AROC vs WES
Archrock, Inc. and Western Midstream Partners, LP, side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | AROC | WES |
|---|---|---|
| Revenue | $1.5B | $3.8B |
| Net income | $322.3M | $1.2B |
| Gross margin | 48.6% | 94.6% |
| Net margin | 21.6% | 31.5% |
| Return on equity | 22.9% | · |
| Diluted EPS | $1.83 | · |
| Dividend / share | $0.80 | · |
| Payout ratio | 43.9% | 121.2% |
| Free cash flow | $119.6M | · |
| Equity | $1.5B | · |
| Net debt / equity | 1.62× | · |
| Current ratio | 1.54× | 1.34× |
| Revenue CAGR 5y | 11.2% | 6.7% |
| Profit CAGR 5y | · | 17.5% |
WES bills 2.6× the revenue of AROC, and keeps more of each dollar of revenue as profit (31.5% against 21.6%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | AROC | WES |
|---|---|---|
| FY2025 | $1.5B | $3.8B |
| FY2024 | $1.2B | $3.6B |
| FY2023 | $990.3M | $3.1B |
| FY2022 | $845.6M | $3.3B |
| FY2021 | $781.5M | $2.9B |
| FY2020 | $875.0M | $2.8B |
| FY2019 | $965.5M | $2.7B |
| FY2018 | $904.4M | $2.3B |
| FY2017 | $794.7M | $2.4B |
| FY2016 | $807.1M | $1.8B |
Bottom line
| Fiscal year | AROC | WES |
|---|---|---|
| FY2025 | $322.3M | $1.2B |
| FY2024 | $172.2M | $1.6B |
| FY2023 | $105.0M | $1.0B |
| FY2022 | $44.3M | $1.2B |
| FY2021 | $28.2M | $916.3M |
| FY2020 | $-68.4M | $527.0M |
| FY2019 | $97.3M | $697.2M |
| FY2018 | $21.1M | $551.6M |
| FY2017 | $19.0M | $540.8M |
| FY2016 | $-54.6M | $345.8M |
15 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$2,353,585,000 | WES |
| FY2024 | −$2,447,632,000 | WES |
| FY2023 | −$2,116,139,000 | WES |
| FY2022 | −$2,406,153,000 | WES |
| FY2021 | −$2,095,694,000 | WES |
| FY2020 | −$1,897,622,000 | WES |
| FY2019 | −$1,780,689,000 | WES |
| FY2018 | −$1,400,967,000 | WES |
| FY2017 | −$1,634,959,000 | WES |
| FY2016 | −$997,201,000 | WES |
| FY2015 | −$753,964,000 | WES |
| FY2014 | −$574,224,000 | WES |
| FY2013 | −$222,710,000 | WES |
| FY2012 | +$1,899,770,000 | AROC |
| FY2011 | +$1,743,220,000 | AROC |
The higher-revenue side has changed between AROC and WES over this period. The gap has widened since the earliest year compared.
15 of 18 comparable fiscal years — a year missing data on either side is not counted.
15 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −9.9 pp | WES |
| FY2024 | −29.8 pp | WES |
| FY2023 | −23.1 pp | WES |
| FY2022 | −33.2 pp | WES |
| FY2021 | −29.2 pp | WES |
| FY2020 | −26.5 pp | WES |
| FY2019 | −19.3 pp | WES |
| FY2018 | −24.1 pp | WES |
| FY2017 | −28.0 pp | WES |
| FY2016 | −41.2 pp | WES |
| FY2015 | −13.2 pp | WES |
| FY2014 | −20.3 pp | WES |
| FY2013 | −11.7 pp | WES |
| FY2012 | −14.8 pp | WES |
| FY2011 | −33.7 pp | WES |
WES has kept the higher net margin in every one of these 15 fiscal years.
15 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
WES's net margin has been more volatile than AROC's over the 15 comparable fiscal years — 10.3 percentage points of standard deviation against 10.1.
15 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
WES led in net margin in every one of the 15 comparable fiscal years — a structural lead, not a recent swing.
15 of 18 comparable fiscal years — a year missing data on either side is not counted.