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Side-by-side financial comparison of Ranpak Holdings Corp. (PACK) and READING INTERNATIONAL INC (RDI). Click either name above to swap in a different company.
Ranpak Holdings Corp. is the larger business by last-quarter revenue ($93.7M vs $50.3M, roughly 1.9× READING INTERNATIONAL INC). On growth, Ranpak Holdings Corp. posted the faster year-over-year revenue change (2.3% vs -14.2%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs 5.6%).
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...
The Reading Company was a Philadelphia-headquartered railroad that provided passenger and freight transport in eastern Pennsylvania and neighboring states from 1924 until its acquisition by Conrail in 1976.
PACK vs RDI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $93.7M | $50.3M |
| Net Profit | — | $-2.6M |
| Gross Margin | 39.0% | — |
| Operating Margin | -1.0% | -1.9% |
| Net Margin | — | -5.1% |
| Revenue YoY | 2.3% | -14.2% |
| Net Profit YoY | — | -14.5% |
| EPS (diluted) | $-0.11 | $-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 | $93.7M | $50.3M | ||
| Q3 25 | $83.6M | $52.2M | ||
| Q2 25 | $77.8M | $60.4M | ||
| Q1 25 | $77.6M | $40.2M | ||
| Q4 24 | $91.6M | $58.6M | ||
| Q3 24 | $78.6M | $60.1M | ||
| Q2 24 | $72.8M | $46.8M | ||
| Q1 24 | $72.5M | $45.1M |
| Q4 25 | — | $-2.6M | ||
| Q3 25 | $-10.4M | $-4.2M | ||
| Q2 25 | $-7.5M | $-2.7M | ||
| Q1 25 | $-10.9M | $-4.8M | ||
| Q4 24 | — | $-2.2M | ||
| Q3 24 | $-8.1M | $-7.0M | ||
| Q2 24 | $5.5M | $-12.8M | ||
| Q1 24 | $-8.1M | $-13.2M |
| 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% | -1.9% | ||
| Q3 25 | -6.8% | -0.6% | ||
| Q2 25 | -12.5% | 4.8% | ||
| Q1 25 | -10.3% | -17.2% | ||
| Q4 24 | 1.5% | 2.6% | ||
| Q3 24 | -5.3% | -0.6% | ||
| Q2 24 | -7.1% | -16.4% | ||
| Q1 24 | -6.6% | -16.7% |
| Q4 25 | — | -5.1% | ||
| Q3 25 | -12.4% | -8.0% | ||
| Q2 25 | -9.6% | -4.4% | ||
| Q1 25 | -14.0% | -11.8% | ||
| Q4 24 | — | -3.8% | ||
| Q3 24 | -10.3% | -11.7% | ||
| Q2 24 | 7.6% | -27.4% | ||
| Q1 24 | -11.2% | -29.4% |
| Q4 25 | $-0.11 | $-0.11 | ||
| Q3 25 | $-0.12 | $-0.18 | ||
| Q2 25 | $-0.09 | $-0.12 | ||
| Q1 25 | $-0.13 | $-0.21 | ||
| Q4 24 | $-0.13 | $-0.11 | ||
| Q3 24 | $-0.10 | $-0.31 | ||
| Q2 24 | $0.07 | $-0.57 | ||
| Q1 24 | $-0.10 | $-0.59 |
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 | $10.5M |
| Total DebtLower is stronger | $401.9M | $185.1M |
| Stockholders' EquityBook value | $534.9M | $-18.2M |
| Total Assets | $1.1B | $434.9M |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.0M | $10.5M | ||
| Q3 25 | $49.9M | $8.1M | ||
| Q2 25 | $49.2M | $9.1M | ||
| Q1 25 | $65.5M | $5.9M | ||
| Q4 24 | $76.1M | $12.4M | ||
| Q3 24 | $69.5M | $10.1M | ||
| Q2 24 | $65.1M | $9.3M | ||
| Q1 24 | $55.1M | $7.5M |
| Q4 25 | $401.9M | $185.1M | ||
| Q3 25 | $403.1M | — | ||
| Q2 25 | $403.1M | — | ||
| Q1 25 | $405.2M | — | ||
| Q4 24 | $406.4M | $202.7M | ||
| Q3 24 | $403.2M | — | ||
| Q2 24 | $396.1M | — | ||
| Q1 24 | $396.7M | — |
| Q4 25 | $534.9M | $-18.2M | ||
| Q3 25 | $537.8M | $-12.1M | ||
| Q2 25 | $539.0M | $-7.7M | ||
| Q1 25 | $544.1M | $-8.1M | ||
| Q4 24 | $548.1M | $-4.4M | ||
| Q3 24 | $564.3M | $1.6M | ||
| Q2 24 | $566.2M | $6.5M | ||
| Q1 24 | $560.0M | $18.0M |
| Q4 25 | $1.1B | $434.9M | ||
| Q3 25 | $1.1B | $435.2M | ||
| Q2 25 | $1.1B | $438.1M | ||
| Q1 25 | $1.1B | $441.0M | ||
| Q4 24 | $1.1B | $471.0M | ||
| Q3 24 | $1.1B | $495.7M | ||
| Q2 24 | $1.1B | $494.9M | ||
| Q1 24 | $1.1B | $494.9M |
| 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 | $19.5M | $4.3M |
| Free Cash FlowOCF − Capex | — | $4.1M |
| FCF MarginFCF / Revenue | — | 8.2% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.5M | $4.3M | ||
| Q3 25 | $8.5M | $295.0K | ||
| Q2 25 | $-3.6M | $1.6M | ||
| Q1 25 | $-1.3M | $-7.7M | ||
| Q4 24 | $6.5M | $8.0M | ||
| Q3 24 | $10.1M | $1.3M | ||
| Q2 24 | $19.6M | $-10.4M | ||
| Q1 24 | $5.2M | $-2.8M |
| Q4 25 | — | $4.1M | ||
| Q3 25 | — | $-246.0K | ||
| Q2 25 | — | $1.2M | ||
| Q1 25 | — | $-8.0M | ||
| Q4 24 | — | $7.0M | ||
| Q3 24 | — | $-1.1M | ||
| Q2 24 | — | $-10.6M | ||
| Q1 24 | — | $-4.7M |
| Q4 25 | — | 8.2% | ||
| Q3 25 | — | -0.5% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | -19.8% | ||
| Q4 24 | — | 12.0% | ||
| Q3 24 | — | -1.8% | ||
| Q2 24 | — | -22.7% | ||
| Q1 24 | — | -10.4% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 4.3% |
| 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
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
