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Side-by-side financial comparison of Commercial Vehicle Group, Inc. (CVGI) and Ranpak Holdings Corp. (PACK). Click either name above to swap in a different company.

Commercial Vehicle Group, Inc. is the larger business by last-quarter revenue ($154.8M vs $93.7M, roughly 1.7× Ranpak Holdings Corp.). On growth, Ranpak Holdings Corp. posted the faster year-over-year revenue change (2.3% vs -5.2%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs -10.8%).

WABCO Holdings, Inc. was a U.S.-based provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. In 2007, the Vehicle Control Systems was spun off as WABCO Holdings Inc., an American provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. Their products are present in many commercial vehicles such as trucks, buses, trailers and off-highway vehicles but they ...

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...

CVGI vs PACK — Head-to-Head

Bigger by revenue
CVGI
CVGI
1.7× larger
CVGI
$154.8M
$93.7M
PACK
Growing faster (revenue YoY)
PACK
PACK
+7.5% gap
PACK
2.3%
-5.2%
CVGI
Faster 2-yr revenue CAGR
PACK
PACK
Annualised
PACK
13.7%
-10.8%
CVGI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CVGI
CVGI
PACK
PACK
Revenue
$154.8M
$93.7M
Net Profit
Gross Margin
9.7%
39.0%
Operating Margin
-1.2%
-1.0%
Net Margin
Revenue YoY
-5.2%
2.3%
Net Profit YoY
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.

Revenue
CVGI
CVGI
PACK
PACK
Q4 25
$154.8M
$93.7M
Q3 25
$152.5M
$83.6M
Q2 25
$172.0M
$77.8M
Q1 25
$169.8M
$77.6M
Q4 24
$163.3M
$91.6M
Q3 24
$171.8M
$78.6M
Q2 24
$193.7M
$72.8M
Q1 24
$194.6M
$72.5M
Net Profit
CVGI
CVGI
PACK
PACK
Q4 25
Q3 25
$-7.1M
$-10.4M
Q2 25
$-4.8M
$-7.5M
Q1 25
$-4.3M
$-10.9M
Q4 24
Q3 24
$9.5M
$-8.1M
Q2 24
$-1.6M
$5.5M
Q1 24
$2.9M
$-8.1M
Gross Margin
CVGI
CVGI
PACK
PACK
Q4 25
9.7%
39.0%
Q3 25
10.5%
41.1%
Q2 25
11.4%
37.1%
Q1 25
10.5%
39.8%
Q4 24
8.0%
45.2%
Q3 24
9.6%
43.8%
Q2 24
10.6%
43.5%
Q1 24
11.9%
44.6%
Operating Margin
CVGI
CVGI
PACK
PACK
Q4 25
-1.2%
-1.0%
Q3 25
-0.7%
-6.8%
Q2 25
0.5%
-12.5%
Q1 25
0.8%
-10.3%
Q4 24
-3.2%
1.5%
Q3 24
-0.6%
-5.3%
Q2 24
0.5%
-7.1%
Q1 24
2.3%
-6.6%
Net Margin
CVGI
CVGI
PACK
PACK
Q4 25
Q3 25
-4.6%
-12.4%
Q2 25
-2.8%
-9.6%
Q1 25
-2.5%
-14.0%
Q4 24
Q3 24
5.5%
-10.3%
Q2 24
-0.8%
7.6%
Q1 24
1.5%
-11.2%
EPS (diluted)
CVGI
CVGI
PACK
PACK
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
$-0.05
$0.07
Q1 24
$0.09
$-0.10

Balance Sheet & Financial Strength

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

Metric
CVGI
CVGI
PACK
PACK
Cash + ST InvestmentsLiquidity on hand
$63.0M
Total DebtLower is stronger
$104.9M
$401.9M
Stockholders' EquityBook value
$133.4M
$534.9M
Total Assets
$391.7M
$1.1B
Debt / EquityLower = less leverage
0.79×
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVGI
CVGI
PACK
PACK
Q4 25
$63.0M
Q3 25
$49.9M
Q2 25
$49.2M
Q1 25
$65.5M
Q4 24
$76.1M
Q3 24
$69.5M
Q2 24
$65.1M
Q1 24
$55.1M
Total Debt
CVGI
CVGI
PACK
PACK
Q4 25
$104.9M
$401.9M
Q3 25
$108.2M
$403.1M
Q2 25
$118.2M
$403.1M
Q1 25
$117.4M
$405.2M
Q4 24
$135.5M
$406.4M
Q3 24
$128.8M
$403.2M
Q2 24
$142.0M
$396.1M
Q1 24
$155.7M
$396.7M
Stockholders' Equity
CVGI
CVGI
PACK
PACK
Q4 25
$133.4M
$534.9M
Q3 25
$136.5M
$537.8M
Q2 25
$142.6M
$539.0M
Q1 25
$136.7M
$544.1M
Q4 24
$135.6M
$548.1M
Q3 24
$179.3M
$564.3M
Q2 24
$169.6M
$566.2M
Q1 24
$175.5M
$560.0M
Total Assets
CVGI
CVGI
PACK
PACK
Q4 25
$391.7M
$1.1B
Q3 25
$400.3M
$1.1B
Q2 25
$429.8M
$1.1B
Q1 25
$419.8M
$1.1B
Q4 24
$424.6M
$1.1B
Q3 24
$495.3M
$1.1B
Q2 24
$503.2M
$1.1B
Q1 24
$509.2M
$1.1B
Debt / Equity
CVGI
CVGI
PACK
PACK
Q4 25
0.79×
0.75×
Q3 25
0.79×
0.75×
Q2 25
0.83×
0.75×
Q1 25
0.86×
0.74×
Q4 24
1.00×
0.74×
Q3 24
0.72×
0.71×
Q2 24
0.84×
0.70×
Q1 24
0.89×
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
CVGI
CVGI
PACK
PACK
Operating Cash FlowLast quarter
$12.3M
$19.5M
Free Cash FlowOCF − Capex
$8.7M
FCF MarginFCF / Revenue
5.6%
Capex IntensityCapex / Revenue
2.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$34.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVGI
CVGI
PACK
PACK
Q4 25
$12.3M
$19.5M
Q3 25
$-1.7M
$8.5M
Q2 25
$18.9M
$-3.6M
Q1 25
$15.2M
$-1.3M
Q4 24
$-26.6M
$6.5M
Q3 24
$-17.1M
$10.1M
Q2 24
$12.6M
$19.6M
Q1 24
$-2.4M
$5.2M
Free Cash Flow
CVGI
CVGI
PACK
PACK
Q4 25
$8.7M
Q3 25
$-3.5M
Q2 25
$17.4M
Q1 25
$11.4M
Q4 24
$-30.6M
Q3 24
$-20.3M
Q2 24
$6.4M
Q1 24
$-7.4M
FCF Margin
CVGI
CVGI
PACK
PACK
Q4 25
5.6%
Q3 25
-2.3%
Q2 25
10.1%
Q1 25
6.7%
Q4 24
-18.7%
Q3 24
-11.8%
Q2 24
3.3%
Q1 24
-3.8%
Capex Intensity
CVGI
CVGI
PACK
PACK
Q4 25
2.3%
Q3 25
1.2%
Q2 25
0.9%
Q1 25
2.2%
Q4 24
2.4%
Q3 24
1.9%
Q2 24
3.2%
Q1 24
2.6%
Cash Conversion
CVGI
CVGI
PACK
PACK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-1.79×
Q2 24
3.56×
Q1 24
-0.80×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CVGI
CVGI

Global Seating$70.7M46%
Global Electrical Systems$49.7M32%
Trim Systems And Components$34.4M22%

PACK
PACK

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

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