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Antero Midstream Corp（AM）与Ribbon Communications Inc.（RBBN）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Ribbon Communications Inc.的1.8倍（$291.1M vs $162.6M），Ribbon Communications Inc.净利率更高（54.8% vs 41.5%，领先13.3%），Antero Midstream Corp同比增速更快（-7.3% vs -10.3%），过去两年Antero Midstream Corp的营收复合增速更高（3.9% vs -8.1%）
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。
睿宾通信公司（Ribbon Communications Inc.）主要为电信运营商、企业及关键基础设施领域提供软件、IP与光网络解决方案。公司于2017年由Genband与Sonus Networks合并成立，总部位于美国得克萨斯州普莱诺，是一家上市科技企业。
AM vs RBBN — 直观对比
营收规模更大
AM
是对方的1.8倍
$162.6M
营收增速更快
AM
高出3.0%
-10.3%
净利率更高
RBBN
高出13.3%
41.5%
两年增速更快
AM
近两年复合增速
-8.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $162.6M |
| 净利润 | $120.7M | $89.1M |
| 毛利率 | — | 42.9% |
| 营业利润率 | 60.9% | 37.6% |
| 净利率 | 41.5% | 54.8% |
| 营收同比 | -7.3% | -10.3% |
| 净利润同比 | 2.1% | — |
| 每股收益（稀释后） | $0.25 | $0.50 |
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AMRBBN
| Q1 26 | $291.1M | $162.6M | ||
| Q4 25 | $297.0M | $227.3M | ||
| Q3 25 | $294.8M | $215.4M | ||
| Q2 25 | $305.5M | $220.6M | ||
| Q1 25 | $291.1M | $181.3M | ||
| Q4 24 | $287.5M | $251.4M | ||
| Q3 24 | $269.9M | $210.2M | ||
| Q2 24 | $269.8M | $192.6M |
净利润AMRBBN
| Q1 26 | $120.7M | $89.1M | ||
| Q4 25 | $51.9M | — | ||
| Q3 25 | $116.0M | $-12.1M | ||
| Q2 25 | $124.5M | $-11.1M | ||
| Q1 25 | $120.7M | $-26.2M | ||
| Q4 24 | $111.2M | — | ||
| Q3 24 | $99.7M | $-13.4M | ||
| Q2 24 | $86.0M | $-16.8M |
毛利率AMRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | — | 53.3% | ||
| Q3 25 | — | 50.1% | ||
| Q2 25 | — | 49.6% | ||
| Q1 25 | — | 45.4% | ||
| Q4 24 | — | 55.7% | ||
| Q3 24 | — | 52.1% | ||
| Q2 24 | — | 50.8% |
营业利润率AMRBBN
| Q1 26 | 60.9% | 37.6% | ||
| Q4 25 | 33.8% | 4.1% | ||
| Q3 25 | 61.2% | 1.3% | ||
| Q2 25 | 61.0% | 1.9% | ||
| Q1 25 | 60.9% | -10.8% | ||
| Q4 24 | 61.8% | 13.2% | ||
| Q3 24 | 60.2% | -0.4% | ||
| Q2 24 | 56.6% | -1.0% |
净利率AMRBBN
| Q1 26 | 41.5% | 54.8% | ||
| Q4 25 | 17.5% | — | ||
| Q3 25 | 39.3% | -5.6% | ||
| Q2 25 | 40.8% | -5.0% | ||
| Q1 25 | 41.5% | -14.5% | ||
| Q4 24 | 38.7% | — | ||
| Q3 24 | 37.0% | -6.4% | ||
| Q2 24 | 31.9% | -8.7% |
每股收益（稀释后）AMRBBN
| Q1 26 | $0.25 | $0.50 | ||
| Q4 25 | $0.11 | $0.50 | ||
| Q3 25 | $0.24 | $-0.07 | ||
| Q2 25 | $0.26 | $-0.06 | ||
| Q1 25 | $0.25 | $-0.15 | ||
| Q4 24 | $0.23 | $0.05 | ||
| Q3 24 | $0.21 | $-0.08 | ||
| Q2 24 | $0.18 | $-0.10 |
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 | $67.6M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.0B | $419.1M |
| 总资产 | $5.9B | — |
| 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AMRBBN
| Q1 26 | $180.4M | $67.6M | ||
| Q4 25 | $180.4M | $96.4M | ||
| Q3 25 | — | $74.8M | ||
| Q2 25 | — | $60.5M | ||
| Q1 25 | — | $71.2M | ||
| Q4 24 | — | $87.8M | ||
| Q3 24 | — | $37.2M | ||
| Q2 24 | — | $64.6M |
总债务AMRBBN
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $342.1M | ||
| Q3 25 | $3.0B | $344.3M | ||
| Q2 25 | $3.0B | $346.5M | ||
| Q1 25 | $3.1B | $347.4M | ||
| Q4 24 | $3.1B | $348.3M | ||
| Q3 24 | $3.2B | $349.1M | ||
| Q2 24 | $3.2B | $350.0M |
股东权益AMRBBN
| Q1 26 | $2.0B | $419.1M | ||
| Q4 25 | $2.0B | $449.0M | ||
| Q3 25 | $2.1B | $360.1M | ||
| Q2 25 | $2.1B | $370.4M | ||
| Q1 25 | $2.1B | $381.8M | ||
| Q4 24 | $2.1B | $404.6M | ||
| Q3 24 | $2.1B | $395.5M | ||
| Q2 24 | $2.1B | $405.0M |
总资产AMRBBN
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $1.2B | ||
| Q3 25 | $5.7B | $1.1B | ||
| Q2 25 | $5.7B | $1.1B | ||
| Q1 25 | $5.8B | $1.1B | ||
| Q4 24 | $5.8B | $1.2B | ||
| Q3 24 | $5.8B | $1.1B | ||
| Q2 24 | $5.8B | $1.1B |
负债/权益比AMRBBN
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 0.76× | ||
| Q3 25 | 1.46× | 0.96× | ||
| Q2 25 | 1.45× | 0.94× | ||
| Q1 25 | 1.49× | 0.91× | ||
| Q4 24 | 1.47× | 0.86× | ||
| Q3 24 | 1.49× | 0.88× | ||
| Q2 24 | 1.50× | 0.86× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $186.9M | — |
| 自由现金流率自由现金流/营收 | 64.2% | — |
| 资本支出强度资本支出/营收 | 11.1% | — |
| 现金转化率经营现金流/净利润 | 1.65× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流AMRBBN
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $29.2M | ||
| Q3 25 | $212.8M | $26.5M | ||
| Q2 25 | $265.2M | $-795.0K | ||
| Q1 25 | $198.9M | $-3.5M | ||
| Q4 24 | $232.7M | $61.8M | ||
| Q3 24 | $184.9M | $-14.8M | ||
| Q2 24 | $215.8M | $-9.8M |
自由现金流AMRBBN
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $27.3M | ||
| Q3 25 | — | $21.0M | ||
| Q2 25 | — | $-6.5M | ||
| Q1 25 | — | $-15.7M | ||
| Q4 24 | — | $53.8M | ||
| Q3 24 | $184.3M | $-23.7M | ||
| Q2 24 | $147.2M | $-12.9M |
自由现金流率AMRBBN
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | 12.0% | ||
| Q3 25 | — | 9.7% | ||
| Q2 25 | — | -2.9% | ||
| Q1 25 | — | -8.7% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | 68.3% | -11.3% | ||
| Q2 24 | 54.6% | -6.7% |
资本支出强度AMRBBN
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 6.7% | ||
| Q4 24 | 0.0% | 3.2% | ||
| Q3 24 | 0.2% | 4.2% | ||
| Q2 24 | 25.4% | 1.6% |
现金转化率AMRBBN
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | — | ||
| Q3 25 | 1.84× | — | ||
| Q2 25 | 2.13× | — | ||
| Q1 25 | 1.65× | — | ||
| Q4 24 | 2.09× | — | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 2.51× | — |
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% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
