Rignet Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Rignet Inc (RNET) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Rignet Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 208M vs -M combined for tracked competitors (100.0% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-9.5% annualized vs trailing 12 months).
- Peer revenue share: Rignet Inc accounted for 100.0% of combined revenue among its tracked peer group, up from 100.0% a year earlier.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
RNET Sales vs. its Competitors, Q4 2020
Rignet Inc generated 100.00 % of the combined sales of its peer group, up from 100.00 % a year earlier.
For context: the Communications Services industry grew revenue -4.9% year over year, combined, vs -26.6% for Rignet Inc. Rignet Inc's share of combined industry revenue moved from 0.01% to 0.01%, a gain of 0.00 percentage points.
Rignet Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Rignet Inc | No | No | No | No |
| Similar Growth & Profitability (8) | 25.00 % (2 of 8) | 12.50 % (1 of 8) | 12.50 % (1 of 8) | 37.50 % (3 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
RNET Stock Performance relative to its Competitors
RNET Stock Performance relative to Similar Growth & Profitability Competitors
Rignet Inc's Comment on Competition and Industry Peers
The technology and remote telecommunications industry is highly competitive. We expect competition in the markets that we serve to persist, intensify and change. We face varying degrees of competition from a wide variety of companies, including new potential entrants from providers to adjacent vertical markets and from forward integration by some of our suppliers deeper in the industry value chain, since successful service and system development is not necessarily dependent upon substantial financial resources.
Our primary global competitor is Speedcast International Ltd. In addition, there are a range of regional providers serving smaller customers. Specifically, in our U.S. onshore operations, we also face competition from: wireless network providers, drilling instrumentation providers, living quarters companies, and other pure-play providers like us.
Our customers generally choose their provider(s) based on the quality and availability of the service and the ability to restore service quickly when there is an outage. Pricing and breadth of service offerings is also a factor. Our customers depend on maximum availability, quality and continuity of products and service. Established relationships with customers and proven performance serve as significant barriers to entry.
Rignet Inc's Competitors Named by the Company
Competitive relationships identified from Rignet Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Speedcast International Ltd | Company report | 85% |
Company report basis, confidence, active dates and source counts for Rignet Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from Rignet Inc reports (named-competitor disclosures) and corroborating sources. Confidence reflects evidence strength.