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Side-by-side financial comparison of Innoviva, Inc. (INVA) 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 $114.6M, roughly 1.2× Innoviva, Inc.). Innoviva, Inc. runs the higher net margin — 143.2% vs 2.3%, a 141.0% gap on every dollar of revenue. On growth, Innoviva, Inc. posted the faster year-over-year revenue change (24.8% vs -0.6%). Over the past eight quarters, Innoviva, Inc.'s revenue compounded faster (21.6% CAGR vs 1.9%).

Innoviva, Inc. is a healthcare company specializing in the development, commercialization, and royalty management of prescription therapeutics for respiratory diseases, infectious diseases, and critical care conditions. It partners with leading global pharmaceutical firms to deliver treatments for asthma, COPD and other chronic illnesses to patients across core markets including North America and Europe.

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.

INVA vs RNGR — Head-to-Head

Bigger by revenue
RNGR
RNGR
1.2× larger
RNGR
$142.2M
$114.6M
INVA
Growing faster (revenue YoY)
INVA
INVA
+25.5% gap
INVA
24.8%
-0.6%
RNGR
Higher net margin
INVA
INVA
141.0% more per $
INVA
143.2%
2.3%
RNGR
Faster 2-yr revenue CAGR
INVA
INVA
Annualised
INVA
21.6%
1.9%
RNGR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INVA
INVA
RNGR
RNGR
Revenue
$114.6M
$142.2M
Net Profit
$164.2M
$3.2M
Gross Margin
66.0%
Operating Margin
34.0%
2.3%
Net Margin
143.2%
2.3%
Revenue YoY
24.8%
-0.6%
Net Profit YoY
707.4%
-44.8%
EPS (diluted)
$2.19
$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
INVA
INVA
RNGR
RNGR
Q4 25
$114.6M
$142.2M
Q3 25
$107.8M
$128.9M
Q2 25
$100.3M
$140.6M
Q1 25
$88.6M
$135.2M
Q4 24
$91.8M
$143.1M
Q3 24
$89.5M
$153.0M
Q2 24
$99.9M
$138.1M
Q1 24
$77.5M
$136.9M
Net Profit
INVA
INVA
RNGR
RNGR
Q4 25
$164.2M
$3.2M
Q3 25
$89.9M
$1.2M
Q2 25
$63.7M
$7.3M
Q1 25
$-46.6M
$600.0K
Q4 24
$20.3M
$5.8M
Q3 24
$1.2M
$8.7M
Q2 24
$-34.7M
$4.7M
Q1 24
$36.5M
$-800.0K
Gross Margin
INVA
INVA
RNGR
RNGR
Q4 25
66.0%
Q3 25
70.1%
Q2 25
82.9%
Q1 25
82.7%
Q4 24
85.1%
Q3 24
81.6%
Q2 24
85.1%
Q1 24
77.5%
Operating Margin
INVA
INVA
RNGR
RNGR
Q4 25
34.0%
2.3%
Q3 25
32.1%
2.0%
Q2 25
48.6%
6.1%
Q1 25
46.7%
0.7%
Q4 24
47.0%
6.2%
Q3 24
48.3%
8.4%
Q2 24
54.7%
5.3%
Q1 24
33.3%
-0.4%
Net Margin
INVA
INVA
RNGR
RNGR
Q4 25
143.2%
2.3%
Q3 25
83.4%
0.9%
Q2 25
63.5%
5.2%
Q1 25
-52.6%
0.4%
Q4 24
22.1%
4.1%
Q3 24
1.4%
5.7%
Q2 24
-34.7%
3.4%
Q1 24
47.1%
-0.6%
EPS (diluted)
INVA
INVA
RNGR
RNGR
Q4 25
$2.19
$0.14
Q3 25
$1.08
$0.05
Q2 25
$0.77
$0.32
Q1 25
$-0.74
$0.03
Q4 24
$0.43
$0.24
Q3 24
$0.02
$0.39
Q2 24
$-0.55
$0.21
Q1 24
$0.46
$-0.03

Balance Sheet & Financial Strength

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

Metric
INVA
INVA
RNGR
RNGR
Cash + ST InvestmentsLiquidity on hand
$550.9M
$10.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$300.1M
Total Assets
$1.6B
$419.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INVA
INVA
RNGR
RNGR
Q4 25
$550.9M
$10.3M
Q3 25
$476.5M
$45.2M
Q2 25
$397.5M
$48.9M
Q1 25
$319.1M
$40.3M
Q4 24
$305.0M
$40.9M
Q3 24
$260.6M
$14.8M
Q2 24
$217.0M
$8.7M
Q1 24
$178.4M
$11.1M
Total Debt
INVA
INVA
RNGR
RNGR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
$0
Q2 24
$0
Q1 24
$0
Stockholders' Equity
INVA
INVA
RNGR
RNGR
Q4 25
$1.2B
$300.1M
Q3 25
$1.0B
$270.0M
Q2 25
$714.8M
$276.9M
Q1 25
$646.9M
$272.6M
Q4 24
$691.2M
$273.8M
Q3 24
$668.5M
$267.6M
Q2 24
$665.5M
$260.5M
Q1 24
$703.7M
$261.7M
Total Assets
INVA
INVA
RNGR
RNGR
Q4 25
$1.6B
$419.3M
Q3 25
$1.4B
$372.8M
Q2 25
$1.3B
$381.7M
Q1 25
$1.3B
$376.5M
Q4 24
$1.3B
$381.6M
Q3 24
$1.2B
$373.9M
Q2 24
$1.2B
$359.6M
Q1 24
$1.3B
$355.5M
Debt / Equity
INVA
INVA
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
INVA
INVA
RNGR
RNGR
Operating Cash FlowLast quarter
$54.5M
$24.1M
Free Cash FlowOCF − Capex
$17.1M
FCF MarginFCF / Revenue
12.0%
Capex IntensityCapex / Revenue
4.9%
Cash ConversionOCF / Net Profit
0.33×
7.53×
TTM Free Cash FlowTrailing 4 quarters
$42.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INVA
INVA
RNGR
RNGR
Q4 25
$54.5M
$24.1M
Q3 25
$49.7M
$13.6M
Q2 25
$44.1M
$20.7M
Q1 25
$48.6M
$10.6M
Q4 24
$59.2M
$32.7M
Q3 24
$48.7M
$17.7M
Q2 24
$43.7M
$22.1M
Q1 24
$37.0M
$12.0M
Free Cash Flow
INVA
INVA
RNGR
RNGR
Q4 25
$17.1M
Q3 25
$8.0M
Q2 25
$14.4M
Q1 25
$3.4M
Q4 24
$27.3M
Q3 24
$48.4M
$10.8M
Q2 24
$6.8M
Q1 24
$5.5M
FCF Margin
INVA
INVA
RNGR
RNGR
Q4 25
12.0%
Q3 25
6.2%
Q2 25
10.2%
Q1 25
2.5%
Q4 24
19.1%
Q3 24
54.1%
7.1%
Q2 24
4.9%
Q1 24
4.0%
Capex Intensity
INVA
INVA
RNGR
RNGR
Q4 25
4.9%
Q3 25
4.3%
Q2 25
4.5%
Q1 25
5.3%
Q4 24
0.0%
3.8%
Q3 24
0.3%
4.5%
Q2 24
0.0%
11.1%
Q1 24
0.0%
4.7%
Cash Conversion
INVA
INVA
RNGR
RNGR
Q4 25
0.33×
7.53×
Q3 25
0.55×
11.33×
Q2 25
0.69×
2.84×
Q1 25
17.67×
Q4 24
2.91×
5.64×
Q3 24
40.14×
2.03×
Q2 24
4.70×
Q1 24
1.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

INVA
INVA

Royalty$54.9M48%
Xacduro$32.1M28%
Giapreza$19.6M17%
Xerava$7.3M6%

RNGR
RNGR

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

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