vs
ANTERO RESOURCES Corp（AR）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
ANTERO RESOURCES Corp的季度营收约是美泰的1.6倍（$1.4B vs $862.2M），美泰同比增速更快（4.3% vs -30.5%），ANTERO RESOURCES Corp自由现金流更多（$235.6M vs $-88.1M），过去两年ANTERO RESOURCES Corp的营收复合增速更高（17.6% vs -10.6%）
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。
美泰是美国知名玩具及娱乐企业，旗下影视制作部门美泰影业运营时间为2018年9月6日至2025年6月2日。其前身为2013年10月16日成立的美泰Playground Productions，更早可追溯至美泰娱乐、美泰工作室等集团原有娱乐业务品牌。
AR vs MAT — 直观对比
营收规模更大
AR
是对方的1.6倍
$862.2M
营收增速更快
MAT
高出34.8%
-30.5%
自由现金流更多
AR
多$323.7M
$-88.1M
两年增速更快
AR
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $862.2M |
| 净利润 | — | $61.0M |
| 毛利率 | — | 44.9% |
| 营业利润率 | 20.1% | — |
| 净利率 | — | 7.1% |
| 营收同比 | -30.5% | 4.3% |
| 净利润同比 | — | 251.4% |
| 每股收益（稀释后） | $0.66 | $0.20 |
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ARMAT
| Q1 26 | $1.4B | $862.2M | ||
| Q4 25 | $1.4B | $1.8B | ||
| Q3 25 | $1.2B | $1.7B | ||
| Q2 25 | $1.3B | $1.0B | ||
| Q1 25 | $1.4B | $826.6M | ||
| Q4 24 | $1.2B | $1.6B | ||
| Q3 24 | $1.1B | $1.8B | ||
| Q2 24 | $978.7M | $1.1B |
净利润ARMAT
| Q1 26 | — | $61.0M | ||
| Q4 25 | $202.9M | $106.2M | ||
| Q3 25 | $85.6M | $278.4M | ||
| Q2 25 | $166.6M | $53.4M | ||
| Q1 25 | $219.5M | $-40.3M | ||
| Q4 24 | $158.8M | $140.9M | ||
| Q3 24 | $-25.2M | $372.4M | ||
| Q2 24 | $-74.6M | $56.9M |
毛利率ARMAT
| Q1 26 | — | 44.9% | ||
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 50.0% | ||
| Q2 25 | — | 50.9% | ||
| Q1 25 | — | 49.4% | ||
| Q4 24 | — | 50.7% | ||
| Q3 24 | — | 53.1% | ||
| Q2 24 | — | 49.2% |
营业利润率ARMAT
| Q1 26 | 20.1% | — | ||
| Q4 25 | 20.5% | 8.0% | ||
| Q3 25 | 9.7% | 21.9% | ||
| Q2 25 | 15.8% | 7.7% | ||
| Q1 25 | 20.1% | -6.4% | ||
| Q4 24 | 4.9% | 9.6% | ||
| Q3 24 | -2.4% | 26.5% | ||
| Q2 24 | -8.2% | 7.7% |
净利率ARMAT
| Q1 26 | — | 7.1% | ||
| Q4 25 | 14.4% | 6.0% | ||
| Q3 25 | 7.1% | 16.0% | ||
| Q2 25 | 12.8% | 5.2% | ||
| Q1 25 | 16.2% | -4.9% | ||
| Q4 24 | 13.6% | 8.6% | ||
| Q3 24 | -2.4% | 20.2% | ||
| Q2 24 | -7.6% | 5.3% |
每股收益（稀释后）ARMAT
| Q1 26 | $0.66 | $0.20 | ||
| Q4 25 | $0.63 | $0.32 | ||
| Q3 25 | $0.24 | $0.88 | ||
| Q2 25 | $0.50 | $0.16 | ||
| Q1 25 | $0.66 | $-0.12 | ||
| Q4 24 | $0.48 | $0.40 | ||
| Q3 24 | $-0.11 | $1.09 | ||
| Q2 24 | $-0.26 | $0.17 |
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 | — | $866.0M |
| 总债务越低越好 | $1.4B | $2.3B |
| 股东权益账面价值 | $7.6B | $2.1B |
| 总资产 | $13.2B | $6.3B |
| 负债/权益比越低杠杆越低 | 0.19× | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资ARMAT
| Q1 26 | — | $866.0M | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $691.9M | ||
| Q2 25 | — | $870.5M | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $723.5M | ||
| Q2 24 | — | $722.4M |
总债务ARMAT
| Q1 26 | $1.4B | $2.3B | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.3B |
股东权益ARMAT
| Q1 26 | $7.6B | $2.1B | ||
| Q4 25 | $7.6B | $2.2B | ||
| Q3 25 | $7.3B | $2.3B | ||
| Q2 25 | $7.3B | $2.2B | ||
| Q1 25 | $7.2B | $2.1B | ||
| Q4 24 | $7.0B | $2.3B | ||
| Q3 24 | $7.0B | $2.3B | ||
| Q2 24 | $7.0B | $2.0B |
总资产ARMAT
| Q1 26 | $13.2B | $6.3B | ||
| Q4 25 | $13.2B | $6.6B | ||
| Q3 25 | $12.9B | $6.6B | ||
| Q2 25 | $12.8B | $6.2B | ||
| Q1 25 | $13.0B | $6.2B | ||
| Q4 24 | $13.0B | $6.5B | ||
| Q3 24 | $13.2B | $6.5B | ||
| Q2 24 | $13.4B | $5.9B |
负债/权益比ARMAT
| Q1 26 | 0.19× | 1.11× | ||
| Q4 25 | — | 1.04× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 1.08× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.03× | ||
| Q3 24 | — | 1.01× | ||
| Q2 24 | — | 1.18× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $235.6M | $-88.1M |
| 自由现金流率自由现金流/营收 | 17.4% | -10.2% |
| 资本支出强度资本支出/营收 | — | 7.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 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ARMAT
| Q1 26 | $457.7M | — | ||
| Q4 25 | $370.7M | $796.6M | ||
| Q3 25 | $310.1M | $72.0M | ||
| Q2 25 | $492.4M | $-300.1M | ||
| Q1 25 | $457.7M | $24.8M | ||
| Q4 24 | $278.0M | $862.1M | ||
| Q3 24 | $166.2M | $155.8M | ||
| Q2 24 | $143.5M | $-252.9M |
自由现金流ARMAT
| Q1 26 | $235.6M | $-88.1M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率ARMAT
| Q1 26 | 17.4% | -10.2% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
资本支出强度ARMAT
| Q1 26 | — | 7.6% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率ARMAT
| Q1 26 | — | — | ||
| Q4 25 | 1.83× | 7.50× | ||
| Q3 25 | 3.62× | 0.26× | ||
| Q2 25 | 2.96× | -5.62× | ||
| Q1 25 | 2.09× | — | ||
| Q4 24 | 1.75× | 6.12× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | -4.45× |
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% |
MAT
暂无分部数据
