ProFrac Holding (ACDC) AI Stock Analysis

• Market Cap: $683.69M
• Dividend Yield: N/A
• Average Volume (3M): 1.51M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.11
• Revenue Growth: -11.92%
• EPS Growth: -53.72%
• Country: US
• Employees: 3,077
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): -0.55
• Shares Outstanding: 180,871,190
• 10 Day Avg. Volume: 1,376,700
• 30 Day Avg. Volume: 1,505,996
• PEG Ratio: -0.08
• Price to Book (P/B): 1.23
• Price to Sales (P/S): 0.57
• P/FCF Ratio: 11.06
• Enterprise Value/Market Cap: 3.78
• Enterprise Value/Revenue: 1.32
• Enterprise Value/Gross Profit: 33.52
• Enterprise Value/Ebitda: 9.93
• 1Y Price Target: $3.50
• Price Target Upside: -7.41% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 4
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: $3.50 ▼(-7.41% Downside)

ProFrac Holding's overall stock score reflects significant financial challenges, including declining revenues and high leverage, which are the most impactful factors. Technical indicators suggest bearish momentum, and valuation metrics are weak due to ongoing losses. While recent corporate events provide some financial flexibility, and earnings call initiatives show potential for future improvement, these are outweighed by current financial and operational difficulties.

Positive Factors

Cost Savings Initiatives

The planned cost savings initiatives will enhance operational efficiency and improve profitability, positioning ProFrac for long-term financial stability.

Technological Advancements

Technological advancements like ProPilot 2.0 enhance operational efficiency, providing a competitive edge and supporting sustainable growth.

Debt Terms Amendment

Amending debt terms improves financial flexibility, reducing immediate cash flow pressures and supporting long-term financial health.

Negative Factors

Declining Revenue

Declining revenue indicates market challenges and potential loss of market share, impacting long-term growth prospects.

High Leverage

High leverage increases financial risk, potentially limiting future investment opportunities and affecting financial stability.

Free Cash Flow Challenges

Negative free cash flow highlights cash generation issues, which can hinder the company's ability to invest in growth and manage debt.

ProFrac Holding Business Overview & Revenue Model

Company Description

ProFrac Holding Corp., a vertically integrated and energy services company, provides hydraulic fracturing, completion, and other products and services to upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. It operates through three segments: Stimulation Services, Manufacturing, and Proppant Production. The company also manufactures and sells high horsepower pumps, valves, piping, swivels, large-bore manifold systems, seats, and fluid ends. ProFrac Holding Corp. was founded in 2016 and is headquartered in Willow Park, Texas.

How the Company Makes Money

ProFrac generates revenue primarily through its hydraulic fracturing services, which include pressure pumping and related services to exploration and production companies in the oil and gas sector. The company's revenue model is significantly driven by the volume of fracturing services provided on a contract basis, often involving long-term agreements with major oil and gas operators. Key revenue streams include service fees from hydraulic fracturing projects, equipment rentals, and the sale of proprietary technology and additives used in the fracturing process. Additionally, strategic partnerships with oil and gas companies enhance ProFrac's market reach and operational efficiency, contributing to stable earnings. The company also benefits from the increasing demand for energy, particularly from unconventional resources, which drives growth in its service offerings.

ProFrac Holding Financial Statement Overview

Summary

ProFrac Holding faces significant financial challenges, with declining revenues, high leverage, and negative profitability. While there are some operational efficiencies, as indicated by the positive EBITDA margin, the overall financial health is concerning due to high debt levels and cash flow constraints. Strategic improvements in revenue generation and cost management are essential for financial recovery.

Income Statement

ProFrac Holding's income statement reveals a challenging environment with declining revenue and profitability. The TTM data shows a negative revenue growth rate of -8.08% and a net profit margin of -16.87%, indicating significant losses. Gross profit margin has also decreased over time, reflecting pressure on cost management. However, EBITDA margin remains positive at 11.34%, suggesting some operational efficiency.

Balance Sheet

The balance sheet shows a high debt-to-equity ratio of 1.40, indicating significant leverage. Stockholders' equity has decreased, and return on equity is negative, reflecting ongoing losses. The equity ratio is relatively stable, but the high debt levels pose a risk to financial stability.

Cash Flow

Cash flow analysis indicates a decline in free cash flow growth by -75.49% in the TTM period, highlighting cash generation challenges. The operating cash flow to net income ratio is 0.37, suggesting that cash flow from operations is not sufficient to cover net losses. The free cash flow to net income ratio is positive, but low, at 0.26.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.96B	2.19B	2.63B	2.43B	768.40M	547.70M
Gross Profit	77.20M	253.60M	451.50M	701.50M	57.60M	-30.00M
EBITDA	260.70M	384.00M	535.30M	678.60M	122.80M	56.00M
Net Income	-329.30M	-215.10M	-97.70M	91.50M	0.00	-2.20M
Balance Sheet
Total Assets	2.74B	2.99B	3.07B	2.93B	664.60M	577.28M
Cash, Cash Equivalents and Short-Term Investments	58.00M	14.80M	25.30M	35.10M	5.40M	2.95M
Total Debt	1.21B	1.27B	1.16B	1.04B	301.60M	275.71M
Total Liabilities	1.79B	1.91B	1.74B	1.58B	516.50M	400.46M
Stockholders Equity	862.00M	1.01B	1.27B	-1.18B	147.10M	176.81M
Cash Flow
Free Cash Flow	20.00M	112.30M	286.50M	59.00M	-43.50M	-2.90M
Operating Cash Flow	216.50M	367.30M	553.50M	415.20M	43.90M	45.10M
Investing Cash Flow	-148.50M	-372.30M	-715.80M	-1.03B	-78.40M	-44.60M
Financing Cash Flow	-35.50M	-5.50M	149.70M	645.90M	36.90M	-15.30M

ProFrac Holding Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.78
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ACDC, the sentiment is Negative. The current price of 3.78 is below the 20-day moving average (MA) of 4.01, below the 50-day MA of 4.12, and below the 200-day MA of 5.54, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 43.12 is Neutral, neither overbought nor oversold. The STOCH value of 10.42 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ACDC.

ProFrac Holding Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TTI	77 Outperform	$1.25B	10.16	53.71%	―	0.17%	7307.20%
FTK	76 Outperform	$541.34M	19.67	29.09%	―	23.56%	242.78%
CLB	72 Outperform	$769.69M	23.93	12.31%	0.24%	-1.02%	6.34%
RES	68 Neutral	$1.20B	24.81	4.31%	2.94%	4.20%	-59.96%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
PUMP	61 Neutral	$972.23M	-55.78	-2.05%	―	-11.65%	87.57%
ACDC	45 Neutral	$683.69M	-1.83	-31.46%	―	-11.92%	-53.72%

ProFrac Holding Corporate Events

ProFrac Holding Amends Debt Terms to Boost Flexibility

On December 19, 2025, ProFrac Holding’s affiliates amended their Alpine Term Loan Credit Agreement, reducing required quarterly amortization payments for PF Proppant Holding, LLC from $15 million to $7.5 million for the quarters ending March 31 and June 30, 2026, and deferring total net leverage ratio testing by one year to March 31, 2028, moves that ease near-term debt service and covenant pressure and provide additional financial flexibility. Separately, as part of a previously disclosed $60 million Senior Secured Floating Rate Notes due 2029 issuance, an aggregate $40 million of these notes was purchased on December 15, 2025 by Wilks Brothers, LLC and Beal Bank USA in a private placement, with the proceeds earmarked for capital expenditures and general corporate purposes and the new securities forming a single secured series with ProFrac’s existing notes, further bolstering the company’s liquidity and reinforcing support from key affiliated and institutional lenders.