Homepage

Ranpak Holdings Corp.

PACK NYSE Categories PDF
Consumer Cyclical · Packaging & Containers · United States · Updated May 10, 6:13pm
$6.51
Price
$556.9M
Market Cap
800
Employees
3.06
Beta
Omar Marwan Asali
CEO
Business Description

Ranpak 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.

Business History
Price Overview
Last updated: May 11, 2026 1:51pm (just now)
$6.44
-0.07 (-1.08%)
Day Range
$6.28 – $6.53
52-Week Range
$3.20 – $6.67
50-Day MA
$4.16
200-Day MA
$4.89
Volume
285,462.00
Analyst Price Targets
Low $6.00
Consensus $9.38
High $11.50
(7 analysts)
Share Structure
Outstanding 85,544,875.00
Float 73,225,750.00
Free Float 85.6%
High free float — 85.6% of shares trade freely, ~14.4% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALC
Stock Price / EPS (Diluted)
-14.47
Stock Price: $6.51
EPS (Diluted): -0.45
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
0.85
Stock Price: $6.51
Total Equity: $534.90M
Shares: 84,181,939
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
19.30
Market Cap: $556.90M
Total Debt: $405.80M
Cash: $63.00M
EBITDA: $42.40M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$822.4M
Market Cap: $556.90M
Total Debt: $405.80M
Cash: $63.00M
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
24.0%
Gross Profit: $94.70M
Revenue: $395.00M
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
-6.2%
Operating Income: -$24.30M
Revenue: $395.00M
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
-9.7%
Net Income: -$38.30M
Revenue: $395.00M
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
-7.0%
Net Income: -$38.30M
Total Equity: $534.90M
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
-1.6%
Operating Income: -$24.30M
Tax Rate: 19.4%
Equity: $534.90M
Total Debt: $405.80M
Cash: $63.00M
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
1.83
Current Assets: $153.80M
Current Liabilities: $84.00M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.76
Short-Term Debt: $9.40M
Long-Term Debt: $396.40M
Total Debt: $405.80M
Total Equity: $534.90M
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$4.69
Revenue: $395.00M
Shares: 84,181,939
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$6.35
Total Equity: $534.90M
Shares: 84,181,939
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$-0.09
Operating CF: $23.10M
CapEx: -$30.30M
Shares: 84,181,939
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $6.51
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$38.30M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares PACK against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $383.9M $326.5M $336.3M $368.9M $395.0M
Cost of Revenue $235.0M $226.9M $213.0M $229.1M $300.3M
Gross Profit $148.9M $99.6M $123.3M $139.8M $94.7M
Operating Expenses $136.7M $142.1M $130.8M $152.6M $119.0M
Operating Income $12.2M -$42.5M -$7.5M -$12.8M -$24.3M
Net Income -$2.8M -$41.4M -$27.1M -$21.5M -$38.3M
EBITDA $87.6M $48.7M $55.4M $63.6M $42.4M
EPS $-0.04 $-0.51 $-0.33 $-0.26 $-0.45
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $103.9M $62.8M $62.0M $76.1M $63.0M
Total Current Assets $191.5M $139.6M $124.9M $151.2M $153.8M
Total Assets $1.2B $1.1B $1.1B $1.1B $1.1B
Current Liabilities $71.5M $39.1M $48.0M $68.4M $84.0M
Long-Term Debt $399.5M $391.7M $396.8M $398.1M $396.4M
Total Liabilities $577.2M $520.7M $550.7M $556.1M $590.0M
Total Equity $636.2M $612.8M $572.0M $548.1M $534.9M
Retained Earnings -$55.3M -$96.7M -$123.8M -$145.3M -$183.6M
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow $54.3M $1.1M $52.6M $41.4M $23.1M
Capital Expenditure -$55.7M -$45.8M -$55.3M -$33.1M -$30.3M
Free Cash Flow -$1.4M -$44.7M -$2.7M $8.3M -$7.2M
Acquisitions (net) -$14.1M -$2.1M $0 $0 -$2.5M
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks $0 $0 $0 $-400,000 $0
Net Change in Cash $55.4M -$41.1M $-800,000 $14.1M -$13.1M
Analyst Estimates (Annual)
Metric 2024 2025 2026 2027
Revenue $364.3M
$361.8M – $366.9M
 $395.9M
$390.0M – $399.7M
 $430.8M
$426.5M – $435.0M
 $466.8M
$450.2M – $490.0M
EBITDA $59.9M
$59.5M – $60.3M
 $65.1M
$64.1M – $65.7M
 $70.8M
$70.1M – $71.5M
 $76.7M
$74.0M – $80.5M
Net Income -$13.3M
-$13.7M – -$12.8M
 -$27.3M
-$28.3M – -$26.4M
 -$18.0M
-$18.7M – -$17.4M
 -$6.2M
-$6.4M – -$6.0M
EPS — — — —
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth -15.0% +3.0% +9.7% +7.1%
Gross Profit Growth -33.1% +23.8% +13.4% -32.3%
Operating Income Growth -448.4% +82.4% -70.7% -89.8%
Net Income Growth -1,378.6% +34.5% +20.7% -78.1%
EBITDA Growth -44.4% +13.8% +14.8% -33.3%
Insider Trading (Recent)
Date Insider Type Shares Price Value
2026-04-01 Seshadri Salil A-Award 5,179.00 $3.62 $18,748
2026-04-01 Tranen Alicia M. A-Award 5,179.00 $3.62 $18,748
2026-04-01 Jones Michael Anthony A-Award 5,179.00 $3.62 $18,748
2026-03-10 Gliedman Michael S. F-InKind 12,686.00 $3.83 $48,587
2026-03-10 Drew William F-InKind 17,830.00 $3.83 $68,289
2026-03-10 Aram Paul F-InKind 950.00 $3.83 $3,639
2026-03-10 ASALI OMAR F-InKind 60,937.00 $3.83 $233,389
2026-03-05 Gliedman Michael S. A-Award 3,750.00 $0.00 $0
2026-03-05 Drew William A-Award 4,602.00 $0.00 $0
2026-03-05 ASALI OMAR A-Award 13,803.00 $0.00 $0
2026-03-05 Aram Paul A-Award 750.00 $0.00 $0
2026-03-03 Gliedman Michael S. A-Award 25,000.00 $0.00 $0
2026-03-03 Drew William A-Award 30,675.00 $0.00 $0
2026-03-03 Aram Paul A-Award 25,000.00 $0.00 $0
2026-03-03 ASALI OMAR A-Award 92,026.00 $0.00 $0
2026-01-02 Jones Michael Anthony A-Award 3,390.00 $5.53 $18,747
2026-01-02 Gliedman Michael S. F-InKind 8,287.00 $5.53 $45,827
2026-01-02 Drew William F-InKind 14,823.00 $5.53 $81,971
2026-01-02 ASALI OMAR F-InKind 46,552.00 $5.53 $257,433
2026-01-02 Tranen Alicia M. A-Award 3,390.00 $5.53 $18,747
Community AI Feedback
Sign in to Contribute
No community reviews yet for PACK. Be the first — export the analysis to your AI and contribute back.
My Notes personal — only you see this
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27