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Side-by-side financial comparison of DHT Holdings, Inc. (DHT) 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 $107.3M, roughly 1.3× DHT Holdings, Inc.). DHT Holdings, Inc. runs the higher net margin — 41.7% vs 2.3%, a 39.5% gap on every dollar of revenue. On growth, Ranger Energy Services, Inc. posted the faster year-over-year revenue change (-0.6% vs -24.5%).

DHT Holdings, Inc. is an independent international crude oil tanker operator that owns and manages a fleet of very large crude carriers. It offers marine transportation services for crude oil across major global trade routes, serving clients including leading oil producers, refineries, and commodity trading enterprises worldwide.

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.

DHT vs RNGR — Head-to-Head

Bigger by revenue
RNGR
RNGR
1.3× larger
RNGR
$142.2M
$107.3M
DHT
Growing faster (revenue YoY)
RNGR
RNGR
+23.8% gap
RNGR
-0.6%
-24.5%
DHT
Higher net margin
DHT
DHT
39.5% more per $
DHT
41.7%
2.3%
RNGR

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DHT
DHT
RNGR
RNGR
Revenue
$107.3M
$142.2M
Net Profit
$44.8M
$3.2M
Gross Margin
Operating Margin
44.2%
2.3%
Net Margin
41.7%
2.3%
Revenue YoY
-24.5%
-0.6%
Net Profit YoY
27.3%
-44.8%
EPS (diluted)
$0.28
$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
DHT
DHT
RNGR
RNGR
Q4 25
$142.2M
Q3 25
$107.3M
$128.9M
Q2 25
$140.6M
Q1 25
$135.2M
Q4 24
$143.1M
Q3 24
$142.1M
$153.0M
Q2 24
$138.1M
Q1 24
$136.9M
Net Profit
DHT
DHT
RNGR
RNGR
Q4 25
$3.2M
Q3 25
$44.8M
$1.2M
Q2 25
$7.3M
Q1 25
$600.0K
Q4 24
$5.8M
Q3 24
$35.2M
$8.7M
Q2 24
$4.7M
Q1 24
$-800.0K
Operating Margin
DHT
DHT
RNGR
RNGR
Q4 25
2.3%
Q3 25
44.2%
2.0%
Q2 25
6.1%
Q1 25
0.7%
Q4 24
6.2%
Q3 24
29.7%
8.4%
Q2 24
5.3%
Q1 24
-0.4%
Net Margin
DHT
DHT
RNGR
RNGR
Q4 25
2.3%
Q3 25
41.7%
0.9%
Q2 25
5.2%
Q1 25
0.4%
Q4 24
4.1%
Q3 24
24.8%
5.7%
Q2 24
3.4%
Q1 24
-0.6%
EPS (diluted)
DHT
DHT
RNGR
RNGR
Q4 25
$0.14
Q3 25
$0.28
$0.05
Q2 25
$0.32
Q1 25
$0.03
Q4 24
$0.24
Q3 24
$0.22
$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
DHT
DHT
RNGR
RNGR
Cash + ST InvestmentsLiquidity on hand
$81.3M
$10.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$300.1M
Total Assets
$1.4B
$419.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHT
DHT
RNGR
RNGR
Q4 25
$10.3M
Q3 25
$81.3M
$45.2M
Q2 25
$48.9M
Q1 25
$40.3M
Q4 24
$40.9M
Q3 24
$73.8M
$14.8M
Q2 24
$8.7M
Q1 24
$11.1M
Total Debt
DHT
DHT
RNGR
RNGR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
$0
Q2 24
$0
Q1 24
$0
Stockholders' Equity
DHT
DHT
RNGR
RNGR
Q4 25
$300.1M
Q3 25
$1.1B
$270.0M
Q2 25
$276.9M
Q1 25
$272.6M
Q4 24
$273.8M
Q3 24
$1.0B
$267.6M
Q2 24
$260.5M
Q1 24
$261.7M
Total Assets
DHT
DHT
RNGR
RNGR
Q4 25
$419.3M
Q3 25
$1.4B
$372.8M
Q2 25
$381.7M
Q1 25
$376.5M
Q4 24
$381.6M
Q3 24
$1.5B
$373.9M
Q2 24
$359.6M
Q1 24
$355.5M
Debt / Equity
DHT
DHT
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
DHT
DHT
RNGR
RNGR
Operating Cash FlowLast quarter
$60.9M
$24.1M
Free Cash FlowOCF − Capex
$17.1M
FCF MarginFCF / Revenue
12.0%
Capex IntensityCapex / Revenue
4.9%
Cash ConversionOCF / Net Profit
1.36×
7.53×
TTM Free Cash FlowTrailing 4 quarters
$42.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHT
DHT
RNGR
RNGR
Q4 25
$24.1M
Q3 25
$60.9M
$13.6M
Q2 25
$20.7M
Q1 25
$10.6M
Q4 24
$32.7M
Q3 24
$80.1M
$17.7M
Q2 24
$22.1M
Q1 24
$12.0M
Free Cash Flow
DHT
DHT
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
DHT
DHT
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
DHT
DHT
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
DHT
DHT
RNGR
RNGR
Q4 25
7.53×
Q3 25
1.36×
11.33×
Q2 25
2.84×
Q1 25
17.67×
Q4 24
5.64×
Q3 24
2.28×
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

DHT
DHT

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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