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Antero Midstream Corp（AM）与Digital Turbine, Inc.（APPS）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Digital Turbine, Inc.的1.9倍（$291.1M vs $151.4M），Antero Midstream Corp净利率更高（41.5% vs 3.4%，领先38.1%），Digital Turbine, Inc.同比增速更快（12.4% vs -7.3%），过去两年Digital Turbine, Inc.的营收复合增速更高（16.2% 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。
Digital Turbine是一家全球移动广告科技企业，为移动运营商、设备厂商及应用开发者提供端到端的应用变现、用户获取和定向广告解决方案，业务覆盖北美、欧洲、亚太地区，服务电信、移动科技、消费应用等多个核心领域。
AM vs APPS — 直观对比
营收规模更大
AM
是对方的1.9倍
$151.4M
营收增速更快
APPS
高出19.8%
-7.3%
净利率更高
AM
高出38.1%
3.4%
两年增速更快
APPS
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $151.4M |
| 净利润 | $120.7M | $5.1M |
| 毛利率 | — | 57.4% |
| 营业利润率 | 60.9% | 14.3% |
| 净利率 | 41.5% | 3.4% |
| 营收同比 | -7.3% | 12.4% |
| 净利润同比 | 2.1% | 122.1% |
| 每股收益（稀释后） | $0.25 | $0.03 |
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AMAPPS
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $151.4M | ||
| Q3 25 | $294.8M | $140.4M | ||
| Q2 25 | $305.5M | $130.9M | ||
| Q1 25 | $291.1M | $119.2M | ||
| Q4 24 | $287.5M | $134.6M | ||
| Q3 24 | $269.9M | $118.7M | ||
| Q2 24 | $269.8M | $118.0M |
净利润AMAPPS
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $5.1M | ||
| Q3 25 | $116.0M | $-21.4M | ||
| Q2 25 | $124.5M | $-14.1M | ||
| Q1 25 | $120.7M | $-18.8M | ||
| Q4 24 | $111.2M | $-23.1M | ||
| Q3 24 | $99.7M | $-25.0M | ||
| Q2 24 | $86.0M | $-25.2M |
毛利率AMAPPS
| Q1 26 | — | — | ||
| Q4 25 | — | 57.4% | ||
| Q3 25 | — | 55.1% | ||
| Q2 25 | — | 55.6% | ||
| Q1 25 | — | 55.4% | ||
| Q4 24 | — | 48.0% | ||
| Q3 24 | — | 52.6% | ||
| Q2 24 | — | 52.7% |
营业利润率AMAPPS
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 14.3% | ||
| Q3 25 | 61.2% | 4.7% | ||
| Q2 25 | 61.0% | -3.6% | ||
| Q1 25 | 60.9% | -9.8% | ||
| Q4 24 | 61.8% | -9.5% | ||
| Q3 24 | 60.2% | -11.4% | ||
| Q2 24 | 56.6% | -13.6% |
净利率AMAPPS
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | 3.4% | ||
| Q3 25 | 39.3% | -15.2% | ||
| Q2 25 | 40.8% | -10.8% | ||
| Q1 25 | 41.5% | -15.8% | ||
| Q4 24 | 38.7% | -17.2% | ||
| Q3 24 | 37.0% | -21.0% | ||
| Q2 24 | 31.9% | -21.3% |
每股收益（稀释后）AMAPPS
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $0.03 | ||
| Q3 25 | $0.24 | $-0.20 | ||
| Q2 25 | $0.26 | $-0.13 | ||
| Q1 25 | $0.25 | $-0.18 | ||
| Q4 24 | $0.23 | $-0.22 | ||
| Q3 24 | $0.21 | $-0.24 | ||
| 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 | $40.2M |
| 总债务越低越好 | $3.2B | $355.0M |
| 股东权益账面价值 | $2.0B | $194.6M |
| 总资产 | $5.9B | $858.2M |
| 负债/权益比越低杠杆越低 | 1.63× | 1.82× |
8季度趋势，按日历期对齐
现金及短期投资AMAPPS
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $40.2M | ||
| Q3 25 | — | $38.8M | ||
| Q2 25 | — | $33.4M | ||
| Q1 25 | — | $39.4M | ||
| Q4 24 | — | $34.6M | ||
| Q3 24 | — | $32.1M | ||
| Q2 24 | — | $35.0M |
总债务AMAPPS
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $355.0M | ||
| Q3 25 | $3.0B | $396.4M | ||
| Q2 25 | $3.0B | $400.5M | ||
| Q1 25 | $3.1B | $408.7M | ||
| Q4 24 | $3.1B | $408.2M | ||
| Q3 24 | $3.2B | $407.6M | ||
| Q2 24 | $3.2B | $393.8M |
股东权益AMAPPS
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $194.6M | ||
| Q3 25 | $2.1B | $148.1M | ||
| Q2 25 | $2.1B | $152.3M | ||
| Q1 25 | $2.1B | $154.0M | ||
| Q4 24 | $2.1B | $163.6M | ||
| Q3 24 | $2.1B | $182.4M | ||
| Q2 24 | $2.1B | $196.0M |
总资产AMAPPS
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $858.2M | ||
| Q3 25 | $5.7B | $818.7M | ||
| Q2 25 | $5.7B | $818.4M | ||
| Q1 25 | $5.8B | $812.9M | ||
| Q4 24 | $5.8B | $839.7M | ||
| Q3 24 | $5.8B | $844.5M | ||
| Q2 24 | $5.8B | $860.2M |
负债/权益比AMAPPS
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 1.82× | ||
| Q3 25 | 1.46× | 2.68× | ||
| Q2 25 | 1.45× | 2.63× | ||
| Q1 25 | 1.49× | 2.65× | ||
| Q4 24 | 1.47× | 2.50× | ||
| Q3 24 | 1.49× | 2.24× | ||
| Q2 24 | 1.50× | 2.01× |
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 | $14.2M |
| 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× | 2.78× |
| 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AMAPPS
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $14.2M | ||
| Q3 25 | $212.8M | $14.5M | ||
| Q2 25 | $265.2M | $8.8M | ||
| Q1 25 | $198.9M | $11.9M | ||
| Q4 24 | $232.7M | $10.4M | ||
| Q3 24 | $184.9M | $-8.7M | ||
| Q2 24 | $215.8M | $-1.4M |
自由现金流AMAPPS
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $184.3M | — | ||
| Q2 24 | $147.2M | — |
自由现金流率AMAPPS
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 68.3% | — | ||
| Q2 24 | 54.6% | — |
资本支出强度AMAPPS
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 25.4% | — |
现金转化率AMAPPS
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 2.78× | ||
| Q3 25 | 1.84× | — | ||
| Q2 25 | 2.13× | — | ||
| Q1 25 | 1.65× | — | ||
| Q4 24 | 2.09× | — | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 2.51× | — |
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% |
APPS
| On Device Solutions | $99.6M | 66% |
| App Growth Platform | $52.6M | 35% |
