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Ranpak Holdings Corp.

PACK Clue Score26
United States Fiscal year ends December CIK 0001712463
$3.71 -4.87% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $3.71 −87.07% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 3 Jun 2019. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue209.7Operating income31.2Net income27.7EPS, diluted27,801.44Fiscal year 2018Revenue229.2 +9.3%Operating income11.0Net income−8.6 −131.0%EPS, diluted−8,697.61Fiscal year 2020Revenue298.2 +30.1%Operating income11.7Net income−23.4EPS, diluted−0.32Fiscal year 2021Revenue383.9 +28.7%Operating income12.2Net income−2.8EPS, diluted−0.04Fiscal year 2022Revenue276.4 −28.0%Operating income−42.5Net income−41.4EPS, diluted−0.51Fiscal year 2023Revenue284.8 +3.0%Operating income−7.5Net income−27.1EPS, diluted−0.33Fiscal year 2024Revenue315.5 +10.8%Operating income−12.8Net income−21.5EPS, diluted−0.26Fiscal year 2025Revenue332.7 +5.5%Operating income−24.3Net income−38.3EPS, diluted−0.45
FY2017FY2018FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 209.7 229.2 298.2 383.9 276.4 284.8 315.5 332.7
Growth +9.3% +30.1% +28.7% −28.0% +3.0% +10.8% +5.5%
Operating income 31.2 11.0 11.7 12.2 −42.5 −7.5 −12.8 −24.3
Net income 27.7 −8.6 −23.4 −2.8 −41.4 −27.1 −21.5 −38.3
Growth −131.0%
EPS, diluted 27,801.44 −8,697.61 −0.32 −0.04 −0.51 −0.33 −0.26 −0.45

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin53.6%Operating margin14.9%Net margin13.2%Free cash flow margin9.2%Fiscal year 2018Gross margin50.0%Operating margin4.8%Net margin−3.8%Free cash flow margin7.5%Fiscal year 2020Gross margin41.1%Operating margin3.9%Net margin−7.8%Free cash flow margin10.6%Fiscal year 2021Gross margin38.8%Operating margin3.2%Net margin−0.7%Free cash flow margin−0.1%Fiscal year 2022Gross margin36.0%Operating margin−15.4%Net margin−15.0%Free cash flow margin−15.8%Fiscal year 2023Gross margin43.3%Operating margin−2.6%Net margin−9.5%Free cash flow margin−0.9%Fiscal year 2024Gross margin44.3%Operating margin−4.1%Net margin−6.8%Fiscal year 2025Gross margin39.3%Operating margin−7.3%Net margin−11.5%
FY2017FY2018FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 53.6% 50.0% 41.1% 38.8% 36.0% 43.3% 44.3% 39.3%
Operating margin 14.9% 4.8% 3.9% 3.2% −15.4% −2.6% −4.1% −7.3%
Net margin 13.2% −3.8% −7.8% −0.7% −15.0% −9.5% −6.8% −11.5%
Free cash flow margin 9.2% 7.5% 10.6% −0.1% −15.8% −0.9% n/a n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow46.2Capital expenditure−27.0Free cash flow19.2Buybacks−1.6Fiscal year 2018Operating cash flow42.0Capital expenditure−24.8Free cash flow17.2 −10.4%Buybacks0.0Fiscal year 2020Operating cash flow63.8Capital expenditure−32.3Free cash flow31.5 +83.1%Buybacks0.0Fiscal year 2021Operating cash flow54.3Capital expenditure−54.5Free cash flow−0.2 −100.6%Buybacks0.0Fiscal year 2022Operating cash flow1.1Capital expenditure−44.8Free cash flow−43.7Fiscal year 2023Operating cash flow52.6Capital expenditure−55.3Free cash flow−2.7Fiscal year 2024Operating cash flow41.4Fiscal year 2025Operating cash flow23.1
FY2017FY2018FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 46.2 42.0 63.8 54.3 1.1 52.6 41.4 23.1
Capital expenditure −27.0 −24.8 −32.3 −54.5 −44.8 −55.3 n/a n/a
Free cash flow 19.2 17.2 31.5 −0.2 −43.7 −2.7 n/a n/a
Growth −10.4% +83.1% −100.6%
Buybacks −1.6 0.0 0.0 0.0 n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash0.0Shareholders’ equity212.4Fiscal year 2018Cash17.5Total debt499.3Net cash (debt)−481.8Shareholders’ equity196.4Debt to equity2.54Fiscal year 2020Cash48.5Total debt433.2Net cash (debt)−384.7Shareholders’ equity522.9Debt to equity0.83Fiscal year 2021Cash103.9Total debt400.8Net cash (debt)−296.9Shareholders’ equity636.2Debt to equity0.63Fiscal year 2022Cash62.8Total debt392.3Net cash (debt)−329.5Shareholders’ equity612.8Debt to equity0.64Fiscal year 2023Cash62.0Total debt399.4Net cash (debt)−337.4Shareholders’ equity572.0Debt to equity0.70Fiscal year 2024Cash76.1Total debt404.8Net cash (debt)−328.7Shareholders’ equity548.1Debt to equity0.74Fiscal year 2025Cash63.0Total debt400.3Net cash (debt)−337.3Shareholders’ equity534.9Debt to equity0.75
FY2017FY2018FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.0 17.5 48.5 103.9 62.8 62.0 76.1 63.0
Total debt n/a 499.3 433.2 400.8 392.3 399.4 404.8 400.3
Net cash (debt) n/a −481.8 −384.7 −296.9 −329.5 −337.4 −328.7 −337.3
Shareholders’ equity 212.4 196.4 522.9 636.2 612.8 572.0 548.1 534.9
Debt to equity n/a 2.54 0.83 0.63 0.64 0.70 0.74 0.75

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
53.6% 50.0% 41.1% 38.8% 36.0% 43.3% 44.3% 39.3%
14.9% 4.8% 3.9% 3.2% −15.4% −2.6% −4.1% −7.3%
−6.5% −6.8% −8.2% −1.3% −20.5% −11.0% −7.5% −14.3%
13.2% −3.8% −7.8% −0.7% −15.0% −9.5% −6.8% −11.5%
9.2% 7.5% 10.6% −0.1% −15.8% −0.9% n/a n/a
Spending
1.0% 1.0% 0.8% 0.4% 1.3% 1.3% 1.4% 1.2%
22.1% 23.2% 24.3% 25.6% 38.2% 32.2% 35.5% 34.4%
12.9% 10.8% 10.8% 14.2% 16.2% 19.4% n/a n/a
Returns
13.0% −4.4% −4.5% −0.4% −6.8% −4.7% −3.9% −7.2%
3,180.9% −1.1% −2.1% −0.2% −3.7% −2.4% −1.9% −3.4%
Balance and payout
n/a 2.54 0.83 0.63 0.64 0.70 0.74 0.75
93.8% 75.2% 53.9% 47.6% 45.9% 49.1% 50.4% 52.4%
8.3% 0.0% 0.0% n/a n/a n/a n/a n/a