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Side-by-side financial comparison of iQSTEL Inc (IQST) 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 $84.2M, roughly 1.1× iQSTEL Inc). On growth, Ranpak Holdings Corp. posted the faster year-over-year revenue change (2.3% vs -14.9%). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs 13.7%).
iQSTEL Inc is a technology holding company operating three core segments: telecommunications, Internet of Things (IoT), and fintech. It offers connectivity services, smart IoT monitoring solutions, and digital financial tools, mainly serving small and medium-sized enterprises and retail customers in North and South American 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...
IQST vs PACK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $84.2M | $93.7M |
| Net Profit | $-2.7M | — |
| Gross Margin | 3.5% | 39.0% |
| Operating Margin | -2.9% | -1.0% |
| Net Margin | -3.2% | — |
| Revenue YoY | -14.9% | 2.3% |
| Net Profit YoY | -44.5% | — |
| EPS (diluted) | $-0.92 | $-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 | $84.2M | $93.7M | ||
| Q3 25 | $102.9M | $83.6M | ||
| Q2 25 | $72.2M | $77.8M | ||
| Q1 25 | $57.6M | $77.6M | ||
| Q4 24 | $98.9M | $91.6M | ||
| Q3 24 | $54.2M | $78.6M | ||
| Q2 24 | $78.6M | $72.8M | ||
| Q1 24 | $51.4M | $72.5M |
| Q4 25 | $-2.7M | — | ||
| Q3 25 | $-2.3M | $-10.4M | ||
| Q2 25 | $-2.3M | $-7.5M | ||
| Q1 25 | $-1.1M | $-10.9M | ||
| Q4 24 | $-1.9M | — | ||
| Q3 24 | $-773.0K | $-8.1M | ||
| Q2 24 | $-2.0M | $5.5M | ||
| Q1 24 | $-580.2K | $-8.1M |
| Q4 25 | 3.5% | 39.0% | ||
| Q3 25 | 2.7% | 41.1% | ||
| Q2 25 | 2.6% | 37.1% | ||
| Q1 25 | 3.4% | 39.8% | ||
| Q4 24 | 2.7% | 45.2% | ||
| Q3 24 | 3.7% | 43.8% | ||
| Q2 24 | 2.8% | 43.5% | ||
| Q1 24 | 2.7% | 44.6% |
| Q4 25 | -2.9% | -1.0% | ||
| Q3 25 | -0.5% | -6.8% | ||
| Q2 25 | -0.9% | -12.5% | ||
| Q1 25 | -1.0% | -10.3% | ||
| Q4 24 | -0.3% | 1.5% | ||
| Q3 24 | -0.1% | -5.3% | ||
| Q2 24 | -0.4% | -7.1% | ||
| Q1 24 | -0.4% | -6.6% |
| Q4 25 | -3.2% | — | ||
| Q3 25 | -2.3% | -12.4% | ||
| Q2 25 | -3.3% | -9.6% | ||
| Q1 25 | -2.0% | -14.0% | ||
| Q4 24 | -1.9% | — | ||
| Q3 24 | -1.4% | -10.3% | ||
| Q2 24 | -2.5% | 7.6% | ||
| Q1 24 | -1.1% | -11.2% |
| Q4 25 | $-0.92 | $-0.11 | ||
| Q3 25 | $-0.68 | $-0.12 | ||
| Q2 25 | $-0.82 | $-0.09 | ||
| Q1 25 | $-0.44 | $-0.13 | ||
| Q4 24 | $-1.19 | $-0.13 | ||
| Q3 24 | $-0.40 | $-0.10 | ||
| Q2 24 | $-0.90 | $0.07 | ||
| Q1 24 | $-0.37 | $-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 | $2.2M | $63.0M |
| Total DebtLower is stronger | $4.1M | $401.9M |
| Stockholders' EquityBook value | $16.3M | $534.9M |
| Total Assets | $51.1M | $1.1B |
| Debt / EquityLower = less leverage | 0.25× | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.2M | $63.0M | ||
| Q3 25 | $2.3M | $49.9M | ||
| Q2 25 | $2.0M | $49.2M | ||
| Q1 25 | $1.1M | $65.5M | ||
| Q4 24 | $2.5M | $76.1M | ||
| Q3 24 | $2.1M | $69.5M | ||
| Q2 24 | $797.2K | $65.1M | ||
| Q1 24 | $2.7M | $55.1M |
| Q4 25 | $4.1M | $401.9M | ||
| Q3 25 | $2.7M | $403.1M | ||
| Q2 25 | $4.5M | $403.1M | ||
| Q1 25 | $3.5M | $405.2M | ||
| Q4 24 | $2.5M | $406.4M | ||
| Q3 24 | $3.2M | $403.2M | ||
| Q2 24 | $2.5M | $396.1M | ||
| Q1 24 | $194.0K | $396.7M |
| Q4 25 | $16.3M | $534.9M | ||
| Q3 25 | $17.9M | $537.8M | ||
| Q2 25 | $14.3M | $539.0M | ||
| Q1 25 | $11.6M | $544.1M | ||
| Q4 24 | $11.9M | $548.1M | ||
| Q3 24 | $8.1M | $564.3M | ||
| Q2 24 | $7.6M | $566.2M | ||
| Q1 24 | $8.4M | $560.0M |
| Q4 25 | $51.1M | $1.1B | ||
| Q3 25 | $46.9M | $1.1B | ||
| Q2 25 | $51.4M | $1.1B | ||
| Q1 25 | $42.0M | $1.1B | ||
| Q4 24 | $79.0M | $1.1B | ||
| Q3 24 | $32.4M | $1.1B | ||
| Q2 24 | $30.0M | $1.1B | ||
| Q1 24 | $22.1M | $1.1B |
| Q4 25 | 0.25× | 0.75× | ||
| Q3 25 | 0.15× | 0.75× | ||
| Q2 25 | 0.31× | 0.75× | ||
| Q1 25 | 0.31× | 0.74× | ||
| Q4 24 | 0.21× | 0.74× | ||
| Q3 24 | 0.40× | 0.71× | ||
| Q2 24 | 0.34× | 0.70× | ||
| Q1 24 | 0.02× | 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 | $-1.2M | $19.5M |
| Free Cash FlowOCF − Capex | $-1.2M | — |
| FCF MarginFCF / Revenue | -1.5% | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-4.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2M | $19.5M | ||
| Q3 25 | $-953.0K | $8.5M | ||
| Q2 25 | $257.7K | $-3.6M | ||
| Q1 25 | $-1.9M | $-1.3M | ||
| Q4 24 | $-403.7K | $6.5M | ||
| Q3 24 | $625.0K | $10.1M | ||
| Q2 24 | $-2.6M | $19.6M | ||
| Q1 24 | $-536.9K | $5.2M |
| Q4 25 | $-1.2M | — | ||
| Q3 25 | $-969.2K | — | ||
| Q2 25 | $211.7K | — | ||
| Q1 25 | $-2.0M | — | ||
| Q4 24 | $-421.3K | — | ||
| Q3 24 | $594.5K | — | ||
| Q2 24 | $-2.6M | — | ||
| Q1 24 | $-608.5K | — |
| Q4 25 | -1.5% | — | ||
| Q3 25 | -0.9% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | -3.4% | — | ||
| Q4 24 | -0.4% | — | ||
| Q3 24 | 1.1% | — | ||
| Q2 24 | -3.4% | — | ||
| Q1 24 | -1.2% | — |
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.1% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
