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Side-by-side financial comparison of GRAPHIC PACKAGING HOLDING CO (GPK) and Microchip Technology (MCHP). 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 $1.3B, roughly 1.6× Microchip Technology). Microchip Technology runs the higher net margin — 11.0% vs 3.4%, a 7.6% gap on every dollar of revenue. On growth, GRAPHIC PACKAGING HOLDING CO posted the faster year-over-year revenue change (0.2% vs -72.2%). Over the past eight quarters, Microchip Technology's revenue compounded faster (2.8% 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...
Microchip Technology Incorporated is an American publicly traded semiconductor corporation that manufactures microcontroller, mixed-signal, analog, and Flash-IP integrated circuits.
GPK vs MCHP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.3B |
| Net Profit | $71.0M | $144.2M |
| Gross Margin | 14.1% | 61.0% |
| Operating Margin | 7.4% | 16.6% |
| Net Margin | 3.4% | 11.0% |
| Revenue YoY | 0.2% | -72.2% |
| Net Profit YoY | -48.6% | 8.9% |
| EPS (diluted) | $0.24 | $0.21 |
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 | — | $1.3B | ||
| Q4 25 | $2.1B | $1.2B | ||
| Q3 25 | $2.2B | $1.1B | ||
| Q2 25 | $2.2B | $1.1B | ||
| Q1 25 | $2.1B | $970.5M | ||
| Q4 24 | $2.1B | $1.0B | ||
| Q3 24 | $2.2B | $1.2B | ||
| Q2 24 | $2.2B | $1.2B |
| Q1 26 | — | $144.2M | ||
| Q4 25 | $71.0M | $62.7M | ||
| Q3 25 | $142.0M | $41.7M | ||
| Q2 25 | $104.0M | $-18.6M | ||
| Q1 25 | $127.0M | $-154.6M | ||
| Q4 24 | $138.0M | $-53.6M | ||
| Q3 24 | $165.0M | $78.4M | ||
| Q2 24 | $190.0M | $129.3M |
| Q1 26 | — | 61.0% | ||
| Q4 25 | 14.1% | 59.6% | ||
| Q3 25 | 19.6% | 55.9% | ||
| Q2 25 | 18.7% | 53.6% | ||
| Q1 25 | 20.6% | 51.6% | ||
| Q4 24 | 21.4% | 54.7% | ||
| Q3 24 | 22.3% | 57.4% | ||
| Q2 24 | 21.2% | 59.4% |
| Q1 26 | — | 16.6% | ||
| Q4 25 | 7.4% | 12.8% | ||
| Q3 25 | 10.7% | 7.8% | ||
| Q2 25 | 8.8% | 3.0% | ||
| Q1 25 | 10.5% | -10.3% | ||
| Q4 24 | 11.4% | 3.0% | ||
| Q3 24 | 12.6% | 12.6% | ||
| Q2 24 | 14.5% | 17.7% |
| Q1 26 | — | 11.0% | ||
| Q4 25 | 3.4% | 5.3% | ||
| Q3 25 | 6.5% | 3.7% | ||
| Q2 25 | 4.7% | -1.7% | ||
| Q1 25 | 6.0% | -15.9% | ||
| Q4 24 | 6.6% | -5.2% | ||
| Q3 24 | 7.5% | 6.7% | ||
| Q2 24 | 8.5% | 10.4% |
| Q1 26 | — | $0.21 | ||
| Q4 25 | $0.24 | $0.06 | ||
| Q3 25 | $0.48 | $0.03 | ||
| Q2 25 | $0.34 | $-0.09 | ||
| Q1 25 | $0.42 | $-0.29 | ||
| Q4 24 | $0.46 | $-0.10 | ||
| Q3 24 | $0.55 | $0.14 | ||
| Q2 24 | $0.62 | $0.24 |
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 | $240.3M |
| Total DebtLower is stronger | $5.0B | $5.5B |
| Stockholders' EquityBook value | $3.3B | $6.4B |
| Total Assets | $11.8B | $14.4B |
| Debt / EquityLower = less leverage | 1.51× | 0.85× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $240.3M | ||
| Q4 25 | $261.0M | $250.7M | ||
| Q3 25 | $120.0M | $236.8M | ||
| Q2 25 | $120.0M | $566.5M | ||
| Q1 25 | $129.0M | $771.7M | ||
| Q4 24 | $157.0M | $586.0M | ||
| Q3 24 | $126.0M | $286.1M | ||
| Q2 24 | $125.0M | $315.1M |
| Q1 26 | — | $5.5B | ||
| Q4 25 | $5.0B | $5.4B | ||
| Q3 25 | $5.5B | $5.4B | ||
| Q2 25 | $5.4B | $5.5B | ||
| Q1 25 | $5.7B | $5.6B | ||
| Q4 24 | $5.1B | $6.7B | ||
| Q3 24 | $5.4B | $6.4B | ||
| Q2 24 | $4.9B | $6.2B |
| Q1 26 | — | $6.4B | ||
| Q4 25 | $3.3B | $6.6B | ||
| Q3 25 | $3.3B | $6.7B | ||
| Q2 25 | $3.2B | $6.9B | ||
| Q1 25 | $3.2B | $7.1B | ||
| Q4 24 | $3.0B | $6.0B | ||
| Q3 24 | $3.0B | $6.3B | ||
| Q2 24 | $2.8B | $6.4B |
| Q1 26 | — | $14.4B | ||
| Q4 25 | $11.8B | $14.3B | ||
| Q3 25 | $11.9B | $14.5B | ||
| Q2 25 | $11.8B | $15.0B | ||
| Q1 25 | $11.5B | $15.4B | ||
| Q4 24 | $11.1B | $15.6B | ||
| Q3 24 | $11.2B | $15.6B | ||
| Q2 24 | $10.8B | $15.8B |
| Q1 26 | — | 0.85× | ||
| Q4 25 | 1.51× | 0.82× | ||
| Q3 25 | 1.67× | 0.80× | ||
| Q2 25 | 1.68× | 0.80× | ||
| Q1 25 | 1.80× | 0.80× | ||
| Q4 24 | 1.71× | 1.12× | ||
| Q3 24 | 1.79× | 1.02× | ||
| Q2 24 | 1.75× | 0.96× |
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 | — |
| Free Cash FlowOCF − Capex | — | $242.8M |
| FCF MarginFCF / Revenue | — | 18.5% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | 7.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $871.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $521.0M | $341.4M | ||
| Q3 25 | $227.0M | $88.1M | ||
| Q2 25 | $267.0M | $275.6M | ||
| Q1 25 | $-174.0M | $205.9M | ||
| Q4 24 | $489.0M | $271.5M | ||
| Q3 24 | $187.0M | $43.6M | ||
| Q2 24 | $161.0M | $377.1M |
| Q1 26 | — | $242.8M | ||
| Q4 25 | — | $318.9M | ||
| Q3 25 | — | $51.6M | ||
| Q2 25 | — | $257.7M | ||
| Q1 25 | — | $191.7M | ||
| Q4 24 | — | $253.4M | ||
| Q3 24 | — | $22.8M | ||
| Q2 24 | — | $304.2M |
| Q1 26 | — | 18.5% | ||
| Q4 25 | — | 26.9% | ||
| Q3 25 | — | 4.5% | ||
| Q2 25 | — | 24.0% | ||
| Q1 25 | — | 19.8% | ||
| Q4 24 | — | 24.7% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 24.5% |
| Q1 26 | — | 1.1% | ||
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | 5.9% |
| Q1 26 | — | — | ||
| Q4 25 | 7.34× | 5.44× | ||
| Q3 25 | 1.60× | 2.11× | ||
| Q2 25 | 2.57× | — | ||
| Q1 25 | -1.37× | — | ||
| Q4 24 | 3.54× | — | ||
| Q3 24 | 1.13× | 0.56× | ||
| Q2 24 | 0.85× | 2.92× |
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% |
MCHP
Segment breakdown not available.
