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Side-by-side financial comparison of GRAN TIERRA ENERGY INC. (GTE) and Ranpak Holdings Corp. (PACK). Click either name above to swap in a different company.

GRAN TIERRA ENERGY INC. is the larger business by last-quarter revenue ($124.4M vs $93.7M, roughly 1.3× Ranpak Holdings Corp.). On growth, Ranpak Holdings Corp. posted the faster year-over-year revenue change (2.3% vs -15.5%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs -11.1%).

Gran Tierra Energy is an energy company founded by Jeffrey Scott, Dana Coffield, Max Wei, Jim Hart and Rafael Orunesu in May 2005. The company, based in Calgary, Alberta, Canada, focuses on oil and gas exploration, development and production, particularly in South America. The company announced its intentions to merge with Solana Resources on 29 July 2008.

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...

GTE vs PACK — Head-to-Head

Bigger by revenue
GTE
GTE
1.3× larger
GTE
$124.4M
$93.7M
PACK
Growing faster (revenue YoY)
PACK
PACK
+17.8% gap
PACK
2.3%
-15.5%
GTE
Faster 2-yr revenue CAGR
PACK
PACK
Annualised
PACK
13.7%
-11.1%
GTE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GTE
GTE
PACK
PACK
Revenue
$124.4M
$93.7M
Net Profit
$-141.1M
Gross Margin
39.0%
Operating Margin
-142.9%
-1.0%
Net Margin
-113.4%
Revenue YoY
-15.5%
2.3%
Net Profit YoY
-312.6%
EPS (diluted)
$-3.98
$-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
GTE
GTE
PACK
PACK
Q4 25
$124.4M
$93.7M
Q3 25
$149.3M
$83.6M
Q2 25
$152.5M
$77.8M
Q1 25
$170.5M
$77.6M
Q4 24
$147.3M
$91.6M
Q3 24
$151.4M
$78.6M
Q2 24
$165.6M
$72.8M
Q1 24
$157.6M
$72.5M
Net Profit
GTE
GTE
PACK
PACK
Q4 25
$-141.1M
Q3 25
$-19.9M
$-10.4M
Q2 25
$-12.7M
$-7.5M
Q1 25
$-19.3M
$-10.9M
Q4 24
$-34.2M
Q3 24
$1.1M
$-8.1M
Q2 24
$36.4M
$5.5M
Q1 24
$-78.0K
$-8.1M
Gross Margin
GTE
GTE
PACK
PACK
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%
Operating Margin
GTE
GTE
PACK
PACK
Q4 25
-142.9%
-1.0%
Q3 25
-20.9%
-6.8%
Q2 25
-5.3%
-12.5%
Q1 25
-9.2%
-10.3%
Q4 24
-14.9%
1.5%
Q3 24
14.5%
-5.3%
Q2 24
16.5%
-7.1%
Q1 24
11.0%
-6.6%
Net Margin
GTE
GTE
PACK
PACK
Q4 25
-113.4%
Q3 25
-13.4%
-12.4%
Q2 25
-8.4%
-9.6%
Q1 25
-11.3%
-14.0%
Q4 24
-23.2%
Q3 24
0.7%
-10.3%
Q2 24
22.0%
7.6%
Q1 24
-0.0%
-11.2%
EPS (diluted)
GTE
GTE
PACK
PACK
Q4 25
$-3.98
$-0.11
Q3 25
$-0.57
$-0.12
Q2 25
$-0.36
$-0.09
Q1 25
$-0.54
$-0.13
Q4 24
$-1.10
$-0.13
Q3 24
$0.04
$-0.10
Q2 24
$1.16
$0.07
Q1 24
$0.00
$-0.10

Balance Sheet & Financial Strength

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

Metric
GTE
GTE
PACK
PACK
Cash + ST InvestmentsLiquidity on hand
$82.9M
$63.0M
Total DebtLower is stronger
$686.5M
$401.9M
Stockholders' EquityBook value
$228.7M
$534.9M
Total Assets
$1.6B
$1.1B
Debt / EquityLower = less leverage
3.00×
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GTE
GTE
PACK
PACK
Q4 25
$82.9M
$63.0M
Q3 25
$49.1M
$49.9M
Q2 25
$61.0M
$49.2M
Q1 25
$76.6M
$65.5M
Q4 24
$103.4M
$76.1M
Q3 24
$277.6M
$69.5M
Q2 24
$115.3M
$65.1M
Q1 24
$126.6M
$55.1M
Total Debt
GTE
GTE
PACK
PACK
Q4 25
$686.5M
$401.9M
Q3 25
$761.8M
$403.1M
Q2 25
$772.6M
$403.1M
Q1 25
$726.3M
$405.2M
Q4 24
$722.1M
$406.4M
Q3 24
$718.4M
$403.2M
Q2 24
$582.1M
$396.1M
Q1 24
$583.1M
$396.7M
Stockholders' Equity
GTE
GTE
PACK
PACK
Q4 25
$228.7M
$534.9M
Q3 25
$366.0M
$537.8M
Q2 25
$389.8M
$539.0M
Q1 25
$393.8M
$544.1M
Q4 24
$413.6M
$548.1M
Q3 24
$420.9M
$564.3M
Q2 24
$420.9M
$566.2M
Q1 24
$392.0M
$560.0M
Total Assets
GTE
GTE
PACK
PACK
Q4 25
$1.6B
$1.1B
Q3 25
$1.7B
$1.1B
Q2 25
$1.7B
$1.1B
Q1 25
$1.7B
$1.1B
Q4 24
$1.7B
$1.1B
Q3 24
$1.5B
$1.1B
Q2 24
$1.4B
$1.1B
Q1 24
$1.4B
$1.1B
Debt / Equity
GTE
GTE
PACK
PACK
Q4 25
3.00×
0.75×
Q3 25
2.08×
0.75×
Q2 25
1.98×
0.75×
Q1 25
1.84×
0.74×
Q4 24
1.75×
0.74×
Q3 24
1.71×
0.71×
Q2 24
1.38×
0.70×
Q1 24
1.49×
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
GTE
GTE
PACK
PACK
Operating Cash FlowLast quarter
$157.2M
$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.

Operating Cash Flow
GTE
GTE
PACK
PACK
Q4 25
$157.2M
$19.5M
Q3 25
$48.1M
$8.5M
Q2 25
$34.7M
$-3.6M
Q1 25
$73.2M
$-1.3M
Q4 24
$26.6M
$6.5M
Q3 24
$78.7M
$10.1M
Q2 24
$73.2M
$19.6M
Q1 24
$60.8M
$5.2M
Cash Conversion
GTE
GTE
PACK
PACK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
69.42×
Q2 24
2.01×
3.56×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

GTE
GTE

Colombia Segment$89.1M72%
Other$22.9M18%
Ecuador Segment$12.5M10%

PACK
PACK

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

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