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Side-by-side financial comparison of MARKETWISE, INC. (MKTW) 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 $83.4M, roughly 1.1× MARKETWISE, INC.). On growth, Ranpak Holdings Corp. posted the faster year-over-year revenue change (2.3% vs -14.4%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs -12.5%).

MarketWise Inc. is a leading provider of investment research, financial market data, and wealth management education solutions. It serves both retail and institutional investors across North America, Europe, and the Asia-Pacific region, offering actionable market insights, portfolio analysis tools, and specialized multi-asset research.

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...

MKTW vs PACK — Head-to-Head

Bigger by revenue
PACK
PACK
1.1× larger
PACK
$93.7M
$83.4M
MKTW
Growing faster (revenue YoY)
PACK
PACK
+16.7% gap
PACK
2.3%
-14.4%
MKTW
Faster 2-yr revenue CAGR
PACK
PACK
Annualised
PACK
13.7%
-12.5%
MKTW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MKTW
MKTW
PACK
PACK
Revenue
$83.4M
$93.7M
Net Profit
$1.9M
Gross Margin
87.0%
39.0%
Operating Margin
15.8%
-1.0%
Net Margin
2.3%
Revenue YoY
-14.4%
2.3%
Net Profit YoY
-9.8%
EPS (diluted)
$0.79
$-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.

Revenue
MKTW
MKTW
PACK
PACK
Q4 25
$83.4M
$93.7M
Q3 25
$81.3M
$83.6M
Q2 25
$80.0M
$77.8M
Q1 25
$83.5M
$77.6M
Q4 24
$97.5M
$91.6M
Q3 24
$97.2M
$78.6M
Q2 24
$105.0M
$72.8M
Q1 24
$109.0M
$72.5M
Net Profit
MKTW
MKTW
PACK
PACK
Q4 25
$1.9M
Q3 25
$1.5M
$-10.4M
Q2 25
$1.3M
$-7.5M
Q1 25
$890.0K
$-10.9M
Q4 24
$2.1M
Q3 24
$1.7M
$-8.1M
Q2 24
$1.5M
$5.5M
Q1 24
$1.7M
$-8.1M
Gross Margin
MKTW
MKTW
PACK
PACK
Q4 25
87.0%
39.0%
Q3 25
87.0%
41.1%
Q2 25
86.3%
37.1%
Q1 25
85.7%
39.8%
Q4 24
88.7%
45.2%
Q3 24
86.7%
43.8%
Q2 24
87.3%
43.5%
Q1 24
87.7%
44.6%
Operating Margin
MKTW
MKTW
PACK
PACK
Q4 25
15.8%
-1.0%
Q3 25
21.9%
-6.8%
Q2 25
18.5%
-12.5%
Q1 25
20.1%
-10.3%
Q4 24
24.8%
1.5%
Q3 24
22.5%
-5.3%
Q2 24
20.3%
-7.1%
Q1 24
19.8%
-6.6%
Net Margin
MKTW
MKTW
PACK
PACK
Q4 25
2.3%
Q3 25
1.9%
-12.4%
Q2 25
1.6%
-9.6%
Q1 25
1.1%
-14.0%
Q4 24
2.2%
Q3 24
1.8%
-10.3%
Q2 24
1.5%
7.6%
Q1 24
1.5%
-11.2%
EPS (diluted)
MKTW
MKTW
PACK
PACK
Q4 25
$0.79
$-0.11
Q3 25
$0.58
$-0.12
Q2 25
$0.53
$-0.09
Q1 25
$0.41
$-0.13
Q4 24
$1.06
$-0.13
Q3 24
$0.87
$-0.10
Q2 24
$0.80
$0.07
Q1 24
$0.85
$-0.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MKTW
MKTW
PACK
PACK
Cash + ST InvestmentsLiquidity on hand
$70.1M
$63.0M
Total DebtLower is stronger
$401.9M
Stockholders' EquityBook value
$-11.7M
$534.9M
Total Assets
$218.4M
$1.1B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MKTW
MKTW
PACK
PACK
Q4 25
$70.1M
$63.0M
Q3 25
$50.5M
$49.9M
Q2 25
$69.1M
$49.2M
Q1 25
$79.2M
$65.5M
Q4 24
$97.9M
$76.1M
Q3 24
$94.1M
$69.5M
Q2 24
$109.3M
$65.1M
Q1 24
$131.2M
$55.1M
Total Debt
MKTW
MKTW
PACK
PACK
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
$707.0K
$396.7M
Stockholders' Equity
MKTW
MKTW
PACK
PACK
Q4 25
$-11.7M
$534.9M
Q3 25
$-14.5M
$537.8M
Q2 25
$-15.8M
$539.0M
Q1 25
$-15.8M
$544.1M
Q4 24
$-12.5M
$548.1M
Q3 24
$-19.5M
$564.3M
Q2 24
$-23.7M
$566.2M
Q1 24
$-9.4M
$560.0M
Total Assets
MKTW
MKTW
PACK
PACK
Q4 25
$218.4M
$1.1B
Q3 25
$201.7M
$1.1B
Q2 25
$211.8M
$1.1B
Q1 25
$239.6M
$1.1B
Q4 24
$259.5M
$1.1B
Q3 24
$278.4M
$1.1B
Q2 24
$315.3M
$1.1B
Q1 24
$359.3M
$1.1B
Debt / Equity
MKTW
MKTW
PACK
PACK
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
MKTW
MKTW
PACK
PACK
Operating Cash FlowLast quarter
$46.0M
$19.5M
Free Cash FlowOCF − Capex
$45.6M
FCF MarginFCF / Revenue
54.6%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
23.84×
TTM Free Cash FlowTrailing 4 quarters
$67.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MKTW
MKTW
PACK
PACK
Q4 25
$46.0M
$19.5M
Q3 25
$2.2M
$8.5M
Q2 25
$17.8M
$-3.6M
Q1 25
$1.7M
$-1.3M
Q4 24
$-22.1M
$6.5M
Q3 24
$-5.8M
$10.1M
Q2 24
$-3.8M
$19.6M
Q1 24
$-18.5M
$5.2M
Free Cash Flow
MKTW
MKTW
PACK
PACK
Q4 25
$45.6M
Q3 25
$2.2M
Q2 25
$17.7M
Q1 25
$1.7M
Q4 24
$-22.3M
Q3 24
$-5.9M
Q2 24
$-3.8M
Q1 24
FCF Margin
MKTW
MKTW
PACK
PACK
Q4 25
54.6%
Q3 25
2.7%
Q2 25
22.2%
Q1 25
2.0%
Q4 24
-22.9%
Q3 24
-6.0%
Q2 24
-3.6%
Q1 24
Capex Intensity
MKTW
MKTW
PACK
PACK
Q4 25
0.5%
Q3 25
0.0%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.1%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
MKTW
MKTW
PACK
PACK
Q4 25
23.84×
Q3 25
1.44×
Q2 25
13.76×
Q1 25
1.95×
Q4 24
-10.36×
Q3 24
-3.39×
Q2 24
-2.46×
3.56×
Q1 24
-11.17×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MKTW
MKTW

Segment breakdown not available.

PACK
PACK

Other$47.9M51%
Europe And Asia Segment$45.8M49%

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