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Side-by-side financial comparison of Ranpak Holdings Corp. (PACK) and VIEMED HEALTHCARE, INC. (VMD). Click either name above to swap in a different company.
Ranpak Holdings Corp. is the larger business by last-quarter revenue ($93.7M vs $76.2M, roughly 1.2× VIEMED HEALTHCARE, INC.). On growth, VIEMED HEALTHCARE, INC. posted the faster year-over-year revenue change (25.5% vs 2.3%). Over the past eight quarters, VIEMED HEALTHCARE, INC.'s revenue compounded faster (22.7% 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...
Viemed Healthcare, Inc. is a medical technology firm specializing in respiratory care solutions. It develops, manufactures and distributes portable ventilators, respiratory therapy devices and related support services, catering to acute care, post-acute care and home care segments across North America, Europe and key Asia-Pacific markets for patients with respiratory conditions.
PACK vs VMD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $93.7M | $76.2M |
| Net Profit | — | $5.6M |
| Gross Margin | 39.0% | 57.9% |
| Operating Margin | -1.0% | 11.0% |
| Net Margin | — | 7.4% |
| Revenue YoY | 2.3% | 25.5% |
| Net Profit YoY | — | 30.7% |
| EPS (diluted) | $-0.11 | $0.14 |
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 | $76.2M | ||
| Q3 25 | $83.6M | $71.9M | ||
| Q2 25 | $77.8M | $63.1M | ||
| Q1 25 | $77.6M | $59.1M | ||
| Q4 24 | $91.6M | $60.7M | ||
| Q3 24 | $78.6M | $58.0M | ||
| Q2 24 | $72.8M | $55.0M | ||
| Q1 24 | $72.5M | $50.6M |
| Q4 25 | — | $5.6M | ||
| Q3 25 | $-10.4M | $3.5M | ||
| Q2 25 | $-7.5M | $3.2M | ||
| Q1 25 | $-10.9M | $2.6M | ||
| Q4 24 | — | $4.3M | ||
| Q3 24 | $-8.1M | $3.9M | ||
| Q2 24 | $5.5M | $1.5M | ||
| Q1 24 | $-8.1M | $1.6M |
| Q4 25 | 39.0% | 57.9% | ||
| Q3 25 | 41.1% | 57.5% | ||
| Q2 25 | 37.1% | 58.3% | ||
| Q1 25 | 39.8% | 56.3% | ||
| Q4 24 | 45.2% | 59.5% | ||
| Q3 24 | 43.8% | 59.3% | ||
| Q2 24 | 43.5% | 59.8% | ||
| Q1 24 | 44.6% | 58.9% |
| Q4 25 | -1.0% | 11.0% | ||
| Q3 25 | -6.8% | 7.8% | ||
| Q2 25 | -12.5% | 8.1% | ||
| Q1 25 | -10.3% | 6.5% | ||
| Q4 24 | 1.5% | 10.6% | ||
| Q3 24 | -5.3% | 9.7% | ||
| Q2 24 | -7.1% | 6.6% | ||
| Q1 24 | -6.6% | 4.4% |
| Q4 25 | — | 7.4% | ||
| Q3 25 | -12.4% | 4.9% | ||
| Q2 25 | -9.6% | 5.0% | ||
| Q1 25 | -14.0% | 4.4% | ||
| Q4 24 | — | 7.1% | ||
| Q3 24 | -10.3% | 6.7% | ||
| Q2 24 | 7.6% | 2.7% | ||
| Q1 24 | -11.2% | 3.2% |
| Q4 25 | $-0.11 | $0.14 | ||
| Q3 25 | $-0.12 | $0.09 | ||
| Q2 25 | $-0.09 | $0.08 | ||
| Q1 25 | $-0.13 | $0.06 | ||
| Q4 24 | $-0.13 | $0.10 | ||
| Q3 24 | $-0.10 | $0.10 | ||
| Q2 24 | $0.07 | $0.04 | ||
| Q1 24 | $-0.10 | $0.04 |
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 | $13.5M |
| Total DebtLower is stronger | $401.9M | — |
| Stockholders' EquityBook value | $534.9M | $141.5M |
| Total Assets | $1.1B | $199.2M |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.0M | $13.5M | ||
| Q3 25 | $49.9M | $11.1M | ||
| Q2 25 | $49.2M | $20.0M | ||
| Q1 25 | $65.5M | $10.2M | ||
| Q4 24 | $76.1M | $17.5M | ||
| Q3 24 | $69.5M | $11.3M | ||
| Q2 24 | $65.1M | $8.8M | ||
| Q1 24 | $55.1M | $7.3M |
| 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 | $141.5M | ||
| Q3 25 | $537.8M | $133.6M | ||
| Q2 25 | $539.0M | $139.7M | ||
| Q1 25 | $544.1M | $134.8M | ||
| Q4 24 | $548.1M | $131.4M | ||
| Q3 24 | $564.3M | $125.0M | ||
| Q2 24 | $566.2M | $119.4M | ||
| Q1 24 | $560.0M | $116.3M |
| Q4 25 | $1.1B | $199.2M | ||
| Q3 25 | $1.1B | $202.4M | ||
| Q2 25 | $1.1B | $184.6M | ||
| Q1 25 | $1.1B | $178.1M | ||
| Q4 24 | $1.1B | $177.1M | ||
| Q3 24 | $1.1B | $169.5M | ||
| Q2 24 | $1.1B | $163.9M | ||
| Q1 24 | $1.1B | $154.9M |
| 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 | $18.4M |
| Free Cash FlowOCF − Capex | — | $9.7M |
| FCF MarginFCF / Revenue | — | 12.7% |
| Capex IntensityCapex / Revenue | — | 11.5% |
| Cash ConversionOCF / Net Profit | — | 3.27× |
| TTM Free Cash FlowTrailing 4 quarters | — | $11.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.5M | $18.4M | ||
| Q3 25 | $8.5M | $18.4M | ||
| Q2 25 | $-3.6M | $12.3M | ||
| Q1 25 | $-1.3M | $2.9M | ||
| Q4 24 | $6.5M | $15.0M | ||
| Q3 24 | $10.1M | $12.7M | ||
| Q2 24 | $19.6M | $10.2M | ||
| Q1 24 | $5.2M | $1.2M |
| Q4 25 | — | $9.7M | ||
| Q3 25 | — | $10.7M | ||
| Q2 25 | — | $4.1M | ||
| Q1 25 | — | $-12.6M | ||
| Q4 24 | — | $3.2M | ||
| Q3 24 | — | $1.7M | ||
| Q2 24 | — | $1.2M | ||
| Q1 24 | — | $-4.8M |
| Q4 25 | — | 12.7% | ||
| Q3 25 | — | 14.9% | ||
| Q2 25 | — | 6.5% | ||
| Q1 25 | — | -21.4% | ||
| Q4 24 | — | 5.2% | ||
| Q3 24 | — | 3.0% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | -9.5% |
| Q4 25 | — | 11.5% | ||
| Q3 25 | — | 10.6% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 26.2% | ||
| Q4 24 | — | 19.5% | ||
| Q3 24 | — | 19.0% | ||
| Q2 24 | — | 16.3% | ||
| Q1 24 | — | 11.9% |
| Q4 25 | — | 3.27× | ||
| Q3 25 | — | 5.23× | ||
| Q2 25 | — | 3.88× | ||
| Q1 25 | — | 1.09× | ||
| Q4 24 | — | 3.47× | ||
| Q3 24 | — | 3.29× | ||
| Q2 24 | 3.56× | 6.94× | ||
| Q1 24 | — | 0.73× |
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% |
VMD
Segment breakdown not available.
