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Ranpak Holdings Corp.（PACK）与STEM, INC.（STEM）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STEM, INC.的2.0倍（$93.7M vs $47.1M），Ranpak Holdings Corp.同比增速更快（2.3% vs -15.6%），过去两年STEM, INC.的营收复合增速更高（36.1% vs 13.7%）
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。
该公司是一家公开上市的生物制药企业，总部位于加利福尼亚州纽瓦克，专注研发纯化人类神经干细胞，旨在治疗中枢神经系统疾病与瘫痪，其所研发的神经干细胞可分化为中枢神经系统的神经元、星形胶质细胞与少突胶质细胞这三大主要细胞类型。
PACK vs STEM — 直观对比
营收规模更大
PACK
是对方的2.0倍
$47.1M
营收增速更快
PACK
高出17.8%
-15.6%
两年增速更快
STEM
近两年复合增速
13.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $93.7M | $47.1M |
| 净利润 | — | $-16.0M |
| 毛利率 | 39.0% | 48.9% |
| 营业利润率 | -1.0% | -17.7% |
| 净利率 | — | -33.9% |
| 营收同比 | 2.3% | -15.6% |
| 净利润同比 | — | 68.8% |
| 每股收益（稀释后） | $-0.11 | $-4.40 |
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PACKSTEM
| Q4 25 | $93.7M | $47.1M | ||
| Q3 25 | $83.6M | $38.2M | ||
| Q2 25 | $77.8M | $38.4M | ||
| Q1 25 | $77.6M | $32.5M | ||
| Q4 24 | $91.6M | $55.8M | ||
| Q3 24 | $78.6M | $29.3M | ||
| Q2 24 | $72.8M | $34.0M | ||
| Q1 24 | $72.5M | $25.5M |
净利润PACKSTEM
| Q4 25 | — | $-16.0M | ||
| Q3 25 | $-10.4M | $-23.8M | ||
| Q2 25 | $-7.5M | $202.5M | ||
| Q1 25 | $-10.9M | $-25.0M | ||
| Q4 24 | — | $-51.1M | ||
| Q3 24 | $-8.1M | $-148.3M | ||
| Q2 24 | $5.5M | $-582.3M | ||
| Q1 24 | $-8.1M | $-72.3M |
毛利率PACKSTEM
| Q4 25 | 39.0% | 48.9% | ||
| Q3 25 | 41.1% | 35.5% | ||
| Q2 25 | 37.1% | 33.4% | ||
| Q1 25 | 39.8% | 32.4% | ||
| Q4 24 | 45.2% | -4.4% | ||
| Q3 24 | 43.8% | 21.2% | ||
| Q2 24 | 43.5% | 27.6% | ||
| Q1 24 | 44.6% | -95.0% |
营业利润率PACKSTEM
| Q4 25 | -1.0% | -17.7% | ||
| Q3 25 | -6.8% | -33.6% | ||
| Q2 25 | -12.5% | -34.8% | ||
| Q1 25 | -10.3% | -65.0% | ||
| Q4 24 | 1.5% | -84.4% | ||
| Q3 24 | -5.3% | -493.2% | ||
| Q2 24 | -7.1% | -1705.5% | ||
| Q1 24 | -6.6% | -267.0% |
净利率PACKSTEM
| Q4 25 | — | -33.9% | ||
| Q3 25 | -12.4% | -62.2% | ||
| Q2 25 | -9.6% | 527.8% | ||
| Q1 25 | -14.0% | -76.9% | ||
| Q4 24 | — | -91.6% | ||
| Q3 24 | -10.3% | -506.3% | ||
| Q2 24 | 7.6% | -1712.6% | ||
| Q1 24 | -11.2% | -283.9% |
每股收益（稀释后）PACKSTEM
| Q4 25 | $-0.11 | $-4.40 | ||
| Q3 25 | $-0.12 | $-2.84 | ||
| Q2 25 | $-0.09 | $-1.79 | ||
| Q1 25 | $-0.13 | $-0.15 | ||
| Q4 24 | $-0.13 | $-15.29 | ||
| Q3 24 | $-0.10 | $-18.24 | ||
| Q2 24 | $0.07 | $-71.81 | ||
| Q1 24 | $-0.10 | $-0.46 |
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 | $48.9M |
| 总债务越低越好 | $401.9M | — |
| 股东权益账面价值 | $534.9M | $-249.4M |
| 总资产 | $1.1B | $308.9M |
| 负债/权益比越低杠杆越低 | 0.75× | — |
8季度趋势，按日历期对齐
现金及短期投资PACKSTEM
| Q4 25 | $63.0M | $48.9M | ||
| Q3 25 | $49.9M | $43.1M | ||
| Q2 25 | $49.2M | $40.8M | ||
| Q1 25 | $65.5M | $58.6M | ||
| Q4 24 | $76.1M | $56.3M | ||
| Q3 24 | $69.5M | $75.4M | ||
| Q2 24 | $65.1M | $89.6M | ||
| Q1 24 | $55.1M | $112.8M |
总债务PACKSTEM
| 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 | — |
股东权益PACKSTEM
| Q4 25 | $534.9M | $-249.4M | ||
| Q3 25 | $537.8M | $-235.7M | ||
| Q2 25 | $539.0M | $-214.1M | ||
| Q1 25 | $544.1M | $-417.5M | ||
| Q4 24 | $548.1M | $-398.4M | ||
| Q3 24 | $564.3M | $-344.1M | ||
| Q2 24 | $566.2M | $-203.2M | ||
| Q1 24 | $560.0M | $371.6M |
总资产PACKSTEM
| Q4 25 | $1.1B | $308.9M | ||
| Q3 25 | $1.1B | $362.6M | ||
| Q2 25 | $1.1B | $379.2M | ||
| Q1 25 | $1.1B | $405.1M | ||
| Q4 24 | $1.1B | $437.4M | ||
| Q3 24 | $1.1B | $537.8M | ||
| Q2 24 | $1.1B | $691.5M | ||
| Q1 24 | $1.1B | $1.3B |
负债/权益比PACKSTEM
| 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× | — |
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 | $8.2M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流PACKSTEM
| Q4 25 | $19.5M | $8.2M | ||
| Q3 25 | $8.5M | $11.4M | ||
| Q2 25 | $-3.6M | $-21.3M | ||
| Q1 25 | $-1.3M | $8.5M | ||
| Q4 24 | $6.5M | $-14.7M | ||
| Q3 24 | $10.1M | $-9.4M | ||
| Q2 24 | $19.6M | $-11.9M | ||
| Q1 24 | $5.2M | $-621.0K |
现金转化率PACKSTEM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.11× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.56× | — | ||
| 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% |
STEM
暂无分部数据
