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NGL Energy Partners LP（NGL）与罗致恒富（RHI）财务数据对比。点击上方公司名可切换其他公司
罗致恒富的季度营收约是NGL Energy Partners LP的1.4倍（$1.3B vs $909.8M），罗致恒富同比增速更快（-5.8% vs -41.3%），罗致恒富自由现金流更多（$170.8M vs $45.7M），过去两年罗致恒富的营收复合增速更高（-6.1% 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。
罗致恒富是1948年成立的国际人力资源咨询机构，总部位于加利福尼亚州门洛帕克和圣拉蒙，是全球规模领先的会计与金融领域人才派遣服务商之一，在全球范围内设有超过345个办公点。
NGL vs RHI — 直观对比
营收规模更大
RHI
是对方的1.4倍
$909.8M
营收增速更快
RHI
高出35.5%
-41.3%
自由现金流更多
RHI
多$125.1M
$45.7M
两年增速更快
RHI
近两年复合增速
-6.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $909.8M | $1.3B |
| 净利润 | $47.2M | — |
| 毛利率 | 29.0% | 37.6% |
| 营业利润率 | 12.1% | 1.7% |
| 净利率 | 5.2% | — |
| 营收同比 | -41.3% | -5.8% |
| 净利润同比 | 249.3% | — |
| 每股收益（稀释后） | — | $0.32 |
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NGLRHI
| Q4 25 | $909.8M | $1.3B | ||
| Q3 25 | $674.7M | $1.4B | ||
| Q2 25 | $622.2M | $1.4B | ||
| Q1 25 | $971.1M | $1.4B | ||
| Q4 24 | $982.4M | $1.4B | ||
| Q3 24 | $756.5M | $1.5B | ||
| Q2 24 | $759.2M | $1.5B | ||
| Q1 24 | $1.0B | $1.5B |
净利润NGLRHI
| Q4 25 | $47.2M | — | ||
| Q3 25 | $29.3M | $42.9M | ||
| Q2 25 | $68.9M | $41.0M | ||
| Q1 25 | $13.7M | $17.4M | ||
| Q4 24 | $13.5M | — | ||
| Q3 24 | $2.5M | $65.5M | ||
| Q2 24 | $9.7M | $68.2M | ||
| Q1 24 | $-236.8M | $63.7M |
毛利率NGLRHI
| Q4 25 | 29.0% | 37.6% | ||
| Q3 25 | 37.6% | 37.2% | ||
| Q2 25 | 38.5% | 37.2% | ||
| Q1 25 | 26.9% | 36.9% | ||
| Q4 24 | 25.1% | 38.8% | ||
| Q3 24 | 30.9% | 39.0% | ||
| Q2 24 | 29.0% | 39.2% | ||
| Q1 24 | 21.8% | 38.1% |
营业利润率NGLRHI
| Q4 25 | 12.1% | 1.7% | ||
| Q3 25 | 14.0% | 1.0% | ||
| Q2 25 | 15.7% | 0.1% | ||
| Q1 25 | 8.4% | 2.9% | ||
| Q4 24 | 8.6% | 4.7% | ||
| Q3 24 | 10.8% | 4.1% | ||
| Q2 24 | 10.8% | 5.1% | ||
| Q1 24 | -9.4% | 2.8% |
净利率NGLRHI
| Q4 25 | 5.2% | — | ||
| Q3 25 | 4.3% | 3.2% | ||
| Q2 25 | 11.1% | 3.0% | ||
| Q1 25 | 1.4% | 1.3% | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 0.3% | 4.5% | ||
| Q2 24 | 1.3% | 4.6% | ||
| Q1 24 | -22.8% | 4.3% |
每股收益（稀释后）NGLRHI
| Q4 25 | — | $0.32 | ||
| Q3 25 | — | $0.43 | ||
| Q2 25 | — | $0.41 | ||
| Q1 25 | — | $0.17 | ||
| Q4 24 | — | $0.53 | ||
| Q3 24 | — | $0.64 | ||
| Q2 24 | — | $0.66 | ||
| Q1 24 | — | $0.61 |
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 | $464.4M |
| 总债务越低越好 | $2.9B | — |
| 股东权益账面价值 | — | $1.3B |
| 总资产 | $4.4B | $2.9B |
| 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NGLRHI
| Q4 25 | $6.5M | $464.4M | ||
| Q3 25 | $8.7M | $365.3M | ||
| Q2 25 | $5.4M | $380.5M | ||
| Q1 25 | $13.5M | $342.5M | ||
| Q4 24 | $5.7M | $537.6M | ||
| Q3 24 | $4.5M | $570.5M | ||
| Q2 24 | $5.3M | $547.4M | ||
| Q1 24 | $38.9M | $540.9M |
总债务NGLRHI
| 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NGLRHI
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.5B |
总资产NGLRHI
| Q4 25 | $4.4B | $2.9B | ||
| Q3 25 | $4.3B | $2.8B | ||
| Q2 25 | $4.2B | $2.8B | ||
| Q1 25 | $4.6B | $2.7B | ||
| Q4 24 | $4.8B | $2.9B | ||
| Q3 24 | $4.9B | $3.0B | ||
| Q2 24 | $4.8B | $2.9B | ||
| Q1 24 | $5.0B | $2.9B |
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 | $182.5M |
| 自由现金流经营现金流 - 资本支出 | $45.7M | $170.8M |
| 自由现金流率自由现金流/营收 | 5.0% | 13.1% |
| 资本支出强度资本支出/营收 | 15.0% | 0.9% |
| 现金转化率经营现金流/净利润 | 3.86× | — |
| 过去12个月自由现金流最近4个季度 | $126.7M | $266.8M |
8季度趋势，按日历期对齐
经营现金流NGLRHI
| Q4 25 | $182.3M | $182.5M | ||
| Q3 25 | $40.5M | $77.4M | ||
| Q2 25 | $33.2M | $119.4M | ||
| Q1 25 | $155.0M | $-59.3M | ||
| Q4 24 | $153.8M | $154.8M | ||
| Q3 24 | $6.7M | $129.6M | ||
| Q2 24 | $-18.1M | $142.0M | ||
| Q1 24 | $152.2M | $-15.9M |
自由现金流NGLRHI
| Q4 25 | $45.7M | $170.8M | ||
| Q3 25 | $9.5M | $63.6M | ||
| Q2 25 | $11.1M | $104.2M | ||
| Q1 25 | $60.4M | $-71.7M | ||
| Q4 24 | $152.1M | $140.5M | ||
| Q3 24 | $-82.9M | $111.8M | ||
| Q2 24 | $-78.0M | $129.6M | ||
| Q1 24 | $119.8M | $-27.7M |
自由现金流率NGLRHI
| Q4 25 | 5.0% | 13.1% | ||
| Q3 25 | 1.4% | 4.7% | ||
| Q2 25 | 1.8% | 7.6% | ||
| Q1 25 | 6.2% | -5.3% | ||
| Q4 24 | 15.5% | 10.2% | ||
| Q3 24 | -11.0% | 7.6% | ||
| Q2 24 | -10.3% | 8.8% | ||
| Q1 24 | 11.5% | -1.9% |
资本支出强度NGLRHI
| Q4 25 | 15.0% | 0.9% | ||
| Q3 25 | 4.6% | 1.0% | ||
| Q2 25 | 3.6% | 1.1% | ||
| Q1 25 | 9.7% | 0.9% | ||
| Q4 24 | 0.2% | 1.0% | ||
| Q3 24 | 11.8% | 1.2% | ||
| Q2 24 | 7.9% | 0.8% | ||
| Q1 24 | 3.1% | 0.8% |
现金转化率NGLRHI
| Q4 25 | 3.86× | — | ||
| Q3 25 | 1.38× | 1.80× | ||
| Q2 25 | 0.48× | 2.91× | ||
| Q1 25 | 11.29× | -3.42× | ||
| Q4 24 | 11.39× | — | ||
| Q3 24 | 2.74× | 1.98× | ||
| Q2 24 | -1.87× | 2.08× | ||
| Q1 24 | — | -0.25× |
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% |
RHI
| Finance And Accounting | $535.2M | 41% |
| Protiviti | $479.0M | 37% |
| Technology | $156.4M | 12% |
| Permanent Placement Talent Solutions | $102.6M | 8% |
| Other | $29.2M | 2% |
