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Antero Midstream Corp（AM）与Ingevity Corp（NGVT）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Ingevity Corp的1.6倍（$291.1M vs $185.4M），Antero Midstream Corp净利率更高（41.5% vs -45.6%，领先87.1%），Ingevity Corp同比增速更快（36.7% vs -7.3%），过去两年Antero Midstream Corp的营收复合增速更高（3.9% vs -26.2%）
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。
Ingevity Corp是一家全球特种化学品与先进材料生产商，主营高性能碳材料、路面养护解决方案及特种化工产品，服务汽车排放控制、工业净化、道路基建、农业投入品等核心市场，业务覆盖北美、欧洲及亚太地区。
AM vs NGVT — 直观对比
营收规模更大
AM
是对方的1.6倍
$185.4M
营收增速更快
NGVT
高出44.1%
-7.3%
净利率更高
AM
高出87.1%
-45.6%
两年增速更快
AM
近两年复合增速
-26.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $185.4M |
| 净利润 | $120.7M | $-84.6M |
| 毛利率 | — | 41.2% |
| 营业利润率 | 60.9% | -47.7% |
| 净利率 | 41.5% | -45.6% |
| 营收同比 | -7.3% | 36.7% |
| 净利润同比 | 2.1% | -609.6% |
| 每股收益（稀释后） | $0.25 | $-2.33 |
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AMNGVT
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $185.4M | ||
| Q3 25 | $294.8M | $333.1M | ||
| Q2 25 | $305.5M | $365.1M | ||
| Q1 25 | $291.1M | $284.0M | ||
| Q4 24 | $287.5M | $135.6M | ||
| Q3 24 | $269.9M | $333.8M | ||
| Q2 24 | $269.8M | $390.6M |
净利润AMNGVT
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $-84.6M | ||
| Q3 25 | $116.0M | $43.5M | ||
| Q2 25 | $124.5M | $-146.5M | ||
| Q1 25 | $120.7M | $20.5M | ||
| Q4 24 | $111.2M | $16.6M | ||
| Q3 24 | $99.7M | $-107.2M | ||
| Q2 24 | $86.0M | $-283.7M |
毛利率AMNGVT
| Q1 26 | — | — | ||
| Q4 25 | — | 41.2% | ||
| Q3 25 | — | 40.2% | ||
| Q2 25 | — | 37.8% | ||
| Q1 25 | — | 39.9% | ||
| Q4 24 | — | 81.3% | ||
| Q3 24 | — | 39.4% | ||
| Q2 24 | — | 31.5% |
营业利润率AMNGVT
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | -47.7% | ||
| Q3 25 | 61.2% | 18.7% | ||
| Q2 25 | 61.0% | -39.1% | ||
| Q1 25 | 60.9% | 9.4% | ||
| Q4 24 | 61.8% | — | ||
| Q3 24 | 60.2% | 33.0% | ||
| Q2 24 | 56.6% | 25.9% |
净利率AMNGVT
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | -45.6% | ||
| Q3 25 | 39.3% | 13.1% | ||
| Q2 25 | 40.8% | -40.1% | ||
| Q1 25 | 41.5% | 7.2% | ||
| Q4 24 | 38.7% | 12.2% | ||
| Q3 24 | 37.0% | -32.1% | ||
| Q2 24 | 31.9% | -72.6% |
每股收益（稀释后）AMNGVT
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $-2.33 | ||
| Q3 25 | $0.24 | $1.18 | ||
| Q2 25 | $0.26 | $-4.02 | ||
| Q1 25 | $0.25 | $0.56 | ||
| Q4 24 | $0.23 | $0.44 | ||
| Q3 24 | $0.21 | $-2.94 | ||
| Q2 24 | $0.18 | $-7.81 |
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 | $78.1M |
| 总债务越低越好 | $3.2B | $1.2B |
| 股东权益账面价值 | $2.0B | $29.7M |
| 总资产 | $5.9B | $1.7B |
| 负债/权益比越低杠杆越低 | 1.63× | 39.10× |
8季度趋势，按日历期对齐
现金及短期投资AMNGVT
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $78.1M | ||
| Q3 25 | — | $83.4M | ||
| Q2 25 | — | $76.9M | ||
| Q1 25 | — | $71.5M | ||
| Q4 24 | — | $68.0M | ||
| Q3 24 | — | $135.5M | ||
| Q2 24 | — | $107.4M |
总债务AMNGVT
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $1.2B | ||
| Q3 25 | $3.0B | $1.2B | ||
| Q2 25 | $3.0B | $1.2B | ||
| Q1 25 | $3.1B | $1.3B | ||
| Q4 24 | $3.1B | $1.3B | ||
| Q3 24 | $3.2B | $1.4B | ||
| Q2 24 | $3.2B | $1.4B |
股东权益AMNGVT
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $29.7M | ||
| Q3 25 | $2.1B | $138.1M | ||
| Q2 25 | $2.1B | $120.7M | ||
| Q1 25 | $2.1B | $234.6M | ||
| Q4 24 | $2.1B | $195.2M | ||
| Q3 24 | $2.1B | $214.5M | ||
| Q2 24 | $2.1B | $284.8M |
总资产AMNGVT
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $1.7B | ||
| Q3 25 | $5.7B | $1.8B | ||
| Q2 25 | $5.7B | $1.9B | ||
| Q1 25 | $5.8B | $2.1B | ||
| Q4 24 | $5.8B | $2.0B | ||
| Q3 24 | $5.8B | $2.2B | ||
| Q2 24 | $5.8B | $2.3B |
负债/权益比AMNGVT
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 39.10× | ||
| Q3 25 | 1.46× | 8.39× | ||
| Q2 25 | 1.45× | 10.24× | ||
| Q1 25 | 1.49× | 5.68× | ||
| Q4 24 | 1.47× | 6.86× | ||
| Q3 24 | 1.49× | 6.52× | ||
| Q2 24 | 1.50× | 4.92× |
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 | $97.1M |
| 自由现金流经营现金流 - 资本支出 | — | $73.5M |
| 自由现金流率自由现金流/营收 | — | 39.6% |
| 资本支出强度资本支出/营收 | 11.1% | 12.7% |
| 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 | — | $273.5M |
8季度趋势，按日历期对齐
经营现金流AMNGVT
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $97.1M | ||
| Q3 25 | $212.8M | $129.7M | ||
| Q2 25 | $265.2M | $79.0M | ||
| Q1 25 | $198.9M | $25.4M | ||
| Q4 24 | $232.7M | $64.5M | ||
| Q3 24 | $184.9M | $46.5M | ||
| Q2 24 | $215.8M | $29.7M |
自由现金流AMNGVT
| Q1 26 | — | — | ||
| Q4 25 | — | $73.5M | ||
| Q3 25 | — | $117.8M | ||
| Q2 25 | — | $66.8M | ||
| Q1 25 | — | $15.4M | ||
| Q4 24 | — | $39.6M | ||
| Q3 24 | $184.3M | $28.5M | ||
| Q2 24 | $147.2M | $11.6M |
自由现金流率AMNGVT
| Q1 26 | — | — | ||
| Q4 25 | — | 39.6% | ||
| Q3 25 | — | 35.4% | ||
| Q2 25 | — | 18.3% | ||
| Q1 25 | — | 5.4% | ||
| Q4 24 | — | 29.2% | ||
| Q3 24 | 68.3% | 8.5% | ||
| Q2 24 | 54.6% | 3.0% |
资本支出强度AMNGVT
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 12.7% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 3.5% | ||
| Q4 24 | 0.0% | 18.4% | ||
| Q3 24 | 0.2% | 5.4% | ||
| Q2 24 | 25.4% | 4.6% |
现金转化率AMNGVT
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | — | ||
| Q3 25 | 1.84× | 2.98× | ||
| Q2 25 | 2.13× | — | ||
| Q1 25 | 1.65× | 1.24× | ||
| Q4 24 | 2.09× | 3.89× | ||
| 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% |
NGVT
| Performance Materials | $151.2M | 82% |
| Advanced Polymer Technologies Segment | $36.5M | 20% |
