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 $895.7M against $750.4M — 1.2× the size. ProFrac Holding Corp. has negative trailing earnings, so its P/E is not meaningful; Flotek Industries, Inc. trades at 22.5×. 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 22.50 22.50
P/S 0.41 2.94 1.17
P/B 1.14 6.67 1.82
Price to free cash flow n/m n/m 13.72
EV/EBITDA 12.58 18.72 8.68
EV/Sales 1.01 3.10 1.34
Earnings yield (57.82%) 4.44% 3.94%
Free cash flow yield (6.61%) (0.48%) 5.66%

Profitability

Metric ACDC FTK Oil & Gas Equipment & Services median
Gross margin 21.50% 24.68% 23.26%
Operating margin (15.00%) 12.82% 9.34%
Net margin (22.76%) 12.97% 4.69%
Free cash flow margin (2.71%) (1.40%) 5.35%
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% (13.00%)
Revenue growth, 5-year CAGR 28.80% 34.88% 14.44%
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 2.07
Net debt to EBITDA 5.15 1.18 0.75

Dividend

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

Size

Metric ACDC FTK Oil & Gas Equipment & Services median
Market cap 750.35m 895.73m 1.63b

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