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Side-by-side financial comparison of HEALTHSTREAM INC (HSTM) 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 $79.7M, roughly 1.2× HEALTHSTREAM INC). On growth, HEALTHSTREAM INC posted the faster year-over-year revenue change (7.4% vs 2.3%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs 4.7%).
HealthStream Inc is a leading U.S.-based provider of workforce development, compliance, and training solutions tailored for the healthcare industry. It offers cloud-based platforms covering clinical skill training, talent management, patient safety education, and regulatory adherence tools, serving over 4,000 healthcare organizations including hospitals, clinics, and long-term care facilities nationwide.
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...
HSTM vs PACK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $79.7M | $93.7M |
| Net Profit | — | — |
| Gross Margin | — | 39.0% |
| Operating Margin | 3.0% | -1.0% |
| Net Margin | — | — |
| Revenue YoY | 7.4% | 2.3% |
| Net Profit YoY | — | — |
| EPS (diluted) | $0.09 | $-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 | $79.7M | $93.7M | ||
| Q3 25 | $76.5M | $83.6M | ||
| Q2 25 | $74.4M | $77.8M | ||
| Q1 25 | $73.5M | $77.6M | ||
| Q4 24 | $74.2M | $91.6M | ||
| Q3 24 | $73.1M | $78.6M | ||
| Q2 24 | $71.6M | $72.8M | ||
| Q1 24 | $72.8M | $72.5M |
| Q4 25 | — | — | ||
| Q3 25 | $6.1M | $-10.4M | ||
| Q2 25 | $5.4M | $-7.5M | ||
| Q1 25 | $4.3M | $-10.9M | ||
| Q4 24 | — | — | ||
| Q3 24 | $5.7M | $-8.1M | ||
| Q2 24 | $4.2M | $5.5M | ||
| Q1 24 | $5.2M | $-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 | 3.0% | -1.0% | ||
| Q3 25 | 9.9% | -6.8% | ||
| Q2 25 | 7.9% | -12.5% | ||
| Q1 25 | 6.0% | -10.3% | ||
| Q4 24 | 6.3% | 1.5% | ||
| Q3 24 | 8.9% | -5.3% | ||
| Q2 24 | 6.2% | -7.1% | ||
| Q1 24 | 7.8% | -6.6% |
| Q4 25 | — | — | ||
| Q3 25 | 8.0% | -12.4% | ||
| Q2 25 | 7.2% | -9.6% | ||
| Q1 25 | 5.9% | -14.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | 7.8% | -10.3% | ||
| Q2 24 | 5.8% | 7.6% | ||
| Q1 24 | 7.2% | -11.2% |
| Q4 25 | $0.09 | $-0.11 | ||
| Q3 25 | $0.20 | $-0.12 | ||
| Q2 25 | $0.18 | $-0.09 | ||
| Q1 25 | $0.14 | $-0.13 | ||
| Q4 24 | $0.16 | $-0.13 | ||
| Q3 24 | $0.19 | $-0.10 | ||
| Q2 24 | $0.14 | $0.07 | ||
| Q1 24 | $0.17 | $-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 | $36.2M | $63.0M |
| Total DebtLower is stronger | — | $401.9M |
| Stockholders' EquityBook value | $354.0M | $534.9M |
| Total Assets | $520.4M | $1.1B |
| Debt / EquityLower = less leverage | — | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.2M | $63.0M | ||
| Q3 25 | $53.5M | $49.9M | ||
| Q2 25 | $52.1M | $49.2M | ||
| Q1 25 | $77.3M | $65.5M | ||
| Q4 24 | $59.5M | $76.1M | ||
| Q3 24 | $57.5M | $69.5M | ||
| Q2 24 | $46.1M | $65.1M | ||
| Q1 24 | $52.4M | $55.1M |
| Q4 25 | — | $401.9M | ||
| Q3 25 | — | $403.1M | ||
| Q2 25 | — | $403.1M | ||
| Q1 25 | — | $405.2M | ||
| Q4 24 | — | $406.4M | ||
| Q3 24 | — | $403.2M | ||
| Q2 24 | — | $396.1M | ||
| Q1 24 | — | $396.7M |
| Q4 25 | $354.0M | $534.9M | ||
| Q3 25 | $349.2M | $537.8M | ||
| Q2 25 | $350.6M | $539.0M | ||
| Q1 25 | $362.8M | $544.1M | ||
| Q4 24 | $359.4M | $548.1M | ||
| Q3 24 | $355.5M | $564.3M | ||
| Q2 24 | $349.2M | $566.2M | ||
| Q1 24 | $344.9M | $560.0M |
| Q4 25 | $520.4M | $1.1B | ||
| Q3 25 | $499.9M | $1.1B | ||
| Q2 25 | $500.1M | $1.1B | ||
| Q1 25 | $524.0M | $1.1B | ||
| Q4 24 | $510.8M | $1.1B | ||
| Q3 24 | $502.8M | $1.1B | ||
| Q2 24 | $499.6M | $1.1B | ||
| Q1 24 | $511.6M | $1.1B |
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.75× | ||
| Q2 25 | — | 0.75× | ||
| Q1 25 | — | 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 | $13.2M | $19.5M |
| Free Cash FlowOCF − Capex | $13.0M | — |
| FCF MarginFCF / Revenue | 16.3% | — |
| Capex IntensityCapex / Revenue | 0.3% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $59.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.2M | $19.5M | ||
| Q3 25 | $18.0M | $8.5M | ||
| Q2 25 | $5.0M | $-3.6M | ||
| Q1 25 | $27.1M | $-1.3M | ||
| Q4 24 | $11.2M | $6.5M | ||
| Q3 24 | $19.1M | $10.1M | ||
| Q2 24 | $6.5M | $19.6M | ||
| Q1 24 | $20.9M | $5.2M |
| Q4 25 | $13.0M | — | ||
| Q3 25 | $17.9M | — | ||
| Q2 25 | $2.7M | — | ||
| Q1 25 | $26.0M | — | ||
| Q4 24 | $11.0M | — | ||
| Q3 24 | $18.8M | — | ||
| Q2 24 | $6.3M | — | ||
| Q1 24 | $20.2M | — |
| Q4 25 | 16.3% | — | ||
| Q3 25 | 23.4% | — | ||
| Q2 25 | 3.6% | — | ||
| Q1 25 | 35.4% | — | ||
| Q4 24 | 14.8% | — | ||
| Q3 24 | 25.8% | — | ||
| Q2 24 | 8.8% | — | ||
| Q1 24 | 27.8% | — |
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 3.1% | — | ||
| Q1 25 | 1.4% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 1.0% | — |
| Q4 25 | — | — | ||
| Q3 25 | 2.96× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 6.25× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.34× | — | ||
| Q2 24 | 1.55× | 3.56× | ||
| Q1 24 | 4.01× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HSTM
| Subscription Services | $77.0M | 97% |
| Professional Services | $2.7M | 3% |
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
