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ANTERO RESOURCES Corp（AR）与帕森斯公司（PSN）财务数据对比。点击上方公司名可切换其他公司
帕森斯公司的季度营收约是ANTERO RESOURCES Corp的1.1倍（$1.6B vs $1.4B），ANTERO RESOURCES Corp净利率更高（14.4% vs 3.5%，领先10.9%），ANTERO RESOURCES Corp同比增速更快（20.8% vs -7.5%），过去两年ANTERO RESOURCES Corp的营收复合增速更高（12.2% vs 2.2%）
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。
帕森斯公司是一家总部位于美国弗吉尼亚州尚蒂利的跨国企业，1944年成立，核心业务覆盖国防、情报、基础设施工程领域，深耕技术研发，在全球30多个国家为政府及私营部门客户提供专业解决方案。
AR vs PSN — 直观对比
营收规模更大
PSN
是对方的1.1倍
$1.4B
营收增速更快
AR
高出28.3%
-7.5%
净利率更高
AR
高出10.9%
3.5%
两年增速更快
AR
近两年复合增速
2.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.6B |
| 净利润 | $202.9M | $55.6M |
| 毛利率 | — | 23.0% |
| 营业利润率 | 20.5% | 6.6% |
| 净利率 | 14.4% | 3.5% |
| 营收同比 | 20.8% | -7.5% |
| 净利润同比 | 27.8% | -72.4% |
| 每股收益（稀释后） | $0.63 | $0.51 |
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ARPSN
| Q4 25 | $1.4B | $1.6B | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | $1.3B | $1.6B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $1.1B | $1.8B | ||
| Q2 24 | $978.7M | $1.7B | ||
| Q1 24 | $1.1B | $1.5B |
净利润ARPSN
| Q4 25 | $202.9M | $55.6M | ||
| Q3 25 | $85.6M | $64.1M | ||
| Q2 25 | $166.6M | $55.2M | ||
| Q1 25 | $219.5M | $66.2M | ||
| Q4 24 | $158.8M | $201.3M | ||
| Q3 24 | $-25.2M | $72.0M | ||
| Q2 24 | $-74.6M | $69.2M | ||
| Q1 24 | $34.7M | $-107.4M |
毛利率ARPSN
| Q4 25 | — | 23.0% | ||
| Q3 25 | — | 22.2% | ||
| Q2 25 | — | 22.0% | ||
| Q1 25 | — | 22.8% | ||
| Q4 24 | — | 21.3% | ||
| Q3 24 | — | 19.9% | ||
| Q2 24 | — | 21.0% | ||
| Q1 24 | — | 21.2% |
营业利润率ARPSN
| Q4 25 | 20.5% | 6.6% | ||
| Q3 25 | 9.7% | 6.7% | ||
| Q2 25 | 15.8% | 6.0% | ||
| Q1 25 | 20.1% | 7.0% | ||
| Q4 24 | 4.9% | 5.8% | ||
| Q3 24 | -2.4% | 6.4% | ||
| Q2 24 | -8.2% | 6.7% | ||
| Q1 24 | 4.3% | 6.6% |
净利率ARPSN
| Q4 25 | 14.4% | 3.5% | ||
| Q3 25 | 7.1% | 4.0% | ||
| Q2 25 | 12.8% | 3.5% | ||
| Q1 25 | 16.2% | 4.3% | ||
| Q4 24 | 13.6% | 11.6% | ||
| Q3 24 | -2.4% | 4.0% | ||
| Q2 24 | -7.6% | 4.1% | ||
| Q1 24 | 3.1% | -7.0% |
每股收益（稀释后）ARPSN
| Q4 25 | $0.63 | $0.51 | ||
| Q3 25 | $0.24 | $0.59 | ||
| Q2 25 | $0.50 | $0.50 | ||
| Q1 25 | $0.66 | $0.60 | ||
| Q4 24 | $0.48 | $1.85 | ||
| Q3 24 | $-0.11 | $0.65 | ||
| Q2 24 | $-0.26 | $0.63 | ||
| Q1 24 | $0.07 | $-1.01 |
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 | — | $466.4M |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $7.6B | $2.6B |
| 总资产 | $13.2B | $5.8B |
| 负债/权益比越低杠杆越低 | — | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资ARPSN
| Q4 25 | — | $466.4M | ||
| Q3 25 | — | $422.6M | ||
| Q2 25 | — | $411.3M | ||
| Q1 25 | — | $269.7M | ||
| Q4 24 | — | $453.5M | ||
| Q3 24 | — | $558.8M | ||
| Q2 24 | — | $528.5M | ||
| Q1 24 | — | $423.1M |
总债务ARPSN
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $785.2M | ||
| Q4 24 | — | $784.1M | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
股东权益ARPSN
| Q4 25 | $7.6B | $2.6B | ||
| Q3 25 | $7.3B | $2.6B | ||
| Q2 25 | $7.3B | $2.5B | ||
| Q1 25 | $7.2B | $2.5B | ||
| Q4 24 | $7.0B | $2.4B | ||
| Q3 24 | $7.0B | $2.3B | ||
| Q2 24 | $7.0B | $2.2B | ||
| Q1 24 | $7.1B | $2.1B |
总资产ARPSN
| Q4 25 | $13.2B | $5.8B | ||
| Q3 25 | $12.9B | $5.7B | ||
| Q2 25 | $12.8B | $5.7B | ||
| Q1 25 | $13.0B | $5.4B | ||
| Q4 24 | $13.0B | $5.5B | ||
| Q3 24 | $13.2B | $5.4B | ||
| Q2 24 | $13.4B | $5.2B | ||
| Q1 24 | $13.5B | $5.1B |
负债/权益比ARPSN
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.49× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.49× | ||
| Q2 24 | — | 0.56× | ||
| Q1 24 | — | 0.58× |
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 | $167.5M |
| 自由现金流经营现金流 - 资本支出 | — | $135.6M |
| 自由现金流率自由现金流/营收 | — | 8.5% |
| 资本支出强度资本支出/营收 | — | 2.0% |
| 现金转化率经营现金流/净利润 | 1.83× | 3.01× |
| 过去12个月自由现金流最近4个季度 | — | $410.4M |
8季度趋势，按日历期对齐
经营现金流ARPSN
| Q4 25 | $370.7M | $167.5M | ||
| Q3 25 | $310.1M | $162.8M | ||
| Q2 25 | $492.4M | $159.8M | ||
| Q1 25 | $457.7M | $-11.8M | ||
| Q4 24 | $278.0M | $126.8M | ||
| Q3 24 | $166.2M | $299.0M | ||
| Q2 24 | $143.5M | $161.2M | ||
| Q1 24 | $261.6M | $-63.4M |
自由现金流ARPSN
| Q4 25 | — | $135.6M | ||
| Q3 25 | — | $149.7M | ||
| Q2 25 | — | $150.4M | ||
| Q1 25 | — | $-25.3M | ||
| Q4 24 | — | $108.0M | ||
| Q3 24 | — | $287.3M | ||
| Q2 24 | — | $152.0M | ||
| Q1 24 | — | $-72.9M |
自由现金流率ARPSN
| Q4 25 | — | 8.5% | ||
| Q3 25 | — | 9.2% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | -1.6% | ||
| Q4 24 | — | 6.2% | ||
| Q3 24 | — | 15.9% | ||
| Q2 24 | — | 9.1% | ||
| Q1 24 | — | -4.7% |
资本支出强度ARPSN
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.6% |
现金转化率ARPSN
| Q4 25 | 1.83× | 3.01× | ||
| Q3 25 | 3.62× | 2.54× | ||
| Q2 25 | 2.96× | 2.89× | ||
| Q1 25 | 2.09× | -0.18× | ||
| Q4 24 | 1.75× | 0.63× | ||
| Q3 24 | — | 4.16× | ||
| Q2 24 | — | 2.33× | ||
| 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% |
PSN
| Unconsolidated Joint Ventures | $582.1M | 36% |
| Defense And Intelligence | $502.8M | 31% |
| Engineered Systems | $281.4M | 18% |
| Consolidated Joint Ventures | $216.7M | 14% |
| TRS Group Inc | $9.4M | 1% |
