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Antero Midstream Corp（AM）与ASSOCIATED BANC-CORP（ASB）财务数据对比。点击上方公司名可切换其他公司
ASSOCIATED BANC-CORP的季度营收约是Antero Midstream Corp的1.3倍（$383.0M vs $291.1M），Antero Midstream Corp净利率更高（41.5% vs 31.2%，领先10.2%），过去两年ASSOCIATED BANC-CORP的营收复合增速更高（9.1% 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。
联合银行集团（Associated Banc-Corp）是美国区域性银行控股公司，总部位于威斯康星州格林贝，深耕美国中西部地区，主营零售银行、商业银行、商业地产贷款、私人银行及特色金融服务，在威斯康星州、伊利诺伊州、明尼苏达州设有220多个营业网点，覆盖100多个社区，还在印第安纳、密歇根等多州设有贷款办事处。
AM vs ASB — 直观对比
营收规模更大
ASB
是对方的1.3倍
$291.1M
净利率更高
AM
高出10.2%
31.2%
两年增速更快
ASB
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $383.0M |
| 净利润 | $120.7M | $119.6M |
| 毛利率 | — | — |
| 营业利润率 | 60.9% | — |
| 净利率 | 41.5% | 31.2% |
| 营收同比 | -7.3% | — |
| 净利润同比 | 2.1% | 566.6% |
| 每股收益（稀释后） | $0.25 | $0.70 |
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AMASB
| Q1 26 | $291.1M | $383.0M | ||
| Q4 25 | $297.0M | $310.0M | ||
| Q3 25 | $294.8M | $305.2M | ||
| Q2 25 | $305.5M | $300.0M | ||
| Q1 25 | $291.1M | $285.9M | ||
| Q4 24 | $287.5M | $270.3M | ||
| Q3 24 | $269.9M | $329.7M | ||
| Q2 24 | $269.8M | $321.8M |
净利润AMASB
| Q1 26 | $120.7M | $119.6M | ||
| Q4 25 | $51.9M | $137.1M | ||
| Q3 25 | $116.0M | $124.7M | ||
| Q2 25 | $124.5M | $111.2M | ||
| Q1 25 | $120.7M | $101.7M | ||
| Q4 24 | $111.2M | $-161.6M | ||
| Q3 24 | $99.7M | $88.0M | ||
| Q2 24 | $86.0M | $115.6M |
营业利润率AMASB
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 52.6% | ||
| Q3 25 | 61.2% | 50.5% | ||
| Q2 25 | 61.0% | 46.5% | ||
| Q1 25 | 60.9% | 42.3% | ||
| Q4 24 | 61.8% | -65.8% | ||
| Q3 24 | 60.2% | 32.8% | ||
| Q2 24 | 56.6% | 32.0% |
净利率AMASB
| Q1 26 | 41.5% | 31.2% | ||
| Q4 25 | 17.5% | 44.2% | ||
| Q3 25 | 39.3% | 40.9% | ||
| Q2 25 | 40.8% | 37.1% | ||
| Q1 25 | 41.5% | 35.6% | ||
| Q4 24 | 38.7% | -59.8% | ||
| Q3 24 | 37.0% | 26.7% | ||
| Q2 24 | 31.9% | 35.9% |
每股收益（稀释后）AMASB
| Q1 26 | $0.25 | $0.70 | ||
| Q4 25 | $0.11 | $0.80 | ||
| Q3 25 | $0.24 | $0.73 | ||
| Q2 25 | $0.26 | $0.65 | ||
| Q1 25 | $0.25 | $0.59 | ||
| Q4 24 | $0.23 | $-1.10 | ||
| Q3 24 | $0.21 | $0.56 | ||
| Q2 24 | $0.18 | $0.74 |
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 | — |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.0B | $5.0B |
| 总资产 | $5.9B | $45.6B |
| 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AMASB
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务AMASB
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $1.0B | ||
| Q3 25 | $3.0B | $594.1M | ||
| Q2 25 | $3.0B | $593.5M | ||
| Q1 25 | $3.1B | $591.4M | ||
| Q4 24 | $3.1B | $1.4B | ||
| Q3 24 | $3.2B | $844.3M | ||
| Q2 24 | $3.2B | $536.1M |
股东权益AMASB
| Q1 26 | $2.0B | $5.0B | ||
| Q4 25 | $2.0B | $5.0B | ||
| Q3 25 | $2.1B | $4.9B | ||
| Q2 25 | $2.1B | $4.8B | ||
| Q1 25 | $2.1B | $4.7B | ||
| Q4 24 | $2.1B | $4.6B | ||
| Q3 24 | $2.1B | $4.4B | ||
| Q2 24 | $2.1B | $4.2B |
总资产AMASB
| Q1 26 | $5.9B | $45.6B | ||
| Q4 25 | $5.9B | $45.2B | ||
| Q3 25 | $5.7B | $44.5B | ||
| Q2 25 | $5.7B | $44.0B | ||
| Q1 25 | $5.8B | $43.3B | ||
| Q4 24 | $5.8B | $43.0B | ||
| Q3 24 | $5.8B | $42.2B | ||
| Q2 24 | $5.8B | $41.6B |
负债/权益比AMASB
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 0.20× | ||
| Q3 25 | 1.46× | 0.12× | ||
| Q2 25 | 1.45× | 0.12× | ||
| Q1 25 | 1.49× | 0.13× | ||
| Q4 24 | 1.47× | 0.31× | ||
| Q3 24 | 1.49× | 0.19× | ||
| Q2 24 | 1.50× | 0.13× |
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 | — |
| 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× | — |
| 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AMASB
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $218.1M | ||
| Q3 25 | $212.8M | $158.0M | ||
| Q2 25 | $265.2M | $141.5M | ||
| Q1 25 | $198.9M | $98.2M | ||
| Q4 24 | $232.7M | $207.1M | ||
| Q3 24 | $184.9M | $105.1M | ||
| Q2 24 | $215.8M | $113.5M |
自由现金流AMASB
| 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AMASB
| 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AMASB
| 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AMASB
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 1.59× | ||
| Q3 25 | 1.84× | 1.27× | ||
| Q2 25 | 2.13× | 1.27× | ||
| Q1 25 | 1.65× | 0.97× | ||
| Q4 24 | 2.09× | — | ||
| Q3 24 | 1.85× | 1.19× | ||
| Q2 24 | 2.51× | 0.98× |
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% |
ASB
| Net Interest Income | $307.2M | 80% |
| Noninterest Income | $75.9M | 20% |
