Antero Resources vs EQT
EQT is the larger business, with $8.64bn of revenue in fiscal 2025 against $5.28bn for Antero Resources (1.6 times as much). EQT grew faster (63.9% against 22.0%). EQT kept more of each dollar of sales as profit: a net margin of 23.6% against 12.0%.
| Latest fiscal year | Antero ResourcesAR, 2025 | EQTEQT, 2025 |
|---|---|---|
| Revenue | $5.28bn | $8.64bn |
| Revenue growth | 22.0% | 63.9% |
| Net income | $634m | $2.04bn |
| Operating margin | — | 37.6% |
| Net margin | 12.0% | 23.6% |
| Return on equity | 8.7% | 9.2% |
| Free cash flow | $1.38bn | $2.84bn |
| Cash | $210m | $111m |
| Total debt | $1.40bn | $7.80bn |
| Debt to equity | — | 32.8% |
| Dividend per share | — | $0.64 |
| Dividend yield | — | 1.2% |
| Share buybacks | $136m | $0 |
| Employees | 632 | 693 |
| Market value | $12.36bn | $34.37bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 41 (Weak) | 50 (Moderate) |
| Insider trades, 12 months | 2 buys, 8 sales | 0 buys, 12 sales |