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 $1.1B against $493.6M — 2.2× the size. ProFrac Holding Corp. has negative trailing earnings, so its P/E is not meaningful; Bristow Group Inc. trades at 13.4×. Bristow Group Inc. grew revenue faster over the last twelve months: 10.2% against −3.30%. Bristow Group Inc. has the higher net margin (4.98% vs 0.00%) and the higher return on invested capital (6.01% vs −9.29%). Across the 19 metrics below, Bristow Group Inc. leads on 13 and ProFrac Holding Corp. on 6.

Valuation

Metric ACDC VTOL Oil & Gas Equipment & Services median
P/E n/m 13.44 20.53
P/S 0.26 0.67 1.08
P/B 0.79 0.99 1.64
Price to free cash flow n/m n/m 12.36
EV/EBITDA 10.75 5.74 8.00
EV/Sales 0.81 0.98 1.29
Earnings yield (79.85%) 7.44% 3.88%
Free cash flow yield (0.40%) (3.64%) 5.18%

Profitability

Metric ACDC VTOL Oil & Gas Equipment & Services median
Gross margin 21.82% 26.20% 22.88%
Operating margin (11.80%) 9.53% 7.44%
Net margin 0.00% 4.98% 4.12%
Free cash flow margin 7.01% (2.44%) 3.10%
Return on equity 0.00% 7.54% 5.46%
Return on assets 0.00% 3.43% 2.63%
Return on invested capital (9.29%) 6.01% 4.26%

Growth

Metric ACDC VTOL Oil & Gas Equipment & Services median
Revenue growth (TTM) (3.30%) 10.15% 4.65%
EPS growth (last fiscal year) (60.87%) 34.58% (13.00%)
Revenue growth, 5-year CAGR 28.80% 3.70% 12.57%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ACDC VTOL Oil & Gas Equipment & Services median
Debt to equity 1.45 0.68 0.44
Current ratio 0.90 1.99 2.04
Net debt to EBITDA 5.15 1.47 1.12

Dividend

Metric ACDC VTOL Oil & Gas Equipment & Services median
Dividend yield — 1.02% 1.49%
Payout ratio — 0.14 0.36

Size

Metric ACDC VTOL Oil & Gas Equipment & Services median
Market cap 493.55m 1.09b 1.44b

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