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Side-by-side financial comparison of TopBuild Corp (BLD) 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 $1.5B, roughly 1.4× TopBuild Corp). TopBuild Corp runs the higher net margin — 7.0% vs 3.4%, a 3.6% gap on every dollar of revenue. On growth, TopBuild Corp posted the faster year-over-year revenue change (13.2% vs 0.2%). Over the past eight quarters, TopBuild Corp's revenue compounded faster (7.8% CAGR vs -3.5%).
HashiCorp, Inc. is an American software company with a freemium business model based in San Francisco, California. HashiCorp provides tools and products that enable developers, operators and security professionals to provision, secure, run and connect cloud-computing infrastructure. It was founded in 2012 by Mitchell Hashimoto and Armon Dadgar. The company name HashiCorp is a portmanteau of co-founder last name Hashimoto and Corporation.
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...
BLD vs GPK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $2.1B |
| Net Profit | $104.5M | $71.0M |
| Gross Margin | 27.2% | 14.1% |
| Operating Margin | 12.1% | 7.4% |
| Net Margin | 7.0% | 3.4% |
| Revenue YoY | 13.2% | 0.2% |
| Net Profit YoY | -30.6% | -48.6% |
| EPS (diluted) | $3.69 | $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 | $1.5B | $2.1B | ||
| Q3 25 | $1.4B | $2.2B | ||
| Q2 25 | $1.3B | $2.2B | ||
| Q1 25 | $1.2B | $2.1B | ||
| Q4 24 | $1.3B | $2.1B | ||
| Q3 24 | $1.4B | $2.2B | ||
| Q2 24 | $1.4B | $2.2B | ||
| Q1 24 | $1.3B | $2.3B |
| Q4 25 | $104.5M | $71.0M | ||
| Q3 25 | $142.2M | $142.0M | ||
| Q2 25 | $151.6M | $104.0M | ||
| Q1 25 | $123.4M | $127.0M | ||
| Q4 24 | $150.5M | $138.0M | ||
| Q3 24 | $169.0M | $165.0M | ||
| Q2 24 | $150.7M | $190.0M | ||
| Q1 24 | $152.4M | $165.0M |
| Q4 25 | 27.2% | 14.1% | ||
| Q3 25 | 30.1% | 19.6% | ||
| Q2 25 | 30.4% | 18.7% | ||
| Q1 25 | 28.5% | 20.6% | ||
| Q4 24 | 29.9% | 21.4% | ||
| Q3 24 | 30.7% | 22.3% | ||
| Q2 24 | 31.0% | 21.2% | ||
| Q1 24 | 30.3% | 23.0% |
| Q4 25 | 12.1% | 7.4% | ||
| Q3 25 | 15.4% | 10.7% | ||
| Q2 25 | 16.9% | 8.8% | ||
| Q1 25 | 14.4% | 10.5% | ||
| Q4 24 | 16.6% | 11.4% | ||
| Q3 24 | 17.8% | 12.6% | ||
| Q2 24 | 15.4% | 14.5% | ||
| Q1 24 | 16.8% | 12.4% |
| Q4 25 | 7.0% | 3.4% | ||
| Q3 25 | 10.2% | 6.5% | ||
| Q2 25 | 11.7% | 4.7% | ||
| Q1 25 | 10.0% | 6.0% | ||
| Q4 24 | 11.5% | 6.6% | ||
| Q3 24 | 12.3% | 7.5% | ||
| Q2 24 | 11.0% | 8.5% | ||
| Q1 24 | 11.9% | 7.3% |
| Q4 25 | $3.69 | $0.24 | ||
| Q3 25 | $5.04 | $0.48 | ||
| Q2 25 | $5.32 | $0.34 | ||
| Q1 25 | $4.23 | $0.42 | ||
| Q4 24 | $5.07 | $0.46 | ||
| Q3 24 | $5.65 | $0.55 | ||
| Q2 24 | $4.78 | $0.62 | ||
| Q1 24 | $4.79 | $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 | $184.7M | $261.0M |
| Total DebtLower is stronger | $2.8B | $5.0B |
| Stockholders' EquityBook value | $2.3B | $3.3B |
| Total Assets | $6.6B | $11.8B |
| Debt / EquityLower = less leverage | 1.23× | 1.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $184.7M | $261.0M | ||
| Q3 25 | $1.1B | $120.0M | ||
| Q2 25 | $842.5M | $120.0M | ||
| Q1 25 | $308.8M | $129.0M | ||
| Q4 24 | $400.3M | $157.0M | ||
| Q3 24 | $257.3M | $126.0M | ||
| Q2 24 | $463.2M | $125.0M | ||
| Q1 24 | $968.8M | $136.0M |
| Q4 25 | $2.8B | $5.0B | ||
| Q3 25 | $2.9B | $5.5B | ||
| Q2 25 | $1.9B | $5.4B | ||
| Q1 25 | $1.4B | $5.7B | ||
| Q4 24 | $1.4B | $5.1B | ||
| Q3 24 | $1.4B | $5.4B | ||
| Q2 24 | $1.4B | $4.9B | ||
| Q1 24 | $1.4B | $4.9B |
| Q4 25 | $2.3B | $3.3B | ||
| Q3 25 | $2.2B | $3.3B | ||
| Q2 25 | $2.1B | $3.2B | ||
| Q1 25 | $2.1B | $3.2B | ||
| Q4 24 | $2.2B | $3.0B | ||
| Q3 24 | $2.1B | $3.0B | ||
| Q2 24 | $2.4B | $2.8B | ||
| Q1 24 | $2.7B | $2.9B |
| Q4 25 | $6.6B | $11.8B | ||
| Q3 25 | $6.4B | $11.9B | ||
| Q2 25 | $5.1B | $11.8B | ||
| Q1 25 | $4.6B | $11.5B | ||
| Q4 24 | $4.7B | $11.1B | ||
| Q3 24 | $4.7B | $11.2B | ||
| Q2 24 | $4.9B | $10.8B | ||
| Q1 24 | $5.3B | $11.3B |
| Q4 25 | 1.23× | 1.51× | ||
| Q3 25 | 1.29× | 1.67× | ||
| Q2 25 | 0.88× | 1.68× | ||
| Q1 25 | 0.65× | 1.80× | ||
| Q4 24 | 0.62× | 1.71× | ||
| Q3 24 | 0.66× | 1.79× | ||
| Q2 24 | 0.59× | 1.75× | ||
| Q1 24 | 0.52× | 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 | $176.7M | $521.0M |
| Free Cash FlowOCF − Capex | $159.4M | — |
| FCF MarginFCF / Revenue | 10.7% | — |
| Capex IntensityCapex / Revenue | 1.2% | — |
| Cash ConversionOCF / Net Profit | 1.69× | 7.34× |
| TTM Free Cash FlowTrailing 4 quarters | $696.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $176.7M | $521.0M | ||
| Q3 25 | $233.3M | $227.0M | ||
| Q2 25 | $193.7M | $267.0M | ||
| Q1 25 | $152.6M | $-174.0M | ||
| Q4 24 | $266.2M | $489.0M | ||
| Q3 24 | $240.7M | $187.0M | ||
| Q2 24 | $90.4M | $161.0M | ||
| Q1 24 | $178.8M | $3.0M |
| Q4 25 | $159.4M | — | ||
| Q3 25 | $216.2M | — | ||
| Q2 25 | $182.2M | — | ||
| Q1 25 | $139.2M | — | ||
| Q4 24 | $253.7M | — | ||
| Q3 24 | $219.8M | — | ||
| Q2 24 | $74.3M | — | ||
| Q1 24 | $158.9M | — |
| Q4 25 | 10.7% | — | ||
| Q3 25 | 15.5% | — | ||
| Q2 25 | 14.0% | — | ||
| Q1 25 | 11.3% | — | ||
| Q4 24 | 19.3% | — | ||
| Q3 24 | 16.0% | — | ||
| Q2 24 | 5.4% | — | ||
| Q1 24 | 12.4% | — |
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.2% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 1.0% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 1.2% | — | ||
| Q1 24 | 1.6% | — |
| Q4 25 | 1.69× | 7.34× | ||
| Q3 25 | 1.64× | 1.60× | ||
| Q2 25 | 1.28× | 2.57× | ||
| Q1 25 | 1.24× | -1.37× | ||
| Q4 24 | 1.77× | 3.54× | ||
| Q3 24 | 1.42× | 1.13× | ||
| Q2 24 | 0.60× | 0.85× | ||
| Q1 24 | 1.17× | 0.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BLD
| Distribution Segment | $755.4M | 51% |
| Residential | $557.9M | 38% |
| All Other Products | $91.9M | 6% |
| Glass And Windows | $51.5M | 3% |
| Rain Gutters | $27.1M | 2% |
GPK
| Americas Paperboard Packaging | $1.4B | 68% |
| Other | $667.0M | 32% |
