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Antero Midstream Corp（AM）与铱星通信（IRDM）财务数据对比。点击上方公司名可切换其他公司
Antero Midstream Corp的季度营收约是铱星通信的1.3倍（$291.1M vs $219.1M），Antero Midstream Corp净利率更高（41.5% vs 9.9%，领先31.6%），铱星通信同比增速更快（1.9% vs -7.3%），过去两年铱星通信的营收复合增速更高（4.4% 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。
铱星通信是一家总部位于美国弗吉尼亚州麦克莱恩的上市企业，运营着由80颗卫星组成的铱星星座，其中66颗为工作星，14颗为在轨备用星。其卫星网络支持手持卫星电话、卫星通信终端及集成收发设备实现全球范围的语音和数据传输，还可提供双向卫星消息服务，满足全球各场景的通信需求。
AM vs IRDM — 直观对比
营收规模更大
AM
是对方的1.3倍
$219.1M
营收增速更快
IRDM
高出9.3%
-7.3%
净利率更高
AM
高出31.6%
9.9%
两年增速更快
IRDM
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $219.1M |
| 净利润 | $120.7M | $21.6M |
| 毛利率 | — | — |
| 营业利润率 | 60.9% | 23.2% |
| 净利率 | 41.5% | 9.9% |
| 营收同比 | -7.3% | 1.9% |
| 净利润同比 | 2.1% | — |
| 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AMIRDM
| Q1 26 | $291.1M | $219.1M | ||
| Q4 25 | $297.0M | $212.9M | ||
| Q3 25 | $294.8M | $226.9M | ||
| Q2 25 | $305.5M | $216.9M | ||
| Q1 25 | $291.1M | $214.9M | ||
| Q4 24 | $287.5M | $213.0M | ||
| Q3 24 | $269.9M | $212.8M | ||
| Q2 24 | $269.8M | $201.1M |
净利润AMIRDM
| Q1 26 | $120.7M | $21.6M | ||
| Q4 25 | $51.9M | $24.9M | ||
| Q3 25 | $116.0M | $37.1M | ||
| Q2 25 | $124.5M | $22.0M | ||
| Q1 25 | $120.7M | $30.4M | ||
| Q4 24 | $111.2M | $36.3M | ||
| Q3 24 | $99.7M | $24.4M | ||
| Q2 24 | $86.0M | $32.3M |
营业利润率AMIRDM
| Q1 26 | 60.9% | 23.2% | ||
| Q4 25 | 33.8% | 25.9% | ||
| Q3 25 | 61.2% | 30.9% | ||
| Q2 25 | 61.0% | 23.2% | ||
| Q1 25 | 60.9% | 28.1% | ||
| Q4 24 | 61.8% | 24.5% | ||
| Q3 24 | 60.2% | 25.8% | ||
| Q2 24 | 56.6% | 21.7% |
净利率AMIRDM
| Q1 26 | 41.5% | 9.9% | ||
| Q4 25 | 17.5% | 11.7% | ||
| Q3 25 | 39.3% | 16.4% | ||
| Q2 25 | 40.8% | 10.1% | ||
| Q1 25 | 41.5% | 14.2% | ||
| Q4 24 | 38.7% | 17.1% | ||
| Q3 24 | 37.0% | 11.5% | ||
| Q2 24 | 31.9% | 16.1% |
每股收益（稀释后）AMIRDM
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $0.24 | ||
| Q3 25 | $0.24 | $0.35 | ||
| Q2 25 | $0.26 | $0.20 | ||
| Q1 25 | $0.25 | $0.27 | ||
| Q4 24 | $0.23 | $0.30 | ||
| Q3 24 | $0.21 | $0.21 | ||
| Q2 24 | $0.18 | $0.27 |
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 | — |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.0B | — |
| 总资产 | $5.9B | — |
| 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AMIRDM
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $96.5M | ||
| Q3 25 | — | $88.5M | ||
| Q2 25 | — | $79.3M | ||
| Q1 25 | — | $50.9M | ||
| Q4 24 | — | $93.5M | ||
| Q3 24 | — | $159.6M | ||
| Q2 24 | — | $63.5M |
总债务AMIRDM
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $1.8B | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.1B | — | ||
| Q4 24 | $3.1B | $1.8B | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — |
股东权益AMIRDM
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $462.6M | ||
| Q3 25 | $2.1B | $450.5M | ||
| Q2 25 | $2.1B | $473.6M | ||
| Q1 25 | $2.1B | $518.4M | ||
| Q4 24 | $2.1B | $576.6M | ||
| Q3 24 | $2.1B | $663.8M | ||
| Q2 24 | $2.1B | $786.7M |
总资产AMIRDM
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $2.5B | ||
| Q3 25 | $5.7B | $2.6B | ||
| Q2 25 | $5.7B | $2.6B | ||
| Q1 25 | $5.8B | $2.6B | ||
| Q4 24 | $5.8B | $2.7B | ||
| Q3 24 | $5.8B | $2.8B | ||
| Q2 24 | $5.8B | $2.7B |
负债/权益比AMIRDM
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 3.80× | ||
| Q3 25 | 1.46× | — | ||
| Q2 25 | 1.45× | — | ||
| Q1 25 | 1.49× | — | ||
| Q4 24 | 1.47× | 3.05× | ||
| 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 | — |
| 自由现金流经营现金流 - 资本支出 | $186.9M | — |
| 自由现金流率自由现金流/营收 | 64.2% | — |
| 资本支出强度资本支出/营收 | 11.1% | 13.7% |
| 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AMIRDM
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $108.6M | ||
| Q3 25 | $212.8M | $100.8M | ||
| Q2 25 | $265.2M | $129.6M | ||
| Q1 25 | $198.9M | $61.1M | ||
| Q4 24 | $232.7M | $104.8M | ||
| Q3 24 | $184.9M | $118.6M | ||
| Q2 24 | $215.8M | $81.1M |
自由现金流AMIRDM
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $75.1M | ||
| Q3 25 | — | $79.2M | ||
| Q2 25 | — | $108.9M | ||
| Q1 25 | — | $36.5M | ||
| Q4 24 | — | $80.5M | ||
| Q3 24 | $184.3M | $100.0M | ||
| Q2 24 | $147.2M | $68.7M |
自由现金流率AMIRDM
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | 35.3% | ||
| Q3 25 | — | 34.9% | ||
| Q2 25 | — | 50.2% | ||
| Q1 25 | — | 17.0% | ||
| Q4 24 | — | 37.8% | ||
| Q3 24 | 68.3% | 47.0% | ||
| Q2 24 | 54.6% | 34.2% |
资本支出强度AMIRDM
| Q1 26 | 11.1% | 13.7% | ||
| Q4 25 | — | 15.7% | ||
| Q3 25 | — | 9.5% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | 11.4% | ||
| Q4 24 | 0.0% | 11.4% | ||
| Q3 24 | 0.2% | 8.7% | ||
| Q2 24 | 25.4% | 6.2% |
现金转化率AMIRDM
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 4.37× | ||
| Q3 25 | 1.84× | 2.71× | ||
| Q2 25 | 2.13× | 5.90× | ||
| Q1 25 | 1.65× | 2.01× | ||
| Q4 24 | 2.09× | 2.88× | ||
| Q3 24 | 1.85× | 4.85× | ||
| Q2 24 | 2.51× | 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% |
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $46.0M | 21% |
| Government | $39.5M | 18% |
| Government service revenue (5) | $27.6M | 13% |
| Subscriber equipment | $20.2M | 9% |
| Hosted payload and other data service (4) | $14.8M | 7% |
| Broadband (3) | $12.2M | 6% |
| Commercial | $1.3M | 1% |
