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

HCI Group, Inc. is the larger business by last-quarter revenue ($246.2M vs $142.2M, roughly 1.7× Ranger Energy Services, Inc.). HCI Group, Inc. runs the higher net margin — 39.7% vs 2.3%, a 37.4% gap on every dollar of revenue. On growth, HCI Group, Inc. posted the faster year-over-year revenue change (52.1% vs -0.6%). HCI Group, Inc. produced more free cash flow last quarter ($440.8M vs $17.1M). Over the past eight quarters, HCI Group, Inc.'s revenue compounded faster (9.2% CAGR vs 1.9%).

HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.

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.

HCI vs RNGR — Head-to-Head

Bigger by revenue
HCI
HCI
1.7× larger
HCI
$246.2M
$142.2M
RNGR
Growing faster (revenue YoY)
HCI
HCI
+52.7% gap
HCI
52.1%
-0.6%
RNGR
Higher net margin
HCI
HCI
37.4% more per $
HCI
39.7%
2.3%
RNGR
More free cash flow
HCI
HCI
$423.7M more FCF
HCI
$440.8M
$17.1M
RNGR
Faster 2-yr revenue CAGR
HCI
HCI
Annualised
HCI
9.2%
1.9%
RNGR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HCI
HCI
RNGR
RNGR
Revenue
$246.2M
$142.2M
Net Profit
$97.7M
$3.2M
Gross Margin
Operating Margin
58.5%
2.3%
Net Margin
39.7%
2.3%
Revenue YoY
52.1%
-0.6%
Net Profit YoY
3679.2%
-44.8%
EPS (diluted)
$7.29
$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
HCI
HCI
RNGR
RNGR
Q4 25
$246.2M
$142.2M
Q3 25
$216.3M
$128.9M
Q2 25
$221.9M
$140.6M
Q1 25
$216.4M
$135.2M
Q4 24
$161.9M
$143.1M
Q3 24
$175.3M
$153.0M
Q2 24
$206.2M
$138.1M
Q1 24
$206.6M
$136.9M
Net Profit
HCI
HCI
RNGR
RNGR
Q4 25
$97.7M
$3.2M
Q3 25
$65.5M
$1.2M
Q2 25
$66.2M
$7.3M
Q1 25
$69.7M
$600.0K
Q4 24
$2.6M
$5.8M
Q3 24
$5.7M
$8.7M
Q2 24
$54.1M
$4.7M
Q1 24
$47.6M
$-800.0K
Operating Margin
HCI
HCI
RNGR
RNGR
Q4 25
58.5%
2.3%
Q3 25
41.9%
2.0%
Q2 25
42.5%
6.1%
Q1 25
46.4%
0.7%
Q4 24
3.6%
6.2%
Q3 24
8.0%
8.4%
Q2 24
36.9%
5.3%
Q1 24
37.5%
-0.4%
Net Margin
HCI
HCI
RNGR
RNGR
Q4 25
39.7%
2.3%
Q3 25
30.3%
0.9%
Q2 25
29.8%
5.2%
Q1 25
32.2%
0.4%
Q4 24
1.6%
4.1%
Q3 24
3.2%
5.7%
Q2 24
26.2%
3.4%
Q1 24
23.0%
-0.6%
EPS (diluted)
HCI
HCI
RNGR
RNGR
Q4 25
$7.29
$0.14
Q3 25
$4.90
$0.05
Q2 25
$5.18
$0.32
Q1 25
$5.35
$0.03
Q4 24
$0.32
$0.24
Q3 24
$0.52
$0.39
Q2 24
$4.24
$0.21
Q1 24
$3.81
$-0.03

Balance Sheet & Financial Strength

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

Metric
HCI
HCI
RNGR
RNGR
Cash + ST InvestmentsLiquidity on hand
$1.2B
$10.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.0B
$300.1M
Total Assets
$2.5B
$419.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HCI
HCI
RNGR
RNGR
Q4 25
$1.2B
$10.3M
Q3 25
$987.9M
$45.2M
Q2 25
$947.2M
$48.9M
Q1 25
$754.5M
$40.3M
Q4 24
$532.5M
$40.9M
Q3 24
$518.8M
$14.8M
Q2 24
$445.8M
$8.7M
Q1 24
$655.4M
$11.1M
Total Debt
HCI
HCI
RNGR
RNGR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
$0
Q2 24
$0
Q1 24
$0
Stockholders' Equity
HCI
HCI
RNGR
RNGR
Q4 25
$1.0B
$300.1M
Q3 25
$821.8M
$270.0M
Q2 25
$758.6M
$276.9M
Q1 25
$522.7M
$272.6M
Q4 24
$453.3M
$273.8M
Q3 24
$455.3M
$267.6M
Q2 24
$447.3M
$260.5M
Q1 24
$395.7M
$261.7M
Total Assets
HCI
HCI
RNGR
RNGR
Q4 25
$2.5B
$419.3M
Q3 25
$2.3B
$372.8M
Q2 25
$2.4B
$381.7M
Q1 25
$2.3B
$376.5M
Q4 24
$2.2B
$381.6M
Q3 24
$2.0B
$373.9M
Q2 24
$1.9B
$359.6M
Q1 24
$1.8B
$355.5M
Debt / Equity
HCI
HCI
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
HCI
HCI
RNGR
RNGR
Operating Cash FlowLast quarter
$444.4M
$24.1M
Free Cash FlowOCF − Capex
$440.8M
$17.1M
FCF MarginFCF / Revenue
179.0%
12.0%
Capex IntensityCapex / Revenue
1.5%
4.9%
Cash ConversionOCF / Net Profit
4.55×
7.53×
TTM Free Cash FlowTrailing 4 quarters
$771.4M
$42.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HCI
HCI
RNGR
RNGR
Q4 25
$444.4M
$24.1M
Q3 25
$26.7M
$13.6M
Q2 25
$145.0M
$20.7M
Q1 25
$162.0M
$10.6M
Q4 24
$331.8M
$32.7M
Q3 24
$104.1M
$17.7M
Q2 24
$-29.0M
$22.1M
Q1 24
$182.0M
$12.0M
Free Cash Flow
HCI
HCI
RNGR
RNGR
Q4 25
$440.8M
$17.1M
Q3 25
$25.9M
$8.0M
Q2 25
$144.5M
$14.4M
Q1 25
$160.3M
$3.4M
Q4 24
$327.8M
$27.3M
Q3 24
$103.2M
$10.8M
Q2 24
$-30.1M
$6.8M
Q1 24
$181.0M
$5.5M
FCF Margin
HCI
HCI
RNGR
RNGR
Q4 25
179.0%
12.0%
Q3 25
12.0%
6.2%
Q2 25
65.1%
10.2%
Q1 25
74.1%
2.5%
Q4 24
202.5%
19.1%
Q3 24
58.9%
7.1%
Q2 24
-14.6%
4.9%
Q1 24
87.6%
4.0%
Capex Intensity
HCI
HCI
RNGR
RNGR
Q4 25
1.5%
4.9%
Q3 25
0.4%
4.3%
Q2 25
0.2%
4.5%
Q1 25
0.8%
5.3%
Q4 24
2.5%
3.8%
Q3 24
0.5%
4.5%
Q2 24
0.5%
11.1%
Q1 24
0.5%
4.7%
Cash Conversion
HCI
HCI
RNGR
RNGR
Q4 25
4.55×
7.53×
Q3 25
0.41×
11.33×
Q2 25
2.19×
2.84×
Q1 25
2.32×
17.67×
Q4 24
128.41×
5.64×
Q3 24
18.33×
2.03×
Q2 24
-0.54×
4.70×
Q1 24
3.82×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HCI
HCI

Insurance Operation$218.3M89%
Reciprocal Exchange Operation$27.0M11%

RNGR
RNGR

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

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