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 $750.4M against $399.3M — 1.9× the size. ProFrac Holding Corp. has negative trailing earnings, so its P/E is not meaningful; Natural Gas Services Group, Inc. trades at 19.1×. Natural Gas Services Group, Inc. grew revenue faster over the last twelve months: 15.4% against −16.2%. Natural Gas Services Group, Inc. has the higher net margin (10.8% vs −22.8%) and the higher return on invested capital (4.10% vs −9.80%). 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 19.08 22.50
P/S 0.41 2.08 1.17
P/B 1.14 1.34 1.82
Price to free cash flow n/m n/m 13.72
EV/EBITDA 12.58 8.75 8.68
EV/Sales 1.01 3.81 1.34
Earnings yield (57.82%) 5.24% 3.94%
Free cash flow yield (6.61%) (7.92%) 5.66%

Profitability

Metric ACDC NGS Oil & Gas Equipment & Services median
Gross margin 21.50% 59.72% 23.26%
Operating margin (15.00%) 21.57% 9.34%
Net margin (22.76%) 10.81% 4.69%
Free cash flow margin (2.71%) (16.47%) 5.35%
Return on equity (50.92%) 7.30% 4.92%
Return on assets (15.24%) 3.29% 2.37%
Return on invested capital (9.80%) 4.10% 4.32%

Growth

Metric ACDC NGS Oil & Gas Equipment & Services median
Revenue growth (TTM) (16.18%) 15.42% 6.08%
EPS growth (last fiscal year) (60.87%) 14.60% (13.00%)
Revenue growth, 5-year CAGR 28.80% 20.42% 14.44%
Net income growth, 5-year CAGR 0.00% 61.60% 0.00%

Health

Metric ACDC NGS Oil & Gas Equipment & Services median
Debt to equity 1.68 1.11 0.46
Current ratio 0.84 2.01 2.07
Net debt to EBITDA 5.15 3.06 0.75

Dividend

Metric ACDC NGS Oil & Gas Equipment & Services median
Dividend yield — 1.67% 1.51%
Payout ratio — 0.32 0.38

Size

Metric ACDC NGS Oil & Gas Equipment & Services median
Market cap 750.35m 399.33m 1.63b

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