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Side-by-side financial comparison of Ranpak Holdings Corp. (PACK) and ZIPRECRUITER, INC. (ZIP). Click either name above to swap in a different company.

ZIPRECRUITER, INC. is the larger business by last-quarter revenue ($111.7M vs $93.7M, roughly 1.2× Ranpak Holdings Corp.). On growth, Ranpak Holdings Corp. posted the faster year-over-year revenue change (2.3% vs 0.6%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs -4.4%).

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...

PACK vs ZIP — Head-to-Head

Bigger by revenue
ZIP
ZIP
1.2× larger
ZIP
$111.7M
$93.7M
PACK
Growing faster (revenue YoY)
PACK
PACK
+1.7% gap
PACK
2.3%
0.6%
ZIP
Faster 2-yr revenue CAGR
PACK
PACK
Annualised
PACK
13.7%
-4.4%
ZIP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PACK
PACK
ZIP
ZIP
Revenue
$93.7M
$111.7M
Net Profit
$-835.0K
Gross Margin
39.0%
89.1%
Operating Margin
-1.0%
3.6%
Net Margin
-0.7%
Revenue YoY
2.3%
0.6%
Net Profit YoY
92.3%
EPS (diluted)
$-0.11
$-0.03

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
ZIP
ZIP
Q4 25
$93.7M
$111.7M
Q3 25
$83.6M
$115.0M
Q2 25
$77.8M
$112.2M
Q1 25
$77.6M
$110.1M
Q4 24
$91.6M
$111.0M
Q3 24
$78.6M
$117.1M
Q2 24
$72.8M
$123.7M
Q1 24
$72.5M
$122.2M
Net Profit
PACK
PACK
ZIP
ZIP
Q4 25
$-835.0K
Q3 25
$-10.4M
$-9.8M
Q2 25
$-7.5M
$-9.5M
Q1 25
$-10.9M
$-12.8M
Q4 24
$-10.8M
Q3 24
$-8.1M
$-2.6M
Q2 24
$5.5M
$7.0M
Q1 24
$-8.1M
$-6.5M
Gross Margin
PACK
PACK
ZIP
ZIP
Q4 25
39.0%
89.1%
Q3 25
41.1%
89.1%
Q2 25
37.1%
89.3%
Q1 25
39.8%
89.4%
Q4 24
45.2%
89.6%
Q3 24
43.8%
89.4%
Q2 24
43.5%
89.5%
Q1 24
44.6%
89.1%
Operating Margin
PACK
PACK
ZIP
ZIP
Q4 25
-1.0%
3.6%
Q3 25
-6.8%
-4.4%
Q2 25
-12.5%
-5.9%
Q1 25
-10.3%
-10.6%
Q4 24
1.5%
-3.6%
Q3 24
-5.3%
-2.8%
Q2 24
-7.1%
7.6%
Q1 24
-6.6%
-0.7%
Net Margin
PACK
PACK
ZIP
ZIP
Q4 25
-0.7%
Q3 25
-12.4%
-8.5%
Q2 25
-9.6%
-8.5%
Q1 25
-14.0%
-11.7%
Q4 24
-9.7%
Q3 24
-10.3%
-2.2%
Q2 24
7.6%
5.7%
Q1 24
-11.2%
-5.3%
EPS (diluted)
PACK
PACK
ZIP
ZIP
Q4 25
$-0.11
$-0.03
Q3 25
$-0.12
$-0.11
Q2 25
$-0.09
$-0.10
Q1 25
$-0.13
$-0.13
Q4 24
$-0.13
$-0.10
Q3 24
$-0.10
$-0.03
Q2 24
$0.07
$0.07
Q1 24
$-0.10
$-0.07

Balance Sheet & Financial Strength

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

Metric
PACK
PACK
ZIP
ZIP
Cash + ST InvestmentsLiquidity on hand
$63.0M
$188.0M
Total DebtLower is stronger
$401.9M
Stockholders' EquityBook value
$534.9M
$-77.2M
Total Assets
$1.1B
$569.7M
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PACK
PACK
ZIP
ZIP
Q4 25
$63.0M
$188.0M
Q3 25
$49.9M
$211.8M
Q2 25
$49.2M
$203.5M
Q1 25
$65.5M
$221.1M
Q4 24
$76.1M
$218.4M
Q3 24
$69.5M
$225.6M
Q2 24
$65.1M
$271.7M
Q1 24
$55.1M
$282.5M
Total Debt
PACK
PACK
ZIP
ZIP
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
Stockholders' Equity
PACK
PACK
ZIP
ZIP
Q4 25
$534.9M
$-77.2M
Q3 25
$537.8M
$-76.1M
Q2 25
$539.0M
$-65.9M
Q1 25
$544.1M
$-11.3M
Q4 24
$548.1M
$13.4M
Q3 24
$564.3M
$13.6M
Q2 24
$566.2M
$24.4M
Q1 24
$560.0M
$12.7M
Total Assets
PACK
PACK
ZIP
ZIP
Q4 25
$1.1B
$569.7M
Q3 25
$1.1B
$573.6M
Q2 25
$1.1B
$592.4M
Q1 25
$1.1B
$629.4M
Q4 24
$1.1B
$664.1M
Q3 24
$1.1B
$652.0M
Q2 24
$1.1B
$665.3M
Q1 24
$1.1B
$662.4M
Debt / Equity
PACK
PACK
ZIP
ZIP
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
PACK
PACK
ZIP
ZIP
Operating Cash FlowLast quarter
$19.5M
$7.7M
Free Cash FlowOCF − Capex
$7.6M
FCF MarginFCF / Revenue
6.8%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PACK
PACK
ZIP
ZIP
Q4 25
$19.5M
$7.7M
Q3 25
$8.5M
$2.6M
Q2 25
$-3.6M
$10.5M
Q1 25
$-1.3M
$-9.9M
Q4 24
$6.5M
$12.5M
Q3 24
$10.1M
$9.3M
Q2 24
$19.6M
$21.9M
Q1 24
$5.2M
$2.0M
Free Cash Flow
PACK
PACK
ZIP
ZIP
Q4 25
$7.6M
Q3 25
$2.2M
Q2 25
$10.2M
Q1 25
$-10.2M
Q4 24
$12.0M
Q3 24
$9.2M
Q2 24
$21.7M
Q1 24
$1.9M
FCF Margin
PACK
PACK
ZIP
ZIP
Q4 25
6.8%
Q3 25
1.9%
Q2 25
9.1%
Q1 25
-9.3%
Q4 24
10.8%
Q3 24
7.8%
Q2 24
17.6%
Q1 24
1.6%
Capex Intensity
PACK
PACK
ZIP
ZIP
Q4 25
0.1%
Q3 25
0.3%
Q2 25
0.3%
Q1 25
0.3%
Q4 24
0.4%
Q3 24
0.2%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
PACK
PACK
ZIP
ZIP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
3.56×
3.12×
Q1 24

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%

ZIP
ZIP

License$84.3M75%
Services$27.4M25%

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