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Strong institutional accumulation: ownership increased +9.35% quarter-over-quarter.
Data as of Q1 2026
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Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $16.51 today, the market must believe free cash flow compounds -6.3%/yr for a decade (off $49M normalized FCF).
The market's -6.3% is more conservative than its 6-yr track record.
2-stage DCF · 0.02B shares · net debt -$7M
mean -65.0% · volatility σ 163% · implied rate exceeded in 1/5 yrs
Central path = implied -6.3%/yr growth; shaded band = ±1σ (163%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $546.9M 100.0% | $571.1M 100.0% | $636.6M 100.0% | $608.5M 100.0% | $293.1M 100.0% | $187.8M 100.0% | $336.9M 100.0% | $303.1M 100.0% | $154.0M 100.0% | $52.8M 100.0% |
| Selling, General & Admin | $29.6M 5.4% | $27.8M 4.9% | $29.5M 4.6% | $39.9M 6.6% | $34.6M 11.8% | $22.1M 11.8% | $26.7M 7.9% | $29.0M 9.6% | $30.4M 19.7% | $11.4M 21.6% |
| Total Operating Expenses | $531.5M 97.2% | $542.5M 95.0% | $599.7M 94.2% | $588.8M 96.8% | $333.6M 113.8% | $205.0M 109.2% | $324.5M 96.3% | $305.2M 100.7% | $174.6M 113.4% | $57.3M 108.5% |
| Operating Income | $15.4M 2.8% | $28.6M 5.0% | $36.9M 5.8% | $19.7M 3.2% | -$40.5M -13.8% | -$17.2M -9.2% | $12.4M 3.7% | -$2.1M -0.7% | -$20.6M -13.4% | -$4.5M -8.5% |
| Interest Expense | $1.2M 0.2% | $2.6M 0.5% | $3.5M 0.5% | $7.3M 1.2% | $5.0M 1.7% | $3.4M 1.8% | $5.8M 1.7% | $3.7M 1.2% | $6.3M 4.1% | $500K 0.9% |
| Other Income (Expense), net | $2.4M 0.4% | -$2.6M -0.5% | -$5.9M -0.9% | -$3.7M -0.6% | $32.2M 11.0% | -$1.3M -0.7% | -$5.8M -1.7% | -$3.7M -1.2% | -$6.3M -4.1% | -$500K -0.9% |
| Pretax Income | $17.8M 3.3% | $26.0M 4.6% | $31.0M 4.9% | $16.0M 2.6% | -$8.3M -2.8% | -$18.5M -9.9% | $6.6M 2.0% | -$5.8M -1.9% | -$26.9M -17.5% | -$5.0M -9.5% |
| Income Tax Expense | $5.5M 1.0% | $7.6M 1.3% | $7.2M 1.1% | $900K 0.1% | -$6.2M -2.1% | $0 0.0% | $2.2M 0.7% | $0 0.0% | $400K 0.3% | — |
| Net Income | $12.3M 2.2% | $18.4M 3.2% | $23.8M 3.7% | $15.1M 2.5% | $8.6M 2.9% | -$10.3M -5.5% | $1.8M 0.5% | -$3.3M -1.1% | -$6.6M -4.3% | -$5.0M -9.5% |
| Per Share | ||||||||||
| EPS (Basic) | $0.55 | $0.82 | $0.97 | $0.66 | $0.73 | $-1.21 | $0.21 | $-0.39 | $-0.78 | — |
| EPS (Diluted) | $0.54 | $0.81 | $0.95 | $0.65 | $0.63 | $-1.21 | $0.21 | $-0.39 | $-0.78 | — |
| Weighted Avg Shares (Basic) | 22.4M | 22.5M | 24.6M | 23.0M | 11.9M | 8.5M | 8.6M | 8.4M | 8.4M | — |
| Weighted Avg Shares (Diluted) | 22.7M | 22.9M | 25.0M | 23.4M | 13.6M | 8.5M | 8.6M | 8.4M | 8.4M | — |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
4/8 of the 9 checks — 1 couldn't be scored (see above), so the score is out of the 8 with data.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Earnings are backed by cash (FCF ≥ net income) — high quality. Lower/negative accruals = higher quality (Sloan).
Comfortably covers interest; leverage rising year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 13% of free cash flow, leaving room to grow it and fund buybacks. Last year: $6M dividends + $12M buybacks = $18M returned on $43M FCF.
3 consecutive years of dividend increases · 59%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Modest payoff on reinvested capital. Current ROIC on all capital: 4%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $10M covers the $0 due within a year 10300000.0× over. Scheduled principal only (excludes interest & revolver draws). As of 2018-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~34.3% on $4M of debt.
Cash of $10M fully covers short-term debt of $4M.
Mostly short-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
EOD close · as of 2026-09-17
No material risks flagged.
Where each multiple sits in its own 9-yr range · 97th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 9-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 10.9× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| SG&A | 9.6 | 7.9 | 11.8 | 11.8 | 6.6 | 4.6 | 4.9 | 5.4 |
| Operating Income | -0.7 | 3.7 | -9.2 | -13.8 | 3.2 | 5.8 | 5.0 | 2.8 |
| Income Tax | 0.0 | 0.7 | 0.0 | -2.1 | 0.1 | 1.1 | 1.3 | 1.0 |
| Net Income | -1.1 | 0.5 | -5.5 | 2.9 | 2.5 | 3.7 | 3.2 | 2.2 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on RNGR: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Ranked against 238 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| XOM | $682.3B | 24.4× | — | 2.0× | -5.0% | — | 8.7% | 11.1% | 10.7% | — | 4,568 |
| SHEL | $545.2B | — | — | — | — | — | — | — | — | — | 1,521 |
| CVX | $391.2B | 31.9× | — | 2.1× | -6.8% | 42.8% | 6.5% | 6.6% | 6.6% | — | 4,121 |
| TTE | $202.1B | — | — | — | — | — | — | — | — | — | 951 |
| COP | $166.8B | 21.0× | — | 2.8× | 7.7% | 62.1% | 13.6% | 12.4% | 12.2% | — | 2,450 |
| PBR | $155.8B | — | — | — | — | — | — | — | — | — | 524 |
| MPC | $128.7B | 31.9× | 11.0× | 1.0× | -4.4% | 10.0% | 3.0% | 23.4% | 20.6% | 0.2× | 1,802 |
| VLO | $127.5B | 54.5× | 24.1× | 1.0× | -5.5% | 4.4% | 1.9% | 9.9% | 7.1% | 1.7× | 1,781 |
| BP | $117.0B | — | — | — | — | — | — | — | — | — | 1,220 |
| PSX | $111.3B | 25.4× | — | 0.8× | -7.5% | 12.3% | 3.3% | 15.1% | 14.6% | — | 2,041 |
| EQNR | $110.8B | — | — | — | — | — | — | — | — | — | 398 |
| WMB | $87.7B | 33.6× | 17.8× | 7.3× | 13.8% | — | 21.9% | 20.4% | 6.3% | 4.4× | 1,736 |
| EPD | $84.1B | — | 12.6× | 1.6× | -6.4% | 26.7% | 11.0% | — | — | 3.7× | 1,573 |
| EOG | $79.0B | 15.9× | 7.7× | 3.5× | -4.5% | — | 22.0% | 16.7% | 13.2% | 0.7× | 1,525 |
| SLB | $77.9B | 22.2× | — | 2.2× | -1.6% | — | 9.4% | 12.9% | 9.4% | — | 1,624 |
| ET | $72.5B | — | 9.8× | 0.8× | 3.5% | 25.8% | 5.2% | 9.0% | 3.8% | 4.8× | 1,244 |
| KMI | $69.7B | 22.9× | 14.2× | 4.1× | 12.2% | — | 18.0% | 9.8% | 4.8% | 4.5× | 1,745 |
| TRGP | $61.2B | 33.6× | 16.2× | 3.6× | 3.9% | 38.3% | 11.3% | 62.7% | 9.4% | 3.6× | 979 |
| TS | $60.6B | — | — | — | — | — | — | — | — | — | 248 |
| MPLX | $59.4B | — | — | 4.6× | 8.9% | — | 38.1% | — | — | — | 622 |
| LNG | $59.3B | 11.2× | 7.8× | 3.0× | 27.2% | — | 26.7% | 67.3% | 17.3% | 2.2× | 1,303 |
| OKE | $58.7B | 17.2× | 12.4× | 1.8× | 55.0% | 30.5% | 10.1% | 15.1% | 6.3% | 4.4× | 1,622 |
| OXY | $58.5B | 36.8× | — | 2.7× | -1.9% | — | 11.0% | 6.6% | 4.2% | — | 1,250 |
| BKR | $56.2B | — | — | 2.0× | -0.3% | — | 9.3% | 13.7% | 13.3% | — | 1,095 |
| FANG | $56.0B | 34.4× | 11.2× | 3.7× | 35.8% | — | 11.1% | 4.5% | 3.2% | 2.3× | 1,141 |
| RNGR | $369M | 30.6× | 5.9× | 0.7× | -4.2% | — | 2.2% | 4.1% | 4.1% | 0.1× | 143 |
Peers = companies sharing RNGR's sector (Energy) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.