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 $888.8M against $351.5M — 2.5× the size. ProFrac Holding Corp. has negative trailing earnings, so its P/E is not meaningful; Ranger Energy Services, Inc. trades at 22.9×. 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 22.87 21.47
P/S 0.44 0.55 1.18
P/B 1.22 1.11 1.72
Price to free cash flow n/m 13.28 13.81
EV/EBITDA 12.97 4.54 8.77
EV/Sales 1.04 0.59 1.32
Earnings yield (53.81%) 4.37% 4.14%
Free cash flow yield (6.15%) 7.53% 4.85%

Profitability

Metric ACDC RNGR Oil & Gas Equipment & Services median
Gross margin 21.50% 17.67% 23.47%
Operating margin (15.00%) 3.74% 7.40%
Net margin (22.76%) 2.36% 4.12%
Free cash flow margin (2.71%) 4.17% 2.08%
Return on equity (50.92%) 4.93% 4.55%
Return on assets (15.24%) 3.37% 2.45%
Return on invested capital (9.80%) 4.54% 4.26%

Growth

Metric ACDC RNGR Oil & Gas Equipment & Services median
Revenue growth (TTM) (16.18%) 6.08% 4.29%
EPS growth (last fiscal year) (60.87%) (33.33%) (13.00%)
Revenue growth, 5-year CAGR 28.80% 23.83% 12.57%
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 0.45
Current ratio 0.84 1.73 2.05
Net debt to EBITDA 5.15 (0.11) 1.12

Dividend

Metric ACDC RNGR Oil & Gas Equipment & Services median
Dividend yield — 1.69% 1.53%
Payout ratio — 0.40 0.39

Size

Metric ACDC RNGR Oil & Gas Equipment & Services median
Market cap 888.76m 351.50m 1.59b

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