vs
Side-by-side financial comparison of Energy Recovery, Inc. (ERII) 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 $66.9M, roughly 1.4× Energy Recovery, Inc.). On growth, Ranpak Holdings Corp. posted the faster year-over-year revenue change (2.3% vs -0.3%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs 8.1%).
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
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...
ERII vs PACK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $93.7M |
| Net Profit | $26.9M | — |
| Gross Margin | 67.2% | 39.0% |
| Operating Margin | 46.8% | -1.0% |
| Net Margin | 40.2% | — |
| Revenue YoY | -0.3% | 2.3% |
| Net Profit YoY | 14.7% | — |
| EPS (diluted) | $0.49 | $-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 | $66.9M | $93.7M | ||
| Q3 25 | $32.0M | $83.6M | ||
| Q2 25 | $28.1M | $77.8M | ||
| Q1 25 | — | $77.6M | ||
| Q4 24 | $67.1M | $91.6M | ||
| Q3 24 | $38.6M | $78.6M | ||
| Q2 24 | $27.2M | $72.8M | ||
| Q1 24 | $12.1M | $72.5M |
| Q4 25 | $26.9M | — | ||
| Q3 25 | $3.9M | $-10.4M | ||
| Q2 25 | $2.1M | $-7.5M | ||
| Q1 25 | — | $-10.9M | ||
| Q4 24 | $23.5M | — | ||
| Q3 24 | $8.5M | $-8.1M | ||
| Q2 24 | $-642.0K | $5.5M | ||
| Q1 24 | $-8.3M | $-8.1M |
| Q4 25 | 67.2% | 39.0% | ||
| Q3 25 | 64.2% | 41.1% | ||
| Q2 25 | 64.0% | 37.1% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | 70.2% | 45.2% | ||
| Q3 24 | 65.1% | 43.8% | ||
| Q2 24 | 64.6% | 43.5% | ||
| Q1 24 | 59.0% | 44.6% |
| Q4 25 | 46.8% | -1.0% | ||
| Q3 25 | 11.4% | -6.8% | ||
| Q2 25 | 5.3% | -12.5% | ||
| Q1 25 | — | -10.3% | ||
| Q4 24 | 38.2% | 1.5% | ||
| Q3 24 | 18.3% | -5.3% | ||
| Q2 24 | -7.4% | -7.1% | ||
| Q1 24 | -90.4% | -6.6% |
| Q4 25 | 40.2% | — | ||
| Q3 25 | 12.1% | -12.4% | ||
| Q2 25 | 7.3% | -9.6% | ||
| Q1 25 | — | -14.0% | ||
| Q4 24 | 35.0% | — | ||
| Q3 24 | 22.0% | -10.3% | ||
| Q2 24 | -2.4% | 7.6% | ||
| Q1 24 | -68.3% | -11.2% |
| Q4 25 | $0.49 | $-0.11 | ||
| Q3 25 | $0.07 | $-0.12 | ||
| Q2 25 | $0.04 | $-0.09 | ||
| Q1 25 | — | $-0.13 | ||
| Q4 24 | $0.40 | $-0.13 | ||
| Q3 24 | $0.15 | $-0.10 | ||
| Q2 24 | $-0.01 | $0.07 | ||
| Q1 24 | $-0.14 | $-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 | $75.2M | $63.0M |
| Total DebtLower is stronger | — | $401.9M |
| Stockholders' EquityBook value | $206.2M | $534.9M |
| Total Assets | $231.5M | $1.1B |
| Debt / EquityLower = less leverage | — | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $63.0M | ||
| Q3 25 | $70.4M | $49.9M | ||
| Q2 25 | $79.5M | $49.2M | ||
| Q1 25 | — | $65.5M | ||
| Q4 24 | $78.0M | $76.1M | ||
| Q3 24 | $118.6M | $69.5M | ||
| Q2 24 | $101.0M | $65.1M | ||
| Q1 24 | $117.4M | $55.1M |
| 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 |
| Q4 25 | $206.2M | $534.9M | ||
| Q3 25 | $180.8M | $537.8M | ||
| Q2 25 | $185.2M | $539.0M | ||
| Q1 25 | — | $544.1M | ||
| Q4 24 | $210.0M | $548.1M | ||
| Q3 24 | $233.9M | $564.3M | ||
| Q2 24 | $218.5M | $566.2M | ||
| Q1 24 | $216.0M | $560.0M |
| Q4 25 | $231.5M | $1.1B | ||
| Q3 25 | $209.6M | $1.1B | ||
| Q2 25 | $212.3M | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $242.8M | $1.1B | ||
| Q3 24 | $262.7M | $1.1B | ||
| Q2 24 | $249.0M | $1.1B | ||
| Q1 24 | $244.3M | $1.1B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $7.1M | $19.5M |
| Free Cash FlowOCF − Capex | $6.4M | — |
| FCF MarginFCF / Revenue | 9.6% | — |
| Capex IntensityCapex / Revenue | 1.0% | — |
| Cash ConversionOCF / Net Profit | 0.26× | — |
| TTM Free Cash FlowTrailing 4 quarters | $15.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.1M | $19.5M | ||
| Q3 25 | $-3.1M | $8.5M | ||
| Q2 25 | $4.1M | $-3.6M | ||
| Q1 25 | — | $-1.3M | ||
| Q4 24 | $9.0M | $6.5M | ||
| Q3 24 | $-3.0M | $10.1M | ||
| Q2 24 | $8.1M | $19.6M | ||
| Q1 24 | $6.5M | $5.2M |
| Q4 25 | $6.4M | — | ||
| Q3 25 | $-3.5M | — | ||
| Q2 25 | $4.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.9M | — | ||
| Q3 24 | $-3.2M | — | ||
| Q2 24 | $7.9M | — | ||
| Q1 24 | $5.7M | — |
| Q4 25 | 9.6% | — | ||
| Q3 25 | -10.9% | — | ||
| Q2 25 | 14.3% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 13.2% | — | ||
| Q3 24 | -8.2% | — | ||
| Q2 24 | 28.9% | — | ||
| Q1 24 | 46.9% | — |
| Q4 25 | 1.0% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 6.8% | — |
| Q4 25 | 0.26× | — | ||
| Q3 25 | -0.81× | — | ||
| Q2 25 | 2.02× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | -0.35× | — | ||
| Q2 24 | — | 3.56× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ERII
| Water Segment | $38.6M | 58% |
| Other | $11.0M | 16% |
| Original Equipment Manufacturer | $10.6M | 16% |
| Aftermarket | $6.6M | 10% |
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
