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Side-by-side financial comparison of ANTERO RESOURCES Corp (AR) and Amer Sports, Inc. (AS). Click either name above to swap in a different company.

ANTERO RESOURCES Corp is the larger business by last-quarter revenue ($1.4B vs $1.1B, roughly 1.3× Amer Sports, Inc.). ANTERO RESOURCES Corp runs the higher net margin — 14.4% vs 1.8%, a 12.6% gap on every dollar of revenue.

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.

Amer Sports, Inc. is a Finnish multinational sporting equipment division based in Helsinki, Finland. Established in 1950 as an industrial conglomerate with interests as diverse as tobacco trading, ship owning and publishing, Amer has gradually evolved into a multinational firm devoted to the production and marketing of sporting goods. The company employs over 9,700 people. Since 2018, Amer has been a subsidiary of Chinese retail conglomerate Anta Sports.

AR vs AS — Head-to-Head

Bigger by revenue
AR
AR
1.3× larger
AR
$1.4B
$1.1B
AS
Higher net margin
AR
AR
12.6% more per $
AR
14.4%
1.8%
AS

Income Statement — Q4 FY2025 vs Q1 FY2024

Metric
AR
AR
AS
AS
Revenue
$1.4B
$1.1B
Net Profit
$202.9M
$19.0M
Gross Margin
52.8%
Operating Margin
20.5%
12.4%
Net Margin
14.4%
1.8%
Revenue YoY
20.8%
Net Profit YoY
27.8%
EPS (diluted)
$0.63
$0.05

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
AR
AR
AS
AS
Q4 25
$1.4B
Q3 25
$1.2B
Q2 25
$1.3B
Q1 25
$1.4B
Q4 24
$1.2B
Q3 24
$1.1B
Q2 24
$978.7M
Q1 24
$1.1B
$1.1B
Net Profit
AR
AR
AS
AS
Q4 25
$202.9M
Q3 25
$85.6M
Q2 25
$166.6M
Q1 25
$219.5M
Q4 24
$158.8M
Q3 24
$-25.2M
Q2 24
$-74.6M
Q1 24
$34.7M
$19.0M
Gross Margin
AR
AR
AS
AS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
52.8%
Operating Margin
AR
AR
AS
AS
Q4 25
20.5%
Q3 25
9.7%
Q2 25
15.8%
Q1 25
20.1%
Q4 24
4.9%
Q3 24
-2.4%
Q2 24
-8.2%
Q1 24
4.3%
12.4%
Net Margin
AR
AR
AS
AS
Q4 25
14.4%
Q3 25
7.1%
Q2 25
12.8%
Q1 25
16.2%
Q4 24
13.6%
Q3 24
-2.4%
Q2 24
-7.6%
Q1 24
3.1%
1.8%
EPS (diluted)
AR
AR
AS
AS
Q4 25
$0.63
Q3 25
$0.24
Q2 25
$0.50
Q1 25
$0.66
Q4 24
$0.48
Q3 24
$-0.11
Q2 24
$-0.26
Q1 24
$0.07
$0.05

Balance Sheet & Financial Strength

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

Metric
AR
AR
AS
AS
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$7.6B
Total Assets
$13.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Stockholders' Equity
AR
AR
AS
AS
Q4 25
$7.6B
Q3 25
$7.3B
Q2 25
$7.3B
Q1 25
$7.2B
Q4 24
$7.0B
Q3 24
$7.0B
Q2 24
$7.0B
Q1 24
$7.1B
Total Assets
AR
AR
AS
AS
Q4 25
$13.2B
Q3 25
$12.9B
Q2 25
$12.8B
Q1 25
$13.0B
Q4 24
$13.0B
Q3 24
$13.2B
Q2 24
$13.4B
Q1 24
$13.5B

Cash Flow & Capital Efficiency

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

Metric
AR
AR
AS
AS
Operating Cash FlowLast quarter
$370.7M
$114.3M
Free Cash FlowOCF − Capex
$92.2M
FCF MarginFCF / Revenue
8.8%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
1.83×
6.02×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AR
AR
AS
AS
Q4 25
$370.7M
Q3 25
$310.1M
Q2 25
$492.4M
Q1 25
$457.7M
Q4 24
$278.0M
Q3 24
$166.2M
Q2 24
$143.5M
Q1 24
$261.6M
$114.3M
Free Cash Flow
AR
AR
AS
AS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$92.2M
FCF Margin
AR
AR
AS
AS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
8.8%
Capex Intensity
AR
AR
AS
AS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
2.1%
Cash Conversion
AR
AR
AS
AS
Q4 25
1.83×
Q3 25
3.62×
Q2 25
2.96×
Q1 25
2.09×
Q4 24
1.75×
Q3 24
Q2 24
Q1 24
7.55×
6.02×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AR
AR

Natural Gas Production$773.6M55%
Natural Gas Liquids Sales C3Ngls$378.1M27%
Other$97.3M7%
Natural Gas Liquids Sales Ethane$96.1M7%
Oil And Condensate$34.8M2%
Marketings$31.7M2%

AS
AS

Americas2$409.6M39%
EMEA1$356.9M34%
Greater China3$205.6M20%
Asia Pacific4$78.2M7%

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