Antero Midstream Corporation (AM) vs CMB.TECH nv (CMBT)

Antero Midstream Corporation and CMB.TECH nv are both Oil & Gas Midstream companies. Antero Midstream Corporation is the larger, with a market value of $10.1B against $5.5B — 1.8× the size. CMB.TECH nv trades at the lower P/E: 3.9× against 24.9×. CMB.TECH nv grew revenue faster over the last twelve months: 133.9% against 6.87%. CMB.TECH nv has the higher net margin (51.1% vs 32.4%) and the lower return on invested capital (0.00% vs 7.39%). Both pay a dividend; CMB.TECH nv yields more (7.57% vs 7.56%). Across the 22 metrics below, CMB.TECH nv leads on 13 and Antero Midstream Corporation on 9.

Valuation

Metric AM CMBT Oil & Gas Midstream median
P/E 24.92 3.94 13.19
P/S 8.06 2.60 2.60
P/B 5.11 1.77 2.08
Price to free cash flow 8.61 n/m 10.14
EV/EBITDA 15.10 7.85 8.11
EV/Sales 10.74 5.01 3.89
Earnings yield 4.01% 25.41% 6.83%
Free cash flow yield 11.61% (1.54%) 6.94%

Profitability

Metric AM CMBT Oil & Gas Midstream median
Gross margin 78.34% 75.42% 58.81%
Operating margin 52.83% 59.23% 32.14%
Net margin 32.36% 51.13% 21.16%
Free cash flow margin 93.59% 0.00% 10.15%
Return on equity 19.80% 0.00% 11.30%
Return on assets 6.60% 0.00% 5.00%
Return on invested capital 7.39% 0.00% 6.13%

Growth

Metric AM CMBT Oil & Gas Midstream median
Revenue growth (TTM) 6.87% 133.89% 15.44%
EPS growth (last fiscal year) 3.61% (86.26%) —
Revenue growth, 5-year CAGR 5.70% 8.72% 8.96%
Net income growth, 5-year CAGR 0.00% (19.43%) 0.00%

Health

Metric AM CMBT Oil & Gas Midstream median
Debt to equity 1.83 1.68 0.78
Current ratio 0.84 1.12 1.19
Net debt to EBITDA 3.46 5.50 3.42

Dividend

Metric AM CMBT Oil & Gas Midstream median
Dividend yield 7.56% 7.57% 7.29%
Payout ratio — 0.63 0.64

Size

Metric AM CMBT Oil & Gas Midstream median
Market cap 10.08b 5.48b 3.61b

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