vs
Antero Midstream Corp（AM）与VIRTUS INVESTMENT PARTNERS, INC.（VRTS）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VIRTUS INVESTMENT PARTNERS, INC.的1.5倍（$291.1M vs $199.5M），Antero Midstream Corp净利率更高（41.5% vs 3.6%，领先37.9%），VIRTUS INVESTMENT PARTNERS, INC.同比增速更快（-4.1% vs -7.3%），过去两年Antero Midstream Corp的营收复合增速更高（3.9% vs -5.7%）
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。
Virtus Investment Partners是一家美国多管理人资产管理企业，旗下汇集多家具备独立投资流程与自有品牌的关联投资管理人，同时也提供非关联子投资顾问服务，为客户提供多元化的资产管理解决方案。
AM vs VRTS — 直观对比
营收规模更大
AM
是对方的1.5倍
$199.5M
营收增速更快
VRTS
高出3.3%
-7.3%
净利率更高
AM
高出37.9%
3.6%
两年增速更快
AM
近两年复合增速
-5.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $199.5M |
| 净利润 | $120.7M | $7.1M |
| 毛利率 | — | — |
| 营业利润率 | 60.9% | 7.7% |
| 净利率 | 41.5% | 3.6% |
| 营收同比 | -7.3% | -4.1% |
| 净利润同比 | 2.1% | -78.1% |
| 每股收益（稀释后） | $0.25 | $1.05 |
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AMVRTS
| Q1 26 | $291.1M | $199.5M | ||
| Q4 25 | $297.0M | $208.0M | ||
| Q3 25 | $294.8M | $216.4M | ||
| Q2 25 | $305.5M | $210.5M | ||
| Q1 25 | $291.1M | $217.9M | ||
| Q4 24 | $287.5M | $233.5M | ||
| Q3 24 | $269.9M | $227.0M | ||
| Q2 24 | $269.8M | $224.4M |
净利润AMVRTS
| Q1 26 | $120.7M | $7.1M | ||
| Q4 25 | $51.9M | $33.9M | ||
| Q3 25 | $116.0M | $31.3M | ||
| Q2 25 | $124.5M | $42.7M | ||
| Q1 25 | $120.7M | $28.1M | ||
| Q4 24 | $111.2M | $39.5M | ||
| Q3 24 | $99.7M | $49.1M | ||
| Q2 24 | $86.0M | $26.0M |
营业利润率AMVRTS
| Q1 26 | 60.9% | 7.7% | ||
| Q4 25 | 33.8% | 19.1% | ||
| Q3 25 | 61.2% | 21.7% | ||
| Q2 25 | 61.0% | 21.5% | ||
| Q1 25 | 60.9% | 16.8% | ||
| Q4 24 | 61.8% | 21.7% | ||
| Q3 24 | 60.2% | 24.3% | ||
| Q2 24 | 56.6% | 19.7% |
净利率AMVRTS
| Q1 26 | 41.5% | 3.6% | ||
| Q4 25 | 17.5% | 16.3% | ||
| Q3 25 | 39.3% | 14.5% | ||
| Q2 25 | 40.8% | 20.3% | ||
| Q1 25 | 41.5% | 12.9% | ||
| Q4 24 | 38.7% | 16.9% | ||
| Q3 24 | 37.0% | 21.6% | ||
| Q2 24 | 31.9% | 11.6% |
每股收益（稀释后）AMVRTS
| Q1 26 | $0.25 | $1.05 | ||
| Q4 25 | $0.11 | $5.15 | ||
| Q3 25 | $0.24 | $4.65 | ||
| Q2 25 | $0.26 | $6.12 | ||
| Q1 25 | $0.25 | $4.05 | ||
| Q4 24 | $0.23 | $4.65 | ||
| Q3 24 | $0.21 | $5.71 | ||
| Q2 24 | $0.18 | $2.43 |
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 | $136.6M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.0B | $93.6B |
| 总资产 | $5.9B | — |
| 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AMVRTS
| Q1 26 | $180.4M | $136.6M | ||
| Q4 25 | $180.4M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务AMVRTS
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $390.0M | ||
| Q3 25 | $3.0B | $390.6M | ||
| Q2 25 | $3.0B | $231.3M | ||
| Q1 25 | $3.1B | $231.7M | ||
| Q4 24 | $3.1B | $232.1M | ||
| Q3 24 | $3.2B | $237.5M | ||
| Q2 24 | $3.2B | $247.6M |
股东权益AMVRTS
| Q1 26 | $2.0B | $93.6B | ||
| Q4 25 | $2.0B | $934.0M | ||
| Q3 25 | $2.1B | $918.7M | ||
| Q2 25 | $2.1B | $896.4M | ||
| Q1 25 | $2.1B | $893.7M | ||
| Q4 24 | $2.1B | $897.5M | ||
| Q3 24 | $2.1B | $889.0M | ||
| Q2 24 | $2.1B | $868.7M |
总资产AMVRTS
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $4.3B | ||
| Q3 25 | $5.7B | $3.9B | ||
| Q2 25 | $5.7B | $3.7B | ||
| Q1 25 | $5.8B | $3.7B | ||
| Q4 24 | $5.8B | $4.0B | ||
| Q3 24 | $5.8B | $3.6B | ||
| Q2 24 | $5.8B | $3.6B |
负债/权益比AMVRTS
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 0.42× | ||
| Q3 25 | 1.46× | 0.43× | ||
| Q2 25 | 1.45× | 0.26× | ||
| Q1 25 | 1.49× | 0.26× | ||
| Q4 24 | 1.47× | 0.26× | ||
| Q3 24 | 1.49× | 0.27× | ||
| Q2 24 | 1.50× | 0.29× |
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 | — |
| 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AMVRTS
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $-67.2M | ||
| Q3 25 | $212.8M | $108.3M | ||
| Q2 25 | $265.2M | $75.8M | ||
| Q1 25 | $198.9M | $-3.8M | ||
| Q4 24 | $232.7M | $1.8M | ||
| Q3 24 | $184.9M | $69.1M | ||
| Q2 24 | $215.8M | $70.0M |
自由现金流AMVRTS
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $-74.1M | ||
| Q3 25 | — | $106.9M | ||
| Q2 25 | — | $74.2M | ||
| Q1 25 | — | $-6.8M | ||
| Q4 24 | — | $-3.8M | ||
| Q3 24 | $184.3M | $68.7M | ||
| Q2 24 | $147.2M | $68.6M |
自由现金流率AMVRTS
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | -35.6% | ||
| Q3 25 | — | 49.4% | ||
| Q2 25 | — | 35.2% | ||
| Q1 25 | — | -3.1% | ||
| Q4 24 | — | -1.6% | ||
| Q3 24 | 68.3% | 30.3% | ||
| Q2 24 | 54.6% | 30.6% |
资本支出强度AMVRTS
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | 0.0% | 2.4% | ||
| Q3 24 | 0.2% | 0.2% | ||
| Q2 24 | 25.4% | 0.6% |
现金转化率AMVRTS
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | -1.99× | ||
| Q3 25 | 1.84× | 3.45× | ||
| Q2 25 | 2.13× | 1.77× | ||
| Q1 25 | 1.65× | -0.13× | ||
| Q4 24 | 2.09× | 0.04× | ||
| Q3 24 | 1.85× | 1.41× | ||
| Q2 24 | 2.51× | 2.69× |
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% |
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
