Usa Compression Partners Lp Financials
Usa Compression Partners Lp (USAC) reported $998.1M in revenue for fiscal year 2025, up 5.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Heavy depreciation and easing reinvestment make cash conversion the clearest driver of this partnership's economics.
From FY2023 to FY2025, free cash flow climbed from$33.4M to$277.0M , a shift that says more about a lighter reinvestment cycle than about a sudden change in demand. In FY2025, operating cash flow of$394.3M still far exceeded net income of$111.3M , showing how large depreciation charges can suppress accounting profit while the underlying assets keep throwing off cash.
Margin shape looks stable rather than flashy: gross margin stayed near
The balance sheet is cash-light but liability-funded: FY2025 ended with just
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Usa Compression Partners Lp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Usa Compression Partners Lp passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Usa Compression Partners Lp generates $3.54 in operating cash flow ($394.3M OCF vs $111.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Usa Compression Partners Lp earns $1.64 in operating income for every $1 of interest expense ($306.5M vs $187.4M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Usa Compression Partners Lp generated $998.1M in revenue in fiscal year 2025. This represents an increase of 5.0% from the prior year.
Usa Compression Partners Lp's EBITDA was $591.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 5.7% from the prior year.
Usa Compression Partners Lp reported $111.3M in net income in fiscal year 2025. This represents an increase of 11.8% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Usa Compression Partners Lp generated $277.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 102.9% from the prior year.
Usa Compression Partners Lp held $8.6M in cash against $2.5B in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Usa Compression Partners Lp's gross margin was 67.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. That is unchanged from the prior year.
Usa Compression Partners Lp's operating margin was 30.7% in fiscal year 2025, reflecting core business profitability. This is down 0.3 percentage points from the prior year.
Usa Compression Partners Lp's net profit margin was 11.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.7 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Usa Compression Partners Lp invested $117.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 42.8% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
USAC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2B | $998.1M+5.0% | $950.4M+12.3% | $846.2M+20.1% | $704.6M+11.4% | $632.6M-5.2% | $667.7M-4.4% | $698.4M+19.5% | $584.4M+111.2% | $276.7M+4.8% | $263.9M-2.4% | $270.5M+22.1% | $221.5M+44.9% | $152.9M+28.7% | $118.8M+20.3% | $98.7M |
| Cost of Revenue | $403.4M | $328.8M+5.1% | $312.7M+9.8% | $284.7M+21.5% | $234.3M+20.6% | $194.4M-5.6% | $205.9M-9.4% | $227.3M+5.9% | $214.7M+71.5% | $125.2M | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $772.8M | $669.3M+5.0% | $637.7M+13.6% | $561.5M+19.4% | $470.3M+7.3% | $438.3M-5.1% | $461.7M-2.0% | $471.1M+27.4% | $369.6M+144.0% | $151.5M | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $98.8M | $66.3M-8.7% | $72.7M-0.1% | $72.7M+18.7% | $61.3M+9.3% | $56.1M-6.5% | $60.0M-6.9% | $64.4M-6.7% | $69.0M+176.6% | $24.9M+9.7% | $22.7M-44.5% | $41.0M+5.8% | $38.7M+40.3% | $27.6M+51.0% | $18.3M+43.6% | $12.7M |
| Operating Income | $352.3M | $306.5M+4.1% | $294.4M+26.9% | $232.0M+37.0% | $169.3M+20.2% | $140.9M+130.3% | -$464.9M-376.1% | $168.4M+157.8% | $65.3M+124.9% | -$262.7M-874.5% | -$27.0M+80.1% | -$135.6M-461.0% | $37.6M+57.6% | $23.8M+15.8% | $20.6M+56.2% | $13.2M |
| Interest Expense | $190.6M | $187.4M-3.1% | $193.5M+13.9% | $169.9M+23.1% | $138.1M+6.3% | $129.8M+0.9% | $128.6M+1.2% | $127.1M+62.2% | $78.4M | $0-100.0% | $21.1M+19.8% | $17.6M+40.5% | $12.5M+0.3% | $12.5M-21.5% | $15.9M+22.6% | $13.0M |
| Income Tax | $12.5M | $4.9M+118.2% | $2.2M+63.4% | $1.4M+34.4% | $1.0M+16.2% | $874K-34.4% | $1.3M-39.0% | $2.2M+188.4% | -$2.5M-234.2% | $1.8M+1230.7% | -$163K-115.0% | $1.1M+953.4% | $103K-63.2% | $280K+42.9% | $196K+26.5% | $155K |
| Net Income | $146.2M | $111.3M+11.8% | $99.6M+45.9% | $68.3M+125.2% | $30.3M+195.0% | $10.3M+101.7% | -$594.7M-1619.8% | $39.1M+470.9% | -$10.6M+96.0% | -$264.7M-882.5% | -$26.9M+82.5% | -$154.3M | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: R&D Expenses, EPS (Diluted).
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
USAC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.6B-4.6% | $2.7B+0.3% | $2.7B+2.7% | $2.7B-3.7% | $2.8B-6.1% | $2.9B-21.0% | $3.7B-1.2% | $3.8B+119.6% | $1.7B+16.7% | $1.5B-2.5% | $1.5B-0.4% | $1.5B+27.9% | $1.2B+35.9% | $872.6M | N/A |
| Current Assets | $236.6M+0.7% | $235.0M+3.8% | $226.4M+21.5% | $186.4M-9.0% | $205.0M+2.7% | $199.6M-13.6% | $230.9M+6.1% | $217.7M+193.5% | $74.2M+1.7% | $73.0M+37.8% | $53.0M+39.3% | $38.0M+16.0% | $32.8M+121.8% | $14.8M | N/A |
| Cash & Equivalents | $8.6M+61071.4% | $14K+27.3% | $11K-68.6% | $35K | $0-100.0% | $2K-80.0% | $10K-89.9% | $99K-97.5% | $4.0M-71.7% | $14.2M+26.0% | $11.3M+187433.3% | $6K-14.3% | $7K0.0% | $7K+133.3% | $3K |
| Inventory | $134.5M+0.4% | $133.9M+16.7% | $114.7M+22.4% | $93.8M+9.3% | $85.8M+1.4% | $84.6M-7.9% | $91.9M+3.3% | $89.0M+167.9% | $33.2M+12.4% | $29.6M+56.6% | $18.9M+111.5% | $8.9M-10.2% | $9.9M+135.8% | $4.2M | N/A |
| Accounts Receivable | N/A | N/A | N/A | $83.8M+22.9% | $68.2M+7.0% | $63.7M-20.6% | $80.3M+6.2% | $75.6M+131.1% | $32.7M+1.4% | $32.2M+13.3% | $28.5M+13.1% | $25.2M+25.3% | $20.1M+133.0% | $8.6M | N/A |
| Goodwill | $0 | N/A | N/A | N/A | N/A | $0-100.0% | $619.4M0.0% | $619.4M+144.4% | $253.4M+606.6% | $35.9M0.0% | $35.9M-82.8% | $208.1M0.0% | $208.1M+32.5% | $157.1M | N/A |
| Total Liabilities | $2.7B+0.5% | $2.7B+6.4% | $2.6B+10.8% | $2.3B+5.3% | $2.2B+2.6% | $2.1B+3.0% | $2.1B+8.0% | $1.9B+3447.3% | $54.1M | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | $186.9M-2.0% | $190.7M+1.7% | $187.5M+8.0% | $173.7M-7.5% | $187.6M+10.2% | $170.3M-10.1% | $189.4M+26.6% | $149.6M+217.7% | $47.1M-16.5% | $56.4M-8.2% | $61.4M-25.2% | $82.1M+44.2% | $57.0M+112.1% | $26.9M | N/A |
| Long-Term Debt | $2.5B+0.9% | $2.5B+7.1% | $2.3B+10.9% | $2.1B+6.8% | $2.0B+2.4% | $1.9B+4.0% | $1.9B+5.3% | $1.8B | N/A | $685.4M-6.0% | $729.2M+22.6% | $594.9M+41.3% | $420.9M-16.2% | $502.3M | N/A |
| Total Equity | -$112.5M-505.3% | $27.8M-84.8% | $183.0M-49.3% | $361.0M-37.6% | $578.4M-29.0% | $815.0M-50.8% | $1.7B-10.7% | $1.9B+11.5% | $1.7B | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Retained Earnings.
USAC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $447.2M | $394.3M+15.5% | $341.3M+25.5% | $271.9M+4.3% | $260.6M-1.8% | $265.4M-9.5% | $293.2M-2.5% | $300.6M+32.8% | $226.3M+66.5% | $136.0M+4.5% | $130.1M+10.8% | $117.4M+15.2% | $101.9M+49.4% | $68.2M+62.5% | $42.0M+24.2% | $33.8M |
| Capital Expenditures | $137.3M | $117.3M-42.8% | $204.9M-14.1% | $238.5M+77.7% | $134.2M+196.9% | $45.2M-58.5% | $109.1M-36.3% | $171.1M-35.8% | $266.6M+69.5% | $157.3M+155.4% | $61.6M-78.1% | $281.1M-26.4% | $381.9M+139.4% | $159.5M-11.4% | $180.0M+35.1% | $133.3M |
| Free Cash Flow | $309.8M | $277.0M+102.9% | $136.5M+309.1% | $33.4M-73.6% | $126.4M-42.6% | $220.2M+19.6% | $184.1M+42.3% | $129.4M+421.8% | -$40.2M-88.5% | -$21.3M-131.2% | $68.5M+141.9% | -$163.6M+41.6% | -$280.1M-206.5% | -$91.4M+33.8% | -$138.0M-38.7% | -$99.5M |
| Investing Cash Flow | -$577.4M | -$115.0M+43.1% | -$202.0M+13.2% | -$232.7M-79.0% | -$129.9M-231.6% | -$39.2M+62.7% | -$105.1M+27.3% | -$144.5M+81.5% | -$779.7M-447.3% | -$142.5M-287.5% | -$36.8M+86.8% | -$278.2M | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $139.8M | -$270.8M-94.3% | -$139.3M-254.9% | -$39.3M+69.9% | -$130.6M+42.3% | -$226.2M-20.3% | -$188.1M-20.4% | -$156.2M-128.4% | $549.4M+15086.6% | -$3.7M+95.9% | -$90.4M-156.2% | $160.8M | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
USAC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 67.1%0.0pp | 67.1%+0.8pp | 66.3%-0.4pp | 66.7%-2.5pp | 69.3%+0.1pp | 69.2%+1.7pp | 67.5%+4.2pp | 63.2%+8.5pp | 54.8% | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 30.7%-0.3pp | 31.0%+3.6pp | 27.4%+3.4pp | 24.0%+1.8pp | 22.3%+91.9pp | -69.6%-93.7pp | 24.1%+12.9pp | 11.2%+106.1pp | -94.9%-84.7pp | -10.2%+39.9pp | -50.1%-67.1pp | 17.0%+1.4pp | 15.6%-1.7pp | 17.3%+4.0pp | 13.3% |
| Net Margin | 11.2%+0.7pp | 10.5%+2.4pp | 8.1%+3.8pp | 4.3%+2.7pp | 1.6%+90.7pp | -89.1%-94.7pp | 5.6%+7.4pp | -1.8%+93.9pp | -95.7%-85.5pp | -10.2%+46.8pp | -57.0% | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | 358.7%+321.4pp | 37.3%+28.9pp | 8.4%+6.6pp | 1.8%+74.8pp | -73.0%-75.3pp | 2.4%+2.9pp | -0.6%+15.3pp | -15.9% | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 4.3%+0.6pp | 3.6%+1.1pp | 2.5%+1.3pp | 1.1%+0.8pp | 0.4%+20.5pp | -20.2%-21.2pp | 1.1%+1.3pp | -0.3%+15.1pp | -15.4%-13.6pp | -1.8%+8.4pp | -10.2% | N/A | N/A | N/A | N/A |
| Current Ratio | 1.270.0x | 1.230.0x | 1.21+0.1x | 1.070.0x | 1.09-0.1x | 1.170.0x | 1.22-0.2x | 1.46-0.1x | 1.58+0.3x | 1.29+0.4x | 0.86+0.4x | 0.46-0.1x | 0.580.0x | 0.55 | N/A |
| Debt-to-Equity | N/A | 90.16+77.4x | 12.76+6.9x | 5.84+2.4x | 3.41+1.0x | 2.36+1.2x | 1.12+0.2x | 0.95+0.9x | 0.03 | N/A | N/A | N/A | N/A | N/A | N/A |
| FCF Margin | 27.8%+13.4pp | 14.4%+10.4pp | 3.9%-14.0pp | 17.9%-16.9pp | 34.8%+7.2pp | 27.6%+9.0pp | 18.5%+25.4pp | -6.9%+0.8pp | -7.7%-33.7pp | 25.9%+86.4pp | -60.5% | -126.4% | -59.7% | -116.2% | -100.8% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.
Note: Shareholder equity is negative (-$112.5M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Where Usa Compression Partners Lp Ranks
Frequently Asked Questions
What is Usa Compression Partners Lp's annual revenue?
Usa Compression Partners Lp (USAC) reported $998.1M in total revenue for fiscal year 2025. This represents a 5.0% 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 5.0% year-over-year, from $950.4M to $998.1M in fiscal year 2025.
Is Usa Compression Partners Lp profitable?
Yes, Usa Compression Partners Lp (USAC) reported a net income of $111.3M in fiscal year 2025, with a net profit margin of 11.2%.
What is Usa Compression Partners Lp's EBITDA?
Usa Compression Partners Lp (USAC) had EBITDA of $591.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Usa Compression Partners Lp have?
As of fiscal year 2025, Usa Compression Partners Lp (USAC) had $8.6M 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 2025, 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 30.7% in fiscal year 2025, 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 11.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Usa Compression Partners Lp's free cash flow?
Usa Compression Partners Lp (USAC) generated $277.0M in free cash flow during fiscal year 2025. This represents a 102.9% 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 $394.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Usa Compression Partners Lp's total assets?
Usa Compression Partners Lp (USAC) had $2.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Usa Compression Partners Lp's capital expenditures?
Usa Compression Partners Lp (USAC) invested $117.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Usa Compression Partners Lp's current ratio?
Usa Compression Partners Lp (USAC) had a current ratio of 1.27 as of fiscal year 2025, which is considered adequate.
What is Usa Compression Partners Lp's return on assets (ROA)?
Usa Compression Partners Lp (USAC) had a return on assets of 4.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is Usa Compression Partners Lp's debt-to-equity ratio negative or not reported?
Usa Compression Partners Lp (USAC) has negative shareholder equity of -$112.5M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Usa Compression Partners Lp's Piotroski F-Score?
Usa Compression Partners Lp (USAC) has a Piotroski F-Score of 6 out of 9, indicating neutral 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 to 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 3.54x, 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 1.64x, 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 62 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.