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Side-by-side financial comparison of MNTN, Inc. (MNTN) and Ranpak Holdings Corp. (PACK). Click either name above to swap in a different company.

MNTN, Inc. is the larger business by last-quarter revenue ($2.0B vs $93.7M, roughly 21.6× Ranpak Holdings Corp.). On growth, Ranpak Holdings Corp. posted the faster year-over-year revenue change (2.3% vs -0.0%).

MNTN Inc. is a U.S.-headquartered advertising technology firm specializing in performance-driven connected TV (CTV) advertising solutions. It serves e-commerce, retail, and consumer goods brands, helping clients accurately measure ad campaign ROI and reach targeted audiences across streaming TV platforms in North American and European markets.

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...

MNTN vs PACK — Head-to-Head

Bigger by revenue
MNTN
MNTN
21.6× larger
MNTN
$2.0B
$93.7M
PACK
Growing faster (revenue YoY)
PACK
PACK
+2.3% gap
PACK
2.3%
-0.0%
MNTN

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MNTN
MNTN
PACK
PACK
Revenue
$2.0B
$93.7M
Net Profit
$8.8M
Gross Margin
100.0%
39.0%
Operating Margin
97.5%
-1.0%
Net Margin
0.4%
Revenue YoY
-0.0%
2.3%
Net Profit YoY
EPS (diluted)
$0.11
$-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
MNTN
MNTN
PACK
PACK
Q1 26
$2.0B
Q4 25
$2.0B
$93.7M
Q3 25
$70.0M
$83.6M
Q2 25
$68.5M
$77.8M
Q1 25
$77.6M
Q4 24
$91.6M
Q3 24
$78.6M
Q2 24
$72.8M
Net Profit
MNTN
MNTN
PACK
PACK
Q1 26
$8.8M
Q4 25
$34.5M
Q3 25
$6.4M
$-10.4M
Q2 25
$-26.2M
$-7.5M
Q1 25
$-10.9M
Q4 24
Q3 24
$-8.1M
Q2 24
$5.5M
Gross Margin
MNTN
MNTN
PACK
PACK
Q1 26
100.0%
Q4 25
100.0%
39.0%
Q3 25
78.9%
41.1%
Q2 25
76.8%
37.1%
Q1 25
39.8%
Q4 24
45.2%
Q3 24
43.8%
Q2 24
43.5%
Operating Margin
MNTN
MNTN
PACK
PACK
Q1 26
97.5%
Q4 25
97.5%
-1.0%
Q3 25
10.8%
-6.8%
Q2 25
5.4%
-12.5%
Q1 25
-10.3%
Q4 24
1.5%
Q3 24
-5.3%
Q2 24
-7.1%
Net Margin
MNTN
MNTN
PACK
PACK
Q1 26
0.4%
Q4 25
1.7%
Q3 25
9.2%
-12.4%
Q2 25
-38.3%
-9.6%
Q1 25
-14.0%
Q4 24
Q3 24
-10.3%
Q2 24
7.6%
EPS (diluted)
MNTN
MNTN
PACK
PACK
Q1 26
$0.11
Q4 25
$0.43
$-0.11
Q3 25
$0.08
$-0.12
Q2 25
$-0.65
$-0.09
Q1 25
$-0.13
Q4 24
$-0.13
Q3 24
$-0.10
Q2 24
$0.07

Balance Sheet & Financial Strength

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

Metric
MNTN
MNTN
PACK
PACK
Cash + ST InvestmentsLiquidity on hand
$213.9M
$63.0M
Total DebtLower is stronger
$401.9M
Stockholders' EquityBook value
$318.6M
$534.9M
Total Assets
$375.1M
$1.1B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MNTN
MNTN
PACK
PACK
Q1 26
$213.9M
Q4 25
$210.2M
$63.0M
Q3 25
$179.2M
$49.9M
Q2 25
$175.2M
$49.2M
Q1 25
$65.5M
Q4 24
$76.1M
Q3 24
$69.5M
Q2 24
$65.1M
Total Debt
MNTN
MNTN
PACK
PACK
Q1 26
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
Stockholders' Equity
MNTN
MNTN
PACK
PACK
Q1 26
$318.6M
Q4 25
$534.9M
Q3 25
$266.7M
$537.8M
Q2 25
$238.9M
$539.0M
Q1 25
$544.1M
Q4 24
$548.1M
Q3 24
$564.3M
Q2 24
$566.2M
Total Assets
MNTN
MNTN
PACK
PACK
Q1 26
$375.1M
Q4 25
$378.3M
$1.1B
Q3 25
$335.9M
$1.1B
Q2 25
$337.0M
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.1B
Debt / Equity
MNTN
MNTN
PACK
PACK
Q1 26
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×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MNTN
MNTN
PACK
PACK
Operating Cash FlowLast quarter
$7.1M
$19.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.81×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MNTN
MNTN
PACK
PACK
Q1 26
$7.1M
Q4 25
$56.5M
$19.5M
Q3 25
$9.3M
$8.5M
Q2 25
$17.6M
$-3.6M
Q1 25
$-1.3M
Q4 24
$6.5M
Q3 24
$10.1M
Q2 24
$19.6M
Cash Conversion
MNTN
MNTN
PACK
PACK
Q1 26
0.81×
Q4 25
1.64×
Q3 25
1.45×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
3.56×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MNTN
MNTN

Segment breakdown not available.

PACK
PACK

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

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