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Side-by-side financial comparison of Ouster, Inc. (OUST) 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 $62.2M, roughly 1.5× Ouster, Inc.). On growth, Ouster, Inc. posted the faster year-over-year revenue change (106.6% vs 2.3%). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (54.8% CAGR vs 13.7%).
Ouster, Inc. is an American lidar technology company headquartered in San Francisco, California. It builds high-resolution, digital 3D lidar sensors for use in autonomous vehicles, industrial, robotics, drones, mapping, defense, and security systems.
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...
OUST vs PACK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $62.2M | $93.7M |
| Net Profit | — | — |
| Gross Margin | 60.2% | 39.0% |
| Operating Margin | 1.5% | -1.0% |
| Net Margin | — | — |
| Revenue YoY | 106.6% | 2.3% |
| Net Profit YoY | — | — |
| EPS (diluted) | $0.10 | $-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 | $62.2M | $93.7M | ||
| Q3 25 | $39.5M | $83.6M | ||
| Q2 25 | $35.0M | $77.8M | ||
| Q1 25 | $32.6M | $77.6M | ||
| Q4 24 | $30.1M | $91.6M | ||
| Q3 24 | $28.1M | $78.6M | ||
| Q2 24 | $27.0M | $72.8M | ||
| Q1 24 | $25.9M | $72.5M |
| Q4 25 | — | — | ||
| Q3 25 | $-21.7M | $-10.4M | ||
| Q2 25 | $-20.6M | $-7.5M | ||
| Q1 25 | $-22.0M | $-10.9M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-25.6M | $-8.1M | ||
| Q2 24 | $-23.9M | $5.5M | ||
| Q1 24 | $-23.8M | $-8.1M |
| Q4 25 | 60.2% | 39.0% | ||
| Q3 25 | 42.1% | 41.1% | ||
| Q2 25 | 45.2% | 37.1% | ||
| Q1 25 | 41.3% | 39.8% | ||
| Q4 24 | 43.8% | 45.2% | ||
| Q3 24 | 38.3% | 43.8% | ||
| Q2 24 | 33.7% | 43.5% | ||
| Q1 24 | 28.6% | 44.6% |
| Q4 25 | 1.5% | -1.0% | ||
| Q3 25 | -61.4% | -6.8% | ||
| Q2 25 | -76.5% | -12.5% | ||
| Q1 25 | -73.0% | -10.3% | ||
| Q4 24 | -85.1% | 1.5% | ||
| Q3 24 | -98.0% | -5.3% | ||
| Q2 24 | -93.6% | -7.1% | ||
| Q1 24 | -99.5% | -6.6% |
| Q4 25 | — | — | ||
| Q3 25 | -55.0% | -12.4% | ||
| Q2 25 | -58.8% | -9.6% | ||
| Q1 25 | -67.5% | -14.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | -91.1% | -10.3% | ||
| Q2 24 | -88.4% | 7.6% | ||
| Q1 24 | -91.9% | -11.2% |
| Q4 25 | $0.10 | $-0.11 | ||
| Q3 25 | $-0.37 | $-0.12 | ||
| Q2 25 | $-0.38 | $-0.09 | ||
| Q1 25 | $-0.42 | $-0.13 | ||
| Q4 24 | $-0.46 | $-0.13 | ||
| Q3 24 | $-0.54 | $-0.10 | ||
| Q2 24 | $-0.53 | $0.07 | ||
| Q1 24 | $-0.55 | $-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 | $208.6M | $63.0M |
| Total DebtLower is stronger | — | $401.9M |
| Stockholders' EquityBook value | $261.7M | $534.9M |
| Total Assets | $349.5M | $1.1B |
| Debt / EquityLower = less leverage | — | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $208.6M | $63.0M | ||
| Q3 25 | $244.5M | $49.9M | ||
| Q2 25 | $226.5M | $49.2M | ||
| Q1 25 | $168.2M | $65.5M | ||
| Q4 24 | $172.0M | $76.1M | ||
| Q3 24 | $151.4M | $69.5M | ||
| Q2 24 | $184.2M | $65.1M | ||
| Q1 24 | $187.8M | $55.1M |
| 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 |
| Q4 25 | $261.7M | $534.9M | ||
| Q3 25 | $247.4M | $537.8M | ||
| Q2 25 | $221.0M | $539.0M | ||
| Q1 25 | $167.9M | $544.1M | ||
| Q4 24 | $180.9M | $548.1M | ||
| Q3 24 | $171.7M | $564.3M | ||
| Q2 24 | $170.6M | $566.2M | ||
| Q1 24 | $167.2M | $560.0M |
| Q4 25 | $349.5M | $1.1B | ||
| Q3 25 | $353.8M | $1.1B | ||
| Q2 25 | $321.8M | $1.1B | ||
| Q1 25 | $268.6M | $1.1B | ||
| Q4 24 | $276.1M | $1.1B | ||
| Q3 24 | $255.2M | $1.1B | ||
| Q2 24 | $309.9M | $1.1B | ||
| Q1 24 | $317.7M | $1.1B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-15.4M | $19.5M |
| Free Cash FlowOCF − Capex | $-37.2M | — |
| FCF MarginFCF / Revenue | -59.8% | — |
| Capex IntensityCapex / Revenue | 35.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-64.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.4M | $19.5M | ||
| Q3 25 | $-18.3M | $8.5M | ||
| Q2 25 | $-1.3M | $-3.6M | ||
| Q1 25 | $-4.9M | $-1.3M | ||
| Q4 24 | $-2.6M | $6.5M | ||
| Q3 24 | $-3.8M | $10.1M | ||
| Q2 24 | $-21.6M | $19.6M | ||
| Q1 24 | $-5.7M | $5.2M |
| Q4 25 | $-37.2M | — | ||
| Q3 25 | $-20.0M | — | ||
| Q2 25 | $-2.2M | — | ||
| Q1 25 | $-5.4M | — | ||
| Q4 24 | $-4.0M | — | ||
| Q3 24 | $-4.3M | — | ||
| Q2 24 | $-22.0M | — | ||
| Q1 24 | $-7.1M | — |
| Q4 25 | -59.8% | — | ||
| Q3 25 | -50.7% | — | ||
| Q2 25 | -6.3% | — | ||
| Q1 25 | -16.6% | — | ||
| Q4 24 | -13.3% | — | ||
| Q3 24 | -15.4% | — | ||
| Q2 24 | -81.5% | — | ||
| Q1 24 | -27.4% | — |
| Q4 25 | 35.0% | — | ||
| Q3 25 | 4.3% | — | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | 2.0% | — | ||
| Q2 24 | 1.3% | — | ||
| Q1 24 | 5.3% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.56× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OUST
Segment breakdown not available.
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
