Antero Midstream Corporation (AM) vs Valero Energy Corporation (VLO)
VLO leads on 10 of 17 compared metrics.
A side-by-side comparison of Antero Midstream Corporation and Valero Energy 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).
Total return — AM vs VLO
growth of $100 · last 9yAM -35.8%VLO +298.6%VLO compounded faster
Log scale — wide-divergence pair
AM VLO
AM vs VLO: by the numbers
- •VLO is the larger company ($76.81B vs $10.29B market cap).
- •VLO trades at the lower earnings multiple (18.79 vs 25.20 P/E).
- •AM converts more revenue to profit (31.94% vs 3.33% net margin).
- •VLO grew revenue faster over the past five years (14.68% vs 5.93% CAGR).
- •AM pays the higher dividend yield (4.15% vs 1.80%).
Which is better, AM or VLO?
Metric tally: AM 7 · VLO 10It depends on what you're optimizing for:
ValueVLO(lower P/E)
GrowthVLO(faster 5Y revenue CAGR)
IncomeAM(higher dividend yield)
QualityAM(higher ROIC)
Valuation
| Metric | AM | VLO |
|---|---|---|
| P/E ratio | 25.20 | 18.79● |
| Forward P/E | 17.03 | 12.45● |
| P/S ratio | 8.06 | 0.61● |
| P/B ratio | 5.35 | 3.23● |
| PEG ratio | 5.69 | 4.28● |
| EV / EBITDA | 14.51 | 9.10● |
| FCF yield | 8.84%● | 7.69% |
Profitability
| Metric | AM | VLO |
|---|---|---|
| Gross margin | 64.52%● | 7.24% |
| Operating margin | 57.56%● | 4.61% |
| Net margin | 31.94%● | 3.33% |
| ROE | 21.21%● | 17.62% |
| ROIC | 8.18%● | 7.12% |
Dividends
| Metric | AM | VLO |
|---|---|---|
| Dividend yield | 4.15%● | 1.80% |
| Payout ratio | 104.65% | 61.56% |
Growth (annualized)
| Metric | AM | VLO |
|---|---|---|
| Revenue CAGR (5Y) | 5.93% | 14.68%● |
| EPS CAGR (5Y) | -13.48% | 4.39%● |
| FCF CAGR (5Y) | 7.24% | 67.44%● |
| Total return CAGR (5Y) | 24.03% | 30.36%● |
Frequently asked
- Which is better, AM or VLO?
- It depends on your goal. value: VLO (lower P/E); growth: VLO (faster 5Y revenue CAGR); income: AM (higher dividend yield); quality: AM (higher ROIC). Across all compared metrics, VLO leads 10 to 7.
- Is AM or VLO cheaper?
- On trailing earnings, VLO is cheaper: AM trades at a 25.20 P/E and VLO at 18.79.
- Which has grown faster, AM or VLO?
- Over the past five years, VLO grew revenue faster — AM at a 5.93% CAGR versus VLO at 14.68%.
- Does AM or VLO pay a bigger dividend?
- AM yields 4.15% and VLO yields 1.80% based on trailing dividends and the latest price.
- Is AM or VLO more profitable?
- AM runs the higher net margin — AM at 31.94% versus VLO at 3.33%.
- Which has been the better investment, AM or VLO?
- Over the past 5-year, AM delivered the higher annualized total return — AM at 24.03% versus VLO at 21.79%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Antero Midstream P/E ratioValero Energy P/E ratioAntero Midstream dividend yieldValero Energy dividend yieldAntero Midstream ROEValero Energy ROEAntero Midstream operating marginValero Energy operating marginAntero Midstream revenue growthValero Energy revenue growthAntero Midstream free cash flowValero Energy free cash flow
Antero Midstream & Valero Energy 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.