Antero Midstream Corporation (AM) vs Phillips 66 (PSX)
AM leads on 9 of 17 compared metrics, though PSX is the cheaper stock.
A side-by-side comparison of Antero Midstream Corporation and Phillips 66 across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 14, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
Total return — AM vs PSX
growth of $100 · last 9yAM -35.8%PSX +125.5%PSX compounded faster
AM PSX
AM vs PSX: by the numbers
- •PSX is the larger company ($71.95B vs $10.29B market cap).
- •PSX trades at the lower earnings multiple (17.68 vs 25.20 P/E).
- •AM converts more revenue to profit (31.94% vs 3.04% net margin).
- •PSX grew revenue faster over the past five years (15.79% vs 5.93% CAGR).
- •AM pays the higher dividend yield (4.15% vs 2.75%).
Which is better, AM or PSX?
Metric tally: AM 9 · PSX 8It depends on what you're optimizing for:
ValuePSX(lower P/E)
GrowthPSX(faster 5Y revenue CAGR)
IncomeAM(higher dividend yield)
QualityAM(higher ROIC)
Valuation
| Metric | AM | PSX |
|---|---|---|
| P/E ratio | 25.20 | 17.68● |
| Forward P/E | 17.03 | 10.53● |
| P/S ratio | 8.06 | 0.53● |
| P/B ratio | 5.35 | 2.54● |
| PEG ratio | 5.69 | 0.10● |
| EV / EBITDA | 14.51 | 10.27● |
| FCF yield | 8.84%● | 0.16% |
Profitability
| Metric | AM | PSX |
|---|---|---|
| Gross margin | 64.52%● | 7.04% |
| Operating margin | 57.56%● | 4.67% |
| Net margin | 31.94%● | 3.04% |
| ROE | 21.21%● | 14.45% |
| ROIC | 8.18%● | 4.75% |
Dividends
| Metric | AM | PSX |
|---|---|---|
| Dividend yield | 4.15%● | 2.75% |
| Payout ratio | 104.65% | 45.57% |
Growth (annualized)
| Metric | AM | PSX |
|---|---|---|
| Revenue CAGR (5Y) | 5.93% | 15.79%● |
| EPS CAGR (5Y) | -13.48% | 8.08%● |
| FCF CAGR (5Y) | 7.24%● | -16.26% |
| Total return CAGR (5Y) | 24.03%● | 18.98% |
Frequently asked
- Which is better, AM or PSX?
- It depends on your goal. value: PSX (lower P/E); growth: PSX (faster 5Y revenue CAGR); income: AM (higher dividend yield); quality: AM (higher ROIC). Across all compared metrics, AM leads 9 to 8.
- Is AM or PSX cheaper?
- On trailing earnings, PSX is cheaper: AM trades at a 25.20 P/E and PSX at 17.68.
- Which has grown faster, AM or PSX?
- Over the past five years, PSX grew revenue faster — AM at a 5.93% CAGR versus PSX at 15.79%.
- Does AM or PSX pay a bigger dividend?
- AM yields 4.15% and PSX yields 2.75% based on trailing dividends and the latest price.
- Is AM or PSX more profitable?
- AM runs the higher net margin — AM at 31.94% versus PSX at 3.04%.
- Which has been the better investment, AM or PSX?
- Over the past 5-year, AM delivered the higher annualized total return — AM at 24.03% versus PSX at 12.55%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Antero Midstream P/E ratioPhillips 66 P/E ratioAntero Midstream dividend yieldPhillips 66 dividend yieldAntero Midstream ROEPhillips 66 ROEAntero Midstream operating marginPhillips 66 operating marginAntero Midstream revenue growthPhillips 66 revenue growthAntero Midstream free cash flowPhillips 66 free cash flow
Antero Midstream & Phillips 66 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 June 14, 2026.