Ranpak (NYSE:PACK) Issues Earnings Results

Ranpak (NYSE:PACK) released its quarterly earnings results on Thursday. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.09), FiscalAI reports. Ranpak had a negative return on equity of 7.09% and a negative net margin of 9.70%.The firm had revenue of $111.90 million for the quarter, compared to analysts’ expectations of $112.82 million.

Here are the key takeaways from Ranpak’s conference call:

• Automation was a standout — Ranpak grew automation revenue to north of $40M in 2025 (?35% year) and guides to 30%–50% growth in 2026 (potentially >$60M) with the business expected to turn positive on Adjusted EBITDA.
• North America drove the quarter and year — e?commerce volumes led to +5.5% volume in Q4 and ~14% for the year, and relationships with two large e?commerce/retail customers are expected to generate a cumulative > $1 billion of revenue over the next 8–10 years.
• Profitability pressures remain — Q4 Adjusted EBITDA fell 10.3% (or -1.2% excl. warrant impact), full?year Adjusted EBITDA declined, gross profit was down on mix and warrant effects, automation was a ~$6M drag for the year (though it broke even in Q4), and net leverage sits at 4.4x with a target of 2.5–3x.
• Europe and geopolitical risk are headwinds — EMEA revenue was softer (rebates, mix and weaker industrial demand), and the recent Middle East conflict has elevated European energy prices (Dutch TTF volatility), prompting a more conservative near?term guide.

Ranpak Stock Down 9.7%

Shares of NYSE PACK opened at $3.83 on Friday. The stock has a market cap of $323.18 million, a P/E ratio of -8.51 and a beta of 2.82. The business’s fifty day simple moving average is $5.48 and its 200-day simple moving average is $5.27. Ranpak has a 12-month low of $2.91 and a 12-month high of $6.51. The company has a current ratio of 1.88, a quick ratio of 1.42 and a debt-to-equity ratio of 0.74.

Institutional Investors Weigh In On Ranpak

Several large investors have recently bought and sold shares of the stock. Corient Private Wealth LLC acquired a new stake in Ranpak in the 4th quarter valued at about $59,000. Empowered Funds LLC grew its position in shares of Ranpak by 6.0% during the fourth quarter. Empowered Funds LLC now owns 498,623 shares of the company’s stock worth $2,698,000 after buying an additional 28,056 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Ranpak during the fourth quarter worth about $58,000. Numerai GP LLC purchased a new stake in shares of Ranpak in the 4th quarter valued at approximately $62,000. Finally, Millennium Management LLC raised its stake in Ranpak by 32.9% during the 4th quarter. Millennium Management LLC now owns 1,588,253 shares of the company’s stock worth $8,592,000 after acquiring an additional 393,344 shares in the last quarter. Hedge funds and other institutional investors own 85.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PACK shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Ranpak in a research note on Thursday, January 22nd. Craig Hallum dropped their target price on Ranpak from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Friday. Cantor Fitzgerald reissued an “overweight” rating on shares of Ranpak in a research report on Friday. Finally, UBS Group reissued an “overweight” rating on shares of Ranpak in a research note on Friday. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $6.83.

Key Stories Impacting Ranpak

Here are the key news stories impacting Ranpak this week:

• Positive Sentiment: Ranpak outlined a 2026 revenue growth target of up to 12.7% while pursuing automation and expanding partnerships — a strategic roadmap that could lift medium?term top?line growth if execution follows through. Read More.
• Positive Sentiment: Craig Hallum kept a Buy rating on PACK and set a $8 price target (down from $10), implying significant upside from current levels — this maintains institutional endorsement despite the reduction in target. Read More.
• Neutral Sentiment: Full Q4 earnings call transcripts and slide deck were posted — useful for investors who want detail on drivers, margins, and the cadence behind the guidance. Read More. | Read More.
• Neutral Sentiment: Trading was temporarily halted due to an LULD pause, signaling intraday volatility but not a fundamental development by itself.
• Negative Sentiment: Q4 results missed expectations: EPS of -$0.11 vs. consensus -$0.02 and revenue $111.9M vs. $112.8M est.; the company reported a negative net margin and negative ROE — these misses prompted the immediate negative market reaction. Read More.
• Negative Sentiment: FY?2026 revenue guidance was updated to $415M–$445M versus a consensus ~$433.7M — the lower end of the range and lack of explicit EPS guidance increase uncertainty around near?term profitability. Read More.
• Negative Sentiment: Market technicals amplify the weakness: unusually high volume (well above average) and the stock trading below its 50? and 200?day moving averages, increasing downside pressure in the near term. Read More.

About Ranpak

Ranpak Holdings Corp. (NYSE: PACK) is a leading provider of sustainable, paper-based packaging solutions designed to protect products during transit. The company’s core business centers on the design, manufacture and distribution of automated systems and consumable paper packaging materials that offer an eco-friendly alternative to plastic-based void-fill and protective packaging. Ranpak’s solutions include crumpled paper fillers, paper wrap systems and tailored automation equipment that serve diverse end markets such as e-commerce, industrial parts, electronics and retail.

Founded in 1972 and headquartered in Concord Township, Ohio, Ranpak has built a global presence by combining innovation in paper converting technology with a commitment to sustainability.