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NGL Energy Partners LP（NGL）与Steris（STE）财务数据对比。点击上方公司名可切换其他公司
Steris的季度营收约是NGL Energy Partners LP的1.6倍（$1.5B vs $909.8M），Steris净利率更高（12.9% vs 5.2%，领先7.7%），Steris同比增速更快（9.2% vs -41.3%），Steris自由现金流更多（$199.5M vs $45.7M），过去两年Steris的营收复合增速更高（15.8% 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。
Steris plc是一家美爱合资的医疗设备企业，专注于为美国医疗体系提供灭菌服务及外科手术相关产品。其实际运营总部位于美国俄亥俄州门托市，深耕医疗消毒、感染防控、手术耗材等领域，为医疗机构提供专业可靠的医疗解决方案。
NGL vs STE — 直观对比
营收规模更大
STE
是对方的1.6倍
$909.8M
营收增速更快
STE
高出50.4%
-41.3%
净利率更高
STE
高出7.7%
5.2%
自由现金流更多
STE
多$153.8M
$45.7M
两年增速更快
STE
近两年复合增速
-6.4%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $909.8M | $1.5B |
| 净利润 | $47.2M | $192.9M |
| 毛利率 | 29.0% | 43.8% |
| 营业利润率 | 12.1% | 18.3% |
| 净利率 | 5.2% | 12.9% |
| 营收同比 | -41.3% | 9.2% |
| 净利润同比 | 249.3% | 11.2% |
| 每股收益（稀释后） | — | $1.96 |
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NGLSTE
| Q4 25 | $909.8M | $1.5B | ||
| Q3 25 | $674.7M | $1.5B | ||
| Q2 25 | $622.2M | $1.4B | ||
| Q1 25 | $971.1M | $1.5B | ||
| Q4 24 | $982.4M | $1.4B | ||
| Q3 24 | $756.5M | $1.3B | ||
| Q2 24 | $759.2M | $1.3B | ||
| Q1 24 | $1.0B | $1.1B |
净利润NGLSTE
| Q4 25 | $47.2M | $192.9M | ||
| Q3 25 | $29.3M | $191.9M | ||
| Q2 25 | $68.9M | $177.4M | ||
| Q1 25 | $13.7M | $145.7M | ||
| Q4 24 | $13.5M | $173.5M | ||
| Q3 24 | $2.5M | $150.0M | ||
| Q2 24 | $9.7M | $145.4M | ||
| Q1 24 | $-236.8M | $-1.4M |
毛利率NGLSTE
| Q4 25 | 29.0% | 43.8% | ||
| Q3 25 | 37.6% | 44.2% | ||
| Q2 25 | 38.5% | 45.1% | ||
| Q1 25 | 26.9% | 43.3% | ||
| Q4 24 | 25.1% | 44.5% | ||
| Q3 24 | 30.9% | 43.6% | ||
| Q2 24 | 29.0% | 44.7% | ||
| Q1 24 | 21.8% | 40.2% |
营业利润率NGLSTE
| Q4 25 | 12.1% | 18.3% | ||
| Q3 25 | 14.0% | 18.2% | ||
| Q2 25 | 15.7% | 17.7% | ||
| Q1 25 | 8.4% | 14.6% | ||
| Q4 24 | 8.6% | 17.9% | ||
| Q3 24 | 10.8% | 16.5% | ||
| Q2 24 | 10.8% | 14.5% | ||
| Q1 24 | -9.4% | 22.0% |
净利率NGLSTE
| Q4 25 | 5.2% | 12.9% | ||
| Q3 25 | 4.3% | 13.1% | ||
| Q2 25 | 11.1% | 12.8% | ||
| Q1 25 | 1.4% | 9.8% | ||
| Q4 24 | 1.4% | 12.7% | ||
| Q3 24 | 0.3% | 11.3% | ||
| Q2 24 | 1.3% | 11.4% | ||
| Q1 24 | -22.8% | -0.1% |
每股收益（稀释后）NGLSTE
| Q4 25 | — | $1.96 | ||
| Q3 25 | — | $1.94 | ||
| Q2 25 | — | $1.79 | ||
| Q1 25 | — | $1.48 | ||
| Q4 24 | — | $1.75 | ||
| Q3 24 | — | $1.51 | ||
| Q2 24 | — | $1.46 | ||
| Q1 24 | — | $-0.02 |
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 | $423.7M |
| 总债务越低越好 | $2.9B | $1.9B |
| 股东权益账面价值 | — | $7.2B |
| 总资产 | $4.4B | $10.6B |
| 负债/权益比越低杠杆越低 | — | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资NGLSTE
| Q4 25 | $6.5M | $423.7M | ||
| Q3 25 | $8.7M | $319.2M | ||
| Q2 25 | $5.4M | $279.7M | ||
| Q1 25 | $13.5M | $171.7M | ||
| Q4 24 | $5.7M | $155.2M | ||
| Q3 24 | $4.5M | $172.2M | ||
| Q2 24 | $5.3M | $198.3M | ||
| Q1 24 | $38.9M | $207.0M |
总债务NGLSTE
| Q4 25 | $2.9B | $1.9B | ||
| Q3 25 | $2.9B | $1.9B | ||
| Q2 25 | $2.9B | $1.9B | ||
| Q1 25 | $3.0B | $1.9B | ||
| Q4 24 | $3.1B | $2.0B | ||
| Q3 24 | $3.1B | $2.2B | ||
| Q2 24 | $3.0B | $2.2B | ||
| Q1 24 | $2.9B | $3.1B |
股东权益NGLSTE
| Q4 25 | — | $7.2B | ||
| Q3 25 | — | $7.0B | ||
| Q2 25 | — | $7.0B | ||
| Q1 25 | — | $6.6B | ||
| Q4 24 | — | $6.4B | ||
| Q3 24 | — | $6.6B | ||
| Q2 24 | — | $6.4B | ||
| Q1 24 | — | $6.3B |
总资产NGLSTE
| Q4 25 | $4.4B | $10.6B | ||
| Q3 25 | $4.3B | $10.4B | ||
| Q2 25 | $4.2B | $10.4B | ||
| Q1 25 | $4.6B | $10.1B | ||
| Q4 24 | $4.8B | $10.0B | ||
| Q3 24 | $4.9B | $10.2B | ||
| Q2 24 | $4.8B | $10.1B | ||
| Q1 24 | $5.0B | $11.1B |
负债/权益比NGLSTE
| Q4 25 | — | 0.27× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.27× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.33× | ||
| Q2 24 | — | 0.35× | ||
| Q1 24 | — | 0.50× |
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 | $298.2M |
| 自由现金流经营现金流 - 资本支出 | $45.7M | $199.5M |
| 自由现金流率自由现金流/营收 | 5.0% | 13.3% |
| 资本支出强度资本支出/营收 | 15.0% | 6.6% |
| 现金转化率经营现金流/净利润 | 3.86× | 1.55× |
| 过去12个月自由现金流最近4个季度 | $126.7M | $917.1M |
8季度趋势，按日历期对齐
经营现金流NGLSTE
| Q4 25 | $182.3M | $298.2M | ||
| Q3 25 | $40.5M | $287.8M | ||
| Q2 25 | $33.2M | $420.0M | ||
| Q1 25 | $155.0M | $260.8M | ||
| Q4 24 | $153.8M | $332.8M | ||
| Q3 24 | $6.7M | $250.7M | ||
| Q2 24 | $-18.1M | $303.7M | ||
| Q1 24 | $152.2M | $254.8M |
自由现金流NGLSTE
| Q4 25 | $45.7M | $199.5M | ||
| Q3 25 | $9.5M | $201.3M | ||
| Q2 25 | $11.1M | $326.4M | ||
| Q1 25 | $60.4M | $189.9M | ||
| Q4 24 | $152.1M | $243.6M | ||
| Q3 24 | $-82.9M | $148.8M | ||
| Q2 24 | $-78.0M | $195.7M | ||
| Q1 24 | $119.8M | $163.3M |
自由现金流率NGLSTE
| Q4 25 | 5.0% | 13.3% | ||
| Q3 25 | 1.4% | 13.8% | ||
| Q2 25 | 1.8% | 23.5% | ||
| Q1 25 | 6.2% | 12.8% | ||
| Q4 24 | 15.5% | 17.8% | ||
| Q3 24 | -11.0% | 11.2% | ||
| Q2 24 | -10.3% | 15.3% | ||
| Q1 24 | 11.5% | 14.6% |
资本支出强度NGLSTE
| Q4 25 | 15.0% | 6.6% | ||
| Q3 25 | 4.6% | 5.9% | ||
| Q2 25 | 3.6% | 6.7% | ||
| Q1 25 | 9.7% | 4.8% | ||
| Q4 24 | 0.2% | 6.5% | ||
| Q3 24 | 11.8% | 7.7% | ||
| Q2 24 | 7.9% | 8.4% | ||
| Q1 24 | 3.1% | 8.2% |
现金转化率NGLSTE
| Q4 25 | 3.86× | 1.55× | ||
| Q3 25 | 1.38× | 1.50× | ||
| Q2 25 | 0.48× | 2.37× | ||
| Q1 25 | 11.29× | 1.79× | ||
| Q4 24 | 11.39× | 1.92× | ||
| Q3 24 | 2.74× | 1.67× | ||
| Q2 24 | -1.87× | 2.09× | ||
| 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% |
STE
| Servicerevenues | $404.7M | 27% |
| Consumablerevenues | $387.1M | 26% |
| Applied Sterilization Technologies | $286.6M | 19% |
| Capitalequipmentrevenues | $272.1M | 18% |
| Life Science | $145.8M | 10% |
