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Antero ResourcesFRA:7A6 +0.30%74 Gross Margin % is 39.82% as of Mar. 2026, which is 119% above its 10-year median of 18.21. GuruFocus rates FRA:7A6 with a GF Score™ of 74/100 and a GF Value™ of €37.39 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 868 Oil & Gas companies, Antero Resources ranks better than 50% on this metric.
The historical rank and industry rank for Antero Resources's Gross Margin % or its related term are showing as below:
FRA:7A6'
s Gross Margin % Range Over the Past 10 Years
Min: -16.68 Med: 18.21 Max: 55.33
Current: 26.04
During the past 13 years, the highestGross Margin % of Antero Resources was 55.33%. The lowest was -16.68%. And the median was 18.21%.
FRA:7A6's Gross Margin % is ranked better than 50% of 868
companies
in the Oil & Gas industry
Industry Median: 25.955
vs FRA:7A6: 26.04
Antero Resources had a gross margin of 39.82% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Antero Resources was 0.00% per year.
Antero Resources (FRA:7A6) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Antero Resources had a gross margin of 39.82% for the quarter that ended in Mar. 2026 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Antero Resources Gross Margin % Related Terms
Antero Resources Gross Margin % Historical Data
* Premium members only.
The historical data trend for Antero Resources's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:7A6 vs APA, RRC, OVV: Gross Margin % Comparison
For the Oil & Gas E&P subindustry, Antero Resources's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Antero Resources Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Antero Resources's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Antero Resources's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Antero Resources (FRA:7A6) has a Gross Margin % of 39.82% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Antero Resources and its competitors. This is 119% above median its historical median of 18.21. According to the industry distribution chart, Antero Resources ranks #434 out of 868 companies in the Oil & Gas industry, placing it in the top 50%.
Is Antero Resources' Gross Margin % too high?
Antero Resources' current Gross Margin % of 39.82% is 119% above median its 10-year median of 18.21. The Oil & Gas industry median Gross Margin % is 25.96. Antero Resources' value of 39.82% is 53.4% above this industry median. Based on the distribution chart, Antero Resources ranks #434 out of 868 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Antero Resources has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Antero Resources' Gross Margin % compare to APA and RRC?
According to the Oil & Gas industry distribution chart, Antero Resources ranks #434 out of 868 companies for Gross Margin %. This puts Antero Resources in the upper half of its industry. The industry median Gross Margin % is 25.96. Antero Resources' value of 39.82% is 53.4% above this benchmark. While the company's 10-year median is 18.21 vs. the industry median of 25.96, Antero Resources has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Oil & Gas company?
The median Gross Margin % among Oil & Gas companies is 25.96, based on 868 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Antero Resources's current Gross Margin % of 39.82% is 53.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Antero Resources and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Antero Resources's current Gross Margin % is 39.82%, which is 119% above median its own 10-year median of 18.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Antero Resources stock overvalued right now?
Based on GuruFocus' analysis, Antero Resources (FRA:7A6) is currently considered Modestly Undervalued. The stock's GF Value™ is €37.39, compared to a current price of €30.22 — trading 19.2% below its estimated fair value. The current Gross Margin % is 39.82%, which is 119% above median its 10-year median of 18.21 and 53.4% above the Oil & Gas industry median of 25.96. Antero Resources' overall GF Score™ is 74/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Antero Resources (FRA:7A6), the current Gross Margin % is 39.82% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Antero Resources (FRA:7A6) Overvalued in 2026?
Based on GuruFocus' analysis, Antero Resources stock appears to be undervalued.
The current stock price of €30.22 is trading 19.2% below its estimated GF Value™ of €37.39.
GuruFocus considers Antero Resources to be Modestly Undervalued.
Key valuation signals for FRA:7A6:
Gross Margin %: 39.82% (119% above median its 10-year median of 18.21)
GF Value™: €37.39 vs. price of €30.22 (19.2% below fair value)
Industry Position: 53.4% above the Oil & Gas median (#434 of 868)
No single metric tells the full story. See the FRA:7A6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Antero Resources is an exploration and production firm whose operations represent a pure play in the Marcellus Shale, located in northern West Virginia. The company started in 2002 as an E&P focused on the Barnett Shale (Fort Worth, Texas). Antero redefined itself in Appalachia's Marcellus Shale in 2005. In 2012, shortly before Antero's 2013 IPO, Antero Midstream Partners was formed to handle the company's rapidly growing gas volumes. In 2026, the firm narrowed its focus further by selling its Ohio Utica assets and using the proceeds to acquire additional Marcellus acreage from HG Energy. Just over half of its production and earning power is tied to natural gas, with the remainder mostly NGLs, where it holds a leading position, and some crude oil.
74GF Score
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