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Antero Midstream Corp（AM）与Tilray Brands, Inc.（TLRY）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Tilray Brands, Inc.的1.3倍（$291.1M vs $217.5M），Antero Midstream Corp净利率更高（41.5% vs -20.7%，领先62.1%），Tilray Brands, Inc.同比增速更快（3.1% vs -7.3%），过去两年Tilray Brands, Inc.的营收复合增速更高（7.5% vs 3.9%）
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。
Tilray Brands, Inc.是一家美国企业，主营医药、大麻生活方式产品以及包装消费品业务，公司注册于美国，总部坐落于纽约。该公司在加拿大、澳大利亚、新西兰、拉美地区均开展业务，同时在德国和葡萄牙拥有大麻种植基地。
AM vs TLRY — 直观对比
营收规模更大
AM
是对方的1.3倍
$217.5M
营收增速更快
TLRY
高出10.5%
-7.3%
净利率更高
AM
高出62.1%
-20.7%
两年增速更快
TLRY
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $217.5M |
| 净利润 | $120.7M | $-44.9M |
| 毛利率 | — | 26.4% |
| 营业利润率 | 60.9% | -10.2% |
| 净利率 | 41.5% | -20.7% |
| 营收同比 | -7.3% | 3.1% |
| 净利润同比 | 2.1% | 47.4% |
| 每股收益（稀释后） | $0.25 | $-0.41 |
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AMTLRY
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $217.5M | ||
| Q3 25 | $294.8M | $209.5M | ||
| Q2 25 | $305.5M | $224.5M | ||
| Q1 25 | $291.1M | $185.8M | ||
| Q4 24 | $287.5M | $210.9M | ||
| Q3 24 | $269.9M | $200.0M | ||
| Q2 24 | $269.8M | $229.9M |
净利润AMTLRY
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $-44.9M | ||
| Q3 25 | $116.0M | $-322.0K | ||
| Q2 25 | $124.5M | $-1.3B | ||
| Q1 25 | $120.7M | $-789.4M | ||
| Q4 24 | $111.2M | $-85.3M | ||
| Q3 24 | $99.7M | $-39.2M | ||
| Q2 24 | $86.0M | $-31.7M |
毛利率AMTLRY
| Q1 26 | — | — | ||
| Q4 25 | — | 26.4% | ||
| Q3 25 | — | 27.4% | ||
| Q2 25 | — | 30.1% | ||
| Q1 25 | — | 28.0% | ||
| Q4 24 | — | 29.0% | ||
| Q3 24 | — | 29.8% | ||
| Q2 24 | — | 35.8% |
营业利润率AMTLRY
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | -10.2% | ||
| Q3 25 | 61.2% | 1.0% | ||
| Q2 25 | 61.0% | -643.1% | ||
| Q1 25 | 60.9% | -409.0% | ||
| Q4 24 | 61.8% | -20.0% | ||
| Q3 24 | 60.2% | -18.3% | ||
| Q2 24 | 56.6% | -7.2% |
净利率AMTLRY
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | -20.7% | ||
| Q3 25 | 39.3% | -0.2% | ||
| Q2 25 | 40.8% | -566.9% | ||
| Q1 25 | 41.5% | -424.9% | ||
| Q4 24 | 38.7% | -40.5% | ||
| Q3 24 | 37.0% | -19.6% | ||
| Q2 24 | 31.9% | -13.8% |
每股收益（稀释后）AMTLRY
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $-0.41 | ||
| Q3 25 | $0.24 | $0.00 | ||
| Q2 25 | $0.26 | $7.26 | ||
| Q1 25 | $0.25 | $-8.69 | ||
| Q4 24 | $0.23 | $-0.99 | ||
| Q3 24 | $0.21 | $-0.04 | ||
| Q2 24 | $0.18 | $-0.04 |
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 | $291.6M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.0B | $1.6B |
| 总资产 | $5.9B | $2.1B |
| 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AMTLRY
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $291.6M | ||
| Q3 25 | — | $264.8M | ||
| Q2 25 | — | $256.4M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $252.2M | ||
| Q3 24 | — | $280.1M | ||
| Q2 24 | — | $260.5M |
总债务AMTLRY
| 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AMTLRY
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $1.6B | ||
| Q3 25 | $2.1B | $1.5B | ||
| Q2 25 | $2.1B | $1.5B | ||
| Q1 25 | $2.1B | $2.7B | ||
| Q4 24 | $2.1B | $3.5B | ||
| Q3 24 | $2.1B | $3.5B | ||
| Q2 24 | $2.1B | $3.4B |
总资产AMTLRY
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $2.1B | ||
| Q3 25 | $5.7B | $2.1B | ||
| Q2 25 | $5.7B | $2.1B | ||
| Q1 25 | $5.8B | — | ||
| Q4 24 | $5.8B | $4.2B | ||
| Q3 24 | $5.8B | $4.3B | ||
| Q2 24 | $5.8B | $4.2B |
负债/权益比AMTLRY
| 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 | $-8.5M |
| 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× | — |
| 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AMTLRY
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $-8.5M | ||
| Q3 25 | $212.8M | $-1.3M | ||
| Q2 25 | $265.2M | $-12.8M | ||
| Q1 25 | $198.9M | $-5.8M | ||
| Q4 24 | $232.7M | $-40.7M | ||
| Q3 24 | $184.9M | $-35.3M | ||
| Q2 24 | $215.8M | $30.7M |
自由现金流AMTLRY
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $-19.1M | ||
| Q1 25 | — | $-20.2M | ||
| Q4 24 | — | $-46.2M | ||
| Q3 24 | $184.3M | $-42.0M | ||
| Q2 24 | $147.2M | $21.0M |
自由现金流率AMTLRY
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -8.5% | ||
| Q1 25 | — | -10.9% | ||
| Q4 24 | — | -21.9% | ||
| Q3 24 | 68.3% | -21.0% | ||
| Q2 24 | 54.6% | 9.1% |
资本支出强度AMTLRY
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 7.8% | ||
| Q4 24 | 0.0% | 2.6% | ||
| Q3 24 | 0.2% | 3.4% | ||
| Q2 24 | 25.4% | 4.2% |
现金转化率AMTLRY
| 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% |
TLRY
| Adultuse Cannabis Products | $62.4M | 29% |
| Other | $59.2M | 27% |
| Beverage Alcohol Business | $53.6M | 25% |
| International Cannabis Products | $20.2M | 9% |
| Wellness Business | $14.6M | 7% |
| Medical Cannabis Products | $6.2M | 3% |
| Wholesale Cannabis Products | $1.3M | 1% |
