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Side-by-side financial comparison of PubMatic, Inc. (PUBM) and RING ENERGY, INC. (REI). Click either name above to swap in a different company.

RING ENERGY, INC. is the larger business by last-quarter revenue ($66.9M vs $62.6M, roughly 1.1× PubMatic, Inc.). On growth, PubMatic, Inc. posted the faster year-over-year revenue change (-2.0% vs -19.8%). Over the past eight quarters, PubMatic, Inc.'s revenue compounded faster (-3.6% CAGR vs -15.9%).

PubMatic, Inc. develops and implements online advertising software and strategies for the digital publishing and advertising industry. PubMatic's sell-side, real-time programmatic ad transaction advertising software puts publishers of websites, videos, and mobile apps into contact with ad buyers by using automated systems, while allowing users to opt-out of having their personal information collected on internet searches. PubMatic has a number of offices in countries around the world.

Siemens Energy AG is a German publicly traded energy corporation formed through the spin-off of the former Gas and Power division of Siemens, and it includes full ownership of Siemens Gamesa.

PUBM vs REI — Head-to-Head

Bigger by revenue
REI
REI
1.1× larger
REI
$66.9M
$62.6M
PUBM
Growing faster (revenue YoY)
PUBM
PUBM
+17.9% gap
PUBM
-2.0%
-19.8%
REI
Faster 2-yr revenue CAGR
PUBM
PUBM
Annualised
PUBM
-3.6%
-15.9%
REI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
PUBM
PUBM
REI
REI
Revenue
$62.6M
$66.9M
Net Profit
$-12.5M
Gross Margin
58.3%
Operating Margin
17.3%
-37.6%
Net Margin
-20.0%
Revenue YoY
-2.0%
-19.8%
Net Profit YoY
-31.9%
EPS (diluted)
$-0.27
$-0.07

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
PUBM
PUBM
REI
REI
Q1 26
$62.6M
Q4 25
$80.0M
$66.9M
Q3 25
$68.0M
$78.6M
Q2 25
$71.1M
$82.6M
Q1 25
$63.8M
$79.1M
Q4 24
$85.5M
$83.4M
Q3 24
$71.8M
$89.2M
Q2 24
$67.3M
$99.1M
Net Profit
PUBM
PUBM
REI
REI
Q1 26
$-12.5M
Q4 25
Q3 25
$-6.5M
$-51.6M
Q2 25
$-5.2M
$20.6M
Q1 25
$-9.5M
$9.1M
Q4 24
Q3 24
$-912.0K
$33.9M
Q2 24
$2.0M
$22.4M
Gross Margin
PUBM
PUBM
REI
REI
Q1 26
58.3%
Q4 25
68.2%
Q3 25
62.6%
Q2 25
62.6%
Q1 25
59.9%
Q4 24
70.8%
Q3 24
64.5%
Q2 24
62.6%
Operating Margin
PUBM
PUBM
REI
REI
Q1 26
17.3%
Q4 25
10.6%
-37.6%
Q3 25
-12.4%
-70.0%
Q2 25
-7.7%
28.4%
Q1 25
-18.6%
28.3%
Q4 24
17.3%
28.3%
Q3 24
-1.9%
33.4%
Q2 24
-5.9%
42.2%
Net Margin
PUBM
PUBM
REI
REI
Q1 26
-20.0%
Q4 25
Q3 25
-9.5%
-65.7%
Q2 25
-7.3%
25.0%
Q1 25
-14.9%
11.5%
Q4 24
Q3 24
-1.3%
38.0%
Q2 24
2.9%
22.6%
EPS (diluted)
PUBM
PUBM
REI
REI
Q1 26
$-0.27
Q4 25
$0.14
$-0.07
Q3 25
$-0.14
$-0.25
Q2 25
$-0.11
$0.10
Q1 25
$-0.20
$0.05
Q4 24
$0.26
$0.03
Q3 24
$-0.02
$0.17
Q2 24
$0.04
$0.11

Balance Sheet & Financial Strength

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

Metric
PUBM
PUBM
REI
REI
Cash + ST InvestmentsLiquidity on hand
$144.9M
$902.9K
Total DebtLower is stronger
Stockholders' EquityBook value
$251.0M
$836.3M
Total Assets
$659.4M
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PUBM
PUBM
REI
REI
Q1 26
$144.9M
Q4 25
$145.5M
$902.9K
Q3 25
$136.5M
$286.9K
Q2 25
$90.5M
Q1 25
$101.8M
$1.1M
Q4 24
$100.5M
$1.9M
Q3 24
$78.9M
Q2 24
$73.5M
$1.2M
Stockholders' Equity
PUBM
PUBM
REI
REI
Q1 26
$251.0M
Q4 25
$262.6M
$836.3M
Q3 25
$245.1M
$847.7M
Q2 25
$243.3M
$897.9M
Q1 25
$275.6M
$876.0M
Q4 24
$277.3M
$858.6M
Q3 24
$263.2M
$851.3M
Q2 24
$282.7M
$817.4M
Total Assets
PUBM
PUBM
REI
REI
Q1 26
$659.4M
Q4 25
$680.2M
$1.4B
Q3 25
$676.2M
$1.4B
Q2 25
$675.2M
$1.5B
Q1 25
$668.6M
$1.5B
Q4 24
$739.5M
$1.4B
Q3 24
$689.1M
$1.4B
Q2 24
$673.1M
$1.4B

Cash Flow & Capital Efficiency

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

Metric
PUBM
PUBM
REI
REI
Operating Cash FlowLast quarter
$17.3M
$44.7M
Free Cash FlowOCF − Capex
$10.7M
FCF MarginFCF / Revenue
17.1%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$63.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PUBM
PUBM
REI
REI
Q1 26
$17.3M
Q4 25
$18.2M
$44.7M
Q3 25
$32.4M
$44.5M
Q2 25
$14.9M
$33.3M
Q1 25
$15.6M
$28.4M
Q4 24
$18.0M
$47.3M
Q3 24
$19.1M
$51.3M
Q2 24
$11.9M
$50.6M
Free Cash Flow
PUBM
PUBM
REI
REI
Q1 26
$10.7M
Q4 25
$11.3M
Q3 25
$27.7M
Q2 25
$13.6M
Q1 25
$14.2M
Q4 24
$13.7M
Q3 24
$7.4M
Q2 24
$11.2M
FCF Margin
PUBM
PUBM
REI
REI
Q1 26
17.1%
Q4 25
14.1%
Q3 25
40.8%
Q2 25
19.1%
Q1 25
22.2%
Q4 24
16.1%
Q3 24
10.3%
Q2 24
16.7%
Capex Intensity
PUBM
PUBM
REI
REI
Q1 26
Q4 25
8.6%
Q3 25
6.9%
Q2 25
1.9%
Q1 25
2.3%
Q4 24
5.1%
Q3 24
16.3%
Q2 24
1.1%
Cash Conversion
PUBM
PUBM
REI
REI
Q1 26
Q4 25
Q3 25
Q2 25
1.61×
Q1 25
3.11×
Q4 24
Q3 24
1.52×
Q2 24
6.06×
2.26×

Financial Flow Comparison

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

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