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Antero Midstream Corp（AM）与Westrock Coffee Co（WEST）财务数据对比。点击上方公司名可切换其他公司
Westrock Coffee Co的季度营收约是Antero Midstream Corp的1.2倍（$339.5M vs $291.1M），Antero Midstream Corp净利率更高（41.5% vs -6.6%，领先48.1%），Westrock Coffee Co同比增速更快（48.3% vs -7.3%），Antero Midstream Corp自由现金流更多（$186.9M vs $27.8M），过去两年Westrock Coffee Co的营收复合增速更高（32.8% 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。
Westrock Coffee Co是一家全球化综合咖啡及饮品解决方案供应商，业务覆盖咖啡、茶与功能性饮品的采购、烘焙、生产及分销，为北美及全球其他区域的零售、餐饮和商业客户提供定制化产品及配套服务。
AM vs WEST — 直观对比
营收规模更大
WEST
是对方的1.2倍
$291.1M
营收增速更快
WEST
高出55.6%
-7.3%
净利率更高
AM
高出48.1%
-6.6%
自由现金流更多
AM
多$159.1M
$27.8M
两年增速更快
WEST
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $339.5M |
| 净利润 | $120.7M | $-22.6M |
| 毛利率 | — | 11.5% |
| 营业利润率 | 60.9% | -2.6% |
| 净利率 | 41.5% | -6.6% |
| 营收同比 | -7.3% | 48.3% |
| 净利润同比 | 2.1% | 8.3% |
| 每股收益（稀释后） | $0.25 | $-0.22 |
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AMWEST
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $339.5M | ||
| Q3 25 | $294.8M | $354.8M | ||
| Q2 25 | $305.5M | $280.9M | ||
| Q1 25 | $291.1M | $213.8M | ||
| Q4 24 | $287.5M | $229.0M | ||
| Q3 24 | $269.9M | $220.9M | ||
| Q2 24 | $269.8M | $208.4M |
净利润AMWEST
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $-22.6M | ||
| Q3 25 | $116.0M | $-19.1M | ||
| Q2 25 | $124.5M | $-21.6M | ||
| Q1 25 | $120.7M | $-27.2M | ||
| Q4 24 | $111.2M | $-24.6M | ||
| Q3 24 | $99.7M | $-14.3M | ||
| Q2 24 | $86.0M | $-17.8M |
毛利率AMWEST
| Q1 26 | — | — | ||
| Q4 25 | — | 11.5% | ||
| Q3 25 | — | 11.7% | ||
| Q2 25 | — | 14.7% | ||
| Q1 25 | — | 13.6% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | — | 16.8% | ||
| Q2 24 | — | 19.9% |
营业利润率AMWEST
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | -2.6% | ||
| Q3 25 | 61.2% | -2.4% | ||
| Q2 25 | 61.0% | -5.3% | ||
| Q1 25 | 60.9% | -6.1% | ||
| Q4 24 | 61.8% | -4.3% | ||
| Q3 24 | 60.2% | -5.8% | ||
| Q2 24 | 56.6% | -7.9% |
净利率AMWEST
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | -6.6% | ||
| Q3 25 | 39.3% | -5.4% | ||
| Q2 25 | 40.8% | -7.7% | ||
| Q1 25 | 41.5% | -12.7% | ||
| Q4 24 | 38.7% | -10.7% | ||
| Q3 24 | 37.0% | -6.5% | ||
| Q2 24 | 31.9% | -8.5% |
每股收益（稀释后）AMWEST
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $-0.22 | ||
| Q3 25 | $0.24 | $-0.20 | ||
| Q2 25 | $0.26 | $-0.23 | ||
| Q1 25 | $0.25 | $-0.29 | ||
| Q4 24 | $0.23 | $-0.26 | ||
| Q3 24 | $0.21 | $-0.16 | ||
| 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 | $49.9M |
| 总债务越低越好 | $3.2B | $444.1M |
| 股东权益账面价值 | $2.0B | $-1.9M |
| 总资产 | $5.9B | $1.2B |
| 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AMWEST
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $49.9M | ||
| Q3 25 | — | $34.0M | ||
| Q2 25 | — | $44.0M | ||
| Q1 25 | — | $33.1M | ||
| Q4 24 | — | $26.2M | ||
| Q3 24 | — | $22.4M | ||
| Q2 24 | — | $24.3M |
总债务AMWEST
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $444.1M | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.1B | — | ||
| Q4 24 | $3.1B | $393.1M | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — |
股东权益AMWEST
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $-1.9M | ||
| Q3 25 | $2.1B | $11.4M | ||
| Q2 25 | $2.1B | $18.2M | ||
| Q1 25 | $2.1B | $71.4M | ||
| Q4 24 | $2.1B | $97.5M | ||
| Q3 24 | $2.1B | $110.3M | ||
| Q2 24 | $2.1B | $81.5M |
总资产AMWEST
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $1.2B | ||
| Q3 25 | $5.7B | $1.2B | ||
| Q2 25 | $5.7B | $1.2B | ||
| Q1 25 | $5.8B | $1.1B | ||
| Q4 24 | $5.8B | $1.1B | ||
| Q3 24 | $5.8B | $1.1B | ||
| Q2 24 | $5.8B | $1.1B |
负债/权益比AMWEST
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.46× | — | ||
| Q2 25 | 1.45× | — | ||
| Q1 25 | 1.49× | — | ||
| Q4 24 | 1.47× | 4.03× | ||
| 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 | $36.7M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | $27.8M |
| 自由现金流率自由现金流/营收 | 64.2% | 8.2% |
| 资本支出强度资本支出/营收 | 11.1% | 2.6% |
| 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 | — | $-107.8M |
8季度趋势，按日历期对齐
经营现金流AMWEST
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $36.7M | ||
| Q3 25 | $212.8M | $-26.6M | ||
| Q2 25 | $265.2M | $-7.0M | ||
| Q1 25 | $198.9M | $-22.1M | ||
| Q4 24 | $232.7M | $2.8M | ||
| Q3 24 | $184.9M | $-332.0K | ||
| Q2 24 | $215.8M | $-23.7M |
自由现金流AMWEST
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $27.8M | ||
| Q3 25 | — | $-44.7M | ||
| Q2 25 | — | $-27.5M | ||
| Q1 25 | — | $-63.4M | ||
| Q4 24 | — | $-15.4M | ||
| Q3 24 | $184.3M | $-36.7M | ||
| Q2 24 | $147.2M | $-59.9M |
自由现金流率AMWEST
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | 8.2% | ||
| Q3 25 | — | -12.6% | ||
| Q2 25 | — | -9.8% | ||
| Q1 25 | — | -29.7% | ||
| Q4 24 | — | -6.7% | ||
| Q3 24 | 68.3% | -16.6% | ||
| Q2 24 | 54.6% | -28.7% |
资本支出强度AMWEST
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | — | 7.3% | ||
| Q1 25 | — | 19.3% | ||
| Q4 24 | 0.0% | 7.9% | ||
| Q3 24 | 0.2% | 16.5% | ||
| Q2 24 | 25.4% | 17.4% |
现金转化率AMWEST
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | — | ||
| Q3 25 | 1.84× | — | ||
| Q2 25 | 2.13× | — | ||
| 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% |
WEST
| Coffee And Tea | $202.6M | 60% |
| Flavors Extracts And Ingredients | $69.6M | 21% |
| Sustainable Sourcing And Traceability Segments | $66.9M | 20% |
