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Antero ResourcesFRA:7A6 -0.03%74 Operating Margin % is 35.51% as of Mar. 2026, which is 291% above its 10-year median of 9.08. GuruFocus rates FRA:7A6 with a GF Score™ of 74/100 and a GF Value™ of €39.12 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 916 Oil & Gas companies, Antero Resources ranks better than 74.02% on this metric.
Antero Resources Corp has recorded a loss in operating income at least once over the past 3 years.
Antero Resources (FRA:7A6) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Antero Resources Operating Margin % Related Terms
Antero Resources Operating Margin % Historical Data
* Premium members only.
The historical data trend for Antero Resources's Operating 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: Operating Margin % Comparison
For the Oil & Gas E&P subindustry, Antero Resources's Operating Margin %, along with its competitors' market caps and Operating 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 Operating Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Antero Resources's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Antero Resources's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Antero Resources's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (FRA:7A6) has a Operating Margin % of 35.51% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Antero Resources and its competitors. This is 291% above median its historical median of 9.08. According to the industry distribution chart, Antero Resources ranks #238 out of 916 companies in the Oil & Gas industry, placing it in the top 26%.
Is Antero Resources' Operating Margin % too high?
Antero Resources' current Operating Margin % of 35.51% is 291% above median its 10-year median of 9.08. The Oil & Gas industry median Operating Margin % is 6.91. Antero Resources' value of 35.51% is 414.3% above this industry median. Based on the distribution chart, Antero Resources ranks #238 out of 916 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' Operating Margin % compare to APA and RRC?
According to the Oil & Gas industry distribution chart, Antero Resources ranks #238 out of 916 companies for Operating Margin %. This puts Antero Resources in the upper half of its industry. The industry median Operating Margin % is 6.91. Antero Resources' value of 35.51% is 414.3% above this benchmark. While the company's 10-year median is 9.08 vs. the industry median of 6.91, 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 Operating Margin % for an Oil & Gas company?
The median Operating Margin % among Oil & Gas companies is 6.91, based on 916 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Antero Resources's current Operating Margin % of 35.51% is 414.3% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Antero Resources and its competitors. For the Oil & Gas industry, the median Operating Margin % is 6.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Antero Resources's current Operating Margin % is 35.51%, which is 291% above median its own 10-year median of 9.08. 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 €39.12, compared to a current price of €30.21 — trading 22.8% below its estimated fair value. The current Operating Margin % is 35.51%, which is 291% above median its 10-year median of 9.08 and 414.3% above the Oil & Gas industry median of 6.91. 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 Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Antero Resources (FRA:7A6), the current Operating Margin % is 35.51% 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 €30.21 is trading 22.8% below its estimated GF Value™ of €39.12.
GuruFocus considers Antero Resources to be Modestly Undervalued.
Key valuation signals for FRA:7A6:
Operating Margin %: 35.51% (291% above median its 10-year median of 9.08)
GF Value™: €39.12 vs. price of €30.21 (22.8% below fair value)
Industry Position: 414.3% above the Oil & Gas median (#238 of 916)
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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