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Antero Midstream Corp（AM）与FIRST MERCHANTS CORP（FRME）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FIRST MERCHANTS CORP的1.9倍（$291.1M vs $157.1M），Antero Midstream Corp净利率更高（41.5% vs 17.9%，领先23.6%），过去两年Antero Midstream Corp的营收复合增速更高（3.9% vs -0.9%）
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。
第一商人集团是总部位于美国印第安纳州曼西的金融控股公司，业务覆盖印第安纳州中部地区，旗下拥有第一商人银行、第一商人私人财富顾问两大板块，在纳斯达克上市，股票代码为FRME。截至2023年3月，集团总资产达182亿美元，为客户提供商业银行、个人银行及投资顾问服务。
AM vs FRME — 直观对比
营收规模更大
AM
是对方的1.9倍
$157.1M
净利率更高
AM
高出23.6%
17.9%
两年增速更快
AM
近两年复合增速
-0.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $157.1M |
| 净利润 | $120.7M | $28.2M |
| 毛利率 | — | — |
| 营业利润率 | 60.9% | — |
| 净利率 | 41.5% | 17.9% |
| 营收同比 | -7.3% | — |
| 净利润同比 | 2.1% | -49.1% |
| 每股收益（稀释后） | $0.25 | $0.45 |
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AMFRME
| Q1 26 | $291.1M | $157.1M | ||
| Q4 25 | $297.0M | $172.2M | ||
| Q3 25 | $294.8M | $166.1M | ||
| Q2 25 | $305.5M | $164.3M | ||
| Q1 25 | $291.1M | $160.3M | ||
| Q4 24 | $287.5M | $177.1M | ||
| Q3 24 | $269.9M | $156.0M | ||
| Q2 24 | $269.8M | $159.9M |
净利润AMFRME
| Q1 26 | $120.7M | $28.2M | ||
| Q4 25 | $51.9M | $57.1M | ||
| Q3 25 | $116.0M | $56.8M | ||
| Q2 25 | $124.5M | $56.8M | ||
| Q1 25 | $120.7M | $55.3M | ||
| Q4 24 | $111.2M | $64.3M | ||
| Q3 24 | $99.7M | $49.2M | ||
| Q2 24 | $86.0M | $39.9M |
营业利润率AMFRME
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 38.0% | ||
| Q3 25 | 61.2% | 39.3% | ||
| Q2 25 | 61.0% | 39.6% | ||
| Q1 25 | 60.9% | 39.4% | ||
| Q4 24 | 61.8% | 43.3% | ||
| Q3 24 | 60.2% | 36.1% | ||
| Q2 24 | 56.6% | 27.5% |
净利率AMFRME
| Q1 26 | 41.5% | 17.9% | ||
| Q4 25 | 17.5% | 33.1% | ||
| Q3 25 | 39.3% | 34.2% | ||
| Q2 25 | 40.8% | 34.6% | ||
| Q1 25 | 41.5% | 34.5% | ||
| Q4 24 | 38.7% | 36.3% | ||
| Q3 24 | 37.0% | 31.5% | ||
| Q2 24 | 31.9% | 25.0% |
每股收益（稀释后）AMFRME
| Q1 26 | $0.25 | $0.45 | ||
| Q4 25 | $0.11 | $0.98 | ||
| Q3 25 | $0.24 | $0.98 | ||
| Q2 25 | $0.26 | $0.98 | ||
| Q1 25 | $0.25 | $0.94 | ||
| Q4 24 | $0.23 | $1.09 | ||
| Q3 24 | $0.21 | $0.84 | ||
| Q2 24 | $0.18 | $0.68 |
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 | — |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.0B | $2.7B |
| 总资产 | $5.9B | $21.1B |
| 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AMFRME
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务AMFRME
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.1B | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — |
股东权益AMFRME
| Q1 26 | $2.0B | $2.7B | ||
| Q4 25 | $2.0B | $2.5B | ||
| Q3 25 | $2.1B | $2.4B | ||
| Q2 25 | $2.1B | $2.3B | ||
| Q1 25 | $2.1B | $2.3B | ||
| Q4 24 | $2.1B | $2.3B | ||
| Q3 24 | $2.1B | $2.3B | ||
| Q2 24 | $2.1B | $2.2B |
总资产AMFRME
| Q1 26 | $5.9B | $21.1B | ||
| Q4 25 | $5.9B | $19.0B | ||
| Q3 25 | $5.7B | $18.8B | ||
| Q2 25 | $5.7B | $18.6B | ||
| Q1 25 | $5.8B | $18.4B | ||
| Q4 24 | $5.8B | $18.3B | ||
| Q3 24 | $5.8B | $18.3B | ||
| Q2 24 | $5.8B | $18.3B |
负债/权益比AMFRME
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.46× | — | ||
| Q2 25 | 1.45× | — | ||
| Q1 25 | 1.49× | — | ||
| 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 | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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× | — |
| 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AMFRME
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $283.6M | ||
| Q3 25 | $212.8M | $87.6M | ||
| Q2 25 | $265.2M | $53.7M | ||
| Q1 25 | $198.9M | $61.7M | ||
| Q4 24 | $232.7M | $266.2M | ||
| Q3 24 | $184.9M | $76.8M | ||
| Q2 24 | $215.8M | $63.0M |
自由现金流AMFRME
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $184.3M | — | ||
| Q2 24 | $147.2M | — |
自由现金流率AMFRME
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 68.3% | — | ||
| Q2 24 | 54.6% | — |
资本支出强度AMFRME
| 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AMFRME
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 4.97× | ||
| Q3 25 | 1.84× | 1.54× | ||
| Q2 25 | 2.13× | 0.94× | ||
| Q1 25 | 1.65× | 1.11× | ||
| Q4 24 | 2.09× | 4.14× | ||
| Q3 24 | 1.85× | 1.56× | ||
| Q2 24 | 2.51× | 1.58× |
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% |
FRME
| Net Interest Income | $151.3M | 96% |
| Noninterest Income | $5.8M | 4% |
