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Side-by-side financial comparison of Lulu's Fashion Lounge Holdings, Inc. (LVLU) 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 $66.1M, roughly 1.4× Lulu's Fashion Lounge Holdings, Inc.). On growth, Ranpak Holdings Corp. posted the faster year-over-year revenue change (2.3% vs -11.8%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs -14.7%).
Lulu's Fashion Lounge Holdings, Inc. is a direct-to-consumer women's fashion retailer offering affordable, trendy apparel, footwear, and accessories. It primarily serves Gen Z and millennial consumers across North America, operating mainly via its e-commerce platform, with limited pop-up physical locations to boost customer engagement.
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...
LVLU vs PACK — Head-to-Head
Income Statement — Q4 FY2024 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.1M | $93.7M |
| Net Profit | $-31.9M | — |
| Gross Margin | 37.9% | 39.0% |
| Operating Margin | -52.8% | -1.0% |
| Net Margin | -48.2% | — |
| Revenue YoY | -11.8% | 2.3% |
| Net Profit YoY | -340.9% | — |
| EPS (diluted) | $-13.46 | $-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 | — | $93.7M | ||
| Q3 25 | — | $83.6M | ||
| Q2 25 | — | $77.8M | ||
| Q1 25 | — | $77.6M | ||
| Q4 24 | $66.1M | $91.6M | ||
| Q3 24 | $80.5M | $78.6M | ||
| Q2 24 | $92.0M | $72.8M | ||
| Q1 24 | $77.3M | $72.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | $-10.4M | ||
| Q2 25 | — | $-7.5M | ||
| Q1 25 | — | $-10.9M | ||
| Q4 24 | $-31.9M | — | ||
| Q3 24 | $-6.9M | $-8.1M | ||
| Q2 24 | $-10.8M | $5.5M | ||
| Q1 24 | $-5.7M | $-8.1M |
| Q4 25 | — | 39.0% | ||
| Q3 25 | — | 41.1% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | 37.9% | 45.2% | ||
| Q3 24 | 38.1% | 43.8% | ||
| Q2 24 | 45.5% | 43.5% | ||
| Q1 24 | 42.3% | 44.6% |
| Q4 25 | — | -1.0% | ||
| Q3 25 | — | -6.8% | ||
| Q2 25 | — | -12.5% | ||
| Q1 25 | — | -10.3% | ||
| Q4 24 | -52.8% | 1.5% | ||
| Q3 24 | -8.5% | -5.3% | ||
| Q2 24 | -4.9% | -7.1% | ||
| Q1 24 | -8.0% | -6.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | -12.4% | ||
| Q2 25 | — | -9.6% | ||
| Q1 25 | — | -14.0% | ||
| Q4 24 | -48.2% | — | ||
| Q3 24 | -8.5% | -10.3% | ||
| Q2 24 | -11.7% | 7.6% | ||
| Q1 24 | -7.4% | -11.2% |
| Q4 25 | — | $-0.11 | ||
| Q3 25 | — | $-0.12 | ||
| Q2 25 | — | $-0.09 | ||
| Q1 25 | — | $-0.13 | ||
| Q4 24 | $-13.46 | $-0.13 | ||
| Q3 24 | $-2.47 | $-0.10 | ||
| Q2 24 | $-3.92 | $0.07 | ||
| Q1 24 | $-0.15 | $-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 | $4.5M | $63.0M |
| Total DebtLower is stronger | — | $401.9M |
| Stockholders' EquityBook value | $13.4M | $534.9M |
| Total Assets | $108.2M | $1.1B |
| Debt / EquityLower = less leverage | — | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $63.0M | ||
| Q3 25 | — | $49.9M | ||
| Q2 25 | — | $49.2M | ||
| Q1 25 | — | $65.5M | ||
| Q4 24 | $4.5M | $76.1M | ||
| Q3 24 | $6.3M | $69.5M | ||
| Q2 24 | $1.8M | $65.1M | ||
| Q1 24 | $5.5M | $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 | — | $534.9M | ||
| Q3 25 | — | $537.8M | ||
| Q2 25 | — | $539.0M | ||
| Q1 25 | — | $544.1M | ||
| Q4 24 | $13.4M | $548.1M | ||
| Q3 24 | $43.8M | $564.3M | ||
| Q2 24 | $48.7M | $566.2M | ||
| Q1 24 | $57.7M | $560.0M |
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $108.2M | $1.1B | ||
| Q3 24 | $153.5M | $1.1B | ||
| Q2 24 | $145.3M | $1.1B | ||
| Q1 24 | $160.6M | $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 | $-2.5M | $19.5M |
| Free Cash FlowOCF − Capex | $-2.6M | — |
| FCF MarginFCF / Revenue | -3.9% | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $19.5M | ||
| Q3 25 | — | $8.5M | ||
| Q2 25 | — | $-3.6M | ||
| Q1 25 | — | $-1.3M | ||
| Q4 24 | $-2.5M | $6.5M | ||
| Q3 24 | $-5.5M | $10.1M | ||
| Q2 24 | $3.7M | $19.6M | ||
| Q1 24 | $6.9M | $5.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-2.6M | — | ||
| Q3 24 | $-5.9M | — | ||
| Q2 24 | $3.4M | — | ||
| Q1 24 | $6.4M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -3.9% | — | ||
| Q3 24 | -7.3% | — | ||
| Q2 24 | 3.7% | — | ||
| Q1 24 | 8.3% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | 0.7% | — |
| 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
LVLU
| Single Reportable Segment | $63.0M | 95% |
| Other | $2.4M | 4% |
| Stored Value Cards | $750.0K | 1% |
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
