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Side-by-side financial comparison of Fastly, Inc. (FSLY) and Ranpak Holdings Corp. (PACK). Click either name above to swap in a different company.
Fastly, Inc. is the larger business by last-quarter revenue ($172.6M vs $93.7M, roughly 1.8× Ranpak Holdings Corp.). On growth, Fastly, Inc. posted the faster year-over-year revenue change (22.8% vs 2.3%). Over the past eight quarters, Fastly, Inc.'s revenue compounded faster (13.7% CAGR vs 13.7%).
Fastly, Inc. is an American company based in San Francisco, which describes itself as a cloud computing company. Fastly provides content delivery network services, image optimization, and load balancing services. Fastly's cloud security services include denial-of-service attack protection, bot mitigation, and a web application firewall.
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...
FSLY vs PACK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.6M | $93.7M |
| Net Profit | $-15.5M | — |
| Gross Margin | 61.4% | 39.0% |
| Operating Margin | -8.7% | -1.0% |
| Net Margin | -9.0% | — |
| Revenue YoY | 22.8% | 2.3% |
| Net Profit YoY | 52.9% | — |
| EPS (diluted) | $-0.10 | $-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 | $172.6M | $93.7M | ||
| Q3 25 | $158.2M | $83.6M | ||
| Q2 25 | $148.7M | $77.8M | ||
| Q1 25 | $144.5M | $77.6M | ||
| Q4 24 | $140.6M | $91.6M | ||
| Q3 24 | $137.2M | $78.6M | ||
| Q2 24 | $132.4M | $72.8M | ||
| Q1 24 | $133.5M | $72.5M |
| Q4 25 | $-15.5M | — | ||
| Q3 25 | $-29.5M | $-10.4M | ||
| Q2 25 | $-37.5M | $-7.5M | ||
| Q1 25 | $-39.1M | $-10.9M | ||
| Q4 24 | $-32.9M | — | ||
| Q3 24 | $-38.0M | $-8.1M | ||
| Q2 24 | $-43.7M | $5.5M | ||
| Q1 24 | $-43.4M | $-8.1M |
| Q4 25 | 61.4% | 39.0% | ||
| Q3 25 | 58.4% | 41.1% | ||
| Q2 25 | 54.5% | 37.1% | ||
| Q1 25 | 53.2% | 39.8% | ||
| Q4 24 | 53.4% | 45.2% | ||
| Q3 24 | 54.5% | 43.8% | ||
| Q2 24 | 55.1% | 43.5% | ||
| Q1 24 | 54.8% | 44.6% |
| Q4 25 | -8.7% | -1.0% | ||
| Q3 25 | -18.2% | -6.8% | ||
| Q2 25 | -24.8% | -12.5% | ||
| Q1 25 | -26.4% | -10.3% | ||
| Q4 24 | -24.4% | 1.5% | ||
| Q3 24 | -29.6% | -5.3% | ||
| Q2 24 | -35.3% | -7.1% | ||
| Q1 24 | -34.6% | -6.6% |
| Q4 25 | -9.0% | — | ||
| Q3 25 | -18.6% | -12.4% | ||
| Q2 25 | -25.2% | -9.6% | ||
| Q1 25 | -27.1% | -14.0% | ||
| Q4 24 | -23.4% | — | ||
| Q3 24 | -27.7% | -10.3% | ||
| Q2 24 | -33.0% | 7.6% | ||
| Q1 24 | -32.5% | -11.2% |
| Q4 25 | $-0.10 | $-0.11 | ||
| Q3 25 | $-0.20 | $-0.12 | ||
| Q2 25 | $-0.26 | $-0.09 | ||
| Q1 25 | $-0.27 | $-0.13 | ||
| Q4 24 | $-0.23 | $-0.13 | ||
| Q3 24 | $-0.27 | $-0.10 | ||
| Q2 24 | $-0.32 | $0.07 | ||
| Q1 24 | $-0.32 | $-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 | $361.8M | $63.0M |
| Total DebtLower is stronger | — | $401.9M |
| Stockholders' EquityBook value | $929.6M | $534.9M |
| Total Assets | $1.5B | $1.1B |
| Debt / EquityLower = less leverage | — | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $361.8M | $63.0M | ||
| Q3 25 | $342.9M | $49.9M | ||
| Q2 25 | $321.2M | $49.2M | ||
| Q1 25 | $307.3M | $65.5M | ||
| Q4 24 | $295.9M | $76.1M | ||
| Q3 24 | $308.2M | $69.5M | ||
| Q2 24 | $311.8M | $65.1M | ||
| Q1 24 | $329.5M | $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 | $929.6M | $534.9M | ||
| Q3 25 | $937.0M | $537.8M | ||
| Q2 25 | $942.6M | $539.0M | ||
| Q1 25 | $957.0M | $544.1M | ||
| Q4 24 | $965.3M | $548.1M | ||
| Q3 24 | $969.5M | $564.3M | ||
| Q2 24 | $981.2M | $566.2M | ||
| Q1 24 | $991.8M | $560.0M |
| Q4 25 | $1.5B | $1.1B | ||
| Q3 25 | $1.5B | $1.1B | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $1.4B | $1.1B | ||
| Q4 24 | $1.5B | $1.1B | ||
| Q3 24 | $1.5B | $1.1B | ||
| Q2 24 | $1.5B | $1.1B | ||
| Q1 24 | $1.5B | $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 | $22.4M | $19.5M |
| Free Cash FlowOCF − Capex | $12.2M | — |
| FCF MarginFCF / Revenue | 7.1% | — |
| Capex IntensityCapex / Revenue | 5.9% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $65.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $19.5M | ||
| Q3 25 | $28.9M | $8.5M | ||
| Q2 25 | $25.8M | $-3.6M | ||
| Q1 25 | $17.3M | $-1.3M | ||
| Q4 24 | $5.2M | $6.5M | ||
| Q3 24 | $5.0M | $10.1M | ||
| Q2 24 | $-4.9M | $19.6M | ||
| Q1 24 | $11.1M | $5.2M |
| Q4 25 | $12.2M | — | ||
| Q3 25 | $22.9M | — | ||
| Q2 25 | $15.9M | — | ||
| Q1 25 | $14.7M | — | ||
| Q4 24 | $251.0K | — | ||
| Q3 24 | $3.0M | — | ||
| Q2 24 | $-6.7M | — | ||
| Q1 24 | $9.5M | — |
| Q4 25 | 7.1% | — | ||
| Q3 25 | 14.5% | — | ||
| Q2 25 | 10.7% | — | ||
| Q1 25 | 10.2% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 2.2% | — | ||
| Q2 24 | -5.1% | — | ||
| Q1 24 | 7.1% | — |
| Q4 25 | 5.9% | — | ||
| Q3 25 | 3.8% | — | ||
| Q2 25 | 6.6% | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 3.5% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 1.3% | — | ||
| Q1 24 | 1.2% | — |
| 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
FSLY
| Network Services | $130.8M | 76% |
| Security | $35.4M | 21% |
| Other | $6.4M | 4% |
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
