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Antero Midstream Corp（AM）与Thermon Group Holdings, Inc.（THR）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Thermon Group Holdings, Inc.的2.0倍（$291.1M vs $147.3M），Antero Midstream Corp净利率更高（41.5% vs 12.4%，领先29.1%），Thermon Group Holdings, Inc.同比增速更快（9.6% vs -7.3%）
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。
Thermon Group Holdings是全球专业热管理解决方案供应商，主打伴热系统、加热电缆、温控监测设备及相关安装支持服务，服务油气、化工、发电、食品饮料等核心工业领域，业务覆盖北美、欧洲、亚太、拉美等全球主要市场。
AM vs THR — 直观对比
营收规模更大
AM
是对方的2.0倍
$147.3M
营收增速更快
THR
高出17.0%
-7.3%
净利率更高
AM
高出29.1%
12.4%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $147.3M |
| 净利润 | $120.7M | $18.3M |
| 毛利率 | — | 46.6% |
| 营业利润率 | 60.9% | 18.1% |
| 净利率 | 41.5% | 12.4% |
| 营收同比 | -7.3% | 9.6% |
| 净利润同比 | 2.1% | -1.3% |
| 每股收益（稀释后） | $0.25 | $0.55 |
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AMTHR
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $147.3M | ||
| Q3 25 | $294.8M | $131.7M | ||
| Q2 25 | $305.5M | $108.9M | ||
| Q1 25 | $291.1M | — | ||
| Q4 24 | $287.5M | — | ||
| Q3 24 | $269.9M | — | ||
| Q2 24 | $269.8M | — |
净利润AMTHR
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $18.3M | ||
| Q3 25 | $116.0M | $15.0M | ||
| Q2 25 | $124.5M | $8.6M | ||
| Q1 25 | $120.7M | — | ||
| Q4 24 | $111.2M | — | ||
| Q3 24 | $99.7M | — | ||
| Q2 24 | $86.0M | — |
毛利率AMTHR
| Q1 26 | — | — | ||
| Q4 25 | — | 46.6% | ||
| Q3 25 | — | 46.4% | ||
| Q2 25 | — | 44.1% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率AMTHR
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 18.1% | ||
| Q3 25 | 61.2% | 16.4% | ||
| Q2 25 | 61.0% | 10.8% | ||
| Q1 25 | 60.9% | — | ||
| Q4 24 | 61.8% | — | ||
| Q3 24 | 60.2% | — | ||
| Q2 24 | 56.6% | — |
净利率AMTHR
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | 12.4% | ||
| Q3 25 | 39.3% | 11.4% | ||
| Q2 25 | 40.8% | 7.9% | ||
| Q1 25 | 41.5% | — | ||
| Q4 24 | 38.7% | — | ||
| Q3 24 | 37.0% | — | ||
| Q2 24 | 31.9% | — |
每股收益（稀释后）AMTHR
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $0.55 | ||
| Q3 25 | $0.24 | $0.45 | ||
| Q2 25 | $0.26 | $0.26 | ||
| Q1 25 | $0.25 | — | ||
| Q4 24 | $0.23 | — | ||
| Q3 24 | $0.21 | — | ||
| Q2 24 | $0.18 | — |
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 | $46.9M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.0B | $538.7M |
| 总资产 | $5.9B | $816.7M |
| 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AMTHR
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $46.9M | ||
| Q3 25 | — | $29.7M | ||
| Q2 25 | — | $36.5M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务AMTHR
| 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AMTHR
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $538.7M | ||
| Q3 25 | $2.1B | $515.2M | ||
| Q2 25 | $2.1B | $509.3M | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.1B | — |
总资产AMTHR
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $816.7M | ||
| Q3 25 | $5.7B | $778.2M | ||
| Q2 25 | $5.7B | $765.3M | ||
| Q1 25 | $5.8B | — | ||
| Q4 24 | $5.8B | — | ||
| Q3 24 | $5.8B | — | ||
| Q2 24 | $5.8B | — |
负债/权益比AMTHR
| 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 | $18.0M |
| 自由现金流经营现金流 - 资本支出 | — | $13.1M |
| 自由现金流率自由现金流/营收 | — | 8.9% |
| 资本支出强度资本支出/营收 | 11.1% | 3.3% |
| 现金转化率经营现金流/净利润 | 1.65× | 0.98× |
| 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AMTHR
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $18.0M | ||
| Q3 25 | $212.8M | $7.4M | ||
| Q2 25 | $265.2M | $10.7M | ||
| Q1 25 | $198.9M | — | ||
| Q4 24 | $232.7M | — | ||
| Q3 24 | $184.9M | — | ||
| Q2 24 | $215.8M | — |
自由现金流AMTHR
| Q1 26 | — | — | ||
| Q4 25 | — | $13.1M | ||
| Q3 25 | — | $4.4M | ||
| Q2 25 | — | $8.3M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $184.3M | — | ||
| Q2 24 | $147.2M | — |
自由现金流率AMTHR
| Q1 26 | — | — | ||
| Q4 25 | — | 8.9% | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | — | 7.6% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 68.3% | — | ||
| Q2 24 | 54.6% | — |
资本支出强度AMTHR
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 25.4% | — |
现金转化率AMTHR
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 0.98× | ||
| Q3 25 | 1.84× | 0.50× | ||
| Q2 25 | 2.13× | 1.25× | ||
| 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% |
THR
| Other | $73.7M | 50% |
| Transferred At Point In Time | $56.1M | 38% |
| Transferred Over Time | $17.5M | 12% |
