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Side-by-side financial comparison of Freshworks Inc. (FRSH) and Ranger Energy Services, Inc. (RNGR). Click either name above to swap in a different company.

Freshworks Inc. is the larger business by last-quarter revenue ($222.7M vs $142.2M, roughly 1.6× Ranger Energy Services, Inc.). Freshworks Inc. runs the higher net margin — 86.0% vs 2.3%, a 83.7% gap on every dollar of revenue. On growth, Freshworks Inc. posted the faster year-over-year revenue change (14.5% vs -0.6%). Freshworks Inc. produced more free cash flow last quarter ($60.1M vs $17.1M). Over the past eight quarters, Freshworks Inc.'s revenue compounded faster (16.1% CAGR vs 1.9%).

Freshworks Inc. is a cloud-based software-as-a-service company, founded in 2010 in Chennai, India. The company provides cloud-based tools for customer relationship management (CRM), IT service management (ITSM), and e-commerce marketing.

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.

FRSH vs RNGR — Head-to-Head

Bigger by revenue
FRSH
FRSH
1.6× larger
FRSH
$222.7M
$142.2M
RNGR
Growing faster (revenue YoY)
FRSH
FRSH
+15.1% gap
FRSH
14.5%
-0.6%
RNGR
Higher net margin
FRSH
FRSH
83.7% more per $
FRSH
86.0%
2.3%
RNGR
More free cash flow
FRSH
FRSH
$43.0M more FCF
FRSH
$60.1M
$17.1M
RNGR
Faster 2-yr revenue CAGR
FRSH
FRSH
Annualised
FRSH
16.1%
1.9%
RNGR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FRSH
FRSH
RNGR
RNGR
Revenue
$222.7M
$142.2M
Net Profit
$191.4M
$3.2M
Gross Margin
85.6%
Operating Margin
17.8%
2.3%
Net Margin
86.0%
2.3%
Revenue YoY
14.5%
-0.6%
Net Profit YoY
974.2%
-44.8%
EPS (diluted)
$0.66
$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
FRSH
FRSH
RNGR
RNGR
Q4 25
$222.7M
$142.2M
Q3 25
$215.1M
$128.9M
Q2 25
$204.7M
$140.6M
Q1 25
$196.3M
$135.2M
Q4 24
$194.6M
$143.1M
Q3 24
$186.6M
$153.0M
Q2 24
$174.1M
$138.1M
Q1 24
$165.1M
$136.9M
Net Profit
FRSH
FRSH
RNGR
RNGR
Q4 25
$191.4M
$3.2M
Q3 25
$-4.7M
$1.2M
Q2 25
$-1.7M
$7.3M
Q1 25
$-1.3M
$600.0K
Q4 24
$-21.9M
$5.8M
Q3 24
$-30.0M
$8.7M
Q2 24
$-20.2M
$4.7M
Q1 24
$-23.3M
$-800.0K
Gross Margin
FRSH
FRSH
RNGR
RNGR
Q4 25
85.6%
Q3 25
84.7%
Q2 25
84.8%
Q1 25
84.8%
Q4 24
84.9%
Q3 24
84.0%
Q2 24
83.8%
Q1 24
84.3%
Operating Margin
FRSH
FRSH
RNGR
RNGR
Q4 25
17.8%
2.3%
Q3 25
-3.5%
2.0%
Q2 25
-4.2%
6.1%
Q1 25
-5.3%
0.7%
Q4 24
-12.2%
6.2%
Q3 24
-20.8%
8.4%
Q2 24
-25.1%
5.3%
Q1 24
-19.5%
-0.4%
Net Margin
FRSH
FRSH
RNGR
RNGR
Q4 25
86.0%
2.3%
Q3 25
-2.2%
0.9%
Q2 25
-0.8%
5.2%
Q1 25
-0.7%
0.4%
Q4 24
-11.3%
4.1%
Q3 24
-16.1%
5.7%
Q2 24
-11.6%
3.4%
Q1 24
-14.1%
-0.6%
EPS (diluted)
FRSH
FRSH
RNGR
RNGR
Q4 25
$0.66
$0.14
Q3 25
$-0.02
$0.05
Q2 25
$-0.01
$0.32
Q1 25
$0.00
$0.03
Q4 24
$-0.07
$0.24
Q3 24
$-0.10
$0.39
Q2 24
$-0.07
$0.21
Q1 24
$-0.08
$-0.03

Balance Sheet & Financial Strength

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

Metric
FRSH
FRSH
RNGR
RNGR
Cash + ST InvestmentsLiquidity on hand
$781.4M
$10.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.0B
$300.1M
Total Assets
$1.6B
$419.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRSH
FRSH
RNGR
RNGR
Q4 25
$781.4M
$10.3M
Q3 25
$813.2M
$45.2M
Q2 25
$926.2M
$48.9M
Q1 25
$995.3M
$40.3M
Q4 24
$1.1B
$40.9M
Q3 24
$1.1B
$14.8M
Q2 24
$1.0B
$8.7M
Q1 24
$1.2B
$11.1M
Total Debt
FRSH
FRSH
RNGR
RNGR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
$0
Q2 24
$0
Q1 24
$0
Stockholders' Equity
FRSH
FRSH
RNGR
RNGR
Q4 25
$1.0B
$300.1M
Q3 25
$851.5M
$270.0M
Q2 25
$984.6M
$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
FRSH
FRSH
RNGR
RNGR
Q4 25
$1.6B
$419.3M
Q3 25
$1.4B
$372.8M
Q2 25
$1.5B
$381.7M
Q1 25
$1.5B
$376.5M
Q4 24
$1.6B
$381.6M
Q3 24
$1.6B
$373.9M
Q2 24
$1.5B
$359.6M
Q1 24
$1.5B
$355.5M
Debt / Equity
FRSH
FRSH
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
FRSH
FRSH
RNGR
RNGR
Operating Cash FlowLast quarter
$62.3M
$24.1M
Free Cash FlowOCF − Capex
$60.1M
$17.1M
FCF MarginFCF / Revenue
27.0%
12.0%
Capex IntensityCapex / Revenue
1.0%
4.9%
Cash ConversionOCF / Net Profit
0.33×
7.53×
TTM Free Cash FlowTrailing 4 quarters
$236.7M
$42.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRSH
FRSH
RNGR
RNGR
Q4 25
$62.3M
$24.1M
Q3 25
$63.5M
$13.6M
Q2 25
$58.6M
$20.7M
Q1 25
$58.0M
$10.6M
Q4 24
$41.4M
$32.7M
Q3 24
$42.3M
$17.7M
Q2 24
$36.3M
$22.1M
Q1 24
$40.6M
$12.0M
Free Cash Flow
FRSH
FRSH
RNGR
RNGR
Q4 25
$60.1M
$17.1M
Q3 25
$61.7M
$8.0M
Q2 25
$58.2M
$14.4M
Q1 25
$56.7M
$3.4M
Q4 24
$36.3M
$27.3M
Q3 24
$41.3M
$10.8M
Q2 24
$34.0M
$6.8M
Q1 24
$39.9M
$5.5M
FCF Margin
FRSH
FRSH
RNGR
RNGR
Q4 25
27.0%
12.0%
Q3 25
28.7%
6.2%
Q2 25
28.4%
10.2%
Q1 25
28.9%
2.5%
Q4 24
18.7%
19.1%
Q3 24
22.1%
7.1%
Q2 24
19.5%
4.9%
Q1 24
24.1%
4.0%
Capex Intensity
FRSH
FRSH
RNGR
RNGR
Q4 25
1.0%
4.9%
Q3 25
0.8%
4.3%
Q2 25
0.2%
4.5%
Q1 25
0.7%
5.3%
Q4 24
2.6%
3.8%
Q3 24
0.6%
4.5%
Q2 24
1.3%
11.1%
Q1 24
0.4%
4.7%
Cash Conversion
FRSH
FRSH
RNGR
RNGR
Q4 25
0.33×
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

FRSH
FRSH

Subscription Services Software Licenses And Maintenance$220.2M99%
Professional Services$2.5M1%

RNGR
RNGR

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

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