vs

Side-by-side financial comparison of Groupon, Inc. (GRPN) and Ranpak Holdings Corp. (PACK). Click either name above to swap in a different company.

Groupon, Inc. is the larger business by last-quarter revenue ($132.7M vs $93.7M, roughly 1.4× Ranpak Holdings Corp.). On growth, Ranpak Holdings Corp. posted the faster year-over-year revenue change (2.3% vs 1.8%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs 3.8%).

Groupon, Inc. is an American e-commerce marketplace that connects subscribers with local merchants by offering activities, travel, goods, and services in 13 countries.

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...

GRPN vs PACK — Head-to-Head

Bigger by revenue
GRPN
GRPN
1.4× larger
GRPN
$132.7M
$93.7M
PACK
Growing faster (revenue YoY)
PACK
PACK
+0.5% gap
PACK
2.3%
1.8%
GRPN
Faster 2-yr revenue CAGR
PACK
PACK
Annualised
PACK
13.7%
3.8%
GRPN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GRPN
GRPN
PACK
PACK
Revenue
$132.7M
$93.7M
Net Profit
$7.9M
Gross Margin
90.4%
39.0%
Operating Margin
4.9%
-1.0%
Net Margin
6.0%
Revenue YoY
1.8%
2.3%
Net Profit YoY
115.8%
EPS (diluted)
$0.21
$-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
GRPN
GRPN
PACK
PACK
Q4 25
$132.7M
$93.7M
Q3 25
$122.8M
$83.6M
Q2 25
$125.7M
$77.8M
Q1 25
$117.2M
$77.6M
Q4 24
$130.4M
$91.6M
Q3 24
$114.5M
$78.6M
Q2 24
$124.6M
$72.8M
Q1 24
$123.1M
$72.5M
Net Profit
GRPN
GRPN
PACK
PACK
Q4 25
$7.9M
Q3 25
$-118.4M
$-10.4M
Q2 25
$20.3M
$-7.5M
Q1 25
$7.2M
$-10.9M
Q4 24
$-50.1M
Q3 24
$13.9M
$-8.1M
Q2 24
$-10.0M
$5.5M
Q1 24
$-12.3M
$-8.1M
Gross Margin
GRPN
GRPN
PACK
PACK
Q4 25
90.4%
39.0%
Q3 25
91.1%
41.1%
Q2 25
91.0%
37.1%
Q1 25
90.7%
39.8%
Q4 24
90.6%
45.2%
Q3 24
89.9%
43.8%
Q2 24
90.4%
43.5%
Q1 24
89.8%
44.6%
Operating Margin
GRPN
GRPN
PACK
PACK
Q4 25
4.9%
-1.0%
Q3 25
1.8%
-6.8%
Q2 25
10.4%
-12.5%
Q1 25
1.6%
-10.3%
Q4 24
2.0%
1.5%
Q3 24
-4.9%
-5.3%
Q2 24
3.5%
-7.1%
Q1 24
6.0%
-6.6%
Net Margin
GRPN
GRPN
PACK
PACK
Q4 25
6.0%
Q3 25
-96.4%
-12.4%
Q2 25
16.2%
-9.6%
Q1 25
6.1%
-14.0%
Q4 24
-38.4%
Q3 24
12.2%
-10.3%
Q2 24
-8.1%
7.6%
Q1 24
-10.0%
-11.2%
EPS (diluted)
GRPN
GRPN
PACK
PACK
Q4 25
$0.21
$-0.11
Q3 25
$-2.92
$-0.12
Q2 25
$0.46
$-0.09
Q1 25
$0.17
$-0.13
Q4 24
$-1.26
$-0.13
Q3 24
$0.33
$-0.10
Q2 24
$-0.25
$0.07
Q1 24
$-0.33
$-0.10

Balance Sheet & Financial Strength

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

Metric
GRPN
GRPN
PACK
PACK
Cash + ST InvestmentsLiquidity on hand
$296.1M
$63.0M
Total DebtLower is stronger
$342.8M
$401.9M
Stockholders' EquityBook value
$-42.6M
$534.9M
Total Assets
$670.4M
$1.1B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GRPN
GRPN
PACK
PACK
Q4 25
$296.1M
$63.0M
Q3 25
$238.5M
$49.9M
Q2 25
$262.6M
$49.2M
Q1 25
$226.8M
$65.5M
Q4 24
$228.8M
$76.1M
Q3 24
$159.7M
$69.5M
Q2 24
$178.1M
$65.1M
Q1 24
$158.7M
$55.1M
Total Debt
GRPN
GRPN
PACK
PACK
Q4 25
$342.8M
$401.9M
Q3 25
$403.1M
Q2 25
$403.1M
Q1 25
$405.2M
Q4 24
$246.0M
$406.4M
Q3 24
$403.2M
Q2 24
$396.1M
Q1 24
$396.7M
Stockholders' Equity
GRPN
GRPN
PACK
PACK
Q4 25
$-42.6M
$534.9M
Q3 25
$-59.6M
$537.8M
Q2 25
$51.2M
$539.0M
Q1 25
$45.5M
$544.1M
Q4 24
$40.8M
$548.1M
Q3 24
$40.0M
$564.3M
Q2 24
$40.2M
$566.2M
Q1 24
$41.2M
$560.0M
Total Assets
GRPN
GRPN
PACK
PACK
Q4 25
$670.4M
$1.1B
Q3 25
$608.2M
$1.1B
Q2 25
$647.4M
$1.1B
Q1 25
$608.2M
$1.1B
Q4 24
$612.7M
$1.1B
Q3 24
$548.0M
$1.1B
Q2 24
$572.8M
$1.1B
Q1 24
$580.5M
$1.1B
Debt / Equity
GRPN
GRPN
PACK
PACK
Q4 25
0.75×
Q3 25
0.75×
Q2 25
0.75×
Q1 25
0.74×
Q4 24
6.03×
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
GRPN
GRPN
PACK
PACK
Operating Cash FlowLast quarter
$56.6M
$19.5M
Free Cash FlowOCF − Capex
$53.0M
FCF MarginFCF / Revenue
40.0%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
7.13×
TTM Free Cash FlowTrailing 4 quarters
$49.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GRPN
GRPN
PACK
PACK
Q4 25
$56.6M
$19.5M
Q3 25
$-20.5M
$8.5M
Q2 25
$28.4M
$-3.6M
Q1 25
$-22.0K
$-1.3M
Q4 24
$67.0M
$6.5M
Q3 24
$-16.3M
$10.1M
Q2 24
$15.3M
$19.6M
Q1 24
$-10.1M
$5.2M
Free Cash Flow
GRPN
GRPN
PACK
PACK
Q4 25
$53.0M
Q3 25
$-24.6M
Q2 25
$25.2M
Q1 25
$-3.8M
Q4 24
$63.2M
Q3 24
$-19.7M
Q2 24
$10.8M
Q1 24
$-13.8M
FCF Margin
GRPN
GRPN
PACK
PACK
Q4 25
40.0%
Q3 25
-20.0%
Q2 25
20.0%
Q1 25
-3.2%
Q4 24
48.5%
Q3 24
-17.2%
Q2 24
8.7%
Q1 24
-11.2%
Capex Intensity
GRPN
GRPN
PACK
PACK
Q4 25
2.7%
Q3 25
3.3%
Q2 25
2.6%
Q1 25
3.2%
Q4 24
2.9%
Q3 24
3.0%
Q2 24
3.6%
Q1 24
3.0%
Cash Conversion
GRPN
GRPN
PACK
PACK
Q4 25
7.13×
Q3 25
Q2 25
1.40×
Q1 25
-0.00×
Q4 24
Q3 24
-1.17×
Q2 24
3.56×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

GRPN
GRPN

Service Local$94.8M71%
Other$35.6M27%
Service Travel$2.3M2%

PACK
PACK

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

Related Comparisons