vs
ANTERO RESOURCES Corp（AR）与环联（TRU）财务数据对比。点击上方公司名可切换其他公司
ANTERO RESOURCES Corp的季度营收约是环联的1.1倍（$1.4B vs $1.2B），ANTERO RESOURCES Corp净利率更高（14.4% vs 9.6%，领先4.7%），ANTERO RESOURCES Corp同比增速更快（20.8% vs 13.7%），过去两年ANTERO RESOURCES Corp的营收复合增速更高（12.2% vs 9.4%）
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。
环联是美国知名消费者信用报告机构，与益博睿、艾奎法克斯并列美国三大征信机构，总部位于伊利诺伊州芝加哥。目前其业务覆盖30余个国家，累计收集超10亿消费者的信用信息，持有美国几乎所有有信用记录消费者的超2亿份档案，服务超6.5万家企业客户，2014年营收达13亿美元。
AR vs TRU — 直观对比
营收规模更大
AR
是对方的1.1倍
$1.2B
营收增速更快
AR
高出7.1%
13.7%
净利率更高
AR
高出4.7%
9.6%
两年增速更快
AR
近两年复合增速
9.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.2B |
| 净利润 | $202.9M | $120.0M |
| 毛利率 | — | — |
| 营业利润率 | 20.5% | 19.7% |
| 净利率 | 14.4% | 9.6% |
| 营收同比 | 20.8% | 13.7% |
| 净利润同比 | 27.8% | -4.0% |
| 每股收益（稀释后） | $0.63 | $0.61 |
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ARTRU
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.4B | $1.1B | ||
| Q4 24 | $1.2B | $1.0B | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $978.7M | $1.0B |
净利润ARTRU
| Q1 26 | — | $120.0M | ||
| Q4 25 | $202.9M | $101.1M | ||
| Q3 25 | $85.6M | $96.6M | ||
| Q2 25 | $166.6M | $109.6M | ||
| Q1 25 | $219.5M | $148.1M | ||
| Q4 24 | $158.8M | $66.3M | ||
| Q3 24 | $-25.2M | $68.0M | ||
| Q2 24 | $-74.6M | $85.0M |
营业利润率ARTRU
| Q1 26 | — | 19.7% | ||
| Q4 25 | 20.5% | 17.4% | ||
| Q3 25 | 9.7% | 17.8% | ||
| Q2 25 | 15.8% | 16.9% | ||
| Q1 25 | 20.1% | 23.2% | ||
| Q4 24 | 4.9% | 16.5% | ||
| Q3 24 | -2.4% | 14.4% | ||
| Q2 24 | -8.2% | 17.5% |
净利率ARTRU
| Q1 26 | — | 9.6% | ||
| Q4 25 | 14.4% | 8.6% | ||
| Q3 25 | 7.1% | 8.3% | ||
| Q2 25 | 12.8% | 9.6% | ||
| Q1 25 | 16.2% | 13.5% | ||
| Q4 24 | 13.6% | 6.4% | ||
| Q3 24 | -2.4% | 6.3% | ||
| Q2 24 | -7.6% | 8.2% |
每股收益（稀释后）ARTRU
| Q1 26 | — | $0.61 | ||
| Q4 25 | $0.63 | $0.52 | ||
| Q3 25 | $0.24 | $0.49 | ||
| Q2 25 | $0.50 | $0.56 | ||
| Q1 25 | $0.66 | $0.75 | ||
| Q4 24 | $0.48 | $0.33 | ||
| Q3 24 | $-0.11 | $0.35 | ||
| Q2 24 | $-0.26 | $0.44 |
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 | — | $732.5M |
| 总债务越低越好 | — | $5.6B |
| 股东权益账面价值 | $7.6B | $4.9B |
| 总资产 | $13.2B | $12.0B |
| 负债/权益比越低杠杆越低 | — | 1.14× |
8季度趋势，按日历期对齐
现金及短期投资ARTRU
| Q1 26 | — | $732.5M | ||
| Q4 25 | — | $856.3M | ||
| Q3 25 | — | $752.5M | ||
| Q2 25 | — | $690.0M | ||
| Q1 25 | — | $612.5M | ||
| Q4 24 | — | $682.0M | ||
| Q3 24 | — | $646.0M | ||
| Q2 24 | — | $545.8M |
总债务ARTRU
| Q1 26 | — | $5.6B | ||
| Q4 25 | — | $4.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ARTRU
| Q1 26 | — | $4.9B | ||
| Q4 25 | $7.6B | $4.4B | ||
| Q3 25 | $7.3B | $4.5B | ||
| Q2 25 | $7.3B | $4.5B | ||
| Q1 25 | $7.2B | $4.4B | ||
| Q4 24 | $7.0B | $4.2B | ||
| Q3 24 | $7.0B | $4.2B | ||
| Q2 24 | $7.0B | $4.1B |
总资产ARTRU
| Q1 26 | — | $12.0B | ||
| Q4 25 | $13.2B | $11.1B | ||
| Q3 25 | $12.9B | $11.1B | ||
| Q2 25 | $12.8B | $11.1B | ||
| Q1 25 | $13.0B | $10.9B | ||
| Q4 24 | $13.0B | $11.0B | ||
| Q3 24 | $13.2B | $11.1B | ||
| Q2 24 | $13.4B | $11.0B |
负债/权益比ARTRU
| Q1 26 | — | 1.14× | ||
| Q4 25 | — | 1.11× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.20× | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| 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 | — | 5.2% |
| 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ARTRU
| Q1 26 | — | — | ||
| Q4 25 | $370.7M | $319.5M | ||
| Q3 25 | $310.1M | $324.3M | ||
| Q2 25 | $492.4M | $291.3M | ||
| Q1 25 | $457.7M | $52.5M | ||
| Q4 24 | $278.0M | $254.0M | ||
| Q3 24 | $166.2M | $229.3M | ||
| Q2 24 | $143.5M | $295.2M |
自由现金流ARTRU
| Q1 26 | — | — | ||
| Q4 25 | — | $222.8M | ||
| Q3 25 | — | $240.4M | ||
| Q2 25 | — | $214.3M | ||
| Q1 25 | — | $-15.9M | ||
| Q4 24 | — | $136.9M | ||
| Q3 24 | — | $161.3M | ||
| Q2 24 | — | $226.9M |
自由现金流率ARTRU
| Q1 26 | — | — | ||
| Q4 25 | — | 19.0% | ||
| Q3 25 | — | 20.6% | ||
| Q2 25 | — | 18.8% | ||
| Q1 25 | — | -1.5% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | — | 14.9% | ||
| Q2 24 | — | 21.8% |
资本支出强度ARTRU
| Q1 26 | — | 5.2% | ||
| Q4 25 | — | 8.3% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | — | 6.8% | ||
| Q1 25 | — | 6.2% | ||
| Q4 24 | — | 11.3% | ||
| Q3 24 | — | 6.3% | ||
| Q2 24 | — | 6.6% |
现金转化率ARTRU
| Q1 26 | — | — | ||
| Q4 25 | 1.83× | 3.16× | ||
| Q3 25 | 3.62× | 3.36× | ||
| Q2 25 | 2.96× | 2.66× | ||
| Q1 25 | 2.09× | 0.35× | ||
| Q4 24 | 1.75× | 3.83× | ||
| Q3 24 | — | 3.37× | ||
| Q2 24 | — | 3.47× |
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% |
TRU
| U.S. Markets | $975.0M | 78% |
| International | $274.0M | 22% |
