vs
Antero Midstream Corp（AM）与VERRA MOBILITY Corp（VRRM）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VERRA MOBILITY Corp的1.1倍（$291.1M vs $257.9M），Antero Midstream Corp净利率更高（41.5% vs 7.3%，领先34.2%），VERRA MOBILITY Corp同比增速更快（16.4% vs -7.3%），Antero Midstream Corp自由现金流更多（$186.9M vs $5.7M），过去两年VERRA MOBILITY Corp的营收复合增速更高（10.9% 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。
Verra Mobility Corp是全球领先的智慧出行技术解决方案提供商，业务涵盖收费管理、停车与交通合规执法、车联网服务及车队管理工具，服务对象包括政府交通部门、租车运营商、商业车队所有者及汽车行业合作伙伴，覆盖北美、欧洲及亚太市场。
AM vs VRRM — 直观对比
营收规模更大
AM
是对方的1.1倍
$257.9M
营收增速更快
VRRM
高出23.8%
-7.3%
净利率更高
AM
高出34.2%
7.3%
自由现金流更多
AM
多$181.2M
$5.7M
两年增速更快
VRRM
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $257.9M |
| 净利润 | $120.7M | $18.9M |
| 毛利率 | — | — |
| 营业利润率 | 60.9% | 16.7% |
| 净利率 | 41.5% | 7.3% |
| 营收同比 | -7.3% | 16.4% |
| 净利润同比 | 2.1% | 128.3% |
| 每股收益（稀释后） | $0.25 | $0.12 |
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AMVRRM
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $257.9M | ||
| Q3 25 | $294.8M | $261.9M | ||
| Q2 25 | $305.5M | $236.0M | ||
| Q1 25 | $291.1M | $223.3M | ||
| Q4 24 | $287.5M | $221.5M | ||
| Q3 24 | $269.9M | $225.6M | ||
| Q2 24 | $269.8M | $222.4M |
净利润AMVRRM
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $18.9M | ||
| Q3 25 | $116.0M | $46.8M | ||
| Q2 25 | $124.5M | $38.6M | ||
| Q1 25 | $120.7M | $32.3M | ||
| Q4 24 | $111.2M | $-66.7M | ||
| Q3 24 | $99.7M | $34.7M | ||
| Q2 24 | $86.0M | $34.2M |
营业利润率AMVRRM
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 16.7% | ||
| Q3 25 | 61.2% | 28.6% | ||
| Q2 25 | 61.0% | 26.8% | ||
| Q1 25 | 60.9% | 25.7% | ||
| Q4 24 | 61.8% | -19.6% | ||
| Q3 24 | 60.2% | 28.3% | ||
| Q2 24 | 56.6% | 27.5% |
净利率AMVRRM
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | 7.3% | ||
| Q3 25 | 39.3% | 17.9% | ||
| Q2 25 | 40.8% | 16.3% | ||
| Q1 25 | 41.5% | 14.5% | ||
| Q4 24 | 38.7% | -30.1% | ||
| Q3 24 | 37.0% | 15.4% | ||
| Q2 24 | 31.9% | 15.4% |
每股收益（稀释后）AMVRRM
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $0.12 | ||
| Q3 25 | $0.24 | $0.29 | ||
| Q2 25 | $0.26 | $0.24 | ||
| Q1 25 | $0.25 | $0.20 | ||
| Q4 24 | $0.23 | $-0.39 | ||
| Q3 24 | $0.21 | $0.21 | ||
| Q2 24 | $0.18 | $0.20 |
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 | $65.3M |
| 总债务越低越好 | $3.2B | $1.0B |
| 股东权益账面价值 | $2.0B | $293.0M |
| 总资产 | $5.9B | $1.6B |
| 负债/权益比越低杠杆越低 | 1.63× | 3.51× |
8季度趋势，按日历期对齐
现金及短期投资AMVRRM
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $65.3M | ||
| Q3 25 | — | $196.1M | ||
| Q2 25 | — | $147.7M | ||
| Q1 25 | — | $108.5M | ||
| Q4 24 | — | $77.6M | ||
| Q3 24 | — | $206.1M | ||
| Q2 24 | — | $122.0M |
总债务AMVRRM
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $1.0B | ||
| Q3 25 | $3.0B | $1.0B | ||
| Q2 25 | $3.0B | $1.0B | ||
| Q1 25 | $3.1B | $1.0B | ||
| Q4 24 | $3.1B | $1.0B | ||
| Q3 24 | $3.2B | $1.0B | ||
| Q2 24 | $3.2B | $1.0B |
股东权益AMVRRM
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $293.0M | ||
| Q3 25 | $2.1B | $403.1M | ||
| Q2 25 | $2.1B | $352.1M | ||
| Q1 25 | $2.1B | $299.6M | ||
| Q4 24 | $2.1B | $265.1M | ||
| Q3 24 | $2.1B | $486.5M | ||
| Q2 24 | $2.1B | $438.6M |
总资产AMVRRM
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $1.6B | ||
| Q3 25 | $5.7B | $1.8B | ||
| Q2 25 | $5.7B | $1.7B | ||
| Q1 25 | $5.8B | $1.6B | ||
| Q4 24 | $5.8B | $1.6B | ||
| Q3 24 | $5.8B | $1.9B | ||
| Q2 24 | $5.8B | $1.8B |
负债/权益比AMVRRM
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 3.51× | ||
| Q3 25 | 1.46× | 2.55× | ||
| Q2 25 | 1.45× | 2.93× | ||
| Q1 25 | 1.49× | 3.45× | ||
| Q4 24 | 1.47× | 3.90× | ||
| Q3 24 | 1.49× | 2.13× | ||
| Q2 24 | 1.50× | 2.36× |
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 | $40.0M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | $5.7M |
| 自由现金流率自由现金流/营收 | 64.2% | 2.2% |
| 资本支出强度资本支出/营收 | 11.1% | 13.3% |
| 现金转化率经营现金流/净利润 | 1.65× | 2.12× |
| 过去12个月自由现金流最近4个季度 | — | $136.7M |
8季度趋势，按日历期对齐
经营现金流AMVRRM
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $40.0M | ||
| Q3 25 | $212.8M | $77.7M | ||
| Q2 25 | $265.2M | $75.1M | ||
| Q1 25 | $198.9M | $63.0M | ||
| Q4 24 | $232.7M | $40.5M | ||
| Q3 24 | $184.9M | $108.8M | ||
| Q2 24 | $215.8M | $40.0M |
自由现金流AMVRRM
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $5.7M | ||
| Q3 25 | — | $49.0M | ||
| Q2 25 | — | $40.3M | ||
| Q1 25 | — | $41.7M | ||
| Q4 24 | — | $21.6M | ||
| Q3 24 | $184.3M | $85.1M | ||
| Q2 24 | $147.2M | $26.0M |
自由现金流率AMVRRM
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 18.7% | ||
| Q2 25 | — | 17.1% | ||
| Q1 25 | — | 18.7% | ||
| Q4 24 | — | 9.8% | ||
| Q3 24 | 68.3% | 37.7% | ||
| Q2 24 | 54.6% | 11.7% |
资本支出强度AMVRRM
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 13.3% | ||
| Q3 25 | — | 11.0% | ||
| Q2 25 | — | 14.8% | ||
| Q1 25 | — | 9.5% | ||
| Q4 24 | 0.0% | 8.5% | ||
| Q3 24 | 0.2% | 10.5% | ||
| Q2 24 | 25.4% | 6.3% |
现金转化率AMVRRM
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 2.12× | ||
| Q3 25 | 1.84× | 1.66× | ||
| Q2 25 | 2.13× | 1.95× | ||
| Q1 25 | 1.65× | 1.95× | ||
| Q4 24 | 2.09× | — | ||
| Q3 24 | 1.85× | 3.13× | ||
| Q2 24 | 2.51× | 1.17× |
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% |
VRRM
| Services | $239.5M | 93% |
| CA | $8.4M | 3% |
| GB | $5.7M | 2% |
| Other Customer | $1.6M | 1% |
| Parking Solutions | $1.1M | 0% |
