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 $17.9B against $11.2B — 1.6× the size. Antero Resources Corporation trades at the lower P/E: 8.2× against 10.9×. Antero Resources Corporation grew revenue faster over the last twelve months: 28.7% against 22.8%. Permian Resources Corporation has the higher net margin (25.0% vs 21.2%) and the higher return on invested capital (13.1% vs 10.2%). Across the 20 metrics below, Antero Resources Corporation leads on 11 and Permian Resources Corporation on 9.

Valuation

Metric AR PR Oil & Gas E&P median
P/E 8.20 10.95 9.67
P/S 1.73 2.82 1.76
P/B 1.30 1.46 1.19
Price to free cash flow n/m 17.48 8.37
EV/EBITDA 6.06 5.11 4.59
EV/Sales 2.06 3.32 2.27
Earnings yield 12.19% 9.13% 7.55%
Free cash flow yield (9.82%) 5.72% 3.98%

Profitability

Metric AR PR Oil & Gas E&P median
Gross margin 44.29% 0.00% 79.54%
Operating margin 27.56% 40.06% 24.01%
Net margin 21.22% 25.04% 14.11%
Free cash flow margin (17.02%) 16.14% 7.72%
Return on equity 17.01% 13.53% 8.99%
Return on assets 9.65% 8.76% 4.63%
Return on invested capital 10.17% 13.06% 6.33%

Growth

Metric AR PR Oil & Gas E&P median
Revenue growth (TTM) 28.74% 22.75% 13.60%
EPS growth (last fiscal year) 1,027.78% (11.72%) (10.17%)
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 0.27 0.00 0.29
Current ratio 0.39 0.50 0.92
Net debt to EBITDA 0.74 0.97 0.93

Dividend

Metric AR PR Oil & Gas E&P median
Dividend yield — 2.94% 3.76%
Payout ratio — 0.33 0.33

Size

Metric AR PR Oil & Gas E&P median
Market cap 11.17b 17.87b 953.29m

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