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Antero Midstream Corp（AM）与APPFOLIO INC（APPF）财务数据对比。点击上方公司名可切换其他公司
Antero Midstream Corp的季度营收约是APPFOLIO INC的1.1倍（$291.1M vs $262.2M），Antero Midstream Corp净利率更高（41.5% vs 16.2%，领先25.3%），APPFOLIO INC同比增速更快（20.4% vs -7.3%），过去两年APPFOLIO INC的营收复合增速更高（15.3% vs 3.9%）
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。
AppFolio Inc.是一家2006年成立的美国企业，专注服务房地产行业，为客户提供软件即服务（SaaS）类应用产品及相关配套服务，助力房地产相关经营主体优化管理流程、提升运营效率。
AM vs APPF — 直观对比
营收规模更大
AM
是对方的1.1倍
$262.2M
营收增速更快
APPF
高出27.8%
-7.3%
净利率更高
AM
高出25.3%
16.2%
两年增速更快
APPF
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $262.2M |
| 净利润 | $120.7M | $42.4M |
| 毛利率 | — | — |
| 营业利润率 | 60.9% | 19.4% |
| 净利率 | 41.5% | 16.2% |
| 营收同比 | -7.3% | 20.4% |
| 净利润同比 | 2.1% | 35.2% |
| 每股收益（稀释后） | $0.25 | $1.18 |
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AMAPPF
| Q1 26 | $291.1M | $262.2M | ||
| Q4 25 | $297.0M | $248.2M | ||
| Q3 25 | $294.8M | $249.4M | ||
| Q2 25 | $305.5M | $235.6M | ||
| Q1 25 | $291.1M | $217.7M | ||
| Q4 24 | $287.5M | $203.7M | ||
| Q3 24 | $269.9M | $205.7M | ||
| Q2 24 | $269.8M | $197.4M |
净利润AMAPPF
| Q1 26 | $120.7M | $42.4M | ||
| Q4 25 | $51.9M | $39.9M | ||
| Q3 25 | $116.0M | $33.6M | ||
| Q2 25 | $124.5M | $36.0M | ||
| Q1 25 | $120.7M | $31.4M | ||
| Q4 24 | $111.2M | $102.7M | ||
| Q3 24 | $99.7M | $33.0M | ||
| Q2 24 | $86.0M | $29.7M |
营业利润率AMAPPF
| Q1 26 | 60.9% | 19.4% | ||
| Q4 25 | 33.8% | 17.6% | ||
| Q3 25 | 61.2% | 14.1% | ||
| Q2 25 | 61.0% | 17.2% | ||
| Q1 25 | 60.9% | 15.5% | ||
| Q4 24 | 61.8% | 11.3% | ||
| Q3 24 | 60.2% | 20.7% | ||
| Q2 24 | 56.6% | 18.3% |
净利率AMAPPF
| Q1 26 | 41.5% | 16.2% | ||
| Q4 25 | 17.5% | 16.1% | ||
| Q3 25 | 39.3% | 13.5% | ||
| Q2 25 | 40.8% | 15.3% | ||
| Q1 25 | 41.5% | 14.4% | ||
| Q4 24 | 38.7% | 50.4% | ||
| Q3 24 | 37.0% | 16.0% | ||
| Q2 24 | 31.9% | 15.0% |
每股收益（稀释后）AMAPPF
| Q1 26 | $0.25 | $1.18 | ||
| Q4 25 | $0.11 | $1.10 | ||
| Q3 25 | $0.24 | $0.93 | ||
| Q2 25 | $0.26 | $0.99 | ||
| Q1 25 | $0.25 | $0.86 | ||
| Q4 24 | $0.23 | $2.79 | ||
| Q3 24 | $0.21 | $0.90 | ||
| Q2 24 | $0.18 | $0.81 |
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 | $147.4M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.0B | $470.2M |
| 总资产 | $5.9B | $580.6M |
| 负债/权益比越低杠杆越低 | 1.63× | — |
8季度趋势，按日历期对齐
现金及短期投资AMAPPF
| Q1 26 | $180.4M | $147.4M | ||
| Q4 25 | $180.4M | $107.0M | ||
| Q3 25 | — | $76.1M | ||
| Q2 25 | — | $73.5M | ||
| Q1 25 | — | $56.9M | ||
| Q4 24 | — | $42.5M | ||
| Q3 24 | — | $62.4M | ||
| Q2 24 | — | $59.6M |
总债务AMAPPF
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.1B | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — |
股东权益AMAPPF
| Q1 26 | $2.0B | $470.2M | ||
| Q4 25 | $2.0B | $542.6M | ||
| Q3 25 | $2.1B | $498.9M | ||
| Q2 25 | $2.1B | $455.6M | ||
| Q1 25 | $2.1B | $462.1M | ||
| Q4 24 | $2.1B | $519.3M | ||
| Q3 24 | $2.1B | $412.8M | ||
| Q2 24 | $2.1B | $371.4M |
总资产AMAPPF
| Q1 26 | $5.9B | $580.6M | ||
| Q4 25 | $5.9B | $689.0M | ||
| Q3 25 | $5.7B | $640.5M | ||
| Q2 25 | $5.7B | $567.4M | ||
| Q1 25 | $5.8B | $564.7M | ||
| Q4 24 | $5.8B | $626.7M | ||
| Q3 24 | $5.8B | $523.3M | ||
| Q2 24 | $5.8B | $479.3M |
负债/权益比AMAPPF
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.46× | — | ||
| Q2 25 | 1.45× | — | ||
| Q1 25 | 1.49× | — | ||
| 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 | $34.3M |
| 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% | — |
| 现金转化率经营现金流/净利润 | 1.65× | 0.81× |
| 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AMAPPF
| Q1 26 | $198.9M | $34.3M | ||
| Q4 25 | $255.5M | $65.0M | ||
| Q3 25 | $212.8M | $86.0M | ||
| Q2 25 | $265.2M | $52.6M | ||
| Q1 25 | $198.9M | $38.5M | ||
| Q4 24 | $232.7M | $36.6M | ||
| Q3 24 | $184.9M | $57.8M | ||
| Q2 24 | $215.8M | $50.9M |
自由现金流AMAPPF
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $63.7M | ||
| Q3 25 | — | $84.7M | ||
| Q2 25 | — | $52.4M | ||
| Q1 25 | — | $38.2M | ||
| Q4 24 | — | $36.4M | ||
| Q3 24 | $184.3M | $57.4M | ||
| Q2 24 | $147.2M | $50.8M |
自由现金流率AMAPPF
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | 25.7% | ||
| Q3 25 | — | 34.0% | ||
| Q2 25 | — | 22.2% | ||
| Q1 25 | — | 17.6% | ||
| Q4 24 | — | 17.9% | ||
| Q3 24 | 68.3% | 27.9% | ||
| Q2 24 | 54.6% | 25.8% |
资本支出强度AMAPPF
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | 0.0% | 0.1% | ||
| Q3 24 | 0.2% | 0.2% | ||
| Q2 24 | 25.4% | 0.0% |
现金转化率AMAPPF
| Q1 26 | 1.65× | 0.81× | ||
| Q4 25 | 4.92× | 1.63× | ||
| Q3 25 | 1.84× | 2.56× | ||
| Q2 25 | 2.13× | 1.46× | ||
| Q1 25 | 1.65× | 1.23× | ||
| Q4 24 | 2.09× | 0.36× | ||
| Q3 24 | 1.85× | 1.75× | ||
| Q2 24 | 2.51× | 1.71× |
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% |
APPF
| Value Added Services | $201.4M | 77% |
| Subscription Services | $58.2M | 22% |
