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Antero Midstream Corp（AM）与六旗（FUN）财务数据对比。点击上方公司名可切换其他公司
Antero Midstream Corp的季度营收约是六旗的1.3倍（$291.1M vs $225.6M），Antero Midstream Corp净利率更高（41.5% vs -119.0%，领先160.5%），六旗同比增速更快（11.7% vs -7.3%）
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。
六旗娱乐是总部位于美国北卡罗来纳州夏洛特的游乐园运营企业，由雪松会与原六旗公司于2024年7月1日对等合并而成，是全球最大的区域性游乐园运营商。旗下共运营42个场地，包含27座游乐园、15座水上乐园，配套9处 onsite 度假物业。
AM vs FUN — 直观对比
营收规模更大
AM
是对方的1.3倍
$225.6M
营收增速更快
FUN
高出19.0%
-7.3%
净利率更高
AM
高出160.5%
-119.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $225.6M |
| 净利润 | $120.7M | $-268.6M |
| 毛利率 | — | — |
| 营业利润率 | 60.9% | — |
| 净利率 | 41.5% | -119.0% |
| 营收同比 | -7.3% | 11.7% |
| 净利润同比 | 2.1% | -22.2% |
| 每股收益（稀释后） | $0.25 | — |
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AMFUN
| Q1 26 | $291.1M | $225.6M | ||
| Q4 25 | $297.0M | $650.1M | ||
| Q3 25 | $294.8M | $1.3B | ||
| Q2 25 | $305.5M | $930.4M | ||
| Q1 25 | $291.1M | $202.1M | ||
| Q4 24 | $287.5M | — | ||
| Q3 24 | $269.9M | $1.3B | ||
| Q2 24 | $269.8M | $571.6M |
净利润AMFUN
| Q1 26 | $120.7M | $-268.6M | ||
| Q4 25 | $51.9M | $-92.4M | ||
| Q3 25 | $116.0M | $-1.2B | ||
| Q2 25 | $124.5M | $-99.6M | ||
| Q1 25 | $120.7M | $-219.7M | ||
| Q4 24 | $111.2M | — | ||
| Q3 24 | $99.7M | $111.0M | ||
| Q2 24 | $86.0M | $55.6M |
毛利率AMFUN
| Q1 26 | — | — | ||
| Q4 25 | — | 91.4% | ||
| Q3 25 | — | 91.6% | ||
| Q2 25 | — | 91.3% | ||
| Q1 25 | — | 89.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 91.9% | ||
| Q2 24 | — | 90.7% |
营业利润率AMFUN
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | -3.8% | ||
| Q3 25 | 61.2% | -83.7% | ||
| Q2 25 | 61.0% | 8.0% | ||
| Q1 25 | 60.9% | -158.9% | ||
| Q4 24 | 61.8% | — | ||
| Q3 24 | 60.2% | 19.5% | ||
| Q2 24 | 56.6% | 21.6% |
净利率AMFUN
| Q1 26 | 41.5% | -119.0% | ||
| Q4 25 | 17.5% | -14.2% | ||
| Q3 25 | 39.3% | -90.1% | ||
| Q2 25 | 40.8% | -10.7% | ||
| Q1 25 | 41.5% | -108.7% | ||
| Q4 24 | 38.7% | — | ||
| Q3 24 | 37.0% | 8.2% | ||
| Q2 24 | 31.9% | 9.7% |
每股收益（稀释后）AMFUN
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $-0.93 | ||
| Q3 25 | $0.24 | $-11.77 | ||
| Q2 25 | $0.26 | $-0.99 | ||
| Q1 25 | $0.25 | $-2.20 | ||
| Q4 24 | $0.23 | — | ||
| Q3 24 | $0.21 | $1.10 | ||
| Q2 24 | $0.18 | — |
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 | $116.5M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.0B | $279.2M |
| 总资产 | $5.9B | $7.7B |
| 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AMFUN
| Q1 26 | $180.4M | $116.5M | ||
| Q4 25 | $180.4M | $91.1M | ||
| Q3 25 | — | $70.7M | ||
| Q2 25 | — | $107.4M | ||
| Q1 25 | — | $61.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $89.7M | ||
| Q2 24 | — | $52.9M |
总债务AMFUN
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $5.2B | ||
| Q3 25 | $3.0B | $5.0B | ||
| Q2 25 | $3.0B | $5.3B | ||
| Q1 25 | $3.1B | $5.0B | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.2B | $4.6B | ||
| Q2 24 | $3.2B | $2.3B |
股东权益AMFUN
| Q1 26 | $2.0B | $279.2M | ||
| Q4 25 | $2.0B | $549.8M | ||
| Q3 25 | $2.1B | $614.3M | ||
| Q2 25 | $2.1B | $1.8B | ||
| Q1 25 | $2.1B | $1.8B | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.1B | $2.3B | ||
| Q2 24 | $2.1B | — |
总资产AMFUN
| Q1 26 | $5.9B | $7.7B | ||
| Q4 25 | $5.9B | $7.8B | ||
| Q3 25 | $5.7B | $7.9B | ||
| Q2 25 | $5.7B | $9.5B | ||
| Q1 25 | $5.8B | $9.2B | ||
| Q4 24 | $5.8B | — | ||
| Q3 24 | $5.8B | $9.4B | ||
| Q2 24 | $5.8B | $2.3B |
负债/权益比AMFUN
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 9.40× | ||
| Q3 25 | 1.46× | 8.16× | ||
| Q2 25 | 1.45× | 2.97× | ||
| Q1 25 | 1.49× | 2.75× | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | 1.49× | 1.95× | ||
| 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AMFUN
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $-37.7M | ||
| Q3 25 | $212.8M | $356.2M | ||
| Q2 25 | $265.2M | $187.0M | ||
| Q1 25 | $198.9M | $-178.0M | ||
| Q4 24 | $232.7M | — | ||
| Q3 24 | $184.9M | $337.4M | ||
| Q2 24 | $215.8M | — |
自由现金流AMFUN
| Q1 26 | — | — | ||
| Q4 25 | — | $-109.3M | ||
| Q3 25 | — | $256.2M | ||
| Q2 25 | — | $18.8M | ||
| Q1 25 | — | $-318.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $184.3M | $227.7M | ||
| Q2 24 | $147.2M | — |
自由现金流率AMFUN
| Q1 26 | — | — | ||
| Q4 25 | — | -16.8% | ||
| Q3 25 | — | 19.4% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | -157.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | 68.3% | 16.9% | ||
| Q2 24 | 54.6% | — |
资本支出强度AMFUN
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 11.0% | ||
| Q3 25 | — | 7.6% | ||
| Q2 25 | — | 18.1% | ||
| Q1 25 | — | 69.3% | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.2% | 8.1% | ||
| Q2 24 | 25.4% | — |
现金转化率AMFUN
| 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× | 3.04× | ||
| 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% |
FUN
| In-park admissions revenues | $113.4M | 50% |
| In-park product revenues | $89.0M | 39% |
| Out-of-park revenues | $28.8M | 13% |
