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Antero Midstream (AM) Ratios
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Antero Midstream Ratios
AM's free cash flow for Q3 2026 was $555.58M. For the 2026 fiscal year, AM's free cash flow was decreased by $-44.72M and operating cash flow was $600.30M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 3.41 | 1.17 | 0.95 | 0.87 | 0.74 |
| Quick Ratio | 3.41 | 1.17 | 0.95 | 0.87 | 0.74 |
| Cash Ratio | 1.62 | 0.00 | 0.00 | 0.00 | 0.00 |
| Solvency Ratio | 0.16 | 0.16 | 0.16 | 0.15 | 0.16 |
| Operating Cash Flow Ratio | 8.36 | 8.39 | 8.08 | 6.85 | 6.23 |
| Short-Term Operating Cash Flow Coverage | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Current Asset Value | $ -3.53B | $ -3.65B | $ -3.49B | $ -3.51B | $ -3.17B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.55 | 0.53 | 0.56 | 0.58 | 0.56 |
| Debt-to-Equity Ratio | 1.63 | 1.47 | 1.49 | 1.53 | 1.37 |
| Debt-to-Capital Ratio | 0.62 | 0.60 | 0.60 | 0.61 | 0.58 |
| Long-Term Debt-to-Capital Ratio | 0.62 | 0.60 | 0.60 | 0.61 | 0.58 |
| Financial Leverage Ratio | 2.98 | 2.78 | 2.67 | 2.64 | 2.42 |
| Debt Service Coverage Ratio | 4.13 | 3.95 | 3.66 | 3.78 | 3.92 |
| Interest Coverage Ratio | 3.39 | 3.18 | 2.82 | 2.84 | 3.17 |
| Debt to Market Cap | 0.38 | 0.43 | 0.53 | 0.65 | 0.68 |
| Interest Debt Per Share | 7.14 | 6.91 | 7.11 | 7.43 | 6.91 |
| Net Debt to EBITDA | 3.25 | 3.23 | 3.48 | 4.02 | 3.89 |
| Profitability Margins | |||||
| Gross Profit Margin | 65.30% | 63.58% | 62.25% | 61.37% | 65.26% |
| EBIT Margin | 58.16% | 64.21% | 64.48% | 63.97% | 64.41% |
| EBITDA Margin | 74.44% | 82.11% | 83.06% | 84.40% | 82.93% |
| Operating Profit Margin | 51.20% | 56.01% | 55.00% | 54.46% | 57.32% |
| Pretax Profit Margin | 44.81% | 46.62% | 44.95% | 44.79% | 46.32% |
| Net Profit Margin | 32.81% | 34.06% | 33.42% | 32.93% | 34.23% |
| Continuous Operations Profit Margin | 32.81% | 34.06% | 33.42% | 32.93% | 34.23% |
| Net Income Per EBT | 73.23% | 73.07% | 74.35% | 73.52% | 73.90% |
| EBT Per EBIT | 87.52% | 83.23% | 81.73% | 82.25% | 80.81% |
| Return on Assets (ROA) | 7.02% | 6.81% | 6.48% | 5.63% | 5.98% |
| Return on Equity (ROE) | 20.95% | 18.95% | 17.28% | 14.88% | 14.50% |
| Return on Capital Employed (ROCE) | 11.17% | 11.40% | 10.85% | 9.48% | 10.23% |
| Return on Invested Capital (ROIC) | 8.18% | 8.33% | 8.06% | 6.97% | 7.56% |
| Return on Tangible Assets | 8.59% | 8.46% | 8.22% | 7.24% | 7.92% |
| Earnings Yield | 4.86% | 5.53% | 6.15% | 6.32% | 7.17% |
| Efficiency Ratios | |||||
| Receivables Turnover | 11.48 | 10.22 | 12.42 | 11.30 | 11.69 |
| Payables Turnover | 27.77 | 26.10 | 39.99 | 16.74 | 14.27 |
| Inventory Turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Fixed Asset Turnover | 0.36 | 0.30 | 0.29 | 0.26 | 0.29 |
| Asset Turnover | 0.21 | 0.20 | 0.19 | 0.17 | 0.17 |
| Working Capital Turnover Ratio | 8.81 | 193.52 | -121.10 | -45.77 | -64.00 |
| Cash Conversion Cycle | 18.64 | 21.74 | 20.26 | 10.49 | 5.64 |
| Days of Sales Outstanding | 31.79 | 35.72 | 29.39 | 32.30 | 31.22 |
| Days of Inventory Outstanding | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Days of Payables Outstanding | 13.14 | 13.98 | 9.13 | 21.81 | 25.58 |
| Operating Cycle | 31.79 | 35.72 | 29.39 | 32.30 | 31.22 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 1.95 | 1.76 | 1.62 | 1.46 | 1.49 |
| Free Cash Flow Per Share | 1.61 | 1.25 | 1.23 | 0.38 | 1.00 |
| Dividend Paid and CapEx Coverage Ratio | 1.55 | 1.24 | 1.26 | 0.74 | 1.01 |
| Capital Expenditure Coverage Ratio | 5.75 | 3.48 | 4.23 | 1.36 | 3.05 |
| Operating Cash Flow Coverage Ratio | 0.29 | 0.27 | 0.24 | 0.21 | 0.23 |
| Operating Cash Flow to Sales Ratio | 0.74 | 0.72 | 0.70 | 0.71 | 0.73 |
| Free Cash Flow Yield | 9.06% | 8.29% | 9.85% | 3.56% | 10.32% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 20.69 | 18.18 | 16.26 | 15.82 | 13.94 |
| Price-to-Sales (P/S) Ratio | 6.75 | 6.17 | 5.43 | 5.21 | 4.77 |
| Price-to-Book (P/B) Ratio | 4.31 | 3.43 | 2.81 | 2.35 | 2.02 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 11.04 | 12.06 | 10.16 | 28.05 | 9.69 |
| Price-to-Operating Cash Flow Ratio | 9.12 | 8.60 | 7.76 | 7.38 | 6.51 |
| Price-to-Earnings Growth (PEG) Ratio | 5.72 | 2.33 | 1.23 | -10.91 | -0.04 |
| Enterprise Value Multiple | 12.32 | 10.73 | 10.02 | 10.19 | 9.64 |
| Enterprise Value | 11.54B | 10.37B | 9.26B | 8.52B | 7.75B |
| EV to EBITDA | 12.32 | 10.73 | 10.02 | 10.19 | 9.64 |
| EV to Sales | 9.17 | 8.81 | 8.32 | 8.60 | 7.99 |
| EV to Free Cash Flow | 14.99 | 17.24 | 15.56 | 46.32 | 16.24 |
| EV to Operating Cash Flow | 12.38 | 12.29 | 11.88 | 12.18 | 10.91 |
| Tangible Book Value Per Share | 1.88 | 2.02 | 1.94 | 1.89 | 1.95 |
| Shareholders’ Equity Per Share | 4.13 | 4.40 | 4.46 | 4.58 | 4.79 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.27 | 0.27 | 0.26 | 0.26 | 0.26 |
| Revenue Per Share | 2.63 | 2.45 | 2.31 | 2.07 | 2.03 |
| Net Income Per Share | 0.86 | 0.83 | 0.77 | 0.68 | 0.69 |
| Tax Burden | 0.73 | 0.73 | 0.74 | 0.74 | 0.74 |
| Interest Burden | 0.77 | 0.73 | 0.70 | 0.70 | 0.72 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.07 | 0.07 | 0.06 | 0.06 | 0.07 |
| Stock-Based Compensation to Revenue | 0.04 | 0.04 | 0.03 | 0.02 | 0.01 |
| Income Quality | 2.26 | 2.11 | 2.10 | 2.14 | 2.14 |
Currency in USD
