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Side-by-side financial comparison of Elme Communities (ELME) 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 $62.1M, roughly 1.5× Elme Communities). On growth, Ranpak Holdings Corp. posted the faster year-over-year revenue change (2.3% vs 1.7%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs 2.7%).

Elme Communities is a publicly traded U.S. real estate investment trust that primarily owns, operates and develops high-quality multifamily residential communities. It focuses on key growth markets across the U.S. Mid-Atlantic and Southeast, offering affordable to mid-tier housing options for diverse renter groups.

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...

ELME vs PACK — Head-to-Head

Bigger by revenue
PACK
PACK
1.5× larger
PACK
$93.7M
$62.1M
ELME
Growing faster (revenue YoY)
PACK
PACK
+0.6% gap
PACK
2.3%
1.7%
ELME
Faster 2-yr revenue CAGR
PACK
PACK
Annualised
PACK
13.7%
2.7%
ELME

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ELME
ELME
PACK
PACK
Revenue
$62.1M
$93.7M
Net Profit
$-123.5M
Gross Margin
61.1%
39.0%
Operating Margin
-183.3%
-1.0%
Net Margin
-198.9%
Revenue YoY
1.7%
2.3%
Net Profit YoY
-4058.7%
EPS (diluted)
$-1.40
$-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
ELME
ELME
PACK
PACK
Q4 25
$93.7M
Q3 25
$62.1M
$83.6M
Q2 25
$62.1M
$77.8M
Q1 25
$61.5M
$77.6M
Q4 24
$61.3M
$91.6M
Q3 24
$61.1M
$78.6M
Q2 24
$60.1M
$72.8M
Q1 24
$59.5M
$72.5M
Net Profit
ELME
ELME
PACK
PACK
Q4 25
Q3 25
$-123.5M
$-10.4M
Q2 25
$-3.6M
$-7.5M
Q1 25
$-4.7M
$-10.9M
Q4 24
$-3.0M
Q3 24
$-3.0M
$-8.1M
Q2 24
$-3.5M
$5.5M
Q1 24
$-3.6M
$-8.1M
Gross Margin
ELME
ELME
PACK
PACK
Q4 25
39.0%
Q3 25
61.1%
41.1%
Q2 25
63.5%
37.1%
Q1 25
64.2%
39.8%
Q4 24
62.9%
45.2%
Q3 24
63.5%
43.8%
Q2 24
63.4%
43.5%
Q1 24
63.5%
44.6%
Operating Margin
ELME
ELME
PACK
PACK
Q4 25
-1.0%
Q3 25
-183.3%
-6.8%
Q2 25
9.6%
-12.5%
Q1 25
7.8%
-10.3%
Q4 24
10.4%
1.5%
Q3 24
11.0%
-5.3%
Q2 24
9.8%
-7.1%
Q1 24
7.5%
-6.6%
Net Margin
ELME
ELME
PACK
PACK
Q4 25
Q3 25
-198.9%
-12.4%
Q2 25
-5.7%
-9.6%
Q1 25
-7.6%
-14.0%
Q4 24
-4.9%
Q3 24
-4.9%
-10.3%
Q2 24
-5.8%
7.6%
Q1 24
-6.1%
-11.2%
EPS (diluted)
ELME
ELME
PACK
PACK
Q4 25
$-0.11
Q3 25
$-1.40
$-0.12
Q2 25
$-0.04
$-0.09
Q1 25
$-0.05
$-0.13
Q4 24
$-0.04
$-0.13
Q3 24
$-0.03
$-0.10
Q2 24
$-0.04
$0.07
Q1 24
$-0.04
$-0.10

Balance Sheet & Financial Strength

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

Metric
ELME
ELME
PACK
PACK
Cash + ST InvestmentsLiquidity on hand
$7.1M
$63.0M
Total DebtLower is stronger
$401.9M
Stockholders' EquityBook value
$908.9M
$534.9M
Total Assets
$1.7B
$1.1B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELME
ELME
PACK
PACK
Q4 25
$63.0M
Q3 25
$7.1M
$49.9M
Q2 25
$4.8M
$49.2M
Q1 25
$6.4M
$65.5M
Q4 24
$6.1M
$76.1M
Q3 24
$4.8M
$69.5M
Q2 24
$5.6M
$65.1M
Q1 24
$4.2M
$55.1M
Total Debt
ELME
ELME
PACK
PACK
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
Stockholders' Equity
ELME
ELME
PACK
PACK
Q4 25
$534.9M
Q3 25
$908.9M
$537.8M
Q2 25
$1.0B
$539.0M
Q1 25
$1.1B
$544.1M
Q4 24
$1.1B
$548.1M
Q3 24
$1.1B
$564.3M
Q2 24
$1.1B
$566.2M
Q1 24
$1.1B
$560.0M
Total Assets
ELME
ELME
PACK
PACK
Q4 25
$1.1B
Q3 25
$1.7B
$1.1B
Q2 25
$1.8B
$1.1B
Q1 25
$1.8B
$1.1B
Q4 24
$1.8B
$1.1B
Q3 24
$1.9B
$1.1B
Q2 24
$1.9B
$1.1B
Q1 24
$1.9B
$1.1B
Debt / Equity
ELME
ELME
PACK
PACK
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
ELME
ELME
PACK
PACK
Operating Cash FlowLast quarter
$15.9M
$19.5M
Free Cash FlowOCF − Capex
$7.2M
FCF MarginFCF / Revenue
11.6%
Capex IntensityCapex / Revenue
14.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$86.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELME
ELME
PACK
PACK
Q4 25
$19.5M
Q3 25
$15.9M
$8.5M
Q2 25
$29.8M
$-3.6M
Q1 25
$16.2M
$-1.3M
Q4 24
$95.2M
$6.5M
Q3 24
$20.7M
$10.1M
Q2 24
$28.9M
$19.6M
Q1 24
$21.2M
$5.2M
Free Cash Flow
ELME
ELME
PACK
PACK
Q4 25
Q3 25
$7.2M
Q2 25
$21.1M
Q1 25
$10.5M
Q4 24
$47.9M
Q3 24
$8.8M
Q2 24
$21.0M
Q1 24
$7.6M
FCF Margin
ELME
ELME
PACK
PACK
Q4 25
Q3 25
11.6%
Q2 25
34.1%
Q1 25
17.1%
Q4 24
78.1%
Q3 24
14.4%
Q2 24
34.9%
Q1 24
12.8%
Capex Intensity
ELME
ELME
PACK
PACK
Q4 25
Q3 25
14.0%
Q2 25
14.0%
Q1 25
9.2%
Q4 24
77.4%
Q3 24
19.4%
Q2 24
13.1%
Q1 24
22.9%
Cash Conversion
ELME
ELME
PACK
PACK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
3.56×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ELME
ELME

Residential Segment$57.7M93%
Other$4.4M7%

PACK
PACK

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

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