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Penguin Solutions, Inc.（PENG）与SUBURBAN PROPANE PARTNERS LP（SPH）财务数据对比。点击上方公司名可切换其他公司
SUBURBAN PROPANE PARTNERS LP的季度营收约是Penguin Solutions, Inc.的1.1倍（$370.4M vs $343.1M），SUBURBAN PROPANE PARTNERS LP净利率更高（12.4% vs 1.5%，领先10.8%），Penguin Solutions, Inc.同比增速更快（0.6% vs -0.8%），Penguin Solutions, Inc.自由现金流更多（$28.2M vs $-67.5M），过去两年Penguin Solutions, Inc.的营收复合增速更高（11.8% vs -13.8%）
企鹅解决方案公司旗下的兰波集团以拉姆齐解决方案品牌开展业务，是一家美国企业，业务涵盖个人理财、领导力发展、人际关系管理与职业发展相关产品与服务。该公司由戴夫·拉姆齐与妻子莎伦于1991年创立，总部位于田纳西州富兰克林。
Suburban Propane Partners LP是美国领先的丙烷、天然气、取暖油及相关能源产品分销商，服务覆盖住宅、商业、工业、农业等各类客户，同时提供暖通空调系统的安装、维护与维修服务，业务范围遍布全美。
PENG vs SPH — 直观对比
营收规模更大
SPH
是对方的1.1倍
$343.1M
营收增速更快
PENG
高出1.4%
-0.8%
净利率更高
SPH
高出10.8%
1.5%
自由现金流更多
PENG
多$95.7M
$-67.5M
两年增速更快
PENG
近两年复合增速
-13.8%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $343.1M | $370.4M |
| 净利润 | $5.3M | $45.8M |
| 毛利率 | 28.0% | 64.7% |
| 营业利润率 | 5.7% | 18.3% |
| 净利率 | 1.5% | 12.4% |
| 营收同比 | 0.6% | -0.8% |
| 净利润同比 | 1.0% | 135.7% |
| 每股收益（稀释后） | $0.04 | $0.69 |
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PENGSPH
| Q4 25 | $343.1M | $370.4M | ||
| Q3 25 | $337.9M | $211.4M | ||
| Q2 25 | $324.3M | $260.1M | ||
| Q1 25 | $365.5M | $587.7M | ||
| Q4 24 | $341.1M | $373.3M | ||
| Q3 24 | $284.8M | $208.6M | ||
| Q2 24 | $300.6M | $254.6M | ||
| Q1 24 | — | $498.1M |
净利润PENGSPH
| Q4 25 | $5.3M | $45.8M | ||
| Q3 25 | $9.4M | $-35.1M | ||
| Q2 25 | $2.7M | $-14.8M | ||
| Q1 25 | $8.1M | $137.1M | ||
| Q4 24 | $5.2M | $19.4M | ||
| Q3 24 | — | $-44.6M | ||
| Q2 24 | $5.6M | $-17.2M | ||
| Q1 24 | — | $111.5M |
毛利率PENGSPH
| Q4 25 | 28.0% | 64.7% | ||
| Q3 25 | 28.6% | 64.7% | ||
| Q2 25 | 29.3% | 61.7% | ||
| Q1 25 | 28.6% | 58.8% | ||
| Q4 24 | 28.7% | 60.6% | ||
| Q3 24 | 28.8% | 59.4% | ||
| Q2 24 | 29.6% | 62.9% | ||
| Q1 24 | — | 61.8% |
营业利润率PENGSPH
| Q4 25 | 5.7% | 18.3% | ||
| Q3 25 | 3.7% | -7.9% | ||
| Q2 25 | 3.0% | 2.1% | ||
| Q1 25 | 5.1% | 27.0% | ||
| Q4 24 | 5.1% | 15.8% | ||
| Q3 24 | -1.2% | -10.8% | ||
| Q2 24 | 3.8% | 3.2% | ||
| Q1 24 | — | 27.5% |
净利率PENGSPH
| Q4 25 | 1.5% | 12.4% | ||
| Q3 25 | 2.8% | -16.6% | ||
| Q2 25 | 0.8% | -5.7% | ||
| Q1 25 | 2.2% | 23.3% | ||
| Q4 24 | 1.5% | 5.2% | ||
| Q3 24 | — | -21.4% | ||
| Q2 24 | 1.9% | -6.8% | ||
| Q1 24 | — | 22.4% |
每股收益（稀释后）PENGSPH
| Q4 25 | $0.04 | $0.69 | ||
| Q3 25 | $0.10 | $-0.55 | ||
| Q2 25 | $-0.01 | $-0.23 | ||
| Q1 25 | $0.09 | $2.10 | ||
| Q4 24 | $0.10 | $0.30 | ||
| Q3 24 | — | $-0.69 | ||
| Q2 24 | $0.10 | $-0.27 | ||
| Q1 24 | — | $1.72 |
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 | $461.5M | $1.3M |
| 总债务越低越好 | $462.3M | $1.3B |
| 股东权益账面价值 | $389.7M | — |
| 总资产 | $1.6B | $2.4B |
| 负债/权益比越低杠杆越低 | 1.19× | — |
8季度趋势，按日历期对齐
现金及短期投资PENGSPH
| Q4 25 | $461.5M | $1.3M | ||
| Q3 25 | $453.8M | $405.0K | ||
| Q2 25 | $735.5M | $1.3M | ||
| Q1 25 | $647.0M | $3.9M | ||
| Q4 24 | $393.7M | $4.4M | ||
| Q3 24 | $389.5M | $3.2M | ||
| Q2 24 | $467.5M | $4.9M | ||
| Q1 24 | — | $4.4M |
总债务PENGSPH
| Q4 25 | $462.3M | $1.3B | ||
| Q3 25 | $461.8M | $1.2B | ||
| Q2 25 | $659.5M | $1.2B | ||
| Q1 25 | $658.8M | $1.3B | ||
| Q4 24 | $658.1M | $1.3B | ||
| Q3 24 | $657.3M | $1.2B | ||
| Q2 24 | $667.0M | $1.2B | ||
| Q1 24 | — | $1.2B |
股东权益PENGSPH
| Q4 25 | $389.7M | — | ||
| Q3 25 | $394.2M | — | ||
| Q2 25 | $584.8M | — | ||
| Q1 25 | $602.5M | — | ||
| Q4 24 | $400.4M | — | ||
| Q3 24 | $391.4M | — | ||
| Q2 24 | $423.4M | — | ||
| Q1 24 | — | — |
总资产PENGSPH
| Q4 25 | $1.6B | $2.4B | ||
| Q3 25 | $1.6B | $2.3B | ||
| Q2 25 | $1.8B | $2.3B | ||
| Q1 25 | $1.8B | $2.4B | ||
| Q4 24 | $1.6B | $2.4B | ||
| Q3 24 | $1.5B | $2.3B | ||
| Q2 24 | $1.5B | $2.3B | ||
| Q1 24 | — | $2.3B |
负债/权益比PENGSPH
| Q4 25 | 1.19× | — | ||
| Q3 25 | 1.17× | — | ||
| Q2 25 | 1.13× | — | ||
| Q1 25 | 1.09× | — | ||
| Q4 24 | 1.64× | — | ||
| Q3 24 | 1.68× | — | ||
| Q2 24 | 1.58× | — | ||
| Q1 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 | $31.1M | $-47.7M |
| 自由现金流经营现金流 - 资本支出 | $28.2M | $-67.5M |
| 自由现金流率自由现金流/营收 | 8.2% | -18.2% |
| 资本支出强度资本支出/营收 | 0.8% | 5.3% |
| 现金转化率经营现金流/净利润 | 5.89× | -1.04× |
| 过去12个月自由现金流最近4个季度 | $116.3M | $61.9M |
8季度趋势，按日历期对齐
经营现金流PENGSPH
| Q4 25 | $31.1M | $-47.7M | ||
| Q3 25 | $-70.4M | $41.8M | ||
| Q2 25 | $92.8M | $95.5M | ||
| Q1 25 | $72.9M | $40.1M | ||
| Q4 24 | $13.8M | $8.8M | ||
| Q3 24 | — | $36.8M | ||
| Q2 24 | $57.9M | $61.4M | ||
| Q1 24 | — | $75.1M |
自由现金流PENGSPH
| Q4 25 | $28.2M | $-67.5M | ||
| Q3 25 | $-73.4M | $27.7M | ||
| Q2 25 | $90.9M | $80.9M | ||
| Q1 25 | $70.5M | $20.8M | ||
| Q4 24 | $12.0M | $-15.1M | ||
| Q3 24 | — | $17.7M | ||
| Q2 24 | $48.9M | $46.8M | ||
| Q1 24 | — | $60.6M |
自由现金流率PENGSPH
| Q4 25 | 8.2% | -18.2% | ||
| Q3 25 | -21.7% | 13.1% | ||
| Q2 25 | 28.0% | 31.1% | ||
| Q1 25 | 19.3% | 3.5% | ||
| Q4 24 | 3.5% | -4.0% | ||
| Q3 24 | — | 8.5% | ||
| Q2 24 | 16.3% | 18.4% | ||
| Q1 24 | — | 12.2% |
资本支出强度PENGSPH
| Q4 25 | 0.8% | 5.3% | ||
| Q3 25 | 0.9% | 6.7% | ||
| Q2 25 | 0.6% | 5.6% | ||
| Q1 25 | 0.6% | 3.3% | ||
| Q4 24 | 0.5% | 6.4% | ||
| Q3 24 | — | 9.1% | ||
| Q2 24 | 3.0% | 5.8% | ||
| Q1 24 | — | 2.9% |
现金转化率PENGSPH
| Q4 25 | 5.89× | -1.04× | ||
| Q3 25 | -7.47× | — | ||
| Q2 25 | 34.88× | — | ||
| Q1 25 | 9.02× | 0.29× | ||
| Q4 24 | 2.65× | 0.45× | ||
| Q3 24 | — | — | ||
| Q2 24 | 10.30× | — | ||
| Q1 24 | — | 0.67× |
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
PENG
| Integrated Memory Segment | $171.6M | 50% |
| Advanced Computing Segment | $115.7M | 34% |
| Optimized LED Segment | $55.7M | 16% |
SPH
| Propane | $326.4M | 88% |
| Other Sales Revenue Net | $19.9M | 5% |
| Fuel Oil And Refined Fuels | $18.2M | 5% |
| Natural Gas And Electricity | $5.9M | 2% |
| Wholesale | $4.1M | 1% |
