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Side-by-side financial comparison of GRAPHIC PACKAGING HOLDING CO (GPK) and JOYY Inc. (JOYY). 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 $1.5B, roughly 1.4× JOYY Inc.). JOYY Inc. runs the higher net margin — 10.4% vs 3.4%, a 7.0% gap on every dollar of revenue. Over the past eight quarters, JOYY Inc.'s revenue compounded faster (16.8% 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...

JOYY Inc. is a global social media technology firm operating digital entertainment platforms including live streaming, short video and social services like Bigo Live and Likee. It serves users across Southeast Asia, Middle East, Latin America and other emerging markets, delivering interactive immersive digital content experiences for user groups.

GPK vs JOYY — Head-to-Head

Bigger by revenue
GPK
GPK
1.4× larger
GPK
$2.1B
$1.5B
JOYY
Higher net margin
JOYY
JOYY
7.0% more per $
JOYY
10.4%
3.4%
GPK
Faster 2-yr revenue CAGR
JOYY
JOYY
Annualised
JOYY
16.8%
-3.5%
GPK

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
GPK
GPK
JOYY
JOYY
Revenue
$2.1B
$1.5B
Net Profit
$71.0M
$160.1M
Gross Margin
14.1%
36.1%
Operating Margin
7.4%
2.4%
Net Margin
3.4%
10.4%
Revenue YoY
0.2%
Net Profit YoY
-48.6%
EPS (diluted)
$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.

Revenue
GPK
GPK
JOYY
JOYY
Q4 25
$2.1B
Q3 25
$2.2B
$1.5B
Q2 25
$2.2B
$1.0B
Q1 25
$2.1B
$494.4M
Q4 24
$2.1B
Q3 24
$2.2B
$1.7B
Q2 24
$2.2B
$1.1B
Q1 24
$2.3B
$564.6M
Net Profit
GPK
GPK
JOYY
JOYY
Q4 25
$71.0M
Q3 25
$142.0M
$160.1M
Q2 25
$104.0M
$100.9M
Q1 25
$127.0M
$42.9M
Q4 24
$138.0M
Q3 24
$165.0M
$143.9M
Q2 24
$190.0M
$87.9M
Q1 24
$165.0M
$40.2M
Gross Margin
GPK
GPK
JOYY
JOYY
Q4 25
14.1%
Q3 25
19.6%
36.1%
Q2 25
18.7%
36.3%
Q1 25
20.6%
36.1%
Q4 24
21.4%
Q3 24
22.3%
35.7%
Q2 24
21.2%
34.9%
Q1 24
23.0%
34.6%
Operating Margin
GPK
GPK
JOYY
JOYY
Q4 25
7.4%
Q3 25
10.7%
2.4%
Q2 25
8.8%
1.8%
Q1 25
10.5%
2.5%
Q4 24
11.4%
Q3 24
12.6%
1.3%
Q2 24
14.5%
0.5%
Q1 24
12.4%
0.6%
Net Margin
GPK
GPK
JOYY
JOYY
Q4 25
3.4%
Q3 25
6.5%
10.4%
Q2 25
4.7%
10.1%
Q1 25
6.0%
8.7%
Q4 24
6.6%
Q3 24
7.5%
8.5%
Q2 24
8.5%
7.8%
Q1 24
7.3%
7.1%
EPS (diluted)
GPK
GPK
JOYY
JOYY
Q4 25
$0.24
Q3 25
$0.48
Q2 25
$0.34
Q1 25
$0.42
Q4 24
$0.46
Q3 24
$0.55
Q2 24
$0.62
Q1 24
$0.53

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GPK
GPK
JOYY
JOYY
Cash + ST InvestmentsLiquidity on hand
$261.0M
$383.8M
Total DebtLower is stronger
$5.0B
Stockholders' EquityBook value
$3.3B
$6.6B
Total Assets
$11.8B
$7.5B
Debt / EquityLower = less leverage
1.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GPK
GPK
JOYY
JOYY
Q4 25
$261.0M
Q3 25
$120.0M
$383.8M
Q2 25
$120.0M
$401.0M
Q1 25
$129.0M
$801.5M
Q4 24
$157.0M
Q3 24
$126.0M
$481.8M
Q2 24
$125.0M
$607.1M
Q1 24
$136.0M
$728.2M
Total Debt
GPK
GPK
JOYY
JOYY
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
Stockholders' Equity
GPK
GPK
JOYY
JOYY
Q4 25
$3.3B
Q3 25
$3.3B
$6.6B
Q2 25
$3.2B
$6.6B
Q1 25
$3.2B
$6.6B
Q4 24
$3.0B
Q3 24
$3.0B
$5.3B
Q2 24
$2.8B
$5.3B
Q1 24
$2.9B
$5.3B
Total Assets
GPK
GPK
JOYY
JOYY
Q4 25
$11.8B
Q3 25
$11.9B
$7.5B
Q2 25
$11.8B
$7.5B
Q1 25
$11.5B
$7.6B
Q4 24
$11.1B
Q3 24
$11.2B
$8.1B
Q2 24
$10.8B
$8.1B
Q1 24
$11.3B
$8.6B
Debt / Equity
GPK
GPK
JOYY
JOYY
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
GPK
GPK
JOYY
JOYY
Operating Cash FlowLast quarter
$521.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
7.34×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GPK
GPK
JOYY
JOYY
Q4 25
$521.0M
Q3 25
$227.0M
Q2 25
$267.0M
Q1 25
$-174.0M
Q4 24
$489.0M
Q3 24
$187.0M
Q2 24
$161.0M
Q1 24
$3.0M
Cash Conversion
GPK
GPK
JOYY
JOYY
Q4 25
7.34×
Q3 25
1.60×
Q2 25
2.57×
Q1 25
-1.37×
Q4 24
3.54×
Q3 24
1.13×
Q2 24
0.85×
Q1 24
0.02×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GPK
GPK

Americas Paperboard Packaging$1.4B68%
Other$667.0M32%

JOYY
JOYY

Live streaming$1.1B74%
Advertising$297.3M19%
Others$109.8M7%

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