Antero Midstream (AM) vs Archrock (AROC)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Archrock (AROC) has outperformed Antero Midstream (AM) over the past year, gaining 23.6% versus a gain of 9.0%. Over five years, AROC leads with a +248.3% price change compared with +83.7% for AM. Antero Midstream is the larger company by market cap ($10.06 billion vs $5.32 billion), about 1.9 times the size, while Archrock is growing revenue faster (+28.7% vs +7.4%).
On valuation, Antero Midstream trades at a lower forward P/E (13.1x vs 13.9x for Archrock). Antero Midstream offers the higher dividend yield (4.25% vs 2.90%). Antero Midstream converts more of its revenue into profit, with a net margin of 34.8% versus 21.6%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | AM | AROC |
|---|---|---|
| Share price | $21.19 | $30.34 |
| Market cap | $10.06B | $5.32B |
| 1-day change | +1.63% | +0.83% |
| YTD return | +17.20% | +15.64% |
| 1-year return | +8.99% | +23.62% |
| 5-year return | +83.70% | +248.26% |
| P/E ratio (TTM) | 25.53 | 16.31 |
| Forward P/E | 13.15 | 13.95 |
| EPS (TTM) | $0.83 | $1.86 |
| Dividend yield | 4.25% | 2.90% |
| Annual dividend | $0.90 | $0.88 |
| Revenue (latest FY) | $1.19B | $1.49B |
| Revenue growth (YoY) | +7.43% | +28.70% |
| Net income (latest FY) | $413.16M | $322.29M |
| Gross margin | — | 48.57% |
| Operating margin | 54.25% | — |
| Net margin | 34.77% | 21.63% |
| 52-week high | $23.84 | $42.23 |
| 52-week low | $16.96 | $22.88 |
| Distance from 52-week high | -11.10% | -28.16% |
| Analyst consensus | none | strong_buy |
| Avg. price target upside | +13.26% | +40.08% |
| Average volume | 2.37M | 1.74M |
| Shares outstanding | 474.67M | 175.34M |
| Employees | 632 | 1,350 |
| Sector | Utilities | Utilities |
| Industry | Natural Gas Distribution | Natural Gas Distribution |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- AROC has outperformed AM by 14.6 percentage points over the past year.
- Antero Midstream trades at a higher earnings multiple (25.5x vs 16.3x trailing P/E).
- Antero Midstream offers a meaningfully higher dividend yield (4.25% vs 2.90%).
- Antero Midstream is more profitable, keeping 34.8 cents of every revenue dollar as net income versus 21.6 cents for Archrock.
- Archrock grew revenue faster in its latest fiscal year (+28.70% vs +7.43%).
About Antero Midstream
AM stock →Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling.
Utilities · Natural Gas Distribution · 632 employees
About Archrock
AROC stock →Archrock, Inc., together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services.
Utilities · Natural Gas Distribution · 1,350 employees
AM vs AROC FAQ
Which is bigger, Antero Midstream or Archrock?
Antero Midstream (AM) is larger, with a market capitalization of $10.06B compared with $5.32B for Archrock (AROC).
Which stock has performed better over the past year, AM or AROC?
AROC returned +23.62% over the past 12 months, compared with +8.99% for AM (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AM or AROC?
AROC has the lower trailing P/E at 16.3, versus 25.5 for AM. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Antero Midstream or Archrock?
Antero Midstream has the higher yield at 4.25%, compared with 2.90% for Archrock.
Are Antero Midstream and Archrock in the same industry?
Yes. Both are classified in the Natural Gas Distribution industry within the Utilities sector.