Oil & Gas Midstream
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AM vs XOM
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Integrated
AM vs XOM — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Oil & Gas Midstream | Oil & Gas Integrated |
| Market Cap | $10.05B | $629.60B |
| Revenue (TTM) | $1.29B | $323.90B |
| Net Income (TTM) | $411M | $28.84B |
| Gross Margin | 64.5% | 21.7% |
| Operating Margin | 57.6% | 10.5% |
| Forward P/E | 19.1x | 15.0x |
| Total Debt | $3.22B | $43.54B |
| Cash & Equiv. | $180M | $10.68B |
AM vs XOM — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Antero Midstream Co… (AM) | 100 | 442.7 | +342.7% |
| Exxon Mobil Corpora… (XOM) | 100 | 326.7 | +226.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: AM vs XOM
Each card shows where this stock fits in a portfolio — not just who wins on paper.
AM carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 1 yrs, beta 0.19, yield 4.3%
- Rev growth 7.0%, EPS growth 3.6%, 3Y rev CAGR 8.3%
- Lower volatility, beta 0.19, current ratio 3.41x
XOM is the clearest fit if your priority is long-term compounding.
- 107.4% 10Y total return vs AM's -14.0%
- Lower P/E (15.0x vs 19.1x)
- Lower D/E ratio (16.3% vs 163.4%)
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 7.0% revenue growth vs XOM's -4.5% | |
| Value | Lower P/E (15.0x vs 19.1x) | |
| Quality / Margins | 31.9% margin vs XOM's 8.9% | |
| Stability / Safety | Lower D/E ratio (16.3% vs 163.4%) | |
| Dividends | 4.3% yield, 1-year raise streak, vs XOM's 2.7% | |
| Momentum (1Y) | +45.7% vs AM's +26.0% | |
| Efficiency (ROA) | 6.9% ROA vs XOM's 6.4%, ROIC 9.4% vs 8.6% |
AM vs XOM — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
AM vs XOM — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
AM leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
XOM is the larger business by revenue, generating $323.9B annually — 251.9x AM's $1.3B. AM is the more profitable business, keeping 31.9% of every revenue dollar as net income compared to XOM's 8.9%. On growth, AM holds the edge at +8.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $1.3B | $323.9B |
| EBITDAEarnings before interest/tax | $951M | $59.9B |
| Net IncomeAfter-tax profit | $411M | $28.8B |
| Free Cash FlowCash after capex | $916M | $23.6B |
| Gross MarginGross profit ÷ Revenue | +64.5% | +21.7% |
| Operating MarginEBIT ÷ Revenue | +57.6% | +10.5% |
| Net MarginNet income ÷ Revenue | +31.9% | +8.9% |
| FCF MarginFCF ÷ Revenue | +71.2% | +7.3% |
| Rev. Growth (YoY)Latest quarter vs prior year | +8.6% | -1.3% |
| EPS Growth (YoY)Latest quarter vs prior year | 0.0% | -11.0% |
Valuation Metrics
XOM leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
At 22.2x trailing earnings, XOM trades at a 10% valuation discount to AM's 24.6x P/E. On an enterprise value basis, XOM's 11.1x EV/EBITDA is more attractive than AM's 15.4x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $10.1B | $629.6B |
| Enterprise ValueMkt cap + debt − cash | $13.1B | $662.5B |
| Trailing P/EPrice ÷ TTM EPS | 24.60x | 22.17x |
| Forward P/EPrice ÷ next-FY EPS est. | 19.14x | 15.00x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 15.41x | 11.05x |
| Price / SalesMarket cap ÷ Revenue | 7.98x | 1.94x |
| Price / BookPrice ÷ Book value/share | 5.17x | 2.40x |
| Price / FCFMarket cap ÷ FCF | 13.05x | 26.66x |
Profitability & Efficiency
AM leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
AM delivers a 20.4% return on equity — every $100 of shareholder capital generates $20 in annual profit, vs $11 for XOM. XOM carries lower financial leverage with a 0.16x debt-to-equity ratio, signaling a more conservative balance sheet compared to AM's 1.63x. On the Piotroski fundamental quality scale (0–9), AM scores 8/9 vs XOM's 3/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +20.4% | +10.7% |
| ROA (TTM)Return on assets | +6.9% | +6.4% |
| ROICReturn on invested capital | +9.4% | +8.6% |
| ROCEReturn on capital employed | +11.2% | +8.9% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 3 |
| Debt / EquityFinancial leverage | 1.63x | 0.16x |
| Net DebtTotal debt minus cash | $3.0B | $32.9B |
| Cash & Equiv.Liquid assets | $180M | $10.7B |
| Total DebtShort + long-term debt | $3.2B | $43.5B |
| Interest CoverageEBIT ÷ Interest expense | 4.07x | 69.44x |
Total Returns (Dividends Reinvested)
Evenly matched — AM and XOM each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in AM five years ago would be worth $28,105 today (with dividends reinvested), compared to $27,178 for XOM. Over the past 12 months, XOM leads with a +45.7% total return vs AM's +26.0%. The 3-year compound annual growth rate (CAGR) favors AM at 32.1% vs XOM's 13.7% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +20.5% | +22.0% |
| 1-Year ReturnPast 12 months | +26.0% | +45.7% |
| 3-Year ReturnCumulative with dividends | +130.5% | +46.8% |
| 5-Year ReturnCumulative with dividends | +181.1% | +171.8% |
| 10-Year ReturnCumulative with dividends | -14.0% | +107.4% |
| CAGR (3Y)Annualised 3-year return | +32.1% | +13.7% |
Risk & Volatility
Evenly matched — AM and XOM each lead in 1 of 2 comparable metrics.
Risk & Volatility
XOM is the less volatile stock with a -0.15 beta — it tends to amplify market swings less than AM's 0.19 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. AM currently trades 88.8% from its 52-week high vs XOM's 84.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.19x | -0.15x |
| 52-Week HighHighest price in past year | $23.84 | $176.41 |
| 52-Week LowLowest price in past year | $16.77 | $101.19 |
| % of 52W HighCurrent price vs 52-week peak | +88.8% | +84.2% |
| RSI (14)Momentum oscillator 0–100 | 49.3 | 53.2 |
| Avg Volume (50D)Average daily shares traded | 2.6M | 18.8M |
Analyst Outlook
Evenly matched — AM and XOM each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates AM as "Hold" and XOM as "Hold". Consensus price targets imply 8.0% upside for XOM (target: $160) vs 1.6% for AM (target: $22). For income investors, AM offers the higher dividend yield at 4.30% vs XOM's 2.69%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $21.50 | $160.43 |
| # AnalystsCovering analysts | 17 | 55 |
| Dividend YieldAnnual dividend ÷ price | +4.3% | +2.7% |
| Dividend StreakConsecutive years of raises | 1 | 26 |
| Dividend / ShareAnnual DPS | $0.91 | $4.00 |
| Buyback YieldShare repurchases ÷ mkt cap | +1.3% | +3.2% |
AM leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). XOM leads in 1 (Valuation Metrics). 3 tied.
AM vs XOM: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is AM or XOM a better buy right now?
For growth investors, Antero Midstream Corporation (AM) is the stronger pick with 7.
0% revenue growth year-over-year, versus -4. 5% for Exxon Mobil Corporation (XOM). Exxon Mobil Corporation (XOM) offers the better valuation at 22. 2x trailing P/E (15. 0x forward), making it the more compelling value choice. Analysts rate Antero Midstream Corporation (AM) a "Hold" — based on 17 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — AM or XOM?
On trailing P/E, Exxon Mobil Corporation (XOM) is the cheapest at 22.
2x versus Antero Midstream Corporation at 24. 6x. On forward P/E, Exxon Mobil Corporation is actually cheaper at 15. 0x.
03Which is the better long-term investment — AM or XOM?
Over the past 5 years, Antero Midstream Corporation (AM) delivered a total return of +181.
1%, compared to +171. 8% for Exxon Mobil Corporation (XOM). Over 10 years, the gap is even starker: XOM returned +107. 4% versus AM's -14. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — AM or XOM?
By beta (market sensitivity over 5 years), Exxon Mobil Corporation (XOM) is the lower-risk stock at -0.
15β versus Antero Midstream Corporation's 0. 19β — meaning AM is approximately -227% more volatile than XOM relative to the S&P 500. On balance sheet safety, Exxon Mobil Corporation (XOM) carries a lower debt/equity ratio of 16% versus 163% for Antero Midstream Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — AM or XOM?
By revenue growth (latest reported year), Antero Midstream Corporation (AM) is pulling ahead at 7.
0% versus -4. 5% for Exxon Mobil Corporation (XOM). On earnings-per-share growth, the picture is similar: Antero Midstream Corporation grew EPS 3. 6% year-over-year, compared to -14. 5% for Exxon Mobil Corporation. Over a 3-year CAGR, AM leads at 8. 3% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — AM or XOM?
Antero Midstream Corporation (AM) is the more profitable company, earning 32.
8% net margin versus 8. 9% for Exxon Mobil Corporation — meaning it keeps 32. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: AM leads at 51. 2% versus 10. 5% for XOM. At the gross margin level — before operating expenses — AM leads at 65. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is AM or XOM more undervalued right now?
On forward earnings alone, Exxon Mobil Corporation (XOM) trades at 15.
0x forward P/E versus 19. 1x for Antero Midstream Corporation — 4. 1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for XOM: 8. 0% to $160. 43.
08Which pays a better dividend — AM or XOM?
All stocks in this comparison pay dividends.
Antero Midstream Corporation (AM) offers the highest yield at 4. 3%, versus 2. 7% for Exxon Mobil Corporation (XOM).
09Is AM or XOM better for a retirement portfolio?
For long-horizon retirement investors, Exxon Mobil Corporation (XOM) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0.
15), 2. 7% yield, +107. 4% 10Y return). Both have compounded well over 10 years (XOM: +107. 4%, AM: -14. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between AM and XOM?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: AM is a mid-cap income-oriented stock; XOM is a large-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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