vs
Antero Midstream Corp（AM）与Alpha Metallurgical Resources, Inc.（AMR）财务数据对比。点击上方公司名可切换其他公司
Alpha Metallurgical Resources, Inc.的季度营收约是Antero Midstream Corp的1.8倍（$519.1M vs $291.1M），Antero Midstream Corp净利率更高（41.5% vs -3.3%，领先44.8%），Antero Midstream Corp同比增速更快（-7.3% vs -15.7%），过去两年Antero Midstream Corp的营收复合增速更高（3.9% vs -22.4%）
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。
阿尔法冶金资源（前身为康图拉能源）是行业领先的煤炭供应商，在阿巴拉契亚北部和中部拥有地下及露天煤矿综合体，在宾夕法尼亚州、弗吉尼亚州和西弗吉尼亚州坐拥大型煤田，生产用于炼钢的冶金煤和用于发电的动力煤，供应全球下游客户。
AM vs AMR — 直观对比
营收规模更大
AMR
是对方的1.8倍
$291.1M
营收增速更快
AM
高出8.3%
-15.7%
净利率更高
AM
高出44.8%
-3.3%
两年增速更快
AM
近两年复合增速
-22.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $519.1M |
| 净利润 | $120.7M | $-17.3M |
| 毛利率 | — | — |
| 营业利润率 | 60.9% | -4.1% |
| 净利率 | 41.5% | -3.3% |
| 营收同比 | -7.3% | -15.7% |
| 净利润同比 | 2.1% | -711.2% |
| 每股收益（稀释后） | $0.25 | $-1.35 |
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AMAMR
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $519.1M | ||
| Q3 25 | $294.8M | $525.2M | ||
| Q2 25 | $305.5M | $548.7M | ||
| Q1 25 | $291.1M | $529.7M | ||
| Q4 24 | $287.5M | $615.4M | ||
| Q3 24 | $269.9M | $669.8M | ||
| Q2 24 | $269.8M | $800.1M |
净利润AMAMR
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $-17.3M | ||
| Q3 25 | $116.0M | $-5.5M | ||
| Q2 25 | $124.5M | $-5.0M | ||
| Q1 25 | $120.7M | $-33.9M | ||
| Q4 24 | $111.2M | $-2.1M | ||
| Q3 24 | $99.7M | $3.8M | ||
| Q2 24 | $86.0M | $58.9M |
营业利润率AMAMR
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | -4.1% | ||
| Q3 25 | 61.2% | -0.5% | ||
| Q2 25 | 61.0% | 0.5% | ||
| Q1 25 | 60.9% | -7.6% | ||
| Q4 24 | 61.8% | 1.6% | ||
| Q3 24 | 60.2% | 0.8% | ||
| Q2 24 | 56.6% | 8.8% |
净利率AMAMR
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | -3.3% | ||
| Q3 25 | 39.3% | -1.1% | ||
| Q2 25 | 40.8% | -0.9% | ||
| Q1 25 | 41.5% | -6.4% | ||
| Q4 24 | 38.7% | -0.3% | ||
| Q3 24 | 37.0% | 0.6% | ||
| Q2 24 | 31.9% | 7.4% |
每股收益（稀释后）AMAMR
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $-1.35 | ||
| Q3 25 | $0.24 | $-0.42 | ||
| Q2 25 | $0.26 | $-0.38 | ||
| Q1 25 | $0.25 | $-2.60 | ||
| Q4 24 | $0.23 | $-0.09 | ||
| Q3 24 | $0.21 | $0.29 | ||
| Q2 24 | $0.18 | $4.49 |
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 | $415.6M |
| 总债务越低越好 | $3.2B | $9.8M |
| 股东权益账面价值 | $2.0B | $1.5B |
| 总资产 | $5.9B | $2.3B |
| 负债/权益比越低杠杆越低 | 1.63× | 0.01× |
8季度趋势，按日历期对齐
现金及短期投资AMAMR
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $415.6M | ||
| Q3 25 | — | $457.9M | ||
| Q2 25 | — | $449.0M | ||
| Q1 25 | — | $448.0M | ||
| Q4 24 | — | $481.6M | ||
| Q3 24 | — | $484.6M | ||
| Q2 24 | — | $336.1M |
总债务AMAMR
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $9.8M | ||
| Q3 25 | $3.0B | $2.9M | ||
| Q2 25 | $3.0B | $3.1M | ||
| Q1 25 | $3.1B | $2.4M | ||
| Q4 24 | $3.1B | $2.9M | ||
| Q3 24 | $3.2B | $3.6M | ||
| Q2 24 | $3.2B | $5.3M |
股东权益AMAMR
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $1.5B | ||
| Q3 25 | $2.1B | $1.6B | ||
| Q2 25 | $2.1B | $1.6B | ||
| Q1 25 | $2.1B | $1.6B | ||
| Q4 24 | $2.1B | $1.6B | ||
| Q3 24 | $2.1B | $1.7B | ||
| Q2 24 | $2.1B | $1.6B |
总资产AMAMR
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $2.3B | ||
| Q3 25 | $5.7B | $2.3B | ||
| Q2 25 | $5.7B | $2.4B | ||
| Q1 25 | $5.8B | $2.4B | ||
| Q4 24 | $5.8B | $2.4B | ||
| Q3 24 | $5.8B | $2.5B | ||
| Q2 24 | $5.8B | $2.5B |
负债/权益比AMAMR
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 0.01× | ||
| Q3 25 | 1.46× | 0.00× | ||
| Q2 25 | 1.45× | 0.00× | ||
| Q1 25 | 1.49× | 0.00× | ||
| Q4 24 | 1.47× | 0.00× | ||
| Q3 24 | 1.49× | 0.00× | ||
| Q2 24 | 1.50× | 0.00× |
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 | $19.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-10.0M |
| 自由现金流率自由现金流/营收 | — | -1.9% |
| 资本支出强度资本支出/营收 | 11.1% | 5.6% |
| 现金转化率经营现金流/净利润 | 1.65× | — |
| 过去12个月自由现金流最近4个季度 | — | $17.8M |
8季度趋势，按日历期对齐
经营现金流AMAMR
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $19.0M | ||
| Q3 25 | $212.8M | $50.5M | ||
| Q2 25 | $265.2M | $53.2M | ||
| Q1 25 | $198.9M | $22.2M | ||
| Q4 24 | $232.7M | $56.3M | ||
| Q3 24 | $184.9M | $189.5M | ||
| Q2 24 | $215.8M | $138.1M |
自由现金流AMAMR
| Q1 26 | — | — | ||
| Q4 25 | — | $-10.0M | ||
| Q3 25 | — | $25.4M | ||
| Q2 25 | — | $18.6M | ||
| Q1 25 | — | $-16.3M | ||
| Q4 24 | — | $13.6M | ||
| Q3 24 | $184.3M | $158.0M | ||
| Q2 24 | $147.2M | $77.0M |
自由现金流率AMAMR
| Q1 26 | — | — | ||
| Q4 25 | — | -1.9% | ||
| Q3 25 | — | 4.8% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | -3.1% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | 68.3% | 23.6% | ||
| Q2 24 | 54.6% | 9.6% |
资本支出强度AMAMR
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 5.6% | ||
| Q3 25 | — | 4.8% | ||
| Q2 25 | — | 6.3% | ||
| Q1 25 | — | 7.3% | ||
| Q4 24 | 0.0% | 6.9% | ||
| Q3 24 | 0.2% | 4.7% | ||
| Q2 24 | 25.4% | 7.6% |
现金转化率AMAMR
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | — | ||
| Q3 25 | 1.84× | — | ||
| Q2 25 | 2.13× | — | ||
| Q1 25 | 1.65× | — | ||
| Q4 24 | 2.09× | — | ||
| Q3 24 | 1.85× | 49.81× | ||
| Q2 24 | 2.51× | 2.34× |
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% |
AMR
暂无分部数据
