vs
Side-by-side financial comparison of Ranpak Holdings Corp. (PACK) and TANGER INC. (SKT). Click either name above to swap in a different company.
TANGER INC. is the larger business by last-quarter revenue ($150.4M vs $93.7M, roughly 1.6× Ranpak Holdings Corp.). On growth, TANGER INC. posted the faster year-over-year revenue change (11.1% vs 2.3%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs 8.0%).
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...
Tanger Inc. is a real estate investment trust headquartered in Greensboro, North Carolina, that invests in open air outlet and lifestyle shopping centers in the United States and Canada.
PACK vs SKT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $93.7M | $150.4M |
| Net Profit | — | $29.4M |
| Gross Margin | 39.0% | — |
| Operating Margin | -1.0% | — |
| Net Margin | — | 19.6% |
| Revenue YoY | 2.3% | 11.1% |
| Net Profit YoY | — | 47.1% |
| EPS (diluted) | $-0.11 | $1.05 |
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.
| Q1 26 | — | $150.4M | ||
| Q4 25 | $93.7M | $151.0M | ||
| Q3 25 | $83.6M | $145.2M | ||
| Q2 25 | $77.8M | $140.7M | ||
| Q1 25 | $77.6M | $135.4M | ||
| Q4 24 | $91.6M | $132.2M | ||
| Q3 24 | $78.6M | $133.0M | ||
| Q2 24 | $72.8M | $129.0M |
| Q1 26 | — | $29.4M | ||
| Q4 25 | — | — | ||
| Q3 25 | $-10.4M | $32.0M | ||
| Q2 25 | $-7.5M | $30.1M | ||
| Q1 25 | $-10.9M | $19.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-8.1M | $24.9M | ||
| Q2 24 | $5.5M | $24.8M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | -1.0% | — | ||
| Q3 25 | -6.8% | 20.1% | ||
| Q2 25 | -12.5% | 20.1% | ||
| Q1 25 | -10.3% | 13.0% | ||
| Q4 24 | 1.5% | — | ||
| Q3 24 | -5.3% | 17.8% | ||
| Q2 24 | -7.1% | 17.8% |
| Q1 26 | — | 19.6% | ||
| Q4 25 | — | — | ||
| Q3 25 | -12.4% | 22.1% | ||
| Q2 25 | -9.6% | 21.4% | ||
| Q1 25 | -14.0% | 14.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | -10.3% | 18.7% | ||
| Q2 24 | 7.6% | 19.3% |
| Q1 26 | — | $1.05 | ||
| Q4 25 | $-0.11 | — | ||
| Q3 25 | $-0.12 | $0.28 | ||
| Q2 25 | $-0.09 | $0.26 | ||
| Q1 25 | $-0.13 | $0.17 | ||
| Q4 24 | $-0.13 | — | ||
| Q3 24 | $-0.10 | $0.22 | ||
| Q2 24 | $0.07 | $0.22 |
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 | $227.4M |
| Total DebtLower is stronger | $401.9M | — |
| Stockholders' EquityBook value | $534.9M | $697.8M |
| Total Assets | $1.1B | $2.8B |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $227.4M | ||
| Q4 25 | $63.0M | $18.1M | ||
| Q3 25 | $49.9M | $13.0M | ||
| Q2 25 | $49.2M | $9.7M | ||
| Q1 25 | $65.5M | $10.2M | ||
| Q4 24 | $76.1M | $47.0M | ||
| Q3 24 | $69.5M | $11.1M | ||
| Q2 24 | $65.1M | $11.3M |
| Q1 26 | — | — | ||
| Q4 25 | $401.9M | — | ||
| Q3 25 | $403.1M | $1.6B | ||
| Q2 25 | $403.1M | $1.5B | ||
| Q1 25 | $405.2M | $1.6B | ||
| Q4 24 | $406.4M | $1.4B | ||
| Q3 24 | $403.2M | $1.4B | ||
| Q2 24 | $396.1M | $1.5B |
| Q1 26 | — | $697.8M | ||
| Q4 25 | $534.9M | — | ||
| Q3 25 | $537.8M | $703.6M | ||
| Q2 25 | $539.0M | $635.2M | ||
| Q1 25 | $544.1M | $633.9M | ||
| Q4 24 | $548.1M | $652.4M | ||
| Q3 24 | $564.3M | $568.3M | ||
| Q2 24 | $566.2M | $553.7M |
| Q1 26 | — | $2.8B | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | $2.6B | ||
| Q2 25 | $1.1B | $2.5B | ||
| Q1 25 | $1.1B | $2.5B | ||
| Q4 24 | $1.1B | $2.4B | ||
| Q3 24 | $1.1B | $2.3B | ||
| Q2 24 | $1.1B | $2.3B |
| Q1 26 | — | — | ||
| Q4 25 | 0.75× | — | ||
| Q3 25 | 0.75× | 2.29× | ||
| Q2 25 | 0.75× | 2.40× | ||
| Q1 25 | 0.74× | 2.47× | ||
| Q4 24 | 0.74× | 2.18× | ||
| Q3 24 | 0.71× | 2.51× | ||
| Q2 24 | 0.70× | 2.64× |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 6.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $19.5M | — | ||
| Q3 25 | $8.5M | $74.3M | ||
| Q2 25 | $-3.6M | $82.0M | ||
| Q1 25 | $-1.3M | $41.4M | ||
| Q4 24 | $6.5M | — | ||
| Q3 24 | $10.1M | $65.2M | ||
| Q2 24 | $19.6M | $72.8M |
| Q1 26 | — | 6.6% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 2.32× | ||
| Q2 25 | — | 2.73× | ||
| Q1 25 | — | 2.16× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.62× | ||
| Q2 24 | 3.56× | 2.93× |
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% |
SKT
| Rental revenue | $143.5M | 95% |
| Other revenue | $4.7M | 3% |
| Management, leasing and other services | $2.2M | 1% |
