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ProFrac vs Halliburton: revenue, profit, margins and growth compared

ProFrac brought in $1.9B of revenue in fiscal 2025, Halliburton $22.2B in fiscal 2025. Revenue changed by -11.4% at ProFrac and -3.3% at Halliburton on the year before, so Halliburton grew faster. ProFrac kept -19.0% of its revenue as net profit, Halliburton 5.8%. Free cash flow was $19.6M at ProFrac and $1.7B at Halliburton.

Side by side, latest fiscal year

ACDCHAL
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.9B$22.2B
Revenue growth-11.4%-3.3%
Net income-$369M$1.3B
Net margin-19.0%5.8%
Free cash flow$19.6M$1.7B
Free cash flow margin1.0%7.5%
Earnings per share (diluted)-$2.22n/a
Cash$22.9M$2.2B
Debt$832.7M$7.2B
Price to earningsn/an/a
Market value$838.7M$27.3B
Dividend yieldn/an/a
Rank by revenue in sector#59 of 129 · Energy#16 of 129 · Energy

Over the years

Revenue
ACDC FY2020: $547.7MACDC FY2022: $768.4MACDC FY2022: $2.4BACDC FY2023: $2.6BACDC FY2024: $2.2BACDC FY2025: $1.9BHAL FY2018: $24BHAL FY2019: $22.4BHAL FY2020: $14.4BHAL FY2021: $15.3BHAL FY2022: $20.3BHAL FY2023: $23BHAL FY2024: $22.9BHAL FY2025: $22.2BFY18FY19FY20FY21FY22FY23FY24FY25
ACDC $1.9BHAL $22.2B
Net income
ACDC FY2020: -$118.5MACDC FY2022: -$42.4MACDC FY2022: $91.5MACDC FY2023: -$97.7MACDC FY2024: -$215.1MACDC FY2025: -$369MHAL FY2018: $1.7BHAL FY2019: -$1.1BHAL FY2020: -$2.9BHAL FY2021: $1.5BHAL FY2022: $1.6BHAL FY2023: $2.6BHAL FY2024: $2.5BHAL FY2025: $1.3BFY18FY19FY20FY21FY22FY23FY24FY25
ACDC -$369MHAL $1.3B
Net margin
ACDC FY2020: -21.6%ACDC FY2022: -5.5%ACDC FY2022: 3.8%ACDC FY2023: -3.7%ACDC FY2024: -9.8%ACDC FY2025: -19.0%HAL FY2018: 6.9%HAL FY2019: -5.0%HAL FY2020: -20.4%HAL FY2021: 9.5%HAL FY2022: 7.7%HAL FY2023: 11.5%HAL FY2024: 10.9%HAL FY2025: 5.8%FY18FY19FY20FY21FY22FY23FY24FY25
ACDC -19.0%HAL 5.8%
Revenue growth
ACDC FY2022: +40.3%ACDC FY2022: +215.7%ACDC FY2023: +8.4%ACDC FY2024: -16.7%ACDC FY2025: -11.4%HAL FY2019: -6.6%HAL FY2020: -35.5%HAL FY2021: +5.9%HAL FY2022: +32.7%HAL FY2023: +13.4%HAL FY2024: -0.3%HAL FY2025: -3.3%FY19FY20FY21FY22FY23FY24FY25
ACDC -11.4%HAL -3.3%
Free cash flow
ACDC FY2020: -$2.9MACDC FY2022: -$43.5MACDC FY2022: $59MACDC FY2023: $286.5MACDC FY2024: $112.3MACDC FY2025: $19.6MHAL FY2018: $1.1BHAL FY2019: $915MHAL FY2020: $1.2BHAL FY2021: $1.1BHAL FY2022: $1.2BHAL FY2023: $2.1BHAL FY2024: $2.4BHAL FY2025: $1.7BFY18FY19FY20FY21FY22FY23FY24FY25
ACDC $19.6MHAL $1.7B

Fiscal years as each company reports them; the two may end in different months.

Questions about ProFrac and Halliburton

Which is bigger by revenue, ProFrac or Halliburton?

Halliburton is bigger by revenue: $22.2B in fiscal 2025, against $1.9B for ProFrac in fiscal 2025.

Which keeps more of its revenue as profit, ProFrac or Halliburton?

ProFrac had a net margin of -19.0% in fiscal 2025; Halliburton had 5.8% in fiscal 2025.

Which grew revenue faster, ProFrac or Halliburton?

In their latest fiscal years revenue changed by -11.4% at ProFrac and -3.3% at Halliburton.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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