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ANTERO RESOURCES Corp（AR）与BENCHMARK ELECTRONICS INC（BHE）财务数据对比。点击上方公司名可切换其他公司
ANTERO RESOURCES Corp的季度营收约是BENCHMARK ELECTRONICS INC的1.9倍（$1.4B vs $725.8M），ANTERO RESOURCES Corp同比增速更快（20.8% vs 6.2%），过去两年ANTERO RESOURCES Corp的营收复合增速更高（12.2% vs 1.1%）
Antero Resources Corporation是一家美国油气勘探企业，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展开采作业，深耕北美本土油气资源开发领域。
Benchmark Electronics Inc是总部位于美国亚利桑那州坦佩市的电子制造服务（EMS）、原始设计制造（ODM）及原始设备制造（OEM）企业，为客户提供专业的合同制造服务，业务覆盖全球多个区域的电子产业链需求。
AR vs BHE — 直观对比
营收规模更大
AR
是对方的1.9倍
$725.8M
营收增速更快
AR
高出14.6%
6.2%
两年增速更快
AR
近两年复合增速
1.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $725.8M |
| 净利润 | $202.9M | — |
| 毛利率 | — | 10.2% |
| 营业利润率 | 20.5% | 2.8% |
| 净利率 | 14.4% | — |
| 营收同比 | 20.8% | 6.2% |
| 净利润同比 | 27.8% | — |
| 每股收益（稀释后） | $0.63 | $0.16 |
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ARBHE
| Q4 25 | $1.4B | $725.8M | ||
| Q3 25 | $1.2B | $702.6M | ||
| Q2 25 | $1.3B | $665.7M | ||
| Q1 25 | $1.4B | $654.6M | ||
| Q4 24 | $1.2B | $683.6M | ||
| Q3 24 | $1.1B | $680.0M | ||
| Q2 24 | $978.7M | $686.7M | ||
| Q1 24 | $1.1B | $710.6M |
净利润ARBHE
| Q4 25 | $202.9M | — | ||
| Q3 25 | $85.6M | $14.3M | ||
| Q2 25 | $166.6M | $972.0K | ||
| Q1 25 | $219.5M | $3.6M | ||
| Q4 24 | $158.8M | — | ||
| Q3 24 | $-25.2M | $15.4M | ||
| Q2 24 | $-74.6M | $15.5M | ||
| Q1 24 | $34.7M | $14.0M |
毛利率ARBHE
| Q4 25 | — | 10.2% | ||
| Q3 25 | — | 9.7% | ||
| Q2 25 | — | 9.7% | ||
| Q1 25 | — | 9.7% | ||
| Q4 24 | — | 9.9% | ||
| Q3 24 | — | 9.8% | ||
| Q2 24 | — | 9.9% | ||
| Q1 24 | — | 9.5% |
营业利润率ARBHE
| Q4 25 | 20.5% | 2.8% | ||
| Q3 25 | 9.7% | 3.4% | ||
| Q2 25 | 15.8% | 3.1% | ||
| Q1 25 | 20.1% | 1.8% | ||
| Q4 24 | 4.9% | 4.2% | ||
| Q3 24 | -2.4% | 4.1% | ||
| Q2 24 | -8.2% | 4.0% | ||
| Q1 24 | 4.3% | 3.6% |
净利率ARBHE
| Q4 25 | 14.4% | — | ||
| Q3 25 | 7.1% | 2.0% | ||
| Q2 25 | 12.8% | 0.1% | ||
| Q1 25 | 16.2% | 0.6% | ||
| Q4 24 | 13.6% | — | ||
| Q3 24 | -2.4% | 2.3% | ||
| Q2 24 | -7.6% | 2.3% | ||
| Q1 24 | 3.1% | 2.0% |
每股收益（稀释后）ARBHE
| Q4 25 | $0.63 | $0.16 | ||
| Q3 25 | $0.24 | $0.39 | ||
| Q2 25 | $0.50 | $0.03 | ||
| Q1 25 | $0.66 | $0.10 | ||
| Q4 24 | $0.48 | $0.43 | ||
| Q3 24 | $-0.11 | $0.42 | ||
| Q2 24 | $-0.26 | $0.43 | ||
| Q1 24 | $0.07 | $0.38 |
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 | — | $322.1M |
| 总债务越低越好 | — | $206.8M |
| 股东权益账面价值 | $7.6B | $1.1B |
| 总资产 | $13.2B | $2.1B |
| 负债/权益比越低杠杆越低 | — | 0.19× |
8季度趋势，按日历期对齐
现金及短期投资ARBHE
| Q4 25 | — | $322.1M | ||
| Q3 25 | — | $285.4M | ||
| Q2 25 | — | $264.6M | ||
| Q1 25 | — | $355.3M | ||
| Q4 24 | — | $315.2M | ||
| Q3 24 | — | $324.4M | ||
| Q2 24 | — | $309.3M | ||
| Q1 24 | — | $296.1M |
总债务ARBHE
| Q4 25 | — | $206.8M | ||
| Q3 25 | — | $212.6M | ||
| Q2 25 | — | $203.4M | ||
| Q1 25 | — | $268.9M | ||
| Q4 24 | — | $250.5M | ||
| Q3 24 | — | $272.0M | ||
| Q2 24 | — | $283.6M | ||
| Q1 24 | — | $310.1M |
股东权益ARBHE
| Q4 25 | $7.6B | $1.1B | ||
| Q3 25 | $7.3B | $1.1B | ||
| Q2 25 | $7.3B | $1.1B | ||
| Q1 25 | $7.2B | $1.1B | ||
| Q4 24 | $7.0B | $1.1B | ||
| Q3 24 | $7.0B | $1.1B | ||
| Q2 24 | $7.0B | $1.1B | ||
| Q1 24 | $7.1B | $1.1B |
总资产ARBHE
| Q4 25 | $13.2B | $2.1B | ||
| Q3 25 | $12.9B | $2.1B | ||
| Q2 25 | $12.8B | $2.0B | ||
| Q1 25 | $13.0B | $2.1B | ||
| Q4 24 | $13.0B | $2.1B | ||
| Q3 24 | $13.2B | $2.1B | ||
| Q2 24 | $13.4B | $2.2B | ||
| Q1 24 | $13.5B | $2.2B |
负债/权益比ARBHE
| Q4 25 | — | 0.19× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.23× | ||
| Q3 24 | — | 0.25× | ||
| Q2 24 | — | 0.26× | ||
| Q1 24 | — | 0.29× |
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 | $370.7M | $58.7M |
| 自由现金流经营现金流 - 资本支出 | — | $48.2M |
| 自由现金流率自由现金流/营收 | — | 6.6% |
| 资本支出强度资本支出/营收 | — | 1.4% |
| 现金转化率经营现金流/净利润 | 1.83× | — |
| 过去12个月自由现金流最近4个季度 | — | $88.4M |
8季度趋势，按日历期对齐
经营现金流ARBHE
| Q4 25 | $370.7M | $58.7M | ||
| Q3 25 | $310.1M | $36.6M | ||
| Q2 25 | $492.4M | $-2.8M | ||
| Q1 25 | $457.7M | $31.5M | ||
| Q4 24 | $278.0M | $45.9M | ||
| Q3 24 | $166.2M | $39.0M | ||
| Q2 24 | $143.5M | $55.8M | ||
| Q1 24 | $261.6M | $48.5M |
自由现金流ARBHE
| Q4 25 | — | $48.2M | ||
| Q3 25 | — | $25.8M | ||
| Q2 25 | — | $-13.8M | ||
| Q1 25 | — | $28.1M | ||
| Q4 24 | — | $37.2M | ||
| Q3 24 | — | $29.2M | ||
| Q2 24 | — | $48.2M | ||
| Q1 24 | — | $43.3M |
自由现金流率ARBHE
| Q4 25 | — | 6.6% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | -2.1% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | — | 4.3% | ||
| Q2 24 | — | 7.0% | ||
| Q1 24 | — | 6.1% |
资本支出强度ARBHE
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | — | 0.7% |
现金转化率ARBHE
| Q4 25 | 1.83× | — | ||
| Q3 25 | 3.62× | 2.57× | ||
| Q2 25 | 2.96× | -2.90× | ||
| Q1 25 | 2.09× | 8.65× | ||
| Q4 24 | 1.75× | — | ||
| Q3 24 | — | 2.54× | ||
| Q2 24 | — | 3.59× | ||
| Q1 24 | 7.55× | 3.46× |
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
AR
| Natural Gas Production | $773.6M | 55% |
| Natural Gas Liquids Sales C3Ngls | $378.1M | 27% |
| Other | $97.3M | 7% |
| Natural Gas Liquids Sales Ethane | $96.1M | 7% |
| Oil And Condensate | $34.8M | 2% |
| Marketings | $31.7M | 2% |
BHE
| Other | $384.9M | 53% |
| Aerospace And Defense Sector | $107.6M | 15% |
| Healthcare Sector | $81.7M | 11% |
| Advanced Computing And Communications Sector | $70.0M | 10% |
| Semi Cap Sector | $45.4M | 6% |
| Industrial Sector | $25.2M | 3% |
| Intersegment Sales | $11.0M | 2% |
