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Antero Midstream Corp（AM）与MEDICAL PROPERTIES TRUST INC（MPW）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MEDICAL PROPERTIES TRUST INC的1.1倍（$291.1M vs $270.3M），Antero Midstream Corp净利率更高（41.5% vs 6.5%，领先35.0%），MEDICAL PROPERTIES TRUST INC同比增速更快（16.6% vs -7.3%），过去两年Antero Midstream Corp的营收复合增速更高（3.9% vs -0.2%）
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。
Medical Properties Trust, Inc.（MPT）是一家总部位于美国阿拉巴马州伯明翰的跨国房地产投资信托基金（REIT），主要在美欧地区收购、投资医疗保健设施与营利性医疗控股公司，资产收购多采用售后回租模式，原业主出售资产后成为其租户，租户通常需签署长期三净租赁协议。
AM vs MPW — 直观对比
营收规模更大
AM
是对方的1.1倍
$270.3M
营收增速更快
MPW
高出24.0%
-7.3%
净利率更高
AM
高出35.0%
6.5%
两年增速更快
AM
近两年复合增速
-0.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $270.3M |
| 净利润 | $120.7M | $17.6M |
| 毛利率 | — | 95.8% |
| 营业利润率 | 60.9% | 9.7% |
| 净利率 | 41.5% | 6.5% |
| 营收同比 | -7.3% | 16.6% |
| 净利润同比 | 2.1% | 104.3% |
| 每股收益（稀释后） | $0.25 | $0.03 |
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AMMPW
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $270.3M | ||
| Q3 25 | $294.8M | $237.5M | ||
| Q2 25 | $305.5M | $240.4M | ||
| Q1 25 | $291.1M | $223.8M | ||
| Q4 24 | $287.5M | $231.8M | ||
| Q3 24 | $269.9M | $225.8M | ||
| Q2 24 | $269.8M | $266.6M |
净利润AMMPW
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $17.6M | ||
| Q3 25 | $116.0M | $-77.7M | ||
| Q2 25 | $124.5M | $-98.4M | ||
| Q1 25 | $120.7M | $-118.3M | ||
| Q4 24 | $111.2M | $-412.3M | ||
| Q3 24 | $99.7M | $-801.2M | ||
| Q2 24 | $86.0M | $-320.6M |
毛利率AMMPW
| Q1 26 | — | — | ||
| Q4 25 | — | 95.8% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 91.8% | ||
| Q1 25 | — | 63.6% | ||
| Q4 24 | — | 90.9% | ||
| Q3 24 | — | 96.5% | ||
| Q2 24 | — | 98.4% |
营业利润率AMMPW
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 9.7% | ||
| Q3 25 | 61.2% | -28.0% | ||
| Q2 25 | 61.0% | -36.7% | ||
| Q1 25 | 60.9% | -48.5% | ||
| Q4 24 | 61.8% | -173.7% | ||
| Q3 24 | 60.2% | -350.7% | ||
| Q2 24 | 56.6% | -114.5% |
净利率AMMPW
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | 6.5% | ||
| Q3 25 | 39.3% | -32.7% | ||
| Q2 25 | 40.8% | -40.9% | ||
| Q1 25 | 41.5% | -52.8% | ||
| Q4 24 | 38.7% | -177.8% | ||
| Q3 24 | 37.0% | -354.8% | ||
| Q2 24 | 31.9% | -120.3% |
每股收益（稀释后）AMMPW
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $0.03 | ||
| Q3 25 | $0.24 | $-0.13 | ||
| Q2 25 | $0.26 | $-0.16 | ||
| Q1 25 | $0.25 | $-0.20 | ||
| Q4 24 | $0.23 | $-0.68 | ||
| Q3 24 | $0.21 | $-1.34 | ||
| Q2 24 | $0.18 | $-0.54 |
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 | $540.9M |
| 总债务越低越好 | $3.2B | $9.7B |
| 股东权益账面价值 | $2.0B | $4.6B |
| 总资产 | $5.9B | $15.0B |
| 负债/权益比越低杠杆越低 | 1.63× | 2.11× |
8季度趋势，按日历期对齐
现金及短期投资AMMPW
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $540.9M | ||
| Q3 25 | — | $396.6M | ||
| Q2 25 | — | $509.8M | ||
| Q1 25 | — | $673.5M | ||
| Q4 24 | — | $332.3M | ||
| Q3 24 | — | $275.6M | ||
| Q2 24 | — | $606.5M |
总债务AMMPW
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $9.7B | ||
| Q3 25 | $3.0B | $9.6B | ||
| Q2 25 | $3.0B | $9.6B | ||
| Q1 25 | $3.1B | $9.5B | ||
| Q4 24 | $3.1B | $8.8B | ||
| Q3 24 | $3.2B | $9.2B | ||
| Q2 24 | $3.2B | $9.4B |
股东权益AMMPW
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $4.6B | ||
| Q3 25 | $2.1B | $4.7B | ||
| Q2 25 | $2.1B | $4.8B | ||
| Q1 25 | $2.1B | $4.8B | ||
| Q4 24 | $2.1B | $4.8B | ||
| Q3 24 | $2.1B | $5.4B | ||
| Q2 24 | $2.1B | $6.2B |
总资产AMMPW
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $15.0B | ||
| Q3 25 | $5.7B | $14.9B | ||
| Q2 25 | $5.7B | $15.2B | ||
| Q1 25 | $5.8B | $14.9B | ||
| Q4 24 | $5.8B | $14.3B | ||
| Q3 24 | $5.8B | $15.2B | ||
| Q2 24 | $5.8B | $16.2B |
负债/权益比AMMPW
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 2.11× | ||
| Q3 25 | 1.46× | 2.06× | ||
| Q2 25 | 1.45× | 2.00× | ||
| Q1 25 | 1.49× | 1.99× | ||
| Q4 24 | 1.47× | 1.83× | ||
| Q3 24 | 1.49× | 1.69× | ||
| Q2 24 | 1.50× | 1.51× |
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 | $230.8M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | — |
| 自由现金流率自由现金流/营收 | 64.2% | — |
| 资本支出强度资本支出/营收 | 11.1% | — |
| 现金转化率经营现金流/净利润 | 1.65× | 13.11× |
| 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AMMPW
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $230.8M | ||
| Q3 25 | $212.8M | $18.6M | ||
| Q2 25 | $265.2M | $51.7M | ||
| Q1 25 | $198.9M | $384.0K | ||
| Q4 24 | $232.7M | $245.5M | ||
| Q3 24 | $184.9M | $59.2M | ||
| Q2 24 | $215.8M | $35.3M |
自由现金流AMMPW
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $184.3M | — | ||
| Q2 24 | $147.2M | — |
自由现金流率AMMPW
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 68.3% | — | ||
| Q2 24 | 54.6% | — |
资本支出强度AMMPW
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 25.4% | — |
现金转化率AMMPW
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 13.11× | ||
| Q3 25 | 1.84× | — | ||
| Q2 25 | 2.13× | — | ||
| 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% |
MPW
暂无分部数据
