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Side-by-side financial comparison of Immunocore Holdings plc (IMCR) 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 $104.5M, roughly 1.4× Immunocore Holdings plc). On growth, Immunocore Holdings plc posted the faster year-over-year revenue change (24.3% vs -0.6%). Ranger Energy Services, Inc. produced more free cash flow last quarter ($17.1M vs $-35.5M). Over the past eight quarters, Immunocore Holdings plc's revenue compounded faster (21.7% CAGR vs 1.9%).

Immunocore is a global commercial-stage biotechnology company, based in Oxfordshire, which researches and develops biological drugs using soluble T-cell receptor technology.

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.

IMCR vs RNGR — Head-to-Head

Bigger by revenue
RNGR
RNGR
1.4× larger
RNGR
$142.2M
$104.5M
IMCR
Growing faster (revenue YoY)
IMCR
IMCR
+24.9% gap
IMCR
24.3%
-0.6%
RNGR
More free cash flow
RNGR
RNGR
$52.6M more FCF
RNGR
$17.1M
$-35.5M
IMCR
Faster 2-yr revenue CAGR
IMCR
IMCR
Annualised
IMCR
21.7%
1.9%
RNGR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IMCR
IMCR
RNGR
RNGR
Revenue
$104.5M
$142.2M
Net Profit
$3.2M
Gross Margin
97.4%
Operating Margin
-18.8%
2.3%
Net Margin
2.3%
Revenue YoY
24.3%
-0.6%
Net Profit YoY
-44.8%
EPS (diluted)
$-0.61
$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
IMCR
IMCR
RNGR
RNGR
Q4 25
$104.5M
$142.2M
Q3 25
$103.7M
$128.9M
Q2 25
$98.0M
$140.6M
Q1 25
$93.9M
$135.2M
Q4 24
$84.1M
$143.1M
Q3 24
$80.2M
$153.0M
Q2 24
$75.4M
$138.1M
Q1 24
$70.5M
$136.9M
Net Profit
IMCR
IMCR
RNGR
RNGR
Q4 25
$3.2M
Q3 25
$-177.0K
$1.2M
Q2 25
$-10.3M
$7.3M
Q1 25
$5.0M
$600.0K
Q4 24
$5.8M
Q3 24
$8.7M
$8.7M
Q2 24
$-11.6M
$4.7M
Q1 24
$-24.4M
$-800.0K
Gross Margin
IMCR
IMCR
RNGR
RNGR
Q4 25
97.4%
Q3 25
99.5%
Q2 25
98.9%
Q1 25
99.1%
Q4 24
99.6%
Q3 24
99.4%
Q2 24
97.7%
Q1 24
99.7%
Operating Margin
IMCR
IMCR
RNGR
RNGR
Q4 25
-18.8%
2.3%
Q3 25
-6.9%
2.0%
Q2 25
-15.2%
6.1%
Q1 25
-3.9%
0.7%
Q4 24
-23.1%
6.2%
Q3 24
-10.6%
8.4%
Q2 24
-21.2%
5.3%
Q1 24
-37.6%
-0.4%
Net Margin
IMCR
IMCR
RNGR
RNGR
Q4 25
2.3%
Q3 25
-0.2%
0.9%
Q2 25
-10.5%
5.2%
Q1 25
5.4%
0.4%
Q4 24
4.1%
Q3 24
10.9%
5.7%
Q2 24
-15.4%
3.4%
Q1 24
-34.7%
-0.6%
EPS (diluted)
IMCR
IMCR
RNGR
RNGR
Q4 25
$-0.61
$0.14
Q3 25
$0.00
$0.05
Q2 25
$-0.20
$0.32
Q1 25
$0.10
$0.03
Q4 24
$-0.47
$0.24
Q3 24
$0.17
$0.39
Q2 24
$-0.23
$0.21
Q1 24
$-0.49
$-0.03

Balance Sheet & Financial Strength

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

Metric
IMCR
IMCR
RNGR
RNGR
Cash + ST InvestmentsLiquidity on hand
$864.2M
$10.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$381.0M
$300.1M
Total Assets
$1.1B
$419.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IMCR
IMCR
RNGR
RNGR
Q4 25
$864.2M
$10.3M
Q3 25
$892.4M
$45.2M
Q2 25
$882.8M
$48.9M
Q1 25
$837.0M
$40.3M
Q4 24
$820.4M
$40.9M
Q3 24
$901.3M
$14.8M
Q2 24
$859.6M
$8.7M
Q1 24
$832.8M
$11.1M
Total Debt
IMCR
IMCR
RNGR
RNGR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
$438.7M
$0
Q2 24
$452.5M
$0
Q1 24
$452.5M
$0
Stockholders' Equity
IMCR
IMCR
RNGR
RNGR
Q4 25
$381.0M
$300.1M
Q3 25
$396.6M
$270.0M
Q2 25
$388.5M
$276.9M
Q1 25
$378.5M
$272.6M
Q4 24
$360.7M
$273.8M
Q3 24
$377.8M
$267.6M
Q2 24
$359.1M
$260.5M
Q1 24
$359.5M
$261.7M
Total Assets
IMCR
IMCR
RNGR
RNGR
Q4 25
$1.1B
$419.3M
Q3 25
$1.1B
$372.8M
Q2 25
$1.1B
$381.7M
Q1 25
$1.0B
$376.5M
Q4 24
$1.0B
$381.6M
Q3 24
$1.1B
$373.9M
Q2 24
$1.0B
$359.6M
Q1 24
$994.0M
$355.5M
Debt / Equity
IMCR
IMCR
RNGR
RNGR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
1.16×
0.00×
Q2 24
1.26×
0.00×
Q1 24
1.26×
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
IMCR
IMCR
RNGR
RNGR
Operating Cash FlowLast quarter
$-32.7M
$24.1M
Free Cash FlowOCF − Capex
$-35.5M
$17.1M
FCF MarginFCF / Revenue
-34.0%
12.0%
Capex IntensityCapex / Revenue
2.8%
4.9%
Cash ConversionOCF / Net Profit
7.53×
TTM Free Cash FlowTrailing 4 quarters
$-15.1M
$42.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IMCR
IMCR
RNGR
RNGR
Q4 25
$-32.7M
$24.1M
Q3 25
$-4.5M
$13.6M
Q2 25
$26.0M
$20.7M
Q1 25
$435.0K
$10.6M
Q4 24
$-14.0M
$32.7M
Q3 24
$21.1M
$17.7M
Q2 24
$23.5M
$22.1M
Q1 24
$-4.6M
$12.0M
Free Cash Flow
IMCR
IMCR
RNGR
RNGR
Q4 25
$-35.5M
$17.1M
Q3 25
$-5.2M
$8.0M
Q2 25
$25.6M
$14.4M
Q1 25
$137.0K
$3.4M
Q4 24
$-17.5M
$27.3M
Q3 24
$20.3M
$10.8M
Q2 24
$23.1M
$6.8M
Q1 24
$-5.0M
$5.5M
FCF Margin
IMCR
IMCR
RNGR
RNGR
Q4 25
-34.0%
12.0%
Q3 25
-5.0%
6.2%
Q2 25
26.1%
10.2%
Q1 25
0.1%
2.5%
Q4 24
-20.9%
19.1%
Q3 24
25.3%
7.1%
Q2 24
30.7%
4.9%
Q1 24
-7.1%
4.0%
Capex Intensity
IMCR
IMCR
RNGR
RNGR
Q4 25
2.8%
4.9%
Q3 25
0.7%
4.3%
Q2 25
0.4%
4.5%
Q1 25
0.3%
5.3%
Q4 24
4.3%
3.8%
Q3 24
1.0%
4.5%
Q2 24
0.4%
11.1%
Q1 24
0.6%
4.7%
Cash Conversion
IMCR
IMCR
RNGR
RNGR
Q4 25
7.53×
Q3 25
11.33×
Q2 25
2.84×
Q1 25
0.09×
17.67×
Q4 24
5.64×
Q3 24
2.42×
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

IMCR
IMCR

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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