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Antero Midstream Corp（AM）与Simpson Manufacturing Co., Inc.（SSD）财务数据对比。点击上方公司名可切换其他公司
Simpson Manufacturing Co., Inc.的季度营收约是Antero Midstream Corp的1.9倍（$539.3M vs $291.1M），Antero Midstream Corp净利率更高（41.5% vs 10.4%，领先31.0%），Simpson Manufacturing Co., Inc.同比增速更快（4.2% vs -7.3%），Antero Midstream Corp自由现金流更多（$186.9M vs $119.0M），过去两年Antero Midstream Corp的营收复合增速更高（3.9% vs 0.8%）
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。
辛普森制造是美国领先的建筑材料生产企业，主营面向新建建筑及改造翻新项目的结构连接件、紧固件、锚固件等专业产品，在建筑配套材料领域具备深厚的技术积累与较高的市场认可度。
AM vs SSD — 直观对比
营收规模更大
SSD
是对方的1.9倍
$291.1M
营收增速更快
SSD
高出11.6%
-7.3%
净利率更高
AM
高出31.0%
10.4%
自由现金流更多
AM
多$67.9M
$119.0M
两年增速更快
AM
近两年复合增速
0.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $539.3M |
| 净利润 | $120.7M | $56.2M |
| 毛利率 | — | 43.4% |
| 营业利润率 | 60.9% | 13.9% |
| 净利率 | 41.5% | 10.4% |
| 营收同比 | -7.3% | 4.2% |
| 净利润同比 | 2.1% | 1.4% |
| 每股收益（稀释后） | $0.25 | $1.34 |
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AMSSD
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $539.3M | ||
| Q3 25 | $294.8M | $623.5M | ||
| Q2 25 | $305.5M | $631.1M | ||
| Q1 25 | $291.1M | $538.9M | ||
| Q4 24 | $287.5M | $517.4M | ||
| Q3 24 | $269.9M | $587.2M | ||
| Q2 24 | $269.8M | $597.0M |
净利润AMSSD
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $56.2M | ||
| Q3 25 | $116.0M | $107.4M | ||
| Q2 25 | $124.5M | $103.5M | ||
| Q1 25 | $120.7M | $77.9M | ||
| Q4 24 | $111.2M | $55.4M | ||
| Q3 24 | $99.7M | $93.5M | ||
| Q2 24 | $86.0M | $97.8M |
毛利率AMSSD
| Q1 26 | — | — | ||
| Q4 25 | — | 43.4% | ||
| Q3 25 | — | 46.4% | ||
| Q2 25 | — | 46.7% | ||
| Q1 25 | — | 46.8% | ||
| Q4 24 | — | 44.0% | ||
| Q3 24 | — | 46.8% | ||
| Q2 24 | — | 46.7% |
营业利润率AMSSD
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 13.9% | ||
| Q3 25 | 61.2% | 22.6% | ||
| Q2 25 | 61.0% | 22.2% | ||
| Q1 25 | 60.9% | 19.0% | ||
| Q4 24 | 61.8% | 14.8% | ||
| Q3 24 | 60.2% | 21.3% | ||
| Q2 24 | 56.6% | 22.1% |
净利率AMSSD
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | 10.4% | ||
| Q3 25 | 39.3% | 17.2% | ||
| Q2 25 | 40.8% | 16.4% | ||
| Q1 25 | 41.5% | 14.5% | ||
| Q4 24 | 38.7% | 10.7% | ||
| Q3 24 | 37.0% | 15.9% | ||
| Q2 24 | 31.9% | 16.4% |
每股收益（稀释后）AMSSD
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $1.34 | ||
| Q3 25 | $0.24 | $2.58 | ||
| Q2 25 | $0.26 | $2.47 | ||
| Q1 25 | $0.25 | $1.85 | ||
| Q4 24 | $0.23 | $1.31 | ||
| Q3 24 | $0.21 | $2.21 | ||
| Q2 24 | $0.18 | $2.31 |
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 | $384.1M |
| 总债务越低越好 | $3.2B | $300.0M |
| 股东权益账面价值 | $2.0B | $2.0B |
| 总资产 | $5.9B | $3.1B |
| 负债/权益比越低杠杆越低 | 1.63× | 0.15× |
8季度趋势，按日历期对齐
现金及短期投资AMSSD
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $384.1M | ||
| Q3 25 | — | $297.3M | ||
| Q2 25 | — | $190.4M | ||
| Q1 25 | — | $150.3M | ||
| Q4 24 | — | $239.4M | ||
| Q3 24 | — | $339.4M | ||
| Q2 24 | — | $354.9M |
总债务AMSSD
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $300.0M | ||
| Q3 25 | $3.0B | $371.3M | ||
| Q2 25 | $3.0B | $376.9M | ||
| Q1 25 | $3.1B | $382.5M | ||
| Q4 24 | $3.1B | $388.1M | ||
| Q3 24 | $3.2B | $393.8M | ||
| Q2 24 | $3.2B | $399.4M |
股东权益AMSSD
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $2.0B | ||
| Q3 25 | $2.1B | $2.0B | ||
| Q2 25 | $2.1B | $1.9B | ||
| Q1 25 | $2.1B | $1.9B | ||
| Q4 24 | $2.1B | $1.8B | ||
| Q3 24 | $2.1B | $1.9B | ||
| Q2 24 | $2.1B | $1.8B |
总资产AMSSD
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $3.1B | ||
| Q3 25 | $5.7B | $3.0B | ||
| Q2 25 | $5.7B | $3.0B | ||
| Q1 25 | $5.8B | $2.8B | ||
| Q4 24 | $5.8B | $2.7B | ||
| Q3 24 | $5.8B | $2.9B | ||
| Q2 24 | $5.8B | $2.8B |
负债/权益比AMSSD
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 0.15× | ||
| Q3 25 | 1.46× | 0.19× | ||
| Q2 25 | 1.45× | 0.20× | ||
| Q1 25 | 1.49× | 0.21× | ||
| Q4 24 | 1.47× | 0.21× | ||
| Q3 24 | 1.49× | 0.21× | ||
| Q2 24 | 1.50× | 0.23× |
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 | $155.7M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | $119.0M |
| 自由现金流率自由现金流/营收 | 64.2% | 22.1% |
| 资本支出强度资本支出/营收 | 11.1% | 6.8% |
| 现金转化率经营现金流/净利润 | 1.65× | 2.77× |
| 过去12个月自由现金流最近4个季度 | — | $297.6M |
8季度趋势，按日历期对齐
经营现金流AMSSD
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $155.7M | ||
| Q3 25 | $212.8M | $170.2M | ||
| Q2 25 | $265.2M | $125.2M | ||
| Q1 25 | $198.9M | $7.6M | ||
| Q4 24 | $232.7M | $115.8M | ||
| Q3 24 | $184.9M | $103.3M | ||
| Q2 24 | $215.8M | $111.1M |
自由现金流AMSSD
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $119.0M | ||
| Q3 25 | — | $133.9M | ||
| Q2 25 | — | $87.3M | ||
| Q1 25 | — | $-42.6M | ||
| Q4 24 | — | $60.3M | ||
| Q3 24 | $184.3M | $58.1M | ||
| Q2 24 | $147.2M | $70.9M |
自由现金流率AMSSD
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | 22.1% | ||
| Q3 25 | — | 21.5% | ||
| Q2 25 | — | 13.8% | ||
| Q1 25 | — | -7.9% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | 68.3% | 9.9% | ||
| Q2 24 | 54.6% | 11.9% |
资本支出强度AMSSD
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 6.8% | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | — | 6.0% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | 0.0% | 10.7% | ||
| Q3 24 | 0.2% | 7.7% | ||
| Q2 24 | 25.4% | 6.7% |
现金转化率AMSSD
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 2.77× | ||
| Q3 25 | 1.84× | 1.58× | ||
| Q2 25 | 2.13× | 1.21× | ||
| Q1 25 | 1.65× | 0.10× | ||
| Q4 24 | 2.09× | 2.09× | ||
| Q3 24 | 1.85× | 1.10× | ||
| Q2 24 | 2.51× | 1.14× |
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% |
SSD
| Wood Construction | $352.0M | 65% |
| Other | $122.4M | 23% |
| Concrete Construction | $64.6M | 12% |
| Other Products | $318.0K | 0% |
