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AR Financials Antero Resources Corp

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 8.6% per year over the past 5 years.
  • Operating margin has expanded, at 16.7% in the latest year.

Financial health

  • Total debt ($1.4B) exceeds cash ($210M); net debt is $1.2B.
  • Total debt has grown slower than revenue (-14.2% vs 8.6% per year).
  • Total debt is 0.9× EBITDA.
Revenue & net income
-$285M $3B $7B $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-56% 10% 77% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$3B -$490M $2B $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $3B $5B 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$4B -$385M $3B $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $5.3B $675M 0.0% 16.7% $1.4B $210M
2024 $4.3B $94M 0.0% 0.0% $1.5B $0
2023 $4.7B $297M 0.0% 8.5% $1.5B $0
2022 $7.1B $2.0B 0.0% 35.6% $2.1B $1.2B $0
2021 $4.6B -$162M 0.0% 0.5% $944M $2.1B $0
2020 $3.5B 0.0% -27.3% -$139M $3.0B $0
2019 $4.4B 0.0% -22.4% -$319M $3.8B $0
2018 $4.1B 0.0% 1.7% -$129M $5.5B $0
2017 $3.7B 0.0% 20.2% -$210M $4.8B $28M
2016 $1.7B 0.0% -55.9% $4.7B $32M
2015 $4.0B 0.0% 45.3% $4.7B $23M
2014 $2.7B $676M 0.0% 47.8% -$3.1B $4.4B
2013 $1.3B -$19M 0.0% 26.0% -$2.1B
2012 $736M -$285M 0.0% 60.4%
2011 $691M $393M 0.0% 76.8%

Valuation over time

How the market has priced AR against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 66.7 133.4 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 1.4 2.9 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is AR growing its revenue and profit?

Over the past 5 years, Antero Resources Corp's revenue has grown 8.6% per year. These are computed facts, not advice.

How much debt does AR have?

As of FY2025, Antero Resources Corp reported $1.4B of total debt against $210M of cash.

What is AR's profit margin?

In FY2025, gross margin was —, operating margin 16.7%, and net margin 12.8%.

What is AR's P/E ratio?

As of Jun '26, Antero Resources Corp traded at a price-to-earnings ratio of about 15.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.