PACKRanpak Holdings Corp.
Converted Paper & Paperboard Prods (no Contaners/boxes)
- Revenue
- $333M
- 5.5% YoY
- Operating margin
- -7.3%
- 80% YoY
- EBITDA
- $42M
- 19% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 8.4×
- $355M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear2% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyFired41% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $384M | $276M | $285M | $316M | $333M | 5.5% |
| Operating income | $12M | −$43M | −$8M | −$13M | −$24M | 90% |
| Net income | −$3M | −$41M | −$27M | −$22M | −$38M | 78% |
| Operating cash flow | $54M | $1M | $53M | $41M | $23M | 44% |
| Capex | $55M | $45M | $55M | — | — | |
| Stock-based comp | $23M | $18M | −$10M | $6M | $8M | 21% |
| Buybacks | $0 | — | — | — | — |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $2M | −$1M | 40 | 88 |
| FY2024 | $2M | $515K | 51 | 103 |
| FY2023 | $3M | $733K | 43 | 92 |
| FY2022 | $1M | −$35M | 43 | 87 |
| FY2021 | $23M | $42M | 280 | 109 |