ACDCNasdaqOil & Gas Field Services, NECFiscal year ends December 31
ProFrac Holding Corp.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$4.07+0.04 (+0.99%)
Close on Oct 19, 2026
- Market cap
- $740.74M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2025
Gross margin
25.1%+25.1 pts over 5 years
Operating margin
-11.6%+5.7 pts over 5 years
Net margin
-19.0%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -11.4% | -7.1% | +28.8% | – | |
| Gross profit | -30.0% | -20.5% | – | – | |
| Free cash flow | -82.5% | -30.7% | – | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | -42.8% | |
| Return on assets | – | – | -13.3% | |
| Current ratio | – | – | 0.81 | |
| Debt to equity | – | – | 1.42 | |
| Net debt to EBITDA | – | – | 5.24× | |
| Interest coverage | – | -4.1× | -1.6× | |
| Inventory turnover | – | – | 8.3× | |
| Capex to revenue | – | 8.8% | 8.7% | |
| Diluted shares | – | – | 168M |
Where the cash went
Fiscal 2021 to 2025, five years combined
ProFrac generated $1.57B from operations and spent $1.14B on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$1.57B
Used
$1.14B
Capital expenditure$1.14B100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-19.0%
×Asset turnover0.70×
×Equity multiplier3.23×
=Return on equity, FY2025-42.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -19.0% | 0.70× | 3.23× | -42.8% |
| FY2024 | -9.8% | 0.72× | 2.73× | -19.4% |
| FY2023 | -3.7% | 1.21× | 162.41× | -729.1% |
| FY2022 | 3.8% | 2.49× | -1.88× | -17.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$369.00M
- Cash generatingOperating cash flow above zero$189.50M
- Return on assets improvedROA up on the prior year-7.0% → -12.3%
- Earnings backed by cashOperating cash flow above net income$189.50M vs -$369.00M
- Less leverageLong-term debt to assets fell31.6% → 34.0%
- Better liquidityCurrent ratio rose0.87 → 0.81
- No dilutionShare count did not rise160M → 168M
- Gross margin improvedGross margin up on the prior year31.76% → 25.09%
- More efficientAsset turnover rose0.71 → 0.65