ProFrac Holding (ACDC) AI Stock Analysis

• Market Cap: $645.93M
• Dividend Yield: N/A
• Average Volume (3M): 1.57M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.72
• Revenue Growth: -4.14%
• EPS Growth: -39.14%
• Country: US
• Employees: 3,077
• Sector: Energy
• Sector Strength: 62
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): -0.58
• Shares Outstanding: 160,280,180
• 10 Day Avg. Volume: 3,924,470
• 30 Day Avg. Volume: 1,569,443
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 4.01
• Enterprise Value/Revenue: 1.21
• Enterprise Value/Gross Profit: 5.21
• Enterprise Value/Ebitda: 7.52
• 1Y Price Target: $5.50
• Price Target Upside: 36.48% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 3

• Rating: 50 Neutral
• Price Target: $4.00 ▼(-0.74% Downside)

ProFrac Holding's overall stock score reflects a challenging financial performance with high leverage and operational inefficiencies. Technical indicators suggest a bearish trend, and valuation metrics are concerning. However, the company shows resilience with positive cash flow growth and proactive financial management through recent corporate events. Strategic advancements and partnerships provide some optimism, but current market headwinds and declining revenues remain significant risks.

ProFrac Holding Business Overview & Revenue Model

Company Description

ProFrac Holding Corp (ACDC) is a leading provider in the oil and gas services sector, primarily focusing on hydraulic fracturing solutions. The company offers a comprehensive suite of fracturing services, including equipment, engineering, and logistics, designed to enhance the extraction of hydrocarbons. With a commitment to efficiency and sustainability, ProFrac aims to deliver cost-effective and environmentally conscious fracturing solutions to its clients.

How the Company Makes Money

ProFrac Holding Corp generates revenue primarily through the provision of hydraulic fracturing services to oil and gas exploration and production companies. The company's key revenue streams include service contracts for fracturing operations, rental of equipment, and sales of related products. ProFrac's earnings are significantly influenced by the level of drilling and completion activity in the oil and gas industry, which is, in turn, affected by commodity prices, regulatory developments, and technological advancements. Strategic partnerships with major oil and gas operators, along with a focus on technology and efficiency, further enhance ProFrac's ability to secure contracts and generate steady revenue.

ProFrac Holding Financial Statement Overview

Summary

ProFrac Holding faces challenges in profitability and leverage, as seen in its income statement and balance sheet. However, the cash flow statement shows some resilience with positive cash flow growth. The company needs to address its operational inefficiencies and high leverage to improve its financial health.

Income Statement

ProFrac Holding's income statement reveals challenges with profitability, as indicated by negative net profit margins and declining revenue growth. The TTM data shows a gross profit margin of 23.31%, but a concerning net profit margin of -13.01%. Revenue has decreased by 3.51% in the TTM period. The EBIT and EBITDA margins are also low, at -4.98% and 3.27% respectively, reflecting operational inefficiencies.

Balance Sheet

The balance sheet shows a high debt-to-equity ratio of 1.30 in the TTM period, indicating significant leverage. The return on equity is negative at -27.48%, suggesting that the company is not generating sufficient returns on its equity. However, the equity ratio is not available, making it difficult to fully assess the company's financial stability.

Cash Flow

The cash flow statement indicates some positive trends, with a significant free cash flow growth rate of 66.36% in the TTM period. The operating cash flow to net income ratio is 0.49, and the free cash flow to net income ratio is 0.41, suggesting that the company is generating cash flow despite net losses. This provides some cushion against financial instability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.13B	2.19B	2.63B	2.43B	768.35M	547.70M
Gross Profit	497.10M	695.80M	486.40M	719.60M	57.54M	-30.00M
EBITDA	344.10M	384.00M	535.30M	741.90M	135.30M	55.97M
Net Income	-272.40M	-219.90M	-97.70M	91.50M	-148.20M	-118.50M
Balance Sheet
Total Assets	2.83B	2.99B	3.07B	2.93B	664.57M	577.28M
Cash, Cash Equivalents and Short-Term Investments	26.00M	14.80M	25.30M	35.10M	5.38M	2.95M
Total Debt	1.23B	1.27B	1.16B	1.04B	301.57M	275.71M
Total Liabilities	1.81B	1.91B	1.74B	1.58B	516.46M	400.46M
Stockholders Equity	941.60M	1.01B	1.27B	-1.18B	147.07M	176.81M
Cash Flow
Free Cash Flow	128.10M	112.30M	286.50M	59.00M	-43.46M	-2.90M
Operating Cash Flow	313.80M	367.30M	553.50M	415.20M	43.94M	45.10M
Investing Cash Flow	-185.40M	-372.30M	-715.80M	-1.03B	-78.38M	-44.60M
Financing Cash Flow	-126.40M	-5.50M	149.70M	645.90M	36.87M	-15.30M

ProFrac Holding Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4.03
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 4.03 is below the 20-day moving average (MA) of 5.19, below the 50-day MA of 6.97, and below the 200-day MA of 7.08, indicating a bearish trend. The MACD of -0.96 indicates Positive momentum. The RSI at 31.16 is Neutral, neither overbought nor oversold. The STOCH value of 58.37 is Neutral, 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
VTOL	80 Outperform	$1.09B	9.50	13.00%	―	5.30%	279.53%
Sector *	65 Neutral	$15.25B	7.27	3.02%	5.36%	4.27%	-62.52%
MRC	64 Neutral	$1.28B	41.18	5.66%	―	-9.81%	-124.43%
WTTR	59 Neutral	$1.01B	26.23	4.18%	3.37%	-2.46%	-44.11%
ACDC	50 Neutral	$645.93M	―	-25.45%	―	-4.14%	-39.14%
PUMP	48 Neutral	$504.24M	―	-16.86%	―	-10.91%	-580.59%
NINE	41 Neutral	$25.40M	―	73.91%	―	3.23%	31.76%

ProFrac Holding Corporate Events

ProFrac Holding Raises $72.8 Million in Stock Sale

On August 12, 2025, ProFrac Holding Corp. entered into an underwriting agreement with J.P. Morgan Securities LLC and Piper Sandler & Co. to sell 18,750,000 shares of its Class A common stock, with an option for an additional 2,812,500 shares. The sale, which closed on August 14, 2025, raised approximately $72.8 million in net proceeds, enhancing ProFrac’s financial position and potentially impacting its market operations and stakeholder interests.

ProFrac Holding Amends Loan Agreement and Issues Notes

On June 26, 2025, ProFrac Holding Corp. announced amendments to its Alpine Term Loan Credit Agreement, including a reduction in quarterly amortization payments and a deferral of the Total Net Leverage Ratio test to 2027. Additionally, ProFrac issued $60 million in Senior Secured Floating Rate Notes due 2029, with the first issuance purchased by Wilks Brothers, LLC. These strategic actions are expected to enhance liquidity by approximately $90 million in 2025, reflecting ProFrac’s proactive financial management amid market uncertainties.

ProFrac Holding Stockholders Approve Key Proposals at Meeting

ProFrac Holding Corp. held its annual meeting of stockholders on May 28, 2025, where four key proposals were considered. The election of six directors was approved, with all nominees successfully elected. Additionally, the stockholders approved the compensation of the company’s executive officers, ratified the appointment of Grant Thornton LLP as the independent accountants for the fiscal year 2025, and endorsed the 2025 Employee Stock Purchase Plan.