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Side-by-side financial comparison of GRAPHIC PACKAGING HOLDING CO (GPK) and M/I HOMES, INC. (MHO). 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 $1.1B, roughly 1.8× M/I HOMES, INC.). M/I HOMES, INC. runs the higher net margin — 5.6% vs 3.4%, a 2.2% gap on every dollar of revenue. On growth, GRAPHIC PACKAGING HOLDING CO posted the faster year-over-year revenue change (0.2% vs -4.8%). Over the past eight quarters, M/I HOMES, INC.'s revenue compounded faster (4.7% 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...
M/I Homes, Inc. is a leading U.S. residential construction company that designs, builds and sells single-family homes, townhomes and duplexes across multiple U.S. states. It caters to entry-level, move-up and luxury homebuyers, offering energy-efficient designs, flexible floor plans and personalized customization options.
GPK vs MHO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.1B |
| Net Profit | $71.0M | $64.0M |
| Gross Margin | 14.1% | 17.4% |
| Operating Margin | 7.4% | 6.5% |
| Net Margin | 3.4% | 5.6% |
| Revenue YoY | 0.2% | -4.8% |
| Net Profit YoY | -48.6% | -52.1% |
| EPS (diluted) | $0.24 | $2.42 |
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 | $1.1B | ||
| Q3 25 | $2.2B | $1.1B | ||
| Q2 25 | $2.2B | $1.2B | ||
| Q1 25 | $2.1B | $976.1M | ||
| Q4 24 | $2.1B | $1.2B | ||
| Q3 24 | $2.2B | $1.1B | ||
| Q2 24 | $2.2B | $1.1B | ||
| Q1 24 | $2.3B | $1.0B |
| Q4 25 | $71.0M | $64.0M | ||
| Q3 25 | $142.0M | $106.5M | ||
| Q2 25 | $104.0M | $121.2M | ||
| Q1 25 | $127.0M | $111.2M | ||
| Q4 24 | $138.0M | $133.5M | ||
| Q3 24 | $165.0M | $145.4M | ||
| Q2 24 | $190.0M | $146.7M | ||
| Q1 24 | $165.0M | $138.1M |
| Q4 25 | 14.1% | 17.4% | ||
| Q3 25 | 19.6% | 24.5% | ||
| Q2 25 | 18.7% | 24.7% | ||
| Q1 25 | 20.6% | 25.9% | ||
| Q4 24 | 21.4% | 24.6% | ||
| Q3 24 | 22.3% | 27.1% | ||
| Q2 24 | 21.2% | 27.9% | ||
| Q1 24 | 23.0% | 27.1% |
| Q4 25 | 7.4% | 6.5% | ||
| Q3 25 | 10.7% | 12.0% | ||
| Q2 25 | 8.8% | 13.4% | ||
| Q1 25 | 10.5% | 14.4% | ||
| Q4 24 | 11.4% | 13.6% | ||
| Q3 24 | 12.6% | 15.9% | ||
| Q2 24 | 14.5% | 16.8% | ||
| Q1 24 | 12.4% | 16.6% |
| Q4 25 | 3.4% | 5.6% | ||
| Q3 25 | 6.5% | 9.4% | ||
| Q2 25 | 4.7% | 10.4% | ||
| Q1 25 | 6.0% | 11.4% | ||
| Q4 24 | 6.6% | 11.1% | ||
| Q3 24 | 7.5% | 12.7% | ||
| Q2 24 | 8.5% | 13.2% | ||
| Q1 24 | 7.3% | 13.2% |
| Q4 25 | $0.24 | $2.42 | ||
| Q3 25 | $0.48 | $3.92 | ||
| Q2 25 | $0.34 | $4.42 | ||
| Q1 25 | $0.42 | $3.98 | ||
| Q4 24 | $0.46 | $4.71 | ||
| Q3 24 | $0.55 | $5.10 | ||
| Q2 24 | $0.62 | $5.12 | ||
| Q1 24 | $0.53 | $4.78 |
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 | — |
| Stockholders' EquityBook value | $3.3B | $3.2B |
| Total Assets | $11.8B | $4.8B |
| Debt / EquityLower = less leverage | 1.51× | — |
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 | — | ||
| 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 | — |
| Q4 25 | $3.3B | $3.2B | ||
| Q3 25 | $3.3B | $3.1B | ||
| Q2 25 | $3.2B | $3.1B | ||
| Q1 25 | $3.2B | $3.0B | ||
| Q4 24 | $3.0B | $2.9B | ||
| Q3 24 | $3.0B | $2.8B | ||
| Q2 24 | $2.8B | $2.7B | ||
| Q1 24 | $2.9B | $2.6B |
| Q4 25 | $11.8B | $4.8B | ||
| Q3 25 | $11.9B | $4.8B | ||
| Q2 25 | $11.8B | $4.7B | ||
| Q1 25 | $11.5B | $4.6B | ||
| Q4 24 | $11.1B | $4.5B | ||
| Q3 24 | $11.2B | $4.5B | ||
| Q2 24 | $10.8B | $4.3B | ||
| Q1 24 | $11.3B | $4.2B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $521.0M | $-8.7M |
| Free Cash FlowOCF − Capex | — | $-13.0M |
| FCF MarginFCF / Revenue | — | -1.1% |
| Capex IntensityCapex / Revenue | — | 0.4% |
| Cash ConversionOCF / Net Profit | 7.34× | -0.14× |
| TTM Free Cash FlowTrailing 4 quarters | — | $127.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $521.0M | $-8.7M | ||
| Q3 25 | $227.0M | $43.4M | ||
| Q2 25 | $267.0M | $37.8M | ||
| Q1 25 | $-174.0M | $64.9M | ||
| Q4 24 | $489.0M | $104.4M | ||
| Q3 24 | $187.0M | $-67.9M | ||
| Q2 24 | $161.0M | $27.5M | ||
| Q1 24 | $3.0M | $115.8M |
| Q4 25 | — | $-13.0M | ||
| Q3 25 | — | $42.0M | ||
| Q2 25 | — | $35.1M | ||
| Q1 25 | — | $63.5M | ||
| Q4 24 | — | $102.3M | ||
| Q3 24 | — | $-68.5M | ||
| Q2 24 | — | $22.0M | ||
| Q1 24 | — | $115.5M |
| Q4 25 | — | -1.1% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | 6.5% | ||
| Q4 24 | — | 8.5% | ||
| Q3 24 | — | -6.0% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | — | 11.0% |
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.0% |
| Q4 25 | 7.34× | -0.14× | ||
| Q3 25 | 1.60× | 0.41× | ||
| Q2 25 | 2.57× | 0.31× | ||
| Q1 25 | -1.37× | 0.58× | ||
| Q4 24 | 3.54× | 0.78× | ||
| Q3 24 | 1.13× | -0.47× | ||
| Q2 24 | 0.85× | 0.19× | ||
| Q1 24 | 0.02× | 0.84× |
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% |
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
