Antero Resources
AR · Oil & Gas Exploration & Production
$40.16
2.9%Matador Resources
MTDR · Oil & Gas Exploration & Production
$59.96
5.6%The short version
- Antero Resources is the larger business, with $5.3B of revenue in fiscal 2025 against $3.7B for Matador Resources.
- Antero Resources grew revenue faster (22.0%, against 5.5%).
- Matador Resources kept more of each dollar of sales as operating profit (33.2% operating margin, against 16.8% operating margin).
- Antero Resources turned more of its sales into free cash flow (30.8% FCF margin, against 7.3% FCF margin).
- Investors pay more for each dollar of Antero Resources’s earnings: a P/E of 11.5x against 10.3x for Matador Resources.
| Latest fiscal year | AR · FY25 | MTDR · FY25 |
|---|---|---|
| Size | ||
| Market cap | $12.5B | $7.4B |
| Revenue | $5.3B | $3.7B |
| Free cash flow | $1.6B | $270M |
| Net income | $675M | $759M |
| Growth | ||
| Revenue growth | 22.0% | 5.5% |
| 5-year growth | 8.6% | 33.8% |
| Share count change | −0.3% | 0.4% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 16.8% | 33.2% |
| Net margin | 12.8% | 20.5% |
| FCF margin | 30.8% | 7.3% |
| Return on capital | 7.6% | — |
| Return on equity | 9.3% | 14.1% |
| Balance sheet | ||
| Net debt | $1.2B | — |
| Net debt / EBITDA | 0.7x | — |
| Dividends and buybacks | $136M | $219M |
| Valuation & quality | ||
| P/E | 11.5x | 10.3x |
| Piotroski F-score | 8 | — |
FY16
AR $1.7B
MTDR $264M
FY17
AR $3.7B
MTDR $544M
FY18
AR $4.1B
MTDR $900M
FY19
AR $4.4B
MTDR $984M
FY20
AR $3.5B
MTDR $862M
FY21
AR $4.6B
MTDR $1.7B
FY22
AR $7.1B
MTDR $3.1B
FY23
AR $4.7B
MTDR $2.8B
FY24
AR $4.3B
MTDR $3.5B
FY25
AR $5.3B
MTDR $3.7B
AR
MTDR
FY16
AR −55.9%
MTDR −67.0%
FY17
AR 20.3%
MTDR 29.6%
FY18
AR 1.7%
MTDR 40.4%
FY19
AR −22.4%
MTDR 23.9%
FY20
AR −27.3%
MTDR −60.5%
FY21
AR 0.5%
MTDR 47.7%
FY22
AR 35.6%
MTDR 57.5%
FY23
AR 8.5%
MTDR 43.1%
FY24
AR 0.0%
MTDR 40.9%
FY25
AR 16.8%
MTDR 33.2%
AR
MTDR
FY16
AR $1.2B
MTDR −$320M
FY17
AR −$210M
MTDR −$574M
FY18
AR −$129M
MTDR −$896M
FY19
AR −$319M
MTDR −$394M
FY20
AR −$139M
MTDR −$244M
FY21
AR $944M
MTDR $215M
FY22
AR $2.1B
MTDR $915M
FY23
AR $978M
MTDR −$1.4B
FY24
AR $838M
MTDR −$1.7B
FY25
AR $1.6B
MTDR $270M
AR
MTDR
FY16
AR −6.3%
MTDR —
FY17
AR 5.7%
MTDR —
FY18
AR 0.4%
MTDR —
FY19
AR −6.3%
MTDR —
FY20
AR −7.6%
MTDR —
FY21
AR 0.2%
MTDR —
FY22
AR 25.4%
MTDR —
FY23
AR 3.9%
MTDR —
FY24
AR 0.0%
MTDR —
FY25
AR 7.6%
MTDR —
AR
MTDR
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.