Estados financieros detallados de ProFrac Holding Corp. (ACDC): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
ProFrac Holding Corp. registró ingresos de $1.94B en el último ejercicio fiscal, con un CAGR de 5 años del 28.8%.
Márgenes de los últimos 12 meses: margen bruto 4.6%, margen operativo -11.6%, margen neto -22.8%.
Al precio actual de $4.84, ACDC presenta beneficios negativos (P/E no significativo) y un ROE del -56.47%. La capitalización bursátil es de $876M.
Cuenta de Resultados (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $847.7M | $547.7M | $768.4M | $2.43B | $2.63B | $2.19B | $1.94B |
| Coste de Ventas | $673.6M | $577.7M | $710.8M | $1.72B | $2.18B | $1.94B | $1.87B |
| Beneficio Bruto | $174.1M | -$30.0M | $57.6M | $701.5M | $451.5M | $253.6M | $70.9M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | 0 | $48.2M | $64.2M | $225.0M | $233.6M | $204.6M | $190.5M |
| Gastos Operativos | $186.4M | $65.0M | $75.6M | $289.1M | $284.9M | $314.0M | $204.2M |
| Beneficio Operativo | -$12.3M | -$95.0M | -$18.0M | $412.4M | $166.6M | -$60.4M | -$133.3M |
| EBITDA | $135.6M | $56.0M | $122.8M | $678.6M | $535.3M | $384.0M | $186.7M |
| Gastos por Intereses | 0 | $23.3M | $25.8M | $59.5M | $154.9M | $156.6M | $138.8M |
| Beneficio Antes de Impuestos | -$38.0M | -$118.0M | -$43.7M | $351.8M | -$58.0M | -$214.8M | -$368.4M |
| Impuestos | $587000 | $500000 | -$200000 | $9.1M | $1.2M | -$7.0M | -$12.9M |
| Beneficio Neto | -$38.5M | -$2.2M | 0 | $91.5M | -$97.7M | -$215.1M | -$369.0M |
| BPA | $-0.99 | $-0.85 | $-1.06 | $1.69 | $-0.82 | $-1.38 | $-2.30 |
| BPA Diluido | $-0.99 | $-0.85 | $-1.06 | $1.69 | $-0.82 | $-1.38 | $-2.30 |
| Acciones en Circulación (Diluidas) | $39.0M | $140.2M | $140.2M | $54.0M | $130.9M | $160.1M | $160.1M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $403.1M | $436.5M | $449.6M | $498.1M |
| Beneficio Bruto | -$24.0M | -$2.5M | -$1.9M | $110.0M |
| Beneficio Operativo | -$78.8M | -$45.9M | -$45.5M | -$37.9M |
| EBITDA | $24.9M | -$2.0M | $50.7M | $59.1M |
| Beneficio Neto | -$100.9M | -$142.6M | -$83.5M | -$79.7M |
| BPA | $-0.60 | $-0.88 | $-0.52 | $-0.45 |
| BPA Diluido | $-0.60 | $-0.88 | $-0.52 | $-0.45 |
Balance (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $17.8M | $3.0M | $5.4M | $35.1M | $25.3M | $14.8M | $22.9M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $88.8M | $73.6M | $166.1M | $537.6M | $352.9M | $328.8M | $286.7M |
| Inventario | $55.9M | $56.6M | $74.0M | $249.5M | $236.6M | $201.1M | $151.3M |
| Activos Corrientes | $168.0M | $139.7M | $251.7M | $865.4M | $638.1M | $574.1M | $483.5M |
| Inmovilizado Material | $556.1M | $429.7M | $363.5M | $1.51B | $1.87B | $1.92B | $1.62B |
| Fondo de Comercio | 0 | 0 | 0 | $240.5M | $325.9M | $302.0M | $290.2M |
| Activos Intangibles | 0 | 0 | $27.8M | $203.1M | $173.5M | $148.9M | $111.8M |
| Activos Totales | $728.6M | $577.3M | $664.6M | $2.93B | $3.07B | $2.99B | $2.57B |
| Cuentas por Pagar | $94.5M | $94.9M | $136.7M | $339.4M | $340.9M | $324.3M | $299.3M |
| Deuda a Corto | $19.2M | $15.5M | $31.8M | $127.6M | $126.4M | $190.6M | $194.5M |
| Pasivos Corrientes | $163.9M | $140.2M | $246.7M | $683.9M | $648.9M | $660.0M | $597.4M |
| Deuda a Largo | $279.8M | $260.2M | $269.8M | $797.8M | $935.6M | $932.2M | $875.6M |
| Pasivos Totales | $443.8M | $400.5M | $516.5M | $1.58B | $1.74B | $1.91B | $1.69B |
| Reservas | 0 | 0 | 0 | -$1.19B | -$16.0M | -$235.9M | -$610.2M |
| Patrimonio Neto | $284.8M | $176.8M | $147.1M | -$1.18B | $1.27B | $1.01B | $786.3M |
| Deuda Total | $299.0M | $275.7M | $301.6M | $1.04B | $1.16B | $1.27B | $1.19B |
| Deuda Neta | $281.2M | $272.8M | $296.2M | $1.01B | $1.14B | $1.26B | $1.16B |
| Capital Circulante | $4.1M | -$546000 | $5.0M | $181.5M | -$10.8M | -$85.9M | -$113.9M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $58.0M | $22.9M | $33.5M | $18.8M |
| Activos Totales | $2.74B | $2.57B | $2.55B | $2.51B |
| Pasivos Totales | $1.79B | $1.76B | $1.77B | $1.79B |
| Patrimonio Neto | $862.0M | $717.5M | $687.4M | $614.0M |
| Deuda Total | $1.21B | $1.19B | $1.21B | $1.22B |
Flujo de Caja (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$38.5M | -$118.5M | -$43.5M | $342.7M | -$59.2M | -$207.8M | -$355.5M |
| Amortizaciones | $133.1M | 0 | $140.5M | $266.8M | $422.3M | $423.1M | $416.3M |
| Compensación en Acciones | 0 | 0 | 0 | $67.4M | $29.8M | $7.3M | $9.3M |
| Cambio en Capital Circulante | $37.2M | -$3.0M | -$64.5M | -$264.3M | $130.0M | $88.5M | $36.7M |
| Flujo de Caja Operativo | $145.4M | $45.1M | $43.9M | $415.2M | $553.5M | $367.3M | $189.5M |
| Inversiones (CapEx) | -$208.1M | -$48.0M | -$87.4M | -$356.2M | -$267.0M | -$255.0M | -$169.9M |
| Adquisiciones | 0 | -$1.3M | -$8.5M | -$697.9M | -$454.5M | -$194.4M | $5.8M |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$62.6M | -$2.9M | -$43.5M | $59.0M | $286.5M | $112.3M | $19.6M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $900000 | $49.5M | $9.3M | $22.9M |
| Inversiones (CapEx) | -$34.3M | -$36.6M | -$40.7M | -$31.7M |
| Flujo de Caja Libre | -$33.4M | $12.9M | -$31.4M | -$8.8M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | 0 | 0 | 0 | $3.4M |
Crecimiento y Márgenes (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | -35.4% | +40.3% | +215.7% | +8.4% | -16.7% | -11.4% |
| Crecimiento Beneficio Neto (anual) | | +94.3% | +100.0% | | -206.8% | -120.2% | -71.5% |
| Crecimiento BPA (anual) | | +14.1% | -24.7% | +259.4% | -148.5% | -68.3% | -66.7% |
| Cambio en Acciones (anual) | | +259.5% | +0.0% | -61.5% | +142.4% | +22.3% | +0.0% |
| Crecimiento FCF (anual) | | +95.4% | -1400.0% | +235.6% | +385.6% | -60.8% | -82.5% |
| Margen Bruto | 20.5% | -5.5% | 7.5% | 28.9% | 17.2% | 11.6% | 3.7% |
| Margen Operativo | -1.4% | -17.3% | -2.3% | 17.0% | 6.3% | -2.8% | -6.9% |
| Margen EBITDA | 16.0% | 10.2% | 16.0% | 28.0% | 20.4% | 17.5% | 9.6% |
| Margen Neto | -4.5% | -0.4% | 0.0% | 3.8% | -3.7% | -9.8% | -19.0% |
| Margen FCF | -7.4% | -0.5% | -5.7% | 2.4% | 10.9% | 5.1% | 1.0% |
| Tasa Impositiva Efectiva | -1.5% | -0.4% | 0.5% | 2.6% | -2.1% | 3.3% | 3.5% |
Datos por Acción (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-1.61 | $-0.02 | $-0.31 | $1.09 | $2.19 | $0.70 | $0.12 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $39.0M | $140.2M | $140.2M | $54.0M | $130.9M | $160.1M | $160.1M |
Qué mirar en empresas de Energy
- FCF yield (>8%) — Caja generada / capitalización. En energía el FCF importa más que el EPS.
- ROIC medio 5a (≥10%) — Incluir años buenos y malos para filtrar las realmente disciplinadas.
- FCF positivo en 8 de los últimos 10 años (≥8/10) — Nombres disciplinados (XOM, CVX, EOG) sobreviven los crashes de 2014-16 y 2020.
- Cobertura del dividendo (FCF / div) (≥1,2x) — Dividendo cubierto por FCF, no por deuda. <1x = recorte probable.
- Deuda Neta / EBITDA (<2x en pico) — Mirarlo con EBITDA en valle, no en pico.
- Capex / Ingresos (10-20% saludable) — Energía necesita reinversión agresiva para mantener reservas.
Rentabilidad
| Rentabilidad sobre capital | -56.47% |
| Rentabilidad sobre capital invertido | -9.90% |
| Rentabilidad sobre activos | -16.22% |
| Margen bruto | 4.57% |
| Margen operativo | -11.64% |
| Margen neto | -22.75% |
Salud financiera
| Deuda / Patrimonio | 1.98 |
| Ratio corriente | 0.84 |
Ratios Clave (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -18.29 | -21.31 | -17.08 | 14.91 | -10.34 | -5.62 | -1.69 |
| P/VC | 2.48 | 14.36 | 17.26 | -1.15 | 0.87 | 1.23 | 0.79 |
| P/V | 0.83 | 4.64 | 3.31 | 0.56 | 0.42 | 0.57 | 0.32 |
| Margen Bruto | 20.5% | -5.5% | 7.5% | 28.9% | 17.2% | 11.6% | 3.7% |
| Margen Operativo | -1.4% | -17.3% | -2.3% | 17.0% | 6.3% | -2.8% | -6.9% |
| Margen Neto | -4.5% | -0.4% | 0.0% | 3.8% | -3.7% | -9.8% | -19.0% |