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Side-by-side financial comparison of BYLINE BANCORP, INC. (BY) and Ranpak Holdings Corp. (PACK). Click either name above to swap in a different company.

BYLINE BANCORP, INC. is the larger business by last-quarter revenue ($112.4M vs $93.7M, roughly 1.2× Ranpak Holdings Corp.). On growth, BYLINE BANCORP, INC. posted the faster year-over-year revenue change (9.0% vs 2.3%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs 6.4%).

Byline Bank is a bank headquartered in Chicago, Illinois, United States. It is the primary subsidiary of Byline Bancorp, Inc., a bank holding company, and the 4th largest SBA 7(a) lender.

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...

BY vs PACK — Head-to-Head

Bigger by revenue
BY
BY
1.2× larger
BY
$112.4M
$93.7M
PACK
Growing faster (revenue YoY)
BY
BY
+6.7% gap
BY
9.0%
2.3%
PACK
Faster 2-yr revenue CAGR
PACK
PACK
Annualised
PACK
13.7%
6.4%
BY

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BY
BY
PACK
PACK
Revenue
$112.4M
$93.7M
Net Profit
$37.6M
Gross Margin
39.0%
Operating Margin
-1.0%
Net Margin
33.4%
Revenue YoY
9.0%
2.3%
Net Profit YoY
33.0%
EPS (diluted)
$0.83
$-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
BY
BY
PACK
PACK
Q1 26
$112.4M
Q4 25
$117.0M
$93.7M
Q3 25
$115.7M
$83.6M
Q2 25
$110.5M
$77.8M
Q1 25
$103.1M
$77.6M
Q4 24
$104.7M
$91.6M
Q3 24
$101.8M
$78.6M
Q2 24
$99.4M
$72.8M
Net Profit
BY
BY
PACK
PACK
Q1 26
$37.6M
Q4 25
$34.5M
Q3 25
$37.2M
$-10.4M
Q2 25
$30.1M
$-7.5M
Q1 25
$28.2M
$-10.9M
Q4 24
$30.3M
Q3 24
$30.3M
$-8.1M
Q2 24
$29.7M
$5.5M
Gross Margin
BY
BY
PACK
PACK
Q1 26
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%
Operating Margin
BY
BY
PACK
PACK
Q1 26
Q4 25
40.1%
-1.0%
Q3 25
43.1%
-6.8%
Q2 25
35.2%
-12.5%
Q1 25
36.4%
-10.3%
Q4 24
38.6%
1.5%
Q3 24
39.3%
-5.3%
Q2 24
40.4%
-7.1%
Net Margin
BY
BY
PACK
PACK
Q1 26
33.4%
Q4 25
34.1%
Q3 25
32.1%
-12.4%
Q2 25
27.2%
-9.6%
Q1 25
27.4%
-14.0%
Q4 24
34.3%
Q3 24
29.8%
-10.3%
Q2 24
29.9%
7.6%
EPS (diluted)
BY
BY
PACK
PACK
Q1 26
$0.83
Q4 25
$0.77
$-0.11
Q3 25
$0.82
$-0.12
Q2 25
$0.66
$-0.09
Q1 25
$0.64
$-0.13
Q4 24
$0.68
$-0.13
Q3 24
$0.69
$-0.10
Q2 24
$0.68
$0.07

Balance Sheet & Financial Strength

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

Metric
BY
BY
PACK
PACK
Cash + ST InvestmentsLiquidity on hand
$198.4M
$63.0M
Total DebtLower is stronger
$401.9M
Stockholders' EquityBook value
$1.3B
$534.9M
Total Assets
$9.9B
$1.1B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BY
BY
PACK
PACK
Q1 26
$198.4M
Q4 25
$149.1M
$63.0M
Q3 25
$259.0M
$49.9M
Q2 25
$218.3M
$49.2M
Q1 25
$421.3M
$65.5M
Q4 24
$563.1M
$76.1M
Q3 24
$452.6M
$69.5M
Q2 24
$730.5M
$65.1M
Total Debt
BY
BY
PACK
PACK
Q1 26
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
Stockholders' Equity
BY
BY
PACK
PACK
Q1 26
$1.3B
Q4 25
$1.3B
$534.9M
Q3 25
$1.2B
$537.8M
Q2 25
$1.2B
$539.0M
Q1 25
$1.1B
$544.1M
Q4 24
$1.1B
$548.1M
Q3 24
$1.1B
$564.3M
Q2 24
$1.0B
$566.2M
Total Assets
BY
BY
PACK
PACK
Q1 26
$9.9B
Q4 25
$9.7B
$1.1B
Q3 25
$9.8B
$1.1B
Q2 25
$9.7B
$1.1B
Q1 25
$9.6B
$1.1B
Q4 24
$9.5B
$1.1B
Q3 24
$9.4B
$1.1B
Q2 24
$9.6B
$1.1B
Debt / Equity
BY
BY
PACK
PACK
Q1 26
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×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BY
BY
PACK
PACK
Operating Cash FlowLast quarter
$19.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BY
BY
PACK
PACK
Q1 26
Q4 25
$140.3M
$19.5M
Q3 25
$38.3M
$8.5M
Q2 25
$16.3M
$-3.6M
Q1 25
$27.1M
$-1.3M
Q4 24
$175.2M
$6.5M
Q3 24
$19.8M
$10.1M
Q2 24
$40.1M
$19.6M
Free Cash Flow
BY
BY
PACK
PACK
Q1 26
Q4 25
$136.3M
Q3 25
$38.0M
Q2 25
$15.2M
Q1 25
$25.0M
Q4 24
$171.2M
Q3 24
$19.1M
Q2 24
$39.4M
FCF Margin
BY
BY
PACK
PACK
Q1 26
Q4 25
116.5%
Q3 25
32.8%
Q2 25
13.7%
Q1 25
24.3%
Q4 24
163.5%
Q3 24
18.8%
Q2 24
39.7%
Capex Intensity
BY
BY
PACK
PACK
Q1 26
Q4 25
3.4%
Q3 25
0.3%
Q2 25
1.0%
Q1 25
2.0%
Q4 24
3.8%
Q3 24
0.6%
Q2 24
0.7%
Cash Conversion
BY
BY
PACK
PACK
Q1 26
Q4 25
4.06×
Q3 25
1.03×
Q2 25
0.54×
Q1 25
0.96×
Q4 24
5.78×
Q3 24
0.65×
Q2 24
1.35×
3.56×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BY
BY

Segment breakdown not available.

PACK
PACK

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

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