ProFrac Holding Corp. (ACDC) vs Bristow Group Inc. (VTOL)

ProFrac Holding Corp. and Bristow Group Inc. are both Oil & Gas Equipment & Services companies. Bristow Group Inc. is the larger, with a market value of $1.3B against $826.8M — 1.5× the size. ProFrac Holding Corp. has negative trailing earnings, so its P/E is not meaningful; Bristow Group Inc. trades at 11.9×. Bristow Group Inc. grew revenue faster over the last twelve months: 8.19% against −16.2%. Bristow Group Inc. has the higher net margin (6.66% vs −22.8%) and the higher return on invested capital (6.45% vs −9.80%). Across the 20 metrics below, Bristow Group Inc. leads on 17 and ProFrac Holding Corp. on 3.

Valuation

Metric ACDC VTOL Oil & Gas Equipment & Services median
P/E n/m 11.90 24.78
P/S 0.47 0.81 1.28
P/B 1.30 1.16 1.85
Price to free cash flow n/m 47.78 15.03
EV/EBITDA 13.32 6.12 8.93
EV/Sales 1.07 1.08 1.40
Earnings yield (50.54%) 8.40% 3.12%
Free cash flow yield (5.78%) 2.09% 5.01%

Profitability

Metric ACDC VTOL Oil & Gas Equipment & Services median
Gross margin 21.50% 25.64% 23.27%
Operating margin (15.00%) 10.03% 9.34%
Net margin (22.76%) 6.66% 4.69%
Free cash flow margin (2.71%) 1.69% 5.05%
Return on equity (50.92%) 10.05% 4.92%
Return on assets (15.24%) 4.46% 2.37%
Return on invested capital (9.80%) 6.45% 4.32%

Growth

Metric ACDC VTOL Oil & Gas Equipment & Services median
Revenue growth (TTM) (16.18%) 8.19% 6.08%
EPS growth (last fiscal year) (60.87%) 34.58% —
Revenue growth, 5-year CAGR 28.80% 4.82% 10.60%
Net income growth, 5-year CAGR 0.00% 10.93% 0.00%

Health

Metric ACDC VTOL Oil & Gas Equipment & Services median
Debt to equity 1.68 0.68 0.46
Current ratio 0.84 2.26 2.11
Net debt to EBITDA 5.15 1.47 0.76

Dividend

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

Size

Metric ACDC VTOL Oil & Gas Equipment & Services median
Market cap 826.84m 1.25b 1.81b

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