On trailing earnings, TS is cheaper: AM trades at a 25.24 P/E and TS at 15.38.

Which has grown faster, AM or TS?

Over the past five years, TS grew revenue faster — AM at a 5.93% CAGR versus TS at 21.64%.

Does AM or TS pay a bigger dividend?

AM yields 4.15% and TS yields 3.11% based on trailing dividends and the latest price.

Is AM or TS more profitable?

AM runs the higher net margin — AM at 31.94% versus TS at 16.18%.

Which has been the better investment, AM or TS?

Over the past 5-year, AM delivered the higher annualized total return — AM at 25.43% versus TS at 10.91%. Past performance doesn't predict future results.

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

TS leads on 11 of 17 compared metrics.

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 June 19, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Antero Midstream Corporation

Total return — AM vs TS

growth of $100 · last 9y

AM -35.7%TS +83.6%TS compounded faster

AM TS

AM vs TS: by the numbers

•TS is the larger company ($30.70B vs $10.31B market cap).
•TS trades at the lower earnings multiple (15.38 vs 25.24 P/E).
•AM converts more revenue to profit (31.94% vs 16.18% net margin).
•TS grew revenue faster over the past five years (21.64% vs 5.93% CAGR).
•AM pays the higher dividend yield (4.15% vs 3.11%).

Which is better, AM or TS?

Metric tally: AM 6 · TS 11

It depends on what you're optimizing for:

ValueTS(lower P/E)

GrowthTS(faster 5Y revenue CAGR)

IncomeAM(higher dividend yield)

QualityTS(higher ROIC)

Metrics side by side

Valuation

Metric	AM	TS
P/E ratio	25.24	15.38●
Forward P/E	17.06	13.53●
P/S ratio	8.07	2.45●
P/B ratio	5.36	1.74●
PEG ratio	5.69	0.78●
EV / EBITDA	14.53	9.47●
FCF yield	8.83%●	6.30%

Profitability

Metric	AM	TS
Gross margin	64.52%●	34.29%
Operating margin	57.56%●	19.10%
Net margin	31.94%●	16.18%
ROE	21.21%●	11.50%
ROIC	8.18%	10.12%●

Dividends

Metric	AM	TS
Dividend yield	4.15%●	3.11%
Payout ratio	104.65%	47.85%

Growth (annualized)

Metric	AM	TS
Revenue CAGR (5Y)	5.93%	21.64%●
EPS CAGR (5Y)	-13.48%	19.77%●
FCF CAGR (5Y)	7.24%	15.66%●
Total return CAGR (5Y)	25.43%	26.13%●

Frequently asked

Which is better, AM or TS?: It depends on your goal. value: TS (lower P/E); growth: TS (faster 5Y revenue CAGR); income: AM (higher dividend yield); quality: TS (higher ROIC). Across all compared metrics, TS leads 11 to 6.
Is AM or TS cheaper?: On trailing earnings, TS is cheaper: AM trades at a 25.24 P/E and TS at 15.38.
Which has grown faster, AM or TS?: Over the past five years, TS grew revenue faster — AM at a 5.93% CAGR versus TS at 21.64%.
Does AM or TS pay a bigger dividend?: AM yields 4.15% and TS yields 3.11% based on trailing dividends and the latest price.
Is AM or TS more profitable?: AM runs the higher net margin — AM at 31.94% versus TS at 16.18%.
Which has been the better investment, AM or TS?: Over the past 5-year, AM delivered the higher annualized total return — AM at 25.43% versus TS at 10.91%. Past performance doesn't predict future results.

Go deeper

Full AM analysis Full TS analysis Interactive comparison tool

Dig into the metrics

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

Antero Midstream & Tenaris 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 19, 2026.