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Sunoco LP（SUN）与美国合众银行（USB）财务数据对比。点击上方公司名可切换其他公司
Sunoco LP的季度营收约是美国合众银行的1.2倍（$8.6B vs $7.4B），美国合众银行净利率更高（27.8% vs 1.2%，领先26.6%），Sunoco LP同比增速更快（63.2% vs 5.1%），过去两年Sunoco LP的营收复合增速更高（25.1% vs 4.7%）
Sunoco LP是总部位于美国得克萨斯州达拉斯的业主有限合伙企业，在特拉华州注册成立，历史最早可追溯至1886年。公司最初为垂直一体化能源企业，现已转型为燃油分销商及能源基础设施运营商，此前曾涉足油气勘探开采、炼化、化工生产及燃油零售业务，目前上述业务均已剥离。
美国合众银行是美国跨国银行机构，总部位于明尼苏达州明尼阿波利斯，在特拉华州注册成立。截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为系统重要性机构，旗下核心运营主体提供银行、投资、按揭等多元金融服务。
SUN vs USB — 直观对比
营收规模更大
SUN
是对方的1.2倍
$7.4B
营收增速更快
SUN
高出58.1%
5.1%
净利率更高
USB
高出26.6%
1.2%
两年增速更快
SUN
近两年复合增速
4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.6B | $7.4B |
| 净利润 | $101.0M | $2.0B |
| 毛利率 | 10.7% | — |
| 营业利润率 | 2.1% | 34.4% |
| 净利率 | 1.2% | 27.8% |
| 营收同比 | 63.2% | 5.1% |
| 净利润同比 | -28.4% | 23.0% |
| 每股收益（稀释后） | — | $1.26 |
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SUNUSB
| Q4 25 | $8.6B | $7.4B | ||
| Q3 25 | $6.0B | $7.3B | ||
| Q2 25 | $5.4B | $7.0B | ||
| Q1 25 | $5.2B | $7.0B | ||
| Q4 24 | $5.3B | $7.0B | ||
| Q3 24 | $5.8B | $6.9B | ||
| Q2 24 | $6.2B | $6.9B | ||
| Q1 24 | $5.5B | $6.7B |
净利润SUNUSB
| Q4 25 | $101.0M | $2.0B | ||
| Q3 25 | $133.0M | $2.0B | ||
| Q2 25 | $86.0M | $1.8B | ||
| Q1 25 | $207.0M | $1.7B | ||
| Q4 24 | $141.0M | $1.7B | ||
| Q3 24 | $2.0M | $1.7B | ||
| Q2 24 | $493.0M | $1.6B | ||
| Q1 24 | $230.0M | $1.3B |
毛利率SUNUSB
| Q4 25 | 10.7% | — | ||
| Q3 25 | 10.7% | — | ||
| Q2 25 | 10.6% | — | ||
| Q1 25 | 12.6% | — | ||
| Q4 24 | 11.9% | — | ||
| Q3 24 | 7.4% | — | ||
| Q2 24 | 9.2% | — | ||
| Q1 24 | 8.8% | — |
营业利润率SUNUSB
| Q4 25 | 2.1% | 34.4% | ||
| Q3 25 | 4.2% | 34.5% | ||
| Q2 25 | 3.8% | 32.7% | ||
| Q1 25 | 5.7% | 31.0% | ||
| Q4 24 | 4.5% | 30.1% | ||
| Q3 24 | 1.9% | 30.2% | ||
| Q2 24 | 2.4% | 29.9% | ||
| Q1 24 | 5.4% | 24.9% |
净利率SUNUSB
| Q4 25 | 1.2% | 27.8% | ||
| Q3 25 | 2.2% | 27.3% | ||
| Q2 25 | 1.6% | 25.9% | ||
| Q1 25 | 4.0% | 24.6% | ||
| Q4 24 | 2.7% | 23.7% | ||
| Q3 24 | 0.0% | 25.0% | ||
| Q2 24 | 8.0% | 23.3% | ||
| Q1 24 | 4.2% | 19.6% |
每股收益（稀释后）SUNUSB
| Q4 25 | — | $1.26 | ||
| Q3 25 | — | $1.22 | ||
| Q2 25 | — | $1.11 | ||
| Q1 25 | — | $1.03 | ||
| Q4 24 | — | $1.01 | ||
| Q3 24 | — | $1.03 | ||
| Q2 24 | — | $0.97 | ||
| Q1 24 | — | $0.78 |
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 | $891.0M | — |
| 总债务越低越好 | $13.4B | — |
| 股东权益账面价值 | — | $65.2B |
| 总资产 | $28.4B | $692.3B |
| 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SUNUSB
| Q4 25 | $891.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $94.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务SUNUSB
| Q4 25 | $13.4B | — | ||
| Q3 25 | $9.5B | — | ||
| Q2 25 | $7.8B | — | ||
| Q1 25 | $7.7B | — | ||
| Q4 24 | $7.5B | — | ||
| Q3 24 | $7.3B | — | ||
| Q2 24 | $7.3B | — | ||
| Q1 24 | $3.8B | — |
股东权益SUNUSB
| Q4 25 | — | $65.2B | ||
| Q3 25 | — | $63.3B | ||
| Q2 25 | — | $61.4B | ||
| Q1 25 | — | $60.1B | ||
| Q4 24 | — | $58.6B | ||
| Q3 24 | — | $58.9B | ||
| Q2 24 | — | $56.4B | ||
| Q1 24 | — | $55.6B |
总资产SUNUSB
| Q4 25 | $28.4B | $692.3B | ||
| Q3 25 | $17.8B | $695.4B | ||
| Q2 25 | $14.4B | $686.4B | ||
| Q1 25 | $14.3B | $676.5B | ||
| Q4 24 | $14.4B | $678.3B | ||
| Q3 24 | $14.1B | $686.5B | ||
| Q2 24 | $14.5B | $680.1B | ||
| Q1 24 | $7.4B | $683.6B |
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 | $392.0M | $2.8B |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 3.88× | 1.39× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流SUNUSB
| Q4 25 | $392.0M | $2.8B | ||
| Q3 25 | $401.0M | $3.4B | ||
| Q2 25 | $243.0M | $2.0B | ||
| Q1 25 | $156.0M | $-285.0M | ||
| Q4 24 | $123.0M | $4.8B | ||
| Q3 24 | $210.0M | $972.0M | ||
| Q2 24 | $-70.0M | $2.9B | ||
| Q1 24 | $286.0M | $2.7B |
自由现金流SUNUSB
| Q4 25 | — | — | ||
| Q3 25 | $244.0M | — | ||
| Q2 25 | $83.0M | — | ||
| Q1 25 | $55.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $109.0M | — | ||
| Q2 24 | $-140.0M | — | ||
| Q1 24 | $245.0M | — |
自由现金流率SUNUSB
| Q4 25 | — | — | ||
| Q3 25 | 4.0% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | -2.3% | — | ||
| Q1 24 | 4.5% | — |
资本支出强度SUNUSB
| Q4 25 | — | — | ||
| Q3 25 | 2.6% | — | ||
| Q2 25 | 3.0% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.8% | — | ||
| Q2 24 | 1.1% | — | ||
| Q1 24 | 0.7% | — |
现金转化率SUNUSB
| Q4 25 | 3.88× | 1.39× | ||
| Q3 25 | 3.02× | 1.69× | ||
| Q2 25 | 2.83× | 1.12× | ||
| Q1 25 | 0.75× | -0.17× | ||
| Q4 24 | 0.87× | 2.87× | ||
| Q3 24 | 105.00× | 0.57× | ||
| Q2 24 | -0.14× | 1.79× | ||
| Q1 24 | 1.24× | 2.02× |
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
SUN
| Fuel Distribution | $8.2B | 95% |
| Service Revenue | $440.0M | 5% |
| Lease Revenue | $40.0M | 0% |
| Lease Income | $12.0M | 0% |
USB
暂无分部数据
