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ANTERO RESOURCES Corp（AR）与Rocket Companies, Inc.（RKT）财务数据对比。点击上方公司名可切换其他公司
Rocket Companies, Inc.的季度营收约是ANTERO RESOURCES Corp的1.9倍（$2.7B vs $1.4B），ANTERO RESOURCES Corp净利率更高（14.4% vs 2.5%，领先11.8%），Rocket Companies, Inc.同比增速更快（52.2% vs 20.8%），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% 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。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
AR vs RKT — 直观对比
营收规模更大
RKT
是对方的1.9倍
$1.4B
营收增速更快
RKT
高出31.4%
20.8%
净利率更高
AR
高出11.8%
2.5%
两年增速更快
RKT
近两年复合增速
12.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.7B |
| 净利润 | $202.9M | $68.0M |
| 毛利率 | — | — |
| 营业利润率 | 20.5% | 6.3% |
| 净利率 | 14.4% | 2.5% |
| 营收同比 | 20.8% | 52.2% |
| 净利润同比 | 27.8% | 100.8% |
| 每股收益（稀释后） | $0.63 | $0.10 |
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ARRKT
| Q4 25 | $1.4B | $2.7B | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $1.4B | $1.0B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $1.1B | $646.9M | ||
| Q2 24 | $978.7M | $1.3B | ||
| Q1 24 | $1.1B | $1.4B |
净利润ARRKT
| Q4 25 | $202.9M | $68.0M | ||
| Q3 25 | $85.6M | $-123.9M | ||
| Q2 25 | $166.6M | $-1.8M | ||
| Q1 25 | $219.5M | $-10.4M | ||
| Q4 24 | $158.8M | $33.9M | ||
| Q3 24 | $-25.2M | $-22.0M | ||
| Q2 24 | $-74.6M | $1.3M | ||
| Q1 24 | $34.7M | $16.2M |
毛利率ARRKT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 58.9% | ||
| Q3 24 | — | -8.4% | ||
| Q2 24 | — | 47.4% | ||
| Q1 24 | — | 51.2% |
营业利润率ARRKT
| Q4 25 | 20.5% | 6.3% | ||
| Q3 25 | 9.7% | -11.5% | ||
| Q2 25 | 15.8% | 1.8% | ||
| Q1 25 | 20.1% | -21.5% | ||
| Q4 24 | 4.9% | 38.1% | ||
| Q3 24 | -2.4% | -76.9% | ||
| Q2 24 | -8.2% | 14.8% | ||
| Q1 24 | 4.3% | 21.6% |
净利率ARRKT
| Q4 25 | 14.4% | 2.5% | ||
| Q3 25 | 7.1% | -7.7% | ||
| Q2 25 | 12.8% | -0.1% | ||
| Q1 25 | 16.2% | -1.0% | ||
| Q4 24 | 13.6% | 1.9% | ||
| Q3 24 | -2.4% | -3.4% | ||
| Q2 24 | -7.6% | 0.1% | ||
| Q1 24 | 3.1% | 1.2% |
每股收益（稀释后）ARRKT
| Q4 25 | $0.63 | $0.10 | ||
| Q3 25 | $0.24 | $-0.06 | ||
| Q2 25 | $0.50 | $-0.01 | ||
| Q1 25 | $0.66 | $-0.08 | ||
| Q4 24 | $0.48 | $0.28 | ||
| Q3 24 | $-0.11 | $-0.19 | ||
| Q2 24 | $-0.26 | $0.01 | ||
| Q1 24 | $0.07 | $0.11 |
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 | — | $2.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.6B | $22.9B |
| 总资产 | $13.2B | $60.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ARRKT
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $5.8B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $861.4M |
股东权益ARRKT
| Q4 25 | $7.6B | $22.9B | ||
| Q3 25 | $7.3B | $8.9B | ||
| Q2 25 | $7.3B | $7.4B | ||
| Q1 25 | $7.2B | $8.6B | ||
| Q4 24 | $7.0B | $9.0B | ||
| Q3 24 | $7.0B | $8.4B | ||
| Q2 24 | $7.0B | $8.8B | ||
| Q1 24 | $7.1B | $8.6B |
总资产ARRKT
| Q4 25 | $13.2B | $60.7B | ||
| Q3 25 | $12.9B | $33.6B | ||
| Q2 25 | $12.8B | $30.4B | ||
| Q1 25 | $13.0B | $25.3B | ||
| Q4 24 | $13.0B | $24.5B | ||
| Q3 24 | $13.2B | $25.1B | ||
| Q2 24 | $13.4B | $23.6B | ||
| Q1 24 | $13.5B | $22.2B |
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 | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | — | $-1.3B |
| 自由现金流率自由现金流/营收 | — | -47.2% |
| 资本支出强度资本支出/营收 | — | 1.5% |
| 现金转化率经营现金流/净利润 | 1.83× | -18.08× |
| 过去12个月自由现金流最近4个季度 | — | $-4.0B |
8季度趋势，按日历期对齐
经营现金流ARRKT
| Q4 25 | $370.7M | $-1.2B | ||
| Q3 25 | $310.1M | $-50.3M | ||
| Q2 25 | $492.4M | $-1.9B | ||
| Q1 25 | $457.7M | $-797.0M | ||
| Q4 24 | $278.0M | $1.8B | ||
| Q3 24 | $166.2M | $-1.3B | ||
| Q2 24 | $143.5M | $-122.3M | ||
| Q1 24 | $261.6M | $-3.0B |
自由现金流ARRKT
| Q4 25 | — | $-1.3B | ||
| Q3 25 | — | $-71.8M | ||
| Q2 25 | — | $-1.9B | ||
| Q1 25 | — | $-811.0M | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $-1.4B | ||
| Q2 24 | — | $-138.3M | ||
| Q1 24 | — | $-3.0B |
自由现金流率ARRKT
| Q4 25 | — | -47.2% | ||
| Q3 25 | — | -4.5% | ||
| Q2 25 | — | -137.2% | ||
| Q1 25 | — | -78.2% | ||
| Q4 24 | — | 103.1% | ||
| Q3 24 | — | -209.6% | ||
| Q2 24 | — | -10.6% | ||
| Q1 24 | — | -218.7% |
资本支出强度ARRKT
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 2.9% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 1.0% |
现金转化率ARRKT
| Q4 25 | 1.83× | -18.08× | ||
| Q3 25 | 3.62× | — | ||
| Q2 25 | 2.96× | — | ||
| Q1 25 | 2.09× | — | ||
| Q4 24 | 1.75× | 54.42× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -94.46× | ||
| Q1 24 | 7.55× | -185.80× |
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% |
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
