Antero Midstream vs DT Midstream
Antero Midstream and DT Midstream are similar in size: $1.19bn and $1.24bn of revenue in their latest fiscal years. DT Midstream grew faster (26.7% against 7.4%). DT Midstream kept more of each dollar of sales as profit: a net margin of 35.5% against 34.7%.
| Latest fiscal year | Antero MidstreamAM, 2025 | DT MidstreamDTM, 2025 |
|---|---|---|
| Revenue | $1.19bn | $1.24bn |
| Revenue growth | 7.4% | 26.7% |
| Net income | $413m | $441m |
| Operating margin | — | 49.4% |
| Net margin | 34.7% | 35.5% |
| Return on equity | 20.2% | 9.4% |
| Free cash flow | $932m | $441m |
| Cash | $180m | $54.0m |
| Total debt | $3.25bn | $3.35bn |
| Debt to equity | — | 70.7% |
| Dividend per share | — | $3.28 |
| Dividend yield | 4.4% | 2.8% |
| Share buybacks | $135m | — |
| Employees | — | 588 |
| Market value | $9.96bn | $12.55bn |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | 67 (Moderate) | 71 (Strong) |
| Insider trades, 12 months | 0 buys, 8 sales | 4 buys, 1 sales |