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Side-by-side financial comparison of Employers Holdings, Inc. (EIG) and Ranpak Holdings Corp. (PACK). Click either name above to swap in a different company.
Employers Holdings, Inc. is the larger business by last-quarter revenue ($170.5M vs $93.7M, roughly 1.8× Ranpak Holdings Corp.). On growth, Ranpak Holdings Corp. posted the faster year-over-year revenue change (2.3% vs -21.3%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs -11.4%).
Employers Holdings, Inc. is a U.S.-headquartered insurance holding company that specializes in offering workers' compensation insurance and customized risk management services primarily for small and medium-sized enterprises across the United States. It mainly serves clients in low-to-medium hazard industries, helping them mitigate workplace safety risks and meet relevant regulatory requirements for employee protection.
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...
EIG vs PACK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $170.5M | $93.7M |
| Net Profit | — | — |
| Gross Margin | — | 39.0% |
| Operating Margin | — | -1.0% |
| Net Margin | — | — |
| Revenue YoY | -21.3% | 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.
| Q1 26 | $170.5M | — | ||
| Q4 25 | $188.5M | $93.7M | ||
| Q3 25 | $239.3M | $83.6M | ||
| Q2 25 | $246.3M | $77.8M | ||
| Q1 25 | $202.6M | $77.6M | ||
| Q4 24 | $216.6M | $91.6M | ||
| Q3 24 | $224.0M | $78.6M | ||
| Q2 24 | $217.0M | $72.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $-8.3M | $-10.4M | ||
| Q2 25 | $29.7M | $-7.5M | ||
| Q1 25 | $12.8M | $-10.9M | ||
| Q4 24 | — | — | ||
| Q3 24 | $30.3M | $-8.1M | ||
| Q2 24 | $31.7M | $5.5M |
| 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% |
| Q1 26 | — | — | ||
| Q4 25 | — | -1.0% | ||
| Q3 25 | -4.7% | -6.8% | ||
| Q2 25 | 15.0% | -12.5% | ||
| Q1 25 | 7.8% | -10.3% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | 16.4% | -5.3% | ||
| Q2 24 | 18.4% | -7.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -3.5% | -12.4% | ||
| Q2 25 | 12.1% | -9.6% | ||
| Q1 25 | 6.3% | -14.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | 13.5% | -10.3% | ||
| Q2 24 | 14.6% | 7.6% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.93 | $-0.11 | ||
| Q3 25 | $-0.36 | $-0.12 | ||
| Q2 25 | $1.23 | $-0.09 | ||
| Q1 25 | $0.52 | $-0.13 | ||
| Q4 24 | $1.14 | $-0.13 | ||
| Q3 24 | $1.21 | $-0.10 | ||
| Q2 24 | $1.25 | $0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $169.9M | $63.0M |
| Total DebtLower is stronger | — | $401.9M |
| Stockholders' EquityBook value | $955.7M | $534.9M |
| Total Assets | $3.4B | $1.1B |
| Debt / EquityLower = less leverage | — | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $169.9M | — | ||
| Q4 25 | $169.9M | $63.0M | ||
| Q3 25 | $172.4M | $49.9M | ||
| Q2 25 | $78.1M | $49.2M | ||
| Q1 25 | $100.4M | $65.5M | ||
| Q4 24 | $68.4M | $76.1M | ||
| Q3 24 | $173.9M | $69.5M | ||
| Q2 24 | $126.4M | $65.1M |
| Q1 26 | — | — | ||
| Q4 25 | $19.0M | $401.9M | ||
| Q3 25 | — | $403.1M | ||
| Q2 25 | — | $403.1M | ||
| Q1 25 | — | $405.2M | ||
| Q4 24 | $0 | $406.4M | ||
| Q3 24 | — | $403.2M | ||
| Q2 24 | — | $396.1M |
| Q1 26 | $955.7M | — | ||
| Q4 25 | $955.7M | $534.9M | ||
| Q3 25 | $1.0B | $537.8M | ||
| Q2 25 | $1.1B | $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 |
| Q1 26 | $3.4B | — | ||
| Q4 25 | $3.4B | $1.1B | ||
| Q3 25 | $3.5B | $1.1B | ||
| Q2 25 | $3.5B | $1.1B | ||
| Q1 25 | $3.6B | $1.1B | ||
| Q4 24 | $3.5B | $1.1B | ||
| Q3 24 | $3.6B | $1.1B | ||
| Q2 24 | $3.5B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | 0.02× | 0.75× | ||
| Q3 25 | — | 0.75× | ||
| Q2 25 | — | 0.75× | ||
| Q1 25 | — | 0.74× | ||
| Q4 24 | 0.00× | 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 | | |
|---|---|---|
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $44.7M | $19.5M | ||
| Q3 25 | $29.4M | $8.5M | ||
| Q2 25 | $0 | $-3.6M | ||
| Q1 25 | $14.6M | $-1.3M | ||
| Q4 24 | $76.4M | $6.5M | ||
| Q3 24 | $51.0M | $10.1M | ||
| Q2 24 | $11.7M | $19.6M |
| Q1 26 | — | — | ||
| Q4 25 | $44.6M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $76.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 23.7% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 35.2% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 1.14× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.68× | — | ||
| Q2 24 | 0.37× | 3.56× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EIG
Segment breakdown not available.
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
