Ranpak (PACK) delivered adjusted EBITDA of $58.2 million in Q4 2025, reflecting a 7.3% year-over-year increase, while raising its 2026 full-year revenue outlook to a range of $680 million to $700 million. The company cited sustained demand in e-commerce and industrial sectors as key drivers.
- Adjusted EBITDA: $58.2 million in Q4 2025, up 7.3% YoY
- Q4 2025 revenue: $187.6 million, +5.8% YoY
- 2026 revenue guidance raised to $680M–$700M
- North America volume growth: +6.2% in Q4 2025
- New Ontario facility to add $25M in annual revenue by mid-2026
- 2026 adjusted EBITDA margin target: ≥18%
Ranpak (PACK) reported strong performance in the fourth quarter of 2025, posting adjusted EBITDA of $58.2 million, a 7.3% increase from $54.3 million in the same period of 2024. Revenue for the quarter reached $187.6 million, up 5.8% year-over-year, driven by expanded capacity utilization and increased order volumes across North America and Europe. The company highlighted resilient demand in e-commerce and industrial packaging, with volume growth of 6.2% in the North American market. The company maintained its focus on operational efficiency, achieving a 12.4% improvement in production throughput and reducing material waste by 8.7% compared to Q4 2024. Ranpak also announced the completion of its new sustainable packaging facility in Ontario, Canada, which is expected to contribute $25 million in incremental annual revenue by mid-2026. These initiatives underscore the company’s strategy to strengthen its position in the growing segment of eco-conscious packaging solutions. For 2026, Ranpak raised its full-year revenue guidance to $680 million to $700 million, up from the prior estimate of $650 million to $670 million. The revised guidance reflects improved visibility into customer contracts and increased adoption of its automated packaging systems. The company also reaffirmed its target of achieving at least 18% adjusted EBITDA margin for the full year, with a focus on margin expansion through technology adoption and supply chain optimization. Market participants noted that the positive guidance and execution metrics supported a modest uptick in PACK’s share price following the earnings release. Analysts observed that the industrial packaging sector, as represented by broader benchmarks, showed resilience despite elevated input costs and macroeconomic uncertainty. The move aligns with broader trends in logistics and supply chain modernization, particularly in North America.