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Side-by-side financial comparison of HARROW, INC. (HROW) and Ranpak Holdings Corp. (PACK). Click either name above to swap in a different company.
Ranpak Holdings Corp. is the larger business by last-quarter revenue ($93.7M vs $89.1M, roughly 1.1× HARROW, INC.). On growth, HARROW, INC. posted the faster year-over-year revenue change (33.3% vs 2.3%). Over the past eight quarters, HARROW, INC.'s revenue compounded faster (60.5% CAGR vs 13.7%).
Harrow Health, Inc., formerly known as Imprimis Pharmaceuticals, is a publicly traded pharmaceutical company based in Nashville, Tennessee.
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...
HROW vs PACK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $89.1M | $93.7M |
| Net Profit | $6.6M | — |
| Gross Margin | 79.3% | 39.0% |
| Operating Margin | 17.5% | -1.0% |
| Net Margin | 7.4% | — |
| Revenue YoY | 33.3% | 2.3% |
| Net Profit YoY | -2.2% | — |
| EPS (diluted) | $0.20 | $-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 | $89.1M | $93.7M | ||
| Q3 25 | $71.6M | $83.6M | ||
| Q2 25 | $63.7M | $77.8M | ||
| Q1 25 | $47.8M | $77.6M | ||
| Q4 24 | $66.8M | $91.6M | ||
| Q3 24 | $49.3M | $78.6M | ||
| Q2 24 | $48.9M | $72.8M | ||
| Q1 24 | $34.6M | $72.5M |
| Q4 25 | $6.6M | — | ||
| Q3 25 | $1.0M | $-10.4M | ||
| Q2 25 | $5.0M | $-7.5M | ||
| Q1 25 | $-17.8M | $-10.9M | ||
| Q4 24 | $6.8M | — | ||
| Q3 24 | $-4.2M | $-8.1M | ||
| Q2 24 | $-6.5M | $5.5M | ||
| Q1 24 | $-13.6M | $-8.1M |
| Q4 25 | 79.3% | 39.0% | ||
| Q3 25 | 75.3% | 41.1% | ||
| Q2 25 | 74.5% | 37.1% | ||
| Q1 25 | 67.5% | 39.8% | ||
| Q4 24 | 78.8% | 45.2% | ||
| Q3 24 | 75.6% | 43.8% | ||
| Q2 24 | 74.4% | 43.5% | ||
| Q1 24 | 69.5% | 44.6% |
| Q4 25 | 17.5% | -1.0% | ||
| Q3 25 | 20.6% | -6.8% | ||
| Q2 25 | 17.9% | -12.5% | ||
| Q1 25 | -23.5% | -10.3% | ||
| Q4 24 | 19.3% | 1.5% | ||
| Q3 24 | 2.7% | -5.3% | ||
| Q2 24 | 3.1% | -7.1% | ||
| Q1 24 | -20.0% | -6.6% |
| Q4 25 | 7.4% | — | ||
| Q3 25 | 1.4% | -12.4% | ||
| Q2 25 | 7.8% | -9.6% | ||
| Q1 25 | -37.2% | -14.0% | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | -8.6% | -10.3% | ||
| Q2 24 | -13.2% | 7.6% | ||
| Q1 24 | -39.2% | -11.2% |
| Q4 25 | $0.20 | $-0.11 | ||
| Q3 25 | $0.03 | $-0.12 | ||
| Q2 25 | $0.13 | $-0.09 | ||
| Q1 25 | $-0.50 | $-0.13 | ||
| Q4 24 | $0.19 | $-0.13 | ||
| Q3 24 | $-0.12 | $-0.10 | ||
| Q2 24 | $-0.18 | $0.07 | ||
| Q1 24 | $-0.38 | $-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 | $72.9M | $63.0M |
| Total DebtLower is stronger | $250.0M | $401.9M |
| Stockholders' EquityBook value | $52.4M | $534.9M |
| Total Assets | $399.5M | $1.1B |
| Debt / EquityLower = less leverage | 4.77× | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $72.9M | $63.0M | ||
| Q3 25 | $74.3M | $49.9M | ||
| Q2 25 | $53.0M | $49.2M | ||
| Q1 25 | $66.7M | $65.5M | ||
| Q4 24 | $47.2M | $76.1M | ||
| Q3 24 | $72.6M | $69.5M | ||
| Q2 24 | $71.0M | $65.1M | ||
| Q1 24 | $76.0M | $55.1M |
| Q4 25 | $250.0M | $401.9M | ||
| Q3 25 | $347.2M | $403.1M | ||
| Q2 25 | $250.6M | $403.1M | ||
| Q1 25 | $256.9M | $405.2M | ||
| Q4 24 | $262.7M | $406.4M | ||
| Q3 24 | $230.7M | $403.2M | ||
| Q2 24 | $236.3M | $396.1M | ||
| Q1 24 | $243.4M | $396.7M |
| Q4 25 | $52.4M | $534.9M | ||
| Q3 25 | $47.0M | $537.8M | ||
| Q2 25 | $49.7M | $539.0M | ||
| Q1 25 | $56.5M | $544.1M | ||
| Q4 24 | $69.7M | $548.1M | ||
| Q3 24 | $58.0M | $564.3M | ||
| Q2 24 | $58.5M | $566.2M | ||
| Q1 24 | $60.6M | $560.0M |
| Q4 25 | $399.5M | $1.1B | ||
| Q3 25 | $363.1M | $1.1B | ||
| Q2 25 | $345.0M | $1.1B | ||
| Q1 25 | $364.2M | $1.1B | ||
| Q4 24 | $389.0M | $1.1B | ||
| Q3 24 | $351.5M | $1.1B | ||
| Q2 24 | $306.6M | $1.1B | ||
| Q1 24 | $295.5M | $1.1B |
| Q4 25 | 4.77× | 0.75× | ||
| Q3 25 | 7.39× | 0.75× | ||
| Q2 25 | 5.05× | 0.75× | ||
| Q1 25 | 4.55× | 0.74× | ||
| Q4 24 | 3.77× | 0.74× | ||
| Q3 24 | 3.98× | 0.71× | ||
| Q2 24 | 4.04× | 0.70× | ||
| Q1 24 | 4.02× | 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 | $8.4M | $19.5M |
| Free Cash FlowOCF − Capex | $8.1M | — |
| FCF MarginFCF / Revenue | 9.1% | — |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | 1.27× | — |
| TTM Free Cash FlowTrailing 4 quarters | $43.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.4M | $19.5M | ||
| Q3 25 | $16.6M | $8.5M | ||
| Q2 25 | $-803.0K | $-3.6M | ||
| Q1 25 | $19.7M | $-1.3M | ||
| Q4 24 | $-17.8M | $6.5M | ||
| Q3 24 | $3.0M | $10.1M | ||
| Q2 24 | $-2.7M | $19.6M | ||
| Q1 24 | $-4.6M | $5.2M |
| Q4 25 | $8.1M | — | ||
| Q3 25 | $16.4M | — | ||
| Q2 25 | $-969.0K | — | ||
| Q1 25 | $19.5M | — | ||
| Q4 24 | $-18.3M | — | ||
| Q3 24 | $2.3M | — | ||
| Q2 24 | $-3.1M | — | ||
| Q1 24 | $-4.7M | — |
| Q4 25 | 9.1% | — | ||
| Q3 25 | 22.9% | — | ||
| Q2 25 | -1.5% | — | ||
| Q1 25 | 40.8% | — | ||
| Q4 24 | -27.4% | — | ||
| Q3 24 | 4.8% | — | ||
| Q2 24 | -6.3% | — | ||
| Q1 24 | -13.6% | — |
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 0.8% | — | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 0.3% | — |
| Q4 25 | 1.27× | — | ||
| Q3 25 | 16.26× | — | ||
| Q2 25 | -0.16× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -2.62× | — | ||
| 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
HROW
Segment breakdown not available.
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
