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

RideNow Group, Inc. is the larger business by last-quarter revenue ($256.9M vs $142.2M, roughly 1.8× Ranger Energy Services, Inc.). Ranger Energy Services, Inc. runs the higher net margin — 2.3% vs -2.5%, a 4.7% gap on every dollar of revenue. On growth, Ranger Energy Services, Inc. posted the faster year-over-year revenue change (-0.6% vs -4.7%). Ranger Energy Services, Inc. produced more free cash flow last quarter ($17.1M vs $-200.0K). Over the past eight quarters, Ranger Energy Services, Inc.'s revenue compounded faster (1.9% CAGR vs -8.6%).

RideNow Group, Inc. is a leading U.S. retailer of new and used powersports vehicles, including motorcycles, all-terrain vehicles, side-by-sides, personal watercraft, and snowmobiles. It also offers related parts, repair services, and financing options for powersports enthusiasts across over 20 U.S. states.

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.

RDNW vs RNGR — Head-to-Head

Bigger by revenue
RDNW
RDNW
1.8× larger
RDNW
$256.9M
$142.2M
RNGR
Growing faster (revenue YoY)
RNGR
RNGR
+4.1% gap
RNGR
-0.6%
-4.7%
RDNW
Higher net margin
RNGR
RNGR
4.7% more per $
RNGR
2.3%
-2.5%
RDNW
More free cash flow
RNGR
RNGR
$17.3M more FCF
RNGR
$17.1M
$-200.0K
RDNW
Faster 2-yr revenue CAGR
RNGR
RNGR
Annualised
RNGR
1.9%
-8.6%
RDNW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RDNW
RDNW
RNGR
RNGR
Revenue
$256.9M
$142.2M
Net Profit
$-6.4M
$3.2M
Gross Margin
27.6%
Operating Margin
2.1%
2.3%
Net Margin
-2.5%
2.3%
Revenue YoY
-4.7%
-0.6%
Net Profit YoY
88.7%
-44.8%
EPS (diluted)
$-0.16
$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
RDNW
RDNW
RNGR
RNGR
Q4 25
$256.9M
$142.2M
Q3 25
$281.0M
$128.9M
Q2 25
$299.9M
$140.6M
Q1 25
$244.7M
$135.2M
Q4 24
$269.6M
$143.1M
Q3 24
$295.0M
$153.0M
Q2 24
$336.8M
$138.1M
Q1 24
$307.8M
$136.9M
Net Profit
RDNW
RDNW
RNGR
RNGR
Q4 25
$-6.4M
$3.2M
Q3 25
$-4.1M
$1.2M
Q2 25
$-32.2M
$7.3M
Q1 25
$-9.7M
$600.0K
Q4 24
$-56.4M
$5.8M
Q3 24
$-11.2M
$8.7M
Q2 24
$-700.0K
$4.7M
Q1 24
$-10.3M
$-800.0K
Gross Margin
RDNW
RDNW
RNGR
RNGR
Q4 25
27.6%
Q3 25
27.0%
Q2 25
28.0%
Q1 25
27.5%
Q4 24
25.0%
Q3 24
25.2%
Q2 24
26.7%
Q1 24
26.8%
Operating Margin
RDNW
RDNW
RNGR
RNGR
Q4 25
2.1%
2.3%
Q3 25
3.3%
2.0%
Q2 25
-6.3%
6.1%
Q1 25
1.6%
0.7%
Q4 24
-15.2%
6.2%
Q3 24
1.8%
8.4%
Q2 24
4.6%
5.3%
Q1 24
1.7%
-0.4%
Net Margin
RDNW
RDNW
RNGR
RNGR
Q4 25
-2.5%
2.3%
Q3 25
-1.5%
0.9%
Q2 25
-10.7%
5.2%
Q1 25
-4.0%
0.4%
Q4 24
-20.9%
4.1%
Q3 24
-3.8%
5.7%
Q2 24
-0.2%
3.4%
Q1 24
-3.3%
-0.6%
EPS (diluted)
RDNW
RDNW
RNGR
RNGR
Q4 25
$-0.16
$0.14
Q3 25
$-0.11
$0.05
Q2 25
$-0.85
$0.32
Q1 25
$-0.26
$0.03
Q4 24
$-1.59
$0.24
Q3 24
$-0.32
$0.39
Q2 24
$-0.02
$0.21
Q1 24
$-0.29
$-0.03

Balance Sheet & Financial Strength

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

Metric
RDNW
RDNW
RNGR
RNGR
Cash + ST InvestmentsLiquidity on hand
$29.5M
$10.3M
Total DebtLower is stronger
$218.8M
Stockholders' EquityBook value
$-12.5M
$300.1M
Total Assets
$673.6M
$419.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RDNW
RDNW
RNGR
RNGR
Q4 25
$29.5M
$10.3M
Q3 25
$35.4M
$45.2M
Q2 25
$44.7M
$48.9M
Q1 25
$41.1M
$40.3M
Q4 24
$85.3M
$40.9M
Q3 24
$50.1M
$14.8M
Q2 24
$58.1M
$8.7M
Q1 24
$50.3M
$11.1M
Total Debt
RDNW
RDNW
RNGR
RNGR
Q4 25
$218.8M
Q3 25
$207.5M
Q2 25
$218.4M
Q1 25
$215.5M
Q4 24
$267.4M
$0
Q3 24
$249.0M
$0
Q2 24
$247.7M
$0
Q1 24
$245.2M
$0
Stockholders' Equity
RDNW
RDNW
RNGR
RNGR
Q4 25
$-12.5M
$300.1M
Q3 25
$-6.9M
$270.0M
Q2 25
$-4.7M
$276.9M
Q1 25
$26.9M
$272.6M
Q4 24
$36.7M
$273.8M
Q3 24
$83.3M
$267.6M
Q2 24
$93.4M
$260.5M
Q1 24
$92.7M
$261.7M
Total Assets
RDNW
RDNW
RNGR
RNGR
Q4 25
$673.6M
$419.3M
Q3 25
$699.4M
$372.8M
Q2 25
$712.3M
$381.7M
Q1 25
$738.9M
$376.5M
Q4 24
$755.2M
$381.6M
Q3 24
$830.5M
$373.9M
Q2 24
$896.0M
$359.6M
Q1 24
$898.7M
$355.5M
Debt / Equity
RDNW
RDNW
RNGR
RNGR
Q4 25
Q3 25
Q2 25
Q1 25
8.01×
Q4 24
7.29×
0.00×
Q3 24
2.99×
0.00×
Q2 24
2.65×
0.00×
Q1 24
2.65×
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
RDNW
RDNW
RNGR
RNGR
Operating Cash FlowLast quarter
$400.0K
$24.1M
Free Cash FlowOCF − Capex
$-200.0K
$17.1M
FCF MarginFCF / Revenue
-0.1%
12.0%
Capex IntensityCapex / Revenue
0.2%
4.9%
Cash ConversionOCF / Net Profit
7.53×
TTM Free Cash FlowTrailing 4 quarters
$10.3M
$42.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RDNW
RDNW
RNGR
RNGR
Q4 25
$400.0K
$24.1M
Q3 25
$11.5M
$13.6M
Q2 25
$10.9M
$20.7M
Q1 25
$-6.9M
$10.6M
Q4 24
$30.8M
$32.7M
Q3 24
$39.4M
$17.7M
Q2 24
$12.2M
$22.1M
Q1 24
$17.0M
$12.0M
Free Cash Flow
RDNW
RDNW
RNGR
RNGR
Q4 25
$-200.0K
$17.1M
Q3 25
$9.4M
$8.0M
Q2 25
$8.5M
$14.4M
Q1 25
$-7.4M
$3.4M
Q4 24
$30.4M
$27.3M
Q3 24
$38.8M
$10.8M
Q2 24
$11.8M
$6.8M
Q1 24
$16.4M
$5.5M
FCF Margin
RDNW
RDNW
RNGR
RNGR
Q4 25
-0.1%
12.0%
Q3 25
3.3%
6.2%
Q2 25
2.8%
10.2%
Q1 25
-3.0%
2.5%
Q4 24
11.3%
19.1%
Q3 24
13.2%
7.1%
Q2 24
3.5%
4.9%
Q1 24
5.3%
4.0%
Capex Intensity
RDNW
RDNW
RNGR
RNGR
Q4 25
0.2%
4.9%
Q3 25
0.7%
4.3%
Q2 25
0.8%
4.5%
Q1 25
0.2%
5.3%
Q4 24
0.1%
3.8%
Q3 24
0.2%
4.5%
Q2 24
0.1%
11.1%
Q1 24
0.2%
4.7%
Cash Conversion
RDNW
RDNW
RNGR
RNGR
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×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

RDNW
RDNW

Powersports New Vehicles$133.5M52%
Parts And Other Revenue$48.5M19%
Powersports Pre Owned Vehicles$45.8M18%
Finance And Insurance$24.1M9%
Vehicle Transportation Services Segment$800.0K0%

RNGR
RNGR

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

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