Ranpak (PACK) Financials

$3.40 -0.01 (-0.15%)

Closing price 05/23/2025 03:59 PM Eastern

Extended Trading

$3.58 +0.18 (+5.29%)

As of 05/23/2025 07:53 PM Eastern

Annual Income Statements for Ranpak

This table shows Ranpak's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-22	-27	-41
Consolidated Net Income / (Loss)	-22	-27	-41
Net Income / (Loss) Continuing Operations	-22	-27	-41
Total Pre-Tax Income	-24	-31	-57
Total Operating Income	-13	-7.50	-43
Total Gross Profit	140	123	100
Total Revenue	369	336	327
Operating Revenue	369	336	327
Total Cost of Revenue	229	213	227
Operating Cost of Revenue	229	213	227
Total Operating Expenses	153	131	142
Selling, General & Admin Expense	112	92	106
Depreciation Expense	35	34	32
Other Operating Expenses / (Income)	5.60	5.20	4.50
Total Other Income / (Expense), net	-11	-24	-14
Interest Expense	33	24	21
Other Income / (Expense), net	23	0.50	6.50
Income Tax Expense	-2.20	-4.20	-15
Basic Earnings per Share	($0.26)	($0.33)	($0.51)
Weighted Average Basic Shares Outstanding	83.06M	82.37M	81.88M
Diluted Earnings per Share	($0.26)	($0.33)	($0.51)
Weighted Average Diluted Shares Outstanding	83.06M	82.37M	81.88M
Weighted Average Basic & Diluted Shares Outstanding	83.61M	82.62M	82.39M

This table shows Ranpak's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-11	-8.10	5.50	-8.10	-9.30	-3.30	-2.10	-12	-1.50	-8.70
Consolidated Net Income / (Loss)	-11	-8.10	5.50	-8.10	-9.30	-3.30	-2.10	-12	-2.70	-8.70
Net Income / (Loss) Continuing Operations	-11	-8.10	5.50	-8.10	-9.30	-3.30	-2.10	-12	-1.50	-8.70
Total Pre-Tax Income	-11	-11	7.30	-9.60	-11	-4.40	-1.80	-15	-13	-12
Total Operating Income	1.40	-4.20	-5.20	-4.80	-4.60	1.60	4.40	-8.90	-5.60	-12
Total Gross Profit	41	34	32	32	34	32	30	28	22	24
Total Revenue	105	92	86	85	90	83	82	81	79	78
Operating Revenue	105	92	86	85	90	83	82	81	79	78
Total Cost of Revenue	64	58	55	53	56	51	52	54	57	53
Operating Cost of Revenue	64	58	55	53	56	51	52	54	57	53
Total Operating Expenses	40	39	37	37	39	30	26	36	28	36
Selling, General & Admin Expense	28	29	27	28	27	21	16	27	19	27
Depreciation Expense	10	8.20	8.30	8.40	9.60	8.10	8.10	8.00	8.10	7.80
Other Operating Expenses / (Income)	1.90	1.60	1.30	0.80	1.70	0.90	1.40	1.20	1.10	1.50
Total Other Income / (Expense), net	-12	-6.40	13	-4.80	-6.00	-6.00	-6.20	-5.60	-1.30	-0.10
Interest Expense	13	9.30	5.30	6.20	5.90	6.80	5.90	5.70	5.50	5.30
Other Income / (Expense), net	0.40	2.90	18	1.40	-0.10	0.80	-0.30	0.10	4.20	5.20
Basic Earnings per Share	($0.13)	($0.10)	$0.07	($0.10)	($0.11)	($0.04)	($0.03)	($0.15)	$0.19	($0.11)
Weighted Average Basic Shares Outstanding	83.06M	83.23M	83.07M	82.68M	82.37M	82.32M	82.43M	82.14M	81.88M	81.98M
Diluted Earnings per Share	($0.13)	($0.10)	$0.07	($0.10)	($0.11)	($0.04)	($0.03)	($0.15)	$0.19	($0.11)
Weighted Average Diluted Shares Outstanding	83.06M	83.23M	83.12M	82.68M	82.37M	82.32M	82.43M	82.14M	81.88M	81.98M
Weighted Average Basic & Diluted Shares Outstanding	83.61M	83.26M	83.22M	82.99M	82.62M	82.61M	82.49M	82.41M	82.39M	82.01M

This table details how cash moves in and out of Ranpak's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	14	-0.80	-41
Net Cash From Operating Activities	41	53	1.10
Net Cash From Continuing Operating Activities	41	53	1.10
Net Income / (Loss) Continuing Operations	-22	-27	-41
Consolidated Net Income / (Loss)	-22	-27	-41
Depreciation Expense	65	70	69
Amortization Expense	5.20	2.80	3.50
Non-Cash Adjustments To Reconcile Net Income	5.70	-9.10	13
Changes in Operating Assets and Liabilities, net	-13	16	-43
Net Cash From Investing Activities	-33	-52	-38
Net Cash From Continuing Investing Activities	-33	-52	-38
Purchase of Property, Plant & Equipment	-33	-55	-45
Acquisitions	0.00	0.00	-1.00
Purchase of Investments	-4.80	0.00	-2.10
Sale of Property, Plant & Equipment	0.00	2.90	0.00
Divestitures	5.40	0.00	0.00
Sale and/or Maturity of Investments	0.00	0.00	10
Net Cash From Financing Activities	1.80	-1.80	-4.50
Net Cash From Continuing Financing Activities	1.80	-1.80	-4.50
Repayment of Debt	-406	-2.90	-1.10
Issuance of Debt	410	0.00	0.00
Other Financing Activities, net	-2.60	1.10	-3.40
Effect of Exchange Rate Changes	3.40	0.80	0.20

This table details how cash moves in and out of Ranpak's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	6.60	4.40	10	-6.90	9.90	-1.80	-4.70	-4.20	1.50	2.10
Net Cash From Operating Activities	6.50	10	20	5.20	30	6.40	9.10	7.50	11	6.80
Net Cash From Continuing Operating Activities	6.50	10	20	5.20	30	6.40	9.10	7.50	11	6.80
Net Income / (Loss) Continuing Operations	-11	-8.10	5.50	-8.10	-9.30	-3.30	-2.10	-12	-7.30	-8.70
Consolidated Net Income / (Loss)	-11	-8.10	5.50	-8.10	-9.30	-3.30	-2.10	-12	-7.30	-8.70
Depreciation Expense	16	14	17	19	20	16	17	16	16	16
Amortization Expense	1.70	1.50	1.10	0.90	0.70	0.60	0.60	0.90	0.90	2.30
Non-Cash Adjustments To Reconcile Net Income	6.30	-0.80	-0.10	0.30	1.70	-5.70	-8.40	3.30	-0.70	2.30
Changes in Operating Assets and Liabilities, net	-6.60	3.60	-3.60	-6.70	16	-1.60	2.30	-0.60	1.50	-5.30
Net Cash From Investing Activities	-7.80	-5.60	-8.80	-10	-20	-6.80	-13	-12	-11	-3.30
Net Cash From Continuing Investing Activities	-7.80	-5.60	-8.80	-10	-20	-6.80	-13	-12	-11	-3.30
Purchase of Property, Plant & Equipment	-7.80	-5.60	-9.90	-9.80	-20	-9.70	-13	-12	-11	-11
Net Cash From Financing Activities	4.10	-0.70	-0.30	-1.30	-0.40	-0.70	-0.40	-0.30	-0.20	-0.60
Net Cash From Continuing Financing Activities	4.10	-0.70	-0.30	-1.30	-0.40	-0.70	-0.40	-0.30	-0.20	-0.60
Repayment of Debt	-405	-	-0.40	-0.40	-0.40	-1.20	-0.90	-0.40	0.10	-0.40
Other Financing Activities, net	-1.10	-0.70	0.10	-0.90	-	0.50	0.50	0.10	-0.30	-0.20
Effect of Exchange Rate Changes	3.80	0.60	-0.50	-0.50	1.10	-0.70	-	0.40	1.90	-0.80

This table presents Ranpak's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	1,104	1,123	1,134
Total Current Assets	151	125	140
Cash & Equivalents	76	62	63
Accounts Receivable	44	32	33
Inventories, net	22	17	25
Prepaid Expenses	7.70	13	17
Current Deferred & Refundable Income Taxes	1.80	0.90	2.10
Plant, Property, & Equipment, net	138	142	124
Total Noncurrent Assets	815	856	870
Goodwill	444	450	447
Intangible Assets	312	345	372
Noncurrent Deferred & Refundable Income Taxes	0.10	0.10	0.60
Other Noncurrent Operating Assets	59	60	51
Total Liabilities & Shareholders' Equity	1,104	1,123	1,134
Total Liabilities	556	551	521
Total Current Liabilities	68	48	39
Short-Term Debt	5.60	2.50	1.30
Accounts Payable	27	18	24
Accrued Expenses	29	22	11
Current Deferred Revenue	3.40	2.00	0.90
Other Current Liabilities	4.00	3.80	2.00
Total Noncurrent Liabilities	488	503	482
Long-Term Debt	401	398	392
Noncurrent Deferred & Payable Income Tax Liabilities	62	72	81
Other Noncurrent Operating Liabilities	25	33	9.10
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	548	572	613
Total Preferred & Common Equity	548	572	613
Total Common Equity	548	572	613
Common Stock	700	694	704
Retained Earnings	-145	-124	-97
Accumulated Other Comprehensive Income / (Loss)	-6.20	2.10	5.20

This table presents Ranpak's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	1,133	1,120	1,107	1,119	1,139	1,149	1,141
Total Current Assets	153	148	125	123	139	140	164
Cash & Equivalents	70	65	55	52	54	59	61
Accounts Receivable	40	37	33	32	35	34	36
Inventories, net	23	26	19	19	22	23	32
Prepaid Expenses	9.70	12	13	17	23	19	26
Current Deferred & Refundable Income Taxes	11	7.50	4.80	3.70	4.60	5.20	8.50
Plant, Property, & Equipment, net	144	139	139	135	128	127	119
Total Noncurrent Assets	836	833	844	861	872	882	857
Goodwill	451	447	448	445	448	449	438
Intangible Assets	324	329	336	350	359	366	372
Noncurrent Deferred & Refundable Income Taxes	0.10	0.10	0.10	0.60	0.60	0.60	0.00
Other Noncurrent Operating Assets	61	58	60	66	64	66	47
Total Liabilities & Shareholders' Equity	1,133	1,120	1,107	1,119	1,139	1,149	1,141
Total Liabilities	569	554	547	542	548	546	529
Total Current Liabilities	65	59	51	46	49	43	46
Short-Term Debt	2.70	2.60	2.60	2.30	2.40	1.40	0.90
Accounts Payable	24	26	21	20	25	22	24
Accrued Expenses	29	24	23	18	17	15	18
Current Deferred Revenue	4.80	2.40	1.60	2.80	2.70	1.60	1.60
Other Current Liabilities	4.00	3.90	3.80	3.00	2.70	2.70	1.80
Total Noncurrent Liabilities	504	495	496	496	499	503	483
Long-Term Debt	401	394	394	390	394	395	380
Noncurrent Deferred & Payable Income Tax Liabilities	71	72	72	78	80	82	92
Other Noncurrent Operating Liabilities	33	29	30	28	26	25	11
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	564	566	560	578	590	604	612
Total Preferred & Common Equity	564	566	560	578	590	604	612
Total Common Equity	564	566	560	578	590	604	612
Common Stock	698	696	695	692	697	707	707
Retained Earnings	-135	-126	-132	-115	-111	-109	-89
Accumulated Other Comprehensive Income / (Loss)	0.90	-3.50	-2.70	0.00	4.20	6.00	-5.80

This table displays calculated financial ratios and metrics derived from Ranpak's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	9.69%	3.00%	-14.95%
EBITDA Growth	22.63%	79.18%	-60.41%
EBIT Growth	238.57%	80.56%	-305.71%
NOPAT Growth	-70.67%	82.35%	-448.36%
Net Income Growth	20.66%	34.54%	-1,378.57%
EPS Growth	21.21%	35.29%	-1,175.00%
Operating Cash Flow Growth	-21.29%	4,681.82%	-97.97%
Free Cash Flow Firm Growth	-16.43%	170.29%	-122.38%
Invested Capital Growth	-3.50%	-3.47%	1.00%
Revenue Q/Q Growth	4.12%	3.38%	-8.34%
EBITDA Q/Q Growth	4.16%	0.77%	-14.52%
EBIT Q/Q Growth	203.13%	-89.19%	-12.15%
NOPAT Q/Q Growth	31.91%	11.76%	-18.72%
Net Income Q/Q Growth	-7.50%	-32.20%	-3.50%
EPS Q/Q Growth	-8.33%	-1,000.00%	42.70%
Operating Cash Flow Q/Q Growth	-35.81%	56.55%	-72.50%
Free Cash Flow Firm Q/Q Growth	245.48%	289.36%	-31.66%
Invested Capital Q/Q Growth	-2.18%	-0.82%	1.31%
Profitability Metrics	-	-	-
Gross Margin	37.90%	36.66%	30.51%
EBITDA Margin	21.74%	19.45%	11.18%
Operating Margin	-3.47%	-2.23%	-13.02%
EBIT Margin	2.63%	-2.08%	-11.03%
Profit (Net Income) Margin	-5.83%	-8.06%	-12.68%
Tax Burden Percent	90.72%	86.58%	73.02%
Interest Burden Percent	-244.33%	447.14%	157.50%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-1.00%	-0.57%	-3.17%
ROIC Less NNEP Spread (ROIC-NNEP)	-4.75%	-7.10%	-6.88%
Return on Net Nonoperating Assets (RNNOA)	-2.84%	-4.01%	-3.46%
Return on Equity (ROE)	-3.84%	-4.57%	-6.63%
Cash Return on Invested Capital (CROIC)	2.57%	2.96%	-4.16%
Operating Return on Assets (OROA)	0.87%	-0.62%	-3.07%
Return on Assets (ROA)	-1.93%	-2.40%	-3.53%
Return on Common Equity (ROCE)	-3.84%	-4.57%	-6.63%
Return on Equity Simple (ROE_SIMPLE)	-3.92%	-4.74%	-6.76%
Net Operating Profit after Tax (NOPAT)	-8.96	-5.25	-30
NOPAT Margin	-2.43%	-1.56%	-9.11%
Net Nonoperating Expense Percent (NNEP)	3.75%	6.54%	3.71%
Return On Investment Capital (ROIC_SIMPLE)	-0.94%	-0.54%	-2.96%
Cost of Revenue to Revenue	62.10%	63.34%	69.49%
SG&A Expenses to Revenue	30.33%	27.30%	32.31%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	41.37%	38.89%	43.52%
Earnings before Interest and Taxes (EBIT)	9.70	-7.00	-36
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	80	65	37
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.05	0.84	0.77
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.55	1.43	1.45
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.03	0.90	0.85
Enterprise Value to Revenue (EV/Rev)	2.45	2.44	2.46
Enterprise Value to EBITDA (EV/EBITDA)	11.26	12.52	22.01
Enterprise Value to EBIT (EV/EBIT)	93.10	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	21.81	15.57	730.35
Enterprise Value to Free Cash Flow (EV/FCFF)	39.37	29.84	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.74	0.70	0.64
Long-Term Debt to Equity	0.73	0.70	0.64
Financial Leverage	0.60	0.56	0.50
Leverage Ratio	1.99	1.90	1.88
Compound Leverage Factor	-4.86	8.51	2.96
Debt to Total Capital	42.58%	41.17%	39.07%
Short-Term Debt to Total Capital	0.59%	0.26%	0.13%
Long-Term Debt to Total Capital	41.99%	40.91%	38.94%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	57.42%	58.83%	60.93%
Debt to EBITDA	5.07	6.12	10.77
Net Debt to EBITDA	4.12	5.17	9.05
Long-Term Debt to EBITDA	5.00	6.08	10.73
Debt to NOPAT	-45.36	-76.25	-13.21
Net Debt to NOPAT	-36.86	-64.44	-11.10
Long-Term Debt to NOPAT	-44.73	-75.77	-13.17
Altman Z-Score	0.89	0.73	0.72
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	2.21	2.60	3.57
Quick Ratio	1.75	1.95	2.45
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	23	27	-39
Operating Cash Flow to CapEx	125.08%	100.38%	2.46%
Free Cash Flow to Firm to Interest Expense	0.69	1.13	-1.89
Operating Cash Flow to Interest Expense	1.24	2.16	0.05
Operating Cash Flow Less CapEx to Interest Expense	0.25	0.01	-2.11
Efficiency Ratios	-	-	-
Asset Turnover	0.33	0.30	0.28
Accounts Receivable Turnover	9.77	10.41	8.51
Inventory Turnover	11.75	10.07	7.84
Fixed Asset Turnover	2.64	2.53	2.61
Accounts Payable Turnover	10.30	10.17	7.85
Days Sales Outstanding (DSO)	37.35	35.06	42.87
Days Inventory Outstanding (DIO)	31.07	36.24	46.57
Days Payable Outstanding (DPO)	35.45	35.90	46.49
Cash Conversion Cycle (CCC)	32.97	35.40	42.95
Capital & Investment Metrics	-	-	-
Invested Capital	878	910	943
Invested Capital Turnover	0.41	0.36	0.35
Increase / (Decrease) in Invested Capital	-32	-33	9.30
Enterprise Value (EV)	903	819	803
Market Capitalization	573	481	473
Book Value per Share	$6.58	$6.92	$7.47
Tangible Book Value per Share	($2.50)	($2.71)	($2.51)
Total Capital	955	972	1,006
Total Debt	406	400	393
Total Long-Term Debt	401	398	392
Net Debt	330	338	330
Capital Expenditures (CapEx)	33	52	45
Debt-free, Cash-free Net Working Capital (DFCFNWC)	12	17	39
Debt-free Net Working Capital (DFNWC)	88	79	102
Net Working Capital (NWC)	83	77	101
Net Nonoperating Expense (NNE)	13	22	12
Net Nonoperating Obligations (NNO)	330	338	330
Total Depreciation and Amortization (D&A)	71	72	73
Debt-free, Cash-free Net Working Capital to Revenue	3.33%	5.17%	11.94%
Debt-free Net Working Capital to Revenue	23.96%	23.61%	31.18%
Net Working Capital to Revenue	22.45%	22.87%	30.78%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.26)	($0.33)	($0.51)
Adjusted Weighted Average Basic Shares Outstanding	83.06M	82.37M	81.88M
Adjusted Diluted Earnings per Share	($0.26)	($0.33)	($0.51)
Adjusted Weighted Average Diluted Shares Outstanding	83.06M	82.37M	81.88M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	83.61M	82.62M	82.39M
Normalized Net Operating Profit after Tax (NOPAT)	-8.96	-5.25	-30
Normalized NOPAT Margin	-2.43%	-1.56%	-9.11%
Pre Tax Income Margin	-6.42%	-9.31%	-17.37%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.29	-0.29	-1.74
NOPAT to Interest Expense	-0.27	-0.22	-1.44
EBIT Less CapEx to Interest Expense	-0.70	-2.44	-3.90
NOPAT Less CapEx to Interest Expense	-1.26	-2.37	-3.60
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Ranpak's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.15%	11.35%	5.49%	5.05%	13.85%	6.43%	-5.65%	-1.58%	-27.22%	-19.88%
EBITDA Growth	19.75%	-27.32%	42.06%	94.05%	3.18%	61.67%	409.52%	82.61%	-28.31%	-46.67%
EBIT Growth	138.30%	-154.17%	207.32%	61.36%	-235.71%	136.92%	129.93%	38.89%	-156.00%	-271.05%
NOPAT Growth	130.43%	-362.50%	-227.20%	46.07%	17.86%	113.68%	138.60%	35.51%	-609.09%	-608.70%
Net Income Growth	-16.13%	-145.45%	361.90%	34.68%	-244.44%	62.07%	86.79%	12.06%	-107.69%	-521.43%
EPS Growth	-18.18%	-150.00%	333.33%	33.33%	-157.89%	63.64%	92.86%	11.76%	200.00%	-450.00%
Operating Cash Flow Growth	-78.04%	57.81%	115.38%	-30.67%	179.25%	-5.88%	231.88%	179.79%	-21.48%	-32.00%
Free Cash Flow Firm Growth	11.53%	19.41%	68.87%	1,437.55%	323.00%	210.40%	143.32%	104.90%	47.81%	-1,337.08%
Invested Capital Growth	-3.50%	-2.16%	-3.84%	-4.23%	-3.47%	-1.40%	-1.67%	-0.91%	1.00%	0.50%
Revenue Q/Q Growth	13.88%	6.71%	1.29%	-5.64%	9.18%	1.10%	0.86%	2.27%	2.06%	-10.37%
EBITDA Q/Q Growth	37.59%	-53.62%	86.50%	0.62%	-16.49%	-9.35%	154.76%	-46.50%	30.83%	185.71%
EBIT Q/Q Growth	238.46%	-110.32%	470.59%	27.66%	-295.83%	-41.46%	146.59%	-528.57%	78.46%	52.55%
NOPAT Q/Q Growth	133.33%	24.96%	-16.60%	-4.35%	-387.50%	-63.64%	149.44%	-58.93%	52.14%	-2.63%
Net Income Q/Q Growth	-33.33%	-247.27%	167.90%	12.90%	-181.82%	-57.14%	83.06%	-359.26%	68.97%	45.28%
EPS Q/Q Growth	-30.00%	-242.86%	170.00%	9.09%	-175.00%	-33.33%	80.00%	-178.95%	272.73%	73.81%
Operating Cash Flow Q/Q Growth	-35.64%	-48.47%	276.92%	-82.43%	362.50%	-29.67%	21.33%	-29.25%	55.88%	198.55%
Free Cash Flow Firm Q/Q Growth	95.02%	-47.12%	-12.51%	23.61%	108.78%	-25.21%	696.62%	117.93%	-3.36%	70.65%
Invested Capital Q/Q Growth	-2.18%	0.09%	-0.49%	-0.96%	-0.82%	-1.63%	-0.89%	-0.17%	1.31%	-1.90%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	39.43%	37.31%	36.69%	37.87%	37.72%	38.04%	36.87%	33.87%	28.09%	31.36%
EBITDA Margin	18.48%	15.29%	35.19%	19.11%	17.92%	23.43%	26.13%	10.34%	19.77%	15.42%
Operating Margin	1.33%	-4.56%	-6.02%	-5.63%	-5.09%	1.93%	5.37%	-10.96%	-7.05%	-15.04%
EBIT Margin	1.71%	-1.41%	14.58%	-3.99%	-5.20%	2.90%	5.01%	-10.84%	-1.76%	-8.35%
Profit (Net Income) Margin	-10.29%	-8.79%	6.37%	-9.50%	-10.29%	-3.99%	-2.56%	-15.27%	-3.40%	-11.18%
Tax Burden Percent	100.00%	76.42%	75.34%	84.38%	87.74%	75.00%	116.67%	85.52%	21.26%	73.73%
Interest Burden Percent	-600.00%	815.38%	57.94%	282.35%	225.53%	-183.33%	-43.90%	164.77%	907.14%	181.54%
Effective Tax Rate	0.00%	0.00%	24.66%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.39%	-1.24%	-1.71%	-1.46%	-1.29%	0.48%	1.28%	-2.64%	-1.72%	-4.04%
ROIC Less NNEP Spread (ROIC-NNEP)	-3.14%	-2.78%	1.09%	-2.85%	-3.11%	-0.86%	-0.26%	-4.52%	-1.33%	-4.20%
Return on Net Nonoperating Assets (RNNOA)	-1.87%	-1.64%	0.63%	-1.66%	-1.76%	-0.48%	-0.14%	-2.40%	-0.67%	-2.08%
Return on Equity (ROE)	-1.49%	-2.88%	-1.08%	-3.12%	-3.05%	0.00%	1.14%	-5.04%	-2.39%	-6.11%
Cash Return on Invested Capital (CROIC)	2.57%	0.73%	2.92%	4.06%	2.96%	0.76%	0.06%	-1.87%	-4.16%	-3.19%
Operating Return on Assets (OROA)	0.57%	-0.44%	4.45%	-1.20%	-1.55%	0.83%	1.39%	-3.00%	-0.49%	-2.52%
Return on Assets (ROA)	-3.41%	-2.76%	1.94%	-2.87%	-3.07%	-1.15%	-0.71%	-4.23%	-0.95%	-3.37%
Return on Common Equity (ROCE)	-1.49%	-2.88%	-1.08%	-3.12%	-3.05%	0.00%	1.14%	-5.04%	-2.39%	-6.11%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-3.54%	-2.68%	-4.07%	0.00%	-3.55%	-4.39%	-6.58%	0.00%	-6.54%
Net Operating Profit after Tax (NOPAT)	0.98	-2.94	-3.92	-3.36	-3.22	1.12	3.08	-6.23	-3.92	-8.19
NOPAT Margin	0.93%	-3.19%	-4.53%	-3.94%	-3.56%	1.35%	3.76%	-7.67%	-4.94%	-10.53%
Net Nonoperating Expense Percent (NNEP)	3.52%	1.53%	-2.80%	1.40%	1.82%	1.34%	1.54%	1.88%	-0.39%	0.17%
Return On Investment Capital (ROIC_SIMPLE)	0.10%	-	-	-	-0.33%	-	-	-	-0.39%	-
Cost of Revenue to Revenue	60.57%	62.69%	63.31%	62.13%	62.28%	61.96%	63.13%	66.13%	71.91%	68.64%
SG&A Expenses to Revenue	26.57%	31.24%	31.60%	32.71%	30.31%	25.24%	19.90%	33.50%	23.55%	34.45%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	38.10%	41.87%	42.71%	43.49%	42.81%	36.11%	31.50%	44.83%	35.14%	46.40%
Earnings before Interest and Taxes (EBIT)	1.80	-1.30	13	-3.40	-4.70	2.40	4.10	-8.80	-1.40	-6.50
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	19	14	30	16	16	19	21	8.40	16	12
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.05	0.96	0.94	1.16	0.84	0.78	0.63	0.71	0.77	0.46
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.55	1.53	1.55	1.91	1.43	1.38	1.16	1.32	1.45	0.79
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.03	0.98	0.96	1.10	0.90	0.86	0.77	0.82	0.85	0.64
Enterprise Value to Revenue (EV/Rev)	2.45	2.48	2.51	2.91	2.44	2.43	2.23	2.36	2.46	1.68
Enterprise Value to EBITDA (EV/EBITDA)	11.26	11.39	10.51	13.53	12.52	12.16	12.44	19.05	22.01	14.04
Enterprise Value to EBIT (EV/EBIT)	93.10	274.11	125.31	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	21.81	13.60	14.22	19.72	15.57	23.48	21.04	42.66	730.35	149.89
Enterprise Value to Free Cash Flow (EV/FCFF)	39.37	132.10	32.38	26.51	29.84	111.91	1,324.60	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.74	0.71	0.70	0.71	0.70	0.68	0.67	0.66	0.64	0.62
Long-Term Debt to Equity	0.73	0.71	0.70	0.70	0.70	0.68	0.67	0.65	0.64	0.62
Financial Leverage	0.60	0.59	0.58	0.58	0.56	0.55	0.56	0.53	0.50	0.49
Leverage Ratio	1.99	1.97	1.95	1.94	1.90	1.90	1.90	1.90	1.88	1.90
Compound Leverage Factor	-11.93	16.08	1.13	5.48	4.29	-3.48	-0.84	3.13	17.05	3.45
Debt to Total Capital	42.58%	41.67%	41.16%	41.47%	41.17%	40.45%	40.20%	39.64%	39.07%	38.35%
Short-Term Debt to Total Capital	0.59%	0.28%	0.27%	0.27%	0.26%	0.24%	0.24%	0.14%	0.13%	0.09%
Long-Term Debt to Total Capital	41.99%	41.40%	40.89%	41.19%	40.91%	40.21%	39.95%	39.50%	38.94%	38.26%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	57.42%	58.33%	58.84%	58.53%	58.83%	59.55%	59.80%	60.36%	60.93%	61.65%
Debt to EBITDA	5.07	5.24	4.81	5.41	6.12	6.04	6.90	9.84	10.77	8.91
Net Debt to EBITDA	4.12	4.33	4.02	4.66	5.17	5.24	5.96	8.38	9.05	7.48
Long-Term Debt to EBITDA	5.00	5.20	4.78	5.38	6.08	6.01	6.86	9.80	10.73	8.89
Debt to NOPAT	-45.36	-30.64	-43.53	-166.68	-76.25	-65.93	-26.00	-15.06	-13.21	-15.18
Net Debt to NOPAT	-36.86	-25.36	-36.37	-143.53	-64.44	-57.18	-22.46	-12.83	-11.10	-12.74
Long-Term Debt to NOPAT	-44.73	-30.43	-43.24	-165.59	-75.77	-65.55	-25.84	-15.01	-13.17	-15.15
Altman Z-Score	0.86	0.81	0.86	0.92	0.74	0.73	0.66	0.70	0.82	0.63
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.21	2.36	2.52	2.44	2.60	2.69	2.84	3.27	3.57	3.54
Quick Ratio	1.75	1.69	1.73	1.72	1.95	1.84	1.81	2.17	2.45	2.11
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	33	17	32	36	29	14	19	2.37	-13	-13
Operating Cash Flow to CapEx	83.33%	180.36%	197.98%	53.06%	145.10%	65.98%	67.91%	63.56%	98.15%	60.71%
Free Cash Flow to Firm to Interest Expense	2.61	1.81	6.02	5.88	5.00	2.08	3.20	0.42	-2.40	-2.41
Operating Cash Flow to Interest Expense	0.52	1.09	3.70	0.84	5.02	0.94	1.54	1.32	1.93	1.28
Operating Cash Flow Less CapEx to Interest Expense	-0.10	0.48	1.83	-0.74	1.56	-0.49	-0.73	-0.75	-0.04	-0.83
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.33	0.31	0.31	0.30	0.30	0.29	0.28	0.28	0.28	0.30
Accounts Receivable Turnover	9.77	9.79	9.67	10.12	10.41	9.48	8.26	7.93	8.51	8.77
Inventory Turnover	11.75	10.79	8.90	10.13	10.07	8.40	6.62	6.98	7.84	7.68
Fixed Asset Turnover	2.64	2.54	2.58	2.56	2.53	2.57	2.58	2.60	2.61	2.90
Accounts Payable Turnover	10.30	10.06	8.48	9.94	10.17	9.70	7.71	7.27	7.85	8.12
Days Sales Outstanding (DSO)	37.35	37.29	37.73	36.08	35.06	38.49	44.21	46.02	42.87	41.60
Days Inventory Outstanding (DIO)	31.07	33.82	41.03	36.02	36.24	43.45	55.11	52.28	46.57	47.53
Days Payable Outstanding (DPO)	35.45	36.29	43.06	36.71	35.90	37.64	47.34	50.23	46.49	44.94
Cash Conversion Cycle (CCC)	32.97	34.82	35.69	35.39	35.40	44.29	51.99	48.07	42.95	44.19
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	878	898	897	902	910	918	933	941	943	931
Invested Capital Turnover	0.41	0.39	0.38	0.37	0.36	0.35	0.34	0.34	0.35	0.38
Increase / (Decrease) in Invested Capital	-32	-20	-36	-40	-33	-13	-16	-8.60	9.30	4.60
Enterprise Value (EV)	903	877	865	992	819	789	715	768	803	600
Market Capitalization	573	543	534	650	481	449	372	430	473	280
Book Value per Share	$6.58	$6.78	$6.82	$6.78	$6.92	$7.00	$7.16	$7.36	$7.47	$7.46
Tangible Book Value per Share	($2.50)	($2.54)	($2.52)	($2.71)	($2.71)	($2.63)	($2.63)	($2.58)	($2.51)	($2.42)
Total Capital	955	968	962	957	972	970	987	1,000	1,006	992
Total Debt	406	403	396	397	400	392	397	396	393	381
Total Long-Term Debt	401	401	394	394	398	390	394	395	392	380
Net Debt	330	334	331	342	338	340	343	338	330	319
Capital Expenditures (CapEx)	7.80	5.60	9.90	9.80	20	9.70	13	12	11	11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	12	21	26	21	17	28	39	40	39	58
Debt-free Net Working Capital (DFNWC)	88	91	92	76	79	80	92	99	102	119
Net Working Capital (NWC)	83	88	89	74	77	78	90	97	101	118
Net Nonoperating Expense (NNE)	12	5.16	-9.42	4.74	6.08	4.42	5.18	6.17	-1.22	0.51
Net Nonoperating Obligations (NNO)	330	334	331	342	338	340	343	338	330	319
Total Depreciation and Amortization (D&A)	18	15	18	20	21	17	17	17	17	19
Debt-free, Cash-free Net Working Capital to Revenue	3.33%	6.04%	7.65%	6.23%	5.17%	8.52%	12.02%	12.33%	11.94%	16.17%
Debt-free Net Working Capital to Revenue	23.96%	25.66%	26.53%	22.41%	23.61%	24.53%	28.85%	30.35%	31.18%	33.38%
Net Working Capital to Revenue	22.45%	24.89%	25.78%	21.65%	22.87%	23.82%	28.10%	29.92%	30.78%	33.13%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.13)	($0.10)	$0.07	($0.10)	($0.11)	$0.00	($0.09)	($0.15)	$0.19	($0.11)
Adjusted Weighted Average Basic Shares Outstanding	83.06M	83.23M	83.07M	82.68M	82.37M	0.00	164.86M	82.14M	81.88M	81.98M
Adjusted Diluted Earnings per Share	($0.13)	($0.10)	$0.07	($0.10)	($0.11)	$0.00	($0.09)	($0.15)	$0.19	($0.11)
Adjusted Weighted Average Diluted Shares Outstanding	83.06M	83.23M	83.12M	82.68M	82.37M	0.00	164.86M	82.14M	81.88M	81.98M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	83.61M	83.26M	83.22M	82.99M	82.62M	0.00	82.49M	82.41M	82.39M	82.01M
Normalized Net Operating Profit after Tax (NOPAT)	0.98	-2.94	-3.92	-3.36	-3.22	1.12	3.08	-6.23	-3.92	-8.19
Normalized NOPAT Margin	0.93%	-3.19%	-4.53%	-3.94%	-3.56%	1.35%	3.76%	-7.67%	-4.94%	-10.53%
Pre Tax Income Margin	-10.29%	-11.50%	8.45%	-11.25%	-11.73%	-5.31%	-2.20%	-17.86%	-16.00%	-15.17%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.14	-0.14	2.38	-0.55	-0.80	0.35	0.69	-1.54	-0.25	-1.23
NOPAT to Interest Expense	0.08	-0.32	-0.74	-0.54	-0.55	0.16	0.52	-1.09	-0.71	-1.55
EBIT Less CapEx to Interest Expense	-0.48	-0.74	0.51	-2.13	-4.25	-1.07	-1.58	-3.61	-2.22	-3.34
NOPAT Less CapEx to Interest Expense	-0.54	-0.92	-2.61	-2.12	-4.00	-1.26	-1.75	-3.16	-2.68	-3.66
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Ranpak's Financials

When does Ranpak's fiscal year end?

According to the most recent income statement we have on file, Ranpak's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Ranpak's net income changed over the last 2 years?

Ranpak's net income appears to be on a downward trend, with a most recent value of -$21.50 million in 2024, falling from -$41.40 million in 2022. The previous period was -$27.10 million in 2023. See where experts think Ranpak is headed by visiting Ranpak's forecast page.

What is Ranpak's operating income?

Ranpak's total operating income in 2024 was -$12.80 million, based on the following breakdown:

Total Gross Profit: $139.80 million
Total Operating Expenses: $152.60 million

How has Ranpak revenue changed over the last 2 years?

Over the last 2 years, Ranpak's total revenue changed from $326.50 million in 2022 to $368.90 million in 2024, a change of 13.0%.

How much debt does Ranpak have?

Ranpak's total liabilities were at $556.10 million at the end of 2024, a 1.0% increase from 2023, and a 6.8% increase since 2022.

How much cash does Ranpak have?

In the past 2 years, Ranpak's cash and equivalents has ranged from $62 million in 2023 to $76.10 million in 2024, and is currently $76.10 million as of their latest financial filing in 2024.

How has Ranpak's book value per share changed over the last 2 years?

Over the last 2 years, Ranpak's book value per share changed from 7.47 in 2022 to 6.58 in 2024, a change of -11.9%.

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This page (NYSE:PACK) was last updated on 5/25/2025 by MarketBeat.com Staff

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Ranpak (PACK) Financials

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Ranpak (PACK) Financials

Annual Income Statements for Ranpak

Quarterly Income Statements for Ranpak

Annual Cash Flow Statements for Ranpak

Quarterly Cash Flow Statements for Ranpak

Annual Balance Sheets for Ranpak

Quarterly Balance Sheets for Ranpak

Annual Metrics And Ratios for Ranpak

Quarterly Metrics And Ratios for Ranpak

Frequently Asked Questions About Ranpak's Financials

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