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Side-by-side financial comparison of Ranpak Holdings Corp. (PACK) and Zhihu Inc. (ZH). Click either name above to swap in a different company.

Ranpak Holdings Corp. is the larger business by last-quarter revenue ($93.7M vs $92.0M, roughly 1.0× Zhihu Inc.). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs -19.0%).

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...

Zhihu is a Chinese social question and answer site and news aggregator. Originally based in Chengdu and with creators from Sichuan, China, the website launched on January 26, 2011. The number of registered users on Zhihu exceeded 10 million by the end of 2013, and reached 17 million as of May 2015, with 250 million monthly page views.

PACK vs ZH — Head-to-Head

Bigger by revenue
PACK
PACK
1.0× larger
PACK
$93.7M
$92.0M
ZH
Faster 2-yr revenue CAGR
PACK
PACK
Annualised
PACK
13.7%
-19.0%
ZH

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
PACK
PACK
ZH
ZH
Revenue
$93.7M
$92.0M
Net Profit
$30.1M
Gross Margin
39.0%
53.6%
Operating Margin
-1.0%
Net Margin
32.7%
Revenue YoY
2.3%
Net Profit YoY
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
ZH
ZH
Q1 26
$92.0M
Q4 25
$93.7M
Q3 25
$83.6M
$92.6M
Q2 25
$77.8M
$100.1M
Q1 25
$77.6M
$100.6M
Q4 24
$91.6M
Q3 24
$78.6M
$120.4M
Q2 24
$72.8M
$128.5M
Net Profit
PACK
PACK
ZH
ZH
Q1 26
$30.1M
Q4 25
Q3 25
$-10.4M
Q2 25
$-7.5M
Q1 25
$-10.9M
Q4 24
Q3 24
$-8.1M
$-1.3M
Q2 24
$5.5M
$-11.1M
Gross Margin
PACK
PACK
ZH
ZH
Q1 26
53.6%
Q4 25
39.0%
Q3 25
41.1%
61.3%
Q2 25
37.1%
62.5%
Q1 25
39.8%
61.8%
Q4 24
45.2%
Q3 24
43.8%
63.9%
Q2 24
43.5%
59.6%
Operating Margin
PACK
PACK
ZH
ZH
Q1 26
Q4 25
-1.0%
Q3 25
-6.8%
-15.1%
Q2 25
-12.5%
-12.7%
Q1 25
-10.3%
Q4 24
1.5%
Q3 24
-5.3%
-10.0%
Q2 24
-7.1%
-19.7%
Net Margin
PACK
PACK
ZH
ZH
Q1 26
32.7%
Q4 25
Q3 25
-12.4%
Q2 25
-9.6%
Q1 25
-14.0%
Q4 24
Q3 24
-10.3%
-1.1%
Q2 24
7.6%
-8.6%
EPS (diluted)
PACK
PACK
ZH
ZH
Q1 26
Q4 25
$-0.11
Q3 25
$-0.12
Q2 25
$-0.09
Q1 25
$-0.13
Q4 24
$-0.13
Q3 24
$-0.10
Q2 24
$0.07

Balance Sheet & Financial Strength

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

Metric
PACK
PACK
ZH
ZH
Cash + ST InvestmentsLiquidity on hand
$63.0M
$481.8M
Total DebtLower is stronger
$401.9M
Stockholders' EquityBook value
$534.9M
$554.1M
Total Assets
$1.1B
$742.3M
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PACK
PACK
ZH
ZH
Q1 26
$481.8M
Q4 25
$63.0M
Q3 25
$49.9M
$383.5M
Q2 25
$49.2M
$446.5M
Q1 25
$65.5M
$446.5M
Q4 24
$76.1M
Q3 24
$69.5M
$458.0M
Q2 24
$65.1M
$434.7M
Total Debt
PACK
PACK
ZH
ZH
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
Stockholders' Equity
PACK
PACK
ZH
ZH
Q1 26
$554.1M
Q4 25
$534.9M
Q3 25
$537.8M
$578.9M
Q2 25
$539.0M
$587.4M
Q1 25
$544.1M
$573.2M
Q4 24
$548.1M
Q3 24
$564.3M
$619.2M
Q2 24
$566.2M
$605.5M
Total Assets
PACK
PACK
ZH
ZH
Q1 26
$742.3M
Q4 25
$1.1B
Q3 25
$1.1B
$772.8M
Q2 25
$1.1B
$802.2M
Q1 25
$1.1B
$783.1M
Q4 24
$1.1B
Q3 24
$1.1B
$856.2M
Q2 24
$1.1B
$840.5M
Debt / Equity
PACK
PACK
ZH
ZH
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
PACK
PACK
ZH
ZH
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
ZH
ZH
Q1 26
Q4 25
$19.5M
Q3 25
$8.5M
Q2 25
$-3.6M
Q1 25
$-1.3M
Q4 24
$6.5M
Q3 24
$10.1M
Q2 24
$19.6M
Cash Conversion
PACK
PACK
ZH
ZH
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
3.56×

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%

ZH
ZH

Segment breakdown not available.

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