Credit and interest ratesmixed · 4 filings
“This change was primarily due to increased borrowings to fund our acquisitions in 2024.”10-Q · Nov 10, 2025 ↗
ProFrac Holding Corp.
ACDC
Market read
ProFrac Holding Corp.'s move is being confirmed by its market group.
No new filing conclusion is available. 3 of 11 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 16 directly disclosed connections are confirming.
Company+0.0% todayVolume comparison unavailable
Market group3 of 11 activeOil & Gas · inactive
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- At least 8 of 11 durable members become active together.
- Capital-flow agreement rises above 55%.
- A filing-linked outsider such as AM begins moving with the group.
Invalidation: The live read weakens if participation falls to 3 of 11 members or fewer.
Research brief
The story so far
No new filing conclusion is available. 3 of 11 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 16 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- At least 8 of 11 durable members become active together.
- Capital-flow agreement rises above 55%.
- A filing-linked outsider such as AM begins moving with the group.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods6
Price observations320
Usable filing statements89
Verified relationships13
Evidence supporting the case
No qualifying supportive evidence was identified.
Evidence challenging the case
- Latest annual revenue changed -11.4% year over year.
- Operating margin changed -8.9 percentage points in the latest annual period.
- Net margin changed -9.2 percentage points in the latest annual period.
- Diluted shares increased 5.3% in the latest annual period.
- Credit and interest rates has repeated adverse evidence across 4 filings.
- Demand and volume has repeated adverse evidence across 4 filings.
- Input and raw-material costs has repeated adverse evidence across 4 filings.
- Labor availability and costs has repeated adverse evidence across 4 filings.
Questions before a position
No credible peer-relative valuation comparison is available yet.
Longer-term price context
Price as of Sep 11, 2026
5.206m+0.6%12m+22.9%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$768.4M+40.3%——
2022-12-31$2.4B+215.7%$2.06—
2023-12-31$2.6B+8.4%$-0.82—
2024-12-31$2.2B-16.7%$-1.38+22.2%
2025-12-31$1.9B-11.4%$-2.22+5.3%
What management says matters
Persistent and emerging business drivers
Demand and volumenegative · 4 filings
“The decrease was due to decreased intercompany demand for manufacturing products.”10-Q · May 8, 2026 ↗
Input and raw-material costsnegative · 4 filings
“The decrease was primarily due to lower labor and non-labor costs resulting from cost control measures.”10-Q · May 8, 2026 ↗
Labor availability and costsnegative · 4 filings
“The decrease was primarily due to lower labor and non-labor costs resulting from cost control measures.”10-Q · May 8, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 0.5× · EV/sales 0.9×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
5.20+0.0% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for ACDC. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for ACDC. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind ACDC
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
FTKFlotek Industries, Inc.supplierMar 13, 2026 ▾
“2025 Developments In April 2025, Flotek acquired certain gas conditioning equipment from our Stimulation Services segment for total consideration of $107.5 million and our Stimulation Services segment leased these assets back from Flotek for a six year term.”
LVWRFiling-linked namecustomerMar 13, 2026 ▾
“In May 2024, the Company formed a new entity, Livewire Power, LLC (“Livewire”), which began operations in October 2024.”
Depended on by
PUMPProPetro Holding Corp.competitorOct 30, 2025 ▾
“As a result of the AquaProp Acquisition, we expanded our business to include wet sand services.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 15 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
ACDC is currently a Participant in the organic co-movement group Oil & Gas. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.