vs
Antero Midstream Corp（AM）与WisdomTree, Inc.（WT）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WisdomTree, Inc.的1.8倍（$291.1M vs $159.5M），Antero Midstream Corp净利率更高（41.5% vs 25.5%，领先16.0%），WisdomTree, Inc.同比增速更快（47.5% vs -7.3%），过去两年WisdomTree, 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。
WisdomTree, Inc.是总部位于纽约的全球ETF（交易型开放式指数基金）及交易所交易产品发行方与资产管理机构，2006年6月推出首批ETF产品，目前是美国主流ETF供应商之一。其发行的ETF覆盖全球不同资产类别与地区市场，产品线涵盖美国及国际股票、货币、固定收益及另类投资等品类。
AM vs WT — 直观对比
营收规模更大
AM
是对方的1.8倍
$159.5M
营收增速更快
WT
高出54.9%
-7.3%
净利率更高
AM
高出16.0%
25.5%
两年增速更快
WT
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $159.5M |
| 净利润 | $120.7M | $40.6M |
| 毛利率 | — | — |
| 营业利润率 | 60.9% | 37.2% |
| 净利率 | 41.5% | 25.5% |
| 营收同比 | -7.3% | 47.5% |
| 净利润同比 | 2.1% | 76.4% |
| 每股收益（稀释后） | $0.25 | $0.28 |
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AMWT
| Q1 26 | $291.1M | $159.5M | ||
| Q4 25 | $297.0M | $147.4M | ||
| Q3 25 | $294.8M | $125.6M | ||
| Q2 25 | $305.5M | $112.6M | ||
| Q1 25 | $291.1M | $108.1M | ||
| Q4 24 | $287.5M | $110.7M | ||
| Q3 24 | $269.9M | $113.2M | ||
| Q2 24 | $269.8M | $107.0M |
净利润AMWT
| Q1 26 | $120.7M | $40.6M | ||
| Q4 25 | $51.9M | $40.0M | ||
| Q3 25 | $116.0M | $19.7M | ||
| Q2 25 | $124.5M | $24.8M | ||
| Q1 25 | $120.7M | $24.6M | ||
| Q4 24 | $111.2M | $27.3M | ||
| Q3 24 | $99.7M | $-4.5M | ||
| Q2 24 | $86.0M | $21.8M |
营业利润率AMWT
| Q1 26 | 60.9% | 37.2% | ||
| Q4 25 | 33.8% | 40.5% | ||
| Q3 25 | 61.2% | 36.3% | ||
| Q2 25 | 61.0% | 30.8% | ||
| Q1 25 | 60.9% | 31.6% | ||
| Q4 24 | 61.8% | 31.7% | ||
| Q3 24 | 60.2% | 36.0% | ||
| Q2 24 | 56.6% | 31.3% |
净利率AMWT
| Q1 26 | 41.5% | 25.5% | ||
| Q4 25 | 17.5% | 27.1% | ||
| Q3 25 | 39.3% | 15.7% | ||
| Q2 25 | 40.8% | 22.0% | ||
| Q1 25 | 41.5% | 22.8% | ||
| Q4 24 | 38.7% | 24.7% | ||
| Q3 24 | 37.0% | -4.0% | ||
| Q2 24 | 31.9% | 20.3% |
每股收益（稀释后）AMWT
| Q1 26 | $0.25 | $0.28 | ||
| Q4 25 | $0.11 | $0.28 | ||
| Q3 25 | $0.24 | $0.13 | ||
| Q2 25 | $0.26 | $0.17 | ||
| Q1 25 | $0.25 | $0.17 | ||
| Q4 24 | $0.23 | $0.20 | ||
| Q3 24 | $0.21 | $-0.13 | ||
| Q2 24 | $0.18 | $0.13 |
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 | — |
| 总资产 | $5.9B | $1.8B |
| 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AMWT
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $132.5M |
总债务AMWT
| 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AMWT
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $413.7M | ||
| Q3 25 | $2.1B | $373.4M | ||
| Q2 25 | $2.1B | $445.1M | ||
| Q1 25 | $2.1B | $415.6M | ||
| Q4 24 | $2.1B | $400.0M | ||
| Q3 24 | $2.1B | $374.9M | ||
| Q2 24 | $2.1B | $445.6M |
总资产AMWT
| Q1 26 | $5.9B | $1.8B | ||
| Q4 25 | $5.9B | $1.5B | ||
| Q3 25 | $5.7B | $1.4B | ||
| Q2 25 | $5.7B | $1.1B | ||
| Q1 25 | $5.8B | $1.0B | ||
| Q4 24 | $5.8B | $1.0B | ||
| Q3 24 | $5.8B | $1.0B | ||
| Q2 24 | $5.8B | $964.1M |
负债/权益比AMWT
| 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 | $18.0M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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× | 0.44× |
| 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AMWT
| Q1 26 | $198.9M | $18.0M | ||
| Q4 25 | $255.5M | $147.9M | ||
| Q3 25 | $212.8M | $48.1M | ||
| Q2 25 | $265.2M | $38.8M | ||
| Q1 25 | $198.9M | $6.4M | ||
| Q4 24 | $232.7M | $113.5M | ||
| Q3 24 | $184.9M | $47.7M | ||
| Q2 24 | $215.8M | $32.2M |
自由现金流AMWT
| Q1 26 | — | — | ||
| Q4 25 | — | $147.7M | ||
| Q3 25 | — | $48.0M | ||
| Q2 25 | — | $38.7M | ||
| Q1 25 | — | $6.3M | ||
| Q4 24 | — | $113.3M | ||
| Q3 24 | $184.3M | $47.7M | ||
| Q2 24 | $147.2M | $32.2M |
自由现金流率AMWT
| Q1 26 | — | — | ||
| Q4 25 | — | 100.2% | ||
| Q3 25 | — | 38.2% | ||
| Q2 25 | — | 34.4% | ||
| Q1 25 | — | 5.9% | ||
| Q4 24 | — | 102.4% | ||
| Q3 24 | 68.3% | 42.1% | ||
| Q2 24 | 54.6% | 30.1% |
资本支出强度AMWT
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | 0.0% | 0.1% | ||
| Q3 24 | 0.2% | 0.0% | ||
| Q2 24 | 25.4% | 0.0% |
现金转化率AMWT
| Q1 26 | 1.65× | 0.44× | ||
| Q4 25 | 4.92× | 3.70× | ||
| Q3 25 | 1.84× | 2.44× | ||
| Q2 25 | 2.13× | 1.57× | ||
| Q1 25 | 1.65× | 0.26× | ||
| Q4 24 | 2.09× | 4.15× | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 2.51× | 1.48× |
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% |
WT
| Advisory fees | $134.9M | 85% |
| Other | $6.1M | 4% |
| Third-party distribution fees | $5.8M | 4% |
| Management fees | $5.2M | 3% |
| Sales and business development | $4.2M | 3% |
| Professional fees | $3.3M | 2% |
