Ranpak Holdings Corp. (PACK) Key Metrics
PACK valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $296.7M
- Enterprise value
- $743.5M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 0.7 10-yr median 1.5
- Price / book
- 0.7 10-yr median 1.1
- EV / EBITDA
- 13.9 10-yr median 16.4
- Dividend yield
- —
- Beta
- 3.14
PACK key metrics, 2017–2025
Fiscal year ended December 31, 2025 · U.S. dollarsPACK valuation Price multiples at each fiscal year-end price.
Price / sales−25.6%
1.2
2025 · hover or tap a bar for each year
20172025
Price / book−18.3%
0.9
2025 · hover or tap a bar for each year
20172025
EV / EBITDA+11.8%
16.3
2025 · hover or tap a bar for each year
20172025
Free cash flow yield−3.0 pts
−1.6%
2025 · hover or tap a bar for each year
20172025
PACK returns How much profit the business earns on the capital it uses.
Return on equity−3.2 pts
−7.1%
2025 · hover or tap a bar for each year
20172025
Return on invested capital−1.0 pts
−2.1%
2025 · hover or tap a bar for each year
20172025
Return on assets−1.5 pts
−3.4%
2025 · hover or tap a bar for each year
20172025
Free cash flow margin−4.1 pts
−1.8%
2025 · hover or tap a bar for each year
20172025
Asset turnover+7.0%
0.35
2025 · hover or tap a bar for each year
20172025
PACK per-share figures Results divided by the shares outstanding at year-end.
Revenue per share+5.6%
$4.69
2025 · hover or tap a bar for each year
20172025
Earnings per share
−$0.45
2025 · hover or tap a bar for each year
20172025
Free cash flow per share
−$0.09
2025 · hover or tap a bar for each year
20172025
Book value per share−3.7%
$6.35
2025 · hover or tap a bar for each year
20172025
Shares outstanding+1.4%
84.2M
2025 · hover or tap a bar for each year
20172025
PACK financial health Debt, liquidity and how easily interest is covered.
Debt / equity+2.2%
0.80
2025 · hover or tap a bar for each year
20172025
Net debt+$11.9M
$367.0M
2025 · hover or tap a bar for each year
20172025
Net debt / EBITDA+1.68
7.27
2025 · hover or tap a bar for each year
20172025
Current ratio−17.2%
1.83
2025 · hover or tap a bar for each year
20172025
Interest coverage
-0.8
2025 · hover or tap a bar for each year
20172025
Debt / assets−2.1%
0.38
2025 · hover or tap a bar for each year
20172025
PACK efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding+5 days
44 days
2025 · hover or tap a bar for each year
20172025
Days of inventory+1 days
32 days
2025 · hover or tap a bar for each year
20172025
Days payables outstanding+3 days
39 days
2025 · hover or tap a bar for each year
20172025
Cash conversion cycle+3 days
37 days
2025 · hover or tap a bar for each year
20172025
Capex / revenue−1.3 pts
7.7%
2025 · hover or tap a bar for each year
20172025
PACK valuation history
Fiscal year-endToday9-year median
PACK returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PACK debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PACK cash returned to shareholders
DividendsBuybacksFree cash flow
PACK price vs earnings per share
Share price at year-endEPS (right axis)
PACK key metrics
2017–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Valuation | |||||||||
| Market capitalization | $455.4M | $571.4M | $479.4M | $472.4M | $2.95B | $973.5M | $577.1M | $413.7M | — |
| Enterprise value | $822.4M | $926.5M | $846.2M | $808.6M | $3.26B | $1.36B | $977.8M | $414.8M | — |
| P/E ratio | — | — | — | — | — | — | — | 298.4 | — |
| Price / sales | 1.2 | 1.5 | 1.4 | 1.4 | 7.7 | 3.3 | 2.1 | 1.5 | — |
| Price / book | 0.9 | 1.0 | 0.8 | 0.8 | 4.6 | 1.9 | 1.1 | 1.4 | — |
| Price / free cash flow | — | 68.8 | — | — | — | 31.8 | — | — | — |
| Price / operating cash flow | 19.7 | 13.8 | 9.1 | 429.5 | 54.4 | 15.3 | 21.9 | — | — |
| EV / sales | 2.1 | 2.5 | 2.5 | 2.5 | 8.5 | 4.6 | 3.6 | 1.5 | — |
| EV / EBITDA | 16.3 | 14.6 | 15.3 | 16.6 | 37.2 | 17.1 | 14.3 | 299.2 | — |
| EV / free cash flow | — | 111.6 | — | — | — | 44.4 | — | — | — |
| Earnings yield | −8.4% | −3.8% | −5.7% | −8.8% | −0.1% | −2.4% | −6.3% | 0.3% | — |
| Free cash flow yield | −1.6% | 1.5% | −0.6% | −9.5% | −0.0% | 3.1% | −0.7% | −6.4% | — |
| Dividend yield | — | — | — | — | — | — | 92.6% | — | — |
| Shareholder yield (dividends + buybacks) | — | 0.1% | 0.1% | 0.5% | 0.0% | 0.0% | 120.1% | 0.0% | — |
| Share price at fiscal year-end | $5.41 | $6.88 | $5.82 | $5.77 | $37.58 | $13.44 | $8.15 | $10.03 | — |
| Per share | |||||||||
| Revenue per share | $4.69 | $4.44 | $4.08 | $3.99 | $4.89 | $4.12 | $3.81 | $6.49 | $5.92 |
| Earnings per share | −$0.45 | −$0.26 | −$0.33 | −$0.51 | −$0.04 | −$0.32 | −$0.51 | $0.03 | $0.67 |
| Operating cash flow per share | $0.27 | $0.50 | $0.64 | $0.01 | $0.69 | $0.88 | $0.37 | −$0.03 | $1.12 |
| Free cash flow per share | −$0.09 | $0.10 | −$0.03 | −$0.55 | −$0.02 | $0.42 | −$0.06 | −$0.64 | $0.45 |
| Cash per share | $0.75 | $0.92 | $0.75 | $0.77 | $1.32 | $0.67 | $0.28 | $0.07 | $0.00 |
| Book value per share | $6.35 | $6.60 | $6.94 | $7.48 | $8.10 | $7.22 | $7.51 | $7.06 | $0.00 |
| Tangible book value per share | −$2.54 | −$2.50 | −$2.71 | −$2.52 | −$2.84 | −$5.19 | −$5.30 | −$8.68 | $0.00 |
| Dividends per share | — | — | — | — | — | — | $7.55 | — | — |
| Capex per share | $0.36 | $0.40 | $0.67 | $0.56 | $0.71 | $0.46 | $0.43 | $0.61 | $0.67 |
| Debt per share | $5.11 | $5.19 | $5.21 | $4.87 | $5.20 | $5.98 | $5.94 | $0.10 | $0.00 |
| Shares outstanding | 84.2M | 83.1M | 82.4M | 81.9M | 78.5M | 72.4M | 70.8M | 41.2M | 41.2M |
| Change in shares outstanding | +1.4% | +0.8% | +0.6% | +4.2% | +8.4% | +2.3% | +71.6% | 0.0% | — |
| Returns & profitability | |||||||||
| Return on equity (ROE) | −7.1% | −3.8% | −4.6% | −6.6% | −0.5% | −4.4% | −8.8% | 1.0% | — |
| Return on invested capital (ROIC) | −2.1% | −1.1% | −0.6% | −3.6% | 1.0% | 1.0% | 0.3% | −2.6% | — |
| Return on assets (ROA) | −3.4% | −1.9% | −2.4% | −3.5% | −0.2% | −2.1% | −5.1% | 0.9% | — |
| Return on tangible assets | −10.2% | −6.2% | −8.3% | −13.2% | −0.8% | −10.0% | −18.4% | — | — |
| Free cash flow margin | −1.8% | 2.2% | −0.8% | −13.7% | −0.4% | 10.3% | −1.5% | −9.9% | 7.7% |
| Income quality (OCF / net income) | — | — | — | — | — | — | — | −0.88 | 1.67 |
| Financial health | |||||||||
| Total debt | $430.0M | $431.2M | $428.8M | $399.0M | $408.1M | $433.2M | $420.4M | $4.0M | $185,684 |
| Cash & short-term investments | $63.0M | $76.1M | $62.0M | $62.8M | $103.9M | $48.5M | $19.7M | $2.9M | $1,896 |
| Net debt | $367.0M | $355.1M | $366.8M | $336.2M | $304.2M | $384.7M | $400.7M | $1.1M | $183,788 |
| Debt / equity | 0.80 | 0.79 | 0.75 | 0.65 | 0.64 | 0.83 | 0.79 | 0.01 | 3.44 |
| Debt / assets | 0.38 | 0.39 | 0.38 | 0.35 | 0.34 | 0.38 | 0.38 | 0.01 | 0.21 |
| Net debt / EBITDA | 7.27 | 5.58 | 6.62 | 6.90 | 3.47 | 4.85 | 5.88 | 0.80 | 0.00 |
| Current ratio | 1.83 | 2.21 | 2.60 | 3.57 | 2.68 | 1.86 | 2.24 | 0.46 | 0.00 |
| Quick ratio | 1.47 | 1.89 | 2.24 | 2.93 | 2.22 | 1.58 | 1.87 | −1.29 | 0.00 |
| Interest coverage | -0.8 | -0.4 | -0.3 | -2.1 | 0.5 | 0.4 | 0.0 | -0.1 | 1.0 |
| Working capital | $69.8M | $82.8M | $76.9M | $100.5M | $120.0M | $49.7M | $39.5M | −$3.6M | −$814,934 |
| Invested capital | $901.9M | $903.2M | $938.8M | $949.0M | $940.4M | $907.6M | $932.5M | $292.3M | $237,773 |
| Tangible asset value | −$214.1M | −$207.8M | −$223.5M | −$206.0M | −$223.3M | −$376.1M | −$375.6M | −$358.2M | $53,985 |
| Net current asset value | −$436.2M | −$404.9M | −$425.8M | −$381.1M | −$385.7M | −$503.4M | −$501.2M | −$14.9M | −$814,934 |
| Graham number | — | — | — | — | — | — | — | $2.31 | $0.14 |
| Graham net-net per share | −$5.64 | −$5.24 | −$5.53 | −$5.12 | −$5.37 | −$7.24 | −$7.33 | $0.41 | −$0.02 |
| Capital allocation | |||||||||
| Dividends paid | — | — | — | — | — | — | $534.6M | — | — |
| Share buybacks (net) | — | $400,000 | $500,000 | $2.5M | $0 | $0 | $158.3M | $0 | $1.6M |
| Dividends + buybacks / free cash flow | — | 4.8% | — | — | — | 0.0% | — | — | 8.6% |
| Capex / revenue | 7.7% | 9.0% | 16.4% | 14.0% | 14.5% | 11.1% | 11.3% | 9.4% | 11.3% |
| Capex / operating cash flow | 131.2% | 80.0% | 105.1% | 4,163.6% | 102.6% | 52.0% | 115.6% | — | 59.5% |
| Capex / depreciation | 0.45 | 0.51 | 0.79 | 0.66 | 0.76 | 0.53 | 0.52 | 0.39 | 0.45 |
| Stock-based compensation / revenue | 1.9% | 1.7% | −3.0% | 5.6% | 5.9% | 2.4% | 2.8% | 3.9% | 5.2% |
| R&D / revenue | 1.0% | 1.2% | 1.1% | 1.1% | 0.4% | 0.8% | 0.8% | 0.9% | — |
| SG&A / revenue | 29.0% | 27.6% | 30.9% | 25.8% | 25.6% | 24.3% | 22.8% | 1.4% | 19.0% |
| Efficiency | |||||||||
| Days sales outstanding | 44.0 | 38.7 | 36.7 | 45.6 | 40.7 | 47.0 | 49.1 | 47.5 | — |
| Days of inventory on hand | 31.8 | 31.1 | 36.2 | 46.6 | 38.1 | 28.8 | 26.9 | 28.1 | — |
| Days payables outstanding | 38.7 | 35.4 | 35.9 | 46.5 | 45.4 | 38.7 | 28.3 | 29.3 | — |
| Cash conversion cycle (days) | 37.2 | 34.3 | 37.0 | 45.6 | 33.4 | 37.1 | 47.7 | 46.4 | — |
| Receivables turnover | 8.29 | 9.43 | 9.95 | 8.01 | 8.97 | 7.77 | 7.43 | 7.68 | — |
| Payables turnover | 9.44 | 10.30 | 10.17 | 7.85 | 8.05 | 9.44 | 12.89 | 12.46 | — |
| Inventory turnover | 11.48 | 11.75 | 10.07 | 7.84 | 9.59 | 12.68 | 13.56 | 12.99 | — |
| Asset turnover | 0.35 | 0.33 | 0.30 | 0.28 | 0.33 | 0.27 | 0.38 | 1.73 | 280.31 |
| Average receivables | $47.6M | $39.1M | $33.8M | $40.8M | $42.8M | $38.4M | $36.2M | $34.9M | — |
| Average payables | $31.8M | $22.2M | $20.9M | $28.9M | $29.2M | $18.6M | $12.3M | $12.3M | — |
| Average inventory | $26.1M | $19.5M | $21.1M | $28.9M | $24.5M | $13.8M | $11.7M | $11.8M | — |
| Intangibles / total assets | 66.6% | 68.5% | 70.9% | 72.2% | 70.8% | 79.3% | 82.2% | 210.0% | 0.0% |
Computed from PACK's annual financial statements (latest annual report filed March 5, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
PACK valuation and financial ratios
Ranpak earned a return on equity of −7.1% and a return on invested capital of −2.1% in fiscal 2025. It ended the year with $430.0 million of debt and $63.0 million in cash and short-term investments, net debt of $367.0 million. The share count rose 104.1% from 41.2M to 84.2M over 8 years.
See the PACK income statement, the PACK chart for price history, or the PACK stock overview for the latest quote and news.
PACK key metrics FAQ
What is Ranpak's EV/EBITDA?
Ranpak's enterprise value was 16.3 times EBITDA at the end of fiscal 2025 (enterprise value $822.4 million, EBITDA $50.5 million); the current EV/EBITDA is 13.9.
What is Ranpak's return on equity?
Ranpak's return on equity (ROE) was −7.1% in fiscal 2025: net income of -$38.3 million on average shareholders' equity of $541.5 million.
What is Ranpak's ROIC?
Ranpak's return on invested capital was −2.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Ranpak have?
Ranpak had total debt of $430.0 million at the end of fiscal 2025, a debt-to-equity ratio of 0.80 and $367.0 million of net debt (7.27 times EBITDA).
What is Ranpak's free cash flow yield?
Ranpak generated -$7.2 million of free cash flow in fiscal 2025, a free cash flow yield of −1.6% on its market value at year-end ($455.4 million).
What is Ranpak's current ratio?
Ranpak's current ratio was 1.83 at the end of fiscal 2025: current assets were 1.83 times current liabilities.