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Antero Midstream Corp（AM）与EPR PROPERTIES（EPR）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EPR PROPERTIES的1.6倍（$291.1M vs $181.3M），Antero Midstream Corp净利率更高（41.5% vs 34.5%，领先6.9%），EPR PROPERTIES同比增速更快（3.6% vs -7.3%），过去两年Antero Midstream Corp的营收复合增速更高（3.9% vs 2.3%）
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。
EPR地产（前身为娱乐地产信托）是总部位于美国密苏里州堪萨斯城的房地产投资信托企业，专注投资游乐园、电影院、滑雪度假村等娱乐类地产项目，截至2022年共持有353处物业。
AM vs EPR — 直观对比
营收规模更大
AM
是对方的1.6倍
$181.3M
营收增速更快
EPR
高出10.9%
-7.3%
净利率更高
AM
高出6.9%
34.5%
两年增速更快
AM
近两年复合增速
2.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $181.3M |
| 净利润 | $120.7M | $62.6M |
| 毛利率 | — | — |
| 营业利润率 | 60.9% | 55.5% |
| 净利率 | 41.5% | 34.5% |
| 营收同比 | -7.3% | 3.6% |
| 净利润同比 | 2.1% | 845.8% |
| 每股收益（稀释后） | $0.25 | $0.74 |
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AMEPR
| Q1 26 | $291.1M | $181.3M | ||
| Q4 25 | $297.0M | $182.9M | ||
| Q3 25 | $294.8M | $182.3M | ||
| Q2 25 | $305.5M | $178.1M | ||
| Q1 25 | $291.1M | $175.0M | ||
| Q4 24 | $287.5M | $177.2M | ||
| Q3 24 | $269.9M | $180.5M | ||
| Q2 24 | $269.8M | $173.1M |
净利润AMEPR
| Q1 26 | $120.7M | $62.6M | ||
| Q4 25 | $51.9M | $66.9M | ||
| Q3 25 | $116.0M | $66.6M | ||
| Q2 25 | $124.5M | $75.6M | ||
| Q1 25 | $120.7M | $65.8M | ||
| Q4 24 | $111.2M | $-8.4M | ||
| Q3 24 | $99.7M | $46.6M | ||
| Q2 24 | $86.0M | $45.1M |
营业利润率AMEPR
| Q1 26 | 60.9% | 55.5% | ||
| Q4 25 | 33.8% | 56.8% | ||
| Q3 25 | 61.2% | 53.5% | ||
| Q2 25 | 61.0% | 62.5% | ||
| Q1 25 | 60.9% | 58.1% | ||
| Q4 24 | 61.8% | 25.5% | ||
| Q3 24 | 60.2% | 51.4% | ||
| Q2 24 | 56.6% | 45.9% |
净利率AMEPR
| Q1 26 | 41.5% | 34.5% | ||
| Q4 25 | 17.5% | 36.6% | ||
| Q3 25 | 39.3% | 36.5% | ||
| Q2 25 | 40.8% | 42.5% | ||
| Q1 25 | 41.5% | 37.6% | ||
| Q4 24 | 38.7% | -4.7% | ||
| Q3 24 | 37.0% | 25.8% | ||
| Q2 24 | 31.9% | 26.1% |
每股收益（稀释后）AMEPR
| Q1 26 | $0.25 | $0.74 | ||
| Q4 25 | $0.11 | $0.80 | ||
| Q3 25 | $0.24 | $0.79 | ||
| Q2 25 | $0.26 | $0.91 | ||
| Q1 25 | $0.25 | $0.78 | ||
| Q4 24 | $0.23 | $-0.19 | ||
| Q3 24 | $0.21 | $0.53 | ||
| Q2 24 | $0.18 | $0.51 |
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 | $68.5M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.0B | $2.3B |
| 总资产 | $5.9B | $5.7B |
| 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AMEPR
| Q1 26 | $180.4M | $68.5M | ||
| Q4 25 | $180.4M | $90.6M | ||
| Q3 25 | — | $13.7M | ||
| Q2 25 | — | $13.0M | ||
| Q1 25 | — | $20.6M | ||
| Q4 24 | — | $22.1M | ||
| Q3 24 | — | $35.3M | ||
| Q2 24 | — | $33.7M |
总债务AMEPR
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $2.9B | ||
| Q3 25 | $3.0B | $2.8B | ||
| Q2 25 | $3.0B | $2.8B | ||
| Q1 25 | $3.1B | $2.8B | ||
| Q4 24 | $3.1B | $2.9B | ||
| Q3 24 | $3.2B | $2.9B | ||
| Q2 24 | $3.2B | $2.8B |
股东权益AMEPR
| Q1 26 | $2.0B | $2.3B | ||
| Q4 25 | $2.0B | $2.3B | ||
| Q3 25 | $2.1B | $2.3B | ||
| Q2 25 | $2.1B | $2.3B | ||
| Q1 25 | $2.1B | $2.3B | ||
| Q4 24 | $2.1B | $2.3B | ||
| Q3 24 | $2.1B | $2.4B | ||
| Q2 24 | $2.1B | $2.4B |
总资产AMEPR
| Q1 26 | $5.9B | $5.7B | ||
| Q4 25 | $5.9B | $5.7B | ||
| Q3 25 | $5.7B | $5.5B | ||
| Q2 25 | $5.7B | $5.6B | ||
| Q1 25 | $5.8B | $5.5B | ||
| Q4 24 | $5.8B | $5.6B | ||
| Q3 24 | $5.8B | $5.7B | ||
| Q2 24 | $5.8B | $5.6B |
负债/权益比AMEPR
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 1.26× | ||
| Q3 25 | 1.46× | 1.19× | ||
| Q2 25 | 1.45× | 1.20× | ||
| Q1 25 | 1.49× | 1.20× | ||
| Q4 24 | 1.47× | 1.23× | ||
| Q3 24 | 1.49× | 1.19× | ||
| Q2 24 | 1.50× | 1.16× |
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 | $113.4M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 11.1% | 0.1% |
| 现金转化率经营现金流/净利润 | 1.65× | 1.81× |
| 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AMEPR
| Q1 26 | $198.9M | $113.4M | ||
| Q4 25 | $255.5M | $421.0M | ||
| Q3 25 | $212.8M | $136.5M | ||
| Q2 25 | $265.2M | $87.3M | ||
| Q1 25 | $198.9M | $99.4M | ||
| Q4 24 | $232.7M | $393.1M | ||
| Q3 24 | $184.9M | $122.0M | ||
| Q2 24 | $215.8M | $78.7M |
自由现金流AMEPR
| Q1 26 | — | — | ||
| Q4 25 | — | $269.2M | ||
| Q3 25 | — | $132.1M | ||
| Q2 25 | — | $82.4M | ||
| Q1 25 | — | $84.7M | ||
| Q4 24 | — | $129.2M | ||
| Q3 24 | $184.3M | $121.5M | ||
| Q2 24 | $147.2M | $71.3M |
自由现金流率AMEPR
| Q1 26 | — | — | ||
| Q4 25 | — | 147.1% | ||
| Q3 25 | — | 72.5% | ||
| Q2 25 | — | 46.3% | ||
| Q1 25 | — | 48.4% | ||
| Q4 24 | — | 72.9% | ||
| Q3 24 | 68.3% | 67.3% | ||
| Q2 24 | 54.6% | 41.2% |
资本支出强度AMEPR
| Q1 26 | 11.1% | 0.1% | ||
| Q4 25 | — | 82.9% | ||
| Q3 25 | — | 2.4% | ||
| Q2 25 | — | 2.7% | ||
| Q1 25 | — | 8.4% | ||
| Q4 24 | 0.0% | 148.9% | ||
| Q3 24 | 0.2% | 0.3% | ||
| Q2 24 | 25.4% | 4.2% |
现金转化率AMEPR
| Q1 26 | 1.65× | 1.81× | ||
| Q4 25 | 4.92× | 6.29× | ||
| Q3 25 | 1.84× | 2.05× | ||
| Q2 25 | 2.13× | 1.15× | ||
| Q1 25 | 1.65× | 1.51× | ||
| Q4 24 | 2.09× | — | ||
| Q3 24 | 1.85× | 2.62× | ||
| Q2 24 | 2.51× | 1.74× |
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% |
EPR
| Rental revenue | $155.2M | 86% |
| Mortgage and other financing income | $16.0M | 9% |
| Other | $10.1M | 6% |
