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Antero Midstream Corp（AM）与COMMERCE BANCSHARES INC（CBSH）财务数据对比。点击上方公司名可切换其他公司
COMMERCE BANCSHARES INC的季度营收约是Antero Midstream Corp的1.6倍（$475.7M vs $291.1M），Antero Midstream Corp净利率更高（41.5% vs 29.8%，领先11.7%），COMMERCE BANCSHARES INC同比增速更快（11.1% vs -7.3%），过去两年COMMERCE BANCSHARES INC的营收复合增速更高（7.1% 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。
Commerce Bancshares, Inc.是总部位于美国密苏里州的区域性银行控股公司，在堪萨斯城和圣路易斯设有核心办公点，旗下Commerce Bank提供多元化金融服务，覆盖企业及个人银行、财富管理、关联公司投资等业务。
AM vs CBSH — 直观对比
营收规模更大
CBSH
是对方的1.6倍
$291.1M
营收增速更快
CBSH
高出18.5%
-7.3%
净利率更高
AM
高出11.7%
29.8%
两年增速更快
CBSH
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $475.7M |
| 净利润 | $120.7M | $141.6M |
| 毛利率 | — | — |
| 营业利润率 | 60.9% | — |
| 净利率 | 41.5% | 29.8% |
| 营收同比 | -7.3% | 11.1% |
| 净利润同比 | 2.1% | 10.5% |
| 每股收益（稀释后） | $0.25 | $0.96 |
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AMCBSH
| Q1 26 | $291.1M | $475.7M | ||
| Q4 25 | $297.0M | $449.4M | ||
| Q3 25 | $294.8M | $441.0M | ||
| Q2 25 | $305.5M | $445.8M | ||
| Q1 25 | $291.1M | $428.1M | ||
| Q4 24 | $287.5M | $422.1M | ||
| Q3 24 | $269.9M | $421.4M | ||
| Q2 24 | $269.8M | $414.5M |
净利润AMCBSH
| Q1 26 | $120.7M | $141.6M | ||
| Q4 25 | $51.9M | $140.7M | ||
| Q3 25 | $116.0M | $141.5M | ||
| Q2 25 | $124.5M | $152.5M | ||
| Q1 25 | $120.7M | $131.6M | ||
| Q4 24 | $111.2M | $136.1M | ||
| Q3 24 | $99.7M | $138.0M | ||
| Q2 24 | $86.0M | $139.6M |
营业利润率AMCBSH
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 40.8% | ||
| Q3 25 | 61.2% | 41.9% | ||
| Q2 25 | 61.0% | 44.0% | ||
| Q1 25 | 60.9% | 39.2% | ||
| Q4 24 | 61.8% | 41.2% | ||
| Q3 24 | 60.2% | 42.4% | ||
| Q2 24 | 56.6% | 43.4% |
净利率AMCBSH
| Q1 26 | 41.5% | 29.8% | ||
| Q4 25 | 17.5% | 31.3% | ||
| Q3 25 | 39.3% | 32.1% | ||
| Q2 25 | 40.8% | 34.2% | ||
| Q1 25 | 41.5% | 30.7% | ||
| Q4 24 | 38.7% | 32.2% | ||
| Q3 24 | 37.0% | 32.8% | ||
| Q2 24 | 31.9% | 33.7% |
每股收益（稀释后）AMCBSH
| Q1 26 | $0.25 | $0.96 | ||
| Q4 25 | $0.11 | $0.86 | ||
| Q3 25 | $0.24 | $1.06 | ||
| Q2 25 | $0.26 | $1.14 | ||
| Q1 25 | $0.25 | $0.98 | ||
| Q4 24 | $0.23 | $0.83 | ||
| Q3 24 | $0.21 | $1.01 | ||
| Q2 24 | $0.18 | $1.03 |
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 | $4.3B |
| 总资产 | $5.9B | $35.7B |
| 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AMCBSH
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务AMCBSH
| 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AMCBSH
| Q1 26 | $2.0B | $4.3B | ||
| Q4 25 | $2.0B | $3.8B | ||
| Q3 25 | $2.1B | $3.8B | ||
| Q2 25 | $2.1B | $3.6B | ||
| Q1 25 | $2.1B | $3.5B | ||
| Q4 24 | $2.1B | $3.3B | ||
| Q3 24 | $2.1B | $3.4B | ||
| Q2 24 | $2.1B | $3.1B |
总资产AMCBSH
| Q1 26 | $5.9B | $35.7B | ||
| Q4 25 | $5.9B | $32.9B | ||
| Q3 25 | $5.7B | $32.3B | ||
| Q2 25 | $5.7B | $32.3B | ||
| Q1 25 | $5.8B | $32.4B | ||
| Q4 24 | $5.8B | $32.0B | ||
| Q3 24 | $5.8B | $31.5B | ||
| Q2 24 | $5.8B | $30.6B |
负债/权益比AMCBSH
| 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 | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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AMCBSH
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $645.1M | ||
| Q3 25 | $212.8M | $129.0M | ||
| Q2 25 | $265.2M | $111.2M | ||
| Q1 25 | $198.9M | $138.6M | ||
| Q4 24 | $232.7M | $577.9M | ||
| Q3 24 | $184.9M | $431.7M | ||
| Q2 24 | $215.8M | $147.4M |
自由现金流AMCBSH
| Q1 26 | — | — | ||
| Q4 25 | — | $592.4M | ||
| Q3 25 | — | $113.3M | ||
| Q2 25 | — | $100.5M | ||
| Q1 25 | — | $126.0M | ||
| Q4 24 | — | $531.7M | ||
| Q3 24 | $184.3M | $419.1M | ||
| Q2 24 | $147.2M | $138.9M |
自由现金流率AMCBSH
| Q1 26 | — | — | ||
| Q4 25 | — | 131.8% | ||
| Q3 25 | — | 25.7% | ||
| Q2 25 | — | 22.5% | ||
| Q1 25 | — | 29.4% | ||
| Q4 24 | — | 126.0% | ||
| Q3 24 | 68.3% | 99.5% | ||
| Q2 24 | 54.6% | 33.5% |
资本支出强度AMCBSH
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 11.7% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | 0.0% | 10.9% | ||
| Q3 24 | 0.2% | 3.0% | ||
| Q2 24 | 25.4% | 2.1% |
现金转化率AMCBSH
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 4.59× | ||
| Q3 25 | 1.84× | 0.91× | ||
| Q2 25 | 2.13× | 0.73× | ||
| Q1 25 | 1.65× | 1.05× | ||
| Q4 24 | 2.09× | 4.25× | ||
| Q3 24 | 1.85× | 3.13× | ||
| Q2 24 | 2.51× | 1.06× |
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% |
CBSH
暂无分部数据
