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ANTERO RESOURCES Corp（AR）与F5, Inc.（FFIV）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F5, Inc.的1.7倍（$1.4B vs $822.5M），F5, Inc.净利率更高（21.9% vs 14.4%，领先7.5%），ANTERO RESOURCES Corp同比增速更快（20.8% vs 7.3%），过去两年ANTERO RESOURCES Corp的营收复合增速更高（12.2% vs 9.9%）
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。
F5, Inc.是一家美国科技企业，专注于应用安全、多云管理、线上反欺诈、应用交付网络（ADN）相关业务，同时提供应用可用性与性能优化、网络安全、访问授权管理等产品及解决方案，助力各行业客户保障数字化业务稳定运营，提升运行效率。
AR vs FFIV — 直观对比
营收规模更大
AR
是对方的1.7倍
$822.5M
营收增速更快
AR
高出13.5%
7.3%
净利率更高
FFIV
高出7.5%
14.4%
两年增速更快
AR
近两年复合增速
9.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $822.5M |
| 净利润 | $202.9M | $180.1M |
| 毛利率 | — | 81.5% |
| 营业利润率 | 20.5% | 26.0% |
| 净利率 | 14.4% | 21.9% |
| 营收同比 | 20.8% | 7.3% |
| 净利润同比 | 27.8% | 8.2% |
| 每股收益（稀释后） | $0.63 | $3.10 |
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ARFFIV
| Q4 25 | $1.4B | $822.5M | ||
| Q3 25 | $1.2B | $810.1M | ||
| Q2 25 | $1.3B | $780.4M | ||
| Q1 25 | $1.4B | $731.1M | ||
| Q4 24 | $1.2B | $766.5M | ||
| Q3 24 | $1.1B | $746.7M | ||
| Q2 24 | $978.7M | $695.5M | ||
| Q1 24 | $1.1B | $681.4M |
净利润ARFFIV
| Q4 25 | $202.9M | $180.1M | ||
| Q3 25 | $85.6M | $190.5M | ||
| Q2 25 | $166.6M | $189.9M | ||
| Q1 25 | $219.5M | $145.5M | ||
| Q4 24 | $158.8M | $166.4M | ||
| Q3 24 | $-25.2M | $165.3M | ||
| Q2 24 | $-74.6M | $144.1M | ||
| Q1 24 | $34.7M | $119.0M |
毛利率ARFFIV
| Q4 25 | — | 81.5% | ||
| Q3 25 | — | 82.2% | ||
| Q2 25 | — | 81.0% | ||
| Q1 25 | — | 80.7% | ||
| Q4 24 | — | 81.7% | ||
| Q3 24 | — | 80.8% | ||
| Q2 24 | — | 80.4% | ||
| Q1 24 | — | 79.3% |
营业利润率ARFFIV
| Q4 25 | 20.5% | 26.0% | ||
| Q3 25 | 9.7% | 25.4% | ||
| Q2 25 | 15.8% | 25.2% | ||
| Q1 25 | 20.1% | 21.7% | ||
| Q4 24 | 4.9% | 26.8% | ||
| Q3 24 | -2.4% | 25.6% | ||
| Q2 24 | -8.2% | 23.4% | ||
| Q1 24 | 4.3% | 20.5% |
净利率ARFFIV
| Q4 25 | 14.4% | 21.9% | ||
| Q3 25 | 7.1% | 23.5% | ||
| Q2 25 | 12.8% | 24.3% | ||
| Q1 25 | 16.2% | 19.9% | ||
| Q4 24 | 13.6% | 21.7% | ||
| Q3 24 | -2.4% | 22.1% | ||
| Q2 24 | -7.6% | 20.7% | ||
| Q1 24 | 3.1% | 17.5% |
每股收益（稀释后）ARFFIV
| Q4 25 | $0.63 | $3.10 | ||
| Q3 25 | $0.24 | $3.25 | ||
| Q2 25 | $0.50 | $3.25 | ||
| Q1 25 | $0.66 | $2.48 | ||
| Q4 24 | $0.48 | $2.82 | ||
| Q3 24 | $-0.11 | $2.79 | ||
| Q2 24 | $-0.26 | $2.44 | ||
| Q1 24 | $0.07 | $2.00 |
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 | — | $1.2B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.6B | $3.5B |
| 总资产 | $13.2B | $6.3B |
| 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ARFFIV
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $935.6M | ||
| Q1 24 | — | $903.5M |
股东权益ARFFIV
| Q4 25 | $7.6B | $3.5B | ||
| Q3 25 | $7.3B | $3.6B | ||
| Q2 25 | $7.3B | $3.5B | ||
| Q1 25 | $7.2B | $3.3B | ||
| Q4 24 | $7.0B | $3.2B | ||
| Q3 24 | $7.0B | $3.1B | ||
| Q2 24 | $7.0B | $3.0B | ||
| Q1 24 | $7.1B | $2.9B |
总资产ARFFIV
| Q4 25 | $13.2B | $6.3B | ||
| Q3 25 | $12.9B | $6.3B | ||
| Q2 25 | $12.8B | $6.1B | ||
| Q1 25 | $13.0B | $5.9B | ||
| Q4 24 | $13.0B | $5.9B | ||
| Q3 24 | $13.2B | $5.6B | ||
| Q2 24 | $13.4B | $5.4B | ||
| Q1 24 | $13.5B | $5.4B |
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 | $159.2M |
| 自由现金流经营现金流 - 资本支出 | — | $149.5M |
| 自由现金流率自由现金流/营收 | — | 18.2% |
| 资本支出强度资本支出/营收 | — | 1.2% |
| 现金转化率经营现金流/净利润 | 1.83× | 0.88× |
| 过去12个月自由现金流最近4个季度 | — | $861.2M |
8季度趋势，按日历期对齐
经营现金流ARFFIV
| Q4 25 | $370.7M | $159.2M | ||
| Q3 25 | $310.1M | $208.1M | ||
| Q2 25 | $492.4M | $282.2M | ||
| Q1 25 | $457.7M | $256.6M | ||
| Q4 24 | $278.0M | $202.8M | ||
| Q3 24 | $166.2M | $246.5M | ||
| Q2 24 | $143.5M | $159.0M | ||
| Q1 24 | $261.6M | $221.6M |
自由现金流ARFFIV
| Q4 25 | — | $149.5M | ||
| Q3 25 | — | $191.9M | ||
| Q2 25 | — | $273.7M | ||
| Q1 25 | — | $246.1M | ||
| Q4 24 | — | $194.7M | ||
| Q3 24 | — | $240.4M | ||
| Q2 24 | — | $153.1M | ||
| Q1 24 | — | $212.2M |
自由现金流率ARFFIV
| Q4 25 | — | 18.2% | ||
| Q3 25 | — | 23.7% | ||
| Q2 25 | — | 35.1% | ||
| Q1 25 | — | 33.7% | ||
| Q4 24 | — | 25.4% | ||
| Q3 24 | — | 32.2% | ||
| Q2 24 | — | 22.0% | ||
| Q1 24 | — | 31.1% |
资本支出强度ARFFIV
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 2.0% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 1.4% |
现金转化率ARFFIV
| Q4 25 | 1.83× | 0.88× | ||
| Q3 25 | 3.62× | 1.09× | ||
| Q2 25 | 2.96× | 1.49× | ||
| Q1 25 | 2.09× | 1.76× | ||
| Q4 24 | 1.75× | 1.22× | ||
| Q3 24 | — | 1.49× | ||
| Q2 24 | — | 1.10× | ||
| Q1 24 | 7.55× | 1.86× |
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% |
FFIV
| Services | $412.2M | 50% |
| Products | $410.3M | 50% |
