vs
Side-by-side financial comparison of GLOBAL PARTNERS LP (GLP) and Packaging Corporation of America (PKG). Click either name above to swap in a different company.
Packaging Corporation of America is the larger business by last-quarter revenue ($2.4B vs $2.2B, roughly 1.1× GLOBAL PARTNERS LP). Packaging Corporation of America runs the higher net margin — 7.2% vs 1.1%, a 6.1% gap on every dollar of revenue. On growth, Packaging Corporation of America posted the faster year-over-year revenue change (10.6% vs 7.0%). Over the past eight quarters, Packaging Corporation of America's revenue compounded faster (6.8% CAGR vs 0.2%).
Global Partners LP is an American energy supply company ranked 361 in the 2018 Fortune 500. The company is organized as a master limited partnership, and its operations focus on the importing of petroleum products and marketing them in North America. It wholesales products like crude oil, diesel oil, gasoline, heating oil and kerosene.
Packaging Corporation of America is an American manufacturing company based in Lake Forest, Illinois. The company has about 15,500 employees, with operations primarily in the United States. The CEO is Mark W. Kowlzan.
GLP vs PKG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $2.4B |
| Net Profit | $25.1M | $170.9M |
| Gross Margin | 11.9% | 19.1% |
| Operating Margin | 2.6% | 10.6% |
| Net Margin | 1.1% | 7.2% |
| Revenue YoY | 7.0% | 10.6% |
| Net Profit YoY | 5.0% | -16.1% |
| EPS (diluted) | — | $1.91 |
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 | — | $2.4B | ||
| Q4 25 | $2.2B | $2.4B | ||
| Q3 25 | $2.2B | $2.3B | ||
| Q2 25 | $2.1B | $2.2B | ||
| Q1 25 | $2.2B | $2.1B | ||
| Q4 24 | $2.1B | $2.1B | ||
| Q3 24 | $2.1B | $2.2B | ||
| Q2 24 | $2.3B | $2.1B |
| Q1 26 | — | $170.9M | ||
| Q4 25 | $25.1M | $101.9M | ||
| Q3 25 | $29.0M | $226.9M | ||
| Q2 25 | $25.2M | $241.5M | ||
| Q1 25 | $18.7M | $203.8M | ||
| Q4 24 | $23.9M | $221.2M | ||
| Q3 24 | $45.9M | $238.1M | ||
| Q2 24 | $46.1M | $198.9M |
| Q1 26 | — | 19.1% | ||
| Q4 25 | 11.9% | 18.9% | ||
| Q3 25 | 12.1% | 21.8% | ||
| Q2 25 | 13.1% | 22.2% | ||
| Q1 25 | 11.7% | 21.2% | ||
| Q4 24 | 13.0% | 21.9% | ||
| Q3 24 | 13.4% | 23.1% | ||
| Q2 24 | 12.6% | 21.1% |
| Q1 26 | — | 10.6% | ||
| Q4 25 | 2.6% | 7.1% | ||
| Q3 25 | 2.7% | 14.0% | ||
| Q2 25 | 2.9% | 15.4% | ||
| Q1 25 | 2.6% | 13.1% | ||
| Q4 24 | 2.8% | 14.1% | ||
| Q3 24 | 3.9% | 15.0% | ||
| Q2 24 | 3.7% | 13.3% |
| Q1 26 | — | 7.2% | ||
| Q4 25 | 1.1% | 4.3% | ||
| Q3 25 | 1.3% | 9.8% | ||
| Q2 25 | 1.2% | 11.1% | ||
| Q1 25 | 0.9% | 9.5% | ||
| Q4 24 | 1.2% | 10.3% | ||
| Q3 24 | 2.1% | 10.9% | ||
| Q2 24 | 2.0% | 9.6% |
| Q1 26 | — | $1.91 | ||
| Q4 25 | — | $1.14 | ||
| Q3 25 | — | $2.51 | ||
| Q2 25 | — | $2.67 | ||
| Q1 25 | — | $2.26 | ||
| Q4 24 | — | $2.45 | ||
| Q3 24 | — | $2.64 | ||
| Q2 24 | — | $2.21 |
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 | $101.0M | — |
| Free Cash FlowOCF − Capex | $62.2M | — |
| FCF MarginFCF / Revenue | 2.8% | — |
| Capex IntensityCapex / Revenue | 1.8% | — |
| Cash ConversionOCF / Net Profit | 4.03× | — |
| TTM Free Cash FlowTrailing 4 quarters | $193.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $101.0M | $446.6M | ||
| Q3 25 | $19.0M | $472.2M | ||
| Q2 25 | $216.3M | $299.6M | ||
| Q1 25 | $-51.6M | $339.1M | ||
| Q4 24 | $67.2M | $325.4M | ||
| Q3 24 | $122.7M | $327.1M | ||
| Q2 24 | $24.3M | $278.3M |
| Q1 26 | — | — | ||
| Q4 25 | $62.2M | $127.6M | ||
| Q3 25 | $-678.0K | $280.1M | ||
| Q2 25 | $201.3M | $129.9M | ||
| Q1 25 | $-69.5M | $191.0M | ||
| Q4 24 | $20.4M | $124.1M | ||
| Q3 24 | $98.4M | $180.4M | ||
| Q2 24 | $8.7M | $33.3M |
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 5.4% | ||
| Q3 25 | -0.0% | 12.1% | ||
| Q2 25 | 9.7% | 6.0% | ||
| Q1 25 | -3.2% | 8.9% | ||
| Q4 24 | 1.0% | 5.8% | ||
| Q3 24 | 4.6% | 8.3% | ||
| Q2 24 | 0.4% | 1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.8% | 13.5% | ||
| Q3 25 | 0.9% | 8.3% | ||
| Q2 25 | 0.7% | 7.8% | ||
| Q1 25 | 0.8% | 6.9% | ||
| Q4 24 | 2.3% | 9.4% | ||
| Q3 24 | 1.1% | 6.7% | ||
| Q2 24 | 0.7% | 11.8% |
| Q1 26 | — | — | ||
| Q4 25 | 4.03× | 4.38× | ||
| Q3 25 | 0.66× | 2.08× | ||
| Q2 25 | 8.58× | 1.24× | ||
| Q1 25 | -2.76× | 1.66× | ||
| Q4 24 | 2.82× | 1.47× | ||
| Q3 24 | 2.67× | 1.37× | ||
| Q2 24 | 0.53× | 1.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GLP
| Gasoline | $1.0B | 46% |
| Refined Petroleum Products Renewable Fuels Crude Oil And Propane | $884.7M | 40% |
| Commercial Segment | $187.6M | 8% |
| Station Operations | $110.5M | 5% |
PKG
Segment breakdown not available.
