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Antero Midstream Corp（AM）与LOUISIANA-PACIFIC CORP（LPX）财务数据对比。点击上方公司名可切换其他公司
LOUISIANA-PACIFIC CORP的季度营收约是Antero Midstream Corp的1.9倍（$566.0M vs $297.0M），Antero Midstream Corp净利率更高（17.5% vs -1.4%，领先18.9%），Antero Midstream Corp同比增速更快（3.3% vs -16.9%），过去两年Antero Midstream Corp的营收复合增速更高（3.2% vs -11.6%）
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。
路易斯安那-太平洋公司（简称LP）是美国知名建材制造商，成立于1973年，是美国定向结构刨花板（OSB）生产的开创者，总部现位于田纳西州纳什维尔。作为全球最大的OSB生产商，公司还生产工程木建材产品，通过建材分销商、经销商及家居零售中心向建筑商和业主供货。
AM vs LPX — 直观对比
营收规模更大
LPX
是对方的1.9倍
$297.0M
营收增速更快
AM
高出20.2%
-16.9%
净利率更高
AM
高出18.9%
-1.4%
两年增速更快
AM
近两年复合增速
-11.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $297.0M | $566.0M |
| 净利润 | $51.9M | $-8.0M |
| 毛利率 | — | 15.0% |
| 营业利润率 | 33.8% | -1.6% |
| 净利率 | 17.5% | -1.4% |
| 营收同比 | 3.3% | -16.9% |
| 净利润同比 | -53.3% | -112.9% |
| 每股收益（稀释后） | $0.11 | $-0.12 |
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AMLPX
| Q4 25 | $297.0M | $566.0M | ||
| Q3 25 | $294.8M | $663.0M | ||
| Q2 25 | $305.5M | $755.0M | ||
| Q1 25 | $291.1M | $724.0M | ||
| Q4 24 | $287.5M | $681.0M | ||
| Q3 24 | $269.9M | $722.0M | ||
| Q2 24 | $269.8M | $814.0M | ||
| Q1 24 | $279.1M | $724.0M |
净利润AMLPX
| Q4 25 | $51.9M | $-8.0M | ||
| Q3 25 | $116.0M | $9.0M | ||
| Q2 25 | $124.5M | $54.0M | ||
| Q1 25 | $120.7M | $91.0M | ||
| Q4 24 | $111.2M | $62.0M | ||
| Q3 24 | $99.7M | $90.0M | ||
| Q2 24 | $86.0M | $160.0M | ||
| Q1 24 | $103.9M | $108.0M |
毛利率AMLPX
| Q4 25 | — | 15.0% | ||
| Q3 25 | — | 19.5% | ||
| Q2 25 | — | 23.6% | ||
| Q1 25 | — | 27.2% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | — | 26.7% | ||
| Q2 24 | — | 32.3% | ||
| Q1 24 | — | 29.6% |
营业利润率AMLPX
| Q4 25 | 33.8% | -1.6% | ||
| Q3 25 | 61.2% | 2.7% | ||
| Q2 25 | 61.0% | 10.6% | ||
| Q1 25 | 60.9% | 16.6% | ||
| Q4 24 | 61.8% | 11.0% | ||
| Q3 24 | 60.2% | 16.1% | ||
| Q2 24 | 56.6% | 23.8% | ||
| Q1 24 | 59.6% | 20.0% |
净利率AMLPX
| Q4 25 | 17.5% | -1.4% | ||
| Q3 25 | 39.3% | 1.4% | ||
| Q2 25 | 40.8% | 7.2% | ||
| Q1 25 | 41.5% | 12.6% | ||
| Q4 24 | 38.7% | 9.1% | ||
| Q3 24 | 37.0% | 12.5% | ||
| Q2 24 | 31.9% | 19.7% | ||
| Q1 24 | 37.2% | 14.9% |
每股收益（稀释后）AMLPX
| Q4 25 | $0.11 | $-0.12 | ||
| Q3 25 | $0.24 | $0.13 | ||
| Q2 25 | $0.26 | $0.77 | ||
| Q1 25 | $0.25 | $1.30 | ||
| Q4 24 | $0.23 | $0.90 | ||
| Q3 24 | $0.21 | $1.28 | ||
| Q2 24 | $0.18 | $2.23 | ||
| Q1 24 | $0.21 | $1.48 |
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 | $292.0M |
| 总债务越低越好 | $3.2B | $348.0M |
| 股东权益账面价值 | $2.0B | $1.7B |
| 总资产 | $5.9B | $2.6B |
| 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AMLPX
| Q4 25 | $180.4M | $292.0M | ||
| Q3 25 | — | $316.0M | ||
| Q2 25 | — | $333.0M | ||
| Q1 25 | — | $256.0M | ||
| Q4 24 | — | $340.0M | ||
| Q3 24 | — | $346.0M | ||
| Q2 24 | — | $317.0M | ||
| Q1 24 | $26.1M | $244.0M |
总债务AMLPX
| Q4 25 | $3.2B | $348.0M | ||
| Q3 25 | $3.0B | $348.0M | ||
| Q2 25 | $3.0B | $348.0M | ||
| Q1 25 | $3.1B | $348.0M | ||
| Q4 24 | $3.1B | $348.0M | ||
| Q3 24 | $3.2B | $347.0M | ||
| Q2 24 | $3.2B | $347.0M | ||
| Q1 24 | $3.2B | $347.0M |
股东权益AMLPX
| Q4 25 | $2.0B | $1.7B | ||
| Q3 25 | $2.1B | $1.7B | ||
| Q2 25 | $2.1B | $1.7B | ||
| Q1 25 | $2.1B | $1.7B | ||
| Q4 24 | $2.1B | $1.7B | ||
| Q3 24 | $2.1B | $1.7B | ||
| Q2 24 | $2.1B | $1.7B | ||
| Q1 24 | $2.2B | $1.6B |
总资产AMLPX
| Q4 25 | $5.9B | $2.6B | ||
| Q3 25 | $5.7B | $2.6B | ||
| Q2 25 | $5.7B | $2.7B | ||
| Q1 25 | $5.8B | $2.6B | ||
| Q4 24 | $5.8B | $2.6B | ||
| Q3 24 | $5.8B | $2.6B | ||
| Q2 24 | $5.8B | $2.5B | ||
| Q1 24 | $5.7B | $2.5B |
负债/权益比AMLPX
| Q4 25 | 1.63× | 0.20× | ||
| Q3 25 | 1.46× | 0.20× | ||
| Q2 25 | 1.45× | 0.20× | ||
| Q1 25 | 1.49× | 0.21× | ||
| Q4 24 | 1.47× | 0.21× | ||
| Q3 24 | 1.49× | 0.21× | ||
| Q2 24 | 1.50× | 0.21× | ||
| Q1 24 | 1.48× | 0.21× |
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 | $67.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-8.0M |
| 自由现金流率自由现金流/营收 | — | -1.4% |
| 资本支出强度资本支出/营收 | — | 13.3% |
| 现金转化率经营现金流/净利润 | 4.92× | — |
| 过去12个月自由现金流最近4个季度 | — | $91.0M |
8季度趋势，按日历期对齐
经营现金流AMLPX
| Q4 25 | $255.5M | $67.0M | ||
| Q3 25 | $212.8M | $89.0M | ||
| Q2 25 | $265.2M | $162.0M | ||
| Q1 25 | $198.9M | $64.0M | ||
| Q4 24 | $232.7M | $105.0M | ||
| Q3 24 | $184.9M | $183.0M | ||
| Q2 24 | $215.8M | $212.0M | ||
| Q1 24 | $210.6M | $105.0M |
自由现金流AMLPX
| Q4 25 | — | $-8.0M | ||
| Q3 25 | — | $5.0M | ||
| Q2 25 | — | $94.0M | ||
| Q1 25 | — | $0 | ||
| Q4 24 | — | $43.0M | ||
| Q3 24 | $184.3M | $139.0M | ||
| Q2 24 | $147.2M | $176.0M | ||
| Q1 24 | $208.5M | $64.0M |
自由现金流率AMLPX
| Q4 25 | — | -1.4% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 12.5% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 6.3% | ||
| Q3 24 | 68.3% | 19.3% | ||
| Q2 24 | 54.6% | 21.6% | ||
| Q1 24 | 74.7% | 8.8% |
资本支出强度AMLPX
| Q4 25 | — | 13.3% | ||
| Q3 25 | — | 12.7% | ||
| Q2 25 | — | 9.0% | ||
| Q1 25 | — | 8.8% | ||
| Q4 24 | 0.0% | 9.1% | ||
| Q3 24 | 0.2% | 6.1% | ||
| Q2 24 | 25.4% | 4.4% | ||
| Q1 24 | 0.7% | 5.7% |
现金转化率AMLPX
| Q4 25 | 4.92× | — | ||
| Q3 25 | 1.84× | 9.89× | ||
| Q2 25 | 2.13× | 3.00× | ||
| Q1 25 | 1.65× | 0.70× | ||
| Q4 24 | 2.09× | 1.69× | ||
| Q3 24 | 1.85× | 2.03× | ||
| Q2 24 | 2.51× | 1.32× | ||
| Q1 24 | 2.03× | 0.97× |
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% |
LPX
| OS Bvalueadd | $472.0M | 83% |
| Other | $84.0M | 15% |
| Otherproducts | $10.0M | 2% |
