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Antero Midstream Corp（AM）与IBEX Ltd（IBEX）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IBEX Ltd的1.8倍（$291.1M vs $164.2M），Antero Midstream Corp净利率更高（41.5% vs 7.4%，领先34.0%），IBEX Ltd同比增速更快（16.7% vs -7.3%），Antero Midstream Corp自由现金流更多（$186.9M vs $-5.1M），过去两年IBEX Ltd的营收复合增速更高（13.8% 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。
IBEX 35是西班牙主要交易所马德里证券交易所的基准股票指数，该指数始创于1992年，由西班牙证券市场集团BME旗下的交易所公司负责计算与管理。它以市值加权编制，涵盖马德里证券交易所流动性最高的35只西班牙股票，每年进行两次成分股调整。
AM vs IBEX — 直观对比
营收规模更大
AM
是对方的1.8倍
$164.2M
营收增速更快
IBEX
高出24.1%
-7.3%
净利率更高
AM
高出34.0%
7.4%
自由现金流更多
AM
多$192.0M
$-5.1M
两年增速更快
IBEX
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $164.2M |
| 净利润 | $120.7M | $12.2M |
| 毛利率 | — | — |
| 营业利润率 | 60.9% | 9.3% |
| 净利率 | 41.5% | 7.4% |
| 营收同比 | -7.3% | 16.7% |
| 净利润同比 | 2.1% | 31.8% |
| 每股收益（稀释后） | $0.25 | $0.83 |
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AMIBEX
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $164.2M | ||
| Q3 25 | $294.8M | $151.2M | ||
| Q2 25 | $305.5M | $147.1M | ||
| Q1 25 | $291.1M | $140.7M | ||
| Q4 24 | $287.5M | $140.7M | ||
| Q3 24 | $269.9M | $129.7M | ||
| Q2 24 | $269.8M | $124.5M |
净利润AMIBEX
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $12.2M | ||
| Q3 25 | $116.0M | $12.0M | ||
| Q2 25 | $124.5M | $9.6M | ||
| Q1 25 | $120.7M | $10.5M | ||
| Q4 24 | $111.2M | $9.3M | ||
| Q3 24 | $99.7M | $7.5M | ||
| Q2 24 | $86.0M | $9.8M |
营业利润率AMIBEX
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 9.3% | ||
| Q3 25 | 61.2% | 9.1% | ||
| Q2 25 | 61.0% | 8.3% | ||
| Q1 25 | 60.9% | 9.5% | ||
| Q4 24 | 61.8% | 8.5% | ||
| Q3 24 | 60.2% | 7.0% | ||
| Q2 24 | 56.6% | 10.3% |
净利率AMIBEX
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | 7.4% | ||
| Q3 25 | 39.3% | 8.0% | ||
| Q2 25 | 40.8% | 6.5% | ||
| Q1 25 | 41.5% | 7.4% | ||
| Q4 24 | 38.7% | 6.6% | ||
| Q3 24 | 37.0% | 5.8% | ||
| Q2 24 | 31.9% | 7.9% |
每股收益（稀释后）AMIBEX
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $0.83 | ||
| Q3 25 | $0.24 | $0.82 | ||
| Q2 25 | $0.26 | $0.63 | ||
| Q1 25 | $0.25 | $0.73 | ||
| Q4 24 | $0.23 | $0.57 | ||
| Q3 24 | $0.21 | $0.43 | ||
| Q2 24 | $0.18 | $0.55 |
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 | $15.5M |
| 总债务越低越好 | $3.2B | $594.0K |
| 股东权益账面价值 | $2.0B | $154.5M |
| 总资产 | $5.9B | $295.8M |
| 负债/权益比越低杠杆越低 | 1.63× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资AMIBEX
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $15.5M | ||
| Q3 25 | — | $22.7M | ||
| Q2 25 | — | $15.3M | ||
| Q1 25 | — | $13.0M | ||
| Q4 24 | — | $20.2M | ||
| Q3 24 | — | $62.3M | ||
| Q2 24 | — | $62.7M |
总债务AMIBEX
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $594.0K | ||
| Q3 25 | $3.0B | $726.0K | ||
| Q2 25 | $3.0B | $796.0K | ||
| Q1 25 | $3.1B | $735.0K | ||
| Q4 24 | $3.1B | $695.0K | ||
| Q3 24 | $3.2B | $802.0K | ||
| Q2 24 | $3.2B | $867.0K |
股东权益AMIBEX
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $154.5M | ||
| Q3 25 | $2.1B | $143.6M | ||
| Q2 25 | $2.1B | $134.3M | ||
| Q1 25 | $2.1B | $124.2M | ||
| Q4 24 | $2.1B | $108.9M | ||
| Q3 24 | $2.1B | $171.1M | ||
| Q2 24 | $2.1B | $165.8M |
总资产AMIBEX
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $295.8M | ||
| Q3 25 | $5.7B | $283.9M | ||
| Q2 25 | $5.7B | $273.2M | ||
| Q1 25 | $5.8B | $274.7M | ||
| Q4 24 | $5.8B | $272.5M | ||
| Q3 24 | $5.8B | $306.3M | ||
| Q2 24 | $5.8B | $293.9M |
负债/权益比AMIBEX
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 0.00× | ||
| Q3 25 | 1.46× | 0.01× | ||
| Q2 25 | 1.45× | 0.01× | ||
| Q1 25 | 1.49× | 0.01× | ||
| Q4 24 | 1.47× | 0.01× | ||
| Q3 24 | 1.49× | 0.00× | ||
| Q2 24 | 1.50× | 0.01× |
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 | $6.6M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | $-5.1M |
| 自由现金流率自由现金流/营收 | 64.2% | -3.1% |
| 资本支出强度资本支出/营收 | 11.1% | 7.1% |
| 现金转化率经营现金流/净利润 | 1.65× | 0.54× |
| 过去12个月自由现金流最近4个季度 | — | $29.3M |
8季度趋势，按日历期对齐
经营现金流AMIBEX
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $6.6M | ||
| Q3 25 | $212.8M | $15.7M | ||
| Q2 25 | $265.2M | $27.9M | ||
| Q1 25 | $198.9M | $8.8M | ||
| Q4 24 | $232.7M | $1.1M | ||
| Q3 24 | $184.9M | $7.8M | ||
| Q2 24 | $215.8M | $17.4M |
自由现金流AMIBEX
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $-5.1M | ||
| Q3 25 | — | $8.0M | ||
| Q2 25 | — | $22.8M | ||
| Q1 25 | — | $3.6M | ||
| Q4 24 | — | $-3.2M | ||
| Q3 24 | $184.3M | $4.1M | ||
| Q2 24 | $147.2M | $15.2M |
自由现金流率AMIBEX
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | -3.1% | ||
| Q3 25 | — | 5.3% | ||
| Q2 25 | — | 15.5% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | -2.3% | ||
| Q3 24 | 68.3% | 3.2% | ||
| Q2 24 | 54.6% | 12.2% |
资本支出强度AMIBEX
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 7.1% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | — | 3.5% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | 0.0% | 3.1% | ||
| Q3 24 | 0.2% | 2.8% | ||
| Q2 24 | 25.4% | 1.8% |
现金转化率AMIBEX
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 0.54× | ||
| Q3 25 | 1.84× | 1.30× | ||
| Q2 25 | 2.13× | 2.91× | ||
| Q1 25 | 1.65× | 0.84× | ||
| Q4 24 | 2.09× | 0.12× | ||
| Q3 24 | 1.85× | 1.03× | ||
| Q2 24 | 2.51× | 1.77× |
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% |
IBEX
| Transferred Over Time | $147.1M | 90% |
| Transferred At Point In Time | $17.1M | 10% |
