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Side-by-side financial comparison of PACS Group, Inc. (PACS) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.

SEALED AIR CORP is the larger business by last-quarter revenue ($1.4B vs $1.4B, roughly 1.0× PACS Group, Inc.). PACS Group, Inc. runs the higher net margin — 4.4% vs 3.1%, a 1.3% gap on every dollar of revenue. On growth, PACS Group, Inc. posted the faster year-over-year revenue change (18.4% vs 2.6%). Over the past eight quarters, PACS Group, Inc.'s revenue compounded faster (20.5% CAGR vs 2.7%).

Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.

PACS vs SEE — Head-to-Head

Bigger by revenue
SEE
SEE
1.0× larger
SEE
$1.4B
$1.4B
PACS
Growing faster (revenue YoY)
PACS
PACS
+15.8% gap
PACS
18.4%
2.6%
SEE
Higher net margin
PACS
PACS
1.3% more per $
PACS
4.4%
3.1%
SEE
Faster 2-yr revenue CAGR
PACS
PACS
Annualised
PACS
20.5%
2.7%
SEE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PACS
PACS
SEE
SEE
Revenue
$1.4B
$1.4B
Net Profit
$59.7M
$43.8M
Gross Margin
28.6%
Operating Margin
7.0%
11.4%
Net Margin
4.4%
3.1%
Revenue YoY
18.4%
2.6%
Net Profit YoY
3022.5%
700.0%
EPS (diluted)
$0.42
$0.30

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
PACS
PACS
SEE
SEE
Q4 25
$1.4B
$1.4B
Q3 25
$1.3B
$1.3B
Q2 25
$1.3B
$1.3B
Q1 25
$1.3B
$1.3B
Q4 24
$1.1B
$1.4B
Q3 24
$1.0B
$1.3B
Q2 24
$981.4M
$1.3B
Q1 24
$934.3M
$1.3B
Net Profit
PACS
PACS
SEE
SEE
Q4 25
$59.7M
$43.8M
Q3 25
$52.4M
$255.1M
Q2 25
$51.0M
$93.1M
Q1 25
$28.5M
$113.5M
Q4 24
$1.9M
$-7.3M
Q3 24
$15.6M
$91.7M
Q2 24
$-10.9M
$98.3M
Q1 24
$49.1M
$82.0M
Gross Margin
PACS
PACS
SEE
SEE
Q4 25
28.6%
Q3 25
29.8%
Q2 25
30.7%
Q1 25
30.9%
Q4 24
30.0%
Q3 24
17.1%
30.1%
Q2 24
22.3%
31.2%
Q1 24
21.2%
30.3%
Operating Margin
PACS
PACS
SEE
SEE
Q4 25
7.0%
11.4%
Q3 25
6.4%
13.8%
Q2 25
6.2%
15.0%
Q1 25
3.8%
14.5%
Q4 24
1.7%
11.7%
Q3 24
2.2%
13.9%
Q2 24
0.1%
15.4%
Q1 24
8.6%
14.0%
Net Margin
PACS
PACS
SEE
SEE
Q4 25
4.4%
3.1%
Q3 25
3.9%
19.0%
Q2 25
3.9%
7.0%
Q1 25
2.2%
9.0%
Q4 24
0.2%
-0.5%
Q3 24
1.5%
6.9%
Q2 24
-1.1%
7.4%
Q1 24
5.3%
6.2%
EPS (diluted)
PACS
PACS
SEE
SEE
Q4 25
$0.42
$0.30
Q3 25
$0.32
$1.73
Q2 25
$0.31
$0.63
Q1 25
$0.17
$0.77
Q4 24
$-0.03
$-0.05
Q3 24
$0.10
$0.63
Q2 24
$-0.07
$0.67
Q1 24
$0.38
$0.56

Balance Sheet & Financial Strength

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

Metric
PACS
PACS
SEE
SEE
Cash + ST InvestmentsLiquidity on hand
$197.0M
$344.0M
Total DebtLower is stronger
$353.2M
$3.3B
Stockholders' EquityBook value
$946.8M
$1.2B
Total Assets
$5.6B
$7.0B
Debt / EquityLower = less leverage
0.37×
2.65×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PACS
PACS
SEE
SEE
Q4 25
$197.0M
$344.0M
Q3 25
$355.7M
$282.5M
Q2 25
$294.2M
$354.4M
Q1 25
$287.5M
$335.2M
Q4 24
$157.7M
$371.8M
Q3 24
$49.5M
$386.0M
Q2 24
$73.4M
$388.6M
Q1 24
$81.2M
$352.8M
Total Debt
PACS
PACS
SEE
SEE
Q4 25
$353.2M
$3.3B
Q3 25
$4.0B
Q2 25
$4.0B
Q1 25
$4.2B
Q4 24
$411.9M
$4.2B
Q3 24
$4.3B
Q2 24
$4.4B
Q1 24
$4.5B
Stockholders' Equity
PACS
PACS
SEE
SEE
Q4 25
$946.8M
$1.2B
Q3 25
$871.3M
$1.2B
Q2 25
$806.8M
$953.1M
Q1 25
$750.2M
$797.9M
Q4 24
$709.6M
$624.5M
Q3 24
$660.0M
$771.2M
Q2 24
$572.1M
$650.1M
Q1 24
$128.0M
$598.3M
Total Assets
PACS
PACS
SEE
SEE
Q4 25
$5.6B
$7.0B
Q3 25
$5.6B
$7.1B
Q2 25
$5.5B
$7.2B
Q1 25
$5.5B
$7.0B
Q4 24
$5.2B
$7.0B
Q3 24
$4.5B
$7.3B
Q2 24
$3.9B
$7.3B
Q1 24
$3.9B
$7.2B
Debt / Equity
PACS
PACS
SEE
SEE
Q4 25
0.37×
2.65×
Q3 25
3.34×
Q2 25
4.18×
Q1 25
5.26×
Q4 24
0.58×
6.72×
Q3 24
5.62×
Q2 24
6.81×
Q1 24
7.49×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PACS
PACS
SEE
SEE
Operating Cash FlowLast quarter
$-3.4M
$293.6M
Free Cash FlowOCF − Capex
$257.7M
FCF MarginFCF / Revenue
18.5%
Capex IntensityCapex / Revenue
2.6%
Cash ConversionOCF / Net Profit
-0.06×
6.70×
TTM Free Cash FlowTrailing 4 quarters
$458.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PACS
PACS
SEE
SEE
Q4 25
$-3.4M
$293.6M
Q3 25
$204.8M
$165.9M
Q2 25
$52.6M
$136.6M
Q1 25
$150.2M
$31.9M
Q4 24
$64.6M
$244.2M
Q3 24
$209.2M
$170.5M
Q2 24
$34.8M
$188.2M
Q1 24
$58.8M
$125.1M
Free Cash Flow
PACS
PACS
SEE
SEE
Q4 25
$257.7M
Q3 25
$119.6M
Q2 25
$93.2M
Q1 25
$-12.0M
Q4 24
$185.1M
Q3 24
$115.2M
Q2 24
$129.5M
Q1 24
$78.0M
FCF Margin
PACS
PACS
SEE
SEE
Q4 25
18.5%
Q3 25
8.9%
Q2 25
7.0%
Q1 25
-0.9%
Q4 24
13.6%
Q3 24
8.6%
Q2 24
9.7%
Q1 24
5.9%
Capex Intensity
PACS
PACS
SEE
SEE
Q4 25
2.6%
Q3 25
3.4%
Q2 25
3.3%
Q1 25
3.5%
Q4 24
4.4%
Q3 24
4.1%
Q2 24
4.4%
Q1 24
3.6%
Cash Conversion
PACS
PACS
SEE
SEE
Q4 25
-0.06×
6.70×
Q3 25
3.91×
0.65×
Q2 25
1.03×
1.47×
Q1 25
5.28×
0.28×
Q4 24
33.78×
Q3 24
13.39×
1.86×
Q2 24
1.91×
Q1 24
1.20×
1.53×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PACS
PACS

Segment breakdown not available.

SEE
SEE

Protective Segment$1.1B78%
Other$292.0M21%
Pension Plans Defined Benefit$7.9M1%

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