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Side-by-side financial comparison of HALLADOR ENERGY CO (HNRG) 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 $101.9M, roughly 1.4× HALLADOR ENERGY CO). Ranger Energy Services, Inc. runs the higher net margin — 2.3% vs -0.2%, a 2.5% gap on every dollar of revenue. On growth, HALLADOR ENERGY CO posted the faster year-over-year revenue change (8.9% vs -0.6%). Ranger Energy Services, Inc. produced more free cash flow last quarter ($17.1M vs $-16.8M). Over the past eight quarters, Ranger Energy Services, Inc.'s revenue compounded faster (1.9% CAGR vs -4.4%).

Hallador Energy Co is a U.S.-based energy firm focused on low-sulfur coal production and electric generation operations. It serves the North American market, supplying coal to utility and industrial clients, and delivering power to regional residential and commercial segments.

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.

HNRG vs RNGR — Head-to-Head

Bigger by revenue
RNGR
RNGR
1.4× larger
RNGR
$142.2M
$101.9M
HNRG
Growing faster (revenue YoY)
HNRG
HNRG
+9.5% gap
HNRG
8.9%
-0.6%
RNGR
Higher net margin
RNGR
RNGR
2.5% more per $
RNGR
2.3%
-0.2%
HNRG
More free cash flow
RNGR
RNGR
$33.9M more FCF
RNGR
$17.1M
$-16.8M
HNRG
Faster 2-yr revenue CAGR
RNGR
RNGR
Annualised
RNGR
1.9%
-4.4%
HNRG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HNRG
HNRG
RNGR
RNGR
Revenue
$101.9M
$142.2M
Net Profit
$-240.0K
$3.2M
Gross Margin
Operating Margin
6.1%
2.3%
Net Margin
-0.2%
2.3%
Revenue YoY
8.9%
-0.6%
Net Profit YoY
99.9%
-44.8%
EPS (diluted)
$-0.01
$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
HNRG
HNRG
RNGR
RNGR
Q4 25
$101.9M
$142.2M
Q3 25
$146.8M
$128.9M
Q2 25
$102.9M
$140.6M
Q1 25
$117.8M
$135.2M
Q4 24
$93.6M
$143.1M
Q3 24
$105.2M
$153.0M
Q2 24
$93.8M
$138.1M
Q1 24
$111.6M
$136.9M
Net Profit
HNRG
HNRG
RNGR
RNGR
Q4 25
$-240.0K
$3.2M
Q3 25
$23.9M
$1.2M
Q2 25
$8.2M
$7.3M
Q1 25
$10.0M
$600.0K
Q4 24
$-215.8M
$5.8M
Q3 24
$1.6M
$8.7M
Q2 24
$-10.2M
$4.7M
Q1 24
$-1.7M
$-800.0K
Gross Margin
HNRG
HNRG
RNGR
RNGR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
23.7%
Operating Margin
HNRG
HNRG
RNGR
RNGR
Q4 25
6.1%
2.3%
Q3 25
19.8%
2.0%
Q2 25
11.5%
6.1%
Q1 25
11.8%
0.7%
Q4 24
-233.5%
6.2%
Q3 24
4.5%
8.4%
Q2 24
-7.8%
5.3%
Q1 24
2.4%
-0.4%
Net Margin
HNRG
HNRG
RNGR
RNGR
Q4 25
-0.2%
2.3%
Q3 25
16.3%
0.9%
Q2 25
8.0%
5.2%
Q1 25
8.5%
0.4%
Q4 24
-230.5%
4.1%
Q3 24
1.5%
5.7%
Q2 24
-10.9%
3.4%
Q1 24
-1.5%
-0.6%
EPS (diluted)
HNRG
HNRG
RNGR
RNGR
Q4 25
$-0.01
$0.14
Q3 25
$0.55
$0.05
Q2 25
$0.19
$0.32
Q1 25
$0.23
$0.03
Q4 24
$-5.44
$0.24
Q3 24
$0.04
$0.39
Q2 24
$-0.27
$0.21
Q1 24
$-0.05
$-0.03

Balance Sheet & Financial Strength

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

Metric
HNRG
HNRG
RNGR
RNGR
Cash + ST InvestmentsLiquidity on hand
$10.1M
$10.3M
Total DebtLower is stronger
$29.7M
Stockholders' EquityBook value
$159.8M
$300.1M
Total Assets
$408.1M
$419.3M
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HNRG
HNRG
RNGR
RNGR
Q4 25
$10.1M
$10.3M
Q3 25
$12.7M
$45.2M
Q2 25
$9.2M
$48.9M
Q1 25
$6.9M
$40.3M
Q4 24
$7.2M
$40.9M
Q3 24
$3.8M
$14.8M
Q2 24
$6.4M
$8.7M
Q1 24
$1.6M
$11.1M
Total Debt
HNRG
HNRG
RNGR
RNGR
Q4 25
$29.7M
Q3 25
$42.7M
Q2 25
$43.1M
Q1 25
$21.0M
Q4 24
$41.5M
$0
Q3 24
$67.0M
$0
Q2 24
$42.7M
$0
Q1 24
$73.8M
$0
Stockholders' Equity
HNRG
HNRG
RNGR
RNGR
Q4 25
$159.8M
$300.1M
Q3 25
$146.2M
$270.0M
Q2 25
$122.2M
$276.9M
Q1 25
$115.3M
$272.6M
Q4 24
$104.3M
$273.8M
Q3 24
$318.8M
$267.6M
Q2 24
$316.2M
$260.5M
Q1 24
$283.9M
$261.7M
Total Assets
HNRG
HNRG
RNGR
RNGR
Q4 25
$408.1M
$419.3M
Q3 25
$409.5M
$372.8M
Q2 25
$409.5M
$381.7M
Q1 25
$366.1M
$376.5M
Q4 24
$369.1M
$381.6M
Q3 24
$579.7M
$373.9M
Q2 24
$595.2M
$359.6M
Q1 24
$585.4M
$355.5M
Debt / Equity
HNRG
HNRG
RNGR
RNGR
Q4 25
0.19×
Q3 25
0.29×
Q2 25
0.35×
Q1 25
0.18×
Q4 24
0.40×
0.00×
Q3 24
0.21×
0.00×
Q2 24
0.13×
0.00×
Q1 24
0.26×
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
HNRG
HNRG
RNGR
RNGR
Operating Cash FlowLast quarter
$8.2M
$24.1M
Free Cash FlowOCF − Capex
$-16.8M
$17.1M
FCF MarginFCF / Revenue
-16.5%
12.0%
Capex IntensityCapex / Revenue
24.5%
4.9%
Cash ConversionOCF / Net Profit
7.53×
TTM Free Cash FlowTrailing 4 quarters
$11.9M
$42.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HNRG
HNRG
RNGR
RNGR
Q4 25
$8.2M
$24.1M
Q3 25
$23.2M
$13.6M
Q2 25
$11.4M
$20.7M
Q1 25
$38.4M
$10.6M
Q4 24
$38.9M
$32.7M
Q3 24
$-12.9M
$17.7M
Q2 24
$23.5M
$22.1M
Q1 24
$16.4M
$12.0M
Free Cash Flow
HNRG
HNRG
RNGR
RNGR
Q4 25
$-16.8M
$17.1M
Q3 25
$3.7M
$8.0M
Q2 25
$-1.7M
$14.4M
Q1 25
$26.7M
$3.4M
Q4 24
$25.2M
$27.3M
Q3 24
$-24.5M
$10.8M
Q2 24
$10.4M
$6.8M
Q1 24
$1.5M
$5.5M
FCF Margin
HNRG
HNRG
RNGR
RNGR
Q4 25
-16.5%
12.0%
Q3 25
2.5%
6.2%
Q2 25
-1.6%
10.2%
Q1 25
22.7%
2.5%
Q4 24
26.9%
19.1%
Q3 24
-23.3%
7.1%
Q2 24
11.0%
4.9%
Q1 24
1.3%
4.0%
Capex Intensity
HNRG
HNRG
RNGR
RNGR
Q4 25
24.5%
4.9%
Q3 25
13.3%
4.3%
Q2 25
12.7%
4.5%
Q1 25
9.9%
5.3%
Q4 24
14.7%
3.8%
Q3 24
11.0%
4.5%
Q2 24
14.0%
11.1%
Q1 24
13.3%
4.7%
Cash Conversion
HNRG
HNRG
RNGR
RNGR
Q4 25
7.53×
Q3 25
0.97×
11.33×
Q2 25
1.38×
2.84×
Q1 25
3.85×
17.67×
Q4 24
5.64×
Q3 24
-8.31×
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

HNRG
HNRG

Delivered Energy$58.6M57%
Coal Sales$29.1M29%
Coal Operations$14.4M14%

RNGR
RNGR

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

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