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Side-by-side financial comparison of AlTi Global, Inc. (ALTI) and Ranpak Holdings Corp. (PACK). Click either name above to swap in a different company.

Ranpak Holdings Corp. is the larger business by last-quarter revenue ($93.7M vs $86.6M, roughly 1.1× AlTi Global, Inc.). On growth, AlTi Global, Inc. posted the faster year-over-year revenue change (87.0% vs 2.3%). Over the past eight quarters, AlTi Global, Inc.'s revenue compounded faster (30.6% CAGR vs 13.7%).

Cristal Global is the world's second-largest producer of titanium dioxide and a leading producer of titanium chemicals. It was formed when The National Titanium Dioxide Company Ltd. combined with Millennium Chemicals. The headquarters are in Jeddah, Saudi Arabia. It is a significant shareholder in Bemax, the world’s 5th largest TiO2 feedstock producer.

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...

ALTI vs PACK — Head-to-Head

Bigger by revenue
PACK
PACK
1.1× larger
PACK
$93.7M
$86.6M
ALTI
Growing faster (revenue YoY)
ALTI
ALTI
+84.7% gap
ALTI
87.0%
2.3%
PACK
Faster 2-yr revenue CAGR
ALTI
ALTI
Annualised
ALTI
30.6%
13.7%
PACK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALTI
ALTI
PACK
PACK
Revenue
$86.6M
$93.7M
Net Profit
$-13.1M
Gross Margin
39.0%
Operating Margin
-2.1%
-1.0%
Net Margin
-15.1%
Revenue YoY
87.0%
2.3%
Net Profit YoY
75.6%
EPS (diluted)
$-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
ALTI
ALTI
PACK
PACK
Q4 25
$86.6M
$93.7M
Q3 25
$57.2M
$83.6M
Q2 25
$53.1M
$77.8M
Q1 25
$58.0M
$77.6M
Q4 24
$46.3M
$91.6M
Q3 24
$51.8M
$78.6M
Q2 24
$49.5M
$72.8M
Q1 24
$50.8M
$72.5M
Net Profit
ALTI
ALTI
PACK
PACK
Q4 25
$-13.1M
Q3 25
$-84.1M
$-10.4M
Q2 25
$-24.4M
$-7.5M
Q1 25
$1.9M
$-10.9M
Q4 24
$-53.8M
Q3 24
$-72.5M
$-8.1M
Q2 24
$-6.4M
$5.5M
Q1 24
$29.7M
$-8.1M
Gross Margin
ALTI
ALTI
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
ALTI
ALTI
PACK
PACK
Q4 25
-2.1%
-1.0%
Q3 25
-49.8%
-6.8%
Q2 25
-56.7%
-12.5%
Q1 25
-23.3%
-10.3%
Q4 24
-42.7%
1.5%
Q3 24
-18.4%
-5.3%
Q2 24
-30.2%
-7.1%
Q1 24
-28.9%
-6.6%
Net Margin
ALTI
ALTI
PACK
PACK
Q4 25
-15.1%
Q3 25
-147.0%
-12.4%
Q2 25
-45.9%
-9.6%
Q1 25
3.3%
-14.0%
Q4 24
-116.1%
Q3 24
-140.0%
-10.3%
Q2 24
-12.9%
7.6%
Q1 24
58.4%
-11.2%
EPS (diluted)
ALTI
ALTI
PACK
PACK
Q4 25
$-0.11
Q3 25
$-0.12
Q2 25
$-0.33
$-0.09
Q1 25
$-0.04
$-0.13
Q4 24
$-0.71
$-0.13
Q3 24
$-0.88
$-0.10
Q2 24
$-0.18
$0.07
Q1 24
$0.18
$-0.10

Balance Sheet & Financial Strength

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

Metric
ALTI
ALTI
PACK
PACK
Cash + ST InvestmentsLiquidity on hand
$41.2M
$63.0M
Total DebtLower is stronger
$883.0K
$401.9M
Stockholders' EquityBook value
$600.1M
$534.9M
Total Assets
$1.2B
$1.1B
Debt / EquityLower = less leverage
0.00×
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALTI
ALTI
PACK
PACK
Q4 25
$41.2M
$63.0M
Q3 25
$35.8M
$49.9M
Q2 25
$42.4M
$49.2M
Q1 25
$52.8M
$65.5M
Q4 24
$64.4M
$76.1M
Q3 24
$220.6M
$69.5M
Q2 24
$60.0M
$65.1M
Q1 24
$134.2M
$55.1M
Total Debt
ALTI
ALTI
PACK
PACK
Q4 25
$883.0K
$401.9M
Q3 25
$586.0K
$403.1M
Q2 25
$673.0K
$403.1M
Q1 25
$405.2M
Q4 24
$0
$406.4M
Q3 24
$128.4M
$403.2M
Q2 24
$164.0M
$396.1M
Q1 24
$183.7M
$396.7M
Stockholders' Equity
ALTI
ALTI
PACK
PACK
Q4 25
$600.1M
$534.9M
Q3 25
$607.2M
$537.8M
Q2 25
$685.4M
$539.0M
Q1 25
$665.2M
$544.1M
Q4 24
$658.4M
$548.1M
Q3 24
$707.0M
$564.3M
Q2 24
$540.2M
$566.2M
Q1 24
$510.9M
$560.0M
Total Assets
ALTI
ALTI
PACK
PACK
Q4 25
$1.2B
$1.1B
Q3 25
$1.2B
$1.1B
Q2 25
$1.2B
$1.1B
Q1 25
$1.2B
$1.1B
Q4 24
$1.3B
$1.1B
Q3 24
$1.4B
$1.1B
Q2 24
$1.3B
$1.1B
Q1 24
$1.3B
$1.1B
Debt / Equity
ALTI
ALTI
PACK
PACK
Q4 25
0.00×
0.75×
Q3 25
0.00×
0.75×
Q2 25
0.00×
0.75×
Q1 25
0.74×
Q4 24
0.00×
0.74×
Q3 24
0.18×
0.71×
Q2 24
0.30×
0.70×
Q1 24
0.36×
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
ALTI
ALTI
PACK
PACK
Operating Cash FlowLast quarter
$-51.4M
$19.5M
Free Cash FlowOCF − Capex
$-52.2M
FCF MarginFCF / Revenue
-60.3%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALTI
ALTI
PACK
PACK
Q4 25
$-51.4M
$19.5M
Q3 25
$-53.5M
$8.5M
Q2 25
$-19.9M
$-3.6M
Q1 25
$-30.2M
$-1.3M
Q4 24
$-50.7M
$6.5M
Q3 24
$-4.9M
$10.1M
Q2 24
$-30.2M
$19.6M
Q1 24
$-15.5M
$5.2M
Free Cash Flow
ALTI
ALTI
PACK
PACK
Q4 25
$-52.2M
Q3 25
Q2 25
$-20.0M
Q1 25
$-31.0M
Q4 24
$-58.2M
Q3 24
$-9.4M
Q2 24
$-31.2M
Q1 24
$-15.7M
FCF Margin
ALTI
ALTI
PACK
PACK
Q4 25
-60.3%
Q3 25
Q2 25
-37.6%
Q1 25
-53.4%
Q4 24
-125.7%
Q3 24
-18.2%
Q2 24
-63.2%
Q1 24
-30.9%
Capex Intensity
ALTI
ALTI
PACK
PACK
Q4 25
0.9%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
1.3%
Q4 24
16.3%
Q3 24
8.7%
Q2 24
2.2%
Q1 24
0.4%
Cash Conversion
ALTI
ALTI
PACK
PACK
Q4 25
Q3 25
Q2 25
Q1 25
-15.80×
Q4 24
Q3 24
Q2 24
3.56×
Q1 24
-0.52×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALTI
ALTI

Management Advisory Fees$51.1M59%
Other$32.7M38%
Distributions From Investments$2.9M3%

PACK
PACK

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

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