COMPARE · Data as of August 27, 2026
AM vs PAGP
Verdict: Side-by-side breakdown using the Bull Rankings model. AM scored 50.2, PAGP scored 57.4 — PAGP leads.
Compare another set
AM
Antero Midstream Corporation
50.2
$22.53 · $10.7B
fundamentals as of
Score gap
7.2
PAGP leads
PAGP
Plains GP Holdings, L.P.
57.4
$28.03 · $6.5B
fundamentals as of
At a glance · who leads each dimension, on the model's own rules
- CheapestAM27.1x
- Fastest growthPAGP+12.2%
- Strongest balance sheetPAGP0.56
- Highest qualityAM73 / 100
- Largest discount to fair valuePAGP-85%
Side by side · every name on one set of axes
Growth against the P/E multiple. Up and to the right is cheaper and faster — the quality-growth idea in one picture. Points beyond the axis are pinned to the edge and marked off-scale rather than allowed to compress everything else.
The model, pillar by pillar (0–100 each)
AM
stronger →← stronger
PAGP
73
Qualityreturns · margins · balance sheet
59
50
Growthrevenue & earnings expansion
50
34
Valuevaluation vs sector peers
64
AM and PAGP split the three pillars evenly.
Fundamentals, head-to-head
AM
PAGP
$891mC+
FCF
$2.4bB
+6.9%C+
Rev
+12.2%B+
1.86C
D/E
0.56B
27.1xC
P/E
80.1xD
1.66C+
PEG
0.67A-
Winner per row is the stronger grade; where grades tie, the better figure breaks it. A true tie or a missing value shows no highlight.
Valuation · DCF cross-check
AM
PAGP
57% below
Price vs fair valuelower is cheaper
85% below
~-9%/yr
Growth the price implies10-yr FCF · lower = less priced in
decline
+95%
1-yr DCF upside
+492%
+132%
5-yr DCF upside
+584%
+202%
10-yr DCF upside
+741%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
AM
Why this score
- Cyclical growth
PAGP
Why this score
- Raising its dividend
- Cyclical growth
The companies
AMAntero Midstream Corporation
Why now
Oil & Gas Midstream · market cap $10.7b. 5% off the 52-week high of $23.84. 7 sell-side analysts rate this a Hold with a mean 1-yr target of $24.29 (implying +8% upside).
Moat
Net margin 32% is exceptional — pricing-power territory rare outside premium software, branded staples, and specialty pharma. ROE 21% sits above Buffett's preferred 15% threshold — the equity base is compounding at a rate the market struggles to discount accurately. Free cash flow runs well ahead of reported net income — non-cash charges (depreciation, intangible amortization) are holding down GAAP earnings while cash generation stays strong.
Risk
Jurisdictional + permitting risk — mining and extraction operations concentrate exposure to political stability, royalty regimes, and environmental review timelines that can stall production for years.
PAGPPlains GP Holdings, L.P.
Why now
Oil & Gas Midstream · market cap $6.5b. Trading near 52-week high of $28.28 — momentum setup, limited technical margin of safety. Revenue growing +12%, comfortably above the S&P median. PEG 0.67 — paying under fair value for the growth rate. 14 sell-side analysts rate this a Buy with a mean 1-yr target of $24.93 (implying -11% upside).
Moat
Free cash flow runs well ahead of reported net income — non-cash charges (depreciation, intangible amortization) are holding down GAAP earnings while cash generation stays strong.
Risk
Trailing P/E 80.1x prices in sustained high growth — any quarter that disappoints triggers sharp re-rating. Trading within 1% of the 52-week high — limited technical margin of safety; a momentum reversal would test conviction. Dividend payout 456% of earnings on a 5.8% yield — distribution coverage is thin; one earnings stumble could force a dividend cut.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.
Where AM and PAGP diverge
On the headline score the gap is 7.2 points in favor of PAGP. They get there differently, though — each leads on a different pillar, so the better pick depends on which you weight.
- ValueAM 34.4 · PAGP 64.2PAGP +29.8
- QualityAM 73.4 · PAGP 58.8AM +14.6
- GrowthAM 50.0 · PAGP 50.0level
Pillars run 0–100 against sector peers, so a score is a statement about a company relative to its own industry rather than to the other name here. A wide Value gap usually means the market already prices the difference in quality or growth — which is the trade-off this comparison comes down to.