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Antero Midstream Corp（AM）与Wheels Up Experience Inc.（UP）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Wheels Up Experience Inc.的1.6倍（$291.1M vs $183.8M），Antero Midstream Corp净利率更高（41.5% vs -15.7%，领先57.2%），Antero Midstream Corp同比增速更快（-7.3% vs -10.2%），Antero Midstream Corp自由现金流更多（$186.9M vs $-58.3M），过去两年Antero Midstream Corp的营收复合增速更高（3.9% vs -3.4%）
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。
Wheels Up是美国领先的按需私人航空服务提供商，也是全球规模最大的私人航空企业之一。公司由肯尼·迪希特创立于2013年，采用会员制按需服务的商业模式，会员可通过移动应用程序，从公司自有机队及第三方运营商处预订私人飞机出行。
AM vs UP — 直观对比
营收规模更大
AM
是对方的1.6倍
$183.8M
营收增速更快
AM
高出2.9%
-10.2%
净利率更高
AM
高出57.2%
-15.7%
自由现金流更多
AM
多$245.2M
$-58.3M
两年增速更快
AM
近两年复合增速
-3.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $183.8M |
| 净利润 | $120.7M | $-28.9M |
| 毛利率 | — | 14.3% |
| 营业利润率 | 60.9% | -0.9% |
| 净利率 | 41.5% | -15.7% |
| 营收同比 | -7.3% | -10.2% |
| 净利润同比 | 2.1% | 67.0% |
| 每股收益（稀释后） | $0.25 | $-0.04 |
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AMUP
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $183.8M | ||
| Q3 25 | $294.8M | $185.5M | ||
| Q2 25 | $305.5M | $189.6M | ||
| Q1 25 | $291.1M | $177.5M | ||
| Q4 24 | $287.5M | $204.8M | ||
| Q3 24 | $269.9M | $193.9M | ||
| Q2 24 | $269.8M | $196.3M |
净利润AMUP
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $-28.9M | ||
| Q3 25 | $116.0M | $-83.7M | ||
| Q2 25 | $124.5M | $-82.3M | ||
| Q1 25 | $120.7M | $-99.3M | ||
| Q4 24 | $111.2M | $-87.5M | ||
| Q3 24 | $99.7M | $-57.7M | ||
| Q2 24 | $86.0M | $-97.0M |
毛利率AMUP
| Q1 26 | — | — | ||
| Q4 25 | — | 14.3% | ||
| Q3 25 | — | 6.8% | ||
| Q2 25 | — | 8.3% | ||
| Q1 25 | — | 10.8% | ||
| Q4 24 | — | 13.9% | ||
| Q3 24 | — | 13.9% | ||
| Q2 24 | — | 2.3% |
营业利润率AMUP
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | -0.9% | ||
| Q3 25 | 61.2% | -33.1% | ||
| Q2 25 | 61.0% | -31.4% | ||
| Q1 25 | 60.9% | -45.5% | ||
| Q4 24 | 61.8% | -26.0% | ||
| Q3 24 | 60.2% | -21.6% | ||
| Q2 24 | 56.6% | -40.3% |
净利率AMUP
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | -15.7% | ||
| Q3 25 | 39.3% | -45.1% | ||
| Q2 25 | 40.8% | -43.4% | ||
| Q1 25 | 41.5% | -55.9% | ||
| Q4 24 | 38.7% | -42.7% | ||
| Q3 24 | 37.0% | -29.8% | ||
| Q2 24 | 31.9% | -49.4% |
每股收益（稀释后）AMUP
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $-0.04 | ||
| Q3 25 | $0.24 | $-0.12 | ||
| Q2 25 | $0.26 | $-0.12 | ||
| Q1 25 | $0.25 | $-0.14 | ||
| Q4 24 | $0.23 | $-0.13 | ||
| Q3 24 | $0.21 | $-0.08 | ||
| Q2 24 | $0.18 | $-0.14 |
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 | $133.9M |
| 总债务越低越好 | $3.2B | $671.3M |
| 股东权益账面价值 | $2.0B | $-392.1M |
| 总资产 | $5.9B | $968.8M |
| 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AMUP
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $133.9M | ||
| Q3 25 | — | $125.3M | ||
| Q2 25 | — | $107.0M | ||
| Q1 25 | — | $171.8M | ||
| Q4 24 | — | $216.4M | ||
| Q3 24 | — | $115.9M | ||
| Q2 24 | — | $141.5M |
总债务AMUP
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $671.3M | ||
| Q3 25 | $3.0B | $766.5M | ||
| Q2 25 | $3.0B | $770.5M | ||
| Q1 25 | $3.1B | $765.8M | ||
| Q4 24 | $3.1B | $761.3M | ||
| Q3 24 | $3.2B | $596.9M | ||
| Q2 24 | $3.2B | $597.4M |
股东权益AMUP
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $-392.1M | ||
| Q3 25 | $2.1B | $-374.5M | ||
| Q2 25 | $2.1B | $-347.8M | ||
| Q1 25 | $2.1B | $-288.1M | ||
| Q4 24 | $2.1B | $-202.1M | ||
| Q3 24 | $2.1B | $-117.7M | ||
| Q2 24 | $2.1B | $-72.2M |
总资产AMUP
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $968.8M | ||
| Q3 25 | $5.7B | $973.0M | ||
| Q2 25 | $5.7B | $1.0B | ||
| Q1 25 | $5.8B | $1.1B | ||
| Q4 24 | $5.8B | $1.2B | ||
| Q3 24 | $5.8B | $1.0B | ||
| Q2 24 | $5.8B | $1.1B |
负债/权益比AMUP
| 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 | $-18.4M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | $-58.3M |
| 自由现金流率自由现金流/营收 | 64.2% | -31.7% |
| 资本支出强度资本支出/营收 | 11.1% | 21.7% |
| 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 | — | $-259.9M |
8季度趋势，按日历期对齐
经营现金流AMUP
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $-18.4M | ||
| Q3 25 | $212.8M | $-37.1M | ||
| Q2 25 | $265.2M | $-62.9M | ||
| Q1 25 | $198.9M | $-47.9M | ||
| Q4 24 | $232.7M | $37.9M | ||
| Q3 24 | $184.9M | $-16.9M | ||
| Q2 24 | $215.8M | $-25.2M |
自由现金流AMUP
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $-58.3M | ||
| Q3 25 | — | $-60.4M | ||
| Q2 25 | — | $-78.6M | ||
| Q1 25 | — | $-62.6M | ||
| Q4 24 | — | $-70.2M | ||
| Q3 24 | $184.3M | $-21.9M | ||
| Q2 24 | $147.2M | $-30.8M |
自由现金流率AMUP
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | -31.7% | ||
| Q3 25 | — | -32.6% | ||
| Q2 25 | — | -41.5% | ||
| Q1 25 | — | -35.3% | ||
| Q4 24 | — | -34.3% | ||
| Q3 24 | 68.3% | -11.3% | ||
| Q2 24 | 54.6% | -15.7% |
资本支出强度AMUP
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 21.7% | ||
| Q3 25 | — | 12.5% | ||
| Q2 25 | — | 8.3% | ||
| Q1 25 | — | 8.3% | ||
| Q4 24 | 0.0% | 52.8% | ||
| Q3 24 | 0.2% | 2.6% | ||
| Q2 24 | 25.4% | 2.9% |
现金转化率AMUP
| 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% |
UP
暂无分部数据
