ProFrac Holding Corp. (ACDC) vs Forum Energy Technologies, Inc. (FET)

ProFrac Holding Corp. and Forum Energy Technologies, Inc. are both Oil & Gas Equipment & Services companies. Forum Energy Technologies, Inc. is the larger, with a market value of $959.6M against $826.8M — 1.2× the size. Forum Energy Technologies, Inc. grew revenue faster over the last twelve months: 3.93% against −16.2%. Forum Energy Technologies, Inc. has the higher net margin (−0.19% vs −22.8%) and the higher return on invested capital (5.97% vs −9.80%). Across the 19 metrics below, Forum Energy Technologies, Inc. leads on 14 and ProFrac Holding Corp. on 5.

Valuation

Metric ACDC FET Oil & Gas Equipment & Services median
P/E n/m n/m 24.78
P/S 0.47 1.12 1.28
P/B 1.30 3.23 1.85
Price to free cash flow n/m 17.21 15.03
EV/EBITDA 13.32 15.10 8.93
EV/Sales 1.07 1.25 1.40
Earnings yield (50.54%) (0.10%) 3.12%
Free cash flow yield (5.78%) 5.81% 5.01%

Profitability

Metric ACDC FET Oil & Gas Equipment & Services median
Gross margin 21.50% 28.04% 23.27%
Operating margin (15.00%) 4.58% 9.34%
Net margin (22.76%) (0.19%) 4.69%
Free cash flow margin (2.71%) 6.52% 5.05%
Return on equity (50.92%) (0.51%) 4.92%
Return on assets (15.24%) (0.20%) 2.37%
Return on invested capital (9.80%) 5.97% 4.32%

Growth

Metric ACDC FET Oil & Gas Equipment & Services median
Revenue growth (TTM) (16.18%) 3.93% 6.08%
EPS growth (last fiscal year) (60.87%) 92.64% —
Revenue growth, 5-year CAGR 28.80% 9.08% 10.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ACDC FET Oil & Gas Equipment & Services median
Debt to equity 1.68 0.50 0.46
Current ratio 0.84 2.19 2.11
Net debt to EBITDA 5.15 1.58 0.76

Dividend

Metric ACDC FET Oil & Gas Equipment & Services median
Dividend yield — — 2.12%
Payout ratio — 0.00 0.00

Size

Metric ACDC FET Oil & Gas Equipment & Services median
Market cap 826.84m 959.58m 1.81b

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