Antero Midstream (AM) vs Kodiak Gas Services (KGS)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Kodiak Gas Services (KGS) has outperformed Antero Midstream (AM) over the past year, gaining 47.8% versus a gain of 9.5%. Antero Midstream is the larger company by market cap ($10.06 billion vs $5.42 billion), about 1.9 times the size, while Kodiak Gas Services is growing revenue faster (+12.8% vs +7.4%). On valuation, Antero Midstream trades at a lower forward P/E (13.1x vs 16.9x for Kodiak Gas Services).
Antero Midstream offers the higher dividend yield (4.25% vs 3.66%). Antero Midstream converts more of its revenue into profit, with a net margin of 34.8% versus 6.2%.
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 | KGS |
|---|---|---|
| Share price | $21.19 | $53.57 |
| Market cap | $10.06B | $5.42B |
| 1-day change | +1.63% | -1.96% |
| YTD return | +19.11% | +43.24% |
| 1-year return | +9.51% | +47.78% |
| 5-year return | +86.70% | — |
| P/E ratio (TTM) | 25.53 | 62.29 |
| Forward P/E | 13.15 | 16.94 |
| EPS (TTM) | $0.83 | $0.86 |
| Dividend yield | 4.25% | 3.66% |
| Annual dividend | $0.90 | $1.96 |
| Revenue (latest FY) | $1.19B | $1.31B |
| Revenue growth (YoY) | +7.43% | +12.83% |
| Net income (latest FY) | $413.16M | $80.52M |
| Gross margin | — | 63.31% |
| Operating margin | 54.25% | 25.99% |
| Net margin | 34.77% | 6.16% |
| 52-week high | $23.84 | $77.68 |
| 52-week low | $16.96 | $32.55 |
| Distance from 52-week high | -11.10% | -31.04% |
| Analyst consensus | none | strong_buy |
| Avg. price target upside | +13.26% | +54.43% |
| Average volume | 2.38M | 1.77M |
| Shares outstanding | 474.67M | 101.10M |
| Employees | 632 | 1,300 |
| 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
- KGS has outperformed AM by 38.3 percentage points over the past year.
- Kodiak Gas Services trades at a higher earnings multiple (62.3x vs 25.5x trailing P/E).
- Antero Midstream is more profitable, keeping 34.8 cents of every revenue dollar as net income versus 6.2 cents for Kodiak Gas Services.
- Kodiak Gas Services grew revenue faster in its latest fiscal year (+12.83% 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 Kodiak Gas Services
KGS stock →Kodiak Gas Services, Inc. operates and provides contract compression infrastructure for customers in the oil and gas industry in the United States.
Utilities · Natural Gas Distribution · 1,300 employees
AM vs KGS FAQ
Which is bigger, Antero Midstream or Kodiak Gas Services?
Antero Midstream (AM) is larger, with a market capitalization of $10.06B compared with $5.42B for Kodiak Gas Services (KGS).
Which stock has performed better over the past year, AM or KGS?
KGS returned +47.78% over the past 12 months, compared with +9.51% for AM (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AM or KGS?
AM has the lower trailing P/E at 25.5, versus 62.3 for KGS. 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 Kodiak Gas Services?
Antero Midstream has the higher yield at 4.25%, compared with 3.66% for Kodiak Gas Services.
Are Antero Midstream and Kodiak Gas Services in the same industry?
Yes. Both are classified in the Natural Gas Distribution industry within the Utilities sector.