ProFrac Holding Corp. (ACDC) vs Tetra Technologies, Inc. (TTI)

ProFrac Holding Corp. and Tetra Technologies, Inc. are both Oil & Gas Equipment & Services companies. ProFrac Holding Corp. and Tetra Technologies, Inc. are of similar size ($888.8M and $867.7M). ProFrac Holding Corp. has negative trailing earnings, so its P/E is not meaningful; Tetra Technologies, Inc. trades at 139×. Tetra Technologies, Inc. grew revenue faster over the last twelve months: 5.70% against −16.2%. Tetra Technologies, Inc. has the higher net margin (0.97% vs −22.8%) and the higher return on invested capital (6.69% vs −9.80%). Across the 19 metrics below, Tetra Technologies, Inc. leads on 14 and ProFrac Holding Corp. on 5.

Valuation

Metric ACDC TTI Oil & Gas Equipment & Services median
P/E n/m 139.25 21.47
P/S 0.44 1.21 1.18
P/B 1.22 1.90 1.72
Price to free cash flow n/m n/m 13.81
EV/EBITDA 12.97 9.30 8.77
EV/Sales 1.04 1.25 1.32
Earnings yield (53.81%) 0.72% 4.14%
Free cash flow yield (6.15%) (1.86%) 4.85%

Profitability

Metric ACDC TTI Oil & Gas Equipment & Services median
Gross margin 21.50% 23.17% 23.47%
Operating margin (15.00%) 7.26% 7.40%
Net margin (22.76%) 0.97% 4.12%
Free cash flow margin (2.71%) (2.25%) 2.08%
Return on equity (50.92%) 1.78% 4.55%
Return on assets (15.24%) 0.86% 2.45%
Return on invested capital (9.80%) 6.69% 4.26%

Growth

Metric ACDC TTI Oil & Gas Equipment & Services median
Revenue growth (TTM) (16.18%) 5.70% 4.29%
EPS growth (last fiscal year) (60.87%) (97.56%) (13.00%)
Revenue growth, 5-year CAGR 28.80% 10.81% 12.57%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ACDC TTI Oil & Gas Equipment & Services median
Debt to equity 1.68 0.45 0.45
Current ratio 0.84 2.46 2.05
Net debt to EBITDA 5.15 1.15 1.12

Dividend

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

Size

Metric ACDC TTI Oil & Gas Equipment & Services median
Market cap 888.76m 867.71m 1.59b

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