Antero Midstream Corporation (AM) vs Tenaris S.A. (TS)

A side-by-side comparison of Antero Midstream Corporation and Tenaris S.A. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 19, 2026. Differences are shown without an overall score or investment verdict.

Compare

Total returnAM vs TS

growth of $100 · dividends reinvested · last 9y
AM +47.2% (+4.4%/yr)TS +135.5% (+10.0%/yr)TS compounded faster over this window
0100200Start $1002019202120232025$147$236
AM TS

AM vs TS: by the numbers

  • TS is the larger company ($28.49B vs $10.64B market cap).
  • TS trades at the lower trailing earnings multiple (14.51 vs 26.69 P/E), one valuation lens rather than an overall verdict.
  • AM converts more revenue to profit (30.45% vs 15.89% net margin).
  • TS grew revenue faster over the past five years (19.93% vs 6.09% CAGR).
  • AM pays the higher dividend yield (4.01% vs 1.09%).

Metrics side by side

Valuation

MetricAMTS
P/E ratio26.6914.51
Forward P/E20.1913.98
P/S ratio8.152.23
P/B ratio5.501.58
EV / EBITDA14.989.34
FCF yield9.16%6.47%

Profitability

MetricAMTS
Gross margin62.92%33.90%
Operating margin56.05%18.55%
Net margin30.45%15.89%
ROE20.55%11.27%
ROIC8.64%9.66%

Dividends

MetricAMTS
Dividend yield4.01%1.09%
Payout ratio104.65%15.59%

Growth (annualized)

MetricAMTS
Revenue CAGR (5Y)6.09%19.93%
EPS CAGR (5Y)N/A19.77%
FCF CAGR (5Y)9.87%34.13%
Total return CAGR (5Y)29.36%26.92%

Frequently asked

Which has the lower trailing P/E, AM or TS?
TS has the lower trailing P/E: AM trades at 26.69 and TS at 14.51. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, AM or TS?
Over the past five years, TS grew revenue faster — AM at a 6.09% CAGR versus TS at 19.93%.
Does AM or TS pay a bigger dividend?
AM yields 4.01% and TS yields 1.09% based on trailing dividends and the latest price.
Is AM or TS more profitable?
AM runs the higher net margin — AM at 30.45% versus TS at 15.89%.
How have AM and TS total returns compared?
Over the past 5 years, AM delivered 29.36% and TS delivered 9.79% annualized total return. Past performance doesn't predict future results.

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 19, 2026.