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Side-by-side financial comparison of Ranpak Holdings Corp. (PACK) and Third Coast Bancshares, Inc. (TCBX). Click either name above to swap in a different company.
Ranpak Holdings Corp. is the larger business by last-quarter revenue ($93.7M vs $57.7M, roughly 1.6× Third Coast Bancshares, Inc.). Over the past eight quarters, Third Coast Bancshares, Inc.'s revenue compounded faster (17.5% 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...
Third Coast Bancshares, Inc. is a regional financial holding company headquartered in the U.S. Gulf Coast region. It provides a full suite of commercial and retail banking services including deposit products, business and consumer loans, mortgage services, and wealth management solutions, serving local small and medium-sized enterprises, individual consumers, and community clients across Texas and surrounding areas.
PACK vs TCBX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $93.7M | $57.7M |
| Net Profit | — | $16.4M |
| Gross Margin | 39.0% | — |
| Operating Margin | -1.0% | — |
| Net Margin | — | 28.4% |
| Revenue YoY | 2.3% | — |
| Net Profit YoY | — | 20.5% |
| EPS (diluted) | $-0.11 | $0.88 |
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 | — | $57.7M | ||
| Q4 25 | $93.7M | $56.5M | ||
| Q3 25 | $83.6M | $54.5M | ||
| Q2 25 | $77.8M | $52.0M | ||
| Q1 25 | $77.6M | $45.9M | ||
| Q4 24 | $91.6M | $46.3M | ||
| Q3 24 | $78.6M | $42.9M | ||
| Q2 24 | $72.8M | $41.7M |
| Q1 26 | — | $16.4M | ||
| Q4 25 | — | $17.9M | ||
| Q3 25 | $-10.4M | $18.1M | ||
| Q2 25 | $-7.5M | $16.7M | ||
| Q1 25 | $-10.9M | $13.6M | ||
| Q4 24 | — | $13.7M | ||
| Q3 24 | $-8.1M | $12.8M | ||
| Q2 24 | $5.5M | $10.8M |
| 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% | 38.1% | ||
| Q3 25 | -6.8% | 41.9% | ||
| Q2 25 | -12.5% | 40.5% | ||
| Q1 25 | -10.3% | 37.8% | ||
| Q4 24 | 1.5% | 38.7% | ||
| Q3 24 | -5.3% | 37.9% | ||
| Q2 24 | -7.1% | 34.1% |
| Q1 26 | — | 28.4% | ||
| Q4 25 | — | 31.7% | ||
| Q3 25 | -12.4% | 33.1% | ||
| Q2 25 | -9.6% | 32.2% | ||
| Q1 25 | -14.0% | 29.6% | ||
| Q4 24 | — | 29.7% | ||
| Q3 24 | -10.3% | 29.8% | ||
| Q2 24 | 7.6% | 25.9% |
| Q1 26 | — | $0.88 | ||
| Q4 25 | $-0.11 | $1.02 | ||
| Q3 25 | $-0.12 | $1.03 | ||
| Q2 25 | $-0.09 | $0.96 | ||
| Q1 25 | $-0.13 | $0.78 | ||
| Q4 24 | $-0.13 | $0.80 | ||
| Q3 24 | $-0.10 | $0.74 | ||
| Q2 24 | $0.07 | $0.63 |
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 | — |
| Total DebtLower is stronger | $401.9M | — |
| Stockholders' EquityBook value | $534.9M | $650.5M |
| Total Assets | $1.1B | $6.6B |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $63.0M | $175.2M | ||
| Q3 25 | $49.9M | $116.4M | ||
| Q2 25 | $49.2M | $113.1M | ||
| Q1 25 | $65.5M | $219.0M | ||
| Q4 24 | $76.1M | $371.2M | ||
| Q3 24 | $69.5M | $258.2M | ||
| Q2 24 | $65.1M | $241.8M |
| Q1 26 | — | — | ||
| 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 26 | — | $650.5M | ||
| Q4 25 | $534.9M | $531.0M | ||
| Q3 25 | $537.8M | $513.8M | ||
| Q2 25 | $539.0M | $496.1M | ||
| Q1 25 | $544.1M | $479.8M | ||
| Q4 24 | $548.1M | $460.7M | ||
| Q3 24 | $564.3M | $450.5M | ||
| Q2 24 | $566.2M | $435.0M |
| Q1 26 | — | $6.6B | ||
| Q4 25 | $1.1B | $5.3B | ||
| Q3 25 | $1.1B | $5.1B | ||
| Q2 25 | $1.1B | $4.9B | ||
| Q1 25 | $1.1B | $4.9B | ||
| Q4 24 | $1.1B | $4.9B | ||
| Q3 24 | $1.1B | $4.6B | ||
| Q2 24 | $1.1B | $4.5B |
| Q1 26 | — | — | ||
| 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× | — |
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 | $50.8M | ||
| Q3 25 | $8.5M | $20.7M | ||
| Q2 25 | $-3.6M | $13.9M | ||
| Q1 25 | $-1.3M | $10.5M | ||
| Q4 24 | $6.5M | $35.1M | ||
| Q3 24 | $10.1M | $22.0M | ||
| Q2 24 | $19.6M | $7.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $33.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 72.1% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.84× | ||
| Q3 25 | — | 1.15× | ||
| Q2 25 | — | 0.83× | ||
| Q1 25 | — | 0.77× | ||
| Q4 24 | — | 2.56× | ||
| Q3 24 | — | 1.72× | ||
| Q2 24 | 3.56× | 0.68× |
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% |
TCBX
| Net Interest Income | $53.6M | 93% |
| Noninterest Income | $4.0M | 7% |
