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

RING ENERGY, INC. is the larger business by last-quarter revenue ($66.9M vs $49.3M, roughly 1.4× Upland Software, Inc.). On growth, RING ENERGY, INC. posted the faster year-over-year revenue change (-19.8% vs -27.5%). Over the past eight quarters, RING ENERGY, INC.'s revenue compounded faster (-15.9% CAGR vs -16.5%).

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.

Upland Software, Inc. is a global provider of cloud-based enterprise work management solutions. It offers products covering project portfolio management, customer engagement, IT service management, and financial automation, serving businesses of all sizes across North America, Europe, and Asia-Pacific in tech, healthcare, and professional services sectors.

REI vs UPLD — Head-to-Head

Bigger by revenue
REI
REI
1.4× larger
REI
$66.9M
$49.3M
UPLD
Growing faster (revenue YoY)
REI
REI
+7.7% gap
REI
-19.8%
-27.5%
UPLD
Faster 2-yr revenue CAGR
REI
REI
Annualised
REI
-15.9%
-16.5%
UPLD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
REI
REI
UPLD
UPLD
Revenue
$66.9M
$49.3M
Net Profit
Gross Margin
76.5%
Operating Margin
-37.6%
14.5%
Net Margin
Revenue YoY
-19.8%
-27.5%
Net Profit YoY
EPS (diluted)
$-0.07
$0.01

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
REI
REI
UPLD
UPLD
Q4 25
$66.9M
$49.3M
Q3 25
$78.6M
$50.5M
Q2 25
$82.6M
$53.4M
Q1 25
$79.1M
$63.7M
Q4 24
$83.4M
$68.0M
Q3 24
$89.2M
$66.7M
Q2 24
$99.1M
$69.3M
Q1 24
$94.5M
$70.7M
Net Profit
REI
REI
UPLD
UPLD
Q4 25
Q3 25
$-51.6M
$-1.1M
Q2 25
$20.6M
$-13.0M
Q1 25
$9.1M
$-25.8M
Q4 24
Q3 24
$33.9M
$-1.7M
Q2 24
$22.4M
$-11.4M
Q1 24
$5.5M
$-96.1M
Gross Margin
REI
REI
UPLD
UPLD
Q4 25
76.5%
Q3 25
76.9%
Q2 25
74.8%
Q1 25
71.6%
Q4 24
70.8%
Q3 24
70.5%
Q2 24
70.5%
Q1 24
70.2%
Operating Margin
REI
REI
UPLD
UPLD
Q4 25
-37.6%
14.5%
Q3 25
-70.0%
10.6%
Q2 25
28.4%
-13.2%
Q1 25
28.3%
-1.7%
Q4 24
28.3%
-2.9%
Q3 24
33.4%
-5.0%
Q2 24
42.2%
-7.7%
Q1 24
39.8%
-129.6%
Net Margin
REI
REI
UPLD
UPLD
Q4 25
Q3 25
-65.7%
-2.2%
Q2 25
25.0%
-24.4%
Q1 25
11.5%
-40.6%
Q4 24
Q3 24
38.0%
-2.6%
Q2 24
22.6%
-16.5%
Q1 24
5.8%
-135.9%
EPS (diluted)
REI
REI
UPLD
UPLD
Q4 25
$-0.07
$0.01
Q3 25
$-0.25
$-0.09
Q2 25
$0.10
$-0.51
Q1 25
$0.05
$-0.97
Q4 24
$0.03
$-0.30
Q3 24
$0.17
$-0.12
Q2 24
$0.11
$-0.47
Q1 24
$0.03
$-3.37

Balance Sheet & Financial Strength

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

Metric
REI
REI
UPLD
UPLD
Cash + ST InvestmentsLiquidity on hand
$902.9K
$29.4M
Total DebtLower is stronger
$232.4M
Stockholders' EquityBook value
$836.3M
$-48.4M
Total Assets
$1.4B
$413.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
REI
REI
UPLD
UPLD
Q4 25
$902.9K
$29.4M
Q3 25
$286.9K
$22.8M
Q2 25
$41.0M
Q1 25
$1.1M
$33.7M
Q4 24
$1.9M
$56.4M
Q3 24
$59.7M
Q2 24
$1.2M
$232.4M
Q1 24
$1.4M
$231.6M
Total Debt
REI
REI
UPLD
UPLD
Q4 25
$232.4M
Q3 25
Q2 25
Q1 25
Q4 24
$290.2M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
REI
REI
UPLD
UPLD
Q4 25
$836.3M
$-48.4M
Q3 25
$847.7M
$-47.3M
Q2 25
$897.9M
$-42.4M
Q1 25
$876.0M
$-37.8M
Q4 24
$858.6M
$-18.3M
Q3 24
$851.3M
$907.0K
Q2 24
$817.4M
$6.5M
Q1 24
$793.0M
$20.1M
Total Assets
REI
REI
UPLD
UPLD
Q4 25
$1.4B
$413.2M
Q3 25
$1.4B
$409.1M
Q2 25
$1.5B
$441.7M
Q1 25
$1.5B
$457.0M
Q4 24
$1.4B
$529.5M
Q3 24
$1.4B
$554.9M
Q2 24
$1.4B
$739.9M
Q1 24
$1.4B
$754.9M

Cash Flow & Capital Efficiency

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

Metric
REI
REI
UPLD
UPLD
Operating Cash FlowLast quarter
$44.7M
$7.3M
Free Cash FlowOCF − Capex
$7.2M
FCF MarginFCF / Revenue
14.7%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$24.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
REI
REI
UPLD
UPLD
Q4 25
$44.7M
$7.3M
Q3 25
$44.5M
$6.9M
Q2 25
$33.3M
$3.3M
Q1 25
$28.4M
$8.3M
Q4 24
$47.3M
$9.3M
Q3 24
$51.3M
$4.3M
Q2 24
$50.6M
$5.5M
Q1 24
$45.2M
$5.1M
Free Cash Flow
REI
REI
UPLD
UPLD
Q4 25
$7.2M
Q3 25
$6.7M
Q2 25
$2.7M
Q1 25
$7.9M
Q4 24
$9.0M
Q3 24
$4.2M
Q2 24
$5.2M
Q1 24
$4.9M
FCF Margin
REI
REI
UPLD
UPLD
Q4 25
14.7%
Q3 25
13.2%
Q2 25
5.0%
Q1 25
12.4%
Q4 24
13.3%
Q3 24
6.3%
Q2 24
7.5%
Q1 24
7.0%
Capex Intensity
REI
REI
UPLD
UPLD
Q4 25
0.2%
Q3 25
0.4%
Q2 25
1.2%
Q1 25
0.7%
Q4 24
0.5%
Q3 24
0.2%
Q2 24
0.4%
Q1 24
0.3%
Cash Conversion
REI
REI
UPLD
UPLD
Q4 25
Q3 25
Q2 25
1.61×
Q1 25
3.11×
Q4 24
Q3 24
1.52×
Q2 24
2.26×
Q1 24
8.19×

Financial Flow Comparison

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

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