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Antero Midstream Corp（AM）与APOGEE ENTERPRISES, INC.（APOG）财务数据对比。点击上方公司名可切换其他公司
APOGEE ENTERPRISES, INC.的季度营收约是Antero Midstream Corp的1.2倍（$351.4M vs $291.1M），Antero Midstream Corp净利率更高（41.5% vs 4.7%，领先36.7%），APOGEE ENTERPRISES, INC.同比增速更快（1.6% vs -7.3%），过去两年Antero Midstream Corp的营收复合增速更高（3.9% vs 2.9%）
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。
Apogee Enterprises是一家美国音频设备制造商，主营音频接口、模数与数模转换器、USB及iOS麦克风，同时还开发音频制作相关软件，产品广泛服务于专业录音、音乐创作等音频领域，在全球音频行业拥有较高的认可度。
AM vs APOG — 直观对比
营收规模更大
APOG
是对方的1.2倍
$291.1M
营收增速更快
APOG
高出8.9%
-7.3%
净利率更高
AM
高出36.7%
4.7%
两年增速更快
AM
近两年复合增速
2.9%
损益表 — Q1 FY2026 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $351.4M |
| 净利润 | $120.7M | $16.6M |
| 毛利率 | — | 22.4% |
| 营业利润率 | 60.9% | 7.3% |
| 净利率 | 41.5% | 4.7% |
| 营收同比 | -7.3% | 1.6% |
| 净利润同比 | 2.1% | 568.8% |
| 每股收益（稀释后） | $0.25 | $0.78 |
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AMAPOG
| Q1 26 | $291.1M | $351.4M | ||
| Q4 25 | $297.0M | $348.6M | ||
| Q3 25 | $294.8M | $358.2M | ||
| Q2 25 | $305.5M | $346.6M | ||
| Q1 25 | $291.1M | $345.7M | ||
| Q4 24 | $287.5M | $341.3M | ||
| Q3 24 | $269.9M | $342.4M | ||
| Q2 24 | $269.8M | $331.5M |
净利润AMAPOG
| Q1 26 | $120.7M | $16.6M | ||
| Q4 25 | $51.9M | $16.5M | ||
| Q3 25 | $116.0M | $23.6M | ||
| Q2 25 | $124.5M | $-2.7M | ||
| Q1 25 | $120.7M | $2.5M | ||
| Q4 24 | $111.2M | $21.0M | ||
| Q3 24 | $99.7M | $30.6M | ||
| Q2 24 | $86.0M | $31.0M |
毛利率AMAPOG
| Q1 26 | — | 22.4% | ||
| Q4 25 | — | 23.8% | ||
| Q3 25 | — | 23.1% | ||
| Q2 25 | — | 21.7% | ||
| Q1 25 | — | 21.6% | ||
| Q4 24 | — | 26.1% | ||
| Q3 24 | — | 28.4% | ||
| Q2 24 | — | 29.8% |
营业利润率AMAPOG
| Q1 26 | 60.9% | 7.3% | ||
| Q4 25 | 33.8% | 7.1% | ||
| Q3 25 | 61.2% | 7.5% | ||
| Q2 25 | 61.0% | 2.0% | ||
| Q1 25 | 60.9% | 1.8% | ||
| Q4 24 | 61.8% | 8.4% | ||
| Q3 24 | 60.2% | 12.3% | ||
| Q2 24 | 56.6% | 12.5% |
净利率AMAPOG
| Q1 26 | 41.5% | 4.7% | ||
| Q4 25 | 17.5% | 4.7% | ||
| Q3 25 | 39.3% | 6.6% | ||
| Q2 25 | 40.8% | -0.8% | ||
| Q1 25 | 41.5% | 0.7% | ||
| Q4 24 | 38.7% | 6.1% | ||
| Q3 24 | 37.0% | 8.9% | ||
| Q2 24 | 31.9% | 9.4% |
每股收益（稀释后）AMAPOG
| Q1 26 | $0.25 | $0.78 | ||
| Q4 25 | $0.11 | $0.77 | ||
| Q3 25 | $0.24 | $1.10 | ||
| Q2 25 | $0.26 | $-0.13 | ||
| Q1 25 | $0.25 | $0.12 | ||
| Q4 24 | $0.23 | $0.96 | ||
| Q3 24 | $0.21 | $1.40 | ||
| Q2 24 | $0.18 | $1.41 |
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 | $39.5M |
| 总债务越低越好 | $3.2B | $232.3M |
| 股东权益账面价值 | $2.0B | $511.8M |
| 总资产 | $5.9B | $1.1B |
| 负债/权益比越低杠杆越低 | 1.63× | 0.45× |
8季度趋势，按日历期对齐
现金及短期投资AMAPOG
| Q1 26 | $180.4M | $39.5M | ||
| Q4 25 | $180.4M | $41.3M | ||
| Q3 25 | — | $39.5M | ||
| Q2 25 | — | $32.8M | ||
| Q1 25 | — | $41.4M | ||
| Q4 24 | — | $43.9M | ||
| Q3 24 | — | $51.0M | ||
| Q2 24 | — | $30.4M |
总债务AMAPOG
| Q1 26 | $3.2B | $232.3M | ||
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.1B | $285.0M | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — |
股东权益AMAPOG
| Q1 26 | $2.0B | $511.8M | ||
| Q4 25 | $2.0B | $512.3M | ||
| Q3 25 | $2.1B | $500.2M | ||
| Q2 25 | $2.1B | $481.8M | ||
| Q1 25 | $2.1B | $487.9M | ||
| Q4 24 | $2.1B | $522.1M | ||
| Q3 24 | $2.1B | $506.4M | ||
| Q2 24 | $2.1B | $480.0M |
总资产AMAPOG
| Q1 26 | $5.9B | $1.1B | ||
| Q4 25 | $5.9B | $1.1B | ||
| Q3 25 | $5.7B | $1.2B | ||
| Q2 25 | $5.7B | $1.2B | ||
| Q1 25 | $5.8B | $1.2B | ||
| Q4 24 | $5.8B | $1.2B | ||
| Q3 24 | $5.8B | $917.1M | ||
| Q2 24 | $5.8B | $889.0M |
负债/权益比AMAPOG
| Q1 26 | 1.63× | 0.45× | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.46× | — | ||
| Q2 25 | 1.45× | — | ||
| Q1 25 | 1.49× | 0.58× | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | 1.49× | — | ||
| Q2 24 | 1.50× | — |
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 | $122.5M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | — |
| 自由现金流率自由现金流/营收 | 64.2% | — |
| 资本支出强度资本支出/营收 | 11.1% | 7.8% |
| 现金转化率经营现金流/净利润 | 1.65× | 7.37× |
| 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AMAPOG
| Q1 26 | $198.9M | $122.5M | ||
| Q4 25 | $255.5M | $29.3M | ||
| Q3 25 | $212.8M | $57.1M | ||
| Q2 25 | $265.2M | $-19.8M | ||
| Q1 25 | $198.9M | $30.0M | ||
| Q4 24 | $232.7M | $31.0M | ||
| Q3 24 | $184.9M | $58.7M | ||
| Q2 24 | $215.8M | $5.5M |
自由现金流AMAPOG
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $22.9M | ||
| Q3 25 | — | $52.4M | ||
| Q2 25 | — | $-26.9M | ||
| Q1 25 | — | $19.1M | ||
| Q4 24 | — | $22.0M | ||
| Q3 24 | $184.3M | $50.2M | ||
| Q2 24 | $147.2M | $-1.8M |
自由现金流率AMAPOG
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | 6.6% | ||
| Q3 25 | — | 14.6% | ||
| Q2 25 | — | -7.8% | ||
| Q1 25 | — | 5.5% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | 68.3% | 14.7% | ||
| Q2 24 | 54.6% | -0.5% |
资本支出强度AMAPOG
| Q1 26 | 11.1% | 7.8% | ||
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | 0.0% | 2.6% | ||
| Q3 24 | 0.2% | 2.5% | ||
| Q2 24 | 25.4% | 2.2% |
现金转化率AMAPOG
| Q1 26 | 1.65× | 7.37× | ||
| Q4 25 | 4.92× | 1.77× | ||
| Q3 25 | 1.84× | 2.41× | ||
| Q2 25 | 2.13× | — | ||
| Q1 25 | 1.65× | 12.08× | ||
| Q4 24 | 2.09× | 1.48× | ||
| Q3 24 | 1.85× | 1.92× | ||
| Q2 24 | 2.51× | 0.18× |
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% |
APOG
| Architectural Services | $127.1M | 36% |
| Architectural Metals | $110.0M | 31% |
| Architectural Glass | $67.4M | 19% |
| Performance Surfaces | $54.3M | 15% |
