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Ranpak Holdings Corp.（PACK）与RE/MAX Holdings, Inc.（RMAX）财务数据对比。点击上方公司名可切换其他公司
Ranpak Holdings Corp.的季度营收约是RE/MAX Holdings, Inc.的1.3倍（$93.7M vs $71.1M），Ranpak Holdings Corp.同比增速更快（2.3% vs -1.8%），过去两年Ranpak Holdings Corp.的营收复合增速更高（13.7% vs -4.7%）
Ranpak Holdings Corp.主营生产防护纸质包装设备与纸制品，可为电商及各行业货品运输提供纸质缓冲包装方案，同时也供应自动化包装解决方案。公司总部位于美国俄亥俄州康科德，在美国本土多个州、捷克、荷兰、中国上海及新加坡均设有生产基地与办公室，产品可用于包裹缠绕、缓冲填隙、冷链运输等多种场景。
RE/MAX是全球知名的房地产特许经营机构，业务遍布全球一百多个国家和地区，旗下拥有数千家门店，总计超过十万名房产经纪人，在国际房产中介领域拥有极高的品牌知名度与市场影响力。
PACK vs RMAX — 直观对比
营收规模更大
PACK
是对方的1.3倍
$71.1M
营收增速更快
PACK
高出4.1%
-1.8%
两年增速更快
PACK
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $93.7M | $71.1M |
| 净利润 | — | $1.4M |
| 毛利率 | 39.0% | — |
| 营业利润率 | -1.0% | 13.1% |
| 净利率 | — | 2.0% |
| 营收同比 | 2.3% | -1.8% |
| 净利润同比 | — | -75.2% |
| 每股收益（稀释后） | $-0.11 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收PACKRMAX
| Q4 25 | $93.7M | $71.1M | ||
| Q3 25 | $83.6M | $73.2M | ||
| Q2 25 | $77.8M | $72.8M | ||
| Q1 25 | $77.6M | $74.5M | ||
| Q4 24 | $91.6M | $72.5M | ||
| Q3 24 | $78.6M | $78.5M | ||
| Q2 24 | $72.8M | $78.5M | ||
| Q1 24 | $72.5M | $78.3M |
净利润PACKRMAX
| Q4 25 | — | $1.4M | ||
| Q3 25 | $-10.4M | $4.0M | ||
| Q2 25 | $-7.5M | $4.7M | ||
| Q1 25 | $-10.9M | $-2.0M | ||
| Q4 24 | — | $5.8M | ||
| Q3 24 | $-8.1M | $966.0K | ||
| Q2 24 | $5.5M | $3.7M | ||
| Q1 24 | $-8.1M | $-3.4M |
毛利率PACKRMAX
| Q4 25 | 39.0% | — | ||
| Q3 25 | 41.1% | — | ||
| Q2 25 | 37.1% | — | ||
| Q1 25 | 39.8% | — | ||
| Q4 24 | 45.2% | — | ||
| Q3 24 | 43.8% | — | ||
| Q2 24 | 43.5% | — | ||
| Q1 24 | 44.6% | — |
营业利润率PACKRMAX
| Q4 25 | -1.0% | 13.1% | ||
| Q3 25 | -6.8% | 25.0% | ||
| Q2 25 | -12.5% | 19.3% | ||
| Q1 25 | -10.3% | 7.2% | ||
| Q4 24 | 1.5% | 5.9% | ||
| Q3 24 | -5.3% | 19.4% | ||
| Q2 24 | -7.1% | 20.6% | ||
| Q1 24 | -6.6% | 5.8% |
净利率PACKRMAX
| Q4 25 | — | 2.0% | ||
| Q3 25 | -12.4% | 5.4% | ||
| Q2 25 | -9.6% | 6.4% | ||
| Q1 25 | -14.0% | -2.6% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | -10.3% | 1.2% | ||
| Q2 24 | 7.6% | 4.7% | ||
| Q1 24 | -11.2% | -4.3% |
每股收益（稀释后）PACKRMAX
| 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 | — | ||
| Q1 24 | $-0.10 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $63.0M | $118.7M |
| 总债务越低越好 | $401.9M | $432.2M |
| 股东权益账面价值 | $534.9M | $452.4M |
| 总资产 | $1.1B | $582.5M |
| 负债/权益比越低杠杆越低 | 0.75× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资PACKRMAX
| Q4 25 | $63.0M | $118.7M | ||
| Q3 25 | $49.9M | $107.5M | ||
| Q2 25 | $49.2M | $94.3M | ||
| Q1 25 | $65.5M | $89.1M | ||
| Q4 24 | $76.1M | $96.6M | ||
| Q3 24 | $69.5M | $83.8M | ||
| Q2 24 | $65.1M | $66.1M | ||
| Q1 24 | $55.1M | $82.1M |
总债务PACKRMAX
| Q4 25 | $401.9M | $432.2M | ||
| Q3 25 | $403.1M | $433.3M | ||
| Q2 25 | $403.1M | $434.4M | ||
| Q1 25 | $405.2M | $435.3M | ||
| Q4 24 | $406.4M | $436.2M | ||
| Q3 24 | $403.2M | $437.2M | ||
| Q2 24 | $396.1M | $438.1M | ||
| Q1 24 | $396.7M | $439.0M |
股东权益PACKRMAX
| Q4 25 | $534.9M | $452.4M | ||
| Q3 25 | $537.8M | $448.1M | ||
| Q2 25 | $539.0M | $442.4M | ||
| Q1 25 | $544.1M | $433.5M | ||
| Q4 24 | $548.1M | $429.5M | ||
| Q3 24 | $564.3M | $423.1M | ||
| Q2 24 | $566.2M | $418.4M | ||
| Q1 24 | $560.0M | $412.0M |
总资产PACKRMAX
| Q4 25 | $1.1B | $582.5M | ||
| Q3 25 | $1.1B | $582.2M | ||
| Q2 25 | $1.1B | $574.8M | ||
| Q1 25 | $1.1B | $571.4M | ||
| Q4 24 | $1.1B | $581.6M | ||
| Q3 24 | $1.1B | $578.6M | ||
| Q2 24 | $1.1B | $571.4M | ||
| Q1 24 | $1.1B | $566.7M |
负债/权益比PACKRMAX
| Q4 25 | 0.75× | 0.96× | ||
| Q3 25 | 0.75× | 0.97× | ||
| Q2 25 | 0.75× | 0.98× | ||
| Q1 25 | 0.74× | 1.00× | ||
| Q4 24 | 0.74× | 1.02× | ||
| Q3 24 | 0.71× | 1.03× | ||
| Q2 24 | 0.70× | 1.05× | ||
| Q1 24 | 0.71× | 1.07× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $19.5M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | — | $33.5M |
| 自由现金流率自由现金流/营收 | — | 47.1% |
| 资本支出强度资本支出/营收 | — | 10.4% |
| 现金转化率经营现金流/净利润 | — | 28.39× |
| 过去12个月自由现金流最近4个季度 | — | $56.8M |
8季度趋势，按日历期对齐
经营现金流PACKRMAX
| Q4 25 | $19.5M | $40.9M | ||
| Q3 25 | $8.5M | $17.7M | ||
| Q2 25 | $-3.6M | $4.6M | ||
| Q1 25 | $-1.3M | $5.7M | ||
| Q4 24 | $6.5M | $59.7M | ||
| Q3 24 | $10.1M | $17.6M | ||
| Q2 24 | $19.6M | $15.9M | ||
| Q1 24 | $5.2M | $9.4M |
自由现金流PACKRMAX
| Q4 25 | — | $33.5M | ||
| Q3 25 | — | $16.4M | ||
| Q2 25 | — | $2.9M | ||
| Q1 25 | — | $4.0M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | — | $16.3M | ||
| Q2 24 | — | $14.0M | ||
| Q1 24 | — | $6.8M |
自由现金流率PACKRMAX
| Q4 25 | — | 47.1% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | — | 73.2% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | — | 17.8% | ||
| Q1 24 | — | 8.6% |
资本支出强度PACKRMAX
| Q4 25 | — | 10.4% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 3.3% |
现金转化率PACKRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | 3.56× | 4.29× | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
