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Antero Midstream Corp（AM）与BRC Group Holdings, Inc.（RILY）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BRC Group Holdings, Inc.的1.5倍（$291.1M vs $188.3M），BRC Group Holdings, Inc.净利率更高（47.9% vs 41.5%，领先6.5%），Antero Midstream Corp同比增速更快（-7.3% vs -21.9%），过去两年Antero Midstream Corp的营收复合增速更高（3.9% vs -15.4%）
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。
AM vs RILY — 直观对比
营收规模更大
AM
是对方的1.5倍
$188.3M
营收增速更快
AM
高出14.5%
-21.9%
净利率更高
RILY
高出6.5%
41.5%
两年增速更快
AM
近两年复合增速
-15.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $188.3M |
| 净利润 | $120.7M | $90.3M |
| 毛利率 | — | 79.5% |
| 营业利润率 | 60.9% | 32.3% |
| 净利率 | 41.5% | 47.9% |
| 营收同比 | -7.3% | -21.9% |
| 净利润同比 | 2.1% | 1710.8% |
| 每股收益（稀释后） | $0.25 | $2.78 |
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AMRILY
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $188.3M | ||
| Q3 25 | $294.8M | $215.3M | ||
| Q2 25 | $305.5M | $188.2M | ||
| Q1 25 | $291.1M | $197.2M | ||
| Q4 24 | $287.5M | $241.0M | ||
| Q3 24 | $269.9M | $225.5M | ||
| Q2 24 | $269.8M | $256.0M |
净利润AMRILY
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $90.3M | ||
| Q3 25 | $116.0M | $91.1M | ||
| Q2 25 | $124.5M | $139.5M | ||
| Q1 25 | $120.7M | $-10.0M | ||
| Q4 24 | $111.2M | $-5.6M | ||
| Q3 24 | $99.7M | $-284.4M | ||
| Q2 24 | $86.0M | $-433.6M |
毛利率AMRILY
| Q1 26 | — | — | ||
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 83.7% | ||
| Q2 25 | — | 81.3% | ||
| Q1 25 | — | 81.4% | ||
| Q4 24 | — | 79.8% | ||
| Q3 24 | — | 82.1% | ||
| Q2 24 | — | 84.5% |
营业利润率AMRILY
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 32.3% | ||
| Q3 25 | 61.2% | 30.4% | ||
| Q2 25 | 61.0% | 5.7% | ||
| Q1 25 | 60.9% | -31.2% | ||
| Q4 24 | 61.8% | -69.2% | ||
| Q3 24 | 60.2% | -36.4% | ||
| Q2 24 | 56.6% | -90.8% |
净利率AMRILY
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | 47.9% | ||
| Q3 25 | 39.3% | 42.3% | ||
| Q2 25 | 40.8% | 74.1% | ||
| Q1 25 | 41.5% | -5.1% | ||
| Q4 24 | 38.7% | -2.3% | ||
| Q3 24 | 37.0% | -126.1% | ||
| Q2 24 | 31.9% | -169.4% |
每股收益（稀释后）AMRILY
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $2.78 | ||
| Q3 25 | $0.24 | $2.91 | ||
| Q2 25 | $0.26 | $4.50 | ||
| Q1 25 | $0.25 | $-0.39 | ||
| Q4 24 | $0.23 | $-0.01 | ||
| Q3 24 | $0.21 | $-9.39 | ||
| Q2 24 | $0.18 | $-14.35 |
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 | $226.6M |
| 总债务越低越好 | $3.2B | $1.4B |
| 股东权益账面价值 | $2.0B | $-171.5M |
| 总资产 | $5.9B | $1.7B |
| 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AMRILY
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $226.6M | ||
| Q3 25 | — | $184.2M | ||
| Q2 25 | — | $267.4M | ||
| Q1 25 | — | $138.3M | ||
| Q4 24 | — | $146.9M | ||
| Q3 24 | — | $159.2M | ||
| Q2 24 | — | $236.9M |
总债务AMRILY
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $1.4B | ||
| Q3 25 | $3.0B | $1.3B | ||
| Q2 25 | $3.0B | $1.3B | ||
| Q1 25 | $3.1B | $1.4B | ||
| Q4 24 | $3.1B | $1.5B | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — |
股东权益AMRILY
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $-171.5M | ||
| Q3 25 | $2.1B | $-260.5M | ||
| Q2 25 | $2.1B | $-351.7M | ||
| Q1 25 | $2.1B | $-496.8M | ||
| Q4 24 | $2.1B | $-488.2M | ||
| Q3 24 | $2.1B | $-497.6M | ||
| Q2 24 | $2.1B | $-218.3M |
总资产AMRILY
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $1.7B | ||
| Q3 25 | $5.7B | $1.7B | ||
| Q2 25 | $5.7B | $1.5B | ||
| Q1 25 | $5.8B | $1.5B | ||
| Q4 24 | $5.8B | $1.8B | ||
| Q3 24 | $5.8B | $2.2B | ||
| Q2 24 | $5.8B | $3.2B |
负债/权益比AMRILY
| 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 | $26.2M |
| 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× | 0.29× |
| 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AMRILY
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $26.2M | ||
| Q3 25 | $212.8M | $-60.6M | ||
| Q2 25 | $265.2M | $-25.6M | ||
| Q1 25 | $198.9M | $184.0K | ||
| Q4 24 | $232.7M | $-2.7M | ||
| Q3 24 | $184.9M | $19.5M | ||
| Q2 24 | $215.8M | $111.5M |
自由现金流AMRILY
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $184.3M | — | ||
| Q2 24 | $147.2M | — |
自由现金流率AMRILY
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 68.3% | — | ||
| Q2 24 | 54.6% | — |
资本支出强度AMRILY
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 25.4% | — |
现金转化率AMRILY
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 0.29× | ||
| Q3 25 | 1.84× | -0.66× | ||
| Q2 25 | 2.13× | -0.18× | ||
| 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% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
