Ranpak Holdings Corp PACK

Competitive advantage analysis · consumer-cyclical

Corporate Default
Overall moat score
30/100
Developing

Ranked against 25 peers in Packaging & Containers

About Ranpak Holdings Corp

Ranpak Holdings Corp., together with its subsidiaries, provides product protection solutions and end-of-line automation solutions for e-commerce and industrial supply chains in North America, Europe, and Asia. The company offers protective packaging solutions, such as void-fill protective systems that convert paper to fill empty spaces in secondary packages and protect objects under the FillPak brand; cushioning protective systems, which convert … Full PACK analysis →

Key strengths

  • Strong Liquidity Buffer Liquidity position is strong (score 0.77), providing operational cushion.

Key risks

  • Below-Peer Operating Efficiency Operating margin at 13.6th percentile indicates below-peer efficiency.
  • Elevated Debt Risk Debt serviceability is weak (score 0.14), raising refinancing risk.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Weak
18
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Where PACK ranks in Packaging & Containers

Ranpak Holdings Corp ranks #19 of 26 scored companies in Packaging & Containers by moat score — the top 73%. The widest moat in the group is Reynolds Consumer Products Inc. (REYN) at 83/100.

# Company Moat score Rating
15 Amcor plc AMCR 48/100 Developing
16 TriMas Corporation TRS 46/100 Developing
17 Ardagh Metal Packaging S.A. AMBP 42/100 Developing
18 Smurfit WestRock plc SW 35/100 Developing
19 Ranpak Holdings Corp PACK 30/100 Developing
20 International Paper Company IP 26/100 Developing
21 Yunhong Green CTI Ltd. YHGJ 21/100 Weak
22 Millennium Group International MGIH 20/100 Weak
23 DSS, Inc. DSS 5/100 Weak

See every General Corporate company ranked by moat score →

How PACK scores on the Corporate Default defenses

Pricing Power

Score 18 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 11 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 30 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 41 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 34 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 47 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding PACK's moat

What is Ranpak Holdings Corp's moat score?

Ranpak Holdings Corp (PACK) scores 30 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #19 of 26 scored companies in Packaging & Containers, the top 73%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 25 companies in Packaging & Containers. Its strongest defense is Scale & Market Position (47/100) and its weakest is Cost Advantage (11/100).

How does Ranpak Holdings Corp compare with other Packaging & Containers companies?

Ranpak Holdings Corp ranks #19 of 26 scored companies in Packaging & Containers by moat score. The widest moat in Packaging & Containers is Reynolds Consumer Products Inc. (REYN) at 83/100. The companies ranked closest are Smurfit WestRock plc (SW) at 35 just above it and International Paper Company (IP) at 26 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 25 companies in Packaging & Containers. The defenses are then weighted to produce the overall score out of 100.

Why is Ranpak Holdings Corp scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Ranpak Holdings Corp?

The Corporate Default template measures 6 defenses, and PACK scores: Pricing Power (18), Cost Advantage (11), Customer Stickiness (30), Capital Efficiency (41), Resilience (34), Scale & Market Position (47). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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