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Antero Midstream Corp（AM）与Upstart Holdings, Inc.（UPST）财务数据对比。点击上方公司名可切换其他公司
Upstart Holdings, Inc.的季度营收约是Antero Midstream Corp的1.1倍（$308.2M vs $291.1M），Antero Midstream Corp净利率更高（41.5% vs -2.2%，领先43.6%），Upstart Holdings, Inc.同比增速更快（44.4% vs -7.3%），过去两年Upstart Holdings, Inc.的营收复合增速更高（55.4% 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。
Upstart是一家AI信贷平台服务商，与银行及信用合作社合作，将教育背景、就业情况等非传统指标纳入信用评估模型，更精准地预测借款人的信用状况，为用户提供消费贷款服务，助力金融机构提升信贷效率、扩大服务覆盖范围。
AM vs UPST — 直观对比
营收规模更大
UPST
是对方的1.1倍
$291.1M
营收增速更快
UPST
高出51.8%
-7.3%
净利率更高
AM
高出43.6%
-2.2%
两年增速更快
UPST
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $308.2M |
| 净利润 | $120.7M | $-6.6M |
| 毛利率 | — | — |
| 营业利润率 | 60.9% | -2.4% |
| 净利率 | 41.5% | -2.2% |
| 营收同比 | -7.3% | 44.4% |
| 净利润同比 | 2.1% | -171.6% |
| 每股收益（稀释后） | $0.25 | $-0.07 |
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AMUPST
| Q1 26 | $291.1M | $308.2M | ||
| Q4 25 | $297.0M | $296.1M | ||
| Q3 25 | $294.8M | $277.1M | ||
| Q2 25 | $305.5M | $257.3M | ||
| Q1 25 | $291.1M | $213.4M | ||
| Q4 24 | $287.5M | $219.0M | ||
| Q3 24 | $269.9M | $162.1M | ||
| Q2 24 | $269.8M | $127.6M |
净利润AMUPST
| Q1 26 | $120.7M | $-6.6M | ||
| Q4 25 | $51.9M | $18.6M | ||
| Q3 25 | $116.0M | $31.8M | ||
| Q2 25 | $124.5M | $5.6M | ||
| Q1 25 | $120.7M | $-2.4M | ||
| Q4 24 | $111.2M | $-2.8M | ||
| Q3 24 | $99.7M | $-6.8M | ||
| Q2 24 | $86.0M | $-54.5M |
营业利润率AMUPST
| Q1 26 | 60.9% | -2.4% | ||
| Q4 25 | 33.8% | 6.4% | ||
| Q3 25 | 61.2% | 8.5% | ||
| Q2 25 | 61.0% | 1.8% | ||
| Q1 25 | 60.9% | -2.1% | ||
| Q4 24 | 61.8% | -2.2% | ||
| Q3 24 | 60.2% | -27.8% | ||
| Q2 24 | 56.6% | -43.5% |
净利率AMUPST
| Q1 26 | 41.5% | -2.2% | ||
| Q4 25 | 17.5% | 6.3% | ||
| Q3 25 | 39.3% | 11.5% | ||
| Q2 25 | 40.8% | 2.2% | ||
| Q1 25 | 41.5% | -1.1% | ||
| Q4 24 | 38.7% | -1.3% | ||
| Q3 24 | 37.0% | -4.2% | ||
| Q2 24 | 31.9% | -42.7% |
每股收益（稀释后）AMUPST
| Q1 26 | $0.25 | $-0.07 | ||
| Q4 25 | $0.11 | $0.20 | ||
| Q3 25 | $0.24 | $0.23 | ||
| Q2 25 | $0.26 | $0.05 | ||
| Q1 25 | $0.25 | $-0.03 | ||
| Q4 24 | $0.23 | $-0.01 | ||
| Q3 24 | $0.21 | $-0.07 | ||
| Q2 24 | $0.18 | $-0.62 |
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 | $472.9M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.0B | $733.2M |
| 总资产 | $5.9B | $3.0B |
| 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AMUPST
| Q1 26 | $180.4M | $472.9M | ||
| Q4 25 | $180.4M | $652.4M | ||
| Q3 25 | — | $489.8M | ||
| Q2 25 | — | $395.9M | ||
| Q1 25 | — | $599.8M | ||
| Q4 24 | — | $788.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务AMUPST
| 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AMUPST
| Q1 26 | $2.0B | $733.2M | ||
| Q4 25 | $2.0B | $798.8M | ||
| Q3 25 | $2.1B | $743.7M | ||
| Q2 25 | $2.1B | $722.0M | ||
| Q1 25 | $2.1B | $676.6M | ||
| Q4 24 | $2.1B | $633.2M | ||
| Q3 24 | $2.1B | $595.5M | ||
| Q2 24 | $2.1B | $594.7M |
总资产AMUPST
| Q1 26 | $5.9B | $3.0B | ||
| Q4 25 | $5.9B | $3.0B | ||
| Q3 25 | $5.7B | $2.9B | ||
| Q2 25 | $5.7B | $2.5B | ||
| Q1 25 | $5.8B | $2.3B | ||
| Q4 24 | $5.8B | $2.4B | ||
| Q3 24 | $5.8B | $1.8B | ||
| Q2 24 | $5.8B | $1.8B |
负债/权益比AMUPST
| 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 | $-133.3M |
| 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AMUPST
| Q1 26 | $198.9M | $-133.3M | ||
| Q4 25 | $255.5M | $108.6M | ||
| Q3 25 | $212.8M | $-122.6M | ||
| Q2 25 | $265.2M | $-120.2M | ||
| Q1 25 | $198.9M | $-13.5M | ||
| Q4 24 | $232.7M | $-110.9M | ||
| Q3 24 | $184.9M | $179.3M | ||
| Q2 24 | $215.8M | $65.3M |
自由现金流AMUPST
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $108.4M | ||
| Q3 25 | — | $-122.7M | ||
| Q2 25 | — | $-120.3M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $184.3M | $179.2M | ||
| Q2 24 | $147.2M | $65.3M |
自由现金流率AMUPST
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | 36.6% | ||
| Q3 25 | — | -44.3% | ||
| Q2 25 | — | -46.7% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 68.3% | 110.5% | ||
| Q2 24 | 54.6% | 51.1% |
资本支出强度AMUPST
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | 0.0% | 0.0% | ||
| Q3 24 | 0.2% | 0.1% | ||
| Q2 24 | 25.4% | 0.0% |
现金转化率AMUPST
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 5.82× | ||
| Q3 25 | 1.84× | -3.86× | ||
| Q2 25 | 2.13× | -21.43× | ||
| 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% |
UPST
| Platform and referral fees, net | $224.6M | 73% |
| Servicing and other fees, net | $52.4M | 17% |
| Other | $31.2M | 10% |
