Antero Resources Corporation (AR) vs Permian Resources Corporation (PR)

Antero Resources Corporation and Permian Resources Corporation are both Oil & Gas E&P companies. Permian Resources Corporation is the larger, with a market value of $19.8B against $11.2B — 1.8× the size. Antero Resources Corporation trades at the lower P/E: 11.0× against 15.9×. Antero Resources Corporation grew revenue faster over the last twelve months: 25.8% against 12.8%. Permian Resources Corporation has the higher net margin (21.5% vs 17.7%) and the lower return on invested capital (8.64% vs 8.79%). Across the 21 metrics below, Antero Resources Corporation leads on 11 and Permian Resources Corporation on 10.

Valuation

Metric AR PR Oil & Gas E&P median
P/E 11.01 15.95 11.01
P/S 1.95 3.58 1.98
P/B 1.44 1.71 1.30
Price to free cash flow 550.51 18.92 10.68
EV/EBITDA 7.56 5.72 5.09
EV/Sales 2.32 4.13 2.63
Earnings yield 9.08% 6.27% 5.78%
Free cash flow yield 0.18% 5.29% 4.91%

Profitability

Metric AR PR Oil & Gas E&P median
Gross margin 41.67% 75.85% 80.41%
Operating margin 24.67% 35.84% 21.39%
Net margin 17.68% 21.52% 14.17%
Free cash flow margin 0.35% 18.95% 8.18%
Return on equity 13.72% 10.78% 10.05%
Return on assets 7.74% 6.86% 5.81%
Return on invested capital 8.79% 8.64% 6.32%

Growth

Metric AR PR Oil & Gas E&P median
Revenue growth (TTM) 25.76% 12.81% 9.94%
EPS growth (last fiscal year) 1,027.78% (11.72%) (10.50%)
Revenue growth, 5-year CAGR 8.61% 54.23% 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AR PR Oil & Gas E&P median
Debt to equity 0.29 0.25 0.28
Current ratio 0.40 0.62 0.96
Net debt to EBITDA 0.74 0.97 0.89

Dividend

Metric AR PR Oil & Gas E&P median
Dividend yield — 2.57% 3.29%
Payout ratio — 0.42 0.35

Size

Metric AR PR Oil & Gas E&P median
Market cap 11.20b 19.77b 1.04b

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