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Side-by-side financial comparison of Fulgent Genetics, Inc. (FLGT) 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 $83.3M, roughly 1.7× Fulgent Genetics, Inc.). Ranger Energy Services, Inc. runs the higher net margin — 2.3% vs -28.1%, a 30.4% gap on every dollar of revenue. On growth, Fulgent Genetics, Inc. posted the faster year-over-year revenue change (9.3% vs -0.6%). Ranger Energy Services, Inc. produced more free cash flow last quarter ($17.1M vs $-83.1M). Over the past eight quarters, Fulgent Genetics, Inc.'s revenue compounded faster (13.7% CAGR vs 1.9%).

Fulgent Genetics, Inc. is a molecular diagnostics technology firm that develops and offers genetic testing services including carrier screening, oncology testing, infectious disease detection, and hereditary condition analysis, serving clinical providers, pharma firms, research institutions and public health groups primarily in North America.

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.

FLGT vs RNGR — Head-to-Head

Bigger by revenue
RNGR
RNGR
1.7× larger
RNGR
$142.2M
$83.3M
FLGT
Growing faster (revenue YoY)
FLGT
FLGT
+10.0% gap
FLGT
9.3%
-0.6%
RNGR
Higher net margin
RNGR
RNGR
30.4% more per $
RNGR
2.3%
-28.1%
FLGT
More free cash flow
RNGR
RNGR
$100.2M more FCF
RNGR
$17.1M
$-83.1M
FLGT
Faster 2-yr revenue CAGR
FLGT
FLGT
Annualised
FLGT
13.7%
1.9%
RNGR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FLGT
FLGT
RNGR
RNGR
Revenue
$83.3M
$142.2M
Net Profit
$-23.4M
$3.2M
Gross Margin
39.1%
Operating Margin
-43.5%
2.3%
Net Margin
-28.1%
2.3%
Revenue YoY
9.3%
-0.6%
Net Profit YoY
-297.7%
-44.8%
EPS (diluted)
$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
FLGT
FLGT
RNGR
RNGR
Q4 25
$83.3M
$142.2M
Q3 25
$84.1M
$128.9M
Q2 25
$81.8M
$140.6M
Q1 25
$73.5M
$135.2M
Q4 24
$76.2M
$143.1M
Q3 24
$71.7M
$153.0M
Q2 24
$71.0M
$138.1M
Q1 24
$64.5M
$136.9M
Net Profit
FLGT
FLGT
RNGR
RNGR
Q4 25
$-23.4M
$3.2M
Q3 25
$-6.6M
$1.2M
Q2 25
$-19.0M
$7.3M
Q1 25
$-11.5M
$600.0K
Q4 24
$-5.9M
$5.8M
Q3 24
$-14.6M
$8.7M
Q2 24
$-8.7M
$4.7M
Q1 24
$-13.5M
$-800.0K
Gross Margin
FLGT
FLGT
RNGR
RNGR
Q4 25
39.1%
Q3 25
42.2%
Q2 25
42.1%
Q1 25
38.6%
Q4 24
41.8%
Q3 24
37.3%
Q2 24
37.3%
Q1 24
34.3%
Operating Margin
FLGT
FLGT
RNGR
RNGR
Q4 25
-43.5%
2.3%
Q3 25
-18.3%
2.0%
Q2 25
-24.1%
6.1%
Q1 25
-26.9%
0.7%
Q4 24
-21.2%
6.2%
Q3 24
-23.8%
8.4%
Q2 24
-26.6%
5.3%
Q1 24
-33.8%
-0.4%
Net Margin
FLGT
FLGT
RNGR
RNGR
Q4 25
-28.1%
2.3%
Q3 25
-7.9%
0.9%
Q2 25
-23.2%
5.2%
Q1 25
-15.7%
0.4%
Q4 24
-7.7%
4.1%
Q3 24
-20.4%
5.7%
Q2 24
-12.3%
3.4%
Q1 24
-20.9%
-0.6%
EPS (diluted)
FLGT
FLGT
RNGR
RNGR
Q4 25
$0.14
Q3 25
$0.05
Q2 25
$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
FLGT
FLGT
RNGR
RNGR
Cash + ST InvestmentsLiquidity on hand
$50.2M
$10.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$300.1M
Total Assets
$1.2B
$419.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLGT
FLGT
RNGR
RNGR
Q4 25
$50.2M
$10.3M
Q3 25
$117.6M
$45.2M
Q2 25
$87.9M
$48.9M
Q1 25
$67.3M
$40.3M
Q4 24
$55.1M
$40.9M
Q3 24
$58.0M
$14.8M
Q2 24
$65.1M
$8.7M
Q1 24
$54.7M
$11.1M
Total Debt
FLGT
FLGT
RNGR
RNGR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
$0
Q2 24
$0
Q1 24
$0
Stockholders' Equity
FLGT
FLGT
RNGR
RNGR
Q4 25
$1.1B
$300.1M
Q3 25
$1.1B
$270.0M
Q2 25
$1.1B
$276.9M
Q1 25
$1.1B
$272.6M
Q4 24
$1.1B
$273.8M
Q3 24
$1.1B
$267.6M
Q2 24
$1.1B
$260.5M
Q1 24
$1.1B
$261.7M
Total Assets
FLGT
FLGT
RNGR
RNGR
Q4 25
$1.2B
$419.3M
Q3 25
$1.2B
$372.8M
Q2 25
$1.2B
$381.7M
Q1 25
$1.2B
$376.5M
Q4 24
$1.2B
$381.6M
Q3 24
$1.2B
$373.9M
Q2 24
$1.2B
$359.6M
Q1 24
$1.2B
$355.5M
Debt / Equity
FLGT
FLGT
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
FLGT
FLGT
RNGR
RNGR
Operating Cash FlowLast quarter
$-78.1M
$24.1M
Free Cash FlowOCF − Capex
$-83.1M
$17.1M
FCF MarginFCF / Revenue
-99.7%
12.0%
Capex IntensityCapex / Revenue
6.0%
4.9%
Cash ConversionOCF / Net Profit
7.53×
TTM Free Cash FlowTrailing 4 quarters
$-124.2M
$42.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLGT
FLGT
RNGR
RNGR
Q4 25
$-78.1M
$24.1M
Q3 25
$11.1M
$13.6M
Q2 25
$-30.2M
$20.7M
Q1 25
$-4.4M
$10.6M
Q4 24
$25.0M
$32.7M
Q3 24
$-15.5M
$17.7M
Q2 24
$4.3M
$22.1M
Q1 24
$7.3M
$12.0M
Free Cash Flow
FLGT
FLGT
RNGR
RNGR
Q4 25
$-83.1M
$17.1M
Q3 25
$5.1M
$8.0M
Q2 25
$-37.0M
$14.4M
Q1 25
$-9.1M
$3.4M
Q4 24
$21.2M
$27.3M
Q3 24
$-35.0M
$10.8M
Q2 24
$-8.7M
$6.8M
Q1 24
$3.2M
$5.5M
FCF Margin
FLGT
FLGT
RNGR
RNGR
Q4 25
-99.7%
12.0%
Q3 25
6.0%
6.2%
Q2 25
-45.2%
10.2%
Q1 25
-12.5%
2.5%
Q4 24
27.9%
19.1%
Q3 24
-48.8%
7.1%
Q2 24
-12.2%
4.9%
Q1 24
5.0%
4.0%
Capex Intensity
FLGT
FLGT
RNGR
RNGR
Q4 25
6.0%
4.9%
Q3 25
7.2%
4.3%
Q2 25
8.3%
4.5%
Q1 25
6.4%
5.3%
Q4 24
5.0%
3.8%
Q3 24
27.2%
4.5%
Q2 24
18.2%
11.1%
Q1 24
6.3%
4.7%
Cash Conversion
FLGT
FLGT
RNGR
RNGR
Q4 25
7.53×
Q3 25
11.33×
Q2 25
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

FLGT
FLGT

Precision Diagnostics$48.3M58%
Anatomic Pathology$27.0M32%
Biopharma Services$7.8M9%

RNGR
RNGR

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

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