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Archrock, Inc., together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services. It engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining of its owned fleet of natural gas compression equipment to provide natural gas compression services. The company also sells over-the-counter parts and components, as well as provides operations, major and routine maintenance, overhaul, and reconfiguration services to customers who own compression equipment. It serves integrated and independent oil and natural gas processors, gatherers, and transporters. Archrock, Inc. was formerly known as Exterran Holdings, Inc. and changed its name to Archrock, Inc. in November 2015. The company was founded in 1990 and is headquartered in Houston, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.5B | $850M | $322M | $120M | 21.6% | 28.7% | 87.1% |
| 2024 | $1.2B | $553M | $172M | $71M | 13.0% | 16.9% | 64.0% |
| 2023 | $990M | $423M | $105M | $12M | 12.1% | 17.1% | 137.0% |
| 2022 | $846M | $329M | $44M | $-36M | 5.1% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 845.57 | 990.34 | 1,157.59 | 1,489.82 |
| Operating Revenue | - | 845.57 | 990.34 | 1,157.59 | 1,489.82 |
| Cost Of Revenue | - | 583.74 | 615.26 | 651.70 | 766.19 |
| Gross Profit | - | 261.82 | 375.08 | 505.90 | 723.63 |
| Operating Expense | - | 117.18 | 116.64 | 139.12 | 147.81 |
| Selling General And Administration | - | 117.18 | 116.64 | 139.12 | 147.81 |
| Total Expenses | - | 700.93 | 731.90 | 790.82 | 913.99 |
| Operating Income | - | 144.64 | 258.44 | 366.78 | 575.83 |
| EBITDA | - | 329.31 | 423.30 | 553.04 | 850.41 |
| Normalized EBITDA | - | 310.26 | 426.91 | 562.26 | 836.82 |
| EBIT | - | 161.85 | 253.74 | 355.99 | 588.98 |
| Interest Expense | - | 101.26 | 111.49 | 123.61 | 165.34 |
| Net Interest Income | - | -101.26 | -111.49 | -123.61 | -165.34 |
| Other Non Operating Income Expenses | - | -1.84 | -1.09 | -1.56 | -0.44 |
| Other Income Expense | - | 17.21 | -4.70 | -10.78 | 13.15 |
| Interest Expense Non Operating | - | 101.26 | 111.49 | 123.61 | 165.34 |
| Net Non Operating Interest Income Expense | - | -101.26 | -111.49 | -123.61 | -165.34 |
| Pretax Income | - | 60.59 | 142.25 | 232.38 | 423.64 |
| Tax Provision | - | 16.29 | 37.25 | 60.15 | 100.84 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 5.14 | -0.95 | -2.39 | 3.23 |
| Net Income Continuous Operations | - | 44.30 | 105 | 172.23 | 322.79 |
| Net Income From Continuing And Discontinued Operation | - | 44.30 | 105 | 172.23 | 322.29 |
| Net Income From Continuing Operation Net Minority Interest | - | 44.30 | 105 | 172.23 | 322.79 |
| Net Income | - | 44.30 | 105 | 172.23 | 322.29 |
| Net Income Common Stockholders | - | 42.87 | 103.12 | 169.95 | 318.96 |
| Net Income Including Noncontrolling Interests | - | 44.30 | 105 | 172.23 | 322.29 |
| Normalized Income | - | 30.39 | 107.67 | 179.07 | 312.44 |
| Diluted NI Availto Com Stockholders | - | 42.87 | 103.12 | 170.96 | 319.83 |
| Basic Average Shares | - | 153.28 | 154.13 | 162.04 | 174.44 |
| Diluted Average Shares | - | 153.41 | 154.34 | 162.38 | 174.75 |
| Reconciled Depreciation | - | 167.46 | 169.56 | 197.05 | 261.44 |
| Reconciled Cost Of Revenue | - | 583.74 | 615.26 | 651.70 | 766.19 |
| Total Unusual Items | - | 19.05 | -3.62 | -9.22 | 13.59 |
| Total Unusual Items Excluding Goodwill | - | 19.05 | -3.62 | -9.22 | 13.59 |
| Net Income Discontinuous Operations | 0 | - | 0 | 0 | -0.50 |
| Special Income Charges | - | 19.05 | -3.62 | -9.22 | 13.59 |
| Other Special Charges | - | - | - | 3.18 | 0.89 |
| Impairment Of Capital Assets | - | 21.44 | 12.04 | 10.68 | 18.29 |
| Restructuring And Mergern Acquisition | - | 0 | 1.78 | 13.25 | 14.31 |
| Gain On Sale Of Ppe | - | 40.49 | 10.20 | 17.89 | 47.08 |
| Otherunder Preferred Stock Dividend | - | 1.43 | 1.88 | 2.28 | 3.33 |
| Average Dilution Earnings | - | 0 | 0 | 1 | 0.88 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Archrock, Inc.this co. | AROC | $6.1B | 18.91↑ premium | 4.09 | 21.6% | 10.01 |
| Kinetik Holdings Inc. | KNTK | $7.7B | 14.55 | -13.54 | -93.0% | 9.72 |
| Noble Corporation plc | NE | $7.4B | 34.37 | 1.64 | 4.8% | 8.84 |
| Kodiak Gas Services, Inc. | KGS | $6.9B | 85.36 | 5.72 | 6.7% | 16.12 |
| California Resources Corporation | CRC | $5.4B | 14.92 |
| - |
| - |
| - |
| - |
| 1.47 |
| 9.9% |
| 5.94 |
| Magnolia Oil & Gas Corporation | MGY | $5.4B | 16.51 | 2.77 | 16.8% | 6.29 |
| Liberty Energy Inc. | LBRT | $5.2B | 34.83 | 2.48 | 7.1% | 7.80 |
| Core Natural Resources, Inc. | CNR | $5.0B | -32.54 | 1.36 | -4.2% | 11.71 |
| Patterson-UTI Energy, Inc. | PTEN | $4.7B | -49.75 | 1.45 | -2.9% | 6.08 |
| Peer Median | - | 15.72 | 1.56 | 5.7% | 8.32 | |