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NGL Energy Partners LP（NGL）与Primo Brands Corp（PRMB）财务数据对比。点击上方公司名可切换其他公司
Primo Brands Corp的季度营收约是NGL Energy Partners LP的1.8倍（$1.6B vs $909.8M），NGL Energy Partners LP净利率更高（5.2% vs 1.7%，领先3.5%），Primo Brands Corp同比增速更快（0.8% vs -41.3%），过去两年Primo Brands Corp的营收复合增速更高（19.7% 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。
Primo Brands Corp是一家美加合资饮用水企业，主营多规格桶装水、饮水机、自助补水设备及净水家电，总部位于美国佛罗里达州坦帕市，服务覆盖美国、加拿大、欧洲及以色列的住宅与商业客户。
NGL vs PRMB — 直观对比
营收规模更大
PRMB
是对方的1.8倍
$909.8M
营收增速更快
PRMB
高出42.0%
-41.3%
净利率更高
NGL
高出3.5%
1.7%
两年增速更快
PRMB
近两年复合增速
-6.4%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $909.8M | $1.6B |
| 净利润 | $47.2M | $27.3M |
| 毛利率 | 29.0% | 28.6% |
| 营业利润率 | 12.1% | 8.5% |
| 净利率 | 5.2% | 1.7% |
| 营收同比 | -41.3% | 0.8% |
| 净利润同比 | 249.3% | -4.9% |
| 每股收益（稀释后） | — | $0.07 |
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NGLPRMB
| Q1 26 | — | $1.6B | ||
| Q4 25 | $909.8M | $1.6B | ||
| Q3 25 | $674.7M | $1.8B | ||
| Q2 25 | $622.2M | $1.7B | ||
| Q1 25 | $971.1M | $1.6B | ||
| Q4 24 | $982.4M | — | ||
| Q3 24 | $756.5M | $0 | ||
| Q2 24 | $759.2M | $1.3B |
净利润NGLPRMB
| Q1 26 | — | $27.3M | ||
| Q4 25 | $47.2M | $-13.0M | ||
| Q3 25 | $29.3M | $16.8M | ||
| Q2 25 | $68.9M | $27.6M | ||
| Q1 25 | $13.7M | $28.7M | ||
| Q4 24 | $13.5M | — | ||
| Q3 24 | $2.5M | $-2.0K | ||
| Q2 24 | $9.7M | $54.5M |
毛利率NGLPRMB
| Q1 26 | — | 28.6% | ||
| Q4 25 | 29.0% | 27.7% | ||
| Q3 25 | 37.6% | 29.9% | ||
| Q2 25 | 38.5% | 31.3% | ||
| Q1 25 | 26.9% | 32.3% | ||
| Q4 24 | 25.1% | — | ||
| Q3 24 | 30.9% | — | ||
| Q2 24 | 29.0% | 32.7% |
营业利润率NGLPRMB
| Q1 26 | — | 8.5% | ||
| Q4 25 | 12.1% | 1.2% | ||
| Q3 25 | 14.0% | 8.3% | ||
| Q2 25 | 15.7% | 6.5% | ||
| Q1 25 | 8.4% | 9.5% | ||
| Q4 24 | 8.6% | — | ||
| Q3 24 | 10.8% | — | ||
| Q2 24 | 10.8% | 12.1% |
净利率NGLPRMB
| Q1 26 | — | 1.7% | ||
| Q4 25 | 5.2% | -0.8% | ||
| Q3 25 | 4.3% | 1.0% | ||
| Q2 25 | 11.1% | 1.6% | ||
| Q1 25 | 1.4% | 1.8% | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 1.3% | 4.1% |
每股收益（稀释后）NGLPRMB
| Q1 26 | — | $0.07 | ||
| Q4 25 | — | $-0.03 | ||
| Q3 25 | — | $0.04 | ||
| Q2 25 | — | $0.07 | ||
| Q1 25 | — | $0.08 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-20.00 | ||
| Q2 24 | — | $0.25 |
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 | — |
| 总债务越低越好 | $2.9B | $5.2B |
| 股东权益账面价值 | — | $3.0B |
| 总资产 | $4.4B | $10.6B |
| 负债/权益比越低杠杆越低 | — | 1.74× |
8季度趋势，按日历期对齐
现金及短期投资NGLPRMB
| Q1 26 | — | — | ||
| Q4 25 | $6.5M | $376.7M | ||
| Q3 25 | $8.7M | — | ||
| Q2 25 | $5.4M | — | ||
| Q1 25 | $13.5M | — | ||
| Q4 24 | $5.7M | — | ||
| Q3 24 | $4.5M | — | ||
| Q2 24 | $5.3M | — |
总债务NGLPRMB
| Q1 26 | — | $5.2B | ||
| Q4 25 | $2.9B | $5.2B | ||
| Q3 25 | $2.9B | $5.1B | ||
| Q2 25 | $2.9B | $5.1B | ||
| Q1 25 | $3.0B | $5.0B | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.0B | — |
股东权益NGLPRMB
| Q1 26 | — | $3.0B | ||
| Q4 25 | — | $3.0B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | — | $3.3B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-2.0K | ||
| Q2 24 | — | $-296.8M |
总资产NGLPRMB
| Q1 26 | — | $10.6B | ||
| Q4 25 | $4.4B | $10.6B | ||
| Q3 25 | $4.3B | $11.0B | ||
| Q2 25 | $4.2B | $11.0B | ||
| Q1 25 | $4.6B | $11.0B | ||
| Q4 24 | $4.8B | — | ||
| Q3 24 | $4.9B | $0 | ||
| Q2 24 | $4.8B | — |
负债/权益比NGLPRMB
| Q1 26 | — | 1.74× | ||
| Q4 25 | — | 1.72× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | — | 1.57× | ||
| Q1 25 | — | 1.51× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $182.3M | $103.8M |
| 自由现金流经营现金流 - 资本支出 | $45.7M | — |
| 自由现金流率自由现金流/营收 | 5.0% | — |
| 资本支出强度资本支出/营收 | 15.0% | 2.9% |
| 现金转化率经营现金流/净利润 | 3.86× | 3.80× |
| 过去12个月自由现金流最近4个季度 | $126.7M | — |
8季度趋势，按日历期对齐
经营现金流NGLPRMB
| Q1 26 | — | $103.8M | ||
| Q4 25 | $182.3M | $203.1M | ||
| Q3 25 | $40.5M | $283.4M | ||
| Q2 25 | $33.2M | $155.0M | ||
| Q1 25 | $155.0M | $38.8M | ||
| Q4 24 | $153.8M | — | ||
| Q3 24 | $6.7M | $0 | ||
| Q2 24 | $-18.1M | $102.5M |
自由现金流NGLPRMB
| Q1 26 | — | — | ||
| Q4 25 | $45.7M | $57.3M | ||
| Q3 25 | $9.5M | $167.7M | ||
| Q2 25 | $11.1M | $101.1M | ||
| Q1 25 | $60.4M | $-23.2M | ||
| Q4 24 | $152.1M | — | ||
| Q3 24 | $-82.9M | — | ||
| Q2 24 | $-78.0M | $61.4M |
自由现金流率NGLPRMB
| Q1 26 | — | — | ||
| Q4 25 | 5.0% | 3.7% | ||
| Q3 25 | 1.4% | 9.5% | ||
| Q2 25 | 1.8% | 5.8% | ||
| Q1 25 | 6.2% | -1.4% | ||
| Q4 24 | 15.5% | — | ||
| Q3 24 | -11.0% | — | ||
| Q2 24 | -10.3% | 4.7% |
资本支出强度NGLPRMB
| Q1 26 | — | 2.9% | ||
| Q4 25 | 15.0% | 9.4% | ||
| Q3 25 | 4.6% | 6.6% | ||
| Q2 25 | 3.6% | 3.1% | ||
| Q1 25 | 9.7% | 3.8% | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 11.8% | — | ||
| Q2 24 | 7.9% | 3.1% |
现金转化率NGLPRMB
| Q1 26 | — | 3.80× | ||
| Q4 25 | 3.86× | — | ||
| Q3 25 | 1.38× | 16.87× | ||
| Q2 25 | 0.48× | 5.62× | ||
| Q1 25 | 11.29× | 1.35× | ||
| Q4 24 | 11.39× | — | ||
| Q3 24 | 2.74× | — | ||
| Q2 24 | -1.87× | 1.88× |
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% |
PRMB
| Regional spring water | $801.2M | 49% |
| Purified water | $511.2M | 31% |
| Other | $208.2M | 13% |
| Premium water | $105.5M | 6% |
