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ANTERO RESOURCES Corp（AR）与TreeHouse Foods, Inc.（THS）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TreeHouse Foods, Inc.的1.7倍（$1.4B vs $840.3M），ANTERO RESOURCES Corp净利率更高（14.4% vs -31.6%，领先46.0%），ANTERO RESOURCES Corp同比增速更快（20.8% vs 0.1%），过去两年ANTERO RESOURCES Corp的营收复合增速更高（12.2% vs -3.9%）
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。
树屋食品公司是一家跨国食品加工企业，主打贴牌包装食品生产，总部位于美国伊利诺伊州奥克布鲁克，2005年成立后完全通过收购拓展业务。2010年该公司销售额达20亿美元，在20座工厂拥有超4000名员工，曾获评《食品加工》杂志2010年度加工企业，被称为“你没听过的大型企业”。
AR vs THS — 直观对比
营收规模更大
AR
是对方的1.7倍
$840.3M
营收增速更快
AR
高出20.6%
0.1%
净利率更高
AR
高出46.0%
-31.6%
两年增速更快
AR
近两年复合增速
-3.9%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $840.3M |
| 净利润 | $202.9M | $-265.8M |
| 毛利率 | — | 18.8% |
| 营业利润率 | 20.5% | -30.2% |
| 净利率 | 14.4% | -31.6% |
| 营收同比 | 20.8% | 0.1% |
| 净利润同比 | 27.8% | -7717.6% |
| 每股收益（稀释后） | $0.63 | $-5.26 |
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ARTHS
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.2B | $840.3M | ||
| Q2 25 | $1.3B | $798.0M | ||
| Q1 25 | $1.4B | $792.0M | ||
| Q4 24 | $1.2B | $905.7M | ||
| Q3 24 | $1.1B | $839.1M | ||
| Q2 24 | $978.7M | $788.5M | ||
| Q1 24 | $1.1B | $820.7M |
净利润ARTHS
| Q4 25 | $202.9M | — | ||
| Q3 25 | $85.6M | $-265.8M | ||
| Q2 25 | $166.6M | $-2.9M | ||
| Q1 25 | $219.5M | $-31.8M | ||
| Q4 24 | $158.8M | $58.7M | ||
| Q3 24 | $-25.2M | $-3.4M | ||
| Q2 24 | $-74.6M | $-16.7M | ||
| Q1 24 | $34.7M | $-11.7M |
毛利率ARTHS
| Q4 25 | — | — | ||
| Q3 25 | — | 18.8% | ||
| Q2 25 | — | 17.4% | ||
| Q1 25 | — | 14.5% | ||
| Q4 24 | — | 19.5% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | — | 16.3% | ||
| Q1 24 | — | 13.6% |
营业利润率ARTHS
| Q4 25 | 20.5% | — | ||
| Q3 25 | 9.7% | -30.2% | ||
| Q2 25 | 15.8% | 3.4% | ||
| Q1 25 | 20.1% | -0.7% | ||
| Q4 24 | 4.9% | 8.9% | ||
| Q3 24 | -2.4% | 3.8% | ||
| Q2 24 | -8.2% | -0.5% | ||
| Q1 24 | 4.3% | -0.6% |
净利率ARTHS
| Q4 25 | 14.4% | — | ||
| Q3 25 | 7.1% | -31.6% | ||
| Q2 25 | 12.8% | -0.4% | ||
| Q1 25 | 16.2% | -4.0% | ||
| Q4 24 | 13.6% | 6.5% | ||
| Q3 24 | -2.4% | -0.4% | ||
| Q2 24 | -7.6% | -2.1% | ||
| Q1 24 | 3.1% | -1.4% |
每股收益（稀释后）ARTHS
| Q4 25 | $0.63 | — | ||
| Q3 25 | $0.24 | $-5.26 | ||
| Q2 25 | $0.50 | $-0.06 | ||
| Q1 25 | $0.66 | $-0.63 | ||
| Q4 24 | $0.48 | $1.12 | ||
| Q3 24 | $-0.11 | $-0.07 | ||
| Q2 24 | $-0.26 | $-0.32 | ||
| Q1 24 | $0.07 | $-0.22 |
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 | — | $21.0M |
| 总债务越低越好 | — | $1.5B |
| 股东权益账面价值 | $7.6B | $1.3B |
| 总资产 | $13.2B | $3.8B |
| 负债/权益比越低杠杆越低 | — | 1.18× |
8季度趋势，按日历期对齐
现金及短期投资ARTHS
| Q4 25 | — | — | ||
| Q3 25 | — | $21.0M | ||
| Q2 25 | — | $17.1M | ||
| Q1 25 | — | $16.4M | ||
| Q4 24 | — | $289.6M | ||
| Q3 24 | — | $102.0M | ||
| Q2 24 | — | $105.8M | ||
| Q1 24 | — | $191.8M |
总债务ARTHS
| Q4 25 | — | — | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.4B |
股东权益ARTHS
| Q4 25 | $7.6B | — | ||
| Q3 25 | $7.3B | $1.3B | ||
| Q2 25 | $7.3B | $1.5B | ||
| Q1 25 | $7.2B | $1.5B | ||
| Q4 24 | $7.0B | $1.5B | ||
| Q3 24 | $7.0B | $1.6B | ||
| Q2 24 | $7.0B | $1.6B | ||
| Q1 24 | $7.1B | $1.6B |
总资产ARTHS
| Q4 25 | $13.2B | — | ||
| Q3 25 | $12.9B | $3.8B | ||
| Q2 25 | $12.8B | $4.0B | ||
| Q1 25 | $13.0B | $3.9B | ||
| Q4 24 | $13.0B | $4.0B | ||
| Q3 24 | $13.2B | $4.0B | ||
| Q2 24 | $13.4B | $3.9B | ||
| Q1 24 | $13.5B | $4.0B |
负债/权益比ARTHS
| Q4 25 | — | — | ||
| Q3 25 | — | 1.18× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 0.93× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | — | 0.90× | ||
| Q2 24 | — | 0.90× | ||
| Q1 24 | — | 0.87× |
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 | $38.2M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.83× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ARTHS
| Q4 25 | $370.7M | — | ||
| Q3 25 | $310.1M | $38.2M | ||
| Q2 25 | $492.4M | $-47.2M | ||
| Q1 25 | $457.7M | $-53.5M | ||
| Q4 24 | $278.0M | $296.2M | ||
| Q3 24 | $166.2M | $41.4M | ||
| Q2 24 | $143.5M | $-19.4M | ||
| Q1 24 | $261.6M | $-52.4M |
自由现金流ARTHS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $-42.2M | ||
| Q1 24 | — | $-80.7M |
自由现金流率ARTHS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -5.4% | ||
| Q1 24 | — | -9.8% |
资本支出强度ARTHS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 3.4% |
现金转化率ARTHS
| Q4 25 | 1.83× | — | ||
| Q3 25 | 3.62× | — | ||
| Q2 25 | 2.96× | — | ||
| Q1 25 | 2.09× | — | ||
| Q4 24 | 1.75× | 5.05× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 7.55× | — |
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% |
THS
| Retail Grocery Customers | $670.6M | 80% |
| Food Away From Home And Other | $85.3M | 10% |
| Co Manufacturing | $84.4M | 10% |
