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ANTERO RESOURCES Corp（AR）与天宝（TRMB）财务数据对比。点击上方公司名可切换其他公司
ANTERO RESOURCES Corp的季度营收约是天宝的1.5倍（$1.4B vs $969.8M），天宝净利率更高（16.1% vs 14.4%，领先1.8%），ANTERO RESOURCES Corp同比增速更快（20.8% vs -73.7%），过去两年ANTERO RESOURCES Corp的营收复合增速更高（12.2% vs 0.9%）
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。
天宝（Trimble Inc.）是1978年成立的美国科技企业，总部位于科罗拉多州威斯敏斯特，于纳斯达克上市，为标普500成分股。公司面向建筑工程、地理空间测绘、交通物流等多个行业，提供软硬件产品及相关技术服务。
AR vs TRMB — 直观对比
营收规模更大
AR
是对方的1.5倍
$969.8M
营收增速更快
AR
高出94.5%
-73.7%
净利率更高
TRMB
高出1.8%
14.4%
两年增速更快
AR
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $969.8M |
| 净利润 | $202.9M | $156.6M |
| 毛利率 | — | 72.0% |
| 营业利润率 | 20.5% | 22.3% |
| 净利率 | 14.4% | 16.1% |
| 营收同比 | 20.8% | -73.7% |
| 净利润同比 | 27.8% | 73.6% |
| 每股收益（稀释后） | $0.63 | $0.65 |
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ARTRMB
| Q4 25 | $1.4B | $901.2M | ||
| Q3 25 | $1.2B | $875.7M | ||
| Q2 25 | $1.3B | $840.6M | ||
| Q1 25 | $1.4B | $983.4M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.1B | $875.8M | ||
| Q2 24 | $978.7M | $870.8M | ||
| Q1 24 | $1.1B | $953.3M |
净利润ARTRMB
| Q4 25 | $202.9M | $111.5M | ||
| Q3 25 | $85.6M | $89.2M | ||
| Q2 25 | $166.6M | $66.7M | ||
| Q1 25 | $219.5M | $90.2M | ||
| Q4 24 | $158.8M | — | ||
| Q3 24 | $-25.2M | $40.6M | ||
| Q2 24 | $-74.6M | $1.3B | ||
| Q1 24 | $34.7M | $57.2M |
毛利率ARTRMB
| Q4 25 | — | 68.9% | ||
| Q3 25 | — | 68.3% | ||
| Q2 25 | — | 66.7% | ||
| Q1 25 | — | 69.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 65.7% | ||
| Q2 24 | — | 62.7% | ||
| Q1 24 | — | 62.3% |
营业利润率ARTRMB
| Q4 25 | 20.5% | 16.7% | ||
| Q3 25 | 9.7% | 14.6% | ||
| Q2 25 | 15.8% | 11.6% | ||
| Q1 25 | 20.1% | 17.6% | ||
| Q4 24 | 4.9% | — | ||
| Q3 24 | -2.4% | 13.3% | ||
| Q2 24 | -8.2% | 7.1% | ||
| Q1 24 | 4.3% | 11.5% |
净利率ARTRMB
| Q4 25 | 14.4% | 12.4% | ||
| Q3 25 | 7.1% | 10.2% | ||
| Q2 25 | 12.8% | 7.9% | ||
| Q1 25 | 16.2% | 9.2% | ||
| Q4 24 | 13.6% | — | ||
| Q3 24 | -2.4% | 4.6% | ||
| Q2 24 | -7.6% | 151.2% | ||
| Q1 24 | 3.1% | 6.0% |
每股收益（稀释后）ARTRMB
| Q4 25 | $0.63 | $0.46 | ||
| Q3 25 | $0.24 | $0.37 | ||
| Q2 25 | $0.50 | $0.27 | ||
| Q1 25 | $0.66 | $0.36 | ||
| Q4 24 | $0.48 | — | ||
| Q3 24 | $-0.11 | $0.16 | ||
| Q2 24 | $-0.26 | $5.34 | ||
| Q1 24 | $0.07 | $0.23 |
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 | — | $253.4M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $7.6B | $5.8B |
| 总资产 | $13.2B | $9.3B |
| 负债/权益比越低杠杆越低 | — | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资ARTRMB
| Q4 25 | — | $232.7M | ||
| Q3 25 | — | $265.9M | ||
| Q2 25 | — | $290.0M | ||
| Q1 25 | — | $738.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $944.1M | ||
| Q1 24 | — | $255.1M |
总债务ARTRMB
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ARTRMB
| Q4 25 | $7.6B | $5.8B | ||
| Q3 25 | $7.3B | $5.7B | ||
| Q2 25 | $7.3B | $5.4B | ||
| Q1 25 | $7.2B | $5.7B | ||
| Q4 24 | $7.0B | — | ||
| Q3 24 | $7.0B | $5.9B | ||
| Q2 24 | $7.0B | $5.6B | ||
| Q1 24 | $7.1B | $4.3B |
总资产ARTRMB
| Q4 25 | $13.2B | $9.0B | ||
| Q3 25 | $12.9B | $9.1B | ||
| Q2 25 | $12.8B | $8.9B | ||
| Q1 25 | $13.0B | $9.5B | ||
| Q4 24 | $13.0B | — | ||
| Q3 24 | $13.2B | $9.9B | ||
| Q2 24 | $13.4B | $9.6B | ||
| Q1 24 | $13.5B | $9.3B |
负债/权益比ARTRMB
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $386.2M |
| 自由现金流经营现金流 - 资本支出 | — | $360.9M |
| 自由现金流率自由现金流/营收 | — | 37.2% |
| 资本支出强度资本支出/营收 | — | 2.6% |
| 现金转化率经营现金流/净利润 | 1.83× | 2.47× |
| 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ARTRMB
| Q4 25 | $370.7M | — | ||
| Q3 25 | $310.1M | $123.8M | ||
| Q2 25 | $492.4M | $155.6M | ||
| Q1 25 | $457.7M | $115.1M | ||
| Q4 24 | $278.0M | — | ||
| Q3 24 | $166.2M | $94.9M | ||
| Q2 24 | $143.5M | $87.6M | ||
| Q1 24 | $261.6M | $233.8M |
自由现金流ARTRMB
| Q4 25 | — | — | ||
| Q3 25 | — | $116.6M | ||
| Q2 25 | — | $149.0M | ||
| Q1 25 | — | $109.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $88.5M | ||
| Q2 24 | — | $73.3M | ||
| Q1 24 | — | $227.0M |
自由现金流率ARTRMB
| Q4 25 | — | — | ||
| Q3 25 | — | 13.3% | ||
| Q2 25 | — | 17.7% | ||
| Q1 25 | — | 11.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | 8.4% | ||
| Q1 24 | — | 23.8% |
资本支出强度ARTRMB
| Q4 25 | — | — | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 1.6% | ||
| Q1 24 | — | 0.7% |
现金转化率ARTRMB
| Q4 25 | 1.83× | — | ||
| Q3 25 | 3.62× | 1.39× | ||
| Q2 25 | 2.96× | 2.33× | ||
| Q1 25 | 2.09× | 1.28× | ||
| Q4 24 | 1.75× | — | ||
| Q3 24 | — | 2.34× | ||
| Q2 24 | — | 0.07× | ||
| Q1 24 | 7.55× | 4.09× |
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% |
TRMB
| Subscription and services | $701.5M | 72% |
| Product | $268.3M | 28% |
