What does stimulation services — goodwill impairment mean?

The charge recognized when the carrying value of goodwill associated with the stimulation services segment exceeds its implied fair value. This metric signals a potential decline in the long-term economic prospects or competitive position of the acquired assets within the segment.

ProFrac Holding Corp. (ACDC) Stimulation Services — Goodwill Impairment

Screener

Other segment segments

Manufacturing

$11.2M—

All Other Segments

$0—

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Other financials

Income statement

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Revenue$498.1M-0.8%

Gross profit$110.0M-13.5%

Operating income-$37.9M+34.7%

Net income-$79.7M+26.2%

EPS (diluted)-$0.45+33.8%

Balance sheet

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Cash & equivalents$18.8M-27.7%

Total debt$1.2B-3.7%

Total equity$542.5M-38.0%

Total assets$2.5B-11.4%

Cash flow

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Operating cash flow$22.9M-76.3%

CapEx$31.7M-25.9%

Free cash flow-$8.8M-116%

Valuation

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Market cap$786.77M-19.4%

Enterprise value$1.94B-10.5%

P/S0.4×0.0×

Profitability

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Gross margin21.5%-7.1pp

Operating margin-15%-25.5pp

Net margin-22.8%+72.0pp

FCF margin3.8%-3.0pp

Returns & leverage

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Return on equity-57.4%-609pp

Debt / equity2.2×+0.8×

Current ratio0.8×-0.1×

Where this comes from

Reported directly by ProFrac Holding Corp. in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The source filing: ProFrac Holding Corp.’s 10-K, filed March 13, 2026.

Filed: Mar 13, 2026, 4:07 PM EDT
Fiscal year: FY2025
Accession: 0001193125-26-106120

Line item	Stimulation Services	Proppant Production	Manufacturing	Other	Total
Balance, December 31, 2024	$209.1	—	$11.2	$81.7	$302.0
Impairment of goodwill	—	—	(11.2)	—	(11.2)
Measurement period adjustments	(0.6)	—	—	—	(0.6)
Balance, December 31, 2025	$208.5	—	—	$81.7	$290.2

Item 8. Financial Statements and Supplementary Data

FAQ

What is ProFrac Holding Corp.'s stimulation services — goodwill impairment?: ProFrac Holding Corp. (ACDC) reported stimulation services — goodwill impairment of $0 in Q4 2025.
What does stimulation services — goodwill impairment mean?: The charge recognized when the carrying value of goodwill associated with the stimulation services segment exceeds its implied fair value. This metric signals a potential decline in the long-term economic prospects or competitive position of the acquired assets within the segment.