ProFrac Holding Corp. (ACDC) vs Core Laboratories Inc. (CLB)

ProFrac Holding Corp. and Core Laboratories Inc. are both Oil & Gas Equipment & Services companies. ProFrac Holding Corp. is the larger, with a market value of $750.4M against $448.8M — 1.7× the size. ProFrac Holding Corp. has negative trailing earnings, so its P/E is not meaningful; Core Laboratories Inc. trades at 19.2×. Core Laboratories Inc. grew revenue faster over the last twelve months: 0.35% against −16.2%. Core Laboratories Inc. has the higher net margin (4.69% vs −22.8%) and the higher return on invested capital (8.08% vs −9.80%). Across the 19 metrics below, Core Laboratories Inc. leads on 14 and ProFrac Holding Corp. on 5.

Valuation

Metric ACDC CLB Oil & Gas Equipment & Services median
P/E n/m 19.18 22.50
P/S 0.41 0.88 1.17
P/B 1.14 1.65 1.82
Price to free cash flow n/m 31.39 13.72
EV/EBITDA 12.58 9.98 8.68
EV/Sales 1.01 1.20 1.34
Earnings yield (57.82%) 5.21% 3.94%
Free cash flow yield (6.61%) 3.19% 5.66%

Profitability

Metric ACDC CLB Oil & Gas Equipment & Services median
Gross margin 21.50% 19.52% 23.26%
Operating margin (15.00%) 9.21% 9.34%
Net margin (22.76%) 4.69% 4.69%
Free cash flow margin (2.71%) 2.82% 5.35%
Return on equity (50.92%) 8.92% 4.92%
Return on assets (15.24%) 4.10% 2.37%
Return on invested capital (9.80%) 8.08% 4.32%

Growth

Metric ACDC CLB Oil & Gas Equipment & Services median
Revenue growth (TTM) (16.18%) 0.35% 6.08%
EPS growth (last fiscal year) (60.87%) 3.03% (13.00%)
Revenue growth, 5-year CAGR 28.80% 1.56% 14.44%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ACDC CLB Oil & Gas Equipment & Services median
Debt to equity 1.68 0.41 0.46
Current ratio 0.84 2.12 2.07
Net debt to EBITDA 5.15 1.23 0.75

Dividend

Metric ACDC CLB Oil & Gas Equipment & Services median
Dividend yield — 0.40% 1.51%
Payout ratio — 0.08 0.38

Size

Metric ACDC CLB Oil & Gas Equipment & Services median
Market cap 750.35m 448.75m 1.63b

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