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Side-by-side financial comparison of FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) and Ranpak Holdings Corp. (PACK). Click either name above to swap in a different company.
FEDERAL AGRICULTURAL MORTGAGE CORP is the larger business by last-quarter revenue ($107.5M vs $93.7M, roughly 1.1× Ranpak Holdings Corp.). On growth, FEDERAL AGRICULTURAL MORTGAGE CORP posted the faster year-over-year revenue change (6.1% vs 2.3%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs 7.1%).
The Federal Agricultural Mortgage Corporation, also known as Farmer Mac, is a stockholder-owned, federally chartered corporation established by the U.S. Congress in 1988 under the Agricultural Credit Act of 1987. It was created to establish a secondary market for agricultural real estate and housing mortgage loans, to increase liquidity and the availability of long-term, stable credit for farmers, ranchers, and rural communities.
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...
AGM vs PACK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $107.5M | $93.7M |
| Net Profit | — | — |
| Gross Margin | — | 39.0% |
| Operating Margin | 56.3% | -1.0% |
| Net Margin | — | — |
| Revenue YoY | 6.1% | 2.3% |
| Net Profit YoY | — | — |
| EPS (diluted) | $3.69 | $-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.
| Q4 25 | $107.5M | $93.7M | ||
| Q3 25 | $104.0M | $83.6M | ||
| Q2 25 | $102.6M | $77.8M | ||
| Q1 25 | $94.3M | $77.6M | ||
| Q4 24 | $101.3M | $91.6M | ||
| Q3 24 | $90.3M | $78.6M | ||
| Q2 24 | $89.9M | $72.8M | ||
| Q1 24 | $93.7M | $72.5M |
| Q4 25 | — | — | ||
| Q3 25 | $55.0M | $-10.4M | ||
| Q2 25 | $54.8M | $-7.5M | ||
| Q1 25 | $49.7M | $-10.9M | ||
| Q4 24 | $56.5M | — | ||
| Q3 24 | $49.8M | $-8.1M | ||
| Q2 24 | $47.1M | $5.5M | ||
| Q1 24 | $53.7M | $-8.1M |
| 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% |
| Q4 25 | 56.3% | -1.0% | ||
| Q3 25 | 64.1% | -6.8% | ||
| Q2 25 | 63.8% | -12.5% | ||
| Q1 25 | 66.9% | -10.3% | ||
| Q4 24 | 67.5% | 1.5% | ||
| Q3 24 | 69.0% | -5.3% | ||
| Q2 24 | 65.9% | -7.1% | ||
| Q1 24 | 72.8% | -6.6% |
| Q4 25 | — | — | ||
| Q3 25 | 52.9% | -12.4% | ||
| Q2 25 | 53.4% | -9.6% | ||
| Q1 25 | 52.6% | -14.0% | ||
| Q4 24 | 55.8% | — | ||
| Q3 24 | 55.2% | -10.3% | ||
| Q2 24 | 52.4% | 7.6% | ||
| Q1 24 | 57.4% | -11.2% |
| Q4 25 | $3.69 | $-0.11 | ||
| Q3 25 | $4.44 | $-0.12 | ||
| Q2 25 | $4.48 | $-0.09 | ||
| Q1 25 | $4.01 | $-0.13 | ||
| Q4 24 | $4.62 | $-0.13 | ||
| Q3 24 | $3.86 | $-0.10 | ||
| Q2 24 | $3.68 | $0.07 | ||
| Q1 24 | $4.28 | $-0.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $63.0M |
| Total DebtLower is stronger | $30.8B | $401.9M |
| Stockholders' EquityBook value | $1.7B | $534.9M |
| Total Assets | $35.4B | $1.1B |
| Debt / EquityLower = less leverage | 17.93× | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $63.0M | ||
| Q3 25 | — | $49.9M | ||
| Q2 25 | — | $49.2M | ||
| Q1 25 | — | $65.5M | ||
| Q4 24 | — | $76.1M | ||
| Q3 24 | $842.1M | $69.5M | ||
| Q2 24 | $923.0M | $65.1M | ||
| Q1 24 | $745.1M | $55.1M |
| Q4 25 | $30.8B | $401.9M | ||
| Q3 25 | $29.2B | $403.1M | ||
| Q2 25 | $28.9B | $403.1M | ||
| Q1 25 | $28.0B | $405.2M | ||
| Q4 24 | $27.5B | $406.4M | ||
| Q3 24 | $27.2B | $403.2M | ||
| Q2 24 | $26.8B | $396.1M | ||
| Q1 24 | $26.8B | $396.7M |
| Q4 25 | $1.7B | $534.9M | ||
| Q3 25 | $1.7B | $537.8M | ||
| Q2 25 | $1.5B | $539.0M | ||
| Q1 25 | $1.5B | $544.1M | ||
| Q4 24 | $1.5B | $548.1M | ||
| Q3 24 | $1.5B | $564.3M | ||
| Q2 24 | $1.5B | $566.2M | ||
| Q1 24 | $1.5B | $560.0M |
| Q4 25 | $35.4B | $1.1B | ||
| Q3 25 | $33.4B | $1.1B | ||
| Q2 25 | $33.0B | $1.1B | ||
| Q1 25 | $31.8B | $1.1B | ||
| Q4 24 | $31.3B | $1.1B | ||
| Q3 24 | $30.6B | $1.1B | ||
| Q2 24 | $30.2B | $1.1B | ||
| Q1 24 | $29.8B | $1.1B |
| Q4 25 | 17.93× | 0.75× | ||
| Q3 25 | 17.31× | 0.75× | ||
| Q2 25 | 18.70× | 0.75× | ||
| Q1 25 | 18.39× | 0.74× | ||
| Q4 24 | 18.48× | 0.74× | ||
| Q3 24 | 18.60× | 0.71× | ||
| Q2 24 | 17.87× | 0.70× | ||
| Q1 24 | 18.11× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $80.1M | $19.5M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.1M | $19.5M | ||
| Q3 25 | $74.2M | $8.5M | ||
| Q2 25 | $-47.7M | $-3.6M | ||
| Q1 25 | $-49.8M | $-1.3M | ||
| Q4 24 | $612.6M | $6.5M | ||
| Q3 24 | $-44.4M | $10.1M | ||
| Q2 24 | $56.1M | $19.6M | ||
| Q1 24 | $233.3M | $5.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $607.4M | — | ||
| Q3 24 | $-44.4M | — | ||
| Q2 24 | $52.6M | — | ||
| Q1 24 | $231.7M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 599.8% | — | ||
| Q3 24 | -49.2% | — | ||
| Q2 24 | 58.5% | — | ||
| Q1 24 | 247.3% | — |
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 5.2% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 4.0% | — | ||
| Q1 24 | 1.7% | — |
| Q4 25 | — | — | ||
| Q3 25 | 1.35× | — | ||
| Q2 25 | -0.87× | — | ||
| Q1 25 | -1.00× | — | ||
| Q4 24 | 10.84× | — | ||
| Q3 24 | -0.89× | — | ||
| Q2 24 | 1.19× | 3.56× | ||
| Q1 24 | 4.34× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AGM
Segment breakdown not available.
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
