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Antero Midstream Corp（AM）与ONESPAWORLD HOLDINGS Ltd（OSW）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ONESPAWORLD HOLDINGS Ltd的1.2倍（$291.1M vs $242.1M），Antero Midstream Corp净利率更高（41.5% vs 5.0%，领先36.5%），ONESPAWORLD HOLDINGS Ltd同比增速更快（11.5% vs -7.3%），Antero Midstream Corp自由现金流更多（$186.9M vs $14.9M），过去两年ONESPAWORLD HOLDINGS Ltd的营收复合增速更高（7.1% 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。
AM vs OSW — 直观对比
营收规模更大
AM
是对方的1.2倍
$242.1M
营收增速更快
OSW
高出18.8%
-7.3%
净利率更高
AM
高出36.5%
5.0%
自由现金流更多
AM
多$172.0M
$14.9M
两年增速更快
OSW
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $242.1M |
| 净利润 | $120.7M | $12.1M |
| 毛利率 | — | — |
| 营业利润率 | 60.9% | 6.8% |
| 净利率 | 41.5% | 5.0% |
| 营收同比 | -7.3% | 11.5% |
| 净利润同比 | 2.1% | -16.2% |
| 每股收益（稀释后） | $0.25 | $0.12 |
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AMOSW
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $242.1M | ||
| Q3 25 | $294.8M | $258.5M | ||
| Q2 25 | $305.5M | $240.7M | ||
| Q1 25 | $291.1M | $219.6M | ||
| Q4 24 | $287.5M | $217.2M | ||
| Q3 24 | $269.9M | $241.7M | ||
| Q2 24 | $269.8M | $224.9M |
净利润AMOSW
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $12.1M | ||
| Q3 25 | $116.0M | $24.3M | ||
| Q2 25 | $124.5M | $19.9M | ||
| Q1 25 | $120.7M | $15.3M | ||
| Q4 24 | $111.2M | $14.4M | ||
| Q3 24 | $99.7M | $21.6M | ||
| Q2 24 | $86.0M | $15.8M |
营业利润率AMOSW
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 6.8% | ||
| Q3 25 | 61.2% | 10.2% | ||
| Q2 25 | 61.0% | 9.2% | ||
| Q1 25 | 60.9% | 7.7% | ||
| Q4 24 | 61.8% | 7.9% | ||
| Q3 24 | 60.2% | 10.3% | ||
| Q2 24 | 56.6% | 8.4% |
净利率AMOSW
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | 5.0% | ||
| Q3 25 | 39.3% | 9.4% | ||
| Q2 25 | 40.8% | 8.3% | ||
| Q1 25 | 41.5% | 7.0% | ||
| Q4 24 | 38.7% | 6.6% | ||
| Q3 24 | 37.0% | 8.9% | ||
| Q2 24 | 31.9% | 7.0% |
每股收益（稀释后）AMOSW
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $0.12 | ||
| Q3 25 | $0.24 | $0.23 | ||
| Q2 25 | $0.26 | $0.19 | ||
| Q1 25 | $0.25 | $0.15 | ||
| Q4 24 | $0.23 | $0.13 | ||
| Q3 24 | $0.21 | $0.20 | ||
| Q2 24 | $0.18 | $0.15 |
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 | $16.3M |
| 总债务越低越好 | $3.2B | $84.0M |
| 股东权益账面价值 | $2.0B | $542.6M |
| 总资产 | $5.9B | $707.1M |
| 负债/权益比越低杠杆越低 | 1.63× | 0.15× |
8季度趋势，按日历期对齐
现金及短期投资AMOSW
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $16.3M | ||
| Q3 25 | — | $29.6M | ||
| Q2 25 | — | $35.0M | ||
| Q1 25 | — | $22.6M | ||
| Q4 24 | — | $57.4M | ||
| Q3 24 | — | $48.8M | ||
| Q2 24 | — | $62.5M |
总债务AMOSW
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $84.0M | ||
| Q3 25 | $3.0B | $85.2M | ||
| Q2 25 | $3.0B | $96.2M | ||
| Q1 25 | $3.1B | $97.4M | ||
| Q4 24 | $3.1B | $98.6M | ||
| Q3 24 | $3.2B | $98.7M | ||
| Q2 24 | $3.2B | $123.8M |
股东权益AMOSW
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $542.6M | ||
| Q3 25 | $2.1B | $552.8M | ||
| Q2 25 | $2.1B | $548.3M | ||
| Q1 25 | $2.1B | $530.6M | ||
| Q4 24 | $2.1B | $554.5M | ||
| Q3 24 | $2.1B | $540.1M | ||
| Q2 24 | $2.1B | $532.7M |
总资产AMOSW
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $707.1M | ||
| Q3 25 | $5.7B | $732.6M | ||
| Q2 25 | $5.7B | $731.8M | ||
| Q1 25 | $5.8B | $708.7M | ||
| Q4 24 | $5.8B | $746.4M | ||
| Q3 24 | $5.8B | $734.0M | ||
| Q2 24 | $5.8B | $756.8M |
负债/权益比AMOSW
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 0.15× | ||
| Q3 25 | 1.46× | 0.15× | ||
| Q2 25 | 1.45× | 0.18× | ||
| Q1 25 | 1.49× | 0.18× | ||
| Q4 24 | 1.47× | 0.18× | ||
| Q3 24 | 1.49× | 0.18× | ||
| Q2 24 | 1.50× | 0.23× |
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 | $20.0M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | $14.9M |
| 自由现金流率自由现金流/营收 | 64.2% | 6.2% |
| 资本支出强度资本支出/营收 | 11.1% | 2.1% |
| 现金转化率经营现金流/净利润 | 1.65× | 1.65× |
| 过去12个月自由现金流最近4个季度 | — | $68.4M |
8季度趋势，按日历期对齐
经营现金流AMOSW
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $20.0M | ||
| Q3 25 | $212.8M | $33.2M | ||
| Q2 25 | $265.2M | $20.3M | ||
| Q1 25 | $198.9M | $10.1M | ||
| Q4 24 | $232.7M | $16.6M | ||
| Q3 24 | $184.9M | $28.6M | ||
| Q2 24 | $215.8M | $18.7M |
自由现金流AMOSW
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $14.9M | ||
| Q3 25 | — | $27.6M | ||
| Q2 25 | — | $17.6M | ||
| Q1 25 | — | $8.4M | ||
| Q4 24 | — | $13.2M | ||
| Q3 24 | $184.3M | $27.5M | ||
| Q2 24 | $147.2M | $17.6M |
自由现金流率AMOSW
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | 6.2% | ||
| Q3 25 | — | 10.7% | ||
| Q2 25 | — | 7.3% | ||
| Q1 25 | — | 3.8% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | 68.3% | 11.4% | ||
| Q2 24 | 54.6% | 7.8% |
资本支出强度AMOSW
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | 0.0% | 1.5% | ||
| Q3 24 | 0.2% | 0.5% | ||
| Q2 24 | 25.4% | 0.5% |
现金转化率AMOSW
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 1.65× | ||
| Q3 25 | 1.84× | 1.36× | ||
| Q2 25 | 2.13× | 1.02× | ||
| Q1 25 | 1.65× | 0.66× | ||
| Q4 24 | 2.09× | 1.15× | ||
| Q3 24 | 1.85× | 1.33× | ||
| Q2 24 | 2.51× | 1.19× |
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% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
