USA Compression Partners, LP Financial Ratios — USAC Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	- -	1.02	1.85	-10.2	-1.81	-16.59	-0.38	1.04	-17.81	0.36	1.12	2.53	3.63	4.15
Return on Capital (%)	1.29	3.52	4.92	7.37	- -	- -	- -	- -	8.79	- -	6.6	7.97	10.5	11.87	11.52
Return on Invested Capital (%)	0.65	2.58	2.4	2.92	- -	- -	- -	- -	4.65	- -	4.96	6.6	9.49	11.58	12.29
Gross Margin (%)	26.72	32.93	33.94	34.45	38.36	-1.55	-5.45	26.69	34.31	33.37	31.53	33.15	37.27	39.24	38.52
EBITDA Margin (%)	46.99	52.8	50.51	49.1	54.73	48.61	45.73	51.45	58.23	60.17	60.41	58.05	57.76	59.45	60.41
Operating Margin (%)	13.83	17.55	15.9	16.97	23.22	-10.17	-14.47	14.88	25.09	24.38	22.67	24.45	28.68	31.6	31.87
Incremental Operating Margin (%)	-136.68	35.83	10.18	19.37	51.43	- -	- -	41.27	77.43	40.49	55.34	40.17	49.69	55.28	37.43
Pretax Margin (%)	0.23	3.96	7.42	11.31	-56.62	-10.27	-95.02	-2.23	5.92	-88.87	1.76	4.45	8.23	10.71	11.64
Profit Margin (%)	- -	- -	6.89	11.26	-57.02	-10.21	-95.69	-1.81	5.6	-89.07	1.62	4.3	8.07	10.48	11.15
Net Income to Common Margin (%)	- -	- -	6.75	10.92	-56.48	-10.73	-96.23	-8.04	-1.38	-96.38	-6.08	-2.62	2.42	8.63	10.32
Effective Tax Rate (%)	69.2	4.17	2.47	0.41	- -	- -	- -	- -	5.29	- -	7.84	3.24	1.96	2.19	4.19
Dvd Payout Ratio (%)	- -	- -	133.13	130.59	-30.47	4.82	0.56	-277	-2,018.88	-31.81	-536.32	-1,125.47	1,024.86	301.96	250.99
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	364	502	421	595	729	685	783	1,759	1,870	1,948	1,992	2,123	2,351	2,514	2,535
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	364	502	421	595	729	685	783	1,759	1,870	1,948	1,992	2,123	2,351	2,514	2,535
Total Debt/EBITDA	7.84	8.01	5.45	5.47	4.93	5.34	6.19	5.85	4.6	4.85	5.21	5.19	4.81	4.45	4.2
Net Debt/EBITDA	7.84	8.01	5.45	5.47	4.93	5.34	6.16	5.85	4.55	4.8	5.16	5.15	4.78	4.43	4.17
Total Debt/EBIT	26.65	24.1	17.31	15.82	11.61	-25.54	-19.56	20.23	10.67	11.97	13.89	12.32	9.69	8.37	7.97
Net Debt/EBIT	26.65	24.1	17.31	15.82	11.61	-25.54	-19.46	20.23	10.57	11.84	13.76	12.23	9.63	8.33	7.91
EBITDA to Interest Expense	3.58	3.94	6.18	8.68	8.41	- -	- -	3.84	3.2	3.12	2.94	2.96	2.88	2.92	3.22
EBITDA-CapEx/Interest Expense	2.96	3.94	6.18	8.68	8.41	- -	- -	3.84	3.2	3.12	2.94	2.96	2.88	2.92	3.22
EBIT to Interest Expense	1.05	1.31	1.95	3	3.57	- -	- -	1.11	1.38	1.27	1.1	1.25	1.43	1.55	1.7
Interest Expense	13	16	12	13	18	- -	- -	78	127	129	130	138	170	193	187
Common Equity/Total Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Equity (%)	107.3	146.21	59.48	70.86	101.52	93.95	47.02	94.77	112.77	239.06	344.35	588.02	1,284.26	9,057.7	- -
Long-Term Debt/Capital (%)	99.99	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Long-Term Debt/Total Assets (%)	49.98	57.56	35.5	39.23	48.3	46.55	45.55	46.6	50.12	66.07	71.96	79.63	85.9	91.57	96.75
Total Debt/Equity (%)	107.31	146.21	59.48	70.86	101.52	93.95	47.02	94.77	112.77	239.06	344.35	588.02	1,284.26	9,057.7	-2,253
Total Debt/Capital (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Total Debt/Total Assets (%)	49.98	57.56	35.5	39.23	48.3	46.55	45.55	46.6	50.12	66.07	71.96	79.63	85.9	91.57	96.75
Net Debt to Equity	107.31	146.21	59.48	70.86	101.52	93.94	46.78	94.76	111.73	236.45	341.14	583.53	1,276.2	9,015.57	-2,235.88
Net Debt/Capital (%)	100	100	100	100	100	100	100	100	99.07	98.91	99.07	99.24	99.37	99.54	99.58
EBITDA	46	63	77	109	148	128	127	301	407	402	382	409	489	565	603
EBITDA-CapEx	38	63	77	109	148	128	127	301	407	402	382	409	489	565	603
Operating Income (Loss)	14	21	24	38	63	-27	-40	87	175	163	143	172	243	300	318

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	- -	- -	- -	- -	- -	- -	0.09	- -	- -	- -	- -	- -	- -	- -	0.05
Current Ratio	0.55	0.55	0.58	0.46	0.86	1.29	1.58	1.46	1.22	1.17	1.09	1.07	1.21	1.23	1.27
Quick Ratio	0.36	0.33	0.36	0.34	0.51	0.73	0.78	0.85	0.72	0.66	0.6	0.48	0.51	0.47	0.49
CFO/Avg Current Liab	1.55	1.62	1.63	1.47	1.64	2.21	2.63	2.3	1.77	1.63	1.48	1.44	1.51	1.81	2.09
Common Equity/Total Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Equity (%)	107.3	146.21	59.48	70.86	101.52	93.95	47.02	94.77	112.77	239.06	344.35	588.02	1,284.26	9,057.7	- -
Long-Term Debt/Capital (%)	99.99	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Long-Term Debt/Total Assets (%)	49.98	57.56	35.5	39.23	48.3	46.55	45.55	46.6	50.12	66.07	71.96	79.63	85.9	91.57	96.75
Total Debt/Equity (%)	107.31	146.21	59.48	70.86	101.52	93.95	47.02	94.77	112.77	239.06	344.35	588.02	1,284.26	9,057.7	-2,253
Total Debt/Capital (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Total Debt/Total Assets (%)	49.98	57.56	35.5	39.23	48.3	46.55	45.55	46.6	50.12	66.07	71.96	79.63	85.9	91.57	96.75
CFO/Total Liabilities	8.69	7.93	14.26	15.05	14.83	17.51	251.38	11.8	14.5	13.74	12.12	11.31	10.65	12.56	14.43
CFO/CapEx	4.24	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	0.27	0.27	1.31	0.86	0.75	0.91	11.43	0.79	0.99	0.84	0.92	1.04	1.21	1.38	1.48

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	11.87	13.58	10.66	9.79	10.09	8.7	8.52	10.79	8.96	9.27	9.59	9.27	9.44	10.34	11.79
Days Sales Outstanding	30.75	26.87	34.25	37.27	36.17	41.97	42.83	33.81	40.73	39.36	38.06	39.38	38.66	35.31	30.96
Inventory Turnover	17.23	21.46	14.27	15.39	12	11.07	9.3	7.01	5.07	5.04	5.08	5.25	5.09	4.65	4.57
Days Inventory Outstanding	21.18	17.01	25.57	23.71	30.42	32.97	39.27	52.07	71.98	72.42	71.81	69.58	71.68	78.57	79.82
Accounts Payable Turnover	9.97	7.79	4.71	3.64	5.17	15.07	40.66	37.85	20.12	24.84	24.08	16.56	14.7	17.8	25.93
Accounts Payable Turnover Days	36.6	46.83	77.42	100.21	70.61	24.22	8.98	9.64	18.15	14.69	15.16	22.04	24.83	20.5	14.07
Cash Conversion Cycle	15.33	-2.95	-17.6	-39.23	-4.02	50.73	73.12	76.24	94.56	97.09	94.72	86.92	85.5	93.38	96.71
Inventory to Cash Days	9.56	9.86	8.67	13.56	5.76	9	3.56	-18.25	-31.25	-33.06	-33.75	-30.2	-33.02	-43.26	-48.87
Inventories	3	4	10	9	19	30	33	89	92	85	86	94	115	134	134
Raw Materials	- -	- -	- -	9	19	30	34	89	92	85	86	94	115	134	134
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	3	4	10	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	860	699	553	948	1,018	1,418	1,752	1,317	1,694	1,910	2,252	2,671	2,777
- Cash & Cash Equivalents	- -	- -	- -	- -	- -	- -	4	- -	- -	- -	- -	- -	- -	- -	9
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	364	502	421	595	729	685	783	1,759	1,870	1,948	1,992	2,123	2,351	2,514	2,535
Enterprise Value	364	502	1,281	1,294	1,283	1,634	1,797	3,177	3,622	3,265	3,686	4,032	4,603	5,186	5,303
Total Capital	364	502	421	595	729	685	783	1,759	1,870	1,948	1,992	2,123	2,351	2,514	2,535
Total Debt/Capital (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Total Debt / EV	1	1	0.33	0.46	0.57	0.42	0.44	0.55	0.52	0.6	0.54	0.53	0.51	0.48	0.48
EV/Sales	3.69	4.23	8.38	5.84	4.74	6.19	6.5	5.44	5.19	4.89	5.83	5.72	5.44	5.46	5.31
EV/EBITDA	7.84	8.01	16.59	11.9	8.66	12.73	14.2	10.57	8.91	8.13	9.64	9.86	9.42	9.18	8.8
EV/EBIT	26.65	24.1	52.68	34.41	20.42	- -	- -	36.54	20.67	20.06	25.7	23.4	18.97	17.27	16.67
EV/Cash Flow to Firm	9.63	8.78	15.94	11.31	9.49	12.56	13.22	10.96	8.6	7.73	9.57	10.23	10.5	9.77	9.24
EV/Free Cash Flow to Firm	7.95	8.78	15.94	11.31	9.49	12.56	13.22	10.96	8.6	7.73	9.57	10.23	10.5	9.77	9.24
Diluted Market Cap	- -	- -	861	700	553	953	1,023	1,418	1,752	1,317	1,694	1,910	2,298	2,698	2,789
Diluted Enterprise Value	364	502	1,282	1,295	1,283	1,639	1,802	3,177	3,622	3,265	3,686	4,032	4,649	5,212	5,315
EV per Share	12.5	17.26	39.92	30.71	26.63	29.8	29.19	29.08	37.5	33.72	37.97	41.24	46.66	45.73	43.92
TTM Sales	99	119	153	222	271	264	277	584	698	668	633	705	846	950	998
TTM EBITDA	46	63	77	109	148	128	127	301	407	402	382	409	489	565	603
TTM Operating Income	14	21	24	38	63	-27	-40	87	175	163	143	172	243	300	318
TTM Cash Flow to Firm	38	57	80	114	135	130	136	290	421	422	385	394	438	531	574
TTM Free Cash Flow to Firm	46	57	80	114	135	130	136	290	421	422	385	394	438	531	574

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	12.63	6.87	4.71	7.33	7.52	6.27	5.83	4.49	6.38	7.33	8.45	7.9	7.07
EV/EBIT	26.65	24.1	52.68	34.41	20.42	- -	- -	36.54	20.67	20.06	25.7	23.4	18.97	17.27	16.67
Enterprise Value	364	502	1,281	1,294	1,283	1,634	1,797	3,177	3,622	3,265	3,686	4,032	4,603	5,186	5,303
Low Price	- -	- -	17.25	14.45	10.19	7.03	14.3	12.09	12.75	3.52	12.75	14.9	18.48	21.06	21.59
EV/Sales	3.69	4.23	8.38	5.84	4.74	6.19	6.5	5.44	5.19	4.89	5.83	5.72	5.44	5.46	5.31
EV/EBITDA	7.84	8.01	16.59	11.9	8.66	12.73	14.2	10.57	8.91	8.13	9.64	9.86	9.42	9.18	8.8
Price/Earnings	- -	- -	83.3	28.9	- -	- -	- -	- -	- -	- -	- -	- -	109.88	32.57	26.96
Price/Earnings Average	- -	- -	69.8	43	-5.79	-27.98	-3.88	-39.14	-166.75	-1.73	-39.08	-94.36	104.02	33.04	28.93
Price/Earnings High	- -	- -	84.29	50.05	-7.66	-37.43	-4.57	-44.95	-190.81	-2.76	-44.99	-108.22	128.08	39.36	35.28
Price/Earnings Low	- -	- -	53.62	25.17	-3.21	-13.61	-3.31	-28.12	-128.05	-0.53	-32.17	-79.04	88.95	29.11	25.3
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value	- -	- -	2.08	1.27	0.92	1.53	0.84	1.68	2.59	2.74	6.18	22.21	-35.97	-14.17	-9.28
Price/Tangible Book Value Average	- -	- -	1.74	1.89	1.46	1.28	0.85	2.18	2.37	2.31	5.49	20.23	-34.05	-14.38	-9.95
Price/Tangible Book Value High	- -	- -	2.1	2.2	1.94	1.71	1	2.5	2.72	3.69	6.32	23.2	-41.93	-17.12	-12.14
Price/Tangible Book Value Low	- -	- -	1.34	1.11	0.81	0.62	0.73	1.56	1.82	0.71	4.52	16.95	-29.12	-12.67	-8.71
Price/Sales	- -	- -	5.62	3.16	2.05	3.59	3.68	2.43	2.51	1.97	2.68	2.71	2.66	2.81	2.78
Price/Sales Average	- -	- -	4.71	4.7	3.27	3	3.73	3.15	2.3	1.66	2.38	2.47	2.52	2.85	2.99
Price/Sales High	- -	- -	5.69	5.47	4.33	4.01	4.4	3.61	2.63	2.66	2.74	2.83	3.1	3.4	3.64
Price/Sales Low	- -	- -	3.62	2.75	1.81	1.46	3.18	2.26	1.76	0.51	1.96	2.07	2.15	2.51	2.61
Price/Cash Flow	- -	- -	12.61	6.86	4.71	7.29	7.49	6.27	5.83	4.49	6.38	7.33	8.28	7.83	7.04
Price/Cash Flow Average	- -	- -	10.57	10.21	7.53	6.09	7.59	8.12	5.34	3.79	5.66	6.67	7.84	7.94	7.56
Price/Cash Flow High	- -	- -	12.76	11.88	9.97	8.15	8.96	9.33	6.11	6.05	6.52	7.65	9.65	9.46	9.22
Price/Cash Flow Low	- -	- -	8.12	5.98	4.18	2.96	6.47	5.84	4.1	1.16	4.66	5.59	6.7	7	6.61
Price/Free Cash Flow Average	- -	- -	10.58	10.22	7.53	6.12	7.63	8.12	5.34	3.79	5.66	6.67	8	8.02	7.59
Price/Free Cash Flow High	- -	- -	12.78	11.9	9.97	8.19	9	9.33	6.11	6.05	6.52	7.65	9.85	9.55	9.26
Price/Free Cash Flow Low	- -	- -	8.13	5.98	4.18	2.98	6.5	5.84	4.1	1.16	4.66	5.59	6.84	7.06	6.64
EV/Sales Average	3.69	4.23	7.47	7.38	5.96	5.6	6.55	6.16	4.97	4.58	5.52	5.48	5.3	5.5	5.52
EV/Sales High	3.69	4.23	8.44	8.15	7.02	6.61	7.22	6.62	5.31	5.57	5.88	5.84	5.88	6.04	6.17
EV/Sales Low	3.69	4.23	6.37	5.43	4.51	4.06	6	5.27	4.44	3.43	5.1	5.08	4.93	5.16	5.14
EV/EBITDA Average	7.84	8.01	14.78	15.03	10.9	11.51	14.32	11.97	8.54	7.61	9.15	9.44	9.17	9.25	9.13
EV/EBITDA High	7.84	8.01	16.72	16.6	12.83	13.6	15.78	12.88	9.11	9.26	9.74	10.07	10.18	10.16	10.22
EV/EBITDA Low	7.84	8.01	12.62	11.07	8.24	8.34	13.11	10.24	7.63	5.7	8.45	8.75	8.54	8.68	8.51
EV/EBIT Average	26.65	24.1	46.95	43.48	25.68	-55.06	-45.24	41.38	19.82	18.79	24.37	22.41	18.47	17.4	17.31
EV/EBIT High	26.65	24.1	53.1	48.02	30.24	-65.02	-49.87	44.52	21.14	22.86	25.96	23.9	20.5	19.12	19.37
EV/EBIT Low	26.65	24.1	40.08	32.01	19.42	-39.9	-41.44	35.43	17.7	14.06	22.52	20.78	17.2	16.32	16.14
Last Price	- -	- -	26.8	16.59	11.49	17.3	16.54	12.98	18.14	13.6	17.45	19.53	22.83	23.56	23
High Price	- -	- -	27.12	28.73	24.3	19.33	19.78	19.33	19	18.32	17.83	20.4	26.61	28.47	30.1
Enterprise Value Average	364	502	1,142	1,635	1,613	1,477	1,811	3,598	3,474	3,059	3,495	3,862	4,483	5,225	5,507
Enterprise Value High	364	502	1,291	1,805	1,899	1,745	1,996	3,871	3,705	3,722	3,723	4,117	4,975	5,742	6,161
Enterprise Value Low	364	502	975	1,204	1,220	1,071	1,659	3,080	3,101	2,289	3,229	3,580	4,174	4,902	5,133

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	29	29	38	45	53	61	62	96	97	97	97	98	101	117	127
Diluted Weighted Avg Shares	29	29	32	42	48	55	62	109	97	97	97	98	101	115	121
Basic Weighted Avg Shares	29	29	32	42	48	55	62	109	97	97	97	98	99	113	121
Revenue per Share	3.39	4.08	4.77	5.26	5.62	4.82	4.49	5.35	7.23	6.9	6.52	7.21	8.58	8.38	8.27
EBITDA per Share	1.59	2.16	2.41	2.58	3.07	2.34	2.06	2.75	4.21	4.15	3.94	4.18	4.96	4.98	4.99
Operating Income per Share	0.47	0.72	0.76	0.89	1.3	-0.49	-0.65	0.8	1.81	1.68	1.48	1.76	2.46	2.65	2.63
Basic EPS, GAAP	- -	- -	0.32	0.57	-3.17	-0.52	-4.33	-0.43	-0.1	-6.65	-0.4	-0.19	0.21	0.72	0.85
Basic EPS from Cont Ops	- -	0.15	0.34	0.59	-3.2	-0.49	-4.3	-0.1	0.41	-6.14	0.11	0.31	0.69	0.88	0.92
Diluted EPS, GAAP	- -	- -	0.32	0.57	-3.17	-0.51	-4.31	-0.43	-0.1	-6.65	-0.4	-0.19	0.2	0.72	0.85
Diluted EPS from Cont Ops	- -	0.15	0.34	0.59	-3.2	-0.49	-4.28	-0.1	0.41	-6.14	0.11	0.31	0.68	0.87	0.92
Dividend per Share	- -	- -	0.46	0.77	0.94	- -	- -	1.52	2.51	2.62	2.63	2.62	2.61	2.34	2.21
Cash Flow per Share	1.16	1.44	2.12	2.42	2.44	2.37	2.21	2.07	3.11	3.03	2.73	2.67	2.76	3.01	3.26
Free Cash Flow per Basic Share	0.89	1.44	2.12	2.42	2.44	2.37	2.21	2.07	3.11	3.03	2.73	2.67	2.76	3.01	3.26
Cash & Equivalents per Share	- -	- -	- -	- -	- -	- -	0.07	- -	- -	- -	- -	- -	- -	- -	0.07
Book Value per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Tangible Book Value per Share	3.35	3.61	12.89	13.03	12.53	11.28	19.71	7.73	6.99	4.97	2.82	0.88	-0.63	-1.66	-2.48

USA Compression Partners, LP

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)