PACK · Ranpak Holdings Corp. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $101.20M | - | $99.60M | $92.30M | $91.20M | - | $92.20M | $86.40M | $85.30M | - |
| Cost of Revenue | - | - | - | - | - | - | $57.80M | $54.70M | $53.00M | - |
| Gross Profit | $34.90M | - | $34.40M | $28.90M | $30.90M | - | $34.40M | $31.70M | $32.30M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $29.20M | - | $29.60M | $28.80M | $28.90M | - | $28.80M | $27.30M | $27.90M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $16.80M | - | $9.20M | $8.80M | $15.10M | - | $8.20M | $8.30M | $18.80M | - |
| Operating Income | ($3.80M) | - | ($5.70M) | ($9.70M) | ($8.00M) | - | ($4.20M) | ($5.20M) | ($4.80M) | - |
| Interest Expense | $8.60M | - | $8.70M | $8.30M | $6.20M | - | $9.30M | $5.90M | $6.20M | - |
| Income Tax | ($3.50M) | - | ($4.20M) | ($2.00M) | ($3.20M) | - | ($2.50M) | $1.80M | ($1.50M) | - |
| Net Income | ($10.20M) | - | ($10.40M) | ($7.50M) | ($10.90M) | - | ($8.10M) | $5.50M | ($8.10M) | - |
| EPS - Basic | ($0.12) | - | ($0.12) | ($0.09) | ($0.13) | - | ($0.10) | $0.07 | ($0.10) | - |
| EPS - Diluted | ($0.12) | - | ($0.12) | ($0.09) | ($0.13) | - | ($0.10) | $0.07 | ($0.10) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $48.50M | $63.00M | $49.90M | $49.20M | $65.50M | $76.10M | $69.50M | $65.10M | $55.10M | $62.00M |
| Accounts Receivable | $43.60M | $47.70M | $46.50M | $45.40M | $43.00M | $43.90M | $40.20M | $36.50M | $32.90M | $31.60M |
| Inventory | $33.70M | $30.60M | $36.00M | $38.10M | $35.30M | $21.70M | $22.50M | $26.00M | $19.30M | $17.30M |
| Accounts Payable | $35.10M | $36.70M | $34.60M | $33.20M | $37.10M | $26.90M | $24.40M | $26.20M | $20.80M | $17.60M |
| Current Assets | $143.70M | $153.80M | $146.70M | $151.90M | $156.50M | $151.20M | $153.00M | $147.50M | $125.00M | $124.90M |
| Total Assets | $1.11B | $1.12B | $1.13B | $1.14B | $1.12B | $1.10B | $1.13B | $1.12B | $1.11B | $1.12B |
| Current Liabilities | $83.20M | $84.00M | $78.20M | $87.30M | $87.70M | $68.40M | $64.80M | $58.60M | $51.30M | $48.00M |
| Long-term Debt | $396.50M | $396.40M | $397.20M | $397.70M | $399.50M | $400.80M | $400.50M | $393.50M | $394.10M | $397.80M |
| Total Liabilities | $582.60M | $590.00M | $591.80M | $599.00M | $575.40M | $556.10M | $569.00M | $553.80M | $547.20M | $550.70M |
| Stockholders' Equity | $524.50M | $534.90M | $537.80M | $539.00M | $544.10M | $548.10M | $564.30M | $566.20M | $560.00M | $572.00M |
| Retained Earnings | ($193.80M) | ($183.60M) | ($174.10M) | ($163.70M) | ($156.20M) | ($145.30M) | ($134.50M) | ($126.40M) | ($131.90M) | ($123.80M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.40M | - | - | - | ($1.30M) | - | - | - | $5.20M | - |
| Investing Cash Flow | ($18.30M) | - | - | - | ($7.50M) | - | - | - | ($10.30M) | - |
| Financing Cash Flow | $200.0K | - | - | - | ($2.80M) | - | - | - | ($1.30M) | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 34.5% | - | 34.5% | 31.3% | 33.9% | - | 37.3% | 36.7% | 37.9% | - |
| Operating margin | -3.8% | - | -5.7% | -10.5% | -8.8% | - | -4.6% | -6.0% | -5.6% | - |
| EBITDA margin | 12.8% | - | 3.5% | -1.0% | 7.8% | - | 4.3% | 3.6% | 16.4% | - |
| Net margin | -10.1% | - | -10.4% | -8.1% | -12.0% | - | -8.8% | 6.4% | -9.5% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 28.9% | - | 29.7% | 31.2% | 31.7% | - | 31.2% | 31.6% | 32.7% | - |
| Effective tax rate | - | - | - | - | - | - | - | 24.7% | - | - |
| Return on assets | -0.9% | - | -0.9% | -0.7% | -1.0% | - | -0.7% | 0.5% | -0.7% | - |
| Return on equity | -1.9% | - | -1.9% | -1.4% | -2.0% | - | -1.4% | 1.0% | -1.4% | - |
| Return on invested capital | -0.3% | - | -0.5% | -0.8% | -0.7% | - | -0.3% | -0.4% | -0.4% | - |
| Liquidity | ||||||||||
| Current ratio | 1.73 | 1.83 | 1.88 | 1.74 | 1.78 | 2.21 | 2.36 | 2.52 | 2.44 | 2.60 |
| Quick ratio | 1.32 | 1.47 | 1.42 | 1.30 | 1.38 | 1.89 | 2.01 | 2.07 | 2.06 | 2.24 |
| Cash ratio | 0.58 | 0.75 | 0.64 | 0.56 | 0.75 | 1.11 | 1.07 | 1.11 | 1.07 | 1.29 |
| Leverage | ||||||||||
| Debt / Equity | 0.76 | 0.74 | 0.74 | 0.74 | 0.73 | 0.73 | 0.71 | 0.69 | 0.70 | 0.70 |
| Debt / Assets | 0.36 | 0.35 | 0.35 | 0.35 | 0.36 | 0.36 | 0.35 | 0.35 | 0.36 | 0.35 |
| Debt / EBITDA | 30.50 | - | 113.49 | - | 56.27 | - | 100.13 | 126.94 | 28.15 | - |
| Interest coverage | -0.4x | - | -0.7x | -1.2x | -1.3x | - | -0.5x | -0.9x | -0.8x | - |
| Equity multiplier | 2.11 | 2.10 | 2.10 | 2.11 | 2.06 | 2.01 | 2.01 | 1.98 | 1.98 | 1.96 |
| Liabilities / Assets | 0.53 | 0.52 | 0.52 | 0.53 | 0.51 | 0.50 | 0.50 | 0.49 | 0.49 | 0.49 |
| Efficiency | ||||||||||
| Asset turnover | 0.09 | - | 0.09 | 0.08 | 0.08 | - | 0.08 | 0.08 | 0.08 | - |
| Inventory turnover | - | - | - | - | - | - | 2.57 | 2.10 | 2.75 | - |
| Days sales outstanding | 157d | - | 170d | 180d | 172d | - | 159d | 154d | 141d | - |
| Days inventory outstanding | - | - | - | - | - | - | 142d | 173d | 133d | - |
| Days payable outstanding | - | - | - | - | - | - | 154d | 175d | 143d | - |
| Cash conversion cycle | - | - | - | - | - | - | 147d | 153d | 130d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | 91.9x | - | - |
| P / B | 0.6x | - | 0.9x | 0.6x | 0.8x | - | 1.0x | 0.9x | 1.2x | - |
| P / S | 3.0x | - | 4.8x | 3.3x | 5.0x | - | 5.9x | 6.2x | 7.6x | - |
| EV / EBITDA | 50.1x | - | 234.7x | - | 110.9x | - | 218.6x | 278.3x | 70.7x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 11.0% | - | 8.0% | 6.8% | 6.9% | - | 11.4% | 5.5% | 5.0% | - |
| Revenue CAGR (3y) | 7.6% | - | 8.6% | 2.1% | 3.4% | - | -1.7% | -1.4% | -0.9% | - |
| Revenue CAGR (5y) | 2.9% | - | 5.3% | 6.9% | 7.5% | - | 5.9% | 5.8% | - | - |
| Gross profit growth (YoY) | 12.9% | - | 0.0% | -8.8% | -4.3% | - | 9.2% | 5.0% | 17.5% | - |
| Operating income growth (YoY) | 52.5% | - | -35.7% | -86.5% | -66.7% | - | - | - | 46.1% | - |
| Net income growth (YoY) | 6.4% | - | -28.4% | - | -34.6% | - | -145.5% | - | 34.7% | - |
| EPS growth (YoY) | 7.7% | - | -20.0% | - | -30.0% | - | -150.0% | - | 33.3% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | -87.0% | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -3.6% | -2.4% | -4.7% | -4.8% | -2.8% | -4.2% | -2.3% | -4.1% | -7.2% | -6.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$332.70M totalEurope And Asia Segment$175.70M · 52.8%
North America Segment$157.00M · 47.2%
Peer comparison
Same SIC group: Converted Paper & Paperboard Prods (No Contaners/Boxes)
Comparing Ranpak Holdings Corp. against the 3 most active filers in the same SIC group.