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 $750.4M — 1.5× the size. ProFrac Holding Corp. has negative trailing earnings, so its P/E is not meaningful; Bristow Group Inc. trades at 10.9×. 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 19 metrics below, Bristow Group Inc. leads on 16 and ProFrac Holding Corp. on 3.

Valuation

Metric ACDC VTOL Oil & Gas Equipment & Services median
P/E n/m 10.86 22.50
P/S 0.41 0.74 1.17
P/B 1.14 1.06 1.82
Price to free cash flow n/m 43.60 13.72
EV/EBITDA 12.58 5.72 8.68
EV/Sales 1.01 1.01 1.34
Earnings yield (57.82%) 9.21% 3.94%
Free cash flow yield (6.61%) 2.29% 5.66%

Profitability

Metric ACDC VTOL Oil & Gas Equipment & Services median
Gross margin 21.50% 25.64% 23.26%
Operating margin (15.00%) 10.03% 9.34%
Net margin (22.76%) 6.66% 4.69%
Free cash flow margin (2.71%) 1.69% 5.35%
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% (13.00%)
Revenue growth, 5-year CAGR 28.80% 3.70% 14.44%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ACDC VTOL Oil & Gas Equipment & Services median
Debt to equity 1.68 0.68 0.46
Current ratio 0.84 2.26 2.07
Net debt to EBITDA 5.15 1.47 0.75

Dividend

Metric ACDC VTOL Oil & Gas Equipment & Services median
Dividend yield — 0.96% 1.51%
Payout ratio — 0.11 0.38

Size

Metric ACDC VTOL Oil & Gas Equipment & Services median
Market cap 750.35m 1.12b 1.63b

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