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

InnovAge Holding Corp. is the larger business by last-quarter revenue ($239.7M vs $142.2M, roughly 1.7× Ranger Energy Services, Inc.). InnovAge Holding Corp. runs the higher net margin — 4.4% vs 2.3%, a 2.2% gap on every dollar of revenue. On growth, InnovAge Holding Corp. posted the faster year-over-year revenue change (14.7% vs -0.6%). InnovAge Holding Corp. produced more free cash flow last quarter ($19.0M vs $17.1M). Over the past eight quarters, InnovAge Holding Corp.'s revenue compounded faster (11.4% CAGR vs 1.9%).

InnovAge Holding Corp is a leading U.S. senior care provider, primarily operating the Program of All-Inclusive Care for the Elderly (PACE). It offers integrated medical care, social support, and daily living assistance to help eligible older adults stay in their homes instead of nursing facilities, serving users across multiple U.S. states.

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.

INNV vs RNGR — Head-to-Head

Bigger by revenue
INNV
INNV
1.7× larger
INNV
$239.7M
$142.2M
RNGR
Growing faster (revenue YoY)
INNV
INNV
+15.3% gap
INNV
14.7%
-0.6%
RNGR
Higher net margin
INNV
INNV
2.2% more per $
INNV
4.4%
2.3%
RNGR
More free cash flow
INNV
INNV
$1.9M more FCF
INNV
$19.0M
$17.1M
RNGR
Faster 2-yr revenue CAGR
INNV
INNV
Annualised
INNV
11.4%
1.9%
RNGR

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
INNV
INNV
RNGR
RNGR
Revenue
$239.7M
$142.2M
Net Profit
$10.6M
$3.2M
Gross Margin
22.0%
Operating Margin
5.5%
2.3%
Net Margin
4.4%
2.3%
Revenue YoY
14.7%
-0.6%
Net Profit YoY
180.3%
-44.8%
EPS (diluted)
$0.08
$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
INNV
INNV
RNGR
RNGR
Q4 25
$239.7M
$142.2M
Q3 25
$236.1M
$128.9M
Q2 25
$221.4M
$140.6M
Q1 25
$218.1M
$135.2M
Q4 24
$209.0M
$143.1M
Q3 24
$205.1M
$153.0M
Q2 24
$199.4M
$138.1M
Q1 24
$193.1M
$136.9M
Net Profit
INNV
INNV
RNGR
RNGR
Q4 25
$10.6M
$3.2M
Q3 25
$8.0M
$1.2M
Q2 25
$-785.0K
$7.3M
Q1 25
$-11.4M
$600.0K
Q4 24
$-13.2M
$5.8M
Q3 24
$-4.9M
$8.7M
Q2 24
$-1.7M
$4.7M
Q1 24
$-5.9M
$-800.0K
Gross Margin
INNV
INNV
RNGR
RNGR
Q4 25
22.0%
Q3 25
21.8%
Q2 25
18.6%
Q1 25
18.7%
Q4 24
17.7%
Q3 24
16.8%
Q2 24
18.3%
Q1 24
17.6%
Operating Margin
INNV
INNV
RNGR
RNGR
Q4 25
5.5%
2.3%
Q3 25
3.5%
2.0%
Q2 25
-1.0%
6.1%
Q1 25
-4.7%
0.7%
Q4 24
-6.0%
6.2%
Q3 24
-2.4%
8.4%
Q2 24
-2.4%
5.3%
Q1 24
-3.0%
-0.4%
Net Margin
INNV
INNV
RNGR
RNGR
Q4 25
4.4%
2.3%
Q3 25
3.4%
0.9%
Q2 25
-0.4%
5.2%
Q1 25
-5.2%
0.4%
Q4 24
-6.3%
4.1%
Q3 24
-2.4%
5.7%
Q2 24
-0.9%
3.4%
Q1 24
-3.0%
-0.6%
EPS (diluted)
INNV
INNV
RNGR
RNGR
Q4 25
$0.08
$0.14
Q3 25
$0.06
$0.05
Q2 25
$0.00
$0.32
Q1 25
$-0.08
$0.03
Q4 24
$-0.10
$0.24
Q3 24
$-0.04
$0.39
Q2 24
$-0.01
$0.21
Q1 24
$-0.04
$-0.03

Balance Sheet & Financial Strength

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

Metric
INNV
INNV
RNGR
RNGR
Cash + ST InvestmentsLiquidity on hand
$126.0M
$10.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$256.8M
$300.1M
Total Assets
$527.5M
$419.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INNV
INNV
RNGR
RNGR
Q4 25
$126.0M
$10.3M
Q3 25
$109.4M
$45.2M
Q2 25
$105.9M
$48.9M
Q1 25
$101.7M
$40.3M
Q4 24
$86.9M
$40.9M
Q3 24
$85.7M
$14.8M
Q2 24
$102.8M
$8.7M
Q1 24
$99.3M
$11.1M
Total Debt
INNV
INNV
RNGR
RNGR
Q4 25
Q3 25
Q2 25
$60.0M
Q1 25
Q4 24
$0
Q3 24
$0
Q2 24
$66.0M
$0
Q1 24
$0
Stockholders' Equity
INNV
INNV
RNGR
RNGR
Q4 25
$256.8M
$300.1M
Q3 25
$245.0M
$270.0M
Q2 25
$235.0M
$276.9M
Q1 25
$238.0M
$272.6M
Q4 24
$248.5M
$273.8M
Q3 24
$260.9M
$267.6M
Q2 24
$269.3M
$260.5M
Q1 24
$281.1M
$261.7M
Total Assets
INNV
INNV
RNGR
RNGR
Q4 25
$527.5M
$419.3M
Q3 25
$510.2M
$372.8M
Q2 25
$526.9M
$381.7M
Q1 25
$536.6M
$376.5M
Q4 24
$524.8M
$381.6M
Q3 24
$527.7M
$373.9M
Q2 24
$547.7M
$359.6M
Q1 24
$527.4M
$355.5M
Debt / Equity
INNV
INNV
RNGR
RNGR
Q4 25
Q3 25
Q2 25
0.26×
Q1 25
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.25×
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
INNV
INNV
RNGR
RNGR
Operating Cash FlowLast quarter
$21.4M
$24.1M
Free Cash FlowOCF − Capex
$19.0M
$17.1M
FCF MarginFCF / Revenue
7.9%
12.0%
Capex IntensityCapex / Revenue
1.0%
4.9%
Cash ConversionOCF / Net Profit
2.01×
7.53×
TTM Free Cash FlowTrailing 4 quarters
$49.4M
$42.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INNV
INNV
RNGR
RNGR
Q4 25
$21.4M
$24.1M
Q3 25
$3.9M
$13.6M
Q2 25
$9.0M
$20.7M
Q1 25
$24.6M
$10.6M
Q4 24
$6.8M
$32.7M
Q3 24
$-7.5M
$17.7M
Q2 24
$1.9M
$22.1M
Q1 24
$3.5M
$12.0M
Free Cash Flow
INNV
INNV
RNGR
RNGR
Q4 25
$19.0M
$17.1M
Q3 25
$-153.0K
$8.0M
Q2 25
$8.8M
$14.4M
Q1 25
$21.7M
$3.4M
Q4 24
$5.4M
$27.3M
Q3 24
$-9.7M
$10.8M
Q2 24
$-1.4M
$6.8M
Q1 24
$3.1M
$5.5M
FCF Margin
INNV
INNV
RNGR
RNGR
Q4 25
7.9%
12.0%
Q3 25
-0.1%
6.2%
Q2 25
4.0%
10.2%
Q1 25
10.0%
2.5%
Q4 24
2.6%
19.1%
Q3 24
-4.7%
7.1%
Q2 24
-0.7%
4.9%
Q1 24
1.6%
4.0%
Capex Intensity
INNV
INNV
RNGR
RNGR
Q4 25
1.0%
4.9%
Q3 25
1.7%
4.3%
Q2 25
0.1%
4.5%
Q1 25
1.3%
5.3%
Q4 24
0.6%
3.8%
Q3 24
1.1%
4.5%
Q2 24
1.7%
11.1%
Q1 24
0.2%
4.7%
Cash Conversion
INNV
INNV
RNGR
RNGR
Q4 25
2.01×
7.53×
Q3 25
0.49×
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

INNV
INNV

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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