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Side-by-side financial comparison of ACV Auctions Inc. (ACVA) and Ranpak Holdings Corp. (PACK). Click either name above to swap in a different company.

ACV Auctions Inc. is the larger business by last-quarter revenue ($183.6M vs $93.7M, roughly 2.0× Ranpak Holdings Corp.). On growth, ACV Auctions Inc. posted the faster year-over-year revenue change (15.1% vs 2.3%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs 12.3%).

ACV Auctions Inc. operates a leading digital wholesale vehicle auction platform serving automotive dealers across the U.S. and Canada. It offers end-to-end services including transparent vehicle inspections, secure payment processing, and logistics support, enabling efficient trading of used vehicles between registered wholesale buyers and sellers.

Ranpak Holdings Corp. manufactures machines and paper products used in protective paper-based packing for shipping goods and merchandise for e-commerce and industry, along with automation solutions. The company is based in Concord, Ohio, and has production facilities and offices in Reno, Nevada; Kansas City, Missouri; the Netherlands; Czech Republic; Shanghai and Singapore. The paper packaging material can be used for multiple applications like wrapping, cushioning, void fill and cold chain p...

ACVA vs PACK — Head-to-Head

Bigger by revenue
ACVA
ACVA
2.0× larger
ACVA
$183.6M
$93.7M
PACK
Growing faster (revenue YoY)
ACVA
ACVA
+12.8% gap
ACVA
15.1%
2.3%
PACK
Faster 2-yr revenue CAGR
PACK
PACK
Annualised
PACK
13.7%
12.3%
ACVA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ACVA
ACVA
PACK
PACK
Revenue
$183.6M
$93.7M
Net Profit
Gross Margin
39.0%
Operating Margin
-9.7%
-1.0%
Net Margin
Revenue YoY
15.1%
2.3%
Net Profit YoY
EPS (diluted)
$-0.12
$-0.11

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ACVA
ACVA
PACK
PACK
Q4 25
$183.6M
$93.7M
Q3 25
$199.6M
$83.6M
Q2 25
$193.7M
$77.8M
Q1 25
$182.7M
$77.6M
Q4 24
$159.5M
$91.6M
Q3 24
$171.3M
$78.6M
Q2 24
$160.6M
$72.8M
Q1 24
$145.7M
$72.5M
Net Profit
ACVA
ACVA
PACK
PACK
Q4 25
Q3 25
$-24.5M
$-10.4M
Q2 25
$-7.3M
$-7.5M
Q1 25
$-14.8M
$-10.9M
Q4 24
Q3 24
$-16.0M
$-8.1M
Q2 24
$-17.1M
$5.5M
Q1 24
$-20.5M
$-8.1M
Gross Margin
ACVA
ACVA
PACK
PACK
Q4 25
39.0%
Q3 25
41.1%
Q2 25
37.1%
Q1 25
39.8%
Q4 24
45.2%
Q3 24
43.8%
Q2 24
43.5%
Q1 24
44.6%
Operating Margin
ACVA
ACVA
PACK
PACK
Q4 25
-9.7%
-1.0%
Q3 25
-11.9%
-6.8%
Q2 25
-3.7%
-12.5%
Q1 25
-7.9%
-10.3%
Q4 24
-16.2%
1.5%
Q3 24
-10.0%
-5.3%
Q2 24
-11.6%
-7.1%
Q1 24
-15.5%
-6.6%
Net Margin
ACVA
ACVA
PACK
PACK
Q4 25
Q3 25
-12.3%
-12.4%
Q2 25
-3.8%
-9.6%
Q1 25
-8.1%
-14.0%
Q4 24
Q3 24
-9.4%
-10.3%
Q2 24
-10.6%
7.6%
Q1 24
-14.1%
-11.2%
EPS (diluted)
ACVA
ACVA
PACK
PACK
Q4 25
$-0.12
$-0.11
Q3 25
$-0.14
$-0.12
Q2 25
$-0.04
$-0.09
Q1 25
$-0.09
$-0.13
Q4 24
$-0.15
$-0.13
Q3 24
$-0.10
$-0.10
Q2 24
$-0.10
$0.07
Q1 24
$-0.13
$-0.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACVA
ACVA
PACK
PACK
Cash + ST InvestmentsLiquidity on hand
$271.5M
$63.0M
Total DebtLower is stronger
$401.9M
Stockholders' EquityBook value
$429.7M
$534.9M
Total Assets
$1.1B
$1.1B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACVA
ACVA
PACK
PACK
Q4 25
$271.5M
$63.0M
Q3 25
$265.3M
$49.9M
Q2 25
$258.4M
$49.2M
Q1 25
$291.9M
$65.5M
Q4 24
$224.1M
$76.1M
Q3 24
$252.5M
$69.5M
Q2 24
$215.0M
$65.1M
Q1 24
$209.8M
$55.1M
Total Debt
ACVA
ACVA
PACK
PACK
Q4 25
$401.9M
Q3 25
$403.1M
Q2 25
$403.1M
Q1 25
$405.2M
Q4 24
$406.4M
Q3 24
$403.2M
Q2 24
$396.1M
Q1 24
$396.7M
Stockholders' Equity
ACVA
ACVA
PACK
PACK
Q4 25
$429.7M
$534.9M
Q3 25
$434.4M
$537.8M
Q2 25
$448.8M
$539.0M
Q1 25
$439.6M
$544.1M
Q4 24
$440.0M
$548.1M
Q3 24
$456.2M
$564.3M
Q2 24
$457.6M
$566.2M
Q1 24
$458.3M
$560.0M
Total Assets
ACVA
ACVA
PACK
PACK
Q4 25
$1.1B
$1.1B
Q3 25
$1.2B
$1.1B
Q2 25
$1.1B
$1.1B
Q1 25
$1.2B
$1.1B
Q4 24
$984.1M
$1.1B
Q3 24
$1.0B
$1.1B
Q2 24
$1.0B
$1.1B
Q1 24
$1.0B
$1.1B
Debt / Equity
ACVA
ACVA
PACK
PACK
Q4 25
0.75×
Q3 25
0.75×
Q2 25
0.75×
Q1 25
0.74×
Q4 24
0.74×
Q3 24
0.71×
Q2 24
0.70×
Q1 24
0.71×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACVA
ACVA
PACK
PACK
Operating Cash FlowLast quarter
$-12.4M
$19.5M
Free Cash FlowOCF − Capex
$-14.7M
FCF MarginFCF / Revenue
-8.0%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$69.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACVA
ACVA
PACK
PACK
Q4 25
$-12.4M
$19.5M
Q3 25
$10.3M
$8.5M
Q2 25
$13.7M
$-3.6M
Q1 25
$66.6M
$-1.3M
Q4 24
$-3.2M
$6.5M
Q3 24
$21.1M
$10.1M
Q2 24
$4.5M
$19.6M
Q1 24
$43.0M
$5.2M
Free Cash Flow
ACVA
ACVA
PACK
PACK
Q4 25
$-14.7M
Q3 25
$7.7M
Q2 25
$10.9M
Q1 25
$65.3M
Q4 24
$-3.9M
Q3 24
$20.2M
Q2 24
$2.7M
Q1 24
$41.9M
FCF Margin
ACVA
ACVA
PACK
PACK
Q4 25
-8.0%
Q3 25
3.8%
Q2 25
5.6%
Q1 25
35.7%
Q4 24
-2.5%
Q3 24
11.8%
Q2 24
1.7%
Q1 24
28.8%
Capex Intensity
ACVA
ACVA
PACK
PACK
Q4 25
1.2%
Q3 25
1.3%
Q2 25
1.5%
Q1 25
0.7%
Q4 24
0.4%
Q3 24
0.6%
Q2 24
1.1%
Q1 24
0.7%
Cash Conversion
ACVA
ACVA
PACK
PACK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
3.56×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ACVA
ACVA

Auction Marketplace Revenue$77.6M42%
Other Marketplace Revenue$72.4M39%
Customer Assurance$24.1M13%
Data Services Revenue$9.4M5%

PACK
PACK

Other$47.9M51%
Europe And Asia Segment$45.8M49%

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