Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
The historical rank and industry rank for Antero Resources's Net Margin % or its related term are showing as below:
AR'
s Net Margin % Range Over the Past 10 Years
Min: -48.36 Med: -0.92 Max: 22.55
Current: 17.54
AR's Net Margin % is ranked better than 79.93% of 917
companies
in the Oil & Gas industry
Industry Median: 3.5
vs AR: 17.54
Antero Resources (NYSE:AR) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Antero Resources Net Margin % Related Terms
Antero Resources Net Margin % Historical Data
* Premium members only.
The historical data trend for Antero Resources's Net 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.
For the Oil & Gas E&P subindustry, Antero Resources's Net Margin %, along with its competitors' market caps and Net 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 Net Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Antero Resources's Net Margin % distribution charts can be found below:
* The bar in red indicates where Antero Resources's Net 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.
Antero Resources (AR) has a Net Margin % of 28.73% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Antero Resources and its competitors. According to the industry distribution chart, Antero Resources ranks #184 out of 917 companies in the Oil & Gas industry, placing it in the top 20.1%.
Is Antero Resources' Net Margin % too high?
Antero Resources' current Net Margin % is 28.73%. The Oil & Gas industry median Net Margin % is 3.50. Antero Resources' value of 28.73% is 720.9% above this industry median. Based on the distribution chart, Antero Resources ranks #184 out of 917 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. 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' Net Margin % compare to APA and RRC?
According to the Oil & Gas industry distribution chart, Antero Resources ranks #184 out of 917 companies for Net Margin %. This places Antero Resources in the top 20% of its industry — outperforming the majority of peers. The industry median Net Margin % is 3.50. Antero Resources' value of 28.73% is 720.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Oil & Gas company?
The median Net Margin % among Oil & Gas companies is 3.50, based on 917 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Antero Resources's current Net Margin % of 28.73% is 720.9% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Antero Resources and its competitors. For the Oil & Gas industry, the median Net Margin % is 3.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Antero Resources's current Net Margin % is 28.73%. 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 (AR) is currently considered Modestly Undervalued. The stock's GF Value™ is $43.35, compared to a current price of $35.27 — trading 18.6% below its estimated fair value. The current Net Margin % is 28.73% and 720.9% above the Oil & Gas industry median of 3.50. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Antero Resources (AR), the current Net Margin % is 28.73% 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 (AR) Overvalued in 2026?
Based on GuruFocus' analysis, Antero Resources stock appears to be undervalued.
The current stock price of $35.27 is trading 18.6% below its estimated GF Value™ of $43.35.
GuruFocus considers Antero Resources to be Modestly Undervalued.
Key valuation signals for AR:
Net Margin %: 28.73%
GF Value™: $43.35 vs. price of $35.27 (18.6% below fair value)
Industry Position: 720.9% above the Oil & Gas median (#184 of 917)
No single metric tells the full story. See the AR 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
Get the complete analysis for AR
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
AR has been successfully added to your 
