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Antero Midstream Corp（AM）与麦格劳希尔（MH）财务数据对比。点击上方公司名可切换其他公司
麦格劳希尔的季度营收约是Antero Midstream Corp的1.5倍（$434.2M vs $291.1M），Antero Midstream Corp净利率更高（41.5% vs -4.7%，领先46.1%），Antero Midstream Corp同比增速更快（-7.3% vs -35.1%）
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。
麦格劳希尔是美国知名教育科技企业，面向K12、高等教育及职业领域的师生提供多元教育内容、软件与服务。核心产品包含教材、数字学习工具及自适应技术，助力优化学习体验、提升学习效果，是与霍顿米夫林哈考特、培生教育齐名的全球三大教育出版商之一。
AM vs MH — 直观对比
营收规模更大
MH
是对方的1.5倍
$291.1M
营收增速更快
AM
高出27.8%
-35.1%
净利率更高
AM
高出46.1%
-4.7%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $434.2M |
| 净利润 | $120.7M | $-20.2M |
| 毛利率 | — | 85.3% |
| 营业利润率 | 60.9% | 7.0% |
| 净利率 | 41.5% | -4.7% |
| 营收同比 | -7.3% | -35.1% |
| 净利润同比 | 2.1% | -119.2% |
| 每股收益（稀释后） | $0.25 | $-0.11 |
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AMMH
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $434.2M | ||
| Q3 25 | $294.8M | $669.2M | ||
| Q2 25 | $305.5M | $535.7M | ||
| Q1 25 | $291.1M | — | ||
| Q4 24 | $287.5M | — | ||
| Q3 24 | $269.9M | — | ||
| Q2 24 | $269.8M | — |
净利润AMMH
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $-20.2M | ||
| Q3 25 | $116.0M | $105.3M | ||
| Q2 25 | $124.5M | $502.0K | ||
| Q1 25 | $120.7M | — | ||
| Q4 24 | $111.2M | — | ||
| Q3 24 | $99.7M | — | ||
| Q2 24 | $86.0M | — |
毛利率AMMH
| Q1 26 | — | — | ||
| Q4 25 | — | 85.3% | ||
| Q3 25 | — | 79.2% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率AMMH
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 7.0% | ||
| Q3 25 | 61.2% | 23.4% | ||
| Q2 25 | 61.0% | 18.0% | ||
| Q1 25 | 60.9% | — | ||
| Q4 24 | 61.8% | — | ||
| Q3 24 | 60.2% | — | ||
| Q2 24 | 56.6% | — |
净利率AMMH
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | -4.7% | ||
| Q3 25 | 39.3% | 15.7% | ||
| Q2 25 | 40.8% | 0.1% | ||
| Q1 25 | 41.5% | — | ||
| Q4 24 | 38.7% | — | ||
| Q3 24 | 37.0% | — | ||
| Q2 24 | 31.9% | — |
每股收益（稀释后）AMMH
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $-0.11 | ||
| Q3 25 | $0.24 | $0.57 | ||
| Q2 25 | $0.26 | $0.00 | ||
| Q1 25 | $0.25 | — | ||
| Q4 24 | $0.23 | — | ||
| Q3 24 | $0.21 | — | ||
| Q2 24 | $0.18 | — |
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 | $514.4M |
| 总债务越低越好 | $3.2B | $2.6B |
| 股东权益账面价值 | $2.0B | $775.3M |
| 总资产 | $5.9B | $5.6B |
| 负债/权益比越低杠杆越低 | 1.63× | 3.36× |
8季度趋势，按日历期对齐
现金及短期投资AMMH
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $514.4M | ||
| Q3 25 | — | $463.2M | ||
| Q2 25 | — | $247.3M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务AMMH
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $2.6B | ||
| Q3 25 | $3.0B | $2.8B | ||
| Q2 25 | $3.0B | $3.2B | ||
| Q1 25 | $3.1B | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — |
股东权益AMMH
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $775.3M | ||
| Q3 25 | $2.1B | $794.6M | ||
| Q2 25 | $2.1B | $283.3M | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.1B | — |
总资产AMMH
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $5.6B | ||
| Q3 25 | $5.7B | $6.0B | ||
| Q2 25 | $5.7B | $5.7B | ||
| Q1 25 | $5.8B | — | ||
| Q4 24 | $5.8B | — | ||
| Q3 24 | $5.8B | — | ||
| Q2 24 | $5.8B | — |
负债/权益比AMMH
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 3.36× | ||
| Q3 25 | 1.46× | 3.52× | ||
| Q2 25 | 1.45× | 11.17× | ||
| Q1 25 | 1.49× | — | ||
| Q4 24 | 1.47× | — | ||
| 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 | $309.0M |
| 自由现金流经营现金流 - 资本支出 | — | $285.4M |
| 自由现金流率自由现金流/营收 | — | 65.7% |
| 资本支出强度资本支出/营收 | 11.1% | 5.4% |
| 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AMMH
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $309.0M | ||
| Q3 25 | $212.8M | $265.0M | ||
| Q2 25 | $265.2M | $-96.7M | ||
| Q1 25 | $198.9M | — | ||
| Q4 24 | $232.7M | — | ||
| Q3 24 | $184.9M | — | ||
| Q2 24 | $215.8M | — |
自由现金流AMMH
| Q1 26 | — | — | ||
| Q4 25 | — | $285.4M | ||
| Q3 25 | — | $243.8M | ||
| Q2 25 | — | $-112.9M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $184.3M | — | ||
| Q2 24 | $147.2M | — |
自由现金流率AMMH
| Q1 26 | — | — | ||
| Q4 25 | — | 65.7% | ||
| Q3 25 | — | 36.4% | ||
| Q2 25 | — | -21.1% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 68.3% | — | ||
| Q2 24 | 54.6% | — |
资本支出强度AMMH
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 5.4% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 25.4% | — |
现金转化率AMMH
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | — | ||
| Q3 25 | 1.84× | 2.52× | ||
| Q2 25 | 2.13× | -192.53× | ||
| Q1 25 | 1.65× | — | ||
| Q4 24 | 2.09× | — | ||
| Q3 24 | 1.85× | — | ||
| 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% |
MH
| Higher Education | $225.4M | 52% |
| Digital | $103.5M | 24% |
| Other | $44.4M | 10% |
| Global Professional | $36.2M | 8% |
| $24.7M | 6% |
