Does RANPAK HOLDINGS CORP. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores RANPAK HOLDINGS CORP. (PACK) 24.2 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 60, returns on capital 4, balance-sheet safety 0, capital discipline 24.

How has PACK's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 24.2 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

RANPAK HOLDINGS CORP.

PACK · Materials · $574.7M mkt cap · FY2025 filings · No moat ·

Doesn't clear the bar

No moat

The four filters

Pricing power60

Median gross margin 42.2% over 8y, stable.

Returns on capital4

Median ROIC 0.2%, above the 9% hurdle in 13% of years.

Balance-sheet safety0

Net debt/EBITDA 8.0x, interest coverage -1x.

Capital discipline24

Owner earnings trend unclear, share count growing (dilution).

Margin of safety

Above valueOn sale

No price data

Owner earnings (normalized): —
Est. intrinsic value / share: —
Recent price: $6.81
Discount to value: No price data

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Fundamentals

There's no normalized fundamentals series for PACK yet — it appears once ingest has processed its filings.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale24.2 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — PACK has read No moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Materials context

#166 of 214 scored Materials companies, ranked by Moat Score.

Nearest peers by Moat Score

#164IFF INTERNATIONAL FLAVORS & FRAGRANCES INC24.7 out of 100, No moatNo moat
#165ALOY REalloys Inc.24.4 out of 100, No moatNo moat
#167NC NACCO INDUSTRIES, INC.24.0 out of 100, No moatNo moat
#168ARQ ARQ, INC.24.0 out of 100, No moatNo moat

Compare PACK with its nearest peers →All Materials companies on the Index →

Common questions about PACK

Does RANPAK HOLDINGS CORP. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores RANPAK HOLDINGS CORP. (PACK) 24.2 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 60, returns on capital 4, balance-sheet safety 0, capital discipline 24.
How has PACK's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 24.2 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

Embed this score on your site

One iframe, no script. The badge shows PACK’s live Moat Score, updates itself as new filings are scored, and links back here. How it works.

<iframe
  src="https://buylikebuffett.com/embed/PACK"
  width="340" height="150" style="border:0"
  title="PACK Moat Score — The Moat Index"
  loading="lazy"></iframe>

Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell PACK. See the disclaimer.