ProFrac Holding Corp. (ACDC) vs Natural Gas Services Group, Inc. (NGS)

ProFrac Holding Corp. and Natural Gas Services Group, Inc. are both Oil & Gas Equipment & Services companies. ProFrac Holding Corp. is the larger, with a market value of $493.6M against $344.1M — 1.4× the size. ProFrac Holding Corp. has negative trailing earnings, so its P/E is not meaningful; Natural Gas Services Group, Inc. trades at 16.5×. Natural Gas Services Group, Inc. grew revenue faster over the last twelve months: 15.4% against −3.30%. Natural Gas Services Group, Inc. has the higher net margin (10.8% vs 0.00%) and the higher return on invested capital (4.10% vs −9.29%). Across the 20 metrics below, Natural Gas Services Group, Inc. leads on 14 and ProFrac Holding Corp. on 6.

Valuation

Metric ACDC NGS Oil & Gas Equipment & Services median
P/E n/m 16.48 20.53
P/S 0.26 1.80 1.08
P/B 0.79 1.16 1.64
Price to free cash flow n/m n/m 12.36
EV/EBITDA 10.75 8.10 8.00
EV/Sales 0.81 3.53 1.29
Earnings yield (79.85%) 6.07% 3.88%
Free cash flow yield (0.40%) (9.17%) 5.18%

Profitability

Metric ACDC NGS Oil & Gas Equipment & Services median
Gross margin 21.82% 59.72% 22.88%
Operating margin (11.80%) 21.57% 7.44%
Net margin 0.00% 10.81% 4.12%
Free cash flow margin 7.01% (16.47%) 3.10%
Return on equity 0.00% 7.30% 5.46%
Return on assets 0.00% 3.29% 2.63%
Return on invested capital (9.29%) 4.10% 4.26%

Growth

Metric ACDC NGS Oil & Gas Equipment & Services median
Revenue growth (TTM) (3.30%) 15.42% 4.65%
EPS growth (last fiscal year) (60.87%) 14.60% (13.00%)
Revenue growth, 5-year CAGR 28.80% 20.42% 12.57%
Net income growth, 5-year CAGR 0.00% 61.60% 0.00%

Health

Metric ACDC NGS Oil & Gas Equipment & Services median
Debt to equity 1.45 1.11 0.44
Current ratio 0.90 2.01 2.04
Net debt to EBITDA 5.15 3.06 1.12

Dividend

Metric ACDC NGS Oil & Gas Equipment & Services median
Dividend yield — 1.94% 1.49%
Payout ratio — 0.32 0.36

Size

Metric ACDC NGS Oil & Gas Equipment & Services median
Market cap 493.55m 344.13m 1.44b

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