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Antero Midstream Corp（AM）与Asana, Inc.（ASAN）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Asana, Inc.的1.4倍（$291.1M vs $201.0M），Antero Midstream Corp净利率更高（41.5% vs -34.0%，领先75.5%），Asana, Inc.同比增速更快（9.3% vs -7.3%），Antero Midstream Corp自由现金流更多（$186.9M vs $15.5M），过去两年Asana, Inc.的营收复合增速更高（8.4% 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。
Asana是一家总部位于美国旧金山的软件企业，由达斯汀·莫斯科维茨和贾斯汀·罗森斯坦于2008年创立，核心产品是同名工作管理平台，支持网页端与移动端使用，可帮助团队梳理、跟踪及统筹各类工作事项，2012年4月正式商业化推出，2020年9月直接上市，当时估值达55亿美元。
AM vs ASAN — 直观对比
营收规模更大
AM
是对方的1.4倍
$201.0M
营收增速更快
ASAN
高出16.7%
-7.3%
净利率更高
AM
高出75.5%
-34.0%
自由现金流更多
AM
多$171.4M
$15.5M
两年增速更快
ASAN
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $201.0M |
| 净利润 | $120.7M | $-68.4M |
| 毛利率 | — | 88.9% |
| 营业利润率 | 60.9% | -34.8% |
| 净利率 | 41.5% | -34.0% |
| 营收同比 | -7.3% | 9.3% |
| 净利润同比 | 2.1% | -19.4% |
| 每股收益（稀释后） | $0.25 | $-0.29 |
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AMASAN
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $201.0M | ||
| Q3 25 | $294.8M | $196.9M | ||
| Q2 25 | $305.5M | $187.3M | ||
| Q1 25 | $291.1M | $188.3M | ||
| Q4 24 | $287.5M | $183.9M | ||
| Q3 24 | $269.9M | $179.2M | ||
| Q2 24 | $269.8M | $172.4M |
净利润AMASAN
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $-68.4M | ||
| Q3 25 | $116.0M | $-48.4M | ||
| Q2 25 | $124.5M | $-40.0M | ||
| Q1 25 | $120.7M | $-62.3M | ||
| Q4 24 | $111.2M | $-57.3M | ||
| Q3 24 | $99.7M | $-72.2M | ||
| Q2 24 | $86.0M | $-63.7M |
毛利率AMASAN
| Q1 26 | — | — | ||
| Q4 25 | — | 88.9% | ||
| Q3 25 | — | 89.7% | ||
| Q2 25 | — | 89.7% | ||
| Q1 25 | — | 89.6% | ||
| Q4 24 | — | 89.2% | ||
| Q3 24 | — | 88.8% | ||
| Q2 24 | — | 89.7% |
营业利润率AMASAN
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | -34.8% | ||
| Q3 25 | 61.2% | -25.1% | ||
| Q2 25 | 61.0% | -23.4% | ||
| Q1 25 | 60.9% | -33.8% | ||
| Q4 24 | 61.8% | -32.7% | ||
| Q3 24 | 60.2% | -42.9% | ||
| Q2 24 | 56.6% | -38.4% |
净利率AMASAN
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | -34.0% | ||
| Q3 25 | 39.3% | -24.6% | ||
| Q2 25 | 40.8% | -21.4% | ||
| Q1 25 | 41.5% | -33.1% | ||
| Q4 24 | 38.7% | -31.2% | ||
| Q3 24 | 37.0% | -40.3% | ||
| Q2 24 | 31.9% | -37.0% |
每股收益（稀释后）AMASAN
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $-0.29 | ||
| Q3 25 | $0.24 | $-0.20 | ||
| Q2 25 | $0.26 | $-0.17 | ||
| Q1 25 | $0.25 | $-0.27 | ||
| Q4 24 | $0.23 | $-0.25 | ||
| Q3 24 | $0.21 | $-0.31 | ||
| Q2 24 | $0.18 | $-0.28 |
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 | $183.5M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.0B | $188.4M |
| 总资产 | $5.9B | $840.4M |
| 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AMASAN
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $183.5M | ||
| Q3 25 | — | $184.1M | ||
| Q2 25 | — | $193.8M | ||
| Q1 25 | — | $184.7M | ||
| Q4 24 | — | $196.8M | ||
| Q3 24 | — | $219.4M | ||
| Q2 24 | — | $222.0M |
总债务AMASAN
| 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AMASAN
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $188.4M | ||
| Q3 25 | $2.1B | $224.6M | ||
| Q2 25 | $2.1B | $236.3M | ||
| Q1 25 | $2.1B | $227.5M | ||
| Q4 24 | $2.1B | $239.3M | ||
| Q3 24 | $2.1B | $291.9M | ||
| Q2 24 | $2.1B | $319.9M |
总资产AMASAN
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $840.4M | ||
| Q3 25 | $5.7B | $883.2M | ||
| Q2 25 | $5.7B | $877.1M | ||
| Q1 25 | $5.8B | $891.4M | ||
| Q4 24 | $5.8B | $874.2M | ||
| Q3 24 | $5.8B | $945.4M | ||
| Q2 24 | $5.8B | $978.2M |
负债/权益比AMASAN
| 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 | $16.2M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | $15.5M |
| 自由现金流率自由现金流/营收 | 64.2% | 7.7% |
| 资本支出强度资本支出/营收 | 11.1% | 0.3% |
| 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 | — | $74.5M |
8季度趋势，按日历期对齐
经营现金流AMASAN
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $16.2M | ||
| Q3 25 | $212.8M | $39.8M | ||
| Q2 25 | $265.2M | $6.8M | ||
| Q1 25 | $198.9M | $15.9M | ||
| Q4 24 | $232.7M | $-14.9M | ||
| Q3 24 | $184.9M | $15.9M | ||
| Q2 24 | $215.8M | $-1.9M |
自由现金流AMASAN
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $15.5M | ||
| Q3 25 | — | $38.5M | ||
| Q2 25 | — | $6.1M | ||
| Q1 25 | — | $14.3M | ||
| Q4 24 | — | $-16.3M | ||
| Q3 24 | $184.3M | $14.2M | ||
| Q2 24 | $147.2M | $-2.9M |
自由现金流率AMASAN
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | 7.7% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 7.6% | ||
| Q4 24 | — | -8.8% | ||
| Q3 24 | 68.3% | 7.9% | ||
| Q2 24 | 54.6% | -1.7% |
资本支出强度AMASAN
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | 0.0% | 0.7% | ||
| Q3 24 | 0.2% | 0.9% | ||
| Q2 24 | 25.4% | 0.6% |
现金转化率AMASAN
| 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× | — | ||
| 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% |
ASAN
| US | $118.5M | 59% |
| Non Us | $82.5M | 41% |
