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Side-by-side financial comparison of Antero Midstream Corp (AM) and Credo Technology Group Holding Ltd (CRDO). Click either name above to swap in a different company.

Antero Midstream Corp is the larger business by last-quarter revenue ($291.1M vs $268.0M, roughly 1.1× Credo Technology Group Holding Ltd). Antero Midstream Corp runs the higher net margin — 41.5% vs 30.8%, a 10.6% gap on every dollar of revenue. On growth, Credo Technology Group Holding Ltd posted the faster year-over-year revenue change (272.1% vs -7.3%). Antero Midstream Corp produced more free cash flow last quarter ($186.9M vs $38.5M). Over the past eight quarters, Credo Technology Group Holding Ltd's revenue compounded faster (124.8% 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.

Seiko Group is a corporate group composed of Seiko Group Corporation and its subsidiaries and affiliates. It used to be recognized as a corporate group consisting of three core companies Seiko Holdings Corp., Seiko Instruments Inc., and Seiko Epson Corp. The three companies were linked by a common thread of timepiece technology. Although Epson still develops and manufactures wristwatches for the Seiko Group, Epson and its subsidiaries are not considered part of the group.

AM vs CRDO — Head-to-Head

Bigger by revenue
AM
AM
1.1× larger
AM
$291.1M
$268.0M
CRDO
Growing faster (revenue YoY)
CRDO
CRDO
+279.4% gap
CRDO
272.1%
-7.3%
AM
Higher net margin
AM
AM
10.6% more per $
AM
41.5%
30.8%
CRDO
More free cash flow
AM
AM
$148.4M more FCF
AM
$186.9M
$38.5M
CRDO
Faster 2-yr revenue CAGR
CRDO
CRDO
Annualised
CRDO
124.8%
3.9%
AM

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
AM
AM
CRDO
CRDO
Revenue
$291.1M
$268.0M
Net Profit
$120.7M
$82.6M
Gross Margin
67.5%
Operating Margin
60.9%
29.4%
Net Margin
41.5%
30.8%
Revenue YoY
-7.3%
272.1%
Net Profit YoY
2.1%
2055.9%
EPS (diluted)
$0.25
$0.44

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
CRDO
CRDO
Q1 26
$291.1M
Q4 25
$297.0M
$268.0M
Q3 25
$294.8M
$223.1M
Q2 25
$305.5M
$170.0M
Q1 25
$291.1M
$135.0M
Q4 24
$287.5M
$72.0M
Q3 24
$269.9M
$59.7M
Q2 24
$269.8M
$60.8M
Net Profit
AM
AM
CRDO
CRDO
Q1 26
$120.7M
Q4 25
$51.9M
$82.6M
Q3 25
$116.0M
$63.4M
Q2 25
$124.5M
$36.6M
Q1 25
$120.7M
$29.4M
Q4 24
$111.2M
$-4.2M
Q3 24
$99.7M
$-9.5M
Q2 24
$86.0M
$-10.5M
Gross Margin
AM
AM
CRDO
CRDO
Q1 26
Q4 25
67.5%
Q3 25
67.4%
Q2 25
67.2%
Q1 25
63.6%
Q4 24
63.2%
Q3 24
62.4%
Q2 24
65.8%
Operating Margin
AM
AM
CRDO
CRDO
Q1 26
60.9%
Q4 25
33.8%
29.4%
Q3 25
61.2%
27.2%
Q2 25
61.0%
19.9%
Q1 25
60.9%
19.4%
Q4 24
61.8%
-11.7%
Q3 24
60.2%
-24.2%
Q2 24
56.6%
-13.0%
Net Margin
AM
AM
CRDO
CRDO
Q1 26
41.5%
Q4 25
17.5%
30.8%
Q3 25
39.3%
28.4%
Q2 25
40.8%
21.5%
Q1 25
41.5%
21.7%
Q4 24
38.7%
-5.9%
Q3 24
37.0%
-16.0%
Q2 24
31.9%
-17.2%
EPS (diluted)
AM
AM
CRDO
CRDO
Q1 26
$0.25
Q4 25
$0.11
$0.44
Q3 25
$0.24
$0.34
Q2 25
$0.26
$0.22
Q1 25
$0.25
$0.16
Q4 24
$0.23
$-0.03
Q3 24
$0.21
$-0.06
Q2 24
$0.18
$-0.06

Balance Sheet & Financial Strength

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

Metric
AM
AM
CRDO
CRDO
Cash + ST InvestmentsLiquidity on hand
$180.4M
$813.6M
Total DebtLower is stronger
$3.2B
Stockholders' EquityBook value
$2.0B
$1.3B
Total Assets
$5.9B
$1.4B
Debt / EquityLower = less leverage
1.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AM
AM
CRDO
CRDO
Q1 26
$180.4M
Q4 25
$180.4M
$813.6M
Q3 25
$479.6M
Q2 25
$431.3M
Q1 25
$379.2M
Q4 24
$383.0M
Q3 24
$398.6M
Q2 24
$410.0M
Total Debt
AM
AM
CRDO
CRDO
Q1 26
$3.2B
Q4 25
$3.2B
Q3 25
$3.0B
Q2 25
$3.0B
Q1 25
$3.1B
Q4 24
$3.1B
Q3 24
$3.2B
Q2 24
$3.2B
Stockholders' Equity
AM
AM
CRDO
CRDO
Q1 26
$2.0B
Q4 25
$2.0B
$1.3B
Q3 25
$2.1B
$781.4M
Q2 25
$2.1B
$681.6M
Q1 25
$2.1B
$618.2M
Q4 24
$2.1B
$567.9M
Q3 24
$2.1B
$553.1M
Q2 24
$2.1B
$540.2M
Total Assets
AM
AM
CRDO
CRDO
Q1 26
$5.9B
Q4 25
$5.9B
$1.4B
Q3 25
$5.7B
$905.2M
Q2 25
$5.7B
$809.3M
Q1 25
$5.8B
$719.9M
Q4 24
$5.8B
$638.6M
Q3 24
$5.8B
$644.9M
Q2 24
$5.8B
$601.9M
Debt / Equity
AM
AM
CRDO
CRDO
Q1 26
1.63×
Q4 25
1.63×
Q3 25
1.46×
Q2 25
1.45×
Q1 25
1.49×
Q4 24
1.47×
Q3 24
1.49×
Q2 24
1.50×

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
CRDO
CRDO
Operating Cash FlowLast quarter
$198.9M
$61.7M
Free Cash FlowOCF − Capex
$186.9M
$38.5M
FCF MarginFCF / Revenue
64.2%
14.4%
Capex IntensityCapex / Revenue
11.1%
8.7%
Cash ConversionOCF / Net Profit
1.65×
0.75×
TTM Free Cash FlowTrailing 4 quarters
$143.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AM
AM
CRDO
CRDO
Q1 26
$198.9M
Q4 25
$255.5M
$61.7M
Q3 25
$212.8M
$54.2M
Q2 25
$265.2M
$57.8M
Q1 25
$198.9M
$4.2M
Q4 24
$232.7M
$10.3M
Q3 24
$184.9M
$-7.2M
Q2 24
$215.8M
$4.2M
Free Cash Flow
AM
AM
CRDO
CRDO
Q1 26
$186.9M
Q4 25
$38.5M
Q3 25
$51.3M
Q2 25
$54.2M
Q1 25
$-383.0K
Q4 24
$-11.7M
Q3 24
$184.3M
$-13.1M
Q2 24
$147.2M
$962.0K
FCF Margin
AM
AM
CRDO
CRDO
Q1 26
64.2%
Q4 25
14.4%
Q3 25
23.0%
Q2 25
31.9%
Q1 25
-0.3%
Q4 24
-16.2%
Q3 24
68.3%
-21.9%
Q2 24
54.6%
1.6%
Capex Intensity
AM
AM
CRDO
CRDO
Q1 26
11.1%
Q4 25
8.7%
Q3 25
1.3%
Q2 25
2.1%
Q1 25
3.4%
Q4 24
0.0%
30.5%
Q3 24
0.2%
9.8%
Q2 24
25.4%
5.3%
Cash Conversion
AM
AM
CRDO
CRDO
Q1 26
1.65×
Q4 25
4.92×
0.75×
Q3 25
1.84×
0.85×
Q2 25
2.13×
1.58×
Q1 25
1.65×
0.14×
Q4 24
2.09×
Q3 24
1.85×
Q2 24
2.51×

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%

CRDO
CRDO

Other$132.1M49%
HK$104.4M39%
RESTOFTHEWORLD$31.5M12%

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