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Side-by-side financial comparison of Figure Technology Solutions, Inc. (FIGR) and USA Compression Partners, LP (USAC). Click either name above to swap in a different company.

USA Compression Partners, LP is the larger business by last-quarter revenue ($252.5M vs $156.4M, roughly 1.6× Figure Technology Solutions, Inc.). Figure Technology Solutions, Inc. runs the higher net margin — 57.3% vs 11.0%, a 46.3% gap on every dollar of revenue.

Figure Technology Solutions, Inc. is a financial technology company in Reno, Nevada, United States. Established in 2018, it develops and operates blockchain-based platforms used in lending, capital markets, and asset management.

USA Compression Partners, LP is a US-based provider of natural gas compression services and related infrastructure solutions. It serves clients across the upstream, midstream, and downstream segments of the oil and gas industry, offering custom compression systems, maintenance, and operational support to facilitate efficient natural gas production, processing, and transportation.

FIGR vs USAC — Head-to-Head

Bigger by revenue
USAC
USAC
1.6× larger
USAC
$252.5M
$156.4M
FIGR
Higher net margin
FIGR
FIGR
46.3% more per $
FIGR
57.3%
11.0%
USAC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
FIGR
FIGR
USAC
USAC
Revenue
$156.4M
$252.5M
Net Profit
$89.6M
$27.8M
Gross Margin
Operating Margin
33.7%
30.3%
Net Margin
57.3%
11.0%
Revenue YoY
2.7%
Net Profit YoY
9.1%
EPS (diluted)
$0.34

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FIGR
FIGR
USAC
USAC
Q4 25
$252.5M
Q3 25
$156.4M
$250.3M
Q2 25
$250.1M
Q1 25
$245.2M
Q4 24
$245.9M
Q3 24
$240.0M
Q2 24
$235.3M
Q1 24
$229.3M
Net Profit
FIGR
FIGR
USAC
USAC
Q4 25
$27.8M
Q3 25
$89.6M
$34.5M
Q2 25
$28.6M
Q1 25
$20.5M
Q4 24
$25.4M
Q3 24
$19.3M
Q2 24
$31.2M
Q1 24
$23.6M
Operating Margin
FIGR
FIGR
USAC
USAC
Q4 25
30.3%
Q3 25
33.7%
33.5%
Q2 25
30.6%
Q1 25
28.3%
Q4 24
30.3%
Q3 24
31.5%
Q2 24
32.9%
Q1 24
29.2%
Net Margin
FIGR
FIGR
USAC
USAC
Q4 25
11.0%
Q3 25
57.3%
13.8%
Q2 25
11.4%
Q1 25
8.4%
Q4 24
10.3%
Q3 24
8.1%
Q2 24
13.3%
Q1 24
10.3%
EPS (diluted)
FIGR
FIGR
USAC
USAC
Q4 25
Q3 25
$0.34
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FIGR
FIGR
USAC
USAC
Cash + ST InvestmentsLiquidity on hand
$1.1B
$8.6M
Total DebtLower is stronger
$466.8M
$2.5B
Stockholders' EquityBook value
$1.2B
Total Assets
$2.2B
$2.6B
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIGR
FIGR
USAC
USAC
Q4 25
$8.6M
Q3 25
$1.1B
Q2 25
$2.0K
Q1 25
$2.0K
Q4 24
$14.0K
Q3 24
$79.0K
Q2 24
$9.0K
Q1 24
$8.0K
Total Debt
FIGR
FIGR
USAC
USAC
Q4 25
$2.5B
Q3 25
$466.8M
$2.5B
Q2 25
$2.5B
Q1 25
$2.5B
Q4 24
$2.5B
Q3 24
$2.5B
Q2 24
$2.5B
Q1 24
$2.5B
Stockholders' Equity
FIGR
FIGR
USAC
USAC
Q4 25
Q3 25
$1.2B
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Total Assets
FIGR
FIGR
USAC
USAC
Q4 25
$2.6B
Q3 25
$2.2B
$2.7B
Q2 25
$2.7B
Q1 25
$2.7B
Q4 24
$2.7B
Q3 24
$2.8B
Q2 24
$2.8B
Q1 24
$2.8B
Debt / Equity
FIGR
FIGR
USAC
USAC
Q4 25
Q3 25
0.40×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FIGR
FIGR
USAC
USAC
Operating Cash FlowLast quarter
$49.3M
$139.5M
Free Cash FlowOCF − Capex
$87.7M
FCF MarginFCF / Revenue
34.8%
Capex IntensityCapex / Revenue
20.5%
Cash ConversionOCF / Net Profit
0.55×
5.02×
TTM Free Cash FlowTrailing 4 quarters
$277.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIGR
FIGR
USAC
USAC
Q4 25
$139.5M
Q3 25
$49.3M
$75.9M
Q2 25
$124.2M
Q1 25
$54.7M
Q4 24
$130.2M
Q3 24
$48.5M
Q2 24
$96.7M
Q1 24
$65.9M
Free Cash Flow
FIGR
FIGR
USAC
USAC
Q4 25
$87.7M
Q3 25
$51.9M
Q2 25
$101.1M
Q1 25
$36.3M
Q4 24
$101.2M
Q3 24
$19.8M
Q2 24
$48.2M
Q1 24
$-32.7M
FCF Margin
FIGR
FIGR
USAC
USAC
Q4 25
34.8%
Q3 25
20.7%
Q2 25
40.4%
Q1 25
14.8%
Q4 24
41.1%
Q3 24
8.2%
Q2 24
20.5%
Q1 24
-14.3%
Capex Intensity
FIGR
FIGR
USAC
USAC
Q4 25
20.5%
Q3 25
9.6%
Q2 25
9.3%
Q1 25
7.5%
Q4 24
11.8%
Q3 24
12.0%
Q2 24
20.6%
Q1 24
43.0%
Cash Conversion
FIGR
FIGR
USAC
USAC
Q4 25
5.02×
Q3 25
0.55×
2.20×
Q2 25
4.35×
Q1 25
2.66×
Q4 24
5.12×
Q3 24
2.51×
Q2 24
3.10×
Q1 24
2.80×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FIGR
FIGR

Segment breakdown not available.

USAC
USAC

Revenue From Contract Operations Excluding Revenue From Related Party$231.7M92%
Entities Affiliated With Energy Transfer LP$16.6M7%
Transferred At Point In Time$5.4M2%

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