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Side-by-side financial comparison of GRAPHIC PACKAGING HOLDING CO (GPK) and BeOne Medicines Ltd. (ONC). 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× BeOne Medicines Ltd.). BeOne Medicines Ltd. runs the higher net margin — 4.4% vs 3.4%, a 1.0% gap on every dollar of revenue. On growth, BeOne Medicines Ltd. posted the faster year-over-year revenue change (32.8% vs 0.2%). Over the past eight quarters, BeOne Medicines Ltd.'s revenue compounded faster (41.2% 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...

BeOne Medicines, formerly known as BeiGene, Ltd. is a multinational oncology company. It specializes in the development of drugs for cancer treatment.

GPK vs ONC — Head-to-Head

Bigger by revenue
GPK
GPK
1.4× larger
GPK
$2.1B
$1.5B
ONC
Growing faster (revenue YoY)
ONC
ONC
+32.6% gap
ONC
32.8%
0.2%
GPK
Higher net margin
ONC
ONC
1.0% more per $
ONC
4.4%
3.4%
GPK
Faster 2-yr revenue CAGR
ONC
ONC
Annualised
ONC
41.2%
-3.5%
GPK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GPK
GPK
ONC
ONC
Revenue
$2.1B
$1.5B
Net Profit
$71.0M
$66.5M
Gross Margin
14.1%
90.5%
Operating Margin
7.4%
12.4%
Net Margin
3.4%
4.4%
Revenue YoY
0.2%
32.8%
Net Profit YoY
-48.6%
143.8%
EPS (diluted)
$0.24
$0.05

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.

Revenue
GPK
GPK
ONC
ONC
Q4 25
$2.1B
$1.5B
Q3 25
$2.2B
$1.4B
Q2 25
$2.2B
$1.3B
Q1 25
$2.1B
$1.1B
Q4 24
$2.1B
$1.1B
Q3 24
$2.2B
$1.0B
Q2 24
$2.2B
$929.2M
Q1 24
$2.3B
$751.7M
Net Profit
GPK
GPK
ONC
ONC
Q4 25
$71.0M
$66.5M
Q3 25
$142.0M
$124.8M
Q2 25
$104.0M
$94.3M
Q1 25
$127.0M
$1.3M
Q4 24
$138.0M
$-151.9M
Q3 24
$165.0M
$-121.3M
Q2 24
$190.0M
$-120.4M
Q1 24
$165.0M
$-251.2M
Gross Margin
GPK
GPK
ONC
ONC
Q4 25
14.1%
90.5%
Q3 25
19.6%
86.1%
Q2 25
18.7%
87.5%
Q1 25
20.6%
85.2%
Q4 24
21.4%
85.8%
Q3 24
22.3%
83.0%
Q2 24
21.2%
85.1%
Q1 24
23.0%
83.4%
Operating Margin
GPK
GPK
ONC
ONC
Q4 25
7.4%
12.4%
Q3 25
10.7%
11.5%
Q2 25
8.8%
6.7%
Q1 25
10.5%
1.0%
Q4 24
11.4%
-7.0%
Q3 24
12.6%
-12.0%
Q2 24
14.5%
-11.5%
Q1 24
12.4%
-34.8%
Net Margin
GPK
GPK
ONC
ONC
Q4 25
3.4%
4.4%
Q3 25
6.5%
8.8%
Q2 25
4.7%
7.2%
Q1 25
6.0%
0.1%
Q4 24
6.6%
-13.5%
Q3 24
7.5%
-12.1%
Q2 24
8.5%
-13.0%
Q1 24
7.3%
-33.4%
EPS (diluted)
GPK
GPK
ONC
ONC
Q4 25
$0.24
$0.05
Q3 25
$0.48
$0.08
Q2 25
$0.34
$0.06
Q1 25
$0.42
$0.00
Q4 24
$0.46
$-0.10
Q3 24
$0.55
$-0.09
Q2 24
$0.62
$-0.09
Q1 24
$0.53
$-0.19

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GPK
GPK
ONC
ONC
Cash + ST InvestmentsLiquidity on hand
$261.0M
$4.5B
Total DebtLower is stronger
$5.0B
$836.4M
Stockholders' EquityBook value
$3.3B
$4.4B
Total Assets
$11.8B
$8.2B
Debt / EquityLower = less leverage
1.51×
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GPK
GPK
ONC
ONC
Q4 25
$261.0M
$4.5B
Q3 25
$120.0M
$4.0B
Q2 25
$120.0M
$2.8B
Q1 25
$129.0M
$2.5B
Q4 24
$157.0M
$2.6B
Q3 24
$126.0M
$2.7B
Q2 24
$125.0M
$2.6B
Q1 24
$136.0M
$2.8B
Total Debt
GPK
GPK
ONC
ONC
Q4 25
$5.0B
$836.4M
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
Stockholders' Equity
GPK
GPK
ONC
ONC
Q4 25
$3.3B
$4.4B
Q3 25
$3.3B
$4.1B
Q2 25
$3.2B
$3.8B
Q1 25
$3.2B
$3.5B
Q4 24
$3.0B
$3.3B
Q3 24
$3.0B
$3.4B
Q2 24
$2.8B
$3.4B
Q1 24
$2.9B
$3.4B
Total Assets
GPK
GPK
ONC
ONC
Q4 25
$11.8B
$8.2B
Q3 25
$11.9B
$7.6B
Q2 25
$11.8B
$6.3B
Q1 25
$11.5B
$5.8B
Q4 24
$11.1B
$5.9B
Q3 24
$11.2B
$5.8B
Q2 24
$10.8B
$5.7B
Q1 24
$11.3B
$5.7B
Debt / Equity
GPK
GPK
ONC
ONC
Q4 25
1.51×
0.19×
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
GPK
GPK
ONC
ONC
Operating Cash FlowLast quarter
$521.0M
$417.3M
Free Cash FlowOCF − Capex
$379.8M
FCF MarginFCF / Revenue
25.4%
Capex IntensityCapex / Revenue
2.5%
Cash ConversionOCF / Net Profit
7.34×
6.28×
TTM Free Cash FlowTrailing 4 quarters
$941.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GPK
GPK
ONC
ONC
Q4 25
$521.0M
$417.3M
Q3 25
$227.0M
$402.6M
Q2 25
$267.0M
$263.6M
Q1 25
$-174.0M
$44.1M
Q4 24
$489.0M
$75.2M
Q3 24
$187.0M
$188.4M
Q2 24
$161.0M
$-95.6M
Q1 24
$3.0M
$-308.6M
Free Cash Flow
GPK
GPK
ONC
ONC
Q4 25
$379.8M
Q3 25
$354.5M
Q2 25
$219.8M
Q1 25
$-12.3M
Q4 24
$-17.3M
Q3 24
$54.7M
Q2 24
$-205.5M
Q1 24
$-465.1M
FCF Margin
GPK
GPK
ONC
ONC
Q4 25
25.4%
Q3 25
25.1%
Q2 25
16.7%
Q1 25
-1.1%
Q4 24
-1.5%
Q3 24
5.5%
Q2 24
-22.1%
Q1 24
-61.9%
Capex Intensity
GPK
GPK
ONC
ONC
Q4 25
2.5%
Q3 25
3.4%
Q2 25
3.3%
Q1 25
5.0%
Q4 24
8.2%
Q3 24
13.3%
Q2 24
11.8%
Q1 24
20.8%
Cash Conversion
GPK
GPK
ONC
ONC
Q4 25
7.34×
6.28×
Q3 25
1.60×
3.22×
Q2 25
2.57×
2.79×
Q1 25
-1.37×
34.71×
Q4 24
3.54×
Q3 24
1.13×
Q2 24
0.85×
Q1 24
0.02×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GPK
GPK

Americas Paperboard Packaging$1.4B68%
Other$667.0M32%

ONC
ONC

Segment breakdown not available.

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