REIRing Energy, Inc.
Is the business good?
Margins compressing. That is the only one of 4 checks this filer's data supports, so take it as a single data point rather than a settled answer.
Operating margin has narrowed over the past few years, profitability per dollar of sales is eroding.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is REI?
Ring Energy, Inc. keeps −53% of every revenue dollar as operating profit, against 25% for the median Oil & Gas E&P name.
Operating margin · Oil & Gas E&P median 25% · 12 months to Q2 2026
- Share count, year on year
- +15%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | −238% |
| FY2021 | 49% |
| FY2022 | 55% |
| FY2023 | 40% |
| FY2024 | 36% |
| FY2025 | −11% |
Details›
- Operating margin12 months to Q2 2026
- −53%
- Net margin12 months to Q2 2026
- −68%
- Free cash flow margin
- 46%
- Revenue, trailing twelve months
- $324M
- Free cash flow, trailing twelve months
- $150M
- Net income, trailing twelve months
- −$220M
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Customers and suppliers
Who buys from REI and who it buys from, as the companies report it.
- Customer one67%
Share of revenue · FY2025 10-K
- Customer two13%
Share of revenue · FY2025 10-K
- Customer three9.0%
Share of revenue · FY2025 10-K
- Three customers89%
Combined share of revenue · FY2025 10-K
None disclosed.
A company has to disclose every customer behind 10% or more of its revenue. Each share comes from the latest annual report of the company that states it and shows on both companies’ pages; REI’s own figures are from its FY2025 10-K. Smaller customers and suppliers go unreported.