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Antero Midstream Corp（AM）与Enphase Energy（ENPH）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Enphase Energy的1.0倍（$297.0M vs $282.9M），Antero Midstream Corp净利率更高（17.5% vs -2.6%，领先20.1%），Antero Midstream Corp同比增速更快（3.3% vs -20.6%），过去两年Antero Midstream Corp的营收复合增速更高（3.2% vs -3.4%）
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。
Enphase Energy是总部位于美国加利福尼亚州弗里蒙特的能源科技企业，成立于2006年，是全球首家成功实现光伏微型逆变器商业化的企业，主要面向住宅用户研发生产光伏微型逆变器、储能电池及电动汽车充电桩。
AM vs ENPH — 直观对比
营收规模更大
AM
是对方的1.0倍
$282.9M
营收增速更快
AM
高出23.9%
-20.6%
净利率更高
AM
高出20.1%
-2.6%
两年增速更快
AM
近两年复合增速
-3.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $297.0M | $282.9M |
| 净利润 | $51.9M | $-7.4M |
| 毛利率 | — | 35.5% |
| 营业利润率 | 33.8% | — |
| 净利率 | 17.5% | -2.6% |
| 营收同比 | 3.3% | -20.6% |
| 净利润同比 | -53.3% | -124.9% |
| 每股收益（稀释后） | $0.11 | $-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AMENPH
| Q1 26 | — | $282.9M | ||
| Q4 25 | $297.0M | $343.3M | ||
| Q3 25 | $294.8M | $410.4M | ||
| Q2 25 | $305.5M | $363.2M | ||
| Q1 25 | $291.1M | $356.1M | ||
| Q4 24 | $287.5M | $382.7M | ||
| Q3 24 | $269.9M | $380.9M | ||
| Q2 24 | $269.8M | $303.5M |
净利润AMENPH
| Q1 26 | — | $-7.4M | ||
| Q4 25 | $51.9M | $38.7M | ||
| Q3 25 | $116.0M | $66.6M | ||
| Q2 25 | $124.5M | $37.1M | ||
| Q1 25 | $120.7M | $29.7M | ||
| Q4 24 | $111.2M | $62.2M | ||
| Q3 24 | $99.7M | $45.8M | ||
| Q2 24 | $86.0M | $10.8M |
毛利率AMENPH
| Q1 26 | — | 35.5% | ||
| Q4 25 | — | 44.3% | ||
| Q3 25 | — | 47.8% | ||
| Q2 25 | — | 46.9% | ||
| Q1 25 | — | 47.2% | ||
| Q4 24 | — | 51.8% | ||
| Q3 24 | — | 46.8% | ||
| Q2 24 | — | 45.2% |
营业利润率AMENPH
| Q1 26 | — | — | ||
| Q4 25 | 33.8% | 6.5% | ||
| Q3 25 | 61.2% | 16.1% | ||
| Q2 25 | 61.0% | 10.2% | ||
| Q1 25 | 60.9% | 9.0% | ||
| Q4 24 | 61.8% | 14.3% | ||
| Q3 24 | 60.2% | 13.1% | ||
| Q2 24 | 56.6% | 0.6% |
净利率AMENPH
| Q1 26 | — | -2.6% | ||
| Q4 25 | 17.5% | 11.3% | ||
| Q3 25 | 39.3% | 16.2% | ||
| Q2 25 | 40.8% | 10.2% | ||
| Q1 25 | 41.5% | 8.3% | ||
| Q4 24 | 38.7% | 16.2% | ||
| Q3 24 | 37.0% | 12.0% | ||
| Q2 24 | 31.9% | 3.6% |
每股收益（稀释后）AMENPH
| Q1 26 | — | $-0.06 | ||
| Q4 25 | $0.11 | $0.29 | ||
| Q3 25 | $0.24 | $0.50 | ||
| Q2 25 | $0.26 | $0.28 | ||
| Q1 25 | $0.25 | $0.22 | ||
| Q4 24 | $0.23 | $0.46 | ||
| Q3 24 | $0.21 | $0.33 | ||
| 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 | $497.5M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.0B | $1.1B |
| 总资产 | $5.9B | $2.7B |
| 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AMENPH
| Q1 26 | — | $497.5M | ||
| Q4 25 | $180.4M | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.6B |
总债务AMENPH
| Q1 26 | — | — | ||
| Q4 25 | $3.2B | $1.2B | ||
| Q3 25 | $3.0B | $1.2B | ||
| Q2 25 | $3.0B | $1.2B | ||
| Q1 25 | $3.1B | $1.2B | ||
| Q4 24 | $3.1B | $1.3B | ||
| Q3 24 | $3.2B | $1.3B | ||
| Q2 24 | $3.2B | $1.3B |
股东权益AMENPH
| Q1 26 | — | $1.1B | ||
| Q4 25 | $2.0B | $1.1B | ||
| Q3 25 | $2.1B | $995.0M | ||
| Q2 25 | $2.1B | $880.6M | ||
| Q1 25 | $2.1B | $810.7M | ||
| Q4 24 | $2.1B | $833.0M | ||
| Q3 24 | $2.1B | $931.4M | ||
| Q2 24 | $2.1B | $884.5M |
总资产AMENPH
| Q1 26 | — | $2.7B | ||
| Q4 25 | $5.9B | $3.5B | ||
| Q3 25 | $5.7B | $3.3B | ||
| Q2 25 | $5.7B | $3.2B | ||
| Q1 25 | $5.8B | $3.1B | ||
| Q4 24 | $5.8B | $3.2B | ||
| Q3 24 | $5.8B | $3.3B | ||
| Q2 24 | $5.8B | $3.2B |
负债/权益比AMENPH
| Q1 26 | — | — | ||
| Q4 25 | 1.63× | 1.11× | ||
| Q3 25 | 1.46× | 1.21× | ||
| Q2 25 | 1.45× | 1.37× | ||
| Q1 25 | 1.49× | 1.48× | ||
| Q4 24 | 1.47× | 1.56× | ||
| Q3 24 | 1.49× | 1.40× | ||
| Q2 24 | 1.50× | 1.47× |
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 | $255.5M | $102.9M |
| 自由现金流经营现金流 - 资本支出 | — | $83.0M |
| 自由现金流率自由现金流/营收 | — | 29.3% |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 4.92× | — |
| 过去12个月自由现金流最近4个季度 | — | $145.1M |
8季度趋势，按日历期对齐
经营现金流AMENPH
| Q1 26 | — | $102.9M | ||
| Q4 25 | $255.5M | $47.6M | ||
| Q3 25 | $212.8M | $13.9M | ||
| Q2 25 | $265.2M | $26.6M | ||
| Q1 25 | $198.9M | $48.4M | ||
| Q4 24 | $232.7M | $167.3M | ||
| Q3 24 | $184.9M | $170.1M | ||
| Q2 24 | $215.8M | $127.1M |
自由现金流AMENPH
| Q1 26 | — | $83.0M | ||
| Q4 25 | — | $37.8M | ||
| Q3 25 | — | $5.9M | ||
| Q2 25 | — | $18.4M | ||
| Q1 25 | — | $33.8M | ||
| Q4 24 | — | $159.2M | ||
| Q3 24 | $184.3M | $161.6M | ||
| Q2 24 | $147.2M | $117.4M |
自由现金流率AMENPH
| Q1 26 | — | 29.3% | ||
| Q4 25 | — | 11.0% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 5.1% | ||
| Q1 25 | — | 9.5% | ||
| Q4 24 | — | 41.6% | ||
| Q3 24 | 68.3% | 42.4% | ||
| Q2 24 | 54.6% | 38.7% |
资本支出强度AMENPH
| Q1 26 | — | — | ||
| Q4 25 | — | 2.8% | ||
| Q3 25 | — | 2.0% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | — | 4.1% | ||
| Q4 24 | 0.0% | 2.1% | ||
| Q3 24 | 0.2% | 2.2% | ||
| Q2 24 | 25.4% | 3.2% |
现金转化率AMENPH
| Q1 26 | — | — | ||
| Q4 25 | 4.92× | 1.23× | ||
| Q3 25 | 1.84× | 0.21× | ||
| Q2 25 | 2.13× | 0.72× | ||
| Q1 25 | 1.65× | 1.63× | ||
| Q4 24 | 2.09× | 2.69× | ||
| Q3 24 | 1.85× | 3.72× | ||
| Q2 24 | 2.51× | 11.73× |
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 Low Pressure | $114.2M | 38% |
| Natural Gas Water Handling And Treatment Affiliate | $63.2M | 21% |
| Water Handling | $55.7M | 19% |
| Fresh Water Delivery | $37.2M | 13% |
| Other Fluid Handling | $26.9M | 9% |
ENPH
暂无分部数据
