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Antero Midstream Corp（AM）与Tecnoglass Inc.（TGLS）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Tecnoglass Inc.的1.2倍（$297.0M vs $245.3M），Antero Midstream Corp净利率更高（17.5% vs 10.6%，领先6.8%），Antero Midstream Corp同比增速更快（3.3% vs 2.4%），过去两年Tecnoglass Inc.的营收复合增速更高（12.8% vs 3.2%）
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。
Tecnoglass Inc.是一家领先的建筑玻璃、铝制门窗及相关建材生产商，主要服务北美及拉美地区的住宅和商业建筑领域，为新建及翻新项目提供定制化、高能效的建筑解决方案。
AM vs TGLS — 直观对比
营收规模更大
AM
是对方的1.2倍
$245.3M
营收增速更快
AM
高出0.9%
2.4%
净利率更高
AM
高出6.8%
10.6%
两年增速更快
TGLS
近两年复合增速
3.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $297.0M | $245.3M |
| 净利润 | $51.9M | $26.1M |
| 毛利率 | — | 40.0% |
| 营业利润率 | 33.8% | 18.3% |
| 净利率 | 17.5% | 10.6% |
| 营收同比 | 3.3% | 2.4% |
| 净利润同比 | -53.3% | -44.5% |
| 每股收益（稀释后） | $0.11 | $0.57 |
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AMTGLS
| Q4 25 | $297.0M | $245.3M | ||
| Q3 25 | $294.8M | $260.5M | ||
| Q2 25 | $305.5M | $255.5M | ||
| Q1 25 | $291.1M | $222.3M | ||
| Q4 24 | $287.5M | $239.6M | ||
| Q3 24 | $269.9M | $238.3M | ||
| Q2 24 | $269.8M | $219.7M | ||
| Q1 24 | $279.1M | $192.6M |
净利润AMTGLS
| Q4 25 | $51.9M | $26.1M | ||
| Q3 25 | $116.0M | $47.2M | ||
| Q2 25 | $124.5M | $44.1M | ||
| Q1 25 | $120.7M | $42.2M | ||
| Q4 24 | $111.2M | $47.0M | ||
| Q3 24 | $99.7M | $49.5M | ||
| Q2 24 | $86.0M | $35.0M | ||
| Q1 24 | $103.9M | $29.7M |
毛利率AMTGLS
| Q4 25 | — | 40.0% | ||
| Q3 25 | — | 42.7% | ||
| Q2 25 | — | 44.7% | ||
| Q1 25 | — | 43.9% | ||
| Q4 24 | — | 44.5% | ||
| Q3 24 | — | 45.8% | ||
| Q2 24 | — | 40.8% | ||
| Q1 24 | — | 38.8% |
营业利润率AMTGLS
| Q4 25 | 33.8% | 18.3% | ||
| Q3 25 | 61.2% | 25.1% | ||
| Q2 25 | 61.0% | 24.0% | ||
| Q1 25 | 60.9% | 26.7% | ||
| Q4 24 | 61.8% | 28.0% | ||
| Q3 24 | 60.2% | 28.4% | ||
| Q2 24 | 56.6% | 23.3% | ||
| Q1 24 | 59.6% | 21.3% |
净利率AMTGLS
| Q4 25 | 17.5% | 10.6% | ||
| Q3 25 | 39.3% | 18.1% | ||
| Q2 25 | 40.8% | 17.3% | ||
| Q1 25 | 41.5% | 19.0% | ||
| Q4 24 | 38.7% | 19.6% | ||
| Q3 24 | 37.0% | 20.8% | ||
| Q2 24 | 31.9% | 15.9% | ||
| Q1 24 | 37.2% | 15.4% |
每股收益（稀释后）AMTGLS
| Q4 25 | $0.11 | $0.57 | ||
| Q3 25 | $0.24 | $1.01 | ||
| Q2 25 | $0.26 | $0.94 | ||
| Q1 25 | $0.25 | $0.90 | ||
| Q4 24 | $0.23 | $1.00 | ||
| Q3 24 | $0.21 | $1.05 | ||
| Q2 24 | $0.18 | $0.75 | ||
| Q1 24 | $0.21 | $0.63 |
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 | $104.1M |
| 总债务越低越好 | $3.2B | $174.4M |
| 股东权益账面价值 | $2.0B | $713.1M |
| 总资产 | $5.9B | $1.3B |
| 负债/权益比越低杠杆越低 | 1.63× | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资AMTGLS
| Q4 25 | $180.4M | $104.1M | ||
| Q3 25 | — | $127.1M | ||
| Q2 25 | — | $140.9M | ||
| Q1 25 | — | $160.2M | ||
| Q4 24 | — | $137.5M | ||
| Q3 24 | — | $124.8M | ||
| Q2 24 | — | $129.5M | ||
| Q1 24 | $26.1M | $138.8M |
总债务AMTGLS
| Q4 25 | $3.2B | $174.4M | ||
| Q3 25 | $3.0B | $114.7M | ||
| Q2 25 | $3.0B | $110.6M | ||
| Q1 25 | $3.1B | $110.6M | ||
| Q4 24 | $3.1B | $111.1M | ||
| Q3 24 | $3.2B | $126.8M | ||
| Q2 24 | $3.2B | $144.7M | ||
| Q1 24 | $3.2B | $160.9M |
股东权益AMTGLS
| Q4 25 | $2.0B | $713.1M | ||
| Q3 25 | $2.1B | $764.0M | ||
| Q2 25 | $2.1B | $736.0M | ||
| Q1 25 | $2.1B | $685.1M | ||
| Q4 24 | $2.1B | $631.2M | ||
| Q3 24 | $2.1B | $613.3M | ||
| Q2 24 | $2.1B | $574.8M | ||
| Q1 24 | $2.2B | $573.6M |
总资产AMTGLS
| Q4 25 | $5.9B | $1.3B | ||
| Q3 25 | $5.7B | $1.2B | ||
| Q2 25 | $5.7B | $1.2B | ||
| Q1 25 | $5.8B | $1.1B | ||
| Q4 24 | $5.8B | $1.0B | ||
| Q3 24 | $5.8B | $996.3M | ||
| Q2 24 | $5.8B | $942.5M | ||
| Q1 24 | $5.7B | $981.6M |
负债/权益比AMTGLS
| Q4 25 | 1.63× | 0.24× | ||
| Q3 25 | 1.46× | 0.15× | ||
| Q2 25 | 1.45× | 0.15× | ||
| Q1 25 | 1.49× | 0.16× | ||
| Q4 24 | 1.47× | 0.18× | ||
| Q3 24 | 1.49× | 0.21× | ||
| Q2 24 | 1.50× | 0.25× | ||
| Q1 24 | 1.48× | 0.28× |
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 | $31.0M |
| 自由现金流经营现金流 - 资本支出 | — | $11.4M |
| 自由现金流率自由现金流/营收 | — | 4.7% |
| 资本支出强度资本支出/营收 | — | 8.0% |
| 现金转化率经营现金流/净利润 | 4.92× | 1.19× |
| 过去12个月自由现金流最近4个季度 | — | $34.5M |
8季度趋势，按日历期对齐
经营现金流AMTGLS
| Q4 25 | $255.5M | $31.0M | ||
| Q3 25 | $212.8M | $40.0M | ||
| Q2 25 | $265.2M | $17.9M | ||
| Q1 25 | $198.9M | $46.9M | ||
| Q4 24 | $232.7M | $61.1M | ||
| Q3 24 | $184.9M | $41.5M | ||
| Q2 24 | $215.8M | $34.5M | ||
| Q1 24 | $210.6M | $33.4M |
自由现金流AMTGLS
| Q4 25 | — | $11.4M | ||
| Q3 25 | — | $21.2M | ||
| Q2 25 | — | $-14.7M | ||
| Q1 25 | — | $16.5M | ||
| Q4 24 | — | $35.4M | ||
| Q3 24 | $184.3M | $17.8M | ||
| Q2 24 | $147.2M | $14.2M | ||
| Q1 24 | $208.5M | $23.6M |
自由现金流率AMTGLS
| Q4 25 | — | 4.7% | ||
| Q3 25 | — | 8.2% | ||
| Q2 25 | — | -5.7% | ||
| Q1 25 | — | 7.4% | ||
| Q4 24 | — | 14.8% | ||
| Q3 24 | 68.3% | 7.5% | ||
| Q2 24 | 54.6% | 6.5% | ||
| Q1 24 | 74.7% | 12.2% |
资本支出强度AMTGLS
| Q4 25 | — | 8.0% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | — | 12.7% | ||
| Q1 25 | — | 13.7% | ||
| Q4 24 | 0.0% | 10.7% | ||
| Q3 24 | 0.2% | 9.9% | ||
| Q2 24 | 25.4% | 9.2% | ||
| Q1 24 | 0.7% | 5.1% |
现金转化率AMTGLS
| Q4 25 | 4.92× | 1.19× | ||
| Q3 25 | 1.84× | 0.85× | ||
| Q2 25 | 2.13× | 0.41× | ||
| Q1 25 | 1.65× | 1.11× | ||
| Q4 24 | 2.09× | 1.30× | ||
| Q3 24 | 1.85× | 0.84× | ||
| Q2 24 | 2.51× | 0.98× | ||
| Q1 24 | 2.03× | 1.13× |
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% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
