vs
ANTERO RESOURCES Corp（AR）与Ovintiv Inc.（OVV）财务数据对比。点击上方公司名可切换其他公司
Ovintiv Inc.的季度营收约是ANTERO RESOURCES Corp的1.5倍（$2.1B vs $1.4B），Ovintiv Inc.净利率更高（46.1% vs 14.4%，领先31.7%），ANTERO RESOURCES Corp同比增速更快（20.8% vs -6.0%），过去两年ANTERO RESOURCES Corp的营收复合增速更高（12.2% vs -7.2%）
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。
Ovintiv Inc.是一家总部位于美国丹佛的石油企业，前身为加拿大能源公司Encana，于2020年通过重组正式成立，主营石油、天然气的勘探、开发与生产业务，在北美能源领域拥有丰富的运营经验及市场积累。
AR vs OVV — 直观对比
营收规模更大
OVV
是对方的1.5倍
$1.4B
营收增速更快
AR
高出26.8%
-6.0%
净利率更高
OVV
高出31.7%
14.4%
两年增速更快
AR
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.1B |
| 净利润 | $202.9M | $946.0M |
| 毛利率 | — | — |
| 营业利润率 | 20.5% | 21.2% |
| 净利率 | 14.4% | 46.1% |
| 营收同比 | 20.8% | -6.0% |
| 净利润同比 | 27.8% | 1676.7% |
| 每股收益（稀释后） | $0.63 | $3.64 |
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AROVV
| Q4 25 | $1.4B | $2.1B | ||
| Q3 25 | $1.2B | $2.0B | ||
| Q2 25 | $1.3B | $2.2B | ||
| Q1 25 | $1.4B | $2.4B | ||
| Q4 24 | $1.2B | $2.2B | ||
| Q3 24 | $1.1B | $2.2B | ||
| Q2 24 | $978.7M | $2.2B | ||
| Q1 24 | $1.1B | $2.4B |
净利润AROVV
| Q4 25 | $202.9M | $946.0M | ||
| Q3 25 | $85.6M | $148.0M | ||
| Q2 25 | $166.6M | $307.0M | ||
| Q1 25 | $219.5M | $-159.0M | ||
| Q4 24 | $158.8M | $-60.0M | ||
| Q3 24 | $-25.2M | $507.0M | ||
| Q2 24 | $-74.6M | $340.0M | ||
| Q1 24 | $34.7M | $338.0M |
营业利润率AROVV
| Q4 25 | 20.5% | 21.2% | ||
| Q3 25 | 9.7% | 13.5% | ||
| Q2 25 | 15.8% | 23.1% | ||
| Q1 25 | 20.1% | -3.7% | ||
| Q4 24 | 4.9% | 0.1% | ||
| Q3 24 | -2.4% | 24.2% | ||
| Q2 24 | -8.2% | 25.4% | ||
| Q1 24 | 4.3% | 20.7% |
净利率AROVV
| Q4 25 | 14.4% | 46.1% | ||
| Q3 25 | 7.1% | 7.3% | ||
| Q2 25 | 12.8% | 13.9% | ||
| Q1 25 | 16.2% | -6.7% | ||
| Q4 24 | 13.6% | -2.7% | ||
| Q3 24 | -2.4% | 23.3% | ||
| Q2 24 | -7.6% | 15.5% | ||
| Q1 24 | 3.1% | 14.2% |
每股收益（稀释后）AROVV
| Q4 25 | $0.63 | $3.64 | ||
| Q3 25 | $0.24 | $0.57 | ||
| Q2 25 | $0.50 | $1.18 | ||
| Q1 25 | $0.66 | $-0.61 | ||
| Q4 24 | $0.48 | $-0.22 | ||
| Q3 24 | $-0.11 | $1.92 | ||
| Q2 24 | $-0.26 | $1.27 | ||
| Q1 24 | $0.07 | $1.24 |
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 | — | $280.0M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $7.6B | $11.2B |
| 总资产 | $13.2B | $20.4B |
| 负债/权益比越低杠杆越低 | — | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资AROVV
| Q4 25 | — | $280.0M | ||
| Q3 25 | — | $25.0M | ||
| Q2 25 | — | $20.0M | ||
| Q1 25 | — | $8.0M | ||
| Q4 24 | — | $42.0M | ||
| Q3 24 | — | $9.0M | ||
| Q2 24 | — | $8.0M | ||
| Q1 24 | — | $5.0M |
总债务AROVV
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $5.2B | ||
| Q2 25 | — | $5.3B | ||
| Q1 25 | — | $5.5B | ||
| Q4 24 | — | $5.5B | ||
| Q3 24 | — | $5.9B | ||
| Q2 24 | — | $6.1B | ||
| Q1 24 | — | $6.2B |
股东权益AROVV
| Q4 25 | $7.6B | $11.2B | ||
| Q3 25 | $7.3B | $10.2B | ||
| Q2 25 | $7.3B | $10.4B | ||
| Q1 25 | $7.2B | $10.1B | ||
| Q4 24 | $7.0B | $10.3B | ||
| Q3 24 | $7.0B | $10.7B | ||
| Q2 24 | $7.0B | $10.3B | ||
| Q1 24 | $7.1B | $10.3B |
总资产AROVV
| Q4 25 | $13.2B | $20.4B | ||
| Q3 25 | $12.9B | $19.4B | ||
| Q2 25 | $12.8B | $19.7B | ||
| Q1 25 | $13.0B | $19.6B | ||
| Q4 24 | $13.0B | $19.3B | ||
| Q3 24 | $13.2B | $19.9B | ||
| Q2 24 | $13.4B | $19.8B | ||
| Q1 24 | $13.5B | $19.8B |
负债/权益比AROVV
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 0.55× | ||
| Q4 24 | — | 0.53× | ||
| Q3 24 | — | 0.55× | ||
| Q2 24 | — | 0.59× | ||
| Q1 24 | — | 0.60× |
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 | $954.0M |
| 自由现金流经营现金流 - 资本支出 | — | $489.0M |
| 自由现金流率自由现金流/营收 | — | 23.8% |
| 资本支出强度资本支出/营收 | — | 22.6% |
| 现金转化率经营现金流/净利润 | 1.83× | 1.01× |
| 过去12个月自由现金流最近4个季度 | — | $1.5B |
8季度趋势，按日历期对齐
经营现金流AROVV
| Q4 25 | $370.7M | $954.0M | ||
| Q3 25 | $310.1M | $812.0M | ||
| Q2 25 | $492.4M | $1.0B | ||
| Q1 25 | $457.7M | $873.0M | ||
| Q4 24 | $278.0M | $1.0B | ||
| Q3 24 | $166.2M | $1.0B | ||
| Q2 24 | $143.5M | $1.0B | ||
| Q1 24 | $261.6M | $659.0M |
自由现金流AROVV
| Q4 25 | — | $489.0M | ||
| Q3 25 | — | $268.0M | ||
| Q2 25 | — | $492.0M | ||
| Q1 25 | — | $256.0M | ||
| Q4 24 | — | $468.0M | ||
| Q3 24 | — | $484.0M | ||
| Q2 24 | — | $398.0M | ||
| Q1 24 | — | $68.0M |
自由现金流率AROVV
| Q4 25 | — | 23.8% | ||
| Q3 25 | — | 13.3% | ||
| Q2 25 | — | 22.2% | ||
| Q1 25 | — | 10.8% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | 22.2% | ||
| Q2 24 | — | 18.1% | ||
| Q1 24 | — | 2.8% |
资本支出强度AROVV
| Q4 25 | — | 22.6% | ||
| Q3 25 | — | 26.9% | ||
| Q2 25 | — | 23.5% | ||
| Q1 25 | — | 26.0% | ||
| Q4 24 | — | 25.3% | ||
| Q3 24 | — | 24.7% | ||
| Q2 24 | — | 28.4% | ||
| Q1 24 | — | 24.8% |
现金转化率AROVV
| Q4 25 | 1.83× | 1.01× | ||
| Q3 25 | 3.62× | 5.49× | ||
| Q2 25 | 2.96× | 3.30× | ||
| Q1 25 | 2.09× | — | ||
| Q4 24 | 1.75× | — | ||
| Q3 24 | — | 2.02× | ||
| Q2 24 | — | 3.00× | ||
| Q1 24 | 7.55× | 1.95× |
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% |
OVV
| Product And Service Revenue | $1.7B | 84% |
| Sales Of Purchased Product | $338.0M | 16% |
