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Antero Midstream Corp（AM）与Custom Truck One Source, Inc.（CTOS）财务数据对比。点击上方公司名可切换其他公司
Custom Truck One Source, Inc.的季度营收约是Antero Midstream Corp的1.5倍（$422.2M vs $291.1M），Antero Midstream Corp净利率更高（41.5% vs -4.2%，领先45.7%），Antero Midstream Corp同比增速更快（-7.3% vs -8.5%），过去两年Custom Truck One Source, Inc.的营收复合增速更高（14.8% 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。
Custom Truck One Source是北美领先的专用重型卡车及设备解决方案提供商，业务覆盖定制车辆制造、设备销售与租赁、售后配件供应及维保服务，主要服务基建、公用事业、建筑、能源等核心领域。
AM vs CTOS — 直观对比
营收规模更大
CTOS
是对方的1.5倍
$291.1M
营收增速更快
AM
高出1.2%
-8.5%
净利率更高
AM
高出45.7%
-4.2%
两年增速更快
CTOS
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $422.2M |
| 净利润 | $120.7M | $-17.8M |
| 毛利率 | — | 20.3% |
| 营业利润率 | 60.9% | 2.9% |
| 净利率 | 41.5% | -4.2% |
| 营收同比 | -7.3% | -8.5% |
| 净利润同比 | 2.1% | -333.7% |
| 每股收益（稀释后） | $0.25 | $-0.08 |
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AMCTOS
| Q1 26 | $291.1M | $422.2M | ||
| Q4 25 | $297.0M | $387.3M | ||
| Q3 25 | $294.8M | $359.9M | ||
| Q2 25 | $305.5M | $392.2M | ||
| Q1 25 | $291.1M | $307.1M | ||
| Q4 24 | $287.5M | $398.3M | ||
| Q3 24 | $269.9M | $337.5M | ||
| Q2 24 | $269.8M | $320.6M |
净利润AMCTOS
| Q1 26 | $120.7M | $-17.8M | ||
| Q4 25 | $51.9M | $20.9M | ||
| Q3 25 | $116.0M | $-5.8M | ||
| Q2 25 | $124.5M | $-28.4M | ||
| Q1 25 | $120.7M | $-17.8M | ||
| Q4 24 | $111.2M | $27.6M | ||
| Q3 24 | $99.7M | $-17.4M | ||
| Q2 24 | $86.0M | $-24.5M |
毛利率AMCTOS
| Q1 26 | — | 20.3% | ||
| Q4 25 | — | 31.8% | ||
| Q3 25 | — | 28.0% | ||
| Q2 25 | — | 26.1% | ||
| Q1 25 | — | 27.9% | ||
| Q4 24 | — | 29.7% | ||
| Q3 24 | — | 27.2% | ||
| Q2 24 | — | 27.8% |
营业利润率AMCTOS
| Q1 26 | 60.9% | 2.9% | ||
| Q4 25 | 33.8% | 13.4% | ||
| Q3 25 | 61.2% | 9.1% | ||
| Q2 25 | 61.0% | 7.1% | ||
| Q1 25 | 60.9% | 4.0% | ||
| Q4 24 | 61.8% | 16.9% | ||
| Q3 24 | 60.2% | 6.8% | ||
| Q2 24 | 56.6% | 5.5% |
净利率AMCTOS
| Q1 26 | 41.5% | -4.2% | ||
| Q4 25 | 17.5% | 5.4% | ||
| Q3 25 | 39.3% | -1.6% | ||
| Q2 25 | 40.8% | -7.2% | ||
| Q1 25 | 41.5% | -5.8% | ||
| Q4 24 | 38.7% | 6.9% | ||
| Q3 24 | 37.0% | -5.2% | ||
| Q2 24 | 31.9% | -7.6% |
每股收益（稀释后）AMCTOS
| Q1 26 | $0.25 | $-0.08 | ||
| Q4 25 | $0.11 | $0.10 | ||
| Q3 25 | $0.24 | $-0.03 | ||
| Q2 25 | $0.26 | $-0.13 | ||
| Q1 25 | $0.25 | $-0.08 | ||
| Q4 24 | $0.23 | $0.11 | ||
| Q3 24 | $0.21 | $-0.07 | ||
| Q2 24 | $0.18 | $-0.10 |
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 | $6.3M |
| 总债务越低越好 | $3.2B | $25.9M |
| 股东权益账面价值 | $2.0B | $809.1M |
| 总资产 | $5.9B | $3.4B |
| 负债/权益比越低杠杆越低 | 1.63× | 0.03× |
8季度趋势，按日历期对齐
现金及短期投资AMCTOS
| Q1 26 | $180.4M | $6.3M | ||
| Q4 25 | $180.4M | $6.3M | ||
| Q3 25 | — | $13.1M | ||
| Q2 25 | — | $5.3M | ||
| Q1 25 | — | $5.4M | ||
| Q4 24 | — | $3.8M | ||
| Q3 24 | — | $8.4M | ||
| Q2 24 | — | $8.1M |
总债务AMCTOS
| Q1 26 | $3.2B | $25.9M | ||
| Q4 25 | $3.2B | $1.6B | ||
| Q3 25 | $3.0B | $1.6B | ||
| Q2 25 | $3.0B | $1.6B | ||
| Q1 25 | $3.1B | $1.6B | ||
| Q4 24 | $3.1B | $1.5B | ||
| Q3 24 | $3.2B | $1.6B | ||
| Q2 24 | $3.2B | $1.5B |
股东权益AMCTOS
| Q1 26 | $2.0B | $809.1M | ||
| Q4 25 | $2.0B | $809.1M | ||
| Q3 25 | $2.1B | $784.7M | ||
| Q2 25 | $2.1B | $790.1M | ||
| Q1 25 | $2.1B | $813.4M | ||
| Q4 24 | $2.1B | $861.3M | ||
| Q3 24 | $2.1B | $837.5M | ||
| Q2 24 | $2.1B | $856.7M |
总资产AMCTOS
| Q1 26 | $5.9B | $3.4B | ||
| Q4 25 | $5.9B | $3.4B | ||
| Q3 25 | $5.7B | $3.5B | ||
| Q2 25 | $5.7B | $3.6B | ||
| Q1 25 | $5.8B | $3.5B | ||
| Q4 24 | $5.8B | $3.5B | ||
| Q3 24 | $5.8B | $3.6B | ||
| Q2 24 | $5.8B | $3.5B |
负债/权益比AMCTOS
| Q1 26 | 1.63× | 0.03× | ||
| Q4 25 | 1.63× | 2.03× | ||
| Q3 25 | 1.46× | 2.10× | ||
| Q2 25 | 1.45× | 2.04× | ||
| Q1 25 | 1.49× | 1.97× | ||
| Q4 24 | 1.47× | 1.77× | ||
| Q3 24 | 1.49× | 1.87× | ||
| Q2 24 | 1.50× | 1.79× |
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 | $186.9M | — |
| 自由现金流率自由现金流/营收 | 64.2% | — |
| 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AMCTOS
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $47.3M | ||
| Q3 25 | $212.8M | $81.5M | ||
| Q2 25 | $265.2M | $125.7M | ||
| Q1 25 | $198.9M | $55.6M | ||
| Q4 24 | $232.7M | $82.1M | ||
| Q3 24 | $184.9M | $16.5M | ||
| Q2 24 | $215.8M | $37.8M |
自由现金流AMCTOS
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $184.3M | — | ||
| Q2 24 | $147.2M | — |
自由现金流率AMCTOS
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 68.3% | — | ||
| Q2 24 | 54.6% | — |
资本支出强度AMCTOS
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 25.4% | — |
现金转化率AMCTOS
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 2.27× | ||
| Q3 25 | 1.84× | — | ||
| Q2 25 | 2.13× | — | ||
| Q1 25 | 1.65× | — | ||
| Q4 24 | 2.09× | 2.98× | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 2.51× | — |
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% |
CTOS
| Equipment sales | $273.9M | 65% |
| Rental revenue | $116.3M | 28% |
| Parts sales and services | $32.1M | 8% |
