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Side-by-side financial comparison of NETSTREIT Corp. (NTST) 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 $57.1M, roughly 1.6× NETSTREIT Corp.). On growth, NETSTREIT Corp. posted the faster year-over-year revenue change (24.3% vs 2.3%). Over the past eight quarters, NETSTREIT Corp.'s revenue compounded faster (20.1% CAGR vs 13.7%).
NETSTREIT Corp. is a US-headquartered real estate investment trust (REIT) that specializes in acquiring and operating a diversified portfolio of single-tenant net lease commercial properties. Its asset portfolio covers retail, industrial and office categories, primarily catering to investment-grade corporate tenants across the United States market.
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...
NTST vs PACK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $57.1M | $93.7M |
| Net Profit | $5.7M | — |
| Gross Margin | — | 39.0% |
| Operating Margin | — | -1.0% |
| Net Margin | 10.0% | — |
| Revenue YoY | 24.3% | 2.3% |
| Net Profit YoY | 235.9% | — |
| EPS (diluted) | $0.32 | $-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.
| Q1 26 | $57.1M | — | ||
| Q4 25 | $52.5M | $93.7M | ||
| Q3 25 | $48.3M | $83.6M | ||
| Q2 25 | $48.3M | $77.8M | ||
| Q1 25 | $45.9M | $77.6M | ||
| Q4 24 | $44.1M | $91.6M | ||
| Q3 24 | $41.4M | $78.6M | ||
| Q2 24 | $39.6M | $72.8M |
| Q1 26 | $5.7M | — | ||
| Q4 25 | $1.3M | — | ||
| Q3 25 | $618.0K | $-10.4M | ||
| Q2 25 | $3.3M | $-7.5M | ||
| Q1 25 | $1.7M | $-10.9M | ||
| Q4 24 | $-5.4M | — | ||
| Q3 24 | $-5.3M | $-8.1M | ||
| Q2 24 | $-2.3M | $5.5M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 2.6% | -1.0% | ||
| Q3 25 | 1.3% | -6.8% | ||
| Q2 25 | 6.8% | -12.5% | ||
| Q1 25 | 3.7% | -10.3% | ||
| Q4 24 | -12.3% | 1.5% | ||
| Q3 24 | -12.8% | -5.3% | ||
| Q2 24 | -5.8% | -7.1% |
| Q1 26 | 10.0% | — | ||
| Q4 25 | 2.5% | — | ||
| Q3 25 | 1.3% | -12.4% | ||
| Q2 25 | 6.8% | -9.6% | ||
| Q1 25 | 3.7% | -14.0% | ||
| Q4 24 | -12.3% | — | ||
| Q3 24 | -12.8% | -10.3% | ||
| Q2 24 | -5.8% | 7.6% |
| Q1 26 | $0.32 | — | ||
| Q4 25 | $0.01 | $-0.11 | ||
| Q3 25 | $0.01 | $-0.12 | ||
| Q2 25 | $0.04 | $-0.09 | ||
| Q1 25 | $0.02 | $-0.13 | ||
| Q4 24 | $-0.07 | $-0.13 | ||
| Q3 24 | $-0.07 | $-0.10 | ||
| Q2 24 | $-0.03 | $0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $63.0M |
| Total DebtLower is stronger | — | $401.9M |
| Stockholders' EquityBook value | $1.5B | $534.9M |
| Total Assets | $2.8B | $1.1B |
| Debt / EquityLower = less leverage | — | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | $1.1B | $401.9M | ||
| Q3 25 | $1.1B | $403.1M | ||
| Q2 25 | $926.6M | $403.1M | ||
| Q1 25 | $913.3M | $405.2M | ||
| Q4 24 | $868.3M | $406.4M | ||
| Q3 24 | $778.7M | $403.2M | ||
| Q2 24 | $726.2M | $396.1M |
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.4B | $534.9M | ||
| Q3 25 | $1.3B | $537.8M | ||
| Q2 25 | $1.3B | $539.0M | ||
| Q1 25 | $1.3B | $544.1M | ||
| Q4 24 | $1.3B | $548.1M | ||
| Q3 24 | $1.3B | $564.3M | ||
| Q2 24 | $1.3B | $566.2M |
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.6B | $1.1B | ||
| Q3 25 | $2.5B | $1.1B | ||
| Q2 25 | $2.3B | $1.1B | ||
| Q1 25 | $2.3B | $1.1B | ||
| Q4 24 | $2.3B | $1.1B | ||
| Q3 24 | $2.2B | $1.1B | ||
| Q2 24 | $2.1B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | 0.76× | 0.75× | ||
| Q3 25 | 0.84× | 0.75× | ||
| Q2 25 | 0.70× | 0.75× | ||
| Q1 25 | 0.70× | 0.74× | ||
| Q4 24 | 0.65× | 0.74× | ||
| Q3 24 | 0.58× | 0.71× | ||
| Q2 24 | 0.55× | 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 | | |
|---|---|---|
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $109.5M | $19.5M | ||
| Q3 25 | $28.0M | $8.5M | ||
| Q2 25 | $30.6M | $-3.6M | ||
| Q1 25 | $22.1M | $-1.3M | ||
| Q4 24 | $90.2M | $6.5M | ||
| Q3 24 | $25.1M | $10.1M | ||
| Q2 24 | $25.4M | $19.6M |
| Q1 26 | — | — | ||
| Q4 25 | 82.46× | — | ||
| Q3 25 | 45.27× | — | ||
| Q2 25 | 9.36× | — | ||
| Q1 25 | 13.06× | — | ||
| 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
NTST
| Rental revenue (including reimbursable) | $54.0M | 95% |
| Other | $3.0M | 5% |
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
