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ProFrac vs Oceaneering International: revenue, profit, margins and growth compared

ProFrac brought in $1.9B of revenue in fiscal 2025, Oceaneering International $2.8B in fiscal 2025. Revenue changed by -11.4% at ProFrac and +4.6% at Oceaneering International on the year before, so Oceaneering International grew faster. ProFrac kept -19.0% of its revenue as net profit, Oceaneering International 12.7%. Free cash flow was $19.6M at ProFrac and $207.8M at Oceaneering International.

Side by side, latest fiscal year

ACDCOII
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.9B$2.8B
Revenue growth-11.4%+4.6%
Net income-$369M$353.8M
Net margin-19.0%12.7%
Free cash flow$19.6M$207.8M
Free cash flow margin1.0%7.5%
Earnings per share (diluted)-$2.22$3.49
Cash$22.9M$688.9M
Debt$832.7M$487.4M
Price to earningsn/a13.3
Market value$838.7M$4.6B
Dividend yieldn/an/a
Rank by revenue in sector#59 of 129 · Energy#48 of 129 · Energy

Over the years

Revenue
ACDC FY2020: $547.7MACDC FY2022: $768.4MACDC FY2022: $2.4BACDC FY2023: $2.6BACDC FY2024: $2.2BACDC FY2025: $1.9BOII FY2018: $1.9BOII FY2019: $2BOII FY2020: $1.8BOII FY2021: $1.9BOII FY2022: $2.1BOII FY2023: $2.4BOII FY2024: $2.7BOII FY2025: $2.8BFY18FY19FY20FY21FY22FY23FY24FY25
ACDC $1.9BOII $2.8B
Net income
ACDC FY2020: -$118.5MACDC FY2022: -$42.4MACDC FY2022: $91.5MACDC FY2023: -$97.7MACDC FY2024: -$215.1MACDC FY2025: -$369MOII FY2018: -$212.3MOII FY2019: -$348.4MOII FY2020: -$496.8MOII FY2021: -$49.3MOII FY2022: $25.9MOII FY2023: $97.4MOII FY2024: $147.5MOII FY2025: $353.8MFY18FY19FY20FY21FY22FY23FY24FY25
ACDC -$369MOII $353.8M
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%OII FY2018: -11.1%OII FY2019: -17.0%OII FY2020: -27.2%OII FY2021: -2.6%OII FY2022: 1.3%OII FY2023: 4.0%OII FY2024: 5.5%OII FY2025: 12.7%FY18FY19FY20FY21FY22FY23FY24FY25
ACDC -19.0%OII 12.7%
Revenue growth
ACDC FY2022: +40.3%ACDC FY2022: +215.7%ACDC FY2023: +8.4%ACDC FY2024: -16.7%ACDC FY2025: -11.4%OII FY2019: +7.3%OII FY2020: -10.8%OII FY2021: +2.3%OII FY2022: +10.5%OII FY2023: +17.4%OII FY2024: +9.8%OII FY2025: +4.6%FY19FY20FY21FY22FY23FY24FY25
ACDC -11.4%OII +4.6%
Free cash flow
ACDC FY2020: -$2.9MACDC FY2022: -$43.5MACDC FY2022: $59MACDC FY2023: $286.5MACDC FY2024: $112.3MACDC FY2025: $19.6MOII FY2018: -$72.9MOII FY2019: $9.9MOII FY2020: $76MOII FY2021: $175.1MOII FY2022: $39.8MOII FY2023: $109.2MOII FY2024: $96.1MOII FY2025: $207.8MFY18FY19FY20FY21FY22FY23FY24FY25
ACDC $19.6MOII $207.8M

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

Questions about ProFrac and Oceaneering International

Which is bigger by revenue, ProFrac or Oceaneering International?

Oceaneering International is bigger by revenue: $2.8B in fiscal 2025, against $1.9B for ProFrac in fiscal 2025.

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

ProFrac had a net margin of -19.0% in fiscal 2025; Oceaneering International had 12.7% in fiscal 2025.

Which grew revenue faster, ProFrac or Oceaneering International?

In their latest fiscal years revenue changed by -11.4% at ProFrac and +4.6% at Oceaneering International.

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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