Ranpak Holdings Corp. (PACK) Stock

Ranpak Holdings Corp. (PACK) is a Materials stock trading at $5.08 (as of 2026-08-21), with a market capitalization of $435.22M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Ranpak Holdings Corp. and its subsidiaries provide protective packaging and related automation products used in e-commerce and industrial supply chains. Its offerings include paper-based void fill, cushioning, and wrapping systems, as well as line automation for packing processes, sold through distributors and to selected end users across North America, Europe, and Asia.

Understand Ranpak Holdings Corp.: how it makes money

Ranpak sells protective packaging systems and related services that help e-commerce and industrial supply chains protect items during shipping, and it makes money by selling products like void-fill and cushioning (and other protective systems) plus machine lease revenue.

The profit model is tied to demand for consumable protective packaging (notably void-fill and cushioning) sold alongside a machine lease component that adds revenue separate from product sales.

Revenue by segment (latest quarter)
VoidFill$0.0B
Cushioning$0.0B
MachineLease$0.0B

Business quality (Weak): Latest-quarter profitability looks mixed, with positive gross margin (34.5%) but a negative operating margin (-3.8%), so cost structure and operating expenses are key to whether gross profit turns into operating profit.

Bull case

  • Product mix centered on void-fill and cushioning: In the latest quarter shown, void-fill and cushioning both contribute net revenue (each at 0.04B), aligning the business with protective packaging needs for filled secondary packages and cushioning protection.
  • Gross profitability exists despite overall operating loss: Gross margin is 34.5%, indicating the core product gross profit is positive, even though operating margin is negative.

Bear case

  • Operating loss in the latest quarter: Operating margin is -3.8% for the period ended 2026-03-31, showing that operating expenses outweighed gross profit in that period.
  • Not all revenue streams are equal in scale: Product net revenue is split across void-fill and cushioning (0.04B each) and machine lease revenue (0.02B), so changes in any one area can materially affect results.
Valuation — source: SEC EDGAR (first-party)
Price$5.08
Market Cap$435.22M
EV / EBITDA22.2
Price / Book0.84
Price / Sales1.07
DCF Value (model)$5.22
DCF Upside vs Price2.9%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$395.00M
Net Margin-9.7%
Revenue Growth (YoY)7.1%
EPS Growth (YoY)73.1%
Financial Health — source: SEC EDGAR
Altman Z-Score0.56 (distress)
Valuation vs Sector & Industry
Sector P/E (Materials)25.9
Industry P/E (Business Supplies)26.0
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderJS Capital Management LLC ($109.00M)
Institutional Holders Tracked10
Company
SectorMaterials
IndustryBusiness Supplies
CEOOmar Marwan Asali
Employees800
CountryUS
IPO Date2018-03-13

Related Companies (Business model: Industrials / Capital Goods (Heavy Machinery + Diversified Industrials); 8 closest by market cap; US-domiciled)

  • Graphic Packaging Holding Company (GPK)
  • Sylvamo Corporation (SLVM)
  • Mativ Holdings, Inc. (MATV)
  • Ennis, Inc. (EBF)
  • Quad/Graphics, Inc. (QUAD)
  • AdvanSix Inc. (ASIX)
  • Gevo, Inc. (GEVO)
  • Alto Ingredients, Inc. (ALTO)
PACK earnings history · PACK institutional & insider holders · PACK KPIs & operating metrics · PACK financials · PACK investor presentations & press releases · PACK SEC filings · PACK peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.