Company / Operating Margin
Antero Midstream Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
54.3%
FY2025
5-year range
54.3% / 61.8%
FY2021-FY2025
Trend
-9.0%
vs FY2024
Sector context
#4 of 80
Energy
What the data says
Among 80 Energy companies, Antero Midstream is in the top 5% for operating margin. Operating Margin has fluctuated over the past 10 years, ranging from -59.0% in FY2017 to 95.2% in FY2016.
Based on SEC 10-K filings.
54.3% in FY2025 with a 5-year CAGR of +67.3%. Top quartile in the Energy sector.
Declined from 58.7% to 54.3% over the past 2 years.
Energy sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- -4.4pp
- 5-Year Change
- +67.3pp
- 10-Year Change
- -
Sector benchmark
Top 5% in EnergyTop 5% of 80This company 54.3% Sector average 15.5%
▼
+250.0% above sector average
Key checks
Key Insights
- In FY2025, operating margin decreased 9.0% year-over-year.
- Currently 38.8pp above the Energy sector average.
- Peak operating margin was recorded in FY2016.
- Lowest operating margin in the period was in FY2017.
Company context
Key Data Points
- Altman Z-Score 0.79 (distress zone, below 1.8 threshold)
- Strong profit margin: 40.1%
- High earnings quality (cash-backed earnings)
- Strong return on equity: 22.9%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 54.3% | -9.0% |
| FY2024 | 59.6% | +1.5% |
| FY2023 | 58.7% | +0.2% |
| FY2022 | 58.6% | -5.2% |
| FY2021 | 61.8% | +573.4% |
| FY2020 | -13.1% | +74.0% |
| FY2019 | -50.3% | -63.8% |
| FY2018 | -30.7% | +48.0% |
| FY2017 | -59.0% | -162.0% |
| FY2016 | 95.2% | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026