Archrock, Inc. AROC
We are an energy infrastructure company with a primary focus on midstream natural gas compression and a commitment to helping our customers produce, compress and transport natural gas in a safe and environmentally responsible way. We are a premier provider of natural gas compression services, in terms of total compression fleet horsepower, to customers in the energy industry throughout the U.S., and a leading supplier of aftermarket services to customers that own compression equipment in the U.S. Our business supports a must–run service that is essential to the production, processing, transportation and storage of natural gas.
• Contract Operations – Our contract operations business primarily includes designing, sourcing, owning, installing, operating, servicing, repairing and maintaining our owned fleet of natural gas compression equipment to provide natural gas compression services to our customers.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.49B | $1.16B | $990.3M | $845.6M | $781.5M | $875.0M | $965.5M | $904.4M | $794.7M | $807.1M |
| Gross profit | $723.6M | $505.9M | $375.1M | $261.8M | — | — | — | — | — | — |
| SG&A | $147.8M | $139.1M | $116.6M | $117.2M | $107.2M | $105.1M | $117.7M | $101.6M | $111.5M | $114.5M |
| Interest expense | $165.3M | $123.6M | $111.5M | $101.3M | $108.1M | $105.7M | $104.7M | $93.3M | $88.8M | $83.9M |
| Pre-tax income | $423.6M | $232.4M | $142.2M | $60.6M | $39.0M | -$86.0M | $58.5M | $35.3M | -$42.6M | -$89.4M |
| Income tax | $100.8M | $60.1M | $37.2M | $16.3M | $10.7M | $17.5M | $39.1M | $6.2M | $61.1M | $24.6M |
| Net income | $322.3M | $172.2M | $105.0M | $44.3M | $28.2M | -$68.4M | $97.3M | $21.1M | $19.0M | -$54.6M |
| EPS, basic | 1.83 | 1.05 | 0.67 | 0.28 | 0.18 | -0.46 | 0.70 | — | — | -0.80 |
| EPS, diluted | 1.83 | 1.05 | 0.67 | 0.28 | 0.18 | -0.46 | 0.70 | 0.19 | 0.26 | -0.80 |
| Shares, diluted (wtd. avg.) | $174.8M | $162.4M | $154.3M | $153.4M | $151.8M | $150.8M | $137.5M | $109.4M | $69.7M | $69.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.6M | $4.4M | $1.3M | $1.6M | $1.6M | $1.1M | $3.7M | $5.6M | $10.5M | $3.1M |
| Receivables | $142.3M | $132.5M | $124.1M | $137.5M | $104.9M | $104.4M | $144.9M | $148.0M | $113.4M | $111.7M |
| Inventory | $109.7M | $89.7M | $81.8M | $84.6M | $72.9M | $63.7M | $74.5M | $76.3M | $90.7M | $93.8M |
| Total current assets | $304.2M | $233.1M | $213.2M | $232.0M | $186.6M | $182.0M | $232.2M | $256.2M | $221.2M | $215.7M |
| Property, plant and equipment | $3.66B | $3.32B | $2.30B | $2.20B | $2.23B | $2.39B | $2.56B | $2.17B | $2.08B | $2.08B |
| Goodwill | $125.2M | $52.2M | $0 | — | — | — | $100.6M | $0 | — | — |
| Other intangibles | $143.9M | $98.3M | $30.2M | $37.1M | $47.9M | $61.5M | $77.5M | $52.4M | $68.9M | $86.7M |
| Total assets | $4.35B | $3.82B | $2.66B | $2.60B | $2.59B | $2.78B | $3.11B | $2.55B | $2.41B | $2.41B |
| Accounts payable | $43.7M | $57.6M | $61.0M | $64.3M | $38.9M | $30.8M | $60.2M | $54.9M | $54.6M | $32.5M |
| Total current liabilities | $197.1M | $188.6M | $152.1M | $148.6M | $125.3M | $111.7M | $138.7M | $150.7M | $130.9M | $106.5M |
| Long-term debt | $2.41B | $2.20B | $1.58B | $1.55B | $1.53B | $1.69B | $863.0M | $1.54B | $1.43B | $1.46B |
| Total liabilities | $2.86B | $2.50B | $1.78B | $1.74B | $1.70B | $1.84B | $2.02B | $1.71B | $1.67B | $1.73B |
| Retained earnings | -$2.26B | -$2.44B | -$2.50B | -$2.51B | -$2.46B | -$2.40B | -$2.24B | -$2.26B | -$2.24B | -$2.23B |
| Total equity | $1.49B | $1.32B | $871.0M | $860.7M | $891.4M | $935.6M | $1.09B | $841.6M | $735.6M | $684.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $622.1M | $429.6M | $310.2M | $203.4M | $237.4M | $335.3M | $290.1M | $225.9M | $201.7M | $274.3M |
| Depreciation and amortisation | $256.8M | $193.2M | $166.2M | $164.3M | $178.9M | $193.1M | $188.1M | $174.9M | $188.6M | $209.0M |
| Stock-based compensation | $19.0M | $14.6M | $13.0M | $11.9M | $11.3M | $10.6M | $8.1M | $7.4M | $8.5M | $9.0M |
| Capital expenditure | $502.5M | $359.0M | $298.6M | $239.9M | $97.9M | $140.3M | $385.2M | $319.1M | $221.7M | $117.6M |
| Investing cash flow | -$606.9M | -$1.16B | -$232.5M | -$130.9M | $16.1M | -$85.0M | -$514.6M | -$284.9M | -$174.5M | -$89.5M |
| Financing cash flow | -$18.1M | $733.6M | -$77.9M | -$72.5M | -$253.0M | -$252.8M | $222.5M | $54.0M | -$19.8M | -$183.3M |
| Dividends paid | $141.6M | $110.4M | $95.8M | $90.3M | $89.3M | $88.8M | $78.5M | $58.3M | $34.1M | $34.9M |
| Buybacks | $70.2M | $13.3M | $8.9M | $2.4M | $2.5M | $1.8M | $2.0M | $1.8M | $2.8M | $1.5M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001389050-26-000009.
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