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Friday 6 November 2026
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ProFrac Holding Corp.
ACDC Energy Oil & Gas Equipment & Services
ProFrac Holding Corp.’s revenue for fiscal 2025 (year ended December 2025) was $1.9 billion, down 11.4% from fiscal 2024.
- Revenue
- +26.8%
- EPS
- +25.0%
- Free cash flow
- +275.0%
- Total debt
- −14.3%
Quarter to September 2026, against a year earlier
2.87
0.16
+5.90%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | 548 | 768 | 2,426 | 2,630 | 2,191 | 1,942 | 1,895 | +28.8% | 2,025 | 2,218 | 2,047 | +1.8% | |
| Gross margin, % | — | — | — | — | 22.04 | 25.81 | 39.94 | 33.84 | 31.76 | 25.09 | 21.82 | +3.1 pt | ||||||
| EBT | — | — | — | — | (118) | (44) | 352 | (58) | (215) | (368) | (359) | +25.6% | ||||||
| EBT margin, % | — | — | — | — | (21.54) | (5.69) | 14.50 | (2.21) | (9.80) | (18.97) | (18.95) | +2.6 pt | ||||||
| Net income | — | — | — | — | (118) | (43) | 343 | (59) | (208) | (355) | (370) | +24.6% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 3.91 | 5.49 | 54.75 | 20.09 | 13.70 | 11.54 | 10.41 | +24.1% | |||||
| Earnings | — | — | — | — | (0.84) | (1.06) | 2.06 | (0.82) | (1.38) | (2.22) | (2.18) | +21.5% | ||||||
| Cash flow | — | — | — | — | 0.32 | 0.31 | 9.37 | 4.23 | 2.30 | 1.13 | 0.73 | +28.4% | ||||||
| Capex | — | — | — | — | (0.31) | (0.50) | (6.95) | (1.99) | (1.14) | (0.97) | 0.00 | +25.8% | ||||||
| Free cash flow | — | — | — | — | 0.01 | (0.19) | 2.42 | 2.24 | 1.16 | 0.15 | 0.73 | +63.5% | ||||||
| Book value | — | — | — | — | 1.26 | 1.06 | (25.11) | 9.70 | 6.73 | 4.82 | 3.47 | +30.7% | ||||||
| Shares, m | — | — | — | — | 140 | 140 | 44 | 131 | 160 | 168 | 179 | +3.8% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | 5.13 | 5.13 | 5.13 | 0.00 | 0.00 | 0.00 | 0.00 | 2.6 | |||||
| P/S | — | — | — | — | 0.00 | 0.00 | 0.39 | 0.40 | 0.57 | 0.34 | 0.26 | 0.3 | ||||||
| P/B | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.82 | 1.15 | 0.81 | 0.79 | 0.5 | ||||||
| EV/Sales | — | — | — | — | 0.62 | 0.62 | 0.76 | 0.79 | 1.07 | 0.85 | 0.81 | 0.8 | ||||||
| EV/FCF | — | — | — | — | 96.10 | 96.10 | 17.13 | 7.13 | 12.61 | 65.24 | (767.77) | 49.1 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | 45 | 44 | 415 | 554 | 367 | 190 | 133 | +33.3% | |||||
| Capex | — | — | — | — | (43) | (70) | (308) | (261) | (182) | (164) | (135) | +30.5% | ||||||
| Free cash flow | — | — | — | — | 2 | (26) | 107 | 293 | 185 | 25 | 133 | +69.8% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | (1) | 5 | 182 | (11) | (86) | (114) | (68) | +191.0% | |||||
| Net debt | — | — | — | — | 273 | 296 | 890 | 1,043 | 1,094 | 1,002 | 873 | +29.7% | ||||||
| Shareholders’ equity | — | — | — | — | 177 | 148 | (1,112) | 1,270 | 1,076 | 812 | 632 | +35.6% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | 0.00 | (23.83) | 5.09 | (3.25) | (7.10) | (13.27) | 0.00 | (13.3) pt | |||||
| ROIC | — | — | — | — | (13.21) | (2.53) | 0.00 | 4.50 | (1.74) | (7.78) | (9.29) | +5.4 pt | ||||||
| ROE | — | — | — | — | 0.00 | (91.10) | (18.98) | (123.91) | (18.34) | (39.09) | 0.00 | (39.1) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | 2,522 | 3,664 | 2,949 | 3,077 | 2,280 | — | (2.5%) | |||||
| Revenue/emp, $m | — | — | — | — | 0.00 | 0.30 | 0.66 | 0.89 | 0.71 | 0.85 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026
ProFrac Holding Corp. vs peers in Oil & Gas Equipment & Services (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| VTOL Bristow Group Inc. | $1.1B | 13.4× | 12.1× | +13.37% (above 0%: growing) | −47.25% (below 0%: shrinking) | −292.76% (below 0%: shrinking) | 28.68% | 10.89% | Compare |
| TTI Tetra Technologies, Inc. | $863.9M | 105× | 25.1× | +9.60% (above 0%: growing) | +54.00% (above 0%: growing) | −3,774.17% (below 0%: shrinking) | 20.90% | 5.79% | Compare |
| FTK Flotek Industries, Inc. | $802.7M | 26.0× | 31.2× | +104.09% (above 0%: growing) | −35.47% (below 0%: shrinking) | −376.03% (below 0%: shrinking) | 23.96% | 15.70% | Compare |
| FET Forum Energy Technologies, Inc. | $775.6M | 25.6× | 23.0× | +20.68% (above 0%: growing) | n/m | +40.56% (above 0%: growing) | 31.42% | 8.43% | Compare |
| PUMP ProPetro Holding Corp. | $738.4M | 361× | 1,531× | +20.91% (above 0%: growing) | n/m | −5,380.61% (below 0%: shrinking) | 24.10% | 3.10% | Compare |
| AESI Atlas Energy Solutions Inc. | $666.4M | — (loss-making) | — (loss-making) | +3.15% (above 0%: growing) | n/m | −11,506.33% (below 0%: shrinking) | 19.52% | (14.94%) | Compare |
| HMH HMH Holding Inc. | $526.7M | — | — | — | — | — | 35.88% | (2.83%) | Compare |
| ACDC ProFrac Holding Corp. | $493.6M | — (loss-making) | — (loss-making) | +26.79% (above 0%: growing) | n/m | +275.00% (above 0%: growing) | 21.19% | (6.73%) | |
| OIS Oil States International, Inc. | $486.2M | — (loss-making) | 24.0× | +2.78% (above 0%: growing) | +66.67% (above 0%: growing) | −69.20% (below 0%: shrinking) | 23.38% | 3.73% | Compare |
| Median of peers | $757.0M | 26.0× | 24.6× | +13.37% | +9.27% | −376.03% | 24.03% | 4.76% |
Pay and ownership Proxy statement filed 27 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 1.40m | 658.20k | 47.04 |
| 2024 | 1.39m | 1.27m | 97.24 |
| 2023 | 901.18k | (147.38k) | 39.63 |
Ownership
Directors and executive officers, together
2.23%
THRC Holdings, LP
46.86%
FARJO Holdings, LP
35.03%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement