vs
Antero Midstream Corp（AM）与ONTO INNOVATION INC.（ONTO）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ONTO INNOVATION INC.的1.4倍（$297.0M vs $218.2M），Antero Midstream Corp净利率更高（17.5% vs 12.9%，领先4.5%），Antero Midstream Corp同比增速更快（3.3% vs -13.5%），过去两年Antero Midstream Corp的营收复合增速更高（3.2% vs 2.6%）
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。
Onto Innovation是一家美国半导体企业，2019年由Rudolph Technologies与Nanometrics合并组建，为微电子制造行业提供生产工艺、工艺控制相关设备及配套软件解决方案，是全球半导体制造支撑领域的重要供应商。
AM vs ONTO — 直观对比
营收规模更大
AM
是对方的1.4倍
$218.2M
营收增速更快
AM
高出16.8%
-13.5%
净利率更高
AM
高出4.5%
12.9%
两年增速更快
AM
近两年复合增速
2.6%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $297.0M | $218.2M |
| 净利润 | $51.9M | $28.2M |
| 毛利率 | — | 50.7% |
| 营业利润率 | 33.8% | 10.9% |
| 净利率 | 17.5% | 12.9% |
| 营收同比 | 3.3% | -13.5% |
| 净利润同比 | -53.3% | -46.8% |
| 每股收益（稀释后） | $0.11 | $0.57 |
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AMONTO
| Q4 25 | $297.0M | — | ||
| Q3 25 | $294.8M | $218.2M | ||
| Q2 25 | $305.5M | $253.6M | ||
| Q1 25 | $291.1M | $266.6M | ||
| Q4 24 | $287.5M | $263.9M | ||
| Q3 24 | $269.9M | $252.2M | ||
| Q2 24 | $269.8M | $242.3M | ||
| Q1 24 | $279.1M | $228.8M |
净利润AMONTO
| Q4 25 | $51.9M | — | ||
| Q3 25 | $116.0M | $28.2M | ||
| Q2 25 | $124.5M | $33.9M | ||
| Q1 25 | $120.7M | $64.1M | ||
| Q4 24 | $111.2M | $48.8M | ||
| Q3 24 | $99.7M | $53.1M | ||
| Q2 24 | $86.0M | $52.9M | ||
| Q1 24 | $103.9M | $46.9M |
毛利率AMONTO
| Q4 25 | — | — | ||
| Q3 25 | — | 50.7% | ||
| Q2 25 | — | 48.2% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | — | 50.2% | ||
| Q3 24 | — | 54.1% | ||
| Q2 24 | — | 52.9% | ||
| Q1 24 | — | 51.7% |
营业利润率AMONTO
| Q4 25 | 33.8% | — | ||
| Q3 25 | 61.2% | 10.9% | ||
| Q2 25 | 61.0% | 12.7% | ||
| Q1 25 | 60.9% | 23.7% | ||
| Q4 24 | 61.8% | 16.1% | ||
| Q3 24 | 60.2% | 21.0% | ||
| Q2 24 | 56.6% | 20.2% | ||
| Q1 24 | 59.6% | 18.7% |
净利率AMONTO
| Q4 25 | 17.5% | — | ||
| Q3 25 | 39.3% | 12.9% | ||
| Q2 25 | 40.8% | 13.4% | ||
| Q1 25 | 41.5% | 24.0% | ||
| Q4 24 | 38.7% | 18.5% | ||
| Q3 24 | 37.0% | 21.0% | ||
| Q2 24 | 31.9% | 21.9% | ||
| Q1 24 | 37.2% | 20.5% |
每股收益（稀释后）AMONTO
| Q4 25 | $0.11 | — | ||
| Q3 25 | $0.24 | $0.57 | ||
| Q2 25 | $0.26 | $0.69 | ||
| Q1 25 | $0.25 | $1.30 | ||
| Q4 24 | $0.23 | $0.98 | ||
| Q3 24 | $0.21 | $1.07 | ||
| Q2 24 | $0.18 | $1.07 | ||
| Q1 24 | $0.21 | $0.94 |
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 | $603.1M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.0B | $2.0B |
| 总资产 | $5.9B | $2.2B |
| 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AMONTO
| Q4 25 | $180.4M | — | ||
| Q3 25 | — | $603.1M | ||
| Q2 25 | — | $217.5M | ||
| Q1 25 | — | $203.7M | ||
| Q4 24 | — | $212.9M | ||
| Q3 24 | — | $188.7M | ||
| Q2 24 | — | $172.6M | ||
| Q1 24 | $26.1M | $190.9M |
总债务AMONTO
| 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AMONTO
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.1B | $2.0B | ||
| Q2 25 | $2.1B | $2.0B | ||
| Q1 25 | $2.1B | $1.9B | ||
| Q4 24 | $2.1B | $1.9B | ||
| Q3 24 | $2.1B | $1.9B | ||
| Q2 24 | $2.1B | $1.8B | ||
| Q1 24 | $2.2B | $1.8B |
总资产AMONTO
| Q4 25 | $5.9B | — | ||
| Q3 25 | $5.7B | $2.2B | ||
| Q2 25 | $5.7B | $2.1B | ||
| Q1 25 | $5.8B | $2.1B | ||
| Q4 24 | $5.8B | $2.1B | ||
| Q3 24 | $5.8B | $2.1B | ||
| Q2 24 | $5.8B | $2.0B | ||
| Q1 24 | $5.7B | $2.0B |
负债/权益比AMONTO
| 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 | $83.4M |
| 自由现金流经营现金流 - 资本支出 | — | $82.0M |
| 自由现金流率自由现金流/营收 | — | 37.6% |
| 资本支出强度资本支出/营收 | — | 0.6% |
| 现金转化率经营现金流/净利润 | 4.92× | 2.95× |
| 过去12个月自由现金流最近4个季度 | — | $261.3M |
8季度趋势，按日历期对齐
经营现金流AMONTO
| Q4 25 | $255.5M | — | ||
| Q3 25 | $212.8M | $83.4M | ||
| Q2 25 | $265.2M | $57.9M | ||
| Q1 25 | $198.9M | $92.0M | ||
| Q4 24 | $232.7M | $56.0M | ||
| Q3 24 | $184.9M | $67.2M | ||
| Q2 24 | $215.8M | $65.3M | ||
| Q1 24 | $210.6M | $57.1M |
自由现金流AMONTO
| Q4 25 | — | — | ||
| Q3 25 | — | $82.0M | ||
| Q2 25 | — | $44.2M | ||
| Q1 25 | — | $83.7M | ||
| Q4 24 | — | $51.4M | ||
| Q3 24 | $184.3M | $59.2M | ||
| Q2 24 | $147.2M | $53.0M | ||
| Q1 24 | $208.5M | $50.2M |
自由现金流率AMONTO
| Q4 25 | — | — | ||
| Q3 25 | — | 37.6% | ||
| Q2 25 | — | 17.4% | ||
| Q1 25 | — | 31.4% | ||
| Q4 24 | — | 19.5% | ||
| Q3 24 | 68.3% | 23.5% | ||
| Q2 24 | 54.6% | 21.9% | ||
| Q1 24 | 74.7% | 21.9% |
资本支出强度AMONTO
| Q4 25 | — | — | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 5.4% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | 0.0% | 1.8% | ||
| Q3 24 | 0.2% | 3.2% | ||
| Q2 24 | 25.4% | 5.1% | ||
| Q1 24 | 0.7% | 3.0% |
现金转化率AMONTO
| Q4 25 | 4.92× | — | ||
| Q3 25 | 1.84× | 2.95× | ||
| Q2 25 | 2.13× | 1.71× | ||
| Q1 25 | 1.65× | 1.44× | ||
| Q4 24 | 2.09× | 1.15× | ||
| Q3 24 | 1.85× | 1.27× | ||
| Q2 24 | 2.51× | 1.23× | ||
| Q1 24 | 2.03× | 1.22× |
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% |
ONTO
| Systems And Software Revenue | $173.8M | 80% |
| Parts Revenue | $23.9M | 11% |
| Service Revenue | $20.5M | 9% |
