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Antero Midstream Corp（AM）与RPC INC（RES）财务数据对比。点击上方公司名可切换其他公司
RPC INC的季度营收约是Antero Midstream Corp的1.5倍（$425.8M vs $291.1M），Antero Midstream Corp净利率更高（41.5% vs -0.7%，领先42.2%），RPC INC同比增速更快（27.0% vs -7.3%），Antero Midstream Corp自由现金流更多（$186.9M vs $31.2M），过去两年RPC INC的营收复合增速更高（6.2% 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。
RPC集团是总部位于英国的企业，曾是欧洲规模最大的塑料包装供应商之一，总部坐落于北安普敦郡的拉什登。该公司此前在伦敦证券交易所上市，2019年被贝瑞全球集团收购，贝瑞全球集团又于2025年被安海斯包装收购。
AM vs RES — 直观对比
营收规模更大
RES
是对方的1.5倍
$291.1M
营收增速更快
RES
高出34.3%
-7.3%
净利率更高
AM
高出42.2%
-0.7%
自由现金流更多
AM
多$155.7M
$31.2M
两年增速更快
RES
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $425.8M |
| 净利润 | $120.7M | $-3.1M |
| 毛利率 | — | 21.0% |
| 营业利润率 | 60.9% | -0.9% |
| 净利率 | 41.5% | -0.7% |
| 营收同比 | -7.3% | 27.0% |
| 净利润同比 | 2.1% | -124.0% |
| 每股收益（稀释后） | $0.25 | $-0.02 |
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AMRES
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $425.8M | ||
| Q3 25 | $294.8M | $447.1M | ||
| Q2 25 | $305.5M | $420.8M | ||
| Q1 25 | $291.1M | $332.9M | ||
| Q4 24 | $287.5M | $335.4M | ||
| Q3 24 | $269.9M | $337.7M | ||
| Q2 24 | $269.8M | $364.2M |
净利润AMRES
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $-3.1M | ||
| Q3 25 | $116.0M | $13.0M | ||
| Q2 25 | $124.5M | $10.1M | ||
| Q1 25 | $120.7M | $12.0M | ||
| Q4 24 | $111.2M | $12.8M | ||
| Q3 24 | $99.7M | $18.8M | ||
| Q2 24 | $86.0M | $32.4M |
毛利率AMRES
| Q1 26 | — | — | ||
| Q4 25 | — | 21.0% | ||
| Q3 25 | — | 25.1% | ||
| Q2 25 | — | 24.5% | ||
| Q1 25 | — | 26.7% | ||
| Q4 24 | — | 25.4% | ||
| Q3 24 | — | 26.7% | ||
| Q2 24 | — | 28.0% |
营业利润率AMRES
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | -0.9% | ||
| Q3 25 | 61.2% | 4.7% | ||
| Q2 25 | 61.0% | 3.7% | ||
| Q1 25 | 60.9% | 3.7% | ||
| Q4 24 | 61.8% | 3.1% | ||
| Q3 24 | 60.2% | 5.7% | ||
| Q2 24 | 56.6% | 9.7% |
净利率AMRES
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | -0.7% | ||
| Q3 25 | 39.3% | 2.9% | ||
| Q2 25 | 40.8% | 2.4% | ||
| Q1 25 | 41.5% | 3.6% | ||
| Q4 24 | 38.7% | 3.8% | ||
| Q3 24 | 37.0% | 5.6% | ||
| Q2 24 | 31.9% | 8.9% |
每股收益（稀释后）AMRES
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $-0.02 | ||
| Q3 25 | $0.24 | $0.06 | ||
| Q2 25 | $0.26 | $0.05 | ||
| Q1 25 | $0.25 | $0.06 | ||
| Q4 24 | $0.23 | $0.06 | ||
| Q3 24 | $0.21 | $0.09 | ||
| Q2 24 | $0.18 | $0.15 |
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 | $210.0M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.0B | $1.1B |
| 总资产 | $5.9B | $1.5B |
| 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AMRES
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $210.0M | ||
| Q3 25 | — | $163.5M | ||
| Q2 25 | — | $162.1M | ||
| Q1 25 | — | $326.7M | ||
| Q4 24 | — | $326.0M | ||
| Q3 24 | — | $276.9M | ||
| Q2 24 | — | $261.5M |
总债务AMRES
| 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AMRES
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $1.1B | ||
| Q3 25 | $2.1B | $1.1B | ||
| Q2 25 | $2.1B | $1.1B | ||
| Q1 25 | $2.1B | $1.1B | ||
| Q4 24 | $2.1B | $1.1B | ||
| Q3 24 | $2.1B | $1.1B | ||
| Q2 24 | $2.1B | $1.1B |
总资产AMRES
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $1.5B | ||
| Q3 25 | $5.7B | $1.5B | ||
| Q2 25 | $5.7B | $1.5B | ||
| Q1 25 | $5.8B | $1.3B | ||
| Q4 24 | $5.8B | $1.4B | ||
| Q3 24 | $5.8B | $1.3B | ||
| Q2 24 | $5.8B | $1.3B |
负债/权益比AMRES
| 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 | $61.9M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | $31.2M |
| 自由现金流率自由现金流/营收 | 64.2% | 7.3% |
| 资本支出强度资本支出/营收 | 11.1% | 7.2% |
| 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 | — | $52.9M |
8季度趋势，按日历期对齐
经营现金流AMRES
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $61.9M | ||
| Q3 25 | $212.8M | $46.5M | ||
| Q2 25 | $265.2M | $53.1M | ||
| Q1 25 | $198.9M | $39.9M | ||
| Q4 24 | $232.7M | $94.2M | ||
| Q3 24 | $184.9M | $70.7M | ||
| Q2 24 | $215.8M | $127.9M |
自由现金流AMRES
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $31.2M | ||
| Q3 25 | — | $4.1M | ||
| Q2 25 | — | $10.0M | ||
| Q1 25 | — | $7.6M | ||
| Q4 24 | — | $53.7M | ||
| Q3 24 | $184.3M | $19.1M | ||
| Q2 24 | $147.2M | $52.9M |
自由现金流率AMRES
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | 7.3% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 16.0% | ||
| Q3 24 | 68.3% | 5.6% | ||
| Q2 24 | 54.6% | 14.5% |
资本支出强度AMRES
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 7.2% | ||
| Q3 25 | — | 9.5% | ||
| Q2 25 | — | 10.2% | ||
| Q1 25 | — | 9.7% | ||
| Q4 24 | 0.0% | 12.1% | ||
| Q3 24 | 0.2% | 15.3% | ||
| Q2 24 | 25.4% | 20.6% |
现金转化率AMRES
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | — | ||
| Q3 25 | 1.84× | 3.59× | ||
| Q2 25 | 2.13× | 5.23× | ||
| Q1 25 | 1.65× | 3.31× | ||
| Q4 24 | 2.09× | 7.38× | ||
| Q3 24 | 1.85× | 3.76× | ||
| Q2 24 | 2.51× | 3.95× |
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% |
RES
| Technical Service | $405.2M | 95% |
| Other | $8.8M | 2% |
| Nitrogen | $6.6M | 2% |
