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Antero Midstream Corp（AM）与AeroVironment Inc（AVAV）财务数据对比。点击上方公司名可切换其他公司
AeroVironment Inc的季度营收约是Antero Midstream Corp的1.6倍（$472.5M vs $291.1M），Antero Midstream Corp净利率更高（41.5% vs -3.6%，领先45.1%），AeroVironment Inc同比增速更快（181.9% vs -7.3%），Antero Midstream Corp自由现金流更多（$186.9M vs $-55.9M），过去两年AeroVironment Inc的营收复合增速更高（59.1% 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。
AeroVironment是1971年由人力飞机设计师保罗·麦克里迪创立的美国国防科技企业，总部位于弗吉尼亚州阿灵顿，专注于自主系统、反无人机系统及航天系统的研发制造，为美国国防部及多国军方供应渡鸦、弹簧刀、黄蜂、美洲狮等系列中小型无人机产品。
AM vs AVAV — 直观对比
营收规模更大
AVAV
是对方的1.6倍
$291.1M
营收增速更快
AVAV
高出189.2%
-7.3%
净利率更高
AM
高出45.1%
-3.6%
自由现金流更多
AM
多$242.8M
$-55.9M
两年增速更快
AVAV
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $472.5M |
| 净利润 | $120.7M | $-17.1M |
| 毛利率 | — | 22.0% |
| 营业利润率 | 60.9% | -6.4% |
| 净利率 | 41.5% | -3.6% |
| 营收同比 | -7.3% | 181.9% |
| 净利润同比 | 2.1% | -875.1% |
| 每股收益（稀释后） | $0.25 | $-0.34 |
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AMAVAV
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $472.5M | ||
| Q3 25 | $294.8M | $454.7M | ||
| Q2 25 | $305.5M | $275.1M | ||
| Q1 25 | $291.1M | $167.6M | ||
| Q4 24 | $287.5M | $188.5M | ||
| Q3 24 | $269.9M | $189.5M | ||
| Q2 24 | $269.8M | $197.0M |
净利润AMAVAV
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $-17.1M | ||
| Q3 25 | $116.0M | $-67.4M | ||
| Q2 25 | $124.5M | $16.7M | ||
| Q1 25 | $120.7M | $-1.8M | ||
| Q4 24 | $111.2M | $7.5M | ||
| Q3 24 | $99.7M | $21.2M | ||
| Q2 24 | $86.0M | $6.0M |
毛利率AMAVAV
| Q1 26 | — | — | ||
| Q4 25 | — | 22.0% | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | 36.5% | ||
| Q1 25 | — | 37.7% | ||
| Q4 24 | — | 39.1% | ||
| Q3 24 | — | 43.0% | ||
| Q2 24 | — | 38.4% |
营业利润率AMAVAV
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | -6.4% | ||
| Q3 25 | 61.2% | -15.2% | ||
| Q2 25 | 61.0% | 5.0% | ||
| Q1 25 | 60.9% | -1.8% | ||
| Q4 24 | 61.8% | 3.7% | ||
| Q3 24 | 60.2% | 12.2% | ||
| Q2 24 | 56.6% | 3.0% |
净利率AMAVAV
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | -3.6% | ||
| Q3 25 | 39.3% | -14.8% | ||
| Q2 25 | 40.8% | 6.1% | ||
| Q1 25 | 41.5% | -1.0% | ||
| Q4 24 | 38.7% | 4.0% | ||
| Q3 24 | 37.0% | 11.2% | ||
| Q2 24 | 31.9% | 3.1% |
每股收益（稀释后）AMAVAV
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $-0.34 | ||
| Q3 25 | $0.24 | $-1.44 | ||
| Q2 25 | $0.26 | $0.59 | ||
| Q1 25 | $0.25 | $-0.06 | ||
| Q4 24 | $0.23 | $0.27 | ||
| Q3 24 | $0.21 | $0.75 | ||
| Q2 24 | $0.18 | $0.18 |
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 | $588.5M |
| 总债务越低越好 | $3.2B | $747.5M |
| 股东权益账面价值 | $2.0B | $4.4B |
| 总资产 | $5.9B | $5.6B |
| 负债/权益比越低杠杆越低 | 1.63× | 0.17× |
8季度趋势，按日历期对齐
现金及短期投资AMAVAV
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $588.5M | ||
| Q3 25 | — | $685.8M | ||
| Q2 25 | — | $40.9M | ||
| Q1 25 | — | $47.0M | ||
| Q4 24 | — | $69.0M | ||
| Q3 24 | — | $81.2M | ||
| Q2 24 | — | $73.3M |
总债务AMAVAV
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $747.5M | ||
| Q3 25 | $3.0B | $747.5M | ||
| Q2 25 | $3.0B | $30.0M | ||
| Q1 25 | $3.1B | $25.0M | ||
| Q4 24 | $3.1B | $15.0M | ||
| Q3 24 | $3.2B | $17.5M | ||
| Q2 24 | $3.2B | $28.0M |
股东权益AMAVAV
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $4.4B | ||
| Q3 25 | $2.1B | $4.4B | ||
| Q2 25 | $2.1B | $886.5M | ||
| Q1 25 | $2.1B | $861.1M | ||
| Q4 24 | $2.1B | $858.4M | ||
| Q3 24 | $2.1B | $845.5M | ||
| Q2 24 | $2.1B | $822.7M |
总资产AMAVAV
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $5.6B | ||
| Q3 25 | $5.7B | $5.6B | ||
| Q2 25 | $5.7B | $1.1B | ||
| Q1 25 | $5.8B | $1.0B | ||
| Q4 24 | $5.8B | $1.0B | ||
| Q3 24 | $5.8B | $999.2M | ||
| Q2 24 | $5.8B | $1.0B |
负债/权益比AMAVAV
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 0.17× | ||
| Q3 25 | 1.46× | 0.17× | ||
| Q2 25 | 1.45× | 0.03× | ||
| Q1 25 | 1.49× | 0.03× | ||
| Q4 24 | 1.47× | 0.02× | ||
| Q3 24 | 1.49× | 0.02× | ||
| Q2 24 | 1.50× | 0.03× |
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 | $-45.1M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | $-55.9M |
| 自由现金流率自由现金流/营收 | 64.2% | -11.8% |
| 资本支出强度资本支出/营收 | 11.1% | 2.3% |
| 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 | — | $-240.7M |
8季度趋势，按日历期对齐
经营现金流AMAVAV
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $-45.1M | ||
| Q3 25 | $212.8M | $-123.7M | ||
| Q2 25 | $265.2M | $-264.0K | ||
| Q1 25 | $198.9M | $-25.8M | ||
| Q4 24 | $232.7M | $-3.6M | ||
| Q3 24 | $184.9M | $28.4M | ||
| Q2 24 | $215.8M | $-11.7M |
自由现金流AMAVAV
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $-55.9M | ||
| Q3 25 | — | $-146.5M | ||
| Q2 25 | — | $-8.8M | ||
| Q1 25 | — | $-29.6M | ||
| Q4 24 | — | $-8.7M | ||
| Q3 24 | $184.3M | $22.9M | ||
| Q2 24 | $147.2M | $-20.8M |
自由现金流率AMAVAV
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | -11.8% | ||
| Q3 25 | — | -32.2% | ||
| Q2 25 | — | -3.2% | ||
| Q1 25 | — | -17.7% | ||
| Q4 24 | — | -4.6% | ||
| Q3 24 | 68.3% | 12.1% | ||
| Q2 24 | 54.6% | -10.5% |
资本支出强度AMAVAV
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 5.0% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | 0.0% | 2.7% | ||
| Q3 24 | 0.2% | 2.9% | ||
| Q2 24 | 25.4% | 4.6% |
现金转化率AMAVAV
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | — | ||
| Q3 25 | 1.84× | — | ||
| Q2 25 | 2.13× | -0.02× | ||
| Q1 25 | 1.65× | — | ||
| Q4 24 | 2.09× | -0.48× | ||
| Q3 24 | 1.85× | 1.34× | ||
| Q2 24 | 2.51× | -1.93× |
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% |
AVAV
| Services | $130.2M | 28% |
| Cost Plus | $95.8M | 20% |
| Uncrewed Aircraft Systems | $89.8M | 19% |
| Space And Directed Energy | $53.2M | 11% |
| Non U.s.Government | $42.2M | 9% |
| TM | $31.9M | 7% |
| Other | $30.7M | 7% |
