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NGL Energy Partners LP（NGL）与Rithm Capital Corp.（RITM）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Rithm Capital Corp.的1.1倍（$909.8M vs $828.2M），Rithm Capital Corp.净利率更高（13.2% vs 5.2%，领先8.0%），Rithm Capital Corp.同比增速更快（-40.0% vs -41.3%），过去两年NGL Energy Partners LP的营收复合增速更高（-6.4% vs -17.9%）
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。
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
NGL vs RITM — 直观对比
营收规模更大
NGL
是对方的1.1倍
$828.2M
营收增速更快
RITM
高出1.3%
-41.3%
净利率更高
RITM
高出8.0%
5.2%
两年增速更快
NGL
近两年复合增速
-17.9%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $909.8M | $828.2M |
| 净利润 | $47.2M | $109.5M |
| 毛利率 | 29.0% | — |
| 营业利润率 | 12.1% | — |
| 净利率 | 5.2% | 13.2% |
| 营收同比 | -41.3% | -40.0% |
| 净利润同比 | 249.3% | 20.9% |
| 每股收益（稀释后） | — | $0.12 |
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NGLRITM
| Q1 26 | — | $828.2M | ||
| Q4 25 | $909.8M | $1.5B | ||
| Q3 25 | $674.7M | $1.1B | ||
| Q2 25 | $622.2M | $1.2B | ||
| Q1 25 | $971.1M | $768.4M | ||
| Q4 24 | $982.4M | $2.1B | ||
| Q3 24 | $756.5M | $619.5M | ||
| Q2 24 | $759.2M | $1.2B |
净利润NGLRITM
| Q1 26 | — | $109.5M | ||
| Q4 25 | $47.2M | $85.0M | ||
| Q3 25 | $29.3M | $221.5M | ||
| Q2 25 | $68.9M | $311.7M | ||
| Q1 25 | $13.7M | $78.8M | ||
| Q4 24 | $13.5M | $290.2M | ||
| Q3 24 | $2.5M | $121.7M | ||
| Q2 24 | $9.7M | $235.6M |
毛利率NGLRITM
| Q1 26 | — | — | ||
| 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% | — |
营业利润率NGLRITM
| Q1 26 | — | — | ||
| Q4 25 | 12.1% | 13.8% | ||
| Q3 25 | 14.0% | 21.4% | ||
| Q2 25 | 15.7% | 25.2% | ||
| Q1 25 | 8.4% | 7.4% | ||
| Q4 24 | 8.6% | 23.8% | ||
| Q3 24 | 10.8% | 7.3% | ||
| Q2 24 | 10.8% | 23.6% |
净利率NGLRITM
| Q1 26 | — | 13.2% | ||
| Q4 25 | 5.2% | 5.7% | ||
| Q3 25 | 4.3% | 20.0% | ||
| Q2 25 | 11.1% | 25.6% | ||
| Q1 25 | 1.4% | 10.3% | ||
| Q4 24 | 1.4% | 14.0% | ||
| Q3 24 | 0.3% | 19.7% | ||
| Q2 24 | 1.3% | 19.2% |
每股收益（稀释后）NGLRITM
| Q1 26 | — | $0.12 | ||
| Q4 25 | — | $0.09 | ||
| Q3 25 | — | $0.35 | ||
| Q2 25 | — | $0.53 | ||
| Q1 25 | — | $0.07 | ||
| Q4 24 | — | $0.50 | ||
| Q3 24 | — | $0.20 | ||
| Q2 24 | — | $0.43 |
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 | — |
| 股东权益账面价值 | — | $9.1B |
| 总资产 | $4.4B | $53.4B |
| 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NGLRITM
| Q1 26 | — | — | ||
| Q4 25 | $6.5M | $1.8B | ||
| Q3 25 | $8.7M | $1.6B | ||
| Q2 25 | $5.4M | $1.6B | ||
| Q1 25 | $13.5M | $1.5B | ||
| Q4 24 | $5.7M | $1.5B | ||
| Q3 24 | $4.5M | $1.6B | ||
| Q2 24 | $5.3M | $1.2B |
总债务NGLRITM
| Q1 26 | — | — | ||
| Q4 25 | $2.9B | $35.4B | ||
| Q3 25 | $2.9B | $32.2B | ||
| Q2 25 | $2.9B | $31.2B | ||
| Q1 25 | $3.0B | $32.2B | ||
| Q4 24 | $3.1B | $32.6B | ||
| Q3 24 | $3.1B | $29.6B | ||
| Q2 24 | $3.0B | $30.1B |
股东权益NGLRITM
| Q1 26 | — | $9.1B | ||
| Q4 25 | — | $8.4B | ||
| Q3 25 | — | $8.5B | ||
| Q2 25 | — | $7.9B | ||
| Q1 25 | — | $7.8B | ||
| Q4 24 | — | $7.8B | ||
| Q3 24 | — | $7.7B | ||
| Q2 24 | — | $7.3B |
总资产NGLRITM
| Q1 26 | — | $53.4B | ||
| Q4 25 | $4.4B | $53.1B | ||
| Q3 25 | $4.3B | $47.2B | ||
| Q2 25 | $4.2B | $44.3B | ||
| Q1 25 | $4.6B | $45.3B | ||
| Q4 24 | $4.8B | $46.0B | ||
| Q3 24 | $4.9B | $42.3B | ||
| Q2 24 | $4.8B | $42.0B |
负债/权益比NGLRITM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.20× | ||
| Q3 25 | — | 3.79× | ||
| Q2 25 | — | 3.92× | ||
| Q1 25 | — | 4.14× | ||
| Q4 24 | — | 4.18× | ||
| Q3 24 | — | 3.87× | ||
| Q2 24 | — | 4.10× |
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 | — |
| 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% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流NGLRITM
| Q1 26 | — | — | ||
| Q4 25 | $182.3M | $-114.6M | ||
| Q3 25 | $40.5M | $-2.0B | ||
| Q2 25 | $33.2M | $-557.1M | ||
| Q1 25 | $155.0M | $1.4B | ||
| Q4 24 | $153.8M | $-1.8B | ||
| Q3 24 | $6.7M | $768.1M | ||
| Q2 24 | $-18.1M | $-55.7M |
自由现金流NGLRITM
| Q1 26 | — | — | ||
| Q4 25 | $45.7M | — | ||
| Q3 25 | $9.5M | — | ||
| Q2 25 | $11.1M | — | ||
| Q1 25 | $60.4M | — | ||
| Q4 24 | $152.1M | — | ||
| Q3 24 | $-82.9M | — | ||
| Q2 24 | $-78.0M | — |
自由现金流率NGLRITM
| Q1 26 | — | — | ||
| Q4 25 | 5.0% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 6.2% | — | ||
| Q4 24 | 15.5% | — | ||
| Q3 24 | -11.0% | — | ||
| Q2 24 | -10.3% | — |
资本支出强度NGLRITM
| Q1 26 | — | — | ||
| Q4 25 | 15.0% | — | ||
| Q3 25 | 4.6% | — | ||
| Q2 25 | 3.6% | — | ||
| Q1 25 | 9.7% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 11.8% | — | ||
| Q2 24 | 7.9% | — |
现金转化率NGLRITM
| Q1 26 | — | — | ||
| Q4 25 | 3.86× | -1.35× | ||
| Q3 25 | 1.38× | -9.22× | ||
| Q2 25 | 0.48× | -1.79× | ||
| Q1 25 | 11.29× | 18.03× | ||
| Q4 24 | 11.39× | -6.04× | ||
| Q3 24 | 2.74× | 6.31× | ||
| Q2 24 | -1.87× | -0.24× |
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% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
