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Side-by-side financial comparison of CVR ENERGY INC (CVI) 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 $1.8B, roughly 1.2× CVR ENERGY INC). GRAPHIC PACKAGING HOLDING CO runs the higher net margin — 3.4% vs -6.1%, a 9.5% 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, CVR ENERGY INC's revenue compounded faster (-1.4% CAGR vs -3.5%).
CVR Energy Inc is a United States-based energy holding company operating two core segments: petroleum refining and nitrogen fertilizer manufacturing. It produces a wide range of products including gasoline, diesel, jet fuel, and agricultural fertilizers, primarily serving commercial, industrial and agricultural customers across North America.
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...
CVI vs GPK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.8B | $2.1B |
| Net Profit | $-110.0M | $71.0M |
| Gross Margin | -3.1% | 14.1% |
| Operating Margin | -5.3% | 7.4% |
| Net Margin | -6.1% | 3.4% |
| Revenue YoY | -7.0% | 0.2% |
| Net Profit YoY | -492.9% | -48.6% |
| EPS (diluted) | $-1.09 | $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 | $1.8B | $2.1B | ||
| Q3 25 | $1.9B | $2.2B | ||
| Q2 25 | $1.8B | $2.2B | ||
| Q1 25 | $1.6B | $2.1B | ||
| Q4 24 | $1.9B | $2.1B | ||
| Q3 24 | $1.8B | $2.2B | ||
| Q2 24 | $2.0B | $2.2B | ||
| Q1 24 | $1.9B | $2.3B |
| Q4 25 | $-110.0M | $71.0M | ||
| Q3 25 | $374.0M | $142.0M | ||
| Q2 25 | $-114.0M | $104.0M | ||
| Q1 25 | $-123.0M | $127.0M | ||
| Q4 24 | $28.0M | $138.0M | ||
| Q3 24 | $-124.0M | $165.0M | ||
| Q2 24 | $21.0M | $190.0M | ||
| Q1 24 | $82.0M | $165.0M |
| Q4 25 | -3.1% | 14.1% | ||
| Q3 25 | 28.8% | 19.6% | ||
| Q2 25 | -3.7% | 18.7% | ||
| Q1 25 | -5.5% | 20.6% | ||
| Q4 24 | 3.0% | 21.4% | ||
| Q3 24 | -3.9% | 22.3% | ||
| Q2 24 | 2.9% | 21.2% | ||
| Q1 24 | 8.6% | 23.0% |
| Q4 25 | -5.3% | 7.4% | ||
| Q3 25 | 26.3% | 10.7% | ||
| Q2 25 | -5.8% | 8.8% | ||
| Q1 25 | -8.0% | 10.5% | ||
| Q4 24 | 1.1% | 11.4% | ||
| Q3 24 | -6.2% | 12.6% | ||
| Q2 24 | 1.4% | 14.5% | ||
| Q1 24 | 6.6% | 12.4% |
| Q4 25 | -6.1% | 3.4% | ||
| Q3 25 | 19.2% | 6.5% | ||
| Q2 25 | -6.5% | 4.7% | ||
| Q1 25 | -7.5% | 6.0% | ||
| Q4 24 | 1.4% | 6.6% | ||
| Q3 24 | -6.8% | 7.5% | ||
| Q2 24 | 1.1% | 8.5% | ||
| Q1 24 | 4.4% | 7.3% |
| Q4 25 | $-1.09 | $0.24 | ||
| Q3 25 | $3.72 | $0.48 | ||
| Q2 25 | $-1.14 | $0.34 | ||
| Q1 25 | $-1.22 | $0.42 | ||
| Q4 24 | $0.28 | $0.46 | ||
| Q3 24 | $-1.24 | $0.55 | ||
| Q2 24 | $0.21 | $0.62 | ||
| Q1 24 | $0.81 | $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 | $511.0M | $261.0M |
| Total DebtLower is stronger | $1.8B | $5.0B |
| Stockholders' EquityBook value | $730.0M | $3.3B |
| Total Assets | $3.7B | $11.8B |
| Debt / EquityLower = less leverage | 2.40× | 1.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $511.0M | $261.0M | ||
| Q3 25 | $670.0M | $120.0M | ||
| Q2 25 | $596.0M | $120.0M | ||
| Q1 25 | $695.0M | $129.0M | ||
| Q4 24 | $987.0M | $157.0M | ||
| Q3 24 | $534.0M | $126.0M | ||
| Q2 24 | $586.0M | $125.0M | ||
| Q1 24 | $644.0M | $136.0M |
| Q4 25 | $1.8B | $5.0B | ||
| Q3 25 | $1.8B | $5.5B | ||
| Q2 25 | $1.8B | $5.4B | ||
| Q1 25 | $1.9B | $5.7B | ||
| Q4 24 | $1.9B | $5.1B | ||
| Q3 24 | $1.6B | $5.4B | ||
| Q2 24 | $1.6B | $4.9B | ||
| Q1 24 | $1.6B | $4.9B |
| Q4 25 | $730.0M | $3.3B | ||
| Q3 25 | $840.0M | $3.3B | ||
| Q2 25 | $466.0M | $3.2B | ||
| Q1 25 | $580.0M | $3.2B | ||
| Q4 24 | $703.0M | $3.0B | ||
| Q3 24 | $675.0M | $3.0B | ||
| Q2 24 | $849.0M | $2.8B | ||
| Q1 24 | $879.0M | $2.9B |
| Q4 25 | $3.7B | $11.8B | ||
| Q3 25 | $4.0B | $11.9B | ||
| Q2 25 | $4.0B | $11.8B | ||
| Q1 25 | $4.3B | $11.5B | ||
| Q4 24 | $4.3B | $11.1B | ||
| Q3 24 | $3.9B | $11.2B | ||
| Q2 24 | $4.0B | $10.8B | ||
| Q1 24 | $4.1B | $11.3B |
| Q4 25 | 2.40× | 1.51× | ||
| Q3 25 | 2.17× | 1.67× | ||
| Q2 25 | 3.97× | 1.68× | ||
| Q1 25 | 3.29× | 1.80× | ||
| Q4 24 | 2.71× | 1.71× | ||
| Q3 24 | 2.33× | 1.79× | ||
| Q2 24 | 1.86× | 1.75× | ||
| Q1 24 | 1.79× | 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 | $0 | $521.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 3.0% | — |
| Cash ConversionOCF / Net Profit | — | 7.34× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $0 | $521.0M | ||
| Q3 25 | $163.0M | $227.0M | ||
| Q2 25 | $176.0M | $267.0M | ||
| Q1 25 | $-195.0M | $-174.0M | ||
| Q4 24 | $98.0M | $489.0M | ||
| Q3 24 | $48.0M | $187.0M | ||
| Q2 24 | $81.0M | $161.0M | ||
| Q1 24 | $177.0M | $3.0M |
| Q4 25 | — | — | ||
| Q3 25 | $125.0M | — | ||
| Q2 25 | $135.0M | — | ||
| Q1 25 | $-246.0M | — | ||
| Q4 24 | $43.0M | — | ||
| Q3 24 | $14.0M | — | ||
| Q2 24 | $38.0M | — | ||
| Q1 24 | $130.0M | — |
| Q4 25 | — | — | ||
| Q3 25 | 6.4% | — | ||
| Q2 25 | 7.7% | — | ||
| Q1 25 | -14.9% | — | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 0.8% | — | ||
| Q2 24 | 1.9% | — | ||
| Q1 24 | 7.0% | — |
| Q4 25 | 3.0% | — | ||
| Q3 25 | 2.0% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | 3.1% | — | ||
| Q4 24 | 2.8% | — | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 2.5% | — |
| Q4 25 | — | 7.34× | ||
| Q3 25 | 0.44× | 1.60× | ||
| Q2 25 | — | 2.57× | ||
| Q1 25 | — | -1.37× | ||
| Q4 24 | 3.50× | 3.54× | ||
| Q3 24 | — | 1.13× | ||
| Q2 24 | 3.86× | 0.85× | ||
| Q1 24 | 2.16× | 0.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CVI
| Petroleum Segment | $1.6B | 91% |
| Product UAN | $64.0M | 4% |
| Product Ammonia | $51.0M | 3% |
| Renewables Diesel | $27.0M | 1% |
| Product Urea Products | $8.0M | 0% |
| Renewable Fuel Credits | $7.0M | 0% |
GPK
| Americas Paperboard Packaging | $1.4B | 68% |
| Other | $667.0M | 32% |
