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

QUALYS, INC. is the larger business by last-quarter revenue ($175.3M vs $93.7M, roughly 1.9× Ranpak Holdings Corp.). On growth, QUALYS, INC. posted the faster year-over-year revenue change (10.1% vs 2.3%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs 9.6%).

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...

Qualys, Inc. is an American technology firm based in Foster City, California, specializing in cloud security, compliance and related services.

PACK vs QLYS — Head-to-Head

Bigger by revenue
QLYS
QLYS
1.9× larger
QLYS
$175.3M
$93.7M
PACK
Growing faster (revenue YoY)
QLYS
QLYS
+7.8% gap
QLYS
10.1%
2.3%
PACK
Faster 2-yr revenue CAGR
PACK
PACK
Annualised
PACK
13.7%
9.6%
QLYS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PACK
PACK
QLYS
QLYS
Revenue
$93.7M
$175.3M
Net Profit
$53.1M
Gross Margin
39.0%
83.4%
Operating Margin
-1.0%
33.6%
Net Margin
30.3%
Revenue YoY
2.3%
10.1%
Net Profit YoY
20.9%
EPS (diluted)
$-0.11
$1.47

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
QLYS
QLYS
Q4 25
$93.7M
$175.3M
Q3 25
$83.6M
$169.9M
Q2 25
$77.8M
$164.1M
Q1 25
$77.6M
$159.9M
Q4 24
$91.6M
$159.2M
Q3 24
$78.6M
$153.9M
Q2 24
$72.8M
$148.7M
Q1 24
$72.5M
$145.8M
Net Profit
PACK
PACK
QLYS
QLYS
Q4 25
$53.1M
Q3 25
$-10.4M
$50.3M
Q2 25
$-7.5M
$47.3M
Q1 25
$-10.9M
$47.5M
Q4 24
$44.0M
Q3 24
$-8.1M
$46.2M
Q2 24
$5.5M
$43.8M
Q1 24
$-8.1M
$39.7M
Gross Margin
PACK
PACK
QLYS
QLYS
Q4 25
39.0%
83.4%
Q3 25
41.1%
83.6%
Q2 25
37.1%
82.4%
Q1 25
39.8%
81.9%
Q4 24
45.2%
81.8%
Q3 24
43.8%
81.3%
Q2 24
43.5%
82.2%
Q1 24
44.6%
81.3%
Operating Margin
PACK
PACK
QLYS
QLYS
Q4 25
-1.0%
33.6%
Q3 25
-6.8%
35.3%
Q2 25
-12.5%
31.3%
Q1 25
-10.3%
32.4%
Q4 24
1.5%
31.0%
Q3 24
-5.3%
29.2%
Q2 24
-7.1%
32.3%
Q1 24
-6.6%
30.7%
Net Margin
PACK
PACK
QLYS
QLYS
Q4 25
30.3%
Q3 25
-12.4%
29.6%
Q2 25
-9.6%
28.8%
Q1 25
-14.0%
29.7%
Q4 24
27.6%
Q3 24
-10.3%
30.0%
Q2 24
7.6%
29.4%
Q1 24
-11.2%
27.2%
EPS (diluted)
PACK
PACK
QLYS
QLYS
Q4 25
$-0.11
$1.47
Q3 25
$-0.12
$1.39
Q2 25
$-0.09
$1.29
Q1 25
$-0.13
$1.29
Q4 24
$-0.13
$1.19
Q3 24
$-0.10
$1.24
Q2 24
$0.07
$1.17
Q1 24
$-0.10
$1.05

Balance Sheet & Financial Strength

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

Metric
PACK
PACK
QLYS
QLYS
Cash + ST InvestmentsLiquidity on hand
$63.0M
$250.3M
Total DebtLower is stronger
$401.9M
Stockholders' EquityBook value
$534.9M
$561.2M
Total Assets
$1.1B
$1.1B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PACK
PACK
QLYS
QLYS
Q4 25
$63.0M
$250.3M
Q3 25
$49.9M
$225.3M
Q2 25
$49.2M
$194.0M
Q1 25
$65.5M
$290.7M
Q4 24
$76.1M
$232.2M
Q3 24
$69.5M
$235.4M
Q2 24
$65.1M
$281.2M
Q1 24
$55.1M
$273.8M
Total Debt
PACK
PACK
QLYS
QLYS
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
QLYS
QLYS
Q4 25
$534.9M
$561.2M
Q3 25
$537.8M
$529.4M
Q2 25
$539.0M
$508.2M
Q1 25
$544.1M
$498.0M
Q4 24
$548.1M
$477.1M
Q3 24
$564.3M
$449.6M
Q2 24
$566.2M
$427.8M
Q1 24
$560.0M
$404.2M
Total Assets
PACK
PACK
QLYS
QLYS
Q4 25
$1.1B
$1.1B
Q3 25
$1.1B
$1.0B
Q2 25
$1.1B
$999.5M
Q1 25
$1.1B
$996.5M
Q4 24
$1.1B
$973.5M
Q3 24
$1.1B
$908.3M
Q2 24
$1.1B
$876.6M
Q1 24
$1.1B
$861.8M
Debt / Equity
PACK
PACK
QLYS
QLYS
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
QLYS
QLYS
Operating Cash FlowLast quarter
$19.5M
$75.7M
Free Cash FlowOCF − Capex
$74.9M
FCF MarginFCF / Revenue
42.8%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
1.42×
TTM Free Cash FlowTrailing 4 quarters
$304.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PACK
PACK
QLYS
QLYS
Q4 25
$19.5M
$75.7M
Q3 25
$8.5M
$90.4M
Q2 25
$-3.6M
$33.8M
Q1 25
$-1.3M
$109.6M
Q4 24
$6.5M
$47.7M
Q3 24
$10.1M
$61.0M
Q2 24
$19.6M
$49.8M
Q1 24
$5.2M
$85.5M
Free Cash Flow
PACK
PACK
QLYS
QLYS
Q4 25
$74.9M
Q3 25
$89.5M
Q2 25
$32.4M
Q1 25
$107.5M
Q4 24
$41.9M
Q3 24
$57.6M
Q2 24
$48.8M
Q1 24
$83.5M
FCF Margin
PACK
PACK
QLYS
QLYS
Q4 25
42.8%
Q3 25
52.7%
Q2 25
19.8%
Q1 25
67.3%
Q4 24
26.3%
Q3 24
37.4%
Q2 24
32.8%
Q1 24
57.2%
Capex Intensity
PACK
PACK
QLYS
QLYS
Q4 25
0.4%
Q3 25
0.5%
Q2 25
0.8%
Q1 25
1.3%
Q4 24
3.7%
Q3 24
2.2%
Q2 24
0.7%
Q1 24
1.4%
Cash Conversion
PACK
PACK
QLYS
QLYS
Q4 25
1.42×
Q3 25
1.80×
Q2 25
0.71×
Q1 25
2.31×
Q4 24
1.09×
Q3 24
1.32×
Q2 24
3.56×
1.14×
Q1 24
2.15×

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%

QLYS
QLYS

Sales Channel Through Intermediary$88.6M51%
Sales Channel Directly To Consumer$86.7M49%

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