olivLaw · US equity research
Ranpak Holdings Corp. PACK
Converted Paper & Paperboard Prods (No Contaners/Boxes) · SIC 2670 · Vertical: Paper and allied products (SIC 267x)
Ranpak supplies paper-based protective packaging systems and end-of-line automation solutions for e-commerce and industrial supply chains. Net revenue for fiscal 2025 was $395.0 mn, and second-quarter 2026 growth reached 14.0%, showing that sustainable packaging and automation remain relevant growth areas.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Ranpak Holdings Corp. (PACK) stock was 3.36 USD (+12.75% on the day), with market capitalisation 288.2 m USD, beta 2.11, 52-week range 2.98–7.64 USD. Latest reported quarter (Q3 2026): revenue of 101.9 m USD (+2.3% YoY), net income of -7.2 m USD, diluted EPS -0.08 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 41.8
- weak (30–45)
- Bollinger (20, 2)
- 3.03 – 4.01
- in the lower half of the band · %B 0.34 · band width 27.7%
- SMA 50 / 200
- 3.95 / 5.10
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.22 / -0.20
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −15.2% | −2.0% | −13.2 pp | — |
| 3 months | −38.9% | −2.2% | −36.7 pp | — |
| 6 months | −46.2% | +4.3% | −50.5 pp | — |
| Year to date | −37.9% | +10.6% | −48.5 pp | — |
| 1 year | −36.4% | +10.5% | −46.8 pp | −4.3% |
| 3 years | +15.1% | +73.7% | −58.6 pp | −15.6% |
| 5 years | −91.1% | +61.7% | −152.8 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 105.0 m | 91.2 m | 92.3 m | 99.6 m | 111.9 m | 101.2 m | 105.2 m | 101.9 m |
| Gross profit | 41.4 m | 30.9 m | 28.9 m | 34.4 m | 36.5 m | 34.9 m | 34.5 m | 36.3 m |
| SG&A | 27.9 m | 28.9 m | 28.8 m | 29.6 m | 27.2 m | 29.2 m | 27.6 m | 25.7 m |
| Operating income | 1.4 m | -8.0 m | -9.7 m | -5.7 m | -900.0 k | -3.8 m | -2.4 m | 0 |
| Depreciation & amortisation | 15.9 m | 15.1 m | 8.8 m | 9.2 m | 17.0 m | 16.8 m | 8.6 m | 8.8 m |
| Interest expense | 7.8 m | 8.7 m | 8.3 m | 8.7 m | 8.6 m | 8.6 m | 8.1 m | 8.7 m |
| Pre-tax income | -10.8 m | -14.1 m | -9.5 m | -14.6 m | -9.3 m | -13.7 m | -10.8 m | -9.0 m |
| Income tax | 0 | -3.2 m | -2.0 m | -4.2 m | 200.0 k | -3.5 m | -2.9 m | -1.8 m |
| Net income | -10.8 m | -10.9 m | -7.5 m | -10.4 m | -9.5 m | -10.2 m | -7.9 m | -7.2 m |
| Diluted EPS | -0.13 ≈ | -0.13 | -0.09 | -0.12 | -0.11 ≈ | -0.12 | -0.09 | -0.08 |
| Operating cash flow | 6.5 m | -1.3 m | -3.6 m ≈ | 8.5 m ≈ | 19.5 m | 4.4 m | 2.7 m ≈ | 17.7 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2017 | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 244.1 m | 267.9 m | 298.2 m | 383.9 m | 326.5 m | 336.3 m | 368.9 m | 395.0 m |
| Revenue YoY | unavailable | +9.8% | unavailable | +28.7% | −15.0% | +3.0% | +9.7% | +7.1% |
| Net income | 27.7 m | -8.6 m | -23.4 m | -2.8 m | -41.4 m | -27.1 m | -21.5 m | -38.3 m |
| Net income YoY | unavailable | −131.0% | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS | 27,801.44 | -8,697.61 | -0.32 | -0.04 | -0.51 | -0.33 | -0.26 | -0.45 |
| Diluted EPS YoY | unavailable | −131.3% | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | 11.3% | -3.2% | -7.8% | -0.7% | -12.7% | -8.1% | -5.8% | -9.7% |
| Free cash flow | 19.2 m | 17.2 m | 31.5 m | -200.0 k | -43.7 m | -2.7 m | unavailable | unavailable |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 63.0 m USD
- Financial debt
- 400.3 m USD
- Net debt
- 337.3 m USD
- Equity
- 534.9 m USD
- Total assets
- 1.1 bn USD
- Debt / equity
- 0.75x
- Current ratio
- 1.83x
- ROE
- -7.1%
- ROA
- -3.4%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 298.2 m | 383.9 m | 326.5 m | 336.3 m | 368.9 m | 395.0 m | SEC (XBRL)· 05 Mar 2026verified |
| Cost of revenue | 175.6 m | 235.0 m | 226.9 m | 213.0 m | — | — | SEC (XBRL)· 14 Mar 2024verified |
| Gross profit | 122.6 m | 148.9 m | 99.6 m | 123.3 m | 139.8 m | 130.7 m | SEC (XBRL)· 05 Mar 2026verified |
| Research & development | 2.3 m | 1.7 m | 3.6 m | 3.7 m | 4.4 m | 4.1 m | SEC (XBRL)· 05 Mar 2026verified |
| SG&A | 72.5 m | 98.3 m | 105.5 m | 91.8 m | 111.9 m | 114.5 m | SEC (XBRL)· 05 Mar 2026verified |
| Operating income | 11.7 m | 12.2 m | -42.5 m | -7.5 m | -12.8 m | -24.3 m | SEC (XBRL)· 05 Mar 2026verified |
| Depreciation & amortisation | 62.7 m | 73.6 m | 69.0 m | 69.6 m | 65.3 m | 66.7 m | SEC (XBRL)· 05 Mar 2026verified |
| EBITDA | 74.4 m ≈ | 85.8 m ≈ | 26.5 m ≈ | 62.1 m ≈ | 52.5 m ≈ | 42.4 m ≈ | SEC (XBRL)· 05 Mar 2026derived |
| Interest expense | 30.2 m | 22.4 m | 20.7 m | 24.3 m | 28.6 m | 34.3 m | SEC (XBRL)· 05 Mar 2026verified |
| Pre-tax income | -24.6 m | -4.9 m | -56.7 m | -31.3 m | -23.7 m | -47.5 m | SEC (XBRL)· 05 Mar 2026verified |
| Income tax | -1.2 m | -2.1 m | -15.3 m | -4.2 m | -2.2 m | -9.2 m | SEC (XBRL)· 05 Mar 2026verified |
| Net income | -23.4 m | -2.8 m | -41.4 m | -27.1 m | -21.5 m | -38.3 m | SEC (XBRL)· 05 Mar 2026verified |
| Diluted EPS | -0.32 | -0.04 | -0.51 | -0.33 | -0.26 | -0.45 | SEC (XBRL)· 05 Mar 2026verified |
| Weighted average diluted shares | 72.4 m | 78.5 m | 81.9 m | 82.4 m | 83.1 m | 84.2 m | SEC (XBRL)· 05 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 48.5 m | 103.9 m | 62.8 m | 62.0 m | 76.1 m | 63.0 m | SEC (XBRL)· 05 Mar 2026verified |
| Receivables | 39.1 m | 43.7 m | 33.0 m | 31.6 m | 43.9 m | 47.7 m | SEC (XBRL)· 05 Mar 2026verified |
| Inventories | 16.1 m | 32.9 m | 25.0 m | 17.3 m | 21.7 m | 30.6 m | SEC (XBRL)· 05 Mar 2026verified |
| Current assets | 107.2 m | 191.5 m | 139.6 m | 124.9 m | 151.2 m | 153.8 m | SEC (XBRL)· 05 Mar 2026verified |
| Property, plant & equipment, net | 124.4 m | 126.3 m | 124.0 m | 142.1 m | — | — | SEC (XBRL)· 14 Mar 2024verified |
| Goodwill | 458.4 m | 453.0 m | 446.7 m | 450.1 m | 443.7 m | 457.2 m | SEC (XBRL)· 05 Mar 2026verified |
| Intangibles (excl. goodwill) | 440.6 m | 406.5 m | 372.1 m | 345.4 m | 312.2 m | 291.8 m | SEC (XBRL)· 05 Mar 2026verified |
| Total assets | 1.1 bn | 1.2 bn | 1.1 bn | 1.1 bn | 1.1 bn | 1.1 bn | SEC (XBRL)· 05 Mar 2026verified |
| Accounts payable | 24.9 m | 33.5 m | 24.3 m | 17.6 m | 26.9 m | 36.7 m | SEC (XBRL)· 05 Mar 2026verified |
| Short-term debt | 500.0 k | 400.0 k | 600.0 k | 1.6 m | 4.0 m | 3.9 m | SEC (XBRL)· 05 Mar 2026verified |
| Long-term debt | 432.7 m | 400.4 m | 391.7 m | 397.8 m | 400.8 m | 396.4 m | SEC (XBRL)· 05 Mar 2026verified |
| Current liabilities | 57.5 m | 71.5 m | 39.1 m | 48.0 m | 68.4 m | 84.0 m | SEC (XBRL)· 05 Mar 2026verified |
| Total liabilities | 610.6 m | 577.2 m | 520.7 m | 550.7 m | 556.1 m | 590.0 m | SEC (XBRL)· 05 Mar 2026verified |
| Equity | 522.9 m † | 636.2 m † | 612.8 m † | 572.0 m † | 548.1 m † | 534.9 m † | SEC (XBRL)· 05 Mar 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 63.8 m | 54.3 m | 1.1 m | 52.6 m | 41.4 m | 23.1 m | SEC (XBRL)· 05 Mar 2026verified |
| Capex | 32.3 m | 54.5 m | 44.8 m | 55.3 m | — | — | SEC (XBRL)· 14 Mar 2024verified |
| Free cash flow | 31.5 m ≈ | -200.0 k ≈ | -43.7 m ≈ | -2.7 m ≈ | — | — | SEC (XBRL)· 14 Mar 2024derived |
| Investing cash flow | -34.5 m | -69.8 m | -37.9 m | -52.4 m | -32.5 m | -32.8 m | SEC (XBRL)· 05 Mar 2026verified |
| Financing cash flow | -1.6 m | 72.0 m | -4.5 m | -1.8 m | 1.8 m | -7.0 m | SEC (XBRL)· 05 Mar 2026verified |
| Share repurchases | 0 | 0 | — | — | — | — | SEC (XBRL)· 28 Feb 2022verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 56.2% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 288.2 m USD
Key indicators
Coverage and freshness
Score by group
56% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · the input exists, but its latest figure is far older than the latest reported period: not used
- Peers: EV/EBITDAunavailable · not enough peers
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 56.2% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | -0.7% | 0 (on a fixed band) | 19% |
| Net margin · Quality | -8.3% | 40 (vs peers) | 11% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | 6.6% | 55 (on a fixed band) | 15% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | 8.0x | 0 (on a fixed band) | 19% |
| Interest coverage · Balance sheet | -0.2x | 0 (on a fixed band) | 11% |
| Current ratio · Balance sheet | 1.8x | 82 (on a fixed band) | 7% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | 14.5x | 4 (on a fixed band) | 19% |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet16/100 · 3/3 factors with a value
- Growth· partial55/100 · 1/2 factors with a value
- Quality15/100 · 2/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial4/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
RANPAK HOLDINGS CORP. (PACK). Latest full fiscal year: 2025; data up to 2026-09-30.
Figures computed from the financial statements: revenue 395.0 m USD in 2025; YoY growth 7.1%; net margin -8.3%; ROE -6.6%; net debt/EBITDA 8.0x.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (score weight coverage: 56.2% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 1.8x
What contradicts it
- ROIC: -0.7%
- Net debt / EBITDA: 8.0x
- Interest coverage: -0.2x
- EV/EBITDA: 14.5x
Not assessed (insufficient data or a ratio without meaning): FCF conversion, EPS CAGR 3Y, P/E (TTM), FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Paper and allied products (SIC 267x) · same industry group (3-digit SIC) · compared with 5 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| KMBKimberly-Clark Corporation | 34.7 bn | 17.8 | 129.4% | 11.8% | −2.1% | −4% / −16% |
| AVYAvery Dennison Corporation | 14.5 bn | 20.8 | 30.8% | 7.6% | +1.1% | +12% / −1% |
| REYNReynolds Consumer Products Inc. | 5.3 bn | 16.1 | 15.0% | 8.7% | +0.7% | +1% / −4% |
| PACKRanpak Holdings Corp. | 288.2 m | — | -6.6% | -8.3% | +7.1% | −36% / +15% |
| DSYBig Tree Cloud Holdings Limited | 284.1 m | — | -232.8% | -551.3% | −49.3% | −64% / −98% |
| ITPIt Tech Packaging, Inc. | 2.1 m | — | -6.9% | -13.9% | −12.4% | −45% / −57% |
1- and 3-year price returns: for PACK from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 30 Jul 2026; since then the company filed 8-K (29 Oct 2026 · results), 10-Q (29 Oct 2026).
In brief
Ranpak supplies paper-based protective packaging systems and end-of-line automation solutions for e-commerce and industrial supply chains. Net revenue for fiscal 2025 was $395.0 mn, and second-quarter 2026 growth reached 14.0%, showing that sustainable packaging and automation remain relevant growth areas.
SWOT
Strengths
- The recurring revenue model from paper consumables, with attractive margins and a large installed base, offers long-term stability 1.
- The exclusive distributor network, built over many years, gives the products reach to a large number of end users.
- The sustainable portfolio, with recyclable and biodegradable materials, fits regulatory trends and customer preferences.
Weaknesses
- Dependence on a small number of paper suppliers, including one supplier for a large share of purchases, creates operational vulnerability 1.
- The company carries significant debt and reported net losses, which limit financial flexibility 13.
- Reliance on components made in China and on outside assembly could expose the supply chain to disruptions and tariffs 1.
Opportunities
- Growth in the automation line and machine vision solutions could reduce dependence on more commoditized products 3.
- Expansion in Asia-Pacific, especially through the Malaysia facility, could raise the region's share of revenue 1.
- Cold chain solutions with paper liners could open new markets if demand for sustainable packaging grows.
Threats
- Changing consumer preferences or cheaper recyclable alternatives could reduce demand for paper products 1.
- Inflation, geopolitical conflict and energy volatility could raise costs and reduce demand from price-sensitive customers 12.
- Trade tensions and tariffs on imports from China could increase the cost of equipment and components 1.
Risks
- Dependence on paper and suppliershigh
A small number of mills produce suitable paper, and disruption at a single supplier could halt consumable production 1.
- Rising input costshigh
The cost of kraft paper and energy can rise quickly, and the company may not always pass these increases on to customers 12.
- Indebtednessmedium
Significant financial debt could limit flexibility and the ability to fund growth 1.
- Currency exposuremedium
A large part of revenue comes from outside the United States, and currency fluctuations can affect comparability of results 2.
- Shareholder concentrationlow
Some large shareholders hold a significant part of the voting stock, which may influence company decisions 1.
Investment thesis
What would need to be true (bull case)
- If growth in automation continues, that line could become a growth engine separate from consumable demand 3.
- Recurring revenue from exclusive consumables and the distributor network could support stable margins if paper costs settle 1.
- The shift toward sustainable packaging could widen the addressable market, especially if regulation limits plastic 1.
What would break the thesis
What to watch
- Automation revenue progress against the expected target of nearly $60 mn2026
- Installed PPS system count and trend after the 2.3% declineQ3 2026
- Kraft paper price development and the ability to pass costs to customersnext 10-K
- Progress of second-half 2026 capacity build-out and its effect on margin2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 30 Jul 2026; since then the company filed 8-K (29 Oct 2026 · results), 10-Q (29 Oct 2026).
The business
Ranpak Holdings Corp. provides product protection and end-of-line automation solutions, with PPS paper systems, paper consumables and automation lines. The company uses a razor/razor-blade model in which it retains ownership of its systems and earns revenue from high-margin paper consumables 1. It operates manufacturing facilities in the United States, Europe and Asia, and about 40% of its net revenue in 2025 came from e-commerce end-users 1.
The company sells mostly through more than 250 distributors that store, market and sell its products, while direct sales to select end-users are a smaller share 1. Its portfolio includes Void-Fill, Cushioning and Wrapping systems, plus APS and AS automation lines with machine vision 1. Installed PPS systems declined slightly into mid-2026 while revenue grew 23.
Ranpak reports two geographic segments, North America and Europe/Asia, and management evaluates performance by net revenue and EBITDA by region 1. The company depends on kraft paper as its main input, and a single supplier accounted for a large share of its paper purchases 1.
Segments
Market context
The protective packaging market is competitive and fragmented, and demand depends on e-commerce order volumes and preference for recyclable paper packaging 1. Customers and consumers are moving toward more sustainable solutions, while inflation and paper costs may compress margins if prices cannot be passed on 2.
The company expects part of demand to shift toward sustainable alternatives to traditional plastic, which could support growth if regulation keeps limiting foams and polymer-based packaging 1. Asia-Pacific remains a small share of revenue, below 10%, although the Malaysia facility could strengthen the regional position 1.
Trends
- Growth of e-commercetailwind
E-commerce is the main driver of packaging volumes, and the company says global investment in e-commerce grows faster than retail sales 1. If this growth continues, demand for PPS systems could support revenue.
- Shift to sustainabilitymixed
Preference for recyclable and biodegradable packaging could raise sales of paper consumables, but a shift to other materials could reduce demand 1. The effect depends on regulation and on competing technologies.
- Paper and energy cost pressureheadwind
Kraft paper prices rose in 2025 because of inflation and supplier constraints, and energy volatility could increase cost of goods sold 1. The company says it may not be able to pass these costs to customers 2.
- Automation at the end of the linetailwind
Efficiency goals in warehouses increase demand for box-sizing and automated dunnage insertion, which could open new revenue sources 13.
Competitive position
The protective packaging market is highly competitive, with price pressure and consolidation among suppliers, which can make it difficult to pass cost increases to customers 1. The company focuses on large enterprise customers and differentiated products to reduce exposure to more commoditized items 3.
Competition comes from paper packaging suppliers and from plastic or bio-plastic alternatives that could meet sustainable demand if they become cheaper 1. Automation integrators are also partners and sometimes competitors for automation lines 1.
- Paper and kraft packaging suppliers
Competition comes from paper and protective consumable producers offering alternatives to Ranpak systems, as described in the annual report.
- Plastic and bio-plastic material producers
Polymer-based materials, including lower-cost bio-plastics, could compete with paper packaging if they become cost-competitive.
- Warehouse automation integrators
Integrators can implement complex automation solutions and may compete with or work alongside the company's automation lines.
- Automated packing equipment suppliers
Makers of box-sizing and carton-erecting equipment compete with the company's AS automation lines.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Quarterly report29 Oct 2026
- Current report29 Oct 2026Results of operations · Financial statements and exhibits
- Quarterly report30 Jul 2026
- Current report30 Jul 2026Results of operations · Financial statements and exhibits
- Current report22 May 2026Shareholder vote
- Quarterly report30 Apr 2026
- Current report30 Apr 2026Results of operations · Financial statements and exhibits
- Proxy statement09 Apr 2026
- Annual report05 Mar 2026
- Current report05 Mar 2026Results of operations · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Ranpak Holdings Corp. · 05 Mar 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Ranpak Holdings Corp. · 30 Jul 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Ranpak Holdings Corp. · 30 Jul 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.