Loading…
US natural gas compression services company, providing contract compression for gas gathering, processing and transportation.
US natural gas compression services company, providing contract compression for gas gathering, processing and transportation.
Earns a monthly fee for each compression unit it places on a customer's site and maintains, so income depends on how many units are leased and how busy the fleet is rather than on gas prices directly. It is one of the largest US contract compression operators, and demand follows gas output growth in regions like the Permian.
Moat: narrow (installed base, switching costs). Large leased compression fleet embedded in customer infrastructure creates high switching costs.
Headquarters: Houston, Texas, US · Founded: 1997 · Employees: 1,350
Size Archrock (AROC) is a United States Energy company (Oilfield Services/Equipment) with a market value of $4.83B, the 1207th largest of 3,117 United States companies the cockpit tracks. Shares closed at $27.54 on 6 Nov 2026.
Performance Over six months the shares fell 25.5%, against -13.9% for the median peer and -1.1% for the United States market (cap-weighted) — 4th lowest of 17 in its peer set.
Growth Revenue grew 3.7% over the last twelve months (peer median +10.6%); the operating margin is 38.8% (peer median 17.9%).
Valuation It trades at 13.8× forward earnings against a peer median of 14.8× (7th cheapest of 16).
Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -8 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.3 points above its cost of capital (8.2% WACC).
Backlog Backlog (remaining performance obligations) was $1.47B at 30 Sep 2026, up 69% on a year earlier — 1.0 years of trailing revenue. Backlog detail →
Short interest Short interest is 3.8% of the free float (15 Oct 2026).
Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.49B | $1.49B | $1.16B | $990M | $846M |
| Revenue growth | — | +29% | +17% | +17% | — |
| Gross profit | $726M | $720M | $503M | $372M | $260M |
| EBITDA | $865M | $841M | $567M | $431M | $314M |
| Net income | $338M | $319M | $170M | $103M | $42.9M |
| Free cash flow | $303M | $120M | $70.6M | $11.6M | -$36.4M |
| Capital expenditure | $417M | $502M | $359M | $299M | $240M |
| Total debt | $2.35B | $2.43B | $2.21B | $1.60B | $1.57B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Archrock AROC | $4.83B | -25% | +4% | 39% | 13.8× | 2.8% |
| Kodiak Gas Services KGS | $4.21B | -40% | +8% | 33% | 17.0× | 9.3% |
| USA Compression Partners LP USAC | $3.62B | -11% | +29% | 29% | 15.6× | -0.4% |
| Solaris Energy Infrastructure SEI | $4.63B | -21% | +71% | 24% | 16.8× | n/a |
| Enerflex EFX.TO | $2.39B | -29% | -4% | 11% | 12.2× | 6.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AROC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.2% | -11.6% | 9th highest of 17 |
| 6-month return | -25.5% | -13.9% | 4th lowest of 17 |
| Distance from 52-week high | -34.8% | -30.2% | 5th lowest of 17 |
| Revenue growth (TTM) | +3.7% | +10.6% | 7th lowest of 17 |
| Operating margin | 38.8% | 17.9% | highest of 17 |
| Forward P/E | 13.8× | 14.8× | 7th cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | 2.8% | 6.2% | 6th least demanding of 13 |
| Growth delivered (Del g) | +11.2% | +16.1% | 5th lowest of 13 |
| Hurdle (Req g minus delivered) | -8.4 pp | -10.2 pp | 4th most demanding of 13 |
| ROIC minus cost of capital | +3.3 pp | -0.3 pp | 5th highest of 17 |
| EV / EBITDA | 8.3× | 8.2× | 7th most expensive of 16 |
| Net debt / EBITDA | 2.7× | 1.4× | 7th most indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Archrock AROC | United States | $4.83B | -25% | +4% | 39% | 13.8× | 2.8% | +11.2% |
| Cactus WHD | United States | $4.67B | +7% | +40% | 19% | 16.8× | 14.1% | +25.4% |
| Solaris Energy Infrastructure SEI | United States | $4.63B | -21% | +71% | 24% | 16.8× | n/a | n/a |
| Kodiak Gas Services KGS | United States | $4.21B | -40% | +8% | 33% | 17.0× | 9.3% | +19.7% |
| SBM Offshore SBMO.AS | Netherlands | $6.08B | -8% | +1% | 31% | 6.2× | -14.4% | +11.3% |
| Weatherford International WFRD | United States | $6.12B | -17% | -6% | 14% | 13.4× | -4.0% | +5.9% |
| NOV NOV | United States | $6.26B | -9% | -1% | 6% | 14.8× | 6.8% | +7.6% |
| USA Compression Partners LP USAC | United States | $3.62B | -11% | +29% | 29% | 15.6× | -0.4% | +8.4% |
| Waterbridge Infrastructure LLC WBI | United States | $3.06B | -9% | +103% | 17% | 40.2× | n/a | n/a |
| Subsea 7 SUBC.OL | Norway | $9.71B | -5% | -2% | 13% | 12.4× | -2.4% | +17.7% |
| National Energy Services Reunited NESR | United States | $2.01B | -14% | +24% | 9% | 9.9× | 1.2% | +9.7% |
| Liberty Energy LBRT | United States | $1.95B | -64% | +14% | 2% | n/a | n/a | n/a |
| Yantai Jereh Oilfield Services 002353.SZ | China | $12.2B | -42% | +13% | 19% | 24.1× | 14.8% | +14.5% |
| Flowco FLOC | United States | $1.81B | -19% | +20% | 19% | 13.1× | 8.0% | +72.3% |
| Innovex International INVX | United States | $1.76B | -6% | +7% | 12% | 14.7× | 5.7% | +21.8% |
| Expro XPRO | United States | $1.47B | -14% | -5% | 4% | 18.0× | 13.9% | +18.9% |
| BW Energy BWE.OL | Norway | $1.30B | -15% | -25% | 26% | 13.1× | n/a | n/a |
Archrock reported $1.47B of remaining performance obligations at 30 Sep 2026, up 69% from a year earlier and down 2% from the previous quarter. That is 1.0 years of trailing revenue already under contract. Book-to-bill last quarter: 0.91.