vs
Side-by-side financial comparison of Black Stone Minerals, L.P. (BSM) and Ranpak Holdings Corp. (PACK). Click either name above to swap in a different company.
Black Stone Minerals, L.P. is the larger business by last-quarter revenue ($95.2M vs $93.7M, roughly 1.0× Ranpak Holdings Corp.). On growth, Ranpak Holdings Corp. posted the faster year-over-year revenue change (2.3% vs -8.7%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs -9.7%).
Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.
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...
BSM vs PACK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $95.2M | $93.7M |
| Net Profit | $72.2M | — |
| Gross Margin | — | 39.0% |
| Operating Margin | 78.6% | -1.0% |
| Net Margin | 75.9% | — |
| Revenue YoY | -8.7% | 2.3% |
| Net Profit YoY | 55.8% | — |
| 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.
| Q4 25 | $95.2M | $93.7M | ||
| Q3 25 | $105.2M | $83.6M | ||
| Q2 25 | $106.7M | $77.8M | ||
| Q1 25 | $115.3M | $77.6M | ||
| Q4 24 | $104.3M | $91.6M | ||
| Q3 24 | $103.2M | $78.6M | ||
| Q2 24 | $115.2M | $72.8M | ||
| Q1 24 | $116.8M | $72.5M |
| Q4 25 | $72.2M | — | ||
| Q3 25 | $91.7M | $-10.4M | ||
| Q2 25 | $120.0M | $-7.5M | ||
| Q1 25 | $15.9M | $-10.9M | ||
| Q4 24 | $46.3M | — | ||
| Q3 24 | $92.7M | $-8.1M | ||
| Q2 24 | $68.3M | $5.5M | ||
| Q1 24 | $63.9M | $-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 | 78.6% | -1.0% | ||
| Q3 25 | 89.5% | -6.8% | ||
| Q2 25 | — | -12.5% | ||
| Q1 25 | 14.9% | -10.3% | ||
| Q4 24 | 45.6% | 1.5% | ||
| Q3 24 | 90.2% | -5.3% | ||
| Q2 24 | 59.5% | -7.1% | ||
| Q1 24 | 54.8% | -6.6% |
| Q4 25 | 75.9% | — | ||
| Q3 25 | 87.2% | -12.4% | ||
| Q2 25 | 112.5% | -9.6% | ||
| Q1 25 | 13.8% | -14.0% | ||
| Q4 24 | 44.4% | — | ||
| Q3 24 | 89.9% | -10.3% | ||
| Q2 24 | 59.3% | 7.6% | ||
| Q1 24 | 54.7% | -11.2% |
| Q4 25 | — | $-0.11 | ||
| Q3 25 | — | $-0.12 | ||
| Q2 25 | — | $-0.09 | ||
| Q1 25 | — | $-0.13 | ||
| Q4 24 | — | $-0.13 | ||
| Q3 24 | — | $-0.10 | ||
| Q2 24 | — | $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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.5M | $63.0M |
| Total DebtLower is stronger | — | $401.9M |
| Stockholders' EquityBook value | — | $534.9M |
| Total Assets | $1.3B | $1.1B |
| Debt / EquityLower = less leverage | — | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $63.0M | ||
| Q3 25 | $2.9M | $49.9M | ||
| Q2 25 | $2.5M | $49.2M | ||
| Q1 25 | $2.4M | $65.5M | ||
| Q4 24 | $2.5M | $76.1M | ||
| Q3 24 | $21.0M | $69.5M | ||
| Q2 24 | $26.7M | $65.1M | ||
| Q1 24 | $40.5M | $55.1M |
| 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 |
| Q4 25 | — | $534.9M | ||
| Q3 25 | — | $537.8M | ||
| Q2 25 | — | $539.0M | ||
| Q1 25 | — | $544.1M | ||
| Q4 24 | — | $548.1M | ||
| Q3 24 | — | $564.3M | ||
| Q2 24 | — | $566.2M | ||
| Q1 24 | — | $560.0M |
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.2B | $1.1B | ||
| Q1 24 | $1.2B | $1.1B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $65.1M | $19.5M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.90× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $65.1M | $19.5M | ||
| Q3 25 | $99.8M | $8.5M | ||
| Q2 25 | $80.5M | $-3.6M | ||
| Q1 25 | $64.8M | $-1.3M | ||
| Q4 24 | $91.0M | $6.5M | ||
| Q3 24 | $93.2M | $10.1M | ||
| Q2 24 | $100.4M | $19.6M | ||
| Q1 24 | $104.5M | $5.2M |
| Q4 25 | 0.90× | — | ||
| Q3 25 | 1.09× | — | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 4.07× | — | ||
| Q4 24 | 1.96× | — | ||
| Q3 24 | 1.01× | — | ||
| Q2 24 | 1.47× | 3.56× | ||
| Q1 24 | 1.63× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BSM
| Oil Reserves | $46.4M | 49% |
| Natural Gas Reserves | $44.1M | 46% |
| Real Estate | $4.7M | 5% |
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
