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

NETGEAR, INC. is the larger business by last-quarter revenue ($182.5M vs $93.7M, roughly 1.9× Ranpak Holdings Corp.). On growth, Ranpak Holdings Corp. posted the faster year-over-year revenue change (2.3% vs 0.0%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs 5.3%).

Netgear, Inc., is an American computer networking company based in San Jose, California, with offices in about 22 other countries. It produces networking hardware for consumers, businesses, and service providers. The company operates in three business segments: retail, commercial, and as a service provider.

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...

NTGR vs PACK — Head-to-Head

Bigger by revenue
NTGR
NTGR
1.9× larger
NTGR
$182.5M
$93.7M
PACK
Growing faster (revenue YoY)
PACK
PACK
+2.3% gap
PACK
2.3%
0.0%
NTGR
Faster 2-yr revenue CAGR
PACK
PACK
Annualised
PACK
13.7%
5.3%
NTGR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NTGR
NTGR
PACK
PACK
Revenue
$182.5M
$93.7M
Net Profit
Gross Margin
40.4%
39.0%
Operating Margin
-2.6%
-1.0%
Net Margin
Revenue YoY
0.0%
2.3%
Net Profit YoY
EPS (diluted)
$-0.03
$-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
NTGR
NTGR
PACK
PACK
Q4 25
$182.5M
$93.7M
Q3 25
$184.6M
$83.6M
Q2 25
$170.5M
$77.8M
Q1 25
$162.1M
$77.6M
Q4 24
$182.4M
$91.6M
Q3 24
$182.9M
$78.6M
Q2 24
$143.9M
$72.8M
Q1 24
$164.6M
$72.5M
Net Profit
NTGR
NTGR
PACK
PACK
Q4 25
Q3 25
$-4.8M
$-10.4M
Q2 25
$-6.4M
$-7.5M
Q1 25
$-6.0M
$-10.9M
Q4 24
$-8.9M
Q3 24
$85.1M
$-8.1M
Q2 24
$-45.2M
$5.5M
Q1 24
$-18.6M
$-8.1M
Gross Margin
NTGR
NTGR
PACK
PACK
Q4 25
40.4%
39.0%
Q3 25
39.1%
41.1%
Q2 25
37.5%
37.1%
Q1 25
34.8%
39.8%
Q4 24
32.6%
45.2%
Q3 24
30.9%
43.8%
Q2 24
22.1%
43.5%
Q1 24
29.3%
44.6%
Operating Margin
NTGR
NTGR
PACK
PACK
Q4 25
-2.6%
-1.0%
Q3 25
-3.8%
-6.8%
Q2 25
-5.6%
-12.5%
Q1 25
-7.9%
-10.3%
Q4 24
-8.3%
1.5%
Q3 24
52.4%
-5.3%
Q2 24
-32.6%
-7.1%
Q1 24
-13.2%
-6.6%
Net Margin
NTGR
NTGR
PACK
PACK
Q4 25
Q3 25
-2.6%
-12.4%
Q2 25
-3.8%
-9.6%
Q1 25
-3.7%
-14.0%
Q4 24
-4.9%
Q3 24
46.5%
-10.3%
Q2 24
-31.4%
7.6%
Q1 24
-11.3%
-11.2%
EPS (diluted)
NTGR
NTGR
PACK
PACK
Q4 25
$-0.03
$-0.11
Q3 25
$-0.17
$-0.12
Q2 25
$-0.22
$-0.09
Q1 25
$-0.21
$-0.13
Q4 24
$-0.29
$-0.13
Q3 24
$2.90
$-0.10
Q2 24
$-1.56
$0.07
Q1 24
$-0.63
$-0.10

Balance Sheet & Financial Strength

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

Metric
NTGR
NTGR
PACK
PACK
Cash + ST InvestmentsLiquidity on hand
$323.0M
$63.0M
Total DebtLower is stronger
$401.9M
Stockholders' EquityBook value
$497.8M
$534.9M
Total Assets
$836.3M
$1.1B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NTGR
NTGR
PACK
PACK
Q4 25
$323.0M
$63.0M
Q3 25
$326.4M
$49.9M
Q2 25
$363.5M
$49.2M
Q1 25
$391.9M
$65.5M
Q4 24
$408.7M
$76.1M
Q3 24
$395.7M
$69.5M
Q2 24
$294.3M
$65.1M
Q1 24
$289.4M
$55.1M
Total Debt
NTGR
NTGR
PACK
PACK
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
Q1 24
$396.7M
Stockholders' Equity
NTGR
NTGR
PACK
PACK
Q4 25
$497.8M
$534.9M
Q3 25
$506.8M
$537.8M
Q2 25
$523.2M
$539.0M
Q1 25
$534.2M
$544.1M
Q4 24
$541.1M
$548.1M
Q3 24
$550.3M
$564.3M
Q2 24
$459.4M
$566.2M
Q1 24
$511.4M
$560.0M
Total Assets
NTGR
NTGR
PACK
PACK
Q4 25
$836.3M
$1.1B
Q3 25
$810.8M
$1.1B
Q2 25
$803.5M
$1.1B
Q1 25
$814.2M
$1.1B
Q4 24
$850.2M
$1.1B
Q3 24
$862.6M
$1.1B
Q2 24
$754.1M
$1.1B
Q1 24
$801.3M
$1.1B
Debt / Equity
NTGR
NTGR
PACK
PACK
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×
Q1 24
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
NTGR
NTGR
PACK
PACK
Operating Cash FlowLast quarter
$19.5M
$19.5M
Free Cash FlowOCF − Capex
$13.6M
FCF MarginFCF / Revenue
7.5%
Capex IntensityCapex / Revenue
3.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-18.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NTGR
NTGR
PACK
PACK
Q4 25
$19.5M
$19.5M
Q3 25
$-7.4M
$8.5M
Q2 25
$-1.8M
$-3.6M
Q1 25
$-8.7M
$-1.3M
Q4 24
$21.5M
$6.5M
Q3 24
$107.7M
$10.1M
Q2 24
$18.4M
$19.6M
Q1 24
$17.2M
$5.2M
Free Cash Flow
NTGR
NTGR
PACK
PACK
Q4 25
$13.6M
Q3 25
$-17.1M
Q2 25
$-5.3M
Q1 25
$-10.1M
Q4 24
$19.0M
Q3 24
$106.0M
Q2 24
$16.1M
Q1 24
$14.7M
FCF Margin
NTGR
NTGR
PACK
PACK
Q4 25
7.5%
Q3 25
-9.3%
Q2 25
-3.1%
Q1 25
-6.3%
Q4 24
10.4%
Q3 24
58.0%
Q2 24
11.2%
Q1 24
8.9%
Capex Intensity
NTGR
NTGR
PACK
PACK
Q4 25
3.2%
Q3 25
5.3%
Q2 25
2.1%
Q1 25
0.9%
Q4 24
1.4%
Q3 24
0.9%
Q2 24
1.6%
Q1 24
1.5%
Cash Conversion
NTGR
NTGR
PACK
PACK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
1.27×
Q2 24
3.56×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

NTGR
NTGR

Other$93.4M51%
Sales Channel Directly To Consumer$89.1M49%

PACK
PACK

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

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