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EV / sales at other companies

EQT Corporation logo
EQT CorporationEQT
4.4×-2.7×
Antero Midstream Corporation logo
Antero Midstream CorporationAM
12×+1.5×
Permian Resources logo
Permian ResourcesPR
4.1×+1.5×
Devon Energy logo
Devon EnergyDVN
2.4×+0.4×
TRG
Targa ResourcesTRGP
3.3×+0.6×
EOG Resources logo
EOG ResourcesEOG
3.4×+0.5×

Other financials

Income statement

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Revenue$1.9B+43.8%
Operating income$729.5M+169%
Net income$548.2M+150%
EPS (diluted)$1.72+161%

Balance sheet

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Cash & equivalents$4.5M
Total debt$4.8B+24.8%
Total equity$8.1B+11.7%
Total assets$15.3B+17.6%

Cash flow

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Operating cash flow$859.1M+87.7%
CapEx$4.6M+666%
Free cash flow$854.4M+86.9%

Valuation

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Market cap$10.29B+4.1%
P/E10.3×-25.3×
P/S1.8×-0.4×

Profitability

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Operating margin22.9%+17.9pp
Net margin17.1%+11.0pp
FCF margin34.5%+11.6pp

Returns & leverage

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Return on equity13.1%+9.2pp
Debt / equity0.6×+0.1×
Current ratio0.4×0.0×

Where this comes from

Calculated from Antero Resources’s reported figures.

Based on the most recent quarter.

The official record: Antero Resources’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Antero Resources's EV / sales?
Antero Resources (AR) reported EV / sales of 3× in Q1 2026.
How has Antero Resources's EV / sales changed year-over-year?
Antero Resources's EV / sales decreased by 15.5% year-over-year, from 3.6× to 3×.
What is the long-term trend for Antero Resources's EV / sales?
Over 5 years (2020 to 2025), Antero Resources's EV / sales has grown at a 5.0% compound annual growth rate (CAGR), from 2.1× to 2.7×.
What does EV / sales mean?
What the whole business costs relative to its annual sales.
How do you interpret EV / sales?
A fallback valuation gauge for pre-profit or cyclical firms. Like P/S, only comparable across similar-margin businesses, but it accounts for debt and cash unlike P/S.
How does EV / sales compare across companies?
Compare within a margin cohort; the debt-and-cash adjustment makes it cleaner than P/S for leveraged firms.