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Antero Midstream Corp（AM）与INSTEEL INDUSTRIES INC（IIIN）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INSTEEL INDUSTRIES INC的1.8倍（$291.1M vs $159.9M），Antero Midstream Corp净利率更高（41.5% vs 4.7%，领先36.7%），INSTEEL INDUSTRIES INC同比增速更快（23.3% vs -7.3%），过去两年INSTEEL INDUSTRIES INC的营收复合增速更高（12.0% 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。
Insteel Industries Inc是美国领先的钢材加固产品制造商，主营焊接钢筋网、工程结构网、钢纤维等产品，主要服务北美地区非住宅建筑、基础设施、预制混凝土构件等领域客户，提供高性能建筑加固解决方案。
AM vs IIIN — 直观对比
营收规模更大
AM
是对方的1.8倍
$159.9M
营收增速更快
IIIN
高出30.6%
-7.3%
净利率更高
AM
高出36.7%
4.7%
两年增速更快
IIIN
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $159.9M |
| 净利润 | $120.7M | $7.6M |
| 毛利率 | — | 11.3% |
| 营业利润率 | 60.9% | 6.0% |
| 净利率 | 41.5% | 4.7% |
| 营收同比 | -7.3% | 23.3% |
| 净利润同比 | 2.1% | 602.4% |
| 每股收益（稀释后） | $0.25 | $0.39 |
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AMIIIN
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $159.9M | ||
| Q3 25 | $294.8M | $177.4M | ||
| Q2 25 | $305.5M | $179.9M | ||
| Q1 25 | $291.1M | $160.7M | ||
| Q4 24 | $287.5M | $129.7M | ||
| Q3 24 | $269.9M | $134.3M | ||
| Q2 24 | $269.8M | $145.8M |
净利润AMIIIN
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $7.6M | ||
| Q3 25 | $116.0M | $14.6M | ||
| Q2 25 | $124.5M | $15.2M | ||
| Q1 25 | $120.7M | $10.2M | ||
| Q4 24 | $111.2M | $1.1M | ||
| Q3 24 | $99.7M | $4.7M | ||
| Q2 24 | $86.0M | $6.6M |
毛利率AMIIIN
| Q1 26 | — | — | ||
| Q4 25 | — | 11.3% | ||
| Q3 25 | — | 16.1% | ||
| Q2 25 | — | 17.1% | ||
| Q1 25 | — | 15.3% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | 9.1% | ||
| Q2 24 | — | 10.6% |
营业利润率AMIIIN
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 6.0% | ||
| Q3 25 | 61.2% | 10.8% | ||
| Q2 25 | 61.0% | 11.0% | ||
| Q1 25 | 60.9% | 8.3% | ||
| Q4 24 | 61.8% | 1.1% | ||
| Q3 24 | 60.2% | 4.5% | ||
| Q2 24 | 56.6% | 6.0% |
净利率AMIIIN
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | 4.7% | ||
| Q3 25 | 39.3% | 8.2% | ||
| Q2 25 | 40.8% | 8.4% | ||
| Q1 25 | 41.5% | 6.4% | ||
| Q4 24 | 38.7% | 0.8% | ||
| Q3 24 | 37.0% | 3.5% | ||
| Q2 24 | 31.9% | 4.5% |
每股收益（稀释后）AMIIIN
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $0.39 | ||
| Q3 25 | $0.24 | $0.74 | ||
| Q2 25 | $0.26 | $0.78 | ||
| Q1 25 | $0.25 | $0.52 | ||
| Q4 24 | $0.23 | $0.06 | ||
| Q3 24 | $0.21 | $0.24 | ||
| Q2 24 | $0.18 | $0.34 |
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 | $15.6M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.0B | $358.8M |
| 总资产 | $5.9B | $456.1M |
| 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AMIIIN
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $15.6M | ||
| Q3 25 | — | $38.6M | ||
| Q2 25 | — | $53.7M | ||
| Q1 25 | — | $28.4M | ||
| Q4 24 | — | $36.0M | ||
| Q3 24 | — | $111.5M | ||
| Q2 24 | — | $97.7M |
总债务AMIIIN
| 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AMIIIN
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $358.8M | ||
| Q3 25 | $2.1B | $371.5M | ||
| Q2 25 | $2.1B | $356.2M | ||
| Q1 25 | $2.1B | $341.4M | ||
| Q4 24 | $2.1B | $331.6M | ||
| Q3 24 | $2.1B | $350.9M | ||
| Q2 24 | $2.1B | $346.0M |
总资产AMIIIN
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $456.1M | ||
| Q3 25 | $5.7B | $462.6M | ||
| Q2 25 | $5.7B | $471.9M | ||
| Q1 25 | $5.8B | $421.9M | ||
| Q4 24 | $5.8B | $404.7M | ||
| Q3 24 | $5.8B | $422.6M | ||
| Q2 24 | $5.8B | $414.6M |
负债/权益比AMIIIN
| 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 | $-701.0K |
| 自由现金流经营现金流 - 资本支出 | — | $-2.2M |
| 自由现金流率自由现金流/营收 | — | -1.4% |
| 资本支出强度资本支出/营收 | 11.1% | 0.9% |
| 现金转化率经营现金流/净利润 | 1.65× | -0.09× |
| 过去12个月自由现金流最近4个季度 | — | $439.0K |
8季度趋势，按日历期对齐
经营现金流AMIIIN
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $-701.0K | ||
| Q3 25 | $212.8M | $-17.0M | ||
| Q2 25 | $265.2M | $28.5M | ||
| Q1 25 | $198.9M | $-3.3M | ||
| Q4 24 | $232.7M | $19.0M | ||
| Q3 24 | $184.9M | $16.2M | ||
| Q2 24 | $215.8M | $18.8M |
自由现金流AMIIIN
| Q1 26 | — | — | ||
| Q4 25 | — | $-2.2M | ||
| Q3 25 | — | $-18.7M | ||
| Q2 25 | — | $26.9M | ||
| Q1 25 | — | $-5.5M | ||
| Q4 24 | — | $16.3M | ||
| Q3 24 | $184.3M | $14.5M | ||
| Q2 24 | $147.2M | $15.5M |
自由现金流率AMIIIN
| Q1 26 | — | — | ||
| Q4 25 | — | -1.4% | ||
| Q3 25 | — | -10.6% | ||
| Q2 25 | — | 15.0% | ||
| Q1 25 | — | -3.5% | ||
| Q4 24 | — | 12.6% | ||
| Q3 24 | 68.3% | 10.8% | ||
| Q2 24 | 54.6% | 10.7% |
资本支出强度AMIIIN
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | 0.0% | 2.1% | ||
| Q3 24 | 0.2% | 1.3% | ||
| Q2 24 | 25.4% | 2.2% |
现金转化率AMIIIN
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | -0.09× | ||
| Q3 25 | 1.84× | -1.17× | ||
| Q2 25 | 2.13× | 1.88× | ||
| Q1 25 | 1.65× | -0.32× | ||
| Q4 24 | 2.09× | 17.56× | ||
| Q3 24 | 1.85× | 3.48× | ||
| Q2 24 | 2.51× | 2.86× |
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% |
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
