Latest Ratios: P/E Ratio 30.4x · EV/EBITDA 10.4x · ROE N/A. (2009–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.7B | $2.8B | $2.7B | $2.3B | $1.9B | $1.7B | $1.3B | $1.8B | $1.4B | $1.0B | $953M |
| Enterprise Value | $6.3B | $5.3B | $5.2B | $4.6B | $4.0B | $3.7B | $3.3B | $3.6B | $3.2B | $1.8B | $1.6B |
| P/E Ratio → | 30.39 | 27.06 | 32.72 | 114.15 | — | — | — | — | — | 103.37 | 64.07 |
| P/S Ratio | 3.75 | 2.79 | 2.84 | 2.72 | 2.71 | 2.68 | 1.97 | 2.51 | 2.43 | 3.65 | 3.59 |
| P/B Ratio | — | — | 97.18 | 12.56 | 5.29 | 2.93 | 1.62 | 1.06 | — | 1.61 | 1.29 |
| P/FCF | 13.52 | 10.07 | 19.77 | 68.89 | 15.11 | 7.69 | 7.15 | 13.54 | — | 54.53 | 18.17 |
| P/OCF | 9.50 | 7.07 | 7.90 | 8.45 | 7.33 | 6.38 | 4.49 | 5.83 | 6.27 | 8.21 | 9.19 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 5.34 | 5.49 | 5.49 | 5.73 | 5.83 | 4.90 | 5.19 | 5.44 | 6.44 | 6.16 |
| EV / EBITDA | 10.43 | 8.84 | 9.33 | 9.72 | 9.94 | 9.72 | — | 9.07 | 11.39 | 8.87 | 12.93 |
| EV / EBIT | 19.76 | 17.56 | 17.23 | 19.09 | 23.43 | 25.73 | 20.08 | 21.53 | 48.62 | — | — |
| EV / FCF | — | 19.25 | 38.23 | 139.35 | 31.94 | 16.76 | 17.76 | 28.02 | — | 96.27 | 31.24 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.5% | 38.5% | 67.5% | 66.8% | 67.3% | 69.8% | 69.7% | 34.3% | 26.7% | 31.8% | 32.1% |
| Operating Margin | 31.9% | 31.9% | 31.0% | 27.4% | 24.0% | 22.3% | -69.6% | 24.1% | 11.2% | 13.2% | 12.9% |
| Net Profit Margin | 11.2% | 11.2% | 10.5% | 8.1% | 4.3% | 1.6% | -89.1% | 5.6% | -1.8% | 4.1% | 4.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | 94.5% | 25.1% | 6.5% | 1.5% | -48.1% | 9.4% | — | 1.7% | 5.1% |
| ROA | 4.1% | 4.1% | 3.6% | 2.5% | 1.1% | 0.4% | -17.8% | 1.0% | -0.4% | 0.8% | 0.9% |
| ROIC | 9.6% | 9.6% | 8.7% | 6.9% | 5.0% | 4.0% | -11.1% | 5.7% | 4.2% | 2.0% | 2.7% |
| ROCE | 12.8% | 12.8% | 11.5% | 9.2% | 6.7% | 5.3% | -14.7% | 4.7% | 2.6% | 2.6% | 2.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 90.78 | 12.84 | 5.89 | 3.45 | 2.40 | 1.13 | — | 1.23 | 0.93 |
| Debt / EBITDA | 4.23 | 4.23 | 4.51 | 4.92 | 5.24 | 5.26 | — | 4.69 | 6.30 | 3.84 | 5.41 |
| Net Debt / Equity | — | — | 90.78 | 12.84 | 5.89 | 3.45 | 2.40 | 1.13 | — | 1.23 | 0.93 |
| Net Debt / EBITDA | 4.22 | 4.22 | 4.51 | 4.92 | 5.24 | 5.26 | — | 4.69 | 6.30 | 3.84 | 5.41 |
| Debt / FCF | — | 9.18 | 18.46 | 70.46 | 16.83 | 9.07 | 10.61 | 14.48 | — | 41.74 | 13.06 |
| Interest Coverage | 1.62 | 1.62 | 1.56 | 1.43 | 1.25 | 1.10 | 1.27 | 1.32 | 0.83 | -10.46 | -1.29 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.27 | 1.27 | 1.23 | 1.21 | 1.07 | 1.09 | 1.17 | 1.22 | 1.46 | 1.04 | 1.29 |
| Quick Ratio | 0.55 | 0.55 | 0.53 | 0.60 | 0.53 | 0.64 | 0.67 | 0.73 | 0.86 | 0.59 | 0.77 |
| Cash Ratio | 0.05 | 0.05 | 0.00 | 0.00 | 0.00 | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Asset Turnover | — | 0.38 | 0.35 | 0.31 | 0.26 | 0.23 | 0.23 | 0.19 | 0.15 | 0.19 | 0.18 |
| Inventory Turnover | 4.56 | 4.56 | 2.31 | 2.45 | 2.46 | 2.22 | 2.39 | 4.99 | 4.81 | 5.72 | 6.11 |
| Days Sales Outstanding | — | 30.16 | 34.22 | 41.16 | 43.45 | 39.38 | 36.50 | 71.50 | 79.35 | 42.65 | 56.64 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 8.1% | 9.1% | 8.9% | 9.1% | 10.9% | 12.2% | 15.5% | 11.1% | 10.0% | 11.2% | 9.2% |
| Payout Ratio | 228.4% | 228.4% | 241.9% | 306.2% | 684.2% | 2007.3% | — | 496.2% | — | 997.5% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.3% | 3.7% | 3.1% | 0.9% | — | — | — | — | — | 1.0% | 1.6% |
| FCF Yield | 7.4% | 9.9% | 5.1% | 1.5% | 6.6% | 13.0% | 14.0% | 7.4% | — | 1.8% | 5.5% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 8.1% | 9.1% | 8.9% | 9.1% | 10.9% | 12.2% | 15.5% | 11.1% | 10.0% | 11.2% | 9.2% |
| Shares Outstanding | — | $121M | $115M | $101M | $98M | $97M | $97M | $97M | $109M | $62M | $55M |
Includes 30+ ratios · 17 years · Updated daily
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying USAC stock.
USA Compression Partners, LP's current P/E ratio is 30.4x. The historical average is 64.7x. This places it at the 29th percentile of its historical range.
USA Compression Partners, LP's current EV/EBITDA is 10.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.8x.
Based on historical data, USA Compression Partners, LP is trading at a P/E of 30.4x. This is at the 29th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
USA Compression Partners, LP's current dividend yield is 8.12% with a payout ratio of 228.4%.
USA Compression Partners, LP has 38.5% gross margin and 31.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
USA Compression Partners, LP's Debt/EBITDA ratio is 4.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Margin normalization and debt refinancing
Metrics are mathematically derived from official filings.
Margin Normalization Masks Underlying Strength
Gross margin fell from 69.3% in 2025Q3 to 37.8% in 2026Q2, yet operating margin improved to 29.3%, indicating cost discipline despite revenue mix shifts, as per reported financials.
The dramatic gross margin compression appears to reflect a return to normalized cost structures after an anomalous period, but operating margin expansion to 29.3% suggests that USAC is managing operating expenses effectively. Net margin of 13.3% in 2026Q2 remains healthy, though investors should monitor whether the lower gross margin persists, as it could pressure future profitability if revenue growth slows.
ROIC Recovery After Deleveraging
ROIC improved from 1.9% in 2024Q1 to 4.2% in 2026Q2, while ROE surged to 15.1%, reflecting a stronger capital base and improved asset efficiency, based on reported figures.
The improvement in ROIC, though still modest, suggests that USAC is beginning to generate better returns on its invested capital, likely aided by the dramatic debt reduction and equity rebuild. ROE's volatility, swinging from 57.0% in 2024Q4 to 15.1% in 2026Q2, indicates that equity levels are still stabilizing, and investors should watch whether ROIC can sustain its upward trajectory as the asset base expands.
Working Capital Efficiency Improves Sharply
Cash conversion cycle compressed from 174 days in 2024Q4 to 79 days in 2026Q1, driven by faster inventory turnover and improved receivables collection, as per financial statements.
The significant reduction in DIO from 175 days to 63 days suggests that USAC is managing its inventory more efficiently, possibly due to better fleet utilization or a shift in service mix. DSO also declined from 35 to 33 days, indicating disciplined receivables management. However, the CCC remains elevated relative to asset-light peers, reflecting the capital-intensive nature of the compression business, and further improvements may be limited.
Leverage Collapses After Debt Repayment
Total debt plummeted from $2.6B in 2025Q4 to $15.4M in 2026Q2, driving D/EBITDA from 16.87 to 0.08, a dramatic deleveraging event, as reported in the balance sheet.
The near-elimination of debt appears to be a transformative event, but it may be a one-time occurrence, possibly involving asset sales or equity issuance. Interest coverage improved to 2.04 in 2026Q2 from 1.46 in 2024Q1, but remains thin, suggesting that even modest debt levels could strain coverage if rates rise. Investors should monitor whether this deleveraging is sustainable or if debt will be re-leveraged for growth.
Liquidity Strengthens but Remains Thin
Current ratio improved to 1.35 in 2026Q2 from 1.23 in 2024Q4, but quick ratio fell to 1.35 from 0.53, indicating a stronger cash position, according to recent filings.
The improvement in the current ratio suggests that USAC has enhanced its short-term liquidity, but the absolute levels remain modest for a capital-intensive business. The quick ratio's rise to 1.35 indicates that inventory is not a major liquidity concern, but the company's ability to weather a severe downturn may depend on its access to credit, which is not disclosed in the data. The low cash balance of $9.5M warrants monitoring.
Misapplied Ratio: EV/EBITDA
EV/EBITDA of 10.43 appears reasonable, but it obscures the impact of heavy depreciation and maintenance capex, which are significant for USAC's asset-intensive model, as per reported data.
For a compression services provider, EBITDA is a poor proxy for cash flow because it ignores the substantial capital expenditures required to maintain the fleet. The P/FCF multiple of 13.52 provides a more accurate valuation gauge, but even that may understate the true cost of asset replacement. Investors should adjust EV/EBITDA for maintenance capex or use EV/EBITDAR to better capture the economics of this business.