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Antero Midstream Corp（AM）与全食超市（SMPL）财务数据对比。点击上方公司名可切换其他公司
全食超市的季度营收约是Antero Midstream Corp的1.1倍（$340.2M vs $297.0M），Antero Midstream Corp净利率更高（17.5% vs 7.4%，领先10.1%），Antero Midstream Corp同比增速更快（3.3% vs -0.3%），过去两年Antero Midstream Corp的营收复合增速更高（3.2% vs 3.0%）
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。
全食超市是总部位于美国得克萨斯州奥斯汀的跨国连锁超市，现为亚马逊全资旗下品牌。门店主打无氢化脂肪、人工色素、人工香精、防腐剂的天然食品，是美国农业部认证的有机食品零售商，以丰富的有机商品选择深受消费者欢迎。
AM vs SMPL — 直观对比
营收规模更大
SMPL
是对方的1.1倍
$297.0M
营收增速更快
AM
高出3.6%
-0.3%
净利率更高
AM
高出10.1%
7.4%
两年增速更快
AM
近两年复合增速
3.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $297.0M | $340.2M |
| 净利润 | $51.9M | $25.3M |
| 毛利率 | — | 32.3% |
| 营业利润率 | 33.8% | 11.0% |
| 净利率 | 17.5% | 7.4% |
| 营收同比 | 3.3% | -0.3% |
| 净利润同比 | -53.3% | -33.7% |
| 每股收益（稀释后） | $0.11 | $0.26 |
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AMSMPL
| Q4 25 | $297.0M | $340.2M | ||
| Q3 25 | $294.8M | — | ||
| Q2 25 | $305.5M | $381.0M | ||
| Q1 25 | $291.1M | — | ||
| Q4 24 | $287.5M | $341.3M | ||
| Q3 24 | $269.9M | $375.7M | ||
| Q2 24 | $269.8M | $334.8M | ||
| Q1 24 | $279.1M | $312.2M |
净利润AMSMPL
| Q4 25 | $51.9M | $25.3M | ||
| Q3 25 | $116.0M | — | ||
| Q2 25 | $124.5M | $41.1M | ||
| Q1 25 | $120.7M | — | ||
| Q4 24 | $111.2M | $38.1M | ||
| Q3 24 | $99.7M | $29.3M | ||
| Q2 24 | $86.0M | $41.3M | ||
| Q1 24 | $103.9M | $33.1M |
毛利率AMSMPL
| Q4 25 | — | 32.3% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 36.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 38.2% | ||
| Q3 24 | — | 38.8% | ||
| Q2 24 | — | 39.9% | ||
| Q1 24 | — | 37.4% |
营业利润率AMSMPL
| Q4 25 | 33.8% | 11.0% | ||
| Q3 25 | 61.2% | — | ||
| Q2 25 | 61.0% | 15.6% | ||
| Q1 25 | 60.9% | — | ||
| Q4 24 | 61.8% | 16.0% | ||
| Q3 24 | 60.2% | 12.7% | ||
| Q2 24 | 56.6% | 17.6% | ||
| Q1 24 | 59.6% | 15.4% |
净利率AMSMPL
| Q4 25 | 17.5% | 7.4% | ||
| Q3 25 | 39.3% | — | ||
| Q2 25 | 40.8% | 10.8% | ||
| Q1 25 | 41.5% | — | ||
| Q4 24 | 38.7% | 11.2% | ||
| Q3 24 | 37.0% | 7.8% | ||
| Q2 24 | 31.9% | 12.3% | ||
| Q1 24 | 37.2% | 10.6% |
每股收益（稀释后）AMSMPL
| Q4 25 | $0.11 | $0.26 | ||
| Q3 25 | $0.24 | — | ||
| Q2 25 | $0.26 | $0.40 | ||
| Q1 25 | $0.25 | — | ||
| Q4 24 | $0.23 | $0.38 | ||
| Q3 24 | $0.21 | $0.29 | ||
| Q2 24 | $0.18 | $0.41 | ||
| Q1 24 | $0.21 | $0.33 |
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 | $194.1M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.0B | $1.7B |
| 总资产 | $5.9B | $2.5B |
| 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AMSMPL
| Q4 25 | $180.4M | $194.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $98.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $121.8M | ||
| Q3 24 | — | $132.5M | ||
| Q2 24 | — | $208.7M | ||
| Q1 24 | $26.1M | $135.9M |
总债务AMSMPL
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.1B | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.2B | $397.5M | ||
| Q2 24 | $3.2B | $237.7M | ||
| Q1 24 | $3.2B | $237.7M |
股东权益AMSMPL
| Q4 25 | $2.0B | $1.7B | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.1B | $1.8B | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.1B | $1.8B | ||
| Q3 24 | $2.1B | $1.7B | ||
| Q2 24 | $2.1B | $1.7B | ||
| Q1 24 | $2.2B | $1.6B |
总资产AMSMPL
| Q4 25 | $5.9B | $2.5B | ||
| Q3 25 | $5.7B | — | ||
| Q2 25 | $5.7B | $2.4B | ||
| Q1 25 | $5.8B | — | ||
| Q4 24 | $5.8B | $2.4B | ||
| Q3 24 | $5.8B | $2.4B | ||
| Q2 24 | $5.8B | $2.2B | ||
| Q1 24 | $5.7B | $2.1B |
负债/权益比AMSMPL
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.46× | — | ||
| Q2 25 | 1.45× | — | ||
| Q1 25 | 1.49× | — | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | 1.49× | 0.23× | ||
| Q2 24 | 1.50× | 0.14× | ||
| Q1 24 | 1.48× | 0.14× |
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 | $50.1M |
| 自由现金流经营现金流 - 资本支出 | — | $48.0M |
| 自由现金流率自由现金流/营收 | — | 14.1% |
| 资本支出强度资本支出/营收 | — | 0.6% |
| 现金转化率经营现金流/净利润 | 4.92× | 1.98× |
| 过去12个月自由现金流最近4个季度 | — | $223.6M |
8季度趋势，按日历期对齐
经营现金流AMSMPL
| Q4 25 | $255.5M | $50.1M | ||
| Q3 25 | $212.8M | — | ||
| Q2 25 | $265.2M | $101.1M | ||
| Q1 25 | $198.9M | — | ||
| Q4 24 | $232.7M | $32.0M | ||
| Q3 24 | $184.9M | $48.9M | ||
| Q2 24 | $215.8M | $72.8M | ||
| Q1 24 | $210.6M | $46.5M |
自由现金流AMSMPL
| Q4 25 | — | $48.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $98.9M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $31.7M | ||
| Q3 24 | $184.3M | $45.0M | ||
| Q2 24 | $147.2M | $72.0M | ||
| Q1 24 | $208.5M | $46.1M |
自由现金流率AMSMPL
| Q4 25 | — | 14.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 25.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 9.3% | ||
| Q3 24 | 68.3% | 12.0% | ||
| Q2 24 | 54.6% | 21.5% | ||
| Q1 24 | 74.7% | 14.8% |
资本支出强度AMSMPL
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.0% | 0.1% | ||
| Q3 24 | 0.2% | 1.0% | ||
| Q2 24 | 25.4% | 0.2% | ||
| Q1 24 | 0.7% | 0.1% |
现金转化率AMSMPL
| Q4 25 | 4.92× | 1.98× | ||
| Q3 25 | 1.84× | — | ||
| Q2 25 | 2.13× | 2.46× | ||
| Q1 25 | 1.65× | — | ||
| Q4 24 | 2.09× | 0.84× | ||
| Q3 24 | 1.85× | 1.67× | ||
| Q2 24 | 2.51× | 1.76× | ||
| Q1 24 | 2.03× | 1.40× |
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% |
SMPL
| Quest | $211.4M | 62% |
| Atkins Domain | $79.7M | 23% |
| OWYN | $28.1M | 8% |
| Other | $20.9M | 6% |
