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Side-by-side financial comparison of GRAPHIC PACKAGING HOLDING CO (GPK) and MERCURY GENERAL CORP (MCY). 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× MERCURY GENERAL CORP). MERCURY GENERAL CORP runs the higher net margin — 13.2% vs 3.4%, a 9.8% gap on every dollar of revenue. On growth, MERCURY GENERAL CORP posted the faster year-over-year revenue change (12.4% vs 0.2%). Over the past eight quarters, MERCURY GENERAL CORP's revenue compounded faster (9.8% 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...
Mercury General Corporation is a multiple-line insurance organization that offers personal automobiles, homeowners, renters, and business insurance. Mercury's primary focus is automobiles and homeowners' insurance.
GPK vs MCY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.5B |
| Net Profit | $71.0M | $202.5M |
| Gross Margin | 14.1% | 99.7% |
| Operating Margin | 7.4% | 16.2% |
| Net Margin | 3.4% | 13.2% |
| Revenue YoY | 0.2% | 12.4% |
| Net Profit YoY | -48.6% | 100.4% |
| EPS (diluted) | $0.24 | $3.66 |
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 | $1.5B | ||
| Q3 25 | $2.2B | $1.6B | ||
| Q2 25 | $2.2B | $1.5B | ||
| Q1 25 | $2.1B | $1.4B | ||
| Q4 24 | $2.1B | $1.4B | ||
| Q3 24 | $2.2B | $1.5B | ||
| Q2 24 | $2.2B | $1.3B | ||
| Q1 24 | $2.3B | $1.3B |
| Q4 25 | $71.0M | $202.5M | ||
| Q3 25 | $142.0M | $280.4M | ||
| Q2 25 | $104.0M | $166.5M | ||
| Q1 25 | $127.0M | $-108.3M | ||
| Q4 24 | $138.0M | $101.1M | ||
| Q3 24 | $165.0M | $230.9M | ||
| Q2 24 | $190.0M | $62.6M | ||
| Q1 24 | $165.0M | $73.5M |
| Q4 25 | 14.1% | 99.7% | ||
| Q3 25 | 19.6% | 99.8% | ||
| Q2 25 | 18.7% | 99.8% | ||
| Q1 25 | 20.6% | 99.7% | ||
| Q4 24 | 21.4% | 99.7% | ||
| Q3 24 | 22.3% | 99.8% | ||
| Q2 24 | 21.2% | 99.8% | ||
| Q1 24 | 23.0% | 99.7% |
| Q4 25 | 7.4% | 16.2% | ||
| Q3 25 | 10.7% | 22.1% | ||
| Q2 25 | 8.8% | 14.0% | ||
| Q1 25 | 10.5% | -10.2% | ||
| Q4 24 | 11.4% | 9.0% | ||
| Q3 24 | 12.6% | 18.8% | ||
| Q2 24 | 14.5% | 5.8% | ||
| Q1 24 | 12.4% | 7.0% |
| Q4 25 | 3.4% | 13.2% | ||
| Q3 25 | 6.5% | 17.7% | ||
| Q2 25 | 4.7% | 11.3% | ||
| Q1 25 | 6.0% | -7.8% | ||
| Q4 24 | 6.6% | 7.4% | ||
| Q3 24 | 7.5% | 15.1% | ||
| Q2 24 | 8.5% | 4.8% | ||
| Q1 24 | 7.3% | 5.8% |
| Q4 25 | $0.24 | $3.66 | ||
| Q3 25 | $0.48 | $5.06 | ||
| Q2 25 | $0.34 | $3.01 | ||
| Q1 25 | $0.42 | $-1.96 | ||
| Q4 24 | $0.46 | $1.82 | ||
| Q3 24 | $0.55 | $4.17 | ||
| Q2 24 | $0.62 | $1.13 | ||
| Q1 24 | $0.53 | $1.33 |
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 | — |
| Total DebtLower is stronger | $5.0B | $575.0M |
| Stockholders' EquityBook value | $3.3B | $2.4B |
| Total Assets | $11.8B | $9.6B |
| Debt / EquityLower = less leverage | 1.51× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $261.0M | — | ||
| Q3 25 | $120.0M | — | ||
| Q2 25 | $120.0M | — | ||
| Q1 25 | $129.0M | — | ||
| Q4 24 | $157.0M | — | ||
| Q3 24 | $126.0M | — | ||
| Q2 24 | $125.0M | — | ||
| Q1 24 | $136.0M | — |
| Q4 25 | $5.0B | $575.0M | ||
| Q3 25 | $5.5B | — | ||
| Q2 25 | $5.4B | — | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $5.1B | $575.0M | ||
| Q3 24 | $5.4B | — | ||
| Q2 24 | $4.9B | — | ||
| Q1 24 | $4.9B | — |
| Q4 25 | $3.3B | $2.4B | ||
| Q3 25 | $3.3B | $2.2B | ||
| Q2 25 | $3.2B | $2.0B | ||
| Q1 25 | $3.2B | $1.8B | ||
| Q4 24 | $3.0B | $1.9B | ||
| Q3 24 | $3.0B | $1.9B | ||
| Q2 24 | $2.8B | $1.6B | ||
| Q1 24 | $2.9B | $1.6B |
| Q4 25 | $11.8B | $9.6B | ||
| Q3 25 | $11.9B | $9.4B | ||
| Q2 25 | $11.8B | $9.1B | ||
| Q1 25 | $11.5B | $9.0B | ||
| Q4 24 | $11.1B | $8.3B | ||
| Q3 24 | $11.2B | $8.2B | ||
| Q2 24 | $10.8B | $7.7B | ||
| Q1 24 | $11.3B | $7.4B |
| Q4 25 | 1.51× | 0.24× | ||
| Q3 25 | 1.67× | — | ||
| Q2 25 | 1.68× | — | ||
| Q1 25 | 1.80× | — | ||
| Q4 24 | 1.71× | 0.30× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $521.0M | $287.9M |
| Free Cash FlowOCF − Capex | — | $273.9M |
| FCF MarginFCF / Revenue | — | 17.8% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | 7.34× | 1.42× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $521.0M | $287.9M | ||
| Q3 25 | $227.0M | $496.4M | ||
| Q2 25 | $267.0M | $371.6M | ||
| Q1 25 | $-174.0M | $-68.7M | ||
| Q4 24 | $489.0M | $248.3M | ||
| Q3 24 | $187.0M | $318.1M | ||
| Q2 24 | $161.0M | $278.0M | ||
| Q1 24 | $3.0M | $192.6M |
| Q4 25 | — | $273.9M | ||
| Q3 25 | — | $479.5M | ||
| Q2 25 | — | $357.2M | ||
| Q1 25 | — | $-81.9M | ||
| Q4 24 | — | $236.0M | ||
| Q3 24 | — | $306.2M | ||
| Q2 24 | — | $266.5M | ||
| Q1 24 | — | $182.4M |
| Q4 25 | — | 17.8% | ||
| Q3 25 | — | 30.3% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | -5.9% | ||
| Q4 24 | — | 17.3% | ||
| Q3 24 | — | 20.0% | ||
| Q2 24 | — | 20.4% | ||
| Q1 24 | — | 14.3% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 0.8% |
| Q4 25 | 7.34× | 1.42× | ||
| Q3 25 | 1.60× | 1.77× | ||
| Q2 25 | 2.57× | 2.23× | ||
| Q1 25 | -1.37× | — | ||
| Q4 24 | 3.54× | 2.46× | ||
| Q3 24 | 1.13× | 1.38× | ||
| Q2 24 | 0.85× | 4.44× | ||
| Q1 24 | 0.02× | 2.62× |
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% |
MCY
Segment breakdown not available.
