Usa Compression Partners Lp Financials

USAC

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 61/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

100

Usa Compression Partners Lp has an operating margin of 31.0%, meaning the company retains $31 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 27.4% the prior year.

Growth

Usa Compression Partners Lp's revenue grew 12.3% year-over-year to $950.4M, a solid pace of expansion. This earns a growth score of 64/100.

Leverage

Usa Compression Partners Lp has elevated debt relative to equity (D/E of 90.16), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity

Usa Compression Partners Lp's current ratio of 1.23 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 29/100, which could limit financial flexibility.

Cash Flow

Usa Compression Partners Lp converts 14.4% of revenue into free cash flow ($136.5M). This strong cash generation earns a score of 72/100.

Returns

100

Usa Compression Partners Lp earns a strong 358.7% return on equity (ROE), meaning it generates $359 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 37.3% the prior year.

Piotroski F-Score Strong

7/9

Usa Compression Partners Lp passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

3.43x

For every $1 of reported earnings, Usa Compression Partners Lp generates $3.43 in operating cash flow ($341.3M OCF vs $99.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

1.5x

Usa Compression Partners Lp earns $1.5 in operating income for every $1 of interest expense ($294.4M vs $193.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

This page shows Usa Compression Partners Lp (USAC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$950.4M

YoY+12.3%

5Y CAGR+6.4%

10Y CAGR+15.7%

Usa Compression Partners Lp generated $950.4M in revenue in fiscal year 2024. This represents an increase of 12.3% from the prior year.

EBITDA

$559.2M

YoY+17.0%

5Y CAGR+6.9%

10Y CAGR+17.8%

Usa Compression Partners Lp's EBITDA was $559.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 17.0% from the prior year.

Free Cash Flow

$136.5M

YoY+309.1%

5Y CAGR+1.1%

Usa Compression Partners Lp generated $136.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 309.1% from the prior year.

Net Income

$99.6M

YoY+45.9%

5Y CAGR+20.5%

Usa Compression Partners Lp reported $99.6M in net income in fiscal year 2024. This represents an increase of 45.9% from the prior year.

EPS (Diluted)

N/A

Cash & Debt

$14K

YoY+27.3%

5Y CAGR+7.0%

10Y CAGR+8.8%

Usa Compression Partners Lp held $14K in cash against $2.5B in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

118M

YoY+14.1%

5Y CAGR+4.0%

Usa Compression Partners Lp had 118M shares outstanding in fiscal year 2024. This represents an increase of 14.1% from the prior year.

Gross Margin

67.1%

YoY+0.8pp

5Y CAGR-0.3pp

Usa Compression Partners Lp's gross margin was 67.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.8 percentage points from the prior year.

Operating Margin

31.0%

YoY+3.6pp

5Y CAGR+6.9pp

10Y CAGR+14.0pp

Usa Compression Partners Lp's operating margin was 31.0% in fiscal year 2024, reflecting core business profitability. This is up 3.6 percentage points from the prior year.

Net Margin

10.5%

YoY+2.4pp

5Y CAGR+4.9pp

Usa Compression Partners Lp's net profit margin was 10.5% in fiscal year 2024, showing the share of revenue converted to profit. This is up 2.4 percentage points from the prior year.

Return on Equity

358.7%

YoY+321.4pp

5Y CAGR+356.4pp

Usa Compression Partners Lp's ROE was 358.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 321.4 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$204.9M

YoY-14.1%

5Y CAGR+3.7%

10Y CAGR-6.0%

Usa Compression Partners Lp invested $204.9M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 14.1% from the prior year.

USAC Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$950.4M+12.3%	$846.2M+20.1%	$704.6M+11.4%	$632.6M-5.2%	$667.7M-4.4%	$698.4M
Cost of Revenue	$312.7M+9.8%	$284.7M+21.5%	$234.3M+20.6%	$194.4M-5.6%	$205.9M-9.4%	$227.3M
Gross Profit	$637.7M+13.6%	$561.5M+19.4%	$470.3M+7.3%	$438.3M-5.1%	$461.7M-2.0%	$471.1M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$72.7M-0.1%	$72.7M+18.7%	$61.3M+9.3%	$56.1M-6.5%	$60.0M-6.9%	$64.4M
Operating Income	$294.4M+26.9%	$232.0M+37.0%	$169.3M+20.2%	$140.9M+130.3%	-$464.9M-376.1%	$168.4M
Interest Expense	$193.5M+13.9%	$169.9M+23.1%	$138.1M+6.3%	$129.8M+0.9%	$128.6M+1.2%	$127.1M
Income Tax	$2.2M+63.4%	$1.4M+34.4%	$1.0M+16.2%	$874K-34.4%	$1.3M-39.0%	$2.2M
Net Income	$99.6M+45.9%	$68.3M+125.2%	$30.3M+195.0%	$10.3M+101.7%	-$594.7M-1619.8%	$39.1M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$250.3M+0.1%	$250.1M+2.0%	$245.2M-0.3%	$245.9M+4.5%	$235.3M+2.6%	$229.3M+1.9%	$225.0M+3.7%	$217.1M
Cost of Revenue	$77.0M-11.0%	$86.5M+6.0%	$81.6M+5.1%	$77.7M-0.6%	$78.2M+4.1%	$75.1M+2.6%	$73.2M-2.3%	$74.9M
Gross Profit	$173.3M+5.9%	$163.6M0.0%	$163.6M-2.7%	$168.2M+7.0%	$157.2M+1.9%	$154.2M+1.5%	$151.9M+6.8%	$142.2M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$16.7M+29.5%	$12.9M-31.6%	$18.9M-7.1%	$20.3M+43.2%	$14.2M-37.9%	$22.8M+22.9%	$18.6M-7.5%	$20.1M
Operating Income	$83.9M+9.6%	$76.6M+10.4%	$69.4M-6.9%	$74.5M-3.7%	$77.4M+15.7%	$66.9M-2.4%	$68.5M+12.5%	$61.0M
Interest Expense	$47.1M-1.3%	$47.7M+0.6%	$47.4M-2.6%	$48.6M-0.4%	$48.8M+4.6%	$46.7M+4.1%	$44.8M+3.6%	$43.3M
Income Tax	$2.4M+515.6%	$391K-74.5%	$1.5M+205.2%	$503K+8.6%	$463K-1.9%	$472K+33.0%	$355K+39.2%	$255K
Net Income	$34.5M+20.8%	$28.6M+39.2%	$20.5M-19.4%	$25.4M-18.6%	$31.2M+32.5%	$23.6M+83.6%	$12.8M-38.6%	$20.9M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

USAC Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$2.7B+0.3%	$2.7B+2.7%	$2.7B-3.7%	$2.8B-6.1%	$2.9B-21.0%	$3.7B
Current Assets	$235.0M+3.8%	$226.4M+21.5%	$186.4M-9.0%	$205.0M+2.7%	$199.6M-13.6%	$230.9M
Cash & Equivalents	$14K+27.3%	$11K-68.6%	$35K	$0-100.0%	$2K-80.0%	$10K
Inventory	$133.9M+16.7%	$114.7M+22.4%	$93.8M+9.3%	$85.8M+1.4%	$84.6M-7.9%	$91.9M
Accounts Receivable	N/A	N/A	$83.8M+22.9%	$68.2M+7.0%	$63.7M-20.6%	$80.3M
Goodwill	N/A	N/A	N/A	N/A	$0-100.0%	$619.4M
Total Liabilities	$2.7B+6.4%	$2.6B+10.8%	$2.3B+5.3%	$2.2B+2.6%	$2.1B+3.0%	$2.1B
Current Liabilities	$190.7M+1.7%	$187.5M+8.0%	$173.7M-7.5%	$187.6M+10.2%	$170.3M-10.1%	$189.4M
Long-Term Debt	$2.5B+7.1%	$2.3B+10.9%	$2.1B+6.8%	$2.0B+2.4%	$1.9B+4.0%	$1.9B
Total Equity	$27.8M-84.8%	$183.0M-49.3%	$361.0M-37.6%	$578.4M-29.0%	$815.0M-50.8%	$1.7B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$2.7B-0.5%	$2.7B-1.5%	$2.7B-1.2%	$2.7B-2.7%	$2.8B+0.6%	$2.8B+2.5%	$2.7B+1.1%	$2.7B
Current Assets	$251.6M+2.7%	$245.0M+0.7%	$243.3M+3.5%	$235.0M-8.1%	$255.8M+2.8%	$248.8M+9.9%	$226.4M+1.2%	$223.7M
Cash & Equivalents	$0-100.0%	$2K0.0%	$2K-85.7%	$14K+55.6%	$9K+12.5%	$8K-27.3%	$11K+83.3%	$6K
Inventory	$137.4M+1.4%	$135.6M+0.9%	$134.3M+0.3%	$133.9M+2.0%	$131.3M+1.5%	$129.3M+12.7%	$114.7M+7.8%	$106.5M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.7B+0.6%	$2.7B-0.2%	$2.7B+0.3%	$2.7B+0.1%	$2.7B+1.9%	$2.7B+4.3%	$2.6B+3.0%	$2.5B
Current Liabilities	$184.8M-4.2%	$192.9M+16.2%	$166.0M-12.9%	$190.7M-6.8%	$204.6M+17.8%	$173.7M-7.3%	$187.5M+5.5%	$177.7M
Long-Term Debt	$2.5B+1.0%	$2.5B-1.3%	$2.5B+1.3%	$2.5B+0.7%	$2.5B+0.9%	$2.5B+5.4%	$2.3B+2.6%	$2.3B
Total Equity	-$76.8M-60.0%	-$48.0M-303.4%	-$11.9M-142.9%	$27.8M-74.2%	$107.6M-24.1%	$141.8M-22.5%	$183.0M-19.3%	$226.7M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

USAC Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$341.3M+25.5%	$271.9M+4.3%	$260.6M-1.8%	$265.4M-9.5%	$293.2M-2.5%	$300.6M
Capital Expenditures	$204.9M-14.1%	$238.5M+77.7%	$134.2M+196.9%	$45.2M-58.5%	$109.1M-36.3%	$171.1M
Free Cash Flow	$136.5M+309.1%	$33.4M-73.6%	$126.4M-42.6%	$220.2M+19.6%	$184.1M+42.3%	$129.4M
Investing Cash Flow	-$202.0M+13.2%	-$232.7M-79.0%	-$129.9M-231.6%	-$39.2M+62.7%	-$105.1M+27.3%	-$144.5M
Financing Cash Flow	-$139.3M-254.9%	-$39.3M+69.9%	-$130.6M+42.3%	-$226.2M-20.3%	-$188.1M-20.4%	-$156.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$75.9M-38.9%	$124.2M+127.3%	$54.7M-58.0%	$130.2M+34.6%	$96.7M+46.8%	$65.9M-28.0%	$91.6M+82.9%	$50.1M
Capital Expenditures	$24.0M+3.5%	$23.2M+26.1%	$18.4M-36.7%	$29.0M-40.2%	$48.5M-50.8%	$98.6M+24.1%	$79.5M+51.0%	$52.6M
Free Cash Flow	$51.9M-48.7%	$101.1M+178.6%	$36.3M-64.1%	$101.2M+109.9%	$48.2M+247.4%	-$32.7M-369.5%	$12.1M+571.3%	-$2.6M
Investing Cash Flow	-$23.4M-4.6%	-$22.4M-23.9%	-$18.0M+33.0%	-$26.9M+44.1%	-$48.1M+51.2%	-$98.6M-24.4%	-$79.3M-64.8%	-$48.1M
Financing Cash Flow	-$52.5M+48.5%	-$101.9M-178.2%	-$36.6M+64.6%	-$103.3M-112.6%	-$48.6M-248.8%	$32.7M+364.7%	-$12.3M-512.3%	-$2.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

USAC Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	67.1%+0.8pp	66.3%-0.4pp	66.7%-2.5pp	69.3%+0.1pp	69.2%+1.7pp	67.5%
Operating Margin	31.0%+3.6pp	27.4%+3.4pp	24.0%+1.8pp	22.3%+91.9pp	-69.6%-93.7pp	24.1%
Net Margin	10.5%+2.4pp	8.1%+3.8pp	4.3%+2.7pp	1.6%+90.7pp	-89.1%-94.7pp	5.6%
Return on Equity	358.7%+321.4pp	37.3%+28.9pp	8.4%+6.6pp	1.8%	N/A	2.4%
Return on Assets	3.6%+1.1pp	2.5%+1.3pp	1.1%+0.8pp	0.4%+20.5pp	-20.2%-21.2pp	1.1%
Current Ratio	1.23+0.0	1.21+0.1	1.07-0.0	1.09-0.1	1.17-0.0	1.22
Debt-to-Equity	90.16+77.4	12.76+6.9	5.84+2.4	3.41+1.0	2.36+1.2	1.12
FCF Margin	14.4%+10.4pp	3.9%-14.0pp	17.9%-16.9pp	34.8%+7.2pp	27.6%+9.0pp	18.5%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	69.3%+3.8pp	65.4%-1.3pp	66.7%-1.7pp	68.4%+1.6pp	66.8%-0.5pp	67.3%-0.2pp	67.5%+2.0pp	65.5%
Operating Margin	33.5%+2.9pp	30.6%+2.3pp	28.3%-2.0pp	30.3%-2.6pp	32.9%+3.7pp	29.2%-1.3pp	30.5%+2.4pp	28.1%
Net Margin	13.8%+2.4pp	11.4%+3.1pp	8.4%-2.0pp	10.3%-2.9pp	13.3%+3.0pp	10.3%+4.6pp	5.7%-3.9pp	9.6%
Return on Equity	N/A	N/A	N/A	91.6%+62.6pp	29.0%+12.4pp	16.6%+9.6pp	7.0%-2.2pp	9.2%
Return on Assets	1.3%+0.2pp	1.1%+0.3pp	0.8%-0.2pp	0.9%-0.2pp	1.1%+0.3pp	0.8%+0.4pp	0.5%-0.3pp	0.8%
Current Ratio	1.36+0.1	1.27-0.2	1.47+0.2	1.23-0.0	1.25-0.2	1.43+0.2	1.21-0.1	1.26
Debt-to-Equity	-32.93+19.2	-52.14+160.9	-213.09-303.2	90.16+67.1	23.08+5.7	17.36+4.6	12.76+2.7	10.04
FCF Margin	20.7%-19.7pp	40.4%+25.6pp	14.8%-26.3pp	41.1%+20.7pp	20.5%+34.8pp	-14.3%-19.7pp	5.4%+6.6pp	-1.2%

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Frequently Asked Questions

What is Usa Compression Partners Lp's annual revenue?

Usa Compression Partners Lp (USAC) reported $950.4M in total revenue for fiscal year 2024. This represents a 12.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Usa Compression Partners Lp's revenue growing?

Usa Compression Partners Lp (USAC) revenue grew by 12.3% year-over-year, from $846.2M to $950.4M in fiscal year 2024.

Is Usa Compression Partners Lp profitable?

Yes, Usa Compression Partners Lp (USAC) reported a net income of $99.6M in fiscal year 2024, with a net profit margin of 10.5%.

What is Usa Compression Partners Lp's EBITDA?

Usa Compression Partners Lp (USAC) had EBITDA of $559.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Usa Compression Partners Lp have?

As of fiscal year 2024, Usa Compression Partners Lp (USAC) had $14K in cash and equivalents against $2.5B in long-term debt.

What is Usa Compression Partners Lp's gross margin?

Usa Compression Partners Lp (USAC) had a gross margin of 67.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Usa Compression Partners Lp's operating margin?

Usa Compression Partners Lp (USAC) had an operating margin of 31.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Usa Compression Partners Lp's net profit margin?

Usa Compression Partners Lp (USAC) had a net profit margin of 10.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Usa Compression Partners Lp's return on equity (ROE)?

Usa Compression Partners Lp (USAC) has a return on equity of 358.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Usa Compression Partners Lp's free cash flow?

Usa Compression Partners Lp (USAC) generated $136.5M in free cash flow during fiscal year 2024. This represents a 309.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Usa Compression Partners Lp's operating cash flow?

Usa Compression Partners Lp (USAC) generated $341.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Usa Compression Partners Lp's total assets?

Usa Compression Partners Lp (USAC) had $2.7B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Usa Compression Partners Lp's capital expenditures?

Usa Compression Partners Lp (USAC) invested $204.9M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Usa Compression Partners Lp have outstanding?

Usa Compression Partners Lp (USAC) had 118M shares outstanding as of fiscal year 2024.

What is Usa Compression Partners Lp's current ratio?

Usa Compression Partners Lp (USAC) had a current ratio of 1.23 as of fiscal year 2024, which is considered adequate.

What is Usa Compression Partners Lp's debt-to-equity ratio?

Usa Compression Partners Lp (USAC) had a debt-to-equity ratio of 90.16 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Usa Compression Partners Lp's return on assets (ROA)?

Usa Compression Partners Lp (USAC) had a return on assets of 3.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Usa Compression Partners Lp's Piotroski F-Score?

Usa Compression Partners Lp (USAC) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Usa Compression Partners Lp's earnings high quality?

Usa Compression Partners Lp (USAC) has an earnings quality ratio of 3.43x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Usa Compression Partners Lp cover its interest payments?

Usa Compression Partners Lp (USAC) has an interest coverage ratio of 1.5x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Usa Compression Partners Lp?

Usa Compression Partners Lp (USAC) scores 61 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.