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Side-by-side financial comparison of Clarus Corp (CLAR) 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 $65.4M, roughly 1.4× Clarus Corp). On growth, Ranpak Holdings Corp. posted the faster year-over-year revenue change (2.3% vs -8.4%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs -2.9%).
Clarus Corp is a global designer, manufacturer, and distributor of high-performance outdoor recreation, climbing, camping, and lifestyle products. It manages a portfolio of leading consumer brands, serving outdoor enthusiasts, professional athletes, and retail partners across North America, Europe, and the Asia-Pacific region, with a focus on innovative, durable gear for active lifestyles.
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...
CLAR vs PACK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $65.4M | $93.7M |
| Net Profit | $-31.3M | — |
| Gross Margin | 27.7% | 39.0% |
| Operating Margin | -59.6% | -1.0% |
| Net Margin | -47.8% | — |
| Revenue YoY | -8.4% | 2.3% |
| Net Profit YoY | 52.3% | — |
| EPS (diluted) | $-0.81 | $-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 | $65.4M | $93.7M | ||
| Q3 25 | $69.3M | $83.6M | ||
| Q2 25 | $55.2M | $77.8M | ||
| Q1 25 | $60.4M | $77.6M | ||
| Q4 24 | $71.4M | $91.6M | ||
| Q3 24 | $67.1M | $78.6M | ||
| Q2 24 | $56.5M | $72.8M | ||
| Q1 24 | $69.3M | $72.5M |
| Q4 25 | $-31.3M | — | ||
| Q3 25 | $-1.6M | $-10.4M | ||
| Q2 25 | $-8.4M | $-7.5M | ||
| Q1 25 | $-5.2M | $-10.9M | ||
| Q4 24 | $-65.5M | — | ||
| Q3 24 | $-3.2M | $-8.1M | ||
| Q2 24 | $-5.5M | $5.5M | ||
| Q1 24 | $21.9M | $-8.1M |
| Q4 25 | 27.7% | 39.0% | ||
| Q3 25 | 35.1% | 41.1% | ||
| Q2 25 | 35.6% | 37.1% | ||
| Q1 25 | 34.4% | 39.8% | ||
| Q4 24 | 33.4% | 45.2% | ||
| Q3 24 | 35.0% | 43.8% | ||
| Q2 24 | 36.1% | 43.5% | ||
| Q1 24 | 35.9% | 44.6% |
| Q4 25 | -59.6% | -1.0% | ||
| Q3 25 | -4.4% | -6.8% | ||
| Q2 25 | -19.7% | -12.5% | ||
| Q1 25 | -11.2% | -10.3% | ||
| Q4 24 | -70.2% | 1.5% | ||
| Q3 24 | -8.0% | -5.3% | ||
| Q2 24 | -14.4% | -7.1% | ||
| Q1 24 | -9.8% | -6.6% |
| Q4 25 | -47.8% | — | ||
| Q3 25 | -2.3% | -12.4% | ||
| Q2 25 | -15.3% | -9.6% | ||
| Q1 25 | -8.7% | -14.0% | ||
| Q4 24 | -91.8% | — | ||
| Q3 24 | -4.7% | -10.3% | ||
| Q2 24 | -9.7% | 7.6% | ||
| Q1 24 | 31.6% | -11.2% |
| Q4 25 | $-0.81 | $-0.11 | ||
| Q3 25 | $-0.04 | $-0.12 | ||
| Q2 25 | $-0.22 | $-0.09 | ||
| Q1 25 | $-0.14 | $-0.13 | ||
| Q4 24 | $-1.72 | $-0.13 | ||
| Q3 24 | $-0.08 | $-0.10 | ||
| Q2 24 | $-0.14 | $0.07 | ||
| Q1 24 | $0.57 | $-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 | $36.7M | $63.0M |
| Total DebtLower is stronger | $0 | $401.9M |
| Stockholders' EquityBook value | $196.4M | $534.9M |
| Total Assets | $249.0M | $1.1B |
| Debt / EquityLower = less leverage | 0.00× | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.7M | $63.0M | ||
| Q3 25 | $29.5M | $49.9M | ||
| Q2 25 | $28.5M | $49.2M | ||
| Q1 25 | $41.3M | $65.5M | ||
| Q4 24 | $45.4M | $76.1M | ||
| Q3 24 | $36.4M | $69.5M | ||
| Q2 24 | $46.2M | $65.1M | ||
| Q1 24 | $47.5M | $55.1M |
| Q4 25 | $0 | $401.9M | ||
| Q3 25 | $2.0M | $403.1M | ||
| Q2 25 | $1.9M | $403.1M | ||
| Q1 25 | $1.9M | $405.2M | ||
| Q4 24 | $1.9M | $406.4M | ||
| Q3 24 | — | $403.2M | ||
| Q2 24 | — | $396.1M | ||
| Q1 24 | $37.0K | $396.7M |
| Q4 25 | $196.4M | $534.9M | ||
| Q3 25 | $225.8M | $537.8M | ||
| Q2 25 | $225.1M | $539.0M | ||
| Q1 25 | $229.3M | $544.1M | ||
| Q4 24 | $233.1M | $548.1M | ||
| Q3 24 | $308.5M | $564.3M | ||
| Q2 24 | $307.3M | $566.2M | ||
| Q1 24 | $310.4M | $560.0M |
| Q4 25 | $249.0M | $1.1B | ||
| Q3 25 | $283.1M | $1.1B | ||
| Q2 25 | $286.5M | $1.1B | ||
| Q1 25 | $292.8M | $1.1B | ||
| Q4 24 | $294.1M | $1.1B | ||
| Q3 24 | $375.3M | $1.1B | ||
| Q2 24 | $369.4M | $1.1B | ||
| Q1 24 | $377.0M | $1.1B |
| Q4 25 | 0.00× | 0.75× | ||
| Q3 25 | 0.01× | 0.75× | ||
| Q2 25 | 0.01× | 0.75× | ||
| Q1 25 | 0.01× | 0.74× | ||
| Q4 24 | 0.01× | 0.74× | ||
| Q3 24 | — | 0.71× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | 0.00× | 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 | $12.5M | $19.5M |
| Free Cash FlowOCF − Capex | $11.6M | — |
| FCF MarginFCF / Revenue | 17.7% | — |
| Capex IntensityCapex / Revenue | 1.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-9.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.5M | $19.5M | ||
| Q3 25 | $-5.7M | $8.5M | ||
| Q2 25 | $-9.4M | $-3.6M | ||
| Q1 25 | $-2.1M | $-1.3M | ||
| Q4 24 | $16.6M | $6.5M | ||
| Q3 24 | $-8.3M | $10.1M | ||
| Q2 24 | $834.0K | $19.6M | ||
| Q1 24 | $-16.4M | $5.2M |
| Q4 25 | $11.6M | — | ||
| Q3 25 | $-7.0M | — | ||
| Q2 25 | $-11.3M | — | ||
| Q1 25 | $-3.3M | — | ||
| Q4 24 | $14.4M | — | ||
| Q3 24 | $-9.4M | — | ||
| Q2 24 | $-744.0K | — | ||
| Q1 24 | $-18.3M | — |
| Q4 25 | 17.7% | — | ||
| Q3 25 | -10.0% | — | ||
| Q2 25 | -20.4% | — | ||
| Q1 25 | -5.4% | — | ||
| Q4 24 | 20.1% | — | ||
| Q3 24 | -14.0% | — | ||
| Q2 24 | -1.3% | — | ||
| Q1 24 | -26.3% | — |
| Q4 25 | 1.4% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 3.1% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 2.8% | — | ||
| Q1 24 | 2.7% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.56× | ||
| Q1 24 | -0.75× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLAR
| Other | $37.1M | 57% |
| Outdoor Segment | $25.3M | 39% |
| Adventure Segment | $3.0M | 5% |
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
