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Side-by-side financial comparison of Ranpak Holdings Corp. (PACK) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.
Ranpak Holdings Corp. is the larger business by last-quarter revenue ($93.7M vs $91.6M, roughly 1.0× SHENANDOAH TELECOMMUNICATIONS CO). On growth, SHENANDOAH TELECOMMUNICATIONS CO posted the faster year-over-year revenue change (7.2% vs 2.3%). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% 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...
Shenandoah Telecommunications Co is a U.S. regional telecom provider offering broadband internet, wireless voice/data services, digital cable TV, and fiber-optic solutions. It serves residential, small business and enterprise clients across Mid-Atlantic states, focusing on underserved rural and suburban markets in Virginia, West Virginia, Maryland and Pennsylvania.
PACK vs SHEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $93.7M | $91.6M |
| Net Profit | — | $-5.4M |
| Gross Margin | 39.0% | — |
| Operating Margin | -1.0% | -1.0% |
| Net Margin | — | -5.9% |
| Revenue YoY | 2.3% | 7.2% |
| Net Profit YoY | — | -95.8% |
| EPS (diluted) | $-0.11 | $-0.13 |
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 | $91.6M | ||
| Q3 25 | $83.6M | $89.8M | ||
| Q2 25 | $77.8M | $88.6M | ||
| Q1 25 | $77.6M | $87.9M | ||
| Q4 24 | $91.6M | $85.4M | ||
| Q3 24 | $78.6M | $87.6M | ||
| Q2 24 | $72.8M | $85.8M | ||
| Q1 24 | $72.5M | $69.2M |
| Q4 25 | — | $-5.4M | ||
| Q3 25 | $-10.4M | $-9.4M | ||
| Q2 25 | $-7.5M | $-9.0M | ||
| Q1 25 | $-10.9M | $-9.1M | ||
| Q4 24 | — | $-2.7M | ||
| Q3 24 | $-8.1M | $-5.3M | ||
| Q2 24 | $5.5M | $-12.9M | ||
| Q1 24 | $-8.1M | $214.7M |
| 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% | -1.0% | ||
| Q3 25 | -6.8% | -8.0% | ||
| Q2 25 | -12.5% | -10.3% | ||
| Q1 25 | -10.3% | -6.9% | ||
| Q4 24 | 1.5% | -6.7% | ||
| Q3 24 | -5.3% | -4.8% | ||
| Q2 24 | -7.1% | -18.5% | ||
| Q1 24 | -6.6% | -4.0% |
| Q4 25 | — | -5.9% | ||
| Q3 25 | -12.4% | -10.5% | ||
| Q2 25 | -9.6% | -10.2% | ||
| Q1 25 | -14.0% | -10.4% | ||
| Q4 24 | — | -3.2% | ||
| Q3 24 | -10.3% | -6.0% | ||
| Q2 24 | 7.6% | -15.0% | ||
| Q1 24 | -11.2% | 310.0% |
| Q4 25 | $-0.11 | $-0.13 | ||
| Q3 25 | $-0.12 | $-0.20 | ||
| Q2 25 | $-0.09 | $-0.19 | ||
| Q1 25 | $-0.13 | $-0.19 | ||
| Q4 24 | $-0.13 | $-0.34 | ||
| Q3 24 | $-0.10 | $-0.13 | ||
| Q2 24 | $0.07 | $-0.24 | ||
| Q1 24 | $-0.10 | $4.25 |
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 | $27.3M |
| Total DebtLower is stronger | $401.9M | $642.4M |
| Stockholders' EquityBook value | $534.9M | $880.8M |
| Total Assets | $1.1B | $1.9B |
| Debt / EquityLower = less leverage | 0.75× | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.0M | $27.3M | ||
| Q3 25 | $49.9M | $22.6M | ||
| Q2 25 | $49.2M | $29.1M | ||
| Q1 25 | $65.5M | $87.5M | ||
| Q4 24 | $76.1M | $46.3M | ||
| Q3 24 | $69.5M | $43.1M | ||
| Q2 24 | $65.1M | $43.8M | ||
| Q1 24 | $55.1M | $389.7M |
| Q4 25 | $401.9M | $642.4M | ||
| Q3 25 | $403.1M | $535.4M | ||
| Q2 25 | $403.1M | $513.1M | ||
| Q1 25 | $405.2M | $515.8M | ||
| Q4 24 | $406.4M | $418.0M | ||
| Q3 24 | $403.2M | $345.2M | ||
| Q2 24 | $396.1M | $297.4M | ||
| Q1 24 | $396.7M | $298.7M |
| Q4 25 | $534.9M | $880.8M | ||
| Q3 25 | $537.8M | $892.7M | ||
| Q2 25 | $539.0M | $902.0M | ||
| Q1 25 | $544.1M | $910.5M | ||
| Q4 24 | $548.1M | $918.6M | ||
| Q3 24 | $564.3M | $925.4M | ||
| Q2 24 | $566.2M | $933.1M | ||
| Q1 24 | $560.0M | $871.6M |
| Q4 25 | $1.1B | $1.9B | ||
| Q3 25 | $1.1B | $1.9B | ||
| Q2 25 | $1.1B | $1.8B | ||
| Q1 25 | $1.1B | $1.8B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $1.1B | $1.7B | ||
| Q2 24 | $1.1B | $1.7B | ||
| Q1 24 | $1.1B | $1.4B |
| Q4 25 | 0.75× | 0.73× | ||
| Q3 25 | 0.75× | 0.60× | ||
| Q2 25 | 0.75× | 0.57× | ||
| Q1 25 | 0.74× | 0.57× | ||
| Q4 24 | 0.74× | 0.46× | ||
| Q3 24 | 0.71× | 0.37× | ||
| Q2 24 | 0.70× | 0.32× | ||
| Q1 24 | 0.71× | 0.34× |
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 | $28.8M |
| Free Cash FlowOCF − Capex | — | $-78.6M |
| FCF MarginFCF / Revenue | — | -85.8% |
| Capex IntensityCapex / Revenue | — | 117.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.5M | $28.8M | ||
| Q3 25 | $8.5M | $30.7M | ||
| Q2 25 | $-3.6M | $20.9M | ||
| Q1 25 | $-1.3M | $20.5M | ||
| Q4 24 | $6.5M | $20.6M | ||
| Q3 24 | $10.1M | $24.3M | ||
| Q2 24 | $19.6M | $2.5M | ||
| Q1 24 | $5.2M | $15.2M |
| Q4 25 | — | $-78.6M | ||
| Q3 25 | — | $-51.4M | ||
| Q2 25 | — | $-65.3M | ||
| Q1 25 | — | $-62.7M | ||
| Q4 24 | — | $-72.0M | ||
| Q3 24 | — | $-51.3M | ||
| Q2 24 | — | $-78.3M | ||
| Q1 24 | — | $-54.9M |
| Q4 25 | — | -85.8% | ||
| Q3 25 | — | -57.2% | ||
| Q2 25 | — | -73.7% | ||
| Q1 25 | — | -71.3% | ||
| Q4 24 | — | -84.3% | ||
| Q3 24 | — | -58.5% | ||
| Q2 24 | — | -91.3% | ||
| Q1 24 | — | -79.3% |
| Q4 25 | — | 117.2% | ||
| Q3 25 | — | 91.4% | ||
| Q2 25 | — | 97.3% | ||
| Q1 25 | — | 94.7% | ||
| Q4 24 | — | 108.4% | ||
| Q3 24 | — | 86.2% | ||
| Q2 24 | — | 94.2% | ||
| Q1 24 | — | 101.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.56× | — | ||
| Q1 24 | — | 0.07× |
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% |
SHEN
| Residential And SMB Incumbent Broadband | $41.5M | 45% |
| Residential And SMB Glo Fiber Expansion Markets | $23.0M | 25% |
| Commercial Fiber | $20.3M | 22% |
| RLEC Other | $6.8M | 7% |
