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Antero Midstream Corp（AM）与哈雷戴维森（HOG）财务数据对比。点击上方公司名可切换其他公司
哈雷戴维森的季度营收约是Antero Midstream Corp的1.3倍（$390.5M vs $291.1M），Antero Midstream Corp净利率更高（41.5% vs -72.3%，领先113.8%），Antero Midstream Corp同比增速更快（-7.3% vs -9.4%），过去两年Antero Midstream Corp的营收复合增速更高（3.9% vs -48.6%）
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。
哈雷戴维森是源自美国的摩托车制造商与生活方式品牌，总部位于威斯康星州密尔沃基，创立于1903年。它是大萧条时期幸存下来的两大美国摩托车厂商之一，历经多次股权变动、子公司调整、经营困境与全球竞争，如今已是全球知名的标志性品牌。
AM vs HOG — 直观对比
营收规模更大
HOG
是对方的1.3倍
$291.1M
营收增速更快
AM
高出2.0%
-9.4%
净利率更高
AM
高出113.8%
-72.3%
两年增速更快
AM
近两年复合增速
-48.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $390.5M |
| 净利润 | $120.7M | $-282.6M |
| 毛利率 | — | -7.9% |
| 营业利润率 | 60.9% | -92.4% |
| 净利率 | 41.5% | -72.3% |
| 营收同比 | -7.3% | -9.4% |
| 净利润同比 | 2.1% | -138.6% |
| 每股收益（稀释后） | $0.25 | $-2.27 |
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AMHOG
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $390.5M | ||
| Q3 25 | $294.8M | $1.1B | ||
| Q2 25 | $305.5M | $1.0B | ||
| Q1 25 | $291.1M | $1.1B | ||
| Q4 24 | $287.5M | $430.9M | ||
| Q3 24 | $269.9M | $881.2M | ||
| Q2 24 | $269.8M | $1.4B |
净利润AMHOG
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $-282.6M | ||
| Q3 25 | $116.0M | $377.4M | ||
| Q2 25 | $124.5M | $107.6M | ||
| Q1 25 | $120.7M | $133.1M | ||
| Q4 24 | $111.2M | $-118.4M | ||
| Q3 24 | $99.7M | $119.0M | ||
| Q2 24 | $86.0M | $218.3M |
毛利率AMHOG
| Q1 26 | — | — | ||
| Q4 25 | — | -7.9% | ||
| Q3 25 | — | 26.0% | ||
| Q2 25 | — | 28.5% | ||
| Q1 25 | — | 28.9% | ||
| Q4 24 | — | -2.0% | ||
| Q3 24 | — | 29.8% | ||
| Q2 24 | — | 31.8% |
营业利润率AMHOG
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | -92.4% | ||
| Q3 25 | 61.2% | 44.0% | ||
| Q2 25 | 61.0% | 10.7% | ||
| Q1 25 | 60.9% | 14.8% | ||
| Q4 24 | 61.8% | -44.9% | ||
| Q3 24 | 60.2% | 12.0% | ||
| Q2 24 | 56.6% | 17.8% |
净利率AMHOG
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | -72.3% | ||
| Q3 25 | 39.3% | 35.0% | ||
| Q2 25 | 40.8% | 10.2% | ||
| Q1 25 | 41.5% | 12.3% | ||
| Q4 24 | 38.7% | -27.5% | ||
| Q3 24 | 37.0% | 13.5% | ||
| Q2 24 | 31.9% | 16.1% |
每股收益（稀释后）AMHOG
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $-2.27 | ||
| Q3 25 | $0.24 | $3.10 | ||
| Q2 25 | $0.26 | $0.88 | ||
| Q1 25 | $0.25 | $1.07 | ||
| Q4 24 | $0.23 | $-0.82 | ||
| Q3 24 | $0.21 | $0.91 | ||
| Q2 24 | $0.18 | $1.63 |
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 | $3.1B |
| 总债务越低越好 | $3.2B | $2.5B |
| 股东权益账面价值 | $2.0B | $3.1B |
| 总资产 | $5.9B | $8.0B |
| 负债/权益比越低杠杆越低 | 1.63× | 0.79× |
8季度趋势，按日历期对齐
现金及短期投资AMHOG
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $3.1B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $1.8B |
总债务AMHOG
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $2.5B | ||
| Q3 25 | $3.0B | $4.5B | ||
| Q2 25 | $3.0B | $6.4B | ||
| Q1 25 | $3.1B | $6.8B | ||
| Q4 24 | $3.1B | $6.3B | ||
| Q3 24 | $3.2B | $7.3B | ||
| Q2 24 | $3.2B | $7.0B |
股东权益AMHOG
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $3.1B | ||
| Q3 25 | $2.1B | $3.6B | ||
| Q2 25 | $2.1B | $3.3B | ||
| Q1 25 | $2.1B | $3.2B | ||
| Q4 24 | $2.1B | $3.2B | ||
| Q3 24 | $2.1B | $3.4B | ||
| Q2 24 | $2.1B | $3.4B |
总资产AMHOG
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $8.0B | ||
| Q3 25 | $5.7B | $10.6B | ||
| Q2 25 | $5.7B | $12.1B | ||
| Q1 25 | $5.8B | $12.4B | ||
| Q4 24 | $5.8B | $11.9B | ||
| Q3 24 | $5.8B | $13.0B | ||
| Q2 24 | $5.8B | $12.8B |
负债/权益比AMHOG
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 0.79× | ||
| Q3 25 | 1.46× | 1.25× | ||
| Q2 25 | 1.45× | 1.91× | ||
| Q1 25 | 1.49× | 2.14× | ||
| Q4 24 | 1.47× | 2.00× | ||
| Q3 24 | 1.49× | 2.13× | ||
| Q2 24 | 1.50× | 2.03× |
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 | $152.0M |
| 自由现金流经营现金流 - 资本支出 | — | $100.4M |
| 自由现金流率自由现金流/营收 | — | 25.7% |
| 资本支出强度资本支出/营收 | 11.1% | 13.2% |
| 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 | — | $415.2M |
8季度趋势，按日历期对齐
经营现金流AMHOG
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $152.0M | ||
| Q3 25 | $212.8M | $-92.6M | ||
| Q2 25 | $265.2M | $368.0M | ||
| Q1 25 | $198.9M | $141.5M | ||
| Q4 24 | $232.7M | $133.2M | ||
| Q3 24 | $184.9M | $353.0M | ||
| Q2 24 | $215.8M | $473.6M |
自由现金流AMHOG
| Q1 26 | — | — | ||
| Q4 25 | — | $100.4M | ||
| Q3 25 | — | $-129.1M | ||
| Q2 25 | — | $332.4M | ||
| Q1 25 | — | $111.6M | ||
| Q4 24 | — | $77.0M | ||
| Q3 24 | $184.3M | $300.4M | ||
| Q2 24 | $147.2M | $432.2M |
自由现金流率AMHOG
| Q1 26 | — | — | ||
| Q4 25 | — | 25.7% | ||
| Q3 25 | — | -12.0% | ||
| Q2 25 | — | 31.7% | ||
| Q1 25 | — | 10.3% | ||
| Q4 24 | — | 17.9% | ||
| Q3 24 | 68.3% | 34.1% | ||
| Q2 24 | 54.6% | 31.9% |
资本支出强度AMHOG
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 13.2% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | 0.0% | 13.0% | ||
| Q3 24 | 0.2% | 6.0% | ||
| Q2 24 | 25.4% | 3.1% |
现金转化率AMHOG
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | — | ||
| Q3 25 | 1.84× | -0.25× | ||
| Q2 25 | 2.13× | 3.42× | ||
| Q1 25 | 1.65× | 1.06× | ||
| Q4 24 | 2.09× | — | ||
| Q3 24 | 1.85× | 2.97× | ||
| Q2 24 | 2.51× | 2.17× |
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% |
HOG
| Motorcycles | $193.9M | 50% |
| Other | $63.8M | 16% |
| Other Income Financial Services | $59.8M | 15% |
| Apparel | $47.2M | 12% |
| Livewire Segment | $11.4M | 3% |
