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ANTERO RESOURCES Corp（AR）与Insulet Corporation（PODD）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Insulet Corporation的1.8倍（$1.4B vs $783.7M），ANTERO RESOURCES Corp净利率更高（14.4% vs 13.0%，领先1.4%），Insulet Corporation同比增速更快（31.2% vs 20.8%），过去两年Insulet Corporation的营收复合增速更高（33.2% vs 12.2%）
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。
Insulet Corporation是深耕糖尿病治疗领域的医疗器械企业，核心产品为胰岛素泵，通过持续皮下输注胰岛素的疗法为患者给药。其产品通常由泵主体、一次性胰岛素储药仓，以及包含皮下植入套管和连接管路的一次性输注套件构成，满足不同患者的治疗需求。
AR vs PODD — 直观对比
营收规模更大
AR
是对方的1.8倍
$783.7M
营收增速更快
PODD
高出10.4%
20.8%
净利率更高
AR
高出1.4%
13.0%
两年增速更快
PODD
近两年复合增速
12.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $783.7M |
| 净利润 | $202.9M | $101.6M |
| 毛利率 | — | 72.6% |
| 营业利润率 | 20.5% | 18.7% |
| 净利率 | 14.4% | 13.0% |
| 营收同比 | 20.8% | 31.2% |
| 净利润同比 | 27.8% | 0.9% |
| 每股收益（稀释后） | $0.63 | $1.42 |
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ARPODD
| Q4 25 | $1.4B | $783.7M | ||
| Q3 25 | $1.2B | $706.3M | ||
| Q2 25 | $1.3B | $649.1M | ||
| Q1 25 | $1.4B | $569.0M | ||
| Q4 24 | $1.2B | $597.5M | ||
| Q3 24 | $1.1B | $543.9M | ||
| Q2 24 | $978.7M | $488.5M | ||
| Q1 24 | $1.1B | $441.7M |
净利润ARPODD
| Q4 25 | $202.9M | $101.6M | ||
| Q3 25 | $85.6M | $87.6M | ||
| Q2 25 | $166.6M | $22.5M | ||
| Q1 25 | $219.5M | $35.4M | ||
| Q4 24 | $158.8M | $100.7M | ||
| Q3 24 | $-25.2M | $77.5M | ||
| Q2 24 | $-74.6M | $188.6M | ||
| Q1 24 | $34.7M | $51.5M |
毛利率ARPODD
| Q4 25 | — | 72.6% | ||
| Q3 25 | — | 72.2% | ||
| Q2 25 | — | 69.7% | ||
| Q1 25 | — | 71.9% | ||
| Q4 24 | — | 72.1% | ||
| Q3 24 | — | 69.3% | ||
| Q2 24 | — | 67.7% | ||
| Q1 24 | — | 69.5% |
营业利润率ARPODD
| Q4 25 | 20.5% | 18.7% | ||
| Q3 25 | 9.7% | 16.7% | ||
| Q2 25 | 15.8% | 18.7% | ||
| Q1 25 | 20.1% | 15.6% | ||
| Q4 24 | 4.9% | 18.3% | ||
| Q3 24 | -2.4% | 16.2% | ||
| Q2 24 | -8.2% | 11.2% | ||
| Q1 24 | 4.3% | 12.9% |
净利率ARPODD
| Q4 25 | 14.4% | 13.0% | ||
| Q3 25 | 7.1% | 12.4% | ||
| Q2 25 | 12.8% | 3.5% | ||
| Q1 25 | 16.2% | 6.2% | ||
| Q4 24 | 13.6% | 16.9% | ||
| Q3 24 | -2.4% | 14.2% | ||
| Q2 24 | -7.6% | 38.6% | ||
| Q1 24 | 3.1% | 11.7% |
每股收益（稀释后）ARPODD
| Q4 25 | $0.63 | $1.42 | ||
| Q3 25 | $0.24 | $1.24 | ||
| Q2 25 | $0.50 | $0.32 | ||
| Q1 25 | $0.66 | $0.50 | ||
| Q4 24 | $0.48 | $1.38 | ||
| Q3 24 | $-0.11 | $1.08 | ||
| Q2 24 | $-0.26 | $2.59 | ||
| Q1 24 | $0.07 | $0.73 |
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 | — | — |
| 总债务越低越好 | — | $930.8M |
| 股东权益账面价值 | $7.6B | $1.5B |
| 总资产 | $13.2B | $3.2B |
| 负债/权益比越低杠杆越低 | — | 0.61× |
8季度趋势，按日历期对齐
总债务ARPODD
| Q4 25 | — | $930.8M | ||
| Q3 25 | — | $934.9M | ||
| Q2 25 | — | $939.0M | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.4B |
股东权益ARPODD
| Q4 25 | $7.6B | $1.5B | ||
| Q3 25 | $7.3B | $1.4B | ||
| Q2 25 | $7.3B | $1.5B | ||
| Q1 25 | $7.2B | $1.3B | ||
| Q4 24 | $7.0B | $1.2B | ||
| Q3 24 | $7.0B | $1.1B | ||
| Q2 24 | $7.0B | $998.4M | ||
| Q1 24 | $7.1B | $790.7M |
总资产ARPODD
| Q4 25 | $13.2B | $3.2B | ||
| Q3 25 | $12.9B | $3.0B | ||
| Q2 25 | $12.8B | $3.5B | ||
| Q1 25 | $13.0B | $3.5B | ||
| Q4 24 | $13.0B | $3.1B | ||
| Q3 24 | $13.2B | $3.0B | ||
| Q2 24 | $13.4B | $2.9B | ||
| Q1 24 | $13.5B | $2.6B |
负债/权益比ARPODD
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.68× | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 1.21× | ||
| Q4 24 | — | 1.07× | ||
| Q3 24 | — | 1.21× | ||
| Q2 24 | — | 1.36× | ||
| Q1 24 | — | 1.72× |
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 | $183.3M |
| 自由现金流经营现金流 - 资本支出 | — | $48.2M |
| 自由现金流率自由现金流/营收 | — | 6.2% |
| 资本支出强度资本支出/营收 | — | 17.2% |
| 现金转化率经营现金流/净利润 | 1.83× | 1.80× |
| 过去12个月自由现金流最近4个季度 | — | $377.7M |
8季度趋势，按日历期对齐
经营现金流ARPODD
| Q4 25 | $370.7M | $183.3M | ||
| Q3 25 | $310.1M | $125.7M | ||
| Q2 25 | $492.4M | $196.5M | ||
| Q1 25 | $457.7M | $63.8M | ||
| Q4 24 | $278.0M | $147.7M | ||
| Q3 24 | $166.2M | $98.5M | ||
| Q2 24 | $143.5M | $96.5M | ||
| Q1 24 | $261.6M | $87.6M |
自由现金流ARPODD
| Q4 25 | — | $48.2M | ||
| Q3 25 | — | $100.1M | ||
| Q2 25 | — | $177.9M | ||
| Q1 25 | — | $51.5M | ||
| Q4 24 | — | $94.1M | ||
| Q3 24 | — | $71.8M | ||
| Q2 24 | — | $74.0M | ||
| Q1 24 | — | $65.5M |
自由现金流率ARPODD
| Q4 25 | — | 6.2% | ||
| Q3 25 | — | 14.2% | ||
| Q2 25 | — | 27.4% | ||
| Q1 25 | — | 9.1% | ||
| Q4 24 | — | 15.7% | ||
| Q3 24 | — | 13.2% | ||
| Q2 24 | — | 15.1% | ||
| Q1 24 | — | 14.8% |
资本支出强度ARPODD
| Q4 25 | — | 17.2% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 9.0% | ||
| Q3 24 | — | 4.9% | ||
| Q2 24 | — | 4.6% | ||
| Q1 24 | — | 5.0% |
现金转化率ARPODD
| Q4 25 | 1.83× | 1.80× | ||
| Q3 25 | 3.62× | 1.43× | ||
| Q2 25 | 2.96× | 8.73× | ||
| Q1 25 | 2.09× | 1.80× | ||
| Q4 24 | 1.75× | 1.47× | ||
| Q3 24 | — | 1.27× | ||
| Q2 24 | — | 0.51× | ||
| Q1 24 | 7.55× | 1.70× |
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% |
PODD
| U.S.Omnipod | $567.8M | 72% |
| International Omnipod | $214.0M | 27% |
| Drug Delivery | $1.9M | 0% |
