Antero Midstream Corporation Financial Ratios — AM Stock

Profitability (USD)

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	385.06	399.17	718.47
Return on Assets (%)	- -	150.05	105.5	9.87	171.97	-11.22	-2.06	5.95	5.76	6.45	6.97	7.1
Return on Capital (%)	- -	- -	- -	- -	-317.85	- -	- -	16.39	14.46	15.76	16.91	17.12
Return on Invested Capital (%)	- -	- -	-5.56	-14.42	-77.7	- -	- -	7.63	7.25	8.33	9.08	10.27
Gross Margin (%)	- -	- -	- -	- -	- -	59	64.5	65.26	61.37	62.25	63.58	65.3
EBITDA Margin (%)	- -	- -	- -	- -	- -	61.69	76.01	76.73	75.04	73.6	73.94	74.44
Operating Margin (%)	- -	- -	- -	- -	- -	43.73	57.54	58.21	54.6	55.01	56.04	58.16
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	48.89	153.86	-201.27	-105.95	58.37	73.72	88.51
Pretax Margin (%)	- -	- -	- -	- -	- -	-53.86	-18.35	46.32	44.79	44.95	46.62	44.81
Profit Margin (%)	- -	- -	- -	- -	- -	-41.8	-12.61	34.23	32.93	33.42	34.06	32.81
Net Income to Common Margin (%)	- -	- -	- -	- -	- -	-41.85	-12.67	34.17	32.88	33.37	34.02	32.77
Effective Tax Rate (%)	- -	38.21	39.8	91.87	32.66	- -	- -	26.1	26.48	25.65	26.93	26.77
Dvd Payout Ratio (%)	- -	28.55	- -	1,363.53	129.81	-139.43	-479.08	142.32	132.89	117.13	109.32	106.4
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	-65.98	-37.18	-45.96

Credit (USD)

API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	- -	- -	- -	- -	2,892	3,092	3,123	3,361	3,213	3,117	3,223
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	- -	- -	- -	- -	2,892	3,092	3,123	3,361	3,213	3,117	3,223
Total Debt/EBITDA	- -	- -	- -	- -	- -	5.52	4.19	4.2	4.52	3.92	3.58	3.44
Net Debt/EBITDA	- -	- -	-0.1	0.15	0.06	5.52	4.19	4.2	4.52	3.92	3.58	3.25
Total Debt/EBIT	- -	- -	- -	- -	- -	7.78	5.53	5.54	6.21	5.25	4.73	4.4
Net Debt/EBIT	- -	- -	11.8	0.15	0.06	7.78	5.53	5.54	6.21	5.25	4.73	4.15
EBITDA to Interest Expense	- -	- -	- -	- -	-322.43	4.75	5.02	4.24	3.91	3.77	4.2	4.92
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	-322.43	1.2	3.68	2.91	1.2	2.92	3.03	4.07
EBIT to Interest Expense	- -	- -	- -	- -	-322.43	3.37	3.8	3.22	2.85	2.82	3.19	3.85
Interest Expense	- -	- -	- -	- -	- -	110	147	175	190	217	207	190
Common Equity/Total Assets	- -	- -	- -	- -	-87.98	-5.36	-8.19	-2.3	1.51	1.83	1.65	0.33
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	92.01	127.84	136.57	153.32	149.33	147.36	163.41
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	113.18	117.45	104.26	97.46	96.83	97.03	99.4
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	46.03	55.1	56.33	58.04	56	54.1	54.77
Total Debt/Equity (%)	- -	- -	- -	- -	- -	92.01	127.84	136.57	153.32	149.33	147.36	163.41
Total Debt/Capital (%)	- -	- -	- -	- -	- -	113.18	117.45	104.26	97.46	96.83	97.03	99.4
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	46.03	55.1	56.33	58.04	56	54.1	54.77
Net Debt to Equity	- -	-12.9	-93.57	-38.36	-9.14	91.97	127.82	136.57	153.32	149.33	147.36	154.26
Net Debt/Capital (%)	- -	100	100	100	6.3	113.18	117.45	104.26	97.46	96.83	97.03	99.36
EBITDA	- -	- -	99	-41	-44	524	738	743	743	819	870	937
EBITDA-CapEx	- -	- -	-317	-41	-44	132	542	511	228	635	628	775
Operating Income (Loss)	- -	- -	-1	-41	-44	372	559	564	541	612	659	732

Liquidity (USD)

API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	0.63	1.35	0.42	0.17	0.01	0.01	- -	- -	- -	- -	1.62
Current Ratio	- -	0.63	1.38	0.42	0.17	0.45	1	0.74	0.87	0.95	1.17	3.41
Quick Ratio	- -	0.63	1.38	0.42	0.17	0.44	0.98	0.73	0.86	0.93	1.15	2.6
CFO/Avg Current Liab	- -	5.13	2.64	2.64	5.39	4.81	4.48	6.82	6.48	7.85	8.57	8.79
Common Equity/Total Assets	- -	- -	- -	- -	-87.98	-5.36	-8.19	-2.3	1.51	1.83	1.65	0.33
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	92.01	127.84	136.57	153.32	149.33	147.36	163.41
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	113.18	117.45	104.26	97.46	96.83	97.03	99.4
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	46.03	55.1	56.33	58.04	56	54.1	54.77
Total Debt/Equity (%)	- -	- -	- -	- -	- -	92.01	127.84	136.57	153.32	149.33	147.36	163.41
Total Debt/Capital (%)	- -	- -	- -	- -	- -	113.18	117.45	104.26	97.46	96.83	97.03	99.4
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	46.03	55.1	56.33	58.04	56	54.1	54.77
CFO/Total Liabilities	- -	61.08	134.32	198.43	495.91	19.82	23.6	21.79	19.44	21.73	23.14	23.84
CFO/CapEx	- -	- -	0.02	- -	- -	1.59	3.83	3.05	1.36	4.23	3.48	5.75
Altman's Z-Score	- -	-0.05	0.03	150.78	71.11	0.98	1.21	1.47	1.5	1.73	1.95	2.13

Working Capital (USD)

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	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	- -	- -	- -	- -	16.09	10.78	12.38	11.75	12.62	11.45	11.25
Days Sales Outstanding	- -	- -	- -	- -	- -	22.68	33.85	29.48	31.07	28.92	31.88	32.44
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	66.04	29.8	16.06	13.46	19.41	27.32	27.17
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	5.53	12.25	22.72	27.11	18.8	13.36	13.43
Cash Conversion Cycle	- -	- -	- -	- -	- -	17.16	21.6	6.76	3.96	10.12	18.52	19
Inventory to Cash Days	- -	- -	- -	- -	- -	22.68	33.85	29.48	31.07	28.92	31.88	32.44
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	3,671	2,091	3,360	3,688	4,622	5,160	6,007	7,234	8,434
- Cash & Cash Equivalents	- -	- -	10	6	3	1	1	- -	- -	- -	- -	180
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	2,892	3,092	3,123	3,361	3,213	3,117	3,223
Enterprise Value	- -	- -	-10	3,665	2,088	6,251	6,779	7,745	8,521	9,220	10,351	11,476
Total Capital	- -	- -	- -	- -	-42	2,556	2,632	2,995	3,449	3,318	3,212	3,242
Total Debt/Capital (%)	- -	- -	- -	- -	- -	113.18	117.45	104.26	97.46	96.83	97.03	99.4
Total Debt / EV	- -	- -	- -	- -	- -	0.46	0.46	0.4	0.39	0.35	0.3	0.28
EV/Sales	- -	- -	- -	- -	- -	7.36	6.98	7.99	8.6	8.29	8.8	9.11
EV/EBITDA	- -	- -	- -	- -	- -	11.93	9.18	10.42	11.46	11.26	11.9	12.24
EV/EBIT	- -	- -	- -	- -	- -	16.82	12.13	13.73	15.75	15.06	15.7	15.67
EV/Cash Flow to Firm	- -	- -	- -	130.53	24.97	8.83	7.93	9.23	10.15	9.8	10.4	10.71
EV/Free Cash Flow to Firm	- -	- -	- -	130.53	24.97	5.68	6.45	7.22	6.29	8.2	8.36	9.3
Diluted Market Cap	- -	- -	- -	3,671	2,095	3,360	3,688	4,648	5,182	6,044	7,234	8,434
Diluted Enterprise Value	- -	- -	-10	3,665	2,092	6,251	6,779	7,771	8,544	9,257	10,351	11,476
EV per Share	- -	- -	- -	19.69	11.16	14.12	14.17	16.22	17.82	19.23	21.59	24.21
TTM Sales	- -	- -	- -	- -	- -	850	971	969	991	1,112	1,177	1,259
TTM EBITDA	- -	- -	99	-41	-44	524	738	743	743	819	870	937
TTM Operating Income	- -	- -	-1	-41	-44	372	559	564	541	612	659	732
TTM Cash Flow to Firm	- -	- -	10	28	84	708	854	839	839	941	995	1,072
TTM Free Cash Flow to Firm	- -	- -	426	28	84	1,100	1,051	1,072	1,355	1,125	1,238	1,234

Multiples (USD)

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	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	130.75	25.08	3.31	3.88	4.93	4.26	6.28	6.66	7.7
EV/EBIT	- -	- -	- -	- -	- -	16.82	12.13	13.73	15.75	15.06	15.7	15.67
Enterprise Value	- -	- -	-10	3,665	2,088	6,251	6,779	7,745	8,521	9,220	10,351	11,476
Low Price	- -	- -	- -	16.62	10.12	4.26	1.69	7.57	8.56	9.56	11.58	15.08
EV/Sales	- -	- -	- -	- -	- -	7.36	6.98	7.99	8.6	8.29	8.8	9.11
EV/EBITDA	- -	- -	- -	- -	- -	11.93	9.18	10.42	11.46	11.26	11.9	12.24
Price/Earnings	- -	- -	- -	1,579.09	31.4	- -	- -	13.96	15.84	16.18	18.07	20.44
Price/Earnings Average	- -	- -	- -	1,597.31	49.59	-12.65	-21.49	13.84	15.05	14.77	17.06	20.27
Price/Earnings High	- -	- -	- -	2,753	62.88	-18.13	-33.58	16.89	17.05	17.38	19.16	22.77
Price/Earnings Low	- -	- -	- -	1,330.86	28.42	-5.3	-6.57	10.92	12.57	12.34	13.87	17.33
Price/Book Value	- -	- -	- -	- -	-49.83	-9.98	-8.03	-36.2	58.92	57.07	75.88	432.11
Price/Book Value Average	- -	- -	- -	- -	-78.7	-13.36	-5.76	-35.88	55.99	52.09	71.66	428.55
Price/Book Value High	- -	- -	- -	- -	-99.79	-19.14	-9	-43.79	63.4	61.31	80.46	481.42
Price/Book Value Low	- -	- -	- -	- -	-45.1	-5.6	-1.76	-28.31	46.74	43.55	58.23	366.29
Price/Tangible Book Value	- -	- -	- -	235.22	67.76	3.14	3.72	4.97	5.69	6.42	7.46	9.39
Price/Tangible Book Value Average	- -	- -	- -	237.94	107.03	4.2	2.67	4.93	5.41	5.86	7.04	9.31
Price/Tangible Book Value High	- -	- -	- -	410.09	135.71	6.02	4.17	6.01	6.13	6.89	7.9	10.46
Price/Tangible Book Value Low	- -	- -	- -	198.25	61.34	1.76	0.82	3.89	4.52	4.89	5.72	7.96
Price/Sales	- -	- -	- -	- -	- -	3.95	3.8	4.77	5.21	5.4	6.15	6.7
Price/Sales Average	- -	- -	- -	- -	- -	5.29	2.72	4.73	4.95	4.93	5.81	6.64
Price/Sales High	- -	- -	- -	- -	- -	7.59	4.25	5.77	5.6	5.8	6.52	7.46
Price/Sales Low	- -	- -	- -	- -	- -	2.22	0.83	3.73	4.13	4.12	4.72	5.68
Price/Cash Flow	- -	- -	- -	130.75	25.03	5.4	4.89	6.51	7.38	7.71	8.57	9.04
Price/Cash Flow Average	- -	- -	- -	132.26	39.54	7.23	3.51	6.46	7.01	7.04	8.09	8.97
Price/Cash Flow High	- -	- -	- -	227.95	50.14	10.36	5.49	7.88	7.94	8.28	9.09	10.08
Price/Cash Flow Low	- -	- -	- -	110.19	22.66	3.03	1.07	5.09	5.85	5.88	6.58	7.67
Price/Free Cash Flow Average	- -	- -	- -	132.26	39.62	4.43	2.78	4.89	4.05	5.73	6.29	7.64
Price/Free Cash Flow High	- -	- -	- -	227.95	50.23	6.35	4.35	5.97	4.59	6.74	7.06	8.58
Price/Free Cash Flow Low	- -	- -	- -	110.19	22.7	1.86	0.85	3.86	3.38	4.79	5.11	6.53
EV/Sales Average	- -	- -	- -	- -	- -	8.7	5.9	7.95	8.34	7.82	8.45	9.06
EV/Sales High	- -	- -	- -	- -	- -	10.99	7.44	8.99	9	8.69	9.17	9.88
EV/Sales Low	- -	- -	- -	- -	- -	5.62	4.01	6.95	7.53	7.01	7.37	8.09
EV/EBITDA Average	- -	- -	-0.1	-90.14	-75.26	14.1	7.77	10.36	11.12	10.62	11.43	12.17
EV/EBITDA High	- -	- -	-0.1	-155.46	-95.44	17.81	9.78	11.72	11.99	11.81	12.4	13.27
EV/EBITDA Low	- -	- -	-0.1	-75.08	-43.1	9.11	5.28	9.06	10.03	9.52	9.96	10.87
EV/EBIT Average	- -	- -	11.8	-90.14	-75.26	19.89	10.26	13.66	15.28	14.21	15.09	15.58
EV/EBIT High	- -	- -	11.8	-155.46	-95.44	25.13	12.92	15.45	16.48	15.79	16.36	16.99
EV/EBIT Low	- -	- -	11.8	-75.08	-43.1	12.86	6.98	11.95	13.78	12.74	13.14	13.92
Last Price	- -	- -	- -	19.72	11.18	7.59	7.71	9.68	10.79	12.53	15.09	17.79
High Price	- -	- -	- -	34.38	22.39	14.56	8.64	11.71	11.61	13.46	16	19.82
Enterprise Value Average	- -	- -	-10	3,708	3,300	7,389	5,736	7,705	8,264	8,695	9,949	11,406
Enterprise Value High	- -	- -	-10	6,395	4,185	9,336	7,223	8,714	8,914	9,666	10,788	12,438
Enterprise Value Low	- -	- -	-10	3,088	1,890	4,777	3,899	6,738	7,455	7,796	8,669	10,191

Shares Outstanding	- -	186	186	186	186	484	477	477	478	478	479	474
Diluted Weighted Avg Shares	186	186	186	186	187	443	478	480	480	482	479	474
Basic Weighted Avg Shares	186	186	186	186	187	443	478	477	478	479	479	474
Revenue per Share	- -	- -	- -	- -	- -	1.92	2.03	2.03	2.07	2.32	2.45	2.66
EBITDA per Share	- -	- -	0.53	-0.22	-0.23	1.18	1.54	1.56	1.55	1.71	1.82	1.98
Operating Income per Share	- -	- -	- -	-0.22	-0.23	0.84	1.17	1.18	1.13	1.28	1.38	1.54
Basic EPS, GAAP	- -	- -	0.05	0.01	0.36	-0.8	-0.26	0.69	0.68	0.77	0.84	0.87
Basic EPS from Cont Ops	- -	- -	0.05	0.01	0.36	-0.8	-0.26	0.69	0.68	0.78	0.84	0.87
Diluted EPS, GAAP	- -	- -	0.05	0.01	0.36	-0.8	-0.26	0.69	0.68	0.77	0.84	0.87
Diluted EPS from Cont Ops	- -	- -	0.05	0.01	0.36	-0.8	-0.26	0.69	0.68	0.77	0.84	0.87
Dividend per Share	- -	- -	- -	0.17	0.46	1.12	1.23	0.99	0.91	0.91	0.91	0.93
Cash Flow per Share	- -	- -	0.05	0.15	0.45	1.41	1.58	1.49	1.46	1.63	1.76	1.97
Free Cash Flow per Basic Share	- -	- -	-2.19	0.15	0.45	0.52	1.16	1	0.38	1.24	1.25	1.62
Cash & Equivalents per Share	- -	- -	0.05	0.03	0.02	- -	- -	- -	- -	- -	- -	0.38
Book Value per Share	- -	- -	- -	- -	-0.22	-0.76	-0.96	-0.27	0.18	0.22	0.2	0.04
Tangible Book Value per Share	- -	- -	0.06	0.08	0.16	2.42	2.07	1.95	1.89	1.95	2.02	1.89

Antero Midstream Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)