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Side-by-side financial comparison of GRAPHIC PACKAGING HOLDING CO (GPK) and KeyCorp (KEY). 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 $2.0B, roughly 1.0× KeyCorp). KeyCorp runs the higher net margin — 25.4% vs 3.4%, a 22.0% gap on every dollar of revenue. On growth, KeyCorp posted the faster year-over-year revenue change (131.8% vs 0.2%). Over the past eight quarters, KeyCorp's revenue compounded faster (14.4% 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...
Key is a Japanese visual novel studio known for making dramatic and plot-oriented titles. It was formed on July 21, 1998, as a brand under the publisher Visual Arts, and is located in Kita, Osaka.
GPK vs KEY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $2.0B |
| Net Profit | $71.0M | $510.0M |
| Gross Margin | 14.1% | — |
| Operating Margin | 7.4% | 32.3% |
| Net Margin | 3.4% | 25.4% |
| Revenue YoY | 0.2% | 131.8% |
| Net Profit YoY | -48.6% | 309.0% |
| EPS (diluted) | $0.24 | $0.43 |
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 | $2.1B | $2.0B | ||
| Q3 25 | $2.2B | $1.9B | ||
| Q2 25 | $2.2B | $1.8B | ||
| Q1 25 | $2.1B | $1.8B | ||
| Q4 24 | $2.1B | $865.0M | ||
| Q3 24 | $2.2B | $695.0M | ||
| Q2 24 | $2.2B | $1.5B | ||
| Q1 24 | $2.3B | $1.5B |
| Q4 25 | $71.0M | $510.0M | ||
| Q3 25 | $142.0M | $489.0M | ||
| Q2 25 | $104.0M | $425.0M | ||
| Q1 25 | $127.0M | $405.0M | ||
| Q4 24 | $138.0M | $-244.0M | ||
| Q3 24 | $165.0M | $-410.0M | ||
| Q2 24 | $190.0M | $274.0M | ||
| Q1 24 | $165.0M | $219.0M |
| Q4 25 | 14.1% | — | ||
| Q3 25 | 19.6% | — | ||
| Q2 25 | 18.7% | — | ||
| Q1 25 | 20.6% | — | ||
| Q4 24 | 21.4% | — | ||
| Q3 24 | 22.3% | — | ||
| Q2 24 | 21.2% | — | ||
| Q1 24 | 23.0% | — |
| Q4 25 | 7.4% | 32.3% | ||
| Q3 25 | 10.7% | 31.8% | ||
| Q2 25 | 8.8% | 29.3% | ||
| Q1 25 | 10.5% | 29.0% | ||
| Q4 24 | 11.4% | -92.6% | ||
| Q3 24 | 12.6% | -72.8% | ||
| Q2 24 | 14.5% | 22.0% | ||
| Q1 24 | 12.4% | 18.1% |
| Q4 25 | 3.4% | 25.4% | ||
| Q3 25 | 6.5% | 25.8% | ||
| Q2 25 | 4.7% | 23.1% | ||
| Q1 25 | 6.0% | 22.8% | ||
| Q4 24 | 6.6% | -54.7% | ||
| Q3 24 | 7.5% | -59.0% | ||
| Q2 24 | 8.5% | 18.0% | ||
| Q1 24 | 7.3% | 14.3% |
| Q4 25 | $0.24 | $0.43 | ||
| Q3 25 | $0.48 | $0.41 | ||
| Q2 25 | $0.34 | $0.35 | ||
| Q1 25 | $0.42 | $0.33 | ||
| Q4 24 | $0.46 | $-0.30 | ||
| Q3 24 | $0.55 | $-0.47 | ||
| Q2 24 | $0.62 | $0.25 | ||
| Q1 24 | $0.53 | $0.20 |
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 | $10.2B |
| Total DebtLower is stronger | $5.0B | $9.9B |
| Stockholders' EquityBook value | $3.3B | $20.4B |
| Total Assets | $11.8B | $184.4B |
| Debt / EquityLower = less leverage | 1.51× | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $261.0M | $10.2B | ||
| Q3 25 | $120.0M | $13.3B | ||
| Q2 25 | $120.0M | $11.6B | ||
| Q1 25 | $129.0M | $15.3B | ||
| Q4 24 | $157.0M | $17.5B | ||
| Q3 24 | $126.0M | $22.8B | ||
| Q2 24 | $125.0M | $15.5B | ||
| Q1 24 | $136.0M | $13.2B |
| Q4 25 | $5.0B | $9.9B | ||
| Q3 25 | $5.5B | $10.9B | ||
| Q2 25 | $5.4B | $12.1B | ||
| Q1 25 | $5.7B | $12.4B | ||
| Q4 24 | $5.1B | $12.1B | ||
| Q3 24 | $5.4B | $15.7B | ||
| Q2 24 | $4.9B | $16.9B | ||
| Q1 24 | $4.9B | $20.8B |
| Q4 25 | $3.3B | $20.4B | ||
| Q3 25 | $3.3B | $20.1B | ||
| Q2 25 | $3.2B | $19.5B | ||
| Q1 25 | $3.2B | $19.0B | ||
| Q4 24 | $3.0B | $18.2B | ||
| Q3 24 | $3.0B | $16.9B | ||
| Q2 24 | $2.8B | $14.8B | ||
| Q1 24 | $2.9B | $14.5B |
| Q4 25 | $11.8B | $184.4B | ||
| Q3 25 | $11.9B | $187.4B | ||
| Q2 25 | $11.8B | $185.5B | ||
| Q1 25 | $11.5B | $188.7B | ||
| Q4 24 | $11.1B | $187.2B | ||
| Q3 24 | $11.2B | $189.8B | ||
| Q2 24 | $10.8B | $187.4B | ||
| Q1 24 | $11.3B | $187.5B |
| Q4 25 | 1.51× | 0.49× | ||
| Q3 25 | 1.67× | 0.54× | ||
| Q2 25 | 1.68× | 0.62× | ||
| Q1 25 | 1.80× | 0.65× | ||
| Q4 24 | 1.71× | 0.67× | ||
| Q3 24 | 1.79× | 0.93× | ||
| Q2 24 | 1.75× | 1.14× | ||
| Q1 24 | 1.73× | 1.43× |
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 | $2.2B |
| Free Cash FlowOCF − Capex | — | $2.1B |
| FCF MarginFCF / Revenue | — | 104.8% |
| Capex IntensityCapex / Revenue | — | 5.3% |
| Cash ConversionOCF / Net Profit | 7.34× | 4.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $521.0M | $2.2B | ||
| Q3 25 | $227.0M | $396.0M | ||
| Q2 25 | $267.0M | $1.2B | ||
| Q1 25 | $-174.0M | $-140.0M | ||
| Q4 24 | $489.0M | $664.0M | ||
| Q3 24 | $187.0M | $-1.2B | ||
| Q2 24 | $161.0M | $-217.0M | ||
| Q1 24 | $3.0M | $359.0M |
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $367.0M | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $-150.0M | ||
| Q4 24 | — | $599.0M | ||
| Q3 24 | — | $-1.2B | ||
| Q2 24 | — | $-230.0M | ||
| Q1 24 | — | $347.0M |
| Q4 25 | — | 104.8% | ||
| Q3 25 | — | 19.4% | ||
| Q2 25 | — | 65.8% | ||
| Q1 25 | — | -8.5% | ||
| Q4 24 | — | 69.2% | ||
| Q3 24 | — | -175.8% | ||
| Q2 24 | — | -15.1% | ||
| Q1 24 | — | 22.6% |
| Q4 25 | — | 5.3% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 1.3% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 0.8% |
| Q4 25 | 7.34× | 4.33× | ||
| Q3 25 | 1.60× | 0.81× | ||
| Q2 25 | 2.57× | 2.90× | ||
| Q1 25 | -1.37× | -0.35× | ||
| Q4 24 | 3.54× | — | ||
| Q3 24 | 1.13× | — | ||
| Q2 24 | 0.85× | -0.79× | ||
| Q1 24 | 0.02× | 1.64× |
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% |
KEY
Segment breakdown not available.
