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Side-by-side financial comparison of Granite Ridge Resources, Inc. (GRNT) and Ranpak Holdings Corp. (PACK). Click either name above to swap in a different company.
Granite Ridge Resources, Inc. is the larger business by last-quarter revenue ($105.5M vs $93.7M, roughly 1.1× Ranpak Holdings Corp.). On growth, Ranpak Holdings Corp. posted the faster year-over-year revenue change (2.3% vs -0.8%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs 8.9%).
Granite Ridge Resources, Inc. is an independent upstream energy company focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It operates low-cost, high-yield onshore hydrocarbon assets across key U.S. basins, primarily serving North American energy markets.
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...
GRNT vs PACK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $93.7M |
| Net Profit | — | — |
| Gross Margin | — | 39.0% |
| Operating Margin | -34.5% | -1.0% |
| Net Margin | — | — |
| Revenue YoY | -0.8% | 2.3% |
| Net Profit YoY | — | — |
| EPS (diluted) | $-0.19 | $-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 | $105.5M | $93.7M | ||
| Q3 25 | $112.7M | $83.6M | ||
| Q2 25 | $109.2M | $77.8M | ||
| Q1 25 | $122.9M | $77.6M | ||
| Q4 24 | $106.3M | $91.6M | ||
| Q3 24 | $94.1M | $78.6M | ||
| Q2 24 | $90.7M | $72.8M | ||
| Q1 24 | $89.0M | $72.5M |
| Q4 25 | — | — | ||
| Q3 25 | $14.5M | $-10.4M | ||
| Q2 25 | $25.1M | $-7.5M | ||
| Q1 25 | $9.8M | $-10.9M | ||
| Q4 24 | — | — | ||
| Q3 24 | $9.1M | $-8.1M | ||
| Q2 24 | $5.1M | $5.5M | ||
| Q1 24 | $16.2M | $-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 | -34.5% | -1.0% | ||
| Q3 25 | 17.4% | -6.8% | ||
| Q2 25 | 19.0% | -12.5% | ||
| Q1 25 | 34.6% | -10.3% | ||
| Q4 24 | -6.5% | 1.5% | ||
| Q3 24 | 26.2% | -5.3% | ||
| Q2 24 | 24.1% | -7.1% | ||
| Q1 24 | 22.0% | -6.6% |
| Q4 25 | — | — | ||
| Q3 25 | 12.9% | -12.4% | ||
| Q2 25 | 23.0% | -9.6% | ||
| Q1 25 | 8.0% | -14.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | 9.6% | -10.3% | ||
| Q2 24 | 5.6% | 7.6% | ||
| Q1 24 | 18.2% | -11.2% |
| Q4 25 | $-0.19 | $-0.11 | ||
| Q3 25 | $0.11 | $-0.12 | ||
| Q2 25 | $0.19 | $-0.09 | ||
| Q1 25 | $0.07 | $-0.13 | ||
| Q4 24 | $-0.09 | $-0.13 | ||
| Q3 24 | $0.07 | $-0.10 | ||
| Q2 24 | $0.04 | $0.07 | ||
| Q1 24 | $0.12 | $-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 | — | $63.0M |
| Total DebtLower is stronger | $367.8M | $401.9M |
| Stockholders' EquityBook value | $605.8M | $534.9M |
| Total Assets | $1.2B | $1.1B |
| Debt / EquityLower = less leverage | 0.61× | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $63.0M | ||
| Q3 25 | — | $49.9M | ||
| Q2 25 | — | $49.2M | ||
| Q1 25 | — | $65.5M | ||
| Q4 24 | — | $76.1M | ||
| Q3 24 | — | $69.5M | ||
| Q2 24 | — | $65.1M | ||
| Q1 24 | — | $55.1M |
| Q4 25 | $367.8M | $401.9M | ||
| Q3 25 | $300.0M | $403.1M | ||
| Q2 25 | $275.0M | $403.1M | ||
| Q1 25 | $250.0M | $405.2M | ||
| Q4 24 | $205.0M | $406.4M | ||
| Q3 24 | — | $403.2M | ||
| Q2 24 | — | $396.1M | ||
| Q1 24 | $137.5M | $396.7M |
| Q4 25 | $605.8M | $534.9M | ||
| Q3 25 | $643.9M | $537.8M | ||
| Q2 25 | $642.5M | $539.0M | ||
| Q1 25 | $631.4M | $544.1M | ||
| Q4 24 | $635.4M | $548.1M | ||
| Q3 24 | $660.6M | $564.3M | ||
| Q2 24 | $665.3M | $566.2M | ||
| Q1 24 | $674.0M | $560.0M |
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $1.0B | $1.1B | ||
| Q3 24 | $1.0B | $1.1B | ||
| Q2 24 | $990.5M | $1.1B | ||
| Q1 24 | $966.7M | $1.1B |
| Q4 25 | 0.61× | 0.75× | ||
| Q3 25 | 0.47× | 0.75× | ||
| Q2 25 | 0.43× | 0.75× | ||
| Q1 25 | 0.40× | 0.74× | ||
| Q4 24 | 0.32× | 0.74× | ||
| Q3 24 | — | 0.71× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | 0.20× | 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 | $64.5M | $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.
| Q4 25 | $64.5M | $19.5M | ||
| Q3 25 | $77.8M | $8.5M | ||
| Q2 25 | $78.0M | $-3.6M | ||
| Q1 25 | $76.1M | $-1.3M | ||
| Q4 24 | $68.2M | $6.5M | ||
| Q3 24 | $74.7M | $10.1M | ||
| Q2 24 | $64.2M | $19.6M | ||
| Q1 24 | $68.7M | $5.2M |
| Q4 25 | — | — | ||
| Q3 25 | 5.36× | — | ||
| Q2 25 | 3.11× | — | ||
| Q1 25 | 7.75× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.25× | — | ||
| Q2 24 | 12.58× | 3.56× | ||
| Q1 24 | 4.23× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GRNT
| Oil And Gas Service | $87.6M | 83% |
| Natural Gas Storage | $17.9M | 17% |
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
