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ProFrac Holding Corp. (ACDC) 10-Year Financial Performance & Capital Metrics

ACDC • • Industrial / General
EnergyOilfield ServicesPressure Pumping & Hydraulic FracturingPressure Pumping Services
AboutProFrac Holding Corp., a vertically integrated and energy services company, provides hydraulic fracturing, completion, and other products and services to upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. It operates through three segments: Stimulation Services, Manufacturing, and Proppant Production. The company also manufactures and sells high horsepower pumps, valves, piping, swivels, large-bore manifold systems, seats, and fluid ends. ProFrac Holding Corp. was founded in 2016 and is headquartered in Willow Park, Texas.Show more
  • Revenue $2.19B -16.7%
  • EBITDA $382M -36.9%
  • Net Income -$215M -120.2%
  • EPS (Diluted) -1.38 -68.3%
  • Gross Margin 11.58% -32.6%
  • EBITDA Margin 17.43% -24.2%
  • Operating Margin -2.76% -143.5%
  • Net Margin -9.82% -164.3%
  • ROE -17.89% -145.3%
  • ROIC -1.89% -136.4%
  • Debt/Equity 1.18 +35.3%
  • Interest Coverage -0.39 -135.9%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 20.9%
  • ✓Trading at only 0.7x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 2/9
  • ✗Shares diluted 22.3% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y20.91%
3Y41.8%
TTM-11.92%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-62.7%

EPS CAGR

10Y-
5Y-
3Y-
TTM-54.58%

ROCE

10Y Avg1.69%
5Y Avg2.47%
3Y Avg11.84%
Latest-2.54%

Peer Comparison

Pressure Pumping Services
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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Momentum & Returns
Total Return (DRIP)
Technical
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Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
NESRNational Energy Services Reunited Corp.1.86B18.4523.0613.6%5.53%7.33%6.68%0.45
RESRPC, Inc.1.37B6.1914.40-12.52%3.12%4.35%9.48%0.03
LBRTLiberty Energy Inc.3.31B20.4610.94-9.11%4.76%8.99%5.38%0.27
ACDCProFrac Holding Corp.792.22M4.38-3.17-16.7%-16.8%-34.52%14.18%1.18
PUMPProPetro Holding Corp.1.08B10.42-7.95-11.42%-1.31%-2.06%10.34%0.21

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+847.69M547.7M768.4M2.43B2.63B2.19B
Revenue Growth %--0.35%0.4%2.16%0.08%-0.17%
Cost of Goods Sold+673.56M577.7M710.8M1.72B2.18B1.94B
COGS % of Revenue0.79%1.05%0.93%0.71%0.83%0.88%
Gross Profit+174.13M-30M57.6M701.5M451.5M253.6M
Gross Margin %0.21%-0.05%0.07%0.29%0.17%0.12%
Gross Profit Growth %--1.17%2.92%11.18%-0.36%-0.44%
Operating Expenses+186.39M65M75.6M289.1M284.9M314M
OpEx % of Revenue0.22%0.12%0.1%0.12%0.11%0.14%
Selling, General & Admin048.2M64.2M225M233.6M204.6M
SG&A % of Revenue-0.09%0.08%0.09%0.09%0.09%
Research & Development000000
R&D % of Revenue------
Other Operating Expenses186.39M16.8M11.4M64.1M51.3M109.4M
Operating Income+-12.26M-95M-18M412.4M166.6M-60.4M
Operating Margin %-0.01%-0.17%-0.02%0.17%0.06%-0.03%
Operating Income Growth %--6.75%0.81%23.91%-0.6%-1.36%
EBITDA+120.83M55.7M122.7M679.7M605M381.8M
EBITDA Margin %0.14%0.1%0.16%0.28%0.23%0.17%
EBITDA Growth %--0.54%1.2%4.54%-0.11%-0.37%
D&A (Non-Cash Add-back)133.09M150.7M140.7M267.3M438.4M442.2M
EBIT2.55M-94.7M-17.9M411.3M96.9M-58.2M
Net Interest Income+26.03M-23.3M-25.8M-59.5M-154.9M-156.6M
Interest Income26.03M0000-
Interest Expense023.3M25.8M59.5M154.9M156.6M
Other Income/Expense-25.7M-23M-25.7M-60.6M-224.6M-154.4M
Pretax Income+-37.96M-118M-43.7M351.8M-58M-214.8M
Pretax Margin %-0.04%-0.22%-0.06%0.15%-0.02%-0.1%
Income Tax+587K500K-200K9.1M1.2M-7M
Effective Tax Rate %1.02%0.02%-0.26%1.68%1%
Net Income+-38.55M-2.2M091.5M-97.7M-215.1M
Net Margin %-0.05%-0%-0.04%-0.04%-0.1%
Net Income Growth %-0.94%1%--2.07%-1.2%
Net Income (Continuing)-38.55M-118.5M-43.5M342.7M-59.2M-207.8M
Discontinued Operations000000
Minority Interest001M2.54B58.7M69.2M
EPS (Diluted)+-0.99-0.85-1.061.69-0.82-1.38
EPS Growth %-0.14%-0.25%2.59%-1.49%-0.68%
EPS (Basic)-0.99-0.85-1.061.69-0.82-1.38
Diluted Shares Outstanding39.01M140.24M140.24M54M130.9M160.1M
Basic Shares Outstanding39.01M140.24M140.24M54M130.9M160.1M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+168.02M139.69M251.7M865.4M638.1M574.1M
Cash & Short-Term Investments17.84M2.95M5.4M35.1M25.3M14.8M
Cash Only17.84M2.95M5.4M35.1M25.3M14.8M
Short-Term Investments000000
Accounts Receivable88.78M73.62M166.1M537.6M352.9M328.8M
Days Sales Outstanding38.2349.0678.980.948.9854.78
Inventory55.91M56.6M74M249.5M236.6M201.1M
Days Inventory Outstanding30.335.763852.8239.6437.89
Other Current Assets00-13K43.2M23.3M29.4M
Total Non-Current Assets+560.57M437.59M412.7M2.07B2.43B2.41B
Property, Plant & Equipment556.11M429.68M363.5M1.51B1.87B1.92B
Fixed Asset Turnover1.52x1.27x2.11x1.61x1.41x1.14x
Goodwill000240.5M325.9M302M
Intangible Assets0027.8M203.1M173.5M148.9M
Long-Term Investments01.26M4.2M58.6M28.9M7.5M
Other Non-Current Assets4.47M6.64M17.2M56.3M37.8M35.8M
Total Assets+728.59M577.28M664.6M2.93B3.07B2.99B
Asset Turnover1.16x0.95x1.16x0.83x0.86x0.73x
Asset Growth %--0.21%0.15%3.41%0.05%-0.03%
Total Current Liabilities+163.94M140.24M246.7M683.9M648.9M660M
Accounts Payable94.53M94.86M136.7M339.4M340.9M324.3M
Days Payables Outstanding51.2259.9470.271.8557.1261.1
Short-Term Debt19.2M15.48M31.8M127.6M126.4M190.6M
Deferred Revenue (Current)0001000K1000K1000K
Other Current Liabilities0042.5M46.9M82.2M32.2M
Current Ratio1.02x1.00x1.02x1.27x0.98x0.87x
Quick Ratio0.68x0.59x0.72x0.90x0.62x0.57x
Cash Conversion Cycle17.324.8946.761.8631.531.57
Total Non-Current Liabilities+279.84M260.23M269.8M899M1.09B1.25B
Long-Term Debt279.84M260.23M269.8M797.8M935.6M932.2M
Capital Lease Obligations00081M74.3M149.3M
Deferred Tax Liabilities0000014.9M
Other Non-Current Liabilities00020.2M83.3M155.6M
Total Liabilities443.78M400.46M516.5M1.58B1.74B1.91B
Total Debt+299.04M275.71M301.6M1.04B1.16B1.27B
Net Debt281.2M272.76M296.2M1.01B1.14B1.26B
Debt / Equity1.05x1.56x2.04x0.77x0.87x1.18x
Debt / EBITDA2.47x4.95x2.46x1.53x1.92x3.33x
Net Debt / EBITDA2.33x4.90x2.41x1.48x1.88x3.29x
Interest Coverage--4.08x-0.70x6.93x1.08x-0.39x
Total Equity+284.81M176.81M148.1M1.35B1.33B1.08B
Equity Growth %--0.38%-0.16%8.12%-0.02%-0.19%
Book Value per Share7.301.261.0625.0110.156.72
Total Shareholders' Equity284.81M176.81M147.1M-1.18B1.27B1.01B
Common Stock284.81M176.81M01.5M1.5M1.5M
Retained Earnings000-1.19B-16M-235.9M
Treasury Stock000000
Accumulated OCI00100K0300K100K
Minority Interest001M2.54B58.7M69.2M

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+145.42M45.1M43.9M415.2M553.5M367.3M
Operating CF Margin %0.17%0.08%0.06%0.17%0.21%0.17%
Operating CF Growth %--0.69%-0.03%8.46%0.33%-0.34%
Net Income-38.55M-118.5M-43.5M342.7M-59.2M-207.8M
Depreciation & Amortization133.09M0140.5M266.8M422.3M423.1M
Stock-Based Compensation00067.4M29.8M7.3M
Deferred Taxes0003.7M100K-10.7M
Other Non-Cash Items13.67M166.6M11.4M-1.1M30.5M66.9M
Working Capital Changes37.21M-3M-64.5M-264.3M130M88.5M
Change in Receivables13.9M12.4M-89.6M-203.3M204.8M55.5M
Change in Inventory25.65M-3.5M-16.1M-105.1M19.1M64.7M
Change in Payables0-5.1M31.6M42.9M-68.2M-7.6M
Cash from Investing+-202.38M-44.6M-78.4M-1.03B-715.8M-372.3M
Capital Expenditures-208.07M-48M-87.4M-356.2M-267M-255M
CapEx % of Revenue0.25%0.09%0.11%0.15%0.1%0.12%
Acquisitions------
Investments------
Other Investing5.69M4.7M21.74M95.5M5.7M77.1M
Cash from Financing+58.44M-15.3M36.9M645.9M149.7M-5.5M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing15.63M-1.6M-4.5M-135.6M-64.2M-5.1M
Net Change in Cash------
Free Cash Flow+-62.65M-2.9M-43.5M59M286.5M112.3M
FCF Margin %-0.07%-0.01%-0.06%0.02%0.11%0.05%
FCF Growth %-0.95%-14%2.36%3.86%-0.61%
FCF per Share-1.61-0.02-0.311.092.190.70
FCF Conversion (FCF/Net Income)-3.77x-20.50x-4.54x-5.67x-1.71x
Interest Paid021M23.5M35M139.1M137.8M
Taxes Paid0400K04.8M300K3M

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)-13.53%-0.95%-12.21%-7.29%-17.89%
Return on Invested Capital (ROIC)-1.62%-14.03%-3.02%22.07%5.18%-1.89%
Gross Margin20.54%-5.48%7.5%28.92%17.17%11.58%
Net Margin-4.55%-0.4%-3.77%-3.71%-9.82%
Debt / Equity1.05x1.56x2.04x0.77x0.87x1.18x
Interest Coverage--4.08x-0.70x6.93x1.08x-0.39x
FCF Conversion-3.77x-20.50x-4.54x-5.67x-1.71x
Revenue Growth--35.39%40.3%215.67%8.43%-16.7%

Revenue by Segment

202220232024
Service--1.89B
Service Growth---
Product--304.2M
Product Growth---
Others-193M-
Others Growth---
Manufacturing13.1M176.1M-
Manufacturing Growth-1244.27%-
All Others37.1M--
All Others Growth---

Frequently Asked Questions

Growth & Financials

ProFrac Holding Corp. (ACDC) reported $1.96B in revenue for fiscal year 2024. This represents a 131% increase from $847.7M in 2019.

ProFrac Holding Corp. (ACDC) saw revenue decline by 16.7% over the past year.

ProFrac Holding Corp. (ACDC) reported a net loss of $329.3M for fiscal year 2024.

Dividend & Returns

ProFrac Holding Corp. (ACDC) has a return on equity (ROE) of -17.9%. Negative ROE indicates the company is unprofitable.

ProFrac Holding Corp. (ACDC) generated $20.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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