NASDAQ : ACDC
ProFrac Holding Corp. — Financial statements
Energy · Oil & Gas Equipment & Services · United States
Last price 4.88 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 888.76M
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Financial statements
ProFrac Holding Corp. (ACDC) reported revenue of 1.79B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.79B | 1.94B | 2.19B | 2.63B | 2.43B | 768.40M |
| Cost of Revenue | 1.40B | 1.45B | 1.50B | 1.74B | 1.46B | 570.10M |
| Gross Profit | 384.30M | 487.20M | 695.80M | 889.90M | 968.80M | 198.30M |
| Selling, General & Admin | 172.80M | 190.50M | 204.60M | 233.60M | 225.00M | 64.20M |
| Other Operating Expenses | 2.10M | 21.70M | 13.50M | 100.00K | 1.90M | -1.20M |
| Operating Expenses | 574.60M | 628.50M | 660.30M | 672.10M | 494.20M | 203.70M |
| Operating Income | -190.30M | -141.30M | 35.50M | 217.80M | 474.60M | -5.40M |
| Interest Expense | -133.80M | -138.80M | -156.60M | -154.90M | -59.50M | -25.80M |
| Currency Exchange Gain (Loss) | -200.00K | |||||
| Other Non Operating Income (Expenses) | 1.10M | -3.80M | 3.00M | -36.20M | 16.50M | 600.00K |
| EBT Excluding Unusual Items | -323.00M | -283.90M | -118.10M | 26.70M | 431.60M | -30.80M |
| Merger & Restructuring Charges | -1.60M | -200.00K | -7.80M | -21.80M | -48.80M | -2.10M |
| Gain (Loss) on Sale of Assets | -12.00M | -18.10M | -300.00K | 1.70M | -2.10M | -9.80M |
| Asset Writedown | -53.40M | -53.40M | -74.50M | -2.50M | ||
| Legal Settlements | -10.00M | -11.00M | -15.70M | -34.10M | -11.30M | |
| Other Unusual Items | -800.00K | -1.80M | -3.30M | -28.00M | -91.20M | 41.40M |
| Pretax Income | -400.80M | -368.40M | -214.80M | -58.00M | 278.20M | -1.30M |
| Income Tax Expense | -12.40M | -12.90M | -7.00M | 1.20M | 9.10M | -200.00K |
| Earnings From Continuing Operations | -388.40M | -355.50M | -207.80M | -59.20M | 269.10M | -1.10M |
| Minority Interest in Earnings | -18.30M | -13.50M | -7.30M | -38.50M | -177.60M | 1.10M |
| Net Income | -406.70M | -369.00M | -215.10M | -97.70M | 91.50M | |
| Preferred Dividends & Other Adjustments | 5.40M | 5.30M | 4.80M | 9.80M | ||
| Net Income to Common | -412.10M | -374.30M | -219.90M | -107.50M | 91.50M | |
| Shares Outstanding (Basic) | 178.95M | 168.30M | 159.90M | 130.90M | 44.30M | |
| Shares Outstanding (Diluted) | 178.95M | 168.30M | 159.90M | 130.90M | 44.50M | |
| EPS (Basic) | -2.30 | -2.22 | -1.38 | -0.82 | 2.07 | |
| EPS (Diluted) | -2.30 | -2.22 | -1.38 | -0.82 | 2.06 | |
| Free Cash Flow | -60.70M | 19.60M | 112.30M | 286.50M | 59.00M | -43.50M |
| Free Cash Flow Per Share | -0.34 | 0.12 | 0.70 | 2.19 | 1.33 | |
| Gross Margin | 21.50% | 25.09% | 31.76% | 33.84% | 39.94% | 25.81% |
| Operating Margin | -10.65% | -7.28% | 1.62% | 8.28% | 19.57% | -0.70% |
| Profit Margin | -23.06% | -19.28% | -10.04% | -4.09% | 3.77% | |
| Free Cash Flow Margin | -3.40% | 1.01% | 5.13% | 10.89% | 2.43% | -5.66% |
| EBITDA | 209.40M | 275.00M | 477.70M | 656.20M | 741.90M | 135.30M |
| EBITDA Margin | 11.72% | 14.16% | 21.80% | 24.95% | 30.59% | 17.61% |
| D&A For EBITDA | 399.70M | 416.30M | 442.20M | 438.40M | 267.30M | 140.70M |
| EBIT | -190.30M | -141.30M | 35.50M | 217.80M | 474.60M | -5.40M |
| EBIT Margin | -10.65% | -7.28% | 1.62% | 8.28% | 19.57% | -0.70% |
| Effective Tax Rate | 3.27% | |||||
| Revenue as Reported | 1.79B | 1.94B | 2.19B | 2.63B | 2.43B | 768.40M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 18.80M | 22.90M | 14.80M | 25.30M | 35.10M | 5.40M |
| Cash & Short-Term Investments | 18.80M | 22.90M | 14.80M | 25.30M | 35.10M | 5.40M |
| Accounts Receivable | 339.70M | 286.70M | 328.80M | 352.90M | 537.60M | 166.10M |
| Other Receivables | 5.20M | |||||
| Receivables | 339.70M | 286.70M | 328.80M | 352.90M | 542.80M | 166.10M |
| Inventory | 174.80M | 151.30M | 201.10M | 236.60M | 249.50M | 74.00M |
| Prepaid Expenses | 16.70M | 22.60M | 29.40M | 23.30M | 35.20M | 6.20M |
| Restricted Cash | 22.10M | 2.80M | ||||
| Total Current Assets | 572.10M | 483.50M | 574.10M | 638.10M | 865.40M | 251.70M |
| Property, Plant & Equipment | 1.48B | 1.62B | 1.92B | 1.87B | 1.51B | 363.70M |
| Long-Term Investments | 28.90M | 58.60M | 4.20M | |||
| Goodwill | 290.20M | 290.20M | 302.00M | 325.90M | 240.50M | |
| Other Intangible Assets | 93.80M | 111.80M | 148.90M | 173.50M | 203.10M | 27.80M |
| Long-Term Deferred Tax Assets | 24.40M | 29.00M | 300.00K | 400.00K | ||
| Other Long-Term Assets | 48.40M | 40.00M | 43.30M | 37.80M | 56.30M | 17.20M |
| Total Assets | 2.51B | 2.57B | 2.99B | 3.07B | 2.93B | 664.60M |
| Accounts Payable | 373.80M | 299.30M | 342.40M | 340.90M | 363.40M | 158.00M |
| Accrued Expenses | 79.30M | 85.90M | 77.90M | 64.10M | 103.00M | 22.50M |
| Current Portion of Long-Term Debt | 165.30M | 144.20M | 156.90M | 122.20M | 125.30M | 31.80M |
| Current Portion of Leases | 41.40M | 50.30M | 33.70M | 28.70M | 38.30M | |
| Current Income Taxes Payable | 700.00K | 700.00K | 1.90M | 1.50M | 700.00K | |
| Current Unearned Revenue | 1.90M | 800.00K | 7.40M | 7.30M | 23.10M | |
| Other Current Liabilities | 14.70M | 16.20M | 39.80M | 84.20M | 30.10M | 34.40M |
| Total Current Liabilities | 677.10M | 597.40M | 660.00M | 648.90M | 683.90M | 246.70M |
| Long-Term Debt | 906.80M | 866.30M | 932.20M | 935.60M | 790.80M | 269.80M |
| Long-Term Leases | 104.00M | 124.80M | 149.30M | 74.30M | 88.00M | |
| Long-Term Deferred Tax Liabilities | 11.80M | 11.80M | 14.90M | |||
| Other Long-Term Liabilities | 91.10M | 92.10M | 92.10M | 83.30M | 20.20M | |
| Total Liabilities | 1.79B | 1.69B | 1.85B | 1.74B | 1.58B | 516.50M |
| Common Stock | 1.80M | 1.80M | 1.50M | 1.50M | 1.50M | 147.00M |
| Additional Paid-In Capital | 1.32B | 1.33B | 1.24B | 1.23B | ||
| Retained Earnings | -776.10M | -610.20M | -235.90M | -16.00M | -1.19B | |
| Comprehensive Income & Other | 100.00K | 300.00K | 100.00K | |||
| Total Common Equity | 542.50M | 717.50M | 1.01B | 1.21B | -1.18B | 147.10M |
| Minority Interest | 103.10M | 94.40M | 69.20M | 58.70M | 2.54B | 1.00M |
| Shareholders' Equity | 717.10M | 880.70M | 1.14B | 1.33B | 1.35B | 148.10M |
| Total Liabilities & Equity | 2.51B | 2.57B | 2.99B | 3.07B | 2.93B | 664.60M |
| Total Debt | 1.22B | 1.19B | 1.27B | 1.16B | 1.04B | 301.60M |
| Net Cash (Debt) | -1.20B | -1.16B | -1.26B | -1.14B | -1.01B | -296.20M |
| Net Cash Per Share | -6.70 | -6.91 | -7.86 | -8.67 | -22.64 | |
| Filing Date Shares Outstanding | 182.12M | 180.92M | 160.18M | 159.59M | 54.70M | |
| Total Common Shares Outstanding | 182.10M | 180.87M | 160.15M | 159.39M | 54.00M | |
| Working Capital | -105.00M | -113.90M | -85.90M | -10.80M | 181.50M | 5.00M |
| Book Value Per Share | 2.98 | 3.97 | 6.29 | 7.60 | -21.93 | |
| Tangible Book Value | 158.50M | 315.50M | 556.00M | 711.80M | -1.63B | 119.30M |
| Tangible Book Value Per Share | 0.87 | 1.74 | 3.47 | 4.47 | -30.15 | |
| Land | 10.20M | 12.80M | 13.30M | 5.60M | ||
| Buildings | 151.10M | 131.00M | 113.90M | 102.00M | 15.90M | |
| Machinery | 2.46B | 2.47B | 2.15B | 1.68B | 766.50M | |
| Construction In Progress | 35.30M | 36.70M | 88.30M | 156.10M | 10.70M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -406.70M | -369.00M | -215.10M | -97.70M | 91.50M | -43.50M |
| Depreciation & Amortization | 399.70M | 416.30M | 442.20M | 438.40M | 267.30M | 140.70M |
| Other Amortization | 11.30M | 11.70M | 14.50M | 24.30M | 6.70M | 2.20M |
| Loss (Gain) From Sale of Assets | 12.00M | 18.10M | 300.00K | -1.70M | 2.10M | 9.80M |
| Asset Writedown & Restructuring Costs | 52.60M | 52.60M | 74.50M | |||
| Loss (Gain) From Sale of Investments | 6.80M | -400.00K | 38.50M | -16.50M | ||
| Stock-Based Compensation | 10.80M | 9.30M | 7.30M | 29.80M | 67.40M | |
| Provision & Write-off of Bad Debts | 900.00K | 13.70M | ||||
| Other Operating Activities | 10.30M | -6.70M | -44.50M | -8.10M | 261.00M | -800.00K |
| Change in Accounts Receivable | -3.30M | 26.90M | 55.50M | 204.80M | -203.30M | -89.60M |
| Change in Inventory | 5.40M | 38.80M | 64.70M | 19.10M | -105.10M | -16.10M |
| Change in Accounts Payable | 9.00M | -22.40M | -7.60M | -68.20M | 42.90M | 31.60M |
| Change in Other Net Operating Assets | -15.70M | -6.60M | -24.10M | -25.70M | 1.20M | 9.60M |
| Operating Cash Flow | 86.30M | 189.50M | 367.30M | 553.50M | 415.20M | 43.90M |
| Capital Expenditures | -147.00M | -169.90M | -255.00M | -267.00M | -356.20M | -87.40M |
| Sale of Property, Plant & Equipment | 12.20M | 5.80M | 72.90M | 6.20M | 48.30M | 17.50M |
| Cash Acquisitions | -194.40M | -454.50M | -640.70M | -4.30M | ||
| Investment in Securities | -80.00M | -4.20M | ||||
| Other Investing Activities | 400.00K | 4.20M | -500.00K | |||
| Investing Cash Flow | -134.80M | -163.70M | -372.30M | -715.80M | -1.03B | -78.40M |
| Long-Term Debt Issued | 1.87B | 2.07B | 2.80B | 1.39B | 223.80M | |
| Long-Term Debt Repaid | -1.97B | -2.08B | -2.63B | -934.40M | -182.40M | |
| Net Debt Issued (Repaid) | -9.60M | -92.20M | -400.00K | 163.90M | 452.40M | 41.40M |
| Issuance of Common Stock | 83.00M | 83.00M | 334.10M | |||
| Repurchase of Common Stock | -1.60M | -1.60M | -1.50M | -800.00K | -72.90M | |
| Other Financing Activities | -8.40M | -6.90M | -3.60M | -63.40M | -67.70M | -4.50M |
| Financing Cash Flow | 63.40M | -17.70M | -5.50M | 149.70M | 645.90M | 36.90M |
| Net Cash Flow | 14.90M | 8.10M | -10.50M | -12.60M | 32.50M | 2.40M |
| Free Cash Flow | -60.70M | 19.60M | 112.30M | 286.50M | 59.00M | -43.50M |
| Free Cash Flow Margin | -3.40% | 1.01% | 5.13% | 10.89% | 2.43% | -5.66% |
| Free Cash Flow Per Share | -0.34 | 0.12 | 0.70 | 2.19 | 1.33 | |
| Levered Free Cash Flow | 67.14M | 124.54M | 158.21M | 460.01M | -33.96M | 16.59M |
| Unlevered Free Cash Flow | 139.46M | 199.59M | 241.59M | 532.52M | -3.48M | 30.51M |
| Cash Interest Paid | 125.50M | 125.50M | 137.80M | 139.10M | 35.00M | 23.50M |
| Cash Income Tax Paid | 2.10M | 2.10M | 3.00M | 300.00K | 4.80M | -200.00K |
| Change in Working Capital | -4.60M | 36.70M | 88.50M | 130.00M | -264.30M | -64.50M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 888.76M | 703.59M | 1.24B | 1.35B | 1.36B | |
| Enterprise Value | 2.09B | 2.01B | 2.65B | 2.59B | 3.65B | |
| Last Close Price | 4.88 | 3.89 | 7.76 | 8.48 | 25.20 | |
| PE Ratio | 14.86 | |||||
| Forward PE | 5.60 | 5.60 | 6.71 | 3.53 | ||
| PS Ratio | 0.50 | 0.36 | 0.57 | 0.51 | 0.56 | |
| PB Ratio | 1.64 | 0.80 | 1.09 | 1.02 | 1.01 | |
| P/TBV Ratio | 5.61 | 2.23 | 2.23 | 1.90 | ||
| P/FCF Ratio | 35.90 | 11.07 | 4.72 | 23.05 | ||
| P/OCF Ratio | 10.30 | 3.71 | 3.38 | 2.44 | 3.27 | |
| PEG Ratio | 0.04 | 0.04 | ||||
| EV/Sales Ratio | 1.17 | 1.04 | 1.21 | 0.99 | 1.50 | |
| EV/EBITDA Ratio | 9.97 | 7.32 | 5.55 | 3.95 | 4.92 | |
| EV/EBIT Ratio | 74.68 | 11.91 | 7.69 | |||
| EV/FCF Ratio | 102.67 | 23.61 | 9.05 | 61.84 | ||
| Debt / Equity Ratio | 1.70 | 1.35 | 1.12 | 0.87 | 0.77 | 2.04 |
| Debt / EBITDA Ratio | 3.95 | 3.27 | 2.35 | 1.58 | 1.35 | 2.23 |
| Debt / FCF Ratio | 60.49 | 11.33 | 4.05 | 17.67 | ||
| Net Debt / Equity Ratio | 1.67 | 1.32 | 1.10 | 0.85 | 0.75 | 2.00 |
| Net Debt / EBITDA Ratio | 5.72 | 4.23 | 2.63 | 1.73 | 1.36 | 2.19 |
| Net Debt / FCF Ratio | -19.75 | 59.32 | 11.20 | 3.96 | 17.07 | -6.81 |
| Asset Turnover | 0.67 | 0.70 | 0.72 | 0.88 | 1.35 | 1.24 |
| Inventory Turnover | 7.89 | 8.26 | 6.83 | 7.16 | 9.01 | 8.73 |
| Quick Ratio | 0.53 | 0.52 | 0.52 | 0.58 | 0.84 | 0.69 |
| Current Ratio | 0.84 | 0.81 | 0.87 | 0.98 | 1.26 | 1.02 |
| Return on Equity (ROE) | -44.76% | -35.19% | -16.84% | -4.42% | 35.91% | -0.68% |
| Return on Assets (ROA) | -4.46% | -3.18% | 0.73% | 4.53% | 16.49% | -0.54% |
| Return on Invested Capital (ROIC) | -9.81% | -6.36% | 1.46% | 9.03% | 32.76% | -1.21% |
| Return on Capital Employed (ROCE) | -10.40% | -7.20% | 1.50% | 9.00% | 21.10% | -1.30% |
| Earnings Yield | -47.19% | -52.45% | -17.31% | -7.23% | 6.73% | |
| FCF Yield | -6.83% | 2.79% | 9.04% | 21.20% | 4.34% | |
| Buyback Yield / Dilution | -11.74% | -5.25% | -22.15% | -194.16% |