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Side-by-side financial comparison of NPK International Inc. (NPKI) 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 $75.2M, roughly 1.2× NPK International Inc.). On growth, NPK International Inc. posted the faster year-over-year revenue change (30.7% vs 2.3%). Over the past eight quarters, NPK International Inc.'s revenue compounded faster (23.9% CAGR vs 13.7%).
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...
NPKI vs PACK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.2M | $93.7M |
| Net Profit | — | — |
| Gross Margin | 37.7% | 39.0% |
| Operating Margin | 16.7% | -1.0% |
| Net Margin | — | — |
| Revenue YoY | 30.7% | 2.3% |
| Net Profit YoY | — | — |
| EPS (diluted) | $0.17 | $-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.
| Q4 25 | $75.2M | $93.7M | ||
| Q3 25 | $68.8M | $83.6M | ||
| Q2 25 | $68.2M | $77.8M | ||
| Q1 25 | $64.8M | $77.6M | ||
| Q4 24 | $57.5M | $91.6M | ||
| Q3 24 | $44.2M | $78.6M | ||
| Q2 24 | $66.8M | $72.8M | ||
| Q1 24 | $49.0M | $72.5M |
| Q4 25 | — | — | ||
| Q3 25 | $5.7M | $-10.4M | ||
| Q2 25 | $8.7M | $-7.5M | ||
| Q1 25 | $10.0M | $-10.9M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-174.3M | $-8.1M | ||
| Q2 24 | $8.0M | $5.5M | ||
| Q1 24 | $7.3M | $-8.1M |
| Q4 25 | 37.7% | 39.0% | ||
| Q3 25 | 31.9% | 41.1% | ||
| Q2 25 | 36.9% | 37.1% | ||
| Q1 25 | 39.0% | 39.8% | ||
| Q4 24 | 39.2% | 45.2% | ||
| Q3 24 | 27.5% | 43.8% | ||
| Q2 24 | 37.2% | 43.5% | ||
| Q1 24 | 36.0% | 44.6% |
| Q4 25 | 16.7% | -1.0% | ||
| Q3 25 | 13.2% | -6.8% | ||
| Q2 25 | 17.0% | -12.5% | ||
| Q1 25 | 20.9% | -10.3% | ||
| Q4 24 | 20.2% | 1.5% | ||
| Q3 24 | 2.8% | -5.3% | ||
| Q2 24 | 18.7% | -7.1% | ||
| Q1 24 | 14.2% | -6.6% |
| Q4 25 | — | — | ||
| Q3 25 | 8.2% | -12.4% | ||
| Q2 25 | 12.7% | -9.6% | ||
| Q1 25 | 15.4% | -14.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | -394.3% | -10.3% | ||
| Q2 24 | 12.0% | 7.6% | ||
| Q1 24 | 14.9% | -11.2% |
| Q4 25 | $0.17 | $-0.11 | ||
| Q3 25 | $0.07 | $-0.12 | ||
| Q2 25 | $0.10 | $-0.09 | ||
| Q1 25 | $0.11 | $-0.13 | ||
| Q4 24 | $0.10 | $-0.13 | ||
| Q3 24 | $-1.99 | $-0.10 | ||
| Q2 24 | $0.09 | $0.07 | ||
| Q1 24 | $0.08 | $-0.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $5.1M | $63.0M |
| Total DebtLower is stronger | $16.9M | $401.9M |
| Stockholders' EquityBook value | $351.2M | $534.9M |
| Total Assets | $441.8M | $1.1B |
| Debt / EquityLower = less leverage | 0.05× | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.1M | $63.0M | ||
| Q3 25 | $35.6M | $49.9M | ||
| Q2 25 | $26.0M | $49.2M | ||
| Q1 25 | $20.8M | $65.5M | ||
| Q4 24 | $17.8M | $76.1M | ||
| Q3 24 | $42.9M | $69.5M | ||
| Q2 24 | $35.1M | $65.1M | ||
| Q1 24 | $37.7M | $55.1M |
| Q4 25 | $16.9M | $401.9M | ||
| Q3 25 | $9.5M | $403.1M | ||
| Q2 25 | $9.3M | $403.1M | ||
| Q1 25 | $8.1M | $405.2M | ||
| Q4 24 | $7.7M | $406.4M | ||
| Q3 24 | $14.0M | $403.2M | ||
| Q2 24 | $58.0M | $396.1M | ||
| Q1 24 | $77.4M | $396.7M |
| Q4 25 | $351.2M | $534.9M | ||
| Q3 25 | $333.9M | $537.8M | ||
| Q2 25 | $328.8M | $539.0M | ||
| Q1 25 | $326.9M | $544.1M | ||
| Q4 24 | $326.5M | $548.1M | ||
| Q3 24 | $316.5M | $564.3M | ||
| Q2 24 | $426.6M | $566.2M | ||
| Q1 24 | $421.6M | $560.0M |
| Q4 25 | $441.8M | $1.1B | ||
| Q3 25 | $404.5M | $1.1B | ||
| Q2 25 | $393.7M | $1.1B | ||
| Q1 25 | $390.0M | $1.1B | ||
| Q4 24 | $393.7M | $1.1B | ||
| Q3 24 | $389.6M | $1.1B | ||
| Q2 24 | $624.8M | $1.1B | ||
| Q1 24 | $640.8M | $1.1B |
| Q4 25 | 0.05× | 0.75× | ||
| Q3 25 | 0.03× | 0.75× | ||
| Q2 25 | 0.03× | 0.75× | ||
| Q1 25 | 0.02× | 0.74× | ||
| Q4 24 | 0.02× | 0.74× | ||
| Q3 24 | 0.04× | 0.71× | ||
| Q2 24 | 0.14× | 0.70× | ||
| Q1 24 | 0.18× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $18.0M | $19.5M |
| Free Cash FlowOCF − Capex | $5.8M | — |
| FCF MarginFCF / Revenue | 7.6% | — |
| Capex IntensityCapex / Revenue | 16.3% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $26.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.0M | $19.5M | ||
| Q3 25 | $24.7M | $8.5M | ||
| Q2 25 | $21.4M | $-3.6M | ||
| Q1 25 | $8.8M | $-1.3M | ||
| Q4 24 | $-4.1M | $6.5M | ||
| Q3 24 | $2.8M | $10.1M | ||
| Q2 24 | $27.6M | $19.6M | ||
| Q1 24 | $11.9M | $5.2M |
| Q4 25 | $5.8M | — | ||
| Q3 25 | $12.0M | — | ||
| Q2 25 | $9.7M | — | ||
| Q1 25 | $-1.2M | — | ||
| Q4 24 | $-17.7M | — | ||
| Q3 24 | $-6.7M | — | ||
| Q2 24 | $21.0M | — | ||
| Q1 24 | $-1.9M | — |
| Q4 25 | 7.6% | — | ||
| Q3 25 | 17.4% | — | ||
| Q2 25 | 14.3% | — | ||
| Q1 25 | -1.8% | — | ||
| Q4 24 | -30.8% | — | ||
| Q3 24 | -15.2% | — | ||
| Q2 24 | 31.4% | — | ||
| Q1 24 | -3.9% | — |
| Q4 25 | 16.3% | — | ||
| Q3 25 | 18.5% | — | ||
| Q2 25 | 17.1% | — | ||
| Q1 25 | 15.5% | — | ||
| Q4 24 | 23.6% | — | ||
| Q3 24 | 21.4% | — | ||
| Q2 24 | 9.9% | — | ||
| Q1 24 | 28.3% | — |
| Q4 25 | — | — | ||
| Q3 25 | 4.37× | — | ||
| Q2 25 | 2.47× | — | ||
| Q1 25 | 0.88× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.43× | 3.56× | ||
| Q1 24 | 1.64× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NPKI
| Rental Revenue | $34.8M | 46% |
| Products | $25.5M | 34% |
| Services | $14.9M | 20% |
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
