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Side-by-side financial comparison of Celanese Corp (CE) and GRAPHIC PACKAGING HOLDING CO (GPK). Click either name above to swap in a different company.
Celanese Corp is the larger business by last-quarter revenue ($2.2B vs $2.1B, roughly 1.1× GRAPHIC PACKAGING HOLDING CO). GRAPHIC PACKAGING HOLDING CO runs the higher net margin — 3.4% vs 0.6%, a 2.8% gap on every dollar of revenue. On growth, GRAPHIC PACKAGING HOLDING CO posted the faster year-over-year revenue change (0.2% vs -7.0%). Over the past eight quarters, GRAPHIC PACKAGING HOLDING CO's revenue compounded faster (-3.5% CAGR vs -8.1%).
Celanese Corporation, formerly known as Hoechst Celanese, is an American technology and specialty materials company headquartered in Irving, Texas. It is a Fortune 500 corporation. The company is the world's leading producer of acetic acid, producing about 1.95 million tonnes per year, representing approximately 20% of global production. Celanese is also the world's largest producer of vinyl acetate monomer (VAM).
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...
CE vs GPK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $2.1B |
| Net Profit | $14.0M | $71.0M |
| Gross Margin | 19.1% | 14.1% |
| Operating Margin | 4.0% | 7.4% |
| Net Margin | 0.6% | 3.4% |
| Revenue YoY | -7.0% | 0.2% |
| Net Profit YoY | 100.7% | -48.6% |
| EPS (diluted) | $0.13 | $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 | $2.4B | $2.2B | ||
| Q2 25 | $2.5B | $2.2B | ||
| Q1 25 | $2.4B | $2.1B | ||
| Q4 24 | $2.4B | $2.1B | ||
| Q3 24 | $2.6B | $2.2B | ||
| Q2 24 | $2.7B | $2.2B | ||
| Q1 24 | $2.6B | $2.3B |
| Q4 25 | $14.0M | $71.0M | ||
| Q3 25 | $-1.4B | $142.0M | ||
| Q2 25 | $199.0M | $104.0M | ||
| Q1 25 | $-21.0M | $127.0M | ||
| Q4 24 | $-1.9B | $138.0M | ||
| Q3 24 | $116.0M | $165.0M | ||
| Q2 24 | $155.0M | $190.0M | ||
| Q1 24 | $121.0M | $165.0M |
| Q4 25 | 19.1% | 14.1% | ||
| Q3 25 | 21.5% | 19.6% | ||
| Q2 25 | 21.1% | 18.7% | ||
| Q1 25 | 19.9% | 20.6% | ||
| Q4 24 | 22.7% | 21.4% | ||
| Q3 24 | 23.5% | 22.3% | ||
| Q2 24 | 24.2% | 21.2% | ||
| Q1 24 | 21.2% | 23.0% |
| Q4 25 | 4.0% | 7.4% | ||
| Q3 25 | -52.7% | 10.7% | ||
| Q2 25 | 9.2% | 8.8% | ||
| Q1 25 | 7.0% | 10.5% | ||
| Q4 24 | -59.3% | 11.4% | ||
| Q3 24 | 9.4% | 12.6% | ||
| Q2 24 | 9.4% | 14.5% | ||
| Q1 24 | 8.0% | 12.4% |
| Q4 25 | 0.6% | 3.4% | ||
| Q3 25 | -56.1% | 6.5% | ||
| Q2 25 | 7.9% | 4.7% | ||
| Q1 25 | -0.9% | 6.0% | ||
| Q4 24 | -80.8% | 6.6% | ||
| Q3 24 | 4.4% | 7.5% | ||
| Q2 24 | 5.8% | 8.5% | ||
| Q1 24 | 4.6% | 7.3% |
| Q4 25 | $0.13 | $0.24 | ||
| Q3 25 | $-12.39 | $0.48 | ||
| Q2 25 | $1.81 | $0.34 | ||
| Q1 25 | $-0.19 | $0.42 | ||
| Q4 24 | $-17.50 | $0.46 | ||
| Q3 24 | $1.06 | $0.55 | ||
| Q2 24 | $1.41 | $0.62 | ||
| Q1 24 | $1.10 | $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 | — | $261.0M |
| Total DebtLower is stronger | $11.4B | $5.0B |
| Stockholders' EquityBook value | $4.0B | $3.3B |
| Total Assets | $21.7B | $11.8B |
| Debt / EquityLower = less leverage | 2.81× | 1.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $261.0M | ||
| Q3 25 | — | $120.0M | ||
| Q2 25 | — | $120.0M | ||
| Q1 25 | — | $129.0M | ||
| Q4 24 | — | $157.0M | ||
| Q3 24 | — | $126.0M | ||
| Q2 24 | — | $125.0M | ||
| Q1 24 | — | $136.0M |
| Q4 25 | $11.4B | $5.0B | ||
| Q3 25 | $11.7B | $5.5B | ||
| Q2 25 | $12.7B | $5.4B | ||
| Q1 25 | $12.4B | $5.7B | ||
| Q4 24 | $11.1B | $5.1B | ||
| Q3 24 | $11.3B | $5.4B | ||
| Q2 24 | $11.1B | $4.9B | ||
| Q1 24 | $11.0B | $4.9B |
| Q4 25 | $4.0B | $3.3B | ||
| Q3 25 | $4.0B | $3.3B | ||
| Q2 25 | $5.3B | $3.2B | ||
| Q1 25 | $5.2B | $3.2B | ||
| Q4 24 | $5.2B | $3.0B | ||
| Q3 24 | $7.3B | $3.0B | ||
| Q2 24 | $7.2B | $2.8B | ||
| Q1 24 | $7.1B | $2.9B |
| Q4 25 | $21.7B | $11.8B | ||
| Q3 25 | $22.2B | $11.9B | ||
| Q2 25 | $23.7B | $11.8B | ||
| Q1 25 | $23.2B | $11.5B | ||
| Q4 24 | $22.9B | $11.1B | ||
| Q3 24 | $25.9B | $11.2B | ||
| Q2 24 | $25.8B | $10.8B | ||
| Q1 24 | $26.0B | $11.3B |
| Q4 25 | 2.81× | 1.51× | ||
| Q3 25 | 2.95× | 1.67× | ||
| Q2 25 | 2.41× | 1.68× | ||
| Q1 25 | 2.39× | 1.80× | ||
| Q4 24 | 2.14× | 1.71× | ||
| Q3 24 | 1.56× | 1.79× | ||
| Q2 24 | 1.54× | 1.75× | ||
| Q1 24 | 1.56× | 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 | $252.0M | $521.0M |
| Free Cash FlowOCF − Capex | $168.0M | — |
| FCF MarginFCF / Revenue | 7.6% | — |
| Capex IntensityCapex / Revenue | 3.8% | — |
| Cash ConversionOCF / Net Profit | 18.00× | 7.34× |
| TTM Free Cash FlowTrailing 4 quarters | $803.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $252.0M | $521.0M | ||
| Q3 25 | $447.0M | $227.0M | ||
| Q2 25 | $410.0M | $267.0M | ||
| Q1 25 | $37.0M | $-174.0M | ||
| Q4 24 | $494.0M | $489.0M | ||
| Q3 24 | $79.0M | $187.0M | ||
| Q2 24 | $292.0M | $161.0M | ||
| Q1 24 | $101.0M | $3.0M |
| Q4 25 | $168.0M | — | ||
| Q3 25 | $383.0M | — | ||
| Q2 25 | $317.0M | — | ||
| Q1 25 | $-65.0M | — | ||
| Q4 24 | $389.0M | — | ||
| Q3 24 | $-9.0M | — | ||
| Q2 24 | $187.0M | — | ||
| Q1 24 | $-36.0M | — |
| Q4 25 | 7.6% | — | ||
| Q3 25 | 15.8% | — | ||
| Q2 25 | 12.5% | — | ||
| Q1 25 | -2.7% | — | ||
| Q4 24 | 16.4% | — | ||
| Q3 24 | -0.3% | — | ||
| Q2 24 | 7.1% | — | ||
| Q1 24 | -1.4% | — |
| Q4 25 | 3.8% | — | ||
| Q3 25 | 2.6% | — | ||
| Q2 25 | 3.7% | — | ||
| Q1 25 | 4.3% | — | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 3.3% | — | ||
| Q2 24 | 4.0% | — | ||
| Q1 24 | 5.2% | — |
| Q4 25 | 18.00× | 7.34× | ||
| Q3 25 | — | 1.60× | ||
| Q2 25 | 2.06× | 2.57× | ||
| Q1 25 | — | -1.37× | ||
| Q4 24 | — | 3.54× | ||
| Q3 24 | 0.68× | 1.13× | ||
| Q2 24 | 1.88× | 0.85× | ||
| Q1 24 | 0.83× | 0.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CE
| Engineered Materials | $1.3B | 58% |
| Acetyl Chain | $940.0M | 43% |
GPK
| Americas Paperboard Packaging | $1.4B | 68% |
| Other | $667.0M | 32% |
