PACK Profit Margins - Ranpak Holdings Corp.

Complete source-backed margin history.

Historical Profit Margins

Date	Gross margin	Operating margin	Net margin
2026-06-30	39.93%	-2.78%	-9.14%
2026-03-31	42.67%	-4.65%	-12.47%
2025-12-31	38.95%	-0.96%	-10.14%
2025-09-30	41.15%	-6.82%	-12.44%
2025-06-30	37.15%	-12.47%	-9.64%
2025-03-31	39.82%	-10.31%	-14.05%
2024-12-31	45.20%	1.53%	-11.79%
2024-09-30	43.77%	-5.34%	-10.31%
2024-06-30	43.54%	-7.14%	7.55%
2024-03-31	44.55%	-6.62%	-11.17%
2023-12-31	43.94%	-5.93%	-11.98%
2023-09-30	45.26%	2.30%	-4.74%
2023-06-30	43.64%	6.36%	-3.03%
2023-03-31	33.87%	-10.96%	-15.27%
2022-12-31	76.11%	-19.11%	-24.91%
2022-09-30	31.36%	-15.04%	-11.18%
2022-06-30	32.60%	-13.13%	-13.02%
2022-03-31	29.82%	-16.73%	-17.09%
2021-12-31	35.66%	1.01%	-2.29%
2021-09-30	39.13%	2.37%	-1.44%
2021-06-30	39.67%	1.22%	-5.78%
2021-03-31	41.39%	8.78%	7.18%
2020-12-31	42.00%	12.62%	-5.66%
2020-09-30	39.32%	3.65%	-7.94%
2020-06-30	40.85%	-3.18%	-12.86%
2020-03-31	42.27%	-0.95%	-5.68%
2019-09-30	42.69%	1.45%	-2.32%
2019-03-31	42.66%	3.33%	-4.84%
2018-12-31	—	7.51%	-10.72%
2018-09-30	—	2.92%	0.46%
2018-06-30	—	6.75%	2.91%

Date	Gross margin	Operating margin	Net margin
2025-12-31	39.28%	-7.30%	-11.51%
2024-12-31	44.31%	-4.06%	-6.81%
2023-12-31	43.29%	-2.63%	-9.52%
2022-12-31	36.03%	-15.38%	-14.98%
2021-12-31	38.79%	3.18%	-0.73%
2020-12-31	41.11%	3.92%	-7.85%
2018-12-31	50.00%	4.80%	-3.75%
2017-12-31	53.60%	14.88%	13.21%