AM vs. PEP

Last updated Apr 1, 2026

Compare and contrast key facts about Antero Midstream Corporation (AM) and PepsiCo, Inc. (PEP).

Performance

AM vs. PEP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Antero Midstream Corporation (AM) and PepsiCo, Inc. (PEP). The values are adjusted to include any dividend payments, if applicable.

AM vs. PEP - 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%
PEP PepsiCo, Inc.	9.17%	-1.85%	-7.60%	-3.29%	6.78%	20.56%	11.67%	27.38%	-4.81%	17.82%

Fundamentals

Market Cap AM : $10.99B PEP : $212.90B
EPS AM : $0.86 PEP : $6.00
PE Ratio AM : 26.61 PEP : 25.86
PEG Ratio AM : 4.59 PEP : 9.18
PS Ratio AM : 8.73 PEP : 2.27
PB Ratio AM : 5.57 PEP : 10.43
Total Revenue (TTM) AM : $1.26B PEP : $93.93B
Gross Profit (TTM) AM : $822.21M PEP : $50.86B
EBITDA (TTM) AM : $1.02B PEP : $14.39B

Returns By Period

In the year-to-date period, AM achieves a 29.72% return, which is significantly higher than PEP's 9.17% return. Over the past 10 years, AM has outperformed PEP with an annualized return of 9.54%, while PEP has yielded a comparatively lower 7.32% 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%

PEP

• 1D: -0.98%
• 1M: -7.70%
• YTD: 9.17%
• 6M: 12.65%
• 1Y: 7.72%
• 3Y*: -1.95%
• 5Y*: 5.12%
• 10Y*: 7.32%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

AM vs. PEP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AM

AM Risk / Return Rank: 80
AM Sharpe Ratio Rank: 84
AM Sortino Ratio Rank: 77
AM Omega Ratio Rank: 78
AM Calmar Ratio Rank: 82
AM Martin Ratio Rank: 80

PEP

PEP Risk / Return Rank: 52
PEP Sharpe Ratio Rank: 55
PEP Sortino Ratio Rank: 48
PEP Omega Ratio Rank: 45
PEP Calmar Ratio Rank: 55
PEP Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AM vs. PEP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Antero Midstream Corporation (AM) and PepsiCo, Inc. (PEP). 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	PEP	Difference
Sharpe ratio Return per unit of total volatility	1.43	0.35	+1.08
Sortino ratio Return per unit of downside risk	1.90	0.70	+1.20
Omega ratio Gain probability vs. loss probability	1.27	1.08	+0.19
Calmar ratio Return relative to maximum drawdown	2.42	0.54	+1.87
Martin ratio Return relative to average drawdown	5.81	1.11	+4.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AM vs. PEP - Sharpe Ratio Comparison

The current AM Sharpe Ratio is 1.43, which is higher than the PEP Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of AM and PEP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AM	PEP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.43	0.35	+1.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.09	0.28	+0.81
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.23	0.38	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.39	-0.24

Correlation

The correlation between AM and PEP is 0.08, 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. PEP - Dividend Comparison

AM's dividend yield for the trailing twelve months is around 3.95%, more than PEP's 3.66% 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%
PEP PepsiCo, Inc.	3.66%	3.92%	3.51%	2.91%	2.50%	2.45%	2.71%	2.77%	3.25%	2.64%	2.83%	2.76%

Drawdowns

AM vs. PEP - Drawdown Comparison

The maximum AM drawdown since its inception was -93.01%, which is greater than PEP's maximum drawdown of -73.92%. Use the drawdown chart below to compare losses from any high point for AM and PEP.

Drawdown Indicators

	AM	PEP	Difference
Max Drawdown Largest peak-to-trough decline	-93.01%	-73.92%	-19.09%
Max Drawdown (1Y) Largest decline over 1 year	-13.98%	-15.14%	+1.16%
Max Drawdown (5Y) Largest decline over 5 years	-21.91%	-30.32%	+8.41%
Max Drawdown (10Y) Largest decline over 10 years	-93.01%	-30.32%	-62.69%
Current Drawdown Current decline from peak	-3.39%	-12.39%	+9.00%
Average Drawdown Average peak-to-trough decline	-31.81%	-13.64%	-18.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.82%	7.37%	-1.55%

Volatility

AM vs. PEP - Volatility Comparison

Antero Midstream Corporation (AM) and PepsiCo, Inc. (PEP) have volatilities of 5.42% and 5.35%, 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.

Volatility by Period

	AM	PEP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.42%	5.35%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	13.98%	14.83%	-0.85%
Volatility (1Y) Calculated over the trailing 1-year period	23.44%	22.46%	+0.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.97%	18.11%	+8.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.17%	19.55%	+22.62%

Financials

AM vs. PEP - Profitability Comparison

The chart below illustrates the profitability comparison between Antero Midstream Corporation and PepsiCo, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

PEP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, PepsiCo, Inc. reported a gross profit of 15.62B and revenue of 29.34B. Therefore, the gross margin over that period was 53.2%.

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%.

PEP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, PepsiCo, Inc. reported an operating income of 3.56B and revenue of 29.34B, resulting in an operating margin of 12.1%.

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%.

PEP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, PepsiCo, Inc. reported a net income of 2.54B and revenue of 29.34B, resulting in a net margin of 8.7%.