Ranpak Holdings (PACK) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Ranpak Holdings

NYSE•Consumer Cyclical•Packaging & Containers

$4.54+0.16(0.04%)Market closed

Market Cap

$326.26M

P/S

0.8x

P/B

0.6x

Ranpak Holdings Corp., together with its subsidiaries, provides product protection solutions and end-of-line automation 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; 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 and Geami brands; and cold chain products, which are used to provide insulation for temperature controlled goods during transport. It also provides end-of-line packaging automation for product distribution and shipping, as well as products that help end users automate the void filling and box closure processes after product packing is complete. The company sells its products to end users primarily through a distributor network and directly to end-users. The company was founded in 1972 and is headquartered in Concord Township, Ohio.

How this company scores

WeakMetricSide Score: 44/100

Grade capped at D — Interest coverage below 1× (-0.4x) — earnings cannot cover interest. Strongest: Growth (13/25); weakest: Profitability (9/25).

Profitability9/25

Growth13/25

Balance Sheet & Red Flags10/25

Cash & Earnings Quality12/25

Strengths

Consistent growthImproving margins

Grade capped at D

Interest coverage below 1× (-0.4x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 0.8x5y range 0.7x – 7.8x

Currently below its 20-quarter median.

P/B · 0.6x5y range 0.5x – 4.7x

Currently below its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 5 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $326.26M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $417.90M
Q. Revenue: $105.20M
TTM EBITDA: $23.00M
TTM Op. Income: $-12.80M
Q. Op. Income: $-2.40M
TTM Net Income: $-38.00M
Q. Net Income: $-7.90M
EPS: $-0.09
Shares Out.: $85.63M

$417.90M in TTM revenue grew 9.8% YoY, reaching $105.20M last quarter. TTM EBITDA of $23.00M and TTM operating income of $-12.80M show growth is flowing through to the bottom line. However, net income is negative at $38.00M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 32.8%
EBITDA Margin: 5.9%
Op. Margin: -2.3%
Net Margin: -7.5%

Op. margin of -2.3% is up 8.2% YoY — cost efficiency is improving. Net margin at -7.5% and gross margin of 32.8% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 78% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 0.8x
P/B Ratio: 0.6x

P/S of 0.8x and P/B of 0.6x. P/S is low relative to typical market levels.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.10B
Cash: $43.20M
Long-Term Debt: $395.80M
Book Value: $519.90M
D/E Ratio: 0.8
Debt/EBITDA: 63.8

With $1.10B in assets and $395.80M in long-term debt, D/E is 0.8and book value is $519.90M — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 7 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $2.70M
TTM Free Cash Flow: $7.20M
FCF Margin: 1.7%
FCF / Net Income: -0.2

TTM FCF of $7.20M on $2.70M in operating cash flow. The FCF / Net Income ratio of -0.2x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.