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ProFrac Holding vs National Energy Services Reunited: ACDC and NESR compared
ProFrac Holding is the larger company: $511M of revenue in its latest quarter (Q3 2026) against $505M for National Energy Services Reunited (Q3 2026). National Energy Services Reunited is growing faster (+71% against +27% a year earlier). National Energy Services Reunited is more profitable, with an operating margin of 10.4% against -6.7%.
Where the money goes: ACDC and NESR
ProFrac Holding (ACDC) · Q3 2026
ProFrac Holding, Q3 2026: revenue $511M (+27% year over year), operating margin -6.7%, net loss $74.0M, operating cash flow $51.1M. The chart follows the revenue to costs, profit and cash.
National Energy Services Reunited (NESR) · Q3 2026
National Energy Services Reunited, Q3 2026: revenue $505M (+71% year over year), operating margin 10.4%, net earnings $34.3M, operating cash flow −$3.2M. The chart follows the revenue to costs, profit and cash.
| ProFrac Holding (ACDC) | National Energy Services Reunited (NESR) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $511M | $505M |
| Revenue growth, Y/Y | +27% | +71% |
| Gross margin | — | 13.7% |
| Operating margin | -6.7% | 10.4% |
| Net earnings | −$74.0M | $34.3M |
| Net margin | -14.5% | 6.8% |
| Operating cash flow | $51.1M | −$3.2M |
| Free cash flow | $13.5M | — |
| Market value | $547M | $2.1B |
| P/E | — | 22.1× |
| Analysts’ mean target | $5.49 | $40.67 |
Where the revenue comes from
ProFrac Holding
- Service: $432M (84%)
- Product: $79.6M (16%)
National Energy Services Reunited
- Production Services: $313M (62%)
- Drilling and Evaluation Services: $192M (38%)
Questions
Which is bigger, ProFrac Holding or National Energy Services Reunited?
ProFrac Holding is the larger company: $511M of revenue in its latest quarter (Q3 2026) against $505M for National Energy Services Reunited (Q3 2026).
Is ProFrac Holding or National Energy Services Reunited growing faster?
National Energy Services Reunited is growing faster (+71% against +27% a year earlier).
Which is more profitable, ProFrac Holding or National Energy Services Reunited?
National Energy Services Reunited is more profitable, with an operating margin of 10.4% against -6.7%.
More: ProFrac Holding earnings · how ProFrac Holding makes money · National Energy Services Reunited earnings · how National Energy Services Reunited makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 9, 2026). Fiscal quarters can end on different dates. Not investment advice.