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Side-by-side financial comparison of ANTERO RESOURCES Corp (AR) and eXp World Holdings, Inc. (EXPI). Click either name above to swap in a different company.

ANTERO RESOURCES Corp is the larger business by last-quarter revenue ($1.4B vs $1.2B, roughly 1.1× eXp World Holdings, Inc.). On growth, eXp World Holdings, Inc. posted the faster year-over-year revenue change (8.5% vs -30.5%). Over the past eight quarters, ANTERO RESOURCES Corp's revenue compounded faster (17.6% CAGR vs 12.4%).

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.

eXp World Holdings, Inc. is a global cloud-based real estate services provider. It operates the eXp Realty brokerage network, leverages immersive virtual 3D campus environments to support agent collaboration and operations, serves residential and commercial real estate markets across over 20 countries, and offers complementary services including mortgage, title insurance and professional development resources for real estate practitioners.

AR vs EXPI — Head-to-Head

Bigger by revenue
AR
AR
1.1× larger
AR
$1.4B
$1.2B
EXPI
Growing faster (revenue YoY)
EXPI
EXPI
+39.0% gap
EXPI
8.5%
-30.5%
AR
Faster 2-yr revenue CAGR
AR
AR
Annualised
AR
17.6%
12.4%
EXPI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AR
AR
EXPI
EXPI
Revenue
$1.4B
$1.2B
Net Profit
$-12.9M
Gross Margin
Operating Margin
20.1%
-1.1%
Net Margin
-1.1%
Revenue YoY
-30.5%
8.5%
Net Profit YoY
-35.7%
EPS (diluted)
$0.66
$-0.08

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
EXPI
EXPI
Q1 26
$1.4B
Q4 25
$1.4B
$1.2B
Q3 25
$1.2B
$1.3B
Q2 25
$1.3B
$1.3B
Q1 25
$1.4B
$954.9M
Q4 24
$1.2B
$1.1B
Q3 24
$1.1B
$1.2B
Q2 24
$978.7M
$1.3B
Net Profit
AR
AR
EXPI
EXPI
Q1 26
Q4 25
$202.9M
$-12.9M
Q3 25
$85.6M
$3.5M
Q2 25
$166.6M
$-2.3M
Q1 25
$219.5M
$-11.0M
Q4 24
$158.8M
$-9.5M
Q3 24
$-25.2M
$-8.5M
Q2 24
$-74.6M
$12.4M
Gross Margin
AR
AR
EXPI
EXPI
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
99.9%
Q2 24
99.9%
Operating Margin
AR
AR
EXPI
EXPI
Q1 26
20.1%
Q4 25
20.5%
-1.1%
Q3 25
9.7%
0.3%
Q2 25
15.8%
-0.2%
Q1 25
20.1%
-1.1%
Q4 24
4.9%
-1.0%
Q3 24
-2.4%
-0.7%
Q2 24
-8.2%
1.4%
Net Margin
AR
AR
EXPI
EXPI
Q1 26
Q4 25
14.4%
-1.1%
Q3 25
7.1%
0.3%
Q2 25
12.8%
-0.2%
Q1 25
16.2%
-1.2%
Q4 24
13.6%
-0.9%
Q3 24
-2.4%
-0.7%
Q2 24
-7.6%
1.0%
EPS (diluted)
AR
AR
EXPI
EXPI
Q1 26
$0.66
Q4 25
$0.63
$-0.08
Q3 25
$0.24
$0.02
Q2 25
$0.50
$-0.01
Q1 25
$0.66
$-0.07
Q4 24
$0.48
$-0.06
Q3 24
$-0.11
$-0.06
Q2 24
$-0.26
$0.08

Balance Sheet & Financial Strength

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

Metric
AR
AR
EXPI
EXPI
Cash + ST InvestmentsLiquidity on hand
$124.2M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$7.6B
$242.8M
Total Assets
$13.2B
$442.5M
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AR
AR
EXPI
EXPI
Q1 26
Q4 25
$124.2M
Q3 25
$112.8M
Q2 25
$94.6M
Q1 25
$115.7M
Q4 24
$113.6M
Q3 24
$130.4M
Q2 24
$108.4M
Total Debt
AR
AR
EXPI
EXPI
Q1 26
$1.4B
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
AR
AR
EXPI
EXPI
Q1 26
$7.6B
Q4 25
$7.6B
$242.8M
Q3 25
$7.3B
$235.3M
Q2 25
$7.3B
$218.4M
Q1 25
$7.2B
$212.0M
Q4 24
$7.0B
$204.9M
Q3 24
$7.0B
$211.1M
Q2 24
$7.0B
$220.3M
Total Assets
AR
AR
EXPI
EXPI
Q1 26
$13.2B
Q4 25
$13.2B
$442.5M
Q3 25
$12.9B
$458.7M
Q2 25
$12.8B
$481.2M
Q1 25
$13.0B
$435.8M
Q4 24
$13.0B
$390.7M
Q3 24
$13.2B
$432.6M
Q2 24
$13.4B
$457.4M
Debt / Equity
AR
AR
EXPI
EXPI
Q1 26
0.19×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

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
EXPI
EXPI
Operating Cash FlowLast quarter
$457.7M
$13.8M
Free Cash FlowOCF − Capex
$11.9M
FCF MarginFCF / Revenue
1.0%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$109.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AR
AR
EXPI
EXPI
Q1 26
$457.7M
Q4 25
$370.7M
$13.8M
Q3 25
$310.1M
$28.9M
Q2 25
$492.4M
$36.1M
Q1 25
$457.7M
$39.8M
Q4 24
$278.0M
$13.7M
Q3 24
$166.2M
$46.0M
Q2 24
$143.5M
$71.1M
Free Cash Flow
AR
AR
EXPI
EXPI
Q1 26
Q4 25
$11.9M
Q3 25
$26.6M
Q2 25
$33.3M
Q1 25
$37.3M
Q4 24
$11.6M
Q3 24
$44.4M
Q2 24
$69.7M
FCF Margin
AR
AR
EXPI
EXPI
Q1 26
Q4 25
1.0%
Q3 25
2.0%
Q2 25
2.5%
Q1 25
3.9%
Q4 24
1.1%
Q3 24
3.6%
Q2 24
5.4%
Capex Intensity
AR
AR
EXPI
EXPI
Q1 26
Q4 25
0.2%
Q3 25
0.2%
Q2 25
0.2%
Q1 25
0.3%
Q4 24
0.2%
Q3 24
0.1%
Q2 24
0.1%
Cash Conversion
AR
AR
EXPI
EXPI
Q1 26
Q4 25
1.83×
Q3 25
3.62×
8.26×
Q2 25
2.96×
Q1 25
2.09×
Q4 24
1.75×
Q3 24
Q2 24
5.75×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AR
AR

Natural gas sales$780.0M58%
Natural gas liquids sales$561.4M42%
Oil sales$50.3M4%
Other revenue and income$818.0K0%

EXPI
EXPI

North American Realty$1.1B96%
International Realty$42.2M4%

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