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Side-by-side financial comparison of DSS, INC. (DSS) 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 $4.1M, roughly 507.8× DSS, INC.). GRAPHIC PACKAGING HOLDING CO runs the higher net margin — 3.4% vs -420.6%, a 424.0% gap on every dollar of revenue. On growth, GRAPHIC PACKAGING HOLDING CO posted the faster year-over-year revenue change (0.2% vs -23.8%). Over the past eight quarters, DSS, INC.'s revenue compounded faster (3.2% CAGR vs -3.5%).

DSS, Inc. is a diversified technology company offering product authentication solutions, secure identification services, blockchain-based innovation, digital asset management tools, and healthcare technology products. It primarily serves North American, Asian, and European markets across consumer goods, financial services, and healthcare core segments.

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...

DSS vs GPK — Head-to-Head

Bigger by revenue
GPK
GPK
507.8× larger
GPK
$2.1B
$4.1M
DSS
Growing faster (revenue YoY)
GPK
GPK
+24.1% gap
GPK
0.2%
-23.8%
DSS
Higher net margin
GPK
GPK
424.0% more per $
GPK
3.4%
-420.6%
DSS
Faster 2-yr revenue CAGR
DSS
DSS
Annualised
DSS
3.2%
-3.5%
GPK

Income Statement — Q4 2025 vs Q4 2025

Metric
DSS
DSS
GPK
GPK
Revenue
$4.1M
$2.1B
Net Profit
$-17.4M
$71.0M
Gross Margin
14.1%
Operating Margin
-98.1%
7.4%
Net Margin
-420.6%
3.4%
Revenue YoY
-23.8%
0.2%
Net Profit YoY
47.2%
-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.

Revenue
DSS
DSS
GPK
GPK
Q4 25
$4.1M
$2.1B
Q3 25
$6.4M
$2.2B
Q2 25
$5.3M
$2.2B
Q1 25
$5.0M
$2.1B
Q4 24
$5.4M
$2.1B
Q3 24
$5.6M
$2.2B
Q2 24
$4.2M
$2.2B
Q1 24
$3.9M
$2.3B
Net Profit
DSS
DSS
GPK
GPK
Q4 25
$-17.4M
$71.0M
Q3 25
$-2.2M
$142.0M
Q2 25
$-2.6M
$104.0M
Q1 25
$-5.3M
$127.0M
Q4 24
$-32.9M
$138.0M
Q3 24
$-5.3M
$165.0M
Q2 24
$-4.7M
$190.0M
Q1 24
$-4.1M
$165.0M
Gross Margin
DSS
DSS
GPK
GPK
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 24
23.0%
Operating Margin
DSS
DSS
GPK
GPK
Q4 25
-98.1%
7.4%
Q3 25
-50.6%
10.7%
Q2 25
-64.8%
8.8%
Q1 25
-75.2%
10.5%
Q4 24
-522.7%
11.4%
Q3 24
-83.4%
12.6%
Q2 24
-117.2%
14.5%
Q1 24
-120.9%
12.4%
Net Margin
DSS
DSS
GPK
GPK
Q4 25
-420.6%
3.4%
Q3 25
-34.9%
6.5%
Q2 25
-49.3%
4.7%
Q1 25
-106.9%
6.0%
Q4 24
-606.7%
6.6%
Q3 24
-94.4%
7.5%
Q2 24
-111.2%
8.5%
Q1 24
-105.2%
7.3%
EPS (diluted)
DSS
DSS
GPK
GPK
Q4 25
$0.24
Q3 25
$0.48
Q2 25
$0.34
Q1 25
$0.42
Q4 24
$-4.64
$0.46
Q3 24
$-0.75
$0.55
Q2 24
$-0.66
$0.62
Q1 24
$-0.58
$0.53

Balance Sheet & Financial Strength

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

Metric
DSS
DSS
GPK
GPK
Cash + ST InvestmentsLiquidity on hand
$8.9M
$261.0M
Total DebtLower is stronger
$44.7M
$5.0B
Stockholders' EquityBook value
$-832.0K
$3.3B
Total Assets
$67.6M
$11.8B
Debt / EquityLower = less leverage
1.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DSS
DSS
GPK
GPK
Q4 25
$8.9M
$261.0M
Q3 25
$8.7M
$120.0M
Q2 25
$12.4M
$120.0M
Q1 25
$17.3M
$129.0M
Q4 24
$14.3M
$157.0M
Q3 24
$18.9M
$126.0M
Q2 24
$20.3M
$125.0M
Q1 24
$17.7M
$136.0M
Total Debt
DSS
DSS
GPK
GPK
Q4 25
$44.7M
$5.0B
Q3 25
$50.2M
$5.5B
Q2 25
$43.9M
$5.4B
Q1 25
$49.3M
$5.7B
Q4 24
$57.2M
$5.1B
Q3 24
$5.4B
Q2 24
$4.9B
Q1 24
$4.9B
Stockholders' Equity
DSS
DSS
GPK
GPK
Q4 25
$-832.0K
$3.3B
Q3 25
$14.2M
$3.3B
Q2 25
$15.7M
$3.2B
Q1 25
$17.9M
$3.2B
Q4 24
$19.9M
$3.0B
Q3 24
$52.1M
$3.0B
Q2 24
$55.2M
$2.8B
Q1 24
$59.9M
$2.9B
Total Assets
DSS
DSS
GPK
GPK
Q4 25
$67.6M
$11.8B
Q3 25
$92.1M
$11.9B
Q2 25
$93.4M
$11.8B
Q1 25
$92.4M
$11.5B
Q4 24
$106.5M
$11.1B
Q3 24
$142.7M
$11.2B
Q2 24
$144.4M
$10.8B
Q1 24
$148.5M
$11.3B
Debt / Equity
DSS
DSS
GPK
GPK
Q4 25
1.51×
Q3 25
3.54×
1.67×
Q2 25
2.80×
1.68×
Q1 25
2.76×
1.80×
Q4 24
2.87×
1.71×
Q3 24
1.79×
Q2 24
1.75×
Q1 24
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
DSS
DSS
GPK
GPK
Operating Cash FlowLast quarter
$-1.6M
$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
DSS
DSS
GPK
GPK
Q4 25
$-1.6M
$521.0M
Q3 25
$-8.0M
$227.0M
Q2 25
$2.1M
$267.0M
Q1 25
$-1.6M
$-174.0M
Q4 24
$-2.9M
$489.0M
Q3 24
$-315.0K
$187.0M
Q2 24
$-3.4M
$161.0M
Q1 24
$-2.1M
$3.0M
Free Cash Flow
DSS
DSS
GPK
GPK
Q4 25
Q3 25
$-8.1M
Q2 25
$2.0M
Q1 25
$-1.7M
Q4 24
$-3.0M
Q3 24
Q2 24
$-3.5M
Q1 24
$-2.2M
FCF Margin
DSS
DSS
GPK
GPK
Q4 25
Q3 25
-126.5%
Q2 25
37.4%
Q1 25
-34.1%
Q4 24
-54.9%
Q3 24
Q2 24
-81.9%
Q1 24
-55.6%
Capex Intensity
DSS
DSS
GPK
GPK
Q4 25
Q3 25
1.3%
Q2 25
1.7%
Q1 25
1.0%
Q4 24
1.9%
Q3 24
0.0%
Q2 24
0.6%
Q1 24
0.1%
Cash Conversion
DSS
DSS
GPK
GPK
Q4 25
7.34×
Q3 25
1.60×
Q2 25
2.57×
Q1 25
-1.37×
Q4 24
3.54×
Q3 24
1.13×
Q2 24
0.85×
Q1 24
0.02×

Financial Flow Comparison

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

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