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SUBURBAN PROPANE PARTNERS LP（SPH）与SUN COMMUNITIES INC（SUI）财务数据对比。点击上方公司名可切换其他公司
SUN COMMUNITIES INC的季度营收约是SUBURBAN PROPANE PARTNERS LP的1.9倍（$697.2M vs $370.4M），SUBURBAN PROPANE PARTNERS LP净利率更高（12.4% vs 1.7%，领先10.6%），SUBURBAN PROPANE PARTNERS LP同比增速更快（-0.8% vs -25.8%），过去两年SUN COMMUNITIES INC的营收复合增速更高（-2.1% vs -13.8%）
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。
Sun Communities是一家上市房地产投资信托基金，核心投资品类为预制住宅社区及房车营地物业。截至2025年6月2日，该公司在美国、加拿大、英国三地合计持有500处相关资产的权益，专注于居住及休闲类不动产投资领域。
SPH vs SUI — 直观对比
营收规模更大
SUI
是对方的1.9倍
$370.4M
营收增速更快
SPH
高出25.0%
-25.8%
净利率更高
SPH
高出10.6%
1.7%
两年增速更快
SUI
近两年复合增速
-13.8%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $370.4M | $697.2M |
| 净利润 | $45.8M | $12.1M |
| 毛利率 | 64.7% | — |
| 营业利润率 | 18.3% | — |
| 净利率 | 12.4% | 1.7% |
| 营收同比 | -0.8% | -25.8% |
| 净利润同比 | 135.7% | -96.0% |
| 每股收益（稀释后） | $0.69 | $0.07 |
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SPHSUI
| Q4 25 | $370.4M | — | ||
| Q3 25 | $211.4M | $697.2M | ||
| Q2 25 | $260.1M | $623.5M | ||
| Q1 25 | $587.7M | $470.2M | ||
| Q4 24 | $373.3M | $745.9M | ||
| Q3 24 | $208.6M | $939.9M | ||
| Q2 24 | $254.6M | $864.0M | ||
| Q1 24 | $498.1M | $671.3M |
净利润SPHSUI
| Q4 25 | $45.8M | — | ||
| Q3 25 | $-35.1M | $12.1M | ||
| Q2 25 | $-14.8M | $1.3B | ||
| Q1 25 | $137.1M | $-41.2M | ||
| Q4 24 | $19.4M | $-228.4M | ||
| Q3 24 | $-44.6M | $300.5M | ||
| Q2 24 | $-17.2M | $56.7M | ||
| Q1 24 | $111.5M | $-25.2M |
毛利率SPHSUI
| Q4 25 | 64.7% | — | ||
| Q3 25 | 64.7% | — | ||
| Q2 25 | 61.7% | — | ||
| Q1 25 | 58.8% | — | ||
| Q4 24 | 60.6% | — | ||
| Q3 24 | 59.4% | — | ||
| Q2 24 | 62.9% | — | ||
| Q1 24 | 61.8% | — |
营业利润率SPHSUI
| Q4 25 | 18.3% | — | ||
| Q3 25 | -7.9% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 27.0% | — | ||
| Q4 24 | 15.8% | — | ||
| Q3 24 | -10.8% | — | ||
| Q2 24 | 3.2% | — | ||
| Q1 24 | 27.5% | — |
净利率SPHSUI
| Q4 25 | 12.4% | — | ||
| Q3 25 | -16.6% | 1.7% | ||
| Q2 25 | -5.7% | 210.8% | ||
| Q1 25 | 23.3% | -8.8% | ||
| Q4 24 | 5.2% | -30.6% | ||
| Q3 24 | -21.4% | 32.0% | ||
| Q2 24 | -6.8% | 6.6% | ||
| Q1 24 | 22.4% | -3.8% |
每股收益（稀释后）SPHSUI
| Q4 25 | $0.69 | — | ||
| Q3 25 | $-0.55 | $0.07 | ||
| Q2 25 | $-0.23 | $10.02 | ||
| Q1 25 | $2.10 | $-0.34 | ||
| Q4 24 | $0.30 | $-1.80 | ||
| Q3 24 | $-0.69 | $2.31 | ||
| Q2 24 | $-0.27 | $0.42 | ||
| Q1 24 | $1.72 | $-0.22 |
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 | $1.3M | $542.7M |
| 总债务越低越好 | $1.3B | — |
| 股东权益账面价值 | — | $7.0B |
| 总资产 | $2.4B | $12.8B |
| 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SPHSUI
| Q4 25 | $1.3M | — | ||
| Q3 25 | $405.0K | $542.7M | ||
| Q2 25 | $1.3M | $889.7M | ||
| Q1 25 | $3.9M | — | ||
| Q4 24 | $4.4M | $47.4M | ||
| Q3 24 | $3.2M | — | ||
| Q2 24 | $4.9M | — | ||
| Q1 24 | $4.4M | — |
总债务SPHSUI
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | $7.4B | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
股东权益SPHSUI
| Q4 25 | — | — | ||
| Q3 25 | — | $7.0B | ||
| Q2 25 | — | $7.4B | ||
| Q1 25 | — | $6.9B | ||
| Q4 24 | — | $7.1B | ||
| Q3 24 | — | $7.5B | ||
| Q2 24 | — | $6.9B | ||
| Q1 24 | — | $6.9B |
总资产SPHSUI
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.3B | $12.8B | ||
| Q2 25 | $2.3B | $13.4B | ||
| Q1 25 | $2.4B | $16.5B | ||
| Q4 24 | $2.4B | $16.5B | ||
| Q3 24 | $2.3B | $17.1B | ||
| Q2 24 | $2.3B | $17.0B | ||
| Q1 24 | $2.3B | $17.1B |
负债/权益比SPHSUI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.04× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | $-47.7M | $197.8M |
| 自由现金流经营现金流 - 资本支出 | $-67.5M | — |
| 自由现金流率自由现金流/营收 | -18.2% | — |
| 资本支出强度资本支出/营收 | 5.3% | — |
| 现金转化率经营现金流/净利润 | -1.04× | 16.35× |
| 过去12个月自由现金流最近4个季度 | $61.9M | — |
8季度趋势，按日历期对齐
经营现金流SPHSUI
| Q4 25 | $-47.7M | — | ||
| Q3 25 | $41.8M | $197.8M | ||
| Q2 25 | $95.5M | $256.0M | ||
| Q1 25 | $40.1M | $243.9M | ||
| Q4 24 | $8.8M | $118.0M | ||
| Q3 24 | $36.8M | $189.2M | ||
| Q2 24 | $61.4M | $311.3M | ||
| Q1 24 | $75.1M | $242.5M |
自由现金流SPHSUI
| Q4 25 | $-67.5M | — | ||
| Q3 25 | $27.7M | — | ||
| Q2 25 | $80.9M | — | ||
| Q1 25 | $20.8M | — | ||
| Q4 24 | $-15.1M | — | ||
| Q3 24 | $17.7M | — | ||
| Q2 24 | $46.8M | — | ||
| Q1 24 | $60.6M | — |
自由现金流率SPHSUI
| Q4 25 | -18.2% | — | ||
| Q3 25 | 13.1% | — | ||
| Q2 25 | 31.1% | — | ||
| Q1 25 | 3.5% | — | ||
| Q4 24 | -4.0% | — | ||
| Q3 24 | 8.5% | — | ||
| Q2 24 | 18.4% | — | ||
| Q1 24 | 12.2% | — |
资本支出强度SPHSUI
| Q4 25 | 5.3% | — | ||
| Q3 25 | 6.7% | — | ||
| Q2 25 | 5.6% | — | ||
| Q1 25 | 3.3% | — | ||
| Q4 24 | 6.4% | — | ||
| Q3 24 | 9.1% | — | ||
| Q2 24 | 5.8% | — | ||
| Q1 24 | 2.9% | — |
现金转化率SPHSUI
| Q4 25 | -1.04× | — | ||
| Q3 25 | — | 16.35× | ||
| Q2 25 | — | 0.19× | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.45× | — | ||
| Q3 24 | — | 0.63× | ||
| Q2 24 | — | 5.49× | ||
| 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
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% |
SUI
暂无分部数据
