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Side-by-side financial comparison of Ranpak Holdings Corp. (PACK) and VICOR CORP (VICR). Click either name above to swap in a different company.
VICOR CORP is the larger business by last-quarter revenue ($113.0M vs $93.7M, roughly 1.2× Ranpak Holdings Corp.). On growth, VICOR CORP posted the faster year-over-year revenue change (20.2% vs 2.3%). Over the past eight quarters, VICOR CORP's revenue compounded faster (14.7% 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...
Vicor Corporation is a manufacturer of power modules headquartered in Andover, Massachusetts.
PACK vs VICR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $93.7M | $113.0M |
| Net Profit | — | $20.7M |
| Gross Margin | 39.0% | — |
| Operating Margin | -1.0% | 59.7% |
| Net Margin | — | 18.3% |
| Revenue YoY | 2.3% | 20.2% |
| Net Profit YoY | — | 713.9% |
| EPS (diluted) | $-0.11 | $0.44 |
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 | — | $113.0M | ||
| Q4 25 | $93.7M | $107.3M | ||
| Q3 25 | $83.6M | $110.4M | ||
| Q2 25 | $77.8M | $96.0M | ||
| Q1 25 | $77.6M | $94.0M | ||
| Q4 24 | $91.6M | $96.2M | ||
| Q3 24 | $78.6M | $93.2M | ||
| Q2 24 | $72.8M | $85.9M |
| Q1 26 | — | $20.7M | ||
| Q4 25 | — | $46.5M | ||
| Q3 25 | $-10.4M | $28.3M | ||
| Q2 25 | $-7.5M | $41.2M | ||
| Q1 25 | $-10.9M | $2.5M | ||
| Q4 24 | — | $10.2M | ||
| Q3 24 | $-8.1M | $11.6M | ||
| Q2 24 | $5.5M | $-1.2M |
| Q1 26 | — | — | ||
| Q4 25 | 39.0% | 55.4% | ||
| Q3 25 | 41.1% | 57.5% | ||
| Q2 25 | 37.1% | 95.9% | ||
| Q1 25 | 39.8% | 47.2% | ||
| Q4 24 | 45.2% | 52.4% | ||
| Q3 24 | 43.8% | 49.1% | ||
| Q2 24 | 43.5% | 49.8% |
| Q1 26 | — | 59.7% | ||
| Q4 25 | -1.0% | 14.6% | ||
| Q3 25 | -6.8% | 18.9% | ||
| Q2 25 | -12.5% | 47.3% | ||
| Q1 25 | -10.3% | -0.2% | ||
| Q4 24 | 1.5% | 9.6% | ||
| Q3 24 | -5.3% | 5.8% | ||
| Q2 24 | -7.1% | 0.2% |
| Q1 26 | — | 18.3% | ||
| Q4 25 | — | 43.4% | ||
| Q3 25 | -12.4% | 25.6% | ||
| Q2 25 | -9.6% | 42.9% | ||
| Q1 25 | -14.0% | 2.7% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | -10.3% | 12.4% | ||
| Q2 24 | 7.6% | -1.4% |
| Q1 26 | — | $0.44 | ||
| Q4 25 | $-0.11 | $1.01 | ||
| Q3 25 | $-0.12 | $0.63 | ||
| Q2 25 | $-0.09 | $0.91 | ||
| Q1 25 | $-0.13 | $0.06 | ||
| Q4 24 | $-0.13 | $0.24 | ||
| Q3 24 | $-0.10 | $0.26 | ||
| Q2 24 | $0.07 | $-0.03 |
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 | $404.2M |
| Total DebtLower is stronger | $401.9M | — |
| Stockholders' EquityBook value | $534.9M | $754.1M |
| Total Assets | $1.1B | $804.9M |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $404.2M | ||
| Q4 25 | $63.0M | $402.8M | ||
| Q3 25 | $49.9M | $362.4M | ||
| Q2 25 | $49.2M | $338.5M | ||
| Q1 25 | $65.5M | $296.1M | ||
| Q4 24 | $76.1M | $277.3M | ||
| Q3 24 | $69.5M | $267.6M | ||
| Q2 24 | $65.1M | $251.9M |
| 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 | — | $754.1M | ||
| Q4 25 | $534.9M | $711.6M | ||
| Q3 25 | $537.8M | $630.1M | ||
| Q2 25 | $539.0M | $608.6M | ||
| Q1 25 | $544.1M | $580.3M | ||
| Q4 24 | $548.1M | $570.1M | ||
| Q3 24 | $564.3M | $554.6M | ||
| Q2 24 | $566.2M | $537.2M |
| Q1 26 | — | $804.9M | ||
| Q4 25 | $1.1B | $785.8M | ||
| Q3 25 | $1.1B | $710.2M | ||
| Q2 25 | $1.1B | $693.5M | ||
| Q1 25 | $1.1B | $665.0M | ||
| Q4 24 | $1.1B | $641.1M | ||
| Q3 24 | $1.1B | $632.8M | ||
| Q2 24 | $1.1B | $613.2M |
| 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 | $15.7M | ||
| Q3 25 | $8.5M | $38.5M | ||
| Q2 25 | $-3.6M | $65.2M | ||
| Q1 25 | $-1.3M | $20.1M | ||
| Q4 24 | $6.5M | $10.1M | ||
| Q3 24 | $10.1M | $22.6M | ||
| Q2 24 | $19.6M | $15.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $10.2M | ||
| Q3 25 | — | $34.5M | ||
| Q2 25 | — | $59.0M | ||
| Q1 25 | — | $15.6M | ||
| Q4 24 | — | $8.4M | ||
| Q3 24 | — | $14.1M | ||
| Q2 24 | — | $9.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.5% | ||
| Q3 25 | — | 31.2% | ||
| Q2 25 | — | 61.5% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | 8.7% | ||
| Q3 24 | — | 15.2% | ||
| Q2 24 | — | 11.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.2% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 6.5% | ||
| Q1 25 | — | 4.8% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | — | 9.1% | ||
| Q2 24 | — | 7.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.34× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 1.58× | ||
| Q1 25 | — | 7.93× | ||
| Q4 24 | — | 0.99× | ||
| Q3 24 | — | 1.95× | ||
| Q2 24 | 3.56× | — |
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% |
VICR
| Product revenue | $98.0M | 87% |
| Royalty revenue | $15.0M | 13% |
