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Side-by-side financial comparison of ANTERO RESOURCES Corp (AR) and TRINET GROUP, INC. (TNET). 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× TRINET GROUP, INC.). On growth, TRINET GROUP, INC. posted the faster year-over-year revenue change (-2.2% vs -30.5%). ANTERO RESOURCES Corp produced more free cash flow last quarter ($235.6M vs $43.0M). Over the past eight quarters, ANTERO RESOURCES Corp's revenue compounded faster (17.6% CAGR vs -0.6%).

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.

TriNet Group, Inc. is a professional employer organization for small and medium-sized businesses. TriNet administers payroll and health benefits and advises clients on employment law compliance and risk reduction, acting in some cases as an outsourced human resources department. TriNet is headquartered in Dublin, California. TriNet partners with organizations between 3 and 2,500 employees.

AR vs TNET — Head-to-Head

Bigger by revenue
AR
AR
1.1× larger
AR
$1.4B
$1.2B
TNET
Growing faster (revenue YoY)
TNET
TNET
+28.3% gap
TNET
-2.2%
-30.5%
AR
More free cash flow
AR
AR
$192.6M more FCF
AR
$235.6M
$43.0M
TNET
Faster 2-yr revenue CAGR
AR
AR
Annualised
AR
17.6%
-0.6%
TNET

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AR
AR
TNET
TNET
Revenue
$1.4B
$1.2B
Net Profit
Gross Margin
Operating Margin
20.1%
0.1%
Net Margin
Revenue YoY
-30.5%
-2.2%
Net Profit YoY
EPS (diluted)
$0.66
$0.02

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
TNET
TNET
Q1 26
$1.4B
Q4 25
$1.4B
$1.2B
Q3 25
$1.2B
$1.2B
Q2 25
$1.3B
$1.2B
Q1 25
$1.4B
$1.3B
Q4 24
$1.2B
$1.3B
Q3 24
$1.1B
$1.2B
Q2 24
$978.7M
$1.2B
Net Profit
AR
AR
TNET
TNET
Q1 26
Q4 25
$202.9M
Q3 25
$85.6M
$34.0M
Q2 25
$166.6M
$37.0M
Q1 25
$219.5M
$85.0M
Q4 24
$158.8M
Q3 24
$-25.2M
$45.0M
Q2 24
$-74.6M
$60.0M
Operating Margin
AR
AR
TNET
TNET
Q1 26
20.1%
Q4 25
20.5%
0.1%
Q3 25
9.7%
4.1%
Q2 25
15.8%
4.1%
Q1 25
20.1%
8.9%
Q4 24
4.9%
-2.9%
Q3 24
-2.4%
4.7%
Q2 24
-8.2%
6.5%
Net Margin
AR
AR
TNET
TNET
Q1 26
Q4 25
14.4%
Q3 25
7.1%
2.8%
Q2 25
12.8%
3.0%
Q1 25
16.2%
6.6%
Q4 24
13.6%
Q3 24
-2.4%
3.6%
Q2 24
-7.6%
4.9%
EPS (diluted)
AR
AR
TNET
TNET
Q1 26
$0.66
Q4 25
$0.63
$0.02
Q3 25
$0.24
$0.70
Q2 25
$0.50
$0.77
Q1 25
$0.66
$1.71
Q4 24
$0.48
$-0.44
Q3 24
$-0.11
$0.89
Q2 24
$-0.26
$1.20

Balance Sheet & Financial Strength

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

Metric
AR
AR
TNET
TNET
Cash + ST InvestmentsLiquidity on hand
$287.0M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$7.6B
$54.0M
Total Assets
$13.2B
$3.8B
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AR
AR
TNET
TNET
Q1 26
Q4 25
$287.0M
Q3 25
$321.0M
Q2 25
$407.0M
Q1 25
$349.0M
Q4 24
$360.0M
Q3 24
$301.0M
Q2 24
$249.0M
Total Debt
AR
AR
TNET
TNET
Q1 26
$1.4B
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
AR
AR
TNET
TNET
Q1 26
$7.6B
Q4 25
$7.6B
$54.0M
Q3 25
$7.3B
$110.0M
Q2 25
$7.3B
$107.0M
Q1 25
$7.2B
$63.0M
Q4 24
$7.0B
$69.0M
Q3 24
$7.0B
$129.0M
Q2 24
$7.0B
$100.0M
Total Assets
AR
AR
TNET
TNET
Q1 26
$13.2B
Q4 25
$13.2B
$3.8B
Q3 25
$12.9B
$3.4B
Q2 25
$12.8B
$3.7B
Q1 25
$13.0B
$3.8B
Q4 24
$13.0B
$4.1B
Q3 24
$13.2B
$3.7B
Q2 24
$13.4B
$3.7B
Debt / Equity
AR
AR
TNET
TNET
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
TNET
TNET
Operating Cash FlowLast quarter
$457.7M
$61.0M
Free Cash FlowOCF − Capex
$235.6M
$43.0M
FCF MarginFCF / Revenue
17.4%
3.4%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$234.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AR
AR
TNET
TNET
Q1 26
$457.7M
Q4 25
$370.7M
$61.0M
Q3 25
$310.1M
$72.0M
Q2 25
$492.4M
$75.0M
Q1 25
$457.7M
$95.0M
Q4 24
$278.0M
$65.0M
Q3 24
$166.2M
$84.0M
Q2 24
$143.5M
$39.0M
Free Cash Flow
AR
AR
TNET
TNET
Q1 26
$235.6M
Q4 25
$43.0M
Q3 25
$55.0M
Q2 25
$57.0M
Q1 25
$79.0M
Q4 24
$47.0M
Q3 24
$59.0M
Q2 24
$22.0M
FCF Margin
AR
AR
TNET
TNET
Q1 26
17.4%
Q4 25
3.4%
Q3 25
4.5%
Q2 25
4.6%
Q1 25
6.1%
Q4 24
3.7%
Q3 24
4.8%
Q2 24
1.8%
Capex Intensity
AR
AR
TNET
TNET
Q1 26
Q4 25
1.4%
Q3 25
1.4%
Q2 25
1.5%
Q1 25
1.2%
Q4 24
1.4%
Q3 24
2.0%
Q2 24
1.4%
Cash Conversion
AR
AR
TNET
TNET
Q1 26
Q4 25
1.83×
Q3 25
3.62×
2.12×
Q2 25
2.96×
2.03×
Q1 25
2.09×
1.12×
Q4 24
1.75×
Q3 24
1.87×
Q2 24
0.65×

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%

TNET
TNET

Insurance Services$1.1B85%
Professional Services$169.0M14%

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