(ACDC) ProFrac Holding - Overview
Sector: Energy | Industry: Oil & Gas Equipment & Services | Exchange: NASDAQ (USA) | Market Cap: 1.294m USD | Total Return: -16% in 12m
Avg Turnover: 9.72M
Qual. Beats: 0
Rev. Trend: -95.2%
Qual. Beats: 0
Warnings
High Debt/EBITDA (11.5) with thin interest coverage (-2.2)
Interest Coverage Ratio -2.2 is critical
Altman Z'' -2.31 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
No distinct edge detected
ProFrac Holding Corp. (ACDC) is a vertically integrated energy services company providing hydraulic fracturing and completion solutions to the North American unconventional oil and gas sector. The company operates through four segments: Stimulation Services, Proppant Production, Manufacturing, and Flotek Industries, which collectively supply high-horsepower pumps, frac sand, and specialized well-site equipment.
The business model focuses on vertical integration to reduce supply chain volatility, a common strategy in the Oil & Gas Equipment & Services sub-industry to control costs during periods of fluctuating commodity prices. By manufacturing its own pressure pumping components and sourcing in-basin proppants, the company minimizes reliance on third-party vendors for critical completion operations.
Investors can evaluate the companys valuation metrics and historical performance trends by exploring the data on ValueRay. ProFrac primarily serves upstream exploration and production (E&P) firms, making its revenue highly sensitive to regional drilling activity and capital expenditure cycles in U.S. shale basins.
- Hydraulic fracturing fleet utilization rates drive quarterly revenue and cash flow
- In-basin proppant production volumes reduce logistics costs and improve margins
- Upstream capital expenditure cycles dictate demand for high horsepower pumping equipment
- Natural gas price volatility impacts drilling activity in key unconventional basins
- Vertical integration of manufacturing segment mitigates supply chain and maintenance expenses
| Net Income: -432.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA -2.66 > 1.0 |
| NWC/Revenue: -6.53% < 20% (prev -0.67%; Δ -5.87% < -1%) |
| CFO/TA 0.06 > 3% & CFO 160.1m > Net Income -432.9m |
| Net Debt (1.32b) to EBITDA (115.2m): 11.49 < 3 |
| Current Ratio: 0.82 > 1.5 & < 3 |
| Outstanding Shares: last quarter (160.2m) vs 12m ago -0.01% < -2% |
| Gross Margin: -0.33% > 18% (prev 0.11%; Δ -43.51% > 0.5%) |
| Asset Turnover: 64.30% > 50% (prev 73.15%; Δ -8.85% > 0%) |
| Interest Coverage Ratio: -2.15 > 6 (EBITDA TTM 115.2m / Interest Expense TTM 135.7m) |
| A: -0.05 (Total Current Assets 534.4m - Total Current Liabilities 651.4m) / Total Assets 2.55b |
| B: -0.27 (Retained Earnings -695.1m / Total Assets 2.55b) |
| C: -0.10 (EBIT TTM -292.2m / Avg Total Assets 2.79b) |
| D: -0.39 (Book Value of Equity -693.3m / Total Liabilities 1.77b) |
| Altman-Z'' = -2.31 = D |
| DSRI: 0.95 (Receivables 324.4m/423.4m, Revenue 1.79b/2.21b) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 1.13 (AQ_t 0.18 / AQ_t-1 0.16) |
| SGI: 0.81 (Revenue 1.79b / 2.21b) |
| TATA: -0.23 (NI -432.9m - CFO 160.1m) / TA 2.55b) |
| Beneish M = -3.37 (Cap -4..+1) = AA |
As of May 29, 2026, the stock is trading at USD 6.07 with a total of 2,470,424 shares traded.
Over the past week, the price has changed by -21.68%,
over one month by -16.74%,
over three months by +22.63% and
over the past year by -16.04%.
ProFrac Holding has received a consensus analysts rating of 2.50. Therefore, it is recommended to sell ACDC.
- StrongBuy: 0
- Buy: 0
- Hold: 4
- Sell: 1
- StrongSell: 1
| Analysts Target Price | 4.9 | -19.8% |
P/E Forward = 16.1551
P/S = 0.7222
P/B = 2.0988
Revenue TTM = 1.79b USD
EBIT TTM = -292.2m USD
EBITDA TTM = 115.2m USD
Long Term Debt = 908.4m USD (from longTermDebt, last quarter)
Short Term Debt = 199.1m USD (from shortTermDebt, last quarter)
Debt = 1.36b USD (from shortLongTermDebtTotal, last quarter) + Leases 146.0m
Net Debt = 1.32b USD (calculated: Debt 1.36b - CCE 33.5m)
Enterprise Value = 2.62b USD (1.29b + Debt 1.36b - CCE 33.5m)
Interest Coverage Ratio = -2.15 (Ebit TTM -292.2m / Interest Expense TTM 135.7m)
EV/FCF = 1000.0x (Enterprise Value 2.62b / FCF TTM 2.00m)
FCF Yield = 0.08% (FCF TTM 2.00m / Enterprise Value 2.62b)
FCF Margin = 0.11% (FCF TTM 2.00m / Revenue TTM 1.79b)
Net Margin = -24.17% (Net Income TTM -432.9m / Revenue TTM 1.79b)
Gross Margin = -0.33% ((Revenue TTM 1.79b - Cost of Revenue TTM 1.80b) / Revenue TTM)
Gross Margin QoQ = -0.42% (prev -0.57%)
Tobins Q-Ratio = 1.03 (Enterprise Value 2.62b / Total Assets 2.55b)
Interest Expense / Debt = 10.00% (Interest Expense 135.7m / Debt 1.36b)
Taxrate = 21.0% (US default 21%)
NOPAT = -230.8m (EBIT -292.2m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 0.82 (Total Current Assets 534.4m / Total Current Liabilities 651.4m)
Debt / Equity = 1.97 (Debt 1.36b / totalStockholderEquity, last quarter 687.4m)
Debt / EBITDA = 11.49 (Net Debt 1.32b / EBITDA 115.2m)
Debt / FCF = 661.5 (Net Debt 1.32b / FCF TTM 2.00m)
Total Stockholder Equity = 802.8m (last 4 quarters mean from totalStockholderEquity)
RoA = -15.54% (Net Income -432.9m / Total Assets 2.55b)
RoE = -28.90% (Net Income TTM -432.9m / Total Stockholder Equity 1.50b)
RoCE = -12.14% (EBIT -292.2m / Capital Employed (Equity 1.50b + L.T.Debt 908.4m))
RoIC = -11.18% (negative operating profit) (NOPAT -230.8m / Invested Capital 2.06b)
WACC = 9.97% (E(1.29b)/V(2.65b) * Re(12.14%) + D(1.36b)/V(2.65b) * Rd(10.00%) * (1-Tc(0.21)))
Discount Rate = 12.14% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 58.20 | Cagr: 0.22%
[DCF] Terminal Value 67.29% ; FCFF base≈34.3m ; Y1≈30.1m ; Y5≈24.3m
[DCF] Fair Price = N/A (negative equity: EV 307.9m - Net Debt 1.32b = -1.02b; debt exceeds intrinsic value)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.26 | # QB: 0
Revenue Correlation: -95.23 | Revenue CAGR: -15.67% | SUE: 0.41 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.29 | Chg30d=+5.47% | Revisions=-20% | Analysts=3
EPS next Quarter (2026-09-30): EPS=-0.22 | Chg30d=+11.84% | Revisions=+20% | Analysts=3
EPS current Year (2026-12-31): EPS=-1.15 | Chg30d=+3.89% | Revisions=-20% | GrowthEPS=+28.7% | GrowthRev=-0.3%
EPS next Year (2027-12-31): EPS=-0.63 | Chg30d=+18.77% | Revisions=+20% | GrowthEPS=+45.6% | GrowthRev=+9.6%
[Analyst] Revisions Ratio: -20%