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Side-by-side financial comparison of LandBridge Co LLC (LB) 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 $56.8M, roughly 1.7× LandBridge Co LLC). On growth, LandBridge Co LLC posted the faster year-over-year revenue change (55.6% vs 2.3%). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% CAGR vs 13.7%).
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...
LB vs PACK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $56.8M | $93.7M |
| Net Profit | $8.1M | — |
| Gross Margin | — | 39.0% |
| Operating Margin | 60.0% | -1.0% |
| Net Margin | 14.2% | — |
| Revenue YoY | 55.6% | 2.3% |
| Net Profit YoY | -83.7% | — |
| EPS (diluted) | $0.24 | $-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 | $56.8M | $93.7M | ||
| Q3 25 | $50.8M | $83.6M | ||
| Q2 25 | $47.5M | $77.8M | ||
| Q1 25 | $44.0M | $77.6M | ||
| Q4 24 | $36.5M | $91.6M | ||
| Q3 24 | $28.5M | $78.6M | ||
| Q2 24 | $26.0M | $72.8M | ||
| Q1 24 | $19.0M | $72.5M |
| Q4 25 | $8.1M | — | ||
| Q3 25 | $8.1M | $-10.4M | ||
| Q2 25 | $7.5M | $-7.5M | ||
| Q1 25 | $6.5M | $-10.9M | ||
| Q4 24 | $49.3M | — | ||
| Q3 24 | $2.7M | $-8.1M | ||
| Q2 24 | $-57.7M | $5.5M | ||
| Q1 24 | $10.8M | $-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 | 60.0% | -1.0% | ||
| Q3 25 | 60.8% | -6.8% | ||
| Q2 25 | 60.0% | -12.5% | ||
| Q1 25 | 57.0% | -10.3% | ||
| Q4 24 | 49.4% | 1.5% | ||
| Q3 24 | 11.2% | -5.3% | ||
| Q2 24 | -197.4% | -7.1% | ||
| Q1 24 | 71.1% | -6.6% |
| Q4 25 | 14.2% | — | ||
| Q3 25 | 15.9% | -12.4% | ||
| Q2 25 | 15.8% | -9.6% | ||
| Q1 25 | 14.7% | -14.0% | ||
| Q4 24 | 135.2% | — | ||
| Q3 24 | 9.3% | -10.3% | ||
| Q2 24 | -222.1% | 7.6% | ||
| Q1 24 | 56.7% | -11.2% |
| Q4 25 | $0.24 | $-0.11 | ||
| Q3 25 | $0.26 | $-0.12 | ||
| Q2 25 | $0.24 | $-0.09 | ||
| Q1 25 | $0.20 | $-0.13 | ||
| Q4 24 | — | $-0.13 | ||
| Q3 24 | $-0.04 | $-0.10 | ||
| Q2 24 | — | $0.07 | ||
| Q1 24 | — | $-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 | $30.7M | $63.0M |
| Total DebtLower is stronger | $570.7M | $401.9M |
| Stockholders' EquityBook value | $340.3M | $534.9M |
| Total Assets | $1.4B | $1.1B |
| Debt / EquityLower = less leverage | 1.68× | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.7M | $63.0M | ||
| Q3 25 | $28.3M | $49.9M | ||
| Q2 25 | $20.3M | $49.2M | ||
| Q1 25 | $14.9M | $65.5M | ||
| Q4 24 | $37.0M | $76.1M | ||
| Q3 24 | $14.4M | $69.5M | ||
| Q2 24 | $24.6M | $65.1M | ||
| Q1 24 | — | $55.1M |
| Q4 25 | $570.7M | $401.9M | ||
| Q3 25 | $366.1M | $403.1M | ||
| Q2 25 | $370.9M | $403.1M | ||
| Q1 25 | $375.5M | $405.2M | ||
| Q4 24 | $385.5M | $406.4M | ||
| Q3 24 | $242.4M | $403.2M | ||
| Q2 24 | $360.8M | $396.1M | ||
| Q1 24 | — | $396.7M |
| Q4 25 | $340.3M | $534.9M | ||
| Q3 25 | $272.0M | $537.8M | ||
| Q2 25 | $266.4M | $539.0M | ||
| Q1 25 | $217.0M | $544.1M | ||
| Q4 24 | $211.8M | $548.1M | ||
| Q3 24 | $97.2M | $564.3M | ||
| Q2 24 | $296.4M | $566.2M | ||
| Q1 24 | $162.3M | $560.0M |
| Q4 25 | $1.4B | $1.1B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.0B | $1.1B | ||
| Q4 24 | $1.0B | $1.1B | ||
| Q3 24 | $689.9M | $1.1B | ||
| Q2 24 | $710.5M | $1.1B | ||
| Q1 24 | — | $1.1B |
| Q4 25 | 1.68× | 0.75× | ||
| Q3 25 | 1.35× | 0.75× | ||
| Q2 25 | 1.39× | 0.75× | ||
| Q1 25 | 1.73× | 0.74× | ||
| Q4 24 | 1.82× | 0.74× | ||
| Q3 24 | 2.49× | 0.71× | ||
| Q2 24 | 1.22× | 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 | $126.3M | $19.5M |
| Free Cash FlowOCF − Capex | $122.0M | — |
| FCF MarginFCF / Revenue | 214.9% | — |
| Capex IntensityCapex / Revenue | 7.5% | — |
| Cash ConversionOCF / Net Profit | 15.68× | — |
| TTM Free Cash FlowTrailing 4 quarters | $207.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $126.3M | $19.5M | ||
| Q3 25 | $34.9M | $8.5M | ||
| Q2 25 | $37.3M | $-3.6M | ||
| Q1 25 | $15.9M | $-1.3M | ||
| Q4 24 | $67.6M | $6.5M | ||
| Q3 24 | $7.5M | $10.1M | ||
| Q2 24 | $16.0M | $19.6M | ||
| Q1 24 | $17.2M | $5.2M |
| Q4 25 | $122.0M | — | ||
| Q3 25 | $33.7M | — | ||
| Q2 25 | $36.1M | — | ||
| Q1 25 | $15.8M | — | ||
| Q4 24 | $66.7M | — | ||
| Q3 24 | $7.1M | — | ||
| Q2 24 | $15.7M | — | ||
| Q1 24 | $17.1M | — |
| Q4 25 | 214.9% | — | ||
| Q3 25 | 66.3% | — | ||
| Q2 25 | 75.9% | — | ||
| Q1 25 | 36.0% | — | ||
| Q4 24 | 182.6% | — | ||
| Q3 24 | 25.1% | — | ||
| Q2 24 | 60.4% | — | ||
| Q1 24 | 90.1% | — |
| Q4 25 | 7.5% | — | ||
| Q3 25 | 2.3% | — | ||
| Q2 25 | 2.6% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 1.1% | — | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | 0.5% | — |
| Q4 25 | 15.68× | — | ||
| Q3 25 | 4.31× | — | ||
| Q2 25 | 4.98× | — | ||
| Q1 25 | 2.46× | — | ||
| Q4 24 | 1.37× | — | ||
| Q3 24 | 2.80× | — | ||
| Q2 24 | — | 3.56× | ||
| Q1 24 | 1.60× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LB
Segment breakdown not available.
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
