Antero Midstream (AM) Return on Invested Capital [ROIC] (2019 - 2026)
Antero Midstream (AM) posted Return on Invested Capital [ROIC] of 8.53% for Q2 2026, down 1.53 percentage points from 10.06% a year earlier and down 0.33 percentage points from the prior quarter.
Powered by 
Analysis
Antero Midstream (AM) Return on Invested Capital [ROIC] (2019 - 2026) Analysis & Trends
For FY2025, Antero Midstream's Return on Invested Capital [ROIC] came in at 9.06%, down 0.04 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] shows a five-year change of +10.46 percentage points (FY2020 to FY2025).
- In prior years, Antero Midstream's Return on Invested Capital [ROIC] was 9.09% in FY2024 (+0.76 pp), 8.33% in FY2023 (+1.10 pp), 7.24% in FY2022 (-0.28 pp) and 7.52% in FY2021 (+8.92 pp).
- The Q2 2026 figure stands as the lowest quarterly Return on Invested Capital [ROIC] since Q4 2023.
- On a year-over-year basis, Return on Invested Capital [ROIC] increased in six of the last eight quarters, with an average year-over-year change of +0.35 percentage points.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was Q4 2021, with a gain of 9.04 percentage points; the weakest was Q2 2026, with a drop of 1.53 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was 8.86% (Q1 2026), 9.19% (Q4 2025) and 10.42% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 100.40 Bn | 97.94 Bn | 4.84 Bn | 4.91% |
| 2 | Williams Companies | 86.28 Bn | 85.00 Bn | 2.54 Bn | - |
| 3 | Enterprise Products Partners | 78.15 Bn | 76.58 Bn | - | 12.19% |
| 4 | Energy Transfer | 70.55 Bn | 63.99 Bn | 7.40 Bn | 8.40% |
| 5 | Kinder Morgan | 69.13 Bn | 70.08 Bn | 3.07 Bn | 6.24% |
| 6 | Tc Energy | 61.50 Bn | 64.57 Bn | 2.81 Bn | - |
| 7 | Targa Resources | 60.39 Bn | 60.01 Bn | 2.14 Bn | 13.19% |
| 8 | Mplx | 57.19 Bn | 50.75 Bn | 2.91 Bn | 14.70% |
| 9 | Cheniere Energy | 55.74 Bn | 55.87 Bn | 5.29 Bn | 15.54% |
| 10 | Antero Midstream | 9.66 Bn | 9.66 Bn | 242.72 Mn | 8.53% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.53% |
| Mar 31, 2026 | 8.86% |
| Dec 31, 2025 | 9.19% |
| Sep 30, 2025 | 10.42% |
| Jun 30, 2025 | 10.06% |
| Mar 31, 2025 | 9.50% |
| Dec 31, 2024 | 9.15% |
| Sep 30, 2024 | 8.94% |
| Jun 30, 2024 | 8.93% |
| Mar 31, 2024 | 8.78% |
| Dec 31, 2023 | 8.44% |
| Sep 30, 2023 | 8.08% |
| Jun 30, 2023 | 7.70% |
| Mar 31, 2023 | 7.41% |
| Dec 31, 2022 | 7.27% |
| Sep 30, 2022 | 7.21% |
| Jun 30, 2022 | 7.25% |
| Mar 31, 2022 | 7.52% |
| Dec 31, 2021 | 7.59% |
| Sep 30, 2021 | 7.49% |
API Access
Antero Midstream Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=AM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "AM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=AM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();