Reading the tape
NASDAQ: ACDC
ProFrac Holding Corp.
Energy · Oil & Gas Equipment & Services
Market Cap
$1.36B
52w High
$10.70
52w Low
$3.08
P/E
-3.32
Volume
974.05K
Outstanding Shares
180.92M
Price vs Fundamentals
Why The Stock Is Moving
Momentum disconnected from fundamentalsModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 63.12%Revenue (TTM): -11.37%FCF (TTM): -83.06%P/FCF: 93rd pct
What changed
The stock rose 63.12% over the last year. Revenue declined 11.37% over the trailing twelve months. Operating margin moved from -2.76% to -8.52%. Free cash flow declined 83.06% over the trailing twelve months.
What the market seems to be pricing
The stock is rising despite deteriorating fundamentals and now sits at the 93rd percentile of its historical P/FCF range. This is a momentum-driven move — the market may be front-running a recovery that has not yet appeared in reported numbers.
What would invalidate this read
Operating margin (currently -8.52%) would need to stabilize or improve to justify the move. Revenue is declining 11.37% — a trend reversal in the next report would be the key signal to watch. This read is wrong if the next period shows operating metrics turning the corner. At that point the price would be anticipating real improvement rather than running ahead of it.
Company profile
ProFrac Holding Corp., a vertically integrated and energy services company, provides hydraulic fracturing, completion, and other products and services to upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources.
CEOJohnathan Ladd Wilks
SectorEnergy
IndustryOil & Gas Equipment & Services
Employees3,077
IPO dateMay 13, 2022
Valuation
Forward P/E—
EV/EBITDA6.18
Enterprise value$1.74B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth-4%
Gross margin3.65%▼68.46%vs FY2024
Operating margin-8.52%▼150.50%vs FY2024
ROE-46.93%▼119.68%vs FY2024
Analyst consensus
RatingHold
Target price$6.00▼20.21%
0
Buy
4
Hold
2
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 7, 2026
Q2 FY26 · EPS est -$0.39 · Revenue est $426.39M
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