Antero Midstream reported a gross margin of 74.17% and a net margin of 34.69% for the quarter ended Jun 2026. These financial ratios cover 42 quarters of results from Mar 2016 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Mar2016 | Jun2016 | Sep2016 | Dec2016 | Mar2017 | Jun2017 | Sep2017 | Dec2017 | Mar2018 | Jun2018 | Sep2018 | Dec2018 | Mar2019 | Jun2019 | Sep2019 | Dec2019 | Mar2020 | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||||||||||||||||||||||||||||||||||
| Gross Margin | 82.43% | 82.10% | 80.77% | 81.08% | 79.81% | 80.01% | 77.70% | 79.64% | 80.32% | 80.48% | 80.68% | 79.09% | 80.83% | 80.55% | 80.48% | 79.34% | 80.37% | 81.79% | 77.50% | 74.17% | ||||||||||||||||||||||
| EBT Margin | 53.99% | 49.52% | 49.48% | 46.22% | 49.49% | 47.81% | 45.54% | 44.95% | 50.97% | 50.47% | 50.32% | 42.43% | 51.11% | 54.19% | 53.87% | 55.16% | 54.84% | 25.99% | 49.62% | 47.21% | ||||||||||||||||||||||
| EBIT Margin | 63.09% | 59.37% | 59.11% | 56.09% | 59.63% | 59.67% | 57.17% | 56.34% | 61.52% | 59.84% | 59.58% | 56.62% | 60.19% | 61.83% | 60.87% | 61.03% | 61.22% | 33.84% | 60.03% | 55.59% | ||||||||||||||||||||||
| EBITDA Margin | 75.31% | 72.22% | 72.06% | 71.68% | 74.44% | 73.58% | 70.74% | 69.98% | 73.17% | 73.25% | 72.87% | 70.55% | 72.24% | 73.23% | 72.12% | 71.96% | 72.91% | 45.20% | 71.05% | 67.01% | ||||||||||||||||||||||
| Operating Margin | 63.09% | 59.37% | 59.11% | 56.09% | 59.63% | 59.67% | 57.17% | 56.34% | 61.52% | 59.84% | 59.58% | 56.62% | 60.19% | 61.83% | 60.87% | 61.03% | 61.22% | 33.84% | 60.03% | 55.59% | ||||||||||||||||||||||
| Net Margin | 39.74% | 36.32% | 36.63% | 34.68% | 36.36% | 34.28% | 33.34% | 33.69% | 37.08% | 38.61% | 37.24% | 31.89% | 36.96% | 38.68% | 41.47% | 40.76% | 39.34% | 17.48% | 37.64% | 34.69% | ||||||||||||||||||||||
| FCF Margin | 51.62% | 45.45% | 52.14% | 47.44% | 51.10% | 58.91% | 70.32% | 71.85% | 76.73% | 80.07% | 74.72% | 54.57% | 68.77% | 80.94% | 60.75% | 79.93% | 63.76% | 78.09% | 69.76% | 66.88% | ||||||||||||||||||||||
| Efficiency | ||||||||||||||||||||||||||||||||||||||||||
| Assets AverageAssets Avg. | 5.54B | 5.54B | 5.56B | 5.58B | 5.57B | 5.68B | 5.78B | 5.76B | 5.76B | 5.75B | 5.74B | 5.76B | 5.78B | 5.77B | 5.76B | 5.74B | 5.72B | 5.80B | 6.14B | 6.38B | ||||||||||||||||||||||
| Invested CapitalInvested Cap. | 5.41B | 5.41B | 5.39B | 5.39B | 5.36B | 5.55B | 5.51B | 5.46B | 5.41B | 5.36B | 5.33B | 5.31B | 5.30B | 5.23B | 5.20B | 5.11B | 5.07B | 5.19B | 5.60B | 5.51B | ||||||||||||||||||||||
| Asset Utilization RatioAsset Util. | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.17 | 0.17 | 0.18 | 0.18 | 0.18 | 0.19 | 0.19 | 0.19 | 0.19 | 0.20 | 0.21 | 0.20 | 0.20 | 0.19 | ||||||||||||||||||||||
| Leverage & Solvency | ||||||||||||||||||||||||||||||||||||||||||
| Debt Ratio | 0.56 | 0.56 | 0.56 | 0.57 | 0.56 | 0.58 | 0.58 | 0.57 | 0.57 | 0.56 | 0.55 | 0.55 | 0.55 | 0.54 | 0.54 | 0.53 | 0.53 | 0.55 | 0.57 | 0.56 | ||||||||||||||||||||||
| Dividends & Payouts | ||||||||||||||||||||||||||||||||||||||||||
| Dividend Coverage RatioDiv. Cover | 0.83 | 0.73 | 0.74 | 0.74 | 0.78 | 0.76 | 0.80 | 0.81 | 0.91 | 0.93 | 0.96 | 0.79 | 0.92 | 0.99 | 1.07 | 1.16 | 1.08 | 0.47 | 1.06 | 1.04 | ||||||||||||||||||||||
| FCF Payout RatioFCF Cover | 0.93 | 1.10 | 0.95 | 0.99 | 0.91 | 0.76 | 0.59 | 0.58 | 0.53 | 0.52 | 0.52 | 0.74 | 0.58 | 0.48 | 0.64 | 0.44 | 0.57 | 0.48 | 0.51 | 0.50 | ||||||||||||||||||||||
| Dividend YieldDiv. Yield | 2.17% | 2.34% | 2.08% | 2.49% | 2.45% | 2.10% | 2.16% | 1.94% | 1.88% | 1.80% | 1.60% | 1.53% | 1.50% | 1.56% | 1.31% | 1.19% | 1.16% | 1.32% | 1.03% | 1.02% | ||||||||||||||||||||||
| Payout Ratio | 1.21 | 1.38 | 1.35 | 1.36 | 1.28 | 1.31 | 1.25 | 1.24 | 1.10 | 1.07 | 1.04 | 1.26 | 1.09 | 1.01 | 0.93 | 0.86 | 0.92 | 2.14 | 0.94 | 0.97 | ||||||||||||||||||||||
| Valuation | ||||||||||||||||||||||||||||||||||||||||||
| Price to EarningsP/E | 55.70 | 58.79 | 64.87 | 54.54 | 52.28 | 62.36 | 58.04 | 63.95 | 58.75 | 59.84 | 64.98 | 82.45 | 72.62 | 65.06 | 71.45 | 72.90 | 79.90 | 162.40 | 91.58 | 95.13 | ||||||||||||||||||||||
| Price to SalesP/S | 22.13 | 21.35 | 23.76 | 18.92 | 19.01 | 21.37 | 19.35 | 21.54 | 21.78 | 23.10 | 24.20 | 26.29 | 26.84 | 25.17 | 29.63 | 29.72 | 31.43 | 28.40 | 34.47 | 33.00 | ||||||||||||||||||||||
| Price to BookP/B | 2.15 | 2.02 | 2.30 | 1.94 | 1.99 | 2.36 | 2.31 | 2.58 | 2.67 | 2.79 | 3.14 | 3.33 | 3.40 | 3.42 | 4.13 | 4.35 | 4.49 | 4.28 | 5.59 | 5.55 | ||||||||||||||||||||||
| Enterprise Value | 4.98B | 4.62B | 5.19B | 4.33B | 4.39B | 5.16B | 5.02B | 5.56B | 5.75B | 6.01B | 6.73B | 7.09B | 7.24B | 7.23B | 8.63B | 9.08B | 9.27B | 8.17B | 10.83B | 10.80B | ||||||||||||||||||||||
| EV to EBIT | 35.08 | 35.96 | 40.20 | 33.72 | 31.88 | 35.82 | 33.85 | 38.23 | 35.40 | 38.61 | 40.46 | 46.44 | 44.60 | 40.70 | 48.68 | 48.69 | 51.34 | 81.29 | 57.42 | 59.36 | ||||||||||||||||||||||
| EV to EBITDA | 29.39 | 29.56 | 32.98 | 26.39 | 25.54 | 29.05 | 27.36 | 30.78 | 29.77 | 31.54 | 33.08 | 37.27 | 37.15 | 34.36 | 41.09 | 41.30 | 43.11 | 60.86 | 48.51 | 49.24 | ||||||||||||||||||||||
| Market Capitalization | 4.98B | 4.62B | 5.19B | 4.33B | 4.39B | 5.16B | 5.02B | 5.56B | 5.75B | 6.01B | 6.75B | 7.09B | 7.24B | 7.23B | 8.63B | 9.08B | 9.27B | 8.43B | 10.83B | 10.80B | ||||||||||||||||||||||
| Price to FCFP/FCF | 42.87 | 46.97 | 45.58 | 39.87 | 37.21 | 36.28 | 27.52 | 29.98 | 28.39 | 28.85 | 32.39 | 48.18 | 39.03 | 31.09 | 48.78 | 37.18 | 49.30 | 36.36 | 49.41 | 49.34 | ||||||||||||||||||||||
| EV to FCF | 42.87 | 46.97 | 45.58 | 39.87 | 37.21 | 36.28 | 27.52 | 29.98 | 28.39 | 28.85 | 32.26 | 48.18 | 39.03 | 31.09 | 48.78 | 37.18 | 49.30 | 35.23 | 49.41 | 49.34 | ||||||||||||||||||||||
| EV to CFO | 26.88 | 28.14 | 28.12 | 25.54 | 24.84 | 30.62 | 27.48 | 29.98 | 28.39 | 28.85 | 31.95 | 32.87 | 39.17 | 31.09 | 43.36 | 34.23 | 43.54 | 31.98 | 45.39 | 42.47 | ||||||||||||||||||||||
| Return Ratios | ||||||||||||||||||||||||||||||||||||||||||
| Return on Sales [ROS]ROS | 63.09% | 59.37% | 59.11% | 56.09% | 59.63% | 59.67% | 57.17% | 56.34% | 61.52% | 59.84% | 59.58% | 56.62% | 60.19% | 61.83% | 60.87% | 61.03% | 61.22% | 33.84% | 60.03% | 55.59% | ||||||||||||||||||||||
| Return on Capital Employed [ROCE]ROCE | 10.00% | 10.24% | 10.16% | 9.67% | 9.58% | 9.68% | 9.83% | 10.16% | 10.63% | 10.83% | 11.17% | 11.28% | 11.21% | 11.63% | 11.83% | 12.50% | 12.82% | 11.33% | 10.96% | 10.48% | ||||||||||||||||||||||
| Return on Invested Capital [ROIC]ROIC | 7.49% | 7.59% | 7.52% | 7.25% | 7.21% | 7.27% | 7.41% | 7.70% | 8.08% | 8.44% | 8.78% | 8.93% | 8.94% | 9.15% | 9.50% | 10.06% | 10.42% | 9.19% | 8.86% | 8.53% | ||||||||||||||||||||||
| Return on Assets [ROA]ROA | 5.95% | 5.99% | 5.90% | 5.86% | 5.78% | 5.75% | 5.76% | 5.91% | 6.15% | 6.47% | 6.78% | 6.74% | 6.75% | 6.95% | 7.26% | 7.95% | 8.26% | 7.12% | 6.68% | 6.26% |