Is AM or TRNO cheaper?

On trailing earnings, TRNO is cheaper: AM trades at a 25.20 P/E and TRNO at 16.49.

Which has grown faster, AM or TRNO?

Over the past five years, TRNO grew revenue faster — AM at a 5.93% CAGR versus TRNO at 20.57%.

Does AM or TRNO pay a bigger dividend?

AM yields 4.15% and TRNO yields 3.05% based on trailing dividends and the latest price.

Is AM or TRNO more profitable?

TRNO runs the higher net margin — AM at 31.94% versus TRNO at 86.52%.

Which has been the better investment, AM or TRNO?

Over the past 5-year, AM delivered the higher annualized total return — AM at 24.03% versus TRNO at 13.47%. Past performance doesn't predict future results.

Antero Midstream Corporation (AM) vs Terreno Realty Corporation (TRNO)

AM and TRNO are evenly matched — 8 metrics each of 16.

A side-by-side comparison of Antero Midstream Corporation and Terreno Realty Corporation 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).

Antero Midstream Corporation

$10.29B

$21.67Energy

TRNO

Terreno Realty Corporation

$7.15B

$67.27Real Estate

Total return — AM vs TRNO

growth of $100 · last 9y

AM -35.8%TRNO +118.3%TRNO compounded faster

AM TRNO

AM vs TRNO: by the numbers

•AM is the larger company ($10.29B vs $7.15B market cap).
•TRNO trades at the lower earnings multiple (16.49 vs 25.20 P/E).
•TRNO converts more revenue to profit (86.52% vs 31.94% net margin).
•TRNO grew revenue faster over the past five years (20.57% vs 5.93% CAGR).
•AM pays the higher dividend yield (4.15% vs 3.05%).

Which is better, AM or TRNO?

Metric tally: AM 8 · TRNO 8

It depends on what you're optimizing for:

ValueTRNO(lower P/E)

GrowthTRNO(faster 5Y revenue CAGR)

IncomeAM(higher dividend yield)

QualityAM(higher ROIC)

Valuation

Metric	AM	TRNO
P/E ratio	25.20	16.49●
Forward P/E	17.03●	40.04
P/S ratio	8.06●	14.43
P/B ratio	5.35	1.65●
PEG ratio	5.69	0.14●
EV / EBITDA	14.51	13.82●
FCF yield	8.84%●	2.87%

Profitability

Metric	AM	TRNO
Gross margin	64.52%	63.89%
Operating margin	57.56%●	40.81%
Net margin	31.94%	86.52%●
ROE	21.21%●	9.88%
ROIC	8.18%●	3.66%

Dividends

Metric	AM	TRNO
Dividend yield	4.15%●	3.05%
Payout ratio	104.65%	52.16%

Growth (annualized)

Metric	AM	TRNO
Revenue CAGR (5Y)	5.93%	20.57%●
EPS CAGR (5Y)	-13.48%	35.52%●
FCF CAGR (5Y)	7.24%	22.41%●
Total return CAGR (5Y)	24.03%●	3.07%

Frequently asked

Which is better, AM or TRNO?: It depends on your goal. value: TRNO (lower P/E); growth: TRNO (faster 5Y revenue CAGR); income: AM (higher dividend yield); quality: AM (higher ROIC). Across all compared metrics, they are evenly matched.
Is AM or TRNO cheaper?: On trailing earnings, TRNO is cheaper: AM trades at a 25.20 P/E and TRNO at 16.49.
Which has grown faster, AM or TRNO?: Over the past five years, TRNO grew revenue faster — AM at a 5.93% CAGR versus TRNO at 20.57%.
Does AM or TRNO pay a bigger dividend?: AM yields 4.15% and TRNO yields 3.05% based on trailing dividends and the latest price.
Is AM or TRNO more profitable?: TRNO runs the higher net margin — AM at 31.94% versus TRNO at 86.52%.
Which has been the better investment, AM or TRNO?: Over the past 5-year, AM delivered the higher annualized total return — AM at 24.03% versus TRNO at 13.47%. Past performance doesn't predict future results.

Go deeper

Full AM analysis Full TRNO analysis Interactive comparison tool

Dig into the metrics

Antero Midstream P/E ratio Terreno Realty P/E ratio Antero Midstream dividend yield Terreno Realty dividend yield Antero Midstream ROE Terreno Realty ROE Antero Midstream operating margin Terreno Realty operating margin Antero Midstream revenue growth Terreno Realty revenue growth Antero Midstream free cash flow Terreno Realty free cash flow

Antero Midstream & Terreno Realty appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Highest Operating Margin Stocks Highest FCF Yield Stocks

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.