Last 47 quarters of trend data · Energy · Oil & Gas Exploration & Production
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Antero Resources Corporation's quarterly P/E stands at 35.0x. EV/EBITDA has compressed 52.9% YoY to 12.0x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 18.13 | 34.96 | 20.14 | 15.32 | 25.77 | — | — | 103.57 | 35.44 | 108.83 | — | 8.37 | 3.35 |
| — | — | — | -85.2% | -27.3% | — | — | +1138.0% | +956.6% | +2352.6% | — | — | +103.2% | |
| P/S Ratio | 2.15 | 2.22 | 2.62 | 2.29 | 2.39 | 2.26 | 2.73 | 2.14 | 1.60 | 1.86 | 1.93 | 1.48 | 1.36 |
| — | -1.9% | -4.1% | +6.7% | +49.6% | +21.7% | +41.3% | +44.7% | +17.4% | +81.5% | +77.4% | +6.2% | +74.0% | |
| P/B Ratio | 1.49 | 1.39 | 1.69 | 1.72 | 1.52 | 1.24 | 1.41 | 1.25 | 0.98 | 1.11 | 0.98 | 1.00 | 1.40 |
| — | +11.9% | +19.5% | +37.9% | +55.2% | +11.4% | +44.2% | +24.1% | -29.8% | -27.6% | -40.2% | -40.0% | +42.4% | |
| P/FCF | 6.96 | 7.65 | 11.11 | 7.46 | 10.76 | 5.75 | — | 9.93 | 20.68 | 13.12 | 15.17 | 6.77 | 5.52 |
| — | +33.0% | — | -24.9% | -48.0% | -56.2% | — | +46.7% | +274.8% | +447.5% | +415.3% | +51.0% | +57.0% | |
| EV / EBITDA | 9.11 | 11.97 | 10.24 | 9.01 | 14.86 | 25.40 | 33.22 | 14.13 | 8.78 | 13.58 | 34.87 | 5.96 | 3.23 |
| — | -52.9% | -69.2% | -36.2% | +69.3% | +87.1% | -4.7% | +137.1% | +171.6% | +249.6% | +1034.8% | — | +61.3% | |
| EV / EBIT | 16.84 | 23.80 | 17.16 | 13.91 | 138.46 | 171.68 | — | 47.50 | 16.22 | 40.56 | — | 8.53 | 3.76 |
| — | -86.1% | — | -70.7% | +753.7% | +323.2% | — | +456.6% | +331.3% | +739.2% | — | — | +65.5% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Antero Resources Corporation's operating margin was 8.8% in Q3 2025, down 8.2 pp QoQ and up 9.4 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 11.4% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin expanded 163.1% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 94.3% | 13.7% | 20.2% | 30.3% | 11.2% | 5.2% | 0.5% | 10.2% | 18.4% | 13.9% | -0.7% | 26.7% | 50.0% |
| — | +163.1% | +4235.0% | +198.0% | -38.9% | -62.7% | +162.2% | -61.9% | -63.3% | -76.2% | -101.2% | -48.4% | -5.6% | |
| Operating Margin | 16.7% | 8.8% | 17.0% | 19.5% | 0.3% | -0.6% | -8.6% | 4.5% | 14.0% | 5.2% | -10.0% | 27.3% | 52.4% |
| — | +1572.8% | +297.2% | +331.9% | -98.0% | -111.4% | +13.3% | -83.4% | -73.3% | -83.6% | -122.0% | +329.1% | -20.7% | |
| Net Margin | 12.0% | 6.5% | 13.0% | 14.9% | 9.3% | -2.1% | -8.6% | 2.1% | 8.6% | 1.7% | -9.3% | 17.6% | 40.6% |
| — | +412.0% | +251.2% | +594.8% | +8.8% | -223.9% | +7.5% | -87.8% | -78.9% | -92.7% | -128.6% | +293.0% | -14.4% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.5% | 1.0% | 2.1% | 2.8% | 1.5% | -0.3% | -1.1% | 0.3% | 1.3% | 0.3% | -1.2% | 3.0% | 10.8% |
| — | +457.0% | +290.6% | +806.3% | +12.2% | -213.2% | +5.4% | -89.6% | -87.8% | -97.1% | -109.2% | +213.4% | -32.7% | |
| ROA | 4.8% | 0.6% | 1.2% | 1.6% | 0.8% | -0.2% | -0.6% | 0.2% | 0.7% | 0.1% | -0.6% | 1.5% | 5.1% |
| — | +486.5% | +305.0% | +854.0% | +17.7% | -218.5% | +1.5% | -89.0% | -86.5% | -96.7% | -111.0% | +235.0% | -22.3% | |
| ROIC | 5.9% | 0.7% | 1.4% | 1.8% | 0.0% | -0.0% | -0.5% | 0.3% | 1.0% | 0.4% | -0.6% | 2.1% | 6.2% |
| — | +1938.5% | +368.5% | +493.3% | -97.9% | -110.9% | +8.3% | -85.5% | -84.1% | -93.2% | -107.8% | +255.5% | -27.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Antero Resources Corporation's Debt/EBITDA ratio is 12.2x, up from 8.9x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 10.8% YoY to 0.31x, strengthening the short-term liquidity position.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.46 | 0.47 | 0.47 | 0.51 | 0.56 | 0.60 | 0.61 | 0.61 | 0.62 | 0.67 | 0.67 | 0.66 | 0.66 |
| — | -20.3% | -23.5% | -15.9% | -10.5% | -10.8% | -9.4% | -7.1% | -5.3% | -8.4% | -14.4% | -28.2% | -27.8% | |
| Debt / EBITDA | 2.16 | 12.20 | 8.88 | 8.30 | 15.96 | 32.95 | 40.11 | 18.60 | 13.66 | 20.35 | 56.86 | 9.44 | 4.15 |
| — | -63.0% | -77.9% | -55.4% | +16.8% | +61.9% | -29.5% | +97.1% | +229.5% | +307.5% | +1324.3% | — | +7.3% | |
| Current Ratio | 0.55 | 0.31 | 0.30 | 0.39 | 0.35 | 0.28 | 0.29 | 0.29 | 0.33 | 0.29 | 0.26 | 0.29 | 0.44 |
| — | +10.8% | +4.6% | +32.9% | +7.2% | -3.7% | +13.9% | -0.4% | -26.2% | -24.8% | -37.8% | +2.9% | +33.7% | |
| Quick Ratio | 0.55 | 0.31 | 0.30 | 0.39 | 0.35 | 0.28 | 0.29 | 0.29 | 0.33 | 0.29 | 0.26 | 0.29 | 0.44 |
| — | +10.8% | +4.6% | +32.9% | +7.2% | -3.7% | +13.9% | -0.4% | -26.2% | -24.8% | -37.8% | +2.9% | +33.7% | |
| Interest Coverage | — | 5.70 | 10.27 | 11.62 | 0.12 | -0.21 | -2.45 | 1.58 | 4.75 | 1.76 | -3.18 | 12.90 | 37.53 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorSee our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationCompare performance and metrics against top competitors.
Start ComparisonAntero Resources Corporation's current P/E is 18.1x. The average P/E over the last 4 quarters is 24.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Antero Resources Corporation's current operating margin is 16.7%. 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 Resources Corporation's business trajectory between earnings reports.