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ANTERO RESOURCES Corp AR

NYSE · stock · Crude Petroleum & Natural Gas · website · IPO 2013-10-10 · LEI

ANTERO RESOURCES Corp statistics & valuation

Market cap$10.9B
P / S2.1×
P / B1.4×
Net debt$1.4B
Net debt / EBITDA0.9×
Enterprise value USD$12.3B
EV / EBITDA7.5×
Earnings yield EBIT/EV7.2%
Return on capital7.5%
Graham number -10.4%$33.59

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($33.59); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
-45.20% 20.20% 1.70% -22.40% -27.30% 0.40% 29.10% 8.50% 0.00% 16.70% 2016201720182019202020212022202320242025
Return on equity (%)
2016201720182019202020212022202320242025
Shares outstanding
314.9M 316.4M 316.0M 306.4M 272.4M 313.9M 329.2M 311.6M 313.4M 312.4M 2016201720182019202020212022202320242025
Net debt ($)
$4.67B $4.77B $5.46B $3.76B $3.00B $2.13B $1.18B $1.54B $1.49B $1.40B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
2016201720182019202020212022202320242025
Free cash flow margin (%)
-5.80% -3.10% -7.20% -4.00% 14.50% 24.20% 2016201720182019202020212022202320242025
Debt / equity (×)
0.61× 0.54× 0.64× 0.54× 0.49× 0.35× 0.17× 0.22× 0.21× 0.18× 2016201720182019202020212022202320242025
EPS ($)
-$2.88 $1.94 -$1.26 -$1.11 -$4.65 -$0.61 $5.69 $0.64 $0.18 $2.03 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

ANTERO RESOURCES Corp trades at about 18.5× earnings — above its 10-year norm (10-year range 5.1×–207.3×, median 13.5×).

5.1× 207.3×

Shaded band = 10-year range (5.1×–207.3×); dot = today's 18.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin16.7%0.0%8.5%29.1%0.4%-27.3%-22.4%1.7%20.2%-45.2%
FCF margin———24.2%14.5%-4.0%-7.2%-3.1%-5.8%—
Debt / equity0.18×0.21×0.22×0.17×0.35×0.49×0.54×0.64×0.54×0.61×
Current ratio0.550.350.330.440.330.580.890.951.090.49

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.