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Side-by-side financial comparison of Ranpak Holdings Corp. (PACK) and Stoke Therapeutics, Inc. (STOK). Click either name above to swap in a different company.

Stoke Therapeutics, Inc. is the larger business by last-quarter revenue ($158.6M vs $93.7M, roughly 1.7× Ranpak Holdings Corp.). On growth, Stoke Therapeutics, Inc. posted the faster year-over-year revenue change (3661.1% vs 2.3%).

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...

Stoke Therapeutics, Inc. is a clinical-stage biotechnology company developing innovative RNA-targeted therapies for severe rare genetic diseases. Its lead candidates address unmet needs for Dravet syndrome, a rare epilepsy, and other neurological monogenic disorders, serving patients across North America and global markets.

PACK vs STOK — Head-to-Head

Bigger by revenue
STOK
STOK
1.7× larger
STOK
$158.6M
$93.7M
PACK
Growing faster (revenue YoY)
STOK
STOK
+3658.8% gap
STOK
3661.1%
2.3%
PACK

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
PACK
PACK
STOK
STOK
Revenue
$93.7M
$158.6M
Net Profit
$112.9M
Gross Margin
39.0%
Operating Margin
-1.0%
70.2%
Net Margin
71.2%
Revenue YoY
2.3%
3661.1%
Net Profit YoY
528.0%
EPS (diluted)
$-0.11
$1.90

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
STOK
STOK
Q4 25
$93.7M
Q3 25
$83.6M
Q2 25
$77.8M
Q1 25
$77.6M
$158.6M
Q4 24
$91.6M
$22.6M
Q3 24
$78.6M
Q2 24
$72.8M
Q1 24
$72.5M
Net Profit
PACK
PACK
STOK
STOK
Q4 25
Q3 25
$-10.4M
Q2 25
$-7.5M
Q1 25
$-10.9M
$112.9M
Q4 24
$-10.5M
Q3 24
$-8.1M
Q2 24
$5.5M
Q1 24
$-8.1M
Gross Margin
PACK
PACK
STOK
STOK
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%
Operating Margin
PACK
PACK
STOK
STOK
Q4 25
-1.0%
Q3 25
-6.8%
Q2 25
-12.5%
Q1 25
-10.3%
70.2%
Q4 24
1.5%
-60.4%
Q3 24
-5.3%
Q2 24
-7.1%
Q1 24
-6.6%
Net Margin
PACK
PACK
STOK
STOK
Q4 25
Q3 25
-12.4%
Q2 25
-9.6%
Q1 25
-14.0%
71.2%
Q4 24
-46.4%
Q3 24
-10.3%
Q2 24
7.6%
Q1 24
-11.2%
EPS (diluted)
PACK
PACK
STOK
STOK
Q4 25
$-0.11
Q3 25
$-0.12
Q2 25
$-0.09
Q1 25
$-0.13
$1.90
Q4 24
$-0.13
$-0.15
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
PACK
PACK
STOK
STOK
Cash + ST InvestmentsLiquidity on hand
$63.0M
$274.8M
Total DebtLower is stronger
$401.9M
Stockholders' EquityBook value
$534.9M
$350.1M
Total Assets
$1.1B
$406.9M
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PACK
PACK
STOK
STOK
Q4 25
$63.0M
Q3 25
$49.9M
Q2 25
$49.2M
Q1 25
$65.5M
$274.8M
Q4 24
$76.1M
$128.0M
Q3 24
$69.5M
Q2 24
$65.1M
Q1 24
$55.1M
Total Debt
PACK
PACK
STOK
STOK
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
STOK
STOK
Q4 25
$534.9M
Q3 25
$537.8M
Q2 25
$539.0M
Q1 25
$544.1M
$350.1M
Q4 24
$548.1M
$229.0M
Q3 24
$564.3M
Q2 24
$566.2M
Q1 24
$560.0M
Total Assets
PACK
PACK
STOK
STOK
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$1.1B
$406.9M
Q4 24
$1.1B
$271.6M
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$1.1B
Debt / Equity
PACK
PACK
STOK
STOK
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
STOK
STOK
Operating Cash FlowLast quarter
$19.5M
$131.8M
Free Cash FlowOCF − Capex
$131.7M
FCF MarginFCF / Revenue
83.0%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.17×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PACK
PACK
STOK
STOK
Q4 25
$19.5M
Q3 25
$8.5M
Q2 25
$-3.6M
Q1 25
$-1.3M
$131.8M
Q4 24
$6.5M
$-23.2M
Q3 24
$10.1M
Q2 24
$19.6M
Q1 24
$5.2M
Free Cash Flow
PACK
PACK
STOK
STOK
Q4 25
Q3 25
Q2 25
Q1 25
$131.7M
Q4 24
$-23.2M
Q3 24
Q2 24
Q1 24
FCF Margin
PACK
PACK
STOK
STOK
Q4 25
Q3 25
Q2 25
Q1 25
83.0%
Q4 24
-102.7%
Q3 24
Q2 24
Q1 24
Capex Intensity
PACK
PACK
STOK
STOK
Q4 25
Q3 25
Q2 25
Q1 25
0.1%
Q4 24
0.2%
Q3 24
Q2 24
Q1 24
Cash Conversion
PACK
PACK
STOK
STOK
Q4 25
Q3 25
Q2 25
Q1 25
1.17×
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%

STOK
STOK

Segment breakdown not available.

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