Short answer

Archrock, Inc. (AROC) filed its fiscal 2025 10-K annual report with the SEC on Feb 26, 2026. It reported revenue of $1.5B (+28.7% year over year) and net income of $322M.

Top risk flagged: Audit Committee oversees cybersecurity risk management program, chair certified in NACD Cyber Risk Oversight Program

FY2025 key financial metrics · XBRL

Revenue: $1.5B; +28.7% YoY
Net income: $322M; +87.1% YoY
Gross margin: 48.6%; +4.9 pp YoY
EPS (diluted): $1.83; +74.3% YoY
ROE: 21.6%; +8.6 pp YoY
Operating cash flow: $622M; +44.8% YoY

Source: XBRL data from the Archrock, Inc. (AROC) FY2025 10-K on SEC EDGAR. USD.

Archrock, Inc. FY2025 10-K analysis

AI summary of each section, grounded in the filing text

Business Overview

Core business: provider of midstream natural gas compression services and aftermarket support across U.S. energy industry
Increased focus on technology deployment: automation, telematics, remote monitoring to improve asset uptime, reduce emissions, and enhance field service efficiency
Strategic emphasis on large horsepower equipment; sold 325,000 horsepower units in 2025, 85% small horsepower, to optimize fleet for market trends
Fleet size 5,319 units totaling 4.8 million horsepower with 74% of horsepower from units >1,000 HP; average fleet age 10 years
Noteworthy safety performance: 2025 total recordable incident rate of 0.22, reflecting strong safety culture and operational discipline

Management Discussion & Analysis

Revenue $1.49B in 2025, up 29% from $1.16B in 2024, driven by contract operations (+30%) and aftermarket services (+23%)
Adjusted gross margin $980.4M (66% margin) in 2025 vs $699.1M (60% margin) in 2024; contract ops margin 73% vs 67%, aftermarket margin stable at 24%
Best segment: Contract operations revenue $1.27B, +30%, adjusted gross margin $929M, +41%; Worst: aftermarket services margin flat at 24% despite 23% revenue growth
Capital expenditures $458.4M in 2025 ($347.7M growth capex, $110.7M maintenance), planned $400-$445M for 2026; 2027 Notes redeemed $302.6M; share repurchase program active with $117.7M capacity
Outlook: US natural gas production growth ~1% in 2026-27, oil flat to -3%; demand drivers positive but risks include labor market, cost inflation, capital access, and energy transition pressures on gas compression demand

Risk Factors

Audit Committee oversees cybersecurity risk management program, chair certified in NACD Cyber Risk Oversight Program
Geopolitical exposure not disclosed; no specific macroeconomic threat identified in risk factors
Reliance on third-party vendors with ongoing monitoring of cybersecurity risk scores and contractual provisions for critical suppliers
No specific competitor or technology disruption risk detailed in filing's risk factors
Key-person dependency on Vice President of IT with 25+ years' experience managing cybersecurity and reporting directly to executive leadership

Generated from the filing text; verify against the original. How to read a 10-K

Ask about this 10-K

Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.

Start free