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Antero Midstream Corp（AM）与慧与（EFSC）财务数据对比。点击上方公司名可切换其他公司
Antero Midstream Corp的季度营收约是慧与的1.6倍（$291.1M vs $185.2M），Antero Midstream Corp净利率更高（41.5% vs 26.6%，领先14.8%），过去两年慧与的营收复合增速更高（9.0% 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。
慧与（Hewlett Packard Enterprise，简称HPE）是总部位于美国得克萨斯州斯普林的跨国信息技术企业，面向企业客户提供服务器、存储、网络、容器化软件及咨询支持服务，2018年位列美国《财富》500强第107位。
AM vs EFSC — 直观对比
营收规模更大
AM
是对方的1.6倍
$185.2M
净利率更高
AM
高出14.8%
26.6%
两年增速更快
EFSC
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $185.2M |
| 净利润 | $120.7M | $49.4M |
| 毛利率 | — | — |
| 营业利润率 | 60.9% | — |
| 净利率 | 41.5% | 26.6% |
| 营收同比 | -7.3% | — |
| 净利润同比 | 2.1% | -1.2% |
| 每股收益（稀释后） | $0.25 | $1.30 |
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AMEFSC
| Q1 26 | $291.1M | $185.2M | ||
| Q4 25 | $297.0M | $193.6M | ||
| Q3 25 | $294.8M | $206.9M | ||
| Q2 25 | $305.5M | $173.4M | ||
| Q1 25 | $291.1M | $166.0M | ||
| Q4 24 | $287.5M | $167.0M | ||
| Q3 24 | $269.9M | $164.9M | ||
| Q2 24 | $269.8M | $156.0M |
净利润AMEFSC
| Q1 26 | $120.7M | $49.4M | ||
| Q4 25 | $51.9M | $54.8M | ||
| Q3 25 | $116.0M | $45.2M | ||
| Q2 25 | $124.5M | $51.4M | ||
| Q1 25 | $120.7M | $50.0M | ||
| Q4 24 | $111.2M | $48.8M | ||
| Q3 24 | $99.7M | $50.6M | ||
| Q2 24 | $86.0M | $45.4M |
营业利润率AMEFSC
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | — | ||
| Q3 25 | 61.2% | 42.9% | ||
| Q2 25 | 61.0% | 37.0% | ||
| Q1 25 | 60.9% | 36.8% | ||
| Q4 24 | 61.8% | — | ||
| Q3 24 | 60.2% | 38.1% | ||
| Q2 24 | 56.6% | 36.7% |
净利率AMEFSC
| Q1 26 | 41.5% | 26.6% | ||
| Q4 25 | 17.5% | 28.3% | ||
| Q3 25 | 39.3% | 21.9% | ||
| Q2 25 | 40.8% | 29.6% | ||
| Q1 25 | 41.5% | 30.1% | ||
| Q4 24 | 38.7% | 29.2% | ||
| Q3 24 | 37.0% | 30.7% | ||
| Q2 24 | 31.9% | 29.1% |
每股收益（稀释后）AMEFSC
| Q1 26 | $0.25 | $1.30 | ||
| Q4 25 | $0.11 | $1.45 | ||
| Q3 25 | $0.24 | $1.19 | ||
| Q2 25 | $0.26 | $1.36 | ||
| Q1 25 | $0.25 | $1.31 | ||
| Q4 24 | $0.23 | $1.27 | ||
| Q3 24 | $0.21 | $1.32 | ||
| Q2 24 | $0.18 | $1.19 |
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 | — |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.0B | $2.1B |
| 总资产 | $5.9B | $17.3B |
| 负债/权益比越低杠杆越低 | 1.63× | — |
8季度趋势，按日历期对齐
现金及短期投资AMEFSC
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务AMEFSC
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.1B | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — |
股东权益AMEFSC
| Q1 26 | $2.0B | $2.1B | ||
| Q4 25 | $2.0B | $2.0B | ||
| Q3 25 | $2.1B | $2.0B | ||
| Q2 25 | $2.1B | $1.9B | ||
| Q1 25 | $2.1B | $1.9B | ||
| Q4 24 | $2.1B | $1.8B | ||
| Q3 24 | $2.1B | $1.8B | ||
| Q2 24 | $2.1B | $1.8B |
总资产AMEFSC
| Q1 26 | $5.9B | $17.3B | ||
| Q4 25 | $5.9B | $17.3B | ||
| Q3 25 | $5.7B | $16.4B | ||
| Q2 25 | $5.7B | $16.1B | ||
| Q1 25 | $5.8B | $15.7B | ||
| Q4 24 | $5.8B | $15.6B | ||
| Q3 24 | $5.8B | $15.0B | ||
| Q2 24 | $5.8B | $14.6B |
负债/权益比AMEFSC
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.46× | — | ||
| Q2 25 | 1.45× | — | ||
| Q1 25 | 1.49× | — | ||
| Q4 24 | 1.47× | — | ||
| 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 | — |
| 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AMEFSC
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $193.5M | ||
| Q3 25 | $212.8M | $49.4M | ||
| Q2 25 | $265.2M | $61.3M | ||
| Q1 25 | $198.9M | $40.0M | ||
| Q4 24 | $232.7M | $247.4M | ||
| Q3 24 | $184.9M | $89.0M | ||
| Q2 24 | $215.8M | $76.5M |
自由现金流AMEFSC
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $181.5M | ||
| Q3 25 | — | $47.1M | ||
| Q2 25 | — | $59.0M | ||
| Q1 25 | — | $35.6M | ||
| Q4 24 | — | $239.9M | ||
| Q3 24 | $184.3M | $88.2M | ||
| Q2 24 | $147.2M | $74.7M |
自由现金流率AMEFSC
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | 93.8% | ||
| Q3 25 | — | 22.8% | ||
| Q2 25 | — | 34.0% | ||
| Q1 25 | — | 21.5% | ||
| Q4 24 | — | 143.7% | ||
| Q3 24 | 68.3% | 53.5% | ||
| Q2 24 | 54.6% | 47.9% |
资本支出强度AMEFSC
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 6.2% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 1.3% | ||
| Q1 25 | — | 2.7% | ||
| Q4 24 | 0.0% | 4.5% | ||
| Q3 24 | 0.2% | 0.5% | ||
| Q2 24 | 25.4% | 1.1% |
现金转化率AMEFSC
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 3.53× | ||
| Q3 25 | 1.84× | 1.09× | ||
| Q2 25 | 2.13× | 1.19× | ||
| Q1 25 | 1.65× | 0.80× | ||
| Q4 24 | 2.09× | 5.07× | ||
| Q3 24 | 1.85× | 1.76× | ||
| Q2 24 | 2.51× | 1.68× |
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% |
EFSC
| Net Interest Income | $166.1M | 90% |
| Noninterest Income | $19.1M | 10% |
