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ANTERO RESOURCES Corp（AR）与利氏兄弟拍卖行（RBA）财务数据对比。点击上方公司名可切换其他公司
ANTERO RESOURCES Corp的季度营收约是利氏兄弟拍卖行的1.1倍（$1.4B vs $1.2B），利氏兄弟拍卖行同比增速更快（5.4% vs -30.5%），ANTERO RESOURCES Corp自由现金流更多（$235.6M vs $186.5M），过去两年ANTERO RESOURCES Corp的营收复合增速更高（17.6% vs 6.3%）
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。
利氏兄弟拍卖行（股票代码RBA）是全球知名的工业资产拍卖服务商，注册地位于加拿大，属公开上市企业，总部设在美国伊利诺伊州韦斯特切斯特，普通股同时在多伦多证券交易所与纽约证券交易所挂牌交易。
AR vs RBA — 直观对比
营收规模更大
AR
是对方的1.1倍
$1.2B
营收增速更快
RBA
高出35.9%
-30.5%
自由现金流更多
AR
多$49.1M
$186.5M
两年增速更快
AR
近两年复合增速
6.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.2B |
| 净利润 | — | $109.7M |
| 毛利率 | — | — |
| 营业利润率 | 20.1% | 14.7% |
| 净利率 | — | 9.1% |
| 营收同比 | -30.5% | 5.4% |
| 净利润同比 | — | -7.4% |
| 每股收益（稀释后） | $0.66 | $0.53 |
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ARRBA
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.4B | $1.1B | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $1.1B | $981.8M | ||
| Q2 24 | $978.7M | $1.1B |
净利润ARRBA
| Q1 26 | — | — | ||
| Q4 25 | $202.9M | $109.7M | ||
| Q3 25 | $85.6M | $95.5M | ||
| Q2 25 | $166.6M | $109.8M | ||
| Q1 25 | $219.5M | $113.4M | ||
| Q4 24 | $158.8M | $118.5M | ||
| Q3 24 | $-25.2M | $76.1M | ||
| Q2 24 | $-74.6M | $111.1M |
营业利润率ARRBA
| Q1 26 | 20.1% | — | ||
| Q4 25 | 20.5% | 14.7% | ||
| Q3 25 | 9.7% | 14.5% | ||
| Q2 25 | 15.8% | 15.9% | ||
| Q1 25 | 20.1% | 17.1% | ||
| Q4 24 | 4.9% | 18.1% | ||
| Q3 24 | -2.4% | 15.6% | ||
| Q2 24 | -8.2% | 18.4% |
净利率ARRBA
| Q1 26 | — | — | ||
| Q4 25 | 14.4% | 9.1% | ||
| Q3 25 | 7.1% | 8.7% | ||
| Q2 25 | 12.8% | 9.3% | ||
| Q1 25 | 16.2% | 10.2% | ||
| Q4 24 | 13.6% | 10.4% | ||
| Q3 24 | -2.4% | 7.8% | ||
| Q2 24 | -7.6% | 10.1% |
每股收益（稀释后）ARRBA
| Q1 26 | $0.66 | — | ||
| Q4 25 | $0.63 | $0.53 | ||
| Q3 25 | $0.24 | $0.43 | ||
| Q2 25 | $0.50 | $0.53 | ||
| Q1 25 | $0.66 | $0.55 | ||
| Q4 24 | $0.48 | $0.58 | ||
| Q3 24 | $-0.11 | $0.36 | ||
| Q2 24 | $-0.26 | $0.54 |
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 | — | $531.5M |
| 总债务越低越好 | $1.4B | $2.3B |
| 股东权益账面价值 | $7.6B | $5.6B |
| 总资产 | $13.2B | $12.1B |
| 负债/权益比越低杠杆越低 | 0.19× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资ARRBA
| Q1 26 | — | — | ||
| Q4 25 | — | $531.5M | ||
| Q3 25 | — | $674.7M | ||
| Q2 25 | — | $710.2M | ||
| Q1 25 | — | $578.1M | ||
| Q4 24 | — | $533.9M | ||
| Q3 24 | — | $650.7M | ||
| Q2 24 | — | $599.5M |
总债务ARRBA
| Q1 26 | $1.4B | — | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.8B |
股东权益ARRBA
| Q1 26 | $7.6B | — | ||
| Q4 25 | $7.6B | $5.6B | ||
| Q3 25 | $7.3B | $5.5B | ||
| Q2 25 | $7.3B | $5.5B | ||
| Q1 25 | $7.2B | $5.3B | ||
| Q4 24 | $7.0B | $5.2B | ||
| Q3 24 | $7.0B | $5.2B | ||
| Q2 24 | $7.0B | $5.2B |
总资产ARRBA
| Q1 26 | $13.2B | — | ||
| Q4 25 | $13.2B | $12.1B | ||
| Q3 25 | $12.9B | $12.2B | ||
| Q2 25 | $12.8B | $12.2B | ||
| Q1 25 | $13.0B | $11.9B | ||
| Q4 24 | $13.0B | $11.8B | ||
| Q3 24 | $13.2B | $11.9B | ||
| Q2 24 | $13.4B | $12.1B |
负债/权益比ARRBA
| Q1 26 | 0.19× | — | ||
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.55× |
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 | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $235.6M | $186.5M |
| 自由现金流率自由现金流/营收 | 17.4% | 15.5% |
| 资本支出强度资本支出/营收 | — | 5.7% |
| 现金转化率经营现金流/净利润 | — | 2.33× |
| 过去12个月自由现金流最近4个季度 | — | $719.2M |
8季度趋势，按日历期对齐
经营现金流ARRBA
| Q1 26 | $457.7M | — | ||
| Q4 25 | $370.7M | $255.2M | ||
| Q3 25 | $310.1M | $239.7M | ||
| Q2 25 | $492.4M | $326.5M | ||
| Q1 25 | $457.7M | $156.8M | ||
| Q4 24 | $278.0M | $184.5M | ||
| Q3 24 | $166.2M | $285.4M | ||
| Q2 24 | $143.5M | $337.3M |
自由现金流ARRBA
| Q1 26 | $235.6M | — | ||
| Q4 25 | — | $186.5M | ||
| Q3 25 | — | $188.5M | ||
| Q2 25 | — | $241.7M | ||
| Q1 25 | — | $102.5M | ||
| Q4 24 | — | $127.9M | ||
| Q3 24 | — | $248.5M | ||
| Q2 24 | — | $308.6M |
自由现金流率ARRBA
| Q1 26 | 17.4% | — | ||
| Q4 25 | — | 15.5% | ||
| Q3 25 | — | 17.3% | ||
| Q2 25 | — | 20.4% | ||
| Q1 25 | — | 9.2% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | — | 25.3% | ||
| Q2 24 | — | 28.2% |
资本支出强度ARRBA
| Q1 26 | — | — | ||
| Q4 25 | — | 5.7% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 7.2% | ||
| Q1 25 | — | 4.9% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | 2.6% |
现金转化率ARRBA
| Q1 26 | — | — | ||
| Q4 25 | 1.83× | 2.33× | ||
| Q3 25 | 3.62× | 2.51× | ||
| Q2 25 | 2.96× | 2.97× | ||
| Q1 25 | 2.09× | 1.38× | ||
| Q4 24 | 1.75× | 1.56× | ||
| Q3 24 | — | 3.75× | ||
| Q2 24 | — | 3.04× |
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% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
