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ANTERO RESOURCES Corp（AR）与DOCUSIGN, INC.（DOCU）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DOCUSIGN, INC.的1.7倍（$1.4B vs $818.4M），DOCUSIGN, INC.同比增速更快（8.4% vs -30.5%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $235.6M）
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。
DocuSign是总部位于美国加利福尼亚州旧金山的软件企业，为各类机构提供多设备支持的电子协议管理及电子签名相关产品。截至2025年，公司在180个国家拥有约170万客户，其处理的签名符合美国ESIGN法案、欧盟eIDAS法规要求，满足欧盟高级及合格签名标准。
AR vs DOCU — 直观对比
营收规模更大
AR
是对方的1.7倍
$818.4M
营收增速更快
DOCU
高出38.9%
-30.5%
自由现金流更多
DOCU
多$27.3M
$235.6M
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $818.4M |
| 净利润 | — | $83.7M |
| 毛利率 | — | 79.2% |
| 营业利润率 | 20.1% | 10.4% |
| 净利率 | — | 10.2% |
| 营收同比 | -30.5% | 8.4% |
| 净利润同比 | — | 34.1% |
| 每股收益（稀释后） | $0.66 | $0.40 |
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ARDOCU
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.4B | $818.4M | ||
| Q3 25 | $1.2B | $800.6M | ||
| Q2 25 | $1.3B | $763.7M | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $978.7M | — |
净利润ARDOCU
| Q1 26 | — | — | ||
| Q4 25 | $202.9M | $83.7M | ||
| Q3 25 | $85.6M | $63.0M | ||
| Q2 25 | $166.6M | $72.1M | ||
| Q1 25 | $219.5M | — | ||
| Q4 24 | $158.8M | — | ||
| Q3 24 | $-25.2M | — | ||
| Q2 24 | $-74.6M | — |
毛利率ARDOCU
| Q1 26 | — | — | ||
| Q4 25 | — | 79.2% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 79.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率ARDOCU
| Q1 26 | 20.1% | — | ||
| Q4 25 | 20.5% | 10.4% | ||
| Q3 25 | 9.7% | 8.1% | ||
| Q2 25 | 15.8% | 7.9% | ||
| Q1 25 | 20.1% | — | ||
| Q4 24 | 4.9% | — | ||
| Q3 24 | -2.4% | — | ||
| Q2 24 | -8.2% | — |
净利率ARDOCU
| Q1 26 | — | — | ||
| Q4 25 | 14.4% | 10.2% | ||
| Q3 25 | 7.1% | 7.9% | ||
| Q2 25 | 12.8% | 9.4% | ||
| Q1 25 | 16.2% | — | ||
| Q4 24 | 13.6% | — | ||
| Q3 24 | -2.4% | — | ||
| Q2 24 | -7.6% | — |
每股收益（稀释后）ARDOCU
| Q1 26 | $0.66 | — | ||
| Q4 25 | $0.63 | $0.40 | ||
| Q3 25 | $0.24 | $0.30 | ||
| Q2 25 | $0.50 | $0.34 | ||
| Q1 25 | $0.66 | — | ||
| Q4 24 | $0.48 | — | ||
| Q3 24 | $-0.11 | — | ||
| Q2 24 | $-0.26 | — |
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 | — | $583.3M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $7.6B | $2.0B |
| 总资产 | $13.2B | $4.0B |
| 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ARDOCU
| Q1 26 | — | — | ||
| Q4 25 | — | $583.3M | ||
| Q3 25 | — | $600.0M | ||
| Q2 25 | — | $657.4M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务ARDOCU
| Q1 26 | $1.4B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ARDOCU
| Q1 26 | $7.6B | — | ||
| Q4 25 | $7.6B | $2.0B | ||
| Q3 25 | $7.3B | $2.0B | ||
| Q2 25 | $7.3B | $2.0B | ||
| Q1 25 | $7.2B | — | ||
| Q4 24 | $7.0B | — | ||
| Q3 24 | $7.0B | — | ||
| Q2 24 | $7.0B | — |
总资产ARDOCU
| Q1 26 | $13.2B | — | ||
| Q4 25 | $13.2B | $4.0B | ||
| Q3 25 | $12.9B | $3.9B | ||
| Q2 25 | $12.8B | $3.9B | ||
| Q1 25 | $13.0B | — | ||
| Q4 24 | $13.0B | — | ||
| Q3 24 | $13.2B | — | ||
| Q2 24 | $13.4B | — |
负债/权益比ARDOCU
| Q1 26 | 0.19× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $290.3M |
| 自由现金流经营现金流 - 资本支出 | $235.6M | $262.9M |
| 自由现金流率自由现金流/营收 | 17.4% | 32.1% |
| 资本支出强度资本支出/营收 | — | 3.3% |
| 现金转化率经营现金流/净利润 | — | 3.47× |
| 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ARDOCU
| Q1 26 | $457.7M | — | ||
| Q4 25 | $370.7M | $290.3M | ||
| Q3 25 | $310.1M | $246.1M | ||
| Q2 25 | $492.4M | $251.4M | ||
| Q1 25 | $457.7M | — | ||
| Q4 24 | $278.0M | — | ||
| Q3 24 | $166.2M | — | ||
| Q2 24 | $143.5M | — |
自由现金流ARDOCU
| Q1 26 | $235.6M | — | ||
| Q4 25 | — | $262.9M | ||
| Q3 25 | — | $217.6M | ||
| Q2 25 | — | $227.8M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率ARDOCU
| Q1 26 | 17.4% | — | ||
| Q4 25 | — | 32.1% | ||
| Q3 25 | — | 27.2% | ||
| Q2 25 | — | 29.8% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
资本支出强度ARDOCU
| Q1 26 | — | — | ||
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率ARDOCU
| Q1 26 | — | — | ||
| Q4 25 | 1.83× | 3.47× | ||
| Q3 25 | 3.62× | 3.91× | ||
| Q2 25 | 2.96× | 3.49× | ||
| Q1 25 | 2.09× | — | ||
| Q4 24 | 1.75× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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% |
DOCU
| Subscription And Circulation | $801.0M | 98% |
| Professional Services And Other | $17.4M | 2% |
