📊 PACK Key Takeaways
Is Ranpak Holdings Corp. (PACK) a Good Investment?
Ranpak is experiencing severe operational deterioration masked by headline revenue growth; despite 18.7% YoY sales expansion, the company is unprofitable at the operating level with -3.8% margins and cannot service debt from operations (interest coverage -0.6x). The business model is structurally challenged: capital intensity (55.3M capex) far exceeds operating cash generation (4.4M), resulting in -50.9M negative free cash flow, which is unsustainable and signals the company is burning shareholder capital to fund growth.
Strong double-digit revenue growth and adequate liquidity are outweighed by persistent operating losses, negative net income, and negative free cash flow. Interest coverage is materially negative, indicating earnings are insufficient to service debt, and capex intensity is pressuring cash generation. Fundamentals need clear margin and cash flow inflection before the risk profile improves.
Why Buy Ranpak Holdings Corp. Stock? PACK Key Strengths
- Revenue growing 18.7% year-over-year indicates market demand
- Gross margin of 34.5% is reasonable for converted paper products sector
- Liquidity position adequate with 1.73x current ratio and 48.5M cash on hand
- Robust revenue growth (+18.7% YoY)
- Solid liquidity (current 1.83x, quick 1.47x)
- Moderate leverage for asset base (D/E 0.75x)
PACK Stock Risks: Ranpak Holdings Corp. Investment Risks
- Operating losses with -3.8% operating margin despite revenue growth signals margin compression and execution issues
- Negative free cash flow of -50.9M with -50.3% FCF margin is unsustainable; company burns cash despite positive operating cash flow
- Interest coverage ratio of -0.6x means company cannot service 403.1M long-term debt from operations, creating financial stress
- EPS deteriorating sharply at -73.1% YoY decline indicates fundamental business weakening
- Capital expenditure requirements (55.3M) substantially exceed operating cash generation (4.4M) in a low-margin business, revealing structural profitability challenges
- Sustained operating and net losses (operating margin -6.2%, net -9.7%)
- Negative free cash flow driven by high capex (-8.2% FCF margin)
- Negative interest coverage (-3.9x) raises refinancing and solvency risk
Key Metrics to Watch
- Operating margin trend - critical inflection point if reaches positive territory
- Free cash flow and cash burn rate - sustainability of liquidity at current capex levels
- Debt service coverage ratio and interest coverage - ability to service 403.1M debt without equity dilution
- Operating margin trajectory
- Free cash flow margin
Ranpak Holdings Corp. (PACK) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Ranpak Holdings Corp. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
PACK Profit Margin, ROE & Profitability Analysis
PACK vs Materials Sector: How Ranpak Holdings Corp. Compares
How Ranpak Holdings Corp. compares to Materials sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Ranpak Holdings Corp. Stock Overvalued? PACK Valuation Analysis 2026
Based on fundamental analysis, Ranpak Holdings Corp. shows some fundamental concerns relative to the Materials sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Ranpak Holdings Corp. Balance Sheet: PACK Debt, Cash & Liquidity
PACK Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Ranpak Holdings Corp.'s revenue has grown significantly by 45% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.33 indicates the company is currently unprofitable.
PACK Revenue Growth, EPS Growth & YoY Performance
PACK Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $77.6M | -$10.2M | $-0.12 |
| Q3 2025 | $78.6M | $5.5M | $-0.10 |
| Q2 2025 | $72.8M | -$2.6M | $-0.03 |
| Q1 2025 | $72.5M | -$8.1M | $-0.10 |
| Q3 2024 | $69.6M | -$2.1M | $-0.04 |
| Q2 2024 | $69.2M | -$2.1M | $-0.03 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Ranpak Holdings Corp. Dividends, Buybacks & Capital Allocation
PACK SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Ranpak Holdings Corp. (CIK: 0001712463)
📋 Recent SEC Filings
❓ Frequently Asked Questions about PACK
What is the AI rating for PACK?
Ranpak Holdings Corp. (PACK) has a Combined AI Rating of SELL from Claude (STRONG SELL) and ChatGPT (SELL) with 78% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are PACK's key strengths?
Claude: Revenue growing 18.7% year-over-year indicates market demand. Gross margin of 34.5% is reasonable for converted paper products sector. ChatGPT: Robust revenue growth (+18.7% YoY). Solid liquidity (current 1.83x, quick 1.47x).
What are the risks of investing in PACK?
Claude: Operating losses with -3.8% operating margin despite revenue growth signals margin compression and execution issues. Negative free cash flow of -50.9M with -50.3% FCF margin is unsustainable; company burns cash despite positive operating cash flow. ChatGPT: Sustained operating and net losses (operating margin -6.2%, net -9.7%). Negative free cash flow driven by high capex (-8.2% FCF margin).
What is PACK's revenue and growth?
Ranpak Holdings Corp. reported revenue of $101.2M.
Does PACK pay dividends?
Ranpak Holdings Corp. does not currently pay dividends.
Where can I find PACK SEC filings?
Official SEC filings for Ranpak Holdings Corp. (CIK: 0001712463) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is PACK's EPS?
Ranpak Holdings Corp. has a diluted EPS of $-0.12.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is PACK a good stock to buy right now?
Based on our AI fundamental analysis in May 2026, Ranpak Holdings Corp. has a SELL rating with 78% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is PACK stock overvalued or undervalued?
Valuation metrics for PACK: ROE of -1.9% (sector avg: 14%), net margin of -10.1% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
Should I buy PACK stock in 2026?
Our dual AI analysis gives Ranpak Holdings Corp. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is PACK's free cash flow?
Ranpak Holdings Corp.'s operating cash flow is $4.4M, with capital expenditures of $55.3M. FCF margin is -50.3%.
How does PACK compare to other Materials stocks?
Vs Materials sector averages: Net margin -10.1% (avg: 10%), ROE -1.9% (avg: 14%), current ratio 1.73 (avg: 1.6).