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Antero Midstream Corp（AM）与8X8 INC（EGHT）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8X8 INC的1.6倍（$291.1M vs $185.1M），Antero Midstream Corp净利率更高（41.5% vs 2.8%，领先38.7%），8X8 INC同比增速更快（3.4% vs -7.3%），Antero Midstream Corp自由现金流更多（$186.9M vs $19.1M），过去两年Antero Midstream Corp的营收复合增速更高（3.9% vs 1.6%）
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。
8x8 Inc是源自美国的企业级云通信与客户体验软件服务商，依托云架构为企业提供统一通信、呼叫中心及通信平台即服务（CPaaS）等产品方案，公司总部位于加利福尼亚州坎贝尔，其股票在纳斯达克交易所挂牌交易。
AM vs EGHT — 直观对比
营收规模更大
AM
是对方的1.6倍
$185.1M
营收增速更快
EGHT
高出10.8%
-7.3%
净利率更高
AM
高出38.7%
2.8%
自由现金流更多
AM
多$167.8M
$19.1M
两年增速更快
AM
近两年复合增速
1.6%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $185.1M |
| 净利润 | $120.7M | $5.1M |
| 毛利率 | — | 63.9% |
| 营业利润率 | 60.9% | 5.2% |
| 净利率 | 41.5% | 2.8% |
| 营收同比 | -7.3% | 3.4% |
| 净利润同比 | 2.1% | 68.4% |
| 每股收益（稀释后） | $0.25 | $0.04 |
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AMEGHT
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $185.1M | ||
| Q3 25 | $294.8M | $184.1M | ||
| Q2 25 | $305.5M | $181.4M | ||
| Q1 25 | $291.1M | $177.0M | ||
| Q4 24 | $287.5M | $178.9M | ||
| Q3 24 | $269.9M | $181.0M | ||
| Q2 24 | $269.8M | $178.1M |
净利润AMEGHT
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $5.1M | ||
| Q3 25 | $116.0M | $767.0K | ||
| Q2 25 | $124.5M | $-4.3M | ||
| Q1 25 | $120.7M | $-5.4M | ||
| Q4 24 | $111.2M | $3.0M | ||
| Q3 24 | $99.7M | $-14.5M | ||
| Q2 24 | $86.0M | $-10.3M |
毛利率AMEGHT
| Q1 26 | — | — | ||
| Q4 25 | — | 63.9% | ||
| Q3 25 | — | 64.8% | ||
| Q2 25 | — | 66.4% | ||
| Q1 25 | — | 67.8% | ||
| Q4 24 | — | 67.7% | ||
| Q3 24 | — | 68.1% | ||
| Q2 24 | — | 67.9% |
营业利润率AMEGHT
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 5.2% | ||
| Q3 25 | 61.2% | 2.9% | ||
| Q2 25 | 61.0% | 0.3% | ||
| Q1 25 | 60.9% | 0.2% | ||
| Q4 24 | 61.8% | 5.0% | ||
| Q3 24 | 60.2% | 4.0% | ||
| Q2 24 | 56.6% | -0.8% |
净利率AMEGHT
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | 2.8% | ||
| Q3 25 | 39.3% | 0.4% | ||
| Q2 25 | 40.8% | -2.4% | ||
| Q1 25 | 41.5% | -3.1% | ||
| Q4 24 | 38.7% | 1.7% | ||
| Q3 24 | 37.0% | -8.0% | ||
| Q2 24 | 31.9% | -5.8% |
每股收益（稀释后）AMEGHT
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $0.04 | ||
| Q3 25 | $0.24 | $0.01 | ||
| Q2 25 | $0.26 | $-0.03 | ||
| Q1 25 | $0.25 | $-0.04 | ||
| Q4 24 | $0.23 | $0.02 | ||
| Q3 24 | $0.21 | $-0.11 | ||
| Q2 24 | $0.18 | $-0.08 |
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 | $86.9M |
| 总债务越低越好 | $3.2B | $321.2M |
| 股东权益账面价值 | $2.0B | $142.9M |
| 总资产 | $5.9B | $661.5M |
| 负债/权益比越低杠杆越低 | 1.63× | 2.25× |
8季度趋势，按日历期对齐
现金及短期投资AMEGHT
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $86.9M | ||
| Q3 25 | — | $75.9M | ||
| Q2 25 | — | $81.3M | ||
| Q1 25 | — | $88.0M | ||
| Q4 24 | — | $104.2M | ||
| Q3 24 | — | $117.4M | ||
| Q2 24 | — | $130.8M |
总债务AMEGHT
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $321.2M | ||
| Q3 25 | $3.0B | $325.8M | ||
| Q2 25 | $3.0B | $335.4M | ||
| Q1 25 | $3.1B | $350.0M | ||
| Q4 24 | $3.1B | $364.5M | ||
| Q3 24 | $3.2B | $396.9M | ||
| Q2 24 | $3.2B | — |
股东权益AMEGHT
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $142.9M | ||
| Q3 25 | $2.1B | $133.2M | ||
| Q2 25 | $2.1B | $128.2M | ||
| Q1 25 | $2.1B | $122.2M | ||
| Q4 24 | $2.1B | $113.0M | ||
| Q3 24 | $2.1B | $109.8M | ||
| Q2 24 | $2.1B | $104.6M |
总资产AMEGHT
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $661.5M | ||
| Q3 25 | $5.7B | $670.8M | ||
| Q2 25 | $5.7B | $684.3M | ||
| Q1 25 | $5.8B | $683.2M | ||
| Q4 24 | $5.8B | $698.2M | ||
| Q3 24 | $5.8B | $740.1M | ||
| Q2 24 | $5.8B | $755.7M |
负债/权益比AMEGHT
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 2.25× | ||
| Q3 25 | 1.46× | 2.45× | ||
| Q2 25 | 1.45× | 2.62× | ||
| Q1 25 | 1.49× | 2.86× | ||
| Q4 24 | 1.47× | 3.23× | ||
| Q3 24 | 1.49× | 3.61× | ||
| 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 | $20.7M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | $19.1M |
| 自由现金流率自由现金流/营收 | 64.2% | 10.3% |
| 资本支出强度资本支出/营收 | 11.1% | 0.9% |
| 现金转化率经营现金流/净利润 | 1.65× | 4.07× |
| 过去12个月自由现金流最近4个季度 | — | $43.8M |
8季度趋势，按日历期对齐
经营现金流AMEGHT
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $20.7M | ||
| Q3 25 | $212.8M | $8.8M | ||
| Q2 25 | $265.2M | $11.9M | ||
| Q1 25 | $198.9M | $5.9M | ||
| Q4 24 | $232.7M | $27.2M | ||
| Q3 24 | $184.9M | $12.3M | ||
| Q2 24 | $215.8M | $18.1M |
自由现金流AMEGHT
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $19.1M | ||
| Q3 25 | — | $7.7M | ||
| Q2 25 | — | $11.5M | ||
| Q1 25 | — | $5.5M | ||
| Q4 24 | — | $26.8M | ||
| Q3 24 | $184.3M | $11.1M | ||
| Q2 24 | $147.2M | $17.8M |
自由现金流率AMEGHT
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | 10.3% | ||
| Q3 25 | — | 4.2% | ||
| Q2 25 | — | 6.3% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 15.0% | ||
| Q3 24 | 68.3% | 6.1% | ||
| Q2 24 | 54.6% | 10.0% |
资本支出强度AMEGHT
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | 0.0% | 0.3% | ||
| Q3 24 | 0.2% | 0.7% | ||
| Q2 24 | 25.4% | 0.2% |
现金转化率AMEGHT
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 4.07× | ||
| Q3 25 | 1.84× | 11.52× | ||
| Q2 25 | 2.13× | — | ||
| Q1 25 | 1.65× | — | ||
| Q4 24 | 2.09× | 9.01× | ||
| 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% |
EGHT
| Services | $179.7M | 97% |
| Other | $5.4M | 3% |
