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Side-by-side financial comparison of Nine Energy Service, Inc. (NINE) and Rapid7, Inc. (RPD). Click either name above to swap in a different company.

Rapid7, Inc. is the larger business by last-quarter revenue ($217.4M vs $132.2M, roughly 1.6× Nine Energy Service, Inc.). Rapid7, Inc. runs the higher net margin — 1.4% vs -14.5%, a 16.0% gap on every dollar of revenue. On growth, Rapid7, Inc. posted the faster year-over-year revenue change (0.5% vs -6.5%). Rapid7, Inc. produced more free cash flow last quarter ($36.4M vs $-4.8M). Over the past eight quarters, Rapid7, Inc.'s revenue compounded faster (3.0% 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.

Rapid7, Inc. is a leading global cybersecurity company that offers a full portfolio of solutions including vulnerability management, threat detection and response, cloud security, and security analytics. It serves enterprises, SMBs, and public sector entities across industries like tech, healthcare, finance, and manufacturing worldwide, helping clients address and mitigate cyber risks efficiently.

NINE vs RPD — Head-to-Head

Bigger by revenue
RPD
RPD
1.6× larger
RPD
$217.4M
$132.2M
NINE
Growing faster (revenue YoY)
RPD
RPD
+7.1% gap
RPD
0.5%
-6.5%
NINE
Higher net margin
RPD
RPD
16.0% more per $
RPD
1.4%
-14.5%
NINE
More free cash flow
RPD
RPD
$41.2M more FCF
RPD
$36.4M
$-4.8M
NINE
Faster 2-yr revenue CAGR
RPD
RPD
Annualised
RPD
3.0%
-3.6%
NINE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NINE
NINE
RPD
RPD
Revenue
$132.2M
$217.4M
Net Profit
$-19.2M
$3.1M
Gross Margin
68.9%
Operating Margin
-4.2%
1.0%
Net Margin
-14.5%
1.4%
Revenue YoY
-6.5%
0.5%
Net Profit YoY
-117.4%
44.1%
EPS (diluted)
$-0.47
$0.05

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
RPD
RPD
Q4 25
$132.2M
$217.4M
Q3 25
$132.0M
$218.0M
Q2 25
$147.3M
$214.2M
Q1 25
$150.5M
$210.3M
Q4 24
$141.4M
$216.3M
Q3 24
$138.2M
$214.7M
Q2 24
$132.4M
$208.0M
Q1 24
$142.1M
$205.1M
Net Profit
NINE
NINE
RPD
RPD
Q4 25
$-19.2M
$3.1M
Q3 25
$-14.6M
$9.8M
Q2 25
$-10.4M
$8.3M
Q1 25
$-7.1M
$2.1M
Q4 24
$-8.8M
$2.2M
Q3 24
$-10.1M
$15.4M
Q2 24
$-14.0M
$6.5M
Q1 24
$-8.1M
$1.4M
Gross Margin
NINE
NINE
RPD
RPD
Q4 25
68.9%
Q3 25
70.2%
Q2 25
70.6%
Q1 25
71.7%
Q4 24
69.5%
Q3 24
70.6%
Q2 24
70.7%
Q1 24
70.3%
Operating Margin
NINE
NINE
RPD
RPD
Q4 25
-4.2%
1.0%
Q3 25
-0.9%
2.7%
Q2 25
2.3%
1.6%
Q1 25
3.7%
-0.0%
Q4 24
2.5%
3.4%
Q3 24
1.8%
6.0%
Q2 24
-1.1%
2.5%
Q1 24
3.1%
4.7%
Net Margin
NINE
NINE
RPD
RPD
Q4 25
-14.5%
1.4%
Q3 25
-11.1%
4.5%
Q2 25
-7.1%
3.9%
Q1 25
-4.7%
1.0%
Q4 24
-6.3%
1.0%
Q3 24
-7.3%
7.2%
Q2 24
-10.6%
3.1%
Q1 24
-5.7%
0.7%
EPS (diluted)
NINE
NINE
RPD
RPD
Q4 25
$-0.47
$0.05
Q3 25
$-0.35
$0.15
Q2 25
$-0.25
$0.13
Q1 25
$-0.18
$0.03
Q4 24
$-0.21
$0.08
Q3 24
$-0.26
$0.21
Q2 24
$-0.40
$0.09
Q1 24
$-0.24
$0.02

Balance Sheet & Financial Strength

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

Metric
NINE
NINE
RPD
RPD
Cash + ST InvestmentsLiquidity on hand
$18.4M
$474.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$-115.0M
$154.7M
Total Assets
$339.5M
$1.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NINE
NINE
RPD
RPD
Q4 25
$18.4M
$474.7M
Q3 25
$14.4M
$407.1M
Q2 25
$14.2M
$511.7M
Q1 25
$17.3M
$493.5M
Q4 24
$27.9M
$521.7M
Q3 24
$15.7M
$443.7M
Q2 24
$26.0M
$442.6M
Q1 24
$10.2M
$411.7M
Stockholders' Equity
NINE
NINE
RPD
RPD
Q4 25
$-115.0M
$154.7M
Q3 25
$-95.9M
$127.2M
Q2 25
$-81.7M
$90.4M
Q1 25
$-72.1M
$52.7M
Q4 24
$-66.1M
$17.7M
Q3 24
$-57.6M
$-5.1M
Q2 24
$-49.7M
$-52.6M
Q1 24
$-43.3M
$-86.4M
Total Assets
NINE
NINE
RPD
RPD
Q4 25
$339.5M
$1.7B
Q3 25
$340.7M
$1.7B
Q2 25
$361.2M
$1.6B
Q1 25
$359.2M
$1.6B
Q4 24
$360.1M
$1.7B
Q3 24
$353.2M
$1.6B
Q2 24
$381.7M
$1.5B
Q1 24
$380.4M
$1.5B

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
RPD
RPD
Operating Cash FlowLast quarter
$-2.2M
$37.6M
Free Cash FlowOCF − Capex
$-4.8M
$36.4M
FCF MarginFCF / Revenue
-3.6%
16.8%
Capex IntensityCapex / Revenue
2.0%
0.5%
Cash ConversionOCF / Net Profit
12.01×
TTM Free Cash FlowTrailing 4 quarters
$-23.3M
$146.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NINE
NINE
RPD
RPD
Q4 25
$-2.2M
$37.6M
Q3 25
$-9.9M
$39.0M
Q2 25
$10.1M
$47.5M
Q1 25
$-5.3M
$29.8M
Q4 24
$15.0M
$63.8M
Q3 24
$-5.8M
$44.0M
Q2 24
$12.9M
$32.9M
Q1 24
$-8.8M
$31.1M
Free Cash Flow
NINE
NINE
RPD
RPD
Q4 25
$-4.8M
$36.4M
Q3 25
$-13.4M
$34.8M
Q2 25
$4.2M
$46.6M
Q1 25
$-9.3M
$28.4M
Q4 24
$11.8M
$62.6M
Q3 24
$-9.3M
$42.6M
Q2 24
$10.3M
$32.6M
Q1 24
$-14.3M
$30.4M
FCF Margin
NINE
NINE
RPD
RPD
Q4 25
-3.6%
16.8%
Q3 25
-10.2%
16.0%
Q2 25
2.9%
21.8%
Q1 25
-6.2%
13.5%
Q4 24
8.3%
28.9%
Q3 24
-6.7%
19.9%
Q2 24
7.7%
15.7%
Q1 24
-10.1%
14.8%
Capex Intensity
NINE
NINE
RPD
RPD
Q4 25
2.0%
0.5%
Q3 25
2.6%
1.9%
Q2 25
4.0%
0.4%
Q1 25
2.6%
0.6%
Q4 24
2.3%
0.5%
Q3 24
2.5%
0.6%
Q2 24
2.0%
0.1%
Q1 24
3.9%
0.3%
Cash Conversion
NINE
NINE
RPD
RPD
Q4 25
12.01×
Q3 25
3.97×
Q2 25
5.70×
Q1 25
14.14×
Q4 24
29.36×
Q3 24
2.85×
Q2 24
5.03×
Q1 24
22.10×

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%

RPD
RPD

Products$209.1M96%
Services$8.2M4%

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