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ANTERO RESOURCES Corp（AR）与Workday, Inc.（WDAY）财务数据对比。点击上方公司名可切换其他公司
Workday, Inc.的季度营收约是ANTERO RESOURCES Corp的1.7倍（$2.4B vs $1.4B），ANTERO RESOURCES Corp净利率更高（14.4% vs 10.4%，领先4.0%），ANTERO RESOURCES Corp同比增速更快（20.8% vs 12.6%），过去两年Workday, Inc.的营收复合增速更高（12.5% vs 12.2%）
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。
Workday是全球领先的企业级云软件供应商，核心产品覆盖人力资本管理、财务管理及企业资源规划解决方案，主要服务教育、医疗、金融、科技等行业的中大型机构，业务遍布北美、欧洲、亚太等全球主要市场。
AR vs WDAY — 直观对比
营收规模更大
WDAY
是对方的1.7倍
$1.4B
营收增速更快
AR
高出8.2%
12.6%
净利率更高
AR
高出4.0%
10.4%
两年增速更快
WDAY
近两年复合增速
12.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.4B |
| 净利润 | $202.9M | $252.0M |
| 毛利率 | — | — |
| 营业利润率 | 20.5% | 10.6% |
| 净利率 | 14.4% | 10.4% |
| 营收同比 | 20.8% | 12.6% |
| 净利润同比 | 27.8% | 30.6% |
| 每股收益（稀释后） | $0.63 | $0.94 |
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ARWDAY
| Q4 25 | $1.4B | $2.4B | ||
| Q3 25 | $1.2B | $2.3B | ||
| Q2 25 | $1.3B | $2.2B | ||
| Q1 25 | $1.4B | $2.2B | ||
| Q4 24 | $1.2B | $2.2B | ||
| Q3 24 | $1.1B | $2.1B | ||
| Q2 24 | $978.7M | $2.0B | ||
| Q1 24 | $1.1B | $1.9B |
净利润ARWDAY
| Q4 25 | $202.9M | $252.0M | ||
| Q3 25 | $85.6M | $228.0M | ||
| Q2 25 | $166.6M | $68.0M | ||
| Q1 25 | $219.5M | $94.0M | ||
| Q4 24 | $158.8M | $193.0M | ||
| Q3 24 | $-25.2M | $132.0M | ||
| Q2 24 | $-74.6M | $107.0M | ||
| Q1 24 | $34.7M | $1.2B |
营业利润率ARWDAY
| Q4 25 | 20.5% | 10.6% | ||
| Q3 25 | 9.7% | 10.6% | ||
| Q2 25 | 15.8% | 1.7% | ||
| Q1 25 | 20.1% | 3.4% | ||
| Q4 24 | 4.9% | 7.6% | ||
| Q3 24 | -2.4% | 5.3% | ||
| Q2 24 | -8.2% | 3.2% | ||
| Q1 24 | 4.3% | 4.1% |
净利率ARWDAY
| Q4 25 | 14.4% | 10.4% | ||
| Q3 25 | 7.1% | 9.7% | ||
| Q2 25 | 12.8% | 3.0% | ||
| Q1 25 | 16.2% | 4.3% | ||
| Q4 24 | 13.6% | 8.9% | ||
| Q3 24 | -2.4% | 6.3% | ||
| Q2 24 | -7.6% | 5.4% | ||
| Q1 24 | 3.1% | 61.8% |
每股收益（稀释后）ARWDAY
| Q4 25 | $0.63 | $0.94 | ||
| Q3 25 | $0.24 | $0.84 | ||
| Q2 25 | $0.50 | $0.25 | ||
| Q1 25 | $0.66 | $0.34 | ||
| Q4 24 | $0.48 | $0.72 | ||
| Q3 24 | $-0.11 | $0.49 | ||
| Q2 24 | $-0.26 | $0.40 | ||
| Q1 24 | $0.07 | $4.48 |
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 | — | $6.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.6B | $8.9B |
| 总资产 | $13.2B | $17.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ARWDAY
| Q4 25 | — | $6.8B | ||
| Q3 25 | — | $8.2B | ||
| Q2 25 | — | $8.0B | ||
| Q1 25 | — | $8.0B | ||
| Q4 24 | — | $7.2B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $7.2B | ||
| Q1 24 | — | $7.8B |
总债务ARWDAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $3.0B | ||
| Q1 24 | — | $3.0B |
股东权益ARWDAY
| Q4 25 | $7.6B | $8.9B | ||
| Q3 25 | $7.3B | $9.2B | ||
| Q2 25 | $7.3B | $8.9B | ||
| Q1 25 | $7.2B | $9.0B | ||
| Q4 24 | $7.0B | $8.6B | ||
| Q3 24 | $7.0B | $8.3B | ||
| Q2 24 | $7.0B | $8.2B | ||
| Q1 24 | $7.1B | $8.1B |
总资产ARWDAY
| Q4 25 | $13.2B | $17.8B | ||
| Q3 25 | $12.9B | $18.0B | ||
| Q2 25 | $12.8B | $17.2B | ||
| Q1 25 | $13.0B | $18.0B | ||
| Q4 24 | $13.0B | $16.4B | ||
| Q3 24 | $13.2B | $16.2B | ||
| Q2 24 | $13.4B | $15.9B | ||
| Q1 24 | $13.5B | $16.5B |
负债/权益比ARWDAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | 0.37× |
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 | $588.0M |
| 自由现金流经营现金流 - 资本支出 | — | $550.0M |
| 自由现金流率自由现金流/营收 | — | 22.6% |
| 资本支出强度资本支出/营收 | — | 1.6% |
| 现金转化率经营现金流/净利润 | 1.83× | 2.33× |
| 过去12个月自由现金流最近4个季度 | — | $2.6B |
8季度趋势，按日历期对齐
经营现金流ARWDAY
| Q4 25 | $370.7M | $588.0M | ||
| Q3 25 | $310.1M | $616.0M | ||
| Q2 25 | $492.4M | $457.0M | ||
| Q1 25 | $457.7M | $1.1B | ||
| Q4 24 | $278.0M | $406.0M | ||
| Q3 24 | $166.2M | $571.0M | ||
| Q2 24 | $143.5M | $372.0M | ||
| Q1 24 | $261.6M | $995.6M |
自由现金流ARWDAY
| Q4 25 | — | $550.0M | ||
| Q3 25 | — | $588.0M | ||
| Q2 25 | — | $421.0M | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $359.0M | ||
| Q3 24 | — | $516.0M | ||
| Q2 24 | — | $291.0M | ||
| Q1 24 | — | $947.6M |
自由现金流率ARWDAY
| Q4 25 | — | 22.6% | ||
| Q3 25 | — | 25.0% | ||
| Q2 25 | — | 18.8% | ||
| Q1 25 | — | 46.4% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | — | 24.7% | ||
| Q2 24 | — | 14.6% | ||
| Q1 24 | — | 49.3% |
资本支出强度ARWDAY
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 4.1% | ||
| Q1 24 | — | 2.5% |
现金转化率ARWDAY
| Q4 25 | 1.83× | 2.33× | ||
| Q3 25 | 3.62× | 2.70× | ||
| Q2 25 | 2.96× | 6.72× | ||
| Q1 25 | 2.09× | 11.83× | ||
| Q4 24 | 1.75× | 2.10× | ||
| Q3 24 | — | 4.33× | ||
| Q2 24 | — | 3.48× | ||
| Q1 24 | 7.55× | 0.84× |
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% |
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
