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Ranpak (PACK) Financials

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$3.66 +0.13 (+3.54%)
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Annual Income Statements for Ranpak

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 2017 2018 2020 2021 2022 2023 2024 2025
Period end date 12/31/2017 12/31/2018 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 28 -8.60 -23 -2.80 -41 -27 -22 -38
Consolidated Net Income / (Loss)		 28 -8.60 -23 -2.80 -41 -27 -22 -38
Net Income / (Loss) Continuing Operations		 28 -8.60 -23 -2.80 -41 -27 -22 -38
Total Pre-Tax Income 		-14 -16 -25 -4.90 -57 -31 -24 -48
Total Operating Income		 31 11 12 12 -43 -7.50 -13 -24
Total Gross Profit		 112 115 123 149 100 123 140 131
Total Revenue		 244 268 298 384 327 336 369 395
Operating Revenue		 244 268 298 384 327 336 369 395
Total Cost of Revenue		 132 153 176 235 227 213 229 264
Operating Cost of Revenue		 132 153 176 235 227 213 229 264
Total Operating Expenses		 81 104 111 137 142 131 153 155
Selling, General & Admin Expense		 46 53 73 98 106 92 112 115
Depreciation Expense		 42 43 32 35 32 34 35 36
Other Operating Expenses / (Income)		 -7.40 3.90 4.70 3.40 4.50 5.20 5.60 4.50
Total Other Income / (Expense), net		 -45 -27 -36 -17 -14 -24 -11 -23
Interest Expense		 31 31 30 22 21 24 33 34
Other Income / (Expense), net		 -14 4.20 -6.10 5.30 6.50 0.50 23 11
Income Tax Expense		 -41 -7.10 -1.20 -2.10 -15 -4.20 -2.20 -9.20
Basic Earnings per Share		 $27,801.44 ($8,697.61) ($0.32) ($0.04) ($0.51) ($0.33) ($0.26) ($0.45)
Weighted Average Basic Shares Outstanding		 995.00 995.00 72.43M 78.54M 81.88M 82.37M 83.06M 84.18M
Diluted Earnings per Share		 $27,801.44 ($8,697.61) ($0.32) ($0.04) ($0.51) ($0.33) ($0.26) ($0.45)
Weighted Average Diluted Shares Outstanding		 995.00 995.00 72.43M 78.54M 81.88M 82.37M 83.06M 84.18M
Weighted Average Basic & Diluted Shares Outstanding		 995.00 995.00 0.00 0.00 82.39M 82.62M 83.61M 84.72M

Quarterly Income Statements for Ranpak

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

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -8.10 5.50 -8.10 -11 -11 -7.50 -10 -9.50 -10 -7.90 -7.20
Consolidated Net Income / (Loss)		 -8.10 5.50 -8.10 -11 -11 -7.50 -10 -9.50 -10 -7.90 -7.20
Net Income / (Loss) Continuing Operations		 -8.10 5.50 -8.10 -11 -11 -7.50 -10 -9.50 -10 -7.90 -7.20
Total Pre-Tax Income 		-9.60 7.30 -11 -11 -14 -9.50 -15 -9.30 -14 -11 -9.00
Total Operating Income		 -4.80 -5.20 -4.20 1.40 -8.00 -9.70 -5.70 -0.90 -3.80 -2.40 0.00
Total Gross Profit		 32 32 34 41 31 29 34 37 35 35 36
Total Revenue		 85 86 92 105 91 92 100 112 101 105 102
Operating Revenue		 85 86 92 105 91 92 100 112 101 105 102
Total Cost of Revenue		 53 55 58 64 60 63 65 75 66 71 66
Operating Cost of Revenue		 53 55 58 64 60 63 65 75 66 71 66
Total Operating Expenses		 37 37 39 40 39 39 40 37 39 37 36
Selling, General & Admin Expense		 28 27 29 28 29 29 30 27 29 28 26
Depreciation Expense		 8.40 8.30 8.20 10 9.00 8.80 9.20 9.00 9.00 8.60 8.80
Other Operating Expenses / (Income)		 0.80 1.30 1.60 1.90 1.00 1.00 1.30 1.20 0.50 0.70 1.80
Total Other Income / (Expense), net		 -4.80 13 -6.40 -12 -6.10 0.20 -8.90 -8.40 -9.90 -8.40 -9.00
Interest Expense		 6.20 5.30 9.30 13 8.70 8.30 8.70 8.60 8.60 8.10 8.70
Other Income / (Expense), net		 1.40 18 2.90 0.40 2.60 8.50 -0.20 0.20 -1.30 -0.30 -0.30
Income Tax Expense		 -1.50 1.80 -2.50 - -3.20 -2.00 -4.20 0.20 -3.50 -2.90 -1.80
Basic Earnings per Share		 ($0.10) $0.07 ($0.10) ($0.13) ($0.13) ($0.09) ($0.12) ($0.11) ($0.12) ($0.09) ($0.08)
Weighted Average Basic Shares Outstanding		 82.68M 83.07M 83.23M 83.06M 83.70M 84.27M 84.36M 84.18M 84.84M 85.63M 85.77M
Diluted Earnings per Share		 ($0.10) $0.07 ($0.10) ($0.13) ($0.13) ($0.09) ($0.12) ($0.11) ($0.12) ($0.09) ($0.08)
Weighted Average Diluted Shares Outstanding		 82.68M 83.12M 83.23M 83.06M 83.70M 84.27M 84.36M 84.18M 84.84M 85.63M 85.77M
Weighted Average Basic & Diluted Shares Outstanding		 82.99M 83.22M 83.26M 83.61M 84.23M 84.36M 84.38M 84.72M 85.54M 85.76M 85.79M

Annual Cash Flow Statements for Ranpak

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 2017 2018 2020 2021 2022 2023 2024 2025
Period end date 12/31/2017 12/31/2018 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 3.30 8.90 29 55 -41 -0.80 14 -13
Net Cash From Operating Activities		 46 42 64 54 1.10 53 41 23
Net Cash From Continuing Operating Activities		 46 42 64 54 1.10 53 41 23
Net Income / (Loss) Continuing Operations		 28 -8.60 -23 -2.80 -41 -27 -22 -38
Consolidated Net Income / (Loss)		 28 -8.60 -23 -2.80 -41 -27 -22 -38
Depreciation Expense		 61 65 63 74 69 70 65 67
Amortization Expense		 4.50 2.60 -0.10 1.10 3.50 2.80 5.20 5.40
Non-Cash Adjustments To Reconcile Net Income		 15 -2.40 16 19 13 -9.10 5.70 1.90
Changes in Operating Assets and Liabilities, net		 -62 -14 8.70 -36 -43 16 -13 -13
Net Cash From Investing Activities		 -29 -25 -35 -70 -38 -52 -33 -33
Net Cash From Continuing Investing Activities		 -29 -25 -35 -70 -38 -52 -33 -33
Purchase of Property, Plant & Equipment		 -27 -25 -34 -55 -45 -55 -33 -30
Purchase of Investments		 - -0.50 -0.90 - -2.10 0.00 -4.80 -2.50
Sale of Property, Plant & Equipment		 - - - 0.00 0.00 2.90 0.00 0.00
Divestitures		 - - - - 0.00 0.00 5.40 0.00
Net Cash From Financing Activities		 -14 -7.70 -1.60 72 -4.50 -1.80 1.80 -7.00
Net Cash From Continuing Financing Activities		 -14 -7.70 -1.60 72 -4.50 -1.80 1.80 -7.00
Repayment of Debt		 -58 -6.60 -1.60 -23 -1.10 -2.90 -406 -4.10
Issuance of Debt		 45 0.00 0.00 - 0.00 0.00 410 0.00
Other Financing Activities, net		 0.00 -1.10 0.00 -8.90 -3.40 1.10 -2.60 -2.90
Effect of Exchange Rate Changes		 0.40 -0.10 1.10 -1.10 0.20 0.80 3.40 3.60

Quarterly Cash Flow Statements for Ranpak

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 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026
Net Change in Cash & Equivalents		 -6.90 10 4.40 6.60 -11 -16 0.70 13 -15 -5.30 10
Net Cash From Operating Activities		 5.20 20 10 6.50 -1.30 -3.60 8.50 20 4.40 2.70 18
Net Cash From Continuing Operating Activities		 5.20 20 10 6.50 -1.30 -3.60 8.50 20 4.40 2.70 18
Net Income / (Loss) Continuing Operations		 -8.10 5.50 -8.10 -11 -11 -7.50 -10 -9.50 -10 -7.90 -7.20
Consolidated Net Income / (Loss)		 -8.10 5.50 -8.10 -11 -11 -7.50 -10 -9.50 -10 -7.90 -7.20
Depreciation Expense		 19 17 14 16 15 17 18 17 17 16 16
Amortization Expense		 0.90 1.10 1.50 1.70 1.20 1.30 1.40 1.50 1.40 1.50 1.30
Non-Cash Adjustments To Reconcile Net Income		 0.30 -0.10 -0.80 6.30 0.30 -5.00 3.10 3.50 4.30 2.70 3.70
Changes in Operating Assets and Liabilities, net		 -6.70 -3.60 3.60 -6.60 -7.00 -9.20 -3.40 7.00 -7.90 -9.40 3.90
Net Cash From Investing Activities		 -10 -8.80 -5.60 -7.80 -7.50 -12 -7.80 -5.20 -18 -6.60 -10
Net Cash From Continuing Investing Activities		 -10 -8.80 -5.60 -7.80 -7.50 -12 -7.80 -5.20 -18 -6.60 -10
Purchase of Property, Plant & Equipment		 -9.80 -9.90 -5.60 -7.80 -7.50 -9.80 -7.80 -5.20 -8.30 -6.60 -10
Net Cash From Financing Activities		 -1.30 -0.30 -0.70 4.10 -2.80 -2.10 -0.40 -1.70 0.20 -1.30 2.90
Net Cash From Continuing Financing Activities		 -1.30 -0.30 -0.70 4.10 -2.80 -2.10 -0.40 -1.70 0.20 -1.30 2.90
Repayment of Debt		 -0.40 -0.40 - -405 -1.00 -1.10 -1.00 -1.00 -1.00 -1.70 -1.10
Other Financing Activities, net		 -0.90 0.10 -0.70 -1.10 -1.80 -1.00 0.60 -0.70 1.20 0.40 4.00
Effect of Exchange Rate Changes		 -0.50 -0.50 0.60 3.80 1.00 1.70 0.40 0.50 -0.80 -0.10 -0.10

Annual Balance Sheets for Ranpak

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 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 0.87 793 1,104 1,134 1,213 1,134 1,123 1,104 1,125
Total Current Assets		 0.00 68 71 107 192 140 125 151 154
Cash & Equivalents		 0.00 18 20 49 104 63 62 76 63
Accounts Receivable		 - 32 36 39 44 33 32 44 48
Inventories, net		 - 12 12 16 33 25 17 22 31
Prepaid Expenses		 0.00 4.10 2.50 3.40 8.30 17 13 7.70 11
Current Deferred & Refundable Income Taxes		 - 3.40 1.50 0.10 2.70 2.10 0.90 1.80 1.90
Plant, Property, & Equipment, net		 0.00 73 123 124 126 124 142 138 139
Total Noncurrent Assets		 0.87 651 911 902 896 870 856 815 832
Goodwill		 - 356 449 458 453 447 450 444 457
Intangible Assets		 - 294 459 441 407 372 345 312 292
Noncurrent Deferred & Refundable Income Taxes		 - - - - 0.10 0.60 0.10 0.10 0.40
Other Noncurrent Operating Assets		 0.87 2.00 3.10 2.90 36 51 60 59 83
Total Liabilities & Shareholders' Equity		 0.87 793 1,104 1,134 1,213 1,134 1,123 1,104 1,125
Total Liabilities		 0.82 596 573 611 577 521 551 556 590
Total Current Liabilities		 0.82 28 32 58 72 39 48 68 84
Short-Term Debt		 0.09 4.40 1.60 0.50 1.00 1.30 2.50 5.60 5.50
Accounts Payable		 0.00 12 12 25 34 24 18 27 37
Accrued Expenses		 0.72 11 16 31 32 11 22 29 24
Current Deferred Revenue		 - 0.30 2.50 1.40 3.10 0.90 2.00 3.40 14
Other Current Liabilities		 - - - 0.00 2.40 2.00 3.80 4.00 3.90
Total Noncurrent Liabilities		 0.00 568 541 553 506 482 503 488 506
Long-Term Debt		 - 495 419 433 400 392 398 401 396
Noncurrent Deferred & Payable Income Tax Liabilities		 - 70 115 110 98 81 72 62 51
Other Noncurrent Operating Liabilities		 0.00 3.60 2.30 11 7.60 9.10 33 25 59
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 0.05 196 532 523 636 613 572 548 535
Total Preferred & Common Equity		 0.05 196 532 523 636 613 572 548 535
Total Common Equity		 0.05 196 532 523 636 613 572 548 535
Common Stock		 0.06 291 558 565 689 704 694 700 722
Retained Earnings		 -0.01 -70 -29 -53 -55 -97 -124 -145 -184
Accumulated Other Comprehensive Income / (Loss)		 - -24 3.40 11 2.60 5.20 2.10 -6.20 -3.80

Quarterly Balance Sheets for Ranpak

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 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026 9/30/2026
Total Assets		 1,139 1,119 1,107 1,120 1,133 1,120 1,138 1,130 1,107 1,097 1,092
Total Current Assets		 139 123 125 148 153 157 152 147 144 146 145
Cash & Equivalents		 54 52 55 65 70 66 49 50 49 43 53
Accounts Receivable		 35 32 33 37 40 43 45 47 44 49 44
Inventories, net		 22 19 19 26 23 35 38 36 34 33 29
Prepaid Expenses		 23 17 13 12 9.70 9.80 13 4.30 14 14 11
Current Deferred & Refundable Income Taxes		 4.60 3.70 4.80 7.50 11 2.90 5.80 10 4.10 6.20 7.40
Plant, Property, & Equipment, net		 128 135 139 139 144 140 145 143 135 132 135
Total Noncurrent Assets		 872 861 844 833 836 823 841 840 828 820 812
Goodwill		 448 445 448 447 451 448 457 457 454 454 453
Intangible Assets		 359 350 336 329 324 308 306 299 283 276 268
Noncurrent Deferred & Refundable Income Taxes		 0.60 0.60 0.10 0.10 0.10 0.10 0.10 0.10 0.40 0.40 0.40
Other Noncurrent Operating Assets		 64 66 60 58 61 67 78 84 90 90 91
Total Liabilities & Shareholders' Equity		 1,139 1,119 1,107 1,120 1,133 1,120 1,138 1,130 1,107 1,097 1,092
Total Liabilities		 548 542 547 554 569 575 599 592 583 577 578
Total Current Liabilities		 49 46 51 59 65 88 87 78 83 81 81
Short-Term Debt		 2.40 2.30 2.60 2.60 2.70 5.70 5.40 5.90 6.60 6.80 9.00
Accounts Payable		 25 20 21 26 24 37 33 35 35 37 32
Accrued Expenses		 17 18 23 24 29 38 36 25 25 23 24
Current Deferred Revenue		 2.70 2.80 1.60 2.40 4.80 3.30 8.90 8.90 13 12 12
Other Current Liabilities		 2.70 3.00 3.80 3.90 4.00 4.10 4.00 3.90 3.60 3.50 4.40
Total Noncurrent Liabilities		 499 496 496 495 504 488 512 514 499 496 497
Long-Term Debt		 394 390 394 394 401 400 398 397 397 396 399
Noncurrent Deferred & Payable Income Tax Liabilities		 80 78 72 72 71 59 55 57 50 49 48
Other Noncurrent Operating Liabilities		 26 28 30 29 33 29 59 59 53 51 50
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 590 578 560 566 564 544 539 538 525 520 514
Total Preferred & Common Equity		 590 578 560 566 564 544 539 538 525 520 514
Total Common Equity		 590 578 560 566 564 544 539 538 525 520 514
Common Stock		 697 692 695 696 698 707 710 719 724 727 729
Retained Earnings		 -111 -115 -132 -126 -135 -156 -164 -174 -194 -202 -209
Accumulated Other Comprehensive Income / (Loss)		 4.20 0.00 -2.70 -3.50 0.90 -7.00 -7.60 -6.90 -6.10 -5.50 -6.60

Annual Metrics And Ratios for Ranpak

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

Metric 2017 2018 2020 2021 2022 2023 2024 2025
Period end date 12/31/2017 12/31/2018 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 0.00 41,250,000.00 75,510,328.00 81,399,723.00 - - - 84,375,870.00
DEI Adjusted Shares Outstanding		 0.00 41,250,000.00 75,510,328.00 81,399,723.00 - - - 84,375,870.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 -0.21 -0.31 -0.03 - - - -0.45
Growth Metrics		 - - - - - - - -
Revenue Growth		 0.00% 9.75% 0.00% 28.74% -14.95% 3.00% 9.69% 7.08%
EBITDA Growth		 0.00% -0.36% 0.00% 35.19% -60.41% 79.18% 22.63% -26.56%
EBIT Growth		 0.00% -10.59% 0.00% 212.50% -305.71% 80.56% 238.57% -236.08%
NOPAT Growth		 0.00% -64.74% 0.00% 4.27% -448.36% 82.35% -70.67% -89.84%
Net Income Growth		 0.00% -131.05% 0.00% 88.03% -1,378.57% 34.54% 20.66% -78.14%
EPS Growth		 0.00% -131.28% 0.00% 87.50% -1,175.00% 35.29% 21.21% -73.08%
Operating Cash Flow Growth		 0.00% -9.09% 0.00% -14.89% -97.97% 4,681.82% -21.29% -44.20%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% -122.38% 170.29% -16.43% -154.10%
Invested Capital Growth		 0.00% 467,978.35% 0.00% 2.88% 1.00% -3.47% -3.50% -0.52%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 4.69% -8.34% 3.38% 4.12% 1.78%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% -4.16% -14.52% 0.77% 4.16% -2.64%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% -25.85% -12.15% -89.19% 203.13% -23.36%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% -46.26% -18.72% 11.76% 31.91% -10.45%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 73.33% -3.50% -32.20% -7.50% 3.28%
EPS Q/Q Growth		 0.00% 0.00% 0.00% -116.67% 42.70% -1,000.00% -8.33% 4.26%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% -18.71% -72.50% 56.55% -35.81% 128.71%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -31.66% 289.36% 245.48% -47.74%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.81% 1.31% -0.82% -2.18% -1.93%
Profitability Metrics		 - - - - - - - -
Gross Margin		 46.05% 42.78% 41.11% 38.79% 30.51% 36.66% 37.90% 33.09%
EBITDA Margin		 33.84% 30.72% 22.87% 24.02% 11.18% 19.45% 21.74% 14.91%
Operating Margin		 12.78% 4.11% 3.92% 3.18% -13.02% -2.23% -3.47% -6.15%
EBIT Margin		 6.96% 5.67% 1.88% 4.56% -11.03% -2.08% 2.63% -3.34%
Profit (Net Income) Margin		 11.35% -3.21% -7.85% -0.73% -12.68% -8.06% -5.83% -9.70%
Tax Burden Percent		 -202.19% 54.78% 95.12% 57.14% 73.02% 86.58% 90.72% 80.63%
Interest Burden Percent		 -80.59% -103.29% -439.29% -28.00% 157.50% 447.14% -244.33% 359.85%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 15,069.03% 2.27% 0.90% 0.93% -3.17% -0.57% -1.00% -1.94%
ROIC Less NNEP Spread (ROIC-NNEP)		 21,512.27% -4.49% -7.31% -2.40% -6.88% -7.10% -4.75% -8.30%
Return on Net Nonoperating Assets (RNNOA)		 36,241.52% -11.02% -5.38% -1.41% -3.46% -4.01% -2.84% -5.13%
Return on Equity (ROE)		 51,310.55% -8.76% -4.48% -0.48% -6.63% -4.57% -3.84% -7.07%
Cash Return on Invested Capital (CROIC)		 0.00% -197.65% 0.00% -1.91% -4.16% 2.96% 2.57% -1.42%
Operating Return on Assets (OROA)		 1,952.19% 3.83% 0.50% 1.49% -3.07% -0.62% 0.87% -1.18%
Return on Assets (ROA)		 3,180.93% -2.17% -2.09% -0.24% -3.53% -2.40% -1.93% -3.44%
Return on Common Equity (ROCE)		 51,310.55% -8.76% -4.48% -0.48% -6.63% -4.57% -3.84% -7.07%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -4.38% -4.48% -0.44% -6.76% -4.74% -3.92% 0.00%
Net Operating Profit after Tax (NOPAT)		 22 7.70 8.19 8.54 -30 -5.25 -8.96 -17
NOPAT Margin		 8.95% 2.87% 2.75% 2.22% -9.11% -1.56% -2.43% -4.31%
Net Nonoperating Expense Percent (NNEP)		 -6,443.24% 6.76% 8.21% 3.32% 3.71% 6.54% 3.75% 6.36%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - -2.96% -0.54% -0.94% -1.82%
Cost of Revenue to Revenue		 53.95% 57.22% 58.89% 61.21% 69.49% 63.34% 62.10% 66.91%
SG&A Expenses to Revenue		 18.97% 19.86% 24.31% 25.61% 32.31% 27.30% 30.33% 28.99%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 33.27% 38.67% 37.19% 35.61% 43.52% 38.89% 41.37% 39.24%
Earnings before Interest and Taxes (EBIT)		 17 15 5.60 18 -36 -7.00 9.70 -13
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 83 82 68 92 37 65 80 59
Valuation Ratios		 - - - - - - - -
Price to Book Value (P/BV)		 5,557.10 2.11 1.94 4.81 0.77 0.84 1.05 0.85
Price to Tangible Book Value (P/TBV)		 5,557.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 1.23 1.54 3.40 7.97 1.45 1.43 1.55 1.16
Price to Earnings (P/E)		 10.83 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%
Earnings Yield		 9.23% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 2,070.55 1.32 1.54 3.59 0.85 0.90 1.03 0.91
Enterprise Value to Revenue (EV/Rev)		 1.23 3.34 4.69 8.74 2.46 2.44 2.45 2.01
Enterprise Value to EBITDA (EV/EBITDA)		 3.63 10.88 20.52 36.40 22.01 12.52 11.26 13.50
Enterprise Value to EBIT (EV/EBIT)		 17.65 58.92 249.92 191.80 0.00 0.00 93.10 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 13.74 116.30 170.89 393.03 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 6.50 21.32 21.94 61.81 730.35 15.57 21.81 34.43
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 29.84 39.37 0.00
Leverage & Solvency		 - - - - - - - -
Debt to Equity		 1.72 2.54 0.83 0.63 0.64 0.70 0.74 0.75
Long-Term Debt to Equity		 0.00 2.52 0.83 0.63 0.64 0.70 0.73 0.74
Financial Leverage		 1.68 2.45 0.74 0.59 0.50 0.56 0.60 0.62
Leverage Ratio		 16.13 4.04 2.12 2.02 1.88 1.90 1.99 2.06
Compound Leverage Factor		 -13.00 -4.17 -9.32 -0.57 2.96 8.51 -4.86 7.41
Debt to Total Capital		 63.23% 71.77% 45.31% 38.69% 39.07% 41.17% 42.58% 42.90%
Short-Term Debt to Total Capital		 63.23% 0.63% 0.05% 0.10% 0.13% 0.26% 0.59% 0.59%
Long-Term Debt to Total Capital		 0.00% 71.14% 45.26% 38.59% 38.94% 40.91% 41.99% 42.31%
Preferred Equity to Total Capital		 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%
Common Equity to Total Capital		 36.77% 28.23% 54.69% 61.31% 60.93% 58.83% 57.42% 57.10%
Debt to EBITDA		 0.00 6.07 6.35 4.35 10.77 6.12 5.07 6.82
Net Debt to EBITDA		 0.00 5.85 5.64 3.23 9.05 5.17 4.12 5.75
Long-Term Debt to EBITDA		 0.00 6.01 6.34 4.34 10.73 6.08 5.00 6.73
Debt to NOPAT		 0.00 64.84 52.89 47.00 -13.21 -76.25 -45.36 -23.63
Net Debt to NOPAT		 0.00 62.57 46.97 34.84 -11.10 -64.44 -36.86 -19.92
Long-Term Debt to NOPAT		 0.00 64.27 52.83 46.89 -13.17 -75.77 -44.73 -23.30
Altman Z-Score		 563.96 0.76 1.26 3.60 0.72 0.73 0.89 0.62
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - -
Current Ratio		 0.00 2.46 1.86 2.68 3.57 2.60 2.21 1.83
Quick Ratio		 0.00 1.76 1.52 2.06 2.45 1.95 1.75 1.32
Cash Flow Metrics		 - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -671 0.00 -18 -39 27 23 -12
Operating Cash Flow to CapEx		 171.11% 169.35% 189.88% 99.63% 2.46% 100.38% 125.08% 76.24%
Free Cash Flow to Firm to Interest Expense		 0.00 -21.70 0.00 -0.78 -1.89 1.13 0.69 -0.36
Operating Cash Flow to Interest Expense		 1.50 1.36 2.11 2.42 0.05 2.16 1.24 0.67
Operating Cash Flow Less CapEx to Interest Expense		 0.63 0.56 1.00 -0.01 -2.11 0.01 0.25 -0.21
Efficiency Ratios		 - - - - - - - -
Asset Turnover		 280.31 0.68 0.27 0.33 0.28 0.30 0.33 0.35
Accounts Receivable Turnover		 0.00 0.00 7.93 9.27 8.51 10.41 9.77 8.62
Inventory Turnover		 0.00 0.00 12.68 9.59 7.84 10.07 11.75 10.11
Fixed Asset Turnover		 0.00 0.00 2.42 3.06 2.61 2.53 2.64 2.86
Accounts Payable Turnover		 0.00 0.00 9.44 8.05 7.85 10.17 10.30 8.31
Days Sales Outstanding (DSO)		 0.00 0.00 46.02 39.36 42.87 35.06 37.35 42.32
Days Inventory Outstanding (DIO)		 0.00 0.00 28.79 38.05 46.57 36.24 31.07 36.11
Days Payable Outstanding (DPO)		 0.00 0.00 38.66 45.35 46.49 35.90 35.45 43.92
Cash Conversion Cycle (CCC)		 0.00 0.00 36.15 32.06 42.95 35.40 32.97 34.52
Capital & Investment Metrics		 - - - - - - - -
Invested Capital		 0.14 678 908 934 943 910 878 874
Invested Capital Turnover		 1,684.23 0.79 0.33 0.42 0.35 0.36 0.41 0.45
Increase / (Decrease) in Invested Capital		 0.00 678 0.00 26 9.30 -33 -32 -4.60
Enterprise Value (EV)		 300 896 1,400 3,357 803 819 903 795
Market Capitalization		 300 414 1,015 3,059 473 481 573 456
Book Value per Share		 $54.26 $4.76 $6.92 $7.82 $7.47 $6.92 $6.58 $6.34
Tangible Book Value per Share		 $54.26 ($10.98) ($4.98) ($2.74) ($2.51) ($2.71) ($2.50) ($2.54)
Total Capital		 0.15 696 956 1,038 1,006 972 955 937
Total Debt		 0.09 499 433 401 393 400 406 402
Total Long-Term Debt		 0.00 495 433 400 392 398 401 396
Net Debt		 0.09 482 385 298 330 338 330 339
Capital Expenditures (CapEx)		 27 25 34 55 45 52 33 30
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.72 27 1.70 17 39 17 12 12
Debt-free Net Working Capital (DFNWC)		 -0.72 45 50 121 102 79 88 75
Net Working Capital (NWC)		 -0.81 41 50 120 101 77 83 70
Net Nonoperating Expense (NNE)		 -5.86 16 32 11 12 22 13 21
Net Nonoperating Obligations (NNO)		 0.09 482 385 298 330 338 330 339
Total Depreciation and Amortization (D&A)		 66 67 63 75 73 72 71 72
Debt-free, Cash-free Net Working Capital to Revenue		 -0.30% 10.23% 0.57% 4.45% 11.94% 5.17% 3.33% 3.11%
Debt-free Net Working Capital to Revenue		 -0.30% 16.76% 16.83% 31.52% 31.18% 23.61% 23.96% 19.06%
Net Working Capital to Revenue		 -0.33% 15.12% 16.67% 31.26% 30.78% 22.87% 22.45% 17.67%
Earnings Adjustments		 - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 ($0.24) ($0.32) ($0.04) ($0.51) ($0.33) ($0.26) ($0.45)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 41.25M 72.43M 78.54M 81.88M 82.37M 83.06M 84.18M
Adjusted Diluted Earnings per Share		 $0.00 ($0.24) ($0.32) ($0.04) ($0.51) ($0.33) ($0.26) ($0.45)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 41.25M 72.43M 78.54M 81.88M 82.37M 83.06M 84.18M
Adjusted Basic & Diluted Earnings per Share		 $0.00 ($0.24) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 39M 0.00 0.00 82.39M 82.62M 83.61M 84.72M
Normalized Net Operating Profit after Tax (NOPAT)		 22 10 9.73 8.54 -30 -5.25 -8.96 -17
Normalized NOPAT Margin		 9.06% 3.74% 3.26% 2.22% -9.11% -1.56% -2.43% -4.31%
Pre Tax Income Margin		 -5.61% -5.86% -8.25% -1.28% -17.37% -9.31% -6.42% -12.03%
Debt Service Ratios		 - - - - - - - -
EBIT to Interest Expense		 0.55 0.49 0.19 0.78 -1.74 -0.29 0.29 -0.38
NOPAT to Interest Expense		 0.71 0.25 0.27 0.38 -1.44 -0.22 -0.27 -0.50
EBIT Less CapEx to Interest Expense		 -0.33 -0.31 -0.93 -1.65 -3.90 -2.44 -0.70 -1.27
NOPAT Less CapEx to Interest Expense		 -0.17 -0.55 -0.84 -2.05 -3.60 -2.37 -1.26 -1.38
Payout Ratios		 - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 5.78% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Ranpak

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

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026
DEI Shares Outstanding		 - - - - 83,609,781.00 84,233,144.00 84,361,556.00 84,375,870.00 84,721,378.00 85,544,875.00 85,758,289.00
DEI Adjusted Shares Outstanding		 - - - - 83,609,781.00 84,233,144.00 84,361,556.00 84,375,870.00 84,721,378.00 85,544,875.00 85,758,289.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - -0.13 -0.09 -0.12 -0.11 -0.12 -0.09 -0.08
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 5.05% 5.49% 11.35% 16.15% 6.92% 6.83% 8.03% 6.57% 10.96% 13.98% 2.31%
EBITDA Growth		 94.05% 42.06% -27.32% 19.75% -33.13% -44.41% -5.67% -8.25% 20.18% -13.61% 27.82%
EBIT Growth		 61.36% 207.32% -154.17% 138.30% -58.82% -109.52% -353.85% -138.89% 5.56% -125.00% 94.92%
NOPAT Growth		 46.07% -227.20% -362.50% 130.43% -66.67% -73.31% -35.71% -164.29% 52.50% 75.26% 100.00%
Net Income Growth		 34.68% 361.90% -145.45% -16.13% -34.57% -236.36% -28.40% 12.04% 6.42% -5.33% 30.77%
EPS Growth		 33.33% 333.33% -150.00% -18.18% -30.00% -228.57% -20.00% 15.38% 7.69% 0.00% 33.33%
Operating Cash Flow Growth		 -30.67% 115.38% 57.81% -78.04% -125.00% -118.37% -15.84% 200.00% 438.46% 175.00% 108.24%
Free Cash Flow Firm Growth		 1,437.55% 68.87% 19.41% 11.53% -66.52% -107.81% -82.15% -87.93% -83.28% 578.71% 644.19%
Invested Capital Growth		 -4.23% -3.84% -2.16% -3.50% -1.97% -0.48% -0.78% -0.52% -0.53% -1.52% -2.51%
Revenue Q/Q Growth		 -5.64% 1.29% 6.71% 13.88% -13.14% 1.21% 7.91% 12.35% -9.56% 3.95% -3.14%
EBITDA Q/Q Growth		 0.62% 86.50% -53.62% 37.59% -43.81% 55.05% -21.30% 33.83% -26.40% 11.45% 16.44%
EBIT Q/Q Growth		 27.66% 470.59% -110.32% 238.46% -400.00% 77.78% -391.67% 88.14% -628.57% 47.06% 88.89%
NOPAT Q/Q Growth		 -4.35% -16.60% 24.96% 133.33% -671.43% -21.25% 41.24% 84.21% -322.22% 36.84% 100.00%
Net Income Q/Q Growth		 12.90% 167.90% -247.27% -33.33% -0.93% 31.19% -38.67% 8.65% -7.37% 22.55% 8.86%
EPS Q/Q Growth		 9.09% 170.00% -242.86% -30.00% 0.00% 30.77% -33.33% 8.33% -9.09% 25.00% 11.11%
Operating Cash Flow Q/Q Growth		 -82.43% 276.92% -48.47% -35.64% -120.00% -176.92% 336.11% 129.41% -77.44% -38.64% 555.56%
Free Cash Flow Firm Q/Q Growth		 23.61% -12.51% -47.12% 95.02% -62.90% -120.41% 220.88% 31.89% -48.61% 484.31% 87.92%
Invested Capital Q/Q Growth		 -0.96% -0.49% 0.09% -2.18% 0.61% 1.03% -0.21% -1.93% 0.61% 0.02% -1.22%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 37.87% 36.69% 37.31% 39.43% 33.88% 31.31% 34.54% 32.62% 34.49% 32.79% 35.62%
EBITDA Margin		 19.11% 35.19% 15.29% 18.48% 11.95% 18.31% 13.35% 15.91% 12.94% 13.88% 16.68%
Operating Margin		 -5.63% -6.02% -4.56% 1.33% -8.77% -10.51% -5.72% -0.80% -3.75% -2.28% 0.00%
EBIT Margin		 -3.99% 14.58% -1.41% 1.71% -5.92% -1.30% -5.92% -0.63% -5.04% -2.57% -0.29%
Profit (Net Income) Margin		 -9.50% 6.37% -8.79% -10.29% -11.95% -8.13% -10.44% -8.49% -10.08% -7.51% -7.07%
Tax Burden Percent		 84.38% 75.34% 76.42% 100.00% 77.31% 78.95% 71.23% 102.15% 74.45% 73.15% 80.00%
Interest Burden Percent		 282.35% 57.94% 815.38% -600.00% 261.11% 791.67% 247.46% 1,328.57% 268.63% 400.00% 3,000.00%
Effective Tax Rate		 0.00% 24.66% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -1.46% -1.71% -1.24% 0.39% -2.58% -3.13% -1.74% -0.25% -1.21% -0.75% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 -2.85% 1.09% -2.78% -3.14% -4.13% -3.34% -3.60% -2.90% -3.38% -2.50% -2.03%
Return on Net Nonoperating Assets (RNNOA)		 -1.66% 0.63% -1.64% -1.87% -2.55% -2.07% -2.25% -1.79% -2.20% -1.68% -1.37%
Return on Equity (ROE)		 -3.12% -1.08% -2.88% -1.49% -5.13% -5.20% -3.98% -2.05% -3.40% -2.44% -1.37%
Cash Return on Invested Capital (CROIC)		 4.06% 2.92% 0.73% 2.57% 0.74% -1.12% -0.94% -1.42% -1.06% 0.52% 1.98%
Operating Return on Assets (OROA)		 -1.20% 4.45% -0.44% 0.57% -1.99% -0.44% -2.03% -0.22% -1.83% -0.96% -0.11%
Return on Assets (ROA)		 -2.87% 1.94% -2.76% -3.41% -4.02% -2.74% -3.58% -3.01% -3.67% -2.81% -2.67%
Return on Common Equity (ROCE)		 -3.12% -1.08% -2.88% -1.49% -5.13% -5.20% -3.98% -2.05% -3.40% -2.44% -1.37%
Return on Equity Simple (ROE_SIMPLE)		 -4.07% -2.68% -3.54% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -3.36 -3.92 -2.94 0.98 -5.60 -6.79 -3.99 -0.63 -2.66 -1.68 0.00
NOPAT Margin		 -3.94% -4.53% -3.19% 0.93% -6.14% -7.36% -4.01% -0.56% -2.63% -1.60% 0.00%
Net Nonoperating Expense Percent (NNEP)		 1.40% -2.80% 1.53% 3.52% 1.56% 0.21% 1.87% 2.65% 2.17% 1.74% 2.03%
Return On Investment Capital (ROIC_SIMPLE)		 - - - 0.10% -0.59% -0.72% -0.42% -0.07% -0.29% -0.18% 0.00%
Cost of Revenue to Revenue		 62.13% 63.31% 62.69% 60.57% 66.12% 68.69% 65.46% 67.38% 65.51% 67.21% 64.38%
SG&A Expenses to Revenue		 32.71% 31.60% 31.24% 26.57% 31.69% 31.20% 29.72% 24.31% 28.85% 26.24% 25.22%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 43.49% 42.71% 41.87% 38.10% 42.65% 41.82% 40.26% 33.42% 38.24% 35.08% 35.62%
Earnings before Interest and Taxes (EBIT)		 -3.40 13 -1.30 1.80 -5.40 -1.20 -5.90 -0.70 -5.10 -2.70 -0.30
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 16 30 14 19 11 17 13 18 13 15 17
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.16 0.94 0.96 1.05 0.83 0.56 0.88 0.85 0.58 1.20 0.69
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 0.00
Price to Revenue (P/Rev)		 1.91 1.55 1.53 1.55 1.21 0.79 1.22 1.16 0.75 1.50 0.85
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 0.00
Dividend Yield		 0.00% 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% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.10 0.96 0.98 1.03 0.90 0.73 0.93 0.91 0.75 1.12 0.82
Enterprise Value to Revenue (EV/Rev)		 2.91 2.51 2.48 2.45 2.12 1.72 2.13 2.01 1.62 2.36 1.69
Enterprise Value to EBITDA (EV/EBITDA)		 13.53 10.51 11.39 11.26 10.60 10.68 13.67 13.50 10.75 16.75 11.37
Enterprise Value to EBIT (EV/EBIT)		 0.00 125.31 274.11 93.10 102.97 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 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 19.72 14.22 13.60 21.81 22.72 55.95 81.91 34.43 22.81 28.06 16.04
Enterprise Value to Free Cash Flow (EV/FCFF)		 26.51 32.38 132.10 39.37 120.13 0.00 0.00 0.00 0.00 212.23 40.77
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.71 0.70 0.71 0.74 0.74 0.75 0.75 0.75 0.77 0.77 0.79
Long-Term Debt to Equity		 0.70 0.70 0.71 0.73 0.73 0.74 0.74 0.74 0.76 0.76 0.78
Financial Leverage		 0.58 0.58 0.59 0.60 0.62 0.62 0.62 0.62 0.65 0.67 0.67
Leverage Ratio		 1.94 1.95 1.97 1.99 2.02 2.04 2.05 2.06 2.08 2.11 2.11
Compound Leverage Factor		 5.48 1.13 16.08 -11.93 5.27 16.17 5.08 27.35 5.60 8.44 63.37
Debt to Total Capital		 41.47% 41.16% 41.67% 42.58% 42.68% 42.79% 42.84% 42.90% 43.46% 43.64% 44.26%
Short-Term Debt to Total Capital		 0.27% 0.27% 0.28% 0.59% 0.60% 0.57% 0.63% 0.59% 0.71% 0.74% 0.98%
Long-Term Debt to Total Capital		 41.19% 40.89% 41.40% 41.99% 42.08% 42.21% 42.21% 42.31% 42.74% 42.91% 43.29%
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% 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% 0.00%
Common Equity to Total Capital		 58.53% 58.84% 58.33% 57.42% 57.32% 57.21% 57.16% 57.10% 56.54% 56.36% 55.74%
Debt to EBITDA		 5.41 4.81 5.24 5.07 5.42 6.58 6.66 6.82 6.60 6.85 6.53
Net Debt to EBITDA		 4.66 4.02 4.33 4.12 4.54 5.77 5.84 5.75 5.80 6.11 5.68
Long-Term Debt to EBITDA		 5.38 4.78 5.20 5.00 5.34 6.49 6.57 6.73 6.49 6.73 6.39
Debt to NOPAT		 -166.68 -43.53 -30.64 -45.36 -36.18 -28.09 -26.18 -23.63 -28.65 -44.93 -82.11
Net Debt to NOPAT		 -143.53 -36.37 -25.36 -36.86 -30.33 -24.66 -22.94 -19.92 -25.20 -40.11 -71.37
Long-Term Debt to NOPAT		 -165.59 -43.24 -30.43 -44.73 -35.67 -27.71 -25.79 -23.30 -28.18 -44.17 -80.30
Altman Z-Score		 0.92 0.86 0.81 0.86 0.67 0.50 0.66 0.66 0.48 0.84 0.56
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.44 2.52 2.36 2.21 1.78 1.74 1.88 1.83 1.73 1.79 1.79
Quick Ratio		 1.72 1.73 1.69 1.75 1.24 1.08 1.23 1.32 1.11 1.14 1.20
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 36 32 17 33 12 -2.49 3.01 3.97 2.04 12 22
Operating Cash Flow to CapEx		 53.06% 197.98% 180.36% 83.33% -17.33% -36.73% 108.97% 375.00% 53.01% 40.91% 171.84%
Free Cash Flow to Firm to Interest Expense		 5.88 6.02 1.81 2.61 1.40 -0.30 0.35 0.46 0.24 1.47 2.57
Operating Cash Flow to Interest Expense		 0.84 3.70 1.09 0.52 -0.15 -0.43 0.98 2.27 0.51 0.33 2.03
Operating Cash Flow Less CapEx to Interest Expense		 -0.74 1.83 0.48 -0.10 -1.01 -1.61 0.08 1.66 -0.45 -0.48 0.85
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.30 0.31 0.31 0.33 0.34 0.34 0.34 0.35 0.36 0.37 0.38
Accounts Receivable Turnover		 10.12 9.67 9.79 9.77 9.88 9.30 8.95 8.62 9.35 8.82 9.31
Inventory Turnover		 10.13 8.90 10.79 11.75 8.66 7.65 8.63 10.11 7.83 7.84 8.54
Fixed Asset Turnover		 2.56 2.58 2.54 2.64 2.69 2.68 2.71 2.86 2.94 3.02 3.03
Accounts Payable Turnover		 9.94 8.48 10.06 10.30 8.17 8.25 8.56 8.31 7.49 7.97 8.36
Days Sales Outstanding (DSO)		 36.08 37.73 37.29 37.35 36.96 39.26 40.77 42.32 39.02 41.40 39.22
Days Inventory Outstanding (DIO)		 36.02 41.03 33.82 31.07 42.15 47.73 42.28 36.11 46.59 46.55 42.74
Days Payable Outstanding (DPO)		 36.71 43.06 36.29 35.45 44.70 44.23 42.64 43.92 48.75 45.82 43.66
Cash Conversion Cycle (CCC)		 35.39 35.69 34.82 32.97 34.41 42.76 40.41 34.52 36.86 42.12 38.30
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 902 897 898 878 884 893 891 874 879 879 869
Invested Capital Turnover		 0.37 0.38 0.39 0.41 0.42 0.43 0.43 0.45 0.46 0.47 0.48
Increase / (Decrease) in Invested Capital		 -40 -36 -20 -32 -18 -4.30 -7.00 -4.60 -4.70 -14 -22
Enterprise Value (EV)		 992 865 877 903 793 655 827 795 657 985 711
Market Capitalization		 650 534 543 573 453 301 474 456 302 625 356
Book Value per Share		 $6.78 $6.82 $6.78 $6.58 $6.51 $6.40 $6.37 $6.34 $6.19 $6.08 $5.99
Tangible Book Value per Share		 ($2.71) ($2.52) ($2.54) ($2.50) ($2.53) ($2.66) ($2.59) ($2.54) ($2.51) ($2.45) ($2.42)
Total Capital		 957 962 968 955 949 942 941 937 928 923 922
Total Debt		 397 396 403 406 405 403 403 402 403 403 408
Total Long-Term Debt		 394 394 401 401 400 398 397 396 397 396 399
Net Debt		 342 331 334 330 340 354 353 339 355 359 355
Capital Expenditures (CapEx)		 9.80 9.90 5.60 7.80 7.50 9.80 7.80 5.20 8.30 6.60 10
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 21 26 21 12 9.00 21 25 12 19 28 20
Debt-free Net Working Capital (DFNWC)		 76 92 91 88 75 70 74 75 67 71 73
Net Working Capital (NWC)		 74 89 88 83 69 65 69 70 61 64 64
Net Nonoperating Expense (NNE)		 4.74 -9.42 5.16 12 5.30 0.71 6.41 8.87 7.54 6.22 7.20
Net Nonoperating Obligations (NNO)		 342 331 334 330 340 354 353 339 355 359 355
Total Depreciation and Amortization (D&A)		 20 18 15 18 16 18 19 19 18 17 17
Debt-free, Cash-free Net Working Capital to Revenue		 6.23% 7.65% 6.04% 3.33% 2.40% 5.46% 6.31% 3.11% 4.59% 6.65% 4.64%
Debt-free Net Working Capital to Revenue		 22.41% 26.53% 25.66% 23.96% 19.88% 18.39% 19.17% 19.06% 16.57% 16.99% 17.35%
Net Working Capital to Revenue		 21.65% 25.78% 24.89% 22.45% 18.36% 16.97% 17.65% 17.67% 14.94% 15.36% 15.21%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.10) $0.07 ($0.10) ($0.13) ($0.13) ($0.09) ($0.12) ($0.11) ($0.12) ($0.09) ($0.08)
Adjusted Weighted Average Basic Shares Outstanding		 82.68M 83.07M 83.23M 83.06M 83.70M 84.27M 84.36M 84.18M 84.84M 85.63M 85.77M
Adjusted Diluted Earnings per Share		 ($0.10) $0.07 ($0.10) ($0.13) ($0.13) ($0.09) ($0.12) ($0.11) ($0.12) ($0.09) ($0.08)
Adjusted Weighted Average Diluted Shares Outstanding		 82.68M 83.12M 83.23M 83.06M 83.70M 84.27M 84.36M 84.18M 84.84M 85.63M 85.77M
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 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 82.99M 83.22M 83.26M 83.61M 84.23M 84.36M 84.38M 84.72M 85.54M 85.76M 85.79M
Normalized Net Operating Profit after Tax (NOPAT)		 -3.36 -3.92 -2.94 0.98 -5.60 -6.79 -3.99 -0.63 -2.66 -1.68 0.00
Normalized NOPAT Margin		 -3.94% -4.53% -3.19% 0.93% -6.14% -7.36% -4.01% -0.56% -2.63% -1.60% 0.00%
Pre Tax Income Margin		 -11.25% 8.45% -11.50% -10.29% -15.46% -10.29% -14.66% -8.31% -13.54% -10.27% -8.83%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -0.55 2.38 -0.14 0.14 -0.62 -0.14 -0.68 -0.08 -0.59 -0.33 -0.03
NOPAT to Interest Expense		 -0.54 -0.74 -0.32 0.08 -0.64 -0.82 -0.46 -0.07 -0.31 -0.21 0.00
EBIT Less CapEx to Interest Expense		 -2.13 0.51 -0.74 -0.48 -1.48 -1.33 -1.57 -0.69 -1.56 -1.15 -1.22
NOPAT Less CapEx to Interest Expense		 -2.12 -2.61 -0.92 -0.54 -1.51 -2.00 -1.36 -0.68 -1.27 -1.02 -1.18
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% 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% 0.00%

Financials Breakdown Chart

Key Financial Trends

Ranpak’s Q2 2026 results show improving sales and operating performance, but the company remains unprofitable and highly dependent on noncash charges to generate operating cash flow. Revenue reached $105.2 million, up 14.0% from $92.3 million in Q2 2025 and 4.0% from $101.2 million in Q1 2026. This continues the longer-term recovery from quarterly revenue of $77.8 million in Q3 2022.

Gross profit was $34.5 million, producing a gross margin of approximately 32.8%. That was better than the 31.3% margin in Q2 2025, although it declined from 34.5% in Q1 2026. Operating expenses fell to $36.9 million from $38.7 million a year earlier, narrowing the operating loss to $2.4 million from $9.7 million.

Ranpak still reported a $7.9 million net loss, or $0.09 per diluted share. The loss improved sequentially from $10.2 million in Q1 2026, but was slightly larger than the $7.5 million loss recorded in Q2 2025. Interest expense remained substantial at $8.1 million for the quarter.

Cash generation improved year over year. Operating cash flow was $2.7 million in Q2 2026, compared with negative $3.6 million in Q2 2025, although it declined from $4.4 million in Q1 2026. Depreciation, amortization and other noncash adjustments contributed approximately $20.0 million to operating cash flow, while working-capital changes reduced cash flow by $9.4 million.

The balance sheet remains adequate for near-term obligations, with $43.2 million of cash and $145.5 million of current assets against $81.3 million of current liabilities. However, cash declined from $48.5 million at the end of Q1 2026 and $49.2 million a year earlier. Total debt was approximately $402.6 million, resulting in net debt of roughly $359.4 million.

  • Revenue momentum is improving: Q2 2026 revenue rose 14% year over year and was the company’s strongest quarter among the periods provided since Q4 2024.
  • Gross-margin performance improved year over year: The Q2 margin increased to approximately 32.8% from 31.3% in Q2 2025.
  • Operating losses are narrowing: The operating loss improved to $2.4 million from $9.7 million a year earlier, helped by lower selling, general and administrative expense.
  • Operating cash flow returned to positive territory: Q2 generated $2.7 million of operating cash flow versus a $3.6 million outflow in the year-ago quarter.
  • Debt repayments continue: Ranpak repaid $1.7 million of debt in Q2, following $1.0 million of repayments in Q1.
  • Liquidity remains serviceable but is tightening: Current assets were about 1.8 times current liabilities, but cash has declined steadily from $65.5 million at the end of Q1 2025 to $43.2 million at Q2 2026.
  • Capital investment remains significant: Ranpak spent $6.6 million on property, plant and equipment in Q2, which supports capacity and efficiency but limits free cash flow while earnings remain negative.
  • Ranpak has not yet achieved sustained profitability: The company recorded net losses in each reported quarter from Q3 2022 through Q2 2026, except for Q2 2024, when other income produced a temporary profit.
  • Interest expense remains a major burden: The $8.1 million quarterly interest charge exceeded the operating loss and continues to weigh heavily on pretax earnings.
  • Balance-sheet asset quality and leverage warrant attention: Goodwill and intangible assets totaled approximately $729.6 million, or about two-thirds of total assets, while total debt remained above $400 million. This leaves Ranpak exposed to refinancing risk and potential impairment charges.

Overall, the statements point to a mixed but improving operating trend. Revenue growth, better gross margins and reduced operating losses are constructive, while recurring net losses, high interest costs, declining cash and elevated leverage remain significant risks for PACK investors.

11/11/26 01:09 PM ETAI Generated. May Contain Errors.

Ranpak Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Ranpak's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Ranpak's net income appears to be on a downward trend, with a most recent value of -$38.30 million in 2025, compared with $27.70 million in 2017. The previous period was -$21.50 million in 2024. Check out Ranpak's forecast to explore projected trends and price targets.

Ranpak's total operating income in 2025 was -$24.30 million, based on the following breakdown:
  • Total Gross Profit: $130.70 million
  • Total Operating Expenses: $155 million

Over the last 8 years, Ranpak's total revenue changed from $244.10 million in 2017 to $395 million in 2025, a change of 61.8%.

In the past 13 quarters, Ranpak's cash and equivalents has ranged from $43.20 million in Q2 2026 to $69.50 million in Q3 2024, and is currently $53.40 million as of their latest financial filing in Q3 2026.

Ranpak had total debt of $401.90 million at the end of 2025, a 1.1% decrease from 2024, and a 432,776.7% increase since 2017.

Over the last 8 years, Ranpak's book value per share changed from 54.26 in 2017 to 6.34 in 2025, a change of -88.3%.


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Financial statements for NYSE:PACK last updated on 10/29/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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