — | ||
| Q4 24 | 11.39× | 1.68× | ||
| Q3 24 | 2.74× | 2.11× | ||
| Q2 24 | -1.87× | 0.40× | ||
| Q1 24 | — | — |
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
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% |
OUT
| Static Displays | $236.3M | 46% |
| Other | $134.8M | 26% |
| Digital Displays | $125.3M | 24% |
| Other Revenues | $1.9M | 0% |
