vs
ANTERO RESOURCES Corp（AR）与CoStar Group（CSGP）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CoStar Group的1.5倍（$1.4B vs $899.9M），CoStar Group同比增速更快（26.9% vs -30.5%），ANTERO RESOURCES Corp自由现金流更多（$235.6M vs $101.3M），过去两年ANTERO RESOURCES Corp的营收复合增速更高（17.6% vs 17.1%）
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。
CoStar Group是1987年成立的美国商业地产服务商，总部位于弗吉尼亚州阿灵顿，业务覆盖北美、欧洲地区，为商业地产行业提供信息、分析及营销解决方案，旗下运营CoStar线上数据库、新闻网站及Apartments.com、Homes.com等多个线上平台。
AR vs CSGP — 直观对比
营收规模更大
AR
是对方的1.5倍
$899.9M
营收增速更快
CSGP
高出57.3%
-30.5%
自由现金流更多
AR
多$134.3M
$101.3M
两年增速更快
AR
近两年复合增速
17.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $899.9M |
| 净利润 | — | $46.5M |
| 毛利率 | — | 78.6% |
| 营业利润率 | 20.1% | 5.5% |
| 净利率 | — | 5.2% |
| 营收同比 | -30.5% | 26.9% |
| 净利润同比 | — | -22.2% |
| 每股收益（稀释后） | $0.66 | $0.12 |
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ARCSGP
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.4B | $899.9M | ||
| Q3 25 | $1.2B | $833.6M | ||
| Q2 25 | $1.3B | $781.3M | ||
| Q1 25 | $1.4B | $732.2M | ||
| Q4 24 | $1.2B | $709.4M | ||
| Q3 24 | $1.1B | $692.6M | ||
| Q2 24 | $978.7M | $677.8M |
净利润ARCSGP
| Q1 26 | — | — | ||
| Q4 25 | $202.9M | $46.5M | ||
| Q3 25 | $85.6M | $-30.9M | ||
| Q2 25 | $166.6M | $6.2M | ||
| Q1 25 | $219.5M | $-14.8M | ||
| Q4 24 | $158.8M | $59.8M | ||
| Q3 24 | $-25.2M | $53.0M | ||
| Q2 24 | $-74.6M | $19.2M |
毛利率ARCSGP
| Q1 26 | — | — | ||
| Q4 25 | — | 78.6% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 78.5% | ||
| Q1 25 | — | 79.1% | ||
| Q4 24 | — | 80.1% | ||
| Q3 24 | — | 79.7% | ||
| Q2 24 | — | 80.0% |
营业利润率ARCSGP
| Q1 26 | 20.1% | — | ||
| Q4 25 | 20.5% | 5.5% | ||
| Q3 25 | 9.7% | -6.1% | ||
| Q2 25 | 15.8% | -3.5% | ||
| Q1 25 | 20.1% | -5.8% | ||
| Q4 24 | 4.9% | 5.6% | ||
| Q3 24 | -2.4% | 3.4% | ||
| Q2 24 | -8.2% | -2.4% |
净利率ARCSGP
| Q1 26 | — | — | ||
| Q4 25 | 14.4% | 5.2% | ||
| Q3 25 | 7.1% | -3.7% | ||
| Q2 25 | 12.8% | 0.8% | ||
| Q1 25 | 16.2% | -2.0% | ||
| Q4 24 | 13.6% | 8.4% | ||
| Q3 24 | -2.4% | 7.7% | ||
| Q2 24 | -7.6% | 2.8% |
每股收益（稀释后）ARCSGP
| Q1 26 | $0.66 | — | ||
| Q4 25 | $0.63 | $0.12 | ||
| Q3 25 | $0.24 | $-0.07 | ||
| Q2 25 | $0.50 | $0.01 | ||
| Q1 25 | $0.66 | $-0.04 | ||
| Q4 24 | $0.48 | $0.14 | ||
| Q3 24 | $-0.11 | $0.13 | ||
| Q2 24 | $-0.26 | $0.05 |
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 | — | $1.6B |
| 总债务越低越好 | $1.4B | $140.0M |
| 股东权益账面价值 | $7.6B | $8.3B |
| 总资产 | $13.2B | $10.5B |
| 负债/权益比越低杠杆越低 | 0.19× | 0.02× |
8季度趋势，按日历期对齐
现金及短期投资ARCSGP
| Q1 26 | — | — | ||
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | — | $4.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务ARCSGP
| Q1 26 | $1.4B | — | ||
| Q4 25 | — | $140.0M | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.0B |
股东权益ARCSGP
| Q1 26 | $7.6B | — | ||
| Q4 25 | $7.6B | $8.3B | ||
| Q3 25 | $7.3B | $8.6B | ||
| Q2 25 | $7.3B | $8.6B | ||
| Q1 25 | $7.2B | $8.6B | ||
| Q4 24 | $7.0B | $7.6B | ||
| Q3 24 | $7.0B | $7.5B | ||
| Q2 24 | $7.0B | $7.4B |
总资产ARCSGP
| Q1 26 | $13.2B | — | ||
| Q4 25 | $13.2B | $10.5B | ||
| Q3 25 | $12.9B | $10.8B | ||
| Q2 25 | $12.8B | $10.5B | ||
| Q1 25 | $13.0B | $10.4B | ||
| Q4 24 | $13.0B | $9.3B | ||
| Q3 24 | $13.2B | $9.1B | ||
| Q2 24 | $13.4B | $9.1B |
负债/权益比ARCSGP
| Q1 26 | 0.19× | — | ||
| Q4 25 | — | 0.02× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× |
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 | $457.7M | $162.1M |
| 自由现金流经营现金流 - 资本支出 | $235.6M | $101.3M |
| 自由现金流率自由现金流/营收 | 17.4% | 11.3% |
| 资本支出强度资本支出/营收 | — | 6.8% |
| 现金转化率经营现金流/净利润 | — | 3.49× |
| 过去12个月自由现金流最近4个季度 | — | $123.0M |
8季度趋势，按日历期对齐
经营现金流ARCSGP
| Q1 26 | $457.7M | — | ||
| Q4 25 | $370.7M | $162.1M | ||
| Q3 25 | $310.1M | $68.2M | ||
| Q2 25 | $492.4M | $146.5M | ||
| Q1 25 | $457.7M | $53.2M | ||
| Q4 24 | $278.0M | $94.6M | ||
| Q3 24 | $166.2M | $100.3M | ||
| Q2 24 | $143.5M | $58.1M |
自由现金流ARCSGP
| Q1 26 | $235.6M | — | ||
| Q4 25 | — | $101.3M | ||
| Q3 25 | — | $-5.5M | ||
| Q2 25 | — | $27.7M | ||
| Q1 25 | — | $-500.0K | ||
| Q4 24 | — | $25.2M | ||
| Q3 24 | — | $40.2M | ||
| Q2 24 | — | $-14.7M |
自由现金流率ARCSGP
| Q1 26 | 17.4% | — | ||
| Q4 25 | — | 11.3% | ||
| Q3 25 | — | -0.7% | ||
| Q2 25 | — | 3.5% | ||
| Q1 25 | — | -0.1% | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | — | 5.8% | ||
| Q2 24 | — | -2.2% |
资本支出强度ARCSGP
| Q1 26 | — | — | ||
| Q4 25 | — | 6.8% | ||
| Q3 25 | — | 8.8% | ||
| Q2 25 | — | 15.2% | ||
| Q1 25 | — | 7.3% | ||
| Q4 24 | — | 9.8% | ||
| Q3 24 | — | 8.7% | ||
| Q2 24 | — | 10.7% |
现金转化率ARCSGP
| Q1 26 | — | — | ||
| Q4 25 | 1.83× | 3.49× | ||
| Q3 25 | 3.62× | — | ||
| Q2 25 | 2.96× | 23.63× | ||
| Q1 25 | 2.09× | — | ||
| Q4 24 | 1.75× | 1.58× | ||
| Q3 24 | — | 1.89× | ||
| Q2 24 | — | 3.03× |
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 sales | $780.0M | 58% |
| Natural gas liquids sales | $561.4M | 42% |
| Oil sales | $50.3M | 4% |
| Other revenue and income | $818.0K | 0% |
CSGP
| Co Star | $503.8M | 56% |
| Other | $283.0M | 31% |
| Loop Net | $94.7M | 11% |
