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Antero Midstream Corp（AM）与STARWOOD PROPERTY TRUST, INC.（STWD）财务数据对比。点击上方公司名可切换其他公司
STARWOOD PROPERTY TRUST, INC.的季度营收约是Antero Midstream Corp的1.7倍（$492.9M vs $291.1M），Antero Midstream Corp净利率更高（41.5% vs 19.7%，领先21.8%），STARWOOD PROPERTY TRUST, INC.同比增速更快（8.5% vs -7.3%），过去两年Antero Midstream Corp的营收复合增速更高（3.9% vs -2.9%）
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。
喜达屋酒店及度假村国际集团是全球规模最大的酒店企业之一，业务涵盖酒店、度假村、水疗中心、住宅及度假产权物业的持有、运营、特许经营与管理。集团前身为1969年成立的房地产投资信托基金，1995年完成收购重组，旗下共11个品牌，管理及特许经营的物业共计1297处。
AM vs STWD — 直观对比
营收规模更大
STWD
是对方的1.7倍
$291.1M
营收增速更快
STWD
高出15.8%
-7.3%
净利率更高
AM
高出21.8%
19.7%
两年增速更快
AM
近两年复合增速
-2.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $492.9M |
| 净利润 | $120.7M | $96.9M |
| 毛利率 | — | — |
| 营业利润率 | 60.9% | 26.6% |
| 净利率 | 41.5% | 19.7% |
| 营收同比 | -7.3% | 8.5% |
| 净利润同比 | 2.1% | 87.7% |
| 每股收益（稀释后） | $0.25 | $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AMSTWD
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $492.9M | ||
| Q3 25 | $294.8M | $488.9M | ||
| Q2 25 | $305.5M | $444.3M | ||
| Q1 25 | $291.1M | $418.2M | ||
| Q4 24 | $287.5M | $454.4M | ||
| Q3 24 | $269.9M | $479.5M | ||
| Q2 24 | $269.8M | $489.8M |
净利润AMSTWD
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $96.9M | ||
| Q3 25 | $116.0M | $72.6M | ||
| Q2 25 | $124.5M | $129.8M | ||
| Q1 25 | $120.7M | $112.3M | ||
| Q4 24 | $111.2M | $51.6M | ||
| Q3 24 | $99.7M | $76.1M | ||
| Q2 24 | $86.0M | $77.9M |
营业利润率AMSTWD
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 26.6% | ||
| Q3 25 | 61.2% | 19.1% | ||
| Q2 25 | 61.0% | 30.5% | ||
| Q1 25 | 60.9% | 28.7% | ||
| Q4 24 | 61.8% | 15.1% | ||
| Q3 24 | 60.2% | 17.2% | ||
| Q2 24 | 56.6% | 19.1% |
净利率AMSTWD
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | 19.7% | ||
| Q3 25 | 39.3% | 14.8% | ||
| Q2 25 | 40.8% | 29.2% | ||
| Q1 25 | 41.5% | 26.8% | ||
| Q4 24 | 38.7% | 11.4% | ||
| Q3 24 | 37.0% | 15.9% | ||
| Q2 24 | 31.9% | 15.9% |
每股收益（稀释后）AMSTWD
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $0.25 | ||
| Q3 25 | $0.24 | $0.19 | ||
| Q2 25 | $0.26 | $0.38 | ||
| Q1 25 | $0.25 | $0.33 | ||
| Q4 24 | $0.23 | $0.15 | ||
| Q3 24 | $0.21 | $0.23 | ||
| Q2 24 | $0.18 | $0.24 |
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 | $499.5M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.0B | $6.8B |
| 总资产 | $5.9B | $63.2B |
| 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AMSTWD
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $499.5M | ||
| Q3 25 | — | $301.1M | ||
| Q2 25 | — | $259.9M | ||
| Q1 25 | — | $440.6M | ||
| Q4 24 | — | $377.8M | ||
| Q3 24 | — | $357.9M | ||
| Q2 24 | — | $259.3M |
总债务AMSTWD
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.1B | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — |
股东权益AMSTWD
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $6.8B | ||
| Q3 25 | $2.1B | $6.9B | ||
| Q2 25 | $2.1B | $6.4B | ||
| Q1 25 | $2.1B | $6.4B | ||
| Q4 24 | $2.1B | $6.4B | ||
| Q3 24 | $2.1B | $6.5B | ||
| Q2 24 | $2.1B | $6.2B |
总资产AMSTWD
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $63.2B | ||
| Q3 25 | $5.7B | $62.4B | ||
| Q2 25 | $5.7B | $62.4B | ||
| Q1 25 | $5.8B | $62.2B | ||
| Q4 24 | $5.8B | $62.6B | ||
| Q3 24 | $5.8B | $64.2B | ||
| Q2 24 | $5.8B | $64.1B |
负债/权益比AMSTWD
| 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 | $488.8M |
| 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× | 5.04× |
| 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AMSTWD
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $488.8M | ||
| Q3 25 | $212.8M | $337.6M | ||
| Q2 25 | $265.2M | $-87.4M | ||
| Q1 25 | $198.9M | $238.9M | ||
| Q4 24 | $232.7M | $295.6M | ||
| Q3 24 | $184.9M | $241.8M | ||
| Q2 24 | $215.8M | $53.3M |
自由现金流AMSTWD
| 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AMSTWD
| 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AMSTWD
| 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AMSTWD
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 5.04× | ||
| Q3 25 | 1.84× | 4.65× | ||
| Q2 25 | 2.13× | -0.67× | ||
| Q1 25 | 1.65× | 2.13× | ||
| Q4 24 | 2.09× | 5.72× | ||
| Q3 24 | 1.85× | 3.18× | ||
| Q2 24 | 2.51× | 0.68× |
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% |
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
