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Antero Midstream Corp（AM）与J&J SNACK FOODS CORP（JJSF）财务数据对比。点击上方公司名可切换其他公司
J&J SNACK FOODS CORP的季度营收约是Antero Midstream Corp的1.2倍（$343.8M vs $297.0M），Antero Midstream Corp净利率更高（17.5% vs 0.3%，领先17.2%），Antero Midstream Corp同比增速更快（3.3% vs -5.2%），过去两年Antero Midstream Corp的营收复合增速更高（3.2% vs -2.2%）
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。
强生休闲食品公司（J&J Snack Foods Corp.）是美国知名的品牌休闲食品与冷冻饮品生产商、营销商及分销商，总部位于新泽西州芒特劳雷尔，在全美44个州、墨西哥及加拿大设有超175个生产、仓储及配送设施，于纳斯达克全球精选市场上市，业务覆盖国内外市场。
AM vs JJSF — 直观对比
营收规模更大
JJSF
是对方的1.2倍
$297.0M
营收增速更快
AM
高出8.5%
-5.2%
净利率更高
AM
高出17.2%
0.3%
两年增速更快
AM
近两年复合增速
-2.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $297.0M | $343.8M |
| 净利润 | $51.9M | $883.0K |
| 毛利率 | — | 27.9% |
| 营业利润率 | 33.8% | 0.2% |
| 净利率 | 17.5% | 0.3% |
| 营收同比 | 3.3% | -5.2% |
| 净利润同比 | -53.3% | -82.8% |
| 每股收益（稀释后） | $0.11 | $0.05 |
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AMJJSF
| Q4 25 | $297.0M | $343.8M | ||
| Q3 25 | $294.8M | $410.2M | ||
| Q2 25 | $305.5M | $454.3M | ||
| Q1 25 | $291.1M | $356.1M | ||
| Q4 24 | $287.5M | $362.6M | ||
| Q3 24 | $269.9M | $426.8M | ||
| Q2 24 | $269.8M | $440.0M | ||
| Q1 24 | $279.1M | $359.7M |
净利润AMJJSF
| Q4 25 | $51.9M | $883.0K | ||
| Q3 25 | $116.0M | $11.4M | ||
| Q2 25 | $124.5M | $44.2M | ||
| Q1 25 | $120.7M | $4.8M | ||
| Q4 24 | $111.2M | $5.1M | ||
| Q3 24 | $99.7M | $29.6M | ||
| Q2 24 | $86.0M | $36.3M | ||
| Q1 24 | $103.9M | $13.3M |
毛利率AMJJSF
| Q4 25 | — | 27.9% | ||
| Q3 25 | — | 31.7% | ||
| Q2 25 | — | 33.0% | ||
| Q1 25 | — | 26.9% | ||
| Q4 24 | — | 25.9% | ||
| Q3 24 | — | 31.8% | ||
| Q2 24 | — | 33.6% | ||
| Q1 24 | — | 30.1% |
营业利润率AMJJSF
| Q4 25 | 33.8% | 0.2% | ||
| Q3 25 | 61.2% | 2.8% | ||
| Q2 25 | 61.0% | 13.3% | ||
| Q1 25 | 60.9% | 1.7% | ||
| Q4 24 | 61.8% | 1.7% | ||
| Q3 24 | 60.2% | 9.3% | ||
| Q2 24 | 56.6% | 11.4% | ||
| Q1 24 | 59.6% | 5.0% |
净利率AMJJSF
| Q4 25 | 17.5% | 0.3% | ||
| Q3 25 | 39.3% | 2.8% | ||
| Q2 25 | 40.8% | 9.7% | ||
| Q1 25 | 41.5% | 1.4% | ||
| Q4 24 | 38.7% | 1.4% | ||
| Q3 24 | 37.0% | 6.9% | ||
| Q2 24 | 31.9% | 8.3% | ||
| Q1 24 | 37.2% | 3.7% |
每股收益（稀释后）AMJJSF
| Q4 25 | $0.11 | $0.05 | ||
| Q3 25 | $0.24 | $0.59 | ||
| Q2 25 | $0.26 | $2.26 | ||
| Q1 25 | $0.25 | $0.25 | ||
| Q4 24 | $0.23 | $0.26 | ||
| Q3 24 | $0.21 | $1.52 | ||
| Q2 24 | $0.18 | $1.87 | ||
| Q1 24 | $0.21 | $0.69 |
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 | $66.8M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.0B | $912.9M |
| 总资产 | $5.9B | $1.3B |
| 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AMJJSF
| Q4 25 | $180.4M | $66.8M | ||
| Q3 25 | — | $105.9M | ||
| Q2 25 | — | $77.4M | ||
| Q1 25 | — | $48.5M | ||
| Q4 24 | — | $73.6M | ||
| Q3 24 | — | $73.4M | ||
| Q2 24 | — | $64.0M | ||
| Q1 24 | $26.1M | $43.6M |
总债务AMJJSF
| 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 | — | ||
| Q1 24 | $3.2B | — |
股东权益AMJJSF
| Q4 25 | $2.0B | $912.9M | ||
| Q3 25 | $2.1B | $966.7M | ||
| Q2 25 | $2.1B | $969.9M | ||
| Q1 25 | $2.1B | $935.0M | ||
| Q4 24 | $2.1B | $946.8M | ||
| Q3 24 | $2.1B | $957.0M | ||
| Q2 24 | $2.1B | $937.9M | ||
| Q1 24 | $2.2B | $915.7M |
总资产AMJJSF
| Q4 25 | $5.9B | $1.3B | ||
| Q3 25 | $5.7B | $1.4B | ||
| Q2 25 | $5.7B | $1.4B | ||
| Q1 25 | $5.8B | $1.4B | ||
| Q4 24 | $5.8B | $1.3B | ||
| Q3 24 | $5.8B | $1.4B | ||
| Q2 24 | $5.8B | $1.4B | ||
| Q1 24 | $5.7B | $1.3B |
负债/权益比AMJJSF
| 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× | — | ||
| Q1 24 | 1.48× | — |
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 | $255.5M | $36.0M |
| 自由现金流经营现金流 - 资本支出 | — | $17.0M |
| 自由现金流率自由现金流/营收 | — | 4.9% |
| 资本支出强度资本支出/营收 | — | 5.5% |
| 现金转化率经营现金流/净利润 | 4.92× | 40.73× |
| 过去12个月自由现金流最近4个季度 | — | $83.1M |
8季度趋势，按日历期对齐
经营现金流AMJJSF
| Q4 25 | $255.5M | $36.0M | ||
| Q3 25 | $212.8M | $66.4M | ||
| Q2 25 | $265.2M | $51.2M | ||
| Q1 25 | $198.9M | $12.3M | ||
| Q4 24 | $232.7M | $35.2M | ||
| Q3 24 | $184.9M | $46.3M | ||
| Q2 24 | $215.8M | $65.0M | ||
| Q1 24 | $210.6M | $12.7M |
自由现金流AMJJSF
| Q4 25 | — | $17.0M | ||
| Q3 25 | — | $44.8M | ||
| Q2 25 | — | $28.5M | ||
| Q1 25 | — | $-7.2M | ||
| Q4 24 | — | $16.1M | ||
| Q3 24 | $184.3M | $29.1M | ||
| Q2 24 | $147.2M | $45.3M | ||
| Q1 24 | $208.5M | $-4.0M |
自由现金流率AMJJSF
| Q4 25 | — | 4.9% | ||
| Q3 25 | — | 10.9% | ||
| Q2 25 | — | 6.3% | ||
| Q1 25 | — | -2.0% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | 68.3% | 6.8% | ||
| Q2 24 | 54.6% | 10.3% | ||
| Q1 24 | 74.7% | -1.1% |
资本支出强度AMJJSF
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | 5.3% | ||
| Q2 25 | — | 5.0% | ||
| Q1 25 | — | 5.5% | ||
| Q4 24 | 0.0% | 5.3% | ||
| Q3 24 | 0.2% | 4.0% | ||
| Q2 24 | 25.4% | 4.5% | ||
| Q1 24 | 0.7% | 4.6% |
现金转化率AMJJSF
| Q4 25 | 4.92× | 40.73× | ||
| Q3 25 | 1.84× | 5.84× | ||
| Q2 25 | 2.13× | 1.16× | ||
| Q1 25 | 1.65× | 2.55× | ||
| Q4 24 | 2.09× | 6.84× | ||
| Q3 24 | 1.85× | 1.56× | ||
| Q2 24 | 2.51× | 1.79× | ||
| Q1 24 | 2.03× | 0.96× |
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 Low Pressure | $114.2M | 38% |
| Natural Gas Water Handling And Treatment Affiliate | $63.2M | 21% |
| Water Handling | $55.7M | 19% |
| Fresh Water Delivery | $37.2M | 13% |
| Other Fluid Handling | $26.9M | 9% |
JJSF
| Food Service | $219.2M | 64% |
| Frozen Beverages | $78.7M | 23% |
| Repair And Maintenance Service | $22.5M | 7% |
| Other | $12.7M | 4% |
| Machine Sales | $10.7M | 3% |
