vs
Antero Midstream Corp（AM）与PATHWARD FINANCIAL, INC.（CASH）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PATHWARD FINANCIAL, INC.的1.7倍（$291.1M vs $173.1M），Antero Midstream Corp净利率更高（41.5% vs 20.3%，领先21.2%），PATHWARD FINANCIAL, INC.同比增速更快（-0.2% vs -7.3%），Antero Midstream Corp自由现金流更多（$186.9M vs $104.1M），过去两年Antero Midstream Corp的营收复合增速更高（3.9% vs -18.0%）
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。
Pathward Financial, Inc.是一家总部位于美国的银行及金融服务企业，其前身为Meta金融集团旗下相关业务主体，2022年母公司将“Meta”商标出售给Meta Platforms后，正式启用现有名称。
AM vs CASH — 直观对比
营收规模更大
AM
是对方的1.7倍
$173.1M
营收增速更快
CASH
高出7.1%
-7.3%
净利率更高
AM
高出21.2%
20.3%
自由现金流更多
AM
多$82.8M
$104.1M
两年增速更快
AM
近两年复合增速
-18.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $173.1M |
| 净利润 | $120.7M | $35.2M |
| 毛利率 | — | — |
| 营业利润率 | 60.9% | 24.6% |
| 净利率 | 41.5% | 20.3% |
| 营收同比 | -7.3% | -0.2% |
| 净利润同比 | 2.1% | 11.9% |
| 每股收益（稀释后） | $0.25 | $1.57 |
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AMCASH
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $173.1M | ||
| Q3 25 | $294.8M | $186.7M | ||
| Q2 25 | $305.5M | $195.8M | ||
| Q1 25 | $291.1M | $274.8M | ||
| Q4 24 | $287.5M | $182.6M | ||
| Q3 24 | $269.9M | $179.5M | ||
| Q2 24 | $269.8M | $188.6M |
净利润AMCASH
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $35.2M | ||
| Q3 25 | $116.0M | $38.8M | ||
| Q2 25 | $124.5M | $42.1M | ||
| Q1 25 | $120.7M | $75.0M | ||
| Q4 24 | $111.2M | $30.0M | ||
| Q3 24 | $99.7M | $33.5M | ||
| Q2 24 | $86.0M | $44.9M |
营业利润率AMCASH
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 24.6% | ||
| Q3 25 | 61.2% | 25.9% | ||
| Q2 25 | 61.0% | 24.1% | ||
| Q1 25 | 60.9% | 33.2% | ||
| Q4 24 | 61.8% | 19.8% | ||
| Q3 24 | 60.2% | 20.9% | ||
| Q2 24 | 56.6% | 27.1% |
净利率AMCASH
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | 20.3% | ||
| Q3 25 | 39.3% | 20.8% | ||
| Q2 25 | 40.8% | 21.5% | ||
| Q1 25 | 41.5% | 27.3% | ||
| Q4 24 | 38.7% | 16.4% | ||
| Q3 24 | 37.0% | 18.7% | ||
| Q2 24 | 31.9% | 23.8% |
每股收益（稀释后）AMCASH
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $1.57 | ||
| Q3 25 | $0.24 | $1.69 | ||
| Q2 25 | $0.26 | $1.81 | ||
| Q1 25 | $0.25 | $3.14 | ||
| Q4 24 | $0.23 | $1.23 | ||
| Q3 24 | $0.21 | $1.34 | ||
| Q2 24 | $0.18 | $1.78 |
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 | $331.2M |
| 总债务越低越好 | $3.2B | $33.5M |
| 股东权益账面价值 | $2.0B | $854.5M |
| 总资产 | $5.9B | $7.6B |
| 负债/权益比越低杠杆越低 | 1.63× | 0.04× |
8季度趋势，按日历期对齐
现金及短期投资AMCASH
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $331.2M | ||
| Q3 25 | — | $120.6M | ||
| Q2 25 | — | $258.3M | ||
| Q1 25 | — | $254.2M | ||
| Q4 24 | — | $597.4M | ||
| Q3 24 | — | $158.3M | ||
| Q2 24 | — | $298.9M |
总债务AMCASH
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $33.5M | ||
| Q3 25 | $3.0B | $33.5M | ||
| Q2 25 | $3.0B | $33.4M | ||
| Q1 25 | $3.1B | $33.4M | ||
| Q4 24 | $3.1B | $33.4M | ||
| Q3 24 | $3.2B | $33.4M | ||
| Q2 24 | $3.2B | $33.3M |
股东权益AMCASH
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $854.5M | ||
| Q3 25 | $2.1B | $858.0M | ||
| Q2 25 | $2.1B | $819.0M | ||
| Q1 25 | $2.1B | $814.7M | ||
| Q4 24 | $2.1B | $758.3M | ||
| Q3 24 | $2.1B | $822.5M | ||
| Q2 24 | $2.1B | $748.4M |
总资产AMCASH
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $7.6B | ||
| Q3 25 | $5.7B | $7.2B | ||
| Q2 25 | $5.7B | $7.2B | ||
| Q1 25 | $5.8B | $7.0B | ||
| Q4 24 | $5.8B | $7.6B | ||
| Q3 24 | $5.8B | $7.5B | ||
| Q2 24 | $5.8B | $7.5B |
负债/权益比AMCASH
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 0.04× | ||
| Q3 25 | 1.46× | 0.04× | ||
| Q2 25 | 1.45× | 0.04× | ||
| Q1 25 | 1.49× | 0.04× | ||
| Q4 24 | 1.47× | 0.04× | ||
| Q3 24 | 1.49× | 0.04× | ||
| Q2 24 | 1.50× | 0.04× |
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 | $108.3M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | $104.1M |
| 自由现金流率自由现金流/营收 | 64.2% | 60.1% |
| 资本支出强度资本支出/营收 | 11.1% | 2.4% |
| 现金转化率经营现金流/净利润 | 1.65× | 3.08× |
| 过去12个月自由现金流最近4个季度 | — | $616.8M |
8季度趋势，按日历期对齐
经营现金流AMCASH
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $108.3M | ||
| Q3 25 | $212.8M | $303.7M | ||
| Q2 25 | $265.2M | $30.4M | ||
| Q1 25 | $198.9M | $188.3M | ||
| Q4 24 | $232.7M | $-71.7M | ||
| Q3 24 | $184.9M | $143.1M | ||
| Q2 24 | $215.8M | $113.2M |
自由现金流AMCASH
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $104.1M | ||
| Q3 25 | — | $300.3M | ||
| Q2 25 | — | $27.7M | ||
| Q1 25 | — | $184.7M | ||
| Q4 24 | — | $-73.8M | ||
| Q3 24 | $184.3M | $138.8M | ||
| Q2 24 | $147.2M | $111.0M |
自由现金流率AMCASH
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | 60.1% | ||
| Q3 25 | — | 160.9% | ||
| Q2 25 | — | 14.1% | ||
| Q1 25 | — | 67.2% | ||
| Q4 24 | — | -40.4% | ||
| Q3 24 | 68.3% | 77.3% | ||
| Q2 24 | 54.6% | 58.8% |
资本支出强度AMCASH
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | 0.0% | 1.1% | ||
| Q3 24 | 0.2% | 2.4% | ||
| Q2 24 | 25.4% | 1.2% |
现金转化率AMCASH
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 3.08× | ||
| Q3 25 | 1.84× | 7.83× | ||
| Q2 25 | 2.13× | 0.72× | ||
| Q1 25 | 1.65× | 2.51× | ||
| Q4 24 | 2.09× | -2.39× | ||
| Q3 24 | 1.85× | 4.27× | ||
| Q2 24 | 2.51× | 2.52× |
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% |
CASH
| Consumer | $103.0M | 59% |
| Payment Card And Deposit Fees | $30.1M | 17% |
| Other | $24.2M | 14% |
| Rental Income | $11.6M | 7% |
| Commercial | $4.2M | 2% |
