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Antero Midstream Corp（AM）与POWER SOLUTIONS INTERNATIONAL, INC.（PSIX）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POWER SOLUTIONS INTERNATIONAL, INC.的1.5倍（$291.1M vs $191.2M），Antero Midstream Corp净利率更高（41.5% vs 8.4%，领先33.1%），POWER SOLUTIONS INTERNATIONAL, INC.同比增速更快（32.5% vs -7.3%），Antero Midstream Corp自由现金流更多（$186.9M vs $-7.6M），过去两年POWER SOLUTIONS INTERNATIONAL, INC.的营收复合增速更高（41.7% 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。
阿达尼能源解决方案有限公司（前身为阿达尼输电有限公司）是一家电力输配企业，总部位于艾哈迈达巴德。截至2025年4月，公司累计输电网络总长26696回路公里，是印度规模最大的民营输电企业之一。
AM vs PSIX — 直观对比
营收规模更大
AM
是对方的1.5倍
$191.2M
营收增速更快
PSIX
高出39.9%
-7.3%
净利率更高
AM
高出33.1%
8.4%
自由现金流更多
AM
多$194.5M
$-7.6M
两年增速更快
PSIX
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $191.2M |
| 净利润 | $120.7M | $16.1M |
| 毛利率 | — | 21.9% |
| 营业利润率 | 60.9% | 12.7% |
| 净利率 | 41.5% | 8.4% |
| 营收同比 | -7.3% | 32.5% |
| 净利润同比 | 2.1% | -31.0% |
| 每股收益（稀释后） | $0.25 | $0.69 |
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AMPSIX
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $191.2M | ||
| Q3 25 | $294.8M | $203.8M | ||
| Q2 25 | $305.5M | $191.9M | ||
| Q1 25 | $291.1M | $135.4M | ||
| Q4 24 | $287.5M | $144.3M | ||
| Q3 24 | $269.9M | $125.8M | ||
| Q2 24 | $269.8M | $110.6M |
净利润AMPSIX
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $16.1M | ||
| Q3 25 | $116.0M | $27.6M | ||
| Q2 25 | $124.5M | $51.2M | ||
| Q1 25 | $120.7M | $19.1M | ||
| Q4 24 | $111.2M | $23.3M | ||
| Q3 24 | $99.7M | $17.3M | ||
| Q2 24 | $86.0M | $21.5M |
毛利率AMPSIX
| Q1 26 | — | — | ||
| Q4 25 | — | 21.9% | ||
| Q3 25 | — | 23.9% | ||
| Q2 25 | — | 28.2% | ||
| Q1 25 | — | 29.7% | ||
| Q4 24 | — | 29.9% | ||
| Q3 24 | — | 28.9% | ||
| Q2 24 | — | 31.8% |
营业利润率AMPSIX
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 12.7% | ||
| Q3 25 | 61.2% | 13.9% | ||
| Q2 25 | 61.0% | 16.9% | ||
| Q1 25 | 60.9% | 18.2% | ||
| Q4 24 | 61.8% | 17.5% | ||
| Q3 24 | 60.2% | 16.3% | ||
| Q2 24 | 56.6% | 22.9% |
净利率AMPSIX
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | 8.4% | ||
| Q3 25 | 39.3% | 13.5% | ||
| Q2 25 | 40.8% | 26.7% | ||
| Q1 25 | 41.5% | 14.1% | ||
| Q4 24 | 38.7% | 16.1% | ||
| Q3 24 | 37.0% | 13.8% | ||
| Q2 24 | 31.9% | 19.5% |
每股收益（稀释后）AMPSIX
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $0.69 | ||
| Q3 25 | $0.24 | $1.20 | ||
| Q2 25 | $0.26 | $2.22 | ||
| Q1 25 | $0.25 | $0.83 | ||
| Q4 24 | $0.23 | $1.01 | ||
| Q3 24 | $0.21 | $0.75 | ||
| Q2 24 | $0.18 | $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 | $41.3M |
| 总债务越低越好 | $3.2B | $96.6M |
| 股东权益账面价值 | $2.0B | $178.6M |
| 总资产 | $5.9B | $424.7M |
| 负债/权益比越低杠杆越低 | 1.63× | 0.54× |
8季度趋势，按日历期对齐
现金及短期投资AMPSIX
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $41.3M | ||
| Q3 25 | — | $49.0M | ||
| Q2 25 | — | $49.5M | ||
| Q1 25 | — | $50.0M | ||
| Q4 24 | — | $55.3M | ||
| Q3 24 | — | $40.5M | ||
| Q2 24 | — | $28.8M |
总债务AMPSIX
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $96.6M | ||
| Q3 25 | $3.0B | $96.7M | ||
| Q2 25 | $3.0B | $1.8M | ||
| Q1 25 | $3.1B | $1.0M | ||
| Q4 24 | $3.1B | $184.0K | ||
| Q3 24 | $3.2B | $238.0K | ||
| Q2 24 | $3.2B | $292.0K |
股东权益AMPSIX
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $178.6M | ||
| Q3 25 | $2.1B | $162.5M | ||
| Q2 25 | $2.1B | $135.7M | ||
| Q1 25 | $2.1B | $84.3M | ||
| Q4 24 | $2.1B | $65.3M | ||
| Q3 24 | $2.1B | $42.1M | ||
| Q2 24 | $2.1B | $24.8M |
总资产AMPSIX
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $424.7M | ||
| Q3 25 | $5.7B | $458.9M | ||
| Q2 25 | $5.7B | $437.7M | ||
| Q1 25 | $5.8B | $372.7M | ||
| Q4 24 | $5.8B | $328.2M | ||
| Q3 24 | $5.8B | $339.1M | ||
| Q2 24 | $5.8B | $307.6M |
负债/权益比AMPSIX
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 0.54× | ||
| Q3 25 | 1.46× | 0.60× | ||
| Q2 25 | 1.45× | 0.01× | ||
| Q1 25 | 1.49× | 0.01× | ||
| Q4 24 | 1.47× | 0.00× | ||
| Q3 24 | 1.49× | 0.01× | ||
| Q2 24 | 1.50× | 0.01× |
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 | $-4.6M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | $-7.6M |
| 自由现金流率自由现金流/营收 | 64.2% | -4.0% |
| 资本支出强度资本支出/营收 | 11.1% | 1.6% |
| 现金转化率经营现金流/净利润 | 1.65× | -0.29× |
| 过去12个月自由现金流最近4个季度 | — | $14.1M |
8季度趋势，按日历期对齐
经营现金流AMPSIX
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $-4.6M | ||
| Q3 25 | $212.8M | $3.3M | ||
| Q2 25 | $265.2M | $16.7M | ||
| Q1 25 | $198.9M | $8.8M | ||
| Q4 24 | $232.7M | $32.7M | ||
| Q3 24 | $184.9M | $12.6M | ||
| Q2 24 | $215.8M | $1.5M |
自由现金流AMPSIX
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $-7.6M | ||
| Q3 25 | — | $1.7M | ||
| Q2 25 | — | $14.6M | ||
| Q1 25 | — | $5.4M | ||
| Q4 24 | — | $30.0M | ||
| Q3 24 | $184.3M | $12.1M | ||
| Q2 24 | $147.2M | $822.0K |
自由现金流率AMPSIX
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | -4.0% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 7.6% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 20.8% | ||
| Q3 24 | 68.3% | 9.7% | ||
| Q2 24 | 54.6% | 0.7% |
资本支出强度AMPSIX
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | 0.0% | 1.8% | ||
| Q3 24 | 0.2% | 0.3% | ||
| Q2 24 | 25.4% | 0.6% |
现金转化率AMPSIX
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | -0.29× | ||
| Q3 25 | 1.84× | 0.12× | ||
| Q2 25 | 2.13× | 0.33× | ||
| Q1 25 | 1.65× | 0.46× | ||
| Q4 24 | 2.09× | 1.40× | ||
| Q3 24 | 1.85× | 0.73× | ||
| Q2 24 | 2.51× | 0.07× |
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% |
PSIX
| Energy End Market | $153.4M | 80% |
| Industrial End Market | $33.3M | 17% |
| Transportation End Market | $4.6M | 2% |
