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

Ranpak Holdings Corp. is the larger business by last-quarter revenue ($93.7M vs $57.3M, roughly 1.6× RHYTHM PHARMACEUTICALS, INC.). On growth, RHYTHM PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (36.9% vs 2.3%). Over the past eight quarters, RHYTHM PHARMACEUTICALS, INC.'s revenue compounded faster (48.5% CAGR vs 13.7%).

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...

Rhythm Pharmaceuticals is a biopharmaceutical firm focused on developing and commercializing targeted therapies for rare genetic disorders causing severe unmanageable obesity, including POMC deficiency, LEPR deficiency, and Bardet-Biedl syndrome. It serves patients in North America and Europe who lack effective standard treatments for their chronic life-altering conditions.

PACK vs RYTM — Head-to-Head

Bigger by revenue
PACK
PACK
1.6× larger
PACK
$93.7M
$57.3M
RYTM
Growing faster (revenue YoY)
RYTM
RYTM
+34.6% gap
RYTM
36.9%
2.3%
PACK
Faster 2-yr revenue CAGR
RYTM
RYTM
Annualised
RYTM
48.5%
13.7%
PACK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PACK
PACK
RYTM
RYTM
Revenue
$93.7M
$57.3M
Net Profit
$-47.5M
Gross Margin
39.0%
91.6%
Operating Margin
-1.0%
-82.2%
Net Margin
-83.0%
Revenue YoY
2.3%
36.9%
Net Profit YoY
-9.6%
EPS (diluted)
$-0.11
$-0.73

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
RYTM
RYTM
Q4 25
$93.7M
$57.3M
Q3 25
$83.6M
$51.3M
Q2 25
$77.8M
$48.5M
Q1 25
$77.6M
$32.7M
Q4 24
$91.6M
$41.8M
Q3 24
$78.6M
$33.3M
Q2 24
$72.8M
$29.1M
Q1 24
$72.5M
$26.0M
Net Profit
PACK
PACK
RYTM
RYTM
Q4 25
$-47.5M
Q3 25
$-10.4M
$-52.9M
Q2 25
$-7.5M
$-46.6M
Q1 25
$-10.9M
$-49.5M
Q4 24
$-43.3M
Q3 24
$-8.1M
$-43.6M
Q2 24
$5.5M
$-32.3M
Q1 24
$-8.1M
$-141.4M
Gross Margin
PACK
PACK
RYTM
RYTM
Q4 25
39.0%
91.6%
Q3 25
41.1%
89.3%
Q2 25
37.1%
88.6%
Q1 25
39.8%
88.8%
Q4 24
45.2%
90.9%
Q3 24
43.8%
88.5%
Q2 24
43.5%
89.9%
Q1 24
44.6%
89.2%
Operating Margin
PACK
PACK
RYTM
RYTM
Q4 25
-1.0%
-82.2%
Q3 25
-6.8%
-102.6%
Q2 25
-12.5%
-93.4%
Q1 25
-10.3%
-143.7%
Q4 24
1.5%
-98.6%
Q3 24
-5.3%
-132.0%
Q2 24
-7.1%
-139.2%
Q1 24
-6.6%
-538.7%
Net Margin
PACK
PACK
RYTM
RYTM
Q4 25
-83.0%
Q3 25
-12.4%
-103.1%
Q2 25
-9.6%
-96.1%
Q1 25
-14.0%
-151.4%
Q4 24
-103.6%
Q3 24
-10.3%
-131.2%
Q2 24
7.6%
-110.9%
Q1 24
-11.2%
-544.4%
EPS (diluted)
PACK
PACK
RYTM
RYTM
Q4 25
$-0.11
$-0.73
Q3 25
$-0.12
$-0.82
Q2 25
$-0.09
$-0.75
Q1 25
$-0.13
$-0.81
Q4 24
$-0.13
$-0.71
Q3 24
$-0.10
$-0.73
Q2 24
$0.07
$-0.55
Q1 24
$-0.10
$-2.35

Balance Sheet & Financial Strength

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

Metric
PACK
PACK
RYTM
RYTM
Cash + ST InvestmentsLiquidity on hand
$63.0M
$388.9M
Total DebtLower is stronger
$401.9M
Stockholders' EquityBook value
$534.9M
$139.1M
Total Assets
$1.1B
$480.2M
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PACK
PACK
RYTM
RYTM
Q4 25
$63.0M
$388.9M
Q3 25
$49.9M
$416.1M
Q2 25
$49.2M
$291.0M
Q1 25
$65.5M
$314.5M
Q4 24
$76.1M
$320.6M
Q3 24
$69.5M
$298.4M
Q2 24
$65.1M
$319.1M
Q1 24
$55.1M
$201.2M
Total Debt
PACK
PACK
RYTM
RYTM
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
RYTM
RYTM
Q4 25
$534.9M
$139.1M
Q3 25
$537.8M
$148.8M
Q2 25
$539.0M
$-11.9M
Q1 25
$544.1M
$18.9M
Q4 24
$548.1M
$21.7M
Q3 24
$564.3M
$11.2M
Q2 24
$566.2M
$39.3M
Q1 24
$560.0M
$61.6M
Total Assets
PACK
PACK
RYTM
RYTM
Q4 25
$1.1B
$480.2M
Q3 25
$1.1B
$506.9M
Q2 25
$1.1B
$372.7M
Q1 25
$1.1B
$386.7M
Q4 24
$1.1B
$392.3M
Q3 24
$1.1B
$363.6M
Q2 24
$1.1B
$381.8M
Q1 24
$1.1B
$258.7M
Debt / Equity
PACK
PACK
RYTM
RYTM
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
RYTM
RYTM
Operating Cash FlowLast quarter
$19.5M
$-25.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PACK
PACK
RYTM
RYTM
Q4 25
$19.5M
$-25.4M
Q3 25
$8.5M
$-26.6M
Q2 25
$-3.6M
$-23.3M
Q1 25
$-1.3M
$-40.4M
Q4 24
$6.5M
$-18.8M
Q3 24
$10.1M
$-25.2M
Q2 24
$19.6M
$-29.1M
Q1 24
$5.2M
$-40.7M
Cash Conversion
PACK
PACK
RYTM
RYTM
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
PACK

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

RYTM
RYTM

Segment breakdown not available.

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