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 $802.7M against $493.6M — 1.6× the size. ProFrac Holding Corp. has negative trailing earnings, so its P/E is not meaningful; Flotek Industries, Inc. trades at 26.0×. Flotek Industries, Inc. grew revenue faster over the last twelve months: 59.3% against −3.30%. Flotek Industries, Inc. has the higher net margin (8.81% vs 0.00%) and the higher return on invested capital (14.5% vs −9.29%). Across the 19 metrics below, Flotek Industries, Inc. leads on 13 and ProFrac Holding Corp. on 6.

Valuation

Metric ACDC FTK Oil & Gas Equipment & Services median
P/E n/m 26.04 20.53
P/S 0.26 2.30 1.08
P/B 0.79 5.63 1.64
Price to free cash flow n/m n/m 12.36
EV/EBITDA 10.75 17.83 8.00
EV/Sales 0.81 2.46 1.29
Earnings yield (79.85%) 3.84% 3.88%
Free cash flow yield (0.40%) (1.56%) 5.18%

Profitability

Metric ACDC FTK Oil & Gas Equipment & Services median
Gross margin 21.82% 23.32% 22.88%
Operating margin (11.80%) 13.21% 7.44%
Net margin 0.00% 8.81% 4.12%
Free cash flow margin 7.01% (3.58%) 3.10%
Return on equity 0.00% 24.37% 5.46%
Return on assets 0.00% 11.82% 2.63%
Return on invested capital (9.29%) 14.49% 4.26%

Growth

Metric ACDC FTK Oil & Gas Equipment & Services median
Revenue growth (TTM) (3.30%) 59.31% 4.65%
EPS growth (last fiscal year) (60.87%) 147.06% (13.00%)
Revenue growth, 5-year CAGR 28.80% 34.88% 12.57%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ACDC FTK Oil & Gas Equipment & Services median
Debt to equity 1.45 0.54 0.44
Current ratio 0.90 2.30 2.04
Net debt to EBITDA 5.15 1.18 1.12

Dividend

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

Size

Metric ACDC FTK Oil & Gas Equipment & Services median
Market cap 493.55m 802.65m 1.44b

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