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Side-by-side financial comparison of BRINKS CO (BCO) and GRAPHIC PACKAGING HOLDING CO (GPK). Click either name above to swap in a different company.

GRAPHIC PACKAGING HOLDING CO is the larger business by last-quarter revenue ($2.1B vs $1.4B, roughly 1.5× BRINKS CO). BRINKS CO runs the higher net margin — 3.9% vs 3.4%, a 0.5% gap on every dollar of revenue. On growth, BRINKS CO posted the faster year-over-year revenue change (10.0% vs 0.2%). Over the past eight quarters, BRINKS CO's revenue compounded faster (4.8% CAGR vs -3.5%).

The Brink's Company is an American cash handling company, headquartered in Richmond, Virginia. Its operations include cash-in-transit, ATM replenishment & maintenance, and cash management & payment services, such as vault outsourcing, money processing, intelligent safe services, and international transportation of valuables.

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...

BCO vs GPK — Head-to-Head

Bigger by revenue
GPK
GPK
1.5× larger
GPK
$2.1B
$1.4B
BCO
Growing faster (revenue YoY)
BCO
BCO
+9.8% gap
BCO
10.0%
0.2%
GPK
Higher net margin
BCO
BCO
0.5% more per $
BCO
3.9%
3.4%
GPK
Faster 2-yr revenue CAGR
BCO
BCO
Annualised
BCO
4.8%
-3.5%
GPK

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
BCO
BCO
GPK
GPK
Revenue
$1.4B
$2.1B
Net Profit
$53.9M
$71.0M
Gross Margin
14.1%
Operating Margin
8.0%
7.4%
Net Margin
3.9%
3.4%
Revenue YoY
10.0%
0.2%
Net Profit YoY
54.9%
-48.6%
EPS (diluted)
$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.

Revenue
BCO
BCO
GPK
GPK
Q2 26
$1.4B
Q4 25
$1.4B
$2.1B
Q3 25
$1.3B
$2.2B
Q2 25
$1.3B
$2.2B
Q1 25
$1.2B
$2.1B
Q4 24
$1.3B
$2.1B
Q3 24
$1.3B
$2.2B
Q2 24
$1.3B
$2.2B
Net Profit
BCO
BCO
GPK
GPK
Q2 26
$53.9M
Q4 25
$68.1M
$71.0M
Q3 25
$36.3M
$142.0M
Q2 25
$43.7M
$104.0M
Q1 25
$51.6M
$127.0M
Q4 24
$38.5M
$138.0M
Q3 24
$28.9M
$165.0M
Q2 24
$46.2M
$190.0M
Gross Margin
BCO
BCO
GPK
GPK
Q2 26
Q4 25
27.7%
14.1%
Q3 25
25.8%
19.6%
Q2 25
24.9%
18.7%
Q1 25
24.6%
20.6%
Q4 24
26.1%
21.4%
Q3 24
25.0%
22.3%
Q2 24
25.2%
21.2%
Operating Margin
BCO
BCO
GPK
GPK
Q2 26
8.0%
Q4 25
13.1%
7.4%
Q3 25
11.4%
10.7%
Q2 25
10.3%
8.8%
Q1 25
9.6%
10.5%
Q4 24
8.3%
11.4%
Q3 24
8.9%
12.6%
Q2 24
9.3%
14.5%
Net Margin
BCO
BCO
GPK
GPK
Q2 26
3.9%
Q4 25
4.9%
3.4%
Q3 25
2.7%
6.5%
Q2 25
3.4%
4.7%
Q1 25
4.1%
6.0%
Q4 24
3.0%
6.6%
Q3 24
2.3%
7.5%
Q2 24
3.7%
8.5%
EPS (diluted)
BCO
BCO
GPK
GPK
Q2 26
Q4 25
$1.62
$0.24
Q3 25
$0.86
$0.48
Q2 25
$1.03
$0.34
Q1 25
$1.18
$0.42
Q4 24
$0.87
$0.46
Q3 24
$0.65
$0.55
Q2 24
$1.02
$0.62

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BCO
BCO
GPK
GPK
Cash + ST InvestmentsLiquidity on hand
$1.7B
$261.0M
Total DebtLower is stronger
$4.1B
$5.0B
Stockholders' EquityBook value
$407.3M
$3.3B
Total Assets
$7.3B
$11.8B
Debt / EquityLower = less leverage
9.95×
1.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BCO
BCO
GPK
GPK
Q2 26
$1.7B
Q4 25
$1.7B
$261.0M
Q3 25
$1.3B
$120.0M
Q2 25
$1.4B
$120.0M
Q1 25
$1.2B
$129.0M
Q4 24
$1.4B
$157.0M
Q3 24
$1.2B
$126.0M
Q2 24
$1.2B
$125.0M
Total Debt
BCO
BCO
GPK
GPK
Q2 26
$4.1B
Q4 25
$4.0B
$5.0B
Q3 25
$3.8B
$5.5B
Q2 25
$3.9B
$5.4B
Q1 25
$3.7B
$5.7B
Q4 24
$3.7B
$5.1B
Q3 24
$3.7B
$5.4B
Q2 24
$3.6B
$4.9B
Stockholders' Equity
BCO
BCO
GPK
GPK
Q2 26
$407.3M
Q4 25
$277.7M
$3.3B
Q3 25
$268.5M
$3.3B
Q2 25
$254.6M
$3.2B
Q1 25
$205.8M
$3.2B
Q4 24
$184.9M
$3.0B
Q3 24
$277.1M
$3.0B
Q2 24
$320.5M
$2.8B
Total Assets
BCO
BCO
GPK
GPK
Q2 26
$7.3B
Q4 25
$7.3B
$11.8B
Q3 25
$7.0B
$11.9B
Q2 25
$7.1B
$11.8B
Q1 25
$6.6B
$11.5B
Q4 24
$6.6B
$11.1B
Q3 24
$6.7B
$11.2B
Q2 24
$6.6B
$10.8B
Debt / Equity
BCO
BCO
GPK
GPK
Q2 26
9.95×
Q4 25
14.31×
1.51×
Q3 25
14.05×
1.67×
Q2 25
15.48×
1.68×
Q1 25
18.19×
1.80×
Q4 24
20.26×
1.71×
Q3 24
13.39×
1.79×
Q2 24
11.26×
1.75×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BCO
BCO
GPK
GPK
Operating Cash FlowLast quarter
$521.0M
Free Cash FlowOCF − Capex
$435.5M
FCF MarginFCF / Revenue
31.7%
Capex IntensityCapex / Revenue
4.3%
Cash ConversionOCF / Net Profit
7.34×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BCO
BCO
GPK
GPK
Q2 26
Q4 25
$521.0M
Q3 25
$122.1M
$227.0M
Q2 25
$267.0M
Q1 25
$-60.2M
$-174.0M
Q4 24
$369.8M
$489.0M
Q3 24
$58.4M
$187.0M
Q2 24
$-66.1M
$161.0M
Free Cash Flow
BCO
BCO
GPK
GPK
Q2 26
$435.5M
Q4 25
Q3 25
$77.4M
Q2 25
Q1 25
$-119.1M
Q4 24
$307.2M
Q3 24
$7.4M
Q2 24
$-122.8M
FCF Margin
BCO
BCO
GPK
GPK
Q2 26
31.7%
Q4 25
Q3 25
5.8%
Q2 25
Q1 25
-9.6%
Q4 24
24.3%
Q3 24
0.6%
Q2 24
-9.8%
Capex Intensity
BCO
BCO
GPK
GPK
Q2 26
4.3%
Q4 25
3.5%
Q3 25
3.3%
Q2 25
4.0%
Q1 25
4.7%
Q4 24
5.0%
Q3 24
4.1%
Q2 24
4.5%
Cash Conversion
BCO
BCO
GPK
GPK
Q2 26
Q4 25
7.34×
Q3 25
3.36×
1.60×
Q2 25
2.57×
Q1 25
-1.17×
-1.37×
Q4 24
9.61×
3.54×
Q3 24
2.02×
1.13×
Q2 24
-1.43×
0.85×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BCO
BCO

North America$418.0M30%
Europe$319.0M23%
Latin America$308.0M22%
Rest of World$203.0M15%
Other$127.0M9%

GPK
GPK

Americas Paperboard Packaging$1.4B68%
Other$667.0M32%

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