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Side-by-side financial comparison of IRONWOOD PHARMACEUTICALS INC (IRWD) 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 $47.7M, roughly 2.0× IRONWOOD PHARMACEUTICALS INC). On growth, Ranpak Holdings Corp. posted the faster year-over-year revenue change (2.3% vs -47.3%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs -20.2%).
Ironwood Pharmaceuticals, Inc. is a publicly traded pharmaceutical company. It was originally called Microbia, Inc.
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...
IRWD vs PACK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $47.7M | $93.7M |
| Net Profit | $-2.3M | — |
| Gross Margin | — | 39.0% |
| Operating Margin | 14.3% | -1.0% |
| Net Margin | -4.8% | — |
| Revenue YoY | -47.3% | 2.3% |
| Net Profit YoY | -200.9% | — |
| EPS (diluted) | $0.01 | $-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 | $47.7M | $93.7M | ||
| Q3 25 | $122.1M | $83.6M | ||
| Q2 25 | $85.2M | $77.8M | ||
| Q1 25 | $41.1M | $77.6M | ||
| Q4 24 | $90.5M | $91.6M | ||
| Q3 24 | $91.6M | $78.6M | ||
| Q2 24 | $94.4M | $72.8M | ||
| Q1 24 | $74.9M | $72.5M |
| Q4 25 | $-2.3M | — | ||
| Q3 25 | $40.1M | $-10.4M | ||
| Q2 25 | $23.6M | $-7.5M | ||
| Q1 25 | $-37.4M | $-10.9M | ||
| Q4 24 | $2.3M | — | ||
| Q3 24 | $3.6M | $-8.1M | ||
| Q2 24 | $-860.0K | $5.5M | ||
| Q1 24 | $-4.2M | $-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 | 14.3% | -1.0% | ||
| Q3 25 | 61.8% | -6.8% | ||
| Q2 25 | 53.2% | -12.5% | ||
| Q1 25 | -70.7% | -10.3% | ||
| Q4 24 | 34.8% | 1.5% | ||
| Q3 24 | 28.0% | -5.3% | ||
| Q2 24 | 26.5% | -7.1% | ||
| Q1 24 | 14.7% | -6.6% |
| Q4 25 | -4.8% | — | ||
| Q3 25 | 32.8% | -12.4% | ||
| Q2 25 | 27.7% | -9.6% | ||
| Q1 25 | -90.9% | -14.0% | ||
| Q4 24 | 2.5% | — | ||
| Q3 24 | 4.0% | -10.3% | ||
| Q2 24 | -0.9% | 7.6% | ||
| Q1 24 | -5.6% | -11.2% |
| Q4 25 | $0.01 | $-0.11 | ||
| Q3 25 | $0.23 | $-0.12 | ||
| Q2 25 | $0.14 | $-0.09 | ||
| Q1 25 | $-0.23 | $-0.13 | ||
| Q4 24 | $0.03 | $-0.13 | ||
| Q3 24 | $0.02 | $-0.10 | ||
| Q2 24 | $-0.01 | $0.07 | ||
| Q1 24 | $-0.03 | $-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 | $215.5M | $63.0M |
| Total DebtLower is stronger | — | $401.9M |
| Stockholders' EquityBook value | $-261.8M | $534.9M |
| Total Assets | $396.9M | $1.1B |
| Debt / EquityLower = less leverage | — | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $215.5M | $63.0M | ||
| Q3 25 | $140.4M | $49.9M | ||
| Q2 25 | $92.9M | $49.2M | ||
| Q1 25 | $108.5M | $65.5M | ||
| Q4 24 | $88.6M | $76.1M | ||
| Q3 24 | $88.2M | $69.5M | ||
| Q2 24 | $105.5M | $65.1M | ||
| Q1 24 | $121.5M | $55.1M |
| Q4 25 | — | $401.9M | ||
| Q3 25 | $199.5M | $403.1M | ||
| Q2 25 | $199.3M | $403.1M | ||
| Q1 25 | $199.2M | $405.2M | ||
| Q4 24 | $199.0M | $406.4M | ||
| Q3 24 | $198.8M | $403.2M | ||
| Q2 24 | $198.6M | $396.1M | ||
| Q1 24 | $398.3M | $396.7M |
| Q4 25 | $-261.8M | $534.9M | ||
| Q3 25 | $-264.2M | $537.8M | ||
| Q2 25 | $-308.2M | $539.0M | ||
| Q1 25 | $-334.1M | $544.1M | ||
| Q4 24 | $-301.3M | $548.1M | ||
| Q3 24 | $-311.3M | $564.3M | ||
| Q2 24 | $-321.7M | $566.2M | ||
| Q1 24 | $-330.5M | $560.0M |
| Q4 25 | $396.9M | $1.1B | ||
| Q3 25 | $396.1M | $1.1B | ||
| Q2 25 | $342.9M | $1.1B | ||
| Q1 25 | $327.2M | $1.1B | ||
| Q4 24 | $350.9M | $1.1B | ||
| Q3 24 | $389.5M | $1.1B | ||
| Q2 24 | $395.6M | $1.1B | ||
| Q1 24 | $438.8M | $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 | $74.6M | $19.5M |
| Free Cash FlowOCF − Capex | $74.6M | — |
| FCF MarginFCF / Revenue | 156.3% | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $127.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $74.6M | $19.5M | ||
| Q3 25 | $47.6M | $8.5M | ||
| Q2 25 | $-15.1M | $-3.6M | ||
| Q1 25 | $20.0M | $-1.3M | ||
| Q4 24 | $15.2M | $6.5M | ||
| Q3 24 | $9.9M | $10.1M | ||
| Q2 24 | $33.5M | $19.6M | ||
| Q1 24 | $45.0M | $5.2M |
| Q4 25 | $74.6M | — | ||
| Q3 25 | $47.6M | — | ||
| Q2 25 | $-15.1M | — | ||
| Q1 25 | $19.9M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $9.9M | — | ||
| Q2 24 | $33.4M | — | ||
| Q1 24 | $44.9M | — |
| Q4 25 | 156.3% | — | ||
| Q3 25 | 39.0% | — | ||
| Q2 25 | -17.7% | — | ||
| Q1 25 | 48.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 10.8% | — | ||
| Q2 24 | 35.4% | — | ||
| Q1 24 | 60.0% | — |
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.1% | — |
| Q4 25 | — | — | ||
| Q3 25 | 1.19× | — | ||
| Q2 25 | -0.64× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.74× | — | ||
| Q3 24 | 2.71× | — | ||
| Q2 24 | — | 3.56× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IRWD
Segment breakdown not available.
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
