USA Compression Partners, LP (USAC) stock analysis
Close on Nov 10, 2026Market cap $3.70BP/E –Yield –
StockData Score
Prices as of Nov 11, 2026How the score works
Weak8 of 30 checks passed
USA Compression Partners, LP passes 8 of the 30 checks behind our score; 14 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 1/6
- Growth
- 2/6
- Past performance
- 1/6
- Financial health
- 1/6
- Dividend
- 3/6
What stands out
Trading below fair value
The share price of $25.52 is below our fair value estimate of $31.54.
Revenue growing 10%+ a year
Revenue grew 12.3% a year over the last three fiscal years.
Growing faster than the industry
Revenue grew 29.4% over the last twelve months; the Gas Production and Distribution median is 13.6%.
Net margin above its 5-year average
Net margin was 12.4% over the last twelve months, against a 5-year average of 7.1%.
What to watch
Margin of safety under 20%
The price is 19.1% below fair value, less than the 20% cushion we look for.
Interest not well covered
Operating income covers interest expense 1.9 times; we look for at least 5.
Debt not well covered by cash flow
Operating cash flow over the last twelve months equals 16.3% of total debt; we look for at least 20%.
Elevated bankruptcy risk
The Altman Z-score is 1.35; above 3 is the safe zone and below 1.8 the distress zone.
Valuation1/6
P/E against its history
Not enough price and earnings history to compare.
P/E against the industry
Needs positive earnings and enough profitable companies in the industry.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/S above the industry
USA Compression Partners, LP's price-to-sales of 2.88 is above the Gas Production and Distribution median of 2.68 (book value is negative, so we use sales).
Trading below fair value
The share price of $25.52 is below our fair value estimate of $31.54.
Margin of safety under 20%
The price is 19.1% below fair value, less than the 20% cushion we look for.
Growth2/6
Revenue growing 10%+ a year
Revenue grew 12.3% a year over the last three fiscal years.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing faster than the industry
Revenue grew 29.4% over the last twelve months; the Gas Production and Distribution median is 13.6%.
Guidance lowered
USA Compression Partners, LP lowered its Full-Year 2026 Maintenance capital expenditures outlook on Nov 3, 2026.
Gross margin slipping
Gross margin was 64.0% over the last twelve months, against 67.4% a year earlier.
Past performance1/6
Return on equity
Needs positive equity and five years of results.
Return on invested capital
Needs operating income and invested capital.
Return on equity against the industry
Needs positive equity.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin above its 5-year average
Net margin was 12.4% over the last twelve months, against a 5-year average of 7.1%.
Net margin below the industry
USA Compression Partners, LP's net margin of 12.4% is below the Gas Production and Distribution median of 13.1%.
Financial health1/6
Debt level
Needs debt and equity figures.
Debt trend
Needs a balance sheet from five years ago with positive equity.
Debt not well covered by cash flow
Operating cash flow over the last twelve months equals 16.3% of total debt; we look for at least 20%.
Interest not well covered
Operating income covers interest expense 1.9 times; we look for at least 5.
Short-term assets cover short-term debts
Current assets are 1.46 times current liabilities.
Elevated bankruptcy risk
The Altman Z-score is 1.35; above 3 is the safe zone and below 1.8 the distress zone.
Dividend3/6
Pays a dividend
USA Compression Partners, LP paid dividends worth 6.2% of the share price over the last twelve months.
Yield above Treasuries
The 6.2% yield is above the 4.4% on a 1-year Treasury.
Yield in the top quarter
The top quarter of US dividend payers yield 3.8% or more; USA Compression Partners, LP yields 6.2%.
Dividend stability
Fewer than five years of dividend history.
Earnings cover
Needs dividends paid and net income.
Cash-flow cover
Needs dividends paid and free cash flow.
Fair value
How we estimate itOur estimate per share
$31.54
The share price is 19% below this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| EV/EBITDA | 12.3× | – | 12.3× | $39.18 | 70% |
| Earnings power | 7.5% cost of equity | – | – | $13.71 | 30% |
| Fair value | $31.54 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Medium risk
- Average value traded per day
- $5.30M
- Value traded per 1% price move
- $4.15M
Downside
Low risk
- Typical loss in a bad month
- 12.3%
- Volatility (annualized)
- 28%
- Sharpe ratio, 1 year
- 0.11
- Beta to the S&P 500 (5Y)
- 0.52
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +5.0% | +12.3% | +8.4% | +13.9% | |
| Gross profit | +5.0% | +12.5% | +7.7% | – | |
| Operating income | +4.1% | +21.9% | – | – | |
| Net income | +11.8% | +54.3% | – | – | |
| Free cash flow | +102.9% | +29.9% | +8.5% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on assets | -1.8% | -17.8% | 4.1% | |
| Current ratio | 1.29 | 1.17 | 1.27 | |
| Net debt to EBITDA | 5.24× | -8.53× | 4.25× | |
| Interest coverage | -1.3× | -3.6× | 1.6× | |
| Inventory turnover | – | 2.3× | 2.5× | |
| Capex to revenue | 23.3% | 16.3% | 11.8% |
Where the cash went
Fiscal 2021 to 2025, five years combined
USA Compression Partners, LP generated $1.53B from operations and spent $740.09M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
DuPont needs revenue, assets and equity
This company does not report all three for consecutive years.
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero$111.32M
- Cash generatingOperating cash flow above zero$394.26M
- Return on assets improvedROA up on the prior year3.6% → 4.1%
- Earnings backed by cashOperating cash flow above net income$394.26M vs $111.32M
- Less leverageLong-term debt to assets fell91.1% → 96.3%
- Better liquidityCurrent ratio rose1.23 → 1.27
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year67.10% → 67.06%
- More efficientAsset turnover rose0.35 → 0.36
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