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Side-by-side financial comparison of APA Corporation (APA) and GRAPHIC PACKAGING HOLDING CO (GPK). Click either name above to swap in a different company.
APA Corporation is the larger business by last-quarter revenue ($2.2B vs $2.1B, roughly 1.1× GRAPHIC PACKAGING HOLDING CO). APA Corporation runs the higher net margin — 15.0% vs 3.4%, a 11.6% gap on every dollar of revenue. On growth, GRAPHIC PACKAGING HOLDING CO posted the faster year-over-year revenue change (0.2% vs -24.3%). Over the past eight quarters, APA Corporation's revenue compounded faster (1.4% CAGR vs -3.5%).
APA Corporation, a holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston.
Graphic Packaging International is a Fortune 500 corporation based in Atlanta, Georgia, United States. It designs and manufactures packaging solutions for commercial products. GPI manufactures paperboard and folding cartons for a wide range of popular consumer goods, particularly beverages and packaged food. The company operates paperboard mills in Kalamazoo, Michigan; Macon, Georgia; Middletown, Ohio; Prosperity, South Carolina; Texarkana, Texas; and West Monroe, Louisiana, that use recycled...
APA vs GPK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $2.1B |
| Net Profit | $331.0M | $71.0M |
| Gross Margin | — | 14.1% |
| Operating Margin | 32.5% | 7.4% |
| Net Margin | 15.0% | 3.4% |
| Revenue YoY | -24.3% | 0.2% |
| Net Profit YoY | -22.1% | -48.6% |
| EPS (diluted) | $0.79 | $0.24 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $2.2B | $2.1B | ||
| Q3 25 | $2.3B | $2.2B | ||
| Q2 25 | $2.3B | $2.2B | ||
| Q1 25 | $2.7B | $2.1B | ||
| Q4 24 | $2.9B | $2.1B | ||
| Q3 24 | $2.7B | $2.2B | ||
| Q2 24 | $2.8B | $2.2B | ||
| Q1 24 | $2.1B | $2.3B |
| Q4 25 | $331.0M | $71.0M | ||
| Q3 25 | $205.0M | $142.0M | ||
| Q2 25 | $603.0M | $104.0M | ||
| Q1 25 | $418.0M | $127.0M | ||
| Q4 24 | $425.0M | $138.0M | ||
| Q3 24 | $-223.0M | $165.0M | ||
| Q2 24 | $541.0M | $190.0M | ||
| Q1 24 | $212.0M | $165.0M |
| Q4 25 | — | 14.1% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | 18.7% | ||
| Q1 25 | — | 20.6% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | 22.3% | ||
| Q2 24 | — | 21.2% | ||
| Q1 24 | — | 23.0% |
| Q4 25 | 32.5% | 7.4% | ||
| Q3 25 | 33.7% | 10.7% | ||
| Q2 25 | 31.8% | 8.8% | ||
| Q1 25 | 31.9% | 10.5% | ||
| Q4 24 | 31.4% | 11.4% | ||
| Q3 24 | -5.2% | 12.6% | ||
| Q2 24 | 34.4% | 14.5% | ||
| Q1 24 | 32.2% | 12.4% |
| Q4 25 | 15.0% | 3.4% | ||
| Q3 25 | 9.0% | 6.5% | ||
| Q2 25 | 26.0% | 4.7% | ||
| Q1 25 | 15.4% | 6.0% | ||
| Q4 24 | 14.6% | 6.6% | ||
| Q3 24 | -8.1% | 7.5% | ||
| Q2 24 | 19.0% | 8.5% | ||
| Q1 24 | 9.9% | 7.3% |
| Q4 25 | $0.79 | $0.24 | ||
| Q3 25 | $0.57 | $0.48 | ||
| Q2 25 | $1.67 | $0.34 | ||
| Q1 25 | $0.96 | $0.42 | ||
| Q4 24 | $0.97 | $0.46 | ||
| Q3 24 | $-0.60 | $0.55 | ||
| Q2 24 | $1.46 | $0.62 | ||
| Q1 24 | $0.44 | $0.53 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $516.0M | $261.0M |
| Total DebtLower is stronger | $4.3B | $5.0B |
| Stockholders' EquityBook value | $6.1B | $3.3B |
| Total Assets | $17.8B | $11.8B |
| Debt / EquityLower = less leverage | 0.70× | 1.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $516.0M | $261.0M | ||
| Q3 25 | $475.0M | $120.0M | ||
| Q2 25 | $107.0M | $120.0M | ||
| Q1 25 | $67.0M | $129.0M | ||
| Q4 24 | $625.0M | $157.0M | ||
| Q3 24 | $64.0M | $126.0M | ||
| Q2 24 | $160.0M | $125.0M | ||
| Q1 24 | $102.0M | $136.0M |
| Q4 25 | $4.3B | $5.0B | ||
| Q3 25 | $4.3B | $5.5B | ||
| Q2 25 | $4.3B | $5.4B | ||
| Q1 25 | $5.2B | $5.7B | ||
| Q4 24 | $6.0B | $5.1B | ||
| Q3 24 | $6.4B | $5.4B | ||
| Q2 24 | $6.7B | $4.9B | ||
| Q1 24 | $5.2B | $4.9B |
| Q4 25 | $6.1B | $3.3B | ||
| Q3 25 | $6.0B | $3.3B | ||
| Q2 25 | $5.9B | $3.2B | ||
| Q1 25 | $5.4B | $3.2B | ||
| Q4 24 | $5.3B | $3.0B | ||
| Q3 24 | $5.1B | $3.0B | ||
| Q2 24 | $5.4B | $2.8B | ||
| Q1 24 | $2.6B | $2.9B |
| Q4 25 | $17.8B | $11.8B | ||
| Q3 25 | $17.7B | $11.9B | ||
| Q2 25 | $18.1B | $11.8B | ||
| Q1 25 | $18.5B | $11.5B | ||
| Q4 24 | $19.4B | $11.1B | ||
| Q3 24 | $19.4B | $11.2B | ||
| Q2 24 | $20.2B | $10.8B | ||
| Q1 24 | $15.0B | $11.3B |
| Q4 25 | 0.70× | 1.51× | ||
| Q3 25 | 0.72× | 1.67× | ||
| Q2 25 | 0.73× | 1.68× | ||
| Q1 25 | 0.96× | 1.80× | ||
| Q4 24 | 1.13× | 1.71× | ||
| Q3 24 | 1.25× | 1.79× | ||
| Q2 24 | 1.24× | 1.75× | ||
| Q1 24 | 1.99× | 1.73× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $808.0M | $521.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 2.44× | 7.34× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $808.0M | $521.0M | ||
| Q3 25 | $1.5B | $227.0M | ||
| Q2 25 | $1.2B | $267.0M | ||
| Q1 25 | $1.1B | $-174.0M | ||
| Q4 24 | $1.0B | $489.0M | ||
| Q3 24 | $1.3B | $187.0M | ||
| Q2 24 | $877.0M | $161.0M | ||
| Q1 24 | $368.0M | $3.0M |
| Q4 25 | 2.44× | 7.34× | ||
| Q3 25 | 7.12× | 1.60× | ||
| Q2 25 | 1.96× | 2.57× | ||
| Q1 25 | 2.62× | -1.37× | ||
| Q4 24 | 2.44× | 3.54× | ||
| Q3 24 | — | 1.13× | ||
| Q2 24 | 1.62× | 0.85× | ||
| Q1 24 | 1.74× | 0.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APA
| Oil And Gas Excluding Purchased | $1.7B | 76% |
| Oil And Gas Purchased | $323.0M | 15% |
| Oil Reserves | $114.0M | 5% |
| Other | $72.0M | 3% |
| Natural Gas Reserves | $30.0M | 1% |
GPK
| Americas Paperboard Packaging | $1.4B | 68% |
| Other | $667.0M | 32% |
