Ranpak Holdings (PACK) Gross Margin (2018 - 2026)
Ranpak Holdings' (PACK) quarterly Gross Margin came in at 32.79% in Q2 2026, up 148.0% year-over-year from 13.22% in Q2 2025, and down 4.9% quarter-over-quarter from 34.49% in Q1 2026.
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Ranpak Holdings (PACK) Gross Margin (2018 - 2026) Analysis & Trends
Ranpak Holdings (PACK) has reported Gross Margin for 9 consecutive years, with 32.79% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin rose 148.0% year-over-year to 32.79% in Q2 2026; TTM through Jun 2026 was 33.57%, a 205.0% decrease from a year earlier, with the FY2025 full-year figure at 33.09%, down 481.0% from the prior year.
- Gross Margin was 32.79% for Q2 2026 at Ranpak Holdings, down from 34.49% in the prior quarter.
- Over five years, Gross Margin peaked at 39.43% in Q4 2024 and troughed at 28.09% in Q4 2022.
- A 5-year average of 34.41% and a median of 34.18% in 2026 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin slumped 1157 bps in 2022 and jumped 964 bps in 2023, its largest moves.
- Over 5 years, Gross Margin stood at 28.09% in 2022, then soared by 34 bps to 37.72% in 2023, then climbed by 5 bps to 39.43% in 2024, then decreased by 17 bps to 32.62% in 2025, then advanced by 1 bps to 32.79% in 2026.
- The last three Gross Margin figures came in at 32.79% (Q2 2026), 34.49% (Q1 2026), and 32.62% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | International Paper | 51.92 Bn | 51.20 Bn | 1.66 Bn | 27.65% |
| 2 | Smurfit Westrock | 22.12 Bn | 21.44 Bn | 1.40 Bn | 17.42% |
| 3 | Packaging Corp Of America | 20.62 Bn | 20.03 Bn | 512.50 Mn | 20.58% |
| 4 | Sonoco Products | 4.82 Bn | 4.65 Bn | 392.38 Mn | 20.81% |
| 5 | Graphic Packaging Holding | 2.79 Bn | 2.58 Bn | 292.00 Mn | 13.35% |
| 6 | Ranpak Holdings | 341.67 Mn | 298.47 Mn | 34.50 Mn | 32.79% |
| 7 | Clearwater Paper | 317.20 Mn | 221.80 Mn | -10.40 Mn | -2.77% |
| 8 | Millennium Group International Holdings | 17.10 Mn | 10.24 Mn | - | - |
| 9 | Dss | 7.79 Mn | 2.64 Mn | - | - |
| 10 | It Tech Packaging | 2.21 Mn | -7.55 Mn | 2.02 Mn | 7.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 32.79% |
| Mar 31, 2026 | 34.49% |
| Dec 31, 2025 | 32.62% |
| Sep 30, 2025 | 34.54% |
| Jun 30, 2025 | 31.31% |
| Mar 31, 2025 | 33.88% |
| Dec 31, 2024 | 39.43% |
| Sep 30, 2024 | 37.31% |
| Jun 30, 2024 | 36.69% |
| Mar 31, 2024 | 37.87% |
| Dec 31, 2023 | 37.72% |
| Sep 30, 2023 | 38.04% |
| Jun 30, 2023 | 36.87% |
| Mar 31, 2023 | 33.87% |
| Dec 31, 2022 | 28.09% |
| Sep 30, 2022 | 31.36% |
| Jun 30, 2022 | 32.60% |
| Mar 31, 2022 | 29.82% |
| Dec 31, 2021 | 35.66% |
| Sep 30, 2021 | 39.13% |