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Antero Midstream Corp（AM）与化石集团（FOSL）财务数据对比。点击上方公司名可切换其他公司
Antero Midstream Corp的季度营收约是化石集团的1.1倍（$291.1M vs $270.2M），Antero Midstream Corp净利率更高（41.5% vs -14.8%，领先56.3%），Antero Midstream Corp同比增速更快（-7.3% vs -21.1%），Antero Midstream Corp自由现金流更多（$186.9M vs $-22.5M），过去两年Antero Midstream Corp的营收复合增速更高（3.9% vs -11.4%）
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。
化石集团是1984年成立的美国时尚设计制造企业，总部位于得克萨斯州理查森。集团旗下拥有Fossil、Relic、Michele Watch、Skagen、Zodiac Watches等多个品牌，同时也为宝马、彪马、阿玛尼、迈克高仕、DKNY等多个知名品牌代工生产授权配饰。
AM vs FOSL — 直观对比
营收规模更大
AM
是对方的1.1倍
$270.2M
营收增速更快
AM
高出13.7%
-21.1%
净利率更高
AM
高出56.3%
-14.8%
自由现金流更多
AM
多$209.4M
$-22.5M
两年增速更快
AM
近两年复合增速
-11.4%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $270.2M |
| 净利润 | $120.7M | $-40.0M |
| 毛利率 | — | 49.0% |
| 营业利润率 | 60.9% | -8.0% |
| 净利率 | 41.5% | -14.8% |
| 营收同比 | -7.3% | -21.1% |
| 净利润同比 | 2.1% | -257.8% |
| 每股收益（稀释后） | $0.25 | $-0.76 |
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AMFOSL
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $270.2M | ||
| Q3 25 | $294.8M | $220.4M | ||
| Q2 25 | $305.5M | $233.3M | ||
| Q1 25 | $291.1M | — | ||
| Q4 24 | $287.5M | $342.3M | ||
| Q3 24 | $269.9M | $287.8M | ||
| Q2 24 | $269.8M | $260.0M |
净利润AMFOSL
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $-40.0M | ||
| Q3 25 | $116.0M | $-2.1M | ||
| Q2 25 | $124.5M | $-17.9M | ||
| Q1 25 | $120.7M | — | ||
| Q4 24 | $111.2M | $-11.2M | ||
| Q3 24 | $99.7M | $-31.9M | ||
| Q2 24 | $86.0M | $-38.8M |
毛利率AMFOSL
| Q1 26 | — | — | ||
| Q4 25 | — | 49.0% | ||
| Q3 25 | — | 57.5% | ||
| Q2 25 | — | 61.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 53.9% | ||
| Q3 24 | — | 49.4% | ||
| Q2 24 | — | 52.6% |
营业利润率AMFOSL
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | -8.0% | ||
| Q3 25 | 61.2% | 3.9% | ||
| Q2 25 | 61.0% | -2.9% | ||
| Q1 25 | 60.9% | — | ||
| Q4 24 | 61.8% | -4.8% | ||
| Q3 24 | 60.2% | -8.5% | ||
| Q2 24 | 56.6% | -13.1% |
净利率AMFOSL
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | -14.8% | ||
| Q3 25 | 39.3% | -1.0% | ||
| Q2 25 | 40.8% | -7.7% | ||
| Q1 25 | 41.5% | — | ||
| Q4 24 | 38.7% | -3.3% | ||
| Q3 24 | 37.0% | -11.1% | ||
| Q2 24 | 31.9% | -14.9% |
每股收益（稀释后）AMFOSL
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $-0.76 | ||
| Q3 25 | $0.24 | $-0.04 | ||
| Q2 25 | $0.26 | $-0.33 | ||
| Q1 25 | $0.25 | — | ||
| Q4 24 | $0.23 | $-0.15 | ||
| Q3 24 | $0.21 | $-0.60 | ||
| Q2 24 | $0.18 | $-0.73 |
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 | $79.2M |
| 总债务越低越好 | $3.2B | $169.1M |
| 股东权益账面价值 | $2.0B | $112.6M |
| 总资产 | $5.9B | $701.0M |
| 负债/权益比越低杠杆越低 | 1.63× | 1.50× |
8季度趋势，按日历期对齐
现金及短期投资AMFOSL
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $79.2M | ||
| Q3 25 | — | $109.9M | ||
| Q2 25 | — | $78.3M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $123.6M | ||
| Q3 24 | — | $106.3M | ||
| Q2 24 | — | $104.9M |
总债务AMFOSL
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $169.1M | ||
| Q3 25 | $3.0B | $165.6M | ||
| Q2 25 | $3.0B | $167.2M | ||
| Q1 25 | $3.1B | — | ||
| Q4 24 | $3.1B | $162.7M | ||
| Q3 24 | $3.2B | $173.4M | ||
| Q2 24 | $3.2B | $156.5M |
股东权益AMFOSL
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $112.6M | ||
| Q3 25 | $2.1B | $150.3M | ||
| Q2 25 | $2.1B | $140.6M | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.1B | $148.7M | ||
| Q3 24 | $2.1B | $164.4M | ||
| Q2 24 | $2.1B | $189.6M |
总资产AMFOSL
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $701.0M | ||
| Q3 25 | $5.7B | $704.5M | ||
| Q2 25 | $5.7B | $686.0M | ||
| Q1 25 | $5.8B | — | ||
| Q4 24 | $5.8B | $763.6M | ||
| Q3 24 | $5.8B | $812.4M | ||
| Q2 24 | $5.8B | $785.7M |
负债/权益比AMFOSL
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 1.50× | ||
| Q3 25 | 1.46× | 1.10× | ||
| Q2 25 | 1.45× | 1.19× | ||
| Q1 25 | 1.49× | — | ||
| Q4 24 | 1.47× | 1.09× | ||
| Q3 24 | 1.49× | 1.06× | ||
| Q2 24 | 1.50× | 0.83× |
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 | $-22.2M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | $-22.5M |
| 自由现金流率自由现金流/营收 | 64.2% | -8.3% |
| 资本支出强度资本支出/营收 | 11.1% | 0.1% |
| 现金转化率经营现金流/净利润 | 1.65× | — |
| 过去12个月自由现金流最近4个季度 | — | $-46.0M |
8季度趋势，按日历期对齐
经营现金流AMFOSL
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $-22.2M | ||
| Q3 25 | $212.8M | $9.4M | ||
| Q2 25 | $265.2M | $-60.4M | ||
| Q1 25 | $198.9M | — | ||
| Q4 24 | $232.7M | $30.5M | ||
| Q3 24 | $184.9M | $-22.8M | ||
| Q2 24 | $215.8M | $38.4M |
自由现金流AMFOSL
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $-22.5M | ||
| Q3 25 | — | $8.6M | ||
| Q2 25 | — | $-60.6M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $28.5M | ||
| Q3 24 | $184.3M | $-24.1M | ||
| Q2 24 | $147.2M | $36.6M |
自由现金流率AMFOSL
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | -8.3% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | — | -26.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 8.3% | ||
| Q3 24 | 68.3% | -8.4% | ||
| Q2 24 | 54.6% | 14.1% |
资本支出强度AMFOSL
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.0% | 0.6% | ||
| Q3 24 | 0.2% | 0.4% | ||
| Q2 24 | 25.4% | 0.7% |
现金转化率AMFOSL
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | — | ||
| Q3 25 | 1.84× | — | ||
| Q2 25 | 2.13× | — | ||
| 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% |
FOSL
| Transferred At Point In Time | $109.7M | 41% |
| Traditional Watches | $91.3M | 34% |
| Other | $50.8M | 19% |
| Leathers | $9.5M | 4% |
| Jewelry | $4.0M | 1% |
| Smartwatches | $3.3M | 1% |
| Products Other | $1.6M | 1% |
