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Antero Midstream Corp（AM）与WESBANCO INC（WSBC）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WESBANCO INC的1.1倍（$291.1M vs $257.2M），Antero Midstream Corp净利率更高（41.5% vs 34.5%，领先7.0%），过去两年WESBANCO INC的营收复合增速更高（31.9% 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。
WesBanco是一家总部位于美国西弗吉尼亚州惠灵的银行控股公司，业务覆盖广泛，目前在西弗吉尼亚州、俄亥俄州、宾夕法尼亚州西部、肯塔基州、马里兰州及印第安纳州南部拥有超过200家营业网点，为当地客户提供多元金融服务。
AM vs WSBC — 直观对比
营收规模更大
AM
是对方的1.1倍
$257.2M
净利率更高
AM
高出7.0%
34.5%
两年增速更快
WSBC
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $257.2M |
| 净利润 | $120.7M | $88.6M |
| 毛利率 | — | — |
| 营业利润率 | 60.9% | — |
| 净利率 | 41.5% | 34.5% |
| 营收同比 | -7.3% | — |
| 净利润同比 | 2.1% | 54.4% |
| 每股收益（稀释后） | $0.25 | $0.88 |
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AMWSBC
| Q1 26 | $291.1M | $257.2M | ||
| Q4 25 | $297.0M | $265.6M | ||
| Q3 25 | $294.8M | $261.6M | ||
| Q2 25 | $305.5M | $260.7M | ||
| Q1 25 | $291.1M | $193.2M | ||
| Q4 24 | $287.5M | $162.9M | ||
| Q3 24 | $269.9M | $150.8M | ||
| Q2 24 | $269.8M | $147.9M |
净利润AMWSBC
| Q1 26 | $120.7M | $88.6M | ||
| Q4 25 | $51.9M | $91.1M | ||
| Q3 25 | $116.0M | $83.6M | ||
| Q2 25 | $124.5M | $57.4M | ||
| Q1 25 | $120.7M | $-9.0M | ||
| Q4 24 | $111.2M | $49.6M | ||
| Q3 24 | $99.7M | $37.3M | ||
| Q2 24 | $86.0M | $28.9M |
营业利润率AMWSBC
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 43.2% | ||
| Q3 25 | 61.2% | 39.5% | ||
| Q2 25 | 61.0% | 27.2% | ||
| Q1 25 | 60.9% | -5.0% | ||
| Q4 24 | 61.8% | 38.0% | ||
| Q3 24 | 60.2% | 29.7% | ||
| Q2 24 | 56.6% | 23.7% |
净利率AMWSBC
| Q1 26 | 41.5% | 34.5% | ||
| Q4 25 | 17.5% | 34.3% | ||
| Q3 25 | 39.3% | 31.9% | ||
| Q2 25 | 40.8% | 22.0% | ||
| Q1 25 | 41.5% | -4.7% | ||
| Q4 24 | 38.7% | 30.5% | ||
| Q3 24 | 37.0% | 24.7% | ||
| Q2 24 | 31.9% | 19.5% |
每股收益（稀释后）AMWSBC
| Q1 26 | $0.25 | $0.88 | ||
| Q4 25 | $0.11 | $0.97 | ||
| Q3 25 | $0.24 | $0.84 | ||
| Q2 25 | $0.26 | $0.57 | ||
| Q1 25 | $0.25 | $-0.15 | ||
| Q4 24 | $0.23 | $0.72 | ||
| Q3 24 | $0.21 | $0.54 | ||
| Q2 24 | $0.18 | $0.44 |
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 | — |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.0B | $4.1B |
| 总资产 | $5.9B | $27.5B |
| 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AMWSBC
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $956.1M | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $568.1M | ||
| Q3 24 | — | $620.9M | ||
| Q2 24 | — | $486.8M |
总债务AMWSBC
| 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AMWSBC
| Q1 26 | $2.0B | $4.1B | ||
| Q4 25 | $2.0B | $4.0B | ||
| Q3 25 | $2.1B | $4.1B | ||
| Q2 25 | $2.1B | $3.8B | ||
| Q1 25 | $2.1B | $3.8B | ||
| Q4 24 | $2.1B | $2.8B | ||
| Q3 24 | $2.1B | $2.8B | ||
| Q2 24 | $2.1B | $2.5B |
总资产AMWSBC
| Q1 26 | $5.9B | $27.5B | ||
| Q4 25 | $5.9B | $27.7B | ||
| Q3 25 | $5.7B | $27.5B | ||
| Q2 25 | $5.7B | $27.6B | ||
| Q1 25 | $5.8B | $27.4B | ||
| Q4 24 | $5.8B | $18.7B | ||
| Q3 24 | $5.8B | $18.5B | ||
| Q2 24 | $5.8B | $18.1B |
负债/权益比AMWSBC
| 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 | — |
| 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AMWSBC
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $290.4M | ||
| Q3 25 | $212.8M | $116.9M | ||
| Q2 25 | $265.2M | $105.0M | ||
| Q1 25 | $198.9M | $-26.4M | ||
| Q4 24 | $232.7M | $211.0M | ||
| Q3 24 | $184.9M | $60.7M | ||
| Q2 24 | $215.8M | $18.2M |
自由现金流AMWSBC
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $280.0M | ||
| Q3 25 | — | $114.9M | ||
| Q2 25 | — | $98.3M | ||
| Q1 25 | — | $-30.7M | ||
| Q4 24 | — | $200.7M | ||
| Q3 24 | $184.3M | $56.9M | ||
| Q2 24 | $147.2M | $17.3M |
自由现金流率AMWSBC
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | 105.4% | ||
| Q3 25 | — | 43.9% | ||
| Q2 25 | — | 37.7% | ||
| Q1 25 | — | -15.9% | ||
| Q4 24 | — | 123.2% | ||
| Q3 24 | 68.3% | 37.7% | ||
| Q2 24 | 54.6% | 11.7% |
资本支出强度AMWSBC
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 3.9% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | 0.0% | 6.3% | ||
| Q3 24 | 0.2% | 2.5% | ||
| Q2 24 | 25.4% | 0.6% |
现金转化率AMWSBC
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | 3.19× | ||
| Q3 25 | 1.84× | 1.40× | ||
| Q2 25 | 2.13× | 1.83× | ||
| Q1 25 | 1.65× | — | ||
| Q4 24 | 2.09× | 4.25× | ||
| Q3 24 | 1.85× | 1.63× | ||
| Q2 24 | 2.51× | 0.63× |
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% |
WSBC
| Net Interest Income | $215.4M | 84% |
| Noninterest Income | $41.8M | 16% |
