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Side-by-side financial comparison of ANTERO RESOURCES Corp (AR) and OLD REPUBLIC INTERNATIONAL CORP (ORI). Click either name above to swap in a different company.

OLD REPUBLIC INTERNATIONAL CORP is the larger business by last-quarter revenue ($2.4B vs $1.4B, roughly 1.7× ANTERO RESOURCES Corp). ANTERO RESOURCES Corp runs the higher net margin — 14.4% vs 13.8%, a 0.6% gap on every dollar of revenue. On growth, ANTERO RESOURCES Corp posted the faster year-over-year revenue change (20.8% vs 6.7%). Over the past eight quarters, OLD REPUBLIC INTERNATIONAL CORP's revenue compounded faster (13.2% CAGR vs 12.2%).

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.

Old Republic International Corporation is an American property insurance and title insurance company. The company is headquartered in Chicago, Illinois.

AR vs ORI — Head-to-Head

Bigger by revenue
ORI
ORI
1.7× larger
ORI
$2.4B
$1.4B
AR
Growing faster (revenue YoY)
AR
AR
+14.0% gap
AR
20.8%
6.7%
ORI
Higher net margin
AR
AR
0.6% more per $
AR
14.4%
13.8%
ORI
Faster 2-yr revenue CAGR
ORI
ORI
Annualised
ORI
13.2%
12.2%
AR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AR
AR
ORI
ORI
Revenue
$1.4B
$2.4B
Net Profit
$202.9M
$330.0M
Gross Margin
Operating Margin
20.5%
Net Margin
14.4%
13.8%
Revenue YoY
20.8%
6.7%
Net Profit YoY
27.8%
34.7%
EPS (diluted)
$0.63

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
ORI
ORI
Q1 26
$2.4B
Q4 25
$1.4B
$2.4B
Q3 25
$1.2B
$2.4B
Q2 25
$1.3B
$2.2B
Q1 25
$1.4B
$2.1B
Q4 24
$1.2B
$2.0B
Q3 24
$1.1B
$2.3B
Q2 24
$978.7M
$1.9B
Net Profit
AR
AR
ORI
ORI
Q1 26
$330.0M
Q4 25
$202.9M
$206.5M
Q3 25
$85.6M
$279.5M
Q2 25
$166.6M
$204.4M
Q1 25
$219.5M
$245.0M
Q4 24
$158.8M
$105.3M
Q3 24
$-25.2M
$338.9M
Q2 24
$-74.6M
$91.8M
Operating Margin
AR
AR
ORI
ORI
Q1 26
Q4 25
20.5%
Q3 25
9.7%
14.6%
Q2 25
15.8%
11.8%
Q1 25
20.1%
14.6%
Q4 24
4.9%
Q3 24
-2.4%
18.2%
Q2 24
-8.2%
6.1%
Net Margin
AR
AR
ORI
ORI
Q1 26
13.8%
Q4 25
14.4%
8.6%
Q3 25
7.1%
11.5%
Q2 25
12.8%
9.3%
Q1 25
16.2%
11.6%
Q4 24
13.6%
5.3%
Q3 24
-2.4%
14.5%
Q2 24
-7.6%
4.9%
EPS (diluted)
AR
AR
ORI
ORI
Q1 26
Q4 25
$0.63
$0.82
Q3 25
$0.24
$1.11
Q2 25
$0.50
$0.81
Q1 25
$0.66
$0.98
Q4 24
$0.48
$0.42
Q3 24
$-0.11
$1.32
Q2 24
$-0.26
$0.35

Balance Sheet & Financial Strength

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

Metric
AR
AR
ORI
ORI
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$7.6B
$5.9M
Total Assets
$13.2B
$29.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Stockholders' Equity
AR
AR
ORI
ORI
Q1 26
$5.9M
Q4 25
$7.6B
$5.9B
Q3 25
$7.3B
$6.4B
Q2 25
$7.3B
$6.2B
Q1 25
$7.2B
$5.9B
Q4 24
$7.0B
$5.6B
Q3 24
$7.0B
$6.4B
Q2 24
$7.0B
$6.0B
Total Assets
AR
AR
ORI
ORI
Q1 26
$29.6M
Q4 25
$13.2B
$29.9B
Q3 25
$12.9B
$30.3B
Q2 25
$12.8B
$29.3B
Q1 25
$13.0B
$28.0B
Q4 24
$13.0B
$27.8B
Q3 24
$13.2B
$28.8B
Q2 24
$13.4B
$27.5B

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
ORI
ORI
Operating Cash FlowLast quarter
$370.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.83×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AR
AR
ORI
ORI
Q1 26
Q4 25
$370.7M
$234.9M
Q3 25
$310.1M
$563.9M
Q2 25
$492.4M
$133.8M
Q1 25
$457.7M
$231.7M
Q4 24
$278.0M
$361.7M
Q3 24
$166.2M
$474.8M
Q2 24
$143.5M
$236.5M
Cash Conversion
AR
AR
ORI
ORI
Q1 26
Q4 25
1.83×
1.14×
Q3 25
3.62×
2.02×
Q2 25
2.96×
0.65×
Q1 25
2.09×
0.95×
Q4 24
1.75×
3.43×
Q3 24
1.40×
Q2 24
2.58×

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%

ORI
ORI

operating$2.2B92%
Other$201.8M8%

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