Archrock (AROC) vs Western Midstream Partners (WES)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Archrock (AROC) has outperformed Western Midstream Partners (WES) over the past year, gaining 17.4% versus a gain of 16.9%. Over five years, AROC leads with a +251.2% price change compared with +96.0% for WES. Western Midstream Partners is the larger company by market cap ($18.93 billion vs $5.32 billion), about 3.6 times the size, while Archrock is growing revenue faster (+28.7% vs +6.6%).
On valuation, Western Midstream Partners trades at a lower forward P/E (12.0x vs 13.9x for Archrock). Western Midstream Partners offers the higher dividend yield (8.03% vs 2.90%). Western Midstream Partners converts more of its revenue into profit, with a net margin of 30.7% versus 21.6%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | AROC | WES |
|---|---|---|
| Share price | $30.34 | $45.82 |
| Market cap | $5.32B | $18.93B |
| 1-day change | +0.83% | +0.59% |
| YTD return | +16.60% | +16.00% |
| 1-year return | +17.41% | +16.86% |
| 5-year return | +251.16% | +95.98% |
| P/E ratio (TTM) | 16.31 | 14.50 |
| Forward P/E | 13.95 | 11.97 |
| EPS (TTM) | $1.86 | $3.16 |
| Dividend yield | 2.90% | 8.03% |
| Annual dividend | $0.88 | $3.68 |
| Revenue (latest FY) | $1.49B | $3.84B |
| Revenue growth (YoY) | +28.70% | +6.61% |
| Net income (latest FY) | $322.29M | $1.18B |
| Gross margin | 48.57% | 94.61% |
| Operating margin | — | 41.67% |
| Net margin | 21.63% | 30.73% |
| 52-week high | $42.23 | $50.07 |
| 52-week low | $22.88 | $36.90 |
| Distance from 52-week high | -28.16% | -8.49% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +40.08% | +8.45% |
| Average volume | 1.74M | 824.08K |
| Shares outstanding | 175.34M | 413.17M |
| Employees | 1,350 | 1,704 |
| Sector | Utilities | Utilities |
| Industry | Natural Gas Distribution | Natural Gas Distribution |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Western Midstream Partners is about 3.6 times larger than Archrock by market value ($18.93B vs $5.32B).
- Western Midstream Partners offers a meaningfully higher dividend yield (8.03% vs 2.90%).
- Western Midstream Partners is more profitable, keeping 30.7 cents of every revenue dollar as net income versus 21.6 cents for Archrock.
- Archrock grew revenue faster in its latest fiscal year (+28.70% vs +6.61%).
About Archrock
AROC stock →Archrock, Inc., together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services.
Utilities · Natural Gas Distribution · 1,350 employees
About Western Midstream Partners
WES stock →Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. The company is involved in gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing of produced water.
Utilities · Natural Gas Distribution · 1,704 employees
AROC vs WES FAQ
Which is bigger, Archrock or Western Midstream Partners?
Western Midstream Partners (WES) is larger, with a market capitalization of $18.93B compared with $5.32B for Archrock (AROC).
Which stock has performed better over the past year, AROC or WES?
AROC returned +17.41% over the past 12 months, compared with +16.86% for WES (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AROC or WES?
WES has the lower trailing P/E at 14.5, versus 16.3 for AROC. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Archrock or Western Midstream Partners?
Western Midstream Partners has the higher yield at 8.03%, compared with 2.90% for Archrock.
Are Archrock and Western Midstream Partners in the same industry?
Yes. Both are classified in the Natural Gas Distribution industry within the Utilities sector.