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Side-by-side financial comparison of MidWestOne Financial Group, Inc. (MOFG) 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 $61.3M, roughly 1.5× MidWestOne Financial Group, Inc.). On growth, MidWestOne Financial Group, Inc. posted the faster year-over-year revenue change (35.9% vs 2.3%). Over the past eight quarters, MidWestOne Financial Group, Inc.'s revenue compounded faster (37.2% CAGR vs 13.7%).

MidWestOne Financial Group, Inc. is a bank holding company headquartered in Iowa City, Iowa. The bank operates 56 branches. It is the 3rd largest bank headquartered in Iowa. It operates in Iowa, Minnesota, Wisconsin, Colorado, and Florida.

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...

MOFG vs PACK — Head-to-Head

Bigger by revenue
PACK
PACK
1.5× larger
PACK
$93.7M
$61.3M
MOFG
Growing faster (revenue YoY)
MOFG
MOFG
+33.7% gap
MOFG
35.9%
2.3%
PACK
Faster 2-yr revenue CAGR
MOFG
MOFG
Annualised
MOFG
37.2%
13.7%
PACK

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
MOFG
MOFG
PACK
PACK
Revenue
$61.3M
$93.7M
Net Profit
$17.0M
Gross Margin
39.0%
Operating Margin
35.1%
-1.0%
Net Margin
27.8%
Revenue YoY
35.9%
2.3%
Net Profit YoY
117.8%
EPS (diluted)
$0.82
$-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
MOFG
MOFG
PACK
PACK
Q4 25
$93.7M
Q3 25
$61.3M
$83.6M
Q2 25
$60.2M
$77.8M
Q1 25
$57.6M
$77.6M
Q4 24
$48.9M
$91.6M
Q3 24
$37.5M
$78.6M
Q2 24
$57.9M
$72.8M
Q1 24
$44.5M
$72.5M
Net Profit
MOFG
MOFG
PACK
PACK
Q4 25
Q3 25
$17.0M
$-10.4M
Q2 25
$10.0M
$-7.5M
Q1 25
$15.1M
$-10.9M
Q4 24
$16.3M
Q3 24
$-95.7M
$-8.1M
Q2 24
$15.8M
$5.5M
Q1 24
$3.3M
$-8.1M
Gross Margin
MOFG
MOFG
PACK
PACK
Q4 25
39.0%
Q3 25
41.1%
Q2 25
37.1%
Q1 25
39.8%
Q4 24
45.2%
Q3 24
43.8%
Q2 24
43.5%
Q1 24
44.6%
Operating Margin
MOFG
MOFG
PACK
PACK
Q4 25
-1.0%
Q3 25
35.1%
-6.8%
Q2 25
20.9%
-12.5%
Q1 25
34.0%
-10.3%
Q4 24
43.1%
1.5%
Q3 24
-347.0%
-5.3%
Q2 24
36.0%
-7.1%
Q1 24
9.5%
-6.6%
Net Margin
MOFG
MOFG
PACK
PACK
Q4 25
Q3 25
27.8%
-12.4%
Q2 25
16.6%
-9.6%
Q1 25
26.3%
-14.0%
Q4 24
33.4%
Q3 24
-255.1%
-10.3%
Q2 24
27.3%
7.6%
Q1 24
7.3%
-11.2%
EPS (diluted)
MOFG
MOFG
PACK
PACK
Q4 25
$-0.11
Q3 25
$0.82
$-0.12
Q2 25
$0.48
$-0.09
Q1 25
$0.73
$-0.13
Q4 24
$1.30
$-0.13
Q3 24
$-6.05
$-0.10
Q2 24
$1.00
$0.07
Q1 24
$0.21
$-0.10

Balance Sheet & Financial Strength

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

Metric
MOFG
MOFG
PACK
PACK
Cash + ST InvestmentsLiquidity on hand
$63.0M
Total DebtLower is stronger
$98.0M
$401.9M
Stockholders' EquityBook value
$606.1M
$534.9M
Total Assets
$6.2B
$1.1B
Debt / EquityLower = less leverage
0.16×
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MOFG
MOFG
PACK
PACK
Q4 25
$63.0M
Q3 25
$49.9M
Q2 25
$49.2M
Q1 25
$65.5M
Q4 24
$76.1M
Q3 24
$69.5M
Q2 24
$65.1M
Q1 24
$55.1M
Total Debt
MOFG
MOFG
PACK
PACK
Q4 25
$401.9M
Q3 25
$98.0M
$403.1M
Q2 25
$112.3M
$403.1M
Q1 25
$111.4M
$405.2M
Q4 24
$113.4M
$406.4M
Q3 24
$115.1M
$403.2M
Q2 24
$114.8M
$396.1M
Q1 24
$122.1M
$396.7M
Stockholders' Equity
MOFG
MOFG
PACK
PACK
Q4 25
$534.9M
Q3 25
$606.1M
$537.8M
Q2 25
$589.0M
$539.0M
Q1 25
$579.6M
$544.1M
Q4 24
$559.7M
$548.1M
Q3 24
$562.2M
$564.3M
Q2 24
$543.3M
$566.2M
Q1 24
$528.0M
$560.0M
Total Assets
MOFG
MOFG
PACK
PACK
Q4 25
$1.1B
Q3 25
$6.2B
$1.1B
Q2 25
$6.2B
$1.1B
Q1 25
$6.3B
$1.1B
Q4 24
$6.2B
$1.1B
Q3 24
$6.6B
$1.1B
Q2 24
$6.6B
$1.1B
Q1 24
$6.7B
$1.1B
Debt / Equity
MOFG
MOFG
PACK
PACK
Q4 25
0.75×
Q3 25
0.16×
0.75×
Q2 25
0.19×
0.75×
Q1 25
0.19×
0.74×
Q4 24
0.20×
0.74×
Q3 24
0.20×
0.71×
Q2 24
0.21×
0.70×
Q1 24
0.23×
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
MOFG
MOFG
PACK
PACK
Operating Cash FlowLast quarter
$17.7M
$19.5M
Free Cash FlowOCF − Capex
$16.7M
FCF MarginFCF / Revenue
27.3%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
1.04×
TTM Free Cash FlowTrailing 4 quarters
$109.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MOFG
MOFG
PACK
PACK
Q4 25
$19.5M
Q3 25
$17.7M
$8.5M
Q2 25
$24.9M
$-3.6M
Q1 25
$8.7M
$-1.3M
Q4 24
$63.2M
$6.5M
Q3 24
$-2.8M
$10.1M
Q2 24
$25.2M
$19.6M
Q1 24
$9.6M
$5.2M
Free Cash Flow
MOFG
MOFG
PACK
PACK
Q4 25
Q3 25
$16.7M
Q2 25
$23.8M
Q1 25
$8.3M
Q4 24
$60.8M
Q3 24
$-3.0M
Q2 24
$24.6M
Q1 24
$9.1M
FCF Margin
MOFG
MOFG
PACK
PACK
Q4 25
Q3 25
27.3%
Q2 25
39.5%
Q1 25
14.4%
Q4 24
124.2%
Q3 24
-7.9%
Q2 24
42.5%
Q1 24
20.4%
Capex Intensity
MOFG
MOFG
PACK
PACK
Q4 25
Q3 25
1.5%
Q2 25
1.9%
Q1 25
0.7%
Q4 24
4.9%
Q3 24
0.6%
Q2 24
1.1%
Q1 24
1.2%
Cash Conversion
MOFG
MOFG
PACK
PACK
Q4 25
Q3 25
1.04×
Q2 25
2.50×
Q1 25
0.57×
Q4 24
3.87×
Q3 24
Q2 24
1.60×
3.56×
Q1 24
2.93×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MOFG
MOFG

Segment breakdown not available.

PACK
PACK

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

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