vs
Side-by-side financial comparison of Ranpak Holdings Corp. (PACK) and PennyMac Mortgage Investment Trust (PMT). Click either name above to swap in a different company.
Ranpak Holdings Corp. is the larger business by last-quarter revenue ($93.7M vs $93.6M, roughly 1.0× PennyMac Mortgage Investment Trust). On growth, Ranpak Holdings Corp. posted the faster year-over-year revenue change (2.3% vs -13.3%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs 12.3%).
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...
PennyMac Mortgage Investment Trust is a U.S.-headquartered real estate investment trust specializing in residential mortgage assets. It invests in performing and non-performing mortgage loans, mortgage-backed securities, and credit risk transfer instruments, operating across investment management and mortgage servicing segments in the U.S. housing market.
PACK vs PMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $93.7M | $93.6M |
| Net Profit | — | $52.4M |
| Gross Margin | 39.0% | — |
| Operating Margin | -1.0% | 38.6% |
| Net Margin | — | 56.0% |
| Revenue YoY | 2.3% | -13.3% |
| Net Profit YoY | — | 12.5% |
| EPS (diluted) | $-0.11 | $0.49 |
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 | $93.7M | $93.6M | ||
| Q3 25 | $83.6M | $99.2M | ||
| Q2 25 | $77.8M | $70.2M | ||
| Q1 25 | $77.6M | $44.5M | ||
| Q4 24 | $91.6M | $107.9M | ||
| Q3 24 | $78.6M | $80.9M | ||
| Q2 24 | $72.8M | $71.2M | ||
| Q1 24 | $72.5M | $74.2M |
| Q4 25 | — | $52.4M | ||
| Q3 25 | $-10.4M | $58.3M | ||
| Q2 25 | $-7.5M | $7.5M | ||
| Q1 25 | $-10.9M | $9.7M | ||
| Q4 24 | — | $46.5M | ||
| Q3 24 | $-8.1M | $41.4M | ||
| Q2 24 | $5.5M | $25.4M | ||
| Q1 24 | $-8.1M | $47.6M |
| 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% | — |
| Q4 25 | -1.0% | 38.6% | ||
| Q3 25 | -6.8% | 47.4% | ||
| Q2 25 | -12.5% | 24.2% | ||
| Q1 25 | -10.3% | -14.2% | ||
| Q4 24 | 1.5% | 51.1% | ||
| Q3 24 | -5.3% | 32.8% | ||
| Q2 24 | -7.1% | 40.2% | ||
| Q1 24 | -6.6% | 43.6% |
| Q4 25 | — | 56.0% | ||
| Q3 25 | -12.4% | 58.7% | ||
| Q2 25 | -9.6% | 10.7% | ||
| Q1 25 | -14.0% | 21.8% | ||
| Q4 24 | — | 43.1% | ||
| Q3 24 | -10.3% | 51.2% | ||
| Q2 24 | 7.6% | 35.7% | ||
| Q1 24 | -11.2% | 64.2% |
| Q4 25 | $-0.11 | $0.49 | ||
| Q3 25 | $-0.12 | $0.55 | ||
| Q2 25 | $-0.09 | $-0.04 | ||
| Q1 25 | $-0.13 | $-0.01 | ||
| Q4 24 | $-0.13 | $0.45 | ||
| Q3 24 | $-0.10 | $0.36 | ||
| Q2 24 | $0.07 | $0.17 | ||
| Q1 24 | $-0.10 | $0.39 |
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 | $190.5M |
| Total DebtLower is stronger | $401.9M | $1.1B |
| Stockholders' EquityBook value | $534.9M | $1.9B |
| Total Assets | $1.1B | $21.3B |
| Debt / EquityLower = less leverage | 0.75× | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.0M | $190.5M | ||
| Q3 25 | $49.9M | $181.0M | ||
| Q2 25 | $49.2M | $108.6M | ||
| Q1 25 | $65.5M | $204.2M | ||
| Q4 24 | $76.1M | $103.2M | ||
| Q3 24 | $69.5M | $102.8M | ||
| Q2 24 | $65.1M | $336.3M | ||
| Q1 24 | $55.1M | $343.3M |
| Q4 25 | $401.9M | $1.1B | ||
| Q3 25 | $403.1M | $299.0M | ||
| Q2 25 | $403.1M | $1.2B | ||
| Q1 25 | $405.2M | $968.4M | ||
| Q4 24 | $406.4M | $1.0B | ||
| Q3 24 | $403.2M | $5.2B | ||
| Q2 24 | $396.1M | $5.4B | ||
| Q1 24 | $396.7M | $5.1B |
| Q4 25 | $534.9M | $1.9B | ||
| Q3 25 | $537.8M | $1.9B | ||
| Q2 25 | $539.0M | $1.9B | ||
| Q1 25 | $544.1M | $1.9B | ||
| Q4 24 | $548.1M | $1.9B | ||
| Q3 24 | $564.3M | $1.9B | ||
| Q2 24 | $566.2M | $1.9B | ||
| Q1 24 | $560.0M | $2.0B |
| Q4 25 | $1.1B | $21.3B | ||
| Q3 25 | $1.1B | $18.5B | ||
| Q2 25 | $1.1B | $16.8B | ||
| Q1 25 | $1.1B | $14.9B | ||
| Q4 24 | $1.1B | $14.4B | ||
| Q3 24 | $1.1B | $13.1B | ||
| Q2 24 | $1.1B | $12.1B | ||
| Q1 24 | $1.1B | $12.3B |
| Q4 25 | 0.75× | 0.58× | ||
| Q3 25 | 0.75× | 0.16× | ||
| Q2 25 | 0.75× | 0.65× | ||
| Q1 25 | 0.74× | 0.51× | ||
| Q4 24 | 0.74× | 0.52× | ||
| Q3 24 | 0.71× | 2.70× | ||
| Q2 24 | 0.70× | 2.76× | ||
| Q1 24 | 0.71× | 2.60× |
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 | $-7.2B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | -137.76× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.5M | $-7.2B | ||
| Q3 25 | $8.5M | $-1.3B | ||
| Q2 25 | $-3.6M | $-2.0B | ||
| Q1 25 | $-1.3M | $-594.3M | ||
| Q4 24 | $6.5M | $-2.7B | ||
| Q3 24 | $10.1M | $-983.8M | ||
| Q2 24 | $19.6M | $243.8M | ||
| Q1 24 | $5.2M | $-342.4M |
| Q4 25 | — | -137.76× | ||
| Q3 25 | — | -22.26× | ||
| Q2 25 | — | -267.53× | ||
| Q1 25 | — | -61.39× | ||
| Q4 24 | — | -58.08× | ||
| Q3 24 | — | -23.76× | ||
| Q2 24 | 3.56× | 9.59× | ||
| Q1 24 | — | -7.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
PMT
| Other | $55.0M | 59% |
| Interest Rate Sensitive Strategies | $31.4M | 34% |
| Correspondent Production | $7.2M | 8% |
