AM vs. BSM
Compare and contrast key facts about Antero Midstream Corporation (AM) and Black Stone Minerals, L.P. (BSM).
Performance
AM vs. BSM - Performance Comparison
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AM vs. BSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AM Antero Midstream Corporation | 29.72% | 24.37% | 28.46% | 25.73% | 21.98% | 39.55% | 27.59% | -60.29% | -22.28% | -2.32% |
BSM Black Stone Minerals, L.P. | 16.05% | 0.56% | 1.47% | 5.85% | 80.82% | 67.42% | -42.97% | -9.53% | -7.04% | 2.49% |
Fundamentals
AM:
$10.99B
BSM:
$3.21B
AM:
$0.86
BSM:
$1.38
AM:
26.61
BSM:
10.93
AM:
4.59
BSM:
0.31
AM:
8.73
BSM:
8.30
AM:
5.57
BSM:
3.87
AM:
$1.26B
BSM:
$395.04M
AM:
$822.21M
BSM:
$296.51M
AM:
$1.02B
BSM:
$323.06M
Returns By Period
In the year-to-date period, AM achieves a 29.72% return, which is significantly higher than BSM's 16.05% return. Over the past 10 years, AM has underperformed BSM with an annualized return of 9.54%, while BSM has yielded a comparatively higher 10.27% annualized return.
AM
- 1D
- -1.38%
- 1M
- 1.42%
- YTD
- 29.72%
- 6M
- 20.19%
- 1Y
- 33.32%
- 3Y*
- 37.98%
- 5Y*
- 29.24%
- 10Y*
- 9.54%
BSM
- 1D
- -0.92%
- 1M
- 0.13%
- YTD
- 16.05%
- 6M
- 20.08%
- 1Y
- 8.82%
- 3Y*
- 9.41%
- 5Y*
- 22.22%
- 10Y*
- 10.27%
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Return for Risk
AM vs. BSM — Risk / Return Rank
AM
BSM
AM vs. BSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Antero Midstream Corporation (AM) and Black Stone Minerals, L.P. (BSM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AM | BSM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.43 | 0.38 | +1.05 |
Sortino ratioReturn per unit of downside risk | 1.90 | 0.67 | +1.22 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.08 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 2.42 | 0.46 | +1.95 |
Martin ratioReturn relative to average drawdown | 5.81 | 0.93 | +4.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AM | BSM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 0.38 | +1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.09 | 0.84 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.33 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.22 | -0.07 |
Correlation
The correlation between AM and BSM is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
AM vs. BSM - Dividend Comparison
AM's dividend yield for the trailing twelve months is around 3.95%, less than BSM's 8.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AM Antero Midstream Corporation | 3.95% | 5.06% | 5.96% | 7.18% | 8.34% | 10.15% | 15.95% | 18.28% | 7.53% | 4.27% | 3.14% | 2.93% |
BSM Black Stone Minerals, L.P. | 8.43% | 10.16% | 10.96% | 11.90% | 9.13% | 8.23% | 10.18% | 11.64% | 8.61% | 6.69% | 5.86% | 2.94% |
Drawdowns
AM vs. BSM - Drawdown Comparison
The maximum AM drawdown since its inception was -93.01%, which is greater than BSM's maximum drawdown of -75.58%. Use the drawdown chart below to compare losses from any high point for AM and BSM.
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Drawdown Indicators
| AM | BSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.01% | -75.58% | -17.43% |
Max Drawdown (1Y)Largest decline over 1 year | -13.98% | -19.66% | +5.68% |
Max Drawdown (5Y)Largest decline over 5 years | -21.91% | -25.52% | +3.61% |
Max Drawdown (10Y)Largest decline over 10 years | -93.01% | -75.58% | -17.43% |
Current DrawdownCurrent decline from peak | -3.39% | -2.07% | -1.32% |
Average DrawdownAverage peak-to-trough decline | -31.81% | -16.53% | -15.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.82% | 9.76% | -3.94% |
Volatility
AM vs. BSM - Volatility Comparison
Antero Midstream Corporation (AM) and Black Stone Minerals, L.P. (BSM) have volatilities of 5.42% and 5.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AM | BSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 5.26% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 13.98% | 14.40% | -0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.44% | 23.57% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.97% | 26.82% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.17% | 31.68% | +10.49% |
Financials
AM vs. BSM - Financials Comparison
This section allows you to compare key financial metrics between Antero Midstream Corporation and Black Stone Minerals, L.P.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AM vs. BSM - Profitability Comparison
AM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Antero Midstream Corporation reported a gross profit of 209.19M and revenue of 314.67M. Therefore, the gross margin over that period was 66.5%.
BSM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Black Stone Minerals, L.P. reported a gross profit of 65.41M and revenue of 95.18M. Therefore, the gross margin over that period was 68.7%.
AM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Antero Midstream Corporation reported an operating income of 187.18M and revenue of 314.67M, resulting in an operating margin of 59.5%.
BSM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Black Stone Minerals, L.P. reported an operating income of 51.33M and revenue of 95.18M, resulting in an operating margin of 53.9%.
AM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Antero Midstream Corporation reported a net income of 51.93M and revenue of 314.67M, resulting in a net margin of 16.5%.
BSM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Black Stone Minerals, L.P. reported a net income of 72.23M and revenue of 95.18M, resulting in a net margin of 75.9%.