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Antero Midstream Corp（AM）与百胜餐饮集团（LCUT）财务数据对比。点击上方公司名可切换其他公司
Antero Midstream Corp的季度营收约是百胜餐饮集团的1.4倍（$291.1M vs $204.1M），Antero Midstream Corp净利率更高（41.5% vs 8.9%，领先32.6%），百胜餐饮集团同比增速更快（-5.2% vs -7.3%），Antero Midstream Corp自由现金流更多（$186.9M vs $2.6M），过去两年百胜餐饮集团的营收复合增速更高（19.8% 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。
百胜餐饮集团是美国跨国快餐企业，1977年百事可乐收购肯德基、必胜客、塔可Bell后将其整合为旗下子公司，1997年百事剥离该业务板块后正式独立为百胜集团。集团目前运营肯德基、必胜客、塔可Bell、哈比特汉堡等多个餐饮品牌，同时布局相关餐饮科技业务，门店网络遍布全球多个国家和地区。
AM vs LCUT — 直观对比
营收规模更大
AM
是对方的1.4倍
$204.1M
营收增速更快
LCUT
高出2.2%
-7.3%
净利率更高
AM
高出32.6%
8.9%
自由现金流更多
AM
多$184.3M
$2.6M
两年增速更快
LCUT
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $204.1M |
| 净利润 | $120.7M | $18.2M |
| 毛利率 | — | 38.6% |
| 营业利润率 | 60.9% | 9.8% |
| 净利率 | 41.5% | 8.9% |
| 营收同比 | -7.3% | -5.2% |
| 净利润同比 | 2.1% | 103.5% |
| 每股收益（稀释后） | $0.25 | $0.83 |
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AMLCUT
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $204.1M | ||
| Q3 25 | $294.8M | $171.9M | ||
| Q2 25 | $305.5M | $131.9M | ||
| Q1 25 | $291.1M | $140.1M | ||
| Q4 24 | $287.5M | $215.2M | ||
| Q3 24 | $269.9M | $183.8M | ||
| Q2 24 | $269.8M | $141.7M |
净利润AMLCUT
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $18.2M | ||
| Q3 25 | $116.0M | $-1.2M | ||
| Q2 25 | $124.5M | $-39.7M | ||
| Q1 25 | $120.7M | $-4.2M | ||
| Q4 24 | $111.2M | $8.9M | ||
| Q3 24 | $99.7M | $344.0K | ||
| Q2 24 | $86.0M | $-18.2M |
毛利率AMLCUT
| Q1 26 | — | — | ||
| Q4 25 | — | 38.6% | ||
| Q3 25 | — | 35.1% | ||
| Q2 25 | — | 38.6% | ||
| Q1 25 | — | 36.1% | ||
| Q4 24 | — | 37.7% | ||
| Q3 24 | — | 36.7% | ||
| Q2 24 | — | 38.5% |
营业利润率AMLCUT
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 9.8% | ||
| Q3 25 | 61.2% | 3.9% | ||
| Q2 25 | 61.0% | -28.2% | ||
| Q1 25 | 60.9% | 0.8% | ||
| Q4 24 | 61.8% | 7.2% | ||
| Q3 24 | 60.2% | 4.7% | ||
| Q2 24 | 56.6% | 0.8% |
净利率AMLCUT
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | 8.9% | ||
| Q3 25 | 39.3% | -0.7% | ||
| Q2 25 | 40.8% | -30.1% | ||
| Q1 25 | 41.5% | -3.0% | ||
| Q4 24 | 38.7% | 4.1% | ||
| Q3 24 | 37.0% | 0.2% | ||
| Q2 24 | 31.9% | -12.8% |
每股收益（稀释后）AMLCUT
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $0.83 | ||
| Q3 25 | $0.24 | $-0.05 | ||
| Q2 25 | $0.26 | $-1.83 | ||
| Q1 25 | $0.25 | $-0.19 | ||
| Q4 24 | $0.23 | $0.41 | ||
| Q3 24 | $0.21 | $0.02 | ||
| Q2 24 | $0.18 | $-0.85 |
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 | $4.3M |
| 总债务越低越好 | $3.2B | $135.0M |
| 股东权益账面价值 | $2.0B | $202.3M |
| 总资产 | $5.9B | $572.6M |
| 负债/权益比越低杠杆越低 | 1.63× | 0.67× |
8季度趋势，按日历期对齐
现金及短期投资AMLCUT
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $4.3M | ||
| Q3 25 | — | $12.1M | ||
| Q2 25 | — | $12.0M | ||
| Q1 25 | — | $10.4M | ||
| Q4 24 | — | $2.9M | ||
| Q3 24 | — | $6.0M | ||
| Q2 24 | — | $3.4M |
总债务AMLCUT
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $135.0M | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.1B | — | ||
| Q4 24 | $3.1B | $142.5M | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — |
股东权益AMLCUT
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $202.3M | ||
| Q3 25 | $2.1B | $184.6M | ||
| Q2 25 | $2.1B | $185.8M | ||
| Q1 25 | $2.1B | $225.7M | ||
| Q4 24 | $2.1B | $229.9M | ||
| Q3 24 | $2.1B | $220.9M | ||
| Q2 24 | $2.1B | $219.8M |
总资产AMLCUT
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $572.6M | ||
| Q3 25 | $5.7B | $581.1M | ||
| Q2 25 | $5.7B | $551.9M | ||
| Q1 25 | $5.8B | $594.6M | ||
| Q4 24 | $5.8B | $634.3M | ||
| Q3 24 | $5.8B | $668.7M | ||
| Q2 24 | $5.8B | $617.0M |
负债/权益比AMLCUT
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 0.67× | ||
| Q3 25 | 1.46× | — | ||
| Q2 25 | 1.45× | — | ||
| Q1 25 | 1.49× | — | ||
| Q4 24 | 1.47× | 0.62× | ||
| 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 | $3.7M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | $2.6M |
| 自由现金流率自由现金流/营收 | 64.2% | 1.3% |
| 资本支出强度资本支出/营收 | 11.1% | 0.6% |
| 现金转化率经营现金流/净利润 | 1.65× | 0.21× |
| 过去12个月自由现金流最近4个季度 | — | $3.3M |
8季度趋势，按日历期对齐
经营现金流AMLCUT
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $3.7M | ||
| Q3 25 | $212.8M | $-22.2M | ||
| Q2 25 | $265.2M | $9.3M | ||
| Q1 25 | $198.9M | $16.7M | ||
| Q4 24 | $232.7M | $20.3M | ||
| Q3 24 | $184.9M | $-22.7M | ||
| Q2 24 | $215.8M | $10.4M |
自由现金流AMLCUT
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $2.6M | ||
| Q3 25 | — | $-22.7M | ||
| Q2 25 | — | $8.2M | ||
| Q1 25 | — | $15.1M | ||
| Q4 24 | — | $19.7M | ||
| Q3 24 | $184.3M | $-23.2M | ||
| Q2 24 | $147.2M | $9.9M |
自由现金流率AMLCUT
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | 1.3% | ||
| Q3 25 | — | -13.2% | ||
| Q2 25 | — | 6.2% | ||
| Q1 25 | — | 10.8% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | 68.3% | -12.6% | ||
| Q2 24 | 54.6% | 7.0% |
资本支出强度AMLCUT
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | 0.0% | 0.3% | ||
| Q3 24 | 0.2% | 0.3% | ||
| Q2 24 | 25.4% | 0.4% |
现金转化率AMLCUT
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 0.21× | ||
| Q3 25 | 1.84× | — | ||
| Q2 25 | 2.13× | — | ||
| Q1 25 | 1.65× | — | ||
| Q4 24 | 2.09× | 2.28× | ||
| Q3 24 | 1.85× | -65.89× | ||
| Q2 24 | 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% |
LCUT
| Kitchenware | $114.3M | 56% |
| Tableware | $41.7M | 20% |
| Home Solutions | $29.4M | 14% |
| Other | $18.8M | 9% |
