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Antero Midstream Corp（AM）与ASTEC INDUSTRIES INC（ASTE）财务数据对比。点击上方公司名可切换其他公司
ASTEC INDUSTRIES INC的季度营收约是Antero Midstream Corp的1.4倍（$400.6M vs $291.1M），Antero Midstream Corp净利率更高（41.5% vs 3.0%，领先38.5%），ASTEC INDUSTRIES INC同比增速更快（11.6% vs -7.3%），Antero Midstream Corp自由现金流更多（$186.9M vs $7.4M），过去两年ASTEC INDUSTRIES INC的营收复合增速更高（13.8% 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。
ASTEC是一家国际电子企业，原总部设于香港，主营电源供应装置与电力转换硬件产品，是全球计算机系统电源的主要供应商之一，曾一度是全球规模最大的电源生产商。
AM vs ASTE — 直观对比
营收规模更大
ASTE
是对方的1.4倍
$291.1M
营收增速更快
ASTE
高出18.9%
-7.3%
净利率更高
AM
高出38.5%
3.0%
自由现金流更多
AM
多$179.5M
$7.4M
两年增速更快
ASTE
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $400.6M |
| 净利润 | $120.7M | $12.0M |
| 毛利率 | — | 27.3% |
| 营业利润率 | 60.9% | 5.7% |
| 净利率 | 41.5% | 3.0% |
| 营收同比 | -7.3% | 11.6% |
| 净利润同比 | 2.1% | -43.1% |
| 每股收益（稀释后） | $0.25 | $0.52 |
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AMASTE
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $400.6M | ||
| Q3 25 | $294.8M | $350.1M | ||
| Q2 25 | $305.5M | $330.3M | ||
| Q1 25 | $291.1M | $329.4M | ||
| Q4 24 | $287.5M | $359.0M | ||
| Q3 24 | $269.9M | $291.4M | ||
| Q2 24 | $269.8M | $345.5M |
净利润AMASTE
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $12.0M | ||
| Q3 25 | $116.0M | $-4.2M | ||
| Q2 25 | $124.5M | $16.7M | ||
| Q1 25 | $120.7M | $14.3M | ||
| Q4 24 | $111.2M | $21.1M | ||
| Q3 24 | $99.7M | $-6.2M | ||
| Q2 24 | $86.0M | $-14.0M |
毛利率AMASTE
| Q1 26 | — | — | ||
| Q4 25 | — | 27.3% | ||
| Q3 25 | — | 24.1% | ||
| Q2 25 | — | 26.7% | ||
| Q1 25 | — | 28.1% | ||
| Q4 24 | — | 28.7% | ||
| Q3 24 | — | 22.9% | ||
| Q2 24 | — | 23.5% |
营业利润率AMASTE
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 5.7% | ||
| Q3 25 | 61.2% | 0.3% | ||
| Q2 25 | 61.0% | 6.5% | ||
| Q1 25 | 60.9% | 6.2% | ||
| Q4 24 | 61.8% | 9.7% | ||
| Q3 24 | 60.2% | -2.5% | ||
| Q2 24 | 56.6% | -3.1% |
净利率AMASTE
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | 3.0% | ||
| Q3 25 | 39.3% | -1.2% | ||
| Q2 25 | 40.8% | 5.1% | ||
| Q1 25 | 41.5% | 4.3% | ||
| Q4 24 | 38.7% | 5.9% | ||
| Q3 24 | 37.0% | -2.1% | ||
| Q2 24 | 31.9% | -4.1% |
每股收益（稀释后）AMASTE
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $0.52 | ||
| Q3 25 | $0.24 | $-0.18 | ||
| Q2 25 | $0.26 | $0.72 | ||
| Q1 25 | $0.25 | $0.62 | ||
| Q4 24 | $0.23 | $0.92 | ||
| Q3 24 | $0.21 | $-0.27 | ||
| Q2 24 | $0.18 | $-0.61 |
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 | $74.1M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.0B | $681.7M |
| 总资产 | $5.9B | $1.4B |
| 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AMASTE
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $74.1M | ||
| Q3 25 | — | $71.8M | ||
| Q2 25 | — | $91.6M | ||
| Q1 25 | — | $95.4M | ||
| Q4 24 | — | $93.8M | ||
| Q3 24 | — | $58.9M | ||
| Q2 24 | — | $68.4M |
总债务AMASTE
| 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AMASTE
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $681.7M | ||
| Q3 25 | $2.1B | $668.9M | ||
| Q2 25 | $2.1B | $674.9M | ||
| Q1 25 | $2.1B | $653.2M | ||
| Q4 24 | $2.1B | $637.8M | ||
| Q3 24 | $2.1B | $631.4M | ||
| Q2 24 | $2.1B | $633.3M |
总资产AMASTE
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $1.4B | ||
| Q3 25 | $5.7B | $1.3B | ||
| Q2 25 | $5.7B | $1.1B | ||
| Q1 25 | $5.8B | $1.1B | ||
| Q4 24 | $5.8B | $1.0B | ||
| Q3 24 | $5.8B | $1.1B | ||
| Q2 24 | $5.8B | $1.1B |
负债/权益比AMASTE
| 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 | $36.1M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | $7.4M |
| 自由现金流率自由现金流/营收 | 64.2% | 1.8% |
| 资本支出强度资本支出/营收 | 11.1% | 7.2% |
| 现金转化率经营现金流/净利润 | 1.65× | 3.01× |
| 过去12个月自由现金流最近4个季度 | — | $20.7M |
8季度趋势，按日历期对齐
经营现金流AMASTE
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $36.1M | ||
| Q3 25 | $212.8M | $-8.1M | ||
| Q2 25 | $265.2M | $12.9M | ||
| Q1 25 | $198.9M | $20.5M | ||
| Q4 24 | $232.7M | $36.6M | ||
| Q3 24 | $184.9M | $22.5M | ||
| Q2 24 | $215.8M | $10.9M |
自由现金流AMASTE
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $7.4M | ||
| Q3 25 | — | $-12.3M | ||
| Q2 25 | — | $9.0M | ||
| Q1 25 | — | $16.6M | ||
| Q4 24 | — | $32.1M | ||
| Q3 24 | $184.3M | $19.9M | ||
| Q2 24 | $147.2M | $3.3M |
自由现金流率AMASTE
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | 1.8% | ||
| Q3 25 | — | -3.5% | ||
| Q2 25 | — | 2.7% | ||
| Q1 25 | — | 5.0% | ||
| Q4 24 | — | 8.9% | ||
| Q3 24 | 68.3% | 6.8% | ||
| Q2 24 | 54.6% | 1.0% |
资本支出强度AMASTE
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 7.2% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | 0.0% | 1.3% | ||
| Q3 24 | 0.2% | 0.9% | ||
| Q2 24 | 25.4% | 2.2% |
现金转化率AMASTE
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 3.01× | ||
| Q3 25 | 1.84× | — | ||
| Q2 25 | 2.13× | 0.77× | ||
| Q1 25 | 1.65× | 1.43× | ||
| Q4 24 | 2.09× | 1.73× | ||
| 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% |
ASTE
| Infrastructure Group | $208.7M | 52% |
| Material Solutions | $105.3M | 26% |
| Parts And Component Sales | $58.3M | 15% |
| Other | $15.3M | 4% |
| Service And Equipment Installation Revenue | $6.9M | 2% |
| Cargo And Freight | $6.1M | 2% |
