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Side-by-side financial comparison of Cincinnati Financial (CINF) and GRAPHIC PACKAGING HOLDING CO (GPK). Click either name above to swap in a different company.
Cincinnati Financial is the larger business by last-quarter revenue ($2.8B vs $2.1B, roughly 1.3× GRAPHIC PACKAGING HOLDING CO). Cincinnati Financial runs the higher net margin — 9.6% vs 3.4%, a 6.2% gap on every dollar of revenue. On growth, GRAPHIC PACKAGING HOLDING CO posted the faster year-over-year revenue change (0.2% vs -1.7%). Over the past eight quarters, Cincinnati Financial's revenue compounded faster (5.2% CAGR vs -3.5%).
Cincinnati Financial Corporation offers property and casualty insurance, its main business, through The Cincinnati Insurance Company, The Cincinnati Indemnity Company and The Cincinnati Casualty Company. The company has 1.01% of the domestic property and casualty insurance premiums, which ranks it as the 20th largest insurance company by market share in the U.S.
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...
CINF vs GPK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.8B | $2.1B |
| Net Profit | $274.0M | $71.0M |
| Gross Margin | — | 14.1% |
| Operating Margin | — | 7.4% |
| Net Margin | 9.6% | 3.4% |
| Revenue YoY | -1.7% | 0.2% |
| Net Profit YoY | 404.4% | -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.
| Q1 26 | $2.8B | — | ||
| Q4 25 | $3.1B | $2.1B | ||
| Q3 25 | $3.7B | $2.2B | ||
| Q2 25 | $3.2B | $2.2B | ||
| Q1 25 | $2.6B | $2.1B | ||
| Q4 24 | $2.5B | $2.1B | ||
| Q3 24 | $3.3B | $2.2B | ||
| Q2 24 | $2.5B | $2.2B |
| Q1 26 | $274.0M | — | ||
| Q4 25 | $676.0M | $71.0M | ||
| Q3 25 | $1.1B | $142.0M | ||
| Q2 25 | $685.0M | $104.0M | ||
| Q1 25 | $-90.0M | $127.0M | ||
| Q4 24 | $405.0M | $138.0M | ||
| Q3 24 | $820.0M | $165.0M | ||
| Q2 24 | $312.0M | $190.0M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 27.2% | 7.4% | ||
| Q3 25 | 37.9% | 10.7% | ||
| Q2 25 | 26.3% | 8.8% | ||
| Q1 25 | -5.0% | 10.5% | ||
| Q4 24 | 18.9% | 11.4% | ||
| Q3 24 | 31.3% | 12.6% | ||
| Q2 24 | 15.2% | 14.5% |
| Q1 26 | 9.6% | — | ||
| Q4 25 | 21.9% | 3.4% | ||
| Q3 25 | 30.1% | 6.5% | ||
| Q2 25 | 21.1% | 4.7% | ||
| Q1 25 | -3.5% | 6.0% | ||
| Q4 24 | 16.0% | 6.6% | ||
| Q3 24 | 24.7% | 7.5% | ||
| Q2 24 | 12.3% | 8.5% |
| Q1 26 | — | — | ||
| Q4 25 | $4.29 | $0.24 | ||
| Q3 25 | $7.11 | $0.48 | ||
| Q2 25 | $4.34 | $0.34 | ||
| Q1 25 | $-0.57 | $0.42 | ||
| Q4 24 | $2.57 | $0.46 | ||
| Q3 24 | $5.20 | $0.55 | ||
| Q2 24 | $1.98 | $0.62 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.2B | $261.0M |
| Total DebtLower is stronger | $816.0M | $5.0B |
| Stockholders' EquityBook value | $15.7B | $3.3B |
| Total Assets | $41.2B | $11.8B |
| Debt / EquityLower = less leverage | 0.05× | 1.51× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.2B | — | ||
| Q4 25 | $148.0M | $261.0M | ||
| Q3 25 | $1.6B | $120.0M | ||
| Q2 25 | $1.1B | $120.0M | ||
| Q1 25 | $1.1B | $129.0M | ||
| Q4 24 | $1.3B | $157.0M | ||
| Q3 24 | $1.8B | $126.0M | ||
| Q2 24 | $771.0M | $125.0M |
| Q1 26 | $816.0M | — | ||
| Q4 25 | $861.0M | $5.0B | ||
| Q3 25 | $858.0M | $5.5B | ||
| Q2 25 | $859.0M | $5.4B | ||
| Q1 25 | $853.0M | $5.7B | ||
| Q4 24 | $850.0M | $5.1B | ||
| Q3 24 | $849.0M | $5.4B | ||
| Q2 24 | $849.0M | $4.9B |
| Q1 26 | $15.7B | — | ||
| Q4 25 | $15.9B | $3.3B | ||
| Q3 25 | $15.4B | $3.3B | ||
| Q2 25 | $14.3B | $3.2B | ||
| Q1 25 | $13.7B | $3.2B | ||
| Q4 24 | $13.9B | $3.0B | ||
| Q3 24 | $13.8B | $3.0B | ||
| Q2 24 | $12.8B | $2.8B |
| Q1 26 | $41.2B | — | ||
| Q4 25 | $41.0B | $11.8B | ||
| Q3 25 | $40.6B | $11.9B | ||
| Q2 25 | $38.8B | $11.8B | ||
| Q1 25 | $37.3B | $11.5B | ||
| Q4 24 | $36.5B | $11.1B | ||
| Q3 24 | $37.0B | $11.2B | ||
| Q2 24 | $34.8B | $10.8B |
| Q1 26 | 0.05× | — | ||
| Q4 25 | 0.05× | 1.51× | ||
| Q3 25 | 0.06× | 1.67× | ||
| Q2 25 | 0.06× | 1.68× | ||
| Q1 25 | 0.06× | 1.80× | ||
| Q4 24 | 0.06× | 1.71× | ||
| Q3 24 | 0.06× | 1.79× | ||
| Q2 24 | 0.07× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $521.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 7.34× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $947.0M | $521.0M | ||
| Q3 25 | $1.1B | $227.0M | ||
| Q2 25 | $741.0M | $267.0M | ||
| Q1 25 | $310.0M | $-174.0M | ||
| Q4 24 | $642.0M | $489.0M | ||
| Q3 24 | $912.0M | $187.0M | ||
| Q2 24 | $742.0M | $161.0M |
| Q1 26 | — | — | ||
| Q4 25 | $939.0M | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $737.0M | — | ||
| Q1 25 | $307.0M | — | ||
| Q4 24 | $638.0M | — | ||
| Q3 24 | $906.0M | — | ||
| Q2 24 | $737.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | 30.4% | — | ||
| Q3 25 | 29.8% | — | ||
| Q2 25 | 22.7% | — | ||
| Q1 25 | 12.0% | — | ||
| Q4 24 | 25.1% | — | ||
| Q3 24 | 27.3% | — | ||
| Q2 24 | 29.0% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.40× | 7.34× | ||
| Q3 25 | 0.99× | 1.60× | ||
| Q2 25 | 1.08× | 2.57× | ||
| Q1 25 | — | -1.37× | ||
| Q4 24 | 1.59× | 3.54× | ||
| Q3 24 | 1.11× | 1.13× | ||
| Q2 24 | 2.38× | 0.85× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CINF
| Property casualty | $2.6B | 93% |
| Life | $105.0M | 4% |
| Other | $92.0M | 3% |
| Fee revenues | $1.0M | 0% |
GPK
| Americas Paperboard Packaging | $1.4B | 68% |
| Other | $667.0M | 32% |
