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Antero Midstream Corp（AM）与AMICUS THERAPEUTICS, INC.（FOLD）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AMICUS THERAPEUTICS, INC.的1.6倍（$291.1M vs $185.2M），Antero Midstream Corp净利率更高（41.5% vs 0.9%，领先40.6%），AMICUS THERAPEUTICS, INC.同比增速更快（23.7% vs -7.3%），Antero Midstream Corp自由现金流更多（$186.9M vs $16.0M），过去两年AMICUS THERAPEUTICS, INC.的营收复合增速更高（29.5% 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。
Amicus Therapeutics是总部位于美国宾夕法尼亚州费城的生物制药上市企业，2007年在纳斯达克挂牌上市，股票代码为FOLD。上市前，公司曾获得Radius Ventures、迦南合伙人、恩颐投资等多家风险投资机构的资金支持，专注于生物医药领域的研发与商业化布局。
AM vs FOLD — 直观对比
营收规模更大
AM
是对方的1.6倍
$185.2M
营收增速更快
FOLD
高出31.1%
-7.3%
净利率更高
AM
高出40.6%
0.9%
自由现金流更多
AM
多$170.9M
$16.0M
两年增速更快
FOLD
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $185.2M |
| 净利润 | $120.7M | $1.7M |
| 毛利率 | — | 85.7% |
| 营业利润率 | 60.9% | 8.6% |
| 净利率 | 41.5% | 0.9% |
| 营收同比 | -7.3% | 23.7% |
| 净利润同比 | 2.1% | -88.5% |
| 每股收益（稀释后） | $0.25 | $0.00 |
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AMFOLD
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $185.2M | ||
| Q3 25 | $294.8M | $169.1M | ||
| Q2 25 | $305.5M | $154.7M | ||
| Q1 25 | $291.1M | $125.2M | ||
| Q4 24 | $287.5M | $149.7M | ||
| Q3 24 | $269.9M | $141.5M | ||
| Q2 24 | $269.8M | $126.7M |
净利润AMFOLD
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $1.7M | ||
| Q3 25 | $116.0M | $17.3M | ||
| Q2 25 | $124.5M | $-24.4M | ||
| Q1 25 | $120.7M | $-21.7M | ||
| Q4 24 | $111.2M | $14.7M | ||
| Q3 24 | $99.7M | $-6.7M | ||
| Q2 24 | $86.0M | $-15.7M |
毛利率AMFOLD
| Q1 26 | — | — | ||
| Q4 25 | — | 85.7% | ||
| Q3 25 | — | 88.5% | ||
| Q2 25 | — | 90.2% | ||
| Q1 25 | — | 90.7% | ||
| Q4 24 | — | 90.1% | ||
| Q3 24 | — | 90.6% | ||
| Q2 24 | — | 91.1% |
营业利润率AMFOLD
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 8.6% | ||
| Q3 25 | 61.2% | 20.3% | ||
| Q2 25 | 61.0% | -6.1% | ||
| Q1 25 | 60.9% | -6.3% | ||
| Q4 24 | 61.8% | 10.7% | ||
| Q3 24 | 60.2% | 15.3% | ||
| Q2 24 | 56.6% | 11.8% |
净利率AMFOLD
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | 0.9% | ||
| Q3 25 | 39.3% | 10.2% | ||
| Q2 25 | 40.8% | -15.8% | ||
| Q1 25 | 41.5% | -17.3% | ||
| Q4 24 | 38.7% | 9.8% | ||
| Q3 24 | 37.0% | -4.8% | ||
| Q2 24 | 31.9% | -12.4% |
每股收益（稀释后）AMFOLD
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $0.00 | ||
| Q3 25 | $0.24 | $0.06 | ||
| Q2 25 | $0.26 | $-0.08 | ||
| Q1 25 | $0.25 | $-0.07 | ||
| Q4 24 | $0.23 | $0.05 | ||
| Q3 24 | $0.21 | $-0.02 | ||
| Q2 24 | $0.18 | $-0.05 |
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 | $293.5M |
| 总债务越低越好 | $3.2B | $392.7M |
| 股东权益账面价值 | $2.0B | $274.2M |
| 总资产 | $5.9B | $949.9M |
| 负债/权益比越低杠杆越低 | 1.63× | 1.43× |
8季度趋势，按日历期对齐
现金及短期投资AMFOLD
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $293.5M | ||
| Q3 25 | — | $263.8M | ||
| Q2 25 | — | $231.0M | ||
| Q1 25 | — | $250.6M | ||
| Q4 24 | — | $249.9M | ||
| Q3 24 | — | $249.8M | ||
| Q2 24 | — | $260.1M |
总债务AMFOLD
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $392.7M | ||
| Q3 25 | $3.0B | $392.0M | ||
| Q2 25 | $3.0B | $391.3M | ||
| Q1 25 | $3.1B | $390.7M | ||
| Q4 24 | $3.1B | $390.1M | ||
| Q3 24 | $3.2B | $389.5M | ||
| Q2 24 | $3.2B | $388.9M |
股东权益AMFOLD
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $274.2M | ||
| Q3 25 | $2.1B | $230.4M | ||
| Q2 25 | $2.1B | $204.3M | ||
| Q1 25 | $2.1B | $193.6M | ||
| Q4 24 | $2.1B | $194.0M | ||
| Q3 24 | $2.1B | $178.8M | ||
| Q2 24 | $2.1B | $132.5M |
总资产AMFOLD
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $949.9M | ||
| Q3 25 | $5.7B | $868.8M | ||
| Q2 25 | $5.7B | $815.3M | ||
| Q1 25 | $5.8B | $789.8M | ||
| Q4 24 | $5.8B | $785.0M | ||
| Q3 24 | $5.8B | $786.6M | ||
| Q2 24 | $5.8B | $749.5M |
负债/权益比AMFOLD
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 1.43× | ||
| Q3 25 | 1.46× | 1.70× | ||
| Q2 25 | 1.45× | 1.92× | ||
| Q1 25 | 1.49× | 2.02× | ||
| Q4 24 | 1.47× | 2.01× | ||
| Q3 24 | 1.49× | 2.18× | ||
| Q2 24 | 1.50× | 2.93× |
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 | $16.3M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | $16.0M |
| 自由现金流率自由现金流/营收 | 64.2% | 8.6% |
| 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× | 9.62× |
| 过去12个月自由现金流最近4个季度 | — | $29.8M |
8季度趋势，按日历期对齐
经营现金流AMFOLD
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $16.3M | ||
| Q3 25 | $212.8M | $35.7M | ||
| Q2 25 | $265.2M | $-26.5M | ||
| Q1 25 | $198.9M | $7.8M | ||
| Q4 24 | $232.7M | $-3.9M | ||
| Q3 24 | $184.9M | $-23.0M | ||
| Q2 24 | $215.8M | $22.7M |
自由现金流AMFOLD
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $16.0M | ||
| Q3 25 | — | $35.3M | ||
| Q2 25 | — | $-28.9M | ||
| Q1 25 | — | $7.5M | ||
| Q4 24 | — | $-4.2M | ||
| Q3 24 | $184.3M | $-23.3M | ||
| Q2 24 | $147.2M | $21.6M |
自由现金流率AMFOLD
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | 8.6% | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | -18.7% | ||
| Q1 25 | — | 6.0% | ||
| Q4 24 | — | -2.8% | ||
| Q3 24 | 68.3% | -16.5% | ||
| Q2 24 | 54.6% | 17.0% |
资本支出强度AMFOLD
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | 0.0% | 0.2% | ||
| Q3 24 | 0.2% | 0.3% | ||
| Q2 24 | 25.4% | 0.9% |
现金转化率AMFOLD
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 9.62× | ||
| Q3 25 | 1.84× | 2.06× | ||
| Q2 25 | 2.13× | — | ||
| Q1 25 | 1.65× | — | ||
| Q4 24 | 2.09× | -0.27× | ||
| 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% |
FOLD
| Other | $105.8M | 57% |
| Galafold | $64.8M | 35% |
| Pombiliti Opfolda | $14.6M | 8% |
