SuperworthAntero Midstream profit margin AM
Gross, operating and net profit as a share of revenue over the last twelve months, from 2016.
- Net margin, 12 months
- 30.4%
- Operating margin, 12 months
- 49.6%
- Net margin on a year earlier
- −6.8 pts
- Peer median
- 22.1%
Over the twelve months to Jun 30, 2026, Antero Midstream kept 30.4% of its revenue as net profit, with an operating margin of 49.6% and a gross margin of 79.6%.
Five years earlier its net margin was 35.8%.
The median for 10 oil and gas pipeline stocks of a similar size is 22.1%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 32.8% | 51.2% | 81.6% |
| FY2024 | 34.1% | 56.0% | 81.5% |
| FY2023 | 33.4% | 55.0% | 80.8% |
| FY2022 | 32.9% | 54.5% | 81.8% |
| FY2021 | 34.2% | 57.3% | 83.8% |
| FY2020 | −12.6% | −12.1% | 83.0% |
| FY2019 | −41.8% | −46.9% | 76.9% |
| FY2018 | 46.6% | −30.7% | n/a |
| FY2017 | n/a | n/a | n/a |
| FY2016 | 57.3% | n/a | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 30.4% | −6.8 pts | 49.6% | |
| Q1 FY26 | 31.9% | −3.2 pts | 51.0% | |
| Q4 FY25 | 32.8% | −1.3 pts | 51.2% | |
| Q3 FY25 | 37.8% | +3.9 pts | 57.8% | |
| Q2 FY25 | 37.3% | +3.3 pts | 57.5% | |
| Q1 FY25 | 35.1% | +0.8 pts | 56.4% | |
| Q4 FY24 | 34.1% | +0.6 pts | 56.0% | |
| Q3 FY24 | 33.9% | +1.6 pts | 55.4% | |
| Q2 FY24 | 34.0% | +1.9 pts | 55.7% | |
| Q1 FY24 | 34.4% | +2.1 pts | 55.6% | |
| Q4 FY23 | 33.4% | +0.5 pts | 55.0% | |
| Q3 FY23 | 32.4% | −1.0 pts | 54.9% |
Against its peers
Companies in Oil & Gas Midstream nearest Antero Midstream's size, closest first, today.
| Company | Profit margin |
|---|---|
| AMAntero Midstream | 30.4% |
| KNTKKinetik | 10.4% |
| DTMDT Midstream | 35.7% |
| SWXSouthwest Gas | 29.8% |
| WESWestern Midstream Partners | 29.6% |
| AROCArchrock | 21.8% |
| KGSKodiak Gas Services | 5.8% |
| CPKChesapeake Utilities | 15.1% |
| CQPCheniere Energy Partners | 27.3% |
| VGVenture Global | 22.3% |
| CTRICenturi | 0.9% |
| Peer median | 22.1% |
Where Antero Midstream ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Antero Midstream
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.