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Antero Midstream Corp（AM）与WillScot Holdings Corp（WSC）财务数据对比。点击上方公司名可切换其他公司
WillScot Holdings Corp的季度营收约是Antero Midstream Corp的1.9倍（$566.0M vs $291.1M），Antero Midstream Corp净利率更高（41.5% vs -33.1%，领先74.6%），WillScot Holdings Corp同比增速更快（-6.1% vs -7.3%），Antero Midstream Corp自由现金流更多（$186.9M vs $149.7M），过去两年Antero Midstream Corp的营收复合增速更高（3.9% vs -1.8%）
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。
WillScot Holdings Corp是北美领先的模块化空间及便携式存储服务供应商，服务覆盖建筑、商业开发、教育、医疗、政府项目、特殊活动等多个领域，为客户提供灵活可扩展的临时及半永久空间解决方案。
AM vs WSC — 直观对比
营收规模更大
WSC
是对方的1.9倍
$291.1M
营收增速更快
WSC
高出1.3%
-7.3%
净利率更高
AM
高出74.6%
-33.1%
自由现金流更多
AM
多$37.2M
$149.7M
两年增速更快
AM
近两年复合增速
-1.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $566.0M |
| 净利润 | $120.7M | $-187.3M |
| 毛利率 | — | 50.4% |
| 营业利润率 | 60.9% | -32.5% |
| 净利率 | 41.5% | -33.1% |
| 营收同比 | -7.3% | -6.1% |
| 净利润同比 | 2.1% | -310.0% |
| 每股收益（稀释后） | $0.25 | $-1.02 |
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AMWSC
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $566.0M | ||
| Q3 25 | $294.8M | $566.8M | ||
| Q2 25 | $305.5M | $589.1M | ||
| Q1 25 | $291.1M | $559.6M | ||
| Q4 24 | $287.5M | $602.5M | ||
| Q3 24 | $269.9M | $601.4M | ||
| Q2 24 | $269.8M | $604.6M |
净利润AMWSC
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | $-187.3M | ||
| Q3 25 | $116.0M | $43.3M | ||
| Q2 25 | $124.5M | $47.9M | ||
| Q1 25 | $120.7M | $43.1M | ||
| Q4 24 | $111.2M | $89.2M | ||
| Q3 24 | $99.7M | $-70.5M | ||
| Q2 24 | $86.0M | $-46.9M |
毛利率AMWSC
| Q1 26 | — | — | ||
| Q4 25 | — | 50.4% | ||
| Q3 25 | — | 49.7% | ||
| Q2 25 | — | 50.3% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | — | 55.8% | ||
| Q3 24 | — | 53.5% | ||
| Q2 24 | — | 54.1% |
营业利润率AMWSC
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | -32.5% | ||
| Q3 25 | 61.2% | 21.0% | ||
| Q2 25 | 61.0% | 21.5% | ||
| Q1 25 | 60.9% | 21.3% | ||
| Q4 24 | 61.8% | 28.9% | ||
| Q3 24 | 60.2% | -5.9% | ||
| Q2 24 | 56.6% | -0.9% |
净利率AMWSC
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | -33.1% | ||
| Q3 25 | 39.3% | 7.6% | ||
| Q2 25 | 40.8% | 8.1% | ||
| Q1 25 | 41.5% | 7.7% | ||
| Q4 24 | 38.7% | 14.8% | ||
| Q3 24 | 37.0% | -11.7% | ||
| Q2 24 | 31.9% | -7.7% |
每股收益（稀释后）AMWSC
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $-1.02 | ||
| Q3 25 | $0.24 | $0.24 | ||
| Q2 25 | $0.26 | $0.26 | ||
| Q1 25 | $0.25 | $0.23 | ||
| Q4 24 | $0.23 | $0.48 | ||
| Q3 24 | $0.21 | $-0.37 | ||
| Q2 24 | $0.18 | $-0.25 |
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 | $14.6M |
| 总债务越低越好 | $3.2B | $3.6B |
| 股东权益账面价值 | $2.0B | $856.3M |
| 总资产 | $5.9B | $5.8B |
| 负债/权益比越低杠杆越低 | 1.63× | 4.15× |
8季度趋势，按日历期对齐
现金及短期投资AMWSC
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $14.6M | ||
| Q3 25 | — | $14.8M | ||
| Q2 25 | — | $12.8M | ||
| Q1 25 | — | $10.7M | ||
| Q4 24 | — | $9.0M | ||
| Q3 24 | — | $11.0M | ||
| Q2 24 | — | $5.9M |
总债务AMWSC
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $3.6B | ||
| Q3 25 | $3.0B | $3.6B | ||
| Q2 25 | $3.0B | $3.7B | ||
| Q1 25 | $3.1B | $3.6B | ||
| Q4 24 | $3.1B | $3.7B | ||
| Q3 24 | $3.2B | $3.6B | ||
| Q2 24 | $3.2B | $3.5B |
股东权益AMWSC
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $856.3M | ||
| Q3 25 | $2.1B | $1.1B | ||
| Q2 25 | $2.1B | $1.0B | ||
| Q1 25 | $2.1B | $1.0B | ||
| Q4 24 | $2.1B | $1.0B | ||
| Q3 24 | $2.1B | $1.1B | ||
| Q2 24 | $2.1B | $1.2B |
总资产AMWSC
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $5.8B | ||
| Q3 25 | $5.7B | $6.1B | ||
| Q2 25 | $5.7B | $6.1B | ||
| Q1 25 | $5.8B | $6.0B | ||
| Q4 24 | $5.8B | $6.0B | ||
| Q3 24 | $5.8B | $6.0B | ||
| Q2 24 | $5.8B | $6.0B |
负债/权益比AMWSC
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | 4.15× | ||
| Q3 25 | 1.46× | 3.39× | ||
| Q2 25 | 1.45× | 3.55× | ||
| Q1 25 | 1.49× | 3.56× | ||
| Q4 24 | 1.47× | 3.62× | ||
| Q3 24 | 1.49× | 3.42× | ||
| Q2 24 | 1.50× | 2.88× |
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 | $158.9M |
| 自由现金流经营现金流 - 资本支出 | $186.9M | $149.7M |
| 自由现金流率自由现金流/营收 | 64.2% | 26.5% |
| 资本支出强度资本支出/营收 | 11.1% | 1.6% |
| 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 | — | $737.7M |
8季度趋势，按日历期对齐
经营现金流AMWSC
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $158.9M | ||
| Q3 25 | $212.8M | $191.2M | ||
| Q2 25 | $265.2M | $205.3M | ||
| Q1 25 | $198.9M | $206.6M | ||
| Q4 24 | $232.7M | $178.9M | ||
| Q3 24 | $184.9M | $-1.6M | ||
| Q2 24 | $215.8M | $175.6M |
自由现金流AMWSC
| Q1 26 | $186.9M | — | ||
| Q4 25 | — | $149.7M | ||
| Q3 25 | — | $186.9M | ||
| Q2 25 | — | $199.0M | ||
| Q1 25 | — | $202.0M | ||
| Q4 24 | — | $176.6M | ||
| Q3 24 | $184.3M | $-4.9M | ||
| Q2 24 | $147.2M | $169.4M |
自由现金流率AMWSC
| Q1 26 | 64.2% | — | ||
| Q4 25 | — | 26.5% | ||
| Q3 25 | — | 33.0% | ||
| Q2 25 | — | 33.8% | ||
| Q1 25 | — | 36.1% | ||
| Q4 24 | — | 29.3% | ||
| Q3 24 | 68.3% | -0.8% | ||
| Q2 24 | 54.6% | 28.0% |
资本支出强度AMWSC
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | 0.0% | 0.4% | ||
| Q3 24 | 0.2% | 0.6% | ||
| Q2 24 | 25.4% | 1.0% |
现金转化率AMWSC
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | — | ||
| Q3 25 | 1.84× | 4.41× | ||
| Q2 25 | 2.13× | 4.28× | ||
| Q1 25 | 1.65× | 4.80× | ||
| Q4 24 | 2.09× | 2.01× | ||
| 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% |
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
