vs
ANTERO RESOURCES Corp（AR）与亨斯迈（HUN）财务数据对比。点击上方公司名可切换其他公司
ANTERO RESOURCES Corp的季度营收约是亨斯迈的1.0倍（$1.4B vs $1.4B），ANTERO RESOURCES Corp净利率更高（14.4% vs -7.1%，领先21.5%），ANTERO RESOURCES Corp同比增速更快（20.8% vs -6.7%），过去两年ANTERO RESOURCES Corp的营收复合增速更高（12.2% vs -4.0%）
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。
亨斯迈公司是总部位于美国得克萨斯州伍德兰兹的全球化化工巨头，面向消费端与工业客户生产、销售各类化工产品，主营聚氨酯、高性能材料及胶粘剂，客户覆盖宝马、通用电气、雪佛龙、宝洁、联合利华等知名品牌。目前公司在全球25个国家设有60余处生产、研发及运营基地，员工约7000人。
AR vs HUN — 直观对比
营收规模更大
AR
是对方的1.0倍
$1.4B
营收增速更快
AR
高出27.5%
-6.7%
净利率更高
AR
高出21.5%
-7.1%
两年增速更快
AR
近两年复合增速
-4.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.4B |
| 净利润 | $202.9M | $-96.0M |
| 毛利率 | — | 12.1% |
| 营业利润率 | 20.5% | -4.4% |
| 净利率 | 14.4% | -7.1% |
| 营收同比 | 20.8% | -6.7% |
| 净利润同比 | 27.8% | 31.9% |
| 每股收益（稀释后） | $0.63 | $-0.56 |
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ARHUN
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $1.2B | $1.5B | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.2B | $1.5B | ||
| Q3 24 | $1.1B | $1.5B | ||
| Q2 24 | $978.7M | $1.6B | ||
| Q1 24 | $1.1B | $1.5B |
净利润ARHUN
| Q4 25 | $202.9M | $-96.0M | ||
| Q3 25 | $85.6M | $-25.0M | ||
| Q2 25 | $166.6M | $-158.0M | ||
| Q1 25 | $219.5M | $-5.0M | ||
| Q4 24 | $158.8M | $-141.0M | ||
| Q3 24 | $-25.2M | $-33.0M | ||
| Q2 24 | $-74.6M | $22.0M | ||
| Q1 24 | $34.7M | $-37.0M |
毛利率ARHUN
| Q4 25 | — | 12.1% | ||
| Q3 25 | — | 14.0% | ||
| Q2 25 | — | 12.5% | ||
| Q1 25 | — | 14.3% | ||
| Q4 24 | — | 12.9% | ||
| Q3 24 | — | 15.2% | ||
| Q2 24 | — | 15.4% | ||
| Q1 24 | — | 13.7% |
营业利润率ARHUN
| Q4 25 | 20.5% | -4.4% | ||
| Q3 25 | 9.7% | 0.4% | ||
| Q2 25 | 15.8% | -8.2% | ||
| Q1 25 | 20.1% | 3.0% | ||
| Q4 24 | 4.9% | -4.3% | ||
| Q3 24 | -2.4% | 2.7% | ||
| Q2 24 | -8.2% | 2.2% | ||
| Q1 24 | 4.3% | -2.6% |
净利率ARHUN
| Q4 25 | 14.4% | -7.1% | ||
| Q3 25 | 7.1% | -1.7% | ||
| Q2 25 | 12.8% | -10.8% | ||
| Q1 25 | 16.2% | -0.4% | ||
| Q4 24 | 13.6% | -9.7% | ||
| Q3 24 | -2.4% | -2.1% | ||
| Q2 24 | -7.6% | 1.4% | ||
| Q1 24 | 3.1% | -2.5% |
每股收益（稀释后）ARHUN
| Q4 25 | $0.63 | $-0.56 | ||
| Q3 25 | $0.24 | $-0.14 | ||
| Q2 25 | $0.50 | $-0.92 | ||
| Q1 25 | $0.66 | $-0.03 | ||
| Q4 24 | $0.48 | $-0.82 | ||
| Q3 24 | $-0.11 | $-0.19 | ||
| Q2 24 | $-0.26 | $0.13 | ||
| Q1 24 | $0.07 | $-0.22 |
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 | — | $429.0M |
| 总债务越低越好 | — | $2.0B |
| 股东权益账面价值 | $7.6B | $2.8B |
| 总资产 | $13.2B | $7.0B |
| 负债/权益比越低杠杆越低 | — | 0.73× |
8季度趋势，按日历期对齐
现金及短期投资ARHUN
| Q4 25 | — | $429.0M | ||
| Q3 25 | — | $468.0M | ||
| Q2 25 | — | $399.0M | ||
| Q1 25 | — | $334.0M | ||
| Q4 24 | — | $340.0M | ||
| Q3 24 | — | $330.0M | ||
| Q2 24 | — | $335.0M | ||
| Q1 24 | — | $552.0M |
总债务ARHUN
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | — | $2.1B |
股东权益ARHUN
| Q4 25 | $7.6B | $2.8B | ||
| Q3 25 | $7.3B | $2.8B | ||
| Q2 25 | $7.3B | $2.8B | ||
| Q1 25 | $7.2B | $3.0B | ||
| Q4 24 | $7.0B | $3.0B | ||
| Q3 24 | $7.0B | $3.1B | ||
| Q2 24 | $7.0B | $3.1B | ||
| Q1 24 | $7.1B | $3.2B |
总资产ARHUN
| Q4 25 | $13.2B | $7.0B | ||
| Q3 25 | $12.9B | $7.1B | ||
| Q2 25 | $12.8B | $7.1B | ||
| Q1 25 | $13.0B | $7.2B | ||
| Q4 24 | $13.0B | $7.1B | ||
| Q3 24 | $13.2B | $7.3B | ||
| Q2 24 | $13.4B | $7.3B | ||
| Q1 24 | $13.5B | $7.6B |
负债/权益比ARHUN
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 0.73× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.62× | ||
| Q3 24 | — | 0.60× | ||
| Q2 24 | — | 0.62× | ||
| Q1 24 | — | 0.65× |
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 | $76.0M |
| 自由现金流经营现金流 - 资本支出 | — | $19.0M |
| 自由现金流率自由现金流/营收 | — | 1.4% |
| 资本支出强度资本支出/营收 | — | 4.2% |
| 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 | — | $116.0M |
8季度趋势，按日历期对齐
经营现金流ARHUN
| Q4 25 | $370.7M | $76.0M | ||
| Q3 25 | $310.1M | $196.0M | ||
| Q2 25 | $492.4M | $91.0M | ||
| Q1 25 | $457.7M | $-74.0M | ||
| Q4 24 | $278.0M | $153.0M | ||
| Q3 24 | $166.2M | $129.0M | ||
| Q2 24 | $143.5M | $46.0M | ||
| Q1 24 | $261.6M | $-65.0M |
自由现金流ARHUN
| Q4 25 | — | $19.0M | ||
| Q3 25 | — | $153.0M | ||
| Q2 25 | — | $54.0M | ||
| Q1 25 | — | $-110.0M | ||
| Q4 24 | — | $102.0M | ||
| Q3 24 | — | $88.0M | ||
| Q2 24 | — | $-4.0M | ||
| Q1 24 | — | $-107.0M |
自由现金流率ARHUN
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 10.5% | ||
| Q2 25 | — | 3.7% | ||
| Q1 25 | — | -7.8% | ||
| Q4 24 | — | 7.0% | ||
| Q3 24 | — | 5.7% | ||
| Q2 24 | — | -0.3% | ||
| Q1 24 | — | -7.3% |
资本支出强度ARHUN
| Q4 25 | — | 4.2% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 3.2% | ||
| Q1 24 | — | 2.9% |
现金转化率ARHUN
| Q4 25 | 1.83× | — | ||
| Q3 25 | 3.62× | — | ||
| Q2 25 | 2.96× | — | ||
| Q1 25 | 2.09× | — | ||
| Q4 24 | 1.75× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.09× | ||
| Q1 24 | 7.55× | — |
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% |
HUN
| Diversified | $897.0M | 66% |
| Specialty | $231.0M | 17% |
| Performance Products | $113.0M | 8% |
| Advanced Materials | $61.0M | 5% |
| Related Party Customers | $19.0M | 1% |
| Other | $12.0M | 1% |
