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ANTERO RESOURCES Corp（AR）与瑞思迈（RMD）财务数据对比。点击上方公司名可切换其他公司
瑞思迈的季度营收约是ANTERO RESOURCES Corp的1.1倍（$1.4B vs $1.4B），瑞思迈同比增速更快（11.0% vs -30.5%），瑞思迈自由现金流更多（$311.2M vs $235.6M），过去两年ANTERO RESOURCES Corp的营收复合增速更高（17.6% vs 9.0%）
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。
瑞思迈是一家起源于澳大利亚、总部位于美国加利福尼亚州圣迭戈的医疗设备企业，主打可接入云端的呼吸类医疗设备，用于治疗睡眠呼吸暂停、慢性阻塞性肺病等呼吸道疾病，新冠疫情期间曾大量生产呼吸机等设备助力患者救治。
AR vs RMD — 直观对比
营收规模更大
RMD
是对方的1.1倍
$1.4B
营收增速更快
RMD
高出41.4%
-30.5%
自由现金流更多
RMD
多$75.6M
$235.6M
两年增速更快
AR
近两年复合增速
9.0%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.4B |
| 净利润 | — | $392.6M |
| 毛利率 | — | 61.8% |
| 营业利润率 | 20.1% | 34.6% |
| 净利率 | — | 27.6% |
| 营收同比 | -30.5% | 11.0% |
| 净利润同比 | — | 13.9% |
| 每股收益（稀释后） | $0.66 | $2.68 |
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ARRMD
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $978.7M | $1.2B |
净利润ARRMD
| Q1 26 | — | — | ||
| Q4 25 | $202.9M | $392.6M | ||
| Q3 25 | $85.6M | $348.5M | ||
| Q2 25 | $166.6M | $379.7M | ||
| Q1 25 | $219.5M | $365.0M | ||
| Q4 24 | $158.8M | $344.6M | ||
| Q3 24 | $-25.2M | $311.4M | ||
| Q2 24 | $-74.6M | $292.2M |
毛利率ARRMD
| Q1 26 | — | — | ||
| Q4 25 | — | 61.8% | ||
| Q3 25 | — | 61.5% | ||
| Q2 25 | — | 60.8% | ||
| Q1 25 | — | 59.3% | ||
| Q4 24 | — | 58.6% | ||
| Q3 24 | — | 58.6% | ||
| Q2 24 | — | 58.5% |
营业利润率ARRMD
| Q1 26 | 20.1% | — | ||
| Q4 25 | 20.5% | 34.6% | ||
| Q3 25 | 9.7% | 33.4% | ||
| Q2 25 | 15.8% | 33.7% | ||
| Q1 25 | 20.1% | 33.0% | ||
| Q4 24 | 4.9% | 32.5% | ||
| Q3 24 | -2.4% | 31.6% | ||
| Q2 24 | -8.2% | 31.2% |
净利率ARRMD
| Q1 26 | — | — | ||
| Q4 25 | 14.4% | 27.6% | ||
| Q3 25 | 7.1% | 26.1% | ||
| Q2 25 | 12.8% | 28.2% | ||
| Q1 25 | 16.2% | 28.3% | ||
| Q4 24 | 13.6% | 26.9% | ||
| Q3 24 | -2.4% | 25.4% | ||
| Q2 24 | -7.6% | 23.9% |
每股收益（稀释后）ARRMD
| Q1 26 | $0.66 | — | ||
| Q4 25 | $0.63 | $2.68 | ||
| Q3 25 | $0.24 | $2.37 | ||
| Q2 25 | $0.50 | $2.58 | ||
| Q1 25 | $0.66 | $2.48 | ||
| Q4 24 | $0.48 | $2.34 | ||
| Q3 24 | $-0.11 | $2.11 | ||
| Q2 24 | $-0.26 | $1.97 |
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 | — | $1.4B |
| 总债务越低越好 | $1.4B | $403.9M |
| 股东权益账面价值 | $7.6B | $6.3B |
| 总资产 | $13.2B | $8.5B |
| 负债/权益比越低杠杆越低 | 0.19× | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资ARRMD
| Q1 26 | — | — | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $932.7M | ||
| Q4 24 | — | $521.9M | ||
| Q3 24 | — | $426.4M | ||
| Q2 24 | — | $238.4M |
总债务ARRMD
| Q1 26 | $1.4B | — | ||
| Q4 25 | — | $403.9M | ||
| Q3 25 | — | $408.7M | ||
| Q2 25 | — | $658.4M | ||
| Q1 25 | — | $663.1M | ||
| Q4 24 | — | $662.9M | ||
| Q3 24 | — | $667.6M | ||
| Q2 24 | — | $697.3M |
股东权益ARRMD
| Q1 26 | $7.6B | — | ||
| Q4 25 | $7.6B | $6.3B | ||
| Q3 25 | $7.3B | $6.1B | ||
| Q2 25 | $7.3B | $6.0B | ||
| Q1 25 | $7.2B | $5.5B | ||
| Q4 24 | $7.0B | $5.3B | ||
| Q3 24 | $7.0B | $5.2B | ||
| Q2 24 | $7.0B | $4.9B |
总资产ARRMD
| Q1 26 | $13.2B | — | ||
| Q4 25 | $13.2B | $8.5B | ||
| Q3 25 | $12.9B | $8.3B | ||
| Q2 25 | $12.8B | $8.2B | ||
| Q1 25 | $13.0B | $7.6B | ||
| Q4 24 | $13.0B | $7.1B | ||
| Q3 24 | $13.2B | $7.2B | ||
| Q2 24 | $13.4B | $6.9B |
负债/权益比ARRMD
| Q1 26 | 0.19× | — | ||
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× |
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 | $339.7M |
| 自由现金流经营现金流 - 资本支出 | $235.6M | $311.2M |
| 自由现金流率自由现金流/营收 | 17.4% | 21.9% |
| 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 | — | 0.87× |
| 过去12个月自由现金流最近4个季度 | — | $1.8B |
8季度趋势，按日历期对齐
经营现金流ARRMD
| Q1 26 | $457.7M | — | ||
| Q4 25 | $370.7M | $339.7M | ||
| Q3 25 | $310.1M | $457.3M | ||
| Q2 25 | $492.4M | $538.8M | ||
| Q1 25 | $457.7M | $578.7M | ||
| Q4 24 | $278.0M | $308.6M | ||
| Q3 24 | $166.2M | $325.5M | ||
| Q2 24 | $143.5M | $440.1M |
自由现金流ARRMD
| Q1 26 | $235.6M | — | ||
| Q4 25 | — | $311.2M | ||
| Q3 25 | — | $414.4M | ||
| Q2 25 | — | $508.2M | ||
| Q1 25 | — | $557.9M | ||
| Q4 24 | — | $288.0M | ||
| Q3 24 | — | $307.7M | ||
| Q2 24 | — | $415.2M |
自由现金流率ARRMD
| Q1 26 | 17.4% | — | ||
| Q4 25 | — | 21.9% | ||
| Q3 25 | — | 31.0% | ||
| Q2 25 | — | 37.7% | ||
| Q1 25 | — | 43.2% | ||
| Q4 24 | — | 22.5% | ||
| Q3 24 | — | 25.1% | ||
| Q2 24 | — | 33.9% |
资本支出强度ARRMD
| Q1 26 | — | — | ||
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 2.0% |
现金转化率ARRMD
| Q1 26 | — | — | ||
| Q4 25 | 1.83× | 0.87× | ||
| Q3 25 | 3.62× | 1.31× | ||
| Q2 25 | 2.96× | 1.42× | ||
| Q1 25 | 2.09× | 1.59× | ||
| Q4 24 | 1.75× | 0.90× | ||
| Q3 24 | — | 1.05× | ||
| Q2 24 | — | 1.51× |
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% |
RMD
| Sleep And Breathing Health | $1.3B | 88% |
| Residential Care Software | $166.9M | 12% |
