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Side-by-side financial comparison of Mama's Creations, Inc. (MAMA) 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 $47.3M, roughly 2.0× Mama's Creations, Inc.). On growth, Mama's Creations, Inc. posted the faster year-over-year revenue change (50.0% vs 2.3%). Over the past eight quarters, Mama's Creations, Inc.'s revenue compounded faster (33.0% CAGR vs 13.7%).
Mama's Creations, Inc. is a U.S.-based food manufacturing enterprise that produces a wide portfolio of refrigerated ready-to-eat and heat-and-serve food products, including Italian-style meatballs, sausages, pasta dishes, and other prepared meals. It mainly distributes its offerings to grocery retailers, mass merchandisers and foodservice partners across the United States, focusing on convenient, high-quality comfort food for daily consumer demand.
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...
MAMA vs PACK — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $47.3M | $93.7M |
| Net Profit | $540.0K | — |
| Gross Margin | 23.6% | 39.0% |
| Operating Margin | 1.7% | -1.0% |
| Net Margin | 1.1% | — |
| Revenue YoY | 50.0% | 2.3% |
| Net Profit YoY | 31.7% | — |
| 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 | $47.3M | $93.7M | ||
| Q3 25 | $35.2M | $83.6M | ||
| Q2 25 | $35.3M | $77.8M | ||
| Q1 25 | $33.6M | $77.6M | ||
| Q4 24 | $31.5M | $91.6M | ||
| Q3 24 | $28.4M | $78.6M | ||
| Q2 24 | $29.8M | $72.8M | ||
| Q1 24 | $26.7M | $72.5M |
| Q4 25 | $540.0K | — | ||
| Q3 25 | $1.3M | $-10.4M | ||
| Q2 25 | $1.2M | $-7.5M | ||
| Q1 25 | $1.6M | $-10.9M | ||
| Q4 24 | $410.0K | — | ||
| Q3 24 | $1.1M | $-8.1M | ||
| Q2 24 | $553.0K | $5.5M | ||
| Q1 24 | $1.4M | $-8.1M |
| Q4 25 | 23.6% | 39.0% | ||
| Q3 25 | 24.9% | 41.1% | ||
| Q2 25 | 26.1% | 37.1% | ||
| Q1 25 | 27.0% | 39.8% | ||
| Q4 24 | 22.6% | 45.2% | ||
| Q3 24 | 24.2% | 43.8% | ||
| Q2 24 | 25.0% | 43.5% | ||
| Q1 24 | 29.3% | 44.6% |
| Q4 25 | 1.7% | -1.0% | ||
| Q3 25 | 4.8% | -6.8% | ||
| Q2 25 | 4.5% | -12.5% | ||
| Q1 25 | 5.7% | -10.3% | ||
| Q4 24 | 1.8% | 1.5% | ||
| Q3 24 | 5.7% | -5.3% | ||
| Q2 24 | 2.6% | -7.1% | ||
| Q1 24 | 7.4% | -6.6% |
| Q4 25 | 1.1% | — | ||
| Q3 25 | 3.6% | -12.4% | ||
| Q2 25 | 3.5% | -9.6% | ||
| Q1 25 | 4.8% | -14.0% | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 4.0% | -10.3% | ||
| Q2 24 | 1.9% | 7.6% | ||
| Q1 24 | 5.3% | -11.2% |
| Q4 25 | $0.01 | $-0.11 | ||
| Q3 25 | $0.03 | $-0.12 | ||
| Q2 25 | $0.03 | $-0.09 | ||
| Q1 25 | $0.04 | $-0.13 | ||
| Q4 24 | $0.01 | $-0.13 | ||
| Q3 24 | $0.03 | $-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 | $18.1M | $63.0M |
| Total DebtLower is stronger | — | $401.9M |
| Stockholders' EquityBook value | $49.6M | $534.9M |
| Total Assets | $84.0M | $1.1B |
| Debt / EquityLower = less leverage | — | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.1M | $63.0M | ||
| Q3 25 | $9.4M | $49.9M | ||
| Q2 25 | $12.0M | $49.2M | ||
| Q1 25 | $7.2M | $65.5M | ||
| Q4 24 | $9.3M | $76.1M | ||
| Q3 24 | $7.4M | $69.5M | ||
| Q2 24 | $13.0M | $65.1M | ||
| Q1 24 | $11.0M | $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 | $49.6M | $534.9M | ||
| Q3 25 | $29.6M | $537.8M | ||
| Q2 25 | $26.4M | $539.0M | ||
| Q1 25 | $24.9M | $544.1M | ||
| Q4 24 | $23.0M | $548.1M | ||
| Q3 24 | $22.3M | $564.3M | ||
| Q2 24 | $20.3M | $566.2M | ||
| Q1 24 | $19.6M | $560.0M |
| Q4 25 | $84.0M | $1.1B | ||
| Q3 25 | $51.2M | $1.1B | ||
| Q2 25 | $52.7M | $1.1B | ||
| Q1 25 | $47.1M | $1.1B | ||
| Q4 24 | $47.9M | $1.1B | ||
| Q3 24 | $43.0M | $1.1B | ||
| Q2 24 | $47.2M | $1.1B | ||
| Q1 24 | $45.1M | $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 | $3.9M | $19.5M |
| Free Cash FlowOCF − Capex | $3.7M | — |
| FCF MarginFCF / Revenue | 7.8% | — |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | 7.16× | — |
| TTM Free Cash FlowTrailing 4 quarters | $6.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.9M | $19.5M | ||
| Q3 25 | $-1.7M | $8.5M | ||
| Q2 25 | $6.0M | $-3.6M | ||
| Q1 25 | $-857.0K | $-1.3M | ||
| Q4 24 | $4.8M | $6.5M | ||
| Q3 24 | $-2.4M | $10.1M | ||
| Q2 24 | $3.6M | $19.6M | ||
| Q1 24 | $6.7M | $5.2M |
| Q4 25 | $3.7M | — | ||
| Q3 25 | $-2.2M | — | ||
| Q2 25 | $5.5M | — | ||
| Q1 25 | $-930.0K | — | ||
| Q4 24 | $2.5M | — | ||
| Q3 24 | $-4.0M | — | ||
| Q2 24 | $2.5M | — | ||
| Q1 24 | $6.6M | — |
| Q4 25 | 7.8% | — | ||
| Q3 25 | -6.2% | — | ||
| Q2 25 | 15.5% | — | ||
| Q1 25 | -2.8% | — | ||
| Q4 24 | 8.0% | — | ||
| Q3 24 | -14.1% | — | ||
| Q2 24 | 8.4% | — | ||
| Q1 24 | 24.8% | — |
| Q4 25 | 0.4% | — | ||
| Q3 25 | 1.5% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 7.2% | — | ||
| Q3 24 | 5.6% | — | ||
| Q2 24 | 3.8% | — | ||
| Q1 24 | 0.4% | — |
| Q4 25 | 7.16× | — | ||
| Q3 25 | -1.31× | — | ||
| Q2 25 | 4.85× | — | ||
| Q1 25 | -0.54× | — | ||
| Q4 24 | 11.71× | — | ||
| Q3 24 | -2.10× | — | ||
| Q2 24 | 6.58× | 3.56× | ||
| Q1 24 | 4.79× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MAMA
Segment breakdown not available.
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
