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Side-by-side financial comparison of INSEEGO CORP. (INSG) 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 $48.4M, roughly 1.9× INSEEGO CORP.). On growth, Ranpak Holdings Corp. posted the faster year-over-year revenue change (2.3% vs 0.6%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs 13.6%).
Inseego Corp designs, manufactures and delivers advanced 5G and IoT solutions including mobile hotspots, edge computing devices, and cloud-based device management platforms. It primarily serves telecom operators, enterprise clients, and public sector customers across global 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...
INSG vs PACK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $48.4M | $93.7M |
| Net Profit | $469.0K | — |
| Gross Margin | 42.2% | 39.0% |
| Operating Margin | 2.7% | -1.0% |
| Net Margin | 1.0% | — |
| Revenue YoY | 0.6% | 2.3% |
| Net Profit YoY | 182.9% | — |
| EPS (diluted) | $-0.02 | $-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 | $48.4M | $93.7M | ||
| Q3 25 | $45.9M | $83.6M | ||
| Q2 25 | $40.2M | $77.8M | ||
| Q1 25 | $31.7M | $77.6M | ||
| Q4 24 | $48.1M | $91.6M | ||
| Q3 24 | $54.0M | $78.6M | ||
| Q2 24 | $51.6M | $72.8M | ||
| Q1 24 | $37.5M | $72.5M |
| Q4 25 | $469.0K | — | ||
| Q3 25 | $1.4M | $-10.4M | ||
| Q2 25 | $507.0K | $-7.5M | ||
| Q1 25 | $-1.6M | $-10.9M | ||
| Q4 24 | $-566.0K | — | ||
| Q3 24 | $9.0M | $-8.1M | ||
| Q2 24 | $624.0K | $5.5M | ||
| Q1 24 | $-4.5M | $-8.1M |
| Q4 25 | 42.2% | 39.0% | ||
| Q3 25 | 41.6% | 41.1% | ||
| Q2 25 | 41.1% | 37.1% | ||
| Q1 25 | 47.3% | 39.8% | ||
| Q4 24 | 37.3% | 45.2% | ||
| Q3 24 | 34.8% | 43.8% | ||
| Q2 24 | 36.4% | 43.5% | ||
| Q1 24 | 35.3% | 44.6% |
| Q4 25 | 2.7% | -1.0% | ||
| Q3 25 | 4.7% | -6.8% | ||
| Q2 25 | 3.2% | -12.5% | ||
| Q1 25 | -1.3% | -10.3% | ||
| Q4 24 | 3.7% | 1.5% | ||
| Q3 24 | 1.9% | -5.3% | ||
| Q2 24 | 3.6% | -7.1% | ||
| Q1 24 | -7.9% | -6.6% |
| Q4 25 | 1.0% | — | ||
| Q3 25 | 3.1% | -12.4% | ||
| Q2 25 | 1.3% | -9.6% | ||
| Q1 25 | -5.0% | -14.0% | ||
| Q4 24 | -1.2% | — | ||
| Q3 24 | 16.6% | -10.3% | ||
| Q2 24 | 1.2% | 7.6% | ||
| Q1 24 | -11.9% | -11.2% |
| Q4 25 | $-0.02 | $-0.11 | ||
| Q3 25 | $0.03 | $-0.12 | ||
| Q2 25 | $-0.03 | $-0.09 | ||
| Q1 25 | $-0.16 | $-0.13 | ||
| Q4 24 | $0.62 | $-0.13 | ||
| Q3 24 | $-0.06 | $-0.10 | ||
| Q2 24 | $-0.02 | $0.07 | ||
| Q1 24 | $-0.44 | $-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 | $24.9M | $63.0M |
| Total DebtLower is stronger | — | $401.9M |
| Stockholders' EquityBook value | $-4.0M | $534.9M |
| Total Assets | $93.8M | $1.1B |
| Debt / EquityLower = less leverage | — | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.9M | $63.0M | ||
| Q3 25 | $14.6M | $49.9M | ||
| Q2 25 | $13.2M | $49.2M | ||
| Q1 25 | $35.1M | $65.5M | ||
| Q4 24 | $39.6M | $76.1M | ||
| Q3 24 | $12.0M | $69.5M | ||
| Q2 24 | $49.0M | $65.1M | ||
| Q1 24 | $12.3M | $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 | $-4.0M | $534.9M | ||
| Q3 25 | $-7.7M | $537.8M | ||
| Q2 25 | $-10.5M | $539.0M | ||
| Q1 25 | $-13.0M | $544.1M | ||
| Q4 24 | $-12.9M | $548.1M | ||
| Q3 24 | $-85.1M | $564.3M | ||
| Q2 24 | $-101.8M | $566.2M | ||
| Q1 24 | $-105.6M | $560.0M |
| Q4 25 | $93.8M | $1.1B | ||
| Q3 25 | $85.8M | $1.1B | ||
| Q2 25 | $83.1M | $1.1B | ||
| Q1 25 | $93.0M | $1.1B | ||
| Q4 24 | $100.0M | $1.1B | ||
| Q3 24 | $113.4M | $1.1B | ||
| Q2 24 | $149.6M | $1.1B | ||
| Q1 24 | $122.1M | $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 | $12.0M | $19.5M |
| Free Cash FlowOCF − Capex | $11.6M | — |
| FCF MarginFCF / Revenue | 24.0% | — |
| Capex IntensityCapex / Revenue | 0.7% | — |
| Cash ConversionOCF / Net Profit | 25.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | $6.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.0M | $19.5M | ||
| Q3 25 | $3.2M | $8.5M | ||
| Q2 25 | $-4.5M | $-3.6M | ||
| Q1 25 | $-3.5M | $-1.3M | ||
| Q4 24 | $-14.2M | $6.5M | ||
| Q3 24 | $14.8M | $10.1M | ||
| Q2 24 | $27.6M | $19.6M | ||
| Q1 24 | $5.2M | $5.2M |
| Q4 25 | $11.6M | — | ||
| Q3 25 | $3.1M | — | ||
| Q2 25 | $-4.7M | — | ||
| Q1 25 | $-3.5M | — | ||
| Q4 24 | $-14.3M | — | ||
| Q3 24 | $14.8M | — | ||
| Q2 24 | $27.6M | — | ||
| Q1 24 | — | — |
| Q4 25 | 24.0% | — | ||
| Q3 25 | 6.7% | — | ||
| Q2 25 | -11.6% | — | ||
| Q1 25 | -11.0% | — | ||
| Q4 24 | -29.7% | — | ||
| Q3 24 | 27.4% | — | ||
| Q2 24 | 53.5% | — | ||
| Q1 24 | — | — |
| Q4 25 | 0.7% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.0% | — |
| Q4 25 | 25.50× | — | ||
| Q3 25 | 2.22× | — | ||
| Q2 25 | -8.81× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.65× | — | ||
| Q2 24 | 44.31× | 3.56× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
INSG
Segment breakdown not available.
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
