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Side-by-side financial comparison of Ranpak Holdings Corp. (PACK) and SMARTFINANCIAL INC. (SMBK). Click either name above to swap in a different company.
Ranpak Holdings Corp. is the larger business by last-quarter revenue ($93.7M vs $53.8M, roughly 1.7× SMARTFINANCIAL INC.). Over the past eight quarters, SMARTFINANCIAL INC.'s revenue compounded faster (15.4% 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...
SmartFinancial Inc. is a U.S.-based bank holding company that operates its wholly owned subsidiary SmartBank. It offers a full range of retail and commercial banking products including deposit accounts, personal and business loans, mortgage services, and wealth management solutions, primarily serving individual customers and small-to-medium enterprises across the Southeastern United States.
PACK vs SMBK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $93.7M | $53.8M |
| Net Profit | — | $13.7M |
| Gross Margin | 39.0% | — |
| Operating Margin | -1.0% | — |
| Net Margin | — | 25.4% |
| Revenue YoY | 2.3% | — |
| Net Profit YoY | — | 21.6% |
| EPS (diluted) | $-0.11 | $0.81 |
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 | — | $53.8M | ||
| Q4 25 | $93.7M | $53.3M | ||
| Q3 25 | $83.6M | $51.1M | ||
| Q2 25 | $77.8M | $49.2M | ||
| Q1 25 | $77.6M | $46.8M | ||
| Q4 24 | $91.6M | $46.8M | ||
| Q3 24 | $78.6M | $44.2M | ||
| Q2 24 | $72.8M | $40.4M |
| Q1 26 | — | $13.7M | ||
| Q4 25 | — | $13.7M | ||
| Q3 25 | $-10.4M | $13.7M | ||
| Q2 25 | $-7.5M | $11.7M | ||
| Q1 25 | $-10.9M | $11.3M | ||
| Q4 24 | — | $9.6M | ||
| Q3 24 | $-8.1M | $9.1M | ||
| Q2 24 | $5.5M | $8.0M |
| 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% | 31.3% | ||
| Q3 25 | -6.8% | 33.2% | ||
| Q2 25 | -12.5% | 29.0% | ||
| Q1 25 | -10.3% | 29.0% | ||
| Q4 24 | 1.5% | 26.5% | ||
| Q3 24 | -5.3% | 24.3% | ||
| Q2 24 | -7.1% | 25.6% |
| Q1 26 | — | 25.4% | ||
| Q4 25 | — | 25.7% | ||
| Q3 25 | -12.4% | 26.8% | ||
| Q2 25 | -9.6% | 23.8% | ||
| Q1 25 | -14.0% | 24.0% | ||
| Q4 24 | — | 20.6% | ||
| Q3 24 | -10.3% | 20.7% | ||
| Q2 24 | 7.6% | 19.8% |
| Q1 26 | — | $0.81 | ||
| Q4 25 | $-0.11 | $0.81 | ||
| Q3 25 | $-0.12 | $0.81 | ||
| Q2 25 | $-0.09 | $0.69 | ||
| Q1 25 | $-0.13 | $0.67 | ||
| Q4 24 | $-0.13 | $0.57 | ||
| Q3 24 | $-0.10 | $0.54 | ||
| Q2 24 | $0.07 | $0.48 |
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 | $346.1M |
| Total DebtLower is stronger | $401.9M | — |
| Stockholders' EquityBook value | $534.9M | $562.2M |
| Total Assets | $1.1B | $5.9B |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $346.1M | ||
| Q4 25 | $63.0M | $464.4M | ||
| Q3 25 | $49.9M | $557.1M | ||
| Q2 25 | $49.2M | $365.1M | ||
| Q1 25 | $65.5M | $423.0M | ||
| Q4 24 | $76.1M | $387.6M | ||
| Q3 24 | $69.5M | $192.9M | ||
| Q2 24 | $65.1M | $342.8M |
| Q1 26 | — | — | ||
| Q4 25 | $401.9M | — | ||
| Q3 25 | $403.1M | $1.3M | ||
| Q2 25 | $403.1M | $7.0M | ||
| Q1 25 | $405.2M | $7.6M | ||
| Q4 24 | $406.4M | $8.1M | ||
| Q3 24 | $403.2M | $9.0M | ||
| Q2 24 | $396.1M | $12.7M |
| Q1 26 | — | $562.2M | ||
| Q4 25 | $534.9M | $552.4M | ||
| Q3 25 | $537.8M | $538.4M | ||
| Q2 25 | $539.0M | $519.0M | ||
| Q1 25 | $544.1M | $505.8M | ||
| Q4 24 | $548.1M | $491.3M | ||
| Q3 24 | $564.3M | $489.0M | ||
| Q2 24 | $566.2M | $472.5M |
| Q1 26 | — | $5.9B | ||
| Q4 25 | $1.1B | $5.9B | ||
| Q3 25 | $1.1B | $5.8B | ||
| Q2 25 | $1.1B | $5.5B | ||
| Q1 25 | $1.1B | $5.4B | ||
| Q4 24 | $1.1B | $5.3B | ||
| Q3 24 | $1.1B | $4.9B | ||
| Q2 24 | $1.1B | $4.9B |
| Q1 26 | — | — | ||
| Q4 25 | 0.75× | — | ||
| Q3 25 | 0.75× | 0.00× | ||
| Q2 25 | 0.75× | 0.01× | ||
| Q1 25 | 0.74× | 0.02× | ||
| Q4 24 | 0.74× | 0.02× | ||
| Q3 24 | 0.71× | 0.02× | ||
| Q2 24 | 0.70× | 0.03× |
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 | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $19.5M | $61.7M | ||
| Q3 25 | $8.5M | $16.9M | ||
| Q2 25 | $-3.6M | $14.0M | ||
| Q1 25 | $-1.3M | $14.3M | ||
| Q4 24 | $6.5M | $52.7M | ||
| Q3 24 | $10.1M | $12.4M | ||
| Q2 24 | $19.6M | $16.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $59.3M | ||
| Q3 25 | — | $16.6M | ||
| Q2 25 | — | $13.2M | ||
| Q1 25 | — | $13.4M | ||
| Q4 24 | — | $46.3M | ||
| Q3 24 | — | $11.3M | ||
| Q2 24 | — | $15.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 111.3% | ||
| Q3 25 | — | 32.4% | ||
| Q2 25 | — | 26.9% | ||
| Q1 25 | — | 28.5% | ||
| Q4 24 | — | 98.9% | ||
| Q3 24 | — | 25.7% | ||
| Q2 24 | — | 38.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.5% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 13.7% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 2.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.50× | ||
| Q3 25 | — | 1.23× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | 1.27× | ||
| Q4 24 | — | 5.47× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | 3.56× | 2.07× |
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% |
SMBK
| Net Interest Income | $45.9M | 85% |
| Noninterest Income | $7.9M | 15% |
