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Side-by-side financial comparison of OIL STATES INTERNATIONAL, INC (OIS) and Ranpak Holdings Corp. (PACK). Click either name above to swap in a different company.
OIL STATES INTERNATIONAL, INC is the larger business by last-quarter revenue ($178.5M vs $93.7M, roughly 1.9× Ranpak Holdings Corp.). On growth, OIL STATES INTERNATIONAL, INC posted the faster year-over-year revenue change (8.4% vs 2.3%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs 3.3%).
Oil States International, Inc. is an American multinational corporation. It focuses on providing services to oil and gas companies. It is a public company listed on the New York Stock Exchange.
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...
OIS vs PACK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $178.5M | $93.7M |
| Net Profit | $-117.2M | — |
| Gross Margin | 10.9% | 39.0% |
| Operating Margin | -63.7% | -1.0% |
| Net Margin | -65.7% | — |
| Revenue YoY | 8.4% | 2.3% |
| Net Profit YoY | -873.2% | — |
| EPS (diluted) | $-1.99 | $-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 | $178.5M | $93.7M | ||
| Q3 25 | $165.2M | $83.6M | ||
| Q2 25 | $165.4M | $77.8M | ||
| Q1 25 | $159.9M | $77.6M | ||
| Q4 24 | $164.6M | $91.6M | ||
| Q3 24 | $174.3M | $78.6M | ||
| Q2 24 | $186.4M | $72.8M | ||
| Q1 24 | $167.3M | $72.5M |
| Q4 25 | $-117.2M | — | ||
| Q3 25 | $1.9M | $-10.4M | ||
| Q2 25 | $2.8M | $-7.5M | ||
| Q1 25 | $3.2M | $-10.9M | ||
| Q4 24 | $15.2M | — | ||
| Q3 24 | $-14.3M | $-8.1M | ||
| Q2 24 | $1.3M | $5.5M | ||
| Q1 24 | $-13.4M | $-8.1M |
| Q4 25 | 10.9% | 39.0% | ||
| Q3 25 | 22.1% | 41.1% | ||
| Q2 25 | 24.2% | 37.1% | ||
| Q1 25 | 23.3% | 39.8% | ||
| Q4 24 | 23.7% | 45.2% | ||
| Q3 24 | 21.7% | 43.8% | ||
| Q2 24 | 23.8% | 43.5% | ||
| Q1 24 | 21.1% | 44.6% |
| Q4 25 | -63.7% | -1.0% | ||
| Q3 25 | 2.9% | -6.8% | ||
| Q2 25 | 3.2% | -12.5% | ||
| Q1 25 | 3.5% | -10.3% | ||
| Q4 24 | 11.2% | 1.5% | ||
| Q3 24 | -6.3% | -5.3% | ||
| Q2 24 | 1.1% | -7.1% | ||
| Q1 24 | -6.7% | -6.6% |
| Q4 25 | -65.7% | — | ||
| Q3 25 | 1.2% | -12.4% | ||
| Q2 25 | 1.7% | -9.6% | ||
| Q1 25 | 2.0% | -14.0% | ||
| Q4 24 | 9.2% | — | ||
| Q3 24 | -8.2% | -10.3% | ||
| Q2 24 | 0.7% | 7.6% | ||
| Q1 24 | -8.0% | -11.2% |
| Q4 25 | $-1.99 | $-0.11 | ||
| Q3 25 | $0.03 | $-0.12 | ||
| Q2 25 | $0.05 | $-0.09 | ||
| Q1 25 | $0.05 | $-0.13 | ||
| Q4 24 | $0.24 | $-0.13 | ||
| Q3 24 | $-0.23 | $-0.10 | ||
| Q2 24 | $0.02 | $0.07 | ||
| Q1 24 | $-0.21 | $-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 | $69.9M | $63.0M |
| Total DebtLower is stronger | $1.7M | $401.9M |
| Stockholders' EquityBook value | $573.2M | $534.9M |
| Total Assets | $883.4M | $1.1B |
| Debt / EquityLower = less leverage | 0.00× | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $69.9M | $63.0M | ||
| Q3 25 | $67.1M | $49.9M | ||
| Q2 25 | $53.9M | $49.2M | ||
| Q1 25 | $66.8M | $65.5M | ||
| Q4 24 | $65.4M | $76.1M | ||
| Q3 24 | $46.0M | $69.5M | ||
| Q2 24 | $25.2M | $65.1M | ||
| Q1 24 | $24.1M | $55.1M |
| Q4 25 | $1.7M | $401.9M | ||
| Q3 25 | $1.9M | $403.1M | ||
| Q2 25 | $1.9M | $403.1M | ||
| Q1 25 | $124.7M | $405.2M | ||
| Q4 24 | $124.7M | $406.4M | ||
| Q3 24 | $124.6M | $403.2M | ||
| Q2 24 | $124.3M | $396.1M | ||
| Q1 24 | $135.6M | $396.7M |
| Q4 25 | $573.2M | $534.9M | ||
| Q3 25 | $689.0M | $537.8M | ||
| Q2 25 | $690.6M | $539.0M | ||
| Q1 25 | $683.4M | $544.1M | ||
| Q4 24 | $680.7M | $548.1M | ||
| Q3 24 | $684.8M | $564.3M | ||
| Q2 24 | $690.4M | $566.2M | ||
| Q1 24 | $692.3M | $560.0M |
| Q4 25 | $883.4M | $1.1B | ||
| Q3 25 | $1.0B | $1.1B | ||
| Q2 25 | $993.7M | $1.1B | ||
| Q1 25 | $990.7M | $1.1B | ||
| Q4 24 | $1.0B | $1.1B | ||
| Q3 24 | $994.1M | $1.1B | ||
| Q2 24 | $1.0B | $1.1B | ||
| Q1 24 | $1.0B | $1.1B |
| Q4 25 | 0.00× | 0.75× | ||
| Q3 25 | 0.00× | 0.75× | ||
| Q2 25 | 0.00× | 0.75× | ||
| Q1 25 | 0.18× | 0.74× | ||
| Q4 24 | 0.18× | 0.74× | ||
| Q3 24 | 0.18× | 0.71× | ||
| Q2 24 | 0.18× | 0.70× | ||
| Q1 24 | 0.20× | 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 | $50.1M | $19.5M |
| Free Cash FlowOCF − Capex | $47.1M | — |
| FCF MarginFCF / Revenue | 26.4% | — |
| Capex IntensityCapex / Revenue | 1.7% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $73.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $50.1M | $19.5M | ||
| Q3 25 | $30.7M | $8.5M | ||
| Q2 25 | $15.0M | $-3.6M | ||
| Q1 25 | $9.3M | $-1.3M | ||
| Q4 24 | $18.2M | $6.5M | ||
| Q3 24 | $28.8M | $10.1M | ||
| Q2 24 | $10.2M | $19.6M | ||
| Q1 24 | $-11.4M | $5.2M |
| Q4 25 | $47.1M | — | ||
| Q3 25 | $22.0M | — | ||
| Q2 25 | $4.7M | — | ||
| Q1 25 | $137.0K | — | ||
| Q4 24 | $4.0M | — | ||
| Q3 24 | $21.4M | — | ||
| Q2 24 | $4.5M | — | ||
| Q1 24 | $-21.5M | — |
| Q4 25 | 26.4% | — | ||
| Q3 25 | 13.3% | — | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 2.4% | — | ||
| Q3 24 | 12.3% | — | ||
| Q2 24 | 2.4% | — | ||
| Q1 24 | -12.8% | — |
| Q4 25 | 1.7% | — | ||
| Q3 25 | 5.3% | — | ||
| Q2 25 | 6.2% | — | ||
| Q1 25 | 5.7% | — | ||
| Q4 24 | 8.6% | — | ||
| Q3 24 | 4.3% | — | ||
| Q2 24 | 3.1% | — | ||
| Q1 24 | 6.0% | — |
| Q4 25 | — | — | ||
| Q3 25 | 16.15× | — | ||
| Q2 25 | 5.33× | — | ||
| Q1 25 | 2.94× | — | ||
| Q4 24 | 1.20× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 7.87× | 3.56× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OIS
| Project Driven | $112.6M | 63% |
| Downhole Technologies | $32.1M | 18% |
| Completion And Production Services | $23.1M | 13% |
| Military And Other Products | $10.7M | 6% |
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
