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REX AMERICAN RESOURCES Corp（REX）与Westlake Chemical Partners LP（WLKP）财务数据对比。点击上方公司名可切换其他公司
Westlake Chemical Partners LP的季度营收约是REX AMERICAN RESOURCES Corp的1.8倍（$323.0M vs $175.6M）。REX AMERICAN RESOURCES Corp净利率更高（15.6% vs 4.5%，领先11.1%）。Westlake Chemical Partners LP同比增速更快（11.4% vs 0.4%）。Westlake Chemical Partners LP自由现金流更多（$111.5M vs $24.5M）。过去两年Westlake Chemical Partners LP的营收复合增速更高（6.5% vs -3.2%）
REX美国资源公司是一家美国能源企业，1980年成立，总部位于俄亥俄州代顿市。公司主营乙醇、酒糟与天然气的生产及零售，同时也对能源相关企业进行投资控股。目前全资拥有三家关联企业，截至2012年，公司旗下拥有22家全国性零售门店，并参股了五个乙醇生产项目。
Westlake Chemical Partners LP是一家石化领域有限合伙企业，主营乙烯、聚乙烯、苯乙烯单体等基础石化产品的生产与销售，核心市场覆盖北美地区，服务包装、建材、消费品、工业制造等下游行业客户。
REX vs WLKP — 直观对比
损益表 — Q3 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $175.6M | $323.0M |
| 净利润 | $27.5M | $14.5M |
| 毛利率 | 20.6% | 30.0% |
| 营业利润率 | 20.2% | 27.8% |
| 净利率 | 15.6% | 4.5% |
| 营收同比 | 0.4% | 11.4% |
| 净利润同比 | -8.7% | -3.0% |
| 每股收益（稀释后） | $0.71 | — |
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
| Q4 25 | $175.6M | $323.0M | ||
| Q3 25 | $158.6M | $308.9M | ||
| Q2 25 | $158.3M | $297.1M | ||
| Q1 25 | $158.2M | $237.6M | ||
| Q4 24 | $174.9M | $290.1M | ||
| Q3 24 | $148.2M | $277.0M | ||
| Q2 24 | $161.2M | $284.2M | ||
| Q1 24 | $187.6M | $284.7M |
| Q4 25 | $27.5M | $14.5M | ||
| Q3 25 | $9.3M | $14.7M | ||
| Q2 25 | $10.7M | $14.6M | ||
| Q1 25 | $14.1M | $4.9M | ||
| Q4 24 | $30.1M | $15.0M | ||
| Q3 24 | $15.0M | $18.1M | ||
| Q2 24 | $12.3M | $14.4M | ||
| Q1 24 | $25.3M | $14.8M |
| Q4 25 | 20.6% | 30.0% | ||
| Q3 25 | 9.0% | 32.2% | ||
| Q2 25 | 9.1% | 32.8% | ||
| Q1 25 | 11.1% | 22.8% | ||
| Q4 24 | 22.7% | 34.0% | ||
| Q3 24 | 13.3% | 42.2% | ||
| Q2 24 | 9.0% | 35.6% | ||
| Q1 24 | 16.2% | 35.9% |
| Q4 25 | 20.2% | 27.8% | ||
| Q3 25 | — | 29.8% | ||
| Q2 25 | — | 30.7% | ||
| Q1 25 | 11.3% | 19.6% | ||
| Q4 24 | 22.6% | 31.7% | ||
| Q3 24 | 13.2% | 39.6% | ||
| Q2 24 | 9.9% | 32.9% | ||
| Q1 24 | 17.3% | 33.4% |
| Q4 25 | 15.6% | 4.5% | ||
| Q3 25 | 5.9% | 4.7% | ||
| Q2 25 | 6.7% | 4.9% | ||
| Q1 25 | 8.9% | 2.1% | ||
| Q4 24 | 17.2% | 5.2% | ||
| Q3 24 | 10.1% | 6.5% | ||
| Q2 24 | 7.6% | 5.1% | ||
| Q1 24 | 13.5% | 5.2% |
| Q4 25 | $0.71 | — | ||
| Q3 25 | $0.43 | — | ||
| Q2 25 | $0.51 | — | ||
| Q1 25 | $-0.32 | — | ||
| Q4 24 | $0.69 | — | ||
| Q3 24 | $0.70 | — | ||
| Q2 24 | $0.58 | — | ||
| Q1 24 | $-0.58 | — |
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 | $335.5M | $44.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $566.9M | — |
| 总资产 | $750.1M | $1.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $335.5M | $44.3M | ||
| Q3 25 | $310.5M | $37.9M | ||
| Q2 25 | $315.9M | $36.6M | ||
| Q1 25 | $359.1M | $49.6M | ||
| Q4 24 | $365.1M | $58.3M | ||
| Q3 24 | $346.0M | $60.2M | ||
| Q2 24 | $351.8M | $66.0M | ||
| Q1 24 | $378.7M | $55.8M |
| Q4 25 | $566.9M | — | ||
| Q3 25 | $545.8M | — | ||
| Q2 25 | $536.4M | — | ||
| Q1 25 | $560.3M | — | ||
| Q4 24 | $564.5M | — | ||
| Q3 24 | $539.6M | — | ||
| Q2 24 | $524.5M | — | ||
| Q1 24 | $513.9M | — |
| Q4 25 | $750.1M | $1.3B | ||
| Q3 25 | $700.6M | $1.3B | ||
| Q2 25 | $693.8M | $1.3B | ||
| Q1 25 | $720.0M | $1.4B | ||
| Q4 24 | $715.7M | $1.3B | ||
| Q3 24 | $680.0M | $1.3B | ||
| Q2 24 | $671.0M | $1.3B | ||
| Q1 24 | $664.8M | $1.3B |
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 | $51.2M | $120.4M |
| 自由现金流经营现金流 - 资本支出 | $24.5M | $111.5M |
| 自由现金流率自由现金流/营收 | 14.0% | 34.5% |
| 资本支出强度资本支出/营收 | 15.2% | 2.7% |
| 现金转化率经营现金流/净利润 | 1.87× | 8.28× |
| 过去12个月自由现金流最近4个季度 | $17.6M | $201.7M |
8季度趋势，按日历期对齐
| Q4 25 | $51.2M | $120.4M | ||
| Q3 25 | $16.3M | $105.2M | ||
| Q2 25 | $-3.5M | $9.1M | ||
| Q1 25 | $25.1M | $45.8M | ||
| Q4 24 | $33.4M | $132.5M | ||
| Q3 24 | $8.0M | $126.1M | ||
| Q2 24 | $-2.3M | $121.9M | ||
| Q1 24 | $62.5M | $104.6M |
| Q4 25 | $24.5M | $111.5M | ||
| Q3 25 | $-5.7M | $75.6M | ||
| Q2 25 | $-10.4M | $-15.3M | ||
| Q1 25 | $9.2M | $29.8M | ||
| Q4 24 | $18.2M | $119.0M | ||
| Q3 24 | $-7.4M | $110.5M | ||
| Q2 24 | $-27.1M | $111.7M | ||
| Q1 24 | $47.2M | $94.8M |
| Q4 25 | 14.0% | 34.5% | ||
| Q3 25 | -3.6% | 24.5% | ||
| Q2 25 | -6.6% | -5.2% | ||
| Q1 25 | 5.8% | 12.6% | ||
| Q4 24 | 10.4% | 41.0% | ||
| Q3 24 | -5.0% | 39.9% | ||
| Q2 24 | -16.8% | 39.3% | ||
| Q1 24 | 25.2% | 33.3% |
| Q4 25 | 15.2% | 2.7% | ||
| Q3 25 | 13.9% | 9.6% | ||
| Q2 25 | 4.4% | 8.2% | ||
| Q1 25 | 10.0% | 6.7% | ||
| Q4 24 | 8.7% | 4.6% | ||
| Q3 24 | 10.4% | 5.6% | ||
| Q2 24 | 15.4% | 3.6% | ||
| Q1 24 | 8.2% | 3.4% |
| Q4 25 | 1.87× | 8.28× | ||
| Q3 25 | 1.75× | 7.18× | ||
| Q2 25 | -0.33× | 0.62× | ||
| Q1 25 | 1.78× | 9.25× | ||
| Q4 24 | 1.11× | 8.83× | ||
| Q3 24 | 0.53× | 6.95× | ||
| Q2 24 | -0.18× | 8.45× | ||
| Q1 24 | 2.47× | 7.05× |
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
REX
| Ethanol | $136.0M | 77% |
| Dried Distillers Grains | $22.4M | 13% |
| Distillers Corn Oil | $16.4M | 9% |
| Modified Distillers Grains | $1.2M | 1% |
WLKP
| Affiliated Entity | $296.9M | 92% |
| Nonrelated Party | $26.2M | 8% |
