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Antero Midstream Corp（AM）与Donnelley Financial Solutions, Inc.（DFIN）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Donnelley Financial Solutions, Inc.的1.7倍（$291.1M vs $172.5M），Antero Midstream Corp净利率更高（41.5% vs 3.6%，领先37.9%），Donnelley Financial Solutions, Inc.同比增速更快（10.4% vs -7.3%），Antero Midstream Corp自由现金流更多（$186.9M vs $47.9M），过去两年Antero Midstream Corp的营收复合增速更高（3.9% vs -7.9%）
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。
唐nelley金融解决方案（DFIN）是一家总部位于美国伊利诺伊州芝加哥市的金融合规企业，面向资本市场与投资市场的各类企业，提供符合美国监管要求的软件即服务产品、软件赋能服务、印刷业务及合规相关服务，助力客户满足合规要求。
AM vs DFIN — 直观对比
营收规模更大
AM
是对方的1.7倍
$172.5M
营收增速更快
DFIN
高出17.7%
-7.3%
净利率更高
AM
高出37.9%
3.6%
自由现金流更多
AM
多$139.0M
$47.9M
两年增速更快
AM
近两年复合增速
-7.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $172.5M |
| 净利润 | $120.7M | $6.2M |
| 毛利率 | — | — |
| 营业利润率 | 60.9% | 8.3% |
| 净利率 | 41.5% | 3.6% |
| 营收同比 | -7.3% | 10.4% |
| 净利润同比 | 2.1% | -1.6% |
| 每股收益（稀释后） | $0.25 | $0.31 |
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AMDFIN
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $172.5M | ||
| Q3 25 | $294.8M | $175.3M | ||
| Q2 25 | $305.5M | $218.1M | ||
| Q1 25 | $291.1M | $201.1M | ||
| Q4 24 | $287.5M | $156.3M | ||
| Q3 24 | $269.9M | $179.5M | ||
| Q2 24 | $269.8M | $242.7M |
净利润AMDFIN
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $6.2M | ||
| Q3 25 | $116.0M | $-40.9M | ||
| Q2 25 | $124.5M | $36.1M | ||
| Q1 25 | $120.7M | $31.0M | ||
| Q4 24 | $111.2M | $6.3M | ||
| Q3 24 | $99.7M | $8.7M | ||
| Q2 24 | $86.0M | $44.1M |
营业利润率AMDFIN
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 8.3% | ||
| Q3 25 | 61.2% | 16.1% | ||
| Q2 25 | 61.0% | 24.2% | ||
| Q1 25 | 60.9% | 22.8% | ||
| Q4 24 | 61.8% | 6.0% | ||
| Q3 24 | 60.2% | 10.1% | ||
| Q2 24 | 56.6% | 26.6% |
净利率AMDFIN
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | 3.6% | ||
| Q3 25 | 39.3% | -23.3% | ||
| Q2 25 | 40.8% | 16.6% | ||
| Q1 25 | 41.5% | 15.4% | ||
| Q4 24 | 38.7% | 4.0% | ||
| Q3 24 | 37.0% | 4.8% | ||
| Q2 24 | 31.9% | 18.2% |
每股收益（稀释后）AMDFIN
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $0.31 | ||
| Q3 25 | $0.24 | $-1.49 | ||
| Q2 25 | $0.26 | $1.28 | ||
| Q1 25 | $0.25 | $1.05 | ||
| Q4 24 | $0.23 | $0.21 | ||
| Q3 24 | $0.21 | $0.29 | ||
| Q2 24 | $0.18 | $1.47 |
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 | $24.5M |
| 总债务越低越好 | $3.2B | $171.3M |
| 股东权益账面价值 | $2.0B | $379.2M |
| 总资产 | $5.9B | $800.4M |
| 负债/权益比越低杠杆越低 | 1.63× | 0.45× |
8季度趋势，按日历期对齐
现金及短期投资AMDFIN
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $24.5M | ||
| Q3 25 | — | $22.7M | ||
| Q2 25 | — | $33.8M | ||
| Q1 25 | — | $16.2M | ||
| Q4 24 | — | $57.3M | ||
| Q3 24 | — | $33.6M | ||
| Q2 24 | — | $35.0M |
总债务AMDFIN
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $171.3M | ||
| Q3 25 | $3.0B | $154.7M | ||
| Q2 25 | $3.0B | $190.1M | ||
| Q1 25 | $3.1B | $189.5M | ||
| Q4 24 | $3.1B | $124.7M | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — |
股东权益AMDFIN
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $379.2M | ||
| Q3 25 | $2.1B | $423.1M | ||
| Q2 25 | $2.1B | $432.1M | ||
| Q1 25 | $2.1B | $419.9M | ||
| Q4 24 | $2.1B | $436.1M | ||
| Q3 24 | $2.1B | $444.5M | ||
| Q2 24 | $2.1B | $441.5M |
总资产AMDFIN
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $800.4M | ||
| Q3 25 | $5.7B | $816.3M | ||
| Q2 25 | $5.7B | $874.7M | ||
| Q1 25 | $5.8B | $852.8M | ||
| Q4 24 | $5.8B | $841.6M | ||
| Q3 24 | $5.8B | $843.6M | ||
| Q2 24 | $5.8B | $882.9M |
负债/权益比AMDFIN
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 0.45× | ||
| Q3 25 | 1.46× | 0.37× | ||
| Q2 25 | 1.45× | 0.44× | ||
| Q1 25 | 1.49× | 0.45× | ||
| Q4 24 | 1.47× | 0.29× | ||
| 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 | $59.8M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | $47.9M |
| 自由现金流率自由现金流/营收 | 64.2% | 27.8% |
| 资本支出强度资本支出/营收 | 11.1% | 6.9% |
| 现金转化率经营现金流/净利润 | 1.65× | 9.65× |
| 过去12个月自由现金流最近4个季度 | — | $107.8M |
8季度趋势，按日历期对齐
经营现金流AMDFIN
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $59.8M | ||
| Q3 25 | $212.8M | $74.4M | ||
| Q2 25 | $265.2M | $68.4M | ||
| Q1 25 | $198.9M | $-37.7M | ||
| Q4 24 | $232.7M | $56.4M | ||
| Q3 24 | $184.9M | $86.4M | ||
| Q2 24 | $215.8M | $56.2M |
自由现金流AMDFIN
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $47.9M | ||
| Q3 25 | — | $59.2M | ||
| Q2 25 | — | $51.7M | ||
| Q1 25 | — | $-51.0M | ||
| Q4 24 | — | $41.3M | ||
| Q3 24 | $184.3M | $67.3M | ||
| Q2 24 | $147.2M | $36.8M |
自由现金流率AMDFIN
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | 27.8% | ||
| Q3 25 | — | 33.8% | ||
| Q2 25 | — | 23.7% | ||
| Q1 25 | — | -25.4% | ||
| Q4 24 | — | 26.4% | ||
| Q3 24 | 68.3% | 37.5% | ||
| Q2 24 | 54.6% | 15.2% |
资本支出强度AMDFIN
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 6.9% | ||
| Q3 25 | — | 8.7% | ||
| Q2 25 | — | 7.7% | ||
| Q1 25 | — | 6.6% | ||
| Q4 24 | 0.0% | 9.7% | ||
| Q3 24 | 0.2% | 10.6% | ||
| Q2 24 | 25.4% | 8.0% |
现金转化率AMDFIN
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 9.65× | ||
| Q3 25 | 1.84× | — | ||
| Q2 25 | 2.13× | 1.89× | ||
| Q1 25 | 1.65× | -1.22× | ||
| Q4 24 | 2.09× | 8.95× | ||
| Q3 24 | 1.85× | 9.93× | ||
| Q2 24 | 2.51× | 1.27× |
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% |
DFIN
| Technology Service | $68.0M | 39% |
| Capital Markets Compliance And Communications Management | $61.6M | 36% |
| Investment Companies Software Solutions | $30.9M | 18% |
| Print And Distribution Service | $13.6M | 8% |
