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Antero Midstream Corp（AM）与Archrock, Inc.（AROC）财务数据对比。点击上方公司名可切换其他公司
Archrock, Inc.的季度营收约是Antero Midstream Corp的1.3倍（$377.1M vs $297.0M）。Archrock, Inc.净利率更高（31.0% vs 17.5%，领先13.5%）。Archrock, Inc.同比增速更快（15.5% vs 3.3%）。过去两年Archrock, Inc.的营收复合增速更高（18.5% vs 3.2%）
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。
Archrock, Inc. 是领先的天然气压缩服务及相关设备解决方案供应商，主要服务北美油气领域，核心业务涵盖压缩系统租赁、维护、售后支持及销售，覆盖上游生产、中游运输与天然气加工板块。
AM vs AROC — 直观对比
营收规模更大
AROC
是对方的1.3倍
$297.0M
营收增速更快
AROC
高出12.2%
3.3%
净利率更高
AROC
高出13.5%
17.5%
两年增速更快
AROC
近两年复合增速
3.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $297.0M | $377.1M |
| 净利润 | $51.9M | $116.8M |
| 毛利率 | — | 53.0% |
| 营业利润率 | 33.8% | 39.4% |
| 净利率 | 17.5% | 31.0% |
| 营收同比 | 3.3% | 15.5% |
| 净利润同比 | -53.3% | 95.4% |
| 每股收益（稀释后） | $0.11 | $0.67 |
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AMAROC
| Q4 25 | $297.0M | $377.1M | ||
| Q3 25 | $294.8M | $382.4M | ||
| Q2 25 | $305.5M | $383.2M | ||
| Q1 25 | $291.1M | $347.2M | ||
| Q4 24 | $287.5M | $326.4M | ||
| Q3 24 | $269.9M | $292.2M | ||
| Q2 24 | $269.8M | $270.5M | ||
| Q1 24 | $279.1M | $268.5M |
净利润AMAROC
| Q4 25 | $51.9M | $116.8M | ||
| Q3 25 | $116.0M | $71.2M | ||
| Q2 25 | $124.5M | $63.4M | ||
| Q1 25 | $120.7M | $70.8M | ||
| Q4 24 | $111.2M | $59.8M | ||
| Q3 24 | $99.7M | $37.5M | ||
| Q2 24 | $86.0M | $34.4M | ||
| Q1 24 | $103.9M | $40.5M |
毛利率AMAROC
| Q4 25 | — | 53.0% | ||
| Q3 25 | — | 48.5% | ||
| Q2 25 | — | 45.4% | ||
| Q1 25 | — | 47.4% | ||
| Q4 24 | — | 46.3% | ||
| Q3 24 | — | 44.4% | ||
| Q2 24 | — | 41.5% | ||
| Q1 24 | — | 42.1% |
营业利润率AMAROC
| Q4 25 | 33.8% | 39.4% | ||
| Q3 25 | 61.2% | 25.3% | ||
| Q2 25 | 61.0% | 22.5% | ||
| Q1 25 | 60.9% | 26.5% | ||
| Q4 24 | 61.8% | 24.0% | ||
| Q3 24 | 60.2% | 18.1% | ||
| Q2 24 | 56.6% | 17.6% | ||
| Q1 24 | 59.6% | 20.0% |
净利率AMAROC
| Q4 25 | 17.5% | 31.0% | ||
| Q3 25 | 39.3% | 18.6% | ||
| Q2 25 | 40.8% | 16.6% | ||
| Q1 25 | 41.5% | 20.4% | ||
| Q4 24 | 38.7% | 18.3% | ||
| Q3 24 | 37.0% | 12.8% | ||
| Q2 24 | 31.9% | 12.7% | ||
| Q1 24 | 37.2% | 15.1% |
每股收益（稀释后）AMAROC
| Q4 25 | $0.11 | $0.67 | ||
| Q3 25 | $0.24 | $0.40 | ||
| Q2 25 | $0.26 | $0.36 | ||
| Q1 25 | $0.25 | $0.40 | ||
| Q4 24 | $0.23 | $0.35 | ||
| Q3 24 | $0.21 | $0.22 | ||
| Q2 24 | $0.18 | $0.22 | ||
| Q1 24 | $0.21 | $0.26 |
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 | $1.6M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.0B | $1.5B |
| 总资产 | $5.9B | $4.3B |
| 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AMAROC
| Q4 25 | $180.4M | $1.6M | ||
| Q3 25 | — | $4.1M | ||
| Q2 25 | — | $5.9M | ||
| Q1 25 | — | $4.8M | ||
| Q4 24 | — | $4.4M | ||
| Q3 24 | — | $3.7M | ||
| Q2 24 | — | $919.0K | ||
| Q1 24 | $26.1M | $1.2M |
总债务AMAROC
| 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 | — | ||
| Q1 24 | $3.2B | — |
股东权益AMAROC
| Q4 25 | $2.0B | $1.5B | ||
| Q3 25 | $2.1B | $1.4B | ||
| Q2 25 | $2.1B | $1.4B | ||
| Q1 25 | $2.1B | $1.3B | ||
| Q4 24 | $2.1B | $1.3B | ||
| Q3 24 | $2.1B | $1.3B | ||
| Q2 24 | $2.1B | $894.5M | ||
| Q1 24 | $2.2B | $882.1M |
总资产AMAROC
| Q4 25 | $5.9B | $4.3B | ||
| Q3 25 | $5.7B | $4.4B | ||
| Q2 25 | $5.7B | $4.4B | ||
| Q1 25 | $5.8B | $4.0B | ||
| Q4 24 | $5.8B | $3.8B | ||
| Q3 24 | $5.8B | $3.8B | ||
| Q2 24 | $5.8B | $2.7B | ||
| Q1 24 | $5.7B | $2.7B |
负债/权益比AMAROC
| 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× | — | ||
| Q1 24 | 1.48× | — |
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 | $255.5M | $214.5M |
| 自由现金流经营现金流 - 资本支出 | — | $126.7M |
| 自由现金流率自由现金流/营收 | — | 33.6% |
| 资本支出强度资本支出/营收 | — | 23.3% |
| 现金转化率经营现金流/净利润 | 4.92× | 1.84× |
| 过去12个月自由现金流最近4个季度 | — | $119.6M |
8季度趋势，按日历期对齐
经营现金流AMAROC
| Q4 25 | $255.5M | $214.5M | ||
| Q3 25 | $212.8M | $164.5M | ||
| Q2 25 | $265.2M | $127.5M | ||
| Q1 25 | $198.9M | $115.6M | ||
| Q4 24 | $232.7M | $124.3M | ||
| Q3 24 | $184.9M | $96.9M | ||
| Q2 24 | $215.8M | $70.7M | ||
| Q1 24 | $210.6M | $137.7M |
自由现金流AMAROC
| Q4 25 | — | $126.7M | ||
| Q3 25 | — | $29.5M | ||
| Q2 25 | — | $16.0M | ||
| Q1 25 | — | $-52.5M | ||
| Q4 24 | — | $26.4M | ||
| Q3 24 | $184.3M | $26.9M | ||
| Q2 24 | $147.2M | $-20.6M | ||
| Q1 24 | $208.5M | $37.9M |
自由现金流率AMAROC
| Q4 25 | — | 33.6% | ||
| Q3 25 | — | 7.7% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | — | -15.1% | ||
| Q4 24 | — | 8.1% | ||
| Q3 24 | 68.3% | 9.2% | ||
| Q2 24 | 54.6% | -7.6% | ||
| Q1 24 | 74.7% | 14.1% |
资本支出强度AMAROC
| Q4 25 | — | 23.3% | ||
| Q3 25 | — | 35.3% | ||
| Q2 25 | — | 29.1% | ||
| Q1 25 | — | 48.4% | ||
| Q4 24 | 0.0% | 30.0% | ||
| Q3 24 | 0.2% | 24.0% | ||
| Q2 24 | 25.4% | 33.7% | ||
| Q1 24 | 0.7% | 37.2% |
现金转化率AMAROC
| Q4 25 | 4.92× | 1.84× | ||
| Q3 25 | 1.84× | 2.31× | ||
| Q2 25 | 2.13× | 2.01× | ||
| Q1 25 | 1.65× | 1.63× | ||
| Q4 24 | 2.09× | 2.08× | ||
| Q3 24 | 1.85× | 2.58× | ||
| Q2 24 | 2.51× | 2.05× | ||
| Q1 24 | 2.03× | 3.40× |
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 Low Pressure | $114.2M | 38% |
| Natural Gas Water Handling And Treatment Affiliate | $63.2M | 21% |
| Water Handling | $55.7M | 19% |
| Fresh Water Delivery | $37.2M | 13% |
| Other Fluid Handling | $26.9M | 9% |
AROC
| Horsepower Group Three | $112.6M | 30% |
| Horsepower Group Two | $108.5M | 29% |
| Horsepower Group One | $105.9M | 28% |
| Services | $32.9M | 9% |
| Over Counter Parts And Component Sales | $17.0M | 5% |
| Transferred At Point In Time | $1.4M | 0% |
