F

Ranger Energy Services, Inc. — Earnings Quality Grade F

RNGR · Energy

Major red flags

Revenue
$547M
2025
Net Income
$12M
2025
Gross Margin
8.0%
Free Cash Flow
$43M
01

Screening Summary

14
Passed
2
Watch
1
Failed
-2.92
M-Score

管理层信号

最近 SEC 8-K 文件中未发现 CEO、CFO、董事会或审计负责人变动信号。
02

Financial Trends

Revenue & Net Income ($B)

Margins (%)

03

18-Point Screening

01

Revenue Quality

A1DSO Change

DSO 52 days, change +8 days YoY

!
A2AR vs Revenue Growth

AR growth 13.9% exceeds revenue growth -4.2%

A3Revenue vs CFFO

Revenue -4.2%, CFFO -18.3%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

Inventory -45.6% vs COGS -2.7%. Normal

B2CapEx vs Revenue

CapEx growth -23.5% vs revenue -4.2%. Normal

B3SG&A Ratio

SG&A/Gross Profit = 67.3%. Normal

B4Gross Margin

Gross margin 8.0%, change -1.4pp. Stable

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 5.61. Profits backed by cash

C2Free Cash Flow

FCF $0.0B, FCF/NI = 3.49

C3Accruals Ratio

Accruals ratio = -13.5%. Low accruals

C4Cash vs Debt

Cash $0.0B covers only 33% of debt $0.0B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $0.0B = 2% of equity. Manageable

D2Leverage

Debt/EBITDA = 0.5x. Healthy

!
D3Soft Asset Growth

Other assets grew 62.5% vs revenue -4.2%

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

E2Goodwill Surge

Goodwill+Intangibles change -12% YoY. Normal

06

Manipulation Score

F1Beneish M-Score

M-Score = -2.92 (< -2.22). Unlikely manipulator

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04

Beneish M-Score

Manipulation Probability-2.92
-4.0 Clean-2.22 Grey-1.78 Danger0
1.189
DSRI
AR growing faster than revenue?
1.18
GMI
Gross margin declining?
0.882
AQI
Asset quality deteriorating?
0.958
SGI
Revenue growth rate
1.17
DEPI
Depreciation slowing?
1.112
SGAI
SG&A ratio changing?
-0.1352
TATA
Accruals level
0.966
LVGI
Leverage increasing?
05

Altman Z-Score

4.14
Safe Zone
0 Distress1.102.605.0+ Safe
0.124
Liquidity
0.1166
Cumulative profit
0.0453
Operating efficiency
2.5176
Leverage

Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25