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Antero Midstream Corp（AM）与医疗房产信托（SVC）财务数据对比。点击上方公司名可切换其他公司
医疗房产信托的季度营收约是Antero Midstream Corp的1.0倍（$296.5M vs $291.1M），Antero Midstream Corp净利率更高（41.5% vs -0.3%，领先41.7%），Antero Midstream Corp同比增速更快（-7.3% vs -17.0%），Antero Midstream Corp自由现金流更多（$186.9M vs $-95.2M），过去两年Antero Midstream Corp的营收复合增速更高（3.9% vs -6.1%）
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。
医疗房产信托（MPT）是总部位于阿拉巴马州伯明翰的国际房地产投资信托（REIT），主要在美国和欧洲地区收购投资医疗设施与营利性医疗控股公司。该公司的房产收购多采用售后回租模式，原产权方出售房产给MPT后成为承租租户，其租户普遍签订长期三净租约。
AM vs SVC — 直观对比
营收规模更大
SVC
是对方的1.0倍
$291.1M
营收增速更快
AM
高出9.6%
-17.0%
净利率更高
AM
高出41.7%
-0.3%
自由现金流更多
AM
多$282.1M
$-95.2M
两年增速更快
AM
近两年复合增速
-6.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $296.5M |
| 净利润 | $120.7M | $-782.0K |
| 毛利率 | — | — |
| 营业利润率 | 60.9% | -3.9% |
| 净利率 | 41.5% | -0.3% |
| 营收同比 | -7.3% | -17.0% |
| 净利润同比 | 2.1% | 99.0% |
| 每股收益（稀释后） | $0.25 | $-0.01 |
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AMSVC
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $296.5M | ||
| Q3 25 | $294.8M | $377.6M | ||
| Q2 25 | $305.5M | $404.4M | ||
| Q1 25 | $291.1M | $335.0M | ||
| Q4 24 | $287.5M | $357.0M | ||
| Q3 24 | $269.9M | $390.9M | ||
| Q2 24 | $269.8M | $412.5M |
净利润AMSVC
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $-782.0K | ||
| Q3 25 | $116.0M | $-46.9M | ||
| Q2 25 | $124.5M | $-38.2M | ||
| Q1 25 | $120.7M | $-116.4M | ||
| Q4 24 | $111.2M | $-76.4M | ||
| Q3 24 | $99.7M | $-46.9M | ||
| Q2 24 | $86.0M | $-73.8M |
营业利润率AMSVC
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | -3.9% | ||
| Q3 25 | 61.2% | -12.8% | ||
| Q2 25 | 61.0% | -9.2% | ||
| Q1 25 | 60.9% | -33.3% | ||
| Q4 24 | 61.8% | -19.4% | ||
| Q3 24 | 60.2% | -12.8% | ||
| Q2 24 | 56.6% | -17.1% |
净利率AMSVC
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | -0.3% | ||
| Q3 25 | 39.3% | -12.4% | ||
| Q2 25 | 40.8% | -9.4% | ||
| Q1 25 | 41.5% | -34.8% | ||
| Q4 24 | 38.7% | -21.4% | ||
| Q3 24 | 37.0% | -12.0% | ||
| Q2 24 | 31.9% | -17.9% |
每股收益（稀释后）AMSVC
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $-0.01 | ||
| Q3 25 | $0.24 | $-0.28 | ||
| Q2 25 | $0.26 | $-0.23 | ||
| Q1 25 | $0.25 | $-0.70 | ||
| Q4 24 | $0.23 | $-0.46 | ||
| Q3 24 | $0.21 | $-0.28 | ||
| Q2 24 | $0.18 | $-0.45 |
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 | $346.8M |
| 总债务越低越好 | $3.2B | $5.5B |
| 股东权益账面价值 | $2.0B | $646.1M |
| 总资产 | $5.9B | $6.5B |
| 负债/权益比越低杠杆越低 | 1.63× | 8.52× |
8季度趋势，按日历期对齐
现金及短期投资AMSVC
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $346.8M | ||
| Q3 25 | — | $417.4M | ||
| Q2 25 | — | $63.2M | ||
| Q1 25 | — | $80.1M | ||
| Q4 24 | — | $143.5M | ||
| Q3 24 | — | $48.6M | ||
| Q2 24 | — | $14.6M |
总债务AMSVC
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $5.5B | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.1B | — | ||
| Q4 24 | $3.1B | $5.8B | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — |
股东权益AMSVC
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $646.1M | ||
| Q3 25 | $2.1B | $647.9M | ||
| Q2 25 | $2.1B | $695.9M | ||
| Q1 25 | $2.1B | $734.6M | ||
| Q4 24 | $2.1B | $851.9M | ||
| Q3 24 | $2.1B | $929.0M | ||
| Q2 24 | $2.1B | $1.0B |
总资产AMSVC
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $6.5B | ||
| Q3 25 | $5.7B | $7.0B | ||
| Q2 25 | $5.7B | $6.9B | ||
| Q1 25 | $5.8B | $7.0B | ||
| Q4 24 | $5.8B | $7.1B | ||
| Q3 24 | $5.8B | $7.1B | ||
| Q2 24 | $5.8B | $7.1B |
负债/权益比AMSVC
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 8.52× | ||
| Q3 25 | 1.46× | — | ||
| Q2 25 | 1.45× | — | ||
| Q1 25 | 1.49× | — | ||
| Q4 24 | 1.47× | 6.85× | ||
| 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 | $-18.5M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | $-95.2M |
| 自由现金流率自由现金流/营收 | 64.2% | -32.1% |
| 资本支出强度资本支出/营收 | 11.1% | 25.9% |
| 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 | — | $-107.0M |
8季度趋势，按日历期对齐
经营现金流AMSVC
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $-18.5M | ||
| Q3 25 | $212.8M | $98.1M | ||
| Q2 25 | $265.2M | $-7.0K | ||
| Q1 25 | $198.9M | $38.2M | ||
| Q4 24 | $232.7M | $-9.7M | ||
| Q3 24 | $184.9M | $106.2M | ||
| Q2 24 | $215.8M | $43.8M |
自由现金流AMSVC
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $-95.2M | ||
| Q3 25 | — | $57.9M | ||
| Q2 25 | — | $-46.6M | ||
| Q1 25 | — | $-23.2M | ||
| Q4 24 | — | $-88.9M | ||
| Q3 24 | $184.3M | $24.1M | ||
| Q2 24 | $147.2M | $-22.3M |
自由现金流率AMSVC
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | -32.1% | ||
| Q3 25 | — | 15.3% | ||
| Q2 25 | — | -11.5% | ||
| Q1 25 | — | -6.9% | ||
| Q4 24 | — | -24.9% | ||
| Q3 24 | 68.3% | 6.2% | ||
| Q2 24 | 54.6% | -5.4% |
资本支出强度AMSVC
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | 10.6% | ||
| Q2 25 | — | 11.5% | ||
| Q1 25 | — | 18.3% | ||
| Q4 24 | 0.0% | 22.2% | ||
| Q3 24 | 0.2% | 21.0% | ||
| Q2 24 | 25.4% | 16.0% |
现金转化率AMSVC
| Q1 26 | 1.65× | — | ||
| 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× | — |
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% |
SVC
暂无分部数据
