ProFrac Holding Corp. (ACDC) vs Ranger Energy Services, Inc. (RNGR)

ProFrac Holding Corp. and Ranger Energy Services, Inc. are both Oil & Gas Equipment & Services companies. ProFrac Holding Corp. is the larger, with a market value of $856.0M against $361.8M — 2.4× the size. ProFrac Holding Corp. has negative trailing earnings, so its P/E is not meaningful; Ranger Energy Services, Inc. trades at 24.9×. Ranger Energy Services, Inc. grew revenue faster over the last twelve months: 6.08% against −16.2%. Ranger Energy Services, Inc. has the higher net margin (2.36% vs −22.8%) and the higher return on invested capital (4.54% vs −9.80%). Across the 19 metrics below, Ranger Energy Services, Inc. leads on 16 and ProFrac Holding Corp. on 3.

Valuation

Metric ACDC RNGR Oil & Gas Equipment & Services median
P/E n/m 24.87 24.02
P/S 0.47 0.60 1.20
P/B 1.31 1.21 2.01
Price to free cash flow n/m 14.44 14.44
EV/EBITDA 13.36 4.91 8.72
EV/Sales 1.07 0.64 1.37
Earnings yield (50.22%) 4.02% 3.61%
Free cash flow yield (5.74%) 6.92% 5.67%

Profitability

Metric ACDC RNGR Oil & Gas Equipment & Services median
Gross margin 21.50% 17.67% 23.26%
Operating margin (15.00%) 3.74% 9.34%
Net margin (22.76%) 2.36% 4.69%
Free cash flow margin (2.71%) 4.17% 5.35%
Return on equity (50.92%) 4.93% 4.92%
Return on assets (15.24%) 3.37% 2.37%
Return on invested capital (9.80%) 4.54% 4.32%

Growth

Metric ACDC RNGR Oil & Gas Equipment & Services median
Revenue growth (TTM) (16.18%) 6.08% 6.08%
EPS growth (last fiscal year) (60.87%) (33.33%) (13.00%)
Revenue growth, 5-year CAGR 28.80% 23.83% 14.44%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ACDC RNGR Oil & Gas Equipment & Services median
Debt to equity 1.68 0.05 0.46
Current ratio 0.84 1.73 2.07
Net debt to EBITDA 5.15 (0.11) 0.75

Dividend

Metric ACDC RNGR Oil & Gas Equipment & Services median
Dividend yield — 1.56% 1.41%
Payout ratio — 0.40 0.38

Size

Metric ACDC RNGR Oil & Gas Equipment & Services median
Market cap 855.98m 361.79m 1.77b

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