Antero Midstream Partners LP (AM)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 371,786 | 326,242 | 331,617 | -122,527 | -355,114 |
| Revenue | US$ in thousands | 1,041,770 | 919,985 | 898,202 | 900,719 | 792,588 |
| Net profit margin | 35.69% | 35.46% | 36.92% | -13.60% | -44.80% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $371,786K ÷ $1,041,770K
= 35.69%
Net profit margin is a key financial ratio that indicates the percentage of revenue that translates into profit after all expenses have been deducted. Over the past five years, Antero Midstream Corp has shown varying levels of net profit margin:
- In 2023, the net profit margin was 33.37%, which indicates that the company generated approximately $0.33 in profit for every $1 of revenue.
- In 2022, the net profit margin was slightly lower at 32.88%.
- In 2021, the net profit margin was 34.17%, showing a slight improvement from the previous year.
- In 2020, the net profit margin was at a negative 12.67%, which suggests that the company incurred more expenses than it generated in revenue, resulting in a loss.
- In 2019, the net profit margin was significantly negative at -41.85%, indicating a substantial loss in that year.
Overall, the positive net profit margins from 2021 to 2023 show that the company improved its profitability during those years. However, the negative net profit margins in 2020 and 2019 indicate periods of financial challenges for Antero Midstream Corp. It is essential for the company to sustain and improve its profitability to ensure long-term viability and growth.
Peer comparison
Dec 31, 2023