Last 43 quarters of trend data · Energy · Pipelines & Midstream
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 13.39 | 6.15 | 23.70 | 22.80 | 40.43 | 20.25 | 18.22 | 18.00 | 16.40 | 17.92 | 20.47 | 16.74 | 14.92 | 14.97 | 16.11 | 14.57 | 15.87 | 13.50 | 13.31 | 15.99 | 15.13 |
| — | -69.6% | +30.1% | +26.7% | +146.5% | +13.0% | -11.0% | +7.5% | +10.0% | +19.6% | +27.1% | +14.9% | -6.0% | +10.9% | +21.1% | -8.9% | +4.9% | -1.5% | -12.9% | +20.4% | +25.6% | |
| P/S Ratio | 6.79 | 7.35 | 7.75 | 8.12 | 6.81 | 7.49 | 7.07 | 7.06 | 6.01 | 6.35 | 6.21 | 5.74 | 5.45 | 5.14 | 5.06 | 4.56 | 5.01 | 4.43 | 4.41 | 5.53 | 4.96 |
| — | -1.9% | +9.6% | +15.1% | +13.4% | +17.9% | +13.8% | +23.0% | +10.2% | +23.7% | +22.8% | +25.9% | +9.0% | +15.9% | +14.8% | -17.5% | +1.0% | -14.0% | -11.4% | +23.5% | +19.0% | |
| P/B Ratio | 4.64 | 4.34 | 5.58 | 5.63 | 4.35 | 4.54 | 4.38 | 4.17 | 3.47 | 3.43 | 3.36 | 3.17 | 2.82 | 2.69 | 2.59 | 2.32 | 2.37 | 1.99 | 1.95 | 2.31 | 2.03 |
| — | -4.2% | +27.4% | +34.8% | +25.4% | +32.2% | +30.4% | +31.8% | +23.1% | +27.6% | +29.5% | +36.4% | +19.0% | +34.9% | +33.1% | +0.5% | +16.6% | -7.8% | -8.9% | +25.8% | +33.0% | |
| P/FCF | 7.18 | 4.33 | 9.29 | 13.57 | 10.38 | 8.36 | 10.00 | 12.94 | 5.01 | 14.05 | 10.36 | 9.70 | 9.82 | 8.44 | 8.97 | 9.05 | — | 9.34 | 10.01 | 11.45 | 11.80 |
| — | -48.2% | -7.2% | +4.9% | +107.1% | -40.5% | -3.4% | +33.4% | -49.0% | +66.5% | +15.5% | +7.2% | — | -9.7% | -10.3% | -21.0% | — | -13.3% | +27.0% | +59.5% | +138.5% | |
| EV / EBITDA | 8.99 | 5.19 | 14.93 | 15.10 | 12.18 | 13.30 | 12.81 | 12.99 | 11.45 | 12.32 | 12.33 | 11.26 | 11.11 | 10.73 | 11.20 | 10.41 | 10.94 | 9.96 | 10.32 | 11.92 | 11.16 |
| — | -61.0% | +16.6% | +16.3% | +6.3% | +7.9% | +3.9% | +15.3% | +3.0% | +14.8% | +10.1% | +8.2% | +1.6% | +7.8% | +8.5% | -12.7% | -1.9% | -8.0% | +0.1% | +14.3% | +5.0% | |
| EV / EBIT | 18.69 | 5.49 | 17.21 | 17.40 | 23.42 | 14.81 | 14.05 | 14.41 | 12.72 | 13.81 | 15.50 | 12.85 | 14.88 | 11.92 | 12.96 | 12.13 | 12.73 | 11.64 | 12.41 | 13.70 | 12.81 |
| — | -62.9% | +22.4% | +20.7% | +84.2% | +7.3% | -9.3% | +12.1% | -14.5% | +15.9% | +19.6% | +6.0% | +16.9% | +2.4% | +4.5% | -11.5% | -0.6% | -4.5% | -6.4% | +13.8% | +4.4% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 65.3% | 62.9% | 58.7% | 62.3% | 66.5% | 64.8% | 64.7% | 65.3% | 65.1% | 64.6% | 61.2% | 63.4% | 62.8% | 64.4% | 61.8% | 60.0% | 61.6% | 60.4% | 60.8% | 62.7% | 64.0% |
| — | -2.9% | -9.3% | -4.6% | +2.1% | +0.4% | +5.8% | +3.0% | +3.7% | +0.3% | -1.0% | +5.5% | +1.9% | +6.6% | +1.6% | -4.3% | -3.8% | -7.2% | -8.6% | -4.0% | +1.0% | |
| Operating Margin | 51.2% | 170.4% | 52.0% | 55.4% | 59.5% | 57.8% | 57.7% | 57.4% | 58.2% | 56.5% | 53.1% | 56.0% | 56.1% | 57.7% | 52.7% | 53.5% | 55.6% | 55.4% | 52.1% | 54.7% | 54.9% |
| — | +195.0% | -9.9% | -3.4% | +2.1% | +2.2% | +8.6% | +2.4% | +3.7% | -2.0% | +0.8% | +4.7% | +1.0% | +4.1% | +1.3% | -2.1% | +1.3% | -5.3% | -13.9% | -1.0% | +5.7% | |
| Net Margin | 32.8% | 120.1% | 32.4% | 35.3% | 16.5% | 37.1% | 38.5% | 39.1% | 36.4% | 34.7% | 29.9% | 35.0% | 36.2% | 34.7% | 31.5% | 31.2% | 31.9% | 33.7% | 32.1% | 33.8% | 33.5% |
| — | +223.5% | -15.8% | -9.8% | -54.7% | +7.0% | +28.7% | +11.6% | +0.8% | -0.2% | -5.1% | +12.2% | +13.2% | +3.0% | -1.9% | -7.7% | -4.7% | -8.3% | +0.5% | -1.8% | -2.7% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 20.2% | 18.9% | 5.8% | 6.1% | 2.6% | 5.6% | 6.0% | 5.7% | 5.2% | 4.7% | 4.0% | 4.8% | 4.7% | 4.5% | 4.0% | 4.0% | 3.8% | 3.8% | 3.5% | 3.5% | 3.4% |
| — | +237.9% | -1.9% | +5.4% | -50.9% | +19.2% | +48.2% | +18.9% | +12.2% | +3.1% | +0.1% | +22.0% | +24.2% | +20.4% | +13.9% | +12.7% | +10.2% | -1.7% | +3.3% | +0.7% | +9.7% | |
| ROA | 7.0% | 6.2% | 1.8% | 1.9% | 0.9% | 2.0% | 2.2% | 2.1% | 1.9% | 1.7% | 1.5% | 1.8% | 1.7% | 1.7% | 1.5% | 1.5% | 1.5% | 1.5% | 1.4% | 1.4% | 1.4% |
| — | +204.9% | -18.0% | -7.3% | -53.1% | +17.4% | +45.3% | +14.7% | +9.1% | +1.6% | -1.1% | +20.9% | +19.8% | +13.0% | +6.4% | +4.2% | +2.9% | -6.6% | -1.7% | -3.8% | +4.8% | |
| ROIC | 9.4% | 7.6% | 2.4% | 2.6% | 2.8% | 2.7% | 2.7% | 2.5% | 2.5% | 2.3% | 2.2% | 2.3% | 2.2% | 2.2% | 2.0% | 2.0% | 2.0% | 1.9% | 1.8% | 1.8% | 1.8% |
| — | +186.5% | -10.1% | +2.7% | +10.0% | +15.8% | +25.6% | +9.0% | +16.5% | +2.5% | +8.5% | +16.2% | +9.6% | +16.4% | +11.4% | +12.2% | +11.2% | -2.1% | -14.5% | -1.8% | +14.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.63 | 1.45 | 1.86 | 1.92 | 1.63 | 1.46 | 1.45 | 1.49 | 1.47 | 1.49 | 1.50 | 1.48 | 1.49 | 1.51 | 1.54 | 1.53 | 1.53 | 1.42 | 1.42 | 1.39 | 1.37 |
| — | -0.7% | +28.1% | +28.7% | +10.9% | -2.2% | -3.3% | +0.9% | -1.3% | -1.7% | -2.5% | -3.6% | -2.6% | +6.6% | +8.5% | +10.5% | +12.3% | +6.2% | +6.8% | +5.3% | +6.8% | |
| Debt / EBITDA | 3.79 | 5.18 | 14.90 | 15.35 | 13.51 | 12.93 | 12.73 | 13.67 | 13.66 | 14.92 | 15.21 | 14.37 | 15.40 | 15.46 | 16.66 | 16.56 | 17.20 | 16.57 | 17.38 | 17.89 | 17.95 |
| — | -59.9% | +17.0% | +12.3% | -1.1% | -13.3% | -16.3% | -4.9% | -11.3% | -3.5% | -8.7% | -13.2% | -10.5% | -6.7% | -4.1% | -7.5% | -4.1% | +0.1% | +10.1% | +2.7% | -7.4% | |
| Current Ratio | 3.41 | 0.84 | 0.84 | 0.99 | 3.41 | 1.26 | 1.03 | 1.42 | 1.17 | 1.09 | 0.89 | 1.25 | 0.95 | 0.86 | 0.97 | 1.02 | 0.87 | 0.76 | 0.62 | 0.58 | 0.74 |
| — | -32.9% | -18.2% | -30.4% | +190.4% | +15.4% | +15.3% | +13.6% | +24.2% | +26.4% | -8.1% | +21.8% | +8.4% | +13.7% | +56.1% | +77.2% | +18.6% | +3.0% | -20.6% | -49.5% | -26.4% | |
| Quick Ratio | 3.41 | 0.84 | 0.84 | 0.99 | 3.41 | 1.26 | 1.03 | 1.42 | 1.17 | 1.09 | 0.89 | 1.25 | 0.95 | 0.86 | 0.97 | 1.02 | 0.87 | 0.76 | 0.62 | 0.58 | 0.74 |
| — | -32.9% | -18.2% | -30.4% | +190.4% | +15.4% | +15.3% | +13.6% | +24.2% | +26.4% | -8.1% | +21.8% | +8.4% | +13.7% | +56.1% | +77.2% | +17.7% | +3.0% | -20.6% | -49.5% | -25.9% | |
| Interest Coverage | 3.85 | 11.50 | 3.77 | 3.89 | 2.65 | 4.43 | 4.51 | 4.24 | 4.13 | 3.66 | 3.19 | 3.63 | 3.00 | 3.43 | 3.10 | 3.16 | 3.20 | 3.39 | 3.33 | 3.44 | 3.42 |
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Includes 30+ ratios · 43 years · Updated daily
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Quick answers to the most common questions about buying AM stock.
Antero Midstream Corporation's current P/E is 13.4x. The average P/E over the last 4 quarters is 23.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Antero Midstream Corporation's current operating margin is 51.2%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Antero Midstream Corporation's business trajectory between earnings reports.