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Antero Midstream Corp（AM）与Concentra Group Holdings Parent, Inc.（CON）财务数据对比。点击上方公司名可切换其他公司
Concentra Group Holdings Parent, Inc.的季度营收约是Antero Midstream Corp的1.8倍（$539.1M vs $297.0M），Antero Midstream Corp净利率更高（17.5% vs 6.4%，领先11.1%）
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。
Concentra是美国的职业医疗服务商，1979年成立于得克萨斯州阿马里洛，总部位于得克萨斯州艾迪生。业务覆盖美国47个州，运营627家职业医疗中心和410个雇主驻地现场诊所，美国每7起职业伤害案例中就有1起由该机构提供诊疗服务。
AM vs CON — 直观对比
营收规模更大
CON
是对方的1.8倍
$297.0M
净利率更高
AM
高出11.1%
6.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $297.0M | $539.1M |
| 净利润 | $51.9M | $34.7M |
| 毛利率 | — | — |
| 营业利润率 | 33.8% | 12.9% |
| 净利率 | 17.5% | 6.4% |
| 营收同比 | 3.3% | — |
| 净利润同比 | -53.3% | — |
| 每股收益（稀释后） | $0.11 | $0.27 |
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AMCON
| Q4 25 | $297.0M | $539.1M | ||
| Q3 25 | $294.8M | $572.8M | ||
| Q2 25 | $305.5M | $550.8M | ||
| Q1 25 | $291.1M | $500.8M | ||
| Q4 24 | $287.5M | — | ||
| Q3 24 | $269.9M | $489.6M | ||
| Q2 24 | $269.8M | $477.9M | ||
| Q1 24 | $279.1M | — |
净利润AMCON
| Q4 25 | $51.9M | $34.7M | ||
| Q3 25 | $116.0M | $48.3M | ||
| Q2 25 | $124.5M | $44.6M | ||
| Q1 25 | $120.7M | $38.9M | ||
| Q4 24 | $111.2M | — | ||
| Q3 24 | $99.7M | $44.3M | ||
| Q2 24 | $86.0M | $51.7M | ||
| Q1 24 | $103.9M | — |
营业利润率AMCON
| Q4 25 | 33.8% | 12.9% | ||
| Q3 25 | 61.2% | 16.5% | ||
| Q2 25 | 61.0% | 16.3% | ||
| Q1 25 | 60.9% | 16.0% | ||
| Q4 24 | 61.8% | — | ||
| Q3 24 | 60.2% | 17.6% | ||
| Q2 24 | 56.6% | 17.6% | ||
| Q1 24 | 59.6% | — |
净利率AMCON
| Q4 25 | 17.5% | 6.4% | ||
| Q3 25 | 39.3% | 8.4% | ||
| Q2 25 | 40.8% | 8.1% | ||
| Q1 25 | 41.5% | 7.8% | ||
| Q4 24 | 38.7% | — | ||
| Q3 24 | 37.0% | 9.1% | ||
| Q2 24 | 31.9% | 10.8% | ||
| Q1 24 | 37.2% | — |
每股收益（稀释后）AMCON
| Q4 25 | $0.11 | $0.27 | ||
| Q3 25 | $0.24 | $0.38 | ||
| Q2 25 | $0.26 | $0.35 | ||
| Q1 25 | $0.25 | $0.30 | ||
| Q4 24 | $0.23 | — | ||
| Q3 24 | $0.21 | $0.37 | ||
| Q2 24 | $0.18 | $0.50 | ||
| Q1 24 | $0.21 | — |
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 | $79.9M |
| 总债务越低越好 | $3.2B | $1.6B |
| 股东权益账面价值 | $2.0B | $393.3M |
| 总资产 | $5.9B | $2.9B |
| 负债/权益比越低杠杆越低 | 1.63× | 3.98× |
8季度趋势，按日历期对齐
现金及短期投资AMCON
| Q4 25 | $180.4M | $79.9M | ||
| Q3 25 | — | $49.9M | ||
| Q2 25 | — | $73.9M | ||
| Q1 25 | — | $52.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $136.8M | ||
| Q2 24 | — | $50.7M | ||
| Q1 24 | $26.1M | — |
总债务AMCON
| Q4 25 | $3.2B | $1.6B | ||
| Q3 25 | $3.0B | $1.6B | ||
| Q2 25 | $3.0B | $1.7B | ||
| Q1 25 | $3.1B | $1.6B | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.2B | $1.5B | ||
| Q2 24 | $3.2B | $3.0M | ||
| Q1 24 | $3.2B | — |
股东权益AMCON
| Q4 25 | $2.0B | $393.3M | ||
| Q3 25 | $2.1B | $385.5M | ||
| Q2 25 | $2.1B | $342.6M | ||
| Q1 25 | $2.1B | $307.1M | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.1B | $277.8M | ||
| Q2 24 | $2.1B | $1.2B | ||
| Q1 24 | $2.2B | — |
总资产AMCON
| Q4 25 | $5.9B | $2.9B | ||
| Q3 25 | $5.7B | $2.8B | ||
| Q2 25 | $5.7B | $2.8B | ||
| Q1 25 | $5.8B | $2.7B | ||
| Q4 24 | $5.8B | — | ||
| Q3 24 | $5.8B | $2.5B | ||
| Q2 24 | $5.8B | $2.4B | ||
| Q1 24 | $5.7B | — |
负债/权益比AMCON
| Q4 25 | 1.63× | 3.98× | ||
| Q3 25 | 1.46× | 4.15× | ||
| Q2 25 | 1.45× | 4.82× | ||
| Q1 25 | 1.49× | 5.27× | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | 1.49× | 5.30× | ||
| Q2 24 | 1.50× | 0.00× | ||
| Q1 24 | 1.48× | — |
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 | $255.5M | $118.7M |
| 自由现金流经营现金流 - 资本支出 | — | $98.5M |
| 自由现金流率自由现金流/营收 | — | 18.3% |
| 资本支出强度资本支出/营收 | — | 3.7% |
| 现金转化率经营现金流/净利润 | 4.92× | 3.42× |
| 过去12个月自由现金流最近4个季度 | — | $197.1M |
8季度趋势，按日历期对齐
经营现金流AMCON
| Q4 25 | $255.5M | $118.7M | ||
| Q3 25 | $212.8M | $60.6M | ||
| Q2 25 | $265.2M | $88.4M | ||
| Q1 25 | $198.9M | $11.7M | ||
| Q4 24 | $232.7M | — | ||
| Q3 24 | $184.9M | $65.9M | ||
| Q2 24 | $215.8M | — | ||
| Q1 24 | $210.6M | — |
自由现金流AMCON
| Q4 25 | — | $98.5M | ||
| Q3 25 | — | $39.4M | ||
| Q2 25 | — | $63.2M | ||
| Q1 25 | — | $-4.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $184.3M | $50.8M | ||
| Q2 24 | $147.2M | — | ||
| Q1 24 | $208.5M | — |
自由现金流率AMCON
| Q4 25 | — | 18.3% | ||
| Q3 25 | — | 6.9% | ||
| Q2 25 | — | 11.5% | ||
| Q1 25 | — | -0.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | 68.3% | 10.4% | ||
| Q2 24 | 54.6% | — | ||
| Q1 24 | 74.7% | — |
资本支出强度AMCON
| Q4 25 | — | 3.7% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.2% | 3.1% | ||
| Q2 24 | 25.4% | — | ||
| Q1 24 | 0.7% | — |
现金转化率AMCON
| Q4 25 | 4.92× | 3.42× | ||
| Q3 25 | 1.84× | 1.26× | ||
| Q2 25 | 2.13× | 1.98× | ||
| Q1 25 | 1.65× | 0.30× | ||
| Q4 24 | 2.09× | — | ||
| Q3 24 | 1.85× | 1.49× | ||
| Q2 24 | 2.51× | — | ||
| Q1 24 | 2.03× | — |
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 Low Pressure | $114.2M | 38% |
| Natural Gas Water Handling And Treatment Affiliate | $63.2M | 21% |
| Water Handling | $55.7M | 19% |
| Fresh Water Delivery | $37.2M | 13% |
| Other Fluid Handling | $26.9M | 9% |
CON
| Occupational Health Center Workers Compensation | $328.5M | 61% |
| Occupational Health Center Employer Services | $151.9M | 28% |
| Onsite Health Clinics | $36.2M | 7% |
| Other Businesses | $12.3M | 2% |
| Occupational Health Center Consumer Health | $8.1M | 2% |
| Occupational Health Center Other | $2.1M | 0% |
