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Side-by-side financial comparison of Ranpak Holdings Corp. (PACK) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.
SMITH & WESSON BRANDS, INC. is the larger business by last-quarter revenue ($124.7M vs $93.7M, roughly 1.3× Ranpak Holdings Corp.). On growth, Ranpak Holdings Corp. posted the faster year-over-year revenue change (2.3% vs -3.9%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs -4.8%).
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...
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
PACK vs SWBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $93.7M | $124.7M |
| Net Profit | — | $1.9M |
| Gross Margin | 39.0% | 24.3% |
| Operating Margin | -1.0% | 3.3% |
| Net Margin | — | 1.5% |
| Revenue YoY | 2.3% | -3.9% |
| Net Profit YoY | — | -53.6% |
| EPS (diluted) | $-0.11 | $0.04 |
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 | $124.7M | ||
| Q3 25 | $83.6M | $85.1M | ||
| Q2 25 | $77.8M | $140.8M | ||
| Q1 25 | $77.6M | $115.9M | ||
| Q4 24 | $91.6M | $129.7M | ||
| Q3 24 | $78.6M | $88.3M | ||
| Q2 24 | $72.8M | $159.1M | ||
| Q1 24 | $72.5M | $137.5M |
| Q4 25 | — | $1.9M | ||
| Q3 25 | $-10.4M | $-3.4M | ||
| Q2 25 | $-7.5M | $8.6M | ||
| Q1 25 | $-10.9M | $2.1M | ||
| Q4 24 | — | $4.5M | ||
| Q3 24 | $-8.1M | $-1.9M | ||
| Q2 24 | $5.5M | $27.9M | ||
| Q1 24 | $-8.1M | $7.9M |
| Q4 25 | 39.0% | 24.3% | ||
| Q3 25 | 41.1% | 25.9% | ||
| Q2 25 | 37.1% | 28.8% | ||
| Q1 25 | 39.8% | 24.1% | ||
| Q4 24 | 45.2% | 26.6% | ||
| Q3 24 | 43.8% | 27.4% | ||
| Q2 24 | 43.5% | 35.5% | ||
| Q1 24 | 44.6% | 28.7% |
| Q4 25 | -1.0% | 3.3% | ||
| Q3 25 | -6.8% | -3.5% | ||
| Q2 25 | -12.5% | 9.3% | ||
| Q1 25 | -10.3% | 4.1% | ||
| Q4 24 | 1.5% | 5.8% | ||
| Q3 24 | -5.3% | -1.7% | ||
| Q2 24 | -7.1% | 17.4% | ||
| Q1 24 | -6.6% | 8.2% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | -12.4% | -4.0% | ||
| Q2 25 | -9.6% | 6.1% | ||
| Q1 25 | -14.0% | 1.8% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | -10.3% | -2.1% | ||
| Q2 24 | 7.6% | 17.5% | ||
| Q1 24 | -11.2% | 5.7% |
| Q4 25 | $-0.11 | $0.04 | ||
| Q3 25 | $-0.12 | $-0.08 | ||
| Q2 25 | $-0.09 | $0.19 | ||
| Q1 25 | $-0.13 | $0.05 | ||
| Q4 24 | $-0.13 | $0.10 | ||
| Q3 24 | $-0.10 | $-0.04 | ||
| Q2 24 | $0.07 | $0.60 | ||
| Q1 24 | $-0.10 | $0.17 |
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 | $22.4M |
| Total DebtLower is stronger | $401.9M | — |
| Stockholders' EquityBook value | $534.9M | $363.2M |
| Total Assets | $1.1B | $548.6M |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.0M | $22.4M | ||
| Q3 25 | $49.9M | $18.0M | ||
| Q2 25 | $49.2M | $25.2M | ||
| Q1 25 | $65.5M | $26.7M | ||
| Q4 24 | $76.1M | $39.1M | ||
| Q3 24 | $69.5M | $35.5M | ||
| Q2 24 | $65.1M | $60.8M | ||
| Q1 24 | $55.1M | $47.4M |
| 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 | — |
| Q4 25 | $534.9M | $363.2M | ||
| Q3 25 | $537.8M | $364.4M | ||
| Q2 25 | $539.0M | $372.5M | ||
| Q1 25 | $544.1M | $366.9M | ||
| Q4 24 | $548.1M | $371.5M | ||
| Q3 24 | $564.3M | $380.0M | ||
| Q2 24 | $566.2M | $399.9M | ||
| Q1 24 | $560.0M | $376.4M |
| Q4 25 | $1.1B | $548.6M | ||
| Q3 25 | $1.1B | $554.6M | ||
| Q2 25 | $1.1B | $559.6M | ||
| Q1 25 | $1.1B | $578.9M | ||
| Q4 24 | $1.1B | $587.4M | ||
| Q3 24 | $1.1B | $571.3M | ||
| Q2 24 | $1.1B | $577.4M | ||
| Q1 24 | $1.1B | $570.6M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $19.5M | $27.3M |
| Free Cash FlowOCF − Capex | — | $16.3M |
| FCF MarginFCF / Revenue | — | 13.1% |
| Capex IntensityCapex / Revenue | — | 8.8% |
| Cash ConversionOCF / Net Profit | — | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.5M | $27.3M | ||
| Q3 25 | $8.5M | $-8.1M | ||
| Q2 25 | $-3.6M | $40.8M | ||
| Q1 25 | $-1.3M | $-9.8M | ||
| Q4 24 | $6.5M | $-7.4M | ||
| Q3 24 | $10.1M | $-30.8M | ||
| Q2 24 | $19.6M | $43.7M | ||
| Q1 24 | $5.2M | $25.2M |
| Q4 25 | — | $16.3M | ||
| Q3 25 | — | $-12.4M | ||
| Q2 25 | — | $33.5M | ||
| Q1 25 | — | $-16.1M | ||
| Q4 24 | — | $-10.7M | ||
| Q3 24 | — | $-35.5M | ||
| Q2 24 | — | $38.2M | ||
| Q1 24 | — | $7.0M |
| Q4 25 | — | 13.1% | ||
| Q3 25 | — | -14.6% | ||
| Q2 25 | — | 23.8% | ||
| Q1 25 | — | -13.9% | ||
| Q4 24 | — | -8.3% | ||
| Q3 24 | — | -40.2% | ||
| Q2 24 | — | 24.0% | ||
| Q1 24 | — | 5.1% |
| Q4 25 | — | 8.8% | ||
| Q3 25 | — | 5.0% | ||
| Q2 25 | — | 5.2% | ||
| Q1 25 | — | 5.4% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 5.3% | ||
| Q2 24 | — | 3.5% | ||
| Q1 24 | — | 13.2% |
| Q4 25 | — | 14.22× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.73× | ||
| Q1 25 | — | -4.68× | ||
| Q4 24 | — | -1.63× | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.56× | 1.57× | ||
| Q1 24 | — | 3.20× |
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% |
SWBI
Segment breakdown not available.
