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Side-by-side financial comparison of Ranpak Holdings Corp. (PACK) and TACTILE SYSTEMS TECHNOLOGY INC (TCMD). Click either name above to swap in a different company.
TACTILE SYSTEMS TECHNOLOGY INC is the larger business by last-quarter revenue ($103.6M vs $93.7M, roughly 1.1× Ranpak Holdings Corp.). On growth, TACTILE SYSTEMS TECHNOLOGY INC posted the faster year-over-year revenue change (21.0% vs 2.3%). Over the past eight quarters, TACTILE SYSTEMS TECHNOLOGY INC's revenue compounded faster (30.2% 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...
Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the United States.
PACK vs TCMD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $93.7M | $103.6M |
| Net Profit | — | $10.6M |
| Gross Margin | 39.0% | 78.2% |
| Operating Margin | -1.0% | 18.1% |
| Net Margin | — | 10.3% |
| Revenue YoY | 2.3% | 21.0% |
| Net Profit YoY | — | 9.4% |
| EPS (diluted) | $-0.11 | $0.45 |
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 | $103.6M | ||
| Q3 25 | $83.6M | $85.8M | ||
| Q2 25 | $77.8M | $78.9M | ||
| Q1 25 | $77.6M | $61.3M | ||
| Q4 24 | $91.6M | $85.6M | ||
| Q3 24 | $78.6M | $73.1M | ||
| Q2 24 | $72.8M | $73.2M | ||
| Q1 24 | $72.5M | $61.1M |
| Q4 25 | — | $10.6M | ||
| Q3 25 | $-10.4M | $8.2M | ||
| Q2 25 | $-7.5M | $3.2M | ||
| Q1 25 | $-10.9M | $-3.0M | ||
| Q4 24 | — | $9.7M | ||
| Q3 24 | $-8.1M | $5.2M | ||
| Q2 24 | $5.5M | $4.3M | ||
| Q1 24 | $-8.1M | $-2.2M |
| Q4 25 | 39.0% | 78.2% | ||
| Q3 25 | 41.1% | 75.8% | ||
| Q2 25 | 37.1% | 74.5% | ||
| Q1 25 | 39.8% | 74.0% | ||
| Q4 24 | 45.2% | 75.2% | ||
| Q3 24 | 43.8% | 75.0% | ||
| Q2 24 | 43.5% | 73.9% | ||
| Q1 24 | 44.6% | 71.1% |
| Q4 25 | -1.0% | 18.1% | ||
| Q3 25 | -6.8% | 12.8% | ||
| Q2 25 | -12.5% | 5.2% | ||
| Q1 25 | -10.3% | -7.4% | ||
| Q4 24 | 1.5% | 14.6% | ||
| Q3 24 | -5.3% | 9.3% | ||
| Q2 24 | -7.1% | 8.0% | ||
| Q1 24 | -6.6% | -4.9% |
| Q4 25 | — | 10.3% | ||
| Q3 25 | -12.4% | 9.6% | ||
| Q2 25 | -9.6% | 4.1% | ||
| Q1 25 | -14.0% | -4.9% | ||
| Q4 24 | — | 11.4% | ||
| Q3 24 | -10.3% | 7.1% | ||
| Q2 24 | 7.6% | 5.9% | ||
| Q1 24 | -11.2% | -3.6% |
| Q4 25 | $-0.11 | $0.45 | ||
| Q3 25 | $-0.12 | $0.36 | ||
| Q2 25 | $-0.09 | $0.14 | ||
| Q1 25 | $-0.13 | $-0.13 | ||
| Q4 24 | $-0.13 | $0.40 | ||
| Q3 24 | $-0.10 | $0.21 | ||
| Q2 24 | $0.07 | $0.18 | ||
| Q1 24 | $-0.10 | $-0.09 |
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 | $83.4M |
| Total DebtLower is stronger | $401.9M | $0 |
| Stockholders' EquityBook value | $534.9M | $218.9M |
| Total Assets | $1.1B | $273.9M |
| Debt / EquityLower = less leverage | 0.75× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.0M | $83.4M | ||
| Q3 25 | $49.9M | $66.0M | ||
| Q2 25 | $49.2M | $81.5M | ||
| Q1 25 | $65.5M | $83.6M | ||
| Q4 24 | $76.1M | $94.4M | ||
| Q3 24 | $69.5M | $82.1M | ||
| Q2 24 | $65.1M | $73.6M | ||
| Q1 24 | $55.1M | $60.7M |
| Q4 25 | $401.9M | $0 | ||
| Q3 25 | $403.1M | $0 | ||
| Q2 25 | $403.1M | — | ||
| Q1 25 | $405.2M | — | ||
| Q4 24 | $406.4M | — | ||
| Q3 24 | $403.2M | $27.0M | ||
| Q2 24 | $396.1M | $27.8M | ||
| Q1 24 | $396.7M | $28.5M |
| Q4 25 | $534.9M | $218.9M | ||
| Q3 25 | $537.8M | $204.9M | ||
| Q2 25 | $539.0M | $194.9M | ||
| Q1 25 | $544.1M | $205.6M | ||
| Q4 24 | $548.1M | $216.6M | ||
| Q3 24 | $564.3M | $207.9M | ||
| Q2 24 | $566.2M | $200.7M | ||
| Q1 24 | $560.0M | $193.5M |
| Q4 25 | $1.1B | $273.9M | ||
| Q3 25 | $1.1B | $259.2M | ||
| Q2 25 | $1.1B | $273.0M | ||
| Q1 25 | $1.1B | $280.2M | ||
| Q4 24 | $1.1B | $297.9M | ||
| Q3 24 | $1.1B | $287.7M | ||
| Q2 24 | $1.1B | $278.8M | ||
| Q1 24 | $1.1B | $272.0M |
| Q4 25 | 0.75× | 0.00× | ||
| Q3 25 | 0.75× | 0.00× | ||
| Q2 25 | 0.75× | — | ||
| Q1 25 | 0.74× | — | ||
| Q4 24 | 0.74× | — | ||
| Q3 24 | 0.71× | 0.13× | ||
| Q2 24 | 0.70× | 0.14× | ||
| Q1 24 | 0.71× | 0.15× |
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 | $17.3M |
| Free Cash FlowOCF − Capex | — | $16.8M |
| FCF MarginFCF / Revenue | — | 16.2% |
| Capex IntensityCapex / Revenue | — | 0.5% |
| Cash ConversionOCF / Net Profit | — | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | — | $40.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.5M | $17.3M | ||
| Q3 25 | $8.5M | $10.3M | ||
| Q2 25 | $-3.6M | $14.8M | ||
| Q1 25 | $-1.3M | $417.0K | ||
| Q4 24 | $6.5M | $16.3M | ||
| Q3 24 | $10.1M | $10.3M | ||
| Q2 24 | $19.6M | $13.1M | ||
| Q1 24 | $5.2M | $924.0K |
| Q4 25 | — | $16.8M | ||
| Q3 25 | — | $9.2M | ||
| Q2 25 | — | $14.4M | ||
| Q1 25 | — | $38.0K | ||
| Q4 24 | — | $15.9M | ||
| Q3 24 | — | $9.3M | ||
| Q2 24 | — | $12.6M | ||
| Q1 24 | — | $442.0K |
| Q4 25 | — | 16.2% | ||
| Q3 25 | — | 10.8% | ||
| Q2 25 | — | 18.2% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 18.5% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 17.3% | ||
| Q1 24 | — | 0.7% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 0.8% |
| Q4 25 | — | 1.63× | ||
| Q3 25 | — | 1.26× | ||
| Q2 25 | — | 4.59× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | — | 1.99× | ||
| Q2 24 | 3.56× | 3.06× | ||
| Q1 24 | — | — |
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% |
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
