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Antero Midstream Corp（AM）与PROGRESS SOFTWARE CORP（PRGS）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PROGRESS SOFTWARE CORP的1.2倍（$291.1M vs $252.7M），Antero Midstream Corp净利率更高（41.5% vs 10.2%，领先31.3%），PROGRESS SOFTWARE CORP同比增速更快（17.5% vs -7.3%），Antero Midstream Corp自由现金流更多（$186.9M vs $59.9M），过去两年PROGRESS SOFTWARE CORP的营收复合增速更高（17.0% 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。
Progress Software是全球领先的企业级软件服务商，主营应用开发平台、数据连接工具、数字体验解决方案等产品，服务覆盖金融、医疗、制造、零售等多行业的全球企业客户，助力客户搭建高性能可扩展的业务应用，提升运营效率。
AM vs PRGS — 直观对比
营收规模更大
AM
是对方的1.2倍
$252.7M
营收增速更快
PRGS
高出24.9%
-7.3%
净利率更高
AM
高出31.3%
10.2%
自由现金流更多
AM
多$127.0M
$59.9M
两年增速更快
PRGS
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $252.7M |
| 净利润 | $120.7M | $25.7M |
| 毛利率 | — | 81.6% |
| 营业利润率 | 60.9% | 15.2% |
| 净利率 | 41.5% | 10.2% |
| 营收同比 | -7.3% | 17.5% |
| 净利润同比 | 2.1% | 2144.6% |
| 每股收益（稀释后） | $0.25 | $0.59 |
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AMPRGS
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $252.7M | ||
| Q3 25 | $294.8M | $249.8M | ||
| Q2 25 | $305.5M | $237.4M | ||
| Q1 25 | $291.1M | $238.0M | ||
| Q4 24 | $287.5M | $215.0M | ||
| Q3 24 | $269.9M | $178.7M | ||
| Q2 24 | $269.8M | $175.1M |
净利润AMPRGS
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $25.7M | ||
| Q3 25 | $116.0M | $19.4M | ||
| Q2 25 | $124.5M | $17.0M | ||
| Q1 25 | $120.7M | $10.9M | ||
| Q4 24 | $111.2M | $1.1M | ||
| Q3 24 | $99.7M | $28.5M | ||
| Q2 24 | $86.0M | $16.2M |
毛利率AMPRGS
| Q1 26 | — | — | ||
| Q4 25 | — | 81.6% | ||
| Q3 25 | — | 81.0% | ||
| Q2 25 | — | 80.1% | ||
| Q1 25 | — | 80.6% | ||
| Q4 24 | — | 83.0% | ||
| Q3 24 | — | 83.7% | ||
| Q2 24 | — | 81.7% |
营业利润率AMPRGS
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 15.2% | ||
| Q3 25 | 61.2% | 17.6% | ||
| Q2 25 | 61.0% | 16.3% | ||
| Q1 25 | 60.9% | 13.6% | ||
| Q4 24 | 61.8% | 10.0% | ||
| Q3 24 | 60.2% | 22.6% | ||
| Q2 24 | 56.6% | 15.5% |
净利率AMPRGS
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | 10.2% | ||
| Q3 25 | 39.3% | 7.8% | ||
| Q2 25 | 40.8% | 7.2% | ||
| Q1 25 | 41.5% | 4.6% | ||
| Q4 24 | 38.7% | 0.5% | ||
| Q3 24 | 37.0% | 15.9% | ||
| Q2 24 | 31.9% | 9.2% |
每股收益（稀释后）AMPRGS
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $0.59 | ||
| Q3 25 | $0.24 | $0.44 | ||
| Q2 25 | $0.26 | $0.39 | ||
| Q1 25 | $0.25 | $0.24 | ||
| Q4 24 | $0.23 | $0.01 | ||
| Q3 24 | $0.21 | $0.65 | ||
| Q2 24 | $0.18 | $0.37 |
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 | $94.8M |
| 总债务越低越好 | $3.2B | $1.4B |
| 股东权益账面价值 | $2.0B | $478.3M |
| 总资产 | $5.9B | $2.5B |
| 负债/权益比越低杠杆越低 | 1.63× | 2.93× |
8季度趋势，按日历期对齐
现金及短期投资AMPRGS
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $94.8M | ||
| Q3 25 | — | $99.0M | ||
| Q2 25 | — | $102.0M | ||
| Q1 25 | — | $124.2M | ||
| Q4 24 | — | $118.1M | ||
| Q3 24 | — | $232.7M | ||
| Q2 24 | — | $190.4M |
总债务AMPRGS
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $1.4B | ||
| Q3 25 | $3.0B | $1.4B | ||
| Q2 25 | $3.0B | $1.5B | ||
| Q1 25 | $3.1B | $1.5B | ||
| Q4 24 | $3.1B | $1.5B | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — |
股东权益AMPRGS
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $478.3M | ||
| Q3 25 | $2.1B | $477.7M | ||
| Q2 25 | $2.1B | $452.7M | ||
| Q1 25 | $2.1B | $431.8M | ||
| Q4 24 | $2.1B | $438.8M | ||
| Q3 24 | $2.1B | $425.6M | ||
| Q2 24 | $2.1B | $401.7M |
总资产AMPRGS
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $2.5B | ||
| Q3 25 | $5.7B | $2.4B | ||
| Q2 25 | $5.7B | $2.4B | ||
| Q1 25 | $5.8B | $2.5B | ||
| Q4 24 | $5.8B | $2.5B | ||
| Q3 24 | $5.8B | $1.6B | ||
| Q2 24 | $5.8B | $1.6B |
负债/权益比AMPRGS
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 2.93× | ||
| Q3 25 | 1.46× | 2.97× | ||
| Q2 25 | 1.45× | 3.22× | ||
| Q1 25 | 1.49× | 3.50× | ||
| Q4 24 | 1.47× | 3.48× | ||
| 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 | $62.8M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | $59.9M |
| 自由现金流率自由现金流/营收 | 64.2% | 23.7% |
| 资本支出强度资本支出/营收 | 11.1% | 1.1% |
| 现金转化率经营现金流/净利润 | 1.65× | 2.44× |
| 过去12个月自由现金流最近4个季度 | — | $229.5M |
8季度趋势，按日历期对齐
经营现金流AMPRGS
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $62.8M | ||
| Q3 25 | $212.8M | $73.4M | ||
| Q2 25 | $265.2M | $30.0M | ||
| Q1 25 | $198.9M | $68.9M | ||
| Q4 24 | $232.7M | $19.7M | ||
| Q3 24 | $184.9M | $57.7M | ||
| Q2 24 | $215.8M | $63.7M |
自由现金流AMPRGS
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $59.9M | ||
| Q3 25 | — | $72.4M | ||
| Q2 25 | — | $29.5M | ||
| Q1 25 | — | $67.7M | ||
| Q4 24 | — | $16.8M | ||
| Q3 24 | $184.3M | $56.6M | ||
| Q2 24 | $147.2M | $62.7M |
自由现金流率AMPRGS
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | 23.7% | ||
| Q3 25 | — | 29.0% | ||
| Q2 25 | — | 12.4% | ||
| Q1 25 | — | 28.4% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | 68.3% | 31.7% | ||
| Q2 24 | 54.6% | 35.8% |
资本支出强度AMPRGS
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | 0.0% | 1.3% | ||
| Q3 24 | 0.2% | 0.6% | ||
| Q2 24 | 25.4% | 0.5% |
现金转化率AMPRGS
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 2.44× | ||
| Q3 25 | 1.84× | 3.78× | ||
| Q2 25 | 2.13× | 1.76× | ||
| Q1 25 | 1.65× | 6.30× | ||
| Q4 24 | 2.09× | 17.13× | ||
| Q3 24 | 1.85× | 2.03× | ||
| Q2 24 | 2.51× | 3.93× |
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% |
PRGS
| Maintenanceand Services | $187.5M | 74% |
| Share File Acquisition | $67.5M | 27% |
