Antero Resources (AR) Return on Invested Capital [ROIC] (2013 - 2026)
Antero Resources' Return on Invested Capital [ROIC] came in at 12.50% for Q3 2026, up 5.47 percentage points from 7.03% a year earlier and up 1.84 percentage points from the prior quarter.
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Analysis
Antero Resources (AR) Return on Invested Capital [ROIC] (2013 - 2026) Analysis & Trends
For FY2025, Antero Resources' Return on Invested Capital [ROIC] was 7.51%, up 7.51 percentage points from FY2024.
- Return on Invested Capital [ROIC] carries a five-year change of +14.82 percentage points (FY2020 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was 0.00% in FY2024 (-3.88 pp), 3.88% in FY2023 (-21.57 pp), 25.45% in FY2022 (+25.26 pp) and 0.19% in FY2021 (+7.49 pp).
- The Q3 2026 figure represents the highest quarterly Return on Invested Capital [ROIC] since Q2 2023.
- Year-over-year, Return on Invested Capital [ROIC] has increased for seven consecutive quarters, with an average year-over-year change of +4.33 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q3 2022 (a gain of 40.20 percentage points), and the weakest in Q1 2024 (a drop of 28.90 percentage points).
- Business Quant data shows AR's Return on Invested Capital [ROIC] at 10.66% (Q2 2026), 10.27% (Q1 2026) and 7.46% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 13.86% |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | - |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 12.13% |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | - |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 9.03% |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 25.32% |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 57.33% |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | - |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 25.31% |
| 10 | Antero Resources | 11.90 Bn | 11.90 Bn | 54.18 Mn | 12.50% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 12.50% |
| Jun 30, 2026 | 10.66% |
| Mar 31, 2026 | 10.27% |
| Dec 31, 2025 | 7.46% |
| Sep 30, 2025 | 7.03% |
| Jun 30, 2025 | 5.89% |
| Mar 31, 2025 | 2.58% |
| Dec 31, 2024 | 0.00% |
| Sep 30, 2024 | 0.30% |
| Jun 30, 2024 | 1.06% |
| Mar 31, 2024 | 1.17% |
| Dec 31, 2023 | 3.76% |
| Sep 30, 2023 | 11.84% |
| Jun 30, 2023 | 18.92% |
| Mar 31, 2023 | 30.07% |
| Dec 31, 2022 | 26.32% |
| Sep 30, 2022 | 29.55% |
| Jun 30, 2022 | 14.49% |
| Mar 31, 2022 | -2.49% |
| Dec 31, 2021 | 0.21% |
API Access
Antero Resources 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=AR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "AR", "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=AR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();