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

Ranger Energy Services, Inc. is the larger business by last-quarter revenue ($142.2M vs $75.3M, roughly 1.9× RADWARE LTD). RADWARE LTD runs the higher net margin — 7.5% vs 2.3%, a 5.3% gap on every dollar of revenue. Over the past eight quarters, RADWARE LTD's revenue compounded faster (7.1% CAGR vs 1.9%).

Radware Ltd. is an American provider of cybersecurity and application delivery products for physical, cloud and software-defined data centers. Radware's corporate headquarters are located in Mahwah, New Jersey. The company also has offices in Europe, Africa and Asia Pacific regions. The company's global headquarters is in Israel. Radware is a member of the Rad Group of companies and its shares are traded on NASDAQ.

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.

RDWR vs RNGR — Head-to-Head

Bigger by revenue
RNGR
RNGR
1.9× larger
RNGR
$142.2M
$75.3M
RDWR
Higher net margin
RDWR
RDWR
5.3% more per $
RDWR
7.5%
2.3%
RNGR
Faster 2-yr revenue CAGR
RDWR
RDWR
Annualised
RDWR
7.1%
1.9%
RNGR

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
RDWR
RDWR
RNGR
RNGR
Revenue
$75.3M
$142.2M
Net Profit
$5.7M
$3.2M
Gross Margin
80.7%
Operating Margin
4.1%
2.3%
Net Margin
7.5%
2.3%
Revenue YoY
-0.6%
Net Profit YoY
-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
RDWR
RDWR
RNGR
RNGR
Q4 25
$142.2M
Q3 25
$75.3M
$128.9M
Q2 25
$74.2M
$140.6M
Q1 25
$72.1M
$135.2M
Q4 24
$143.1M
Q3 24
$69.5M
$153.0M
Q2 24
$67.3M
$138.1M
Q1 24
$65.1M
$136.9M
Net Profit
RDWR
RDWR
RNGR
RNGR
Q4 25
$3.2M
Q3 25
$5.7M
$1.2M
Q2 25
$4.2M
$7.3M
Q1 25
$4.3M
$600.0K
Q4 24
$5.8M
Q3 24
$3.1M
$8.7M
Q2 24
$1.7M
$4.7M
Q1 24
$-1.2M
$-800.0K
Gross Margin
RDWR
RDWR
RNGR
RNGR
Q4 25
Q3 25
80.7%
Q2 25
80.7%
Q1 25
80.6%
Q4 24
Q3 24
80.7%
Q2 24
80.6%
Q1 24
80.3%
Operating Margin
RDWR
RDWR
RNGR
RNGR
Q4 25
2.3%
Q3 25
4.1%
2.0%
Q2 25
3.8%
6.1%
Q1 25
2.2%
0.7%
Q4 24
6.2%
Q3 24
-0.0%
8.4%
Q2 24
-1.8%
5.3%
Q1 24
-5.6%
-0.4%
Net Margin
RDWR
RDWR
RNGR
RNGR
Q4 25
2.3%
Q3 25
7.5%
0.9%
Q2 25
5.7%
5.2%
Q1 25
6.0%
0.4%
Q4 24
4.1%
Q3 24
4.5%
5.7%
Q2 24
2.5%
3.4%
Q1 24
-1.9%
-0.6%
EPS (diluted)
RDWR
RDWR
RNGR
RNGR
Q4 25
$0.14
Q3 25
$0.05
Q2 25
$0.32
Q1 25
$0.03
Q4 24
$0.24
Q3 24
$0.39
Q2 24
$0.21
Q1 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
RDWR
RDWR
RNGR
RNGR
Cash + ST InvestmentsLiquidity on hand
$98.7M
$10.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$357.1M
$300.1M
Total Assets
$618.7M
$419.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RDWR
RDWR
RNGR
RNGR
Q4 25
$10.3M
Q3 25
$98.7M
$45.2M
Q2 25
$98.7M
$48.9M
Q1 25
$98.7M
$40.3M
Q4 24
$40.9M
Q3 24
$70.5M
$14.8M
Q2 24
$70.5M
$8.7M
Q1 24
$70.5M
$11.1M
Total Debt
RDWR
RDWR
RNGR
RNGR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
$0
Q2 24
$0
Q1 24
$0
Stockholders' Equity
RDWR
RDWR
RNGR
RNGR
Q4 25
$300.1M
Q3 25
$357.1M
$270.0M
Q2 25
$357.1M
$276.9M
Q1 25
$357.1M
$272.6M
Q4 24
$273.8M
Q3 24
$323.3M
$267.6M
Q2 24
$323.3M
$260.5M
Q1 24
$323.3M
$261.7M
Total Assets
RDWR
RDWR
RNGR
RNGR
Q4 25
$419.3M
Q3 25
$618.7M
$372.8M
Q2 25
$618.7M
$381.7M
Q1 25
$618.7M
$376.5M
Q4 24
$381.6M
Q3 24
$571.9M
$373.9M
Q2 24
$571.9M
$359.6M
Q1 24
$571.9M
$355.5M
Debt / Equity
RDWR
RDWR
RNGR
RNGR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 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
RDWR
RDWR
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
RDWR
RDWR
RNGR
RNGR
Q4 25
$24.1M
Q3 25
$13.6M
Q2 25
$14.5M
$20.7M
Q1 25
$22.4M
$10.6M
Q4 24
$32.7M
Q3 24
$17.7M
Q2 24
$23.0M
$22.1M
Q1 24
$12.0M
Free Cash Flow
RDWR
RDWR
RNGR
RNGR
Q4 25
$17.1M
Q3 25
$8.0M
Q2 25
$11.8M
$14.4M
Q1 25
$21.3M
$3.4M
Q4 24
$27.3M
Q3 24
$10.8M
Q2 24
$22.0M
$6.8M
Q1 24
$5.5M
FCF Margin
RDWR
RDWR
RNGR
RNGR
Q4 25
12.0%
Q3 25
6.2%
Q2 25
15.9%
10.2%
Q1 25
29.6%
2.5%
Q4 24
19.1%
Q3 24
7.1%
Q2 24
32.7%
4.9%
Q1 24
4.0%
Capex Intensity
RDWR
RDWR
RNGR
RNGR
Q4 25
4.9%
Q3 25
4.3%
Q2 25
3.6%
4.5%
Q1 25
1.5%
5.3%
Q4 24
3.8%
Q3 24
4.5%
Q2 24
1.5%
11.1%
Q1 24
4.7%
Cash Conversion
RDWR
RDWR
RNGR
RNGR
Q4 25
7.53×
Q3 25
11.33×
Q2 25
3.43×
2.84×
Q1 25
5.17×
17.67×
Q4 24
5.64×
Q3 24
2.03×
Q2 24
13.84×
4.70×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

RDWR
RDWR

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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