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Side-by-side financial comparison of Armour Residential REIT, Inc. (ARR) 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 $50.4M, roughly 1.9× Armour Residential REIT, Inc.). On growth, Armour Residential REIT, Inc. posted the faster year-over-year revenue change (297.9% vs 2.3%). Over the past eight quarters, Armour Residential REIT, Inc.'s revenue compounded faster (108.0% CAGR vs 13.7%).

Armour Residential REIT, Inc. is a U.S.-based real estate investment trust that primarily invests in agency residential mortgage-backed securities guaranteed by U.S. government-sponsored entities. It focuses on generating consistent long-term net income for shareholders via strategic asset management and active interest rate risk mitigation.

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...

ARR vs PACK — Head-to-Head

Bigger by revenue
PACK
PACK
1.9× larger
PACK
$93.7M
$50.4M
ARR
Growing faster (revenue YoY)
ARR
ARR
+295.6% gap
ARR
297.9%
2.3%
PACK
Faster 2-yr revenue CAGR
ARR
ARR
Annualised
ARR
108.0%
13.7%
PACK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARR
ARR
PACK
PACK
Revenue
$50.4M
$93.7M
Net Profit
$211.7M
Gross Margin
39.0%
Operating Margin
-1.0%
Net Margin
420.2%
Revenue YoY
297.9%
2.3%
Net Profit YoY
555.9%
EPS (diluted)
$2.43
$-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
ARR
ARR
PACK
PACK
Q4 25
$50.4M
$93.7M
Q3 25
$38.5M
$83.6M
Q2 25
$33.1M
$77.8M
Q1 25
$36.3M
$77.6M
Q4 24
$12.7M
$91.6M
Q3 24
$78.6M
Q2 24
$7.0M
$72.8M
Q1 24
$72.5M
Net Profit
ARR
ARR
PACK
PACK
Q4 25
$211.7M
Q3 25
$159.3M
$-10.4M
Q2 25
$-75.6M
$-7.5M
Q1 25
$27.3M
$-10.9M
Q4 24
$-46.4M
Q3 24
$-8.1M
Q2 24
$-48.4M
$5.5M
Q1 24
$-8.1M
Gross Margin
ARR
ARR
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
ARR
ARR
PACK
PACK
Q4 25
-1.0%
Q3 25
-6.8%
Q2 25
-12.5%
Q1 25
-10.3%
Q4 24
1.5%
Q3 24
-5.3%
Q2 24
-7.1%
Q1 24
-6.6%
Net Margin
ARR
ARR
PACK
PACK
Q4 25
420.2%
Q3 25
413.5%
-12.4%
Q2 25
-228.4%
-9.6%
Q1 25
75.2%
-14.0%
Q4 24
-366.8%
Q3 24
-10.3%
Q2 24
-693.8%
7.6%
Q1 24
-11.2%
EPS (diluted)
ARR
ARR
PACK
PACK
Q4 25
$2.43
$-0.11
Q3 25
$1.49
$-0.12
Q2 25
$-0.94
$-0.09
Q1 25
$0.32
$-0.13
Q4 24
$-0.91
$-0.13
Q3 24
$-0.10
Q2 24
$-1.05
$0.07
Q1 24
$-0.10

Balance Sheet & Financial Strength

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

Metric
ARR
ARR
PACK
PACK
Cash + ST InvestmentsLiquidity on hand
$63.3M
$63.0M
Total DebtLower is stronger
$401.9M
Stockholders' EquityBook value
$2.3B
$534.9M
Total Assets
$21.0B
$1.1B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARR
ARR
PACK
PACK
Q4 25
$63.3M
$63.0M
Q3 25
$44.2M
$49.9M
Q2 25
$141.2M
$49.2M
Q1 25
$49.1M
$65.5M
Q4 24
$68.0M
$76.1M
Q3 24
$69.5M
Q2 24
$126.6M
$65.1M
Q1 24
$55.1M
Total Debt
ARR
ARR
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
ARR
ARR
PACK
PACK
Q4 25
$2.3B
$534.9M
Q3 25
$2.1B
$537.8M
Q2 25
$1.7B
$539.0M
Q1 25
$1.7B
$544.1M
Q4 24
$1.4B
$548.1M
Q3 24
$564.3M
Q2 24
$1.2B
$566.2M
Q1 24
$560.0M
Total Assets
ARR
ARR
PACK
PACK
Q4 25
$21.0B
$1.1B
Q3 25
$19.4B
$1.1B
Q2 25
$16.2B
$1.1B
Q1 25
$15.5B
$1.1B
Q4 24
$13.5B
$1.1B
Q3 24
$1.1B
Q2 24
$10.1B
$1.1B
Q1 24
$1.1B
Debt / Equity
ARR
ARR
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
ARR
ARR
PACK
PACK
Operating Cash FlowLast quarter
$124.2M
$19.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.59×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARR
ARR
PACK
PACK
Q4 25
$124.2M
$19.5M
Q3 25
$-37.8M
$8.5M
Q2 25
$25.0M
$-3.6M
Q1 25
$101.5M
$-1.3M
Q4 24
$261.5M
$6.5M
Q3 24
$10.1M
Q2 24
$27.1M
$19.6M
Q1 24
$5.2M
Cash Conversion
ARR
ARR
PACK
PACK
Q4 25
0.59×
Q3 25
-0.24×
Q2 25
Q1 25
3.71×
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

ARR
ARR

Segment breakdown not available.

PACK
PACK

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

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