Ranpak Holdings Corp. PACK
Ranpak Holdings Corp. ("Ranpak," the "Company," "we," or "us") is a leading provider of Protective Packaging Solutions ("PPS") products and end-of-line automation solutions for e-commerce and industrial supply chains. Since our inception in 1972, we have delivered a broad array of value-added solutions to global customers, while maintaining our commitment to environmental sustainability. All of our packaging solutions are 100% recyclable, renewable, and biodegradable. Our automation solutions reduce packing time and materials, resulting in significant cost savings for our customers. We continue to work to respond to customer needs and develop innovative products and a comprehensive suite of solutions that improve supply chain performance, reduce costs and environmental impact, and deliver value.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $332.7M | $315.5M | $284.8M | $276.4M | $383.9M | $298.2M | — | $267.9M | $209.7M | — |
| Cost of revenue | — | — | $213.0M | $226.9M | $235.0M | $175.6M | — | $153.3M | $131.7M | — |
| Gross profit | $130.7M | $139.8M | $123.3M | $99.6M | $148.9M | $122.6M | — | $114.6M | $112.4M | — |
| R&D | $4.1M | $4.4M | $3.7M | $3.6M | $1.7M | $2.3M | — | $2.4M | $2.2M | — |
| SG&A | $114.5M | $111.9M | $91.8M | $105.5M | $98.3M | $72.5M | — | $53.2M | $46.3M | — |
| Total operating expenses | — | — | — | — | — | — | — | $3.7M | — | — |
| Operating income | -$24.3M | -$12.8M | -$7.5M | -$42.5M | $12.2M | $11.7M | — | $11.0M | $31.2M | — |
| Interest expense | $34.3M | $28.6M | $24.3M | $20.7M | $22.4M | $30.2M | — | $30.9M | $30.7M | — |
| Pre-tax income | -$47.5M | -$23.7M | -$31.3M | -$56.7M | -$4.9M | -$24.6M | — | -$15.7M | -$13.7M | — |
| Income tax | $9.2M | $2.2M | $4.2M | $15.3M | $2.1M | $1.2M | — | $7.1M | $41.4M | — |
| Net income | -$38.3M | -$21.5M | -$27.1M | -$41.4M | -$2.8M | -$23.4M | — | -$8.6M | $27.7M | — |
| EPS, basic | -0.45 | -0.26 | -0.33 | -0.51 | -0.04 | -0.32 | — | -8,697.61 | 27,801.44 | — |
| EPS, diluted | -0.45 | -0.26 | -0.33 | -0.51 | -0.04 | -0.32 | — | -8,697.61 | 27,801.44 | — |
| Shares, diluted (wtd. avg.) | $84.2M | $83.1M | $82.4M | $81.9M | $78.5M | $72.4M | — | $995 | $995 | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $63.0M | $76.1M | $62.0M | $62.8M | $103.9M | $48.5M | $19.7M | $17.5M | $8.6M | $5.3M |
| Receivables | $47.7M | $43.9M | $31.6M | $33.0M | $43.7M | $39.1M | $36.1M | $31.5M | — | — |
| Inventory | $30.6M | $21.7M | $17.3M | $25.0M | $32.9M | $16.1M | $11.6M | $11.8M | — | — |
| Total current assets | $153.8M | $151.2M | $124.9M | $139.6M | $191.5M | $107.2M | $71.4M | $68.3M | $1.9K | — |
| Property, plant and equipment | — | — | $142.1M | $124.0M | $126.3M | $124.4M | $122.5M | $73.0M | — | — |
| Goodwill | $457.2M | $443.7M | $450.1M | $446.7M | $453.0M | $458.4M | $448.8M | $355.7M | $360.3M | — |
| Other intangibles | $291.8M | $312.2M | $345.4M | $372.1M | $406.5M | $440.6M | $458.6M | $293.7M | — | — |
| Total assets | $1.12B | $1.10B | $1.12B | $1.13B | $1.21B | $1.13B | $1.10B | $792.7M | $870.8K | — |
| Accounts payable | $36.7M | $26.9M | $17.6M | $24.3M | $33.5M | $24.9M | $12.3M | $12.3M | — | — |
| Short-term debt | $3.9M | $4.0M | $1.6M | $600.0K | $400.0K | $500.0K | $1.6M | $4.4M | — | — |
| Total current liabilities | $84.0M | $68.4M | $48.0M | $39.1M | $71.5M | $57.5M | $31.9M | $27.8M | $816.8K | — |
| Long-term debt | $396.4M | $400.8M | $397.8M | $391.7M | $400.4M | $432.7M | $418.8M | $494.9M | — | — |
| Total liabilities | $590.0M | $556.1M | $550.7M | $520.7M | $577.2M | $610.6M | $572.6M | $596.3M | $816.8K | — |
| Retained earnings | -$183.6M | -$145.3M | -$123.8M | -$96.7M | -$55.3M | -$52.5M | -$29.1M | -$69.9M | -$8.5K | — |
| Total equity | $534.9M | $548.1M | $572.0M | $612.8M | $636.2M | $522.9M | $531.8M | $196.4M | $212.4M | $164.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $23.1M | $41.4M | $52.6M | $1.1M | $54.3M | $63.8M | — | $42.0M | $46.2M | — |
| Depreciation and amortisation | $66.7M | $65.3M | $69.6M | $69.0M | $73.6M | $62.7M | — | $64.5M | $61.1M | — |
| Capital expenditure | — | — | $55.3M | $44.8M | $54.5M | $32.3M | — | $24.8M | $27.0M | — |
| Investing cash flow | -$32.8M | -$32.5M | -$52.4M | -$37.9M | -$69.8M | -$34.5M | — | -$25.3M | -$29.1M | — |
| Financing cash flow | -$7.0M | $1.8M | -$1.8M | -$4.5M | $72.0M | -$1.6M | — | -$7.7M | -$14.2M | — |
| Buybacks | — | — | — | — | $0 | $0 | — | $0 | $1.6M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-014014.
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