vs
Antero Midstream Corp（AM）与印度钢铁管理局（SAIL）财务数据对比。点击上方公司名可切换其他公司
Antero Midstream Corp的季度营收约是印度钢铁管理局的1.1倍（$297.0M vs $281.9M），Antero Midstream Corp净利率更高（17.5% vs -12.8%，领先30.2%），印度钢铁管理局同比增速更快（6.7% vs 3.3%）
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。
印度钢铁管理局（SAIL）是总部位于新德里的印度公营钢铁制造企业，属印度最高级别的“马哈拉特纳”中央公共部门企业，是印度最大的国有钢铁生产商，年钢铁产量达1829万吨，1973年1月24日成立，现有员工5.1万余名，由印度钢铁部行政管理。
AM vs SAIL — 直观对比
营收规模更大
AM
是对方的1.1倍
$281.9M
营收增速更快
SAIL
高出3.3%
3.3%
净利率更高
AM
高出30.2%
-12.8%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $297.0M | $281.9M |
| 净利润 | $51.9M | $-36.0M |
| 毛利率 | — | 66.3% |
| 营业利润率 | 33.8% | -14.8% |
| 净利率 | 17.5% | -12.8% |
| 营收同比 | 3.3% | 6.7% |
| 净利润同比 | -53.3% | -240.9% |
| 每股收益（稀释后） | $0.11 | $-0.06 |
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AMSAIL
| Q4 25 | $297.0M | $281.9M | ||
| Q3 25 | $294.8M | $264.4M | ||
| Q2 25 | $305.5M | $230.5M | ||
| Q1 25 | $291.1M | $240.1M | ||
| Q4 24 | $287.5M | — | ||
| Q3 24 | $269.9M | $198.6M | ||
| Q2 24 | $269.8M | $187.7M | ||
| Q1 24 | $279.1M | — |
净利润AMSAIL
| Q4 25 | $51.9M | $-36.0M | ||
| Q3 25 | $116.0M | $-10.6M | ||
| Q2 25 | $124.5M | $-187.3M | ||
| Q1 25 | $120.7M | $-80.1M | ||
| Q4 24 | $111.2M | — | ||
| Q3 24 | $99.7M | $-87.1M | ||
| Q2 24 | $86.0M | $-89.2M | ||
| Q1 24 | $103.9M | — |
毛利率AMSAIL
| Q4 25 | — | 66.3% | ||
| Q3 25 | — | 67.3% | ||
| Q2 25 | — | 55.4% | ||
| Q1 25 | — | 66.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 62.1% | ||
| Q2 24 | — | 61.5% | ||
| Q1 24 | — | — |
营业利润率AMSAIL
| Q4 25 | 33.8% | -14.8% | ||
| Q3 25 | 61.2% | -15.4% | ||
| Q2 25 | 61.0% | -80.3% | ||
| Q1 25 | 60.9% | -12.6% | ||
| Q4 24 | 61.8% | — | ||
| Q3 24 | 60.2% | -33.2% | ||
| Q2 24 | 56.6% | -36.3% | ||
| Q1 24 | 59.6% | — |
净利率AMSAIL
| Q4 25 | 17.5% | -12.8% | ||
| Q3 25 | 39.3% | -4.0% | ||
| Q2 25 | 40.8% | -81.3% | ||
| Q1 25 | 41.5% | -33.4% | ||
| Q4 24 | 38.7% | — | ||
| Q3 24 | 37.0% | -43.9% | ||
| Q2 24 | 31.9% | -47.5% | ||
| Q1 24 | 37.2% | — |
每股收益（稀释后）AMSAIL
| Q4 25 | $0.11 | $-0.06 | ||
| Q3 25 | $0.24 | $-0.02 | ||
| Q2 25 | $0.26 | $-0.42 | ||
| Q1 25 | $0.25 | $-6.50 | ||
| Q4 24 | $0.23 | — | ||
| Q3 24 | $0.21 | $-2.97 | ||
| Q2 24 | $0.18 | $-0.77 | ||
| Q1 24 | $0.21 | — |
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 | $298.1M |
| 总债务越低越好 | $3.2B | $0 |
| 股东权益账面价值 | $2.0B | $6.8B |
| 总资产 | $5.9B | $7.5B |
| 负债/权益比越低杠杆越低 | 1.63× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资AMSAIL
| Q4 25 | $180.4M | $298.1M | ||
| Q3 25 | — | $271.1M | ||
| Q2 25 | — | $228.1M | ||
| Q1 25 | — | $121.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $89.7M | ||
| Q2 24 | — | $146.8M | ||
| Q1 24 | $26.1M | — |
总债务AMSAIL
| Q4 25 | $3.2B | $0 | ||
| Q3 25 | $3.0B | $0 | ||
| Q2 25 | $3.0B | $0 | ||
| Q1 25 | $3.1B | $1.0B | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — | ||
| Q1 24 | $3.2B | — |
股东权益AMSAIL
| Q4 25 | $2.0B | $6.8B | ||
| Q3 25 | $2.1B | $6.8B | ||
| Q2 25 | $2.1B | $6.8B | ||
| Q1 25 | $2.1B | $-5.6B | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.1B | $-701.3M | ||
| Q2 24 | $2.1B | $-622.5M | ||
| Q1 24 | $2.2B | — |
总资产AMSAIL
| Q4 25 | $5.9B | $7.5B | ||
| Q3 25 | $5.7B | $7.4B | ||
| Q2 25 | $5.7B | $7.4B | ||
| Q1 25 | $5.8B | $7.4B | ||
| Q4 24 | $5.8B | — | ||
| Q3 24 | $5.8B | — | ||
| Q2 24 | $5.8B | — | ||
| Q1 24 | $5.7B | — |
负债/权益比AMSAIL
| Q4 25 | 1.63× | 0.00× | ||
| Q3 25 | 1.46× | 0.00× | ||
| Q2 25 | 1.45× | 0.00× | ||
| Q1 25 | 1.49× | — | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | 1.49× | — | ||
| Q2 24 | 1.50× | — | ||
| Q1 24 | 1.48× | — |
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 | $255.5M | $53.6M |
| 自由现金流经营现金流 - 资本支出 | — | $52.5M |
| 自由现金流率自由现金流/营收 | — | 18.6% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 现金转化率经营现金流/净利润 | 4.92× | — |
| 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AMSAIL
| Q4 25 | $255.5M | $53.6M | ||
| Q3 25 | $212.8M | $49.9M | ||
| Q2 25 | $265.2M | $-96.8M | ||
| Q1 25 | $198.9M | — | ||
| Q4 24 | $232.7M | — | ||
| Q3 24 | $184.9M | — | ||
| Q2 24 | $215.8M | $-55.4M | ||
| Q1 24 | $210.6M | — |
自由现金流AMSAIL
| Q4 25 | — | $52.5M | ||
| Q3 25 | — | $49.0M | ||
| Q2 25 | — | $-99.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $184.3M | — | ||
| Q2 24 | $147.2M | $-56.0M | ||
| Q1 24 | $208.5M | — |
自由现金流率AMSAIL
| Q4 25 | — | 18.6% | ||
| Q3 25 | — | 18.5% | ||
| Q2 25 | — | -43.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 68.3% | — | ||
| Q2 24 | 54.6% | -29.8% | ||
| Q1 24 | 74.7% | — |
资本支出强度AMSAIL
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 25.4% | 0.3% | ||
| Q1 24 | 0.7% | — |
现金转化率AMSAIL
| 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× | — | ||
| Q1 24 | 2.03× | — |
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 Low Pressure | $114.2M | 38% |
| Natural Gas Water Handling And Treatment Affiliate | $63.2M | 21% |
| Water Handling | $55.7M | 19% |
| Fresh Water Delivery | $37.2M | 13% |
| Other Fluid Handling | $26.9M | 9% |
SAIL
| Software As A Service Saa S | $156.0M | 55% |
| Term Subscriptions Services | $65.1M | 23% |
| Maintenance | $38.0M | 13% |
| Other | $15.7M | 6% |
| Other Subscription Services | $7.1M | 3% |
