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Side-by-side financial comparison of Ranpak Holdings Corp. (PACK) and PTC THERAPEUTICS, INC. (PTCT). Click either name above to swap in a different company.

PTC THERAPEUTICS, INC. is the larger business by last-quarter revenue ($164.7M vs $93.7M, roughly 1.8× Ranpak Holdings Corp.). On growth, Ranpak Holdings Corp. posted the faster year-over-year revenue change (2.3% vs -22.7%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs -11.5%).

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...

PTC Therapeutics, Inc. is a US pharmaceutical company focused on the development of orally administered small molecule drugs and gene therapy which regulate gene expression by targeting post-transcriptional control (PTC) mechanisms in orphan diseases.

PACK vs PTCT — Head-to-Head

Bigger by revenue
PTCT
PTCT
1.8× larger
PTCT
$164.7M
$93.7M
PACK
Growing faster (revenue YoY)
PACK
PACK
+25.0% gap
PACK
2.3%
-22.7%
PTCT
Faster 2-yr revenue CAGR
PACK
PACK
Annualised
PACK
13.7%
-11.5%
PTCT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PACK
PACK
PTCT
PTCT
Revenue
$93.7M
$164.7M
Net Profit
$-135.0M
Gross Margin
39.0%
Operating Margin
-1.0%
-43.3%
Net Margin
-82.0%
Revenue YoY
2.3%
-22.7%
Net Profit YoY
-104.8%
EPS (diluted)
$-0.11
$-1.63

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
PTCT
PTCT
Q4 25
$93.7M
$164.7M
Q3 25
$83.6M
$211.0M
Q2 25
$77.8M
$178.9M
Q1 25
$77.6M
$1.2B
Q4 24
$91.6M
$213.2M
Q3 24
$78.6M
$196.8M
Q2 24
$72.8M
$186.7M
Q1 24
$72.5M
$210.1M
Net Profit
PACK
PACK
PTCT
PTCT
Q4 25
$-135.0M
Q3 25
$-10.4M
$15.9M
Q2 25
$-7.5M
$-64.8M
Q1 25
$-10.9M
$866.6M
Q4 24
$-65.9M
Q3 24
$-8.1M
$-106.7M
Q2 24
$5.5M
$-99.2M
Q1 24
$-8.1M
$-91.6M
Gross Margin
PACK
PACK
PTCT
PTCT
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
PTCT
PTCT
Q4 25
-1.0%
-43.3%
Q3 25
-6.8%
1.4%
Q2 25
-12.5%
-19.5%
Q1 25
-10.3%
82.5%
Q4 24
1.5%
-76.2%
Q3 24
-5.3%
-27.7%
Q2 24
-7.1%
-21.5%
Q1 24
-6.6%
-21.6%
Net Margin
PACK
PACK
PTCT
PTCT
Q4 25
-82.0%
Q3 25
-12.4%
7.5%
Q2 25
-9.6%
-36.3%
Q1 25
-14.0%
73.7%
Q4 24
-30.9%
Q3 24
-10.3%
-54.2%
Q2 24
7.6%
-53.1%
Q1 24
-11.2%
-43.6%
EPS (diluted)
PACK
PACK
PTCT
PTCT
Q4 25
$-0.11
$-1.63
Q3 25
$-0.12
$0.20
Q2 25
$-0.09
$-0.83
Q1 25
$-0.13
$10.04
Q4 24
$-0.13
$-0.85
Q3 24
$-0.10
$-1.39
Q2 24
$0.07
$-1.29
Q1 24
$-0.10
$-1.20

Balance Sheet & Financial Strength

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

Metric
PACK
PACK
PTCT
PTCT
Cash + ST InvestmentsLiquidity on hand
$63.0M
$1.9B
Total DebtLower is stronger
$401.9M
Stockholders' EquityBook value
$534.9M
$-205.3M
Total Assets
$1.1B
$2.9B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PACK
PACK
PTCT
PTCT
Q4 25
$63.0M
$1.9B
Q3 25
$49.9M
$1.7B
Q2 25
$49.2M
$2.0B
Q1 25
$65.5M
$2.0B
Q4 24
$76.1M
$1.1B
Q3 24
$69.5M
$1.0B
Q2 24
$65.1M
$1.1B
Q1 24
$55.1M
$884.8M
Total Debt
PACK
PACK
PTCT
PTCT
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
Stockholders' Equity
PACK
PACK
PTCT
PTCT
Q4 25
$534.9M
$-205.3M
Q3 25
$537.8M
$-155.8M
Q2 25
$539.0M
$-206.5M
Q1 25
$544.1M
$-185.8M
Q4 24
$548.1M
$-1.1B
Q3 24
$564.3M
$-1.1B
Q2 24
$566.2M
$-980.2M
Q1 24
$560.0M
$-893.9M
Total Assets
PACK
PACK
PTCT
PTCT
Q4 25
$1.1B
$2.9B
Q3 25
$1.1B
$2.6B
Q2 25
$1.1B
$2.6B
Q1 25
$1.1B
$2.7B
Q4 24
$1.1B
$1.7B
Q3 24
$1.1B
$1.8B
Q2 24
$1.1B
$1.9B
Q1 24
$1.1B
$1.8B
Debt / Equity
PACK
PACK
PTCT
PTCT
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
PACK
PACK
PTCT
PTCT
Operating Cash FlowLast quarter
$19.5M
$-34.3M
Free Cash FlowOCF − Capex
$-36.6M
FCF MarginFCF / Revenue
-22.3%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$702.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PACK
PACK
PTCT
PTCT
Q4 25
$19.5M
$-34.3M
Q3 25
$8.5M
$-66.3M
Q2 25
$-3.6M
$-58.3M
Q1 25
$-1.3M
$870.1M
Q4 24
$6.5M
$-30.0M
Q3 24
$10.1M
$-77.0M
Q2 24
$19.6M
$-71.5M
Q1 24
$5.2M
$70.8M
Free Cash Flow
PACK
PACK
PTCT
PTCT
Q4 25
$-36.6M
Q3 25
$-69.7M
Q2 25
$-59.6M
Q1 25
$868.4M
Q4 24
$-33.8M
Q3 24
$-77.5M
Q2 24
$-78.8M
Q1 24
$61.2M
FCF Margin
PACK
PACK
PTCT
PTCT
Q4 25
-22.3%
Q3 25
-33.1%
Q2 25
-33.3%
Q1 25
73.8%
Q4 24
-15.8%
Q3 24
-39.4%
Q2 24
-42.2%
Q1 24
29.1%
Capex Intensity
PACK
PACK
PTCT
PTCT
Q4 25
1.4%
Q3 25
1.6%
Q2 25
0.7%
Q1 25
0.1%
Q4 24
1.8%
Q3 24
0.3%
Q2 24
4.0%
Q1 24
4.6%
Cash Conversion
PACK
PACK
PTCT
PTCT
Q4 25
Q3 25
-4.17×
Q2 25
Q1 25
1.00×
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

PACK
PACK

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

PTCT
PTCT

Segment breakdown not available.

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