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Antero Midstream Corp（AM）与RAYONIER INC（RYN）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RAYONIER INC的1.1倍（$291.1M vs $276.8M），Antero Midstream Corp净利率更高（41.5% vs -4.5%，领先46.0%），RAYONIER INC同比增速更快（233.9% vs -7.3%），过去两年RAYONIER INC的营收复合增速更高（66.7% 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。
Rayonier Inc.是总部位于佛罗里达州怀尔德莱特的林地房地产投资信托（REIT），资产分布在美国和新西兰的软木种植区域，核心业务板块为木材业务与房地产业务。
AM vs RYN — 直观对比
营收规模更大
AM
是对方的1.1倍
$276.8M
营收增速更快
RYN
高出241.2%
-7.3%
净利率更高
AM
高出46.0%
-4.5%
两年增速更快
RYN
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $276.8M |
| 净利润 | $120.7M | $-12.4M |
| 毛利率 | — | 100.0% |
| 营业利润率 | 60.9% | — |
| 净利率 | 41.5% | -4.5% |
| 营收同比 | -7.3% | 233.9% |
| 净利润同比 | 2.1% | -264.7% |
| 每股收益（稀释后） | $0.25 | — |
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AMRYN
| Q1 26 | $291.1M | $276.8M | ||
| Q4 25 | $297.0M | $117.5M | ||
| Q3 25 | $294.8M | $177.5M | ||
| Q2 25 | $305.5M | $106.5M | ||
| Q1 25 | $291.1M | $82.9M | ||
| Q4 24 | $287.5M | $650.5M | ||
| Q3 24 | $269.9M | $124.1M | ||
| Q2 24 | $269.8M | $99.6M |
净利润AMRYN
| Q1 26 | $120.7M | $-12.4M | ||
| Q4 25 | $51.9M | $25.9M | ||
| Q3 25 | $116.0M | $43.2M | ||
| Q2 25 | $124.5M | $408.7M | ||
| Q1 25 | $120.7M | $-3.4M | ||
| Q4 24 | $111.2M | $327.1M | ||
| Q3 24 | $99.7M | $28.8M | ||
| Q2 24 | $86.0M | $1.9M |
毛利率AMRYN
| Q1 26 | — | 100.0% | ||
| Q4 25 | — | 41.9% | ||
| Q3 25 | — | 32.9% | ||
| Q2 25 | — | 29.7% | ||
| Q1 25 | — | 21.7% | ||
| Q4 24 | — | 53.8% | ||
| Q3 24 | — | 30.4% | ||
| Q2 24 | — | 25.4% |
营业利润率AMRYN
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 23.0% | ||
| Q3 25 | 61.2% | 23.5% | ||
| Q2 25 | 61.0% | 13.7% | ||
| Q1 25 | 60.9% | 0.1% | ||
| Q4 24 | 61.8% | 47.7% | ||
| Q3 24 | 60.2% | 15.2% | ||
| Q2 24 | 56.6% | 4.6% |
净利率AMRYN
| Q1 26 | 41.5% | -4.5% | ||
| Q4 25 | 17.5% | 22.1% | ||
| Q3 25 | 39.3% | 24.3% | ||
| Q2 25 | 40.8% | 383.6% | ||
| Q1 25 | 41.5% | -4.1% | ||
| Q4 24 | 38.7% | 45.1% | ||
| Q3 24 | 37.0% | 23.2% | ||
| Q2 24 | 31.9% | 1.9% |
每股收益（稀释后）AMRYN
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $0.14 | ||
| Q3 25 | $0.24 | $0.28 | ||
| Q2 25 | $0.26 | $2.63 | ||
| Q1 25 | $0.25 | $-0.02 | ||
| Q4 24 | $0.23 | $2.18 | ||
| Q3 24 | $0.21 | $0.19 | ||
| Q2 24 | $0.18 | $0.01 |
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 | $681.7M |
| 总债务越低越好 | $3.2B | $2.1B |
| 股东权益账面价值 | $2.0B | $5.3B |
| 总资产 | $5.9B | $7.7B |
| 负债/权益比越低杠杆越低 | 1.63× | 0.39× |
8季度趋势，按日历期对齐
现金及短期投资AMRYN
| Q1 26 | $180.4M | $681.7M | ||
| Q4 25 | $180.4M | $842.9M | ||
| Q3 25 | — | $919.6M | ||
| Q2 25 | — | $892.3M | ||
| Q1 25 | — | $216.2M | ||
| Q4 24 | — | $303.1M | ||
| Q3 24 | — | $51.9M | ||
| Q2 24 | — | $120.2M |
总债务AMRYN
| Q1 26 | $3.2B | $2.1B | ||
| Q4 25 | $3.2B | $845.3M | ||
| Q3 25 | $3.0B | $845.1M | ||
| Q2 25 | $3.0B | $844.9M | ||
| Q1 25 | $3.1B | $1.0B | ||
| Q4 24 | $3.1B | $1.0B | ||
| Q3 24 | $3.2B | $1.3B | ||
| Q2 24 | $3.2B | $1.4B |
股东权益AMRYN
| Q1 26 | $2.0B | $5.3B | ||
| Q4 25 | $2.0B | $2.2B | ||
| Q3 25 | $2.1B | $2.3B | ||
| Q2 25 | $2.1B | $2.3B | ||
| Q1 25 | $2.1B | $1.9B | ||
| Q4 24 | $2.1B | $1.8B | ||
| Q3 24 | $2.1B | $1.8B | ||
| Q2 24 | $2.1B | $1.8B |
总资产AMRYN
| Q1 26 | $5.9B | $7.7B | ||
| Q4 25 | $5.9B | $3.4B | ||
| Q3 25 | $5.7B | $3.5B | ||
| Q2 25 | $5.7B | $3.5B | ||
| Q1 25 | $5.8B | $3.4B | ||
| Q4 24 | $5.8B | $3.5B | ||
| Q3 24 | $5.8B | $3.5B | ||
| Q2 24 | $5.8B | $3.5B |
负债/权益比AMRYN
| Q1 26 | 1.63× | 0.39× | ||
| Q4 25 | 1.63× | 0.38× | ||
| Q3 25 | 1.46× | 0.37× | ||
| Q2 25 | 1.45× | 0.37× | ||
| Q1 25 | 1.49× | 0.55× | ||
| Q4 24 | 1.47× | 0.59× | ||
| Q3 24 | 1.49× | 0.72× | ||
| Q2 24 | 1.50× | 0.75× |
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 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 11.1% | 7.4% |
| 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AMRYN
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $256.7M | ||
| Q3 25 | $212.8M | $116.2M | ||
| Q2 25 | $265.2M | $61.0M | ||
| Q1 25 | $198.9M | $27.7M | ||
| Q4 24 | $232.7M | $261.6M | ||
| Q3 24 | $184.9M | $66.2M | ||
| Q2 24 | $215.8M | $55.3M |
自由现金流AMRYN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $99.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $184.3M | $42.2M | ||
| Q2 24 | $147.2M | — |
自由现金流率AMRYN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 56.3% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 68.3% | 34.0% | ||
| Q2 24 | 54.6% | — |
资本支出强度AMRYN
| Q1 26 | 11.1% | 7.4% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 9.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.2% | 19.3% | ||
| Q2 24 | 25.4% | — |
现金转化率AMRYN
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 9.91× | ||
| Q3 25 | 1.84× | 2.69× | ||
| Q2 25 | 2.13× | 0.15× | ||
| Q1 25 | 1.65× | — | ||
| Q4 24 | 2.09× | 0.80× | ||
| Q3 24 | 1.85× | 2.30× | ||
| Q2 24 | 2.51× | 29.07× |
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% |
RYN
| Wood Products | $108.5M | 39% |
| Southern Timber | $88.7M | 32% |
| Real Estate | $59.8M | 22% |
| Northwest Timber | $32.1M | 12% |
