vs
Antero Midstream Corp（AM）与EverCommerce Inc.（EVCM）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EverCommerce Inc.的1.9倍（$291.1M vs $151.2M），Antero Midstream Corp净利率更高（41.5% vs 4.0%，领先37.5%），EverCommerce Inc.同比增速更快（5.2% vs -7.3%），过去两年EverCommerce Inc.的营收复合增速更高（4.7% 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。
EverCommerce Inc.是面向服务类中小企业的领先集成SaaS解决方案提供商，核心市场覆盖北美及部分全球区域，产品线包含业务管理、支付处理、客户互动、营销工具等，服务家庭服务、健康康养、健身等多个细分领域。
AM vs EVCM — 直观对比
营收规模更大
AM
是对方的1.9倍
$151.2M
营收增速更快
EVCM
高出12.5%
-7.3%
净利率更高
AM
高出37.5%
4.0%
两年增速更快
EVCM
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $151.2M |
| 净利润 | $120.7M | $6.0M |
| 毛利率 | — | — |
| 营业利润率 | 60.9% | 8.8% |
| 净利率 | 41.5% | 4.0% |
| 营收同比 | -7.3% | 5.2% |
| 净利润同比 | 2.1% | 149.4% |
| 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AMEVCM
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $151.2M | ||
| Q3 25 | $294.8M | $147.5M | ||
| Q2 25 | $305.5M | $148.0M | ||
| Q1 25 | $291.1M | $142.3M | ||
| Q4 24 | $287.5M | $143.7M | ||
| Q3 24 | $269.9M | $140.1M | ||
| Q2 24 | $269.8M | $140.5M |
净利润AMEVCM
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $6.0M | ||
| Q3 25 | $116.0M | $11.1M | ||
| Q2 25 | $124.5M | $8.2M | ||
| Q1 25 | $120.7M | $-7.7M | ||
| Q4 24 | $111.2M | $-12.2M | ||
| Q3 24 | $99.7M | $-9.2M | ||
| Q2 24 | $86.0M | $-3.4M |
营业利润率AMEVCM
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 8.8% | ||
| Q3 25 | 61.2% | 10.8% | ||
| Q2 25 | 61.0% | 10.7% | ||
| Q1 25 | 60.9% | 10.0% | ||
| Q4 24 | 61.8% | 8.8% | ||
| Q3 24 | 60.2% | 7.2% | ||
| Q2 24 | 56.6% | 5.5% |
净利率AMEVCM
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | 4.0% | ||
| Q3 25 | 39.3% | 7.5% | ||
| Q2 25 | 40.8% | 5.5% | ||
| Q1 25 | 41.5% | -5.4% | ||
| Q4 24 | 38.7% | -8.5% | ||
| Q3 24 | 37.0% | -6.5% | ||
| Q2 24 | 31.9% | -2.4% |
每股收益（稀释后）AMEVCM
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $0.04 | ||
| Q3 25 | $0.24 | $0.06 | ||
| Q2 25 | $0.26 | $0.04 | ||
| Q1 25 | $0.25 | $-0.04 | ||
| Q4 24 | $0.23 | $-0.06 | ||
| Q3 24 | $0.21 | $-0.05 | ||
| Q2 24 | $0.18 | $-0.02 |
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 | $129.7M |
| 总债务越低越好 | $3.2B | $523.4M |
| 股东权益账面价值 | $2.0B | $716.9M |
| 总资产 | $5.9B | $1.4B |
| 负债/权益比越低杠杆越低 | 1.63× | 0.73× |
8季度趋势，按日历期对齐
现金及短期投资AMEVCM
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $129.7M | ||
| Q3 25 | — | $106.9M | ||
| Q2 25 | — | $151.1M | ||
| Q1 25 | — | $148.4M | ||
| Q4 24 | — | $135.8M | ||
| Q3 24 | — | $101.6M | ||
| Q2 24 | — | $86.7M |
总债务AMEVCM
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $523.4M | ||
| Q3 25 | $3.0B | $524.6M | ||
| Q2 25 | $3.0B | $525.8M | ||
| Q1 25 | $3.1B | $526.9M | ||
| Q4 24 | $3.1B | $527.9M | ||
| Q3 24 | $3.2B | $529.0M | ||
| Q2 24 | $3.2B | $530.1M |
股东权益AMEVCM
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $716.9M | ||
| Q3 25 | $2.1B | $728.5M | ||
| Q2 25 | $2.1B | $744.0M | ||
| Q1 25 | $2.1B | $739.6M | ||
| Q4 24 | $2.1B | $750.8M | ||
| Q3 24 | $2.1B | $770.7M | ||
| Q2 24 | $2.1B | $784.1M |
总资产AMEVCM
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $1.4B | ||
| Q3 25 | $5.7B | $1.4B | ||
| Q2 25 | $5.7B | $1.4B | ||
| Q1 25 | $5.8B | $1.4B | ||
| Q4 24 | $5.8B | $1.4B | ||
| Q3 24 | $5.8B | $1.5B | ||
| Q2 24 | $5.8B | $1.5B |
负债/权益比AMEVCM
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 0.73× | ||
| Q3 25 | 1.46× | 0.72× | ||
| Q2 25 | 1.45× | 0.71× | ||
| Q1 25 | 1.49× | 0.71× | ||
| Q4 24 | 1.47× | 0.70× | ||
| Q3 24 | 1.49× | 0.69× | ||
| Q2 24 | 1.50× | 0.68× |
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 | $21.3M |
| 自由现金流经营现金流 - 资本支出 | — | $21.0M |
| 自由现金流率自由现金流/营收 | — | 13.9% |
| 资本支出强度资本支出/营收 | 11.1% | 0.2% |
| 现金转化率经营现金流/净利润 | 1.65× | 3.52× |
| 过去12个月自由现金流最近4个季度 | — | $109.2M |
8季度趋势，按日历期对齐
经营现金流AMEVCM
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $21.3M | ||
| Q3 25 | $212.8M | $32.5M | ||
| Q2 25 | $265.2M | $27.0M | ||
| Q1 25 | $198.9M | $30.7M | ||
| Q4 24 | $232.7M | $48.4M | ||
| Q3 24 | $184.9M | $27.5M | ||
| Q2 24 | $215.8M | $23.9M |
自由现金流AMEVCM
| Q1 26 | — | — | ||
| Q4 25 | — | $21.0M | ||
| Q3 25 | — | $31.6M | ||
| Q2 25 | — | $26.5M | ||
| Q1 25 | — | $30.2M | ||
| Q4 24 | — | $48.2M | ||
| Q3 24 | $184.3M | $27.4M | ||
| Q2 24 | $147.2M | $23.3M |
自由现金流率AMEVCM
| Q1 26 | — | — | ||
| Q4 25 | — | 13.9% | ||
| Q3 25 | — | 21.4% | ||
| Q2 25 | — | 17.9% | ||
| Q1 25 | — | 21.2% | ||
| Q4 24 | — | 33.5% | ||
| Q3 24 | 68.3% | 19.5% | ||
| Q2 24 | 54.6% | 16.6% |
资本支出强度AMEVCM
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | 0.0% | 0.2% | ||
| Q3 24 | 0.2% | 0.1% | ||
| Q2 24 | 25.4% | 0.5% |
现金转化率AMEVCM
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 3.52× | ||
| Q3 25 | 1.84× | 2.93× | ||
| Q2 25 | 2.13× | 3.31× | ||
| Q1 25 | 1.65× | — | ||
| Q4 24 | 2.09× | — | ||
| 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% |
EVCM
| Transferred Over Time | $146.4M | 97% |
| Transferred At Point In Time | $4.8M | 3% |
