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

N-able, Inc. is the larger business by last-quarter revenue ($130.3M vs $93.7M, roughly 1.4× Ranpak Holdings Corp.). On growth, N-able, Inc. posted the faster year-over-year revenue change (11.8% vs 2.3%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs 7.0%).

Able UK is a British industrial services company specialising in decommissioning of ships and offshore installations.

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...

NABL vs PACK — Head-to-Head

Bigger by revenue
NABL
NABL
1.4× larger
NABL
$130.3M
$93.7M
PACK
Growing faster (revenue YoY)
NABL
NABL
+9.5% gap
NABL
11.8%
2.3%
PACK
Faster 2-yr revenue CAGR
PACK
PACK
Annualised
PACK
13.7%
7.0%
NABL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NABL
NABL
PACK
PACK
Revenue
$130.3M
$93.7M
Net Profit
Gross Margin
76.2%
39.0%
Operating Margin
10.2%
-1.0%
Net Margin
Revenue YoY
11.8%
2.3%
Net Profit YoY
EPS (diluted)
$-0.04
$-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
NABL
NABL
PACK
PACK
Q4 25
$130.3M
$93.7M
Q3 25
$131.7M
$83.6M
Q2 25
$131.2M
$77.8M
Q1 25
$118.2M
$77.6M
Q4 24
$116.5M
$91.6M
Q3 24
$116.4M
$78.6M
Q2 24
$119.4M
$72.8M
Q1 24
$113.7M
$72.5M
Net Profit
NABL
NABL
PACK
PACK
Q4 25
Q3 25
$1.4M
$-10.4M
Q2 25
$-4.0M
$-7.5M
Q1 25
$-7.2M
$-10.9M
Q4 24
Q3 24
$10.8M
$-8.1M
Q2 24
$9.5M
$5.5M
Q1 24
$7.5M
$-8.1M
Gross Margin
NABL
NABL
PACK
PACK
Q4 25
76.2%
39.0%
Q3 25
77.5%
41.1%
Q2 25
78.1%
37.1%
Q1 25
76.6%
39.8%
Q4 24
80.0%
45.2%
Q3 24
82.9%
43.8%
Q2 24
84.0%
43.5%
Q1 24
83.9%
44.6%
Operating Margin
NABL
NABL
PACK
PACK
Q4 25
10.2%
-1.0%
Q3 25
8.8%
-6.8%
Q2 25
7.7%
-12.5%
Q1 25
1.5%
-10.3%
Q4 24
13.7%
1.5%
Q3 24
20.5%
-5.3%
Q2 24
18.4%
-7.1%
Q1 24
18.0%
-6.6%
Net Margin
NABL
NABL
PACK
PACK
Q4 25
Q3 25
1.1%
-12.4%
Q2 25
-3.1%
-9.6%
Q1 25
-6.1%
-14.0%
Q4 24
Q3 24
9.2%
-10.3%
Q2 24
7.9%
7.6%
Q1 24
6.6%
-11.2%
EPS (diluted)
NABL
NABL
PACK
PACK
Q4 25
$-0.04
$-0.11
Q3 25
$0.01
$-0.12
Q2 25
$-0.02
$-0.09
Q1 25
$-0.04
$-0.13
Q4 24
$0.01
$-0.13
Q3 24
$0.06
$-0.10
Q2 24
$0.05
$0.07
Q1 24
$0.04
$-0.10

Balance Sheet & Financial Strength

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

Metric
NABL
NABL
PACK
PACK
Cash + ST InvestmentsLiquidity on hand
$111.8M
$63.0M
Total DebtLower is stronger
$393.9M
$401.9M
Stockholders' EquityBook value
$804.7M
$534.9M
Total Assets
$1.4B
$1.1B
Debt / EquityLower = less leverage
0.49×
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NABL
NABL
PACK
PACK
Q4 25
$111.8M
$63.0M
Q3 25
$101.4M
$49.9M
Q2 25
$93.9M
$49.2M
Q1 25
$94.1M
$65.5M
Q4 24
$85.2M
$76.1M
Q3 24
$174.4M
$69.5M
Q2 24
$157.5M
$65.1M
Q1 24
$139.2M
$55.1M
Total Debt
NABL
NABL
PACK
PACK
Q4 25
$393.9M
$401.9M
Q3 25
$331.7M
$403.1M
Q2 25
$332.1M
$403.1M
Q1 25
$332.6M
$405.2M
Q4 24
$333.1M
$406.4M
Q3 24
$333.6M
$403.2M
Q2 24
$334.1M
$396.1M
Q1 24
$334.5M
$396.7M
Stockholders' Equity
NABL
NABL
PACK
PACK
Q4 25
$804.7M
$534.9M
Q3 25
$813.4M
$537.8M
Q2 25
$809.4M
$539.0M
Q1 25
$775.1M
$544.1M
Q4 24
$759.3M
$548.1M
Q3 24
$765.0M
$564.3M
Q2 24
$724.4M
$566.2M
Q1 24
$709.1M
$560.0M
Total Assets
NABL
NABL
PACK
PACK
Q4 25
$1.4B
$1.1B
Q3 25
$1.4B
$1.1B
Q2 25
$1.4B
$1.1B
Q1 25
$1.4B
$1.1B
Q4 24
$1.3B
$1.1B
Q3 24
$1.2B
$1.1B
Q2 24
$1.2B
$1.1B
Q1 24
$1.1B
$1.1B
Debt / Equity
NABL
NABL
PACK
PACK
Q4 25
0.49×
0.75×
Q3 25
0.41×
0.75×
Q2 25
0.41×
0.75×
Q1 25
0.43×
0.74×
Q4 24
0.44×
0.74×
Q3 24
0.44×
0.71×
Q2 24
0.46×
0.70×
Q1 24
0.47×
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
NABL
NABL
PACK
PACK
Operating Cash FlowLast quarter
$25.3M
$19.5M
Free Cash FlowOCF − Capex
$20.9M
FCF MarginFCF / Revenue
16.0%
Capex IntensityCapex / Revenue
3.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$75.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NABL
NABL
PACK
PACK
Q4 25
$25.3M
$19.5M
Q3 25
$24.0M
$8.5M
Q2 25
$24.2M
$-3.6M
Q1 25
$19.7M
$-1.3M
Q4 24
$26.0M
$6.5M
Q3 24
$22.0M
$10.1M
Q2 24
$27.3M
$19.6M
Q1 24
$4.2M
$5.2M
Free Cash Flow
NABL
NABL
PACK
PACK
Q4 25
$20.9M
Q3 25
$17.4M
Q2 25
$20.4M
Q1 25
$16.4M
Q4 24
$18.8M
Q3 24
$18.2M
Q2 24
$24.0M
Q1 24
$746.0K
FCF Margin
NABL
NABL
PACK
PACK
Q4 25
16.0%
Q3 25
13.2%
Q2 25
15.5%
Q1 25
13.9%
Q4 24
16.2%
Q3 24
15.7%
Q2 24
20.1%
Q1 24
0.7%
Capex Intensity
NABL
NABL
PACK
PACK
Q4 25
3.4%
Q3 25
5.0%
Q2 25
2.9%
Q1 25
2.8%
Q4 24
6.1%
Q3 24
3.2%
Q2 24
2.7%
Q1 24
3.0%
Cash Conversion
NABL
NABL
PACK
PACK
Q4 25
Q3 25
17.36×
Q2 25
Q1 25
Q4 24
Q3 24
2.04×
Q2 24
2.89×
3.56×
Q1 24
0.56×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NABL
NABL

Transferred Over Time$121.9M94%
Transferred At Point In Time$8.4M6%
Other Revenue$1.3M1%

PACK
PACK

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

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