vs

Side-by-side financial comparison of Millrose Properties, Inc. (MRP) and Ranger Energy Services, Inc. (RNGR). Click either name above to swap in a different company.

Millrose Properties, Inc. is the larger business by last-quarter revenue ($189.5M vs $142.2M, roughly 1.3× Ranger Energy Services, Inc.). Millrose Properties, Inc. runs the higher net margin — 64.5% vs 2.3%, a 62.3% gap on every dollar of revenue.

Millrose Properties, Inc. is a U.S.-based real estate enterprise primarily focused on the acquisition, ownership, operation, and management of income-generating multi-family residential assets. Its core markets span the U.S. Mid-Atlantic and Southeast regions, and it also offers professional property management services to select third-party property owners.

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.

MRP vs RNGR — Head-to-Head

Bigger by revenue
MRP
MRP
1.3× larger
MRP
$189.5M
$142.2M
RNGR
Higher net margin
MRP
MRP
62.3% more per $
MRP
64.5%
2.3%
RNGR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MRP
MRP
RNGR
RNGR
Revenue
$189.5M
$142.2M
Net Profit
$122.2M
$3.2M
Gross Margin
Operating Margin
84.8%
2.3%
Net Margin
64.5%
2.3%
Revenue YoY
-0.6%
Net Profit YoY
285.8%
-44.8%
EPS (diluted)
$0.74
$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
MRP
MRP
RNGR
RNGR
Q4 25
$189.5M
$142.2M
Q3 25
$179.3M
$128.9M
Q2 25
$149.0M
$140.6M
Q1 25
$82.7M
$135.2M
Q4 24
$143.1M
Q3 24
$153.0M
Q2 24
$138.1M
Q1 24
$136.9M
Net Profit
MRP
MRP
RNGR
RNGR
Q4 25
$122.2M
$3.2M
Q3 25
$105.1M
$1.2M
Q2 25
$112.8M
$7.3M
Q1 25
$39.8M
$600.0K
Q4 24
$5.8M
Q3 24
$8.7M
Q2 24
$4.7M
Q1 24
$-800.0K
Operating Margin
MRP
MRP
RNGR
RNGR
Q4 25
84.8%
2.3%
Q3 25
85.3%
2.0%
Q2 25
85.1%
6.1%
Q1 25
55.2%
0.7%
Q4 24
6.2%
Q3 24
8.4%
Q2 24
5.3%
Q1 24
-0.4%
Net Margin
MRP
MRP
RNGR
RNGR
Q4 25
64.5%
2.3%
Q3 25
58.6%
0.9%
Q2 25
75.7%
5.2%
Q1 25
48.1%
0.4%
Q4 24
4.1%
Q3 24
5.7%
Q2 24
3.4%
Q1 24
-0.6%
EPS (diluted)
MRP
MRP
RNGR
RNGR
Q4 25
$0.74
$0.14
Q3 25
$0.63
$0.05
Q2 25
$0.68
$0.32
Q1 25
$0.39
$0.03
Q4 24
$0.24
Q3 24
$0.39
Q2 24
$0.21
Q1 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
MRP
MRP
RNGR
RNGR
Cash + ST InvestmentsLiquidity on hand
$35.0M
$10.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.9B
$300.1M
Total Assets
$9.3B
$419.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRP
MRP
RNGR
RNGR
Q4 25
$35.0M
$10.3M
Q3 25
$242.6M
$45.2M
Q2 25
$66.6M
$48.9M
Q1 25
$89.5M
$40.3M
Q4 24
$40.9M
Q3 24
$14.8M
Q2 24
$8.7M
Q1 24
$11.1M
Total Debt
MRP
MRP
RNGR
RNGR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
$0
Q2 24
$0
Q1 24
$0
Stockholders' Equity
MRP
MRP
RNGR
RNGR
Q4 25
$5.9B
$300.1M
Q3 25
$5.9B
$270.0M
Q2 25
$5.9B
$276.9M
Q1 25
$5.9B
$272.6M
Q4 24
$273.8M
Q3 24
$267.6M
Q2 24
$260.5M
Q1 24
$261.7M
Total Assets
MRP
MRP
RNGR
RNGR
Q4 25
$9.3B
$419.3M
Q3 25
$9.0B
$372.8M
Q2 25
$8.0B
$381.7M
Q1 25
$7.2B
$376.5M
Q4 24
$381.6M
Q3 24
$373.9M
Q2 24
$359.6M
Q1 24
$355.5M
Debt / Equity
MRP
MRP
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
MRP
MRP
RNGR
RNGR
Operating Cash FlowLast quarter
$3.7B
$24.1M
Free Cash FlowOCF − Capex
$17.1M
FCF MarginFCF / Revenue
12.0%
Capex IntensityCapex / Revenue
4.9%
Cash ConversionOCF / Net Profit
30.05×
7.53×
TTM Free Cash FlowTrailing 4 quarters
$42.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRP
MRP
RNGR
RNGR
Q4 25
$3.7B
$24.1M
Q3 25
$123.1M
$13.6M
Q2 25
$109.1M
$20.7M
Q1 25
$21.3M
$10.6M
Q4 24
$32.7M
Q3 24
$17.7M
Q2 24
$22.1M
Q1 24
$12.0M
Free Cash Flow
MRP
MRP
RNGR
RNGR
Q4 25
$17.1M
Q3 25
$8.0M
Q2 25
$14.4M
Q1 25
$3.4M
Q4 24
$27.3M
Q3 24
$10.8M
Q2 24
$6.8M
Q1 24
$5.5M
FCF Margin
MRP
MRP
RNGR
RNGR
Q4 25
12.0%
Q3 25
6.2%
Q2 25
10.2%
Q1 25
2.5%
Q4 24
19.1%
Q3 24
7.1%
Q2 24
4.9%
Q1 24
4.0%
Capex Intensity
MRP
MRP
RNGR
RNGR
Q4 25
4.9%
Q3 25
4.3%
Q2 25
4.5%
Q1 25
5.3%
Q4 24
3.8%
Q3 24
4.5%
Q2 24
11.1%
Q1 24
4.7%
Cash Conversion
MRP
MRP
RNGR
RNGR
Q4 25
30.05×
7.53×
Q3 25
1.17×
11.33×
Q2 25
0.97×
2.84×
Q1 25
0.53×
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

MRP
MRP

Segment breakdown not available.

RNGR
RNGR

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

Related Comparisons