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ANTERO RESOURCES Corp（AR）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
RXO, Inc.的季度营收约是ANTERO RESOURCES Corp的1.1倍（$1.5B vs $1.4B），RXO, Inc.同比增速更快（-11.9% vs -30.5%），ANTERO RESOURCES Corp自由现金流更多（$235.6M vs $-9.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% vs 17.6%）
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。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
AR vs RXO — 直观对比
营收规模更大
RXO
是对方的1.1倍
$1.4B
营收增速更快
RXO
高出18.6%
-30.5%
自由现金流更多
AR
多$244.6M
$-9.0M
两年增速更快
RXO
近两年复合增速
17.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.5B |
| 净利润 | — | $-46.0M |
| 毛利率 | — | — |
| 营业利润率 | 20.1% | -2.9% |
| 净利率 | — | -3.1% |
| 营收同比 | -30.5% | -11.9% |
| 净利润同比 | — | -84.0% |
| 每股收益（稀释后） | $0.66 | $-0.28 |
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ARRXO
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.4B | $1.5B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $1.1B | $1.0B | ||
| Q2 24 | $978.7M | $930.0M |
净利润ARRXO
| Q1 26 | — | — | ||
| Q4 25 | $202.9M | $-46.0M | ||
| Q3 25 | $85.6M | $-14.0M | ||
| Q2 25 | $166.6M | $-9.0M | ||
| Q1 25 | $219.5M | $-31.0M | ||
| Q4 24 | $158.8M | $-25.0M | ||
| Q3 24 | $-25.2M | $-243.0M | ||
| Q2 24 | $-74.6M | $-7.0M |
营业利润率ARRXO
| Q1 26 | 20.1% | — | ||
| Q4 25 | 20.5% | -2.9% | ||
| Q3 25 | 9.7% | -0.5% | ||
| Q2 25 | 15.8% | — | ||
| Q1 25 | 20.1% | -2.1% | ||
| Q4 24 | 4.9% | -1.4% | ||
| Q3 24 | -2.4% | -1.9% | ||
| Q2 24 | -8.2% | — |
净利率ARRXO
| Q1 26 | — | — | ||
| Q4 25 | 14.4% | -3.1% | ||
| Q3 25 | 7.1% | -1.0% | ||
| Q2 25 | 12.8% | -0.6% | ||
| Q1 25 | 16.2% | -2.2% | ||
| Q4 24 | 13.6% | -1.5% | ||
| Q3 24 | -2.4% | -23.4% | ||
| Q2 24 | -7.6% | -0.8% |
每股收益（稀释后）ARRXO
| Q1 26 | $0.66 | — | ||
| Q4 25 | $0.63 | $-0.28 | ||
| Q3 25 | $0.24 | $-0.08 | ||
| Q2 25 | $0.50 | $-0.05 | ||
| Q1 25 | $0.66 | $-0.18 | ||
| Q4 24 | $0.48 | $-0.17 | ||
| Q3 24 | $-0.11 | $-1.81 | ||
| Q2 24 | $-0.26 | $-0.06 |
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 | — | $17.0M |
| 总债务越低越好 | $1.4B | $387.0M |
| 股东权益账面价值 | $7.6B | $1.5B |
| 总资产 | $13.2B | $3.3B |
| 负债/权益比越低杠杆越低 | 0.19× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资ARRXO
| Q1 26 | — | — | ||
| Q4 25 | — | $17.0M | ||
| Q3 25 | — | $25.0M | ||
| Q2 25 | — | $18.0M | ||
| Q1 25 | — | $16.0M | ||
| Q4 24 | — | $35.0M | ||
| Q3 24 | — | $55.0M | ||
| Q2 24 | — | $7.0M |
总债务ARRXO
| Q1 26 | $1.4B | — | ||
| Q4 25 | — | $387.0M | ||
| Q3 25 | — | $387.0M | ||
| Q2 25 | — | $387.0M | ||
| Q1 25 | — | $387.0M | ||
| Q4 24 | — | $351.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | — | $370.0M |
股东权益ARRXO
| Q1 26 | $7.6B | — | ||
| Q4 25 | $7.6B | $1.5B | ||
| Q3 25 | $7.3B | $1.6B | ||
| Q2 25 | $7.3B | $1.6B | ||
| Q1 25 | $7.2B | $1.6B | ||
| Q4 24 | $7.0B | $1.6B | ||
| Q3 24 | $7.0B | $1.7B | ||
| Q2 24 | $7.0B | $579.0M |
总资产ARRXO
| Q1 26 | $13.2B | — | ||
| Q4 25 | $13.2B | $3.3B | ||
| Q3 25 | $12.9B | $3.2B | ||
| Q2 25 | $12.8B | $3.2B | ||
| Q1 25 | $13.0B | $3.3B | ||
| Q4 24 | $13.0B | $3.4B | ||
| Q3 24 | $13.2B | $3.4B | ||
| Q2 24 | $13.4B | $1.8B |
负债/权益比ARRXO
| Q1 26 | 0.19× | — | ||
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× |
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 | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $235.6M | $-9.0M |
| 自由现金流率自由现金流/营收 | 17.4% | -0.6% |
| 资本支出强度资本支出/营收 | — | 1.1% |
| 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 | — | $-8.0M |
8季度趋势，按日历期对齐
经营现金流ARRXO
| Q1 26 | $457.7M | — | ||
| Q4 25 | $370.7M | $7.0M | ||
| Q3 25 | $310.1M | $23.0M | ||
| Q2 25 | $492.4M | $23.0M | ||
| Q1 25 | $457.7M | $-2.0M | ||
| Q4 24 | $278.0M | $-7.0M | ||
| Q3 24 | $166.2M | $-7.0M | ||
| Q2 24 | $143.5M | $-5.0M |
自由现金流ARRXO
| Q1 26 | $235.6M | — | ||
| Q4 25 | — | $-9.0M | ||
| Q3 25 | — | $9.0M | ||
| Q2 25 | — | $9.0M | ||
| Q1 25 | — | $-17.0M | ||
| Q4 24 | — | $-19.0M | ||
| Q3 24 | — | $-18.0M | ||
| Q2 24 | — | $-16.0M |
自由现金流率ARRXO
| Q1 26 | 17.4% | — | ||
| Q4 25 | — | -0.6% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | -1.2% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | -1.7% | ||
| Q2 24 | — | -1.7% |
资本支出强度ARRXO
| Q1 26 | — | — | ||
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.2% |
现金转化率ARRXO
| 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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
