APA Corporation (APA) vs Antero Resources Corporation (AR)

APA Corporation and Antero Resources Corporation are both Oil & Gas E&P companies. APA Corporation is the larger, with a market value of $16.6B against $11.2B — 1.5× the size. APA Corporation trades at the lower P/E: 10.4× against 11.0×. Antero Resources Corporation grew revenue faster over the last twelve months: 25.8% against −16.1%. APA Corporation has the higher net margin (19.5% vs 17.7%) and the higher return on invested capital (17.3% vs 8.79%). Across the 21 metrics below, APA Corporation leads on 14 and Antero Resources Corporation on 7.

Valuation

Metric APA AR Oil & Gas E&P median
P/E 10.37 11.01 11.01
P/S 2.02 1.95 1.98
P/B 2.18 1.44 1.30
Price to free cash flow 11.33 550.51 10.68
EV/EBITDA 3.90 7.56 5.09
EV/Sales 2.40 2.32 2.63
Earnings yield 9.64% 9.08% 5.78%
Free cash flow yield 8.82% 0.18% 4.91%

Profitability

Metric APA AR Oil & Gas E&P median
Gross margin 92.58% 41.67% 80.41%
Operating margin 36.09% 24.67% 21.39%
Net margin 19.48% 17.68% 14.17%
Free cash flow margin 17.78% 0.35% 8.18%
Return on equity 22.59% 13.72% 10.05%
Return on assets 9.30% 7.74% 5.81%
Return on invested capital 17.27% 8.79% 6.32%

Growth

Metric APA AR Oil & Gas E&P median
Revenue growth (TTM) (16.13%) 25.76% 9.94%
EPS growth (last fiscal year) 75.77% 1,027.78% (10.50%)
Revenue growth, 5-year CAGR 16.44% 8.61% 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric APA AR Oil & Gas E&P median
Debt to equity 0.47 0.29 0.28
Current ratio 0.95 0.40 0.96
Net debt to EBITDA 0.78 0.74 0.89

Dividend

Metric APA AR Oil & Gas E&P median
Dividend yield 2.54% — 3.29%
Payout ratio 0.26 — 0.35

Size

Metric APA AR Oil & Gas E&P median
Market cap 16.55b 11.20b 1.04b

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