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Side-by-side financial comparison of Grindr Inc. (GRND) and Ranpak Holdings Corp. (PACK). Click either name above to swap in a different company.
Grindr Inc. is the larger business by last-quarter revenue ($126.0M vs $93.7M, roughly 1.3× Ranpak Holdings Corp.). On growth, Grindr Inc. posted the faster year-over-year revenue change (29.0% vs 2.3%). Over the past eight quarters, Grindr Inc.'s revenue compounded faster (29.3% CAGR vs 13.7%).
Grindr is a location-based social networking and online hookup application for LGBTQ people.
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...
GRND vs PACK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $126.0M | $93.7M |
| Net Profit | $20.3M | — |
| Gross Margin | — | 39.0% |
| Operating Margin | 24.9% | -1.0% |
| Net Margin | 16.1% | — |
| Revenue YoY | 29.0% | 2.3% |
| Net Profit YoY | 116.4% | — |
| 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 | $126.0M | $93.7M | ||
| Q3 25 | $115.8M | $83.6M | ||
| Q2 25 | $104.2M | $77.8M | ||
| Q1 25 | $93.9M | $77.6M | ||
| Q4 24 | $97.6M | $91.6M | ||
| Q3 24 | $89.3M | $78.6M | ||
| Q2 24 | $82.3M | $72.8M | ||
| Q1 24 | $75.3M | $72.5M |
| Q4 25 | $20.3M | — | ||
| Q3 25 | $30.8M | $-10.4M | ||
| Q2 25 | $16.6M | $-7.5M | ||
| Q1 25 | $27.0M | $-10.9M | ||
| Q4 24 | $-123.9M | — | ||
| Q3 24 | $24.7M | $-8.1M | ||
| Q2 24 | $-22.4M | $5.5M | ||
| Q1 24 | $-9.4M | $-8.1M |
| 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 24 | — | 44.6% |
| Q4 25 | 24.9% | -1.0% | ||
| Q3 25 | 39.1% | -6.8% | ||
| Q2 25 | 23.4% | -12.5% | ||
| Q1 25 | 27.0% | -10.3% | ||
| Q4 24 | 20.9% | 1.5% | ||
| Q3 24 | 31.8% | -5.3% | ||
| Q2 24 | 29.8% | -7.1% | ||
| Q1 24 | 25.6% | -6.6% |
| Q4 25 | 16.1% | — | ||
| Q3 25 | 26.6% | -12.4% | ||
| Q2 25 | 16.0% | -9.6% | ||
| Q1 25 | 28.8% | -14.0% | ||
| Q4 24 | -126.9% | — | ||
| Q3 24 | 27.6% | -10.3% | ||
| Q2 24 | -27.2% | 7.6% | ||
| Q1 24 | -12.5% | -11.2% |
| Q4 25 | $0.10 | $-0.11 | ||
| Q3 25 | $0.16 | $-0.12 | ||
| Q2 25 | $0.08 | $-0.09 | ||
| Q1 25 | $0.09 | $-0.13 | ||
| Q4 24 | $-0.65 | $-0.13 | ||
| Q3 24 | $0.09 | $-0.10 | ||
| Q2 24 | $-0.13 | $0.07 | ||
| Q1 24 | $-0.05 | $-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 | $87.0M | $63.0M |
| Total DebtLower is stronger | $395.9M | $401.9M |
| Stockholders' EquityBook value | $47.0M | $534.9M |
| Total Assets | $531.0M | $1.1B |
| Debt / EquityLower = less leverage | 8.42× | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $87.0M | $63.0M | ||
| Q3 25 | $6.3M | $49.9M | ||
| Q2 25 | $120.8M | $49.2M | ||
| Q1 25 | $255.9M | $65.5M | ||
| Q4 24 | $59.2M | $76.1M | ||
| Q3 24 | $39.1M | $69.5M | ||
| Q2 24 | $16.3M | $65.1M | ||
| Q1 24 | $21.5M | $55.1M |
| Q4 25 | $395.9M | $401.9M | ||
| Q3 25 | $279.9M | $403.1M | ||
| Q2 25 | $283.5M | $403.1M | ||
| Q1 25 | $287.0M | $405.2M | ||
| Q4 24 | $290.6M | $406.4M | ||
| Q3 24 | $294.1M | $403.2M | ||
| Q2 24 | $297.7M | $396.1M | ||
| Q1 24 | $315.0M | $396.7M |
| Q4 25 | $47.0M | $534.9M | ||
| Q3 25 | $71.0M | $537.8M | ||
| Q2 25 | $187.7M | $539.0M | ||
| Q1 25 | $319.8M | $544.1M | ||
| Q4 24 | $-131.6M | $548.1M | ||
| Q3 24 | $-13.4M | $564.3M | ||
| Q2 24 | $-41.7M | $566.2M | ||
| Q1 24 | $-22.0M | $560.0M |
| Q4 25 | $531.0M | $1.1B | ||
| Q3 25 | $439.2M | $1.1B | ||
| Q2 25 | $547.6M | $1.1B | ||
| Q1 25 | $679.4M | $1.1B | ||
| Q4 24 | $479.1M | $1.1B | ||
| Q3 24 | $456.3M | $1.1B | ||
| Q2 24 | $435.0M | $1.1B | ||
| Q1 24 | $437.7M | $1.1B |
| Q4 25 | 8.42× | 0.75× | ||
| Q3 25 | 3.94× | 0.75× | ||
| Q2 25 | 1.51× | 0.75× | ||
| Q1 25 | 0.90× | 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 | $24.8M | $19.5M |
| Free Cash FlowOCF − Capex | $24.5M | — |
| FCF MarginFCF / Revenue | 19.5% | — |
| Capex IntensityCapex / Revenue | 0.2% | — |
| Cash ConversionOCF / Net Profit | 1.22× | — |
| TTM Free Cash FlowTrailing 4 quarters | $140.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.8M | $19.5M | ||
| Q3 25 | $55.4M | $8.5M | ||
| Q2 25 | $37.5M | $-3.6M | ||
| Q1 25 | $23.8M | $-1.3M | ||
| Q4 24 | $29.5M | $6.5M | ||
| Q3 24 | $29.1M | $10.1M | ||
| Q2 24 | $15.8M | $19.6M | ||
| Q1 24 | $20.4M | $5.2M |
| Q4 25 | $24.5M | — | ||
| Q3 25 | $55.2M | — | ||
| Q2 25 | $37.3M | — | ||
| Q1 25 | $23.7M | — | ||
| Q4 24 | $29.3M | — | ||
| Q3 24 | $28.8M | — | ||
| Q2 24 | $15.7M | — | ||
| Q1 24 | $20.3M | — |
| Q4 25 | 19.5% | — | ||
| Q3 25 | 47.7% | — | ||
| Q2 25 | 35.8% | — | ||
| Q1 25 | 25.2% | — | ||
| Q4 24 | 30.0% | — | ||
| Q3 24 | 32.2% | — | ||
| Q2 24 | 19.0% | — | ||
| Q1 24 | 26.9% | — |
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.3% | — |
| Q4 25 | 1.22× | — | ||
| Q3 25 | 1.80× | — | ||
| Q2 25 | 2.25× | — | ||
| Q1 25 | 0.88× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.18× | — | ||
| Q2 24 | — | 3.56× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GRND
| License And Service | $102.9M | 82% |
| Advertising | $23.1M | 18% |
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
