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Side-by-side financial comparison of Nine Energy Service, Inc. (NINE) and LiveRamp Holdings, Inc. (RAMP). Click either name above to swap in a different company.

LiveRamp Holdings, Inc. is the larger business by last-quarter revenue ($212.2M vs $132.2M, roughly 1.6× Nine Energy Service, Inc.). LiveRamp Holdings, Inc. runs the higher net margin — 18.8% vs -14.5%, a 33.3% gap on every dollar of revenue. On growth, LiveRamp Holdings, Inc. posted the faster year-over-year revenue change (8.6% vs -6.5%). Over the past eight quarters, LiveRamp Holdings, Inc.'s revenue compounded faster (11.1% CAGR vs -3.6%).

Xcel Energy Inc. is a U.S. regulated electric utility and natural gas delivery company based in Minneapolis, Minnesota, serving approximately 3.9 million electricity customers and 2.2 million natural gas customers across parts of eight states as of mid-2025. It consists of four operating subsidiaries: Northern States Power-Minnesota, Northern States Power-Wisconsin, Public Service Company of Colorado, and Southwestern Public Service Co.

LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.

NINE vs RAMP — Head-to-Head

Bigger by revenue
RAMP
RAMP
1.6× larger
RAMP
$212.2M
$132.2M
NINE
Growing faster (revenue YoY)
RAMP
RAMP
+15.1% gap
RAMP
8.6%
-6.5%
NINE
Higher net margin
RAMP
RAMP
33.3% more per $
RAMP
18.8%
-14.5%
NINE
Faster 2-yr revenue CAGR
RAMP
RAMP
Annualised
RAMP
11.1%
-3.6%
NINE

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
NINE
NINE
RAMP
RAMP
Revenue
$132.2M
$212.2M
Net Profit
$-19.2M
$39.9M
Gross Margin
71.9%
Operating Margin
-4.2%
18.6%
Net Margin
-14.5%
18.8%
Revenue YoY
-6.5%
8.6%
Net Profit YoY
-117.4%
255.7%
EPS (diluted)
$-0.47
$0.62

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
NINE
NINE
RAMP
RAMP
Q4 25
$132.2M
$212.2M
Q3 25
$132.0M
$199.8M
Q2 25
$147.3M
$194.8M
Q1 25
$150.5M
$188.7M
Q4 24
$141.4M
$195.4M
Q3 24
$138.2M
$185.5M
Q2 24
$132.4M
$176.0M
Q1 24
$142.1M
$171.9M
Net Profit
NINE
NINE
RAMP
RAMP
Q4 25
$-19.2M
$39.9M
Q3 25
$-14.6M
$27.4M
Q2 25
$-10.4M
$7.7M
Q1 25
$-7.1M
$-6.3M
Q4 24
$-8.8M
$11.2M
Q3 24
$-10.1M
$1.7M
Q2 24
$-14.0M
$-7.5M
Q1 24
$-8.1M
$-5.4M
Gross Margin
NINE
NINE
RAMP
RAMP
Q4 25
71.9%
Q3 25
70.2%
Q2 25
70.1%
Q1 25
69.3%
Q4 24
71.9%
Q3 24
72.4%
Q2 24
70.6%
Q1 24
72.2%
Operating Margin
NINE
NINE
RAMP
RAMP
Q4 25
-4.2%
18.6%
Q3 25
-0.9%
10.7%
Q2 25
2.3%
3.7%
Q1 25
3.7%
-6.1%
Q4 24
2.5%
7.5%
Q3 24
1.8%
4.0%
Q2 24
-1.1%
-3.0%
Q1 24
3.1%
-8.3%
Net Margin
NINE
NINE
RAMP
RAMP
Q4 25
-14.5%
18.8%
Q3 25
-11.1%
13.7%
Q2 25
-7.1%
4.0%
Q1 25
-4.7%
-3.3%
Q4 24
-6.3%
5.7%
Q3 24
-7.3%
0.9%
Q2 24
-10.6%
-4.3%
Q1 24
-5.7%
-3.1%
EPS (diluted)
NINE
NINE
RAMP
RAMP
Q4 25
$-0.47
$0.62
Q3 25
$-0.35
$0.42
Q2 25
$-0.25
$0.12
Q1 25
$-0.18
$-0.10
Q4 24
$-0.21
$0.17
Q3 24
$-0.26
$0.03
Q2 24
$-0.40
$-0.11
Q1 24
$-0.24
$-0.09

Balance Sheet & Financial Strength

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

Metric
NINE
NINE
RAMP
RAMP
Cash + ST InvestmentsLiquidity on hand
$18.4M
$403.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$-115.0M
$962.3M
Total Assets
$339.5M
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NINE
NINE
RAMP
RAMP
Q4 25
$18.4M
$403.4M
Q3 25
$14.4M
$376.9M
Q2 25
$14.2M
$371.1M
Q1 25
$17.3M
$420.8M
Q4 24
$27.9M
$384.3M
Q3 24
$15.7M
$348.4M
Q2 24
$26.0M
$342.7M
Q1 24
$10.2M
$368.9M
Stockholders' Equity
NINE
NINE
RAMP
RAMP
Q4 25
$-115.0M
$962.3M
Q3 25
$-95.9M
$943.8M
Q2 25
$-81.7M
$947.8M
Q1 25
$-72.1M
$948.9M
Q4 24
$-66.1M
$957.7M
Q3 24
$-57.6M
$932.1M
Q2 24
$-49.7M
$951.9M
Q1 24
$-43.3M
$949.1M
Total Assets
NINE
NINE
RAMP
RAMP
Q4 25
$339.5M
$1.3B
Q3 25
$340.7M
$1.2B
Q2 25
$361.2M
$1.2B
Q1 25
$359.2M
$1.3B
Q4 24
$360.1M
$1.3B
Q3 24
$353.2M
$1.2B
Q2 24
$381.7M
$1.2B
Q1 24
$380.4M
$1.2B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NINE
NINE
RAMP
RAMP
Operating Cash FlowLast quarter
$-2.2M
Free Cash FlowOCF − Capex
$-4.8M
FCF MarginFCF / Revenue
-3.6%
Capex IntensityCapex / Revenue
2.0%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-23.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NINE
NINE
RAMP
RAMP
Q4 25
$-2.2M
Q3 25
$-9.9M
$57.4M
Q2 25
$10.1M
$-15.8M
Q1 25
$-5.3M
Q4 24
$15.0M
$45.1M
Q3 24
$-5.8M
$55.6M
Q2 24
$12.9M
$-9.3M
Q1 24
$-8.8M
Free Cash Flow
NINE
NINE
RAMP
RAMP
Q4 25
$-4.8M
Q3 25
$-13.4M
$56.8M
Q2 25
$4.2M
$-16.2M
Q1 25
$-9.3M
Q4 24
$11.8M
$44.8M
Q3 24
$-9.3M
$55.4M
Q2 24
$10.3M
$-9.6M
Q1 24
$-14.3M
FCF Margin
NINE
NINE
RAMP
RAMP
Q4 25
-3.6%
Q3 25
-10.2%
28.4%
Q2 25
2.9%
-8.3%
Q1 25
-6.2%
Q4 24
8.3%
22.9%
Q3 24
-6.7%
29.8%
Q2 24
7.7%
-5.4%
Q1 24
-10.1%
Capex Intensity
NINE
NINE
RAMP
RAMP
Q4 25
2.0%
0.1%
Q3 25
2.6%
0.3%
Q2 25
4.0%
0.2%
Q1 25
2.6%
0.2%
Q4 24
2.3%
0.1%
Q3 24
2.5%
0.1%
Q2 24
2.0%
0.1%
Q1 24
3.9%
1.0%
Cash Conversion
NINE
NINE
RAMP
RAMP
Q4 25
Q3 25
2.09×
Q2 25
-2.04×
Q1 25
Q4 24
4.02×
Q3 24
32.10×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

NINE
NINE

Cement$52.6M40%
Tool Revenue$28.6M22%
Coiled Tubing$25.8M20%
Wireline$25.1M19%

RAMP
RAMP

Segment breakdown not available.

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