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ANTERO RESOURCES Corp（AR）与芝商所（CME）财务数据对比。点击上方公司名可切换其他公司
芝商所的季度营收约是ANTERO RESOURCES Corp的1.3倍（$1.9B vs $1.4B），ANTERO RESOURCES Corp净利率更高（14.4% vs 0.1%，领先14.3%），ANTERO RESOURCES Corp同比增速更快（20.8% vs 14.5%），过去两年ANTERO RESOURCES Corp的营收复合增速更高（12.2% vs 10.8%）
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。
芝商所是总部位于美国伊利诺伊州芝加哥的金融服务企业，为全球规模最大的金融衍生品交易所运营商，旗下拥有芝加哥商品交易所、芝加哥期货交易所、纽约商业交易所、纽约商品交易所等交易平台，覆盖农产品、货币、能源等品类交易，同时持有标普道琼斯指数27%的股权。
AR vs CME — 直观对比
营收规模更大
CME
是对方的1.3倍
$1.4B
营收增速更快
AR
高出6.3%
14.5%
净利率更高
AR
高出14.3%
0.1%
两年增速更快
AR
近两年复合增速
10.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.9B |
| 净利润 | $202.9M | $1.2M |
| 毛利率 | — | — |
| 营业利润率 | 20.5% | 0.1% |
| 净利率 | 14.4% | 0.1% |
| 营收同比 | 20.8% | 14.5% |
| 净利润同比 | 27.8% | 20.7% |
| 每股收益（稀释后） | $0.63 | — |
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ARCME
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.4B | $1.6B | ||
| Q3 25 | $1.2B | $1.5B | ||
| Q2 25 | $1.3B | $1.7B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.2B | $1.5B | ||
| Q3 24 | $1.1B | $1.6B | ||
| Q2 24 | $978.7M | $1.5B |
净利润ARCME
| Q1 26 | — | $1.2M | ||
| Q4 25 | $202.9M | $1.2B | ||
| Q3 25 | $85.6M | $908.0M | ||
| Q2 25 | $166.6M | $1.0B | ||
| Q1 25 | $219.5M | $956.2M | ||
| Q4 24 | $158.8M | $874.6M | ||
| Q3 24 | $-25.2M | $912.8M | ||
| Q2 24 | $-74.6M | $883.2M |
营业利润率ARCME
| Q1 26 | — | 0.1% | ||
| Q4 25 | 20.5% | 61.8% | ||
| Q3 25 | 9.7% | 63.3% | ||
| Q2 25 | 15.8% | 66.7% | ||
| Q1 25 | 20.1% | 67.5% | ||
| Q4 24 | 4.9% | 62.1% | ||
| Q3 24 | -2.4% | 64.6% | ||
| Q2 24 | -8.2% | 65.3% |
净利率ARCME
| Q1 26 | — | 0.1% | ||
| Q4 25 | 14.4% | 71.7% | ||
| Q3 25 | 7.1% | 59.1% | ||
| Q2 25 | 12.8% | 60.6% | ||
| Q1 25 | 16.2% | 58.2% | ||
| Q4 24 | 13.6% | 57.3% | ||
| Q3 24 | -2.4% | 57.6% | ||
| Q2 24 | -7.6% | 57.6% |
每股收益（稀释后）ARCME
| Q1 26 | — | — | ||
| Q4 25 | $0.63 | $3.24 | ||
| Q3 25 | $0.24 | $2.49 | ||
| Q2 25 | $0.50 | $2.81 | ||
| Q1 25 | $0.66 | $2.62 | ||
| Q4 24 | $0.48 | $2.40 | ||
| Q3 24 | $-0.11 | $2.50 | ||
| Q2 24 | $-0.26 | $2.42 |
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 | — | $2.4B |
| 总债务越低越好 | — | $3.4B |
| 股东权益账面价值 | $7.6B | — |
| 总资产 | $13.2B | $202.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ARCME
| Q1 26 | — | $2.4B | ||
| Q4 25 | — | $4.5B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $1.9B |
总债务ARCME
| Q1 26 | — | $3.4B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ARCME
| Q1 26 | — | — | ||
| Q4 25 | $7.6B | $28.7B | ||
| Q3 25 | $7.3B | $28.2B | ||
| Q2 25 | $7.3B | $27.7B | ||
| Q1 25 | $7.2B | $27.0B | ||
| Q4 24 | $7.0B | $26.5B | ||
| Q3 24 | $7.0B | $28.2B | ||
| Q2 24 | $7.0B | $27.6B |
总资产ARCME
| Q1 26 | — | $202.0B | ||
| Q4 25 | $13.2B | $198.4B | ||
| Q3 25 | $12.9B | $187.1B | ||
| Q2 25 | $12.8B | $179.9B | ||
| Q1 25 | $13.0B | $157.8B | ||
| Q4 24 | $13.0B | $137.4B | ||
| Q3 24 | $13.2B | $137.8B | ||
| Q2 24 | $13.4B | $123.4B |
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 | — |
| 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 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流ARCME
| Q1 26 | — | — | ||
| Q4 25 | $370.7M | $1.1B | ||
| Q3 25 | $310.1M | $968.1M | ||
| Q2 25 | $492.4M | $1.1B | ||
| Q1 25 | $457.7M | $1.1B | ||
| Q4 24 | $278.0M | $1.0B | ||
| Q3 24 | $166.2M | $1.0B | ||
| Q2 24 | $143.5M | $776.9M |
自由现金流ARCME
| Q1 26 | — | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $949.7M | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $991.7M | ||
| Q3 24 | — | $973.2M | ||
| Q2 24 | — | $758.7M |
自由现金流率ARCME
| Q1 26 | — | — | ||
| Q4 25 | — | 66.8% | ||
| Q3 25 | — | 61.8% | ||
| Q2 25 | — | 61.5% | ||
| Q1 25 | — | 67.1% | ||
| Q4 24 | — | 65.0% | ||
| Q3 24 | — | 61.4% | ||
| Q2 24 | — | 49.5% |
资本支出强度ARCME
| Q1 26 | — | — | ||
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 1.2% |
现金转化率ARCME
| Q1 26 | — | — | ||
| Q4 25 | 1.83× | 0.96× | ||
| Q3 25 | 3.62× | 1.07× | ||
| Q2 25 | 2.96× | 1.03× | ||
| Q1 25 | 2.09× | 1.17× | ||
| Q4 24 | 1.75× | 1.16× | ||
| Q3 24 | — | 1.10× | ||
| Q2 24 | — | 0.88× |
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% |
CME
暂无分部数据
