vs
Antero Midstream Corp（AM）与RBC Bearings INC（RBC）财务数据对比。点击上方公司名可切换其他公司
RBC Bearings INC的季度营收约是Antero Midstream Corp的1.6倍（$461.6M vs $291.1M），Antero Midstream Corp净利率更高（41.5% vs 14.6%，领先26.9%），RBC Bearings INC同比增速更快（17.0% vs -7.3%），Antero Midstream Corp自由现金流更多（$186.9M vs $99.1M），过去两年RBC Bearings INC的营收复合增速更高（5.6% 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。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
AM vs RBC — 直观对比
营收规模更大
RBC
是对方的1.6倍
$291.1M
营收增速更快
RBC
高出24.4%
-7.3%
净利率更高
AM
高出26.9%
14.6%
自由现金流更多
AM
多$87.8M
$99.1M
两年增速更快
RBC
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $461.6M |
| 净利润 | $120.7M | $67.4M |
| 毛利率 | — | 44.3% |
| 营业利润率 | 60.9% | 22.3% |
| 净利率 | 41.5% | 14.6% |
| 营收同比 | -7.3% | 17.0% |
| 净利润同比 | 2.1% | 16.4% |
| 每股收益（稀释后） | $0.25 | $2.13 |
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AMRBC
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $461.6M | ||
| Q3 25 | $294.8M | $455.3M | ||
| Q2 25 | $305.5M | $436.0M | ||
| Q1 25 | $291.1M | $437.7M | ||
| Q4 24 | $287.5M | $394.4M | ||
| Q3 24 | $269.9M | $397.9M | ||
| Q2 24 | $269.8M | $406.3M |
净利润AMRBC
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $67.4M | ||
| Q3 25 | $116.0M | $60.0M | ||
| Q2 25 | $124.5M | $68.5M | ||
| Q1 25 | $120.7M | $72.7M | ||
| Q4 24 | $111.2M | $57.9M | ||
| Q3 24 | $99.7M | $54.2M | ||
| Q2 24 | $86.0M | $61.4M |
毛利率AMRBC
| Q1 26 | — | — | ||
| Q4 25 | — | 44.3% | ||
| Q3 25 | — | 44.1% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 44.3% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 45.3% |
营业利润率AMRBC
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 22.3% | ||
| Q3 25 | 61.2% | 21.5% | ||
| Q2 25 | 61.0% | 23.2% | ||
| Q1 25 | 60.9% | 23.0% | ||
| Q4 24 | 61.8% | 21.7% | ||
| Q3 24 | 60.2% | 21.6% | ||
| Q2 24 | 56.6% | 24.0% |
净利率AMRBC
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | 14.6% | ||
| Q3 25 | 39.3% | 13.2% | ||
| Q2 25 | 40.8% | 15.7% | ||
| Q1 25 | 41.5% | 16.6% | ||
| Q4 24 | 38.7% | 14.7% | ||
| Q3 24 | 37.0% | 13.6% | ||
| Q2 24 | 31.9% | 15.1% |
每股收益（稀释后）AMRBC
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $2.13 | ||
| Q3 25 | $0.24 | $1.90 | ||
| Q2 25 | $0.26 | $2.17 | ||
| Q1 25 | $0.25 | $2.33 | ||
| Q4 24 | $0.23 | $1.82 | ||
| Q3 24 | $0.21 | $1.65 | ||
| Q2 24 | $0.18 | $1.90 |
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 | $107.6M |
| 总债务越低越好 | $3.2B | $990.2M |
| 股东权益账面价值 | $2.0B | $3.3B |
| 总资产 | $5.9B | $5.1B |
| 负债/权益比越低杠杆越低 | 1.63× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资AMRBC
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $107.6M | ||
| Q3 25 | — | $91.2M | ||
| Q2 25 | — | $132.9M | ||
| Q1 25 | — | $36.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $76.8M |
总债务AMRBC
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $990.2M | ||
| Q3 25 | $3.0B | $1.1B | ||
| Q2 25 | $3.0B | $915.6M | ||
| Q1 25 | $3.1B | $920.1M | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — |
股东权益AMRBC
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $3.3B | ||
| Q3 25 | $2.1B | $3.2B | ||
| Q2 25 | $2.1B | $3.1B | ||
| Q1 25 | $2.1B | $3.0B | ||
| Q4 24 | $2.1B | $2.9B | ||
| Q3 24 | $2.1B | $2.9B | ||
| Q2 24 | $2.1B | $2.8B |
总资产AMRBC
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $5.1B | ||
| Q3 25 | $5.7B | $5.1B | ||
| Q2 25 | $5.7B | $4.8B | ||
| Q1 25 | $5.8B | $4.7B | ||
| Q4 24 | $5.8B | $4.7B | ||
| Q3 24 | $5.8B | $4.7B | ||
| Q2 24 | $5.8B | $4.7B |
负债/权益比AMRBC
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 0.30× | ||
| Q3 25 | 1.46× | 0.34× | ||
| Q2 25 | 1.45× | 0.29× | ||
| Q1 25 | 1.49× | 0.30× | ||
| 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 | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | $99.1M |
| 自由现金流率自由现金流/营收 | 64.2% | 21.5% |
| 资本支出强度资本支出/营收 | 11.1% | 5.0% |
| 现金转化率经营现金流/净利润 | 1.65× | 1.81× |
| 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AMRBC
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $122.1M | ||
| Q3 25 | $212.8M | $88.4M | ||
| Q2 25 | $265.2M | $120.0M | ||
| Q1 25 | $198.9M | — | ||
| Q4 24 | $232.7M | $84.0M | ||
| Q3 24 | $184.9M | — | ||
| Q2 24 | $215.8M | $97.4M |
自由现金流AMRBC
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $99.1M | ||
| Q3 25 | — | $71.7M | ||
| Q2 25 | — | $104.3M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $73.6M | ||
| Q3 24 | $184.3M | — | ||
| Q2 24 | $147.2M | $88.4M |
自由现金流率AMRBC
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | 21.5% | ||
| Q3 25 | — | 15.7% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 18.7% | ||
| Q3 24 | 68.3% | — | ||
| Q2 24 | 54.6% | 21.8% |
资本支出强度AMRBC
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | 0.0% | 2.6% | ||
| Q3 24 | 0.2% | 4.1% | ||
| Q2 24 | 25.4% | 2.2% |
现金转化率AMRBC
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 1.81× | ||
| Q3 25 | 1.84× | 1.47× | ||
| Q2 25 | 2.13× | 1.75× | ||
| Q1 25 | 1.65× | — | ||
| Q4 24 | 2.09× | 1.45× | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 2.51× | 1.59× |
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% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
