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Side-by-side financial comparison of QUHUO Ltd (QH) 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 $157.9M, roughly 1.6× QUHUO Ltd).

QUHUO Ltd. operates an on-demand lifestyle service platform focused on the Chinese mainland market. Its core offerings include gig workforce solutions, community group-buy services, and local life service matching for merchants and individual users, covering household services, catering operation support, and community retail segments to effectively connect service providers with end consumers.

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.

QH vs USAC — Head-to-Head

Bigger by revenue
USAC
USAC
1.6× larger
USAC
$252.5M
$157.9M
QH

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
QH
QH
USAC
USAC
Revenue
$157.9M
$252.5M
Net Profit
$27.8M
Gross Margin
Operating Margin
30.3%
Net Margin
11.0%
Revenue YoY
2.7%
Net Profit YoY
9.1%
EPS (diluted)

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
QH
QH
USAC
USAC
Q4 25
$252.5M
Q3 25
$250.3M
Q2 25
$157.9M
$250.1M
Q1 25
$245.2M
Q4 24
$245.9M
Q3 24
$240.0M
Q2 24
$222.9M
$235.3M
Q1 24
$229.3M
Net Profit
QH
QH
USAC
USAC
Q4 25
$27.8M
Q3 25
$34.5M
Q2 25
$28.6M
Q1 25
$20.5M
Q4 24
$25.4M
Q3 24
$19.3M
Q2 24
$-6.4M
$31.2M
Q1 24
$23.6M
Gross Margin
QH
QH
USAC
USAC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
1.5%
Q1 24
Operating Margin
QH
QH
USAC
USAC
Q4 25
30.3%
Q3 25
33.5%
Q2 25
30.6%
Q1 25
28.3%
Q4 24
30.3%
Q3 24
31.5%
Q2 24
-2.7%
32.9%
Q1 24
29.2%
Net Margin
QH
QH
USAC
USAC
Q4 25
11.0%
Q3 25
13.8%
Q2 25
11.4%
Q1 25
8.4%
Q4 24
10.3%
Q3 24
8.1%
Q2 24
-2.9%
13.3%
Q1 24
10.3%

Balance Sheet & Financial Strength

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

Metric
QH
QH
USAC
USAC
Cash + ST InvestmentsLiquidity on hand
$4.3M
$8.6M
Total DebtLower is stronger
$858.0K
$2.5B
Stockholders' EquityBook value
$57.4M
Total Assets
$118.4M
$2.6B
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QH
QH
USAC
USAC
Q4 25
$8.6M
Q3 25
Q2 25
$4.3M
$2.0K
Q1 25
$2.0K
Q4 24
$14.0K
Q3 24
$79.0K
Q2 24
$14.3M
$9.0K
Q1 24
$8.0K
Total Debt
QH
QH
USAC
USAC
Q4 25
$2.5B
Q3 25
$2.5B
Q2 25
$858.0K
$2.5B
Q1 25
$2.5B
Q4 24
$2.5B
Q3 24
$2.5B
Q2 24
$1.2M
$2.5B
Q1 24
$2.5B
Stockholders' Equity
QH
QH
USAC
USAC
Q4 25
Q3 25
Q2 25
$57.4M
Q1 25
Q4 24
Q3 24
Q2 24
$64.6M
Q1 24
Total Assets
QH
QH
USAC
USAC
Q4 25
$2.6B
Q3 25
$2.7B
Q2 25
$118.4M
$2.7B
Q1 25
$2.7B
Q4 24
$2.7B
Q3 24
$2.8B
Q2 24
$135.0M
$2.8B
Q1 24
$2.8B
Debt / Equity
QH
QH
USAC
USAC
Q4 25
Q3 25
Q2 25
0.01×
Q1 25
Q4 24
Q3 24
Q2 24
0.02×
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
QH
QH
USAC
USAC
Operating Cash FlowLast quarter
$-5.8M
$139.5M
Free Cash FlowOCF − Capex
$87.7M
FCF MarginFCF / Revenue
34.8%
Capex IntensityCapex / Revenue
20.5%
Cash ConversionOCF / Net Profit
5.02×
TTM Free Cash FlowTrailing 4 quarters
$277.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
QH
QH
USAC
USAC
Q4 25
$139.5M
Q3 25
$75.9M
Q2 25
$-5.8M
$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
QH
QH
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
QH
QH
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
QH
QH
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
QH
QH
USAC
USAC
Q4 25
5.02×
Q3 25
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

QH
QH

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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