Ranger Energy Services, Inc. (RNGR) intrinsic value & 10-year financials
Ranger Energy Services, Inc. (RNGR) has a Graham intrinsic value of $17.94 per share. At $14.65 on Oct 17, 2026, the stock trades 18% below that value. Over the last 10 fiscal years revenue grew 29.7% a year to $546.9M, with an average return on invested capital of -2.0%.
- Graham intrinsic value
- $17.94
- Share price (Oct 17, 2026)
- $14.65
- Price vs Graham value
- 18% below
- Market cap
- $332.2M
- Revenue (FY2025)
- $546.9M
- Revenue growth (10-yr CAGR)
- 29.7%
- ROIC (10-yr avg)
- -2.0%
- Free cash flow (FY2025)
- $42.9M
RNGR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $546.9M | $12.3M | $0.54 | $42.9M | 2.8% | 3.8% |
| FY2024 | $571.1M | $18.4M | $0.81 | $50.4M | 5.0% | 7.8% |
| FY2023 | $636.6M | $23.8M | $0.95 | $54.3M | 5.8% | 10.0% |
| FY2022 | $608.5M | $15.1M | $0.65 | $30.7M | 3.2% | 6.1% |
| FY2021 | $293.1M | $8.6M | $0.63 | -$45.0M | -13.8% | -18.0% |
| FY2020 | $187.8M | -$10.3M | -$1.21 | $18.3M | -8.0% | -10.5% |
| FY2019 | $336.9M | $1.8M | $0.21 | $27.7M | 3.7% | 3.8% |
| FY2018 | $303.1M | -$3.3M | -$0.39 | -$48.3M | -0.7% | -1.5% |
| FY2017 | $154.0M | -$6.6M | -$0.78 | -$39.0M | -13.4% | -19.5% |
| FY2016 | $52.8M | -$5.0M | — | -$16.4M | -8.5% | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Ranger Energy Services, Inc. is a consistent compounder, expanding top-line revenue at 29.7% annually over the past decade.
Ranger Energy Services, Inc. has historically struggled to out-earn its cost of capital, averaging just -2.0% ROIC.
Ranger Energy Services, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Ranger Energy Services, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $17.94 per share.