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Antero Midstream Corp（AM）与MACOM Technology Solutions Holdings, Inc.（MTSI）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MACOM Technology Solutions Holdings, Inc.的1.1倍（$291.1M vs $271.6M），Antero Midstream Corp净利率更高（41.5% vs 18.0%，领先23.5%），MACOM Technology Solutions Holdings, Inc.同比增速更快（24.5% vs -7.3%），Antero Midstream Corp自由现金流更多（$186.9M vs $30.0M），过去两年MACOM Technology Solutions Holdings, Inc.的营收复合增速更高（22.4% 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。
MACOM是美国知名的射频、微波及毫米波半导体器件与组件研发生产商，总部位于马萨诸塞州洛厄尔，2005年曾是当地规模最大的私营雇主。公司已通过ISO9001国际质量体系认证及ISO14001环境管理体系认证，在北美、欧洲、亚洲及澳大利亚均设有设计中心与销售办事处。
AM vs MTSI — 直观对比
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $271.6M |
| 净利润 | $120.7M | $48.8M |
| 毛利率 | — | 55.9% |
| 营业利润率 | 60.9% | 15.9% |
| 净利率 | 41.5% | 18.0% |
| 营收同比 | -7.3% | 24.5% |
| 净利润同比 | 2.1% | 129.1% |
| 每股收益（稀释后） | $0.25 | $0.64 |
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
| Q1 26 | $291.1M | $271.6M | ||
| Q4 25 | $297.0M | $261.2M | ||
| Q3 25 | $294.8M | $252.1M | ||
| Q2 25 | $305.5M | $235.9M | ||
| Q1 25 | $291.1M | $218.1M | ||
| Q4 24 | $287.5M | — | ||
| Q3 24 | $269.9M | $200.7M | ||
| Q2 24 | $269.8M | $190.5M |
| Q1 26 | $120.7M | $48.8M | ||
| Q4 25 | $51.9M | $45.1M | ||
| Q3 25 | $116.0M | $36.5M | ||
| Q2 25 | $124.5M | $31.7M | ||
| Q1 25 | $120.7M | $-167.5M | ||
| Q4 24 | $111.2M | — | ||
| Q3 24 | $99.7M | $29.4M | ||
| Q2 24 | $86.0M | $19.9M |
| Q1 26 | — | 55.9% | ||
| Q4 25 | — | 54.5% | ||
| Q3 25 | — | 55.3% | ||
| Q2 25 | — | 55.2% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 54.7% | ||
| Q2 24 | — | 53.2% |
| Q1 26 | 60.9% | 15.9% | ||
| Q4 25 | 33.8% | 15.2% | ||
| Q3 25 | 61.2% | 14.9% | ||
| Q2 25 | 61.0% | 14.8% | ||
| Q1 25 | 60.9% | 8.0% | ||
| Q4 24 | 61.8% | — | ||
| Q3 24 | 60.2% | 13.7% | ||
| Q2 24 | 56.6% | 10.4% |
| Q1 26 | 41.5% | 18.0% | ||
| Q4 25 | 17.5% | 17.3% | ||
| Q3 25 | 39.3% | 14.5% | ||
| Q2 25 | 40.8% | 13.4% | ||
| Q1 25 | 41.5% | -76.8% | ||
| Q4 24 | 38.7% | — | ||
| Q3 24 | 37.0% | 14.7% | ||
| Q2 24 | 31.9% | 10.5% |
| Q1 26 | $0.25 | $0.64 | ||
| Q4 25 | $0.11 | $0.67 | ||
| Q3 25 | $0.24 | $0.48 | ||
| Q2 25 | $0.26 | $0.42 | ||
| Q1 25 | $0.25 | $-2.30 | ||
| Q4 24 | $0.23 | — | ||
| Q3 24 | $0.21 | $0.40 | ||
| Q2 24 | $0.18 | $0.27 |
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 | $768.5M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.0B | $1.4B |
| 总资产 | $5.9B | $2.1B |
| 负债/权益比越低杠杆越低 | 1.63× | — |
8季度趋势，按日历期对齐
| Q1 26 | $180.4M | $768.5M | ||
| Q4 25 | $180.4M | $786.0M | ||
| Q3 25 | — | $735.2M | ||
| Q2 25 | — | $681.5M | ||
| Q1 25 | — | $656.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $581.9M | ||
| Q2 24 | — | $521.5M |
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.1B | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — |
| Q1 26 | $2.0B | $1.4B | ||
| Q4 25 | $2.0B | $1.3B | ||
| Q3 25 | $2.1B | $1.3B | ||
| Q2 25 | $2.1B | $1.2B | ||
| Q1 25 | $2.1B | $1.2B | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.1B | $1.1B | ||
| Q2 24 | $2.1B | $1.1B |
| Q1 26 | $5.9B | $2.1B | ||
| Q4 25 | $5.9B | $2.1B | ||
| Q3 25 | $5.7B | $2.0B | ||
| Q2 25 | $5.7B | $1.9B | ||
| Q1 25 | $5.8B | $1.8B | ||
| Q4 24 | $5.8B | — | ||
| Q3 24 | $5.8B | $1.8B | ||
| Q2 24 | $5.8B | $1.7B |
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.46× | — | ||
| Q2 25 | 1.45× | — | ||
| 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 | $42.9M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | $30.0M |
| 自由现金流率自由现金流/营收 | 64.2% | 11.0% |
| 资本支出强度资本支出/营收 | 11.1% | 4.8% |
| 现金转化率经营现金流/净利润 | 1.65× | 0.88× |
| 过去12个月自由现金流最近4个季度 | — | $161.5M |
8季度趋势，按日历期对齐
| Q1 26 | $198.9M | $42.9M | ||
| Q4 25 | $255.5M | $69.6M | ||
| Q3 25 | $212.8M | $60.4M | ||
| Q2 25 | $265.2M | $38.7M | ||
| Q1 25 | $198.9M | $66.7M | ||
| Q4 24 | $232.7M | — | ||
| Q3 24 | $184.9M | $62.3M | ||
| Q2 24 | $215.8M | $49.0M |
| Q1 26 | $186.9M | $30.0M | ||
| Q4 25 | — | $49.4M | ||
| Q3 25 | — | $51.6M | ||
| Q2 25 | — | $30.5M | ||
| Q1 25 | — | $61.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | $184.3M | $57.1M | ||
| Q2 24 | $147.2M | $41.5M |
| Q1 26 | 64.2% | 11.0% | ||
| Q4 25 | — | 18.9% | ||
| Q3 25 | — | 20.5% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 28.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | 68.3% | 28.5% | ||
| Q2 24 | 54.6% | 21.8% |
| Q1 26 | 11.1% | 4.8% | ||
| Q4 25 | — | 7.7% | ||
| Q3 25 | — | 3.5% | ||
| Q2 25 | — | 3.5% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.2% | 2.6% | ||
| Q2 24 | 25.4% | 3.9% |
| Q1 26 | 1.65× | 0.88× | ||
| Q4 25 | 4.92× | 1.54× | ||
| Q3 25 | 1.84× | 1.65× | ||
| Q2 25 | 2.13× | 1.22× | ||
| Q1 25 | 1.65× | — | ||
| Q4 24 | 2.09× | — | ||
| Q3 24 | 1.85× | 2.12× | ||
| Q2 24 | 2.51× | 2.46× |
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% |
MTSI
| Industrial Defense | $117.7M | 43% |
| Data Center | $85.8M | 32% |
| Telecom | $68.1M | 25% |
