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Antero Midstream Corp（AM）与Walker & Dunlop, Inc.（WD）财务数据对比。点击上方公司名可切换其他公司
Walker & Dunlop, Inc.的季度营收约是Antero Midstream Corp的1.2倍（$340.0M vs $291.1M），Antero Midstream Corp净利率更高（41.5% vs -12.9%，领先54.4%），Walker & Dunlop, Inc.同比增速更快（-0.4% vs -7.3%），Antero Midstream Corp自由现金流更多（$186.9M vs $-680.1M），过去两年Walker & Dunlop, Inc.的营收复合增速更高（22.1% 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。
Walker & Dunlop, Inc.是美国乃至全球规模领先的商业地产金融与咨询服务机构，为客户提供覆盖商业地产领域的多元金融解决方案及专业咨询服务，业务辐射全球多个市场，在行业内拥有深厚的资源积累与广泛的市场认可度。
AM vs WD — 直观对比
营收规模更大
WD
是对方的1.2倍
$291.1M
营收增速更快
WD
高出6.9%
-7.3%
净利率更高
AM
高出54.4%
-12.9%
自由现金流更多
AM
多$867.0M
$-680.1M
两年增速更快
WD
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $340.0M |
| 净利润 | $120.7M | $-13.9M |
| 毛利率 | — | — |
| 营业利润率 | 60.9% | -17.2% |
| 净利率 | 41.5% | -12.9% |
| 营收同比 | -7.3% | -0.4% |
| 净利润同比 | 2.1% | -131.0% |
| 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AMWD
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $340.0M | ||
| Q3 25 | $294.8M | $337.7M | ||
| Q2 25 | $305.5M | $319.2M | ||
| Q1 25 | $291.1M | $237.4M | ||
| Q4 24 | $287.5M | $341.5M | ||
| Q3 24 | $269.9M | $292.3M | ||
| Q2 24 | $269.8M | $270.7M |
净利润AMWD
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $-13.9M | ||
| Q3 25 | $116.0M | $33.5M | ||
| Q2 25 | $124.5M | $34.0M | ||
| Q1 25 | $120.7M | $2.8M | ||
| Q4 24 | $111.2M | $44.8M | ||
| Q3 24 | $99.7M | $28.8M | ||
| Q2 24 | $86.0M | $22.7M |
营业利润率AMWD
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | -17.2% | ||
| Q3 25 | 61.2% | 13.6% | ||
| Q2 25 | 61.0% | 14.5% | ||
| Q1 25 | 60.9% | 2.2% | ||
| Q4 24 | 61.8% | 15.3% | ||
| Q3 24 | 60.2% | 12.8% | ||
| Q2 24 | 56.6% | 10.4% |
净利率AMWD
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | -12.9% | ||
| Q3 25 | 39.3% | 9.9% | ||
| Q2 25 | 40.8% | 10.6% | ||
| Q1 25 | 41.5% | 1.2% | ||
| Q4 24 | 38.7% | 13.1% | ||
| Q3 24 | 37.0% | 9.9% | ||
| Q2 24 | 31.9% | 8.4% |
每股收益（稀释后）AMWD
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $-0.41 | ||
| Q3 25 | $0.24 | $0.98 | ||
| Q2 25 | $0.26 | $0.99 | ||
| Q1 25 | $0.25 | $0.08 | ||
| Q4 24 | $0.23 | $1.32 | ||
| Q3 24 | $0.21 | $0.85 | ||
| Q2 24 | $0.18 | $0.67 |
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 | $299.3M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.0B | $1.7B |
| 总资产 | $5.9B | $5.1B |
| 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AMWD
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $299.3M | ||
| Q3 25 | — | $274.8M | ||
| Q2 25 | — | $233.7M | ||
| Q1 25 | — | $181.0M | ||
| Q4 24 | — | $279.3M | ||
| Q3 24 | — | $179.8M | ||
| Q2 24 | — | $208.1M |
总债务AMWD
| 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AMWD
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $1.7B | ||
| Q3 25 | $2.1B | $1.8B | ||
| Q2 25 | $2.1B | $1.8B | ||
| Q1 25 | $2.1B | $1.7B | ||
| Q4 24 | $2.1B | $1.7B | ||
| Q3 24 | $2.1B | $1.7B | ||
| Q2 24 | $2.1B | $1.7B |
总资产AMWD
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $5.1B | ||
| Q3 25 | $5.7B | $5.8B | ||
| Q2 25 | $5.7B | $4.7B | ||
| Q1 25 | $5.8B | $4.5B | ||
| Q4 24 | $5.8B | $4.4B | ||
| Q3 24 | $5.8B | $4.6B | ||
| Q2 24 | $5.8B | $4.2B |
负债/权益比AMWD
| 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 | $-664.3M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | $-680.1M |
| 自由现金流率自由现金流/营收 | 64.2% | -200.0% |
| 资本支出强度资本支出/营收 | 11.1% | 4.6% |
| 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 | — | $-2.2B |
8季度趋势，按日历期对齐
经营现金流AMWD
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $-664.3M | ||
| Q3 25 | $212.8M | $-948.1M | ||
| Q2 25 | $265.2M | $-238.5M | ||
| Q1 25 | $198.9M | $-281.1M | ||
| Q4 24 | $232.7M | $129.4M | ||
| Q3 24 | $184.9M | $-202.0M | ||
| Q2 24 | $215.8M | $-237.8M |
自由现金流AMWD
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $-680.1M | ||
| Q3 25 | — | $-950.4M | ||
| Q2 25 | — | $-241.0M | ||
| Q1 25 | — | $-284.7M | ||
| Q4 24 | — | $116.4M | ||
| Q3 24 | $184.3M | $-204.0M | ||
| Q2 24 | $147.2M | $-241.7M |
自由现金流率AMWD
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | -200.0% | ||
| Q3 25 | — | -281.5% | ||
| Q2 25 | — | -75.5% | ||
| Q1 25 | — | -120.0% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | 68.3% | -69.8% | ||
| Q2 24 | 54.6% | -89.3% |
资本支出强度AMWD
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | 0.0% | 3.8% | ||
| Q3 24 | 0.2% | 0.7% | ||
| Q2 24 | 25.4% | 1.4% |
现金转化率AMWD
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | — | ||
| Q3 25 | 1.84× | -28.34× | ||
| Q2 25 | 2.13× | -7.02× | ||
| Q1 25 | 1.65× | -102.07× | ||
| Q4 24 | 2.09× | 2.89× | ||
| Q3 24 | 1.85× | -7.01× | ||
| Q2 24 | 2.51× | -10.49× |
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% |
WD
暂无分部数据
