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Side-by-side financial comparison of Fabrinet (FN) 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 $1.1B, roughly 1.8× Fabrinet). Fabrinet runs the higher net margin — 9.9% vs 3.4%, a 6.6% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs 0.2%). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% CAGR vs -3.5%).
FabrinetFNEarnings & Financial Report
Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.
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...
FN vs GPK — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $2.1B |
| Net Profit | $112.6M | $71.0M |
| Gross Margin | 12.2% | 14.1% |
| Operating Margin | 10.1% | 7.4% |
| Net Margin | 9.9% | 3.4% |
| Revenue YoY | 35.9% | 0.2% |
| Net Profit YoY | 30.0% | -48.6% |
| EPS (diluted) | $3.11 | $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 | $1.1B | $2.1B | ||
| Q3 25 | $978.1M | $2.2B | ||
| Q2 25 | $909.7M | $2.2B | ||
| Q1 25 | $871.8M | $2.1B | ||
| Q4 24 | $833.6M | $2.1B | ||
| Q3 24 | $804.2M | $2.2B | ||
| Q2 24 | $753.3M | $2.2B | ||
| Q1 24 | $731.5M | $2.3B |
| Q4 25 | $112.6M | $71.0M | ||
| Q3 25 | $95.9M | $142.0M | ||
| Q2 25 | $87.2M | $104.0M | ||
| Q1 25 | $81.3M | $127.0M | ||
| Q4 24 | $86.6M | $138.0M | ||
| Q3 24 | $77.4M | $165.0M | ||
| Q2 24 | $81.1M | $190.0M | ||
| Q1 24 | $80.9M | $165.0M |
| Q4 25 | 12.2% | 14.1% | ||
| Q3 25 | 11.9% | 19.6% | ||
| Q2 25 | 12.2% | 18.7% | ||
| Q1 25 | 11.7% | 20.6% | ||
| Q4 24 | 12.1% | 21.4% | ||
| Q3 24 | 12.3% | 22.3% | ||
| Q2 24 | 12.3% | 21.2% | ||
| Q1 24 | 12.4% | 23.0% |
| Q4 25 | 10.1% | 7.4% | ||
| Q3 25 | 9.6% | 10.7% | ||
| Q2 25 | 9.8% | 8.8% | ||
| Q1 25 | 9.0% | 10.5% | ||
| Q4 24 | 9.5% | 11.4% | ||
| Q3 24 | 9.6% | 12.6% | ||
| Q2 24 | 9.7% | 14.5% | ||
| Q1 24 | 9.7% | 12.4% |
| Q4 25 | 9.9% | 3.4% | ||
| Q3 25 | 9.8% | 6.5% | ||
| Q2 25 | 9.6% | 4.7% | ||
| Q1 25 | 9.3% | 6.0% | ||
| Q4 24 | 10.4% | 6.6% | ||
| Q3 24 | 9.6% | 7.5% | ||
| Q2 24 | 10.8% | 8.5% | ||
| Q1 24 | 11.1% | 7.3% |
| Q4 25 | $3.11 | $0.24 | ||
| Q3 25 | $2.66 | $0.48 | ||
| Q2 25 | $2.41 | $0.34 | ||
| Q1 25 | $2.25 | $0.42 | ||
| Q4 24 | $2.38 | $0.46 | ||
| Q3 24 | $2.13 | $0.55 | ||
| Q2 24 | $2.22 | $0.62 | ||
| Q1 24 | $2.21 | $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 | $960.8M | $261.0M |
| Total DebtLower is stronger | — | $5.0B |
| Stockholders' EquityBook value | $2.2B | $3.3B |
| Total Assets | $3.3B | $11.8B |
| Debt / EquityLower = less leverage | — | 1.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $960.8M | $261.0M | ||
| Q3 25 | $968.8M | $120.0M | ||
| Q2 25 | $934.2M | $120.0M | ||
| Q1 25 | $950.7M | $129.0M | ||
| Q4 24 | $934.6M | $157.0M | ||
| Q3 24 | $908.9M | $126.0M | ||
| Q2 24 | $858.6M | $125.0M | ||
| Q1 24 | $794.0M | $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 | $2.2B | $3.3B | ||
| Q3 25 | $2.1B | $3.3B | ||
| Q2 25 | $2.0B | $3.2B | ||
| Q1 25 | $1.9B | $3.2B | ||
| Q4 24 | $1.8B | $3.0B | ||
| Q3 24 | $1.8B | $3.0B | ||
| Q2 24 | $1.7B | $2.8B | ||
| Q1 24 | $1.7B | $2.9B |
| Q4 25 | $3.3B | $11.8B | ||
| Q3 25 | $3.0B | $11.9B | ||
| Q2 25 | $2.8B | $11.8B | ||
| Q1 25 | $2.6B | $11.5B | ||
| Q4 24 | $2.5B | $11.1B | ||
| Q3 24 | $2.4B | $11.2B | ||
| Q2 24 | $2.3B | $10.8B | ||
| Q1 24 | $2.2B | $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 | $46.3M | $521.0M |
| Free Cash FlowOCF − Capex | $-5.3M | — |
| FCF MarginFCF / Revenue | -0.5% | — |
| Capex IntensityCapex / Revenue | 4.6% | — |
| Cash ConversionOCF / Net Profit | 0.41× | 7.34× |
| TTM Free Cash FlowTrailing 4 quarters | $102.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $46.3M | $521.0M | ||
| Q3 25 | $102.6M | $227.0M | ||
| Q2 25 | $55.1M | $267.0M | ||
| Q1 25 | $74.2M | $-174.0M | ||
| Q4 24 | $115.9M | $489.0M | ||
| Q3 24 | $83.2M | $187.0M | ||
| Q2 24 | $83.1M | $161.0M | ||
| Q1 24 | $100.9M | $3.0M |
| Q4 25 | $-5.3M | — | ||
| Q3 25 | $57.3M | — | ||
| Q2 25 | $4.7M | — | ||
| Q1 25 | $45.7M | — | ||
| Q4 24 | $94.0M | — | ||
| Q3 24 | $62.9M | — | ||
| Q2 24 | $70.4M | — | ||
| Q1 24 | $87.3M | — |
| Q4 25 | -0.5% | — | ||
| Q3 25 | 5.9% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 5.2% | — | ||
| Q4 24 | 11.3% | — | ||
| Q3 24 | 7.8% | — | ||
| Q2 24 | 9.3% | — | ||
| Q1 24 | 11.9% | — |
| Q4 25 | 4.6% | — | ||
| Q3 25 | 4.6% | — | ||
| Q2 25 | 5.5% | — | ||
| Q1 25 | 3.3% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 1.7% | — | ||
| Q1 24 | 1.9% | — |
| Q4 25 | 0.41× | 7.34× | ||
| Q3 25 | 1.07× | 1.60× | ||
| Q2 25 | 0.63× | 2.57× | ||
| Q1 25 | 0.91× | -1.37× | ||
| Q4 24 | 1.34× | 3.54× | ||
| Q3 24 | 1.07× | 1.13× | ||
| Q2 24 | 1.02× | 0.85× | ||
| Q1 24 | 1.25× | 0.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
GPK
| Americas Paperboard Packaging | $1.4B | 68% |
| Other | $667.0M | 32% |
