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Side-by-side financial comparison of Ranpak Holdings Corp. (PACK) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.
Ranpak Holdings Corp. is the larger business by last-quarter revenue ($93.7M vs $71.1M, roughly 1.3× RE/MAX Holdings, Inc.). On growth, Ranpak Holdings Corp. posted the faster year-over-year revenue change (2.3% vs -1.8%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs -4.7%).
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...
RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.
PACK vs RMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $93.7M | $71.1M |
| Net Profit | — | $1.4M |
| Gross Margin | 39.0% | — |
| Operating Margin | -1.0% | 13.1% |
| Net Margin | — | 2.0% |
| Revenue YoY | 2.3% | -1.8% |
| Net Profit YoY | — | -75.2% |
| EPS (diluted) | $-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 | $71.1M | ||
| Q3 25 | $83.6M | $73.2M | ||
| Q2 25 | $77.8M | $72.8M | ||
| Q1 25 | $77.6M | $74.5M | ||
| Q4 24 | $91.6M | $72.5M | ||
| Q3 24 | $78.6M | $78.5M | ||
| Q2 24 | $72.8M | $78.5M | ||
| Q1 24 | $72.5M | $78.3M |
| Q4 25 | — | $1.4M | ||
| Q3 25 | $-10.4M | $4.0M | ||
| Q2 25 | $-7.5M | $4.7M | ||
| Q1 25 | $-10.9M | $-2.0M | ||
| Q4 24 | — | $5.8M | ||
| Q3 24 | $-8.1M | $966.0K | ||
| Q2 24 | $5.5M | $3.7M | ||
| Q1 24 | $-8.1M | $-3.4M |
| 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% | 13.1% | ||
| Q3 25 | -6.8% | 25.0% | ||
| Q2 25 | -12.5% | 19.3% | ||
| Q1 25 | -10.3% | 7.2% | ||
| Q4 24 | 1.5% | 5.9% | ||
| Q3 24 | -5.3% | 19.4% | ||
| Q2 24 | -7.1% | 20.6% | ||
| Q1 24 | -6.6% | 5.8% |
| Q4 25 | — | 2.0% | ||
| Q3 25 | -12.4% | 5.4% | ||
| Q2 25 | -9.6% | 6.4% | ||
| Q1 25 | -14.0% | -2.6% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | -10.3% | 1.2% | ||
| Q2 24 | 7.6% | 4.7% | ||
| Q1 24 | -11.2% | -4.3% |
| Q4 25 | $-0.11 | — | ||
| Q3 25 | $-0.12 | — | ||
| Q2 25 | $-0.09 | — | ||
| Q1 25 | $-0.13 | — | ||
| Q4 24 | $-0.13 | — | ||
| Q3 24 | $-0.10 | — | ||
| Q2 24 | $0.07 | — | ||
| Q1 24 | $-0.10 | — |
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 | $118.7M |
| Total DebtLower is stronger | $401.9M | $432.2M |
| Stockholders' EquityBook value | $534.9M | $452.4M |
| Total Assets | $1.1B | $582.5M |
| Debt / EquityLower = less leverage | 0.75× | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.0M | $118.7M | ||
| Q3 25 | $49.9M | $107.5M | ||
| Q2 25 | $49.2M | $94.3M | ||
| Q1 25 | $65.5M | $89.1M | ||
| Q4 24 | $76.1M | $96.6M | ||
| Q3 24 | $69.5M | $83.8M | ||
| Q2 24 | $65.1M | $66.1M | ||
| Q1 24 | $55.1M | $82.1M |
| Q4 25 | $401.9M | $432.2M | ||
| Q3 25 | $403.1M | $433.3M | ||
| Q2 25 | $403.1M | $434.4M | ||
| Q1 25 | $405.2M | $435.3M | ||
| Q4 24 | $406.4M | $436.2M | ||
| Q3 24 | $403.2M | $437.2M | ||
| Q2 24 | $396.1M | $438.1M | ||
| Q1 24 | $396.7M | $439.0M |
| Q4 25 | $534.9M | $452.4M | ||
| Q3 25 | $537.8M | $448.1M | ||
| Q2 25 | $539.0M | $442.4M | ||
| Q1 25 | $544.1M | $433.5M | ||
| Q4 24 | $548.1M | $429.5M | ||
| Q3 24 | $564.3M | $423.1M | ||
| Q2 24 | $566.2M | $418.4M | ||
| Q1 24 | $560.0M | $412.0M |
| Q4 25 | $1.1B | $582.5M | ||
| Q3 25 | $1.1B | $582.2M | ||
| Q2 25 | $1.1B | $574.8M | ||
| Q1 25 | $1.1B | $571.4M | ||
| Q4 24 | $1.1B | $581.6M | ||
| Q3 24 | $1.1B | $578.6M | ||
| Q2 24 | $1.1B | $571.4M | ||
| Q1 24 | $1.1B | $566.7M |
| Q4 25 | 0.75× | 0.96× | ||
| Q3 25 | 0.75× | 0.97× | ||
| Q2 25 | 0.75× | 0.98× | ||
| Q1 25 | 0.74× | 1.00× | ||
| Q4 24 | 0.74× | 1.02× | ||
| Q3 24 | 0.71× | 1.03× | ||
| Q2 24 | 0.70× | 1.05× | ||
| Q1 24 | 0.71× | 1.07× |
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 | $40.9M |
| Free Cash FlowOCF − Capex | — | $33.5M |
| FCF MarginFCF / Revenue | — | 47.1% |
| Capex IntensityCapex / Revenue | — | 10.4% |
| Cash ConversionOCF / Net Profit | — | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | — | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.5M | $40.9M | ||
| Q3 25 | $8.5M | $17.7M | ||
| Q2 25 | $-3.6M | $4.6M | ||
| Q1 25 | $-1.3M | $5.7M | ||
| Q4 24 | $6.5M | $59.7M | ||
| Q3 24 | $10.1M | $17.6M | ||
| Q2 24 | $19.6M | $15.9M | ||
| Q1 24 | $5.2M | $9.4M |
| Q4 25 | — | $33.5M | ||
| Q3 25 | — | $16.4M | ||
| Q2 25 | — | $2.9M | ||
| Q1 25 | — | $4.0M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | — | $16.3M | ||
| Q2 24 | — | $14.0M | ||
| Q1 24 | — | $6.8M |
| Q4 25 | — | 47.1% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | — | 73.2% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | — | 17.8% | ||
| Q1 24 | — | 8.6% |
| Q4 25 | — | 10.4% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 3.3% |
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | 3.56× | 4.29× | ||
| 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% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
