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Side-by-side financial comparison of ProPetro Holding Corp. (PUMP) and Victory Capital Holdings, Inc. (VCTR). Click either name above to swap in a different company.

Victory Capital Holdings, Inc. is the larger business by last-quarter revenue ($374.1M vs $289.7M, roughly 1.3× ProPetro Holding Corp.). On growth, Victory Capital Holdings, Inc. posted the faster year-over-year revenue change (61.0% vs -9.6%). Victory Capital Holdings, Inc. produced more free cash flow last quarter ($144.5M vs $16.8M). Over the past eight quarters, Victory Capital Holdings, Inc.'s revenue compounded faster (31.7% CAGR vs -15.5%).

ProPetro Holding Corp. is a leading U.S.-based oilfield services provider. It offers hydraulic fracturing, well completion and related supporting services primarily to onshore oil and gas exploration and production operators, with core operations concentrated in the Permian Basin spanning Texas and New Mexico.

Victory Capital Holdings, Inc. is an American financial services company headquartered in San Antonio, Texas that focuses on investment management. Outside the US, it also has investment professionals in London, Hong Kong and Singapore.

PUMP vs VCTR — Head-to-Head

Bigger by revenue
VCTR
VCTR
1.3× larger
VCTR
$374.1M
$289.7M
PUMP
Growing faster (revenue YoY)
VCTR
VCTR
+70.6% gap
VCTR
61.0%
-9.6%
PUMP
More free cash flow
VCTR
VCTR
$127.7M more FCF
VCTR
$144.5M
$16.8M
PUMP
Faster 2-yr revenue CAGR
VCTR
VCTR
Annualised
VCTR
31.7%
-15.5%
PUMP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PUMP
PUMP
VCTR
VCTR
Revenue
$289.7M
$374.1M
Net Profit
$112.8M
Gross Margin
Operating Margin
2.1%
40.9%
Net Margin
30.2%
Revenue YoY
-9.6%
61.0%
Net Profit YoY
46.6%
EPS (diluted)
$0.01
$1.33

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
PUMP
PUMP
VCTR
VCTR
Q4 25
$289.7M
$374.1M
Q3 25
$293.9M
$361.2M
Q2 25
$326.2M
$351.2M
Q1 25
$359.4M
$219.6M
Q4 24
$320.6M
$232.4M
Q3 24
$360.9M
$225.6M
Q2 24
$357.0M
$219.6M
Q1 24
$405.8M
$215.9M
Net Profit
PUMP
PUMP
VCTR
VCTR
Q4 25
$112.8M
Q3 25
$-2.4M
$96.5M
Q2 25
$-7.2M
$58.7M
Q1 25
$9.6M
$62.0M
Q4 24
$76.9M
Q3 24
$-137.1M
$82.0M
Q2 24
$-3.7M
$74.3M
Q1 24
$19.9M
$55.7M
Operating Margin
PUMP
PUMP
VCTR
VCTR
Q4 25
2.1%
40.9%
Q3 25
-2.1%
38.2%
Q2 25
-1.0%
26.8%
Q1 25
2.6%
42.3%
Q4 24
-5.8%
48.1%
Q3 24
-49.4%
53.3%
Q2 24
-0.1%
50.4%
Q1 24
7.5%
39.3%
Net Margin
PUMP
PUMP
VCTR
VCTR
Q4 25
30.2%
Q3 25
-0.8%
26.7%
Q2 25
-2.2%
16.7%
Q1 25
2.7%
28.2%
Q4 24
33.1%
Q3 24
-38.0%
36.3%
Q2 24
-1.0%
33.8%
Q1 24
4.9%
25.8%
EPS (diluted)
PUMP
PUMP
VCTR
VCTR
Q4 25
$0.01
$1.33
Q3 25
$-0.02
$1.11
Q2 25
$-0.07
$0.68
Q1 25
$0.09
$0.96
Q4 24
$-0.14
$1.18
Q3 24
$-1.32
$1.24
Q2 24
$-0.03
$1.12
Q1 24
$0.18
$0.84

Balance Sheet & Financial Strength

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

Metric
PUMP
PUMP
VCTR
VCTR
Cash + ST InvestmentsLiquidity on hand
$91.3M
$163.7M
Total DebtLower is stronger
$970.0M
Stockholders' EquityBook value
$829.8M
$2.4B
Total Assets
$1.3B
$4.2B
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PUMP
PUMP
VCTR
VCTR
Q4 25
$91.3M
$163.7M
Q3 25
$76.7M
$115.7M
Q2 25
$83.0M
$107.9M
Q1 25
$71.4M
$175.6M
Q4 24
$58.3M
$126.7M
Q3 24
$54.0M
$188.2M
Q2 24
$74.7M
$119.0M
Q1 24
$53.6M
$79.9M
Total Debt
PUMP
PUMP
VCTR
VCTR
Q4 25
$970.0M
Q3 25
$972.0M
Q2 25
$965.7M
Q1 25
$964.8M
Q4 24
$963.9M
Q3 24
$982.7M
Q2 24
$981.7M
Q1 24
$990.2M
Stockholders' Equity
PUMP
PUMP
VCTR
VCTR
Q4 25
$829.8M
$2.4B
Q3 25
$826.2M
$2.4B
Q2 25
$824.0M
$2.5B
Q1 25
$826.5M
$1.1B
Q4 24
$816.3M
$1.1B
Q3 24
$833.0M
$1.2B
Q2 24
$975.8M
$1.1B
Q1 24
$998.2M
$1.1B
Total Assets
PUMP
PUMP
VCTR
VCTR
Q4 25
$1.3B
$4.2B
Q3 25
$1.3B
$4.2B
Q2 25
$1.2B
$4.2B
Q1 25
$1.2B
$2.6B
Q4 24
$1.2B
$2.5B
Q3 24
$1.3B
$2.6B
Q2 24
$1.5B
$2.5B
Q1 24
$1.2B
$2.5B
Debt / Equity
PUMP
PUMP
VCTR
VCTR
Q4 25
0.40×
Q3 25
0.41×
Q2 25
0.39×
Q1 25
0.84×
Q4 24
0.86×
Q3 24
0.84×
Q2 24
0.87×
Q1 24
0.92×

Cash Flow & Capital Efficiency

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

Metric
PUMP
PUMP
VCTR
VCTR
Operating Cash FlowLast quarter
$81.0M
$145.1M
Free Cash FlowOCF − Capex
$16.8M
$144.5M
FCF MarginFCF / Revenue
5.8%
38.6%
Capex IntensityCapex / Revenue
22.2%
0.2%
Cash ConversionOCF / Net Profit
1.29×
TTM Free Cash FlowTrailing 4 quarters
$45.3M
$381.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PUMP
PUMP
VCTR
VCTR
Q4 25
$81.0M
$145.1M
Q3 25
$41.7M
$165.9M
Q2 25
$54.2M
$-6.6M
Q1 25
$54.7M
$81.1M
Q4 24
$37.9M
$91.8M
Q3 24
$34.7M
$99.8M
Q2 24
$104.9M
$79.7M
Q1 24
$74.8M
$68.7M
Free Cash Flow
PUMP
PUMP
VCTR
VCTR
Q4 25
$16.8M
$144.5M
Q3 25
$-2.4M
$164.8M
Q2 25
$17.1M
$-7.5M
Q1 25
$13.8M
$79.5M
Q4 24
$10.0M
$91.7M
Q3 24
$-6.0M
$99.4M
Q2 24
$67.7M
$79.5M
Q1 24
$40.2M
$68.2M
FCF Margin
PUMP
PUMP
VCTR
VCTR
Q4 25
5.8%
38.6%
Q3 25
-0.8%
45.6%
Q2 25
5.2%
-2.1%
Q1 25
3.8%
36.2%
Q4 24
3.1%
39.4%
Q3 24
-1.7%
44.0%
Q2 24
19.0%
36.2%
Q1 24
9.9%
31.6%
Capex Intensity
PUMP
PUMP
VCTR
VCTR
Q4 25
22.2%
0.2%
Q3 25
15.0%
0.3%
Q2 25
11.4%
0.3%
Q1 25
11.4%
0.7%
Q4 24
8.7%
0.1%
Q3 24
11.3%
0.2%
Q2 24
10.4%
0.1%
Q1 24
8.5%
0.2%
Cash Conversion
PUMP
PUMP
VCTR
VCTR
Q4 25
1.29×
Q3 25
1.72×
Q2 25
-0.11×
Q1 25
5.70×
1.31×
Q4 24
1.19×
Q3 24
1.22×
Q2 24
1.07×
Q1 24
3.75×
1.23×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PUMP
PUMP

Hydraulic Fracturing Segment$203.9M70%
Wireline Operating Segment$55.4M19%
Cementing Operating Segment$29.6M10%

VCTR
VCTR

Investment Management Fees$301.4M81%
Fund Administration And Distribution Fees$72.8M19%

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