ProFrac (ACDC) Financials

$6.13 -0.15 (-2.39%)

Closing price 05/16/2025 04:00 PM Eastern

Extended Trading

$6.34 +0.21 (+3.49%)

As of 05/16/2025 07:58 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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-215	-98	92
Consolidated Net Income / (Loss)	-208	-59	343
Net Income / (Loss) Continuing Operations	-208	-59	343
Total Pre-Tax Income	-215	-58	352
Total Operating Income	-60	167	412
Total Gross Profit	696	890	969
Total Revenue	2,191	2,630	2,426
Operating Revenue	2,191	2,630	2,426
Total Cost of Revenue	1,495	1,740	1,457
Operating Cost of Revenue	1,495	1,740	1,457
Total Operating Expenses	756	723	556
Selling, General & Admin Expense	205	234	225
Depreciation Expense	442	438	267
Other Operating Expenses / (Income)	27	30	15
Impairment Charge	75	0.00	0.00
Restructuring Charge	7.80	22	49
Total Other Income / (Expense), net	-154	-225	-61
Interest Expense	157	188	77
Other Income / (Expense), net	3.00	-36	17
Income Tax Expense	-7.00	1.20	9.10
Net Income / (Loss) Attributable to Noncontrolling Interest	7.30	39	178
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	0.00	0.00	74
Basic Earnings per Share	($1.38)	($0.82)	$2.06
Weighted Average Basic Shares Outstanding	159.90M	130.90M	44.30M
Diluted Earnings per Share	($1.38)	($0.82)	$2.06
Weighted Average Diluted Shares Outstanding	159.90M	130.90M	44.50M
Weighted Average Basic & Diluted Shares Outstanding	160.18M	159.59M	158.90M

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-18	-105	-45	-67	1.80	-98	-19	-2.90	22	41	44
Consolidated Net Income / (Loss)	-15	-102	-44	-66	3.00	-97	-18	-4.60	60	116	139
Net Income / (Loss) Continuing Operations	-15	-102	-44	-66	3.00	-97	-18	-4.60	60	116	139
Total Pre-Tax Income	-15	-84	-45	-89	3.30	-105	-25	5.00	67	113	147
Total Operating Income	16	-47	-4.30	-49	40	-14	21	54	107	125	165
Total Gross Profit	181	117	185	186	208	146	197	235	312	305	305
Total Revenue	600	455	575	579	582	489	574	709	858	794	697
Operating Revenue	600	455	575	579	582	489	574	709	858	794	697
Total Cost of Revenue	419	338	391	393	374	343	377	475	546	489	392
Operating Cost of Revenue	419	338	391	393	374	343	377	475	546	489	392
Total Operating Expenses	165	164	189	236	168	161	177	181	205	180	140
Selling, General & Admin Expense	54	48	52	54	51	40	53	64	78	56	65
Depreciation Expense	106	113	113	103	113	108	112	109	110	89	69
Other Operating Expenses / (Income)	5.20	-0.10	16	7.40	4.30	12	10	3.30	4.40	8.70	0.60
Restructuring Charge	0.10	2.70	2.00	2.90	0.20	1.70	2.60	5.20	12	26	5.80
Total Other Income / (Expense), net	-31	-37	-41	-40	-37	-91	-45	-49	-40	-13	-18
Interest Expense	36	39	41	40	38	76	40	41	31	21	17
Other Income / (Expense), net	4.80	1.80	-0.10	-0.50	1.80	-14	-4.90	-7.70	-9.40	8.30	-1.00
Income Tax Expense	0.30	18	-1.50	-24	0.30	-8.40	-6.70	9.60	6.70	-3.30	7.90
Net Income / (Loss) Attributable to Noncontrolling Interest	2.10	3.30	1.70	1.10	1.20	1.40	1.00	-1.70	38	75	95
Basic Earnings per Share	($0.12)	($0.67)	($0.29)	($0.42)	$0.00	($1.03)	($0.17)	($0.02)	$0.40	$0.83	$1.07
Weighted Average Basic Shares Outstanding	160.20M	159.90M	160.10M	160M	159.50M	130.90M	159.40M	148.80M	54.50M	44.30M	41.20M
Diluted Earnings per Share	($0.12)	($0.67)	($0.29)	($0.42)	$0.00	($1.03)	($0.17)	($0.02)	$0.40	$0.83	$1.07
Weighted Average Diluted Shares Outstanding	160.20M	159.90M	160.10M	160M	159.80M	130.90M	159.40M	148.80M	54.90M	44.50M	41.30M
Weighted Average Basic & Diluted Shares Outstanding	160.18M	160.18M	160.15M	160.15M	159.94M	159.59M	159.39M	159.39M	159.00M	158.90M	155.09M

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

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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	1.20	-11	1.50	-4.30	3.00	-0.50	-2.00	-45	35	-29	-9.10
Net Cash From Operating Activities	39	77	98	114	79	43	124	154	234	159	172
Net Cash From Continuing Operating Activities	39	77	98	114	79	43	124	154	234	159	172
Net Income / (Loss) Continuing Operations	-15	-102	-44	-66	3.00	-97	-18	-4.60	60	116	139
Consolidated Net Income / (Loss)	-15	-102	-44	-66	3.00	-97	-18	-4.60	60	116	139
Depreciation Expense	106	113	113	103	113	108	112	109	110	89	69
Amortization Expense	-2.70	-4.10	-8.10	-6.50	-13	-11	-11	-9.70	-2.00	-4.60	2.00
Non-Cash Adjustments To Reconcile Net Income	1.00	1.00	17	69	0.30	37	8.20	15	17	7.80	14
Changes in Operating Assets and Liabilities, net	-50	68	20	14	-24	5.60	32	44	48	-50	-52
Net Cash From Investing Activities	-52	-21	-67	-232	-53	-28	-51	-111	-526	-399	-242
Net Cash From Continuing Investing Activities	-52	-21	-67	-232	-53	-28	-51	-111	-526	-399	-242
Purchase of Property, Plant & Equipment	-53	-63	-70	-62	-60	-33	-53	-98	-83	-117	-123
Sale of Property, Plant & Equipment	0.20	41	2.90	22	6.60	3.20	1.60	0.40	1.00	1.70	0.50
Other Investing Activities, net	0.60	1.70	0.10	-	-	-0.50	-	-	-	2.00	-21
Net Cash From Financing Activities	14	-67	-30	114	-23	-15	-75	-88	327	211	60
Net Cash From Continuing Financing Activities	14	-67	-30	114	-23	-15	-75	-88	327	211	60
Repayment of Debt	-404	-425	-591	-539	-524	-1,256	-493	-545	-400	-103	-228
Repurchase of Common Equity	-0.30	-	-	-	-	-	-	-	-	-	-
Issuance of Debt	419	358	562	654	501	1,241	370	458	727	314	288
Other Financing Activities, net	-1.00	-	-	-1.40	-0.10	-	-	-0.80	0.00	-	-

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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	2,988	3,071	2,934
Total Current Assets	574	638	865
Cash & Equivalents	15	25	35
Accounts Receivable	329	353	538
Inventories, net	201	237	250
Prepaid Expenses	29	23	43
Plant, Property, & Equipment, net	1,761	1,779	1,396
Total Noncurrent Assets	653	654	672
Long-Term Investments	7.50	29	59
Goodwill	302	326	241
Intangible Assets	149	174	203
Noncurrent Deferred & Refundable Income Taxes	0.00	0.30	0.40
Other Noncurrent Operating Assets	194	125	169
Total Liabilities & Shareholders' Equity	2,988	3,071	2,934
Total Liabilities	1,849	1,742	1,583
Total Current Liabilities	660	649	684
Short-Term Debt	165	126	128
Accounts Payable	342	341	363
Accrued Expenses	67	66	104
Other Current Liabilities	86	116	89
Total Noncurrent Liabilities	1,189	1,093	899
Long-Term Debt	944	942	798
Noncurrent Deferred & Payable Income Tax Liabilities	15	0.00	0.00
Other Noncurrent Operating Liabilities	229	151	101
Commitments & Contingencies	0.00	0.00	0.00
Redeemable Noncontrolling Interest	64	59	2,463
Total Equity & Noncontrolling Interests	1,076	1,270	-1,112
Total Preferred & Common Equity	1,007	1,211	-1,184
Preferred Stock	0.00	0.00	0.00
Total Common Equity	1,007	1,211	-1,184
Common Stock	1,243	1,227	1.50
Retained Earnings	-236	-16	-1,186
Accumulated Other Comprehensive Income / (Loss)	0.10	0.30	0.00
Noncontrolling Interest	69	59	72

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

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

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

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.23%	-7.03%	0.19%	-18.30%	-32.19%	-38.41%	-17.58%	20.24%	148.55%	220.12%	255.58%
EBITDA Growth	-12.11%	-5.87%	-14.07%	-67.49%	-31.32%	-68.73%	-50.34%	-8.79%	144.18%	311.49%	816.51%
EBIT Growth	-50.12%	-57.89%	-128.21%	-208.04%	-57.14%	-121.35%	-90.47%	-50.80%	154.71%	660.47%	1,673.13%
NOPAT Growth	-69.12%	-227.27%	-120.98%	30.29%	-62.20%	-107.77%	-90.79%	-156.50%	229.43%	975.52%	3,319.00%
Net Income Growth	-613.33%	-5.39%	-143.02%	-1,326.09%	-94.98%	-183.19%	-112.85%	-106.82%	199.00%	2,143.71%	1,089.70%
EPS Growth	0.00%	34.95%	-70.59%	-2,000.00%	-100.00%	-224.10%	-115.89%	-112.50%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-51.07%	79.16%	-20.55%	-26.15%	-66.12%	-73.08%	-28.18%	276.72%	434.32%	2,453.95%	1,477.45%
Free Cash Flow Firm Growth	-64.31%	149.17%	97.94%	95.93%	117.07%	89.43%	6.45%	-26.42%	-133.71%	0.00%	0.00%
Invested Capital Growth	-4.03%	-4.98%	0.80%	0.81%	-9.97%	7.35%	83.30%	112.39%	237.35%	395.89%	0.00%
Revenue Q/Q Growth	32.02%	-20.96%	-0.71%	-0.36%	18.89%	-14.82%	-19.04%	-17.29%	7.98%	13.98%	18.12%
EBITDA Q/Q Growth	93.30%	-35.93%	112.29%	-66.57%	107.04%	-41.51%	-19.70%	-29.38%	-5.73%	-7.11%	47.49%
EBIT Q/Q Growth	146.22%	-922.73%	91.15%	-219.18%	246.32%	-282.69%	-66.09%	-52.72%	-27.12%	-18.45%	75.08%
NOPAT Q/Q Growth	134.19%	-988.37%	91.26%	-194.95%	462.36%	-169.76%	129.05%	-151.49%	-25.54%	-17.32%	78.25%
Net Income Q/Q Growth	84.86%	-133.79%	33.69%	-2,286.67%	103.11%	-439.11%	-289.13%	-107.69%	-48.45%	-16.73%	106.68%
EPS Q/Q Growth	82.09%	-131.03%	30.95%	0.00%	100.00%	-505.88%	-750.00%	-105.00%	-51.81%	-22.43%	568.75%
Operating Cash Flow Q/Q Growth	-49.41%	-22.10%	-13.48%	43.49%	85.25%	-65.45%	-19.58%	-34.18%	47.23%	-7.84%	321.81%
Free Cash Flow Firm Q/Q Growth	25.00%	486.18%	59.90%	-118.44%	272.23%	83.82%	20.75%	22.67%	-6.60%	-43.19%	-7.11%
Invested Capital Q/Q Growth	0.16%	-6.05%	-2.87%	5.00%	-0.83%	-0.34%	-2.85%	-6.23%	18.26%	70.15%	12.56%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	30.13%	25.75%	32.09%	32.15%	35.74%	29.91%	34.38%	33.08%	36.34%	38.41%	43.73%
EBITDA Margin	20.67%	14.12%	17.42%	8.15%	24.28%	13.94%	20.31%	20.47%	23.98%	27.47%	33.70%
Operating Margin	2.67%	-10.29%	-0.75%	-8.49%	6.86%	-2.92%	3.57%	7.57%	12.44%	15.77%	23.64%
EBIT Margin	3.46%	-9.90%	-0.76%	-8.58%	7.17%	-5.83%	2.72%	6.49%	11.35%	16.81%	23.50%
Profit (Net Income) Margin	-2.57%	-22.37%	-7.56%	-11.32%	0.52%	-19.73%	-3.12%	-0.65%	6.97%	14.61%	19.99%
Tax Burden Percent	101.99%	121.36%	96.67%	73.46%	90.91%	91.99%	72.76%	-92.00%	89.92%	102.93%	94.63%
Interest Burden Percent	-72.60%	186.22%	1,022.73%	179.68%	7.91%	368.07%	-157.69%	10.87%	68.35%	84.42%	89.92%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	9.09%	0.00%	0.00%	192.00%	10.08%	-2.93%	5.37%
Return on Invested Capital (ROIC)	1.81%	-6.91%	-0.49%	-5.44%	5.99%	-2.38%	4.04%	-11.97%	19.65%	30.02%	65.57%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.73%	-13.47%	-4.30%	-8.20%	2.84%	-11.75%	-0.53%	-6.09%	15.25%	27.73%	57.74%
Return on Net Nonoperating Assets (RNNOA)	-0.62%	-11.47%	-3.53%	-7.13%	2.15%	-8.10%	-0.34%	-4.57%	14.73%	20.79%	28.45%
Return on Equity (ROE)	1.19%	-18.38%	-4.02%	-12.58%	8.14%	-10.47%	3.70%	-16.54%	34.38%	50.81%	94.02%
Cash Return on Invested Capital (CROIC)	1.52%	3.25%	-1.62%	-0.90%	13.35%	-1.94%	-42.62%	-48.25%	-80.42%	-102.24%	0.00%
Operating Return on Assets (OROA)	2.54%	-7.16%	-0.54%	-5.77%	5.08%	-5.10%	3.07%	7.76%	13.46%	22.67%	22.31%
Return on Assets (ROA)	-1.88%	-16.18%	-5.29%	-7.61%	0.37%	-17.28%	-3.52%	-0.78%	8.27%	19.69%	18.99%
Return on Common Equity (ROCE)	1.07%	-16.51%	-3.65%	-11.74%	3.89%	-0.10%	2.09%	-21.87%	7.37%	-35.17%	0.16%
Return on Equity Simple (ROE_SIMPLE)	-22.89%	0.00%	-18.39%	-15.43%	-9.56%	0.00%	12.26%	24.28%	319.02%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	11	-33	-3.01	-34	36	-10	14	-49	96	129	156
NOPAT Margin	1.87%	-7.20%	-0.52%	-5.94%	6.24%	-2.05%	2.50%	-6.97%	11.19%	16.23%	22.37%
Net Nonoperating Expense Percent (NNEP)	2.54%	6.56%	3.80%	2.76%	3.15%	9.37%	4.57%	-5.88%	4.40%	2.29%	7.82%
Return On Investment Capital (ROIC_SIMPLE)	0.51%	-1.50%	-	-	-	-0.43%	-	-	-	-68.99%	-
Cost of Revenue to Revenue	69.87%	74.25%	67.91%	67.85%	64.26%	70.09%	65.62%	66.92%	63.66%	61.59%	56.27%
SG&A Expenses to Revenue	8.93%	10.56%	9.02%	9.34%	8.70%	8.08%	9.18%	8.95%	9.08%	7.05%	9.26%
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	27.47%	36.05%	32.84%	40.65%	28.87%	32.84%	30.81%	25.51%	23.90%	22.64%	20.09%
Earnings before Interest and Taxes (EBIT)	21	-45	-4.40	-50	42	-29	16	46	97	134	164
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	124	64	100	47	141	68	117	145	206	218	235
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.23	1.23	0.99	1.03	1.10	1.12	1.39	1.39	16.82	0.00	1,521.78
Price to Tangible Book Value (P/TBV)	2.22	2.24	1.70	1.73	1.89	1.90	2.33	2.32	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.55	0.57	0.49	0.53	0.57	0.51	0.59	0.58	0.69	1.61	1.15
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	42.19	17.06	17.74	42.71	28.27
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.37%	5.86%	5.64%	2.34%	3.54%
Enterprise Value to Invested Capital (EV/IC)	1.10	1.11	0.99	1.02	1.05	1.06	1.21	1.19	1.71	3.33	3.36
Enterprise Value to Revenue (EV/Rev)	1.11	1.12	1.06	1.11	1.04	0.94	0.97	0.94	1.50	3.00	2.30
Enterprise Value to EBITDA (EV/EBITDA)	7.32	6.98	6.60	6.64	5.19	4.64	4.14	3.58	5.40	10.45	8.12
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	32.68	19.04	9.70	6.54	9.04	16.96	13.79
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	34.99	21.29	9.64	6.83	9.38	18.11	15.20
Enterprise Value to Operating Cash Flow (EV/OCF)	7.52	6.70	7.06	6.90	6.12	4.49	4.24	4.01	7.29	17.52	16.42
Enterprise Value to Free Cash Flow (EV/FCFF)	71.05	33.13	0.00	0.00	7.47	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.00	0.97	0.95	0.94	0.79	0.80	0.78	0.86	0.82	0.69	0.63
Long-Term Debt to Equity	0.87	0.83	0.81	0.81	0.68	0.71	0.69	0.77	0.72	0.59	0.56
Financial Leverage	0.85	0.85	0.82	0.87	0.76	0.69	0.64	0.75	0.97	0.75	0.49
Leverage Ratio	2.45	2.45	2.45	2.55	2.38	2.24	2.34	2.51	2.91	2.40	2.30
Compound Leverage Factor	-1.78	4.57	25.09	4.57	0.19	8.25	-3.69	0.27	1.99	2.03	2.07
Debt to Total Capital	49.95%	49.32%	48.83%	48.52%	44.02%	44.57%	43.70%	46.10%	44.92%	40.66%	38.80%
Short-Term Debt to Total Capital	6.54%	7.32%	7.15%	7.06%	5.73%	5.27%	5.08%	4.65%	5.27%	5.61%	4.31%
Long-Term Debt to Total Capital	43.41%	42.00%	41.67%	41.47%	38.29%	39.30%	38.63%	41.45%	39.64%	35.05%	34.49%
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	6.06%	5.90%	5.32%	5.06%	5.04%	4.90%	4.62%	1.92%	50.55%	111.38%	122.95%
Common Equity to Total Capital	44.00%	44.78%	45.85%	46.41%	50.94%	50.53%	51.68%	51.98%	4.53%	-52.04%	0.10%
Debt to EBITDA	3.34	3.14	3.29	3.21	2.23	2.00	1.54	1.41	1.45	1.33	1.03
Net Debt to EBITDA	3.29	3.08	3.20	3.13	2.10	1.89	1.44	1.32	1.30	1.19	0.80
Long-Term Debt to EBITDA	2.90	2.68	2.81	2.75	1.94	1.76	1.36	1.27	1.28	1.15	0.91
Debt to NOPAT	-19.01	-26.23	-60.07	-552.58	15.01	9.16	3.60	2.69	2.52	2.30	1.92
Net Debt to NOPAT	-18.74	-25.70	-58.38	-538.06	14.17	8.70	3.36	2.51	2.26	2.07	1.49
Long-Term Debt to NOPAT	-16.52	-22.34	-51.27	-472.21	13.06	8.08	3.18	2.42	2.23	1.99	1.71
Altman Z-Score	1.01	0.94	0.98	0.99	1.32	1.28	1.51	1.47	1.51	1.97	3.17
Noncontrolling Interest Sharing Ratio	10.42%	10.13%	9.25%	6.64%	52.20%	99.00%	43.65%	-32.29%	78.58%	169.22%	99.83%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.98	0.87	0.95	1.01	1.07	0.98	0.96	0.99	1.06	1.27	1.53
Quick Ratio	0.64	0.52	0.55	0.59	0.68	0.58	0.52	0.59	0.71	0.84	1.05
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	105	84	-22	-54	294	-171	-1,054	-1,330	-1,720	-1,613	-1,127
Operating Cash Flow to CapEx	74.00%	344.59%	146.35%	287.34%	148.41%	142.81%	242.35%	157.32%	284.06%	137.91%	140.03%
Free Cash Flow to Firm to Interest Expense	2.92	2.16	-0.53	-1.37	7.65	-2.23	-26.22	-32.44	-55.84	-77.57	-68.29
Operating Cash Flow to Interest Expense	1.08	1.97	2.42	2.87	2.06	0.56	3.07	3.75	7.58	7.63	10.43
Operating Cash Flow Less CapEx to Interest Expense	-0.38	1.40	0.77	1.87	0.67	0.17	1.81	1.37	4.91	2.10	2.98
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.73	0.72	0.70	0.67	0.71	0.88	1.13	1.20	1.19	1.35	0.95
Accounts Receivable Turnover	5.41	6.43	6.27	5.19	4.75	5.91	6.95	6.68	6.53	6.89	3.72
Inventory Turnover	7.34	6.83	5.74	5.15	6.10	7.16	7.32	7.58	8.28	9.01	4.81
Fixed Asset Turnover	1.30	1.24	1.21	1.18	1.31	1.66	2.20	2.37	2.32	2.76	2.29
Accounts Payable Turnover	4.47	4.38	3.98	3.58	3.59	4.94	6.20	5.58	4.42	5.59	4.70
Days Sales Outstanding (DSO)	67.48	56.79	58.21	70.29	76.85	61.79	52.52	54.61	55.89	52.95	98.23
Days Inventory Outstanding (DIO)	49.74	53.43	63.63	70.86	59.87	50.98	49.89	48.17	44.08	40.53	75.88
Days Payable Outstanding (DPO)	81.73	83.41	91.82	101.82	101.61	73.87	58.91	65.41	82.55	65.32	77.68
Cash Conversion Cycle (CCC)	35.49	26.81	30.02	39.33	35.11	38.91	43.50	37.37	17.42	28.15	96.44
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,230	2,226	2,370	2,440	2,324	2,343	2,351	2,420	2,581	2,182	1,283
Invested Capital Turnover	0.97	0.96	0.94	0.92	0.96	1.16	1.62	1.72	1.76	1.85	2.93
Increase / (Decrease) in Invested Capital	-94	-117	19	20	-257	161	1,068	1,281	1,816	1,742	1,283
Enterprise Value (EV)	2,458	2,462	2,355	2,478	2,444	2,483	2,835	2,881	4,413	7,275	4,315
Market Capitalization	1,216	1,243	1,087	1,185	1,334	1,352	1,734	1,774	2,013	3,908	2,165
Book Value per Share	$6.17	$6.29	$6.88	$7.17	$7.60	$7.60	$7.84	$8.04	$0.75	($7.64)	$0.01
Tangible Book Value per Share	$3.42	$3.47	$4.01	$4.29	$4.43	$4.47	$4.67	$4.82	($2.57)	($10.50)	($0.92)
Total Capital	2,246	2,249	2,403	2,471	2,382	2,397	2,419	2,460	2,643	2,276	1,404
Total Debt	1,122	1,109	1,173	1,199	1,049	1,069	1,057	1,134	1,187	925	545
Total Long-Term Debt	975	944	1,001	1,025	912	942	934	1,020	1,048	798	484
Net Debt	1,106	1,087	1,140	1,168	990	1,014	989	1,059	1,064	832	423
Capital Expenditures (CapEx)	52	22	67	40	53	30	51	98	82	115	123
Debt-free, Cash-free Net Working Capital (DFCFNWC)	116	64	112	154	149	90	73	79	128	274	287
Debt-free Net Working Capital (DFNWC)	132	79	137	178	177	116	98	106	198	309	351
Net Working Capital (NWC)	-15	-86	-35	4.00	41	-11	-25	-8.90	59	182	291
Net Nonoperating Expense (NNE)	27	69	40	31	33	86	32	-45	36	13	17
Net Nonoperating Obligations (NNO)	1,106	1,087	1,140	1,168	990	1,014	989	1,094	1,125	832	423
Total Depreciation and Amortization (D&A)	103	109	105	97	100	97	101	99	108	85	71
Debt-free, Cash-free Net Working Capital to Revenue	5.25%	2.92%	5.03%	6.94%	6.33%	3.43%	2.48%	2.57%	4.36%	11.30%	15.26%
Debt-free Net Working Capital to Revenue	5.98%	3.59%	6.17%	8.02%	7.54%	4.40%	3.33%	3.45%	6.74%	12.74%	18.70%
Net Working Capital to Revenue	-0.67%	-3.92%	-1.55%	0.18%	1.74%	-0.41%	-0.85%	-0.29%	1.99%	7.48%	15.48%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.12)	($0.67)	($0.29)	($0.42)	$0.00	($1.03)	($0.21)	($0.02)	$0.40	$0.83	$1.09
Adjusted Weighted Average Basic Shares Outstanding	160.20M	159.90M	160.10M	160M	159.50M	130.90M	159.40M	148.80M	54.50M	44.30M	41.24M
Adjusted Diluted Earnings per Share	($0.12)	($0.67)	($0.29)	($0.42)	$0.00	($1.03)	($0.21)	($0.02)	$0.40	$0.83	$1.09
Adjusted Weighted Average Diluted Shares Outstanding	160.20M	159.90M	160.10M	160M	159.80M	130.90M	159.40M	148.80M	54.90M	44.50M	41.35M
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	160.18M	160.18M	160.15M	160.15M	159.94M	159.59M	159.39M	159.39M	159.00M	158.90M	155.09M
Normalized Net Operating Profit after Tax (NOPAT)	11	-31	3.15	15	36	-8.82	16	41	107	106	161
Normalized NOPAT Margin	1.88%	-6.79%	0.55%	2.59%	6.27%	-1.80%	2.82%	5.81%	12.48%	13.32%	23.16%
Pre Tax Income Margin	-2.52%	-18.43%	-7.82%	-15.41%	0.57%	-21.45%	-4.28%	0.71%	7.76%	14.19%	21.13%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.58	-1.16	-0.11	-1.26	1.09	-0.37	0.39	1.12	3.16	6.42	9.92
NOPAT to Interest Expense	0.31	-0.84	-0.07	-0.87	0.94	-0.13	0.36	-1.21	3.12	6.20	9.45
EBIT Less CapEx to Interest Expense	-0.88	-1.73	-1.76	-2.25	-0.30	-0.76	-0.88	-1.26	0.49	0.89	2.47
NOPAT Less CapEx to Interest Expense	-1.14	-1.42	-1.73	-1.87	-0.44	-0.52	-0.91	-3.59	0.45	0.67	2.00
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	-0.13%	0.00%	0.00%	0.00%	0.00%	-1.86%	0.72%	0.00%	0.00%	8.00%	11.82%

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. Check out ProFrac's forecast to explore projected trends and price targets.

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 5/18/2025 by MarketBeat.com Staff

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ProFrac (ACDC) Financials

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ProFrac (ACDC) Financials

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