ProFrac (ACDC) Financials

$4.90 +0.38 (+8.41%)

Closing price 04/17/2025 04:00 PM Eastern

Extended Trading

$4.90 0.00 (0.00%)

As of 04/17/2025 05:53 PM Eastern

Annual Income Statements for ProFrac

This table shows ProFrac's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	92	-98	-215
Consolidated Net Income / (Loss)	343	-59	-208
Net Income / (Loss) Continuing Operations	343	-59	-208
Total Pre-Tax Income	352	-58	-215
Total Operating Income	412	167	-60
Total Gross Profit	969	890	696
Total Revenue	2,426	2,630	2,191
Operating Revenue	2,426	2,630	2,191
Total Cost of Revenue	1,457	1,740	1,495
Operating Cost of Revenue	1,457	1,740	1,495
Total Operating Expenses	556	723	756
Selling, General & Admin Expense	225	234	205
Depreciation Expense	267	438	442
Other Operating Expenses / (Income)	15	30	27
Impairment Charge	0.00	0.00	75
Restructuring Charge	49	22	7.80
Total Other Income / (Expense), net	-61	-225	-154
Interest Expense	77	188	157
Other Income / (Expense), net	17	-36	3.00
Income Tax Expense	9.10	1.20	-7.00
Net Income / (Loss) Attributable to Noncontrolling Interest	178	39	7.30
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	74	0.00	0.00
Basic Earnings per Share	$2.06	($0.82)	($1.38)
Weighted Average Basic Shares Outstanding	44.30M	130.90M	159.90M
Diluted Earnings per Share	$2.06	($0.82)	($1.38)
Weighted Average Diluted Shares Outstanding	44.50M	130.90M	159.90M
Weighted Average Basic & Diluted Shares Outstanding	158.90M	159.59M	160.18M

This table shows ProFrac's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	44	41	22	-2.90	-19	-98	1.80	-67	-45	-105
Consolidated Net Income / (Loss)	139	116	60	-4.60	-18	-97	3.00	-66	-44	-102
Net Income / (Loss) Continuing Operations	139	116	60	-4.60	-18	-97	3.00	-66	-44	-102
Total Pre-Tax Income	147	113	67	5.00	-25	-105	3.30	-89	-45	-84
Total Operating Income	165	125	107	54	21	-14	40	-49	-4.30	-47
Total Gross Profit	305	305	312	235	197	146	208	186	185	117
Total Revenue	697	794	858	709	574	489	582	579	575	455
Operating Revenue	697	794	858	709	574	489	582	579	575	455
Total Cost of Revenue	392	489	546	475	377	343	374	393	391	338
Operating Cost of Revenue	392	489	546	475	377	343	374	393	391	338
Total Operating Expenses	140	180	205	181	177	161	168	236	189	164
Selling, General & Admin Expense	65	56	78	64	53	40	51	54	52	48
Depreciation Expense	69	89	110	109	112	108	113	103	113	113
Other Operating Expenses / (Income)	0.60	8.70	4.40	3.30	10	12	4.30	7.40	16	-0.10
Restructuring Charge	5.80	26	12	5.20	2.60	1.70	0.20	2.90	2.00	2.70
Total Other Income / (Expense), net	-18	-13	-40	-49	-45	-91	-37	-40	-41	-37
Interest Expense	17	21	31	41	40	76	38	40	41	39
Other Income / (Expense), net	-1.00	8.30	-9.40	-7.70	-4.90	-14	1.80	-0.50	-0.10	1.80
Income Tax Expense	7.90	-3.30	6.70	9.60	-6.70	-8.40	0.30	-24	-1.50	18
Net Income / (Loss) Attributable to Noncontrolling Interest	95	75	38	-1.70	1.00	1.40	1.20	1.10	1.70	3.30
Basic Earnings per Share	$1.07	$0.83	$0.40	($0.02)	($0.17)	($1.03)	$0.00	($0.42)	($0.29)	($0.67)
Weighted Average Basic Shares Outstanding	41.20M	44.30M	54.50M	148.80M	159.40M	130.90M	159.50M	160M	160.10M	159.90M
Diluted Earnings per Share	$1.07	$0.83	$0.40	($0.02)	($0.17)	($1.03)	$0.00	($0.42)	($0.29)	($0.67)
Weighted Average Diluted Shares Outstanding	41.30M	44.50M	54.90M	148.80M	159.40M	130.90M	159.80M	160M	160.10M	159.90M
Weighted Average Basic & Diluted Shares Outstanding	155.09M	158.90M	159.00M	159.39M	159.39M	159.59M	159.94M	160.15M	160.15M	160.18M

This table details how cash moves in and out of ProFrac's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	33	-13	-11
Net Cash From Operating Activities	415	554	367
Net Cash From Continuing Operating Activities	415	554	367
Net Income / (Loss) Continuing Operations	343	-59	-208
Consolidated Net Income / (Loss)	343	-59	-208
Depreciation Expense	267	438	442
Amortization Expense	0.10	-33	-32
Non-Cash Adjustments To Reconcile Net Income	66	77	87
Changes in Operating Assets and Liabilities, net	-261	130	78
Net Cash From Investing Activities	-1,029	-716	-372
Net Cash From Continuing Investing Activities	-1,029	-716	-372
Purchase of Property, Plant & Equipment	-356	-267	-255
Acquisitions	-641	-455	-194
Purchase of Investments	-57	0.00	0.00
Sale of Property, Plant & Equipment	48	6.20	73
Other Investing Activities, net	-23	-0.50	4.20
Net Cash From Financing Activities	646	150	-5.50
Net Cash From Continuing Financing Activities	646	150	-5.50
Repayment of Debt	-975	-2,694	-2,079
Repurchase of Common Equity	-27	-1.10	0.00
Issuance of Debt	1,387	2,796	2,075
Issuance of Preferred Equity	0.00	50	0.00
Issuance of Common Equity	329	0.00	0.00
Other Financing Activities, net	-68	-0.80	-1.50
Cash Interest Paid	35	139	138
Cash Income Taxes Paid	4.80	0.30	3.00

This table details how cash moves in and out of ProFrac's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-9.10	-29	35	-45	-2.00	-0.50	3.00	-4.30	1.50	-11
Net Cash From Operating Activities	172	159	234	154	124	43	79	114	98	77
Net Cash From Continuing Operating Activities	172	159	234	154	124	43	79	114	98	77
Net Income / (Loss) Continuing Operations	139	116	60	-4.60	-18	-97	3.00	-66	-44	-102
Consolidated Net Income / (Loss)	139	116	60	-4.60	-18	-97	3.00	-66	-44	-102
Depreciation Expense	69	89	110	109	112	108	113	103	113	113
Amortization Expense	2.00	-4.60	-2.00	-9.70	-11	-11	-13	-6.50	-8.10	-4.10
Non-Cash Adjustments To Reconcile Net Income	14	7.80	17	15	8.20	37	0.30	69	17	1.00
Changes in Operating Assets and Liabilities, net	-52	-50	48	44	32	5.60	-24	14	20	68
Net Cash From Investing Activities	-242	-399	-526	-111	-51	-28	-53	-232	-67	-21
Net Cash From Continuing Investing Activities	-242	-399	-526	-111	-51	-28	-53	-232	-67	-21
Purchase of Property, Plant & Equipment	-123	-117	-83	-98	-53	-33	-60	-62	-70	-63
Sale of Property, Plant & Equipment	0.50	1.70	1.00	0.40	1.60	3.20	6.60	22	2.90	41
Other Investing Activities, net	-21	2.00	-	-	-	-0.50	-	-	0.10	1.70
Net Cash From Financing Activities	60	211	327	-88	-75	-15	-23	114	-30	-67
Net Cash From Continuing Financing Activities	60	211	327	-88	-75	-15	-23	114	-30	-67
Repayment of Debt	-228	-103	-400	-545	-493	-1,256	-524	-539	-591	-425
Issuance of Debt	288	314	727	458	370	1,241	501	654	562	358

This table presents ProFrac's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	2,934	3,071	2,988
Total Current Assets	865	638	574
Cash & Equivalents	35	25	15
Accounts Receivable	538	353	329
Inventories, net	250	237	201
Prepaid Expenses	43	23	29
Plant, Property, & Equipment, net	1,396	1,779	1,761
Total Noncurrent Assets	672	654	653
Long-Term Investments	59	29	7.50
Goodwill	241	326	302
Intangible Assets	203	174	149
Noncurrent Deferred & Refundable Income Taxes	0.40	0.30	0.00
Other Noncurrent Operating Assets	169	125	194
Total Liabilities & Shareholders' Equity	2,934	3,071	2,988
Total Liabilities	1,583	1,742	1,849
Total Current Liabilities	684	649	660
Short-Term Debt	128	126	165
Accounts Payable	363	341	342
Accrued Expenses	104	66	67
Other Current Liabilities	89	116	86
Total Noncurrent Liabilities	899	1,093	1,189
Long-Term Debt	798	942	944
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	0.00	15
Other Noncurrent Operating Liabilities	101	151	229
Commitments & Contingencies	0.00	0.00	0.00
Redeemable Noncontrolling Interest	2,463	59	64
Total Equity & Noncontrolling Interests	-1,112	1,270	1,076
Total Preferred & Common Equity	-1,184	1,211	1,007
Preferred Stock	0.00	0.00	0.00
Total Common Equity	-1,184	1,211	1,007
Common Stock	1.50	1,227	1,243
Retained Earnings	-1,186	-16	-236
Accumulated Other Comprehensive Income / (Loss)	0.00	0.30	0.10
Noncontrolling Interest	72	59	69

This table presents ProFrac's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	1,979	3,640	3,451	3,222	3,007	3,164	3,136
Total Current Assets	836	994	829	679	665	704	680
Cash & Equivalents	65	70	27	25	28	24	26
Accounts Receivable	506	598	466	339	394	390	371
Inventories, net	239	283	305	272	220	259	239
Prepaid Expenses	25	43	31	43	23	31	45
Plant, Property, & Equipment, net	821	1,910	1,912	1,845	1,690	1,867	1,825
Total Noncurrent Assets	322	737	710	698	653	593	631
Long-Term Investments	57	53	48	43	30	7.50	7.50
Goodwill	98	328	321	323	342	301	302
Intangible Assets	35	200	191	182	165	160	158
Noncurrent Deferred & Refundable Income Taxes	2.03	0.40	0.00	0.00	0.10	0.10	0.10
Other Noncurrent Operating Assets	131	156	149	150	115	124	163
Total Liabilities & Shareholders' Equity	1,979	3,640	3,451	3,222	3,007	3,164	3,136
Total Liabilities	1,120	2,185	2,125	1,860	1,673	1,891	1,906
Total Current Liabilities	545	935	838	704	624	700	715
Short-Term Debt	61	139	114	123	136	174	172
Accounts Payable	244	555	459	359	298	351	379
Accrued Expenses	194	130	125	113	89	94	76
Other Current Liabilities	46	110	140	109	100	80	88
Total Noncurrent Liabilities	575	1,250	1,287	1,157	1,050	1,192	1,192
Long-Term Debt	484	1,048	1,020	934	912	1,025	1,001
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	78	79	0.00	0.00	0.00
Other Noncurrent Operating Liabilities	91	141	155	143	138	167	191
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	1,644	1,255	0.00	58	60	61	62
Total Equity & Noncontrolling Interests	-785	201	1,326	1,304	1,274	1,211	1,167
Total Preferred & Common Equity	1.42	120	1,279	1,250	1,214	1,147	1,102
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1.42	120	1,279	1,250	1,214	1,147	1,102
Common Stock	-867	6.30	1,168	1,173	1,229	1,230	1,231
Retained Earnings	868	114	111	78	-15	-83	-130
Accumulated Other Comprehensive Income / (Loss)	-0.01	-0.10	-0.20	-0.20	0.30	0.20	0.30
Noncontrolling Interest	82	81	47	54	60	64	66

This table displays calculated financial ratios and metrics derived from ProFrac's official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	215.67%	8.43%	-16.70%
EBITDA Growth	454.82%	-23.08%	-34.13%
EBIT Growth	2,564.94%	-69.60%	-144.02%
NOPAT Growth	3,288.35%	-70.97%	-136.25%
Net Income Growth	887.82%	-117.27%	-251.01%
EPS Growth	0.00%	-139.81%	-68.29%
Operating Cash Flow Growth	845.79%	33.31%	-33.64%
Free Cash Flow Firm Growth	-196.13%	96.73%	269.37%
Invested Capital Growth	395.89%	7.35%	-4.98%
Revenue Q/Q Growth	29.05%	-10.39%	-1.55%
EBITDA Q/Q Growth	31.08%	-21.87%	-1.12%
EBIT Q/Q Growth	37.05%	-55.40%	-40.34%
NOPAT Q/Q Growth	41.49%	-60.34%	-116.49%
Net Income Q/Q Growth	47.80%	-138.62%	-2.57%
EPS Q/Q Growth	0.00%	-178.85%	20.69%
Operating Cash Flow Q/Q Growth	57.98%	-17.31%	10.13%
Free Cash Flow Firm Q/Q Growth	0.00%	94.33%	294.40%
Invested Capital Q/Q Growth	70.15%	-0.34%	-6.05%
Profitability Metrics	-	-	-
Gross Margin	39.94%	33.84%	31.76%
EBITDA Margin	28.71%	20.37%	16.10%
Operating Margin	17.00%	6.33%	-2.76%
EBIT Margin	17.68%	4.96%	-2.62%
Profit (Net Income) Margin	14.13%	-2.25%	-9.48%
Tax Burden Percent	97.41%	102.07%	96.74%
Interest Burden Percent	82.02%	-44.48%	374.22%
Effective Tax Rate	2.59%	0.00%	0.00%
Return on Invested Capital (ROIC)	30.64%	5.15%	-1.85%
ROIC Less NNEP Spread (ROIC-NNEP)	20.13%	-13.89%	-17.61%
Return on Net Nonoperating Assets (RNNOA)	15.09%	-9.57%	-14.99%
Return on Equity (ROE)	45.73%	-4.42%	-16.84%
Cash Return on Invested Capital (CROIC)	-102.24%	-1.94%	3.25%
Operating Return on Assets (OROA)	23.84%	4.34%	-1.89%
Return on Assets (ROA)	19.05%	-1.97%	-6.86%
Return on Common Equity (ROCE)	-31.66%	-0.04%	-15.13%
Return on Equity Simple (ROE_SIMPLE)	-28.93%	-4.89%	-20.64%
Net Operating Profit after Tax (NOPAT)	402	117	-42
NOPAT Margin	16.56%	4.43%	-1.93%
Net Nonoperating Expense Percent (NNEP)	10.51%	19.05%	15.76%
Return On Investment Capital (ROIC_SIMPLE)	-215.06%	4.99%	-1.93%
Cost of Revenue to Revenue	60.06%	66.16%	68.24%
SG&A Expenses to Revenue	9.28%	8.88%	9.34%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	22.94%	27.50%	34.52%
Earnings before Interest and Taxes (EBIT)	429	130	-57
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	696	536	353
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.00	1.12	1.23
Price to Tangible Book Value (P/TBV)	0.00	1.90	2.24
Price to Revenue (P/Rev)	1.61	0.51	0.57
Price to Earnings (P/E)	42.71	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	2.34%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.33	1.06	1.11
Enterprise Value to Revenue (EV/Rev)	3.00	0.94	1.12
Enterprise Value to EBITDA (EV/EBITDA)	10.45	4.64	6.98
Enterprise Value to EBIT (EV/EBIT)	16.96	19.04	0.00
Enterprise Value to NOPAT (EV/NOPAT)	18.11	21.29	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	17.52	4.49	6.70
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	33.13
Leverage & Solvency	-	-	-
Debt to Equity	0.69	0.80	0.97
Long-Term Debt to Equity	0.59	0.71	0.83
Financial Leverage	0.75	0.69	0.85
Leverage Ratio	2.40	2.24	2.45
Compound Leverage Factor	1.97	-1.00	9.19
Debt to Total Capital	40.66%	44.57%	49.32%
Short-Term Debt to Total Capital	5.61%	5.27%	7.32%
Long-Term Debt to Total Capital	35.05%	39.30%	42.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	111.38%	4.90%	5.90%
Common Equity to Total Capital	-52.04%	50.53%	44.78%
Debt to EBITDA	1.33	2.00	3.14
Net Debt to EBITDA	1.19	1.89	3.08
Long-Term Debt to EBITDA	1.15	1.76	2.68
Debt to NOPAT	2.30	9.16	-26.23
Net Debt to NOPAT	2.07	8.70	-25.70
Long-Term Debt to NOPAT	1.99	8.08	-22.34
Altman Z-Score	2.30	1.45	0.93
Noncontrolling Interest Sharing Ratio	169.22%	99.00%	10.13%
Liquidity Ratios	-	-	-
Current Ratio	1.27	0.98	0.87
Quick Ratio	0.84	0.58	0.52
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-1,341	-44	74
Operating Cash Flow to CapEx	134.85%	212.23%	201.70%
Free Cash Flow to Firm to Interest Expense	-17.39	-0.23	0.47
Operating Cash Flow to Interest Expense	5.39	2.94	2.33
Operating Cash Flow Less CapEx to Interest Expense	1.39	1.55	1.18
Efficiency Ratios	-	-	-
Asset Turnover	1.35	0.88	0.72
Accounts Receivable Turnover	6.89	5.91	6.43
Inventory Turnover	9.01	7.16	6.83
Fixed Asset Turnover	2.76	1.66	1.24
Accounts Payable Turnover	5.59	4.94	4.38
Days Sales Outstanding (DSO)	52.95	61.79	56.79
Days Inventory Outstanding (DIO)	40.53	50.98	53.43
Days Payable Outstanding (DPO)	65.32	73.87	83.41
Cash Conversion Cycle (CCC)	28.15	38.91	26.81
Capital & Investment Metrics	-	-	-
Invested Capital	2,182	2,343	2,226
Invested Capital Turnover	1.85	1.16	0.96
Increase / (Decrease) in Invested Capital	1,742	161	-117
Enterprise Value (EV)	7,275	2,483	2,462
Market Capitalization	3,908	1,352	1,243
Book Value per Share	($7.64)	$7.60	$6.29
Tangible Book Value per Share	($10.50)	$4.47	$3.47
Total Capital	2,276	2,397	2,249
Total Debt	925	1,069	1,109
Total Long-Term Debt	798	942	944
Net Debt	832	1,014	1,087
Capital Expenditures (CapEx)	308	261	182
Debt-free, Cash-free Net Working Capital (DFCFNWC)	274	90	64
Debt-free Net Working Capital (DFNWC)	309	116	79
Net Working Capital (NWC)	182	-11	-86
Net Nonoperating Expense (NNE)	59	176	166
Net Nonoperating Obligations (NNO)	832	1,014	1,087
Total Depreciation and Amortization (D&A)	267	405	410
Debt-free, Cash-free Net Working Capital to Revenue	11.30%	3.43%	2.92%
Debt-free Net Working Capital to Revenue	12.74%	4.40%	3.59%
Net Working Capital to Revenue	7.48%	-0.41%	-3.92%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.00	($0.82)	($1.38)
Adjusted Weighted Average Basic Shares Outstanding	0.00	130.90M	159.90M
Adjusted Diluted Earnings per Share	$0.00	($0.82)	($1.38)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	130.90M	159.90M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	159.59M	160.18M
Normalized Net Operating Profit after Tax (NOPAT)	449	132	15
Normalized NOPAT Margin	18.52%	5.01%	0.70%
Pre Tax Income Margin	14.50%	-2.21%	-9.80%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	5.56	0.69	-0.36
NOPAT to Interest Expense	5.21	0.62	-0.27
EBIT Less CapEx to Interest Expense	1.57	-0.69	-1.52
NOPAT Less CapEx to Interest Expense	1.22	-0.77	-1.43
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	8.00%	-1.86%	0.00%

This table displays calculated financial ratios and metrics derived from ProFrac's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	255.58%	220.12%	148.55%	20.24%	-17.58%	-38.41%	-32.19%	-18.30%	0.19%	-7.03%
EBITDA Growth	816.51%	311.49%	144.18%	-8.79%	-50.34%	-68.73%	-31.32%	-67.49%	-14.07%	-5.87%
EBIT Growth	1,673.13%	660.47%	154.71%	-50.80%	-90.47%	-121.35%	-57.14%	-208.04%	-128.21%	-57.89%
NOPAT Growth	3,319.00%	975.52%	229.43%	-156.50%	-90.79%	-107.77%	-62.20%	30.29%	-120.98%	-227.27%
Net Income Growth	1,089.70%	2,143.71%	199.00%	-106.82%	-112.85%	-183.19%	-94.98%	-1,326.09%	-143.02%	-5.39%
EPS Growth	0.00%	0.00%	0.00%	-112.50%	-115.89%	-224.10%	-100.00%	-2,000.00%	-70.59%	34.95%
Operating Cash Flow Growth	1,477.45%	2,453.95%	434.32%	276.72%	-28.18%	-73.08%	-66.12%	-26.15%	-20.55%	79.16%
Free Cash Flow Firm Growth	0.00%	0.00%	-133.71%	-26.42%	6.45%	89.43%	117.07%	95.93%	97.94%	149.17%
Invested Capital Growth	0.00%	395.89%	237.35%	112.39%	83.30%	7.35%	-9.97%	0.81%	0.80%	-4.98%
Revenue Q/Q Growth	18.12%	13.98%	7.98%	-17.29%	-19.04%	-14.82%	18.89%	-0.36%	-0.71%	-20.96%
EBITDA Q/Q Growth	47.49%	-7.11%	-5.73%	-29.38%	-19.70%	-41.51%	107.04%	-66.57%	112.29%	-35.93%
EBIT Q/Q Growth	75.08%	-18.45%	-27.12%	-52.72%	-66.09%	-282.69%	246.32%	-219.18%	91.15%	-922.73%
NOPAT Q/Q Growth	78.25%	-17.32%	-25.54%	-151.49%	129.05%	-169.76%	462.36%	-194.95%	91.26%	-988.37%
Net Income Q/Q Growth	106.68%	-16.73%	-48.45%	-107.69%	-289.13%	-439.11%	103.11%	-2,286.67%	33.69%	-133.79%
EPS Q/Q Growth	568.75%	-22.43%	-51.81%	-105.00%	-750.00%	-505.88%	100.00%	0.00%	30.95%	-131.03%
Operating Cash Flow Q/Q Growth	321.81%	-7.84%	47.23%	-34.18%	-19.58%	-65.45%	85.25%	43.49%	-13.48%	-22.10%
Free Cash Flow Firm Q/Q Growth	-7.11%	-43.19%	-6.60%	22.67%	20.75%	83.82%	272.23%	-118.44%	59.90%	486.18%
Invested Capital Q/Q Growth	12.56%	70.15%	18.26%	-6.23%	-2.85%	-0.34%	-0.83%	5.00%	-2.87%	-6.05%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	43.73%	38.41%	36.34%	33.08%	34.38%	29.91%	35.74%	32.15%	32.09%	25.75%
EBITDA Margin	33.70%	27.47%	23.98%	20.47%	20.31%	13.94%	24.28%	8.15%	17.42%	14.12%
Operating Margin	23.64%	15.77%	12.44%	7.57%	3.57%	-2.92%	6.86%	-8.49%	-0.75%	-10.29%
EBIT Margin	23.50%	16.81%	11.35%	6.49%	2.72%	-5.83%	7.17%	-8.58%	-0.76%	-9.90%
Profit (Net Income) Margin	19.99%	14.61%	6.97%	-0.65%	-3.12%	-19.73%	0.52%	-11.32%	-7.56%	-22.37%
Tax Burden Percent	94.63%	102.93%	89.92%	-92.00%	72.76%	91.99%	90.91%	73.46%	96.67%	121.36%
Interest Burden Percent	89.92%	84.42%	68.35%	10.87%	-157.69%	368.07%	7.91%	179.68%	1,022.73%	186.22%
Effective Tax Rate	5.37%	-2.93%	10.08%	192.00%	0.00%	0.00%	9.09%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	65.57%	30.02%	19.65%	-11.97%	4.04%	-2.38%	5.99%	-5.44%	-0.49%	-6.91%
ROIC Less NNEP Spread (ROIC-NNEP)	57.74%	27.73%	15.25%	-6.09%	-0.53%	-11.75%	2.84%	-8.20%	-4.30%	-13.47%
Return on Net Nonoperating Assets (RNNOA)	28.45%	20.79%	14.73%	-4.57%	-0.34%	-8.10%	2.15%	-7.13%	-3.53%	-11.47%
Return on Equity (ROE)	94.02%	50.81%	34.38%	-16.54%	3.70%	-10.47%	8.14%	-12.58%	-4.02%	-18.38%
Cash Return on Invested Capital (CROIC)	0.00%	-102.24%	-80.42%	-48.25%	-42.62%	-1.94%	13.35%	-0.90%	-1.62%	3.25%
Operating Return on Assets (OROA)	22.31%	22.67%	13.46%	7.76%	3.07%	-5.10%	5.08%	-5.77%	-0.54%	-7.16%
Return on Assets (ROA)	18.99%	19.69%	8.27%	-0.78%	-3.52%	-17.28%	0.37%	-7.61%	-5.29%	-16.18%
Return on Common Equity (ROCE)	0.16%	-35.17%	7.37%	-21.87%	2.09%	-0.10%	3.89%	-11.74%	-3.65%	-16.51%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	319.02%	24.28%	12.26%	0.00%	-9.56%	-15.43%	-18.39%	0.00%
Net Operating Profit after Tax (NOPAT)	156	129	96	-49	14	-10	36	-34	-3.01	-33
NOPAT Margin	22.37%	16.23%	11.19%	-6.97%	2.50%	-2.05%	6.24%	-5.94%	-0.52%	-7.20%
Net Nonoperating Expense Percent (NNEP)	7.82%	2.29%	4.40%	-5.88%	4.57%	9.37%	3.15%	2.76%	3.80%	6.56%
Return On Investment Capital (ROIC_SIMPLE)	-	-68.99%	-	-	-	-0.43%	-	-	-	-1.50%
Cost of Revenue to Revenue	56.27%	61.59%	63.66%	66.92%	65.62%	70.09%	64.26%	67.85%	67.91%	74.25%
SG&A Expenses to Revenue	9.26%	7.05%	9.08%	8.95%	9.18%	8.08%	8.70%	9.34%	9.02%	10.56%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.09%	22.64%	23.90%	25.51%	30.81%	32.84%	28.87%	40.65%	32.84%	36.05%
Earnings before Interest and Taxes (EBIT)	164	134	97	46	16	-29	42	-50	-4.40	-45
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	235	218	206	145	117	68	141	47	100	64
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1,521.78	0.00	16.82	1.39	1.39	1.12	1.10	1.03	0.99	1.23
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	2.32	2.33	1.90	1.89	1.73	1.70	2.24
Price to Revenue (P/Rev)	1.15	1.61	0.69	0.58	0.59	0.51	0.57	0.53	0.49	0.57
Price to Earnings (P/E)	28.27	42.71	17.74	17.06	42.19	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.54%	2.34%	5.64%	5.86%	2.37%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.36	3.33	1.71	1.19	1.21	1.06	1.05	1.02	0.99	1.11
Enterprise Value to Revenue (EV/Rev)	2.30	3.00	1.50	0.94	0.97	0.94	1.04	1.11	1.06	1.12
Enterprise Value to EBITDA (EV/EBITDA)	8.12	10.45	5.40	3.58	4.14	4.64	5.19	6.64	6.60	6.98
Enterprise Value to EBIT (EV/EBIT)	13.79	16.96	9.04	6.54	9.70	19.04	32.68	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	15.20	18.11	9.38	6.83	9.64	21.29	34.99	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	16.42	17.52	7.29	4.01	4.24	4.49	6.12	6.90	7.06	6.70
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	7.47	0.00	0.00	33.13
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.63	0.69	0.82	0.86	0.78	0.80	0.79	0.94	0.95	0.97
Long-Term Debt to Equity	0.56	0.59	0.72	0.77	0.69	0.71	0.68	0.81	0.81	0.83
Financial Leverage	0.49	0.75	0.97	0.75	0.64	0.69	0.76	0.87	0.82	0.85
Leverage Ratio	2.30	2.40	2.91	2.51	2.34	2.24	2.38	2.55	2.45	2.45
Compound Leverage Factor	2.07	2.03	1.99	0.27	-3.69	8.25	0.19	4.57	25.09	4.57
Debt to Total Capital	38.80%	40.66%	44.92%	46.10%	43.70%	44.57%	44.02%	48.52%	48.83%	49.32%
Short-Term Debt to Total Capital	4.31%	5.61%	5.27%	4.65%	5.08%	5.27%	5.73%	7.06%	7.15%	7.32%
Long-Term Debt to Total Capital	34.49%	35.05%	39.64%	41.45%	38.63%	39.30%	38.29%	41.47%	41.67%	42.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	122.95%	111.38%	50.55%	1.92%	4.62%	4.90%	5.04%	5.06%	5.32%	5.90%
Common Equity to Total Capital	0.10%	-52.04%	4.53%	51.98%	51.68%	50.53%	50.94%	46.41%	45.85%	44.78%
Debt to EBITDA	1.03	1.33	1.45	1.41	1.54	2.00	2.23	3.21	3.29	3.14
Net Debt to EBITDA	0.80	1.19	1.30	1.32	1.44	1.89	2.10	3.13	3.20	3.08
Long-Term Debt to EBITDA	0.91	1.15	1.28	1.27	1.36	1.76	1.94	2.75	2.81	2.68
Debt to NOPAT	1.92	2.30	2.52	2.69	3.60	9.16	15.01	-552.58	-60.07	-26.23
Net Debt to NOPAT	1.49	2.07	2.26	2.51	3.36	8.70	14.17	-538.06	-58.38	-25.70
Long-Term Debt to NOPAT	1.71	1.99	2.23	2.42	3.18	8.08	13.06	-472.21	-51.27	-22.34
Altman Z-Score	3.17	1.97	1.51	1.47	1.51	1.28	1.32	0.99	0.98	0.94
Noncontrolling Interest Sharing Ratio	99.83%	169.22%	78.58%	-32.29%	43.65%	99.00%	52.20%	6.64%	9.25%	10.13%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.53	1.27	1.06	0.99	0.96	0.98	1.07	1.01	0.95	0.87
Quick Ratio	1.05	0.84	0.71	0.59	0.52	0.58	0.68	0.59	0.55	0.52
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,127	-1,613	-1,720	-1,330	-1,054	-171	294	-54	-22	84
Operating Cash Flow to CapEx	140.03%	137.91%	284.06%	157.32%	242.35%	142.81%	148.41%	287.34%	146.35%	344.59%
Free Cash Flow to Firm to Interest Expense	-68.29	-77.57	-55.84	-32.44	-26.22	-2.23	7.65	-1.37	-0.53	2.16
Operating Cash Flow to Interest Expense	10.43	7.63	7.58	3.75	3.07	0.56	2.06	2.87	2.42	1.97
Operating Cash Flow Less CapEx to Interest Expense	2.98	2.10	4.91	1.37	1.81	0.17	0.67	1.87	0.77	1.40
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.95	1.35	1.19	1.20	1.13	0.88	0.71	0.67	0.70	0.72
Accounts Receivable Turnover	3.72	6.89	6.53	6.68	6.95	5.91	4.75	5.19	6.27	6.43
Inventory Turnover	4.81	9.01	8.28	7.58	7.32	7.16	6.10	5.15	5.74	6.83
Fixed Asset Turnover	2.29	2.76	2.32	2.37	2.20	1.66	1.31	1.18	1.21	1.24
Accounts Payable Turnover	4.70	5.59	4.42	5.58	6.20	4.94	3.59	3.58	3.98	4.38
Days Sales Outstanding (DSO)	98.23	52.95	55.89	54.61	52.52	61.79	76.85	70.29	58.21	56.79
Days Inventory Outstanding (DIO)	75.88	40.53	44.08	48.17	49.89	50.98	59.87	70.86	63.63	53.43
Days Payable Outstanding (DPO)	77.68	65.32	82.55	65.41	58.91	73.87	101.61	101.82	91.82	83.41
Cash Conversion Cycle (CCC)	96.44	28.15	17.42	37.37	43.50	38.91	35.11	39.33	30.02	26.81
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,283	2,182	2,581	2,420	2,351	2,343	2,324	2,440	2,370	2,226
Invested Capital Turnover	2.93	1.85	1.76	1.72	1.62	1.16	0.96	0.92	0.94	0.96
Increase / (Decrease) in Invested Capital	1,283	1,742	1,816	1,281	1,068	161	-257	20	19	-117
Enterprise Value (EV)	4,315	7,275	4,413	2,881	2,835	2,483	2,444	2,478	2,355	2,462
Market Capitalization	2,165	3,908	2,013	1,774	1,734	1,352	1,334	1,185	1,087	1,243
Book Value per Share	$0.01	($7.64)	$0.75	$8.04	$7.84	$7.60	$7.60	$7.17	$6.88	$6.29
Tangible Book Value per Share	($0.92)	($10.50)	($2.57)	$4.82	$4.67	$4.47	$4.43	$4.29	$4.01	$3.47
Total Capital	1,404	2,276	2,643	2,460	2,419	2,397	2,382	2,471	2,403	2,249
Total Debt	545	925	1,187	1,134	1,057	1,069	1,049	1,199	1,173	1,109
Total Long-Term Debt	484	798	1,048	1,020	934	942	912	1,025	1,001	944
Net Debt	423	832	1,064	1,059	989	1,014	990	1,168	1,140	1,087
Capital Expenditures (CapEx)	123	115	82	98	51	30	53	40	67	22
Debt-free, Cash-free Net Working Capital (DFCFNWC)	287	274	128	79	73	90	149	154	112	64
Debt-free Net Working Capital (DFNWC)	351	309	198	106	98	116	177	178	137	79
Net Working Capital (NWC)	291	182	59	-8.90	-25	-11	41	4.00	-35	-86
Net Nonoperating Expense (NNE)	17	13	36	-45	32	86	33	31	40	69
Net Nonoperating Obligations (NNO)	423	832	1,125	1,094	989	1,014	990	1,168	1,140	1,087
Total Depreciation and Amortization (D&A)	71	85	108	99	101	97	100	97	105	109
Debt-free, Cash-free Net Working Capital to Revenue	15.26%	11.30%	4.36%	2.57%	2.48%	3.43%	6.33%	6.94%	5.03%	2.92%
Debt-free Net Working Capital to Revenue	18.70%	12.74%	6.74%	3.45%	3.33%	4.40%	7.54%	8.02%	6.17%	3.59%
Net Working Capital to Revenue	15.48%	7.48%	1.99%	-0.29%	-0.85%	-0.41%	1.74%	0.18%	-1.55%	-3.92%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.09	$0.83	$0.40	($0.02)	($0.21)	($1.03)	$0.00	($0.42)	($0.29)	($0.67)
Adjusted Weighted Average Basic Shares Outstanding	41.24M	44.30M	54.50M	148.80M	159.40M	130.90M	159.50M	160M	160.10M	159.90M
Adjusted Diluted Earnings per Share	$1.09	$0.83	$0.40	($0.02)	($0.21)	($1.03)	$0.00	($0.42)	($0.29)	($0.67)
Adjusted Weighted Average Diluted Shares Outstanding	41.35M	44.50M	54.90M	148.80M	159.40M	130.90M	159.80M	160M	160.10M	159.90M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	155.09M	158.90M	159.00M	159.39M	159.39M	159.59M	159.94M	160.15M	160.15M	160.18M
Normalized Net Operating Profit after Tax (NOPAT)	161	106	107	41	16	-8.82	36	15	3.15	-31
Normalized NOPAT Margin	23.16%	13.32%	12.48%	5.81%	2.82%	-1.80%	6.27%	2.59%	0.55%	-6.79%
Pre Tax Income Margin	21.13%	14.19%	7.76%	0.71%	-4.28%	-21.45%	0.57%	-15.41%	-7.82%	-18.43%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.92	6.42	3.16	1.12	0.39	-0.37	1.09	-1.26	-0.11	-1.16
NOPAT to Interest Expense	9.45	6.20	3.12	-1.21	0.36	-0.13	0.94	-0.87	-0.07	-0.84
EBIT Less CapEx to Interest Expense	2.47	0.89	0.49	-1.26	-0.88	-0.76	-0.30	-2.25	-1.76	-1.73
NOPAT Less CapEx to Interest Expense	2.00	0.67	0.45	-3.59	-0.91	-0.52	-0.44	-1.87	-1.73	-1.42
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	11.82%	8.00%	0.00%	0.00%	0.72%	-1.86%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About ProFrac's Financials

When does ProFrac's financial year end?

According to the most recent income statement we have on file, ProFrac's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has ProFrac's net income changed over the last 2 years?

ProFrac's net income appears to be on a downward trend, with a most recent value of -$207.80 million in 2024, falling from $342.70 million in 2022. The previous period was -$59.20 million in 2023.

What is ProFrac's operating income?

ProFrac's total operating income in 2024 was -$60.40 million, based on the following breakdown:

Total Gross Profit: $695.80 million
Total Operating Expenses: $756.20 million

How has ProFrac revenue changed over the last 2 years?

Over the last 2 years, ProFrac's total revenue changed from $2.43 billion in 2022 to $2.19 billion in 2024, a change of -9.7%.

How much debt does ProFrac have?

ProFrac's total liabilities were at $1.85 billion at the end of 2024, a 6.1% increase from 2023, and a 16.8% increase since 2022.

How much cash does ProFrac have?

In the past 2 years, ProFrac's cash and equivalents has ranged from $14.80 million in 2024 to $35.10 million in 2022, and is currently $14.80 million as of their latest financial filing in 2024.

How has ProFrac's book value per share changed over the last 2 years?

Over the last 2 years, ProFrac's book value per share changed from -7.64 in 2022 to 6.29 in 2024, a change of -182.3%.

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This page (NASDAQ:ACDC) was last updated on 4/18/2025 by MarketBeat.com Staff

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ProFrac (ACDC) Financials

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ProFrac (ACDC) Financials

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