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Side-by-side financial comparison of Ranpak Holdings Corp. (PACK) and TRUSTCO BANK CORP N Y (TRST). Click either name above to swap in a different company.

Ranpak Holdings Corp. is the larger business by last-quarter revenue ($93.7M vs $49.5M, roughly 1.9× TRUSTCO BANK CORP N Y). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs 6.8%).

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...

TRUSTCO BANK CORP N Y is a regional U.S. financial holding company that provides a full suite of retail and commercial banking products and services, including personal deposit accounts, mortgage loans, small business financing, and wealth management solutions. It primarily operates across New York, Florida, and several other U.S. states, serving individual consumers and small business client segments.

PACK vs TRST — Head-to-Head

Bigger by revenue
PACK
PACK
1.9× larger
PACK
$93.7M
$49.5M
TRST
Faster 2-yr revenue CAGR
PACK
PACK
Annualised
PACK
13.7%
6.8%
TRST

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
PACK
PACK
TRST
TRST
Revenue
$93.7M
$49.5M
Net Profit
$16.3M
Gross Margin
39.0%
Operating Margin
-1.0%
Net Margin
32.9%
Revenue YoY
2.3%
Net Profit YoY
14.1%
EPS (diluted)
$-0.11

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
TRST
TRST
Q1 26
$49.5M
Q4 25
$93.7M
$48.2M
Q3 25
$83.6M
$47.8M
Q2 25
$77.8M
$46.6M
Q1 25
$77.6M
$45.3M
Q4 24
$91.6M
$43.3M
Q3 24
$78.6M
$43.6M
Q2 24
$72.8M
$43.4M
Net Profit
PACK
PACK
TRST
TRST
Q1 26
$16.3M
Q4 25
$15.6M
Q3 25
$-10.4M
$16.3M
Q2 25
$-7.5M
$15.0M
Q1 25
$-10.9M
$14.3M
Q4 24
$11.3M
Q3 24
$-8.1M
$12.9M
Q2 24
$5.5M
$12.6M
Gross Margin
PACK
PACK
TRST
TRST
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%
Operating Margin
PACK
PACK
TRST
TRST
Q1 26
Q4 25
-1.0%
43.7%
Q3 25
-6.8%
44.6%
Q2 25
-12.5%
42.3%
Q1 25
-10.3%
41.3%
Q4 24
1.5%
34.0%
Q3 24
-5.3%
38.8%
Q2 24
-7.1%
37.9%
Net Margin
PACK
PACK
TRST
TRST
Q1 26
32.9%
Q4 25
32.3%
Q3 25
-12.4%
34.0%
Q2 25
-9.6%
32.3%
Q1 25
-14.0%
31.5%
Q4 24
26.0%
Q3 24
-10.3%
29.5%
Q2 24
7.6%
28.9%
EPS (diluted)
PACK
PACK
TRST
TRST
Q1 26
Q4 25
$-0.11
$0.85
Q3 25
$-0.12
$0.86
Q2 25
$-0.09
$0.79
Q1 25
$-0.13
$0.75
Q4 24
$-0.13
$0.59
Q3 24
$-0.10
$0.68
Q2 24
$0.07
$0.66

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PACK
PACK
TRST
TRST
Cash + ST InvestmentsLiquidity on hand
$63.0M
Total DebtLower is stronger
$401.9M
$112.9M
Stockholders' EquityBook value
$534.9M
$670.9M
Total Assets
$1.1B
$6.5B
Debt / EquityLower = less leverage
0.75×
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PACK
PACK
TRST
TRST
Q1 26
Q4 25
$63.0M
$730.4M
Q3 25
$49.9M
$695.6M
Q2 25
$49.2M
$713.6M
Q1 25
$65.5M
$756.1M
Q4 24
$76.1M
$641.8M
Q3 24
$69.5M
$523.0M
Q2 24
$65.1M
$536.1M
Total Debt
PACK
PACK
TRST
TRST
Q1 26
$112.9M
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
Stockholders' Equity
PACK
PACK
TRST
TRST
Q1 26
$670.9M
Q4 25
$534.9M
$686.6M
Q3 25
$537.8M
$692.0M
Q2 25
$539.0M
$692.8M
Q1 25
$544.1M
$687.8M
Q4 24
$548.1M
$676.3M
Q3 24
$564.3M
$669.0M
Q2 24
$566.2M
$655.2M
Total Assets
PACK
PACK
TRST
TRST
Q1 26
$6.5B
Q4 25
$1.1B
$6.4B
Q3 25
$1.1B
$6.3B
Q2 25
$1.1B
$6.3B
Q1 25
$1.1B
$6.3B
Q4 24
$1.1B
$6.2B
Q3 24
$1.1B
$6.1B
Q2 24
$1.1B
$6.1B
Debt / Equity
PACK
PACK
TRST
TRST
Q1 26
0.17×
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
PACK
PACK
TRST
TRST
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.

Operating Cash Flow
PACK
PACK
TRST
TRST
Q1 26
Q4 25
$19.5M
$57.6M
Q3 25
$8.5M
$12.8M
Q2 25
$-3.6M
$27.1M
Q1 25
$-1.3M
$1.3M
Q4 24
$6.5M
$59.4M
Q3 24
$10.1M
$16.5M
Q2 24
$19.6M
$18.7M
Free Cash Flow
PACK
PACK
TRST
TRST
Q1 26
Q4 25
$45.7M
Q3 25
$10.0M
Q2 25
$24.9M
Q1 25
$-3.3M
Q4 24
$54.6M
Q3 24
$15.6M
Q2 24
$17.6M
FCF Margin
PACK
PACK
TRST
TRST
Q1 26
Q4 25
95.0%
Q3 25
20.9%
Q2 25
53.5%
Q1 25
-7.2%
Q4 24
126.0%
Q3 24
35.7%
Q2 24
40.5%
Capex Intensity
PACK
PACK
TRST
TRST
Q1 26
Q4 25
24.6%
Q3 25
5.9%
Q2 25
4.5%
Q1 25
10.0%
Q4 24
11.3%
Q3 24
2.1%
Q2 24
2.6%
Cash Conversion
PACK
PACK
TRST
TRST
Q1 26
Q4 25
3.70×
Q3 25
0.79×
Q2 25
1.80×
Q1 25
0.09×
Q4 24
5.27×
Q3 24
1.28×
Q2 24
3.56×
1.49×

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%

TRST
TRST

Net Interest Income$44.7M90%
Noninterest Income$4.8M10%

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