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

PAMT CORP is the larger business by last-quarter revenue ($141.3M vs $93.7M, roughly 1.5× Ranpak Holdings Corp.). On growth, Ranpak Holdings Corp. posted the faster year-over-year revenue change (2.3% vs -15.1%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs -12.0%).

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...

PACK vs PAMT — Head-to-Head

Bigger by revenue
PAMT
PAMT
1.5× larger
PAMT
$141.3M
$93.7M
PACK
Growing faster (revenue YoY)
PACK
PACK
+17.4% gap
PACK
2.3%
-15.1%
PAMT
Faster 2-yr revenue CAGR
PACK
PACK
Annualised
PACK
13.7%
-12.0%
PAMT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PACK
PACK
PAMT
PAMT
Revenue
$93.7M
$141.3M
Net Profit
$-29.3M
Gross Margin
39.0%
Operating Margin
-1.0%
-27.0%
Net Margin
-20.7%
Revenue YoY
2.3%
-15.1%
Net Profit YoY
7.4%
EPS (diluted)
$-0.11
$-1.38

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
PACK
PACK
PAMT
PAMT
Q4 25
$93.7M
$141.3M
Q3 25
$83.6M
$150.3M
Q2 25
$77.8M
$151.1M
Q1 25
$77.6M
$155.3M
Q4 24
$91.6M
$166.5M
Q3 24
$78.6M
$182.6M
Q2 24
$72.8M
$182.9M
Q1 24
$72.5M
$182.6M
Net Profit
PACK
PACK
PAMT
PAMT
Q4 25
$-29.3M
Q3 25
$-10.4M
$-5.6M
Q2 25
$-7.5M
$-9.6M
Q1 25
$-10.9M
$-8.1M
Q4 24
$-31.6M
Q3 24
$-8.1M
$2.4M
Q2 24
$5.5M
$-2.9M
Q1 24
$-8.1M
$281.0K
Gross Margin
PACK
PACK
PAMT
PAMT
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 24
44.6%
Operating Margin
PACK
PACK
PAMT
PAMT
Q4 25
-1.0%
-27.0%
Q3 25
-6.8%
-3.8%
Q2 25
-12.5%
-7.3%
Q1 25
-10.3%
-5.9%
Q4 24
1.5%
-22.6%
Q3 24
-5.3%
1.3%
Q2 24
-7.1%
-0.4%
Q1 24
-6.6%
-0.4%
Net Margin
PACK
PACK
PAMT
PAMT
Q4 25
-20.7%
Q3 25
-12.4%
-3.7%
Q2 25
-9.6%
-6.4%
Q1 25
-14.0%
-5.2%
Q4 24
-19.0%
Q3 24
-10.3%
1.3%
Q2 24
7.6%
-1.6%
Q1 24
-11.2%
0.2%
EPS (diluted)
PACK
PACK
PAMT
PAMT
Q4 25
$-0.11
$-1.38
Q3 25
$-0.12
$-0.27
Q2 25
$-0.09
$-0.46
Q1 25
$-0.13
$-0.37
Q4 24
$-0.13
$-1.44
Q3 24
$-0.10
$0.11
Q2 24
$0.07
$-0.13
Q1 24
$-0.10
$0.01

Balance Sheet & Financial Strength

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

Metric
PACK
PACK
PAMT
PAMT
Cash + ST InvestmentsLiquidity on hand
$63.0M
$83.7M
Total DebtLower is stronger
$401.9M
$333.9M
Stockholders' EquityBook value
$534.9M
$210.5M
Total Assets
$1.1B
$697.9M
Debt / EquityLower = less leverage
0.75×
1.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PACK
PACK
PAMT
PAMT
Q4 25
$63.0M
$83.7M
Q3 25
$49.9M
$115.6M
Q2 25
$49.2M
$117.3M
Q1 25
$65.5M
$102.7M
Q4 24
$76.1M
$110.7M
Q3 24
$69.5M
$92.3M
Q2 24
$65.1M
$114.0M
Q1 24
$55.1M
$125.8M
Total Debt
PACK
PACK
PAMT
PAMT
Q4 25
$401.9M
$333.9M
Q3 25
$403.1M
Q2 25
$403.1M
Q1 25
$405.2M
Q4 24
$406.4M
$325.6M
Q3 24
$403.2M
Q2 24
$396.1M
Q1 24
$396.7M
Stockholders' Equity
PACK
PACK
PAMT
PAMT
Q4 25
$534.9M
$210.5M
Q3 25
$537.8M
$239.5M
Q2 25
$539.0M
$244.9M
Q1 25
$544.1M
$269.6M
Q4 24
$548.1M
$277.5M
Q3 24
$564.3M
$308.9M
Q2 24
$566.2M
$306.7M
Q1 24
$560.0M
$314.6M
Total Assets
PACK
PACK
PAMT
PAMT
Q4 25
$1.1B
$697.9M
Q3 25
$1.1B
$715.2M
Q2 25
$1.1B
$707.9M
Q1 25
$1.1B
$712.6M
Q4 24
$1.1B
$741.7M
Q3 24
$1.1B
$756.7M
Q2 24
$1.1B
$733.5M
Q1 24
$1.1B
$746.4M
Debt / Equity
PACK
PACK
PAMT
PAMT
Q4 25
0.75×
1.59×
Q3 25
0.75×
Q2 25
0.75×
Q1 25
0.74×
Q4 24
0.74×
1.17×
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
PACK
PACK
PAMT
PAMT
Operating Cash FlowLast quarter
$19.5M
$-5.8M
Free Cash FlowOCF − Capex
$-25.0M
FCF MarginFCF / Revenue
-17.7%
Capex IntensityCapex / Revenue
13.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-23.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PACK
PACK
PAMT
PAMT
Q4 25
$19.5M
$-5.8M
Q3 25
$8.5M
$5.9M
Q2 25
$-3.6M
$12.2M
Q1 25
$-1.3M
$5.0M
Q4 24
$6.5M
$15.2M
Q3 24
$10.1M
$15.5M
Q2 24
$19.6M
$18.7M
Q1 24
$5.2M
$9.6M
Free Cash Flow
PACK
PACK
PAMT
PAMT
Q4 25
$-25.0M
Q3 25
$2.5M
Q2 25
$5.9M
Q1 25
$-6.8M
Q4 24
$-39.9M
Q3 24
$-33.6M
Q2 24
$4.1M
Q1 24
$-12.2M
FCF Margin
PACK
PACK
PAMT
PAMT
Q4 25
-17.7%
Q3 25
1.7%
Q2 25
3.9%
Q1 25
-4.4%
Q4 24
-24.0%
Q3 24
-18.4%
Q2 24
2.2%
Q1 24
-6.7%
Capex Intensity
PACK
PACK
PAMT
PAMT
Q4 25
13.6%
Q3 25
2.3%
Q2 25
4.2%
Q1 25
7.6%
Q4 24
33.1%
Q3 24
26.9%
Q2 24
8.0%
Q1 24
12.0%
Cash Conversion
PACK
PACK
PAMT
PAMT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
6.44×
Q2 24
3.56×
Q1 24
34.11×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PACK
PACK

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

PAMT
PAMT

Freight Transportation Service$123.1M87%
Fuel Surcharge$18.2M13%

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