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Antero Midstream Corp（AM）与Liberty Broadband Corp（LBRDA）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Liberty Broadband Corp的1.1倍（$291.1M vs $261.0M），Liberty Broadband Corp净利率更高（146.7% vs 41.5%，领先105.3%），Liberty Broadband Corp同比增速更快（6.1% vs -7.3%），Antero Midstream Corp自由现金流更多（$186.9M vs $37.0M），过去两年Liberty Broadband Corp的营收复合增速更高（4.3% 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。
本公司是一家覆盖英、荷、美三地的跨国电信企业，注册地为百慕大，在伦敦、阿姆斯特丹、丹佛设有总部，旗下拥有多家对应司法辖区的运营主体，其中英国主体为公开上市实体，2005年由自由媒体国际业务板块与UnitedGlobalCom合并成立。
AM vs LBRDA — 直观对比
营收规模更大
AM
是对方的1.1倍
$261.0M
营收增速更快
LBRDA
高出13.4%
-7.3%
净利率更高
LBRDA
高出105.3%
41.5%
自由现金流更多
AM
多$149.9M
$37.0M
两年增速更快
LBRDA
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q2 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $261.0M |
| 净利润 | $120.7M | $383.0M |
| 毛利率 | — | — |
| 营业利润率 | 60.9% | 15.7% |
| 净利率 | 41.5% | 146.7% |
| 营收同比 | -7.3% | 6.1% |
| 净利润同比 | 2.1% | 96.4% |
| 每股收益（稀释后） | $0.25 | $2.68 |
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AMLBRDA
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | — | ||
| Q3 25 | $294.8M | — | ||
| Q2 25 | $305.5M | $261.0M | ||
| Q1 25 | $291.1M | $266.0M | ||
| Q4 24 | $287.5M | $263.0M | ||
| Q3 24 | $269.9M | $262.0M | ||
| Q2 24 | $269.8M | $246.0M |
净利润AMLBRDA
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | — | ||
| Q3 25 | $116.0M | — | ||
| Q2 25 | $124.5M | $383.0M | ||
| Q1 25 | $120.7M | $268.0M | ||
| Q4 24 | $111.2M | $291.0M | ||
| Q3 24 | $99.7M | $142.0M | ||
| Q2 24 | $86.0M | $195.0M |
营业利润率AMLBRDA
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | — | ||
| Q3 25 | 61.2% | — | ||
| Q2 25 | 61.0% | 15.7% | ||
| Q1 25 | 60.9% | 16.2% | ||
| Q4 24 | 61.8% | 4.9% | ||
| Q3 24 | 60.2% | 11.5% | ||
| Q2 24 | 56.6% | 8.5% |
净利率AMLBRDA
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | — | ||
| Q3 25 | 39.3% | — | ||
| Q2 25 | 40.8% | 146.7% | ||
| Q1 25 | 41.5% | 100.8% | ||
| Q4 24 | 38.7% | 110.6% | ||
| Q3 24 | 37.0% | 54.2% | ||
| Q2 24 | 31.9% | 79.3% |
每股收益（稀释后）AMLBRDA
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | — | ||
| Q3 25 | $0.24 | — | ||
| Q2 25 | $0.26 | $2.68 | ||
| Q1 25 | $0.25 | $1.87 | ||
| Q4 24 | $0.23 | $2.04 | ||
| Q3 24 | $0.21 | $0.99 | ||
| Q2 24 | $0.18 | $1.36 |
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 | $180.0M |
| 总债务越低越好 | $3.2B | $3.1B |
| 股东权益账面价值 | $2.0B | $10.4B |
| 总资产 | $5.9B | $16.6B |
| 负债/权益比越低杠杆越低 | 1.63× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资AMLBRDA
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $180.0M | ||
| Q1 25 | — | $226.0M | ||
| Q4 24 | — | $163.0M | ||
| Q3 24 | — | $168.0M | ||
| Q2 24 | — | $73.0M |
总债务AMLBRDA
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | $3.1B | ||
| Q1 25 | $3.1B | $3.8B | ||
| Q4 24 | $3.1B | $3.8B | ||
| Q3 24 | $3.2B | $3.7B | ||
| Q2 24 | $3.2B | $3.6B |
股东权益AMLBRDA
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.1B | $10.4B | ||
| Q1 25 | $2.1B | $10.1B | ||
| Q4 24 | $2.1B | $9.8B | ||
| Q3 24 | $2.1B | $9.5B | ||
| Q2 24 | $2.1B | $9.3B |
总资产AMLBRDA
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | — | ||
| Q3 25 | $5.7B | — | ||
| Q2 25 | $5.7B | $16.6B | ||
| Q1 25 | $5.8B | $17.0B | ||
| Q4 24 | $5.8B | $16.7B | ||
| Q3 24 | $5.8B | $16.3B | ||
| Q2 24 | $5.8B | $16.0B |
负债/权益比AMLBRDA
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.46× | — | ||
| Q2 25 | 1.45× | 0.30× | ||
| Q1 25 | 1.49× | 0.38× | ||
| Q4 24 | 1.47× | 0.38× | ||
| Q3 24 | 1.49× | 0.39× | ||
| Q2 24 | 1.50× | 0.39× |
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 | $91.0M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | $37.0M |
| 自由现金流率自由现金流/营收 | 64.2% | 14.2% |
| 资本支出强度资本支出/营收 | 11.1% | 20.7% |
| 现金转化率经营现金流/净利润 | 1.65× | 0.24× |
| 过去12个月自由现金流最近4个季度 | — | $-49.0M |
8季度趋势，按日历期对齐
经营现金流AMLBRDA
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | — | ||
| Q3 25 | $212.8M | — | ||
| Q2 25 | $265.2M | $91.0M | ||
| Q1 25 | $198.9M | $78.0M | ||
| Q4 24 | $232.7M | $1.0M | ||
| Q3 24 | $184.9M | $24.0M | ||
| Q2 24 | $215.8M | $27.0M |
自由现金流AMLBRDA
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $37.0M | ||
| Q1 25 | — | $13.0M | ||
| Q4 24 | — | $-63.0M | ||
| Q3 24 | $184.3M | $-36.0M | ||
| Q2 24 | $147.2M | $-35.0M |
自由现金流率AMLBRDA
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 14.2% | ||
| Q1 25 | — | 4.9% | ||
| Q4 24 | — | -24.0% | ||
| Q3 24 | 68.3% | -13.7% | ||
| Q2 24 | 54.6% | -14.2% |
资本支出强度AMLBRDA
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 20.7% | ||
| Q1 25 | — | 24.4% | ||
| Q4 24 | 0.0% | 24.3% | ||
| Q3 24 | 0.2% | 22.9% | ||
| Q2 24 | 25.4% | 25.2% |
现金转化率AMLBRDA
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | — | ||
| Q3 25 | 1.84× | — | ||
| Q2 25 | 2.13× | 0.24× | ||
| Q1 25 | 1.65× | 0.29× | ||
| Q4 24 | 2.09× | 0.00× | ||
| Q3 24 | 1.85× | 0.17× | ||
| Q2 24 | 2.51× | 0.14× |
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% |
LBRDA
暂无分部数据
