公司概述
Archrock, Inc. operates as a specialized energy infrastructure entity within the United States market, executing a comprehensive scope of operations that includes designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining energy assets. The company functions primarily within the broader Energy sector and specifically targets the Oil & Gas Equipment & Services industry, positioning itself to capitalize on capital expenditures in upstream and midstream infrastructure projects. Archrock currently commands a market capitalization of $6.29B and reports a trailing twelve-month revenue of $1.49B, supported by a workforce of 1,350 employees. These valuation and revenue figures indicate that the firm holds a substantial footprint in the industrial services landscape, reflecting significant scale relative to its peer group in the equipment and services sub-sector.
财务健康
Archrock reported total revenue of $1.49B for the trailing twelve months, generating net income of $318.96M and an EBITDA of $832.59M, while the gap between revenue and net income highlights an operating expense structure that consumes approximately 78.4% of gross revenue before reaching the bottom line. The company reported free cash flow of $13.27M, a figure that suggests limited immediate liquidity generation from operations relative to its massive EBITDA, potentially indicating significant capital expenditures or working capital requirements. The gross margin stands at 65.8%, which is indicative of high pricing power or low cost of goods sold typical in service-based contracts, whereas the operating margin of 43.2% reflects efficient control over administrative and selling expenses. The profit margin of 21.6% demonstrates the final profitability after all expenses, taxes, and interest, showing that roughly one-fifth of every dollar in revenue converts to net earnings. In terms of leverage, Archrock holds $1.55M in cash against $2.43B in total debt, resulting in a debt-to-equity ratio of 162.62% which signifies a highly leveraged balance sheet rather than a conservative capital structure. The current ratio of 1.54 indicates that the company possesses 1.54 times the liquid assets necessary to cover its short-term obligations, suggesting adequate short-term liquidity despite the high debt load. Return on Equity is calculated at 22.9%, revealing strong efficiency in generating profits from shareholders' capital, while the Return on Assets of 8.8% shows that the broader asset base generates returns at a lower rate, consistent with a capital-intensive infrastructure business model.
估值评估
Archrock trades with a trailing twelve-month P/E ratio of 19.60 and a forward P/E of 15.27, implying that the market expects earnings to grow significantly in the coming year to justify the lower forward multiple compared to the historical trailing multiple. The price-to-book ratio is recorded at 4.21, indicating that the market values the company at a substantial premium of over four times its net asset book value, likely due to the intangible value of its contracts and operational expertise. Additionally, the price-to-sales ratio stands at 4.22, and the EV/EBITDA multiple is 10.45, suggesting that investors are willing to pay a significant premium for sales and earnings power relative to the company's enterprise value and asset base. The stock has experienced volatility within a 52-week trading range, reaching a high of $37.73 and a low of $20.36, placing the current trading price contextually between these extremes relative to the observed historical price action. The beta value of 0.90 indicates that the stock's price volatility is slightly less than the broader market benchmark, suggesting a moderate correlation with overall market movements.
Growth & Income
Archrock has demonstrated robust expansion with revenue growth of 15.5% year-over-year and earnings growth of 95.4% year-over-year, illustrating that earnings are expanding at a rate more than six times faster than revenue, which often points to significant cost leverage or margin expansion driven by operational improvements. As a dividend payer, the company offers a dividend yield of 2.3% with a payout ratio of 43.7%, suggesting that the current dividend distribution is sustainable as it covers less than half of the earnings generated. The disparity between the high earnings growth and the moderate payout ratio implies that the company retains a significant portion of its earnings to fuel reinvestment in infrastructure and future growth initiatives rather than maximizing immediate shareholder payouts. Overall, the company presents a profile characterized by aggressive earnings acceleration supported by a moderate dividend yield and a capital structure that balances high debt with strong operating margins.