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ANTERO RESOURCES Corp（AR）与欧文斯科宁（OC）财务数据对比。点击上方公司名可切换其他公司
欧文斯科宁的季度营收约是ANTERO RESOURCES Corp的1.5倍（$2.1B vs $1.4B），ANTERO RESOURCES Corp净利率更高（14.4% vs -13.9%，领先28.3%），ANTERO RESOURCES Corp同比增速更快（20.8% vs -24.6%），过去两年ANTERO RESOURCES Corp的营收复合增速更高（12.2% vs -3.5%）
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。
欧文斯科宁是美国知名建材及复合材料企业，1935年由康宁玻璃厂与欧文斯-伊利诺伊公司合资组建。主营保温材料、屋面材料、玻璃纤维复合材料及相关产品，是全球最大的玻璃纤维复合材料生产商，全球员工约1.9万人，自1955年《财富》500强榜单创立以来连年上榜。
AR vs OC — 直观对比
营收规模更大
OC
是对方的1.5倍
$1.4B
营收增速更快
AR
高出45.4%
-24.6%
净利率更高
AR
高出28.3%
-13.9%
两年增速更快
AR
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.1B |
| 净利润 | $202.9M | $-298.0M |
| 毛利率 | — | 23.2% |
| 营业利润率 | 20.5% | -10.5% |
| 净利率 | 14.4% | -13.9% |
| 营收同比 | 20.8% | -24.6% |
| 净利润同比 | 27.8% | -15.5% |
| 每股收益（稀释后） | $0.63 | $-3.47 |
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AROC
| Q4 25 | $1.4B | $2.1B | ||
| Q3 25 | $1.2B | $2.7B | ||
| Q2 25 | $1.3B | $2.7B | ||
| Q1 25 | $1.4B | $2.5B | ||
| Q4 24 | $1.2B | $2.8B | ||
| Q3 24 | $1.1B | $3.0B | ||
| Q2 24 | $978.7M | $2.8B | ||
| Q1 24 | $1.1B | $2.3B |
净利润AROC
| Q4 25 | $202.9M | $-298.0M | ||
| Q3 25 | $85.6M | $-494.0M | ||
| Q2 25 | $166.6M | $363.0M | ||
| Q1 25 | $219.5M | $-93.0M | ||
| Q4 24 | $158.8M | $-258.0M | ||
| Q3 24 | $-25.2M | $321.0M | ||
| Q2 24 | $-74.6M | $285.0M | ||
| Q1 24 | $34.7M | $299.0M |
毛利率AROC
| Q4 25 | — | 23.2% | ||
| Q3 25 | — | 28.2% | ||
| Q2 25 | — | 31.2% | ||
| Q1 25 | — | 28.7% | ||
| Q4 24 | — | 28.1% | ||
| Q3 24 | — | 29.8% | ||
| Q2 24 | — | 31.1% | ||
| Q1 24 | — | 29.6% |
营业利润率AROC
| Q4 25 | 20.5% | -10.5% | ||
| Q3 25 | 9.7% | -12.2% | ||
| Q2 25 | 15.8% | 18.4% | ||
| Q1 25 | 20.1% | 16.1% | ||
| Q4 24 | 4.9% | -8.5% | ||
| Q3 24 | -2.4% | 16.7% | ||
| Q2 24 | -8.2% | 16.4% | ||
| Q1 24 | 4.3% | 17.5% |
净利率AROC
| Q4 25 | 14.4% | -13.9% | ||
| Q3 25 | 7.1% | -18.4% | ||
| Q2 25 | 12.8% | 13.2% | ||
| Q1 25 | 16.2% | -3.7% | ||
| Q4 24 | 13.6% | -9.1% | ||
| Q3 24 | -2.4% | 10.5% | ||
| Q2 24 | -7.6% | 10.2% | ||
| Q1 24 | 3.1% | 13.0% |
每股收益（稀释后）AROC
| Q4 25 | $0.63 | $-3.47 | ||
| Q3 25 | $0.24 | $-5.92 | ||
| Q2 25 | $0.50 | $4.25 | ||
| Q1 25 | $0.66 | $-1.08 | ||
| Q4 24 | $0.48 | $-2.92 | ||
| Q3 24 | $-0.11 | $3.65 | ||
| Q2 24 | $-0.26 | $3.24 | ||
| Q1 24 | $0.07 | $3.40 |
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 | — | $345.0M |
| 总债务越低越好 | — | $4.7B |
| 股东权益账面价值 | $7.6B | $3.9B |
| 总资产 | $13.2B | $13.0B |
| 负债/权益比越低杠杆越低 | — | 1.22× |
8季度趋势，按日历期对齐
现金及短期投资AROC
| Q4 25 | — | $345.0M | ||
| Q3 25 | — | $286.0M | ||
| Q2 25 | — | $230.0M | ||
| Q1 25 | — | $400.0M | ||
| Q4 24 | — | $361.0M | ||
| Q3 24 | — | $499.0M | ||
| Q2 24 | — | $254.0M | ||
| Q1 24 | — | $1.3B |
总债务AROC
| Q4 25 | — | $4.7B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | $5.0B | ||
| Q2 24 | — | $5.0B | ||
| Q1 24 | — | $2.6B |
股东权益AROC
| Q4 25 | $7.6B | $3.9B | ||
| Q3 25 | $7.3B | $4.4B | ||
| Q2 25 | $7.3B | $5.2B | ||
| Q1 25 | $7.2B | $4.9B | ||
| Q4 24 | $7.0B | $5.1B | ||
| Q3 24 | $7.0B | $5.6B | ||
| Q2 24 | $7.0B | $5.5B | ||
| Q1 24 | $7.1B | $5.2B |
总资产AROC
| Q4 25 | $13.2B | $13.0B | ||
| Q3 25 | $12.9B | $13.5B | ||
| Q2 25 | $12.8B | $14.5B | ||
| Q1 25 | $13.0B | $14.3B | ||
| Q4 24 | $13.0B | $14.1B | ||
| Q3 24 | $13.2B | $15.1B | ||
| Q2 24 | $13.4B | $15.0B | ||
| Q1 24 | $13.5B | $11.3B |
负债/权益比AROC
| Q4 25 | — | 1.22× | ||
| Q3 25 | — | 1.06× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.03× | ||
| Q4 24 | — | 1.01× | ||
| Q3 24 | — | 0.89× | ||
| Q2 24 | — | 0.92× | ||
| Q1 24 | — | 0.51× |
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 | $590.0M |
| 自由现金流经营现金流 - 资本支出 | — | $333.0M |
| 自由现金流率自由现金流/营收 | — | 15.5% |
| 资本支出强度资本支出/营收 | — | 12.0% |
| 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 | — | $962.0M |
8季度趋势，按日历期对齐
经营现金流AROC
| Q4 25 | $370.7M | $590.0M | ||
| Q3 25 | $310.1M | $918.0M | ||
| Q2 25 | $492.4M | $327.0M | ||
| Q1 25 | $457.7M | $-49.0M | ||
| Q4 24 | $278.0M | $676.0M | ||
| Q3 24 | $166.2M | $699.0M | ||
| Q2 24 | $143.5M | $493.0M | ||
| Q1 24 | $261.6M | $24.0M |
自由现金流AROC
| Q4 25 | — | $333.0M | ||
| Q3 25 | — | $752.0M | ||
| Q2 25 | — | $129.0M | ||
| Q1 25 | — | $-252.0M | ||
| Q4 24 | — | $479.0M | ||
| Q3 24 | — | $558.0M | ||
| Q2 24 | — | $336.0M | ||
| Q1 24 | — | $-128.0M |
自由现金流率AROC
| Q4 25 | — | 15.5% | ||
| Q3 25 | — | 28.0% | ||
| Q2 25 | — | 4.7% | ||
| Q1 25 | — | -10.0% | ||
| Q4 24 | — | 16.9% | ||
| Q3 24 | — | 18.3% | ||
| Q2 24 | — | 12.0% | ||
| Q1 24 | — | -5.6% |
资本支出强度AROC
| Q4 25 | — | 12.0% | ||
| Q3 25 | — | 6.2% | ||
| Q2 25 | — | 7.2% | ||
| Q1 25 | — | 8.0% | ||
| Q4 24 | — | 6.9% | ||
| Q3 24 | — | 4.6% | ||
| Q2 24 | — | 5.6% | ||
| Q1 24 | — | 6.6% |
现金转化率AROC
| Q4 25 | 1.83× | — | ||
| Q3 25 | 3.62× | — | ||
| Q2 25 | 2.96× | 0.90× | ||
| Q1 25 | 2.09× | — | ||
| Q4 24 | 1.75× | — | ||
| Q3 24 | — | 2.18× | ||
| Q2 24 | — | 1.73× | ||
| Q1 24 | 7.55× | 0.08× |
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% |
OC
| Insulation | $724.0M | 34% |
| Residential | $625.0M | 29% |
| Doors | $427.0M | 20% |
| Discontinued Operations Disposed Of By Sale | $299.0M | 14% |
| Commercial And Industrial Sector | $101.0M | 5% |
