Ring Energy, Inc. (REI) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2024)
REI's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
REI Revenue Analysis (2013–2024)
As of March 2, 2026, Ring Energy, Inc. (REI) generated trailing twelve-month (TTM) revenue of $323.7 million, reflecting significant decline in growth of -11.9% year-over-year. The most recent quarter (Q3 2025) recorded $78.6 million in revenue, down 4.8% sequentially.
Looking at the longer-term picture, REI's 5-year compound annual growth rate (CAGR) stands at +13.4%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $366.3 million in 2024, representing a new all-time high.
Revenue diversification analysis shows REI's business is primarily driven by Reportable Segment (100%). With over half of revenue concentrated in Reportable Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including CRC (+33.9% YoY), CRGY (+22.1% YoY), and MNR (+11.6% YoY), REI has underperformed the peer group in terms of revenue growth. Compare REI vs CRC →
Peer Comparison
Compare REI's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| REICurrent | $324M | -11.9% | +13.4% | 36.3% | |
| CRC | $3.0B | +33.9% | +1.9% | 22.0% | |
| CRGY | $3.6B | +22.1% | +36.5% | 6.4% | |
| MNR | $970M | +11.6% | - | 30.0% | |
| TXO | $283M | +27.7% | - | -2.4% | |
| SD | $125M | +29.7% | -14.0% | 26.5% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $366.3M | +1.5% | $163.9M | 44.7% | $132.9M | 36.3% |
| 2023 | $361.1M | +4.0% | $176.4M | 48.9% | $145.8M | 40.4% |
| 2022 | $347.2M | +76.9% | $219.8M | 63.3% | $191.7M | 55.2% |
| 2021 | $196.3M | +73.7% | $112.6M | 57.3% | $95.8M | 48.8% |
| 2020 | $113.0M | -42.2% | $27.8M | 24.6% | $-268,661,466 | -237.7% |
| 2019 | $195.7M | +63.0% | $80.9M | 41.4% | $60.1M | 30.7% |
| 2018 | $120.1M | +80.0% | $47.6M | 39.7% | $20.0M | 16.6% |
| 2017 | $66.7M | +116.2% | $27.1M | 40.6% | $16.0M | 23.9% |
| 2016 | $30.9M | -0.5% | $8.0M | 25.9% | $-57,032,761 | -184.9% |
| 2015 | $31.0M | -18.6% | $4.4M | 14.2% | $-13,314,334 | -42.9% |
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Start ComparisonFrequently Asked Questions
Is REI's revenue growth accelerating or slowing?
REI revenue declined -11.9% year-over-year, contrasting with the 5-year CAGR of +13.4%. TTM revenue fell to $324M. This reverses the prior growth trend.
What is REI's long-term revenue growth rate?
Ring Energy, Inc.'s 5-year revenue CAGR of +13.4% reflects the variable expansion pattern. Current YoY growth of -11.9% is below this long-term average.
How is REI's revenue distributed by segment?
REI reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.