Antero Resources Corporation (AR) vs Texas Pacific Land Corporation (TPL)

Antero Resources Corporation and Texas Pacific Land Corporation are both Oil & Gas E&P companies. Texas Pacific Land Corporation is the larger, with a market value of $18.8B against $11.2B — 1.7× the size. Antero Resources Corporation trades at the lower P/E: 8.2× against 32.3×. Antero Resources Corporation grew revenue faster over the last twelve months: 28.7% against 25.3%. Texas Pacific Land Corporation has the higher net margin (60.7% vs 21.2%) and the higher return on invested capital (31.9% vs 10.2%). Across the 21 metrics below, Texas Pacific Land Corporation leads on 12 and Antero Resources Corporation on 9.

Valuation

Metric AR TPL Oil & Gas E&P median
P/E 8.20 32.34 9.67
P/S 1.73 19.63 1.76
P/B 1.30 10.54 1.19
Price to free cash flow n/m 44.94 8.37
EV/EBITDA 6.06 23.09 4.59
EV/Sales 2.06 19.25 2.27
Earnings yield 12.19% 3.09% 7.55%
Free cash flow yield (9.82%) 2.23% 3.98%

Profitability

Metric AR TPL Oil & Gas E&P median
Gross margin 44.29% 100.00% 79.54%
Operating margin 27.56% 75.55% 24.01%
Net margin 21.22% 60.71% 14.11%
Free cash flow margin (17.02%) 66.22% 7.72%
Return on equity 17.01% 37.07% 8.99%
Return on assets 9.65% 33.45% 4.63%
Return on invested capital 10.17% 31.90% 6.33%

Growth

Metric AR TPL Oil & Gas E&P median
Revenue growth (TTM) 28.74% 25.30% 13.60%
EPS growth (last fiscal year) 1,027.78% 6.04% (10.17%)
Revenue growth, 5-year CAGR 8.61% 21.41% 18.67%
Net income growth, 5-year CAGR 0.00% 22.28% 0.00%

Health

Metric AR TPL Oil & Gas E&P median
Debt to equity 0.27 0.00 0.29
Current ratio 0.39 0.00 0.92
Net debt to EBITDA 0.74 (0.22) 0.93

Dividend

Metric AR TPL Oil & Gas E&P median
Dividend yield — 0.85% 3.76%
Payout ratio — 0.27 0.33

Size

Metric AR TPL Oil & Gas E&P median
Market cap 11.17b 18.77b 953.29m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack