Profrac Holding vs Cactus
Profrac Holding is the larger business, with $1.94bn of revenue in fiscal 2025 against $1.08bn for Cactus (1.8 times as much). Cactus grew faster (-4.5% against -11.4%). Cactus kept more of each dollar of sales as profit: a net margin of 15.4% against -19.0%.
| Latest fiscal year | Profrac HoldingACDC, 2025 | CactusWHD, 2025 |
|---|---|---|
| Revenue | $1.94bn | $1.08bn |
| Revenue growth | -11.4% | -4.5% |
| Net income | −$369m | $166m |
| Operating margin | -11.6% | — |
| Net margin | -19.0% | 15.4% |
| Return on equity | -42.8% | 14.5% |
| Free cash flow | $19.6m | — |
| Cash | $22.9m | $124m |
| Total debt | $1.05bn | $0 |
| Debt to equity | 146.1% | — |
| Dividend per share | — | — |
| Dividend yield | — | 0.9% |
| Share buybacks | — | $5.9m |
| Employees | — | 1,500 |
| Market value | $767m | $4.33bn |
| Price vs our value range | Below our value range | — |
| Moat score | 30 (Weak) | 86 (Strong) |
| Insider trades, 12 months | 10 buys, 0 sales | 0 buys, 22 sales |