ANTERO MIDSTREAM CORP (AM) Stock Fundamental Analysis
NYSE:AM • US03676B1026
22.91 USD
+0.43 (+1.91%)
At close: Mar 2, 2026
23.01 USD
+0.1 (+0.44%)
After Hours: 3/2/2026, 8:04:00 PM
Overall AM gets a fundamental rating of 6 out of 10. We evaluated AM against 207 industry peers in the Oil, Gas & Consumable Fuels industry. While AM has a great profitability rating, there are some minor concerns on its financial health. AM has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- AM had positive earnings in the past year.
- In the past year AM had a positive cash flow from operations.
- Each year in the past 5 years AM has been profitable.
- AM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- The Return On Assets of AM (7.01%) is better than 76.81% of its industry peers.
- Looking at the Return On Equity, with a value of 20.92%, AM belongs to the top of the industry, outperforming 89.86% of the companies in the same industry.
- The Return On Invested Capital of AM (9.28%) is better than 80.68% of its industry peers.
- AM had an Average Return On Invested Capital over the past 3 years of 8.61%. This is significantly below the industry average of 22.15%.
- The 3 year average ROIC (8.61%) for AM is below the current ROIC(9.28%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.01% | ||
| ROE | 20.92% | ||
| ROIC | 9.28% |
ROA(3y)6.81%
ROA(5y)6.41%
ROE(3y)19.03%
ROE(5y)17.29%
ROIC(3y)8.61%
ROIC(5y)8.08%
1.3 Margins
- AM has a better Profit Margin (34.72%) than 90.82% of its industry peers.
- AM's Profit Margin has been stable in the last couple of years.
- With an excellent Operating Margin value of 61.62%, AM belongs to the best of the industry, outperforming 94.20% of the companies in the same industry.
- AM's Operating Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 61.62% | ||
| PM (TTM) | 34.72% | ||
| GM | N/A |
OM growth 3Y1.54%
OM growth 5Y-0.14%
PM growth 3Y-0.65%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so AM is still creating some value.
- The number of shares outstanding for AM has been reduced compared to 1 year ago.
- AM has less shares outstanding than it did 5 years ago.
- The debt/assets ratio for AM is higher compared to a year ago.
2.2 Solvency
- An Altman-Z score of 2.31 indicates that AM is not a great score, but indicates only limited risk for bankruptcy at the moment.
- AM's Altman-Z score of 2.31 is fine compared to the rest of the industry. AM outperforms 69.57% of its industry peers.
- AM has a debt to FCF ratio of 4.18. This is a neutral value as AM would need 4.18 years to pay back of all of its debts.
- AM's Debt to FCF ratio of 4.18 is fine compared to the rest of the industry. AM outperforms 70.05% of its industry peers.
- AM has a Debt/Equity ratio of 1.63. This is a high value indicating a heavy dependency on external financing.
- Looking at the Debt to Equity ratio, with a value of 1.63, AM is doing worse than 74.88% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.63 | ||
| Debt/FCF | 4.18 | ||
| Altman-Z | 2.31 |
ROIC/WACC1.21
WACC7.65%
2.3 Liquidity
- AM has a Current Ratio of 3.41. This indicates that AM is financially healthy and has no problem in meeting its short term obligations.
- With an excellent Current ratio value of 3.41, AM belongs to the best of the industry, outperforming 85.99% of the companies in the same industry.
- A Quick Ratio of 3.41 indicates that AM has no problem at all paying its short term obligations.
- AM has a better Quick ratio (3.41) than 86.47% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.41 | ||
| Quick Ratio | 3.41 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 26.51% over the past year.
- Measured over the past years, AM shows a quite strong growth in Earnings Per Share. The EPS has been growing by 13.26% on average per year.
- Looking at the last year, AM shows a small growth in Revenue. The Revenue has grown by 7.43% in the last year.
- The Revenue has been growing slightly by 5.70% on average over the past years.
EPS 1Y (TTM)26.51%
EPS 3Y13.26%
EPS 5YN/A
EPS Q2Q%30.43%
Revenue 1Y (TTM)7.43%
Revenue growth 3Y8.91%
Revenue growth 5Y5.7%
Sales Q2Q%3.31%
3.2 Future
- AM is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.69% yearly.
- Based on estimates for the next years, AM will show a small growth in Revenue. The Revenue will grow by 5.57% on average per year.
EPS Next Y16.87%
EPS Next 2Y13.69%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.01%
Revenue Next 2Y5.57%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
- The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 21.82, the valuation of AM can be described as rather expensive.
- AM's Price/Earnings ratio is in line with the industry average.
- AM is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.13, which is the current average of the S&P500 Index.
- The Price/Forward Earnings ratio is 18.67, which indicates a rather expensive current valuation of AM.
- AM's Price/Forward Earnings ratio is in line with the industry average.
- AM's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.11.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.82 | ||
| Fwd PE | 18.67 |
4.2 Price Multiples
- AM's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. AM is more expensive than 61.35% of the companies in the same industry.
- 70.05% of the companies in the same industry are more expensive than AM, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.17 | ||
| EV/EBITDA | 14.67 |
4.3 Compensation for Growth
- The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- The decent profitability rating of AM may justify a higher PE ratio.
- AM's earnings are expected to grow with 13.69% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.29
PEG (5Y)N/A
EPS Next 2Y13.69%
EPS Next 3YN/A
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 4.03%, AM is a good candidate for dividend investing.
- AM's Dividend Yield is a higher than the industry average which is at 3.46.
- AM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.03% |
5.2 History
- The dividend of AM decreases each year by -5.58%.
- AM has been paying a dividend for at least 10 years, so it has a reliable track record.
- The dividend of AM decreased in the last 3 years.
Dividend Growth(5Y)-5.58%
Div Incr Years1
Div Non Decr Years2
5.3 Sustainability
- 106.53% of the earnings are spent on dividend by AM. This is not a sustainable payout ratio.
DP106.53%
EPS Next 2Y13.69%
EPS Next 3YN/A
22.91
+0.43 (+1.91%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-11 2026-02-11/amc
Earnings (Next)04-28 2026-04-28
Inst Owners58.45%
Inst Owner Change1.01%
Ins Owners1.36%
Ins Owner Change0.32%
Market Cap10.91B
Revenue(TTM)1.19B
Net Income(TTM)412.61M
Analysts46.25
Price Target20.06 (-12.44%)
Short Float %3.63%
Short Ratio4.19
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.03% |
Yearly Dividend0.92
Dividend Growth(5Y)-5.58%
DP106.53%
Div Incr Years1
Div Non Decr Years2
Ex-Date01-28 2026-01-28 (0.225)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.35%
Min EPS beat(2)-8.88%
Max EPS beat(2)13.58%
EPS beat(4)2
Avg EPS beat(4)1.54%
Min EPS beat(4)-8.88%
Max EPS beat(4)13.58%
EPS beat(8)2
Avg EPS beat(8)-5.17%
EPS beat(12)2
Avg EPS beat(12)-6.22%
EPS beat(16)2
Avg EPS beat(16)-6.85%
Revenue beat(2)0
Avg Revenue beat(2)-1.11%
Min Revenue beat(2)-1.19%
Max Revenue beat(2)-1.03%
Revenue beat(4)2
Avg Revenue beat(4)0.02%
Min Revenue beat(4)-1.19%
Max Revenue beat(4)1.64%
Revenue beat(8)3
Avg Revenue beat(8)-0.55%
Revenue beat(12)3
Avg Revenue beat(12)-1.65%
Revenue beat(16)3
Avg Revenue beat(16)-3.01%
PT rev (1m)3.96%
PT rev (3m)4.89%
EPS NQ rev (1m)8.7%
EPS NQ rev (3m)7.14%
EPS NY rev (1m)-0.6%
EPS NY rev (3m)2.42%
Revenue NQ rev (1m)-3%
Revenue NQ rev (3m)-3%
Revenue NY rev (1m)0.62%
Revenue NY rev (3m)2.84%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.82 | ||
| Fwd PE | 18.67 | ||
| P/S | 9.18 | ||
| P/FCF | 14.17 | ||
| P/OCF | 11.7 | ||
| P/B | 5.53 | ||
| P/tB | 12.15 | ||
| EV/EBITDA | 14.67 |
EPS(TTM)1.05
EY4.58%
EPS(NY)1.23
Fwd EY5.36%
FCF(TTM)1.62
FCFY7.06%
OCF(TTM)1.96
OCFY8.55%
SpS2.5
BVpS4.14
TBVpS1.89
PEG (NY)1.29
PEG (5Y)N/A
Graham Number9.89
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.01% | ||
| ROE | 20.92% | ||
| ROCE | 12.69% | ||
| ROIC | 9.28% | ||
| ROICexc | 9.58% | ||
| ROICexgc | 11.86% | ||
| OM | 61.62% | ||
| PM (TTM) | 34.72% | ||
| GM | N/A | ||
| FCFM | 64.81% |
ROA(3y)6.81%
ROA(5y)6.41%
ROE(3y)19.03%
ROE(5y)17.29%
ROIC(3y)8.61%
ROIC(5y)8.08%
ROICexc(3y)8.71%
ROICexc(5y)8.14%
ROICexgc(3y)10.93%
ROICexgc(5y)10.38%
ROCE(3y)11.77%
ROCE(5y)11.04%
ROICexgc growth 3Y9.64%
ROICexgc growth 5Y3.46%
ROICexc growth 3Y11.22%
ROICexc growth 5Y5.26%
OM growth 3Y1.54%
OM growth 5Y-0.14%
PM growth 3Y-0.65%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.63 | ||
| Debt/FCF | 4.18 | ||
| Debt/EBITDA | 3.44 | ||
| Cap/Depr | 79.16% | ||
| Cap/Sales | 13.65% | ||
| Interest Coverage | 3.9 | ||
| Cash Conversion | 99.49% | ||
| Profit Quality | 186.67% | ||
| Current Ratio | 3.41 | ||
| Quick Ratio | 3.41 | ||
| Altman-Z | 2.31 |
F-Score7
WACC7.65%
ROIC/WACC1.21
Cap/Depr(3y)94.4%
Cap/Depr(5y)133.53%
Cap/Sales(3y)17.74%
Cap/Sales(5y)27.04%
Profit Quality(3y)165.75%
Profit Quality(5y)139.56%
High Growth Momentum
Growth
EPS 1Y (TTM)26.51%
EPS 3Y13.26%
EPS 5YN/A
EPS Q2Q%30.43%
EPS Next Y16.87%
EPS Next 2Y13.69%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)7.43%
Revenue growth 3Y8.91%
Revenue growth 5Y5.7%
Sales Q2Q%3.31%
Revenue Next Year6.01%
Revenue Next 2Y5.57%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y10.91%
EBIT growth 3Y10.59%
EBIT growth 5Y5.55%
EBIT Next Year48.36%
EBIT Next 3Y14.24%
EBIT Next 5Y11.89%
FCF growth 1Y28.02%
FCF growth 3Y61.18%
FCF growth 5Y6.71%
OCF growth 1Y10.48%
OCF growth 3Y10.05%
OCF growth 5Y4.36%
ANTERO MIDSTREAM CORP / AM FAQ
What is the ChartMill fundamental rating of ANTERO MIDSTREAM CORP (AM) stock?
ChartMill assigns a fundamental rating of 6 / 10 to AM.
Can you provide the valuation status for ANTERO MIDSTREAM CORP?
ChartMill assigns a valuation rating of 4 / 10 to ANTERO MIDSTREAM CORP (AM). This can be considered as Fairly Valued.
How profitable is ANTERO MIDSTREAM CORP (AM) stock?
ANTERO MIDSTREAM CORP (AM) has a profitability rating of 7 / 10.
What are the PE and PB ratios of ANTERO MIDSTREAM CORP (AM) stock?
The Price/Earnings (PE) ratio for ANTERO MIDSTREAM CORP (AM) is 21.82 and the Price/Book (PB) ratio is 5.53.
Can you provide the financial health for AM stock?
The financial health rating of ANTERO MIDSTREAM CORP (AM) is 6 / 10.