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Side-by-side financial comparison of Ranger Energy Services, Inc. (RNGR) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.

Wheels Up Experience Inc. is the larger business by last-quarter revenue ($183.8M vs $142.2M, roughly 1.3× Ranger Energy Services, Inc.). Ranger Energy Services, Inc. runs the higher net margin — 2.3% vs -15.7%, a 18.0% gap on every dollar of revenue. On growth, Ranger Energy Services, Inc. posted the faster year-over-year revenue change (-0.6% vs -10.2%). Ranger Energy Services, Inc. produced more free cash flow last quarter ($17.1M vs $-58.3M). Over the past eight quarters, Ranger Energy Services, Inc.'s revenue compounded faster (1.9% CAGR vs -3.4%).

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.

Wheels Up is a provider of "on demand" private aviation in the United States and one of the largest private aviation companies in the world. It was founded in 2013 by Kenny Dichter, using a membership/on-demand business model. Wheels Up members can book private aircraft from the company fleet and third-party operators using a mobile application.

RNGR vs UP — Head-to-Head

Bigger by revenue
UP
UP
1.3× larger
UP
$183.8M
$142.2M
RNGR
Growing faster (revenue YoY)
RNGR
RNGR
+9.6% gap
RNGR
-0.6%
-10.2%
UP
Higher net margin
RNGR
RNGR
18.0% more per $
RNGR
2.3%
-15.7%
UP
More free cash flow
RNGR
RNGR
$75.4M more FCF
RNGR
$17.1M
$-58.3M
UP
Faster 2-yr revenue CAGR
RNGR
RNGR
Annualised
RNGR
1.9%
-3.4%
UP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RNGR
RNGR
UP
UP
Revenue
$142.2M
$183.8M
Net Profit
$3.2M
$-28.9M
Gross Margin
14.3%
Operating Margin
2.3%
-0.9%
Net Margin
2.3%
-15.7%
Revenue YoY
-0.6%
-10.2%
Net Profit YoY
-44.8%
67.0%
EPS (diluted)
$0.14
$-0.04

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
RNGR
RNGR
UP
UP
Q4 25
$142.2M
$183.8M
Q3 25
$128.9M
$185.5M
Q2 25
$140.6M
$189.6M
Q1 25
$135.2M
$177.5M
Q4 24
$143.1M
$204.8M
Q3 24
$153.0M
$193.9M
Q2 24
$138.1M
$196.3M
Q1 24
$136.9M
$197.1M
Net Profit
RNGR
RNGR
UP
UP
Q4 25
$3.2M
$-28.9M
Q3 25
$1.2M
$-83.7M
Q2 25
$7.3M
$-82.3M
Q1 25
$600.0K
$-99.3M
Q4 24
$5.8M
$-87.5M
Q3 24
$8.7M
$-57.7M
Q2 24
$4.7M
$-97.0M
Q1 24
$-800.0K
$-97.4M
Gross Margin
RNGR
RNGR
UP
UP
Q4 25
14.3%
Q3 25
6.8%
Q2 25
8.3%
Q1 25
10.8%
Q4 24
13.9%
Q3 24
13.9%
Q2 24
2.3%
Q1 24
-0.6%
Operating Margin
RNGR
RNGR
UP
UP
Q4 25
2.3%
-0.9%
Q3 25
2.0%
-33.1%
Q2 25
6.1%
-31.4%
Q1 25
0.7%
-45.5%
Q4 24
6.2%
-26.0%
Q3 24
8.4%
-21.6%
Q2 24
5.3%
-40.3%
Q1 24
-0.4%
-42.9%
Net Margin
RNGR
RNGR
UP
UP
Q4 25
2.3%
-15.7%
Q3 25
0.9%
-45.1%
Q2 25
5.2%
-43.4%
Q1 25
0.4%
-55.9%
Q4 24
4.1%
-42.7%
Q3 24
5.7%
-29.8%
Q2 24
3.4%
-49.4%
Q1 24
-0.6%
-49.4%
EPS (diluted)
RNGR
RNGR
UP
UP
Q4 25
$0.14
$-0.04
Q3 25
$0.05
$-0.12
Q2 25
$0.32
$-0.12
Q1 25
$0.03
$-0.14
Q4 24
$0.24
$-0.13
Q3 24
$0.39
$-0.08
Q2 24
$0.21
$-0.14
Q1 24
$-0.03
$-0.14

Balance Sheet & Financial Strength

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

Metric
RNGR
RNGR
UP
UP
Cash + ST InvestmentsLiquidity on hand
$10.3M
$133.9M
Total DebtLower is stronger
$671.3M
Stockholders' EquityBook value
$300.1M
$-392.1M
Total Assets
$419.3M
$968.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RNGR
RNGR
UP
UP
Q4 25
$10.3M
$133.9M
Q3 25
$45.2M
$125.3M
Q2 25
$48.9M
$107.0M
Q1 25
$40.3M
$171.8M
Q4 24
$40.9M
$216.4M
Q3 24
$14.8M
$115.9M
Q2 24
$8.7M
$141.5M
Q1 24
$11.1M
$180.9M
Total Debt
RNGR
RNGR
UP
UP
Q4 25
$671.3M
Q3 25
$766.5M
Q2 25
$770.5M
Q1 25
$765.8M
Q4 24
$0
$761.3M
Q3 24
$0
$596.9M
Q2 24
$0
$597.4M
Q1 24
$0
$603.2M
Stockholders' Equity
RNGR
RNGR
UP
UP
Q4 25
$300.1M
$-392.1M
Q3 25
$270.0M
$-374.5M
Q2 25
$276.9M
$-347.8M
Q1 25
$272.6M
$-288.1M
Q4 24
$273.8M
$-202.1M
Q3 24
$267.6M
$-117.7M
Q2 24
$260.5M
$-72.2M
Q1 24
$261.7M
$936.0K
Total Assets
RNGR
RNGR
UP
UP
Q4 25
$419.3M
$968.8M
Q3 25
$372.8M
$973.0M
Q2 25
$381.7M
$1.0B
Q1 25
$376.5M
$1.1B
Q4 24
$381.6M
$1.2B
Q3 24
$373.9M
$1.0B
Q2 24
$359.6M
$1.1B
Q1 24
$355.5M
$1.2B
Debt / Equity
RNGR
RNGR
UP
UP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
0.00×
644.43×

Cash Flow & Capital Efficiency

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

Metric
RNGR
RNGR
UP
UP
Operating Cash FlowLast quarter
$24.1M
$-18.4M
Free Cash FlowOCF − Capex
$17.1M
$-58.3M
FCF MarginFCF / Revenue
12.0%
-31.7%
Capex IntensityCapex / Revenue
4.9%
21.7%
Cash ConversionOCF / Net Profit
7.53×
TTM Free Cash FlowTrailing 4 quarters
$42.9M
$-259.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RNGR
RNGR
UP
UP
Q4 25
$24.1M
$-18.4M
Q3 25
$13.6M
$-37.1M
Q2 25
$20.7M
$-62.9M
Q1 25
$10.6M
$-47.9M
Q4 24
$32.7M
$37.9M
Q3 24
$17.7M
$-16.9M
Q2 24
$22.1M
$-25.2M
Q1 24
$12.0M
$-73.8M
Free Cash Flow
RNGR
RNGR
UP
UP
Q4 25
$17.1M
$-58.3M
Q3 25
$8.0M
$-60.4M
Q2 25
$14.4M
$-78.6M
Q1 25
$3.4M
$-62.6M
Q4 24
$27.3M
$-70.2M
Q3 24
$10.8M
$-21.9M
Q2 24
$6.8M
$-30.8M
Q1 24
$5.5M
$-77.8M
FCF Margin
RNGR
RNGR
UP
UP
Q4 25
12.0%
-31.7%
Q3 25
6.2%
-32.6%
Q2 25
10.2%
-41.5%
Q1 25
2.5%
-35.3%
Q4 24
19.1%
-34.3%
Q3 24
7.1%
-11.3%
Q2 24
4.9%
-15.7%
Q1 24
4.0%
-39.5%
Capex Intensity
RNGR
RNGR
UP
UP
Q4 25
4.9%
21.7%
Q3 25
4.3%
12.5%
Q2 25
4.5%
8.3%
Q1 25
5.3%
8.3%
Q4 24
3.8%
52.8%
Q3 24
4.5%
2.6%
Q2 24
11.1%
2.9%
Q1 24
4.7%
2.0%
Cash Conversion
RNGR
RNGR
UP
UP
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

RNGR
RNGR

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

UP
UP

Segment breakdown not available.

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