Antero Midstream Corporation (AM) vs Dorchester Minerals, L.P. (DMLP)
A side-by-side comparison of Antero Midstream Corporation and Dorchester Minerals, L.P. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 23, 2026. Differences are shown without an overall score or investment verdict.
AM
Antero Midstream Corporation
$22.14EnergyAt close: Aug 21, 2026, 4:00 PM ET
DMLP
Dorchester Minerals, L.P.
$29.02EnergyAt close: Aug 21, 2026, 4:00 PM ET
Total return — AM vs DMLP
growth of $100 · dividends reinvested · last 9yAM +45.4% (+4.2%/yr)DMLP +372.7% (+18.8%/yr)DMLP compounded faster over this window
AM DMLP
AM vs DMLP: by the numbers
- •AM is the larger company ($10.51B vs $1.40B market cap).
- •DMLP trades at the lower trailing earnings multiple (16.03 vs 26.36 P/E), one valuation lens rather than an overall verdict.
- •DMLP converts more revenue to profit (45.68% vs 30.45% net margin).
- •DMLP grew revenue faster over the past five years (24.68% vs 6.09% CAGR).
- •DMLP pays the higher dividend yield (11.00% vs 4.07%).
Metrics side by side
Valuation
| Metric | AM | DMLP |
|---|---|---|
| P/E ratio | 26.36 | 16.03 |
| Forward P/E | 20.29 | N/A |
| P/S ratio | 8.05 | 7.29 |
| P/B ratio | 5.43 | 4.61 |
| EV / EBITDA | 14.84 | 7.57 |
| FCF yield | 9.28% | 11.19% |
Profitability
| Metric | AM | DMLP |
|---|---|---|
| Gross margin | 62.92% | 46.24% |
| Operating margin | 56.05% | 37.53% |
| Net margin | 30.45% | 45.68% |
| ROE | 20.55% | 28.92% |
| ROIC | 8.64% | 34.01% |
Dividends
| Metric | AM | DMLP |
|---|---|---|
| Dividend yield | 4.07% | 11.00% |
| Payout ratio | 104.65% | 266.13% |
Growth (annualized)
| Metric | AM | DMLP |
|---|---|---|
| Revenue CAGR (5Y) | 6.09% | 24.68% |
| EPS CAGR (5Y) | N/A | 14.49% |
| FCF CAGR (5Y) | 9.87% | 30.63% |
| Total return CAGR (5Y) | 28.47% | 26.35% |
Frequently asked
- Which has the lower trailing P/E, AM or DMLP?
- DMLP has the lower trailing P/E: AM trades at 26.36 and DMLP at 16.03. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, AM or DMLP?
- Over the past five years, DMLP grew revenue faster — AM at a 6.09% CAGR versus DMLP at 24.68%.
- Does AM or DMLP pay a bigger dividend?
- AM yields 4.07% and DMLP yields 11.00% based on trailing dividends and the latest price.
- Is AM or DMLP more profitable?
- DMLP runs the higher net margin — AM at 30.45% versus DMLP at 45.68%.
- How have AM and DMLP total returns compared?
- Over the past 5 years, AM delivered 28.47% and DMLP delivered 18.06% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Antero Midstream P/E ratioDorchester Minerals, L.P. P/E ratioAntero Midstream dividend yieldDorchester Minerals, L.P. dividend yieldAntero Midstream ROEDorchester Minerals, L.P. ROEAntero Midstream operating marginDorchester Minerals, L.P. operating marginAntero Midstream revenue growthDorchester Minerals, L.P. revenue growthAntero Midstream free cash flowDorchester Minerals, L.P. free cash flow
Antero Midstream & Dorchester Minerals, L.P. appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified August 23, 2026.