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Side-by-side financial comparison of GRAPHIC PACKAGING HOLDING CO (GPK) and NCR Atleos Corp (NATL). 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 $1.2B, roughly 1.8× NCR Atleos Corp). NCR Atleos Corp runs the higher net margin — 7.2% vs 3.4%, a 3.8% gap on every dollar of revenue. On growth, NCR Atleos Corp posted the faster year-over-year revenue change (4.0% vs 0.2%). Over the past eight quarters, NCR Atleos Corp's revenue compounded faster (4.9% 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...
NCR Voyix Corporation, previously known as NCR Corporation and National Cash Register, is a global software, consulting and technology company providing several professional services and electronic products. It manufactured self-service kiosks, point-of-sale terminals, automated teller machines, check processing systems, and barcode scanners.
GPK vs NATL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.2B |
| Net Profit | $71.0M | $83.0M |
| Gross Margin | 14.1% | — |
| Operating Margin | 7.4% | 13.5% |
| Net Margin | 3.4% | 7.2% |
| Revenue YoY | 0.2% | 4.0% |
| Net Profit YoY | -48.6% | 102.4% |
| EPS (diluted) | $0.24 | $1.09 |
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 | $1.2B | ||
| Q3 25 | $2.2B | $1.1B | ||
| Q2 25 | $2.2B | $1.1B | ||
| Q1 25 | $2.1B | $979.0M | ||
| Q4 24 | $2.1B | $1.1B | ||
| Q3 24 | $2.2B | $1.1B | ||
| Q2 24 | $2.2B | $1.1B | ||
| Q1 24 | $2.3B | $1.0B |
| Q4 25 | $71.0M | $83.0M | ||
| Q3 25 | $142.0M | $26.0M | ||
| Q2 25 | $104.0M | $39.0M | ||
| Q1 25 | $127.0M | $14.0M | ||
| Q4 24 | $138.0M | $41.0M | ||
| Q3 24 | $165.0M | $21.0M | ||
| Q2 24 | $190.0M | $27.0M | ||
| Q1 24 | $165.0M | $-9.0M |
| 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% | 13.5% | ||
| Q3 25 | 10.7% | 9.8% | ||
| Q2 25 | 8.8% | 10.8% | ||
| Q1 25 | 10.5% | 9.5% | ||
| Q4 24 | 11.4% | 13.4% | ||
| Q3 24 | 12.6% | 10.6% | ||
| Q2 24 | 14.5% | 9.8% | ||
| Q1 24 | 12.4% | 6.5% |
| Q4 25 | 3.4% | 7.2% | ||
| Q3 25 | 6.5% | 2.3% | ||
| Q2 25 | 4.7% | 3.5% | ||
| Q1 25 | 6.0% | 1.4% | ||
| Q4 24 | 6.6% | 3.7% | ||
| Q3 24 | 7.5% | 2.0% | ||
| Q2 24 | 8.5% | 2.5% | ||
| Q1 24 | 7.3% | -0.9% |
| Q4 25 | $0.24 | $1.09 | ||
| Q3 25 | $0.48 | $0.34 | ||
| Q2 25 | $0.34 | $0.52 | ||
| Q1 25 | $0.42 | $0.19 | ||
| Q4 24 | $0.46 | $0.56 | ||
| Q3 24 | $0.55 | $0.28 | ||
| Q2 24 | $0.62 | $0.37 | ||
| Q1 24 | $0.53 | $-0.13 |
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 | $456.0M |
| Total DebtLower is stronger | $5.0B | $2.7B |
| Stockholders' EquityBook value | $3.3B | $403.0M |
| Total Assets | $11.8B | $5.7B |
| Debt / EquityLower = less leverage | 1.51× | 6.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $261.0M | $456.0M | ||
| Q3 25 | $120.0M | $412.0M | ||
| Q2 25 | $120.0M | $357.0M | ||
| Q1 25 | $129.0M | $352.0M | ||
| Q4 24 | $157.0M | $419.0M | ||
| Q3 24 | $126.0M | $395.0M | ||
| Q2 24 | $125.0M | $374.0M | ||
| Q1 24 | $136.0M | $343.0M |
| Q4 25 | $5.0B | $2.7B | ||
| Q3 25 | $5.5B | $2.8B | ||
| Q2 25 | $5.4B | $2.8B | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $5.1B | $2.9B | ||
| Q3 24 | $5.4B | — | ||
| Q2 24 | $4.9B | — | ||
| Q1 24 | $4.9B | — |
| Q4 25 | $3.3B | $403.0M | ||
| Q3 25 | $3.3B | $330.0M | ||
| Q2 25 | $3.2B | $350.0M | ||
| Q1 25 | $3.2B | $275.0M | ||
| Q4 24 | $3.0B | $219.0M | ||
| Q3 24 | $3.0B | $264.0M | ||
| Q2 24 | $2.8B | $250.0M | ||
| Q1 24 | $2.9B | $283.0M |
| Q4 25 | $11.8B | $5.7B | ||
| Q3 25 | $11.9B | $5.7B | ||
| Q2 25 | $11.8B | $5.8B | ||
| Q1 25 | $11.5B | $5.7B | ||
| Q4 24 | $11.1B | $5.5B | ||
| Q3 24 | $11.2B | $5.7B | ||
| Q2 24 | $10.8B | $5.8B | ||
| Q1 24 | $11.3B | $5.8B |
| Q4 25 | 1.51× | 6.63× | ||
| Q3 25 | 1.67× | 8.45× | ||
| Q2 25 | 1.68× | 8.05× | ||
| Q1 25 | 1.80× | — | ||
| Q4 24 | 1.71× | 13.05× | ||
| 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 | $231.0M |
| Free Cash FlowOCF − Capex | — | $194.0M |
| FCF MarginFCF / Revenue | — | 16.8% |
| Capex IntensityCapex / Revenue | — | 3.2% |
| Cash ConversionOCF / Net Profit | 7.34× | 2.78× |
| TTM Free Cash FlowTrailing 4 quarters | — | $239.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $521.0M | $231.0M | ||
| Q3 25 | $227.0M | $25.0M | ||
| Q2 25 | $267.0M | $-23.0M | ||
| Q1 25 | $-174.0M | $123.0M | ||
| Q4 24 | $489.0M | $80.0M | ||
| Q3 24 | $187.0M | $107.0M | ||
| Q2 24 | $161.0M | $9.0M | ||
| Q1 24 | $3.0M | $148.0M |
| Q4 25 | — | $194.0M | ||
| Q3 25 | — | $-5.0M | ||
| Q2 25 | — | $-44.0M | ||
| Q1 25 | — | $94.0M | ||
| Q4 24 | — | $62.0M | ||
| Q3 24 | — | $85.0M | ||
| Q2 24 | — | $-14.0M | ||
| Q1 24 | — | $124.0M |
| Q4 25 | — | 16.8% | ||
| Q3 25 | — | -0.4% | ||
| Q2 25 | — | -4.0% | ||
| Q1 25 | — | 9.6% | ||
| Q4 24 | — | 5.6% | ||
| Q3 24 | — | 7.9% | ||
| Q2 24 | — | -1.3% | ||
| Q1 24 | — | 11.9% |
| Q4 25 | — | 3.2% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 2.1% | ||
| Q1 24 | — | 2.3% |
| Q4 25 | 7.34× | 2.78× | ||
| Q3 25 | 1.60× | 0.96× | ||
| Q2 25 | 2.57× | -0.59× | ||
| Q1 25 | -1.37× | 8.79× | ||
| Q4 24 | 3.54× | 1.95× | ||
| Q3 24 | 1.13× | 5.10× | ||
| Q2 24 | 0.85× | 0.33× | ||
| Q1 24 | 0.02× | — |
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% |
NATL
| Services | $848.0M | 74% |
| APJ | $136.0M | 12% |
| Americas Excluding United States | $135.0M | 12% |
| TT | $44.0M | 4% |
