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Side-by-side financial comparison of EPAM Systems (EPAM) 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 $1.4B, roughly 1.5× EPAM Systems). EPAM Systems runs the higher net margin — 7.8% vs 3.4%, a 4.4% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs 0.2%). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs -3.5%).
EPAM Systems, Inc. is an American company that specializes in software engineering services, digital platform engineering, and digital product design, operating out of Newtown, Pennsylvania. EPAM is a founding member of the MACH Alliance.
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...
EPAM vs GPK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $2.1B |
| Net Profit | $109.4M | $71.0M |
| Gross Margin | 30.1% | 14.1% |
| Operating Margin | 10.6% | 7.4% |
| Net Margin | 7.8% | 3.4% |
| Revenue YoY | 12.8% | 0.2% |
| Net Profit YoY | 5.9% | -48.6% |
| EPS (diluted) | $1.97 | $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 | $1.4B | $2.1B | ||
| Q3 25 | $1.4B | $2.2B | ||
| Q2 25 | $1.4B | $2.2B | ||
| Q1 25 | $1.3B | $2.1B | ||
| Q4 24 | $1.2B | $2.1B | ||
| Q3 24 | $1.2B | $2.2B | ||
| Q2 24 | $1.1B | $2.2B | ||
| Q1 24 | $1.2B | $2.3B |
| Q4 25 | $109.4M | $71.0M | ||
| Q3 25 | $106.8M | $142.0M | ||
| Q2 25 | $88.0M | $104.0M | ||
| Q1 25 | $73.5M | $127.0M | ||
| Q4 24 | $103.3M | $138.0M | ||
| Q3 24 | $136.3M | $165.0M | ||
| Q2 24 | $98.6M | $190.0M | ||
| Q1 24 | $116.2M | $165.0M |
| Q4 25 | 30.1% | 14.1% | ||
| Q3 25 | 29.5% | 19.6% | ||
| Q2 25 | 28.8% | 18.7% | ||
| Q1 25 | 26.9% | 20.6% | ||
| Q4 24 | 30.4% | 21.4% | ||
| Q3 24 | 34.6% | 22.3% | ||
| Q2 24 | 29.3% | 21.2% | ||
| Q1 24 | 28.4% | 23.0% |
| Q4 25 | 10.6% | 7.4% | ||
| Q3 25 | 10.4% | 10.7% | ||
| Q2 25 | 9.3% | 8.8% | ||
| Q1 25 | 7.6% | 10.5% | ||
| Q4 24 | 10.9% | 11.4% | ||
| Q3 24 | 15.2% | 12.6% | ||
| Q2 24 | 10.5% | 14.5% | ||
| Q1 24 | 9.5% | 12.4% |
| Q4 25 | 7.8% | 3.4% | ||
| Q3 25 | 7.7% | 6.5% | ||
| Q2 25 | 6.5% | 4.7% | ||
| Q1 25 | 5.6% | 6.0% | ||
| Q4 24 | 8.3% | 6.6% | ||
| Q3 24 | 11.7% | 7.5% | ||
| Q2 24 | 8.6% | 8.5% | ||
| Q1 24 | 10.0% | 7.3% |
| Q4 25 | $1.97 | $0.24 | ||
| Q3 25 | $1.91 | $0.48 | ||
| Q2 25 | $1.56 | $0.34 | ||
| Q1 25 | $1.28 | $0.42 | ||
| Q4 24 | $1.80 | $0.46 | ||
| Q3 24 | $2.37 | $0.55 | ||
| Q2 24 | $1.70 | $0.62 | ||
| Q1 24 | $1.97 | $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 | $1.3B | $261.0M |
| Total DebtLower is stronger | — | $5.0B |
| Stockholders' EquityBook value | $3.7B | $3.3B |
| Total Assets | $4.9B | $11.8B |
| Debt / EquityLower = less leverage | — | 1.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $261.0M | ||
| Q3 25 | $1.2B | $120.0M | ||
| Q2 25 | $1.0B | $120.0M | ||
| Q1 25 | $1.2B | $129.0M | ||
| Q4 24 | $1.3B | $157.0M | ||
| Q3 24 | $2.1B | $126.0M | ||
| Q2 24 | $1.8B | $125.0M | ||
| Q1 24 | $2.0B | $136.0M |
| 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 | ||
| Q1 24 | — | $4.9B |
| Q4 25 | $3.7B | $3.3B | ||
| Q3 25 | $3.7B | $3.3B | ||
| Q2 25 | $3.7B | $3.2B | ||
| Q1 25 | $3.6B | $3.2B | ||
| Q4 24 | $3.6B | $3.0B | ||
| Q3 24 | $3.6B | $3.0B | ||
| Q2 24 | $3.4B | $2.8B | ||
| Q1 24 | $3.5B | $2.9B |
| Q4 25 | $4.9B | $11.8B | ||
| Q3 25 | $4.8B | $11.9B | ||
| Q2 25 | $4.7B | $11.8B | ||
| Q1 25 | $4.7B | $11.5B | ||
| Q4 24 | $4.8B | $11.1B | ||
| Q3 24 | $4.5B | $11.2B | ||
| Q2 24 | $4.2B | $10.8B | ||
| Q1 24 | $4.4B | $11.3B |
| 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× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $282.9M | $521.0M |
| Free Cash FlowOCF − Capex | $268.1M | — |
| FCF MarginFCF / Revenue | 19.0% | — |
| Capex IntensityCapex / Revenue | 1.1% | — |
| Cash ConversionOCF / Net Profit | 2.59× | 7.34× |
| TTM Free Cash FlowTrailing 4 quarters | $612.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $282.9M | $521.0M | ||
| Q3 25 | $294.7M | $227.0M | ||
| Q2 25 | $53.2M | $267.0M | ||
| Q1 25 | $24.2M | $-174.0M | ||
| Q4 24 | $130.3M | $489.0M | ||
| Q3 24 | $242.0M | $187.0M | ||
| Q2 24 | $57.0M | $161.0M | ||
| Q1 24 | $129.9M | $3.0M |
| Q4 25 | $268.1M | — | ||
| Q3 25 | $286.4M | — | ||
| Q2 25 | $43.4M | — | ||
| Q1 25 | $14.8M | — | ||
| Q4 24 | $114.5M | — | ||
| Q3 24 | $237.0M | — | ||
| Q2 24 | $52.3M | — | ||
| Q1 24 | $123.2M | — |
| Q4 25 | 19.0% | — | ||
| Q3 25 | 20.5% | — | ||
| Q2 25 | 3.2% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 9.2% | — | ||
| Q3 24 | 20.3% | — | ||
| Q2 24 | 4.6% | — | ||
| Q1 24 | 10.6% | — |
| Q4 25 | 1.1% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | 0.6% | — |
| Q4 25 | 2.59× | 7.34× | ||
| Q3 25 | 2.76× | 1.60× | ||
| Q2 25 | 0.60× | 2.57× | ||
| Q1 25 | 0.33× | -1.37× | ||
| Q4 24 | 1.26× | 3.54× | ||
| Q3 24 | 1.77× | 1.13× | ||
| Q2 24 | 0.58× | 0.85× | ||
| Q1 24 | 1.12× | 0.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EPAM
Segment breakdown not available.
GPK
| Americas Paperboard Packaging | $1.4B | 68% |
| Other | $667.0M | 32% |
