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ProFrac (ACDC) Financials

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$7.70 -0.06 (-0.71%)
As of 10:38 AM Eastern
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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 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 0.00 0.00 92 -205 -435 -743
Consolidated Net Income / (Loss)		 -119 -44 343 -59 -208 -356
Net Income / (Loss) Continuing Operations		 -119 -44 343 -59 -208 -356
Total Pre-Tax Income 		-118 -44 352 -58 -215 -368
Total Operating Income		 -95 -18 412 167 -60 -226
Total Gross Profit		 121 198 969 890 696 487
Total Revenue		 548 768 2,426 2,630 2,191 1,942
Operating Revenue		 548 768 2,426 2,630 2,191 1,942
Total Cost of Revenue		 427 570 1,457 1,740 1,495 1,455
Operating Cost of Revenue		 427 570 1,457 1,740 1,495 1,455
Total Operating Expenses		 216 216 556 723 756 713
Selling, General & Admin Expense		 48 64 225 234 205 191
Depreciation Expense		 151 141 267 438 442 416
Other Operating Expenses / (Income)		 17 11 15 27 27 53
Impairment Charge		 - - 0.00 2.50 75 53
Restructuring Charge		 - 0.00 49 22 7.80 0.20
Total Other Income / (Expense), net		 -23 -26 -61 -225 -154 -143
Interest Expense		 23 26 77 188 157 139
Other Income / (Expense), net		 0.30 0.60 17 -36 3.00 -3.80
Income Tax Expense		 0.50 -0.20 9.10 1.20 -7.00 -13
Net Income / (Loss) Attributable to Noncontrolling Interest		 -1.10 -1.10 178 39 7.30 14
Basic Earnings per Share		 $0.00 $0.00 $2.06 ($0.82) ($1.38) ($2.22)
Weighted Average Basic Shares Outstanding		 0.00 0.00 44.30M 130.90M 159.90M 168.30M
Diluted Earnings per Share		 $0.00 $0.00 $2.06 ($0.82) ($1.38) ($2.22)
Weighted Average Diluted Shares Outstanding		 0.00 0.00 44.50M 130.90M 159.90M 168.30M
Weighted Average Basic & Diluted Shares Outstanding		 - - 158.90M 159.59M 160.18M 180.92M

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -19 -98 1.80 -67 -45 -105 -18 -106 -101 -519 -84
Consolidated Net Income / (Loss)		 -18 -97 3.00 -66 -44 -102 -15 -104 -92 -144 -81
Net Income / (Loss) Continuing Operations		 -18 -97 3.00 -66 -44 -102 -15 -104 -92 -144 -81
Total Pre-Tax Income 		-25 -105 3.30 -89 -45 -84 -15 -99 -113 -142 -79
Total Operating Income		 21 -14 40 -49 -4.30 -47 16 -54 -79 -109 -46
Total Gross Profit		 197 146 208 186 185 117 181 127 79 100 95
Total Revenue		 574 489 582 579 575 455 600 502 403 437 450
Operating Revenue		 574 489 582 579 575 455 600 502 403 437 450
Total Cost of Revenue		 377 343 374 393 391 338 419 375 324 336 354
Operating Cost of Revenue		 377 343 374 393 391 338 419 375 324 336 354
Total Operating Expenses		 177 161 168 236 189 164 165 182 158 209 142
Selling, General & Admin Expense		 53 40 51 54 52 48 54 51 43 43 44
Depreciation Expense		 112 108 113 103 113 113 106 105 103 103 97
Other Operating Expenses / (Income)		 10 12 4.30 7.40 16 -0.10 5.20 25 12 11 0.90
Impairment Charge		 0.00 - - 68 6.80 - 0.00 0.00 0.00 - 0.00
Restructuring Charge		 2.60 1.70 0.20 2.90 2.00 2.70 0.10 0.10 0.00 - 0.00
Total Other Income / (Expense), net		 -45 -91 -37 -40 -41 -37 -31 -45 -34 -33 -33
Interest Expense		 40 76 38 40 41 39 36 35 35 33 33
Other Income / (Expense), net		 -4.90 -14 1.80 -0.50 -0.10 1.80 4.80 -9.70 0.70 0.40 0.00
Income Tax Expense		 -6.70 -8.40 0.30 -24 -1.50 18 0.30 4.40 -20 2.60 1.60
Net Income / (Loss) Attributable to Noncontrolling Interest		 1.00 1.40 1.20 1.10 1.70 3.30 2.10 2.40 8.50 0.50 2.70
Basic Earnings per Share		 ($0.17) ($1.03) $0.00 ($0.42) ($0.29) ($0.67) ($0.12) ($0.67) ($0.60) ($0.83) ($0.47)
Weighted Average Basic Shares Outstanding		 159.40M 130.90M 159.50M 160M 160.10M 159.90M 160.20M 160.20M 170.80M 168.30M 182M
Diluted Earnings per Share		 ($0.17) ($1.03) $0.00 ($0.42) ($0.29) ($0.67) ($0.12) ($0.67) ($0.60) ($0.83) ($0.47)
Weighted Average Diluted Shares Outstanding		 159.40M 130.90M 159.80M 160M 160.10M 159.90M 160.20M 160.20M 170.80M 168.30M 182M
Weighted Average Basic & Diluted Shares Outstanding		 159.39M 159.59M 159.94M 160.15M 160.15M 160.18M 160.18M 160.28M 180.87M 180.92M 180.92M

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 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -15 2.40 33 -13 -11 8.10
Net Cash From Operating Activities		 45 44 415 554 367 190
Net Cash From Continuing Operating Activities		 45 44 415 556 367 190
Net Income / (Loss) Continuing Operations		 -119 -44 343 -59 -208 -356
Consolidated Net Income / (Loss)		 -119 -44 343 -59 -208 -356
Depreciation Expense		 151 141 267 438 442 416
Amortization Expense		 1.90 2.20 0.10 -33 -32 4.10
Non-Cash Adjustments To Reconcile Net Income		 14 9.00 66 80 87 102
Changes in Operating Assets and Liabilities, net		 -3.00 -65 -261 130 78 23
Net Cash From Investing Activities		 -45 -78 -1,029 -716 -372 -164
Net Cash From Continuing Investing Activities		 -45 -78 -1,029 -716 -372 -164
Purchase of Property, Plant & Equipment		 -48 -87 -356 -267 -255 -170
Acquisitions		 -1.30 -4.30 -641 -455 -194 0.00
Sale of Property, Plant & Equipment		 4.70 18 48 6.20 73 5.80
Other Investing Activities, net		 0.00 0.00 -23 -0.50 4.20 0.40
Net Cash From Financing Activities		 -15 37 646 150 -5.50 -18
Net Cash From Continuing Financing Activities		 -15 37 646 150 -5.50 -18
Repayment of Debt		 -203 -187 -975 -2,694 -2,079 -1,969
Repurchase of Common Equity		 0.00 0.00 -27 -1.10 0.00 -3.40
Issuance of Debt		 188 224 1,387 2,796 2,075 1,874
Issuance of Preferred Equity		 - 0.00 0.00 50 0.00 0.00
Issuance of Common Equity		 0.00 0.00 329 0.00 0.00 83
Other Financing Activities, net		 0.00 0.00 -68 -0.80 -1.50 -2.80
Cash Interest Paid		 21 24 35 139 138 126
Cash Income Taxes Paid		 0.40 -0.20 4.80 0.30 3.00 2.10

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -2.00 -0.50 3.00 -4.30 1.50 -11 1.20 10 32 -35 11
Net Cash From Operating Activities		 124 43 79 114 98 77 39 100 0.90 50 9.30
Net Cash From Continuing Operating Activities		 124 43 79 114 98 77 39 100 0.60 50 9.30
Net Income / (Loss) Continuing Operations		 -18 -97 3.00 -66 -44 -102 -15 -104 -96 -141 -81
Consolidated Net Income / (Loss)		 -18 -97 3.00 -66 -44 -102 -15 -104 -96 -141 -81
Depreciation Expense		 112 108 113 103 113 113 106 105 103 103 97
Amortization Expense		 -11 -11 -13 -6.50 -8.10 -4.10 -2.70 1.10 2.90 2.80 2.80
Non-Cash Adjustments To Reconcile Net Income		 8.20 37 0.30 69 17 1.00 1.00 29 10 61 -1.10
Changes in Operating Assets and Liabilities, net		 32 5.60 -24 14 20 68 -50 69 -20 24 -8.70
Net Cash From Investing Activities		 -51 -28 -53 -232 -67 -21 -52 -46 -30 -36 -35
Net Cash From Continuing Investing Activities		 -51 -28 -53 -232 -67 -21 -52 -46 -30 -36 -35
Purchase of Property, Plant & Equipment		 -53 -33 -60 -62 -70 -63 -53 -47 -34 -37 -41
Acquisitions		 - 2.00 - -194 - - 0.00 - - - 0.00
Sale of Property, Plant & Equipment		 1.60 3.20 6.60 22 2.90 41 0.20 0.50 4.20 0.90 6.20
Other Investing Activities, net		 - -0.50 0.00 - 0.10 1.70 0.60 -0.20 - - 0.00
Net Cash From Financing Activities		 -75 -15 -23 114 -30 -67 14 -44 61 -49 36
Net Cash From Continuing Financing Activities		 -75 -15 -23 114 -30 -67 14 -44 61 -49 36
Repayment of Debt		 -493 -1,256 -524 -539 -591 -425 -404 -564 -462 -540 -405
Issuance of Debt		 370 1,241 501 654 562 358 419 519 445 492 442
Other Financing Activities, net		 - - -0.10 -1.40 - - -1.00 -0.20 - -1.60 -0.50

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 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 665 2,934 3,071 2,988 2,573
Total Current Assets		 252 865 638 574 484
Cash & Equivalents		 5.40 35 25 15 23
Accounts Receivable		 166 538 353 329 287
Inventories, net		 74 250 237 201 151
Prepaid Expenses		 6.20 43 23 29 23
Plant, Property, & Equipment, net		 364 1,396 1,779 1,761 1,464
Total Noncurrent Assets		 49 672 654 653 625
Goodwill		 0.00 241 326 302 290
Intangible Assets		 28 203 174 149 112
Noncurrent Deferred & Refundable Income Taxes		 0.00 0.40 0.30 0.00 29
Other Noncurrent Operating Assets		 17 169 125 202 194
Total Liabilities & Shareholders' Equity		 665 2,934 3,071 2,988 2,573
Total Liabilities		 517 1,583 1,742 1,849 1,692
Total Current Liabilities		 247 684 649 660 597
Short-Term Debt		 32 128 126 165 150
Accounts Payable		 158 363 341 342 299
Accrued Expenses		 23 104 66 67 74
Other Current Liabilities		 34 89 116 86 74
Total Noncurrent Liabilities		 270 899 1,093 1,189 1,095
Long-Term Debt		 235 798 942 944 876
Noncurrent Deferred & Payable Income Tax Liabilities		 - 0.00 0.00 15 12
Other Noncurrent Operating Liabilities		 0.00 101 151 229 208
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 0.00 2,463 59 64 69
Total Equity & Noncontrolling Interests		 148 -1,112 1,270 1,076 812
Total Preferred & Common Equity		 147 -1,184 1,211 1,007 718
Preferred Stock		 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 147 -1,184 1,211 1,007 718
Common Stock		 0.00 1.50 1,227 1,243 1,328
Retained Earnings		 0.00 -1,186 -16 -236 -610
Noncontrolling Interest		 1.00 72 59 69 94

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 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 1,979 3,640 3,451 3,222 3,007 3,164 3,136 3,021 2,831 2,742 2,551
Total Current Assets		 836 994 829 679 665 704 680 670 580 541 534
Cash & Equivalents		 65 70 27 25 28 24 26 16 26 58 34
Accounts Receivable		 506 598 466 339 394 390 371 423 353 288 324
Inventories, net		 239 283 305 272 220 259 239 200 181 167 159
Prepaid Expenses		 25 43 31 43 23 31 45 30 21 28 17
Plant, Property, & Equipment, net		 821 1,910 1,912 1,845 1,690 1,867 1,825 1,714 1,636 1,568 1,413
Total Noncurrent Assets		 322 737 710 698 653 593 631 637 614 633 603
Goodwill		 98 328 321 323 342 301 302 301 301 301 290
Intangible Assets		 35 200 191 182 165 160 158 140 130 121 103
Noncurrent Deferred & Refundable Income Taxes		 2.03 0.40 0.00 0.00 0.10 0.10 0.10 - - 30 28
Other Noncurrent Operating Assets		 131 156 149 150 115 124 163 196 183 181 182
Total Liabilities & Shareholders' Equity		 1,979 3,640 3,451 3,222 3,007 3,164 3,136 3,021 2,831 2,742 2,551
Total Liabilities		 1,120 2,185 2,125 1,860 1,673 1,891 1,906 1,897 1,812 1,721 1,766
Total Current Liabilities		 545 935 838 704 624 700 715 685 640 596 651
Short-Term Debt		 61 139 114 123 136 174 172 147 136 159 151
Accounts Payable		 244 555 459 359 298 351 379 392 366 298 349
Accrued Expenses		 194 130 125 113 89 94 76 75 77 81 71
Other Current Liabilities		 46 110 140 109 100 80 88 71 61 58 80
Total Noncurrent Liabilities		 575 1,250 1,287 1,157 1,050 1,192 1,192 1,212 1,172 1,126 1,114
Long-Term Debt		 484 1,048 1,020 934 912 1,025 1,001 975 948 912 908
Noncurrent Deferred & Payable Income Tax Liabilities		 - - 78 79 0.00 0.00 0.00 15 15 11 12
Other Noncurrent Operating Liabilities		 91 141 155 143 138 167 191 223 209 203 194
Commitments & Contingencies		 0.00 0.00 0.00 0.00 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 65 66 67 70
Total Equity & Noncontrolling Interests		 -785 201 1,326 1,304 1,274 1,211 1,167 1,059 952 954 715
Total Preferred & Common Equity		 1.42 120 1,279 1,250 1,214 1,147 1,102 988 876 862 617
Preferred Stock		 0.00 0.00 0.00 0.00 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 1,102 988 876 862 617
Common Stock		 -867 6.30 1,168 1,173 1,229 1,230 1,231 1,243 1,237 1,328 1,312
Retained Earnings		 868 114 111 78 -15 -83 -130 -255 -362 -466 -695
Noncontrolling Interest		 82 81 47 54 60 64 66 71 77 92 97

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 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - 180,871,183.00
DEI Adjusted Shares Outstanding		 - - - - - 180,871,183.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - -4.11
Growth Metrics		 - - - - - -
Profitability Metrics		 - - - - - -
Net Operating Profit after Tax (NOPAT)		 -67 -13 402 117 -42 -158
Return On Investment Capital (ROIC_SIMPLE)		 - - -215.06% 4.99% -1.93% -8.63%
Earnings before Interest and Taxes (EBIT)		 -95 -17 429 130 -57 -230
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 58 126 696 536 353 191
Valuation Ratios		 - - - - - -
Leverage & Solvency		 - - - - - -
Liquidity Ratios		 - - - - - -
Cash Flow Metrics		 - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -453 -1,341 -44 74 198
Efficiency Ratios		 - - - - - -
Capital & Investment Metrics		 - - - - - -
Invested Capital		 0.00 440 2,182 2,343 2,226 1,878
Increase / (Decrease) in Invested Capital		 0.00 440 1,742 161 -117 -356
Book Value per Share		 $0.00 $9.18 ($7.64) $7.60 $6.29 $3.97
Tangible Book Value per Share		 $0.00 $7.44 ($10.50) $4.47 $3.47 $1.74
Total Capital		 0.00 415 2,276 2,397 2,249 1,901
Total Debt		 0.00 267 925 1,069 1,109 1,020
Total Long-Term Debt		 0.00 235 798 942 944 876
Net Debt		 0.00 257 832 1,014 1,087 997
Capital Expenditures (CapEx)		 43 70 308 261 182 164
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 31 274 90 64 7.90
Debt-free Net Working Capital (DFNWC)		 0.00 37 309 116 79 31
Net Working Capital (NWC)		 0.00 5.00 182 -11 -86 -114
Net Nonoperating Expense (NNE)		 52 31 59 176 166 197
Net Nonoperating Obligations (NNO)		 0.00 292 832 1,014 1,087 997
Total Depreciation and Amortization (D&A)		 153 143 267 405 410 420
Earnings Adjustments		 - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 ($0.82) ($1.38) ($2.22)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 130.90M 159.90M 168.30M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 ($0.82) ($1.38) ($2.22)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 130.90M 159.90M 168.30M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $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 180.92M
Normalized Net Operating Profit after Tax (NOPAT)		 -67 -13 449 132 15 -121
Debt Service Ratios		 - - - - - -
Payout Ratios		 - - - - - -

Quarterly Metrics And Ratios for ProFrac

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - 180,871,183.00 180,920,753.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 180,871,183.00 180,920,753.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - -2.87 -0.46
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -17.58% -38.41% -32.19% -18.30% 0.19% -7.03% 3.23% -13.38% -29.93% - -25.10%
EBITDA Growth		 -50.34% -68.73% -31.32% -67.49% -14.07% -5.87% -12.11% -11.44% -72.26% - -56.89%
EBIT Growth		 -90.47% -121.35% -57.14% -208.04% -128.21% -57.89% -50.12% -28.77% -1,675.00% - -323.08%
NOPAT Growth		 -90.79% -107.77% -62.20% 30.29% -120.98% -227.27% -69.12% -10.37% -1,732.56% - -390.00%
Net Income Growth		 -112.85% -183.19% -94.98% -1,326.09% -143.02% -5.39% -613.33% -57.77% -112.41% - -424.68%
EPS Growth		 -115.89% -224.10% -100.00% -2,000.00% -70.59% 34.95% 0.00% -59.52% -106.90% - -291.67%
Operating Cash Flow Growth		 -28.18% -73.08% -66.12% -26.15% -20.55% 79.16% -51.07% -11.54% -99.08% - -75.97%
Free Cash Flow Firm Growth		 6.45% 89.43% 117.07% 95.93% 97.94% 149.17% -64.31% 700.65% 1,394.52% - 268.82%
Invested Capital Growth		 83.30% 7.35% -9.97% 0.81% 0.80% -4.98% -4.03% -14.89% -14.19% - -18.79%
Revenue Q/Q Growth		 -19.04% -14.82% 18.89% -0.36% -0.71% -20.96% 32.02% -16.39% -19.69% - 3.00%
EBITDA Q/Q Growth		 -19.70% -41.51% 107.04% -66.57% 112.29% -35.93% 93.30% -66.32% -33.49% - 1,944.83%
EBIT Q/Q Growth		 -66.09% -282.69% 246.32% -219.18% 91.15% -922.73% 146.22% -407.69% -22.03% - 57.16%
NOPAT Q/Q Growth		 129.05% -169.76% 462.36% -194.95% 91.26% -988.37% 134.19% -439.38% -45.12% - 57.31%
Net Income Q/Q Growth		 -289.13% -439.11% 103.11% -2,286.67% 33.69% -133.79% 84.86% -572.08% 10.72% - 43.97%
EPS Q/Q Growth		 -750.00% -505.88% 100.00% 0.00% 30.95% -131.03% 82.09% -458.33% 10.45% - 43.37%
Operating Cash Flow Q/Q Growth		 -19.58% -65.45% 85.25% 43.49% -13.48% -22.10% -49.41% 159.43% -99.10% - -81.21%
Free Cash Flow Firm Q/Q Growth		 20.75% 83.82% 272.23% -118.44% 59.90% 486.18% 25.00% 210.30% -13.58% - 40.75%
Invested Capital Q/Q Growth		 -2.85% -0.34% -0.83% 5.00% -2.87% -6.05% 0.16% -6.88% -2.07% - -3.83%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 34.38% 29.91% 35.74% 32.15% 32.09% 25.75% 30.13% 25.34% 19.60% - 21.17%
EBITDA Margin		 20.31% 13.94% 24.28% 8.15% 17.42% 14.12% 20.67% 8.33% 6.90% - 11.90%
Operating Margin		 3.57% -2.92% 6.86% -8.49% -0.75% -10.29% 2.67% -10.82% -19.55% - -10.32%
EBIT Margin		 2.72% -5.83% 7.17% -8.58% -0.76% -9.90% 3.46% -12.75% -19.37% - -10.32%
Profit (Net Income) Margin		 -3.12% -19.73% 0.52% -11.32% -7.56% -22.37% -2.57% -20.62% -22.92% - -17.97%
Tax Burden Percent		 72.76% 91.99% 90.91% 73.46% 96.67% 121.36% 101.99% 104.44% 82.06% - 102.02%
Interest Burden Percent		 -157.69% 368.07% 7.91% 179.68% 1,022.73% 186.22% -72.60% 154.84% 144.17% - 170.69%
Effective Tax Rate		 0.00% 0.00% 9.09% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Return on Invested Capital (ROIC)		 4.04% -2.38% 5.99% -5.44% -0.49% -6.91% 1.81% -7.15% -12.18% - -6.40%
ROIC Less NNEP Spread (ROIC-NNEP)		 -0.53% -11.75% 2.84% -8.20% -4.30% -13.47% -0.73% -13.04% -15.64% - -10.94%
Return on Net Nonoperating Assets (RNNOA)		 -0.34% -8.10% 2.15% -7.13% -3.53% -11.47% -0.62% -12.67% -14.96% - -12.22%
Return on Equity (ROE)		 3.70% -10.47% 8.14% -12.58% -4.02% -18.38% 1.19% -19.82% -27.14% - -18.62%
Cash Return on Invested Capital (CROIC)		 -42.62% -1.94% 13.35% -0.90% -1.62% 3.25% 1.52% 13.31% 10.06% - 10.75%
Operating Return on Assets (OROA)		 3.07% -5.10% 5.08% -5.77% -0.54% -7.16% 2.54% -9.07% -12.92% - -6.64%
Return on Assets (ROA)		 -3.52% -17.28% 0.37% -7.61% -5.29% -16.18% -1.88% -14.67% -15.29% - -11.55%
Return on Common Equity (ROCE)		 2.09% -0.10% 3.89% -11.74% -3.65% -16.51% 1.07% -17.50% -23.68% - -15.66%
Return on Equity Simple (ROE_SIMPLE)		 12.26% 0.00% -9.56% -15.43% -18.39% 0.00% -22.89% 0.00% 0.00% - 0.00%
Net Operating Profit after Tax (NOPAT)		 14 -10 36 -34 -3.01 -33 11 -38 -55 -76 -32
NOPAT Margin		 2.50% -2.05% 6.24% -5.94% -0.52% -7.20% 1.87% -7.57% -13.68% - -7.22%
Net Nonoperating Expense Percent (NNEP)		 4.57% 9.37% 3.15% 2.76% 3.80% 6.56% 2.54% 5.88% 3.46% - 4.53%
Return On Investment Capital (ROIC_SIMPLE)		 - -0.43% 1.56% - - -1.50% 0.51% -1.87% -2.73% -4.15% -1.83%
Cost of Revenue to Revenue		 65.62% 70.09% 64.26% 67.85% 67.91% 74.25% 69.87% 74.66% 80.40% - 78.83%
SG&A Expenses to Revenue		 9.18% 8.08% 8.70% 9.34% 9.02% 10.56% 8.93% 10.24% 10.67% - 9.70%
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		 30.81% 32.84% 28.87% 40.65% 32.84% 36.05% 27.47% 36.16% 39.15% - 31.49%
Earnings before Interest and Taxes (EBIT)		 16 -29 42 -50 -4.40 -45 21 -64 -78 -108 -46
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 117 68 141 47 100 64 124 42 28 -2.90 54
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.39 1.12 1.10 1.03 0.99 1.23 1.23 1.42 0.69 - 1.82
Price to Tangible Book Value (P/TBV)		 2.33 1.90 1.89 1.73 1.70 2.24 2.22 2.80 1.35 - 5.00
Price to Revenue (P/Rev)		 0.59 0.51 0.57 0.53 0.49 0.57 0.55 0.58 0.30 - 0.63
Price to Earnings (P/E)		 42.19 0.00 0.00 0.00 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%
Earnings Yield		 2.37% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.21 1.06 1.05 1.02 0.99 1.11 1.10 1.18 0.87 - 1.28
Enterprise Value to Revenue (EV/Rev)		 0.97 0.94 1.04 1.11 1.06 1.12 1.11 1.15 0.90 - 1.29
Enterprise Value to EBITDA (EV/EBITDA)		 4.14 4.64 5.19 6.64 6.60 6.98 7.32 7.40 6.84 - 19.26
Enterprise Value to EBIT (EV/EBIT)		 9.70 19.04 32.68 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 9.64 21.29 34.99 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 4.24 4.49 6.12 6.90 7.06 6.70 7.52 7.79 8.15 - 14.46
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 7.47 0.00 0.00 33.13 71.05 8.13 7.97 - 10.66
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.78 0.80 0.79 0.94 0.95 0.97 1.00 1.06 1.05 - 1.35
Long-Term Debt to Equity		 0.69 0.71 0.68 0.81 0.81 0.83 0.87 0.93 0.89 - 1.16
Financial Leverage		 0.64 0.69 0.76 0.87 0.82 0.85 0.85 0.97 0.96 - 1.12
Leverage Ratio		 2.34 2.24 2.38 2.55 2.45 2.45 2.45 2.62 2.61 - 2.92
Compound Leverage Factor		 -3.69 8.25 0.19 4.57 25.09 4.57 -1.78 4.05 3.77 - 4.98
Debt to Total Capital		 43.70% 44.57% 44.02% 48.52% 48.83% 49.32% 49.95% 51.57% 51.17% - 57.45%
Short-Term Debt to Total Capital		 5.08% 5.27% 5.73% 7.06% 7.15% 7.32% 6.54% 6.47% 7.58% - 8.20%
Long-Term Debt to Total Capital		 38.63% 39.30% 38.29% 41.47% 41.67% 42.00% 43.41% 45.10% 43.59% - 49.25%
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		 4.62% 4.90% 5.04% 5.06% 5.32% 5.90% 6.06% 6.79% 7.62% - 9.09%
Common Equity to Total Capital		 51.68% 50.53% 50.94% 46.41% 45.85% 44.78% 44.00% 41.64% 41.21% - 33.46%
Debt to EBITDA		 1.54 2.00 2.23 3.21 3.29 3.14 3.34 3.28 4.15 - 8.82
Net Debt to EBITDA		 1.44 1.89 2.10 3.13 3.20 3.08 3.29 3.20 3.92 - 8.54
Long-Term Debt to EBITDA		 1.36 1.76 1.94 2.75 2.81 2.68 2.90 2.87 3.53 - 7.56
Debt to NOPAT		 3.60 9.16 15.01 -552.58 -60.07 -26.23 -19.01 -17.33 -9.33 - -5.25
Net Debt to NOPAT		 3.36 8.70 14.17 -538.06 -58.38 -25.70 -18.74 -16.91 -8.82 - -5.09
Long-Term Debt to NOPAT		 3.18 8.08 13.06 -472.21 -51.27 -22.34 -16.52 -15.15 -7.95 - -4.50
Altman Z-Score		 1.51 1.28 1.32 0.99 0.98 0.94 1.01 0.89 0.57 - 0.59
Noncontrolling Interest Sharing Ratio		 43.65% 99.00% 52.20% 6.64% 9.25% 10.13% 10.42% 11.70% 12.76% - 15.90%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.96 0.98 1.07 1.01 0.95 0.87 0.98 0.91 0.91 - 0.82
Quick Ratio		 0.52 0.58 0.68 0.59 0.55 0.52 0.64 0.59 0.58 - 0.55
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,054 -171 294 -54 -22 84 105 325 281 280 387
Operating Cash Flow to CapEx		 242.35% 142.81% 148.41% 287.34% 146.35% 344.59% 74.00% 218.26% 2.99% - 26.96%
Free Cash Flow to Firm to Interest Expense		 -26.22 -2.23 7.65 -1.37 -0.53 2.16 2.92 9.26 8.15 - 11.78
Operating Cash Flow to Interest Expense		 3.07 0.56 2.06 2.87 2.42 1.97 1.08 2.86 0.03 - 0.28
Operating Cash Flow Less CapEx to Interest Expense		 1.81 0.17 0.67 1.87 0.77 1.40 -0.38 1.55 -0.85 - -0.77
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.13 0.88 0.71 0.67 0.70 0.72 0.73 0.71 0.67 - 0.64
Accounts Receivable Turnover		 6.95 5.91 4.75 5.19 6.27 6.43 5.41 5.74 5.95 - 4.79
Inventory Turnover		 7.32 7.16 6.24 5.15 5.74 6.83 7.34 6.92 7.18 - 7.73
Fixed Asset Turnover		 2.20 1.66 1.31 1.18 1.21 1.24 1.30 1.22 1.16 - 1.15
Accounts Payable Turnover		 6.20 4.94 3.67 3.58 3.98 4.38 4.47 4.25 4.30 - 3.75
Days Sales Outstanding (DSO)		 52.52 61.79 76.85 70.29 58.21 56.79 67.48 63.60 61.38 - 76.20
Days Inventory Outstanding (DIO)		 49.89 50.98 58.54 70.86 63.63 53.43 49.74 52.71 50.86 - 47.20
Days Payable Outstanding (DPO)		 58.91 73.87 99.35 101.82 91.82 83.41 81.73 85.95 84.84 - 97.30
Cash Conversion Cycle (CCC)		 43.50 38.91 36.04 39.33 30.02 26.81 35.49 30.36 27.39 - 26.09
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,351 2,343 2,324 2,440 2,370 2,226 2,230 2,077 2,034 1,878 1,811
Invested Capital Turnover		 1.62 1.16 0.96 0.92 0.94 0.96 0.97 0.94 0.89 - 0.89
Increase / (Decrease) in Invested Capital		 1,068 161 -257 20 19 -117 -94 -363 -336 -356 -419
Enterprise Value (EV)		 2,835 2,483 2,444 2,478 2,355 2,462 2,458 2,444 1,765 - 2,315
Market Capitalization		 1,734 1,352 1,334 1,185 1,087 1,243 1,216 1,243 593 - 1,122
Book Value per Share		 $7.84 $7.60 $7.60 $7.17 $6.88 $6.29 $6.17 $5.47 $5.38 $3.97 $3.41
Tangible Book Value per Share		 $4.67 $4.47 $4.43 $4.29 $4.01 $3.47 $3.42 $2.77 $2.74 $1.74 $1.24
Total Capital		 2,419 2,397 2,382 2,471 2,403 2,249 2,246 2,103 2,092 1,901 1,844
Total Debt		 1,057 1,069 1,049 1,199 1,173 1,109 1,122 1,084 1,070 1,020 1,060
Total Long-Term Debt		 934 942 912 1,025 1,001 944 975 948 912 876 908
Net Debt		 989 1,014 990 1,168 1,140 1,087 1,106 1,058 1,012 997 1,026
Capital Expenditures (CapEx)		 51 30 53 40 67 22 52 46 30 36 35
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 73 90 149 154 112 64 116 50 46 7.90 0.70
Debt-free Net Working Capital (DFNWC)		 98 116 177 178 137 79 132 76 104 31 34
Net Working Capital (NWC)		 -25 -11 41 4.00 -35 -86 -15 -60 -54 -114 -117
Net Nonoperating Expense (NNE)		 32 86 33 31 40 69 27 65 37 68 48
Net Nonoperating Obligations (NNO)		 989 1,014 990 1,168 1,140 1,087 1,106 1,058 1,012 997 1,026
Total Depreciation and Amortization (D&A)		 101 97 100 97 105 109 103 106 106 105 100
Debt-free, Cash-free Net Working Capital to Revenue		 2.48% 3.43% 6.33% 6.94% 5.03% 2.92% 5.25% 2.35% 2.36% - 0.04%
Debt-free Net Working Capital to Revenue		 3.33% 4.40% 7.54% 8.02% 6.17% 3.59% 5.98% 3.57% 5.32% - 1.91%
Net Working Capital to Revenue		 -0.85% -0.41% 1.74% 0.18% -1.55% -3.92% -0.67% -2.80% -2.77% - -6.53%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.21) ($1.03) $0.00 ($0.42) ($0.29) ($0.67) ($0.12) ($0.67) ($0.60) ($0.83) ($0.47)
Adjusted Weighted Average Basic Shares Outstanding		 159.40M 130.90M 159.50M 160M 160.10M 159.90M 160.20M 160.20M 170.80M 168.30M 182M
Adjusted Diluted Earnings per Share		 ($0.21) ($1.03) $0.00 ($0.42) ($0.29) ($0.67) ($0.12) ($0.67) ($0.60) ($0.83) ($0.47)
Adjusted Weighted Average Diluted Shares Outstanding		 159.40M 130.90M 159.80M 160M 160.10M 159.90M 160.20M 160.20M 170.80M 168.30M 182M
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		 159.39M 159.59M 159.94M 160.15M 160.15M 160.18M 160.18M 160.28M 180.87M 180.92M 180.92M
Normalized Net Operating Profit after Tax (NOPAT)		 16 -8.82 36 15 3.15 -31 11 -38 -55 -76 -32
Normalized NOPAT Margin		 2.82% -1.80% 6.27% 2.59% 0.55% -6.79% 1.88% -7.56% -13.68% - -7.22%
Pre Tax Income Margin		 -4.28% -21.45% 0.57% -15.41% -7.82% -18.43% -2.52% -19.75% -27.93% - -17.62%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.39 -0.37 1.09 -1.26 -0.11 -1.16 0.58 -1.82 -2.26 - -1.41
NOPAT to Interest Expense		 0.36 -0.13 0.94 -0.87 -0.07 -0.84 0.31 -1.08 -1.60 - -0.99
EBIT Less CapEx to Interest Expense		 -0.88 -0.76 -0.30 -2.25 -1.76 -1.73 -0.88 -3.13 -3.14 - -2.47
NOPAT Less CapEx to Interest Expense		 -0.91 -0.52 -0.44 -1.87 -1.73 -1.42 -1.14 -2.39 -2.47 - -2.04
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		 0.72% -1.86% 0.00% 0.00% 0.00% 0.00% -0.13% 0.00% -1.09% - 0.00%

Financials Breakdown Chart

Key Financial Trends

ProFrac Holding Corp. (ACDC) has shown significant cash flow and leverage dynamics over the last four years. The company remains heavily asset-backed with ongoing capital expenditures, while generating intermittent positive operating cash flow and taking on substantial debt. Below are the top trends that retail investors should consider, based on quarterly data from the last four years.

  • Operating cash flow has been positive in several quarters, notably around 2024 Q4 and 2025 Q2, indicating occasional cash generation from core operations despite ongoing net losses.
  • Large debt issuances in 2025 (about $519.2M in Q2 and $444.5M in Q3) provided meaningful liquidity headroom to fund capex and working capital needs.
  • In 2025 Q2, free cash flow was notably positive relative to other quarters (roughly $54M when comparing net operating cash to investing outflows), with further cash generation visible in 2025 Q4 (~$14M) after investing activities.
  • Revenue has shown substantial quarter-to-quarter volatility with no clear, consistent growth trend, suggesting sensitivity to market cycles and activity levels rather than a steady expansion.
  • The balance sheet remains asset-heavy (significant property, plant & equipment and long-lived assets), which supports operations but also implies substantial capital commitments and depreciation-related cash uses.
  • Earnings per share remain negative in recent periods (for example, 2025 Q1 Basic EPS around -0.12 and 2025 Q4 around -0.83), reflecting ongoing profitability challenges despite improving or volatile cash flows.
  • Net income attributable to common shareholders has been negative across multiple years, with a notably large quarterly loss in 2025 Q4 (around -$519 million), signaling persistent profitability headwinds.
  • Debt load is substantial, with long-term debt typically around $1.0B+ and total liabilities well above equity in recent quarters, contributing to meaningful interest expense (roughly $33–40M per quarter) that weighs on net income.
  • Free cash flow has been negative in most quarters outside mid-2025, indicating ongoing cash burn relative to investing and working capital needs.
  • Net financing activity turned notably negative in 2025 Q4, underscoring increased reliance on external financing and potential liquidity risk if access to capital markets tightens.
05/21/26 10:18 AM ETAI Generated. May Contain Errors.

ProFrac Financials - Frequently Asked Questions

According to the most recent income statement we have on file, ProFrac's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

ProFrac's net income appears to be on an upward trend, with a most recent value of -$355.50 million in 2025, rising from -$118.50 million in 2020. The previous period was -$207.80 million in 2024. Check out ProFrac's forecast to explore projected trends and price targets.

ProFrac's total operating income in 2025 was -$225.80 million, based on the following breakdown:
  • Total Gross Profit: $487.20 million
  • Total Operating Expenses: $713 million

Over the last 5 years, ProFrac's total revenue changed from $547.70 million in 2020 to $1.94 billion in 2025, a change of 254.5%.

ProFrac's total liabilities were at $1.69 billion at the end of 2025, a 8.4% decrease from 2024, and a 227.7% increase since 2021.

In the past 4 years, ProFrac's cash and equivalents has ranged from $5.40 million in 2021 to $35.10 million in 2022, and is currently $22.90 million as of their latest financial filing in 2025.

Over the last 5 years, ProFrac's book value per share changed from 0.00 in 2020 to 3.97 in 2025, a change of 396.7%.


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Financial statements for NASDAQ:ACDC last updated on 5/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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