AROC
Archrock, Inc.
AROC's fundamentals are strong: its operating margin rose 6 points to 30% and it turned 20% of its revenue into free cash flow. Its PE of 14x looks cheaper than it really is, because one-off gains boosted its recent earnings. Analysts expect earnings growth.
AROC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Under pressure |
AROC's profitability and cash flow are currently strong, and its revenue is stable, but its balance sheet is under pressure.
AROC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 14x | $27.09 | — |
| Forward | 14x | $27.09 | — |
| Cheap | 19x | $35.96 | +33% |
| Fair | 27x | $52.86 | +95% |
| Expensive | 39x | $75.82 | +180% |
Historical ranges are pointers, not guarantees.
AROC's PE is in its cheap range at 14.0x, but its recent earnings include one-off gains. On analysts' estimates for next year's earnings, today's price would be 13.7x.
AROC Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect AROC's earnings to grow and its profitability to improve, with its revenue holding steady.
AROC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.97 | +1.6% |
| Q3 2026 | $1.94 | +28% |
| Q2 2026 | $1.86 | +40% |
| Q1 2026 | $1.84 | +55% |
| Q4 2025 | $1.83 | +74% |
| Q3 2025 | $1.51 | +66% |
| Q2 2025 | $1.33 | +49% |
| Q1 2025 | $1.19 | +43% |
| Q4 2024 | $1.05 | +57% |
AROC's earnings per share have climbed steadily: $1.94 over the past year, up 28% from the year before, and higher year over year for 17 quarters in a row. Its recent earnings include one-off gains.
AROC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $370.8M | -3% |
| Q2 2026 | $371.2M | -3.1% |
| Q1 2026 | $373.8M | +7.7% |
| Q4 2025 | $377.1M | +16% |
| Q3 2025 | $382.4M | +31% |
| Q2 2025 | $383.2M | +42% |
| Q1 2025 | $347.2M | +29% |
| Q4 2024 | $326.4M | +26% |
AROC's revenue has held roughly level: $371M last quarter, down 3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 30% | +4.8 points |
| Q2 2026 | 25% | +2.6 points |
| Q1 2026 | 26% | -0.4 points |
| Q4 2025 | 39% | +15 points |
| Q3 2025 | 25% | +7.2 points |
| Q2 2025 | 22% | +4.9 points |
| Q1 2025 | 27% | +6.5 points |
| Q4 2024 | 24% | +7.6 points |
AROC's operating margin was 30% last quarter, up 4.8 points from the same quarter a year ago, near the top of its range since 2019.
AROC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $40.9M | +39% |
| Q2 2026 | $62.8M | +292% |
| Q1 2026 | $72.4M | +$124.9M |
| Q4 2025 | $126.7M | +381% |
| Q3 2025 | $29.5M | +9.6% |
| Q2 2025 | $16M | +$36.6M |
| Q1 2025 | -$52.5M | -238% |
| Q4 2024 | $26.4M | -25% |
AROC generated $303M in free cash flow over the past year, more than ten times what it generated the year before.
AROC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +30K shares |
| 1 year | -0.1% | -139K shares |
| 3 years | +13% | +20.4M shares |
| 5 years | +15% | +22.5M shares |
| Available history | +27% | +37.2M shares |
AROC has 175M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $4.4M |
| Q4 2025 | $15.8M |
| Q3 2025 | $25.4M |
| Q2 2025 | $28.8M |
| Q1 2025 | $223,000 |
| Q4 2024 | — |
AROC spent $20M buying back its own shares over the past year, down 63% from the year before.
AROC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.2x | Elevated |
| Q2 2026 | 3.3x | Elevated |
| Q1 2026 | 3.4x | Elevated |
| Q4 2025 | 3.5x | Elevated |
| Q3 2025 | 4.3x | High |
| Q2 2025 | 4.9x | High |
| Q1 2025 | 4.8x | High |
| Q4 2024 | 5.2x | High |
AROC's net debt is about 3.2 years of its operating earnings (EBITDA), down from 4.3 years a year ago.
AROC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 36.8 | Neutral |
| Stochastic | 20.9 | Neutral |
AROC's weekly RSI is 37 (neutral) and its Stochastic is 21 (neutral).
AROC PE vs Energy Sector
| Metric | AROC | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 13x | 6.4% above |
| PE % | 4 | 61 | 57 pts below |
AROC is trading at 14x earnings, in line with the Energy sector's median of 13x, though its recent earnings include one-off gains.
AROC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $29.5 | 8.2% below |
| 20 week MA | $32.4 | 16% below |
| 50 week MA | $32.8 | 17% below |
| 100 week MA | $28.9 | 6.3% below |
| 200 week MA | $22.3 | 21% above |
AROC has fallen below most of its moving averages, though it's still 21% above its 200-week average.
AROC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.74 | $8.75 | -10% |
| 2021 | $8.75 | $7.53 | -14% |
| 2022 | $7.53 | $8.64 | +15% |
| 2023 | $8.64 | $15.4 | +78% |
| 2024 | $15.4 | $24.5 | +59% |
| 2025 | $24.5 | $25.7 | +4.8% |
| 2026 YTD | $25.7 | $27.1 | +5.4% |
AROC has finished higher in four of the last six years, two of them by more than 50%. It's up 5.4% so far in 2026.