RNGR

MKT CAP:$436M

Ranger Energy Services, Inc.

Market Cap

$436M

Energy·Oil & Gas Equipment & Services·🇺🇸 United States·NYSE

Energy·Oil & Gas Equipment & Services·🇺🇸·NYSE

Stock Price

$17.38+$3.32 (+23.61%)

Apr 21, 2026

Company Details

Ranger Energy Services, Inc. provides onshore high specification well service rigs, wireline completion services, and complementary services to exploration and production companies in the United States. It operates through three segments: H...

CEO

Stuart N. Bodden

IPO Date

Aug 11, 2017

Website

www.rangerenergy.com

Key Metrics TTM

Revenue

$547M

-4.2% YoY

Net Income

$12M

EPS (Diluted)

$0.54

Free Cash Flow

$43M

Revenue / Share

$24.12

Gross Margin

8.0%

Operating Margin

3.4%

Net Margin

2.2%

FCF Margin

7.8%

P/S

0.8x

P/E

35.4x

Earnings Reports

Q1 2026

May 5, 2026

PENDING

FY 2025

Mar 5, 2026

$547M-4.2%EPS $0.54

Q4 2025

Mar 5, 2026

$142M-0.6%EPS $0.14

Q3 2025

Nov 10, 2025

$129M-15.8%EPS $0.05

Q2 2025

Jul 29, 2025

$141M+1.8%EPS $0.32

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$124M	$4M	-$5M
Q2 22	$154M	$12M	-$2M
Q3 22	$177M	$28M	$18M
Q4 22	$154M	$16M	$9M
Q1 23	$158M	$17M	$9M
Q2 23	$163M	$18M	$11M
Q3 23	$164M	$30M	$12M
Q4 23	$152M	$11M	$7M
Q1 24	$137M	$5M	-$2M
Q2 24	$138M	$14M	$9M
Q3 24	$153M	$20M	$13M
Q4 24	$143M	$16M	$9M
Q1 25	$135M	$9M	$1M
Q2 25	$141M	$15M	$9M
Q3 25	$129M	$9M	$3M
Q4 25	$142M	$11M	$7M

Valuation

Quarter	P/S	P/E
Q1 22	0.6x	16.3x
Q2 22	0.5x	13.4x
Q3 22	0.4x	7.6x
Q4 22	0.5x	18.4x
Q1 23	0.4x	9.8x
Q2 23	0.4x	7.5x
Q3 23	0.5x	11.2x
Q4 23	0.4x	10.1x
Q1 24	0.5x	16.5x
Q2 24	0.4x	15.0x
Q3 24	0.5x	18.1x
Q4 24	0.6x	18.4x
Q1 25	0.6x	15.9x
Q2 25	0.5x	11.9x
Q3 25	0.6x	21.6x
Q4 25	0.6x	25.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$12M	-$14M
Q2 22	$20M	$16M
Q3 22	$11M	$8M
Q4 22	$26M	$21M
Q1 23	$17M	$12M
Q2 23	$24M	$16M
Q3 23	$12M	-$3M
Q4 23	$38M	$29M
Q1 24	$12M	$6M
Q2 24	$22M	$7M
Q3 24	$18M	$11M
Q4 24	$33M	$27M
Q1 25	$11M	$3M
Q2 25	$21M	$14M
Q3 25	$14M	$8M
Q4 25	$24M	$17M

Capital Expenditures

Quarter	CapEx
Q1 22	$2M
Q2 22	$4M
Q3 22	$3M
Q4 22	$5M
Q1 23	$5M
Q2 23	$8M
Q3 23	$15M
Q4 23	$9M
Q1 24	$7M
Q2 24	$15M
Q3 24	$7M
Q4 24	$5M
Q1 25	$7M
Q2 25	$6M
Q3 25	$6M
Q4 25	$7M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+667.7%	+715.2%
Q2 22	+427.8%	+347.7%
Q3 22	+120.7%	+102.3%
Q4 22	+25.3%	+3.9%
Q1 23	+27.4%	+15.1%
Q2 23	+6.3%	-2.6%
Q3 23	-7.1%	-4.0%
Q4 23	-1.8%	-0.2%
Q1 24	-13.1%	-6.7%
Q2 24	-15.4%	-14.7%
Q3 24	-6.9%	-8.3%
Q4 24	-5.5%	-7.4%
Q1 25	-1.2%	-3.0%
Q2 25	+1.8%	+1.9%
Q3 25	-15.8%	-9.9%
Q4 25	-0.6%	+1.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$800.0K	0.6%
Q2 22	$900.0K	0.6%
Q3 22	$1M	0.6%
Q4 22	$1M	0.6%
Q1 23	$1M	0.7%
Q2 23	$1M	0.8%
Q3 23	$1M	0.7%
Q4 23	$1M	0.8%
Q1 24	$1M	0.9%
Q2 24	$1M	1.0%
Q3 24	$2M	1.0%
Q4 24	$2M	1.1%
Q1 25	$2M	1.2%
Q2 25	$2M	1.1%
Q3 25	$2M	1.3%
Q4 25	$2M	1.1%

OpEx Breakdown

Quarter	G&A
Q1 22	$9M
Q2 22	$12M
Q3 22	$11M
Q4 22	$8M
Q1 23	$8M
Q2 23	$7M
Q3 23	$7M
Q4 23	$7M
Q1 24	$7M
Q2 24	$7M
Q3 24	$7M
Q4 24	$7M
Q1 25	$7M
Q2 25	$7M
Q3 25	$7M
Q4 25	$9M

Revenue Segments

Quarter	High Specification Rigs	Processing Solutions And Ancillary Services	Wireline Services
Q1 22	$65M	$20M	$39M
Q2 22	$76M	$28M	$50M
Q3 22	$80M	$37M	$61M
Q1 23	$78M	$30M	$50M
Q2 23	$78M	$31M	$55M
Q3 23	$79M	$32M	$53M
Q1 24	$80M	$24M	$33M
Q2 24	$83M	$31M	$25M
Q3 24	$87M	$36M	$30M
Q4 24	$87M	$34M	$23M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$4M	$0	$4M
Q2 22	$5M	$0	$5M
Q3 22	$5M	$0	$5M
Q4 22	$4M	$0	$4M
Q1 23	$14M	$0	$14M
Q2 23	$6M	$0	$6M
Q3 23	$8M	$0	$8M
Q4 23	$16M	$0	$16M
Q1 24	$11M	$0	$11M
Q2 24	$9M	$0	$9M
Q3 24	$15M	$0	$15M
Q4 24	$41M	$0	$41M
Q1 25	$40M	$0	$40M
Q2 25	$49M	$0	$49M
Q3 25	$45M	$0	$45M
Q4 25	$10M	$0	$10M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	18M	-25.0%	+172.1%
Q2 22	24M	+27.7%	+247.4%
Q3 22	25M	+6.8%	+187.4%
Q4 22	25M	+0.8%	+3.0%
Q1 23	25M	-0.7%	+36.5%
Q2 23	25M	-0.1%	+6.8%
Q3 23	25M	-1.2%	-1.2%
Q4 23	25M	-1.4%	-3.3%
Q1 24	23M	-7.3%	-9.8%
Q2 24	22M	-1.6%	-11.2%
Q3 24	22M	+0.6%	-9.6%
Q4 24	23M	+1.6%	-6.9%
Q1 25	23M	+1.1%	+1.6%
Q2 25	23M	-1.9%	+1.4%
Q3 25	22M	-2.6%	-1.8%
Q4 25	23M	+2.7%	-0.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$64.5K	2K
Q2 22	$80.2K	2K
Q3 22	$92.4K	2K
Q4 22	$77.2K	2K
Q1 23	$78.8K	2K
Q2 23	$81.6K	2K
Q3 23	$82.2K	2K
Q4 23	$75.8K	2K
Q1 24	$68.5K	2K
Q2 24	$69.0K	2K
Q3 24	$76.5K	2K
Q4 24	$73.4K	2K
Q1 25	$69.3K	2K
Q2 25	$72.1K	2K
Q3 25	$66.1K	2K
Q4 25	$61.8K	2K

Revenue / Employee