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Antero Midstream Corp（AM）与QUALYS, INC.（QLYS）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QUALYS, INC.的1.7倍（$291.1M vs $175.3M），Antero Midstream Corp净利率更高（41.5% vs 30.3%，领先11.1%），QUALYS, INC.同比增速更快（10.1% vs -7.3%），过去两年QUALYS, INC.的营收复合增速更高（9.6% 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。
Qualys是总部位于美国加利福尼亚州福斯特城的科技企业，专注于云安全、合规管理及相关服务，为客户提供覆盖云环境的安全防护与合规解决方案，助力企业应对各类网络安全风险，满足不同行业的合规运营需求。
AM vs QLYS — 直观对比
营收规模更大
AM
是对方的1.7倍
$175.3M
营收增速更快
QLYS
高出17.5%
-7.3%
净利率更高
AM
高出11.1%
30.3%
两年增速更快
QLYS
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $175.3M |
| 净利润 | $120.7M | $53.1M |
| 毛利率 | — | 83.4% |
| 营业利润率 | 60.9% | 33.6% |
| 净利率 | 41.5% | 30.3% |
| 营收同比 | -7.3% | 10.1% |
| 净利润同比 | 2.1% | 20.9% |
| 每股收益（稀释后） | $0.25 | $1.47 |
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AMQLYS
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $175.3M | ||
| Q3 25 | $294.8M | $169.9M | ||
| Q2 25 | $305.5M | $164.1M | ||
| Q1 25 | $291.1M | $159.9M | ||
| Q4 24 | $287.5M | $159.2M | ||
| Q3 24 | $269.9M | $153.9M | ||
| Q2 24 | $269.8M | $148.7M |
净利润AMQLYS
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $53.1M | ||
| Q3 25 | $116.0M | $50.3M | ||
| Q2 25 | $124.5M | $47.3M | ||
| Q1 25 | $120.7M | $47.5M | ||
| Q4 24 | $111.2M | $44.0M | ||
| Q3 24 | $99.7M | $46.2M | ||
| Q2 24 | $86.0M | $43.8M |
毛利率AMQLYS
| Q1 26 | — | — | ||
| Q4 25 | — | 83.4% | ||
| Q3 25 | — | 83.6% | ||
| Q2 25 | — | 82.4% | ||
| Q1 25 | — | 81.9% | ||
| Q4 24 | — | 81.8% | ||
| Q3 24 | — | 81.3% | ||
| Q2 24 | — | 82.2% |
营业利润率AMQLYS
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 33.6% | ||
| Q3 25 | 61.2% | 35.3% | ||
| Q2 25 | 61.0% | 31.3% | ||
| Q1 25 | 60.9% | 32.4% | ||
| Q4 24 | 61.8% | 31.0% | ||
| Q3 24 | 60.2% | 29.2% | ||
| Q2 24 | 56.6% | 32.3% |
净利率AMQLYS
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | 30.3% | ||
| Q3 25 | 39.3% | 29.6% | ||
| Q2 25 | 40.8% | 28.8% | ||
| Q1 25 | 41.5% | 29.7% | ||
| Q4 24 | 38.7% | 27.6% | ||
| Q3 24 | 37.0% | 30.0% | ||
| Q2 24 | 31.9% | 29.4% |
每股收益（稀释后）AMQLYS
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $1.47 | ||
| Q3 25 | $0.24 | $1.39 | ||
| Q2 25 | $0.26 | $1.29 | ||
| Q1 25 | $0.25 | $1.29 | ||
| Q4 24 | $0.23 | $1.19 | ||
| Q3 24 | $0.21 | $1.24 | ||
| Q2 24 | $0.18 | $1.17 |
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 | $250.3M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.0B | $561.2M |
| 总资产 | $5.9B | $1.1B |
| 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AMQLYS
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $250.3M | ||
| Q3 25 | — | $225.3M | ||
| Q2 25 | — | $194.0M | ||
| Q1 25 | — | $290.7M | ||
| Q4 24 | — | $232.2M | ||
| Q3 24 | — | $235.4M | ||
| Q2 24 | — | $281.2M |
总债务AMQLYS
| Q1 26 | $3.2B | — | ||
| 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 | — |
股东权益AMQLYS
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $561.2M | ||
| Q3 25 | $2.1B | $529.4M | ||
| Q2 25 | $2.1B | $508.2M | ||
| Q1 25 | $2.1B | $498.0M | ||
| Q4 24 | $2.1B | $477.1M | ||
| Q3 24 | $2.1B | $449.6M | ||
| Q2 24 | $2.1B | $427.8M |
总资产AMQLYS
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $1.1B | ||
| Q3 25 | $5.7B | $1.0B | ||
| Q2 25 | $5.7B | $999.5M | ||
| Q1 25 | $5.8B | $996.5M | ||
| Q4 24 | $5.8B | $973.5M | ||
| Q3 24 | $5.8B | $908.3M | ||
| Q2 24 | $5.8B | $876.6M |
负债/权益比AMQLYS
| Q1 26 | 1.63× | — | ||
| 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× | — |
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 | $75.7M |
| 自由现金流经营现金流 - 资本支出 | — | $74.9M |
| 自由现金流率自由现金流/营收 | — | 42.8% |
| 资本支出强度资本支出/营收 | 11.1% | 0.4% |
| 现金转化率经营现金流/净利润 | 1.65× | 1.42× |
| 过去12个月自由现金流最近4个季度 | — | $304.4M |
8季度趋势，按日历期对齐
经营现金流AMQLYS
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $75.7M | ||
| Q3 25 | $212.8M | $90.4M | ||
| Q2 25 | $265.2M | $33.8M | ||
| Q1 25 | $198.9M | $109.6M | ||
| Q4 24 | $232.7M | $47.7M | ||
| Q3 24 | $184.9M | $61.0M | ||
| Q2 24 | $215.8M | $49.8M |
自由现金流AMQLYS
| Q1 26 | — | — | ||
| Q4 25 | — | $74.9M | ||
| Q3 25 | — | $89.5M | ||
| Q2 25 | — | $32.4M | ||
| Q1 25 | — | $107.5M | ||
| Q4 24 | — | $41.9M | ||
| Q3 24 | $184.3M | $57.6M | ||
| Q2 24 | $147.2M | $48.8M |
自由现金流率AMQLYS
| Q1 26 | — | — | ||
| Q4 25 | — | 42.8% | ||
| Q3 25 | — | 52.7% | ||
| Q2 25 | — | 19.8% | ||
| Q1 25 | — | 67.3% | ||
| Q4 24 | — | 26.3% | ||
| Q3 24 | 68.3% | 37.4% | ||
| Q2 24 | 54.6% | 32.8% |
资本支出强度AMQLYS
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | 0.0% | 3.7% | ||
| Q3 24 | 0.2% | 2.2% | ||
| Q2 24 | 25.4% | 0.7% |
现金转化率AMQLYS
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 1.42× | ||
| Q3 25 | 1.84× | 1.80× | ||
| Q2 25 | 2.13× | 0.71× | ||
| Q1 25 | 1.65× | 2.31× | ||
| Q4 24 | 2.09× | 1.09× | ||
| Q3 24 | 1.85× | 1.32× | ||
| Q2 24 | 2.51× | 1.14× |
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% |
QLYS
| Sales Channel Through Intermediary | $88.6M | 51% |
| Sales Channel Directly To Consumer | $86.7M | 49% |
