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Side-by-side financial comparison of Fortive (FTV) 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 2.0× Fortive). Fortive runs the higher net margin — 12.8% vs 3.4%, a 9.4% gap on every dollar of revenue. On growth, Fortive posted the faster year-over-year revenue change (7.7% vs 0.2%). Over the past eight quarters, GRAPHIC PACKAGING HOLDING CO's revenue compounded faster (-3.5% CAGR vs -17.0%).
Fortive Corporation is an American industrial technology conglomerate company headquartered in Everett, Washington. The company specializes in providing essential technologies for connected workflow solutions; designing, developing, manufacturing and distributing professional and engineered products, software and services. Their products and services are split into three strategic segments; Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. As of Decem...
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...
FTV vs GPK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $2.1B |
| Net Profit | $136.4M | $71.0M |
| Gross Margin | 63.2% | 14.1% |
| Operating Margin | 17.9% | 7.4% |
| Net Margin | 12.8% | 3.4% |
| Revenue YoY | 7.7% | 0.2% |
| Net Profit YoY | 21.1% | -48.6% |
| EPS (diluted) | $0.44 | $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.
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $2.1B | ||
| Q3 25 | $1.0B | $2.2B | ||
| Q2 25 | $1.5B | $2.2B | ||
| Q1 25 | $1.5B | $2.1B | ||
| Q4 24 | $1.6B | $2.1B | ||
| Q3 24 | $1.5B | $2.2B | ||
| Q2 24 | $1.6B | $2.2B |
| Q1 26 | $136.4M | — | ||
| Q4 25 | $185.7M | $71.0M | ||
| Q3 25 | $55.0M | $142.0M | ||
| Q2 25 | $166.6M | $104.0M | ||
| Q1 25 | $171.9M | $127.0M | ||
| Q4 24 | $208.8M | $138.0M | ||
| Q3 24 | $221.6M | $165.0M | ||
| Q2 24 | $195.1M | $190.0M |
| Q1 26 | 63.2% | — | ||
| Q4 25 | 63.2% | 14.1% | ||
| Q3 25 | 63.2% | 19.6% | ||
| Q2 25 | 59.0% | 18.7% | ||
| Q1 25 | 59.8% | 20.6% | ||
| Q4 24 | 60.3% | 21.4% | ||
| Q3 24 | 60.0% | 22.3% | ||
| Q2 24 | 59.8% | 21.2% |
| Q1 26 | 17.9% | — | ||
| Q4 25 | 20.1% | 7.4% | ||
| Q3 25 | 15.5% | 10.7% | ||
| Q2 25 | 14.6% | 8.8% | ||
| Q1 25 | 15.8% | 10.5% | ||
| Q4 24 | 19.0% | 11.4% | ||
| Q3 24 | 19.3% | 12.6% | ||
| Q2 24 | 19.4% | 14.5% |
| Q1 26 | 12.8% | — | ||
| Q4 25 | 16.5% | 3.4% | ||
| Q3 25 | 5.4% | 6.5% | ||
| Q2 25 | 11.0% | 4.7% | ||
| Q1 25 | 11.7% | 6.0% | ||
| Q4 24 | 12.9% | 6.6% | ||
| Q3 24 | 14.4% | 7.5% | ||
| Q2 24 | 12.6% | 8.5% |
| Q1 26 | $0.44 | — | ||
| Q4 25 | $0.60 | $0.24 | ||
| Q3 25 | $0.16 | $0.48 | ||
| Q2 25 | $0.49 | $0.34 | ||
| Q1 25 | $0.50 | $0.42 | ||
| Q4 24 | $0.60 | $0.46 | ||
| Q3 24 | $0.63 | $0.55 | ||
| Q2 24 | $0.55 | $0.62 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $356.1M | $261.0M |
| Total DebtLower is stronger | $3.5B | $5.0B |
| Stockholders' EquityBook value | $6.1B | $3.3B |
| Total Assets | $11.6B | $11.8B |
| Debt / EquityLower = less leverage | 0.57× | 1.51× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $356.1M | — | ||
| Q4 25 | $375.5M | $261.0M | ||
| Q3 25 | $430.8M | $120.0M | ||
| Q2 25 | $1.8B | $120.0M | ||
| Q1 25 | $892.1M | $129.0M | ||
| Q4 24 | $813.3M | $157.0M | ||
| Q3 24 | $811.3M | $126.0M | ||
| Q2 24 | $644.1M | $125.0M |
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.2B | $5.0B | ||
| Q3 25 | $3.3B | $5.5B | ||
| Q2 25 | $4.8B | $5.4B | ||
| Q1 25 | $3.9B | $5.7B | ||
| Q4 24 | $3.7B | $5.1B | ||
| Q3 24 | $3.9B | $5.4B | ||
| Q2 24 | $3.8B | $4.9B |
| Q1 26 | $6.1B | — | ||
| Q4 25 | $6.5B | $3.3B | ||
| Q3 25 | $6.5B | $3.3B | ||
| Q2 25 | $10.4B | $3.2B | ||
| Q1 25 | $10.2B | $3.2B | ||
| Q4 24 | $10.2B | $3.0B | ||
| Q3 24 | $10.6B | $3.0B | ||
| Q2 24 | $10.5B | $2.8B |
| Q1 26 | $11.6B | — | ||
| Q4 25 | $11.7B | $11.8B | ||
| Q3 25 | $11.9B | $11.9B | ||
| Q2 25 | $18.2B | $11.8B | ||
| Q1 25 | $17.1B | $11.5B | ||
| Q4 24 | $17.0B | $11.1B | ||
| Q3 24 | $17.5B | $11.2B | ||
| Q2 24 | $17.3B | $10.8B |
| Q1 26 | 0.57× | — | ||
| Q4 25 | 0.50× | 1.51× | ||
| Q3 25 | 0.51× | 1.67× | ||
| Q2 25 | 0.46× | 1.68× | ||
| Q1 25 | 0.38× | 1.80× | ||
| Q4 24 | 0.36× | 1.71× | ||
| Q3 24 | 0.37× | 1.79× | ||
| Q2 24 | 0.36× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $234.8M | $521.0M |
| Free Cash FlowOCF − Capex | $193.8M | — |
| FCF MarginFCF / Revenue | 18.1% | — |
| Capex IntensityCapex / Revenue | 2.5% | — |
| Cash ConversionOCF / Net Profit | 1.72× | 7.34× |
| TTM Free Cash FlowTrailing 4 quarters | $935.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $234.8M | — | ||
| Q4 25 | $1.1B | $521.0M | ||
| Q3 25 | $164.4M | $227.0M | ||
| Q2 25 | $311.2M | $267.0M | ||
| Q1 25 | $241.7M | $-174.0M | ||
| Q4 24 | $502.2M | $489.0M | ||
| Q3 24 | $459.0M | $187.0M | ||
| Q2 24 | $308.9M | $161.0M |
| Q1 26 | $193.8M | — | ||
| Q4 25 | $313.8M | — | ||
| Q3 25 | $153.1M | — | ||
| Q2 25 | $274.5M | — | ||
| Q1 25 | $215.0M | — | ||
| Q4 24 | $465.2M | — | ||
| Q3 24 | $431.2M | — | ||
| Q2 24 | $279.7M | — |
| Q1 26 | 18.1% | — | ||
| Q4 25 | 28.0% | — | ||
| Q3 25 | 14.9% | — | ||
| Q2 25 | 18.1% | — | ||
| Q1 25 | 14.6% | — | ||
| Q4 24 | 28.7% | — | ||
| Q3 24 | 28.1% | — | ||
| Q2 24 | 18.0% | — |
| Q1 26 | 2.5% | — | ||
| Q4 25 | 2.7% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 1.8% | — | ||
| Q2 24 | 1.9% | — |
| Q1 26 | 1.72× | — | ||
| Q4 25 | 5.83× | 7.34× | ||
| Q3 25 | 2.99× | 1.60× | ||
| Q2 25 | 1.87× | 2.57× | ||
| Q1 25 | 1.41× | -1.37× | ||
| Q4 24 | 2.41× | 3.54× | ||
| Q3 24 | 2.07× | 1.13× | ||
| Q2 24 | 1.58× | 0.85× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FTV
Segment breakdown not available.
GPK
| Americas Paperboard Packaging | $1.4B | 68% |
| Other | $667.0M | 32% |
