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Antero Midstream Corp（AM）与COPT DEFENSE PROPERTIES（CDP）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COPT DEFENSE PROPERTIES的1.5倍（$291.1M vs $197.4M），Antero Midstream Corp净利率更高（41.5% vs 20.0%，领先21.5%），COPT DEFENSE PROPERTIES同比增速更快（7.6% vs -7.3%），COPT DEFENSE PROPERTIES自由现金流更多（$288.9M vs $186.9M），过去两年Antero Midstream Corp的营收复合增速更高（3.9% vs 1.1%）
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。
COPT Defense Properties是一家专业房地产投资信托基金，重点投资写字楼物业，资产主要布局于华盛顿大都会区的近郊区域，核心租户为美国政府及国防军工行业企业。截至2024年12月31日，公司旗下共持有164栋写字楼，总面积达1650万平方英尺，同时运营31个单租户数据中心，总面积590万平方英尺。
AM vs CDP — 直观对比
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $197.4M |
| 净利润 | $120.7M | $39.4M |
| 毛利率 | — | — |
| 营业利润率 | 60.9% | 19.9% |
| 净利率 | 41.5% | 20.0% |
| 营收同比 | -7.3% | 7.6% |
| 净利润同比 | 2.1% | 8.0% |
| 每股收益（稀释后） | $0.25 | $0.32 |
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
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $197.4M | ||
| Q3 25 | $294.8M | $188.8M | ||
| Q2 25 | $305.5M | $189.9M | ||
| Q1 25 | $291.1M | $187.9M | ||
| Q4 24 | $287.5M | $183.4M | ||
| Q3 24 | $269.9M | $189.2M | ||
| Q2 24 | $269.8M | $187.3M |
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $39.4M | ||
| Q3 25 | $116.0M | $43.7M | ||
| Q2 25 | $124.5M | $40.2M | ||
| Q1 25 | $120.7M | $36.2M | ||
| Q4 24 | $111.2M | $36.5M | ||
| Q3 24 | $99.7M | $37.4M | ||
| Q2 24 | $86.0M | $36.4M |
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 19.9% | ||
| Q3 25 | 61.2% | 22.5% | ||
| Q2 25 | 61.0% | 21.0% | ||
| Q1 25 | 60.9% | 19.1% | ||
| Q4 24 | 61.8% | 19.7% | ||
| Q3 24 | 60.2% | 19.8% | ||
| Q2 24 | 56.6% | 19.4% |
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | 20.0% | ||
| Q3 25 | 39.3% | 23.2% | ||
| Q2 25 | 40.8% | 21.1% | ||
| Q1 25 | 41.5% | 19.3% | ||
| Q4 24 | 38.7% | 19.9% | ||
| Q3 24 | 37.0% | 19.8% | ||
| Q2 24 | 31.9% | 19.4% |
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $0.32 | ||
| Q3 25 | $0.24 | $0.37 | ||
| Q2 25 | $0.26 | $0.34 | ||
| Q1 25 | $0.25 | $0.31 | ||
| Q4 24 | $0.23 | $0.31 | ||
| Q3 24 | $0.21 | $0.32 | ||
| Q2 24 | $0.18 | $0.31 |
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 | $275.0M |
| 总债务越低越好 | $3.2B | $2.8B |
| 股东权益账面价值 | $2.0B | $1.5B |
| 总资产 | $5.9B | $4.7B |
| 负债/权益比越低杠杆越低 | 1.63× | 1.83× |
8季度趋势，按日历期对齐
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $275.0M | ||
| Q3 25 | — | $23.7M | ||
| Q2 25 | — | $21.3M | ||
| Q1 25 | — | $24.3M | ||
| Q4 24 | — | $38.3M | ||
| Q3 24 | — | $34.5M | ||
| Q2 24 | — | $100.4M |
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $2.8B | ||
| Q3 25 | $3.0B | $2.4B | ||
| Q2 25 | $3.0B | $2.4B | ||
| Q1 25 | $3.1B | $2.4B | ||
| Q4 24 | $3.1B | $2.4B | ||
| Q3 24 | $3.2B | $2.4B | ||
| Q2 24 | $3.2B | $2.4B |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $1.5B | ||
| Q3 25 | $2.1B | $1.5B | ||
| Q2 25 | $2.1B | $1.5B | ||
| Q1 25 | $2.1B | $1.5B | ||
| Q4 24 | $2.1B | $1.5B | ||
| Q3 24 | $2.1B | $1.5B | ||
| Q2 24 | $2.1B | $1.5B |
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $4.7B | ||
| Q3 25 | $5.7B | $4.4B | ||
| Q2 25 | $5.7B | $4.3B | ||
| Q1 25 | $5.8B | $4.3B | ||
| Q4 24 | $5.8B | $4.3B | ||
| Q3 24 | $5.8B | $4.2B | ||
| Q2 24 | $5.8B | $4.2B |
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 1.83× | ||
| Q3 25 | 1.46× | 1.62× | ||
| Q2 25 | 1.45× | 1.63× | ||
| Q1 25 | 1.49× | 1.62× | ||
| Q4 24 | 1.47× | 1.60× | ||
| Q3 24 | 1.49× | 1.61× | ||
| Q2 24 | 1.50× | 1.61× |
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 | $309.9M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | $288.9M |
| 自由现金流率自由现金流/营收 | 64.2% | 146.4% |
| 资本支出强度资本支出/营收 | 11.1% | 10.7% |
| 现金转化率经营现金流/净利润 | 1.65× | 7.87× |
| 过去12个月自由现金流最近4个季度 | — | $501.5M |
8季度趋势，按日历期对齐
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $309.9M | ||
| Q3 25 | $212.8M | $68.6M | ||
| Q2 25 | $265.2M | $87.9M | ||
| Q1 25 | $198.9M | $72.1M | ||
| Q4 24 | $232.7M | $331.0M | ||
| Q3 24 | $184.9M | $65.1M | ||
| Q2 24 | $215.8M | $93.8M |
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $288.9M | ||
| Q3 25 | — | $62.9M | ||
| Q2 25 | — | $84.5M | ||
| Q1 25 | — | $65.1M | ||
| Q4 24 | — | $299.6M | ||
| Q3 24 | $184.3M | $61.0M | ||
| Q2 24 | $147.2M | $88.4M |
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | 146.4% | ||
| Q3 25 | — | 33.3% | ||
| Q2 25 | — | 44.5% | ||
| Q1 25 | — | 34.7% | ||
| Q4 24 | — | 163.3% | ||
| Q3 24 | 68.3% | 32.3% | ||
| Q2 24 | 54.6% | 47.2% |
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 10.7% | ||
| Q3 25 | — | 3.0% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | 0.0% | 17.1% | ||
| Q3 24 | 0.2% | 2.1% | ||
| Q2 24 | 25.4% | 2.9% |
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 7.87× | ||
| Q3 25 | 1.84× | 1.57× | ||
| Q2 25 | 2.13× | 2.19× | ||
| Q1 25 | 1.65× | 1.99× | ||
| Q4 24 | 2.09× | 9.08× | ||
| Q3 24 | 1.85× | 1.74× | ||
| Q2 24 | 2.51× | 2.58× |
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% |
CDP
暂无分部数据
