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Antero Midstream Corp（AM）与Ecovyst Inc.（ECVT）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Ecovyst Inc.的1.5倍（$291.1M vs $199.4M），Ecovyst Inc.同比增速更快（34.0% vs -7.3%），Antero Midstream Corp自由现金流更多（$186.9M vs $22.9M），过去两年Ecovyst Inc.的营收复合增速更高（18.7% 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。
Ecovyst Inc.是一家全球可持续特种材料供应商，主营高性能催化剂与功能性添加剂的研发、生产，产品服务覆盖工业制造、消费品、环保等核心领域，助力全球客户提升运营效率、降低碳排放。
AM vs ECVT — 直观对比
营收规模更大
AM
是对方的1.5倍
$199.4M
营收增速更快
ECVT
高出41.3%
-7.3%
自由现金流更多
AM
多$164.0M
$22.9M
两年增速更快
ECVT
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $199.4M |
| 净利润 | $120.7M | — |
| 毛利率 | — | 23.4% |
| 营业利润率 | 60.9% | 10.9% |
| 净利率 | 41.5% | — |
| 营收同比 | -7.3% | 34.0% |
| 净利润同比 | 2.1% | — |
| 每股收益（稀释后） | $0.25 | $0.06 |
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AMECVT
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $199.4M | ||
| Q3 25 | $294.8M | $204.9M | ||
| Q2 25 | $305.5M | $176.1M | ||
| Q1 25 | $291.1M | $143.1M | ||
| Q4 24 | $287.5M | $148.9M | ||
| Q3 24 | $269.9M | $153.9M | ||
| Q2 24 | $269.8M | $154.0M |
净利润AMECVT
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | — | ||
| Q3 25 | $116.0M | $-79.3M | ||
| Q2 25 | $124.5M | $6.0M | ||
| Q1 25 | $120.7M | $-3.6M | ||
| Q4 24 | $111.2M | — | ||
| Q3 24 | $99.7M | $14.3M | ||
| Q2 24 | $86.0M | $8.3M |
毛利率AMECVT
| Q1 26 | — | — | ||
| Q4 25 | — | 23.4% | ||
| Q3 25 | — | 25.4% | ||
| Q2 25 | — | 22.8% | ||
| Q1 25 | — | 13.3% | ||
| Q4 24 | — | 28.9% | ||
| Q3 24 | — | 29.3% | ||
| Q2 24 | — | 27.3% |
营业利润率AMECVT
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 10.9% | ||
| Q3 25 | 61.2% | 13.8% | ||
| Q2 25 | 61.0% | 9.0% | ||
| Q1 25 | 60.9% | -0.7% | ||
| Q4 24 | 61.8% | 15.1% | ||
| Q3 24 | 60.2% | 17.9% | ||
| Q2 24 | 56.6% | 14.1% |
净利率AMECVT
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | — | ||
| Q3 25 | 39.3% | -38.7% | ||
| Q2 25 | 40.8% | 3.4% | ||
| Q1 25 | 41.5% | -2.5% | ||
| Q4 24 | 38.7% | — | ||
| Q3 24 | 37.0% | 9.3% | ||
| Q2 24 | 31.9% | 5.4% |
每股收益（稀释后）AMECVT
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $0.06 | ||
| Q3 25 | $0.24 | $-0.69 | ||
| Q2 25 | $0.26 | $0.05 | ||
| Q1 25 | $0.25 | $-0.03 | ||
| Q4 24 | $0.23 | $-0.26 | ||
| Q3 24 | $0.21 | $0.12 | ||
| Q2 24 | $0.18 | $0.07 |
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 | $197.2M |
| 总债务越低越好 | $3.2B | $392.6M |
| 股东权益账面价值 | $2.0B | $603.4M |
| 总资产 | $5.9B | $1.3B |
| 负债/权益比越低杠杆越低 | 1.63× | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资AMECVT
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $197.2M | ||
| Q3 25 | — | $82.0M | ||
| Q2 25 | — | $69.6M | ||
| Q1 25 | — | $127.5M | ||
| Q4 24 | — | $131.4M | ||
| Q3 24 | — | $123.5M | ||
| Q2 24 | — | $83.3M |
总债务AMECVT
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $392.6M | ||
| Q3 25 | $3.0B | $854.8M | ||
| Q2 25 | $3.0B | $856.6M | ||
| Q1 25 | $3.1B | $859.0M | ||
| Q4 24 | $3.1B | $860.8M | ||
| Q3 24 | $3.2B | $862.7M | ||
| Q2 24 | $3.2B | $862.4M |
股东权益AMECVT
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $603.4M | ||
| Q3 25 | $2.1B | $607.9M | ||
| Q2 25 | $2.1B | $692.4M | ||
| Q1 25 | $2.1B | $698.7M | ||
| Q4 24 | $2.1B | $700.5M | ||
| Q3 24 | $2.1B | $729.4M | ||
| Q2 24 | $2.1B | $717.3M |
总资产AMECVT
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $1.3B | ||
| Q3 25 | $5.7B | $1.7B | ||
| Q2 25 | $5.7B | $1.8B | ||
| Q1 25 | $5.8B | $1.8B | ||
| Q4 24 | $5.8B | $1.8B | ||
| Q3 24 | $5.8B | $1.8B | ||
| Q2 24 | $5.8B | $1.8B |
负债/权益比AMECVT
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 0.65× | ||
| Q3 25 | 1.46× | 1.41× | ||
| Q2 25 | 1.45× | 1.24× | ||
| Q1 25 | 1.49× | 1.23× | ||
| Q4 24 | 1.47× | 1.23× | ||
| Q3 24 | 1.49× | 1.18× | ||
| Q2 24 | 1.50× | 1.20× |
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 | $41.8M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | $22.9M |
| 自由现金流率自由现金流/营收 | 64.2% | 11.5% |
| 资本支出强度资本支出/营收 | 11.1% | 9.4% |
| 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 | — | $69.9M |
8季度趋势，按日历期对齐
经营现金流AMECVT
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $41.8M | ||
| Q3 25 | $212.8M | $55.3M | ||
| Q2 25 | $265.2M | $33.0M | ||
| Q1 25 | $198.9M | $10.3M | ||
| Q4 24 | $232.7M | $43.5M | ||
| Q3 24 | $184.9M | $59.9M | ||
| Q2 24 | $215.8M | $10.0M |
自由现金流AMECVT
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $22.9M | ||
| Q3 25 | — | $53.2M | ||
| Q2 25 | — | $7.8M | ||
| Q1 25 | — | $-14.0M | ||
| Q4 24 | — | $30.9M | ||
| Q3 24 | $184.3M | $53.6M | ||
| Q2 24 | $147.2M | $-9.3M |
自由现金流率AMECVT
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | 11.5% | ||
| Q3 25 | — | 26.0% | ||
| Q2 25 | — | 4.4% | ||
| Q1 25 | — | -9.8% | ||
| Q4 24 | — | 20.7% | ||
| Q3 24 | 68.3% | 34.9% | ||
| Q2 24 | 54.6% | -6.1% |
资本支出强度AMECVT
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 9.4% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 14.4% | ||
| Q1 25 | — | 16.9% | ||
| Q4 24 | 0.0% | 8.5% | ||
| Q3 24 | 0.2% | 4.1% | ||
| Q2 24 | 25.4% | 12.5% |
现金转化率AMECVT
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | — | ||
| Q3 25 | 1.84× | — | ||
| Q2 25 | 2.13× | 5.52× | ||
| Q1 25 | 1.65× | — | ||
| Q4 24 | 2.09× | — | ||
| Q3 24 | 1.85× | 4.21× | ||
| Q2 24 | 2.51× | 1.20× |
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% |
ECVT
| Industrial Mining Automotive | $101.3M | 51% |
| Regeneration And Treatment Services | $90.0M | 45% |
| Other | $8.1M | 4% |
