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Antero Midstream Corp（AM）与EAGLE MATERIALS INC（EXP）财务数据对比。点击上方公司名可切换其他公司
EAGLE MATERIALS INC的季度营收约是Antero Midstream Corp的1.9倍（$556.0M vs $291.1M），Antero Midstream Corp净利率更高（41.5% vs 18.5%，领先23.0%），EAGLE MATERIALS INC同比增速更快（-0.4% vs -7.3%），Antero Midstream Corp自由现金流更多（$186.9M vs $60.8M），过去两年EAGLE MATERIALS INC的营收复合增速更高（8.0% 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。
Eagle Materials Inc.是总部位于美国得克萨斯州达拉斯的建筑材料生产企业，主营产品包括水泥、混凝土、建筑骨料、石膏、墙板、纸板以及水力压裂作业专用砂，产品广泛应用于建筑施工、能源开发等多个领域。
AM vs EXP — 直观对比
营收规模更大
EXP
是对方的1.9倍
$291.1M
营收增速更快
EXP
高出7.0%
-7.3%
净利率更高
AM
高出23.0%
18.5%
自由现金流更多
AM
多$126.1M
$60.8M
两年增速更快
EXP
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $556.0M |
| 净利润 | $120.7M | $102.9M |
| 毛利率 | — | 28.9% |
| 营业利润率 | 60.9% | — |
| 净利率 | 41.5% | 18.5% |
| 营收同比 | -7.3% | -0.4% |
| 净利润同比 | 2.1% | -13.9% |
| 每股收益（稀释后） | $0.25 | $3.22 |
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AMEXP
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $556.0M | ||
| Q3 25 | $294.8M | $638.9M | ||
| Q2 25 | $305.5M | $634.7M | ||
| Q1 25 | $291.1M | $470.2M | ||
| Q4 24 | $287.5M | $558.0M | ||
| Q3 24 | $269.9M | $623.6M | ||
| Q2 24 | $269.8M | $608.7M |
净利润AMEXP
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $102.9M | ||
| Q3 25 | $116.0M | $137.4M | ||
| Q2 25 | $124.5M | $123.4M | ||
| Q1 25 | $120.7M | $66.5M | ||
| Q4 24 | $111.2M | $119.6M | ||
| Q3 24 | $99.7M | $143.5M | ||
| Q2 24 | $86.0M | $133.8M |
毛利率AMEXP
| Q1 26 | — | — | ||
| Q4 25 | — | 28.9% | ||
| Q3 25 | — | 31.3% | ||
| Q2 25 | — | 29.2% | ||
| Q1 25 | — | 22.2% | ||
| Q4 24 | — | 31.9% | ||
| Q3 24 | — | 32.7% | ||
| Q2 24 | — | 30.7% |
营业利润率AMEXP
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | — | ||
| Q3 25 | 61.2% | — | ||
| Q2 25 | 61.0% | — | ||
| Q1 25 | 60.9% | — | ||
| Q4 24 | 61.8% | 32.8% | ||
| Q3 24 | 60.2% | 34.2% | ||
| Q2 24 | 56.6% | 32.0% |
净利率AMEXP
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | 18.5% | ||
| Q3 25 | 39.3% | 21.5% | ||
| Q2 25 | 40.8% | 19.4% | ||
| Q1 25 | 41.5% | 14.1% | ||
| Q4 24 | 38.7% | 21.4% | ||
| Q3 24 | 37.0% | 23.0% | ||
| Q2 24 | 31.9% | 22.0% |
每股收益（稀释后）AMEXP
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $3.22 | ||
| Q3 25 | $0.24 | $4.23 | ||
| Q2 25 | $0.26 | $3.76 | ||
| Q1 25 | $0.25 | $2.01 | ||
| Q4 24 | $0.23 | $3.56 | ||
| Q3 24 | $0.21 | $4.26 | ||
| Q2 24 | $0.18 | $3.94 |
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 | $419.0M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.0B | $1.5B |
| 总资产 | $5.9B | $3.8B |
| 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AMEXP
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $419.0M | ||
| Q3 25 | — | $35.0M | ||
| Q2 25 | — | $59.7M | ||
| Q1 25 | — | $20.4M | ||
| Q4 24 | — | $31.2M | ||
| Q3 24 | — | $93.9M | ||
| Q2 24 | — | $46.5M |
总债务AMEXP
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.1B | $1.2B | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — |
股东权益AMEXP
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $1.5B | ||
| Q3 25 | $2.1B | $1.5B | ||
| Q2 25 | $2.1B | $1.5B | ||
| Q1 25 | $2.1B | $1.5B | ||
| Q4 24 | $2.1B | $1.5B | ||
| Q3 24 | $2.1B | $1.4B | ||
| Q2 24 | $2.1B | $1.4B |
总资产AMEXP
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $3.8B | ||
| Q3 25 | $5.7B | $3.4B | ||
| Q2 25 | $5.7B | $3.4B | ||
| Q1 25 | $5.8B | $3.3B | ||
| Q4 24 | $5.8B | $3.0B | ||
| Q3 24 | $5.8B | $3.1B | ||
| Q2 24 | $5.8B | $3.0B |
负债/权益比AMEXP
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.46× | — | ||
| Q2 25 | 1.45× | — | ||
| Q1 25 | 1.49× | 0.86× | ||
| 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 | $170.8M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | $60.8M |
| 自由现金流率自由现金流/营收 | 64.2% | 10.9% |
| 资本支出强度资本支出/营收 | 11.1% | 19.8% |
| 现金转化率经营现金流/净利润 | 1.65× | 1.66× |
| 过去12个月自由现金流最近4个季度 | — | $231.8M |
8季度趋势，按日历期对齐
经营现金流AMEXP
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $170.8M | ||
| Q3 25 | $212.8M | $204.6M | ||
| Q2 25 | $265.2M | $136.6M | ||
| Q1 25 | $198.9M | $62.8M | ||
| Q4 24 | $232.7M | $119.9M | ||
| Q3 24 | $184.9M | $233.3M | ||
| Q2 24 | $215.8M | $132.6M |
自由现金流AMEXP
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $60.8M | ||
| Q3 25 | — | $96.1M | ||
| Q2 25 | — | $60.5M | ||
| Q1 25 | — | $14.5M | ||
| Q4 24 | — | $72.5M | ||
| Q3 24 | $184.3M | $166.8M | ||
| Q2 24 | $147.2M | $99.5M |
自由现金流率AMEXP
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | 10.9% | ||
| Q3 25 | — | 15.0% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 13.0% | ||
| Q3 24 | 68.3% | 26.7% | ||
| Q2 24 | 54.6% | 16.3% |
资本支出强度AMEXP
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 19.8% | ||
| Q3 25 | — | 17.0% | ||
| Q2 25 | — | 12.0% | ||
| Q1 25 | — | 10.3% | ||
| Q4 24 | 0.0% | 8.5% | ||
| Q3 24 | 0.2% | 10.7% | ||
| Q2 24 | 25.4% | 5.4% |
现金转化率AMEXP
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 1.66× | ||
| Q3 25 | 1.84× | 1.49× | ||
| Q2 25 | 2.13× | 1.11× | ||
| Q1 25 | 1.65× | 0.94× | ||
| Q4 24 | 2.09× | 1.00× | ||
| Q3 24 | 1.85× | 1.63× | ||
| Q2 24 | 2.51× | 0.99× |
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% |
EXP
| External Customers | $283.5M | 51% |
| Gypsum Wallboard | $175.9M | 32% |
| Recycled Paperboard | $47.8M | 9% |
| Corporate Joint Venture | $29.4M | 5% |
| Other | $11.8M | 2% |
| Western Pennsylvania Acquisition | $7.6M | 1% |
