Antero Resources vs EQT
EQT reported revenue of $8.6 billion in fiscal 2025, 1.6 times Antero Resources' $5.3 billion in fiscal 2025. Antero Resources' revenue grew 22.0% in its latest year, and EQT's grew 63.9%. Antero Resources had an operating margin of 16.8%, against 37.6% at EQT. Free cash flow was $1.6 billion at Antero Resources and $2.8 billion at EQT.
Side by side
| Antero Resources | EQT | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $5.3B | $8.6B |
| Revenue growth | 22.0% | 63.9% |
| Revenue growth a year, last 5 years | 8.6% | 23.1% |
| Gross margin | — | 82.3% |
| Operating margin | 16.8% | 37.6% |
| Net margin | 12.8% | 23.6% |
| Free cash flow | $1.6B | $2.8B |
| Free cash flow margin | 30.8% | 32.8% |
| Return on capital | 7.6% | 7.4% |
| Net debt to EBITDA | 0.7x | 1.3x |
| Dividends and buybacks | $136M | $390M |
| Change in diluted share count | −0.3% | 19.6% |
| Last close | $41.54 | $54.85 |
| P/E at the last close | 11.9× | 12.7× |
| Insider trades, last 12 months | bought $166,750, sold $11.2 million | sold $24.3 million |
| Piotroski F-score | 8 of 8 | 8 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Antero ResourcesEQT
Operating margin
Percent of revenue
Antero ResourcesEQT
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Antero ResourcesEQT
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Antero Resources and EQT pages.