Ranpak
Sells paper packaging systems, consumables, and automation for shipping protection.
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Profile
Sells paper-based protective packaging systems, recurring consumables, and end-of-line automation for e-commerce and industrial shipping. Its model relies on installed converters, distributor and selected direct-customer relationships, and two geographic segments split between North America and Europe/Asia.
Supplies paper-based protective packaging systems for e-commerce and industrial supply chains, pairing installed converters with recurring consumables. Cushioning, Void-Fill, Wrapping, and Automation cover pad making, void filling, paper wrapping, cold-chain protection, mailers, machine vision, and end-of-line equipment.
Revenue is reported through North America and Europe/Asia, with Europe/Asia slightly larger than North America in recent reported revenue. Customers are reached through distributors and selected direct relationships, while the operating footprint spans US sites and facilities in the Netherlands, the Czech Republic, and Malaysia.
Execution depends on placing machines, keeping paper consumables flowing through those systems, and extending automation around packing lines. The business is shaped by shipping demand, paper input and freight conditions, currency movements, and customer willingness to replace plastic or multi-substrate packaging with paper-based alternatives.
Company facts
Categories
Key statistics
Year to date −11.4% · Average volume (30d) 539.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior target | Target |
|---|---|---|---|---|
| Oct 31, 2025 | Robert W. Baird | Target | $5 | $6 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | −$0.08 | −$0.09 | −20.0% | $100.9M | $105.2M | +4.2% | −11.47% |
| Apr 30, 2026Q1 FY26 | −$0.11 | −$0.12 | −9.1% | $91.6M | $101.2M | +10.5% | +10.22% |
| Mar 5, 2026Q4 FY25 | −$0.03 | −$0.11 | −230.0% | $112.8M | $111.9M | −0.8% | −8.96% |
| Oct 30, 2025Q3 FY25 | −$0.02 | −$0.12 | −500.0% | $112.8M | $99.6M | −11.7% | +14.47% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $91.2M | $92.3M | $99.6M | $111.9M | $101.2M | $86.4M | |
| Gross profit | $21.9M | $20.1M | $25.2M | $27.5M | $25.9M | $34.5M | |
| Operating income | −$8.0M | −$9.7M | −$5.7M | −$900.0K | −$3.8M | −$2.4M | |
| Net income | −$10.9M | −$7.5M | −$10.4M | −$9.5M | −$10.2M | −$7.9M | |
| Diluted EPS | −$0.13 | −$0.09 | −$0.12 | −$0.11 | −$0.12 | −$0.09 | |
| Gross margin | 24.0% | 21.8% | 25.3% | 24.6% | 25.6% | 39.9% | |
| Operating margin | -8.8% | -10.5% | -5.7% | -0.8% | -3.8% | -2.8% |
Fiscal years (4-quarter sums)FY21 $383.9M · FY22 $326.5M · FY23 $336.3M · FY24 $368.9M · FY25 $395.0M
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $43.2M · Total debt $428.2M · Total assets $1.10B · Shareholders' equity $519.9M
Dividends
No dividends on record.
Ownership
Shares outstanding 85.76M · Float 73.26M · 85.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| JS Capital Management LLC | 30.53M | 35.60% | 13F | May 15, 2026 |
| Soros Capital Management LLC | 4.63M | 5.40% | 13F | May 15, 2026 |
| BlackRock, Inc. | 3.12M | 3.64% | 13F | May 13, 2026 |
| Dimensional Fund Advisors LP | 3.05M | 3.55% | 13F | May 7, 2026 |
| Schusterman Interests, LLC | 3.02M | 3.52% | 13F | May 15, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Smurfit Westrock
Paper packaging scale with right-sizing automation and e-commerce overlap
- International Paper
Global fiber-packaging scale across e-commerce and corrugated boxes
- Sonoco Products
Industrial paper and protective packaging for durable-goods transit
- Packaging Corporation of America
Corrugated and honeycomb protection for shipping and industrial goods
- Crown
Transit-packaging equipment and consumables for shipment protection
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ranpak | $4.95 | +1.02% | $420.2M | — | — | 1.1 | +14.0% |
| Smurfit Westrock | $48.20 | −0.21% | $25.33B | 51.4 | 16.3 | 0.8 | +1.7% |
| International Paper | $39.41 | +0.25% | $20.82B | — | 17.0 | 0.9 | −11.3% |
| Sonoco Products | $56.47 | +0.02% | $5.58B | 8.7 | 9.4 | 0.7 | −1.3% |
| Packaging Corporation of America | $240.39 | −0.06% | $21.42B | 31.2 | 20.6 | 2.2 | +14.7% |
| Crown | $118.44 | 0.00% | $12.88B | 17.0 | 14.0 | 1.0 | +16.5% |
| Median | 24.1 | 16.3 | 0.9 | +1.7% |







