Archrock (AROC)


Market Price (10/8/2026): $30.08 | Market Cap: $5.2 BilSector: Energy | Industry: Oil & Gas Equipment & Services

Archrock (AROC)


Market Price (10/8/2026): $30.08
Market Cap: $5.2 Bil
Sector: Energy
Industry: Oil & Gas Equipment & Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.2%, Dividend Yield is 2.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.9%, FCF Yield is 5.6%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 48%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -25%

Low stock price volatility
Vol 12M is 32%

Megatrend and thematic drivers
Megatrends include US Energy Independence, and Energy Transition & Decarbonization. Themes include US Oilfield Technologies, US LNG, Show more.

Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -3.1%

Key risks
AROC key risks include [1] a critical dependence on specific equipment suppliers facing significant delivery delays and [2] its vulnerability to product shortages and price increases due to long lead times for essential components.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.2%, Dividend Yield is 2.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.9%, FCF Yield is 5.6%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 48%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19%
2 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -25%
3 Low stock price volatility
Vol 12M is 32%
4 Megatrend and thematic drivers
Megatrends include US Energy Independence, and Energy Transition & Decarbonization. Themes include US Oilfield Technologies, US LNG, Show more.
5 Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -3.1%
6 Key risks
AROC key risks include [1] a critical dependence on specific equipment suppliers facing significant delivery delays and [2] its vulnerability to product shortages and price increases due to long lead times for essential components.

AROC in ETFs

Weight = AROC's share of each fund

VTI0.01%
ITOT0.01%
IWM0.18%
IJR0.31%
VYM0.02%
VB0.06%
IJT0.64%
SLYG0.63%
+12 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 10/1/2026

Archrock (AROC) stock has lost about 25% since 6/30/2026 because of the following key factors:

1. Archrock reported a miss on fiscal Q2 2026 earnings and subsequently narrowed its full-year guidance. The company announced an adjusted earnings per share of $0.38 for fiscal Q2 2026 (ended June 30, 2026), which fell short of the consensus estimate of $0.45 by $0.07. Concurrently, Archrock's quarterly revenue for fiscal Q2 2026 was $371.24 million, missing analysts' expectations of $393.19 million. Following these results, the company tightened its full-year 2026 Adjusted EBITDA guidance to a range of $865 million to $885 million, from its previous range of $865 million to $915 million.

2. Softness in aftermarket services and significant future capital expenditure plans raised investor concerns. Despite strong performance in its contract operations segment, indicated by 71% adjusted gross margins and 94.4% fleet utilization in fiscal Q2 2026, Archrock experienced softness in its aftermarket activity, which tempered overall revenue growth. Additionally, the company introduced multi-year growth capital expenditure guidance of $1.4 billion to $1.6 billion cumulatively from fiscal 2027 through fiscal 2030. This substantial long-term investment, coupled with Archrock's existing high debt load, contributed to investor apprehension regarding future capital allocation and potential constraints.

Show more
Updated on 10/1/2026

Archrock (AROC) stock has lost about 25% since 6/30/2026 because of the following key factors:

1. Archrock reported a miss on fiscal Q2 2026 earnings and subsequently narrowed its full-year guidance. The company announced an adjusted earnings per share of $0.38 for fiscal Q2 2026 (ended June 30, 2026), which fell short of the consensus estimate of $0.45 by $0.07. Concurrently, Archrock's quarterly revenue for fiscal Q2 2026 was $371.24 million, missing analysts' expectations of $393.19 million. Following these results, the company tightened its full-year 2026 Adjusted EBITDA guidance to a range of $865 million to $885 million, from its previous range of $865 million to $915 million.

2. Softness in aftermarket services and significant future capital expenditure plans raised investor concerns. Despite strong performance in its contract operations segment, indicated by 71% adjusted gross margins and 94.4% fleet utilization in fiscal Q2 2026, Archrock experienced softness in its aftermarket activity, which tempered overall revenue growth. Additionally, the company introduced multi-year growth capital expenditure guidance of $1.4 billion to $1.6 billion cumulatively from fiscal 2027 through fiscal 2030. This substantial long-term investment, coupled with Archrock's existing high debt load, contributed to investor apprehension regarding future capital allocation and potential constraints.

3. Negative analyst sentiment converged with broader macroeconomic uncertainty in the energy sector. By September 29, 2026, Archrock held a Zacks Rank of #5 (Strong Sell), reflecting negative revisions to earnings estimates for the current fiscal year. The consensus earnings estimate for fiscal 2026 indicated a year-over-year decline of 8.95%. This company-specific downgrade occurred amidst broader energy market volatility, including the impact of the ongoing "Iran war" which injected uncertainty into producers' plans, and a projected global natural gas demand decline of 0.5% in fiscal 2026 due to factors like higher LNG prices and gas-to-coal switching in power generation.

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Stock Movement Drivers

Fundamental Drivers

The -25.6% change in AROC stock from 6/30/2026 to 10/7/2026 was primarily driven by a -26.2% change in the company's P/E Multiple.
(LTM values as of)630202610072026Change
Stock Price ($)40.4430.09-25.6%
Change Contribution By: 
Total Revenues ($ Mil)1,5161,505-0.8%
Net Income Margin (%)21.4%21.8%1.8%
P/E Multiple21.616.0-26.2%
Shares Outstanding (Mil)174174-0.2%
Cumulative Contribution-25.6%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/7/2026
ReturnCorrelation
AROC-25.6% 
Market (SPY)4.1%6.8%
Sector (XLE)19.3%35.0%

Fundamental Drivers

The -12.4% change in AROC stock from 3/31/2026 to 10/7/2026 was primarily driven by a -14.0% change in the company's P/E Multiple.
(LTM values as of)331202610072026Change
Stock Price ($)34.3630.09-12.4%
Change Contribution By: 
Total Revenues ($ Mil)1,4901,5051.0%
Net Income Margin (%)21.6%21.8%0.9%
P/E Multiple18.616.0-14.0%
Shares Outstanding (Mil)174174-0.2%
Cumulative Contribution-12.4%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/7/2026
ReturnCorrelation
AROC-12.4% 
Market (SPY)19.8%5.1%
Sector (XLE)4.2%28.9%

Fundamental Drivers

The 17.6% change in AROC stock from 9/30/2025 to 10/7/2026 was primarily driven by a 27.2% change in the company's Net Income Margin (%).
(LTM values as of)930202510072026Change
Stock Price ($)25.5930.0917.6%
Change Contribution By: 
Total Revenues ($ Mil)1,3491,50511.5%
Net Income Margin (%)17.2%21.8%27.2%
P/E Multiple19.316.0-17.4%
Shares Outstanding (Mil)1751740.3%
Cumulative Contribution17.6%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 10/7/2026
ReturnCorrelation
AROC17.6% 
Market (SPY)17.6%21.5%
Sector (XLE)45.0%33.3%

Fundamental Drivers

The 163.6% change in AROC stock from 9/30/2023 to 10/7/2026 was primarily driven by a 196.7% change in the company's Net Income Margin (%).
(LTM values as of)930202310072026Change
Stock Price ($)11.4130.09163.6%
Change Contribution By: 
Total Revenues ($ Mil)9101,50565.3%
Net Income Margin (%)7.4%21.8%196.7%
P/E Multiple26.316.0-39.3%
Shares Outstanding (Mil)154174-11.5%
Cumulative Contribution163.6%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2023 to 10/7/2026
ReturnCorrelation
AROC163.6% 
Market (SPY)88.1%46.1%
Sector (XLE)53.2%52.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
AROC Return-8%29%81%68%8%21%370%
Peers Return-17%81%16%39%27%67%406%
S&P 500 Return27%-19%24%23%16%14%108%

Monthly Win Rates [3]
AROC Win Rate42%67%75%58%42%50% 
Peers Win Rate46%65%54%44%60%80% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
AROC Max Drawdown-30%-38%-20%-24%-30%-28% 
Peers Max Drawdown-54%-44%-35%-28%-34%-25% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: FTI, HLX, FTK, GOW, SLB.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/7/2026 (YTD)

How Low Can It Go

EventAROCS&P 500
2025 US Tariff Shock
  % Loss-25.3%-18.8%
  % Gain to Breakeven34.0%23.1%
  Time to Breakeven288 days79 days
2024 Yen Carry Trade Unwind
  % Loss-13.2%-7.8%
  % Gain to Breakeven15.3%8.5%
  Time to Breakeven21 days18 days
2022 Inflation Shock & Fed Tightening
  % Loss-14.6%-24.5%
  % Gain to Breakeven17.1%32.4%
  Time to Breakeven28 days427 days
2020 COVID-19 Crash
  % Loss-75.5%-33.7%
  % Gain to Breakeven308.1%50.9%
  Time to Breakeven250 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-40.3%-19.2%
  % Gain to Breakeven67.6%23.8%
  Time to Breakeven798 days105 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-19.1%-3.7%
  % Gain to Breakeven23.7%3.9%
  Time to Breakeven28 days6 days

Compare to FTI, HLX, FTK, SLB, BKR

In The Past

Archrock's stock fell -25.3% during the 2025 US Tariff Shock. Such a loss loss requires a 34.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventAROCS&P 500
2025 US Tariff Shock
  % Loss-25.3%-18.8%
  % Gain to Breakeven34.0%23.1%
  Time to Breakeven288 days79 days
2020 COVID-19 Crash
  % Loss-75.5%-33.7%
  % Gain to Breakeven308.1%50.9%
  Time to Breakeven250 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-40.3%-19.2%
  % Gain to Breakeven67.6%23.8%
  Time to Breakeven798 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-69.3%-12.2%
  % Gain to Breakeven225.6%13.9%
  Time to Breakeven175 days62 days
2014-2016 Oil Price Collapse
  % Loss-67.0%-6.8%
  % Gain to Breakeven202.9%7.3%
  Time to Breakeven189 days15 days

Compare to FTI, HLX, FTK, SLB, BKR

In The Past

Archrock's stock fell -25.3% during the 2025 US Tariff Shock. Such a loss loss requires a 34.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Archrock (AROC)

Archrock, Inc. (AROC) operates as a leading energy infrastructure company in the United States, primarily focused on providing natural gas compression services. The company plays a critical role in the oil and natural gas industry by ensuring the efficient movement and processing of natural gas, which is essential for its gathering, transportation, and delivery.

Archrock's business is divided into two key segments: Contract Operations and Aftermarket Services. Through its Contract Operations segment, Archrock designs, sources, owns, installs, operates, services, repairs, and maintains its own extensive fleet of natural gas compression equipment, offering these comprehensive services directly to its clients. The Aftermarket Services segment complements this by selling parts and components, and by providing essential operation, maintenance, overhaul, and reconfiguration services for compression equipment owned by its customers.

The company's primary customers are entities within the oil and natural gas industry throughout the United States. Archrock positions itself as a vital partner for these companies, delivering reliable and efficient natural gas compression solutions whether through its owned fleet or by supporting customer-owned equipment.

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  • United Rentals for natural gas compression equipment.
  • Ryder for the natural gas industry's compression equipment.

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  • Natural Gas Compression Services: Archrock designs, owns, operates, and maintains its fleet of natural gas compression equipment to provide comprehensive compression services to customers in the oil and natural gas industry.
  • Sale of Parts and Components: Archrock offers various parts and components for natural gas compression equipment.
  • Compression Equipment Maintenance and Overhaul Services: Archrock provides operation, maintenance, overhaul, and reconfiguration services for compression equipment owned by its customers.

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Archrock, Inc. (AROC) sells its services and equipment primarily to other companies within the oil and natural gas industry. Based on the company's public filings, no single customer accounted for 10% or more of its consolidated revenue in 2023, 2022, or 2021. Therefore, Archrock does not have individually identified "major customers" that are publicly disclosed by name.

However, Archrock serves a diversified base of customers, which can be broadly categorized as follows:

  • Producers (companies involved in the exploration and extraction of natural gas)
  • Midstream Companies (companies that transport, store, and process natural gas)
  • Gatherers (companies that collect natural gas from wells and transport it to larger pipelines)

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D. Bradley Childers, President and Chief Executive Officer

Mr. Childers has served as President and Chief Executive Officer of Archrock since December 2011, having previously served as Interim President and Chief Executive Officer since November 2011. He also held the roles of President, Chief Executive Officer, and Chairman of the Board of Archrock GP LLC, the managing general partner of Archrock Partners, L.P., from November 2011 until the partnership's merger into a wholly-owned subsidiary of Archrock, Inc. in April 2018. Mr. Childers joined Universal Compression Holdings, Inc., a predecessor company, in 2002, where he served in various management positions, including Senior Vice President and President of the International Division of Universal Compression, Inc. From 1994 to 2002, he held various positions with Occidental Petroleum Corporation and its subsidiaries. Archrock, Inc. was formed in November 2015 as a spin-off from Exterran Holdings, Inc., with Mr. Childers at the helm as the inaugural President and CEO of the newly independent entity.

Doug S. Aron, Senior Vice President and Chief Financial Officer

Mr. Aron was appointed Senior Vice President and Chief Financial Officer of Archrock in August 2018. Prior to joining Archrock, he served as Executive Vice President and Chief Financial Officer of Nine Energy Service, Inc. from April to September 2017. From July 2011 to March 2017, Mr. Aron was Executive Vice President and Chief Financial Officer of HollyFrontier Corporation. Before the merger of Frontier Oil Corporation with Holly Corporation in July 2011, Mr. Aron served Frontier Oil Corporation as Executive Vice President and Chief Financial Officer starting in January 2009, as Vice President of Corporate Finance from May 2005 to December 2008, and as Director of Investor Relations from March 2001 to May 2005.

Stephanie C. Hildebrandt, Senior Vice President, General Counsel and Secretary

Ms. Hildebrandt has served as Archrock's Senior Vice President, General Counsel and Secretary since August 2017. She was a partner at the global law firm Norton Rose Fulbright from February 2015 to July 2017. Previously, Ms. Hildebrandt was the Senior Vice President, General Counsel and Secretary of Enterprise Products Partners L.P. from May 2010 to December 2014, and held various other roles at Enterprise from 2004 to May 2010. She has also served as a director for companies such as WildHorse Resource Development Corporation (acquired in February 2019), Rice Midstream Management LLC (acquired in July 2018), and TRC Companies, Inc. (acquired in June 2017).

Eric W. Thode, Senior Vice President, Operations

Mr. Thode has served as Senior Vice President, Operations of Archrock since February 2020. His previous roles at Archrock include Vice President, Operations from October 2018, and Vice President of the South Texas Business Unit. He also served as Director of the South Texas Business Unit from December 2014 to July 2018 and Director of the Barnett Business Unit from June 2012 to December 2014 for Archrock Services, L.P., a wholly-owned operating subsidiary. Mr. Thode joined Universal Compression, Inc., a predecessor company, in 2004. Before that, he worked at Enron Corporation as Director, Public Relations from 1999 to 2004, and at TEPPCO Partners as Manager, Government and Public Affairs from 1991 to 1999.

Jason G. Ingersoll, Senior Vice President, Sales and Operations Support

Mr. Ingersoll has served as Senior Vice President, Sales and Operations Support of Archrock since June 2020. Prior to this role, he was Senior Vice President, Marketing and Sales of Archrock from February 2018 to June 2020, and Vice President, Marketing and Sales from November 2015 to February 2018. He served as Vice President, Sales of Exterran Energy Solutions, L.P., a predecessor subsidiary, from October 2013 to November 2015. Mr. Ingersoll also held increasing positions of responsibility with Exterran Energy Solutions, L.P., including Regional Vice President from January 2012 to October 2013, and Business Unit Director from March 2009 to January 2012.

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The key risks to Archrock's business (AROC) are primarily linked to the evolving energy landscape, the inherent volatility of the natural gas industry, and its financial structure.

  1. Regulatory and Environmental Risks, including the Energy Transition: Archrock operates in a highly regulated industry, and changes in environmental laws and regulations, particularly those targeting methane emissions (e.g., EPA Subpart OOOOb/OOOOc), can impose significant compliance costs and operational constraints. Furthermore, the broader global shift towards renewable energy sources and climate-related initiatives poses a long-term risk of reduced demand for natural gas compression services, potentially impacting Archrock's profitability and growth prospects.

  2. Industry Cyclicality and Commodity Price Volatility: Archrock's business is inherently tied to the cyclical nature of the oil and natural gas industry. Fluctuations in natural gas and oil prices can significantly influence customer capital expenditures, production volumes, and the overall demand for Archrock's compression equipment and services. While the company's contract operations provide some insulation from daily price swings, a sustained downturn in commodity prices could lead to reduced demand for new compression units and affect contract renewals. Geopolitical conflicts also contribute to market disruptions and price instability, further impacting the company's operations and financial performance.

  3. Substantial Debt Levels: The company carries a significant amount of long-term debt, which stood at approximately $2.6 billion as of mid-2025. A high debt load can limit Archrock's financial flexibility, constrain its ability to fund future capital expenditures, make acquisitions on favorable terms, or respond effectively to economic downturns or adverse industry conditions. This substantial debt also exposes the company to vulnerability from interest rate increases.

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The addressable market for Archrock's main products and services in the United States, primarily focusing on natural gas compression, can be understood through the U.S. natural gas compressor market.

For its Contract Operations segment, which involves natural gas compression services, the U.S. market for natural gas compressors was valued at approximately USD 1.67 billion in 2025. Another source indicates the North American natural gas compressor market reached a value of USD 2.2 billion in 2024. As Archrock operates exclusively in the United States, the U.S. market for natural gas compressors represents its primary addressable market for compression-related services. This market is driven by extensive natural gas production, pipeline expansions, and LNG projects in the country.

For its Aftermarket Services segment, which includes the sale of parts and components, as well as operation, maintenance, overhaul, and reconfiguration services for compression equipment, maintenance constitutes a notable portion of the total lifecycle costs of natural gas compressors. Approximately 14% of the total lifecycle costs of natural gas compressors are attributed to maintenance. Furthermore, nearly 25% of aging compressors in the U.S. are anticipated to require replacement within the next decade. While a specific, standalone market size for "aftermarket services" in the U.S. is not explicitly provided, these services are an integral part of the broader natural gas compressor market.

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Here are 3-5 expected drivers of future revenue growth for Archrock (AROC) over the next 2-3 years:

  1. Increased demand for natural gas compression services: Archrock is poised to benefit from the growing demand for natural gas compression services, driven by anticipated increases in U.S. natural gas production, rising liquefied natural gas (LNG) exports, and the expanding power requirements of AI data centers.
  2. Higher pricing and contract escalators: The company has been able to implement consistent rental rate increases due to a tight natural gas compression market and high utilization rates, which have exceeded 95% since 2023. Rental rates have increased by over 25% since the first quarter of 2023, and Archrock anticipates additional price increases in 2026.
  3. Strategic acquisitions: Recent strategic acquisitions, such as Total Operations and Production Services (TOPS) in August 2024 and Natural Gas Compression Systems in May 2025, have significantly expanded Archrock's operating horsepower and baseline EBITDA generation, positioning the company for continued growth.
  4. Growth capital expenditures and fleet expansion: Archrock plans substantial growth capital expenditures (e.g., $250-$275 million in 2026) to invest in new build horsepower and expand its electric motor drive (EMD) compression capabilities. This investment supports strong customer demand and aligns with industry trends favoring larger, more efficient units.
  5. Operational efficiencies and focus on high-margin segments: The company's investments in technological advancements, including cloud-based solutions and remote monitoring, are expected to enhance operational efficiency and asset uptime, contributing to improved gross margins. Archrock's strategic focus on high-margin segments also plays a role in driving profitability.

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Share Repurchases

  • Archrock authorized a $50 million share repurchase program in April 2023, which was subsequently extended and replenished to $50 million in April 2024.
  • During 2025, the company repurchased approximately $70 million in shares.
  • As of December 31, 2025, $117.7 million remained available for future common share repurchases, following an additional $100 million authorization through December 31, 2026.

Outbound Investments

  • In April 2022, Archrock acquired a 25% equity interest in ECOTEC, a company specializing in methane emissions detection, monitoring, and management.
  • Archrock announced and completed the acquisition of Total Operations and Production Services, LLC ("TOPS") in 2024.
  • The company completed a second accretive acquisition during 2025.

Capital Expenditures

  • Capital expenditures for 2021 were approximately $261 million.
  • In 2023, total capital expenditures amounted to approximately $299 million, with $190 million allocated to growth capital expenditures, primarily focused on new build horsepower and repackage equipment.
  • For 2026, Archrock projects total capital expenditures of $400-$445 million, including $250-$275 million for growth in new build horsepower and repackage CapEx, and $125-$135 million for maintenance due to increased overhaul activity.

Better Bets vs. Archrock (AROC)

Peer Outperformance in Oil & Gas Equipment & Services

AROC has outperformed 88% of its 33 Oil & Gas Equipment & Services peers over 5Y. Among the peers that beat it is TDW. Oil & Gas Equipment & Services ranks 5th of 7 industries in Energy by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Oil & Gas Equipment & Services constituents that AROC has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
44%
of 39 industry peers · 27.1% return
3Y
76%
of 37 industry peers · 168.3% return
5Y
88%
of 33 industry peers · 340.4% return
Oil & Gas Equipment & Services peers with revenue growth within 4pp of AROC's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
AROC Archrock 18.5% 16.0x 27.1%168.3%340.4% —
TDW Tidewater 22.4% 16.8x 54.4%25.7%544.0% +204pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Energy sector, ranked by 5Y. Oil & Gas Equipment & Services is AROC's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Oil & Gas Refining & Marketing 11 129.7%150.6%360.2% MPC 659% · PBF 561% · VLO 530%
Integrated Oil & Gas 7 35.9%68.9%209.2% IMO 294% · SU 266% · XOM 214%
Oil & Gas Storage & Transportation 18 23.9%126.3%177.0% INSW 1047% · LPG 861% · TRGP 499%
Coal & Consumable Fuels 14 -22.5%22.5%74.6% EU 983% · CCJ 323% · LEU 279%
Oil & Gas Equipment & Services ← 34 31.7%22.6%74.1% SEI 974% · FTI 758% · TDW 544%
Oil & Gas Drilling 7 55.8%4.5%56.4% VAL 131% · PDS 86% · NE 83%
Oil & Gas Exploration & Production 51 18.8%9.9%46.8% KGEI 9869% · OBE 6421% · EP 2633%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

AROCFTIHLXFTKGOWSLBMedian
NameArchrock TechnipF.Helix En.Flotek I.GOWell E.SLB  
Mkt Price30.0868.35-28.114.3047.9830.08
Mkt Cap5.227.11.61.0-71.55.2
Rev LTM1,50510,4201,303293-36,3661,505
Op Inc LTM5771,56710038-4,984577
FCF LTM2911,572235-4-4,554291
FCF 3Y Avg1351,233168-4-4,516168
CFO LTM7261,859253-2-6,533726
CFO 3Y Avg5301,510188-2-6,545530

Growth & Margins

AROCFTIHLXFTKGOWSLBMedian
NameArchrock TechnipF.Helix En.Flotek I.GOWell E.SLB  
Rev Chg LTM11.5%9.9%6.2%36.8%-2.5%9.9%
Rev Chg 3Y Avg18.5%13.6%6.2%16.6%-5.4%13.6%
Rev Chg Q-3.1%9.0%20.8%70.3%-5.0%9.0%
QoQ Delta Rev Chg LTM-0.8%2.2%4.2%16.3%-1.2%2.2%
Op Inc Chg LTM22.8%33.3%23.4%90.2%--17.2%23.4%
Op Inc Chg 3Y Avg45.5%73.3%47.2%119.2%-1.0%47.2%
Op Mgn LTM38.3%15.0%7.7%13.1%-13.7%13.7%
Op Mgn 3Y Avg34.0%12.2%7.9%9.1%-15.9%12.2%
QoQ Delta Op Mgn LTM0.0%0.5%2.7%1.1%--0.7%0.5%
CFO/Rev LTM48.2%17.8%19.4%-0.8%-18.0%18.0%
CFO/Rev 3Y Avg40.2%15.7%14.4%-1.0%-18.4%15.7%
FCF/Rev LTM19.4%15.1%18.1%-1.4%-12.5%15.1%
FCF/Rev 3Y Avg10.0%12.8%12.8%-1.9%-12.7%12.7%

Valuation

AROCFTIHLXFTKGOWSLBMedian
NameArchrock TechnipF.Helix En.Flotek I.GOWell E.SLB  
Mkt Cap5.227.11.61.0-71.55.2
P/S3.52.61.23.5-2.02.6
P/Op Inc9.117.315.626.6-14.315.6
P/EBIT8.817.318.127.0-16.117.3
P/E16.023.039.326.7-23.123.1
P/CFO7.214.66.2-462.3-10.97.2
Total Yield9.2%4.6%2.5%3.7%-6.7%4.6%
Dividend Yield2.9%0.3%0.0%0.0%-2.4%0.3%
FCF Yield 3Y Avg3.0%7.0%12.9%-2.1%-7.7%7.0%
D/E0.40.00.40.1-0.20.2
Net D/E0.40.0-0.00.1-0.10.1

Returns

AROCFTIHLXFTKGOWSLBMedian
NameArchrock TechnipF.Helix En.Flotek I.GOWell E.SLB  
1M Rtn-8.0%-14.4%-19.4%116.1%-16.6%-8.0%
3M Rtn-23.5%-2.8%16.4%21.7%116.1%1.7%9.0%
6M Rtn-14.7%-4.7%9.7%78.5%116.1%-6.6%2.5%
12M Rtn27.0%79.5%59.4%76.5%116.1%42.8%67.9%
3Y Rtn168.2%263.6%5.6%561.4%116.1%-7.0%142.1%
1M Excs Rtn-11.5%-14.2%-13.7%114.3%-17.6%-11.5%
3M Excs Rtn-24.8%-6.4%13.3%9.4%112.4%-1.3%4.0%
6M Excs Rtn-29.7%-19.7%-5.3%63.4%99.8%-21.6%-12.5%
12M Excs Rtn12.8%64.7%43.2%43.3%99.1%26.3%43.2%
3Y Excs Rtn89.2%166.1%-83.0%449.6%27.6%-92.5%58.4%

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Contract Operations1,272980809678648
Aftermarket Services218177181168133
Other    0
Total1,4901,158990846781


Operating Income by Segment
$ Mil200220012000
Domestic Contract Compression170  
International Contract Compression43  
Aftermarket Services31  
Fabrication249 
Domestic Rental & Maintenance 8022
International Rental & Maintenance 164
Parts Sales and Service 3 
Corporate  -1
Engineered Products  1
Total26810926


Assets by Segment
$ Mil20252024202320222021
Contract Operations4,1423,6772,5182,4312,430
Other assets128827298101
Aftermarket Services7258576149
Assets of discontinued operations888910
Total4,3493,8242,6562,5992,590


Price Behavior

Price Behavior
Market Price$30.09 
Market Cap ($ Bil)5.2 
First Trading Date11/04/2015 
Distance from 52W High-27.8% 
   50 Days200 Days
DMA Price$32.17$33.49
DMA Trendupdown
Distance from DMA-6.5%-10.2%
 3M1YR
Volatility33.2%32.4%
Downside Capture130.2452.29
Upside Capture-33.2370.25
Correlation (SPY)7.3%22.3%
AROC Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta-0.050.250.170.130.541.08
Up Beta-2.580.020.940.070.511.11
Down Beta-0.94-1.01-1.02-0.380.571.45
Up Capture18%-6%-43%8%48%87%
Bmk +ve Days6162766132424
Stock +ve Days14223268137409
Down Capture65%150%120%61%56%92%
Bmk -ve Days16263760120328
Stock -ve Days8203257113337

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AROC
AROC28.7%32.4%0.80-
Sector ETF (XLE)45.2%22.0%1.6033.6%
Equity (SPY)16.8%13.0%0.9222.3%
Gold (GLD)3.2%29.5%0.113.6%
Commodities (DBC)44.6%20.9%1.6611.7%
Real Estate (VNQ)1.6%13.7%-0.1317.2%
Bitcoin (BTCUSD)-31.7%44.2%-0.734.7%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AROC
AROC35.5%36.3%0.91-
Sector ETF (XLE)23.2%25.5%0.8062.5%
Equity (SPY)13.8%17.1%0.6243.2%
Gold (GLD)18.4%18.9%0.7910.5%
Commodities (DBC)10.3%19.6%0.4038.3%
Real Estate (VNQ)0.8%18.8%-0.0733.9%
Bitcoin (BTCUSD)15.5%52.2%0.4617.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AROC
AROC15.9%49.9%0.49-
Sector ETF (XLE)11.0%29.6%0.4063.8%
Equity (SPY)15.5%17.9%0.7342.6%
Gold (GLD)11.5%16.4%0.573.9%
Commodities (DBC)8.4%18.1%0.3839.1%
Real Estate (VNQ)4.2%20.7%0.1634.1%
Bitcoin (BTCUSD)64.0%66.2%1.0413.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9152026
Short Interest: Shares Quantity7.6 Mil
Short Interest: % Change Since 83120264.4%
Average Daily Volume1.9 Mil
Days-to-Cover Short Interest4.0 days
Basic Shares Quantity174.4 Mil
Short % of Basic Shares4.4%

Earnings Returns History

Updated 9/28/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/5/2026-1.7%-1.9%-4.0%
5/6/2026-2.6%-5.3%-12.0%
2/25/20263.9%9.0%9.4%
10/29/2025-2.8%-0.3%-5.3%
8/5/20253.7%9.1%15.6%
5/6/2025-0.3%6.4%7.2%
2/25/20252.3%0.9%5.5%
11/12/20242.6%1.5%12.9%
...
SUMMARY STATS   
# Positive141614
# Negative979
Median Positive3.6%5.7%8.7%
Median Negative-3.0%-3.5%-8.4%
Max Positive7.5%14.9%31.6%
Max Negative-5.9%-7.4%-16.9%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/5/2026-1.7%-1.9%-4.0%
5/6/2026-2.6%-5.3%-12.0%
2/25/20263.9%9.0%9.4%
10/29/2025-2.8%-0.3%-5.3%
8/5/20253.7%9.1%15.6%
5/6/2025-0.3%6.4%7.2%
2/25/20252.3%0.9%5.5%
11/12/20242.6%1.5%12.9%
7/22/2024-5.6%-7.4%-16.9%
5/1/20242.7%4.2%4.6%
2/21/20244.8%1.1%9.4%
11/2/20233.5%-0.4%8.1%
5/3/20235.0%5.9%3.5%
2/22/20236.4%13.5%-6.1%
11/3/20227.5%14.1%21.9%
8/3/2022-5.9%-4.4%-9.3%
5/10/20221.1%7.5%16.0%
2/23/2022-3.6%3.2%7.8%
11/2/20210.0%4.7%-10.2%
7/30/2021-3.5%-3.5%-8.4%
4/30/20211.1%5.4%2.5%
2/23/20214.9%4.3%-5.3%
11/3/2020-3.0%14.9%31.6%
SUMMARY STATS   
# Positive141614
# Negative979
Median Positive3.6%5.7%8.7%
Median Negative-3.0%-3.5%-8.4%
Max Positive7.5%14.9%31.6%
Max Negative-5.9%-7.4%-16.9%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/05/202610-Q
03/31/202605/06/202610-Q
12/31/202502/26/202610-K
09/30/202510/29/202510-Q
06/30/202508/05/202510-Q
03/31/202505/06/202510-Q
12/31/202402/25/202510-K
09/30/202411/12/202410-Q
06/30/202407/31/202410-Q
03/31/202405/01/202410-Q
12/31/202302/21/202410-K
09/30/202311/02/202310-Q
06/30/202308/01/202310-Q
03/31/202305/03/202310-Q
12/31/202202/22/202310-K
09/30/202211/03/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/05/202610-Q
03/31/202605/06/202610-Q
12/31/202502/26/202610-K
09/30/202510/29/202510-Q
06/30/202508/05/202510-Q
03/31/202505/06/202510-Q
12/31/202402/25/202510-K
09/30/202411/12/202410-Q
06/30/202407/31/202410-Q
03/31/202405/01/202410-Q
12/31/202302/21/202410-K
09/30/202311/02/202310-Q
06/30/202308/01/202310-Q
03/31/202305/03/202310-Q
12/31/202202/22/202310-K
09/30/202211/03/202210-Q
06/30/202208/03/202210-Q
03/31/202205/10/202210-Q
12/31/202102/23/202210-K
09/30/202111/02/202110-Q
06/30/202107/30/202110-Q
03/31/202104/30/202110-Q
12/31/202002/23/202110-K
09/30/202011/03/202010-Q
06/30/202007/31/202010-Q
03/31/202005/05/202010-Q
12/31/201902/21/202010-K
09/30/201910/30/201910-Q

Recent Forward Guidance

Updated 10/4/2026

Latest: Q2 2026 Earnings Reported 8/5/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Contract Operations RevenueReported1.32 Bil1.33 Bil1.33 Bil   
2026 Aftermarket Services RevenueReported175.00 Mil180.00 Mil185.00 Mil   
2026 Adjusted EBITDAReported865.00 Mil875.00 Mil885.00 Mil-1.7% LoweredGuidance: 890.00 Mil for 2026
2026 Net IncomeReported290.75 Mil300.75 Mil310.75 Mil   
2026 Growth Capital ExpendituresReported2.5E10%2.625E10%2.75E10%   
2030 Multi-year Growth Capital ExpendituresReported1.4E11%1.5E11%1.6E11%   


Prior: Q1 2026 Earnings Reported 5/6/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Cash available for dividendReported572.00 Mil587.00 Mil602.00 Mil0 AffirmedGuidance: 587.00 Mil for 2026
2026 Adjusted EBITDAReported865.00 Mil890.00 Mil915.00 Mil0 AffirmedGuidance: 890.00 Mil for 2026

Q4 2025 Earnings Reported 2/25/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Cash available for dividendReported572.00 Mil587.00 Mil602.00 Mil11.1% Higher NewActual: 528.50 Mil for 2025
2026 Contract operations revenueReported1.32 Bil1.34 Bil1.35 Bil5.1% Higher NewActual: 1.27 Bil for 2025
2026 Aftermarket services revenueReported200.00 Mil210.00 Mil220.00 Mil-2.3% Lower NewActual: 215.00 Mil for 2025
2026 Contract operations adjusted gross margin percentageReported71.5%72.0%72.5%   
2026 Aftermarket services adjusted gross margin percentageReported22.0%22.5%23.0%   
2026 Adjusted EBITDAReported865.00 Mil890.00 Mil915.00 Mil5.6% Higher NewActual: 842.50 Mil for 2025
2026 Net incomeReported306.00 Mil331.00 Mil356.00 Mil21.4% Higher NewActual: 272.70 Mil for 2025
2026 Growth capital expendituresReported2.5E10%2.625E10%2.75E10%5.0% RaisedGuidance: 2.5E10% for 2026

Q3 2025 Earnings Reported 10/29/2025

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2025 Cash available for dividendReported526.00 Mil528.50 Mil531.00 Mil2.7% RaisedGuidance: 514.50 Mil for 2025
2025 Contract operations revenueReported1.26 Bil1.27 Bil1.28 Bil0.2% RaisedGuidance: 1.27 Bil for 2025
2025 Aftermarket services revenueReported210.00 Mil215.00 Mil220.00 Mil2.4% RaisedGuidance: 210.00 Mil for 2025
2025 Adjusted EBITDAReported835.00 Mil842.50 Mil850.00 Mil1.5% RaisedGuidance: 830.00 Mil for 2025
2025 Net incomeReported265.20 Mil272.70 Mil280.20 Mil1.2% RaisedGuidance: 269.60 Mil for 2025
2025 Growth capital expendituresReported3.45E10%3.5E10%3.55E10%0.0% AffirmedGuidance: 3.5E10% for 2025
2026 Growth capital expendituresReported 2.5E10%    

Insider Activity

Updated 7/8/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Ingersoll, JasonSENIOR VICE PRESIDENTDirectSell519202638.1933,0001,260,27010,595,968Form
2Aron, Doug SSR VICE PRESIDENT, CFODirectSell518202638.3035,0001,340,50013,762,607Form
3Aron, Doug SSR VICE PRESIDENT, CFODirectSell518202636.7490,0003,306,60014,487,941Form
4Aron, Doug SSR VICE PRESIDENT, CFODirectSell331202634.7698,0503,408,21816,835,554Form
5Aron, Doug SSR VICE PRESIDENT, CFODirectSell331202635.6171,5002,546,11520,738,801Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Ingersoll, JasonSENIOR VICE PRESIDENTDirectSell519202638.1933,0001,260,27010,595,968Form
2Aron, Doug SSR VICE PRESIDENT, CFODirectSell518202638.3035,0001,340,50013,762,607Form
3Aron, Doug SSR VICE PRESIDENT, CFODirectSell518202636.7490,0003,306,60014,487,941Form
4Aron, Doug SSR VICE PRESIDENT, CFODirectSell331202634.7698,0503,408,21816,835,554Form
5Aron, Doug SSR VICE PRESIDENT, CFODirectSell331202635.6171,5002,546,11520,738,801Form
6Henderson, Donna AVP, CHIEF ACCOUNTING OFFICERDirectSell305202636.7410,413382,5741,019,792Form
7Thode, Eric WSENIOR VICE PRESIDENTDirectSell1110202525.1040,7401,022,5334,623,637Form
8Rebrook, Jason CDirectBuy923202523.945,000119,6951,903,414Form
9Rebrook, Jason CDirectBuy922202524.1610,000241,5801,800,037Form
10Rebrook, Jason CDirectBuy919202524.1710,000241,6701,559,037Form
11Thode, Eric WSENIOR VICE PRESIDENTDirectSell814202523.5410,000235,4005,292,004Form

Investor Activity (13F)

Updated Oct 8, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Hawk Ridge Capital Management LP$9.6 Mil0.4%48New13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Hawk Ridge Capital Management LP$9.6 Mil0.4%48New13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Hawk Ridge Capital Management LP$9.6 Mil0.4%48New13F
Core Cache Last Updated: 10/7/2026