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Antero Midstream Corp（AM）与B&G Foods, Inc.（BGS）财务数据对比。点击上方公司名可切换其他公司
B&G Foods, Inc.的季度营收约是Antero Midstream Corp的1.5倍（$439.3M vs $291.1M），Antero Midstream Corp净利率更高（41.5% vs -4.4%，领先45.8%），B&G Foods, Inc.同比增速更快（-4.7% vs -7.3%），Antero Midstream Corp自由现金流更多（$186.9M vs $-70.7M），过去两年Antero Midstream Corp的营收复合增速更高（3.9% vs -12.8%）
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。
B&G Foods是总部位于美国新泽西州帕西帕尼的品牌食品控股企业，创立于1996年，成立初衷是收购1889年诞生于曼哈顿的酸黄瓜、调味酱及调味品生产商Bloch & Guggenheimer，如今在北美食品领域拥有众多知名品牌。
AM vs BGS — 直观对比
营收规模更大
BGS
是对方的1.5倍
$291.1M
营收增速更快
BGS
高出2.6%
-7.3%
净利率更高
AM
高出45.8%
-4.4%
自由现金流更多
AM
多$257.6M
$-70.7M
两年增速更快
AM
近两年复合增速
-12.8%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $439.3M |
| 净利润 | $120.7M | $-19.1M |
| 毛利率 | — | 22.5% |
| 营业利润率 | 60.9% | 2.5% |
| 净利率 | 41.5% | -4.4% |
| 营收同比 | -7.3% | -4.7% |
| 净利润同比 | 2.1% | -356.5% |
| 每股收益（稀释后） | $0.25 | $-0.24 |
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AMBGS
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | — | ||
| Q3 25 | $294.8M | $439.3M | ||
| Q2 25 | $305.5M | $424.4M | ||
| Q1 25 | $291.1M | $425.4M | ||
| Q4 24 | $287.5M | $551.6M | ||
| Q3 24 | $269.9M | $461.1M | ||
| Q2 24 | $269.8M | $444.6M |
净利润AMBGS
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | — | ||
| Q3 25 | $116.0M | $-19.1M | ||
| Q2 25 | $124.5M | $-9.8M | ||
| Q1 25 | $120.7M | $835.0K | ||
| Q4 24 | $111.2M | $-222.4M | ||
| Q3 24 | $99.7M | $7.5M | ||
| Q2 24 | $86.0M | $3.9M |
毛利率AMBGS
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 22.5% | ||
| Q2 25 | — | 20.5% | ||
| Q1 25 | — | 21.2% | ||
| Q4 24 | — | 21.5% | ||
| Q3 24 | — | 22.2% | ||
| Q2 24 | — | 20.7% |
营业利润率AMBGS
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | — | ||
| Q3 25 | 61.2% | 2.5% | ||
| Q2 25 | 61.0% | 5.2% | ||
| Q1 25 | 60.9% | 8.4% | ||
| Q4 24 | 61.8% | -46.6% | ||
| Q3 24 | 60.2% | 11.1% | ||
| Q2 24 | 56.6% | 9.9% |
净利率AMBGS
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | — | ||
| Q3 25 | 39.3% | -4.4% | ||
| Q2 25 | 40.8% | -2.3% | ||
| Q1 25 | 41.5% | 0.2% | ||
| Q4 24 | 38.7% | -40.3% | ||
| Q3 24 | 37.0% | 1.6% | ||
| Q2 24 | 31.9% | 0.9% |
每股收益（稀释后）AMBGS
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | — | ||
| Q3 25 | $0.24 | $-0.24 | ||
| Q2 25 | $0.26 | $-0.12 | ||
| Q1 25 | $0.25 | $0.01 | ||
| Q4 24 | $0.23 | $-2.81 | ||
| Q3 24 | $0.21 | $0.09 | ||
| Q2 24 | $0.18 | $0.05 |
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 | $60.9M |
| 总债务越低越好 | $3.2B | $2.0B |
| 股东权益账面价值 | $2.0B | $470.7M |
| 总资产 | $5.9B | $2.9B |
| 负债/权益比越低杠杆越低 | 1.63× | 4.30× |
8季度趋势，按日历期对齐
现金及短期投资AMBGS
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | — | ||
| Q3 25 | — | $60.9M | ||
| Q2 25 | — | $54.1M | ||
| Q1 25 | — | $61.2M | ||
| Q4 24 | — | $50.6M | ||
| Q3 24 | — | $54.7M | ||
| Q2 24 | — | $40.3M |
总债务AMBGS
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.0B | $2.0B | ||
| Q2 25 | $3.0B | $2.0B | ||
| Q1 25 | $3.1B | $2.0B | ||
| Q4 24 | $3.1B | $2.0B | ||
| Q3 24 | $3.2B | $2.1B | ||
| Q2 24 | $3.2B | $2.0B |
股东权益AMBGS
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.1B | $470.7M | ||
| Q2 25 | $2.1B | $501.4M | ||
| Q1 25 | $2.1B | $513.1M | ||
| Q4 24 | $2.1B | $524.8M | ||
| Q3 24 | $2.1B | $755.3M | ||
| Q2 24 | $2.1B | $765.0M |
总资产AMBGS
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | — | ||
| Q3 25 | $5.7B | $2.9B | ||
| Q2 25 | $5.7B | $2.9B | ||
| Q1 25 | $5.8B | $3.0B | ||
| Q4 24 | $5.8B | $3.0B | ||
| Q3 24 | $5.8B | $3.4B | ||
| Q2 24 | $5.8B | $3.4B |
负债/权益比AMBGS
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.46× | 4.30× | ||
| Q2 25 | 1.45× | 3.97× | ||
| Q1 25 | 1.49× | 3.91× | ||
| Q4 24 | 1.47× | 3.85× | ||
| Q3 24 | 1.49× | 2.75× | ||
| Q2 24 | 1.50× | 2.67× |
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 | $-64.6M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | $-70.7M |
| 自由现金流率自由现金流/营收 | 64.2% | -16.1% |
| 资本支出强度资本支出/营收 | 11.1% | 1.4% |
| 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 | — | $54.8M |
8季度趋势，按日历期对齐
经营现金流AMBGS
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | — | ||
| Q3 25 | $212.8M | $-64.6M | ||
| Q2 25 | $265.2M | $17.8M | ||
| Q1 25 | $198.9M | $52.7M | ||
| Q4 24 | $232.7M | $80.3M | ||
| Q3 24 | $184.9M | $4.2M | ||
| Q2 24 | $215.8M | $11.3M |
自由现金流AMBGS
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $-70.7M | ||
| Q2 25 | — | $11.5M | ||
| Q1 25 | — | $42.4M | ||
| Q4 24 | — | $71.7M | ||
| Q3 24 | $184.3M | $-679.0K | ||
| Q2 24 | $147.2M | $5.2M |
自由现金流率AMBGS
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -16.1% | ||
| Q2 25 | — | 2.7% | ||
| Q1 25 | — | 10.0% | ||
| Q4 24 | — | 13.0% | ||
| Q3 24 | 68.3% | -0.1% | ||
| Q2 24 | 54.6% | 1.2% |
资本支出强度AMBGS
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | 0.0% | 1.6% | ||
| Q3 24 | 0.2% | 1.0% | ||
| Q2 24 | 25.4% | 1.4% |
现金转化率AMBGS
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | — | ||
| Q3 25 | 1.84× | — | ||
| Q2 25 | 2.13× | — | ||
| Q1 25 | 1.65× | 63.17× | ||
| Q4 24 | 2.09× | — | ||
| Q3 24 | 1.85× | 0.56× | ||
| Q2 24 | 2.51× | 2.87× |
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% |
BGS
| Specialty Segment | $150.5M | 34% |
| Meals Segment | $110.0M | 25% |
| Spices And Flavor Solutions Segment | $101.4M | 23% |
| Frozen And Vegetables Segment | $77.4M | 18% |
