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Side-by-side financial comparison of GRAPHIC PACKAGING HOLDING CO (GPK) and Organon & Co. (OGN). 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× Organon & Co.). GRAPHIC PACKAGING HOLDING CO runs the higher net margin — 3.4% vs -13.6%, a 17.0% gap on every dollar of revenue. On growth, GRAPHIC PACKAGING HOLDING CO posted the faster year-over-year revenue change (0.2% vs -5.3%). Over the past eight quarters, GRAPHIC PACKAGING HOLDING CO's revenue compounded faster (-3.5% CAGR vs -3.6%).
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...
Organon & Co. is an American pharmaceutical company headquartered in Jersey City, New Jersey. Organon specializes in the following core therapeutic fields: reproductive medicine, contraception, psychiatry, hormone replacement therapy (HRT), and anesthesia. Organon produces all its products outside of the United States but receives a third of its revenue from the United States.
GPK vs OGN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.5B |
| Net Profit | $71.0M | $-205.0M |
| Gross Margin | 14.1% | 49.2% |
| Operating Margin | 7.4% | -9.8% |
| Net Margin | 3.4% | -13.6% |
| Revenue YoY | 0.2% | -5.3% |
| Net Profit YoY | -48.6% | -288.1% |
| EPS (diluted) | $0.24 | $-0.78 |
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 | $1.6B | ||
| Q1 25 | $2.1B | $1.5B | ||
| Q4 24 | $2.1B | $1.6B | ||
| Q3 24 | $2.2B | $1.6B | ||
| Q2 24 | $2.2B | $1.6B | ||
| Q1 24 | $2.3B | $1.6B |
| Q4 25 | $71.0M | $-205.0M | ||
| Q3 25 | $142.0M | $160.0M | ||
| Q2 25 | $104.0M | $145.0M | ||
| Q1 25 | $127.0M | $87.0M | ||
| Q4 24 | $138.0M | $109.0M | ||
| Q3 24 | $165.0M | $359.0M | ||
| Q2 24 | $190.0M | $195.0M | ||
| Q1 24 | $165.0M | $201.0M |
| Q4 25 | 14.1% | 49.2% | ||
| Q3 25 | 19.6% | 53.5% | ||
| Q2 25 | 18.7% | 54.8% | ||
| Q1 25 | 20.6% | 55.6% | ||
| Q4 24 | 21.4% | 56.3% | ||
| Q3 24 | 22.3% | 58.3% | ||
| Q2 24 | 21.2% | 58.4% | ||
| Q1 24 | 23.0% | 59.0% |
| Q4 25 | 7.4% | -9.8% | ||
| Q3 25 | 10.7% | 15.2% | ||
| Q2 25 | 8.8% | 14.4% | ||
| Q1 25 | 10.5% | 6.7% | ||
| Q4 24 | 11.4% | 8.1% | ||
| Q3 24 | 12.6% | 13.1% | ||
| Q2 24 | 14.5% | 14.6% | ||
| Q1 24 | 12.4% | 14.5% |
| Q4 25 | 3.4% | -13.6% | ||
| Q3 25 | 6.5% | 10.0% | ||
| Q2 25 | 4.7% | 9.1% | ||
| Q1 25 | 6.0% | 5.8% | ||
| Q4 24 | 6.6% | 6.8% | ||
| Q3 24 | 7.5% | 22.7% | ||
| Q2 24 | 8.5% | 12.1% | ||
| Q1 24 | 7.3% | 12.4% |
| Q4 25 | $0.24 | $-0.78 | ||
| Q3 25 | $0.48 | $0.61 | ||
| Q2 25 | $0.34 | $0.56 | ||
| Q1 25 | $0.42 | $0.33 | ||
| Q4 24 | $0.46 | $0.42 | ||
| Q3 24 | $0.55 | $1.38 | ||
| Q2 24 | $0.62 | $0.75 | ||
| Q1 24 | $0.53 | $0.78 |
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 | $574.0M |
| Total DebtLower is stronger | $5.0B | $8.6B |
| Stockholders' EquityBook value | $3.3B | $752.0M |
| Total Assets | $11.8B | $12.9B |
| Debt / EquityLower = less leverage | 1.51× | 11.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $261.0M | $574.0M | ||
| Q3 25 | $120.0M | $672.0M | ||
| Q2 25 | $120.0M | $599.0M | ||
| Q1 25 | $129.0M | $547.0M | ||
| Q4 24 | $157.0M | $675.0M | ||
| Q3 24 | $126.0M | $763.0M | ||
| Q2 24 | $125.0M | $704.0M | ||
| Q1 24 | $136.0M | $575.0M |
| Q4 25 | $5.0B | $8.6B | ||
| Q3 25 | $5.5B | $8.8B | ||
| Q2 25 | $5.4B | $8.9B | ||
| Q1 25 | $5.7B | $9.0B | ||
| Q4 24 | $5.1B | $8.9B | ||
| Q3 24 | $5.4B | $8.7B | ||
| Q2 24 | $4.9B | $8.7B | ||
| Q1 24 | $4.9B | $8.7B |
| Q4 25 | $3.3B | $752.0M | ||
| Q3 25 | $3.3B | $906.0M | ||
| Q2 25 | $3.2B | $733.0M | ||
| Q1 25 | $3.2B | $542.0M | ||
| Q4 24 | $3.0B | $472.0M | ||
| Q3 24 | $3.0B | $493.0M | ||
| Q2 24 | $2.8B | $144.0M | ||
| Q1 24 | $2.9B | $48.0M |
| Q4 25 | $11.8B | $12.9B | ||
| Q3 25 | $11.9B | $13.6B | ||
| Q2 25 | $11.8B | $13.5B | ||
| Q1 25 | $11.5B | $13.2B | ||
| Q4 24 | $11.1B | $13.1B | ||
| Q3 24 | $11.2B | $12.8B | ||
| Q2 24 | $10.8B | $12.2B | ||
| Q1 24 | $11.3B | $11.9B |
| Q4 25 | 1.51× | 11.49× | ||
| Q3 25 | 1.67× | 9.74× | ||
| Q2 25 | 1.68× | 12.14× | ||
| Q1 25 | 1.80× | 16.52× | ||
| Q4 24 | 1.71× | 18.81× | ||
| Q3 24 | 1.79× | 17.75× | ||
| Q2 24 | 1.75× | 60.11× | ||
| Q1 24 | 1.73× | 181.54× |
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 | $141.0M |
| Free Cash FlowOCF − Capex | — | $96.0M |
| FCF MarginFCF / Revenue | — | 6.4% |
| Capex IntensityCapex / Revenue | — | 3.0% |
| Cash ConversionOCF / Net Profit | 7.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $538.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $521.0M | $141.0M | ||
| Q3 25 | $227.0M | $264.0M | ||
| Q2 25 | $267.0M | $220.0M | ||
| Q1 25 | $-174.0M | $75.0M | ||
| Q4 24 | $489.0M | $390.0M | ||
| Q3 24 | $187.0M | $141.0M | ||
| Q2 24 | $161.0M | $332.0M | ||
| Q1 24 | $3.0M | $76.0M |
| Q4 25 | — | $96.0M | ||
| Q3 25 | — | $218.0M | ||
| Q2 25 | — | $181.0M | ||
| Q1 25 | — | $43.0M | ||
| Q4 24 | — | $335.0M | ||
| Q3 24 | — | $99.0M | ||
| Q2 24 | — | $300.0M | ||
| Q1 24 | — | $30.0M |
| Q4 25 | — | 6.4% | ||
| Q3 25 | — | 13.6% | ||
| Q2 25 | — | 11.4% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | — | 21.0% | ||
| Q3 24 | — | 6.3% | ||
| Q2 24 | — | 18.7% | ||
| Q1 24 | — | 1.8% |
| Q4 25 | — | 3.0% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | — | 2.8% |
| Q4 25 | 7.34× | — | ||
| Q3 25 | 1.60× | 1.65× | ||
| Q2 25 | 2.57× | 1.52× | ||
| Q1 25 | -1.37× | 0.86× | ||
| Q4 24 | 3.54× | 3.58× | ||
| Q3 24 | 1.13× | 0.39× | ||
| Q2 24 | 0.85× | 1.70× | ||
| Q1 24 | 0.02× | 0.38× |
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% |
OGN
Segment breakdown not available.
