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Side-by-side financial comparison of Digital Realty (DLR) 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 $1.6B, roughly 1.3× Digital Realty). Digital Realty runs the higher net margin — 6.0% vs 3.4%, a 2.6% gap on every dollar of revenue. On growth, Digital Realty posted the faster year-over-year revenue change (16.1% vs 0.2%). Over the past eight quarters, Digital Realty's revenue compounded faster (9.8% CAGR vs -3.5%).

Digital Realty is a real estate investment trust that owns, operates and invests in carrier-neutral data centers across the world. The company offers data center, colocation, and interconnection services.

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...

DLR vs GPK — Head-to-Head

Bigger by revenue
GPK
GPK
1.3× larger
GPK
$2.1B
$1.6B
DLR
Growing faster (revenue YoY)
DLR
DLR
+15.9% gap
DLR
16.1%
0.2%
GPK
Higher net margin
DLR
DLR
2.6% more per $
DLR
6.0%
3.4%
GPK
Faster 2-yr revenue CAGR
DLR
DLR
Annualised
DLR
9.8%
-3.5%
GPK

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
DLR
DLR
GPK
GPK
Revenue
$1.6B
$2.1B
Net Profit
$98.6M
$71.0M
Gross Margin
14.1%
Operating Margin
6.9%
7.4%
Net Margin
6.0%
3.4%
Revenue YoY
16.1%
0.2%
Net Profit YoY
-10.3%
-48.6%
EPS (diluted)
$0.22
$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
DLR
DLR
GPK
GPK
Q1 26
$1.6B
Q4 25
$1.6B
$2.1B
Q3 25
$1.6B
$2.2B
Q2 25
$1.5B
$2.2B
Q1 25
$1.4B
$2.1B
Q4 24
$1.4B
$2.1B
Q3 24
$1.4B
$2.2B
Q2 24
$1.4B
$2.2B
Net Profit
DLR
DLR
GPK
GPK
Q1 26
$98.6M
Q4 25
$98.6M
$71.0M
Q3 25
$67.8M
$142.0M
Q2 25
$1.0B
$104.0M
Q1 25
$110.0M
$127.0M
Q4 24
$189.6M
$138.0M
Q3 24
$51.2M
$165.0M
Q2 24
$80.2M
$190.0M
Gross Margin
DLR
DLR
GPK
GPK
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%
Operating Margin
DLR
DLR
GPK
GPK
Q1 26
6.9%
Q4 25
6.9%
7.4%
Q3 25
8.8%
10.7%
Q2 25
14.2%
8.8%
Q1 25
13.9%
10.5%
Q4 24
10.1%
11.4%
Q3 24
11.8%
12.6%
Q2 24
0.7%
14.5%
Net Margin
DLR
DLR
GPK
GPK
Q1 26
6.0%
Q4 25
6.0%
3.4%
Q3 25
4.3%
6.5%
Q2 25
69.1%
4.7%
Q1 25
7.8%
6.0%
Q4 24
13.2%
6.6%
Q3 24
3.6%
7.5%
Q2 24
5.9%
8.5%
EPS (diluted)
DLR
DLR
GPK
GPK
Q1 26
$0.22
Q4 25
$0.22
$0.24
Q3 25
$0.15
$0.48
Q2 25
$2.94
$0.34
Q1 25
$0.27
$0.42
Q4 24
$0.50
$0.46
Q3 24
$0.09
$0.55
Q2 24
$0.20
$0.62

Balance Sheet & Financial Strength

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

Metric
DLR
DLR
GPK
GPK
Cash + ST InvestmentsLiquidity on hand
$3.5B
$261.0M
Total DebtLower is stronger
$5.0B
Stockholders' EquityBook value
$22.9B
$3.3B
Total Assets
$49.4B
$11.8B
Debt / EquityLower = less leverage
1.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLR
DLR
GPK
GPK
Q1 26
$3.5B
Q4 25
$3.5B
$261.0M
Q3 25
$3.3B
$120.0M
Q2 25
$3.6B
$120.0M
Q1 25
$2.3B
$129.0M
Q4 24
$3.9B
$157.0M
Q3 24
$2.2B
$126.0M
Q2 24
$2.3B
$125.0M
Total Debt
DLR
DLR
GPK
GPK
Q1 26
Q4 25
$5.0B
Q3 25
$5.5B
Q2 25
$5.4B
Q1 25
$5.7B
Q4 24
$5.1B
Q3 24
$5.4B
Q2 24
$4.9B
Stockholders' Equity
DLR
DLR
GPK
GPK
Q1 26
$22.9B
Q4 25
$22.9B
$3.3B
Q3 25
$23.0B
$3.3B
Q2 25
$22.9B
$3.2B
Q1 25
$21.3B
$3.2B
Q4 24
$21.3B
$3.0B
Q3 24
$21.2B
$3.0B
Q2 24
$20.5B
$2.8B
Total Assets
DLR
DLR
GPK
GPK
Q1 26
$49.4B
Q4 25
$49.4B
$11.8B
Q3 25
$48.7B
$11.9B
Q2 25
$48.7B
$11.8B
Q1 25
$45.1B
$11.5B
Q4 24
$45.3B
$11.1B
Q3 24
$45.3B
$11.2B
Q2 24
$43.6B
$10.8B
Debt / Equity
DLR
DLR
GPK
GPK
Q1 26
Q4 25
1.51×
Q3 25
1.67×
Q2 25
1.68×
Q1 25
1.80×
Q4 24
1.71×
Q3 24
1.79×
Q2 24
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
DLR
DLR
GPK
GPK
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.

Operating Cash Flow
DLR
DLR
GPK
GPK
Q1 26
Q4 25
$719.0M
$521.0M
Q3 25
$652.9M
$227.0M
Q2 25
$641.2M
$267.0M
Q1 25
$399.1M
$-174.0M
Q4 24
$769.5M
$489.0M
Q3 24
$566.5M
$187.0M
Q2 24
$573.2M
$161.0M
Cash Conversion
DLR
DLR
GPK
GPK
Q1 26
Q4 25
7.29×
7.34×
Q3 25
9.63×
1.60×
Q2 25
0.62×
2.57×
Q1 25
3.63×
-1.37×
Q4 24
4.06×
3.54×
Q3 24
11.07×
1.13×
Q2 24
7.15×
0.85×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DLR
DLR

Segment breakdown not available.

GPK
GPK

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

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