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 $775.6M against $493.6M — 1.6× the size. ProFrac Holding Corp. has negative trailing earnings, so its P/E is not meaningful; Forum Energy Technologies, Inc. trades at 25.6×. Forum Energy Technologies, Inc. grew revenue faster over the last twelve months: 10.6% against −3.30%. Forum Energy Technologies, Inc. has the higher net margin (3.46% vs 0.00%) and the higher return on invested capital (9.78% vs −9.29%). Across the 19 metrics below, Forum Energy Technologies, Inc. leads on 15 and ProFrac Holding Corp. on 4.

Valuation

Metric ACDC FET Oil & Gas Equipment & Services median
P/E n/m 25.58 20.53
P/S 0.26 0.89 1.08
P/B 0.79 2.45 1.64
Price to free cash flow n/m 12.36 12.36
EV/EBITDA 10.75 9.21 8.00
EV/Sales 0.81 1.00 1.29
Earnings yield (79.85%) 3.91% 3.88%
Free cash flow yield (0.40%) 8.09% 5.18%

Profitability

Metric ACDC FET Oil & Gas Equipment & Services median
Gross margin 21.82% 30.65% 22.88%
Operating margin (11.80%) 7.35% 7.44%
Net margin 0.00% 3.46% 4.12%
Free cash flow margin 7.01% 7.22% 3.10%
Return on equity 0.00% 9.81% 5.46%
Return on assets 0.00% 3.83% 2.63%
Return on invested capital (9.29%) 9.78% 4.26%

Growth

Metric ACDC FET Oil & Gas Equipment & Services median
Revenue growth (TTM) (3.30%) 10.58% 4.65%
EPS growth (last fiscal year) (60.87%) 92.64% (13.00%)
Revenue growth, 5-year CAGR 28.80% 9.08% 12.57%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ACDC FET Oil & Gas Equipment & Services median
Debt to equity 1.45 0.40 0.44
Current ratio 0.90 2.04 2.04
Net debt to EBITDA 5.15 1.58 1.12

Dividend

Metric ACDC FET Oil & Gas Equipment & Services median
Dividend yield — — 1.49%
Payout ratio — — 0.36

Size

Metric ACDC FET Oil & Gas Equipment & Services median
Market cap 493.55m 775.56m 1.44b

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