ProFrac Holding Corp. (ACDC) vs Flotek Industries, Inc. (FTK)

ProFrac Holding Corp. and Flotek Industries, Inc. are both Oil & Gas Equipment & Services companies. Flotek Industries, Inc. is the larger, with a market value of $1.1B against $826.8M — 1.3× the size. ProFrac Holding Corp. has negative trailing earnings, so its P/E is not meaningful; Flotek Industries, Inc. trades at 27.9×. Flotek Industries, Inc. grew revenue faster over the last twelve months: 36.8% against −16.2%. Flotek Industries, Inc. has the higher net margin (13.0% vs −22.8%) and the higher return on invested capital (13.4% vs −9.80%). Across the 19 metrics below, Flotek Industries, Inc. leads on 15 and ProFrac Holding Corp. on 4.

Valuation

Metric ACDC FTK Oil & Gas Equipment & Services median
P/E n/m 27.86 24.78
P/S 0.47 3.64 1.28
P/B 1.30 8.26 1.85
Price to free cash flow n/m n/m 15.03
EV/EBITDA 13.32 22.95 8.93
EV/Sales 1.07 3.80 1.40
Earnings yield (50.54%) 3.59% 3.12%
Free cash flow yield (5.78%) (0.39%) 5.01%

Profitability

Metric ACDC FTK Oil & Gas Equipment & Services median
Gross margin 21.50% 24.68% 23.27%
Operating margin (15.00%) 12.82% 9.34%
Net margin (22.76%) 12.97% 4.69%
Free cash flow margin (2.71%) (1.40%) 5.05%
Return on equity (50.92%) 37.80% 4.92%
Return on assets (15.24%) 17.26% 2.37%
Return on invested capital (9.80%) 13.43% 4.32%

Growth

Metric ACDC FTK Oil & Gas Equipment & Services median
Revenue growth (TTM) (16.18%) 36.77% 6.08%
EPS growth (last fiscal year) (60.87%) 147.06% —
Revenue growth, 5-year CAGR 28.80% 34.88% 10.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ACDC FTK Oil & Gas Equipment & Services median
Debt to equity 1.68 0.39 0.46
Current ratio 0.84 1.78 2.11
Net debt to EBITDA 5.15 1.18 0.76

Dividend

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

Size

Metric ACDC FTK Oil & Gas Equipment & Services median
Market cap 826.84m 1.05b 1.81b

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