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Side-by-side financial comparison of LXP Industrial Trust (LXP) 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 $86.7M, roughly 1.1× LXP Industrial Trust). On growth, Ranpak Holdings Corp. posted the faster year-over-year revenue change (2.3% vs -14.0%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs 0.3%).
LXP Industrial Trust is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality industrial real estate assets, primarily distribution centers, logistics facilities, and light industrial properties across key markets in the United States. Its tenant base covers e-commerce, third-party logistics, and advanced manufacturing sectors, delivering stable long-term returns for its investors.
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...
LXP vs PACK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $86.7M | $93.7M |
| Net Profit | $28.8M | — |
| Gross Margin | 81.5% | 39.0% |
| Operating Margin | 34.6% | -1.0% |
| Net Margin | 33.2% | — |
| Revenue YoY | -14.0% | 2.3% |
| Net Profit YoY | — | — |
| EPS (diluted) | — | $-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 | $86.7M | $93.7M | ||
| Q3 25 | $86.9M | $83.6M | ||
| Q2 25 | $87.7M | $77.8M | ||
| Q1 25 | $88.9M | $77.6M | ||
| Q4 24 | $100.9M | $91.6M | ||
| Q3 24 | $85.6M | $78.6M | ||
| Q2 24 | $85.8M | $72.8M | ||
| Q1 24 | $86.3M | $72.5M |
| Q4 25 | $28.8M | — | ||
| Q3 25 | $36.3M | $-10.4M | ||
| Q2 25 | $29.1M | $-7.5M | ||
| Q1 25 | $19.0M | $-10.9M | ||
| Q4 24 | — | — | ||
| Q3 24 | $6.3M | $-8.1M | ||
| Q2 24 | $5.4M | $5.5M | ||
| Q1 24 | $-269.0K | $-8.1M |
| Q4 25 | 81.5% | 39.0% | ||
| Q3 25 | 82.3% | 41.1% | ||
| Q2 25 | 81.9% | 37.1% | ||
| Q1 25 | 80.7% | 39.8% | ||
| Q4 24 | 85.3% | 45.2% | ||
| Q3 24 | 82.5% | 43.8% | ||
| Q2 24 | 82.0% | 43.5% | ||
| Q1 24 | 82.4% | 44.6% |
| Q4 25 | 34.6% | -1.0% | ||
| Q3 25 | 50.4% | -6.8% | ||
| Q2 25 | 33.7% | -12.5% | ||
| Q1 25 | 21.8% | -10.3% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | 7.9% | -5.3% | ||
| Q2 24 | 6.9% | -7.1% | ||
| Q1 24 | 1.0% | -6.6% |
| Q4 25 | 33.2% | — | ||
| Q3 25 | 41.7% | -12.4% | ||
| Q2 25 | 33.2% | -9.6% | ||
| Q1 25 | 21.4% | -14.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | 7.4% | -10.3% | ||
| Q2 24 | 6.3% | 7.6% | ||
| Q1 24 | -0.3% | -11.2% |
| Q4 25 | — | $-0.11 | ||
| Q3 25 | $0.12 | $-0.12 | ||
| Q2 25 | $0.09 | $-0.09 | ||
| Q1 25 | $0.06 | $-0.13 | ||
| Q4 24 | — | $-0.13 | ||
| Q3 24 | $0.02 | $-0.10 | ||
| Q2 24 | $0.01 | $0.07 | ||
| Q1 24 | $-0.01 | $-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 | $170.4M | $63.0M |
| Total DebtLower is stronger | $1.4B | $401.9M |
| Stockholders' EquityBook value | $2.0B | $534.9M |
| Total Assets | $3.5B | $1.1B |
| Debt / EquityLower = less leverage | 0.66× | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $170.4M | $63.0M | ||
| Q3 25 | $229.7M | $49.9M | ||
| Q2 25 | $71.0M | $49.2M | ||
| Q1 25 | $70.9M | $65.5M | ||
| Q4 24 | $101.8M | $76.1M | ||
| Q3 24 | $55.0M | $69.5M | ||
| Q2 24 | $48.7M | $65.1M | ||
| Q1 24 | $293.8M | $55.1M |
| Q4 25 | $1.4B | $401.9M | ||
| Q3 25 | $1.5B | $403.1M | ||
| Q2 25 | $1.5B | $403.1M | ||
| Q1 25 | $1.5B | $405.2M | ||
| Q4 24 | $1.6B | $406.4M | ||
| Q3 24 | — | $403.2M | ||
| Q2 24 | — | $396.1M | ||
| Q1 24 | — | $396.7M |
| Q4 25 | $2.0B | $534.9M | ||
| Q3 25 | $2.1B | $537.8M | ||
| Q2 25 | $2.1B | $539.0M | ||
| Q1 25 | $2.1B | $544.1M | ||
| Q4 24 | $2.1B | $548.1M | ||
| Q3 24 | $2.1B | $564.3M | ||
| Q2 24 | $2.1B | $566.2M | ||
| Q1 24 | $2.2B | $560.0M |
| Q4 25 | $3.5B | $1.1B | ||
| Q3 25 | $3.7B | $1.1B | ||
| Q2 25 | $3.7B | $1.1B | ||
| Q1 25 | $3.8B | $1.1B | ||
| Q4 24 | $3.8B | $1.1B | ||
| Q3 24 | $3.9B | $1.1B | ||
| Q2 24 | $3.9B | $1.1B | ||
| Q1 24 | $4.2B | $1.1B |
| Q4 25 | 0.66× | 0.75× | ||
| Q3 25 | 0.72× | 0.75× | ||
| Q2 25 | 0.72× | 0.75× | ||
| Q1 25 | 0.73× | 0.74× | ||
| Q4 24 | 0.75× | 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 | $188.7M | $19.5M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 6.56× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $188.7M | $19.5M | ||
| Q3 25 | $63.5M | $8.5M | ||
| Q2 25 | $44.3M | $-3.6M | ||
| Q1 25 | $39.0M | $-1.3M | ||
| Q4 24 | $211.2M | $6.5M | ||
| Q3 24 | $64.6M | $10.1M | ||
| Q2 24 | $38.5M | $19.6M | ||
| Q1 24 | $38.9M | $5.2M |
| Q4 25 | 6.56× | — | ||
| Q3 25 | 1.75× | — | ||
| Q2 25 | 1.52× | — | ||
| Q1 25 | 2.05× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 10.18× | — | ||
| Q2 24 | 7.09× | 3.56× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LXP
Segment breakdown not available.
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
