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Side-by-side financial comparison of GRAPHIC PACKAGING HOLDING CO (GPK) and IQVIA (IQV). Click either name above to swap in a different company.
IQVIA is the larger business by last-quarter revenue ($4.2B vs $2.1B, roughly 2.0× GRAPHIC PACKAGING HOLDING CO). IQVIA runs the higher net margin — 6.6% vs 3.4%, a 3.2% gap on every dollar of revenue. On growth, IQVIA posted the faster year-over-year revenue change (8.4% vs 0.2%). Over the past eight quarters, IQVIA's revenue compounded faster (4.3% CAGR vs -3.5%).
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...
IQVIA Holdings, Inc., headquartered in Durham, North Carolina, is an American company focused on health information technology and clinical research.
GPK vs IQV — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $4.2B |
| Net Profit | $71.0M | $275.0M |
| Gross Margin | 14.1% | — |
| Operating Margin | 7.4% | 12.4% |
| Net Margin | 3.4% | 6.6% |
| Revenue YoY | 0.2% | 8.4% |
| Net Profit YoY | -48.6% | 10.0% |
| EPS (diluted) | $0.24 | $1.61 |
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 | — | $4.2B | ||
| Q4 25 | $2.1B | $4.4B | ||
| Q3 25 | $2.2B | $4.1B | ||
| Q2 25 | $2.2B | $4.0B | ||
| Q1 25 | $2.1B | $3.8B | ||
| Q4 24 | $2.1B | $4.0B | ||
| Q3 24 | $2.2B | $3.9B | ||
| Q2 24 | $2.2B | $3.8B |
| Q1 26 | — | $275.0M | ||
| Q4 25 | $71.0M | $514.0M | ||
| Q3 25 | $142.0M | $331.0M | ||
| Q2 25 | $104.0M | $266.0M | ||
| Q1 25 | $127.0M | $249.0M | ||
| Q4 24 | $138.0M | $437.0M | ||
| Q3 24 | $165.0M | $285.0M | ||
| Q2 24 | $190.0M | $363.0M |
| Q1 26 | — | — | ||
| Q4 25 | 14.1% | — | ||
| Q3 25 | 19.6% | — | ||
| Q2 25 | 18.7% | — | ||
| Q1 25 | 20.6% | — | ||
| Q4 24 | 21.4% | — | ||
| Q3 24 | 22.3% | 23.5% | ||
| Q2 24 | 21.2% | 22.6% |
| Q1 26 | — | 12.4% | ||
| Q4 25 | 7.4% | 14.4% | ||
| Q3 25 | 10.7% | 13.5% | ||
| Q2 25 | 8.8% | 12.6% | ||
| Q1 25 | 10.5% | 13.0% | ||
| Q4 24 | 11.4% | 15.8% | ||
| Q3 24 | 12.6% | 14.1% | ||
| Q2 24 | 14.5% | 13.6% |
| Q1 26 | — | 6.6% | ||
| Q4 25 | 3.4% | 11.8% | ||
| Q3 25 | 6.5% | 8.1% | ||
| Q2 25 | 4.7% | 6.6% | ||
| Q1 25 | 6.0% | 6.5% | ||
| Q4 24 | 6.6% | 11.0% | ||
| Q3 24 | 7.5% | 7.3% | ||
| Q2 24 | 8.5% | 9.5% |
| Q1 26 | — | $1.61 | ||
| Q4 25 | $0.24 | $2.97 | ||
| Q3 25 | $0.48 | $1.93 | ||
| Q2 25 | $0.34 | $1.54 | ||
| Q1 25 | $0.42 | $1.40 | ||
| Q4 24 | $0.46 | $2.41 | ||
| Q3 24 | $0.55 | $1.55 | ||
| Q2 24 | $0.62 | $1.97 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $261.0M | $1.9B |
| Total DebtLower is stronger | $5.0B | $15.8B |
| Stockholders' EquityBook value | $3.3B | $6.3B |
| Total Assets | $11.8B | $29.7B |
| Debt / EquityLower = less leverage | 1.51× | 2.49× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.9B | ||
| Q4 25 | $261.0M | $2.1B | ||
| Q3 25 | $120.0M | $2.0B | ||
| Q2 25 | $120.0M | $2.2B | ||
| Q1 25 | $129.0M | $1.9B | ||
| Q4 24 | $157.0M | $1.8B | ||
| Q3 24 | $126.0M | $1.7B | ||
| Q2 24 | $125.0M | $1.7B |
| Q1 26 | — | $15.8B | ||
| 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 26 | — | $6.3B | ||
| Q4 25 | $3.3B | $6.5B | ||
| Q3 25 | $3.3B | $6.2B | ||
| Q2 25 | $3.2B | $5.8B | ||
| Q1 25 | $3.2B | $6.0B | ||
| Q4 24 | $3.0B | $6.1B | ||
| Q3 24 | $3.0B | $7.0B | ||
| Q2 24 | $2.8B | $6.7B |
| Q1 26 | — | $29.7B | ||
| Q4 25 | $11.8B | $29.9B | ||
| Q3 25 | $11.9B | $28.7B | ||
| Q2 25 | $11.8B | $28.6B | ||
| Q1 25 | $11.5B | $27.3B | ||
| Q4 24 | $11.1B | $26.9B | ||
| Q3 24 | $11.2B | $27.2B | ||
| Q2 24 | $10.8B | $26.4B |
| Q1 26 | — | 2.49× | ||
| 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× | — |
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 | $521.0M | $618.0M |
| Free Cash FlowOCF − Capex | — | $491.0M |
| FCF MarginFCF / Revenue | — | 11.8% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 7.34× | 2.25× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.1B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $618.0M | ||
| Q4 25 | $521.0M | $735.0M | ||
| Q3 25 | $227.0M | $908.0M | ||
| Q2 25 | $267.0M | $443.0M | ||
| Q1 25 | $-174.0M | $568.0M | ||
| Q4 24 | $489.0M | $885.0M | ||
| Q3 24 | $187.0M | $721.0M | ||
| Q2 24 | $161.0M | $588.0M |
| Q1 26 | — | $491.0M | ||
| Q4 25 | — | $561.0M | ||
| Q3 25 | — | $772.0M | ||
| Q2 25 | — | $292.0M | ||
| Q1 25 | — | $426.0M | ||
| Q4 24 | — | $721.0M | ||
| Q3 24 | — | $571.0M | ||
| Q2 24 | — | $445.0M |
| Q1 26 | — | 11.8% | ||
| Q4 25 | — | 12.9% | ||
| Q3 25 | — | 18.8% | ||
| Q2 25 | — | 7.3% | ||
| Q1 25 | — | 11.1% | ||
| Q4 24 | — | 18.2% | ||
| Q3 24 | — | 14.7% | ||
| Q2 24 | — | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | — | 4.1% | ||
| Q3 24 | — | 3.9% | ||
| Q2 24 | — | 3.7% |
| Q1 26 | — | 2.25× | ||
| Q4 25 | 7.34× | 1.43× | ||
| Q3 25 | 1.60× | 2.74× | ||
| Q2 25 | 2.57× | 1.67× | ||
| Q1 25 | -1.37× | 2.28× | ||
| Q4 24 | 3.54× | 2.03× | ||
| Q3 24 | 1.13× | 2.53× | ||
| Q2 24 | 0.85× | 1.62× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GPK
| Americas Paperboard Packaging | $1.4B | 68% |
| Other | $667.0M | 32% |
IQV
Segment breakdown not available.
