Antero Midstream vs Viper Energy
Add, change or remove companies; up to four.
KIRAβs take AI analyst
I put Antero Midstream and Viper Energy side by side, using each oneβs latest annual report. Here is what stands out:
- Viper Energy is the larger business, with $1.4B of revenue in fiscal 2025 against $1.2B for Antero Midstream.
- Viper Energy grew revenue faster (62.0%, against 7.4%).
- Antero Midstream kept more of each dollar of sales as operating profit (54.3% operating margin, against β10.0%).
- Antero Midstream earned a higher return on the capital invested in it (9.2%, against β1.3%).
Who comes out ahead
Of the 9 measures where higher (or lower) is clearly better, how many each company leads.
Antero Midstream
AM
7/9
Operating marginNet marginReturn on capitalReturn on equityPiotroski F-scoreNet debt / EBITDAShare count change
Viper Energy
VNOM
2/9
Revenue growth5-year growth
Side by side
Best in the row
| Latest fiscal year | AM FY25 | VNOM FY25 |
|---|---|---|
| Size | ||
| Market cap | $9.9B | $9.1B |
| Revenue | $1.2B | $1.4B |
| Free cash flow | β | β |
| Net income | $413M | β$68.0M |
| Growth | ||
| Revenue growth | 7.4% | 62.0% |
| 5-year growth | 5.7% | 41.0% |
| Share count change | β0.6% | 51.7% |
| Profitability | ||
| Gross margin | β | β |
| Operating margin | 54.3% | β10.0% |
| Net margin | 34.8% | β4.9% |
| FCF margin | β | β |
| Return on capital | 9.2% | β1.3% |
| Return on equity | 20.2% | β2.2% |
| Balance sheet | ||
| Net debt | $3.0B | $2.2B |
| Net debt / EBITDA | 3.6x | 4.7x |
| Dividends and buybacks | $574M | $328M |
| Valuation & quality | ||
| P/E | 24.8x | β |
| Piotroski F-score | 7 | 3 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
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.