Ranger Energy Services, Inc.
RNGR Energy Oil & Gas Equipment & Services
Ranger Energy Services, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $546.9 million, down 4.24% from fiscal 2024. In the quarter to June 2026, revenue grew 25.5%, EPS fell 12.1% and free cash flow grew 33.6%, each against the same quarter a year earlier. Dividend growth for three consecutive years.
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Ranger Energy Services, Inc. (RNGR) Altman Z-score
Ranger Energy Services, Inc.'s Altman Z-score for fiscal 2025 is 3.31, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 3.31 | (0.78) |
| FY2024 | 4.09 | 0.34 |
| FY2023 | 3.74 | 0.43 |
| FY2022 | 3.31 | 2.42 |
| FY2021 | 0.89 | 0.11 |
| FY2020 | 0.78 | (0.85) |
| FY2019 | 1.63 | 0.45 |
| FY2018 | 1.18 | 0.17 |
| FY2017 | 1.01 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.12 | — | 0.15 | |
| Retained earnings / total assets | 0.12 | — | 0.16 | |
| EBIT / total assets | 0.04 | — | 0.12 | |
| Market value of equity / total liabilities | 2.62 | — | 1.57 | |
| Sales / total assets | 1.30 | — | 1.30 | |
| Altman Z-score | Safe zone | 3.31 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 4.08 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| OMSE OMS Energy Technologies Inc. compare | 5.2× |
| RNGR Ranger Energy Services, Inc. | 3.3× |
| CLB Core Laboratories Inc. compare | 3.3× |
| SND Smart Sand compare | 2.3× |
| NGS Natural Gas Services Group, Inc. compare | 1.8× |
| OIS Oil States International, Inc. compare | 1.7× |
| FET Forum Energy Technologies, Inc. compare | 0.6× |
| ACDC ProFrac Holding Corp. compare | 0.3× |
| KLXE KLX Energy Services Holdings, Inc. compare | −0.9× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets