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Side-by-side financial comparison of Business First Bancshares, Inc. (BFST) 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 $83.1M, roughly 1.1× Business First Bancshares, Inc.). On growth, Business First Bancshares, Inc. posted the faster year-over-year revenue change (7.1% vs 2.3%). Over the past eight quarters, Business First Bancshares, Inc.'s revenue compounded faster (16.8% CAGR vs 13.7%).

First Citizens Bancshares, Inc. is a bank holding company based in Raleigh, North Carolina and one of the largest banks in the United States. Its primary subsidiary is First Citizens Bank, which operates over 500 branches in 23 states. A second subsidiary is Silicon Valley Bank, which operates 39 offices in 15 states.

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...

BFST vs PACK — Head-to-Head

Bigger by revenue
PACK
PACK
1.1× larger
PACK
$93.7M
$83.1M
BFST
Growing faster (revenue YoY)
BFST
BFST
+4.8% gap
BFST
7.1%
2.3%
PACK
Faster 2-yr revenue CAGR
BFST
BFST
Annualised
BFST
16.8%
13.7%
PACK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BFST
BFST
PACK
PACK
Revenue
$83.1M
$93.7M
Net Profit
Gross Margin
39.0%
Operating Margin
33.2%
-1.0%
Net Margin
Revenue YoY
7.1%
2.3%
Net Profit YoY
EPS (diluted)
$0.71
$-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
BFST
BFST
PACK
PACK
Q4 25
$83.1M
$93.7M
Q3 25
$80.9M
$83.6M
Q2 25
$81.5M
$77.8M
Q1 25
$79.2M
$77.6M
Q4 24
$77.6M
$91.6M
Q3 24
$66.9M
$78.6M
Q2 24
$66.2M
$72.8M
Q1 24
$60.9M
$72.5M
Net Profit
BFST
BFST
PACK
PACK
Q4 25
Q3 25
$22.9M
$-10.4M
Q2 25
$22.1M
$-7.5M
Q1 25
$20.5M
$-10.9M
Q4 24
Q3 24
$17.8M
$-8.1M
Q2 24
$17.2M
$5.5M
Q1 24
$13.6M
$-8.1M
Gross Margin
BFST
BFST
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
BFST
BFST
PACK
PACK
Q4 25
33.2%
-1.0%
Q3 25
35.7%
-6.8%
Q2 25
34.4%
-12.5%
Q1 25
32.6%
-10.3%
Q4 24
27.5%
1.5%
Q3 24
34.0%
-5.3%
Q2 24
32.9%
-7.1%
Q1 24
28.2%
-6.6%
Net Margin
BFST
BFST
PACK
PACK
Q4 25
Q3 25
28.2%
-12.4%
Q2 25
27.1%
-9.6%
Q1 25
25.9%
-14.0%
Q4 24
Q3 24
26.7%
-10.3%
Q2 24
26.0%
7.6%
Q1 24
22.3%
-11.2%
EPS (diluted)
BFST
BFST
PACK
PACK
Q4 25
$0.71
$-0.11
Q3 25
$0.73
$-0.12
Q2 25
$0.70
$-0.09
Q1 25
$0.65
$-0.13
Q4 24
$0.51
$-0.13
Q3 24
$0.65
$-0.10
Q2 24
$0.62
$0.07
Q1 24
$0.48
$-0.10

Balance Sheet & Financial Strength

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

Metric
BFST
BFST
PACK
PACK
Cash + ST InvestmentsLiquidity on hand
$411.2M
$63.0M
Total DebtLower is stronger
$401.9M
Stockholders' EquityBook value
$896.9M
$534.9M
Total Assets
$8.2B
$1.1B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFST
BFST
PACK
PACK
Q4 25
$411.2M
$63.0M
Q3 25
$399.1M
$49.9M
Q2 25
$495.8M
$49.2M
Q1 25
$312.9M
$65.5M
Q4 24
$319.1M
$76.1M
Q3 24
$213.2M
$69.5M
Q2 24
$208.1M
$65.1M
Q1 24
$185.9M
$55.1M
Total Debt
BFST
BFST
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
BFST
BFST
PACK
PACK
Q4 25
$896.9M
$534.9M
Q3 25
$878.4M
$537.8M
Q2 25
$848.4M
$539.0M
Q1 25
$826.3M
$544.1M
Q4 24
$799.5M
$548.1M
Q3 24
$699.5M
$564.3M
Q2 24
$664.5M
$566.2M
Q1 24
$649.0M
$560.0M
Total Assets
BFST
BFST
PACK
PACK
Q4 25
$8.2B
$1.1B
Q3 25
$8.0B
$1.1B
Q2 25
$7.9B
$1.1B
Q1 25
$7.8B
$1.1B
Q4 24
$7.9B
$1.1B
Q3 24
$6.9B
$1.1B
Q2 24
$6.7B
$1.1B
Q1 24
$6.7B
$1.1B
Debt / Equity
BFST
BFST
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
BFST
BFST
PACK
PACK
Operating Cash FlowLast quarter
$92.1M
$19.5M
Free Cash FlowOCF − Capex
$92.0M
FCF MarginFCF / Revenue
110.7%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$165.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFST
BFST
PACK
PACK
Q4 25
$92.1M
$19.5M
Q3 25
$32.4M
$8.5M
Q2 25
$14.0M
$-3.6M
Q1 25
$28.7M
$-1.3M
Q4 24
$61.4M
$6.5M
Q3 24
$21.4M
$10.1M
Q2 24
$15.1M
$19.6M
Q1 24
$7.6M
$5.2M
Free Cash Flow
BFST
BFST
PACK
PACK
Q4 25
$92.0M
Q3 25
$32.1M
Q2 25
$13.8M
Q1 25
$27.7M
Q4 24
$59.8M
Q3 24
$21.0M
Q2 24
$14.0M
Q1 24
$7.2M
FCF Margin
BFST
BFST
PACK
PACK
Q4 25
110.7%
Q3 25
39.6%
Q2 25
16.9%
Q1 25
34.9%
Q4 24
77.1%
Q3 24
31.4%
Q2 24
21.2%
Q1 24
11.8%
Capex Intensity
BFST
BFST
PACK
PACK
Q4 25
0.1%
Q3 25
0.4%
Q2 25
0.3%
Q1 25
1.3%
Q4 24
2.0%
Q3 24
0.6%
Q2 24
1.6%
Q1 24
0.6%
Cash Conversion
BFST
BFST
PACK
PACK
Q4 25
Q3 25
1.42×
Q2 25
0.63×
Q1 25
1.40×
Q4 24
Q3 24
1.20×
Q2 24
0.88×
3.56×
Q1 24
0.56×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BFST
BFST

Segment breakdown not available.

PACK
PACK

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

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