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Side-by-side financial comparison of Ategrity Specialty Insurance Co Holdings (ASIC) and Ranger Energy Services, Inc. (RNGR). Click either name above to swap in a different company.

Ranger Energy Services, Inc. is the larger business by last-quarter revenue ($142.2M vs $116.1M, roughly 1.2× Ategrity Specialty Insurance Co Holdings). Ategrity Specialty Insurance Co Holdings runs the higher net margin — 19.5% vs 2.3%, a 17.3% gap on every dollar of revenue.

Ategrity Specialty Insurance Co Holdings is a specialty insurance holding company that provides commercial property and casualty insurance solutions. It primarily focuses on excess and surplus lines coverage, serving niche segments including construction, healthcare, and small business markets across the United States, offering tailored policies for unique, hard-to-place risks that standard carriers do not typically cover.

Ranger Energy Services, Inc. is a leading North American onshore oilfield services provider. It offers a full suite of well completion, workover, rig operations, and production enhancement solutions for upstream oil and gas operators, primarily serving active unconventional shale and tight resource basins across the continental United States.

ASIC vs RNGR — Head-to-Head

Bigger by revenue
RNGR
RNGR
1.2× larger
RNGR
$142.2M
$116.1M
ASIC
Higher net margin
ASIC
ASIC
17.3% more per $
ASIC
19.5%
2.3%
RNGR

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ASIC
ASIC
RNGR
RNGR
Revenue
$116.1M
$142.2M
Net Profit
$22.7M
$3.2M
Gross Margin
Operating Margin
25.6%
2.3%
Net Margin
19.5%
2.3%
Revenue YoY
-0.6%
Net Profit YoY
-44.8%
EPS (diluted)
$0.45
$0.14

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
ASIC
ASIC
RNGR
RNGR
Q4 25
$142.2M
Q3 25
$116.1M
$128.9M
Q2 25
$101.8M
$140.6M
Q1 25
$135.2M
Q4 24
$143.1M
Q3 24
$153.0M
Q2 24
$138.1M
Q1 24
$136.9M
Net Profit
ASIC
ASIC
RNGR
RNGR
Q4 25
$3.2M
Q3 25
$22.7M
$1.2M
Q2 25
$17.6M
$7.3M
Q1 25
$600.0K
Q4 24
$5.8M
Q3 24
$8.7M
Q2 24
$4.7M
Q1 24
$-800.0K
Operating Margin
ASIC
ASIC
RNGR
RNGR
Q4 25
2.3%
Q3 25
25.6%
2.0%
Q2 25
21.9%
6.1%
Q1 25
0.7%
Q4 24
6.2%
Q3 24
8.4%
Q2 24
5.3%
Q1 24
-0.4%
Net Margin
ASIC
ASIC
RNGR
RNGR
Q4 25
2.3%
Q3 25
19.5%
0.9%
Q2 25
17.3%
5.2%
Q1 25
0.4%
Q4 24
4.1%
Q3 24
5.7%
Q2 24
3.4%
Q1 24
-0.6%
EPS (diluted)
ASIC
ASIC
RNGR
RNGR
Q4 25
$0.14
Q3 25
$0.45
$0.05
Q2 25
$0.39
$0.32
Q1 25
$0.03
Q4 24
$0.24
Q3 24
$0.39
Q2 24
$0.21
Q1 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
ASIC
ASIC
RNGR
RNGR
Cash + ST InvestmentsLiquidity on hand
$34.3M
$10.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$588.6M
$300.1M
Total Assets
$1.4B
$419.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASIC
ASIC
RNGR
RNGR
Q4 25
$10.3M
Q3 25
$34.3M
$45.2M
Q2 25
$23.5M
$48.9M
Q1 25
$40.3M
Q4 24
$40.9M
Q3 24
$14.8M
Q2 24
$8.7M
Q1 24
$11.1M
Total Debt
ASIC
ASIC
RNGR
RNGR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
$0
Q2 24
$0
Q1 24
$0
Stockholders' Equity
ASIC
ASIC
RNGR
RNGR
Q4 25
$300.1M
Q3 25
$588.6M
$270.0M
Q2 25
$559.7M
$276.9M
Q1 25
$272.6M
Q4 24
$273.8M
Q3 24
$267.6M
Q2 24
$260.5M
Q1 24
$261.7M
Total Assets
ASIC
ASIC
RNGR
RNGR
Q4 25
$419.3M
Q3 25
$1.4B
$372.8M
Q2 25
$1.4B
$381.7M
Q1 25
$376.5M
Q4 24
$381.6M
Q3 24
$373.9M
Q2 24
$359.6M
Q1 24
$355.5M
Debt / Equity
ASIC
ASIC
RNGR
RNGR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
0.00×

Cash Flow & Capital Efficiency

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

Metric
ASIC
ASIC
RNGR
RNGR
Operating Cash FlowLast quarter
$41.1M
$24.1M
Free Cash FlowOCF − Capex
$17.1M
FCF MarginFCF / Revenue
12.0%
Capex IntensityCapex / Revenue
4.9%
Cash ConversionOCF / Net Profit
1.81×
7.53×
TTM Free Cash FlowTrailing 4 quarters
$42.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASIC
ASIC
RNGR
RNGR
Q4 25
$24.1M
Q3 25
$41.1M
$13.6M
Q2 25
$50.8M
$20.7M
Q1 25
$10.6M
Q4 24
$32.7M
Q3 24
$17.7M
Q2 24
$22.1M
Q1 24
$12.0M
Free Cash Flow
ASIC
ASIC
RNGR
RNGR
Q4 25
$17.1M
Q3 25
$8.0M
Q2 25
$14.4M
Q1 25
$3.4M
Q4 24
$27.3M
Q3 24
$10.8M
Q2 24
$6.8M
Q1 24
$5.5M
FCF Margin
ASIC
ASIC
RNGR
RNGR
Q4 25
12.0%
Q3 25
6.2%
Q2 25
10.2%
Q1 25
2.5%
Q4 24
19.1%
Q3 24
7.1%
Q2 24
4.9%
Q1 24
4.0%
Capex Intensity
ASIC
ASIC
RNGR
RNGR
Q4 25
4.9%
Q3 25
4.3%
Q2 25
4.5%
Q1 25
5.3%
Q4 24
3.8%
Q3 24
4.5%
Q2 24
11.1%
Q1 24
4.7%
Cash Conversion
ASIC
ASIC
RNGR
RNGR
Q4 25
7.53×
Q3 25
1.81×
11.33×
Q2 25
2.88×
2.84×
Q1 25
17.67×
Q4 24
5.64×
Q3 24
2.03×
Q2 24
4.70×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ASIC
ASIC

Segment breakdown not available.

RNGR
RNGR

High Specification Rigs$92.3M65%
Processing Solutions And Ancillary Services$37.5M26%
Wireline Services$12.4M9%

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