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Ranpak Holdings Corp.

Ranpak Holdings Corp.

NYSE•PACK
CEO: Mr. Omar Marwan Asali
Sector: Consumer Cyclical
Industry: Packaging & Containers
Listing Date: 2018-03-13
Ranpak Holdings Corp., together with its subsidiaries, provides product protection solutions and end-of-line automation solutions for e-commerce and industrial supply chains in North America, Europe, and Asia. The company offers protective packaging solutions, such as void-fill protective systems that convert paper to fill empty spaces in secondary packages and protect objects under the FillPak brand; cushioning protective systems, which convert paper into cushioning pads under the PadPak brand; and wrapping protective systems that create pads or paper mesh to wrap and protect fragile items, as well as to line boxes and provide separation when shipping various objects under the WrapPak, Geami, and ReadyRoll brands, as well as cold chain products, which are used to provide insulation for goods. It also offers end-of-line packaging automation products, which help end users automate the void filling and box closure processes after product packing is complete. The company sells its products to end users primarily through a distributor network, and directly to select end-users. Ranpak Holdings Corp. was founded in 1972 and is headquartered in Concord Township, Ohio.
Contact Information
7990 Auburn Road, Concord Township, OH, 44077, United States
440-354-4445
www.ranpak.com
Market Cap
$445.50M
P/E (TTM)
-11.2
16.6
Dividend Yield
--
52W High
$8.70
52W Low
$2.91
52W Range
41%
1.5
F-Score
Modified Piotroski Analysis
Based on 8-year fundamentals
Weak • 1.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2017-2024

Financial Dashboard

Q3 2025 Data

Revenue

$99.60M+8.03%
4-Quarter Trend

EPS

-$0.12+23.33%
4-Quarter Trend

FCF

$16.00M+255.56%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Q3 Revenue Increased 8.0% Third quarter net revenue reached $99.6M, showing 8.0% GAAP growth, driven by automation sales increases across segments.
Automation Revenue Strong Growth Nine months automation net revenue surged $6.4M, marking a 33.9% increase compared to the prior year period results.
Installed Base Expansion Total installed PPS systems base grew to 145.6K units, indicating positive underlying business trends for future revenue.
Ending Cash Position Cash and equivalents ended the nine months at $49.9M, providing liquidity buffer despite operational cash flow decline.

Risk Factors

Net Loss Widened Significantly Nine months net loss increased to $(28.8M)$ from $(10.7M)$, reflecting 169.2% deterioration in bottom line results.
Gross Profit Declined Nine months gross profit fell $4.2M (4.3% GAAP decline), pressured by higher cost of sales increases year-to-date.
Operating Cash Flow Drop Net cash provided by operating activities fell sharply to $3.6M for nine months versus $34.9M last year period.
Input Cost Inflation Risk Expect continued pressure on gross margin medium term due to volatile commodity prices like kraft paper and energy costs.

Outlook

Internal Control Remediation Progress Management expects to remediate material internal control weaknesses by the end of calendar year 2025 through ongoing efforts.
Share Repurchase Authorization Board authorized extension of Class A common stock repurchase program up to $50.0M over 36 months; no repurchases executed.
Tax Law Benefits Expected New OBBBA legislation expected to reduce future cash taxes due to increased depreciation and R&D expense deductions.
Customer Warrant Issuances Issued new stock warrants to Amazon and Walmart customers tied to future commercial agreement spending milestones.

Peer Comparison

Revenue (TTM)

Caleres, Inc.CAL
$2.65B
-5.3%
Lands' End, Inc.LE
$1.32B
-8.8%
Miller Industries, Inc.MLR
$975.86M
-24.5%

Gross Margin (Latest Quarter)

Lands' End, Inc.LE
48.8%
+0.9 pp
Caleres, Inc.CAL
43.4%
-2.1 pp
Ranpak Holdings Corp.PACK
41.1%
+3.8 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
KRT$479.41M14.920.6%16.0%
LE$452.56M76.02.6%4.4%
MLR$450.42M10.610.5%8.9%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-1.7%
Flat Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
50%
Cash Flow Needs Attention

Research & Insights

Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Oct 30, 2025|
    Revenue: $99.60M+8.0%
    |
    EPS: $-0.12+23.3%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 5, 2025|
    Revenue: $92.30M+6.8%
    |
    EPS: $-0.09-234.4%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 6, 2025|
    Revenue: $91.20M+6.9%
    |
    EPS: $-0.13+32.7%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 17, 2025|
    Revenue: $368.90M+9.7%
    |
    EPS: $-0.26+21.2%
    Miss
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 31, 2024|
    Revenue: $92.20M+11.4%
    |
    EPS: $-0.10+142.6%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 1, 2024|
    Revenue: $86.40M+5.5%
    |
    EPS: $0.07-359.6%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 2, 2024|
    Revenue: $85.30M+5.0%
    |
    EPS: $-0.10-34.7%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 14, 2024|
    Revenue: $336.30M+3.0%
    |
    EPS: $-0.33+35.3%
    Miss