ProFrac Holding (ProFrac Holding) Gross Margin % : 11.94% (As of Dec. 2023)

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What is ProFrac Holding Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. ProFrac Holding's Gross Profit for the three months ended in Dec. 2023 was $58 Mil. ProFrac Holding's Revenue for the three months ended in Dec. 2023 was $489 Mil. Therefore, ProFrac Holding's Gross Margin % for the quarter that ended in Dec. 2023 was 11.94%.

The historical rank and industry rank for ProFrac Holding's Gross Margin % or its related term are showing as below:

ACDC' s Gross Margin % Range Over the Past 10 Years
Min: -5.48 Med: 13 Max: 29.67
Current: 18.47

During the past 4 years, the highest Gross Margin % of ProFrac Holding was 29.67%. The lowest was -5.48%. And the median was 13.00%.

ACDC's Gross Margin % is ranked worse than
62.1% of 926 companies
in the Oil & Gas industry
Industry Median: 27.845 vs ACDC: 18.47

ProFrac Holding had a gross margin of 11.94% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for ProFrac Holding was 0.00% per year.

ProFrac Holding Gross Margin % Historical Data

The historical data trend for ProFrac Holding's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ProFrac Holding Gross Margin % Chart

ProFrac Holding Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Gross Margin %

-5.48

7.50

29.67

18.49

ProFrac Holding Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial								29.45	23.45	18.68	16.41	11.94

Competitive Comparison of ProFrac Holding's Gross Margin %

For the Oil & Gas Equipment & Services subindustry, ProFrac Holding's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ProFrac Holding's Gross Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, ProFrac Holding's Gross Margin % distribution charts can be found below:

* The bar in red indicates where ProFrac Holding's Gross Margin % falls into.

ProFrac Holding Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

ProFrac Holding's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	486.4	/	2630
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2630 - 2143.6)	/	2630
	=	18.49 %

ProFrac Holding's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	58.4	/	489.1
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(489.1 - 430.7)	/	489.1
	=	11.94 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

ProFrac Holding (NAS:ACDC) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

ProFrac Holding had a gross margin of 11.94% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

ProFrac Holding Gross Margin % Related Terms

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ProFrac Holding (ProFrac Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ProFrac Holding Corp (NAS:ACDC) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 Shops Boulevard, Suite 301, Willow Park, TX, USA, 76087

Website

https://www.profrac.com

ProFrac Holding Corp is engaged in providing hydraulic fracturing, completion services, and other complementary products and services to leading upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. Its operations are primarily focused in West Texas, East Texas/Louisiana, South Texas, Oklahoma, Uinta, and Appalachian. The company operates in three segments: stimulation services, manufacturing, and proppant production. Stimulation services, which generate the majority of the revenue for the company operate a fleet of mobile hydraulic fracturing units and other auxiliary equipment that generates revenue by providing stimulation services.

Executives

Thrc Holdings, Lp	director, 10 percent owner, other: Director by Deputization	17018 INTERSTATE 20, CISCO TX 76437
Farris Wilks	director, 10 percent owner, other: Director by Deputization	17018 INTERSTATE 20, CISCO TX 76437
Heather N Klein	officer: Chief Administrative Officer	C/O PROFRAC HOLDING CORP., 333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087
Robert J Willette	officer: Chief Legal Officer, Secretary	333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087
Matthew Wilks	director, officer: See Remarks	17010 IH-20, CISCO TX 76437
Johnathan Ladd Wilks	officer: Chief Executive Officer	17010 INTERSTATE 20, CISCO TX 76437
Phillip Blaine Wilbanks	officer: Chief Operating Officer	333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087
Matthew A Greenwood	officer: Chief Commercial Officer	C/O PROFRAC HOLDING CORP., 333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087
Sergei Krylov	director	6500 WEST FREEWAY, SUITE 800, FORT WORTH TX 76116
Stacy Durbin Nieuwoudt	director	20475 SH 249, SUITE 300, HOUSTON TX 77070
Gerald W Haddock	director	C/O ENSCO, 5847 SAN FELIPE, HOUSTON TX 77057
Theresa Glebocki	director	C/O TROPICANA ENTERTAINMENT INC., 8345 W. SUNSET ROAD, SUITE 200, LAS VEGAS NV 89113
Jo Ann Wilks	director, 10 percent owner, other: Director by Deputization	17018 IH-20, CISCO TX 76437
Farris & Jo Ann Wilks 2022 Family Trust	director, 10 percent owner, other: Director by Deputization	17018 IH-20, CISCO TX 76437
Randle James Coy Jr	officer: Chief Operating Officer	PO BOX 1966, PALESTINE TX 75802