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ProFrac (ACDC) Financials

ProFrac logo
$7.93 -0.16 (-1.98%)
Closing price 07/18/2025 04:00 PM Eastern
Extended Trading
$7.80 -0.13 (-1.64%)
As of 07/18/2025 07:22 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for ProFrac

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 2020 2021 2022 2023 2024
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 0.00 0.00 92 -98 -215
Consolidated Net Income / (Loss)		 -119 -44 343 -59 -208
Net Income / (Loss) Continuing Operations		 -119 -44 343 -59 -208
Total Pre-Tax Income 		-118 -44 352 -58 -215
Total Operating Income		 -95 -18 412 167 -60
Total Gross Profit		 121 198 969 890 696
Total Revenue		 548 768 2,426 2,630 2,191
Operating Revenue		 548 768 2,426 2,630 2,191
Total Cost of Revenue		 427 570 1,457 1,740 1,495
Operating Cost of Revenue		 427 570 1,457 1,740 1,495
Total Operating Expenses		 216 216 556 723 756
Selling, General & Admin Expense		 48 64 225 234 205
Depreciation Expense		 151 141 267 438 442
Other Operating Expenses / (Income)		 17 11 15 30 27
Impairment Charge		 - - 0.00 0.00 75
Restructuring Charge		 - 0.00 49 22 7.80
Total Other Income / (Expense), net		 -23 -26 -61 -225 -154
Interest Expense		 23 26 77 188 157
Other Income / (Expense), net		 0.30 0.60 17 -36 3.00
Income Tax Expense		 0.50 -0.20 9.10 1.20 -7.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 -1.10 -1.10 178 39 7.30
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)		 -117 -42 74 0.00 0.00
Basic Earnings per Share		 $0.00 $0.00 $2.06 ($0.82) ($1.38)
Weighted Average Basic Shares Outstanding		 0.00 0.00 44.30M 130.90M 159.90M
Diluted Earnings per Share		 $0.00 $0.00 $2.06 ($0.82) ($1.38)
Weighted Average Diluted Shares Outstanding		 0.00 0.00 44.50M 130.90M 159.90M
Weighted Average Basic & Diluted Shares Outstanding		 - - 158.90M 159.59M 160.18M

Quarterly Income Statements for ProFrac

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 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 44 41 22 -2.90 -19 -98 1.80 -67 -45 -105 -18
Consolidated Net Income / (Loss)		 139 116 60 -4.60 -18 -97 3.00 -66 -44 -102 -15
Net Income / (Loss) Continuing Operations		 139 116 60 -4.60 -18 -97 3.00 -66 -44 -102 -15
Total Pre-Tax Income 		147 113 67 5.00 -25 -105 3.30 -89 -45 -84 -15
Total Operating Income		 165 125 107 54 21 -14 40 -49 -4.30 -47 16
Total Gross Profit		 305 305 312 235 197 146 208 186 185 117 181
Total Revenue		 697 794 858 709 574 489 582 579 575 455 600
Operating Revenue		 697 794 858 709 574 489 582 579 575 455 600
Total Cost of Revenue		 392 489 546 475 377 343 374 393 391 338 419
Operating Cost of Revenue		 392 489 546 475 377 343 374 393 391 338 419
Total Operating Expenses		 140 180 205 181 177 161 168 236 189 164 165
Selling, General & Admin Expense		 65 56 78 64 53 40 51 54 52 48 54
Depreciation Expense		 69 89 110 109 112 108 113 103 113 113 106
Other Operating Expenses / (Income)		 0.60 8.70 4.40 3.30 10 12 4.30 7.40 16 -0.10 5.20
Restructuring Charge		 5.80 26 12 5.20 2.60 1.70 0.20 2.90 2.00 2.70 0.10
Total Other Income / (Expense), net		 -18 -13 -40 -49 -45 -91 -37 -40 -41 -37 -31
Interest Expense		 17 21 31 41 40 76 38 40 41 39 36
Other Income / (Expense), net		 -1.00 8.30 -9.40 -7.70 -4.90 -14 1.80 -0.50 -0.10 1.80 4.80
Income Tax Expense		 7.90 -3.30 6.70 9.60 -6.70 -8.40 0.30 -24 -1.50 18 0.30
Net Income / (Loss) Attributable to Noncontrolling Interest		 95 75 38 -1.70 1.00 1.40 1.20 1.10 1.70 3.30 2.10
Basic Earnings per Share		 $1.07 $0.83 $0.40 ($0.02) ($0.17) ($1.03) $0.00 ($0.42) ($0.29) ($0.67) ($0.12)
Weighted Average Basic Shares Outstanding		 41.20M 44.30M 54.50M 148.80M 159.40M 130.90M 159.50M 160M 160.10M 159.90M 160.20M
Diluted Earnings per Share		 $1.07 $0.83 $0.40 ($0.02) ($0.17) ($1.03) $0.00 ($0.42) ($0.29) ($0.67) ($0.12)
Weighted Average Diluted Shares Outstanding		 41.30M 44.50M 54.90M 148.80M 159.40M 130.90M 159.80M 160M 160.10M 159.90M 160.20M
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 160.18M

Annual Cash Flow Statements for ProFrac

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 2020 2021 2022 2023 2024
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -15 2.40 33 -13 -11
Net Cash From Operating Activities		 45 44 415 554 367
Net Cash From Continuing Operating Activities		 45 44 415 554 367
Net Income / (Loss) Continuing Operations		 -119 -44 343 -59 -208
Consolidated Net Income / (Loss)		 -119 -44 343 -59 -208
Depreciation Expense		 151 141 267 438 442
Amortization Expense		 1.90 2.20 0.10 -33 -32
Non-Cash Adjustments To Reconcile Net Income		 14 9.00 66 77 87
Changes in Operating Assets and Liabilities, net		 -3.00 -65 -261 130 78
Net Cash From Investing Activities		 -45 -78 -1,029 -716 -372
Net Cash From Continuing Investing Activities		 -45 -78 -1,029 -716 -372
Purchase of Property, Plant & Equipment		 -48 -87 -356 -267 -255
Acquisitions		 -1.30 -4.30 -641 -455 -194
Purchase of Investments		 0.00 -4.20 -57 0.00 0.00
Sale of Property, Plant & Equipment		 4.70 18 48 6.20 73
Other Investing Activities, net		 0.00 0.00 -23 -0.50 4.20
Net Cash From Financing Activities		 -15 37 646 150 -5.50
Net Cash From Continuing Financing Activities		 -15 37 646 150 -5.50
Repayment of Debt		 -203 -187 -975 -2,694 -2,079
Repurchase of Common Equity		 0.00 0.00 -27 -1.10 0.00
Issuance of Debt		 188 224 1,387 2,796 2,075
Issuance of Preferred Equity		 - 0.00 0.00 50 0.00
Issuance of Common Equity		 0.00 0.00 329 0.00 0.00
Other Financing Activities, net		 0.00 0.00 -68 -0.80 -1.50
Cash Interest Paid		 21 24 35 139 138
Cash Income Taxes Paid		 0.40 -0.20 4.80 0.30 3.00

Quarterly Cash Flow Statements for ProFrac

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 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 -9.10 -29 35 -45 -2.00 -0.50 3.00 -4.30 1.50 -11 1.20
Net Cash From Operating Activities		 172 159 234 154 124 43 79 114 98 77 39
Net Cash From Continuing Operating Activities		 172 159 234 154 124 43 79 114 98 77 39
Net Income / (Loss) Continuing Operations		 139 116 60 -4.60 -18 -97 3.00 -66 -44 -102 -15
Consolidated Net Income / (Loss)		 139 116 60 -4.60 -18 -97 3.00 -66 -44 -102 -15
Depreciation Expense		 69 89 110 109 112 108 113 103 113 113 106
Amortization Expense		 2.00 -4.60 -2.00 -9.70 -11 -11 -13 -6.50 -8.10 -4.10 -2.70
Non-Cash Adjustments To Reconcile Net Income		 14 7.80 17 15 8.20 37 0.30 69 17 1.00 1.00
Changes in Operating Assets and Liabilities, net		 -52 -50 48 44 32 5.60 -24 14 20 68 -50
Net Cash From Investing Activities		 -242 -399 -526 -111 -51 -28 -53 -232 -67 -21 -52
Net Cash From Continuing Investing Activities		 -242 -399 -526 -111 -51 -28 -53 -232 -67 -21 -52
Purchase of Property, Plant & Equipment		 -123 -117 -83 -98 -53 -33 -60 -62 -70 -63 -53
Sale of Property, Plant & Equipment		 0.50 1.70 1.00 0.40 1.60 3.20 6.60 22 2.90 41 0.20
Other Investing Activities, net		 -21 2.00 - - - -0.50 0.00 - 0.10 1.70 0.60
Net Cash From Financing Activities		 60 211 327 -88 -75 -15 -23 114 -30 -67 14
Net Cash From Continuing Financing Activities		 60 211 327 -88 -75 -15 -23 114 -30 -67 14
Repayment of Debt		 -228 -103 -400 -545 -493 -1,256 -524 -539 -591 -425 -404
Repurchase of Common Equity		 - - - - - - 0.00 - - - -0.30
Issuance of Debt		 288 314 727 458 370 1,241 501 654 562 358 419
Other Financing Activities, net		 - - 0.00 -0.80 - - -0.10 -1.40 - - -1.00

Annual Balance Sheets for ProFrac

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 2021 2022 2023 2024
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 665 2,934 3,071 2,988
Total Current Assets		 252 865 638 574
Cash & Equivalents		 5.40 35 25 15
Accounts Receivable		 166 538 353 329
Inventories, net		 74 250 237 201
Prepaid Expenses		 6.20 43 23 29
Plant, Property, & Equipment, net		 364 1,396 1,779 1,761
Total Noncurrent Assets		 49 672 654 653
Goodwill		 0.00 241 326 302
Intangible Assets		 28 203 174 149
Other Noncurrent Operating Assets		 17 169 125 202
Total Liabilities & Shareholders' Equity		 665 2,934 3,071 2,988
Total Liabilities		 517 1,583 1,742 1,849
Total Current Liabilities		 247 684 649 660
Short-Term Debt		 32 128 126 160
Accounts Payable		 158 363 341 342
Accrued Expenses		 23 104 66 67
Other Current Liabilities		 34 89 116 91
Total Noncurrent Liabilities		 270 899 1,093 1,189
Long-Term Debt		 235 798 942 944
Noncurrent Deferred & Payable Income Tax Liabilities		 - 0.00 0.00 15
Other Noncurrent Operating Liabilities		 0.00 101 151 229
Commitments & Contingencies		 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 0.00 2,463 59 64
Total Equity & Noncontrolling Interests		 148 -1,112 1,270 1,076
Total Preferred & Common Equity		 147 -1,184 1,211 1,007
Preferred Stock		 0.00 0.00 0.00 0.00
Total Common Equity		 147 -1,184 1,211 1,007
Common Stock		 0.00 1.50 1,227 1,243
Retained Earnings		 0.00 -1,186 -16 -236
Accumulated Other Comprehensive Income / (Loss)		 -0.10 0.00 0.30 0.10
Noncontrolling Interest		 1.00 72 59 69

Quarterly Balance Sheets for ProFrac

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 Q2 2022 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Period end date 6/30/2022 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
Total Assets		 1,664 1,979 3,640 3,451 3,222 3,007 3,164 3,136 3,021
Total Current Assets		 736 836 994 829 679 665 704 680 670
Cash & Equivalents		 74 65 70 27 25 28 24 26 16
Accounts Receivable		 449 506 598 466 339 394 390 371 423
Inventories, net		 192 239 283 305 272 220 259 239 200
Prepaid Expenses		 19 25 43 31 43 23 31 45 30
Plant, Property, & Equipment, net		 664 821 1,910 1,912 1,845 1,690 1,867 1,825 1,714
Total Noncurrent Assets		 264 322 737 710 698 653 593 631 637
Goodwill		 82 98 328 321 323 342 301 302 301
Intangible Assets		 28 35 200 191 182 165 160 158 140
Other Noncurrent Operating Assets		 100 131 156 149 150 115 124 163 196
Total Liabilities & Shareholders' Equity		 1,664 1,979 3,640 3,451 3,222 3,007 3,164 3,136 3,021
Total Liabilities		 955 1,120 2,185 2,125 1,860 1,673 1,891 1,906 1,897
Total Current Liabilities		 452 545 935 838 704 624 700 715 685
Short-Term Debt		 51 61 139 114 123 136 174 172 147
Accounts Payable		 216 244 555 459 359 298 351 379 392
Accrued Expenses		 159 194 130 125 113 89 94 76 75
Other Current Liabilities		 25 46 110 140 109 100 80 88 71
Total Noncurrent Liabilities		 503 575 1,250 1,287 1,157 1,050 1,192 1,192 1,212
Long-Term Debt		 428 484 1,048 1,020 934 912 1,025 1,001 975
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - 78 79 0.00 0.00 0.00 15
Other Noncurrent Operating Liabilities		 - 91 141 155 143 138 167 191 223
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 2,025 1,644 1,255 0.00 58 60 61 62 65
Total Equity & Noncontrolling Interests		 -1,317 -785 201 1,326 1,304 1,274 1,211 1,167 1,059
Total Preferred & Common Equity		 -1,409 1.42 120 1,279 1,250 1,214 1,147 1,102 988
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,412 1.42 120 1,279 1,250 1,214 1,147 1,102 988
Common Stock		 1.42 -867 6.30 1,168 1,173 1,229 1,230 1,231 1,243
Retained Earnings		 1,411 868 114 111 78 -15 -83 -130 -255
Accumulated Other Comprehensive Income / (Loss)		 0.04 -0.01 -0.10 -0.20 -0.20 0.30 0.20 0.30 0.20
Noncontrolling Interest		 93 82 81 47 54 60 64 66 71

Annual Metrics And Ratios for ProFrac

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

Metric 2020 2021 2022 2023 2024
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - -
Revenue Growth		 0.00% 40.30% 215.67% 8.43% -16.70%
EBITDA Growth		 0.00% 116.75% 454.82% -23.08% -34.13%
EBIT Growth		 0.00% 81.63% 2,564.94% -69.60% -144.02%
NOPAT Growth		 0.00% 81.05% 3,288.35% -70.97% -136.25%
Net Income Growth		 0.00% 63.29% 887.82% -117.27% -251.01%
EPS Growth		 0.00% 0.00% 0.00% -139.81% -68.29%
Operating Cash Flow Growth		 0.00% -2.66% 845.79% 33.31% -33.64%
Free Cash Flow Firm Growth		 0.00% 0.00% -196.13% 96.73% 269.37%
Invested Capital Growth		 0.00% 0.00% 395.89% 7.35% -4.98%
Revenue Q/Q Growth		 0.00% 0.00% 29.05% -10.39% -1.55%
EBITDA Q/Q Growth		 0.00% 0.00% 31.08% -21.87% -1.12%
EBIT Q/Q Growth		 0.00% 0.00% 37.05% -55.40% -40.34%
NOPAT Q/Q Growth		 0.00% 0.00% 41.49% -60.34% -116.49%
Net Income Q/Q Growth		 0.00% 0.00% 47.80% -138.62% -2.57%
EPS Q/Q Growth		 0.00% 0.00% 0.00% -178.85% 20.69%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 57.98% -17.31% 10.13%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 94.33% 294.40%
Invested Capital Q/Q Growth		 0.00% 0.00% 70.15% -0.34% -6.05%
Profitability Metrics		 - - - - -
Gross Margin		 22.04% 25.81% 39.94% 33.84% 31.76%
EBITDA Margin		 10.57% 16.33% 28.71% 20.37% 16.10%
Operating Margin		 -17.35% -2.34% 17.00% 6.33% -2.76%
EBIT Margin		 -17.29% -2.26% 17.68% 4.96% -2.62%
Profit (Net Income) Margin		 -21.64% -5.66% 14.13% -2.25% -9.48%
Tax Burden Percent		 100.42% 99.54% 97.41% 102.07% 96.74%
Interest Burden Percent		 124.60% 251.15% 82.02% -44.48% 374.22%
Effective Tax Rate		 0.00% 0.00% 2.59% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% -5.73% 30.64% 5.15% -1.85%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -26.89% 20.13% -13.89% -17.61%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -53.02% 15.09% -9.57% -14.99%
Return on Equity (ROE)		 0.00% -58.74% 45.73% -4.42% -16.84%
Cash Return on Invested Capital (CROIC)		 0.00% -205.73% -102.24% -1.94% 3.25%
Operating Return on Assets (OROA)		 0.00% -2.62% 23.84% 4.34% -1.89%
Return on Assets (ROA)		 0.00% -6.55% 19.05% -1.97% -6.86%
Return on Common Equity (ROCE)		 0.00% -58.27% -31.66% -0.04% -15.13%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -29.57% -28.93% -4.89% -20.64%
Net Operating Profit after Tax (NOPAT)		 -67 -13 402 117 -42
NOPAT Margin		 -12.14% -1.64% 16.56% 4.43% -1.93%
Net Nonoperating Expense Percent (NNEP)		 0.00% 21.16% 10.51% 19.05% 15.76%
Return On Investment Capital (ROIC_SIMPLE)		 - - -215.06% 4.99% -1.93%
Cost of Revenue to Revenue		 77.96% 74.19% 60.06% 66.16% 68.24%
SG&A Expenses to Revenue		 8.80% 8.36% 9.28% 8.88% 9.34%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 39.38% 28.15% 22.94% 27.50% 34.52%
Earnings before Interest and Taxes (EBIT)		 -95 -17 429 130 -57
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 58 126 696 536 353
Valuation Ratios		 - - - - -
Price to Book Value (P/BV)		 0.00 1.96 0.00 1.12 1.23
Price to Tangible Book Value (P/TBV)		 0.00 2.42 0.00 1.90 2.24
Price to Revenue (P/Rev)		 0.53 0.37 1.61 0.51 0.57
Price to Earnings (P/E)		 0.00 0.00 42.71 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 2.34% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 1.24 3.33 1.06 1.11
Enterprise Value to Revenue (EV/Rev)		 0.00 0.71 3.00 0.94 1.12
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 4.35 10.45 4.64 6.98
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 16.96 19.04 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 18.11 21.29 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 12.44 17.52 4.49 6.70
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 33.13
Leverage & Solvency		 - - - - -
Debt to Equity		 0.00 1.80 0.69 0.80 0.97
Long-Term Debt to Equity		 0.00 1.59 0.59 0.71 0.83
Financial Leverage		 0.00 1.97 0.75 0.69 0.85
Leverage Ratio		 0.00 4.49 2.40 2.24 2.45
Compound Leverage Factor		 0.00 11.27 1.97 -1.00 9.19
Debt to Total Capital		 0.00% 64.31% 40.66% 44.57% 49.32%
Short-Term Debt to Total Capital		 0.00% 7.66% 5.61% 5.27% 7.32%
Long-Term Debt to Total Capital		 0.00% 56.65% 35.05% 39.30% 42.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.24% 111.38% 4.90% 5.90%
Common Equity to Total Capital		 0.00% 35.40% -52.04% 50.53% 44.78%
Debt to EBITDA		 0.00 2.13 1.33 2.00 3.14
Net Debt to EBITDA		 0.00 2.05 1.19 1.89 3.08
Long-Term Debt to EBITDA		 0.00 1.87 1.15 1.76 2.68
Debt to NOPAT		 0.00 -21.18 2.30 9.16 -26.23
Net Debt to NOPAT		 0.00 -20.42 2.07 8.70 -25.70
Long-Term Debt to NOPAT		 0.00 -18.66 1.99 8.08 -22.34
Altman Z-Score		 0.00 1.41 2.30 1.45 0.93
Noncontrolling Interest Sharing Ratio		 0.00% 0.81% 169.22% 99.00% 10.13%
Liquidity Ratios		 - - - - -
Current Ratio		 0.00 1.02 1.27 0.98 0.87
Quick Ratio		 0.00 0.70 0.84 0.58 0.52
Cash Flow Metrics		 - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -453 -1,341 -44 74
Operating Cash Flow to CapEx		 104.16% 62.80% 134.85% 212.23% 201.70%
Free Cash Flow to Firm to Interest Expense		 0.00 -17.21 -17.39 -0.23 0.47
Operating Cash Flow to Interest Expense		 1.94 1.67 5.39 2.94 2.33
Operating Cash Flow Less CapEx to Interest Expense		 0.08 -0.99 1.39 1.55 1.18
Efficiency Ratios		 - - - - -
Asset Turnover		 0.00 1.16 1.35 0.88 0.72
Accounts Receivable Turnover		 0.00 4.63 6.89 5.91 6.43
Inventory Turnover		 0.00 7.70 9.01 7.16 6.83
Fixed Asset Turnover		 0.00 2.11 2.76 1.66 1.24
Accounts Payable Turnover		 0.00 3.61 5.59 4.94 4.38
Days Sales Outstanding (DSO)		 0.00 78.90 52.95 61.79 56.79
Days Inventory Outstanding (DIO)		 0.00 47.38 40.53 50.98 53.43
Days Payable Outstanding (DPO)		 0.00 101.16 65.32 73.87 83.41
Cash Conversion Cycle (CCC)		 0.00 25.12 28.15 38.91 26.81
Capital & Investment Metrics		 - - - - -
Invested Capital		 0.00 440 2,182 2,343 2,226
Invested Capital Turnover		 0.00 3.49 1.85 1.16 0.96
Increase / (Decrease) in Invested Capital		 0.00 440 1,742 161 -117
Enterprise Value (EV)		 0.00 546 7,275 2,483 2,462
Market Capitalization		 288 288 3,908 1,352 1,243
Book Value per Share		 $0.00 $9.18 ($7.64) $7.60 $6.29
Tangible Book Value per Share		 $0.00 $7.44 ($10.50) $4.47 $3.47
Total Capital		 0.00 415 2,276 2,397 2,249
Total Debt		 0.00 267 925 1,069 1,109
Total Long-Term Debt		 0.00 235 798 942 944
Net Debt		 0.00 257 832 1,014 1,087
Capital Expenditures (CapEx)		 43 70 308 261 182
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 31 274 90 64
Debt-free Net Working Capital (DFNWC)		 0.00 37 309 116 79
Net Working Capital (NWC)		 0.00 5.00 182 -11 -86
Net Nonoperating Expense (NNE)		 52 31 59 176 166
Net Nonoperating Obligations (NNO)		 0.00 292 832 1,014 1,087
Total Depreciation and Amortization (D&A)		 153 143 267 405 410
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 4.09% 11.30% 3.43% 2.92%
Debt-free Net Working Capital to Revenue		 0.00% 4.79% 12.74% 4.40% 3.59%
Net Working Capital to Revenue		 0.00% 0.65% 7.48% -0.41% -3.92%
Earnings Adjustments		 - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 ($0.82) ($1.38)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 130.90M 159.90M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 ($0.82) ($1.38)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 130.90M 159.90M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 159.59M 160.18M
Normalized Net Operating Profit after Tax (NOPAT)		 -67 -13 449 132 15
Normalized NOPAT Margin		 -12.14% -1.64% 18.52% 5.01% 0.70%
Pre Tax Income Margin		 -21.54% -5.69% 14.50% -2.21% -9.80%
Debt Service Ratios		 - - - - -
EBIT to Interest Expense		 -4.06 -0.66 5.56 0.69 -0.36
NOPAT to Interest Expense		 -2.85 -0.48 5.21 0.62 -0.27
EBIT Less CapEx to Interest Expense		 -5.92 -3.32 1.57 -0.69 -1.52
NOPAT Less CapEx to Interest Expense		 -4.71 -3.14 1.22 -0.77 -1.43
Payout Ratios		 - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 8.00% -1.86% 0.00%

Quarterly Metrics And Ratios for ProFrac

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 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 255.58% 220.12% 148.55% 20.24% -17.58% -38.41% -32.19% -18.30% 0.19% -7.03% 3.23%
EBITDA Growth		 816.51% 311.49% 144.18% -8.79% -50.34% -68.73% -31.32% -67.49% -14.07% -5.87% -12.11%
EBIT Growth		 1,673.13% 660.47% 154.71% -50.80% -90.47% -121.35% -57.14% -208.04% -128.21% -57.89% -50.12%
NOPAT Growth		 3,319.00% 975.52% 229.43% -156.50% -90.79% -107.77% -62.20% 30.29% -120.98% -227.27% -69.12%
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% -613.33%
EPS Growth		 0.00% 0.00% 0.00% -112.50% -115.89% -224.10% -100.00% -2,000.00% -70.59% 34.95% 0.00%
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% -51.07%
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% -64.31%
Invested Capital Growth		 0.00% 395.89% 237.35% 112.39% 83.30% 7.35% -9.97% 0.81% 0.80% -4.98% -4.03%
Revenue Q/Q Growth		 18.12% 13.98% 7.98% -17.29% -19.04% -14.82% 18.89% -0.36% -0.71% -20.96% 32.02%
EBITDA Q/Q Growth		 47.49% -7.11% -5.73% -29.38% -19.70% -41.51% 107.04% -66.57% 112.29% -35.93% 93.30%
EBIT Q/Q Growth		 75.08% -18.45% -27.12% -52.72% -66.09% -282.69% 246.32% -219.18% 91.15% -922.73% 146.22%
NOPAT Q/Q Growth		 78.25% -17.32% -25.54% -151.49% 129.05% -169.76% 462.36% -194.95% 91.26% -988.37% 134.19%
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% 84.86%
EPS Q/Q Growth		 568.75% -22.43% -51.81% -105.00% -750.00% -505.88% 100.00% 0.00% 30.95% -131.03% 82.09%
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% -49.41%
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% 25.00%
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% 0.16%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 43.73% 38.41% 36.34% 33.08% 34.38% 29.91% 35.74% 32.15% 32.09% 25.75% 30.13%
EBITDA Margin		 33.70% 27.47% 23.98% 20.47% 20.31% 13.94% 24.28% 8.15% 17.42% 14.12% 20.67%
Operating Margin		 23.64% 15.77% 12.44% 7.57% 3.57% -2.92% 6.86% -8.49% -0.75% -10.29% 2.67%
EBIT Margin		 23.50% 16.81% 11.35% 6.49% 2.72% -5.83% 7.17% -8.58% -0.76% -9.90% 3.46%
Profit (Net Income) Margin		 19.99% 14.61% 6.97% -0.65% -3.12% -19.73% 0.52% -11.32% -7.56% -22.37% -2.57%
Tax Burden Percent		 94.63% 102.93% 89.92% -92.00% 72.76% 91.99% 90.91% 73.46% 96.67% 121.36% 101.99%
Interest Burden Percent		 89.92% 84.42% 68.35% 10.87% -157.69% 368.07% 7.91% 179.68% 1,022.73% 186.22% -72.60%
Effective Tax Rate		 5.37% -2.93% 10.08% 192.00% 0.00% 0.00% 9.09% 0.00% 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% 1.81%
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% -0.73%
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% -0.62%
Return on Equity (ROE)		 94.02% 50.81% 34.38% -16.54% 3.70% -10.47% 8.14% -12.58% -4.02% -18.38% 1.19%
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% 1.52%
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% 2.54%
Return on Assets (ROA)		 18.99% 19.69% 8.27% -0.78% -3.52% -17.28% 0.37% -7.61% -5.29% -16.18% -1.88%
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% 1.07%
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% -22.89%
Net Operating Profit after Tax (NOPAT)		 156 129 96 -49 14 -10 36 -34 -3.01 -33 11
NOPAT Margin		 22.37% 16.23% 11.19% -6.97% 2.50% -2.05% 6.24% -5.94% -0.52% -7.20% 1.87%
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% 2.54%
Return On Investment Capital (ROIC_SIMPLE)		 - -68.99% - - - -0.43% 1.56% - - -1.50% 0.51%
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% 69.87%
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% 8.93%
R&D to Revenue		 0.00% 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% 27.47%
Earnings before Interest and Taxes (EBIT)		 164 134 97 46 16 -29 42 -50 -4.40 -45 21
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 235 218 206 145 117 68 141 47 100 64 124
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 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 2.22
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 0.55
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 0.00
Dividend Yield		 0.00% 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% 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 1.10
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 1.11
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 7.32
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 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 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 7.52
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 71.05
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 1.00
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 0.87
Financial Leverage		 0.49 0.75 0.97 0.75 0.64 0.69 0.76 0.87 0.82 0.85 0.85
Leverage Ratio		 2.30 2.40 2.91 2.51 2.34 2.24 2.38 2.55 2.45 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 -1.78
Debt to Total Capital		 38.80% 40.66% 44.92% 46.10% 43.70% 44.57% 44.02% 48.52% 48.83% 49.32% 49.95%
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% 6.54%
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% 43.41%
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% 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% 6.06%
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% 44.00%
Debt to EBITDA		 1.03 1.33 1.45 1.41 1.54 2.00 2.23 3.21 3.29 3.14 3.34
Net Debt to EBITDA		 0.80 1.19 1.30 1.32 1.44 1.89 2.10 3.13 3.20 3.08 3.29
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 2.90
Debt to NOPAT		 1.92 2.30 2.52 2.69 3.60 9.16 15.01 -552.58 -60.07 -26.23 -19.01
Net Debt to NOPAT		 1.49 2.07 2.26 2.51 3.36 8.70 14.17 -538.06 -58.38 -25.70 -18.74
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 -16.52
Altman Z-Score		 3.17 1.97 1.51 1.47 1.51 1.28 1.32 0.99 0.98 0.94 1.01
Noncontrolling Interest Sharing Ratio		 99.83% 169.22% 78.58% -32.29% 43.65% 99.00% 52.20% 6.64% 9.25% 10.13% 10.42%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.53 1.27 1.06 0.99 0.96 0.98 1.07 1.01 0.95 0.87 0.98
Quick Ratio		 1.05 0.84 0.71 0.59 0.52 0.58 0.68 0.59 0.55 0.52 0.64
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,127 -1,613 -1,720 -1,330 -1,054 -171 294 -54 -22 84 105
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% 74.00%
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 2.92
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 1.08
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 -0.38
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.95 1.35 1.19 1.20 1.13 0.88 0.71 0.67 0.70 0.72 0.73
Accounts Receivable Turnover		 3.72 6.89 6.53 6.68 6.95 5.91 4.75 5.19 6.27 6.43 5.41
Inventory Turnover		 4.81 9.01 8.28 7.58 7.32 7.16 6.24 5.15 5.74 6.83 7.34
Fixed Asset Turnover		 2.29 2.76 2.32 2.37 2.20 1.66 1.31 1.18 1.21 1.24 1.30
Accounts Payable Turnover		 4.70 5.59 4.42 5.58 6.20 4.94 3.67 3.58 3.98 4.38 4.47
Days Sales Outstanding (DSO)		 98.23 52.95 55.89 54.61 52.52 61.79 76.85 70.29 58.21 56.79 67.48
Days Inventory Outstanding (DIO)		 75.88 40.53 44.08 48.17 49.89 50.98 58.54 70.86 63.63 53.43 49.74
Days Payable Outstanding (DPO)		 77.68 65.32 82.55 65.41 58.91 73.87 99.35 101.82 91.82 83.41 81.73
Cash Conversion Cycle (CCC)		 96.44 28.15 17.42 37.37 43.50 38.91 36.04 39.33 30.02 26.81 35.49
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 2,230
Invested Capital Turnover		 2.93 1.85 1.76 1.72 1.62 1.16 0.96 0.92 0.94 0.96 0.97
Increase / (Decrease) in Invested Capital		 1,283 1,742 1,816 1,281 1,068 161 -257 20 19 -117 -94
Enterprise Value (EV)		 4,315 7,275 4,413 2,881 2,835 2,483 2,444 2,478 2,355 2,462 2,458
Market Capitalization		 2,165 3,908 2,013 1,774 1,734 1,352 1,334 1,185 1,087 1,243 1,216
Book Value per Share		 $0.01 ($7.64) $0.75 $8.04 $7.84 $7.60 $7.60 $7.17 $6.88 $6.29 $6.17
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 $3.42
Total Capital		 1,404 2,276 2,643 2,460 2,419 2,397 2,382 2,471 2,403 2,249 2,246
Total Debt		 545 925 1,187 1,134 1,057 1,069 1,049 1,199 1,173 1,109 1,122
Total Long-Term Debt		 484 798 1,048 1,020 934 942 912 1,025 1,001 944 975
Net Debt		 423 832 1,064 1,059 989 1,014 990 1,168 1,140 1,087 1,106
Capital Expenditures (CapEx)		 123 115 82 98 51 30 53 40 67 22 52
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 287 274 128 79 73 90 149 154 112 64 116
Debt-free Net Working Capital (DFNWC)		 351 309 198 106 98 116 177 178 137 79 132
Net Working Capital (NWC)		 291 182 59 -8.90 -25 -11 41 4.00 -35 -86 -15
Net Nonoperating Expense (NNE)		 17 13 36 -45 32 86 33 31 40 69 27
Net Nonoperating Obligations (NNO)		 423 832 1,125 1,094 989 1,014 990 1,168 1,140 1,087 1,106
Total Depreciation and Amortization (D&A)		 71 85 108 99 101 97 100 97 105 109 103
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% 5.25%
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% 5.98%
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% -0.67%
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) ($0.12)
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 160.20M
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) ($0.12)
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 160.20M
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 $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 160.18M
Normalized Net Operating Profit after Tax (NOPAT)		 161 106 107 41 16 -8.82 36 15 3.15 -31 11
Normalized NOPAT Margin		 23.16% 13.32% 12.48% 5.81% 2.82% -1.80% 6.27% 2.59% 0.55% -6.79% 1.88%
Pre Tax Income Margin		 21.13% 14.19% 7.76% 0.71% -4.28% -21.45% 0.57% -15.41% -7.82% -18.43% -2.52%
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 0.58
NOPAT to Interest Expense		 9.45 6.20 3.12 -1.21 0.36 -0.13 0.94 -0.87 -0.07 -0.84 0.31
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 -0.88
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 -1.14
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% 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% -0.13%

Key Financial Trends

ProFrac posted sequential improvement in Q1 2025 with revenue of $600.3 million (+3.2% Q/Q) and expanding gross and EBITDA margins, reflecting better pricing and cost control. Operating income turned positive on a sequential basis, and free cash flow to the firm rose above $100 million.

On the balance sheet, total debt stands at $1.12 billion with net debt/EBITDA of 3.29×, roughly in line with the prior quarter. The Altman Z-score remains near 1.0, indicating borderline financial health but stable from Q4 2024.

Despite these gains, the company still reported a net loss of $15.4 million in Q1 2025, driven by heavy interest expense. Over the past year, ProFrac has improved top-line growth, margin expansion, and cash generation, but net profitability remains a hurdle.

  • Revenue grew 3.2% Q/Q to $600.3 million in Q1 2025, marking four consecutive quarters of sequential growth.
  • Gross margin expanded to 30.1%, up from 25.8% in Q4 2024, reflecting improved pricing and cost efficiencies.
  • EBITDA increased to $124.1 million (20.7% margin) versus $64.2 million (14.1% margin) in Q4 2024, demonstrating strong operating leverage.
  • Free cash flow to firm of $104.8 million improved from $83.8 million in Q4 2024, supporting debt servicing and reinvestment.
  • Total debt remains elevated at $1.12 billion, with net debt/EBITDA steady at ~3.3×, in line with industry peers.
  • Leverage ratio (debt/total capital) of 49.9% is virtually unchanged from 49.3% in the prior quarter.
  • Altman Z-score of 1.01 signals borderline financial health, stable compared to 0.94 in Q4 2024.
  • Net loss of $15.4 million in Q1 2025, though narrower than Q4 2024’s $101.7 million loss, remains a concern for shareholders.
  • Interest expense of $35.9 million outpaced operating income, dragging pre-tax income into negative territory.
  • Return on equity at 1.19% is low, reflecting persistent net losses and significant leverage costs.
07/19/25 03:41 PMAI Generated. May Contain Errors.

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 4 years?

ProFrac's net income appears to be on an upward trend, with a most recent value of -$207.80 million in 2024, rising from -$118.50 million in 2020. The previous period was -$59.20 million in 2023. See ProFrac's forecast for analyst expectations on what’s next for the company.

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's revenue changed over the last 4 years?

Over the last 4 years, ProFrac's total revenue changed from $547.70 million in 2020 to $2.19 billion in 2024, a change of 300.0%.

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 257.9% increase since 2021.

How much cash does ProFrac have?

In the past 3 years, ProFrac's cash and equivalents has ranged from $5.40 million in 2021 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 4 years?

Over the last 4 years, ProFrac's book value per share changed from 0.00 in 2020 to 6.29 in 2024, a change of 628.7%.


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This page (NASDAQ:ACDC) was last updated on 7/19/2025 by MarketBeat.com Staff
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