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Archrock, Inc.（AROC）与Atmos Energy（ATO）财务数据对比。点击上方公司名可切换其他公司
Atmos Energy的季度营收约是Archrock, Inc.的3.6倍（$1.3B vs $377.1M）。Archrock, Inc.净利率更高（31.0% vs 30.0%，领先1.0%）。Archrock, Inc.同比增速更快（15.5% vs 14.2%）。Archrock, Inc.自由现金流更多（$126.7M vs $-725.3M）。过去两年Archrock, Inc.的营收复合增速更高（18.5% vs -9.7%）
Archrock, Inc. 是领先的天然气压缩服务及相关设备解决方案供应商，主要服务北美油气领域，核心业务涵盖压缩系统租赁、维护、售后支持及销售，覆盖上游生产、中游运输与天然气加工板块。
Atmos Energy总部位于美国得克萨斯州达拉斯，是美国规模最大的纯天然气分销商之一，业务覆盖美国9个州的1400多个社区，为东起蓝岭山脉、西至落基山脉区域内的约300万天然气用户提供服务。
AROC vs ATO — 直观对比
营收规模更大
ATO
是对方的3.6倍
$377.1M
营收增速更快
AROC
高出1.4%
14.2%
净利率更高
AROC
高出1.0%
30.0%
自由现金流更多
AROC
多$852.0M
$-725.3M
两年增速更快
AROC
近两年复合增速
-9.7%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $377.1M | $1.3B |
| 净利润 | $116.8M | $403.0M |
| 毛利率 | 53.0% | — |
| 营业利润率 | 39.4% | 38.3% |
| 净利率 | 31.0% | 30.0% |
| 营收同比 | 15.5% | 14.2% |
| 净利润同比 | 95.4% | 14.5% |
| 每股收益（稀释后） | $0.67 | $2.44 |
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AROCATO
| Q4 25 | $377.1M | $1.3B | ||
| Q3 25 | $382.4M | $737.5M | ||
| Q2 25 | $383.2M | $838.8M | ||
| Q1 25 | $347.2M | $2.0B | ||
| Q4 24 | $326.4M | $1.2B | ||
| Q3 24 | $292.2M | $657.9M | ||
| Q2 24 | $270.5M | $701.5M | ||
| Q1 24 | $268.5M | $1.6B |
净利润AROCATO
| Q4 25 | $116.8M | $403.0M | ||
| Q3 25 | $71.2M | $174.9M | ||
| Q2 25 | $63.4M | $186.4M | ||
| Q1 25 | $70.8M | $485.6M | ||
| Q4 24 | $59.8M | $351.9M | ||
| Q3 24 | $37.5M | $134.0M | ||
| Q2 24 | $34.4M | $165.6M | ||
| Q1 24 | $40.5M | $432.0M |
毛利率AROCATO
| Q4 25 | 53.0% | — | ||
| Q3 25 | 48.5% | — | ||
| Q2 25 | 45.4% | — | ||
| Q1 25 | 47.4% | 60.0% | ||
| Q4 24 | 46.3% | 80.1% | ||
| Q3 24 | 44.4% | — | ||
| Q2 24 | 41.5% | — | ||
| Q1 24 | 42.1% | 62.1% |
营业利润率AROCATO
| Q4 25 | 39.4% | 38.3% | ||
| Q3 25 | 25.3% | 29.8% | ||
| Q2 25 | 22.5% | 30.1% | ||
| Q1 25 | 26.5% | 32.2% | ||
| Q4 24 | 24.0% | 39.1% | ||
| Q3 24 | 18.1% | 28.1% | ||
| Q2 24 | 17.6% | 31.4% | ||
| Q1 24 | 20.0% | 33.4% |
净利率AROCATO
| Q4 25 | 31.0% | 30.0% | ||
| Q3 25 | 18.6% | 23.7% | ||
| Q2 25 | 16.6% | 22.2% | ||
| Q1 25 | 20.4% | 24.9% | ||
| Q4 24 | 18.3% | 29.9% | ||
| Q3 24 | 12.8% | 20.4% | ||
| Q2 24 | 12.7% | 23.6% | ||
| Q1 24 | 15.1% | 26.2% |
每股收益（稀释后）AROCATO
| Q4 25 | $0.67 | $2.44 | ||
| Q3 25 | $0.40 | $1.04 | ||
| Q2 25 | $0.36 | $1.16 | ||
| Q1 25 | $0.40 | $3.03 | ||
| Q4 24 | $0.35 | $2.23 | ||
| Q3 24 | $0.22 | $0.82 | ||
| Q2 24 | $0.22 | $1.08 | ||
| Q1 24 | $0.26 | $2.85 |
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 | $1.6M | $367.0M |
| 总债务越低越好 | — | $9.6B |
| 股东权益账面价值 | $1.5B | $14.3B |
| 总资产 | $4.3B | $29.8B |
| 负债/权益比越低杠杆越低 | — | 0.67× |
8季度趋势，按日历期对齐
现金及短期投资AROCATO
| Q4 25 | $1.6M | $367.0M | ||
| Q3 25 | $4.1M | $202.7M | ||
| Q2 25 | $5.9M | $709.4M | ||
| Q1 25 | $4.8M | $543.5M | ||
| Q4 24 | $4.4M | $584.5M | ||
| Q3 24 | $3.7M | $307.3M | ||
| Q2 24 | $919.0K | $674.6M | ||
| Q1 24 | $1.2M | $262.5M |
总债务AROCATO
| Q4 25 | — | $9.6B | ||
| Q3 25 | — | $8.9B | ||
| Q2 25 | — | $8.9B | ||
| Q1 25 | — | $8.4B | ||
| Q4 24 | — | $8.4B | ||
| Q3 24 | — | $7.8B | ||
| Q2 24 | — | $7.8B | ||
| Q1 24 | — | $7.4B |
股东权益AROCATO
| Q4 25 | $1.5B | $14.3B | ||
| Q3 25 | $1.4B | $13.6B | ||
| Q2 25 | $1.4B | $13.4B | ||
| Q1 25 | $1.3B | $13.1B | ||
| Q4 24 | $1.3B | $12.8B | ||
| Q3 24 | $1.3B | $12.2B | ||
| Q2 24 | $894.5M | $12.2B | ||
| Q1 24 | $882.1M | $11.6B |
总资产AROCATO
| Q4 25 | $4.3B | $29.8B | ||
| Q3 25 | $4.4B | $28.2B | ||
| Q2 25 | $4.4B | $27.7B | ||
| Q1 25 | $4.0B | $27.0B | ||
| Q4 24 | $3.8B | $26.5B | ||
| Q3 24 | $3.8B | $25.2B | ||
| Q2 24 | $2.7B | $24.9B | ||
| Q1 24 | $2.7B | $24.0B |
负债/权益比AROCATO
| Q4 25 | — | 0.67× | ||
| Q3 25 | — | 0.66× | ||
| Q2 25 | — | 0.67× | ||
| Q1 25 | — | 0.64× | ||
| Q4 24 | — | 0.66× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.64× |
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 | $214.5M | $308.1M |
| 自由现金流经营现金流 - 资本支出 | $126.7M | $-725.3M |
| 自由现金流率自由现金流/营收 | 33.6% | -54.0% |
| 资本支出强度资本支出/营收 | 23.3% | 77.0% |
| 现金转化率经营现金流/净利润 | 1.84× | 0.76× |
| 过去12个月自由现金流最近4个季度 | $119.6M | $-1.6B |
8季度趋势，按日历期对齐
经营现金流AROCATO
| Q4 25 | $214.5M | $308.1M | ||
| Q3 25 | $164.5M | $348.1M | ||
| Q2 25 | $127.5M | $496.4M | ||
| Q1 25 | $115.6M | $922.9M | ||
| Q4 24 | $124.3M | $282.0M | ||
| Q3 24 | $96.9M | $330.7M | ||
| Q2 24 | $70.7M | $411.2M | ||
| Q1 24 | $137.7M | $746.6M |
自由现金流AROCATO
| Q4 25 | $126.7M | $-725.3M | ||
| Q3 25 | $29.5M | $-615.5M | ||
| Q2 25 | $16.0M | $-370.6M | ||
| Q1 25 | $-52.5M | $83.3M | ||
| Q4 24 | $26.4M | $-609.2M | ||
| Q3 24 | $26.9M | $-477.3M | ||
| Q2 24 | $-20.6M | $-302.4M | ||
| Q1 24 | $37.9M | $100.7M |
自由现金流率AROCATO
| Q4 25 | 33.6% | -54.0% | ||
| Q3 25 | 7.7% | -83.5% | ||
| Q2 25 | 4.2% | -44.2% | ||
| Q1 25 | -15.1% | 4.3% | ||
| Q4 24 | 8.1% | -51.8% | ||
| Q3 24 | 9.2% | -72.5% | ||
| Q2 24 | -7.6% | -43.1% | ||
| Q1 24 | 14.1% | 6.1% |
资本支出强度AROCATO
| Q4 25 | 23.3% | 77.0% | ||
| Q3 25 | 35.3% | 130.7% | ||
| Q2 25 | 29.1% | 103.4% | ||
| Q1 25 | 48.4% | 43.0% | ||
| Q4 24 | 30.0% | 75.8% | ||
| Q3 24 | 24.0% | 122.8% | ||
| Q2 24 | 33.7% | 101.7% | ||
| Q1 24 | 37.2% | 39.2% |
现金转化率AROCATO
| Q4 25 | 1.84× | 0.76× | ||
| Q3 25 | 2.31× | 1.99× | ||
| Q2 25 | 2.01× | 2.66× | ||
| Q1 25 | 1.63× | 1.90× | ||
| Q4 24 | 2.08× | 0.80× | ||
| Q3 24 | 2.58× | 2.47× | ||
| Q2 24 | 2.05× | 2.48× | ||
| Q1 24 | 3.40× | 1.73× |
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
AROC
| Horsepower Group Three | $112.6M | 30% |
| Horsepower Group Two | $108.5M | 29% |
| Horsepower Group One | $105.9M | 28% |
| Services | $32.9M | 9% |
| Over Counter Parts And Component Sales | $17.0M | 5% |
| Transferred At Point In Time | $1.4M | 0% |
ATO
| Distribution Segment | $1.3B | 94% |
| Transportation Revenue | $41.5M | 3% |
| Other | $39.4M | 3% |
| Miscellaneous Revenue | $2.8M | 0% |
