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Archrock vs Antero Midstream: AROC and AM compared
Archrock is the larger company: $371M of revenue in its latest quarter (Q3 2026) against $327M for Antero Midstream (Q3 2026). Antero Midstream is growing faster (+11% against -3% a year earlier). Antero Midstream is more profitable, with an operating margin of 170.4% against 30.0%.
Where the money goes: AROC and AM
Archrock (AROC) · Q3 2026
Archrock, Q3 2026: revenue $371M (-3% year over year), operating margin 30.0%, net earnings $84.5M, operating cash flow $159M. The chart follows the revenue to costs, profit and cash.
Antero Midstream (AM) · Q3 2026
Antero Midstream, Q3 2026: revenue $327M (+11% year over year), operating margin 170.4%, net earnings $393M, operating cash flow $600M. The chart follows the revenue to costs, profit and cash.
| Archrock (AROC) | Antero Midstream (AM) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $371M | $327M |
| Revenue growth, Y/Y | -3% | +11% |
| Gross margin | 47.4% | — |
| Operating margin | 30.0% | 170.4% |
| Net earnings | $84.5M | $393M |
| Net margin | 22.8% | 120.1% |
| Operating cash flow | $159M | $600M |
| Free cash flow | $49.6M | $556M |
| Market value | $4.8B | $10.2B |
| P/E | 14.2× | 15.1× |
| Analysts’ mean target | $42.38 | $24.00 |
Where the revenue comes from
Archrock
- Contract operations: $331M (89%)
- Aftermarket services: $39.7M (11%)
Questions
Which is bigger, Archrock or Antero Midstream?
Archrock is the larger company: $371M of revenue in its latest quarter (Q3 2026) against $327M for Antero Midstream (Q3 2026).
Is Archrock or Antero Midstream growing faster?
Antero Midstream is growing faster (+11% against -3% a year earlier).
Which is more profitable, Archrock or Antero Midstream?
Antero Midstream is more profitable, with an operating margin of 170.4% against 30.0%.
More: Archrock earnings · how Archrock makes money · Antero Midstream earnings · how Antero Midstream makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.