vs

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

MAXLINEAR, INC is the larger business by last-quarter revenue ($137.2M vs $93.7M, roughly 1.5× Ranpak Holdings Corp.). On growth, MAXLINEAR, INC posted the faster year-over-year revenue change (43.0% vs 2.3%). Over the past eight quarters, MAXLINEAR, INC's revenue compounded faster (22.1% CAGR vs 13.7%).

MaxLinear, Inc. is an American electronic hardware company. Founded in 2003, it provides highly integrated radio-frequency (RF) analog and mixed-signal semiconductor products for broadband communications applications. It is a New York Stock Exchange-traded company.

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...

MXL vs PACK — Head-to-Head

Bigger by revenue
MXL
MXL
1.5× larger
MXL
$137.2M
$93.7M
PACK
Growing faster (revenue YoY)
MXL
MXL
+40.7% gap
MXL
43.0%
2.3%
PACK
Faster 2-yr revenue CAGR
MXL
MXL
Annualised
MXL
22.1%
13.7%
PACK

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MXL
MXL
PACK
PACK
Revenue
$137.2M
$93.7M
Net Profit
$-45.1M
Gross Margin
57.5%
39.0%
Operating Margin
30.0%
-1.0%
Net Margin
-32.9%
Revenue YoY
43.0%
2.3%
Net Profit YoY
-203.0%
EPS (diluted)
$-0.52
$-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
MXL
MXL
PACK
PACK
Q1 26
$137.2M
Q4 25
$136.4M
$93.7M
Q3 25
$126.5M
$83.6M
Q2 25
$108.8M
$77.8M
Q1 25
$95.9M
$77.6M
Q4 24
$92.2M
$91.6M
Q3 24
$81.1M
$78.6M
Q2 24
$92.0M
$72.8M
Net Profit
MXL
MXL
PACK
PACK
Q1 26
$-45.1M
Q4 25
$-14.9M
Q3 25
$-45.5M
$-10.4M
Q2 25
$-26.6M
$-7.5M
Q1 25
$-49.7M
$-10.9M
Q4 24
$-57.8M
Q3 24
$-75.8M
$-8.1M
Q2 24
$-39.3M
$5.5M
Gross Margin
MXL
MXL
PACK
PACK
Q1 26
57.5%
Q4 25
57.6%
39.0%
Q3 25
56.9%
41.1%
Q2 25
56.5%
37.1%
Q1 25
56.1%
39.8%
Q4 24
55.6%
45.2%
Q3 24
54.4%
43.8%
Q2 24
54.6%
43.5%
Operating Margin
MXL
MXL
PACK
PACK
Q1 26
30.0%
Q4 25
-10.9%
-1.0%
Q3 25
-32.7%
-6.8%
Q2 25
-22.6%
-12.5%
Q1 25
-48.0%
-10.3%
Q4 24
-44.7%
1.5%
Q3 24
-82.3%
-5.3%
Q2 24
-44.4%
-7.1%
Net Margin
MXL
MXL
PACK
PACK
Q1 26
-32.9%
Q4 25
-10.9%
Q3 25
-36.0%
-12.4%
Q2 25
-24.4%
-9.6%
Q1 25
-51.8%
-14.0%
Q4 24
-62.8%
Q3 24
-93.4%
-10.3%
Q2 24
-42.7%
7.6%
EPS (diluted)
MXL
MXL
PACK
PACK
Q1 26
$-0.52
Q4 25
$-0.17
$-0.11
Q3 25
$-0.52
$-0.12
Q2 25
$-0.31
$-0.09
Q1 25
$-0.58
$-0.13
Q4 24
$-0.68
$-0.13
Q3 24
$-0.90
$-0.10
Q2 24
$-0.47
$0.07

Balance Sheet & Financial Strength

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

Metric
MXL
MXL
PACK
PACK
Cash + ST InvestmentsLiquidity on hand
$61.1M
$63.0M
Total DebtLower is stronger
$123.8M
$401.9M
Stockholders' EquityBook value
$454.2M
$534.9M
Total Assets
$771.3M
$1.1B
Debt / EquityLower = less leverage
0.27×
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MXL
MXL
PACK
PACK
Q1 26
$61.1M
Q4 25
$72.8M
$63.0M
Q3 25
$111.9M
$49.9M
Q2 25
$108.6M
$49.2M
Q1 25
$102.8M
$65.5M
Q4 24
$118.6M
$76.1M
Q3 24
$148.5M
$69.5M
Q2 24
$185.1M
$65.1M
Total Debt
MXL
MXL
PACK
PACK
Q1 26
$123.8M
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
MXL
MXL
PACK
PACK
Q1 26
$454.2M
Q4 25
$451.9M
$534.9M
Q3 25
$464.7M
$537.8M
Q2 25
$488.3M
$539.0M
Q1 25
$493.2M
$544.1M
Q4 24
$516.3M
$548.1M
Q3 24
$556.9M
$564.3M
Q2 24
$617.3M
$566.2M
Total Assets
MXL
MXL
PACK
PACK
Q1 26
$771.3M
Q4 25
$796.4M
$1.1B
Q3 25
$808.1M
$1.1B
Q2 25
$863.7M
$1.1B
Q1 25
$855.3M
$1.1B
Q4 24
$864.6M
$1.1B
Q3 24
$895.3M
$1.1B
Q2 24
$973.2M
$1.1B
Debt / Equity
MXL
MXL
PACK
PACK
Q1 26
0.27×
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
MXL
MXL
PACK
PACK
Operating Cash FlowLast quarter
$19.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MXL
MXL
PACK
PACK
Q1 26
Q4 25
$10.4M
$19.5M
Q3 25
$10.1M
$8.5M
Q2 25
$10.5M
$-3.6M
Q1 25
$-11.4M
$-1.3M
Q4 24
$-27.8M
$6.5M
Q3 24
$-30.7M
$10.1M
Q2 24
$-2.7M
$19.6M
Free Cash Flow
MXL
MXL
PACK
PACK
Q1 26
Q4 25
$6.7M
Q3 25
$4.4M
Q2 25
$9.3M
Q1 25
$-13.4M
Q4 24
$-30.0M
Q3 24
$-34.9M
Q2 24
$-5.7M
FCF Margin
MXL
MXL
PACK
PACK
Q1 26
Q4 25
4.9%
Q3 25
3.5%
Q2 25
8.6%
Q1 25
-14.0%
Q4 24
-32.6%
Q3 24
-43.0%
Q2 24
-6.2%
Capex Intensity
MXL
MXL
PACK
PACK
Q1 26
Q4 25
2.7%
Q3 25
4.5%
Q2 25
1.1%
Q1 25
2.1%
Q4 24
2.4%
Q3 24
5.1%
Q2 24
3.3%
Cash Conversion
MXL
MXL
PACK
PACK
Q1 26
Q4 25
Q3 25
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

MXL
MXL

Segment breakdown not available.

PACK
PACK

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

Related Comparisons