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Antero Midstream Corp（AM）与FirstCash Holdings, Inc.（FCFS）财务数据对比。点击上方公司名可切换其他公司
FirstCash Holdings, Inc.的季度营收约是Antero Midstream Corp的1.7倍（$501.3M vs $291.1M），Antero Midstream Corp净利率更高（41.5% vs 20.8%，领先20.7%），FirstCash Holdings, Inc.同比增速更快（21.2% vs -7.3%），过去两年FirstCash Holdings, Inc.的营收复合增速更高（16.9% 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。
FirstCash Holdings, Inc.是总部位于美国得克萨斯州沃斯堡的典当企业，在美国及拉丁美洲多地运营线下典当零售门店，为纳斯达克证券交易所公开上市企业，在美洲典当服务领域拥有成熟的业务布局与完善的运营网络。
AM vs FCFS — 直观对比
营收规模更大
FCFS
是对方的1.7倍
$291.1M
营收增速更快
FCFS
高出28.5%
-7.3%
净利率更高
AM
高出20.7%
20.8%
两年增速更快
FCFS
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $501.3M |
| 净利润 | $120.7M | $104.2M |
| 毛利率 | — | — |
| 营业利润率 | 60.9% | 28.5% |
| 净利率 | 41.5% | 20.8% |
| 营收同比 | -7.3% | 21.2% |
| 净利润同比 | 2.1% | 24.7% |
| 每股收益（稀释后） | $0.25 | $2.35 |
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AMFCFS
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $501.3M | ||
| Q3 25 | $294.8M | $411.0M | ||
| Q2 25 | $305.5M | $385.1M | ||
| Q1 25 | $291.1M | $371.1M | ||
| Q4 24 | $287.5M | $413.7M | ||
| Q3 24 | $269.9M | $363.1M | ||
| Q2 24 | $269.8M | $363.5M |
净利润AMFCFS
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $104.2M | ||
| Q3 25 | $116.0M | $82.8M | ||
| Q2 25 | $124.5M | $59.8M | ||
| Q1 25 | $120.7M | $83.6M | ||
| Q4 24 | $111.2M | $83.5M | ||
| Q3 24 | $99.7M | $64.8M | ||
| Q2 24 | $86.0M | $49.1M |
营业利润率AMFCFS
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 28.5% | ||
| Q3 25 | 61.2% | 27.4% | ||
| Q2 25 | 61.0% | 21.1% | ||
| Q1 25 | 60.9% | 30.0% | ||
| Q4 24 | 61.8% | 26.5% | ||
| Q3 24 | 60.2% | 23.5% | ||
| Q2 24 | 56.6% | 18.2% |
净利率AMFCFS
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | 20.8% | ||
| Q3 25 | 39.3% | 20.1% | ||
| Q2 25 | 40.8% | 15.5% | ||
| Q1 25 | 41.5% | 22.5% | ||
| Q4 24 | 38.7% | 20.2% | ||
| Q3 24 | 37.0% | 17.9% | ||
| Q2 24 | 31.9% | 13.5% |
每股收益（稀释后）AMFCFS
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $2.35 | ||
| Q3 25 | $0.24 | $1.86 | ||
| Q2 25 | $0.26 | $1.34 | ||
| Q1 25 | $0.25 | $1.87 | ||
| Q4 24 | $0.23 | $1.86 | ||
| Q3 24 | $0.21 | $1.44 | ||
| Q2 24 | $0.18 | $1.08 |
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 | $125.2M |
| 总债务越低越好 | $3.2B | $2.2B |
| 股东权益账面价值 | $2.0B | $2.3B |
| 总资产 | $5.9B | $5.3B |
| 负债/权益比越低杠杆越低 | 1.63× | 0.98× |
8季度趋势，按日历期对齐
现金及短期投资AMFCFS
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $125.2M | ||
| Q3 25 | — | $130.2M | ||
| Q2 25 | — | $101.5M | ||
| Q1 25 | — | $146.0M | ||
| Q4 24 | — | $175.1M | ||
| Q3 24 | — | $106.3M | ||
| Q2 24 | — | $113.7M |
总债务AMFCFS
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $2.2B | ||
| Q3 25 | $3.0B | $2.2B | ||
| Q2 25 | $3.0B | $1.7B | ||
| Q1 25 | $3.1B | $1.7B | ||
| Q4 24 | $3.1B | $1.7B | ||
| Q3 24 | $3.2B | $1.7B | ||
| Q2 24 | $3.2B | $1.7B |
股东权益AMFCFS
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $2.3B | ||
| Q3 25 | $2.1B | $2.2B | ||
| Q2 25 | $2.1B | $2.1B | ||
| Q1 25 | $2.1B | $2.1B | ||
| Q4 24 | $2.1B | $2.1B | ||
| Q3 24 | $2.1B | $2.0B | ||
| Q2 24 | $2.1B | $2.0B |
总资产AMFCFS
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $5.3B | ||
| Q3 25 | $5.7B | $5.2B | ||
| Q2 25 | $5.7B | $4.5B | ||
| Q1 25 | $5.8B | $4.4B | ||
| Q4 24 | $5.8B | $4.5B | ||
| Q3 24 | $5.8B | $4.4B | ||
| Q2 24 | $5.8B | $4.3B |
负债/权益比AMFCFS
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 0.98× | ||
| Q3 25 | 1.46× | 1.01× | ||
| Q2 25 | 1.45× | 0.79× | ||
| Q1 25 | 1.49× | 0.83× | ||
| Q4 24 | 1.47× | 0.85× | ||
| Q3 24 | 1.49× | 0.87× | ||
| Q2 24 | 1.50× | 0.85× |
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 | $206.6M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | — |
| 自由现金流率自由现金流/营收 | 64.2% | — |
| 资本支出强度资本支出/营收 | 11.1% | — |
| 现金转化率经营现金流/净利润 | 1.65× | 1.98× |
| 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AMFCFS
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $206.6M | ||
| Q3 25 | $212.8M | $135.8M | ||
| Q2 25 | $265.2M | $116.9M | ||
| Q1 25 | $198.9M | $126.6M | ||
| Q4 24 | $232.7M | $198.1M | ||
| Q3 24 | $184.9M | $113.1M | ||
| Q2 24 | $215.8M | $106.2M |
自由现金流AMFCFS
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $184.3M | — | ||
| Q2 24 | $147.2M | — |
自由现金流率AMFCFS
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 68.3% | — | ||
| Q2 24 | 54.6% | — |
资本支出强度AMFCFS
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 25.4% | — |
现金转化率AMFCFS
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 1.98× | ||
| Q3 25 | 1.84× | 1.64× | ||
| Q2 25 | 2.13× | 1.95× | ||
| Q1 25 | 1.65× | 1.51× | ||
| Q4 24 | 2.09× | 2.37× | ||
| Q3 24 | 1.85× | 1.74× | ||
| Q2 24 | 2.51× | 2.16× |
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% |
FCFS
| US Pawn Segment | $292.2M | 58% |
| Retail POS Payment Solutions | $209.8M | 42% |
