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Antero Midstream Corp（AM）与American Homes 4 Rent（AMH）财务数据对比。点击上方公司名可切换其他公司
American Homes 4 Rent的季度营收约是Antero Midstream Corp的1.6倍（$455.0M vs $291.1M），Antero Midstream Corp净利率更高（41.5% vs 31.7%，领先9.8%），American Homes 4 Rent同比增速更快（4.2% vs -7.3%），过去两年Antero Midstream Corp的营收复合增速更高（3.9% vs 3.6%）
Antero Midstream Corp是美国能源企业，注册地为特拉华州，总部设于科罗拉多州丹佛市。公司全部油气储量均位于阿巴拉契亚盆地，采用水力压裂技术开采，核心业务涵盖油气勘探开发相关领域。
AMH（American Homes 4 Rent）是总部位于美国内华达州拉斯维加斯的住宅房地产投资信托基金，主打单户住宅租赁业务。截至2019年12月31日，公司在全美22个州共持有52552套住宅，资产主要集中在亚特兰大、达拉斯-沃斯堡及北卡罗来纳州夏洛特地区。
AM vs AMH — 直观对比
营收规模更大
AMH
是对方的1.6倍
$291.1M
营收增速更快
AMH
高出11.6%
-7.3%
净利率更高
AM
高出9.8%
31.7%
两年增速更快
AM
近两年复合增速
3.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $455.0M |
| 净利润 | $120.7M | $144.3M |
| 毛利率 | — | — |
| 营业利润率 | 60.9% | — |
| 净利率 | 41.5% | 31.7% |
| 营收同比 | -7.3% | 4.2% |
| 净利润同比 | 2.1% | 0.3% |
| 每股收益（稀释后） | $0.25 | $0.33 |
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AMAMH
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $455.0M | ||
| Q3 25 | $294.8M | $478.5M | ||
| Q2 25 | $305.5M | $457.5M | ||
| Q1 25 | $291.1M | $459.3M | ||
| Q4 24 | $287.5M | $436.6M | ||
| Q3 24 | $269.9M | $445.1M | ||
| Q2 24 | $269.8M | $423.5M |
净利润AMAMH
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $144.3M | ||
| Q3 25 | $116.0M | $116.8M | ||
| Q2 25 | $124.5M | $123.6M | ||
| Q1 25 | $120.7M | $128.7M | ||
| Q4 24 | $111.2M | $143.9M | ||
| Q3 24 | $99.7M | $87.6M | ||
| Q2 24 | $86.0M | $108.5M |
营业利润率AMAMH
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | — | ||
| Q3 25 | 61.2% | — | ||
| Q2 25 | 61.0% | — | ||
| Q1 25 | 60.9% | — | ||
| Q4 24 | 61.8% | — | ||
| Q3 24 | 60.2% | — | ||
| Q2 24 | 56.6% | — |
净利率AMAMH
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | 31.7% | ||
| Q3 25 | 39.3% | 24.4% | ||
| Q2 25 | 40.8% | 27.0% | ||
| Q1 25 | 41.5% | 28.0% | ||
| Q4 24 | 38.7% | 33.0% | ||
| Q3 24 | 37.0% | 19.7% | ||
| Q2 24 | 31.9% | 25.6% |
每股收益（稀释后）AMAMH
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $0.33 | ||
| Q3 25 | $0.24 | $0.27 | ||
| Q2 25 | $0.26 | $0.28 | ||
| Q1 25 | $0.25 | $0.30 | ||
| Q4 24 | $0.23 | $0.33 | ||
| Q3 24 | $0.21 | $0.20 | ||
| Q2 24 | $0.18 | $0.25 |
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 | $180.4M | $108.5M |
| 总债务越低越好 | $3.2B | $5.1B |
| 股东权益账面价值 | $2.0B | $7.0B |
| 总资产 | $5.9B | $13.2B |
| 负债/权益比越低杠杆越低 | 1.63× | 0.72× |
8季度趋势，按日历期对齐
现金及短期投资AMAMH
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $108.5M | ||
| Q3 25 | — | $45.6M | ||
| Q2 25 | — | $323.3M | ||
| Q1 25 | — | $69.7M | ||
| Q4 24 | — | $199.4M | ||
| Q3 24 | — | $162.5M | ||
| Q2 24 | — | $718.4M |
总债务AMAMH
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $5.1B | ||
| Q3 25 | $3.0B | $4.8B | ||
| Q2 25 | $3.0B | $5.2B | ||
| Q1 25 | $3.1B | $4.9B | ||
| Q4 24 | $3.1B | $5.0B | ||
| Q3 24 | $3.2B | $4.5B | ||
| Q2 24 | $3.2B | $5.0B |
股东权益AMAMH
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $7.0B | ||
| Q3 25 | $2.1B | $7.2B | ||
| Q2 25 | $2.1B | $7.2B | ||
| Q1 25 | $2.1B | $7.2B | ||
| Q4 24 | $2.1B | $7.2B | ||
| Q3 24 | $2.1B | $7.0B | ||
| Q2 24 | $2.1B | $7.0B |
总资产AMAMH
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $13.2B | ||
| Q3 25 | $5.7B | $13.3B | ||
| Q2 25 | $5.7B | $13.6B | ||
| Q1 25 | $5.8B | $13.3B | ||
| Q4 24 | $5.8B | $13.4B | ||
| Q3 24 | $5.8B | $12.8B | ||
| Q2 24 | $5.8B | $13.3B |
负债/权益比AMAMH
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 0.72× | ||
| Q3 25 | 1.46× | 0.68× | ||
| Q2 25 | 1.45× | 0.72× | ||
| Q1 25 | 1.49× | 0.69× | ||
| Q4 24 | 1.47× | 0.70× | ||
| Q3 24 | 1.49× | 0.64× | ||
| Q2 24 | 1.50× | 0.71× |
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 | $198.9M | $864.3M |
| 自由现金流经营现金流 - 资本支出 | — | $823.7M |
| 自由现金流率自由现金流/营收 | — | 181.0% |
| 资本支出强度资本支出/营收 | 11.1% | 8.9% |
| 现金转化率经营现金流/净利润 | 1.65× | 5.99× |
| 过去12个月自由现金流最近4个季度 | — | $1.5B |
8季度趋势，按日历期对齐
经营现金流AMAMH
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $864.3M | ||
| Q3 25 | $212.8M | $223.3M | ||
| Q2 25 | $265.2M | $271.9M | ||
| Q1 25 | $198.9M | $223.4M | ||
| Q4 24 | $232.7M | $811.5M | ||
| Q3 24 | $184.9M | $233.6M | ||
| Q2 24 | $215.8M | $274.0M |
自由现金流AMAMH
| Q1 26 | — | — | ||
| Q4 25 | — | $823.7M | ||
| Q3 25 | — | $214.5M | ||
| Q2 25 | — | $257.7M | ||
| Q1 25 | — | $215.9M | ||
| Q4 24 | — | $777.5M | ||
| Q3 24 | $184.3M | $225.3M | ||
| Q2 24 | $147.2M | $263.3M |
自由现金流率AMAMH
| Q1 26 | — | — | ||
| Q4 25 | — | 181.0% | ||
| Q3 25 | — | 44.8% | ||
| Q2 25 | — | 56.3% | ||
| Q1 25 | — | 47.0% | ||
| Q4 24 | — | 178.1% | ||
| Q3 24 | 68.3% | 50.6% | ||
| Q2 24 | 54.6% | 62.2% |
资本支出强度AMAMH
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 8.9% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | 0.0% | 7.8% | ||
| Q3 24 | 0.2% | 1.9% | ||
| Q2 24 | 25.4% | 2.5% |
现金转化率AMAMH
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 5.99× | ||
| Q3 25 | 1.84× | 1.91× | ||
| Q2 25 | 2.13× | 2.20× | ||
| Q1 25 | 1.65× | 1.74× | ||
| Q4 24 | 2.09× | 5.64× | ||
| Q3 24 | 1.85× | 2.67× | ||
| Q2 24 | 2.51× | 2.52× |
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
AM
| Gathering and compression–Antero Resources | $238.0M | 82% |
| Other | $52.3M | 18% |
| Water handling–third party | $505.0K | 0% |
| Gathering and compression–third party | $295.0K | 0% |
AMH
暂无分部数据
