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Antero Midstream Corp（AM）与INTERPARFUMS INC（IPAR）财务数据对比。点击上方公司名可切换其他公司
INTERPARFUMS INC的季度营收约是Antero Midstream Corp的1.3倍（$386.2M vs $291.1M），Antero Midstream Corp净利率更高（41.5% vs 7.3%，领先34.2%），INTERPARFUMS INC同比增速更快（6.8% vs -7.3%），Antero Midstream Corp自由现金流更多（$186.9M vs $145.0M），过去两年INTERPARFUMS INC的营收复合增速更高（9.2% 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。
Inter Parfums Inc是全球知名的高端香水企业，开发、生产并销售多款授权香水、身体护理及相关美妆产品，与多家顶级奢侈时尚生活方式品牌合作推出联名香氛系列，产品覆盖全球主要市场，通过百货、美妆专营店及官方电商渠道触达消费者。
AM vs IPAR — 直观对比
营收规模更大
IPAR
是对方的1.3倍
$291.1M
营收增速更快
IPAR
高出14.2%
-7.3%
净利率更高
AM
高出34.2%
7.3%
自由现金流更多
AM
多$41.9M
$145.0M
两年增速更快
IPAR
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $386.2M |
| 净利润 | $120.7M | $28.1M |
| 毛利率 | — | 61.5% |
| 营业利润率 | 60.9% | 7.1% |
| 净利率 | 41.5% | 7.3% |
| 营收同比 | -7.3% | 6.8% |
| 净利润同比 | 2.1% | 16.0% |
| 每股收益（稀释后） | $0.25 | $0.88 |
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AMIPAR
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $386.2M | ||
| Q3 25 | $294.8M | $429.6M | ||
| Q2 25 | $305.5M | $333.9M | ||
| Q1 25 | $291.1M | $338.8M | ||
| Q4 24 | $287.5M | $361.5M | ||
| Q3 24 | $269.9M | $424.6M | ||
| Q2 24 | $269.8M | $342.2M |
净利润AMIPAR
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $28.1M | ||
| Q3 25 | $116.0M | $65.8M | ||
| Q2 25 | $124.5M | $32.0M | ||
| Q1 25 | $120.7M | $42.5M | ||
| Q4 24 | $111.2M | $24.2M | ||
| Q3 24 | $99.7M | $62.3M | ||
| Q2 24 | $86.0M | $36.8M |
毛利率AMIPAR
| Q1 26 | — | — | ||
| Q4 25 | — | 61.5% | ||
| Q3 25 | — | 63.5% | ||
| Q2 25 | — | 66.2% | ||
| Q1 25 | — | 63.7% | ||
| Q4 24 | — | 64.5% | ||
| Q3 24 | — | 63.9% | ||
| Q2 24 | — | 64.5% |
营业利润率AMIPAR
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 7.1% | ||
| Q3 25 | 61.2% | 25.3% | ||
| Q2 25 | 61.0% | 17.7% | ||
| Q1 25 | 60.9% | 22.2% | ||
| Q4 24 | 61.8% | 10.0% | ||
| Q3 24 | 60.2% | 25.0% | ||
| Q2 24 | 56.6% | 18.9% |
净利率AMIPAR
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | 7.3% | ||
| Q3 25 | 39.3% | 15.3% | ||
| Q2 25 | 40.8% | 9.6% | ||
| Q1 25 | 41.5% | 12.5% | ||
| Q4 24 | 38.7% | 6.7% | ||
| Q3 24 | 37.0% | 14.7% | ||
| Q2 24 | 31.9% | 10.8% |
每股收益（稀释后）AMIPAR
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $0.88 | ||
| Q3 25 | $0.24 | $2.05 | ||
| Q2 25 | $0.26 | $0.99 | ||
| Q1 25 | $0.25 | $1.32 | ||
| Q4 24 | $0.23 | $0.78 | ||
| Q3 24 | $0.21 | $1.93 | ||
| Q2 24 | $0.18 | $1.14 |
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 | $137.1M |
| 总债务越低越好 | $3.2B | $176.0M |
| 股东权益账面价值 | $2.0B | $880.7M |
| 总资产 | $5.9B | $1.6B |
| 负债/权益比越低杠杆越低 | 1.63× | 0.20× |
8季度趋势，按日历期对齐
现金及短期投资AMIPAR
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $137.1M | ||
| Q3 25 | — | $77.5M | ||
| Q2 25 | — | $53.9M | ||
| Q1 25 | — | $75.3M | ||
| Q4 24 | — | $109.3M | ||
| Q3 24 | — | $78.8M | ||
| Q2 24 | — | $37.7M |
总债务AMIPAR
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $176.0M | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.1B | — | ||
| Q4 24 | $3.1B | $157.3M | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — |
股东权益AMIPAR
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $880.7M | ||
| Q3 25 | $2.1B | $870.9M | ||
| Q2 25 | $2.1B | $839.4M | ||
| Q1 25 | $2.1B | $788.6M | ||
| Q4 24 | $2.1B | $744.9M | ||
| Q3 24 | $2.1B | $778.5M | ||
| Q2 24 | $2.1B | $717.1M |
总资产AMIPAR
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $1.6B | ||
| Q3 25 | $5.7B | $1.6B | ||
| Q2 25 | $5.7B | $1.6B | ||
| Q1 25 | $5.8B | $1.4B | ||
| Q4 24 | $5.8B | $1.4B | ||
| Q3 24 | $5.8B | $1.5B | ||
| Q2 24 | $5.8B | $1.4B |
负债/权益比AMIPAR
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 0.20× | ||
| Q3 25 | 1.46× | — | ||
| Q2 25 | 1.45× | — | ||
| Q1 25 | 1.49× | — | ||
| Q4 24 | 1.47× | 0.21× | ||
| 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 | $146.5M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | $145.0M |
| 自由现金流率自由现金流/营收 | 64.2% | 37.5% |
| 资本支出强度资本支出/营收 | 11.1% | 0.4% |
| 现金转化率经营现金流/净利润 | 1.65× | 5.21× |
| 过去12个月自由现金流最近4个季度 | — | $190.5M |
8季度趋势，按日历期对齐
经营现金流AMIPAR
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $146.5M | ||
| Q3 25 | $212.8M | $63.9M | ||
| Q2 25 | $265.2M | $11.9M | ||
| Q1 25 | $198.9M | $-7.4M | ||
| Q4 24 | $232.7M | $138.0M | ||
| Q3 24 | $184.9M | $76.1M | ||
| Q2 24 | $215.8M | $25.5M |
自由现金流AMIPAR
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $145.0M | ||
| Q3 25 | — | $57.6M | ||
| Q2 25 | — | $-3.3M | ||
| Q1 25 | — | $-8.8M | ||
| Q4 24 | — | $136.1M | ||
| Q3 24 | $184.3M | $75.4M | ||
| Q2 24 | $147.2M | $24.4M |
自由现金流率AMIPAR
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | 37.5% | ||
| Q3 25 | — | 13.4% | ||
| Q2 25 | — | -1.0% | ||
| Q1 25 | — | -2.6% | ||
| Q4 24 | — | 37.7% | ||
| Q3 24 | 68.3% | 17.8% | ||
| Q2 24 | 54.6% | 7.1% |
资本支出强度AMIPAR
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 4.5% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | 0.0% | 0.5% | ||
| Q3 24 | 0.2% | 0.2% | ||
| Q2 24 | 25.4% | 0.3% |
现金转化率AMIPAR
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 5.21× | ||
| Q3 25 | 1.84× | 0.97× | ||
| Q2 25 | 2.13× | 0.37× | ||
| Q1 25 | 1.65× | -0.17× | ||
| Q4 24 | 2.09× | 5.69× | ||
| Q3 24 | 1.85× | 1.22× | ||
| Q2 24 | 2.51× | 0.69× |
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% |
IPAR
| European Based Operations | $232.7M | 60% |
| United States Based Operations | $155.2M | 40% |
