ProFrac Holding Corp. Class A Common Stock (ACDC)

FairStock Score: 32/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

On October 13, 2026, the market asked $4.56 for ProFrac, an $830.5 million company that fracks wells, makes proppant, and supplies completion equipment. I see a cyclical oilfield service business with limited pricing power. Filed results show why it is a difficult case. Revenue fell from $2.6 billion in FY2023 to $2.2 billion in FY2024 and $1.9 billion in FY2025. Net losses widened from $97.7 million in FY2023 to $215.1 million in FY2024 and $369.0 million in FY2025. Diluted EPS went from -$0.82 to -$1.38 to -$2.22. The latest filed quarter, fiscal Q2 2026 ended 2026-06-30, showed revenue of $498.1 million and a net loss of $79.7 million, or diluted EPS -$0.45, better than the fiscal Q2 2025 loss of $108.0 million but still negative. FairStock's numbers at the 2026-10-13 close show P/E -1.96, P/B 1.53, ROE -44.76%, ROCE -4.46%, negative free cash flow of $60.7 million, FCF yield -7.3%, D/E 1.70, and Altman Z-score -0.06. Piotroski is 6/9, which is not enough to offset the balance-sheet and cash-burn worry. EV/EBITDA of 15.29 is not a bargain for a struggling service provider. The 52-week range of $3.08-$8.22 shows how volatile sentiment is. Growth trajectory: revenue is roughly flat to down, and losses are improving only from awful levels. Without a durable recovery in drilling and completion demand, a real moat, or positive free cash flow, this is a speculative turnaround, not a Graham-style bargain. I would need evidence of debt reduction and sustained profitability before calling the price cheap.

In plain English: ProFrac provides hydraulic fracturing, sand, and other services to oil and gas producers. The business looks weak right now: recent quarters show losses, negative cash flow, and a lot of debt, though losses in the latest quarter were smaller than a year earlier. At $4.56 per share, the stock does not look plainly cheap against those numbers because it trades above its stated net worth while earnings and cash flow are negative.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer