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Side-by-side financial comparison of KORE Group Holdings, Inc. (KORE) 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 $73.9M, roughly 1.9× KORE Group Holdings, Inc.). Ranger Energy Services, Inc. runs the higher net margin — 2.3% vs -25.0%, a 27.3% gap on every dollar of revenue. On growth, KORE Group Holdings, Inc. posted the faster year-over-year revenue change (0.7% vs -0.6%). Ranger Energy Services, Inc. produced more free cash flow last quarter ($17.1M vs $9.4M). Over the past eight quarters, Ranger Energy Services, Inc.'s revenue compounded faster (1.9% CAGR vs -1.4%).

KORE Wireless is a publicly traded company that provides IoT connectivity, managed services, and related solutions. The company supports applications across sectors including healthcare, logistics, fleet, utilities, and industrial automation, with more than 20 million active connections reported worldwide.

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.

KORE vs RNGR — Head-to-Head

Bigger by revenue
RNGR
RNGR
1.9× larger
RNGR
$142.2M
$73.9M
KORE
Growing faster (revenue YoY)
KORE
KORE
+1.4% gap
KORE
0.7%
-0.6%
RNGR
Higher net margin
RNGR
RNGR
27.3% more per $
RNGR
2.3%
-25.0%
KORE
More free cash flow
RNGR
RNGR
$7.7M more FCF
RNGR
$17.1M
$9.4M
KORE
Faster 2-yr revenue CAGR
RNGR
RNGR
Annualised
RNGR
1.9%
-1.4%
KORE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KORE
KORE
RNGR
RNGR
Revenue
$73.9M
$142.2M
Net Profit
$-18.5M
$3.2M
Gross Margin
Operating Margin
-0.8%
2.3%
Net Margin
-25.0%
2.3%
Revenue YoY
0.7%
-0.6%
Net Profit YoY
27.4%
-44.8%
EPS (diluted)
$-0.92
$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
KORE
KORE
RNGR
RNGR
Q4 25
$73.9M
$142.2M
Q3 25
$68.7M
$128.9M
Q2 25
$71.3M
$140.6M
Q1 25
$72.1M
$135.2M
Q4 24
$73.3M
$143.1M
Q3 24
$68.9M
$153.0M
Q2 24
$67.9M
$138.1M
Q1 24
$76.0M
$136.9M
Net Profit
KORE
KORE
RNGR
RNGR
Q4 25
$-18.5M
$3.2M
Q3 25
$-12.7M
$1.2M
Q2 25
$-16.9M
$7.3M
Q1 25
$-14.9M
$600.0K
Q4 24
$-25.4M
$5.8M
Q3 24
$-19.4M
$8.7M
Q2 24
$-83.6M
$4.7M
Q1 24
$-17.6M
$-800.0K
Operating Margin
KORE
KORE
RNGR
RNGR
Q4 25
-0.8%
2.3%
Q3 25
-6.1%
2.0%
Q2 25
-7.3%
6.1%
Q1 25
-3.4%
0.7%
Q4 24
-17.8%
6.2%
Q3 24
-8.2%
8.4%
Q2 24
-113.0%
5.3%
Q1 24
-9.7%
-0.4%
Net Margin
KORE
KORE
RNGR
RNGR
Q4 25
-25.0%
2.3%
Q3 25
-18.5%
0.9%
Q2 25
-23.7%
5.2%
Q1 25
-20.7%
0.4%
Q4 24
-34.7%
4.1%
Q3 24
-28.2%
5.7%
Q2 24
-123.2%
3.4%
Q1 24
-23.1%
-0.6%
EPS (diluted)
KORE
KORE
RNGR
RNGR
Q4 25
$-0.92
$0.14
Q3 25
$-0.64
$0.05
Q2 25
$-0.86
$0.32
Q1 25
$-0.77
$0.03
Q4 24
$-1.29
$0.24
Q3 24
$-1.00
$0.39
Q2 24
$-4.37
$0.21
Q1 24
$-0.93
$-0.03

Balance Sheet & Financial Strength

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

Metric
KORE
KORE
RNGR
RNGR
Cash + ST InvestmentsLiquidity on hand
$26.7M
$10.3M
Total DebtLower is stronger
$301.3M
Stockholders' EquityBook value
$-163.8M
$300.1M
Total Assets
$410.5M
$419.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KORE
KORE
RNGR
RNGR
Q4 25
$26.7M
$10.3M
Q3 25
$19.3M
$45.2M
Q2 25
$21.0M
$48.9M
Q1 25
$19.7M
$40.3M
Q4 24
$19.4M
$40.9M
Q3 24
$18.6M
$14.8M
Q2 24
$22.3M
$8.7M
Q1 24
$23.0M
$11.1M
Total Debt
KORE
KORE
RNGR
RNGR
Q4 25
$301.3M
Q3 25
Q2 25
Q1 25
Q4 24
$303.1M
$0
Q3 24
$0
Q2 24
$0
Q1 24
$0
Stockholders' Equity
KORE
KORE
RNGR
RNGR
Q4 25
$-163.8M
$300.1M
Q3 25
$-145.7M
$270.0M
Q2 25
$-133.5M
$276.9M
Q1 25
$-114.9M
$272.6M
Q4 24
$-99.6M
$273.8M
Q3 24
$-77.2M
$267.6M
Q2 24
$-57.2M
$260.5M
Q1 24
$22.3M
$261.7M
Total Assets
KORE
KORE
RNGR
RNGR
Q4 25
$410.5M
$419.3M
Q3 25
$423.4M
$372.8M
Q2 25
$432.9M
$381.7M
Q1 25
$445.1M
$376.5M
Q4 24
$455.8M
$381.6M
Q3 24
$473.9M
$373.9M
Q2 24
$487.7M
$359.6M
Q1 24
$576.6M
$355.5M
Debt / Equity
KORE
KORE
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
KORE
KORE
RNGR
RNGR
Operating Cash FlowLast quarter
$10.4M
$24.1M
Free Cash FlowOCF − Capex
$9.4M
$17.1M
FCF MarginFCF / Revenue
12.7%
12.0%
Capex IntensityCapex / Revenue
1.5%
4.9%
Cash ConversionOCF / Net Profit
7.53×
TTM Free Cash FlowTrailing 4 quarters
$15.8M
$42.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KORE
KORE
RNGR
RNGR
Q4 25
$10.4M
$24.1M
Q3 25
$1.1M
$13.6M
Q2 25
$4.1M
$20.7M
Q1 25
$2.9M
$10.6M
Q4 24
$2.1M
$32.7M
Q3 24
$1.2M
$17.7M
Q2 24
$4.0M
$22.1M
Q1 24
$1.9M
$12.0M
Free Cash Flow
KORE
KORE
RNGR
RNGR
Q4 25
$9.4M
$17.1M
Q3 25
$879.0K
$8.0M
Q2 25
$2.8M
$14.4M
Q1 25
$2.7M
$3.4M
Q4 24
$2.0M
$27.3M
Q3 24
$973.0K
$10.8M
Q2 24
$3.1M
$6.8M
Q1 24
$1.0M
$5.5M
FCF Margin
KORE
KORE
RNGR
RNGR
Q4 25
12.7%
12.0%
Q3 25
1.3%
6.2%
Q2 25
4.0%
10.2%
Q1 25
3.8%
2.5%
Q4 24
2.7%
19.1%
Q3 24
1.4%
7.1%
Q2 24
4.6%
4.9%
Q1 24
1.4%
4.0%
Capex Intensity
KORE
KORE
RNGR
RNGR
Q4 25
1.5%
4.9%
Q3 25
0.3%
4.3%
Q2 25
1.8%
4.5%
Q1 25
0.2%
5.3%
Q4 24
0.1%
3.8%
Q3 24
0.3%
4.5%
Q2 24
1.3%
11.1%
Q1 24
1.2%
4.7%
Cash Conversion
KORE
KORE
RNGR
RNGR
Q4 25
7.53×
Q3 25
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

KORE
KORE

Io T Connectivity And Solutions Services$55.9M76%
Hardware Sales$15.4M21%
Deployment Services Professional Services Referral Services And Other$2.5M3%

RNGR
RNGR

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

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