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
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- Europe/Asia
- North America
| Segment | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Europe/Asia | $175.7M | $177.2M | $170.9M |
| North America | $157.0M | $138.3M | $113.9M |
As the company reported it, from the “Segment Information - Schedule of Operating Results by Reportable Segment (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $209.7M | $267.9M | — | $298.2M | $383.9M | $276.4M | $284.8M | $315.5M | $332.7M |
| Gross profit | — | $112.4M | $114.6M | — | $122.6M | $148.9M | $99.6M | $123.3M | $139.8M | $130.7M |
| Net income | — | $27.7M | -$8.6M | — | -$23.4M | -$2.8M | -$41.4M | -$27.1M | -$21.5M | -$38.3M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Results announced Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Results announced Item 2.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote Item 5.07
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 2670
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| AVY | Avery Dennison Corp | $13.78B | 20.7x | 1.1% |
| ITP | IT TECH PACKAGING, INC. | $2.2M | — | -12.4% |
| DSY | Big Tree Cloud Holdings Ltd | — | — | -65.1% |