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Antero Midstream Corp（AM）与Empire State Realty OP, L.P.（ESBA）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Empire State Realty OP, L.P.的1.5倍（$291.1M vs $199.2M），Antero Midstream Corp净利率更高（41.5% vs 16.1%，领先25.3%），Empire State Realty OP, L.P.同比增速更快（0.8% vs -7.3%），Antero Midstream Corp自由现金流更多（$186.9M vs $50.6M），过去两年Empire State Realty OP, L.P.的营收复合增速更高（4.9% 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。
Empire State Realty OP, L.P. 是一家房地产运营合伙企业，核心业务为持有、管理及出租优质商业与零售物业，主要布局纽约大都会区，旗下拥有帝国大厦等标志性地标，服务企业租户、零售品牌及旅游相关业务板块。
AM vs ESBA — 直观对比
营收规模更大
AM
是对方的1.5倍
$199.2M
营收增速更快
ESBA
高出8.2%
-7.3%
净利率更高
AM
高出25.3%
16.1%
自由现金流更多
AM
多$136.3M
$50.6M
两年增速更快
ESBA
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $199.2M |
| 净利润 | $120.7M | $32.2M |
| 毛利率 | — | — |
| 营业利润率 | 60.9% | 17.8% |
| 净利率 | 41.5% | 16.1% |
| 营收同比 | -7.3% | 0.8% |
| 净利润同比 | 2.1% | 71.2% |
| 每股收益（稀释后） | $0.25 | $0.11 |
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AMESBA
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $199.2M | ||
| Q3 25 | $294.8M | $197.7M | ||
| Q2 25 | $305.5M | $191.3M | ||
| Q1 25 | $291.1M | $180.1M | ||
| Q4 24 | $287.5M | $197.6M | ||
| Q3 24 | $269.9M | $199.6M | ||
| Q2 24 | $269.8M | $189.5M |
净利润AMESBA
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $32.2M | ||
| Q3 25 | $116.0M | $13.6M | ||
| Q2 25 | $124.5M | $11.4M | ||
| Q1 25 | $120.7M | $15.8M | ||
| Q4 24 | $111.2M | $18.8M | ||
| Q3 24 | $99.7M | $22.8M | ||
| Q2 24 | $86.0M | $28.6M |
营业利润率AMESBA
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 17.8% | ||
| Q3 25 | 61.2% | 19.9% | ||
| Q2 25 | 61.0% | 18.4% | ||
| Q1 25 | 60.9% | 14.3% | ||
| Q4 24 | 61.8% | 21.7% | ||
| Q3 24 | 60.2% | 22.7% | ||
| Q2 24 | 56.6% | 20.8% |
净利率AMESBA
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | 16.1% | ||
| Q3 25 | 39.3% | 6.9% | ||
| Q2 25 | 40.8% | 6.0% | ||
| Q1 25 | 41.5% | 8.8% | ||
| Q4 24 | 38.7% | 9.5% | ||
| Q3 24 | 37.0% | 11.4% | ||
| Q2 24 | 31.9% | 15.1% |
每股收益（稀释后）AMESBA
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $0.11 | ||
| Q3 25 | $0.24 | $0.05 | ||
| Q2 25 | $0.26 | $0.04 | ||
| Q1 25 | $0.25 | $0.05 | ||
| Q4 24 | $0.23 | $0.07 | ||
| Q3 24 | $0.21 | $0.08 | ||
| Q2 24 | $0.18 | $0.10 |
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 | $132.7M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.0B | — |
| 总资产 | $5.9B | $4.5B |
| 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AMESBA
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $132.7M | ||
| Q3 25 | — | $154.1M | ||
| Q2 25 | — | $94.6M | ||
| Q1 25 | — | $187.8M | ||
| Q4 24 | — | $385.5M | ||
| Q3 24 | — | $421.9M | ||
| Q2 24 | — | $535.5M |
总债务AMESBA
| 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AMESBA
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.1B | — |
总资产AMESBA
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $4.5B | ||
| Q3 25 | $5.7B | $4.1B | ||
| Q2 25 | $5.7B | $4.1B | ||
| Q1 25 | $5.8B | $4.1B | ||
| Q4 24 | $5.8B | $4.5B | ||
| Q3 24 | $5.8B | $4.4B | ||
| Q2 24 | $5.8B | $4.4B |
负债/权益比AMESBA
| 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 | $249.1M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | $50.6M |
| 自由现金流率自由现金流/营收 | 64.2% | 25.4% |
| 资本支出强度资本支出/营收 | 11.1% | 99.6% |
| 现金转化率经营现金流/净利润 | 1.65× | 7.74× |
| 过去12个月自由现金流最近4个季度 | — | $109.3M |
8季度趋势，按日历期对齐
经营现金流AMESBA
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $249.1M | ||
| Q3 25 | $212.8M | $105.3M | ||
| Q2 25 | $265.2M | $26.7M | ||
| Q1 25 | $198.9M | $83.1M | ||
| Q4 24 | $232.7M | $260.9M | ||
| Q3 24 | $184.9M | $102.8M | ||
| Q2 24 | $215.8M | $37.1M |
自由现金流AMESBA
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $50.6M | ||
| Q3 25 | — | $72.8M | ||
| Q2 25 | — | $-55.1M | ||
| Q1 25 | — | $41.1M | ||
| Q4 24 | — | $88.0M | ||
| Q3 24 | $184.3M | $-65.1M | ||
| Q2 24 | $147.2M | $19.5M |
自由现金流率AMESBA
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | 25.4% | ||
| Q3 25 | — | 36.8% | ||
| Q2 25 | — | -28.8% | ||
| Q1 25 | — | 22.8% | ||
| Q4 24 | — | 44.5% | ||
| Q3 24 | 68.3% | -32.6% | ||
| Q2 24 | 54.6% | 10.3% |
资本支出强度AMESBA
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 99.6% | ||
| Q3 25 | — | 16.5% | ||
| Q2 25 | — | 42.8% | ||
| Q1 25 | — | 23.4% | ||
| Q4 24 | 0.0% | 87.5% | ||
| Q3 24 | 0.2% | 84.1% | ||
| Q2 24 | 25.4% | 9.3% |
现金转化率AMESBA
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 7.74× | ||
| Q3 25 | 1.84× | 7.72× | ||
| Q2 25 | 2.13× | 2.35× | ||
| Q1 25 | 1.65× | 5.27× | ||
| Q4 24 | 2.09× | 13.88× | ||
| Q3 24 | 1.85× | 4.51× | ||
| Q2 24 | 2.51× | 1.30× |
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% |
ESBA
| Real Estate Segment | $163.8M | 82% |
| Observatory Segment | $35.2M | 18% |
