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Side-by-side financial comparison of Ranpak Holdings Corp. (PACK) and VINCE HOLDING CORP. (VNCE). Click either name above to swap in a different company.
Ranpak Holdings Corp. is the larger business by last-quarter revenue ($93.7M vs $85.1M, roughly 1.1× VINCE HOLDING CORP.). On growth, VINCE HOLDING CORP. posted the faster year-over-year revenue change (6.2% vs 2.3%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs 6.3%).
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...
VINCE. is a contemporary clothing fashion brand founded in 2002. In 2023 Authentic Brands Group purchased its intellectual property in a $76.5 million deal.
PACK vs VNCE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | ||
|---|---|---|
| Revenue | $93.7M | $85.1M |
| Net Profit | — | $2.7M |
| Gross Margin | 39.0% | 49.2% |
| Operating Margin | -1.0% | 6.4% |
| Net Margin | — | 3.2% |
| Revenue YoY | 2.3% | 6.2% |
| Net Profit YoY | — | -37.3% |
| EPS (diluted) | $-0.11 | $0.21 |
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 | $85.1M | ||
| Q3 25 | $83.6M | $73.2M | ||
| Q2 25 | $77.8M | $57.9M | ||
| Q1 25 | $77.6M | $80.0M | ||
| Q4 24 | $91.6M | $80.2M | ||
| Q3 24 | $78.6M | $74.2M | ||
| Q2 24 | $72.8M | $59.2M | ||
| Q1 24 | $72.5M | $75.3M |
| Q4 25 | — | $2.7M | ||
| Q3 25 | $-10.4M | $12.1M | ||
| Q2 25 | $-7.5M | $-4.8M | ||
| Q1 25 | $-10.9M | $-28.3M | ||
| Q4 24 | — | $4.3M | ||
| Q3 24 | $-8.1M | $569.0K | ||
| Q2 24 | $5.5M | $4.4M | ||
| Q1 24 | $-8.1M | $-4.7M |
| Q4 25 | 39.0% | 49.2% | ||
| Q3 25 | 41.1% | 50.4% | ||
| Q2 25 | 37.1% | 50.3% | ||
| Q1 25 | 39.8% | 50.1% | ||
| Q4 24 | 45.2% | 50.0% | ||
| Q3 24 | 43.8% | 47.4% | ||
| Q2 24 | 43.5% | 50.6% | ||
| Q1 24 | 44.6% | 45.4% |
| Q4 25 | -1.0% | 6.4% | ||
| Q3 25 | -6.8% | 15.2% | ||
| Q2 25 | -12.5% | -7.7% | ||
| Q1 25 | -10.3% | -37.1% | ||
| Q4 24 | 1.5% | 7.2% | ||
| Q3 24 | -5.3% | 1.5% | ||
| Q2 24 | -7.1% | 9.5% | ||
| Q1 24 | -6.6% | -2.2% |
| Q4 25 | — | 3.2% | ||
| Q3 25 | -12.4% | 16.5% | ||
| Q2 25 | -9.6% | -8.3% | ||
| Q1 25 | -14.0% | -35.5% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | -10.3% | 0.8% | ||
| Q2 24 | 7.6% | 7.4% | ||
| Q1 24 | -11.2% | -6.2% |
| Q4 25 | $-0.11 | $0.21 | ||
| Q3 25 | $-0.12 | $0.93 | ||
| Q2 25 | $-0.09 | $-0.37 | ||
| Q1 25 | $-0.13 | $-2.25 | ||
| Q4 24 | $-0.13 | $0.34 | ||
| Q3 24 | $-0.10 | $0.05 | ||
| Q2 24 | $0.07 | $0.35 | ||
| Q1 24 | $-0.10 | $-0.37 |
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 | $1.1M |
| Total DebtLower is stronger | $401.9M | — |
| Stockholders' EquityBook value | $534.9M | $53.4M |
| Total Assets | $1.1B | $246.0M |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.0M | $1.1M | ||
| Q3 25 | $49.9M | $777.0K | ||
| Q2 25 | $49.2M | $2.6M | ||
| Q1 25 | $65.5M | $607.0K | ||
| Q4 24 | $76.1M | $892.0K | ||
| Q3 24 | $69.5M | $711.0K | ||
| Q2 24 | $65.1M | $739.0K | ||
| Q1 24 | $55.1M | $357.0K |
| 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 | $53.4M | ||
| Q3 25 | $537.8M | $49.3M | ||
| Q2 25 | $539.0M | $37.2M | ||
| Q1 25 | $544.1M | $41.8M | ||
| Q4 24 | $548.1M | $57.1M | ||
| Q3 24 | $564.3M | $52.4M | ||
| Q2 24 | $566.2M | $51.7M | ||
| Q1 24 | $560.0M | $47.2M |
| Q4 25 | $1.1B | $246.0M | ||
| Q3 25 | $1.1B | $239.0M | ||
| Q2 25 | $1.1B | $218.0M | ||
| Q1 25 | $1.1B | $222.7M | ||
| Q4 24 | $1.1B | $254.7M | ||
| Q3 24 | $1.1B | $253.6M | ||
| Q2 24 | $1.1B | $223.1M | ||
| Q1 24 | $1.1B | $225.1M |
| 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 | $-5.1M |
| Free Cash FlowOCF − Capex | — | $-5.7M |
| FCF MarginFCF / Revenue | — | -6.7% |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | — | -1.86× |
| TTM Free Cash FlowTrailing 4 quarters | — | $4.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.5M | $-5.1M | ||
| Q3 25 | $8.5M | $4.2M | ||
| Q2 25 | $-3.6M | $-11.8M | ||
| Q1 25 | $-1.3M | $22.7M | ||
| Q4 24 | $6.5M | $6.4M | ||
| Q3 24 | $10.1M | $-3.2M | ||
| Q2 24 | $19.6M | $-3.9M | ||
| Q1 24 | $5.2M | $14.8M |
| Q4 25 | — | $-5.7M | ||
| Q3 25 | — | $2.1M | ||
| Q2 25 | — | $-13.2M | ||
| Q1 25 | — | $21.2M | ||
| Q4 24 | — | $5.1M | ||
| Q3 24 | — | $-3.9M | ||
| Q2 24 | — | $-4.6M | ||
| Q1 24 | — | $14.2M |
| Q4 25 | — | -6.7% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | -22.9% | ||
| Q1 25 | — | 26.5% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | — | -5.2% | ||
| Q2 24 | — | -7.8% | ||
| Q1 24 | — | 18.9% |
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 0.7% |
| Q4 25 | — | -1.86× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | — | -5.61× | ||
| Q2 24 | 3.56× | -0.89× | ||
| 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% |
VNCE
| Vince Wholesale | $52.0M | 61% |
| Vince Direct To Consumer | $33.1M | 39% |