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Side-by-side financial comparison of Antero Midstream Corp (AM) and Adtalem Global Education Inc. (ATGE). Click either name above to swap in a different company.

Adtalem Global Education Inc. is the larger business by last-quarter revenue ($503.4M vs $291.1M, roughly 1.7× Antero Midstream Corp). Antero Midstream Corp runs the higher net margin — 41.5% vs 15.2%, a 26.3% gap on every dollar of revenue. On growth, Adtalem Global Education Inc. posted the faster year-over-year revenue change (12.4% vs -7.3%). Antero Midstream Corp produced more free cash flow last quarter ($186.9M vs $15.1M). Over the past eight quarters, Adtalem Global Education Inc.'s revenue compounded faster (10.4% CAGR vs 3.9%).

Antero Resources Corporation is an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado. The company's reserves are entirely in the Appalachian Basin and are extracted using hydraulic fracturing.

Adtalem Global Education Inc. is a US corporation based in Chicago, Illinois, that operates for-profit higher education institutions, including American University of the Caribbean School of Medicine, Chamberlain University, Ross University School of Medicine, Ross University School of Veterinary Medicine, and Walden University.

AM vs ATGE — Head-to-Head

Bigger by revenue
ATGE
ATGE
1.7× larger
ATGE
$503.4M
$291.1M
AM
Growing faster (revenue YoY)
ATGE
ATGE
+19.8% gap
ATGE
12.4%
-7.3%
AM
Higher net margin
AM
AM
26.3% more per $
AM
41.5%
15.2%
ATGE
More free cash flow
AM
AM
$171.8M more FCF
AM
$186.9M
$15.1M
ATGE
Faster 2-yr revenue CAGR
ATGE
ATGE
Annualised
ATGE
10.4%
3.9%
AM

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
AM
AM
ATGE
ATGE
Revenue
$291.1M
$503.4M
Net Profit
$120.7M
$76.4M
Gross Margin
59.2%
Operating Margin
60.9%
22.1%
Net Margin
41.5%
15.2%
Revenue YoY
-7.3%
12.4%
Net Profit YoY
2.1%
0.7%
EPS (diluted)
$0.25
$2.11

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AM
AM
ATGE
ATGE
Q1 26
$291.1M
Q4 25
$297.0M
$503.4M
Q3 25
$294.8M
$462.3M
Q2 25
$305.5M
$457.1M
Q1 25
$291.1M
$466.1M
Q4 24
$287.5M
$447.7M
Q3 24
$269.9M
$417.4M
Q2 24
$269.8M
$409.9M
Net Profit
AM
AM
ATGE
ATGE
Q1 26
$120.7M
Q4 25
$51.9M
$76.4M
Q3 25
$116.0M
$61.8M
Q2 25
$124.5M
$54.2M
Q1 25
$120.7M
$60.8M
Q4 24
$111.2M
$75.9M
Q3 24
$99.7M
$46.2M
Q2 24
$86.0M
$49.4M
Gross Margin
AM
AM
ATGE
ATGE
Q1 26
Q4 25
59.2%
Q3 25
56.6%
Q2 25
56.5%
Q1 25
57.1%
Q4 24
58.3%
Q3 24
55.4%
Q2 24
55.5%
Operating Margin
AM
AM
ATGE
ATGE
Q1 26
60.9%
Q4 25
33.8%
22.1%
Q3 25
61.2%
18.5%
Q2 25
61.0%
16.8%
Q1 25
60.9%
19.4%
Q4 24
61.8%
23.2%
Q3 24
60.2%
16.8%
Q2 24
56.6%
16.7%
Net Margin
AM
AM
ATGE
ATGE
Q1 26
41.5%
Q4 25
17.5%
15.2%
Q3 25
39.3%
13.4%
Q2 25
40.8%
11.9%
Q1 25
41.5%
13.1%
Q4 24
38.7%
16.9%
Q3 24
37.0%
11.1%
Q2 24
31.9%
12.1%
EPS (diluted)
AM
AM
ATGE
ATGE
Q1 26
$0.25
Q4 25
$0.11
$2.11
Q3 25
$0.24
$1.67
Q2 25
$0.26
$1.43
Q1 25
$0.25
$1.59
Q4 24
$0.23
$1.98
Q3 24
$0.21
$1.18
Q2 24
$0.18
$1.23

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AM
AM
ATGE
ATGE
Cash + ST InvestmentsLiquidity on hand
$180.4M
$56.3M
Total DebtLower is stronger
$3.2B
$504.3M
Stockholders' EquityBook value
$2.0B
$1.4B
Total Assets
$5.9B
$2.6B
Debt / EquityLower = less leverage
1.63×
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AM
AM
ATGE
ATGE
Q1 26
$180.4M
Q4 25
$180.4M
$56.3M
Q3 25
$264.7M
Q2 25
$199.6M
Q1 25
$219.0M
Q4 24
$194.0M
Q3 24
$264.8M
Q2 24
$219.3M
Total Debt
AM
AM
ATGE
ATGE
Q1 26
$3.2B
Q4 25
$3.2B
$504.3M
Q3 25
$3.0B
$553.2M
Q2 25
$3.0B
$552.7M
Q1 25
$3.1B
$552.2M
Q4 24
$3.1B
$649.9M
Q3 24
$3.2B
$649.3M
Q2 24
$3.2B
$648.7M
Stockholders' Equity
AM
AM
ATGE
ATGE
Q1 26
$2.0B
Q4 25
$2.0B
$1.4B
Q3 25
$2.1B
$1.5B
Q2 25
$2.1B
$1.4B
Q1 25
$2.1B
$1.4B
Q4 24
$2.1B
$1.4B
Q3 24
$2.1B
$1.4B
Q2 24
$2.1B
$1.4B
Total Assets
AM
AM
ATGE
ATGE
Q1 26
$5.9B
Q4 25
$5.9B
$2.6B
Q3 25
$5.7B
$2.9B
Q2 25
$5.7B
$2.8B
Q1 25
$5.8B
$2.8B
Q4 24
$5.8B
$2.7B
Q3 24
$5.8B
$2.8B
Q2 24
$5.8B
$2.7B
Debt / Equity
AM
AM
ATGE
ATGE
Q1 26
1.63×
Q4 25
1.63×
0.37×
Q3 25
1.46×
0.38×
Q2 25
1.45×
0.39×
Q1 25
1.49×
0.39×
Q4 24
1.47×
0.45×
Q3 24
1.49×
0.47×
Q2 24
1.50×
0.47×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AM
AM
ATGE
ATGE
Operating Cash FlowLast quarter
$198.9M
$29.7M
Free Cash FlowOCF − Capex
$186.9M
$15.1M
FCF MarginFCF / Revenue
64.2%
3.0%
Capex IntensityCapex / Revenue
11.1%
2.9%
Cash ConversionOCF / Net Profit
1.65×
0.39×
TTM Free Cash FlowTrailing 4 quarters
$368.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AM
AM
ATGE
ATGE
Q1 26
$198.9M
Q4 25
$255.5M
$29.7M
Q3 25
$212.8M
$130.5M
Q2 25
$265.2M
$59.7M
Q1 25
$198.9M
$207.9M
Q4 24
$232.7M
$-19.0M
Q3 24
$184.9M
$89.3M
Q2 24
$215.8M
$40.6M
Free Cash Flow
AM
AM
ATGE
ATGE
Q1 26
$186.9M
Q4 25
$15.1M
Q3 25
$114.5M
Q2 25
$40.7M
Q1 25
$197.7M
Q4 24
$-29.7M
Q3 24
$184.3M
$78.9M
Q2 24
$147.2M
$37.4M
FCF Margin
AM
AM
ATGE
ATGE
Q1 26
64.2%
Q4 25
3.0%
Q3 25
24.8%
Q2 25
8.9%
Q1 25
42.4%
Q4 24
-6.6%
Q3 24
68.3%
18.9%
Q2 24
54.6%
9.1%
Capex Intensity
AM
AM
ATGE
ATGE
Q1 26
11.1%
Q4 25
2.9%
Q3 25
3.5%
Q2 25
4.2%
Q1 25
2.2%
Q4 24
0.0%
2.4%
Q3 24
0.2%
2.5%
Q2 24
25.4%
0.8%
Cash Conversion
AM
AM
ATGE
ATGE
Q1 26
1.65×
Q4 25
4.92×
0.39×
Q3 25
1.84×
2.11×
Q2 25
2.13×
1.10×
Q1 25
1.65×
3.42×
Q4 24
2.09×
-0.25×
Q3 24
1.85×
1.93×
Q2 24
2.51×
0.82×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AM
AM

Gathering and compression–Antero Resources$238.0M82%
Other$52.3M18%
Water handling–third party$505.0K0%
Gathering and compression–third party$295.0K0%

ATGE
ATGE

Walden University Segment$217.6M43%
Chamberlain University Segment$183.8M37%
Medical And Veterinary$102.0M20%
Other Services$1.6M0%

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