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Antero Midstream Corp（AM）与WD 40 CO（WDFC）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WD 40 CO的1.9倍（$291.1M vs $154.4M），Antero Midstream Corp净利率更高（41.5% vs 11.3%，领先30.2%），WD 40 CO同比增速更快（0.6% vs -7.3%），Antero Midstream Corp自由现金流更多（$186.9M vs $9.1M），过去两年WD 40 CO的营收复合增速更高（5.4% 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。
WD-40公司是全球知名的消费及工业维护用品生产商，核心产品为同名多功能防锈润滑剂，同时布局清洁剂、除油剂、特殊润滑产品等品类，业务覆盖全球170余个国家和地区，服务零售、工业、汽车后市场等多个领域。
AM vs WDFC — 直观对比
营收规模更大
AM
是对方的1.9倍
$154.4M
营收增速更快
WDFC
高出8.0%
-7.3%
净利率更高
AM
高出30.2%
11.3%
自由现金流更多
AM
多$177.8M
$9.1M
两年增速更快
WDFC
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $154.4M |
| 净利润 | $120.7M | $17.5M |
| 毛利率 | — | 56.2% |
| 营业利润率 | 60.9% | 15.1% |
| 净利率 | 41.5% | 11.3% |
| 营收同比 | -7.3% | 0.6% |
| 净利润同比 | 2.1% | -7.8% |
| 每股收益（稀释后） | $0.25 | $1.28 |
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AMWDFC
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $154.4M | ||
| Q3 25 | $294.8M | $163.5M | ||
| Q2 25 | $305.5M | $156.9M | ||
| Q1 25 | $291.1M | $146.1M | ||
| Q4 24 | $287.5M | $153.5M | ||
| Q3 24 | $269.9M | $156.0M | ||
| Q2 24 | $269.8M | $155.0M |
净利润AMWDFC
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $17.5M | ||
| Q3 25 | $116.0M | $21.2M | ||
| Q2 25 | $124.5M | $21.0M | ||
| Q1 25 | $120.7M | $29.9M | ||
| Q4 24 | $111.2M | $18.9M | ||
| Q3 24 | $99.7M | $16.8M | ||
| Q2 24 | $86.0M | $19.8M |
毛利率AMWDFC
| Q1 26 | — | — | ||
| Q4 25 | — | 56.2% | ||
| Q3 25 | — | 54.7% | ||
| Q2 25 | — | 56.2% | ||
| Q1 25 | — | 54.6% | ||
| Q4 24 | — | 54.8% | ||
| Q3 24 | — | 54.1% | ||
| Q2 24 | — | 53.1% |
营业利润率AMWDFC
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 15.1% | ||
| Q3 25 | 61.2% | 17.1% | ||
| Q2 25 | 61.0% | 17.4% | ||
| Q1 25 | 60.9% | 15.9% | ||
| Q4 24 | 61.8% | 16.4% | ||
| Q3 24 | 60.2% | 15.4% | ||
| Q2 24 | 56.6% | 17.5% |
净利率AMWDFC
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | 11.3% | ||
| Q3 25 | 39.3% | 13.0% | ||
| Q2 25 | 40.8% | 13.4% | ||
| Q1 25 | 41.5% | 20.4% | ||
| Q4 24 | 38.7% | 12.3% | ||
| Q3 24 | 37.0% | 10.8% | ||
| Q2 24 | 31.9% | 12.8% |
每股收益（稀释后）AMWDFC
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $1.28 | ||
| Q3 25 | $0.24 | $1.57 | ||
| Q2 25 | $0.26 | $1.54 | ||
| Q1 25 | $0.25 | $2.19 | ||
| Q4 24 | $0.23 | $1.39 | ||
| Q3 24 | $0.21 | $1.23 | ||
| Q2 24 | $0.18 | $1.46 |
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 | $48.6M |
| 总债务越低越好 | $3.2B | $85.7M |
| 股东权益账面价值 | $2.0B | $264.1M |
| 总资产 | $5.9B | $459.7M |
| 负债/权益比越低杠杆越低 | 1.63× | 0.32× |
8季度趋势，按日历期对齐
现金及短期投资AMWDFC
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $48.6M | ||
| Q3 25 | — | $58.1M | ||
| Q2 25 | — | $51.7M | ||
| Q1 25 | — | $53.0M | ||
| Q4 24 | — | $54.9M | ||
| Q3 24 | — | $46.7M | ||
| Q2 24 | — | $45.3M |
总债务AMWDFC
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $85.7M | ||
| Q3 25 | $3.0B | $86.2M | ||
| Q2 25 | $3.0B | $85.6M | ||
| Q1 25 | $3.1B | $84.4M | ||
| Q4 24 | $3.1B | $84.6M | ||
| Q3 24 | $3.2B | $86.0M | ||
| Q2 24 | $3.2B | $85.5M |
股东权益AMWDFC
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $264.1M | ||
| Q3 25 | $2.1B | $268.2M | ||
| Q2 25 | $2.1B | $257.1M | ||
| Q1 25 | $2.1B | $242.1M | ||
| Q4 24 | $2.1B | $226.3M | ||
| Q3 24 | $2.1B | $230.5M | ||
| Q2 24 | $2.1B | $222.2M |
总资产AMWDFC
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $459.7M | ||
| Q3 25 | $5.7B | $475.8M | ||
| Q2 25 | $5.7B | $456.0M | ||
| Q1 25 | $5.8B | $458.3M | ||
| Q4 24 | $5.8B | $447.3M | ||
| Q3 24 | $5.8B | $449.0M | ||
| Q2 24 | $5.8B | $443.6M |
负债/权益比AMWDFC
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 0.32× | ||
| Q3 25 | 1.46× | 0.32× | ||
| Q2 25 | 1.45× | 0.33× | ||
| Q1 25 | 1.49× | 0.35× | ||
| Q4 24 | 1.47× | 0.37× | ||
| Q3 24 | 1.49× | 0.37× | ||
| Q2 24 | 1.50× | 0.38× |
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 | $10.0M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | $9.1M |
| 自由现金流率自由现金流/营收 | 64.2% | 5.9% |
| 资本支出强度资本支出/营收 | 11.1% | 0.6% |
| 现金转化率经营现金流/净利润 | 1.65× | 0.57× |
| 过去12个月自由现金流最近4个季度 | — | $78.2M |
8季度趋势，按日历期对齐
经营现金流AMWDFC
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $10.0M | ||
| Q3 25 | $212.8M | $29.9M | ||
| Q2 25 | $265.2M | $35.1M | ||
| Q1 25 | $198.9M | $8.0M | ||
| Q4 24 | $232.7M | $14.9M | ||
| Q3 24 | $184.9M | $27.2M | ||
| Q2 24 | $215.8M | $19.9M |
自由现金流AMWDFC
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $9.1M | ||
| Q3 25 | — | $28.6M | ||
| Q2 25 | — | $34.0M | ||
| Q1 25 | — | $6.6M | ||
| Q4 24 | — | $14.2M | ||
| Q3 24 | $184.3M | $26.4M | ||
| Q2 24 | $147.2M | $18.7M |
自由现金流率AMWDFC
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | 5.9% | ||
| Q3 25 | — | 17.5% | ||
| Q2 25 | — | 21.6% | ||
| Q1 25 | — | 4.5% | ||
| Q4 24 | — | 9.3% | ||
| Q3 24 | 68.3% | 16.9% | ||
| Q2 24 | 54.6% | 12.0% |
资本支出强度AMWDFC
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | 0.0% | 0.5% | ||
| Q3 24 | 0.2% | 0.5% | ||
| Q2 24 | 25.4% | 0.8% |
现金转化率AMWDFC
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 0.57× | ||
| Q3 25 | 1.84× | 1.41× | ||
| Q2 25 | 2.13× | 1.67× | ||
| Q1 25 | 1.65× | 0.27× | ||
| Q4 24 | 2.09× | 0.79× | ||
| Q3 24 | 1.85× | 1.62× | ||
| Q2 24 | 2.51× | 1.00× |
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% |
WDFC
| Other | $82.6M | 53% |
| WD40Multi Use Product | $56.0M | 36% |
| WD40Specialist | $9.0M | 6% |
| Other Maintenance Products | $4.0M | 3% |
| Homecare And Cleaning Products | $2.7M | 2% |
