ProFrac Holding Corp. (ACDC) vs RPC, Inc. (RES)

ProFrac Holding Corp. and RPC, Inc. are both Oil & Gas Equipment & Services companies. RPC, Inc. is the larger, with a market value of $1.3B against $826.8M — 1.6× the size. ProFrac Holding Corp. has negative trailing earnings, so its P/E is not meaningful; RPC, Inc. trades at 62.1×. RPC, Inc. grew revenue faster over the last twelve months: 25.4% against −16.2%. RPC, Inc. has the higher net margin (1.19% vs −22.8%) and the higher return on invested capital (2.23% vs −9.80%). Across the 19 metrics below, RPC, Inc. leads on 16 and ProFrac Holding Corp. on 3.

Valuation

Metric ACDC RES Oil & Gas Equipment & Services median
P/E n/m 62.13 24.78
P/S 0.47 0.72 1.28
P/B 1.30 1.17 1.85
Price to free cash flow n/m 22.91 15.03
EV/EBITDA 13.32 5.64 8.93
EV/Sales 1.07 0.64 1.40
Earnings yield (50.54%) 1.61% 3.12%
Free cash flow yield (5.78%) 4.37% 5.01%

Profitability

Metric ACDC RES Oil & Gas Equipment & Services median
Gross margin 21.50% 23.26% 23.27%
Operating margin (15.00%) 1.91% 9.34%
Net margin (22.76%) 1.19% 4.69%
Free cash flow margin (2.71%) 3.16% 5.05%
Return on equity (50.92%) 1.93% 4.92%
Return on assets (15.24%) 1.46% 2.37%
Return on invested capital (9.80%) 2.23% 4.32%

Growth

Metric ACDC RES Oil & Gas Equipment & Services median
Revenue growth (TTM) (16.18%) 25.36% 6.08%
EPS growth (last fiscal year) (60.87%) (65.12%) —
Revenue growth, 5-year CAGR 28.80% 22.14% 10.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ACDC RES Oil & Gas Equipment & Services median
Debt to equity 1.68 0.03 0.46
Current ratio 0.84 3.34 2.11
Net debt to EBITDA 5.15 (0.77) 0.76

Dividend

Metric ACDC RES Oil & Gas Equipment & Services median
Dividend yield — 2.29% 2.12%
Payout ratio — 0.09 0.00

Size

Metric ACDC RES Oil & Gas Equipment & Services median
Market cap 826.84m 1.31b 1.81b

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