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Side-by-side financial comparison of ProFrac Holding Corp. (ACDC) and CSG SYSTEMS INTERNATIONAL INC (CSGS). Click either name above to swap in a different company.

ProFrac Holding Corp. is the larger business by last-quarter revenue ($436.5M vs $323.1M, roughly 1.4× CSG SYSTEMS INTERNATIONAL INC). CSG SYSTEMS INTERNATIONAL INC runs the higher net margin — 2.2% vs -33.2%, a 35.3% gap on every dollar of revenue. On growth, CSG SYSTEMS INTERNATIONAL INC posted the faster year-over-year revenue change (2.0% vs -4.0%). CSG SYSTEMS INTERNATIONAL INC produced more free cash flow last quarter ($55.8M vs $12.9M). Over the past eight quarters, CSG SYSTEMS INTERNATIONAL INC's revenue compounded faster (4.6% CAGR vs -13.4%).

ProFrac Holding Corp. is a leading North American energy services firm that provides hydraulic fracturing, well completion, and associated support services to upstream oil and gas exploration and production operators. It primarily serves clients active across major onshore shale and conventional hydrocarbon production basins in the U.S. and Canada.

CSG Holding Limited, formerly China Southern Glass Holding Limited, is the largest architectural glass manufacturer in China. It is involved in manufacturing and selling glass products, such as float glass, architectural glass, display glass, automotive glass, coated glass, mirrors, color filter glass, solar glass and conservation glass.

ACDC vs CSGS — Head-to-Head

Bigger by revenue
ACDC
ACDC
1.4× larger
ACDC
$436.5M
$323.1M
CSGS
Growing faster (revenue YoY)
CSGS
CSGS
+6.0% gap
CSGS
2.0%
-4.0%
ACDC
Higher net margin
CSGS
CSGS
35.3% more per $
CSGS
2.2%
-33.2%
ACDC
More free cash flow
CSGS
CSGS
$42.9M more FCF
CSGS
$55.8M
$12.9M
ACDC
Faster 2-yr revenue CAGR
CSGS
CSGS
Annualised
CSGS
4.6%
-13.4%
ACDC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ACDC
ACDC
CSGS
CSGS
Revenue
$436.5M
$323.1M
Net Profit
$-144.7M
$7.0M
Gross Margin
50.0%
Operating Margin
-24.9%
9.0%
Net Margin
-33.2%
2.2%
Revenue YoY
-4.0%
2.0%
Net Profit YoY
-37.8%
-79.7%
EPS (diluted)
$-0.83
$0.24

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ACDC
ACDC
CSGS
CSGS
Q4 25
$436.5M
$323.1M
Q3 25
$403.1M
$303.6M
Q2 25
$501.9M
$297.1M
Q1 25
$600.3M
$299.5M
Q4 24
$454.7M
$316.7M
Q3 24
$575.3M
$295.1M
Q2 24
$579.4M
$290.3M
Q1 24
$581.5M
$295.1M
Net Profit
ACDC
ACDC
CSGS
CSGS
Q4 25
$-144.7M
$7.0M
Q3 25
$-100.9M
$20.5M
Q2 25
$-105.9M
$12.3M
Q1 25
$-17.5M
$16.1M
Q4 24
$-105.0M
$34.5M
Q3 24
$-45.2M
$19.1M
Q2 24
$-66.7M
$13.8M
Q1 24
$1.8M
$19.5M
Gross Margin
ACDC
ACDC
CSGS
CSGS
Q4 25
50.0%
Q3 25
48.1%
Q2 25
49.5%
Q1 25
48.4%
Q4 24
51.3%
Q3 24
49.4%
Q2 24
47.3%
Q1 24
46.5%
Operating Margin
ACDC
ACDC
CSGS
CSGS
Q4 25
-24.9%
9.0%
Q3 25
-19.5%
10.0%
Q2 25
-10.8%
10.0%
Q1 25
2.7%
9.8%
Q4 24
-10.3%
13.4%
Q3 24
-0.7%
10.8%
Q2 24
-8.5%
8.8%
Q1 24
6.9%
10.8%
Net Margin
ACDC
ACDC
CSGS
CSGS
Q4 25
-33.2%
2.2%
Q3 25
-25.0%
6.7%
Q2 25
-21.1%
4.1%
Q1 25
-2.9%
5.4%
Q4 24
-23.1%
10.9%
Q3 24
-7.9%
6.5%
Q2 24
-11.5%
4.8%
Q1 24
0.3%
6.6%
EPS (diluted)
ACDC
ACDC
CSGS
CSGS
Q4 25
$-0.83
$0.24
Q3 25
$-0.60
$0.73
Q2 25
$-0.67
$0.44
Q1 25
$-0.12
$0.57
Q4 24
$-0.67
$1.20
Q3 24
$-0.29
$0.67
Q2 24
$-0.42
$0.48
Q1 24
$0.00
$0.68

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACDC
ACDC
CSGS
CSGS
Cash + ST InvestmentsLiquidity on hand
$22.9M
$180.0M
Total DebtLower is stronger
$832.7M
$539.5M
Stockholders' EquityBook value
$717.5M
$283.7M
Total Assets
$2.6B
$1.5B
Debt / EquityLower = less leverage
1.16×
1.90×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACDC
ACDC
CSGS
CSGS
Q4 25
$22.9M
$180.0M
Q3 25
$58.0M
$158.4M
Q2 25
$26.0M
$145.9M
Q1 25
$16.0M
$136.0M
Q4 24
$14.8M
$161.8M
Q3 24
$25.5M
$118.4M
Q2 24
$24.0M
$110.4M
Q1 24
$28.3M
$120.8M
Total Debt
ACDC
ACDC
CSGS
CSGS
Q4 25
$832.7M
$539.5M
Q3 25
$907.0M
$538.6M
Q2 25
$941.9M
$537.8M
Q1 25
$967.9M
$537.6M
Q4 24
$936.1M
$538.5M
Q3 24
$986.7M
$539.5M
Q2 24
$1.0B
$540.5M
Q1 24
$895.1M
$541.5M
Stockholders' Equity
ACDC
ACDC
CSGS
CSGS
Q4 25
$717.5M
$283.7M
Q3 25
$862.0M
$289.5M
Q2 25
$875.5M
$290.7M
Q1 25
$988.1M
$283.1M
Q4 24
$1.0B
$282.6M
Q3 24
$1.1B
$288.4M
Q2 24
$1.1B
$273.3M
Q1 24
$1.2B
$269.3M
Total Assets
ACDC
ACDC
CSGS
CSGS
Q4 25
$2.6B
$1.5B
Q3 25
$2.7B
$1.5B
Q2 25
$2.8B
$1.4B
Q1 25
$3.0B
$1.4B
Q4 24
$3.0B
$1.5B
Q3 24
$3.1B
$1.4B
Q2 24
$3.2B
$1.4B
Q1 24
$3.0B
$1.3B
Debt / Equity
ACDC
ACDC
CSGS
CSGS
Q4 25
1.16×
1.90×
Q3 25
1.05×
1.86×
Q2 25
1.08×
1.85×
Q1 25
0.98×
1.90×
Q4 24
0.93×
1.91×
Q3 24
0.90×
1.87×
Q2 24
0.88×
1.98×
Q1 24
0.74×
2.01×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACDC
ACDC
CSGS
CSGS
Operating Cash FlowLast quarter
$49.5M
$59.2M
Free Cash FlowOCF − Capex
$12.9M
$55.8M
FCF MarginFCF / Revenue
3.0%
17.3%
Capex IntensityCapex / Revenue
8.4%
1.1%
Cash ConversionOCF / Net Profit
8.46×
TTM Free Cash FlowTrailing 4 quarters
$19.6M
$141.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACDC
ACDC
CSGS
CSGS
Q4 25
$49.5M
$59.2M
Q3 25
$900.0K
$47.9M
Q2 25
$100.4M
$37.3M
Q1 25
$38.7M
$11.5M
Q4 24
$76.5M
$82.5M
Q3 24
$98.2M
$39.5M
Q2 24
$113.5M
$43.1M
Q1 24
$79.1M
$-29.4M
Free Cash Flow
ACDC
ACDC
CSGS
CSGS
Q4 25
$12.9M
$55.8M
Q3 25
$-33.4M
$43.9M
Q2 25
$53.9M
$34.6M
Q1 25
$-13.8M
$7.1M
Q4 24
$13.3M
$76.6M
Q3 24
$28.2M
$32.0M
Q2 24
$51.6M
$38.8M
Q1 24
$19.2M
$-34.1M
FCF Margin
ACDC
ACDC
CSGS
CSGS
Q4 25
3.0%
17.3%
Q3 25
-8.3%
14.5%
Q2 25
10.7%
11.6%
Q1 25
-2.3%
2.4%
Q4 24
2.9%
24.2%
Q3 24
4.9%
10.8%
Q2 24
8.9%
13.4%
Q1 24
3.3%
-11.6%
Capex Intensity
ACDC
ACDC
CSGS
CSGS
Q4 25
8.4%
1.1%
Q3 25
8.5%
1.3%
Q2 25
9.3%
0.9%
Q1 25
8.7%
1.5%
Q4 24
13.9%
1.9%
Q3 24
12.2%
2.5%
Q2 24
10.7%
1.5%
Q1 24
10.3%
1.6%
Cash Conversion
ACDC
ACDC
CSGS
CSGS
Q4 25
8.46×
Q3 25
2.34×
Q2 25
3.04×
Q1 25
0.71×
Q4 24
2.39×
Q3 24
2.07×
Q2 24
3.12×
Q1 24
43.94×
-1.51×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ACDC
ACDC

Services$385.6M88%
Products$50.9M12%

CSGS
CSGS

Software As A Service And Related Solutions$287.2M89%
License And Service$22.6M7%
Maintenance$13.3M4%

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