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ANTERO RESOURCES Corp（AR）与Ubiquiti Inc.（UI）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Ubiquiti Inc.的1.7倍（$1.4B vs $814.9M），Ubiquiti Inc.同比增速更快（35.8% vs -30.5%），Ubiquiti Inc.自由现金流更多（$260.3M vs $235.6M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% 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。
Ubiquiti Inc.是一家美国科技企业，2003年于加利福尼亚州圣何塞成立，目前总部位于纽约。公司旗下拥有多个品牌，主营面向企业及家庭用户的有线、无线数据通信产品的研发、生产与销售。
AR vs UI — 直观对比
营收规模更大
AR
是对方的1.7倍
$814.9M
营收增速更快
UI
高出66.3%
-30.5%
自由现金流更多
UI
多$24.6M
$235.6M
两年增速更快
UI
近两年复合增速
17.6%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $814.9M |
| 净利润 | — | $233.6M |
| 毛利率 | — | 45.9% |
| 营业利润率 | 20.1% | 35.9% |
| 净利率 | — | 28.7% |
| 营收同比 | -30.5% | 35.8% |
| 净利润同比 | — | 70.8% |
| 每股收益（稀释后） | $0.66 | $3.86 |
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ARUI
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.4B | $814.9M | ||
| Q3 25 | $1.2B | $733.8M | ||
| Q2 25 | $1.3B | $759.2M | ||
| Q1 25 | $1.4B | $664.2M | ||
| Q4 24 | $1.2B | $599.9M | ||
| Q3 24 | $1.1B | $550.3M | ||
| Q2 24 | $978.7M | $507.5M |
净利润ARUI
| Q1 26 | — | — | ||
| Q4 25 | $202.9M | $233.6M | ||
| Q3 25 | $85.6M | $207.9M | ||
| Q2 25 | $166.6M | $266.7M | ||
| Q1 25 | $219.5M | $180.4M | ||
| Q4 24 | $158.8M | $136.8M | ||
| Q3 24 | $-25.2M | $128.0M | ||
| Q2 24 | $-74.6M | $103.8M |
毛利率ARUI
| Q1 26 | — | — | ||
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 46.0% | ||
| Q2 25 | — | 45.1% | ||
| Q1 25 | — | 44.5% | ||
| Q4 24 | — | 41.2% | ||
| Q3 24 | — | 42.1% | ||
| Q2 24 | — | 40.2% |
营业利润率ARUI
| Q1 26 | 20.1% | — | ||
| Q4 25 | 20.5% | 35.9% | ||
| Q3 25 | 9.7% | 35.7% | ||
| Q2 25 | 15.8% | 34.4% | ||
| Q1 25 | 20.1% | 34.2% | ||
| Q4 24 | 4.9% | 29.8% | ||
| Q3 24 | -2.4% | 30.7% | ||
| Q2 24 | -8.2% | 27.3% |
净利率ARUI
| Q1 26 | — | — | ||
| Q4 25 | 14.4% | 28.7% | ||
| Q3 25 | 7.1% | 28.3% | ||
| Q2 25 | 12.8% | 35.1% | ||
| Q1 25 | 16.2% | 27.2% | ||
| Q4 24 | 13.6% | 22.8% | ||
| Q3 24 | -2.4% | 23.3% | ||
| Q2 24 | -7.6% | 20.5% |
每股收益（稀释后）ARUI
| Q1 26 | $0.66 | — | ||
| Q4 25 | $0.63 | $3.86 | ||
| Q3 25 | $0.24 | $3.43 | ||
| Q2 25 | $0.50 | $4.40 | ||
| Q1 25 | $0.66 | $2.98 | ||
| Q4 24 | $0.48 | $2.26 | ||
| Q3 24 | $-0.11 | $2.12 | ||
| Q2 24 | $-0.26 | $1.72 |
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 | — | $302.8M |
| 总债务越低越好 | $1.4B | $47.5M |
| 股东权益账面价值 | $7.6B | $1.0B |
| 总资产 | $13.2B | $1.6B |
| 负债/权益比越低杠杆越低 | 0.19× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资ARUI
| Q1 26 | — | — | ||
| Q4 25 | — | $302.8M | ||
| Q3 25 | — | $177.2M | ||
| Q2 25 | — | $149.7M | ||
| Q1 25 | — | $151.0M | ||
| Q4 24 | — | $133.1M | ||
| Q3 24 | — | $165.2M | ||
| Q2 24 | — | $126.3M |
总债务ARUI
| Q1 26 | $1.4B | — | ||
| Q4 25 | — | $47.5M | ||
| Q3 25 | — | $133.8M | ||
| Q2 25 | — | $250.0M | ||
| Q1 25 | — | $340.0M | ||
| Q4 24 | — | $406.3M | ||
| Q3 24 | — | $552.5M | ||
| Q2 24 | — | $708.1M |
股东权益ARUI
| Q1 26 | $7.6B | — | ||
| Q4 25 | $7.6B | $1.0B | ||
| Q3 25 | $7.3B | $828.4M | ||
| Q2 25 | $7.3B | $668.3M | ||
| Q1 25 | $7.2B | $436.1M | ||
| Q4 24 | $7.0B | $290.4M | ||
| Q3 24 | $7.0B | $188.1M | ||
| Q2 24 | $7.0B | $95.1M |
总资产ARUI
| Q1 26 | $13.2B | — | ||
| Q4 25 | $13.2B | $1.6B | ||
| Q3 25 | $12.9B | $1.5B | ||
| Q2 25 | $12.8B | $1.5B | ||
| Q1 25 | $13.0B | $1.3B | ||
| Q4 24 | $13.0B | $1.2B | ||
| Q3 24 | $13.2B | $1.2B | ||
| Q2 24 | $13.4B | $1.2B |
负债/权益比ARUI
| Q1 26 | 0.19× | — | ||
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.37× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 2.94× | ||
| Q2 24 | — | 7.45× |
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 | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $235.6M | $260.3M |
| 自由现金流率自由现金流/营收 | 17.4% | 31.9% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 现金转化率经营现金流/净利润 | — | 1.13× |
| 过去12个月自由现金流最近4个季度 | — | $699.5M |
8季度趋势，按日历期对齐
经营现金流ARUI
| Q1 26 | $457.7M | — | ||
| Q4 25 | $370.7M | $263.9M | ||
| Q3 25 | $310.1M | $198.5M | ||
| Q2 25 | $492.4M | $130.4M | ||
| Q1 25 | $457.7M | $123.6M | ||
| Q4 24 | $278.0M | $152.4M | ||
| Q3 24 | $166.2M | $233.7M | ||
| Q2 24 | $143.5M | $231.4M |
自由现金流ARUI
| Q1 26 | $235.6M | — | ||
| Q4 25 | — | $260.3M | ||
| Q3 25 | — | $193.3M | ||
| Q2 25 | — | $125.2M | ||
| Q1 25 | — | $120.7M | ||
| Q4 24 | — | $150.4M | ||
| Q3 24 | — | $231.1M | ||
| Q2 24 | — | $229.5M |
自由现金流率ARUI
| Q1 26 | 17.4% | — | ||
| Q4 25 | — | 31.9% | ||
| Q3 25 | — | 26.3% | ||
| Q2 25 | — | 16.5% | ||
| Q1 25 | — | 18.2% | ||
| Q4 24 | — | 25.1% | ||
| Q3 24 | — | 42.0% | ||
| Q2 24 | — | 45.2% |
资本支出强度ARUI
| Q1 26 | — | — | ||
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.4% |
现金转化率ARUI
| Q1 26 | — | — | ||
| Q4 25 | 1.83× | 1.13× | ||
| Q3 25 | 3.62× | 0.95× | ||
| Q2 25 | 2.96× | 0.49× | ||
| Q1 25 | 2.09× | 0.68× | ||
| Q4 24 | 1.75× | 1.11× | ||
| Q3 24 | — | 1.83× | ||
| Q2 24 | — | 2.23× |
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% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
