Which is better, AM or WES?

On the Buffett-Fit framework, Western Midstream Partners, LP (WES) currently grades higher than AM — 68/100 (B grade) vs 67/100 (B). That said, "better" depends on which framework you trust — AM wins on Benjamin Graham, Peter Lynch, and Joel Greenblatt; WES wins on Warren Buffett, Philip Fisher, Charlie Munger, and Terry Smith. The full pillar breakdown is on this page.

Should I buy AM or WES?

This page is an educational comparison, not investment advice. Both AM and WES are graded against the same Buffett 5-pillar framework (moat, earnings durability, management quality, financial health, valuation) plus six other documented investor frameworks. Read the side-by-side breakdown to see which one matches the criteria you care about most — and always do your own research before making any investment decision.

Is AM better than WES for value investing?

The two are close on the headline Buffett-Fit score (67/100 vs 68/100), so "better for value investing" depends on which pillar you weight most. The five Buffett pillars + six other frameworks are broken down side-by-side on this page so you can pick the one that fits your style.

What's the difference between AM and WES on Warren Buffett's framework?

Both stocks are evaluated on the same five pillars: economic moat (durable competitive advantage), earnings durability (consistent profitability), management quality (capital allocation), financial health (conservative balance sheet), and valuation (margin of safety). AM currently scores 67/100 (B grade); WES scores 68/100 (B grade). The "Where each wins" section on this page breaks down which pillar each stock dominates.

Which has the stronger moat, AM or WES?

Moat strength is one of the five pillars in the Buffett-Fit score on this page. AM and WES are each scored on ROIC sustainability, gross-margin durability, and qualitative signals like brand strength, switching costs, network effects, and regulatory barriers. The pillar breakdown on this page shows the moat sub-score side-by-side so you can see which one has the more durable competitive advantage.

Which is more undervalued, AM or WES?

Valuation is one of the five Buffett-Fit pillars on this page. Both stocks are scored on owner-earnings yield, price-to-intrinsic-value vs the underlying compounding rate, and the margin of safety relative to a conservative DCF. The valuation sub-score in the table below tells you which one currently trades at a more attractive price relative to its underlying business quality.

Are AM and WES both Energy stocks?

Yes — both Antero Midstream Corporation (AM) and Western Midstream Partners, LP (WES) operate in the Energy sector. That makes this a direct sector-peer comparison, which is the apples-to-apples way to use the Buffett-Fit framework: the score weighs each stock against its sector's specific quality and valuation benchmarks (sector-relative bonus), so the cross-stock comparison isn't distorted by inter-sector base-rate differences.

Is this AM vs WES comparison investment advice?

No. This page is an educational pattern-match against documented public frameworks (Buffett, Graham, Fisher, Lynch, Greenblatt, Munger, Smith), not personalised investment advice. The scores reflect how closely each stock matches each framework's documented criteria — they are not buy/hold/sell recommendations. Always do your own research and consult a licensed financial adviser for personalised advice.

Stock comparison

Antero Midstream

Western Midstream Partners, LP

Scored across Buffett, Graham, Lynch and Greenblatt - plus a side-by-side metric table covering valuation, quality, growth and balance sheet.

Antero Midstream

Market cap

$10.53B

Sector

Energy

WES

Western Midstream Partners, LP

Market cap

$18.12B

Sector

Energy

Overall winner

Western Midstream Partners, LP WES

Wins on the combined sum of fit scores across all four strategies. Per-strategy breakdown below.

Fit scores by strategy

Strategy	AM	WES	Winner
Warren Buffett	67B	68B	WES
Benjamin Graham	74B	73B	AM
Philip Fisher	59C	62C	WES
Peter Lynch	67B	58C	AM
Joel Greenblatt	42D	41D	AM
Charlie Munger	63D	68D	WES
Terry Smith	61D	68D	WES

Side-by-side metrics

Metric	AM	WES
Market cap	$10.53B	$18.12B
P/E (TTM)	25.4x	15.3x
EV/EBIT	22.0x	16.5x
ROIC (TTM)	8.62%	11.53%
Gross margin	64.52%	68.78%
Net margin	31.94%	29.7%
Revenue CAGR 5y	6.77%	7.51%
EPS CAGR 5y	5.66%	8.4%
Debt / Equity	1.9x	2.6x
Dividend yield	4.09%	7.95%

Where each one wins

The metrics with the biggest gap between the two - sorted so the most decisive edges read first.

AM leads on

Debt / Equity1.9xvs 2.6x+26%
Net margin31.94%vs 29.7%+7%

WES leads on

Dividend yield7.95%vs 4.09%+49%
Market cap$18.12Bvs $10.53B+42%
P/E (TTM)15.3xvs 25.4x+40%
EPS CAGR 5y8.4%vs 5.66%+33%

Educational tool. Fit scores are deterministic projections from public financials onto each investor's published criteria - not personal recommendations or advice.

Antero Midstream

Western Midstream Partners, LP

Fit scores by strategy

Side-by-side metrics

Where each one wins

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Key terms in this analysis