Comprehensive Stock Comparison
Compare BKV Corporation (BKV) vs Antero Resources Corporation (AR) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | BKV | 48.2% revenue growth vs AR's 28.1% |
| Value | AR | Lower P/E (11.3x vs 14.4x) |
| Quality / Margins | BKV | 19.7% net margin vs AR's 11.1% |
| Stability / Safety | AR | Beta 1.02 vs BKV's 1.16 |
| Dividends | AR | 1.1% yield; 2-year raise streak; BKV pays no meaningful dividend |
| Momentum (1Y) | BKV | +55.2% vs AR's +0.3% |
| Efficiency (ROA) | BKV | 5.5% ROA vs AR's 4.2%, ROIC 5.9% vs 5.9% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
BKV Corporation is a natural gas producer and midstream operator focused on acquiring, developing, and operating natural gas and natural gas liquids properties. It generates revenue primarily through natural gas production sales—with additional income from gathering, processing, and transportation services for third parties. The company benefits from its strategic position in key shale basins and its integrated midstream infrastructure, which provides operational control and cost advantages.
Antero Resources is an independent natural gas and natural gas liquids producer focused on the Appalachian Basin. It generates revenue primarily from natural gas sales (~60% of revenue), natural gas liquids sales (~35%), and oil sales (~5%), with its production heavily weighted toward liquids-rich gas. The company's competitive advantage lies in its massive, contiguous acreage position in the Marcellus and Utica shale plays — which provides operational efficiency and significant low-cost reserves.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
AR leads in 2 of 6 categories (Valuation Metrics, Analyst Outlook). BKV leads in 2 (Profitability & Efficiency, Total Returns). 2 tied.
Financial Metrics (TTM)
AR is the larger business by revenue, generating $4.9B annually — 5.6x BKV's $874M. BKV is the more profitable business, keeping 19.7% of every revenue dollar as net income compared to AR's 11.1%. On growth, BKV holds the edge at +38.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | BKVBKV Corporation | ARAntero Resources … |
|---|---|---|
| RevenueTrailing 12 months | $874M | $4.9B |
| EBITDAEarnings before interest/tax | $230M | $1.4B |
| Net IncomeAfter-tax profit | $173M | $548M |
| Free Cash FlowCash after capex | -$72M | $1.3B |
| Gross MarginGross profit ÷ Revenue | +54.2% | +19.4% |
| Operating MarginEBIT ÷ Revenue | +8.2% | +11.9% |
| Net MarginNet income ÷ Revenue | +19.7% | +11.1% |
| FCF MarginFCF ÷ Revenue | -8.3% | +26.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +38.3% | +19.4% |
| EPS Growth (YoY)Latest quarter vs prior year | +192.6% | +4.7% |
Valuation Metrics
At 16.1x trailing earnings, BKV trades at a 11% valuation discount to AR's 18.1x P/E. On an enterprise value basis, AR's 9.1x EV/EBITDA is more attractive than BKV's 9.8x.
| Metric | BKVBKV Corporation | ARAntero Resources … |
|---|---|---|
| Market CapShares × price | $2.8B | $11.4B |
| Enterprise ValueMkt cap + debt − cash | $3.1B | $14.9B |
| Trailing P/EPrice ÷ TTM EPS | 16.07x | 18.13x |
| Forward P/EPrice ÷ next-FY EPS est. | 14.35x | 11.26x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 9.76x | 9.11x |
| Price / SalesMarket cap ÷ Revenue | 3.15x | 2.15x |
| Price / BookPrice ÷ Book value/share | 1.41x | 1.49x |
| Price / FCFMarket cap ÷ FCF | — | 6.96x |
Profitability & Efficiency
BKV delivers a 8.4% return on equity — every $100 of shareholder capital generates $8 in annual profit, vs $7 for AR. BKV carries lower financial leverage with a 0.24x debt-to-equity ratio, signaling a more conservative balance sheet compared to AR's 0.46x. On the Piotroski fundamental quality scale (0–9), AR scores 9/9 vs BKV's 6/9, reflecting strong financial health.
| Metric | BKVBKV Corporation | ARAntero Resources … |
|---|---|---|
| ROE (TTM)Return on equity | +8.4% | +7.3% |
| ROA (TTM)Return on assets | +5.5% | +4.2% |
| ROICReturn on invested capital | +5.9% | +5.9% |
| ROCEReturn on capital employed | +6.4% | +7.6% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 9 |
| Debt / EquityFinancial leverage | 0.24x | 0.46x |
| Net DebtTotal debt minus cash | $287M | $3.5B |
| Cash & Equiv.Liquid assets | $199M | — |
| Total DebtShort + long-term debt | $487M | $3.5B |
| Interest CoverageEBIT ÷ Interest expense | 3.82x | 7.97x |
Total Returns (with DRIP)
A $10,000 investment in AR five years ago would be worth $37,561 today (with dividends reinvested), compared to $17,406 for BKV. Over the past 12 months, BKV leads with a +55.2% total return vs AR's +0.3%. The 3-year compound annual growth rate (CAGR) favors BKV at 20.3% vs AR's 12.0% — a key indicator of consistent wealth creation.
| Metric | BKVBKV Corporation | ARAntero Resources … |
|---|---|---|
| YTD ReturnYear-to-date | +14.2% | +7.6% |
| 1-Year ReturnPast 12 months | +55.2% | +0.3% |
| 3-Year ReturnCumulative with dividends | +74.1% | +40.5% |
| 5-Year ReturnCumulative with dividends | +74.1% | +275.6% |
| 10-Year ReturnCumulative with dividends | +74.1% | +63.5% |
| CAGR (3Y)Annualised 3-year return | +20.3% | +12.0% |
Risk & Volatility
AR is the less volatile stock with a 1.02 beta — it tends to amplify market swings less than BKV's 1.16 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. BKV currently trades 98.7% from its 52-week high vs AR's 83.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | BKVBKV Corporation | ARAntero Resources … |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.16x | 1.02x |
| 52-Week HighHighest price in past year | $31.74 | $44.02 |
| 52-Week LowLowest price in past year | $15.00 | $29.10 |
| % of 52W HighCurrent price vs 52-week peak | +98.7% | +83.6% |
| RSI (14)Momentum oscillator 0–100 | 53.2 | 50.5 |
| Avg Volume (50D)Average daily shares traded | 550K | 5.0M |
Analyst Outlook
Wall Street rates BKV as "Buy" and AR as "Buy". Consensus price targets imply 20.2% upside for AR (target: $44) vs 8.5% for BKV (target: $34). AR is the only dividend payer here at 1.09% yield — a key consideration for income-focused portfolios.
| Metric | BKVBKV Corporation | ARAntero Resources … |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $34.00 | $44.25 |
| # AnalystsCovering analysts | 6 | 50 |
| Dividend YieldAnnual dividend ÷ price | — | +1.1% |
| Dividend StreakConsecutive years of raises | 1 | 2 |
| Dividend / ShareAnnual DPS | — | $0.40 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +1.2% |
Historical Charts
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Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Sep 24 | Feb 26 | Change |
|---|---|---|---|
| BKV Corporation (BKV) | 100 | 156.22 | +56.2% |
| Antero Resources Co… (AR) | 100 | 117.24 | +17.2% |
Antero Resources Co… (AR) returned +276% over 5 years vs BKV Corporation (BKV)'s +74%. A $10,000 investment in AR 5 years ago would be worth $37,561 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| BKV Corporation (BKV) | $123M | $896M | +630.9% |
| Antero Resources Co… (AR) | $1.8B | $5.3B | +200.6% |
Antero Resources Corporation's revenue grew from $1.8B (2016) to $5.3B (2025) — a 13.0% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| BKV Corporation (BKV) | -35.4% | 19.3% | +154.6% |
| Antero Resources Co… (AR) | -48.4% | 12.0% | +124.9% |
Antero Resources Corporation's net margin went from -48% (2016) to 12% (2025).
Chart 4P/E Ratio History — 5 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| Antero Resources Co… (AR) | 9.8 | 17 | +73.5% |
Antero Resources Corporation has traded in a 5x–195x P/E range over 5 years; current trailing P/E is ~18x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| BKV Corporation (BKV) | -0.52 | 1.95 | +475.0% |
| Antero Resources Co… (AR) | -2.88 | 2.03 | +170.5% |
Antero Resources Corporation's EPS grew from $-2.88 (2016) to $2.03 (2025).
Chart 6Free Cash Flow — 5 Years
BKV Corporation generated $-57M FCF in 2025 (-120% vs 2021). Antero Resources Corporation generated $2B FCF in 2025 (+6% vs 2021).
BKV vs AR: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is BKV or AR a better buy right now?
BKV Corporation (BKV) offers the better valuation at 16.1x trailing P/E (14.4x forward), making it the more compelling value choice. Analysts rate BKV Corporation (BKV) a "Buy" — based on 6 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 — BKV or AR?
On trailing P/E, BKV Corporation (BKV) is the cheapest at 16.1x versus Antero Resources Corporation at 18.1x. On forward P/E, Antero Resources Corporation is actually cheaper at 11.3x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — BKV or AR?
Over the past 5 years, Antero Resources Corporation (AR) delivered a total return of +275.6%, compared to +74.1% for BKV Corporation (BKV). A $10,000 investment in AR five years ago would be worth approximately $38K today (assuming dividends reinvested). Over 10 years, the gap is even starker: BKV returned +74.1% versus AR's +63.5%. 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 — BKV or AR?
By beta (market sensitivity over 5 years), Antero Resources Corporation (AR) is the lower-risk stock at 1.02β versus BKV Corporation's 1.16β — meaning BKV is approximately 14% more volatile than AR relative to the S&P 500. On balance sheet safety, BKV Corporation (BKV) carries a lower debt/equity ratio of 24% versus 46% for Antero Resources Corporation — giving it more financial flexibility in a downturn.
05Which has better profit margins — BKV or AR?
BKV Corporation (BKV) is the more profitable company, earning 19.3% net margin versus 12.0% for Antero Resources Corporation — meaning it keeps 19.3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BKV leads at 17.8% versus 16.7% for AR. At the gross margin level — before operating expenses — AR leads at 94.3%, 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.
06Is BKV or AR more undervalued right now?
On forward earnings alone, Antero Resources Corporation (AR) trades at 11.3x forward P/E versus 14.4x for BKV Corporation — 3.1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for AR: 20.2% to $44.25.
07Which pays a better dividend — BKV or AR?
In this comparison, AR (1.1% yield) pays a dividend. BKV does not pay a meaningful dividend and should not be held primarily for income.
08Is BKV or AR better for a retirement portfolio?
For long-horizon retirement investors, Antero Resources Corporation (AR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1.02), 1.1% yield). Both have compounded well over 10 years (AR: +63.5%, BKV: +74.1%), 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.
09What are the main differences between BKV and AR?
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: BKV is a small-cap deep-value stock; AR is a mid-cap quality compounder stock. AR pays a dividend while BKV does not, making them suitable for different income and tax situations. 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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