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Side-by-side financial comparison of ANTERO RESOURCES Corp (AR) and Zimmer Biomet (ZBH). Click either name above to swap in a different company.

Zimmer Biomet is the larger business by last-quarter revenue ($2.1B vs $1.4B, roughly 1.5× ANTERO RESOURCES Corp). On growth, Zimmer Biomet posted the faster year-over-year revenue change (9.3% vs -30.5%). Zimmer Biomet produced more free cash flow last quarter ($245.9M vs $235.6M). Over the past eight quarters, ANTERO RESOURCES Corp's revenue compounded faster (17.6% CAGR vs 3.7%).

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.

Zimmer Biomet Holdings, Inc. is a publicly traded American medical device company. It was founded in 1927 to produce aluminum splints. The firm is headquartered in Warsaw, Indiana, where it is part of the medical devices business cluster.

AR vs ZBH — Head-to-Head

Bigger by revenue
ZBH
ZBH
1.5× larger
ZBH
$2.1B
$1.4B
AR
Growing faster (revenue YoY)
ZBH
ZBH
+39.8% gap
ZBH
9.3%
-30.5%
AR
More free cash flow
ZBH
ZBH
$10.3M more FCF
ZBH
$245.9M
$235.6M
AR
Faster 2-yr revenue CAGR
AR
AR
Annualised
AR
17.6%
3.7%
ZBH

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
AR
AR
ZBH
ZBH
Revenue
$1.4B
$2.1B
Net Profit
$238.3M
Gross Margin
64.6%
Operating Margin
20.1%
17.9%
Net Margin
11.4%
Revenue YoY
-30.5%
9.3%
Net Profit YoY
30.5%
EPS (diluted)
$0.66
$1.22

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
ZBH
ZBH
Q1 26
$1.4B
$2.1B
Q4 25
$1.4B
$2.2B
Q3 25
$1.2B
$2.0B
Q2 25
$1.3B
$2.1B
Q1 25
$1.4B
$1.9B
Q4 24
$1.2B
$2.0B
Q3 24
$1.1B
$1.8B
Q2 24
$978.7M
$1.9B
Net Profit
AR
AR
ZBH
ZBH
Q1 26
$238.3M
Q4 25
$202.9M
$139.4M
Q3 25
$85.6M
$230.9M
Q2 25
$166.6M
$152.8M
Q1 25
$219.5M
$182.0M
Q4 24
$158.8M
$239.5M
Q3 24
$-25.2M
$249.1M
Q2 24
$-74.6M
$242.8M
Gross Margin
AR
AR
ZBH
ZBH
Q1 26
64.6%
Q4 25
64.7%
Q3 25
72.1%
Q2 25
71.5%
Q1 25
71.2%
Q4 24
71.0%
Q3 24
70.5%
Q2 24
71.5%
Operating Margin
AR
AR
ZBH
ZBH
Q1 26
20.1%
17.9%
Q4 25
20.5%
6.9%
Q3 25
9.7%
17.6%
Q2 25
15.8%
14.4%
Q1 25
20.1%
15.3%
Q4 24
4.9%
19.2%
Q3 24
-2.4%
15.3%
Q2 24
-8.2%
18.1%
Net Margin
AR
AR
ZBH
ZBH
Q1 26
11.4%
Q4 25
14.4%
6.2%
Q3 25
7.1%
11.5%
Q2 25
12.8%
7.4%
Q1 25
16.2%
9.5%
Q4 24
13.6%
11.8%
Q3 24
-2.4%
13.7%
Q2 24
-7.6%
12.5%
EPS (diluted)
AR
AR
ZBH
ZBH
Q1 26
$0.66
$1.22
Q4 25
$0.63
$0.71
Q3 25
$0.24
$1.16
Q2 25
$0.50
$0.77
Q1 25
$0.66
$0.91
Q4 24
$0.48
$1.18
Q3 24
$-0.11
$1.23
Q2 24
$-0.26
$1.18

Balance Sheet & Financial Strength

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

Metric
AR
AR
ZBH
ZBH
Cash + ST InvestmentsLiquidity on hand
$424.2M
Total DebtLower is stronger
$1.4B
$7.5B
Stockholders' EquityBook value
$7.6B
$12.7B
Total Assets
$13.2B
$22.7B
Debt / EquityLower = less leverage
0.19×
0.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AR
AR
ZBH
ZBH
Q1 26
$424.2M
Q4 25
$591.9M
Q3 25
$1.3B
Q2 25
$556.9M
Q1 25
$1.4B
Q4 24
$525.5M
Q3 24
$569.0M
Q2 24
$420.1M
Total Debt
AR
AR
ZBH
ZBH
Q1 26
$1.4B
$7.5B
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
AR
AR
ZBH
ZBH
Q1 26
$7.6B
$12.7B
Q4 25
$7.6B
$12.7B
Q3 25
$7.3B
$12.8B
Q2 25
$7.3B
$12.5B
Q1 25
$7.2B
$12.4B
Q4 24
$7.0B
$12.5B
Q3 24
$7.0B
$12.4B
Q2 24
$7.0B
$12.7B
Total Assets
AR
AR
ZBH
ZBH
Q1 26
$13.2B
$22.7B
Q4 25
$13.2B
$23.1B
Q3 25
$12.9B
$23.5B
Q2 25
$12.8B
$22.9B
Q1 25
$13.0B
$22.2B
Q4 24
$13.0B
$21.4B
Q3 24
$13.2B
$21.7B
Q2 24
$13.4B
$21.5B
Debt / Equity
AR
AR
ZBH
ZBH
Q1 26
0.19×
0.59×
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
ZBH
ZBH
Operating Cash FlowLast quarter
$457.7M
$359.4M
Free Cash FlowOCF − Capex
$235.6M
$245.9M
FCF MarginFCF / Revenue
17.4%
11.8%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.51×
TTM Free Cash FlowTrailing 4 quarters
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AR
AR
ZBH
ZBH
Q1 26
$457.7M
$359.4M
Q4 25
$370.7M
$517.4M
Q3 25
$310.1M
$418.7M
Q2 25
$492.4M
$378.2M
Q1 25
$457.7M
$382.8M
Q4 24
$278.0M
$506.3M
Q3 24
$166.2M
$395.7M
Q2 24
$143.5M
$369.4M
Free Cash Flow
AR
AR
ZBH
ZBH
Q1 26
$235.6M
$245.9M
Q4 25
$442.6M
Q3 25
$363.7M
Q2 25
$328.1M
Q1 25
$338.2M
Q4 24
$454.8M
Q3 24
$351.2M
Q2 24
$316.7M
FCF Margin
AR
AR
ZBH
ZBH
Q1 26
17.4%
11.8%
Q4 25
19.7%
Q3 25
18.2%
Q2 25
15.8%
Q1 25
17.7%
Q4 24
22.5%
Q3 24
19.3%
Q2 24
16.3%
Capex Intensity
AR
AR
ZBH
ZBH
Q1 26
Q4 25
3.3%
Q3 25
2.7%
Q2 25
2.4%
Q1 25
2.3%
Q4 24
2.5%
Q3 24
2.4%
Q2 24
2.7%
Cash Conversion
AR
AR
ZBH
ZBH
Q1 26
1.51×
Q4 25
1.83×
3.71×
Q3 25
3.62×
1.81×
Q2 25
2.96×
2.48×
Q1 25
2.09×
2.10×
Q4 24
1.75×
2.11×
Q3 24
1.59×
Q2 24
1.52×

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%

ZBH
ZBH

Segment breakdown not available.

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