Ranpak Holdings Corp. (PACK) 10-Year Financial Performance & Capital Metrics

PACK • • Industrial / General

Consumer CyclicalPackagingPaper & Fiber PackagingProtective Packaging

AboutRanpak Holdings Corp., together with its subsidiaries, provide product protection 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. The company's products also include line automation products, which help end users automate the void filling and box closure processes after product packing is complete. It 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.Show more

Revenue $369M +9.7%
EBITDA $53M -15.5%
Net Income -$22M +20.7%
EPS (Diluted) -0.26 +21.2%
Gross Margin 37.9% +3.4%
EBITDA Margin 14.23% -22.9%
Operating Margin -3.47% -55.6%
Net Margin -5.83% +27.7%
ROE -3.84% +16.1%
ROIC -1.04% -74.9%
Debt/Equity 0.79 +4.9%
Interest Coverage -0.45 -45.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 86 (top 14%)
✓Trading at only 0.9x book value

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y6.48%

3Y-1.32%

TTM9.54%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-98%

EPS CAGR

10Y-

5Y-

3Y-

TTM-96.15%

ROCE

10Y Avg7223.52%

5Y Avg-0.7%

3Y Avg-1.9%

Latest-1.21%

Peer Comparison

Protective Packaging

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PACKRanpak Holdings Corp.	492.76M	5.84	-22.46	9.69%	-10.2%	-7.36%	1.68%	0.79

Profit & Loss

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	244.1M	267.9M	269.5M	298.2M	383.9M	326.5M	336.3M	368.9M
Revenue Growth %	-	0.1%	0.01%	0.11%	0.29%	-0.15%	0.03%	0.1%
Cost of Goods Sold+	131.7M	196.5M	158.6M	175.6M	235M	226.9M	213M	229.1M
COGS % of Revenue	0.54%	0.73%	0.59%	0.59%	0.61%	0.69%	0.63%	0.62%
Gross Profit+	112.4M	71.4M	110.9M	122.6M	148.9M	99.6M	123.3M	139.8M
Gross Margin %	0.46%	0.27%	0.41%	0.41%	0.39%	0.31%	0.37%	0.38%
Gross Profit Growth %	-	-0.36%	0.55%	0.11%	0.21%	-0.33%	0.24%	0.13%
Operating Expenses+	80.8M	3.73M	108.7M	110.9M	136.7M	142.1M	130.8M	152.6M
OpEx % of Revenue	0.33%	0.01%	0.4%	0.37%	0.36%	0.44%	0.39%	0.41%
Selling, General & Admin	46.3M	53.2M	61.5M	72.5M	98.3M	84.4M	91.8M	102M
SG&A % of Revenue	0.19%	0.2%	0.23%	0.24%	0.26%	0.26%	0.27%	0.28%
Research & Development	0	2.4M	2.1M	2.3M	1.7M	3.6M	3.7M	4.4M
R&D % of Revenue	-	0.01%	0.01%	0.01%	0%	0.01%	0.01%	0.01%
Other Operating Expenses	34.5M	-1.5M	45.1M	36.1M	36.7M	54.1M	35.3M	46.2M
Operating Income+	31.2M	-3.73M	2.2M	11.7M	12.2M	-42.5M	-7.5M	-12.8M
Operating Margin %	0.13%	-0.01%	0.01%	0.04%	0.03%	-0.13%	-0.02%	-0.03%
Operating Income Growth %	-	-1.12%	1.59%	4.32%	0.04%	-4.48%	0.82%	-0.71%
EBITDA+	92.3M	60.77M	60.5M	74.4M	85.8M	26.5M	62.1M	52.5M
EBITDA Margin %	0.38%	0.23%	0.22%	0.25%	0.22%	0.08%	0.18%	0.14%
EBITDA Growth %	-	-0.34%	-0%	0.23%	0.15%	-0.69%	1.34%	-0.15%
D&A (Non-Cash Add-back)	61.1M	64.5M	58.3M	62.7M	73.6M	69M	69.6M	65.3M
EBIT	17M	16.1M	9.9M	16.6M	14M	-20.3M	-14.2M	-1.7M
Net Interest Income+	-30.7M	-30.9M	-47.5M	-30.2M	-22.4M	-20.7M	-24.3M	-28.6M
Interest Income	0	5.12M	0	0	0	0	0	0
Interest Expense	30.7M	36.02M	47.5M	30.2M	22.4M	20.7M	24.3M	28.6M
Other Income/Expense	-44.9M	-26.7M	-46M	-36.3M	-17.1M	-14.2M	-23.8M	-10.9M
Pretax Income+	-13.7M	1.39M	-43.8M	-24.6M	-4.9M	-56.7M	-31.3M	-23.7M
Pretax Margin %	-0.06%	0.01%	-0.16%	-0.08%	-0.01%	-0.17%	-0.09%	-0.06%
Income Tax+	-41.4M	-5.12M	-7.6M	-1.2M	-2.1M	-15.3M	-4.2M	-2.2M
Effective Tax Rate %	-2.02%	1%	0.83%	0.95%	0.57%	0.73%	0.87%	0.91%
Net Income+	27.7M	1.39M	-36.2M	-23.4M	-2.8M	-41.4M	-27.1M	-21.5M
Net Margin %	0.11%	0.01%	-0.13%	-0.08%	-0.01%	-0.13%	-0.08%	-0.06%
Net Income Growth %	-	-0.95%	-27.1%	0.35%	0.88%	-13.79%	0.35%	0.21%
Net Income (Continuing)	27.7M	-8.6M	-36.2M	-23.4M	-2.8M	-41.4M	-27.1M	-21.5M
Discontinued Operations	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.67	0.03	-0.52	-0.32	-0.04	-0.51	-0.33	-0.26
EPS Growth %	-	-0.95%	-16.48%	0.38%	0.89%	-13.33%	0.35%	0.21%
EPS (Basic)	0.67	0.03	-0.52	-0.32	-0.04	-0.51	-0.33	-0.26
Diluted Shares Outstanding	41.25M	41.25M	70.81M	72.43M	78.54M	81.88M	82.37M	83.06M
Basic Shares Outstanding	41.25M	41.25M	70.81M	72.43M	78.54M	81.88M	82.37M	83.06M
Dividend Payout Ratio	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.9K	3.12M	71.4M	107.2M	191.5M	139.6M	124.9M	151.2M
Cash & Short-Term Investments	1.9K	2.89M	19.7M	48.5M	103.9M	62.8M	62M	76.1M
Cash Only	1.9K	2.89M	19.7M	48.5M	103.9M	62.8M	62M	76.1M
Short-Term Investments	0	0	0	0	0	0	0	0
Accounts Receivable	0	34.9M	37.6M	39.2M	46.4M	35.1M	32.5M	45.7M
Days Sales Outstanding	-	47.55	50.92	47.98	44.12	39.24	35.27	45.22
Inventory	0	11.8M	11.6M	16.1M	32.9M	25M	17.3M	21.7M
Days Inventory Outstanding	-	21.92	26.7	33.47	51.1	40.22	29.65	34.57
Other Current Assets	0	0	2.5M	0	0	16.7M	13.1M	7.7M
Total Non-Current Assets+	868.92K	306.12M	1.03B	1.03B	1.02B	993.9M	997.8M	953M
Property, Plant & Equipment	0	73M	122.5M	124.4M	132.9M	130M	165.8M	158.5M
Fixed Asset Turnover	-	3.67x	2.20x	2.40x	2.89x	2.51x	2.03x	2.33x
Goodwill	0	355.7M	448.8M	458.4M	453M	446.7M	450.1M	443.7M
Intangible Assets	0	293.7M	458.6M	440.6M	406.5M	372.1M	345.4M	312.2M
Long-Term Investments	0	0	0	0	-100K	1.8M	0	0
Other Non-Current Assets	868.92K	-416.28M	3.1M	2.9M	29.4M	42.7M	36.4M	38.5M
Total Assets+	870.82K	309.23M	1.1B	1.13B	1.21B	1.13B	1.12B	1.1B
Asset Turnover	280.31x	0.87x	0.24x	0.26x	0.32x	0.29x	0.30x	0.33x
Asset Growth %	-	354.11%	2.57%	0.03%	0.07%	-0.07%	-0.01%	-0.02%
Total Current Liabilities+	816.83K	6.74M	31.9M	57.5M	71.5M	39.1M	48M	68.4M
Accounts Payable	0	12.3M	12.3M	24.9M	33.5M	24.3M	17.6M	26.9M
Days Payables Outstanding	-	22.85	28.31	51.76	52.03	39.09	30.16	42.86
Short-Term Debt	92.84K	4.4M	1.6M	500K	3.4M	600K	1.6M	4M
Deferred Revenue (Current)	0	-1000K	1000K	1000K	1000K	900K	1000K	1000K
Other Current Liabilities	723.99K	6.3M	6.2M	7.2M	16.9M	4.4M	13.7M	4.5M
Current Ratio	0.00x	0.46x	2.24x	1.86x	2.68x	3.57x	2.60x	2.21x
Quick Ratio	0.00x	-1.29x	1.87x	1.58x	2.22x	2.93x	2.24x	1.89x
Cash Conversion Cycle	-	46.62	49.31	29.69	43.18	40.36	34.76	36.93
Total Non-Current Liabilities+	0	11.3M	540.7M	553.1M	505.7M	481.6M	502.7M	487.7M
Long-Term Debt	0	494.9M	418.8M	432.7M	399.5M	391.7M	396.8M	398.1M
Capital Lease Obligations	0	0	0	0	5.2M	4M	25.7M	23.5M
Deferred Tax Liabilities	0	69.8M	115M	109.6M	97.7M	80.8M	71.6M	62M
Other Non-Current Liabilities	0	3.8M	6.9M	10.8M	3.3M	5.1M	8.6M	4.1M
Total Liabilities	816.83K	18.04M	572.6M	610.6M	577.2M	520.7M	550.7M	556.1M
Total Debt+	92.84K	4M	420.4M	433.2M	411.1M	399M	428.8M	431.2M
Net Debt	90.95K	1.11M	400.7M	384.7M	307.2M	336.2M	366.8M	355.1M
Debt / Equity	1.72x	0.01x	0.79x	0.83x	0.65x	0.65x	0.75x	0.79x
Debt / EBITDA	0.00x	0.07x	6.95x	5.82x	4.79x	15.06x	6.90x	8.21x
Net Debt / EBITDA	0.00x	0.02x	6.62x	5.17x	3.58x	12.69x	5.91x	6.76x
Interest Coverage	1.02x	-0.10x	0.05x	0.39x	0.54x	-2.05x	-0.31x	-0.45x
Total Equity+	53.98K	291.2M	531.8M	522.9M	636.2M	612.8M	572M	548.1M
Equity Growth %	-	5393.02%	0.83%	-0.02%	0.22%	-0.04%	-0.07%	-0.04%
Book Value per Share	0.00	7.06	7.51	7.22	8.10	7.48	6.94	6.60
Total Shareholders' Equity	53.98K	291.2M	531.8M	522.9M	636.2M	612.8M	572M	548.1M
Common Stock	1.13K	286.2M	0	0	0	0	0	0
Retained Earnings	-8.52K	1.38M	-29.1M	-52.5M	-55.3M	-96.7M	-123.8M	-145.3M
Treasury Stock	0	-1.5M	0	0	0	0	0	0
Accumulated OCI	0	-23.6M	3.4M	10.7M	2.6M	5.2M	2.1M	-6.2M
Minority Interest	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	46.2M	-1.22M	26.3M	63.8M	54.3M	1.1M	52.6M	41.4M
Operating CF Margin %	0.19%	-0%	0.1%	0.21%	0.14%	0%	0.16%	0.11%
Operating CF Growth %	-	-1.03%	22.59%	1.43%	-0.15%	-0.98%	46.82%	-0.21%
Net Income	27.7M	1.39M	-36.2M	-23.4M	-2.8M	-41.4M	-27.1M	-21.5M
Depreciation & Amortization	61.1M	64.5M	58.3M	62.7M	73.6M	69M	69.6M	65.3M
Stock-Based Compensation	12.6M	10.5M	0	7.2M	0	18.3M	-10.2M	6.3M
Deferred Taxes	-52.2M	-14M	-15.2M	-5.4M	-12.8M	-19.7M	-5.9M	-6.9M
Other Non-Cash Items	4.5M	-15.62M	18.8M	8.8M	19.9M	-1.5M	3.9M	4.6M
Working Capital Changes	-7.5M	2.51M	600K	14.1M	-23.6M	-23.6M	22.3M	-6.4M
Change in Receivables	-4.1M	-1.9M	-5.9M	11.1M	-6.9M	9.7M	7.3M	-12.6M
Change in Inventory	-4.8M	300K	3.2M	-4.6M	-17.2M	7.6M	5.3M	-4.8M
Change in Payables	2.6M	2.74M	-16.3M	10.3M	5.7M	-12.4M	-700K	9.1M
Cash from Investing+	-29.1M	-301M	-667.9M	-34.5M	-69.8M	-37.9M	-52.4M	-32.5M
Capital Expenditures	-27.5M	-25.3M	-30.4M	-33.2M	-55.7M	-44.8M	-55.3M	-33.1M
CapEx % of Revenue	0.11%	0.09%	0.11%	0.11%	0.15%	0.14%	0.16%	0.09%
Acquisitions	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-
Other Investing	-500K	-301M	308.1M	-1.3M	0	1.1M	2.9M	600K
Cash from Financing+	-14.2M	305.11M	651M	-1.6M	72M	-4.5M	-1.8M	1.8M
Debt Issued (Net)	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-
Other Financing	-700K	-1.1M	-26.2M	0	-8.8M	-2.5M	-1.5M	-14.7M
Net Change in Cash	-	-	-	-	-	-	-	-
Free Cash Flow+	18.7M	-26.52M	-4.1M	30.6M	-1.4M	-44.7M	-2.7M	8.3M
FCF Margin %	0.08%	-0.1%	-0.02%	0.1%	-0%	-0.14%	-0.01%	0.02%
FCF Growth %	-	-2.42%	0.85%	8.46%	-1.05%	-30.93%	0.94%	4.07%
FCF per Share	0.45	-0.64	-0.06	0.42	-0.02	-0.55	-0.03	0.10
FCF Conversion (FCF/Net Income)	1.67x	-0.88x	-0.73x	-2.73x	-19.39x	-0.03x	-1.94x	-1.93x
Interest Paid	0	0	0	22.5M	21.7M	20.5M	26M	29.8M
Taxes Paid	0	0	0	3.7M	8.4M	2.7M	2.8M	2.2M

Key Ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	51310.55%	0.95%	-8.8%	-4.44%	-0.48%	-6.63%	-4.57%	-3.84%
Return on Invested Capital (ROIC)	16145.39%	-1.91%	0.27%	0.95%	0.99%	-3.37%	-0.6%	-1.04%
Gross Margin	46.05%	26.65%	41.15%	41.11%	38.79%	30.51%	36.66%	37.9%
Net Margin	11.35%	0.52%	-13.43%	-7.85%	-0.73%	-12.68%	-8.06%	-5.83%
Debt / Equity	1.72x	0.01x	0.79x	0.83x	0.65x	0.65x	0.75x	0.79x
Interest Coverage	1.02x	-0.10x	0.05x	0.39x	0.54x	-2.05x	-0.31x	-0.45x
FCF Conversion	1.67x	-0.88x	-0.73x	-2.73x	-19.39x	-0.03x	-1.94x	-1.93x
Revenue Growth	-	9.75%	0.6%	10.65%	28.74%	-14.95%	3%	9.69%

Revenue by Segment

	2020	2021	2022	2023	2024
Paper	250.7M	321.4M	261.3M	264.2M	-
Paper Growth	-	28.20%	-18.70%	1.11%	-
Machine Lease	-	47.7M	50.1M	51.5M	-
Machine Lease Growth	-	-	5.03%	2.79%	-
Product and Service, Other	-	14.8M	15.1M	20.6M	-
Product and Service, Other Growth	-	-	2.03%	36.42%	-
Product And Service Other	7.9M	-	-	-	-
Product And Service Other Growth	-	-	-	-	-

Revenue by Geography

	2020	2021	2022	2023	2024
Europe And Asia	-	237M	191.8M	199M	205.7M
Europe And Asia Growth	-	-	-19.07%	3.75%	3.37%
North America	-	146.9M	134.7M	137.3M	163.2M
North America Growth	-	-	-8.30%	1.93%	18.86%
Europe Asia	147.7M	-	-	-	-
Europe Asia Growth	-	-	-	-	-
North America	110.9M	-	-	-	-
North America Growth	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Ranpak Holdings Corp. (PACK) reported $388.1M in revenue for fiscal year 2024. This represents a 59% increase from $244.1M in 2017.

Ranpak Holdings Corp. (PACK) grew revenue by 9.7% over the past year. This is steady growth.

Ranpak Holdings Corp. (PACK) reported a net loss of $39.6M for fiscal year 2024.

Dividend & Returns

Ranpak Holdings Corp. (PACK) has a return on equity (ROE) of -3.8%. Negative ROE indicates the company is unprofitable.

Ranpak Holdings Corp. (PACK) had negative free cash flow of $33.8M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

...

Ranpak Holdings Corp. (PACK) 10-Year Financial Performance & Capital Metrics

PACK • • Industrial / General

Consumer CyclicalPackagingPaper & Fiber PackagingProtective Packaging

Revenue $369M +9.7%
EBITDA $53M -15.5%
Net Income -$22M +20.7%
EPS (Diluted) -0.26 +21.2%
Gross Margin 37.9% +3.4%
EBITDA Margin 14.23% -22.9%
Operating Margin -3.47% -55.6%
Net Margin -5.83% +27.7%
ROE -3.84% +16.1%
ROIC -1.04% -74.9%
Debt/Equity 0.79 +4.9%
Interest Coverage -0.45 -45.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 86 (top 14%)
✓Trading at only 0.9x book value

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y6.48%

3Y-1.32%

TTM9.54%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-98%

EPS CAGR

10Y-

5Y-

3Y-

TTM-96.15%

ROCE

10Y Avg7223.52%

5Y Avg-0.7%

3Y Avg-1.9%

Latest-1.21%

Peer Comparison

Protective Packaging

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PACKRanpak Holdings Corp.	492.76M	5.84	-22.46	9.69%	-10.2%	-7.36%	1.68%	0.79

Profit & Loss

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	244.1M	267.9M	269.5M	298.2M	383.9M	326.5M	336.3M	368.9M
Revenue Growth %	-	0.1%	0.01%	0.11%	0.29%	-0.15%	0.03%	0.1%
Cost of Goods Sold+	131.7M	196.5M	158.6M	175.6M	235M	226.9M	213M	229.1M
COGS % of Revenue	0.54%	0.73%	0.59%	0.59%	0.61%	0.69%	0.63%	0.62%
Gross Profit+	112.4M	71.4M	110.9M	122.6M	148.9M	99.6M	123.3M	139.8M
Gross Margin %	0.46%	0.27%	0.41%	0.41%	0.39%	0.31%	0.37%	0.38%
Gross Profit Growth %	-	-0.36%	0.55%	0.11%	0.21%	-0.33%	0.24%	0.13%
Operating Expenses+	80.8M	3.73M	108.7M	110.9M	136.7M	142.1M	130.8M	152.6M
OpEx % of Revenue	0.33%	0.01%	0.4%	0.37%	0.36%	0.44%	0.39%	0.41%
Selling, General & Admin	46.3M	53.2M	61.5M	72.5M	98.3M	84.4M	91.8M	102M
SG&A % of Revenue	0.19%	0.2%	0.23%	0.24%	0.26%	0.26%	0.27%	0.28%
Research & Development	0	2.4M	2.1M	2.3M	1.7M	3.6M	3.7M	4.4M
R&D % of Revenue	-	0.01%	0.01%	0.01%	0%	0.01%	0.01%	0.01%
Other Operating Expenses	34.5M	-1.5M	45.1M	36.1M	36.7M	54.1M	35.3M	46.2M
Operating Income+	31.2M	-3.73M	2.2M	11.7M	12.2M	-42.5M	-7.5M	-12.8M
Operating Margin %	0.13%	-0.01%	0.01%	0.04%	0.03%	-0.13%	-0.02%	-0.03%
Operating Income Growth %	-	-1.12%	1.59%	4.32%	0.04%	-4.48%	0.82%	-0.71%
EBITDA+	92.3M	60.77M	60.5M	74.4M	85.8M	26.5M	62.1M	52.5M
EBITDA Margin %	0.38%	0.23%	0.22%	0.25%	0.22%	0.08%	0.18%	0.14%
EBITDA Growth %	-	-0.34%	-0%	0.23%	0.15%	-0.69%	1.34%	-0.15%
D&A (Non-Cash Add-back)	61.1M	64.5M	58.3M	62.7M	73.6M	69M	69.6M	65.3M
EBIT	17M	16.1M	9.9M	16.6M	14M	-20.3M	-14.2M	-1.7M
Net Interest Income+	-30.7M	-30.9M	-47.5M	-30.2M	-22.4M	-20.7M	-24.3M	-28.6M
Interest Income	0	5.12M	0	0	0	0	0	0
Interest Expense	30.7M	36.02M	47.5M	30.2M	22.4M	20.7M	24.3M	28.6M
Other Income/Expense	-44.9M	-26.7M	-46M	-36.3M	-17.1M	-14.2M	-23.8M	-10.9M
Pretax Income+	-13.7M	1.39M	-43.8M	-24.6M	-4.9M	-56.7M	-31.3M	-23.7M
Pretax Margin %	-0.06%	0.01%	-0.16%	-0.08%	-0.01%	-0.17%	-0.09%	-0.06%
Income Tax+	-41.4M	-5.12M	-7.6M	-1.2M	-2.1M	-15.3M	-4.2M	-2.2M
Effective Tax Rate %	-2.02%	1%	0.83%	0.95%	0.57%	0.73%	0.87%	0.91%
Net Income+	27.7M	1.39M	-36.2M	-23.4M	-2.8M	-41.4M	-27.1M	-21.5M
Net Margin %	0.11%	0.01%	-0.13%	-0.08%	-0.01%	-0.13%	-0.08%	-0.06%
Net Income Growth %	-	-0.95%	-27.1%	0.35%	0.88%	-13.79%	0.35%	0.21%
Net Income (Continuing)	27.7M	-8.6M	-36.2M	-23.4M	-2.8M	-41.4M	-27.1M	-21.5M
Discontinued Operations	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.67	0.03	-0.52	-0.32	-0.04	-0.51	-0.33	-0.26
EPS Growth %	-	-0.95%	-16.48%	0.38%	0.89%	-13.33%	0.35%	0.21%
EPS (Basic)	0.67	0.03	-0.52	-0.32	-0.04	-0.51	-0.33	-0.26
Diluted Shares Outstanding	41.25M	41.25M	70.81M	72.43M	78.54M	81.88M	82.37M	83.06M
Basic Shares Outstanding	41.25M	41.25M	70.81M	72.43M	78.54M	81.88M	82.37M	83.06M
Dividend Payout Ratio	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.9K	3.12M	71.4M	107.2M	191.5M	139.6M	124.9M	151.2M
Cash & Short-Term Investments	1.9K	2.89M	19.7M	48.5M	103.9M	62.8M	62M	76.1M
Cash Only	1.9K	2.89M	19.7M	48.5M	103.9M	62.8M	62M	76.1M
Short-Term Investments	0	0	0	0	0	0	0	0
Accounts Receivable	0	34.9M	37.6M	39.2M	46.4M	35.1M	32.5M	45.7M
Days Sales Outstanding	-	47.55	50.92	47.98	44.12	39.24	35.27	45.22
Inventory	0	11.8M	11.6M	16.1M	32.9M	25M	17.3M	21.7M
Days Inventory Outstanding	-	21.92	26.7	33.47	51.1	40.22	29.65	34.57
Other Current Assets	0	0	2.5M	0	0	16.7M	13.1M	7.7M
Total Non-Current Assets+	868.92K	306.12M	1.03B	1.03B	1.02B	993.9M	997.8M	953M
Property, Plant & Equipment	0	73M	122.5M	124.4M	132.9M	130M	165.8M	158.5M
Fixed Asset Turnover	-	3.67x	2.20x	2.40x	2.89x	2.51x	2.03x	2.33x
Goodwill	0	355.7M	448.8M	458.4M	453M	446.7M	450.1M	443.7M
Intangible Assets	0	293.7M	458.6M	440.6M	406.5M	372.1M	345.4M	312.2M
Long-Term Investments	0	0	0	0	-100K	1.8M	0	0
Other Non-Current Assets	868.92K	-416.28M	3.1M	2.9M	29.4M	42.7M	36.4M	38.5M
Total Assets+	870.82K	309.23M	1.1B	1.13B	1.21B	1.13B	1.12B	1.1B
Asset Turnover	280.31x	0.87x	0.24x	0.26x	0.32x	0.29x	0.30x	0.33x
Asset Growth %	-	354.11%	2.57%	0.03%	0.07%	-0.07%	-0.01%	-0.02%
Total Current Liabilities+	816.83K	6.74M	31.9M	57.5M	71.5M	39.1M	48M	68.4M
Accounts Payable	0	12.3M	12.3M	24.9M	33.5M	24.3M	17.6M	26.9M
Days Payables Outstanding	-	22.85	28.31	51.76	52.03	39.09	30.16	42.86
Short-Term Debt	92.84K	4.4M	1.6M	500K	3.4M	600K	1.6M	4M
Deferred Revenue (Current)	0	-1000K	1000K	1000K	1000K	900K	1000K	1000K
Other Current Liabilities	723.99K	6.3M	6.2M	7.2M	16.9M	4.4M	13.7M	4.5M
Current Ratio	0.00x	0.46x	2.24x	1.86x	2.68x	3.57x	2.60x	2.21x
Quick Ratio	0.00x	-1.29x	1.87x	1.58x	2.22x	2.93x	2.24x	1.89x
Cash Conversion Cycle	-	46.62	49.31	29.69	43.18	40.36	34.76	36.93
Total Non-Current Liabilities+	0	11.3M	540.7M	553.1M	505.7M	481.6M	502.7M	487.7M
Long-Term Debt	0	494.9M	418.8M	432.7M	399.5M	391.7M	396.8M	398.1M
Capital Lease Obligations	0	0	0	0	5.2M	4M	25.7M	23.5M
Deferred Tax Liabilities	0	69.8M	115M	109.6M	97.7M	80.8M	71.6M	62M
Other Non-Current Liabilities	0	3.8M	6.9M	10.8M	3.3M	5.1M	8.6M	4.1M
Total Liabilities	816.83K	18.04M	572.6M	610.6M	577.2M	520.7M	550.7M	556.1M
Total Debt+	92.84K	4M	420.4M	433.2M	411.1M	399M	428.8M	431.2M
Net Debt	90.95K	1.11M	400.7M	384.7M	307.2M	336.2M	366.8M	355.1M
Debt / Equity	1.72x	0.01x	0.79x	0.83x	0.65x	0.65x	0.75x	0.79x
Debt / EBITDA	0.00x	0.07x	6.95x	5.82x	4.79x	15.06x	6.90x	8.21x
Net Debt / EBITDA	0.00x	0.02x	6.62x	5.17x	3.58x	12.69x	5.91x	6.76x
Interest Coverage	1.02x	-0.10x	0.05x	0.39x	0.54x	-2.05x	-0.31x	-0.45x
Total Equity+	53.98K	291.2M	531.8M	522.9M	636.2M	612.8M	572M	548.1M
Equity Growth %	-	5393.02%	0.83%	-0.02%	0.22%	-0.04%	-0.07%	-0.04%
Book Value per Share	0.00	7.06	7.51	7.22	8.10	7.48	6.94	6.60
Total Shareholders' Equity	53.98K	291.2M	531.8M	522.9M	636.2M	612.8M	572M	548.1M
Common Stock	1.13K	286.2M	0	0	0	0	0	0
Retained Earnings	-8.52K	1.38M	-29.1M	-52.5M	-55.3M	-96.7M	-123.8M	-145.3M
Treasury Stock	0	-1.5M	0	0	0	0	0	0
Accumulated OCI	0	-23.6M	3.4M	10.7M	2.6M	5.2M	2.1M	-6.2M
Minority Interest	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	46.2M	-1.22M	26.3M	63.8M	54.3M	1.1M	52.6M	41.4M
Operating CF Margin %	0.19%	-0%	0.1%	0.21%	0.14%	0%	0.16%	0.11%
Operating CF Growth %	-	-1.03%	22.59%	1.43%	-0.15%	-0.98%	46.82%	-0.21%
Net Income	27.7M	1.39M	-36.2M	-23.4M	-2.8M	-41.4M	-27.1M	-21.5M
Depreciation & Amortization	61.1M	64.5M	58.3M	62.7M	73.6M	69M	69.6M	65.3M
Stock-Based Compensation	12.6M	10.5M	0	7.2M	0	18.3M	-10.2M	6.3M
Deferred Taxes	-52.2M	-14M	-15.2M	-5.4M	-12.8M	-19.7M	-5.9M	-6.9M
Other Non-Cash Items	4.5M	-15.62M	18.8M	8.8M	19.9M	-1.5M	3.9M	4.6M
Working Capital Changes	-7.5M	2.51M	600K	14.1M	-23.6M	-23.6M	22.3M	-6.4M
Change in Receivables	-4.1M	-1.9M	-5.9M	11.1M	-6.9M	9.7M	7.3M	-12.6M
Change in Inventory	-4.8M	300K	3.2M	-4.6M	-17.2M	7.6M	5.3M	-4.8M
Change in Payables	2.6M	2.74M	-16.3M	10.3M	5.7M	-12.4M	-700K	9.1M
Cash from Investing+	-29.1M	-301M	-667.9M	-34.5M	-69.8M	-37.9M	-52.4M	-32.5M
Capital Expenditures	-27.5M	-25.3M	-30.4M	-33.2M	-55.7M	-44.8M	-55.3M	-33.1M
CapEx % of Revenue	0.11%	0.09%	0.11%	0.11%	0.15%	0.14%	0.16%	0.09%
Acquisitions	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-
Other Investing	-500K	-301M	308.1M	-1.3M	0	1.1M	2.9M	600K
Cash from Financing+	-14.2M	305.11M	651M	-1.6M	72M	-4.5M	-1.8M	1.8M
Debt Issued (Net)	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-
Other Financing	-700K	-1.1M	-26.2M	0	-8.8M	-2.5M	-1.5M	-14.7M
Net Change in Cash	-	-	-	-	-	-	-	-
Free Cash Flow+	18.7M	-26.52M	-4.1M	30.6M	-1.4M	-44.7M	-2.7M	8.3M
FCF Margin %	0.08%	-0.1%	-0.02%	0.1%	-0%	-0.14%	-0.01%	0.02%
FCF Growth %	-	-2.42%	0.85%	8.46%	-1.05%	-30.93%	0.94%	4.07%
FCF per Share	0.45	-0.64	-0.06	0.42	-0.02	-0.55	-0.03	0.10
FCF Conversion (FCF/Net Income)	1.67x	-0.88x	-0.73x	-2.73x	-19.39x	-0.03x	-1.94x	-1.93x
Interest Paid	0	0	0	22.5M	21.7M	20.5M	26M	29.8M
Taxes Paid	0	0	0	3.7M	8.4M	2.7M	2.8M	2.2M

Key Ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	51310.55%	0.95%	-8.8%	-4.44%	-0.48%	-6.63%	-4.57%	-3.84%
Return on Invested Capital (ROIC)	16145.39%	-1.91%	0.27%	0.95%	0.99%	-3.37%	-0.6%	-1.04%
Gross Margin	46.05%	26.65%	41.15%	41.11%	38.79%	30.51%	36.66%	37.9%
Net Margin	11.35%	0.52%	-13.43%	-7.85%	-0.73%	-12.68%	-8.06%	-5.83%
Debt / Equity	1.72x	0.01x	0.79x	0.83x	0.65x	0.65x	0.75x	0.79x
Interest Coverage	1.02x	-0.10x	0.05x	0.39x	0.54x	-2.05x	-0.31x	-0.45x
FCF Conversion	1.67x	-0.88x	-0.73x	-2.73x	-19.39x	-0.03x	-1.94x	-1.93x
Revenue Growth	-	9.75%	0.6%	10.65%	28.74%	-14.95%	3%	9.69%

Revenue by Segment

	2020	2021	2022	2023	2024
Paper	250.7M	321.4M	261.3M	264.2M	-
Paper Growth	-	28.20%	-18.70%	1.11%	-
Machine Lease	-	47.7M	50.1M	51.5M	-
Machine Lease Growth	-	-	5.03%	2.79%	-
Product and Service, Other	-	14.8M	15.1M	20.6M	-
Product and Service, Other Growth	-	-	2.03%	36.42%	-
Product And Service Other	7.9M	-	-	-	-
Product And Service Other Growth	-	-	-	-	-

Revenue by Geography

	2020	2021	2022	2023	2024
Europe And Asia	-	237M	191.8M	199M	205.7M
Europe And Asia Growth	-	-	-19.07%	3.75%	3.37%
North America	-	146.9M	134.7M	137.3M	163.2M
North America Growth	-	-	-8.30%	1.93%	18.86%
Europe Asia	147.7M	-	-	-	-
Europe Asia Growth	-	-	-	-	-
North America	110.9M	-	-	-	-
North America Growth	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Ranpak Holdings Corp. (PACK) reported $388.1M in revenue for fiscal year 2024. This represents a 59% increase from $244.1M in 2017.

Ranpak Holdings Corp. (PACK) grew revenue by 9.7% over the past year. This is steady growth.

Ranpak Holdings Corp. (PACK) reported a net loss of $39.6M for fiscal year 2024.

Dividend & Returns

Ranpak Holdings Corp. (PACK) has a return on equity (ROE) of -3.8%. Negative ROE indicates the company is unprofitable.

Ranpak Holdings Corp. (PACK) had negative free cash flow of $33.8M in fiscal year 2024, likely due to heavy capital investments.