RNGRRanger Energy Services, Inc.
Is the business good?
The checks split: earnings fully cash-backed (4.0×), but margins compressing.
Operating profit is fully backed by cash. Conversion is improving vs a year ago.
Operating profit is falling even as sales grow, costs are outrunning the top line.
A balanced mix of margins, efficiency, and leverage. ROE 5% = margin × turnover × leverage.
Unless marked, from derived.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is RNGR?
Ranger Energy Services, Inc. keeps 3.7% of every revenue dollar as operating profit, against 10% for the median Oil & Gas Equipment & Services name.
Operating margin · Oil & Gas Equipment & Services median 10% · 12 months to Q2 2026
- Cash conversion
- 4.02×
Cash conversion · 3.62× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- +5.8%
Share count, year on year · shareholders own a smaller slice than a year ago
- Gross margin
- 18%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | −9.2% |
| FY2021 | −14% |
| FY2022 | 3.2% |
| FY2023 | 5.8% |
| FY2024 | 5.0% |
| FY2025 | 2.8% |
Details›
- Gross margin12 months to Q2 2026
- 18%
- Operating margin12 months to Q2 2026
- 3.7%
- Net margin12 months to Q2 2026
- 2.4%
- Free cash flow margin
- 3.9%
- Revenue, trailing twelve months
- $607M
- Free cash flow, trailing twelve months
- $23M
- Net income, trailing twelve months
- $14M
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 RNGR and who it buys from, as the companies report it.
- Customer one30%
Share of revenue · FY2025 10-K
- Customer two18%
Share of revenue · FY2025 10-K
- Customer three11%
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; RNGR’s own figures are from its FY2025 10-K. Smaller customers and suppliers go unreported.
Oil & Gas Equipment & Services
Ranks #18 of 28 by RyuScore