Antero Resources Corp (AR)
Profitability ratios
Return on sales
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 94.04% | 93.94% | 94.74% | 95.61% | 95.42% | 96.41% | 95.79% | 94.75% | 94.82% | 94.95% | 94.63% | 93.55% | 75.05% | 72.21% | 51.28% | 57.67% | 69.86% | 70.48% | 93.00% | 94.97% |
| Operating profit margin | 9.68% | 22.27% | 30.09% | 40.08% | 36.06% | 38.77% | 24.16% | -6.55% | 0.52% | -30.77% | -34.23% | -33.19% | -27.31% | -37.19% | -36.09% | -14.74% | -22.39% | -21.46% | 0.55% | -2.61% |
| Pretax margin | 6.81% | 19.11% | 26.55% | 36.50% | 32.88% | 35.47% | 20.93% | -10.76% | -5.65% | -37.70% | -39.30% | -36.55% | -47.70% | -74.91% | -72.17% | -45.44% | -9.40% | -1.72% | 21.05% | 17.28% |
| Net profit margin | 5.19% | 15.76% | 21.81% | 29.24% | 26.60% | 27.79% | 16.24% | -7.80% | -4.05% | -28.82% | -29.72% | -27.96% | -36.31% | -58.05% | -55.84% | -35.36% | -7.71% | 0.46% | 16.71% | 13.65% |
Antero Resources Corp has consistently maintained a high gross profit margin of 100% across all quarters, indicating efficient control over the cost of sales. However, its operating profit margin showed fluctuations, starting from 11.89% in Q4 2023 and gradually improving to 43.54% in Q1 2023 before declining to 26.58% in Q3 2023. This suggests varying levels of operational efficiency and cost management throughout the periods.
The pretax margin also displayed variability, starting from 8.92% in Q4 2023 and reaching a peak of 38.99% in Q1 2023. This ratio reflects the company's ability to control expenses and generate profits before taxes across different quarters. In terms of net profit margin, Antero Resources Corp saw a similar trend, with margins ranging from 5.19% in Q4 2023 to 29.23% in Q1 2023. This ratio indicates the company's overall profitability after accounting for all expenses and taxes.
Overall, Antero Resources Corp's profitability ratios demonstrate both strengths and areas for improvement, suggesting a need for consistent operational performance and cost control measures to enhance overall financial health.
Return on investment
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 3.33% | 9.04% | 14.23% | 22.42% | 18.23% | 20.03% | 10.06% | -1.99% | 0.17% | -8.07% | -9.01% | -8.63% | -7.25% | -8.73% | -10.17% | -4.76% | -6.49% | -5.99% | 0.14% | -0.63% |
| Return on assets (ROA) | 1.78% | 6.39% | 10.32% | 16.36% | 13.45% | 14.36% | 6.76% | -2.37% | -1.34% | -7.56% | -7.82% | -7.27% | -9.64% | -13.63% | -15.74% | -11.41% | -2.24% | 0.13% | 4.30% | 3.28% |
| Return on total capital | 5.32% | 14.65% | 23.56% | 37.82% | 32.42% | 39.10% | 18.85% | -3.70% | 0.30% | -15.12% | -14.81% | -13.28% | -10.87% | -13.21% | -14.48% | -6.71% | -9.20% | -8.67% | 0.20% | -0.92% |
| Return on equity (ROE) | 3.48% | 12.80% | 20.81% | 32.82% | 28.11% | 33.32% | 16.00% | -5.99% | -3.25% | -21.00% | -18.62% | -16.08% | -21.98% | -32.11% | -35.25% | -25.15% | -4.88% | 0.28% | 8.93% | 6.83% |
Antero Resources Corp's profitability ratios display fluctuations over the past eight quarters. Operating return on assets (Operating ROA) ranged from 4.09% in Q4 2023 to 24.36% in Q1 2023, indicating variability in the company's ability to generate profits from its assets. Return on assets (ROA) also showed variations, with values ranging from 1.78% in Q4 2023 to 16.36% in Q1 2023, reflecting the company's performance in generating profits relative to its total assets.
Return on total capital exhibited a similar trend, fluctuating from 7.50% in Q4 2023 to 40.98% in Q1 2023, showcasing Antero Resources Corp's ability to earn returns on all capital invested in the business. Return on equity (ROE) displayed a comparable pattern, with values bouncing between 3.48% in Q4 2023 and 32.82% in Q1 2023, illustrating the company's profitability concerning shareholders' equity.
Overall, the fluctuating nature of these profitability ratios suggests that Antero Resources Corp's financial performance has been volatile over the analyzed quarters, potentially due to changes in operating efficiency, asset utilization, and capital structure. Further analysis of the company's operational activities and financial strategies may be necessary to better understand the factors driving these fluctuations in profitability ratios.