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ANTERO RESOURCES Corp（AR）与Rivian Automotive, Inc.（RIVN）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Rivian Automotive, Inc.的1.1倍（$1.4B vs $1.3B），Rivian Automotive, Inc.同比增速更快（-25.8% vs -30.5%），ANTERO RESOURCES Corp自由现金流更多（$235.6M vs $-1.1B），过去两年ANTERO RESOURCES Corp的营收复合增速更高（17.6% vs 3.3%）
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。
Rivian Automotive是2009年成立的美国电动汽车制造商及汽车科技企业，主打基于自研滑板平台打造的电动SUV、皮卡及EDV电动配送货车，旗下R1T皮卡于2021年末正式开启交付，还计划于2023年底前在美国和加拿大布局专属充电网络，其平台可适配新车型也可对外授权使用。
AR vs RIVN — 直观对比
营收规模更大
AR
是对方的1.1倍
$1.3B
营收增速更快
RIVN
高出4.6%
-30.5%
自由现金流更多
AR
多$1.4B
$-1.1B
两年增速更快
AR
近两年复合增速
3.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.3B |
| 净利润 | — | $-811.0M |
| 毛利率 | — | 9.3% |
| 营业利润率 | 20.1% | -64.8% |
| 净利率 | — | -63.1% |
| 营收同比 | -30.5% | -25.8% |
| 净利润同比 | — | -9.0% |
| 每股收益（稀释后） | $0.66 | $-0.66 |
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ARRIVN
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.4B | $1.3B | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $1.4B | $1.2B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $1.1B | $874.0M | ||
| Q2 24 | $978.7M | $1.2B |
净利润ARRIVN
| Q1 26 | — | — | ||
| Q4 25 | $202.9M | $-811.0M | ||
| Q3 25 | $85.6M | $-1.2B | ||
| Q2 25 | $166.6M | $-1.1B | ||
| Q1 25 | $219.5M | $-545.0M | ||
| Q4 24 | $158.8M | $-744.0M | ||
| Q3 24 | $-25.2M | $-1.1B | ||
| Q2 24 | $-74.6M | $-1.5B |
毛利率ARRIVN
| Q1 26 | — | — | ||
| Q4 25 | — | 9.3% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | -15.8% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | 9.8% | ||
| Q3 24 | — | -44.9% | ||
| Q2 24 | — | -38.9% |
营业利润率ARRIVN
| Q1 26 | 20.1% | — | ||
| Q4 25 | 20.5% | -64.8% | ||
| Q3 25 | 9.7% | -63.1% | ||
| Q2 25 | 15.8% | -85.5% | ||
| Q1 25 | 20.1% | -52.8% | ||
| Q4 24 | 4.9% | -38.1% | ||
| Q3 24 | -2.4% | -133.8% | ||
| Q2 24 | -8.2% | -118.7% |
净利率ARRIVN
| Q1 26 | — | — | ||
| Q4 25 | 14.4% | -63.1% | ||
| Q3 25 | 7.1% | -75.3% | ||
| Q2 25 | 12.8% | -85.7% | ||
| Q1 25 | 16.2% | -44.0% | ||
| Q4 24 | 13.6% | -42.9% | ||
| Q3 24 | -2.4% | -125.9% | ||
| Q2 24 | -7.6% | -125.8% |
每股收益（稀释后）ARRIVN
| Q1 26 | $0.66 | — | ||
| Q4 25 | $0.63 | $-0.66 | ||
| Q3 25 | $0.24 | $-0.96 | ||
| Q2 25 | $0.50 | $-0.97 | ||
| Q1 25 | $0.66 | $-0.48 | ||
| Q4 24 | $0.48 | $-0.67 | ||
| Q3 24 | $-0.11 | $-1.08 | ||
| Q2 24 | $-0.26 | $-1.46 |
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 | — | $6.1B |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $7.6B | $4.6B |
| 总资产 | $13.2B | $14.9B |
| 负债/权益比越低杠杆越低 | 0.19× | — |
8季度趋势，按日历期对齐
现金及短期投资ARRIVN
| Q1 26 | — | — | ||
| Q4 25 | — | $6.1B | ||
| Q3 25 | — | $7.1B | ||
| Q2 25 | — | $7.5B | ||
| Q1 25 | — | $7.2B | ||
| Q4 24 | — | $7.7B | ||
| Q3 24 | — | $6.7B | ||
| Q2 24 | — | $7.9B |
总债务ARRIVN
| Q1 26 | $1.4B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $5.5B |
股东权益ARRIVN
| Q1 26 | $7.6B | — | ||
| Q4 25 | $7.6B | $4.6B | ||
| Q3 25 | $7.3B | $5.1B | ||
| Q2 25 | $7.3B | $6.1B | ||
| Q1 25 | $7.2B | $6.2B | ||
| Q4 24 | $7.0B | $6.6B | ||
| Q3 24 | $7.0B | $5.9B | ||
| Q2 24 | $7.0B | $6.8B |
总资产ARRIVN
| Q1 26 | $13.2B | — | ||
| Q4 25 | $13.2B | $14.9B | ||
| Q3 25 | $12.9B | $15.2B | ||
| Q2 25 | $12.8B | $15.6B | ||
| Q1 25 | $13.0B | $15.5B | ||
| Q4 24 | $13.0B | $15.4B | ||
| Q3 24 | $13.2B | $14.3B | ||
| Q2 24 | $13.4B | $15.4B |
负债/权益比ARRIVN
| Q1 26 | 0.19× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.81× |
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 | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $235.6M | $-1.1B |
| 自由现金流率自由现金流/营收 | 17.4% | -89.0% |
| 资本支出强度资本支出/营收 | — | 36.0% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-2.5B |
8季度趋势，按日历期对齐
经营现金流ARRIVN
| Q1 26 | $457.7M | — | ||
| Q4 25 | $370.7M | $-681.0M | ||
| Q3 25 | $310.1M | $26.0M | ||
| Q2 25 | $492.4M | $64.0M | ||
| Q1 25 | $457.7M | $-188.0M | ||
| Q4 24 | $278.0M | $1.2B | ||
| Q3 24 | $166.2M | $-876.0M | ||
| Q2 24 | $143.5M | $-754.0M |
自由现金流ARRIVN
| Q1 26 | $235.6M | — | ||
| Q4 25 | — | $-1.1B | ||
| Q3 25 | — | $-421.0M | ||
| Q2 25 | — | $-398.0M | ||
| Q1 25 | — | $-526.0M | ||
| Q4 24 | — | $856.0M | ||
| Q3 24 | — | $-1.2B | ||
| Q2 24 | — | $-1.0B |
自由现金流率ARRIVN
| Q1 26 | 17.4% | — | ||
| Q4 25 | — | -89.0% | ||
| Q3 25 | — | -27.0% | ||
| Q2 25 | — | -30.5% | ||
| Q1 25 | — | -42.4% | ||
| Q4 24 | — | 49.4% | ||
| Q3 24 | — | -131.9% | ||
| Q2 24 | — | -89.6% |
资本支出强度ARRIVN
| Q1 26 | — | — | ||
| Q4 25 | — | 36.0% | ||
| Q3 25 | — | 28.7% | ||
| Q2 25 | — | 35.5% | ||
| Q1 25 | — | 27.3% | ||
| Q4 24 | — | 18.9% | ||
| Q3 24 | — | 31.7% | ||
| Q2 24 | — | 24.4% |
现金转化率ARRIVN
| Q1 26 | — | — | ||
| Q4 25 | 1.83× | — | ||
| Q3 25 | 3.62× | — | ||
| Q2 25 | 2.96× | — | ||
| Q1 25 | 2.09× | — | ||
| Q4 24 | 1.75× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
