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Antero Midstream Corp（AM）与National Storage Affiliates Trust（NSA）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National Storage Affiliates Trust的1.6倍（$297.0M vs $187.0M），Antero Midstream Corp净利率更高（17.5% vs 12.2%，领先5.2%），Antero Midstream Corp同比增速更快（3.3% vs -1.6%），过去两年Antero Midstream Corp的营收复合增速更高（3.2% vs -2.4%）
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。
National Storage Affiliates Trust是一家总部位于美国的房地产投资信托，专注于自助仓储资产，在美国数十个州持有、运营及收购自助仓储设施，为居民和商业客户提供安全的存储服务。
AM vs NSA — 直观对比
营收规模更大
AM
是对方的1.6倍
$187.0M
营收增速更快
AM
高出4.9%
-1.6%
净利率更高
AM
高出5.2%
12.2%
两年增速更快
AM
近两年复合增速
-2.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $297.0M | $187.0M |
| 净利润 | $51.9M | $22.9M |
| 毛利率 | — | 72.5% |
| 营业利润率 | 33.8% | 20.2% |
| 净利率 | 17.5% | 12.2% |
| 营收同比 | 3.3% | -1.6% |
| 净利润同比 | -53.3% | 36.8% |
| 每股收益（稀释后） | $0.11 | $0.23 |
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AMNSA
| Q4 25 | $297.0M | $187.0M | ||
| Q3 25 | $294.8M | $188.7M | ||
| Q2 25 | $305.5M | $188.8M | ||
| Q1 25 | $291.1M | $188.4M | ||
| Q4 24 | $287.5M | $190.1M | ||
| Q3 24 | $269.9M | $193.6M | ||
| Q2 24 | $269.8M | $190.4M | ||
| Q1 24 | $279.1M | $196.1M |
净利润AMNSA
| Q4 25 | $51.9M | $22.9M | ||
| Q3 25 | $116.0M | $18.4M | ||
| Q2 25 | $124.5M | $19.5M | ||
| Q1 25 | $120.7M | $13.0M | ||
| Q4 24 | $111.2M | $16.7M | ||
| Q3 24 | $99.7M | $18.7M | ||
| Q2 24 | $86.0M | $17.1M | ||
| Q1 24 | $103.9M | $59.0M |
毛利率AMNSA
| Q4 25 | — | 72.5% | ||
| Q3 25 | — | 70.7% | ||
| Q2 25 | — | 70.5% | ||
| Q1 25 | — | 70.7% | ||
| Q4 24 | — | 72.5% | ||
| Q3 24 | — | 72.8% | ||
| Q2 24 | — | 72.6% | ||
| Q1 24 | — | 72.1% |
营业利润率AMNSA
| Q4 25 | 33.8% | 20.2% | ||
| Q3 25 | 61.2% | 15.8% | ||
| Q2 25 | 61.0% | 16.5% | ||
| Q1 25 | 60.9% | 11.0% | ||
| Q4 24 | 61.8% | 14.5% | ||
| Q3 24 | 60.2% | 15.8% | ||
| Q2 24 | 56.6% | 17.2% | ||
| Q1 24 | 59.6% | 48.9% |
净利率AMNSA
| Q4 25 | 17.5% | 12.2% | ||
| Q3 25 | 39.3% | 9.8% | ||
| Q2 25 | 40.8% | 10.3% | ||
| Q1 25 | 41.5% | 6.9% | ||
| Q4 24 | 38.7% | 8.8% | ||
| Q3 24 | 37.0% | 9.7% | ||
| Q2 24 | 31.9% | 9.0% | ||
| Q1 24 | 37.2% | 30.1% |
每股收益（稀释后）AMNSA
| Q4 25 | $0.11 | $0.23 | ||
| Q3 25 | $0.24 | $0.17 | ||
| Q2 25 | $0.26 | $0.19 | ||
| Q1 25 | $0.25 | $0.10 | ||
| Q4 24 | $0.23 | $0.19 | ||
| Q3 24 | $0.21 | $0.18 | ||
| Q2 24 | $0.18 | $0.16 | ||
| Q1 24 | $0.21 | $0.65 |
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 | $23.3M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.0B | $946.0M |
| 总资产 | $5.9B | $5.1B |
| 负债/权益比越低杠杆越低 | 1.63× | — |
8季度趋势，按日历期对齐
现金及短期投资AMNSA
| Q4 25 | $180.4M | $23.3M | ||
| Q3 25 | — | $26.3M | ||
| Q2 25 | — | $26.1M | ||
| Q1 25 | — | $19.3M | ||
| Q4 24 | — | $50.4M | ||
| Q3 24 | — | $69.9M | ||
| Q2 24 | — | $59.0M | ||
| Q1 24 | $26.1M | $64.2M |
总债务AMNSA
| 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 24 | $3.2B | — |
股东权益AMNSA
| Q4 25 | $2.0B | $946.0M | ||
| Q3 25 | $2.1B | $973.1M | ||
| Q2 25 | $2.1B | $1.0B | ||
| Q1 25 | $2.1B | $1.0B | ||
| Q4 24 | $2.1B | $1.1B | ||
| Q3 24 | $2.1B | $986.9M | ||
| Q2 24 | $2.1B | $1.2B | ||
| Q1 24 | $2.2B | $1.3B |
总资产AMNSA
| Q4 25 | $5.9B | $5.1B | ||
| Q3 25 | $5.7B | $5.1B | ||
| Q2 25 | $5.7B | $5.2B | ||
| Q1 25 | $5.8B | $5.3B | ||
| Q4 24 | $5.8B | $5.4B | ||
| Q3 24 | $5.8B | $5.4B | ||
| Q2 24 | $5.8B | $5.3B | ||
| Q1 24 | $5.7B | $5.4B |
负债/权益比AMNSA
| 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× | — | ||
| Q1 24 | 1.48× | — |
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 | $338.5M |
| 自由现金流经营现金流 - 资本支出 | — | $299.8M |
| 自由现金流率自由现金流/营收 | — | 160.3% |
| 资本支出强度资本支出/营收 | — | 20.7% |
| 现金转化率经营现金流/净利润 | 4.92× | 14.79× |
| 过去12个月自由现金流最近4个季度 | — | $541.5M |
8季度趋势，按日历期对齐
经营现金流AMNSA
| Q4 25 | $255.5M | $338.5M | ||
| Q3 25 | $212.8M | $100.2M | ||
| Q2 25 | $265.2M | $79.9M | ||
| Q1 25 | $198.9M | $85.6M | ||
| Q4 24 | $232.7M | $363.1M | ||
| Q3 24 | $184.9M | $105.7M | ||
| Q2 24 | $215.8M | $83.2M | ||
| Q1 24 | $210.6M | $94.0M |
自由现金流AMNSA
| Q4 25 | — | $299.8M | ||
| Q3 25 | — | $88.0M | ||
| Q2 25 | — | $73.8M | ||
| Q1 25 | — | $79.9M | ||
| Q4 24 | — | $344.4M | ||
| Q3 24 | $184.3M | $101.8M | ||
| Q2 24 | $147.2M | $79.5M | ||
| Q1 24 | $208.5M | $88.6M |
自由现金流率AMNSA
| Q4 25 | — | 160.3% | ||
| Q3 25 | — | 46.6% | ||
| Q2 25 | — | 39.1% | ||
| Q1 25 | — | 42.4% | ||
| Q4 24 | — | 181.2% | ||
| Q3 24 | 68.3% | 52.6% | ||
| Q2 24 | 54.6% | 41.7% | ||
| Q1 24 | 74.7% | 45.2% |
资本支出强度AMNSA
| Q4 25 | — | 20.7% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | 0.0% | 9.8% | ||
| Q3 24 | 0.2% | 2.0% | ||
| Q2 24 | 25.4% | 1.9% | ||
| Q1 24 | 0.7% | 2.7% |
现金转化率AMNSA
| Q4 25 | 4.92× | 14.79× | ||
| Q3 25 | 1.84× | 5.44× | ||
| Q2 25 | 2.13× | 4.10× | ||
| Q1 25 | 1.65× | 6.59× | ||
| Q4 24 | 2.09× | 21.70× | ||
| Q3 24 | 1.85× | 5.65× | ||
| Q2 24 | 2.51× | 4.88× | ||
| Q1 24 | 2.03× | 1.59× |
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% |
NSA
暂无分部数据
