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

NovoCure Ltd is the larger business by last-quarter revenue ($174.3M vs $142.2M, roughly 1.2× Ranger Energy Services, Inc.). Ranger Energy Services, Inc. runs the higher net margin — 2.3% vs -14.1%, a 16.3% gap on every dollar of revenue. On growth, NovoCure Ltd posted the faster year-over-year revenue change (8.1% vs -0.6%). Over the past eight quarters, NovoCure Ltd's revenue compounded faster (7.7% CAGR vs 1.9%).

NovoCure Ltd is a global oncology company that develops and commercializes innovative Tumor Treating Fields (TTFields) therapy, a non-invasive wearable treatment using low-intensity electric fields to disrupt cancer cell division. Its approved therapies target glioblastoma, malignant mesothelioma and non-small cell lung cancer, serving patients across North America, Europe and Asia Pacific.

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.

NVCR vs RNGR — Head-to-Head

Bigger by revenue
NVCR
NVCR
1.2× larger
NVCR
$174.3M
$142.2M
RNGR
Growing faster (revenue YoY)
NVCR
NVCR
+8.7% gap
NVCR
8.1%
-0.6%
RNGR
Higher net margin
RNGR
RNGR
16.3% more per $
RNGR
2.3%
-14.1%
NVCR
Faster 2-yr revenue CAGR
NVCR
NVCR
Annualised
NVCR
7.7%
1.9%
RNGR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
NVCR
NVCR
RNGR
RNGR
Revenue
$174.3M
$142.2M
Net Profit
$-24.5M
$3.2M
Gross Margin
75.8%
Operating Margin
2.3%
Net Margin
-14.1%
2.3%
Revenue YoY
8.1%
-0.6%
Net Profit YoY
62.8%
-44.8%
EPS (diluted)
$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
NVCR
NVCR
RNGR
RNGR
Q1 26
$174.3M
Q4 25
$174.3M
$142.2M
Q3 25
$167.2M
$128.9M
Q2 25
$158.8M
$140.6M
Q1 25
$155.0M
$135.2M
Q4 24
$161.3M
$143.1M
Q3 24
$155.1M
$153.0M
Q2 24
$150.4M
$138.1M
Net Profit
NVCR
NVCR
RNGR
RNGR
Q1 26
$-24.5M
Q4 25
$-24.5M
$3.2M
Q3 25
$-37.3M
$1.2M
Q2 25
$-40.1M
$7.3M
Q1 25
$-34.3M
$600.0K
Q4 24
$-65.9M
$5.8M
Q3 24
$-30.6M
$8.7M
Q2 24
$-33.4M
$4.7M
Gross Margin
NVCR
NVCR
RNGR
RNGR
Q1 26
75.8%
Q4 25
75.8%
Q3 25
73.2%
Q2 25
73.9%
Q1 25
75.1%
Q4 24
79.2%
Q3 24
77.2%
Q2 24
77.0%
Operating Margin
NVCR
NVCR
RNGR
RNGR
Q1 26
Q4 25
-23.2%
2.3%
Q3 25
-21.5%
2.0%
Q2 25
-24.9%
6.1%
Q1 25
-24.4%
0.7%
Q4 24
-39.3%
6.2%
Q3 24
-20.7%
8.4%
Q2 24
-22.3%
5.3%
Net Margin
NVCR
NVCR
RNGR
RNGR
Q1 26
-14.1%
Q4 25
-14.1%
2.3%
Q3 25
-22.3%
0.9%
Q2 25
-25.3%
5.2%
Q1 25
-22.1%
0.4%
Q4 24
-40.9%
4.1%
Q3 24
-19.7%
5.7%
Q2 24
-22.2%
3.4%
EPS (diluted)
NVCR
NVCR
RNGR
RNGR
Q1 26
Q4 25
$-0.22
$0.14
Q3 25
$-0.33
$0.05
Q2 25
$-0.36
$0.32
Q1 25
$-0.31
$0.03
Q4 24
$-0.61
$0.24
Q3 24
$-0.28
$0.39
Q2 24
$-0.31
$0.21

Balance Sheet & Financial Strength

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

Metric
NVCR
NVCR
RNGR
RNGR
Cash + ST InvestmentsLiquidity on hand
$447.7M
$10.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$340.5M
$300.1M
Total Assets
$804.3M
$419.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVCR
NVCR
RNGR
RNGR
Q1 26
$447.7M
Q4 25
$93.5M
$10.3M
Q3 25
$342.1M
$45.2M
Q2 25
$149.6M
$48.9M
Q1 25
$127.3M
$40.3M
Q4 24
$163.8M
$40.9M
Q3 24
$185.4M
$14.8M
Q2 24
$164.8M
$8.7M
Total Debt
NVCR
NVCR
RNGR
RNGR
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
$0
Q2 24
$0
Stockholders' Equity
NVCR
NVCR
RNGR
RNGR
Q1 26
$340.5M
Q4 25
$340.5M
$300.1M
Q3 25
$341.3M
$270.0M
Q2 25
$349.4M
$276.9M
Q1 25
$362.0M
$272.6M
Q4 24
$360.2M
$273.8M
Q3 24
$360.8M
$267.6M
Q2 24
$361.8M
$260.5M
Total Assets
NVCR
NVCR
RNGR
RNGR
Q1 26
$804.3M
Q4 25
$804.3M
$419.3M
Q3 25
$1.4B
$372.8M
Q2 25
$1.2B
$381.7M
Q1 25
$1.2B
$376.5M
Q4 24
$1.2B
$381.6M
Q3 24
$1.2B
$373.9M
Q2 24
$1.2B
$359.6M
Debt / Equity
NVCR
NVCR
RNGR
RNGR
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
0.00×
Q2 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
NVCR
NVCR
RNGR
RNGR
Operating Cash FlowLast quarter
$24.1M
Free Cash FlowOCF − Capex
$17.1M
FCF MarginFCF / Revenue
12.0%
Capex IntensityCapex / Revenue
4.9%
Cash ConversionOCF / Net Profit
7.53×
TTM Free Cash FlowTrailing 4 quarters
$42.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVCR
NVCR
RNGR
RNGR
Q1 26
Q4 25
$-18.0M
$24.1M
Q3 25
$20.6M
$13.6M
Q2 25
$-15.9M
$20.7M
Q1 25
$-35.7M
$10.6M
Q4 24
$-3.5M
$32.7M
Q3 24
$10.4M
$17.7M
Q2 24
$-1.7M
$22.1M
Free Cash Flow
NVCR
NVCR
RNGR
RNGR
Q1 26
Q4 25
$-22.9M
$17.1M
Q3 25
$14.9M
$8.0M
Q2 25
$-21.4M
$14.4M
Q1 25
$-46.3M
$3.4M
Q4 24
$-12.4M
$27.3M
Q3 24
$-307.0K
$10.8M
Q2 24
$-13.2M
$6.8M
FCF Margin
NVCR
NVCR
RNGR
RNGR
Q1 26
Q4 25
-13.1%
12.0%
Q3 25
8.9%
6.2%
Q2 25
-13.5%
10.2%
Q1 25
-29.9%
2.5%
Q4 24
-7.7%
19.1%
Q3 24
-0.2%
7.1%
Q2 24
-8.8%
4.9%
Capex Intensity
NVCR
NVCR
RNGR
RNGR
Q1 26
Q4 25
2.8%
4.9%
Q3 25
3.4%
4.3%
Q2 25
3.5%
4.5%
Q1 25
6.8%
5.3%
Q4 24
5.5%
3.8%
Q3 24
6.9%
4.5%
Q2 24
7.6%
11.1%
Cash Conversion
NVCR
NVCR
RNGR
RNGR
Q1 26
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×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NVCR
NVCR

Segment breakdown not available.

RNGR
RNGR

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

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