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Side-by-side financial comparison of GRAPHIC PACKAGING HOLDING CO (GPK) and OPEN TEXT CORP (OTEX). 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 $1.3B, roughly 1.6× OPEN TEXT CORP). OPEN TEXT CORP runs the higher net margin — 12.7% vs 3.4%, a 9.3% gap on every dollar of revenue. On growth, GRAPHIC PACKAGING HOLDING CO posted the faster year-over-year revenue change (0.2% vs -0.6%). Over the past eight quarters, GRAPHIC PACKAGING HOLDING CO's revenue compounded faster (-3.5% CAGR vs -4.3%).
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...
Open Text Corporation is a global software company that develops and sells information management software.
GPK vs OTEX — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.3B |
| Net Profit | $71.0M | $168.1M |
| Gross Margin | 14.1% | 74.0% |
| Operating Margin | 7.4% | 22.0% |
| Net Margin | 3.4% | 12.7% |
| Revenue YoY | 0.2% | -0.6% |
| Net Profit YoY | -48.6% | -26.9% |
| EPS (diluted) | $0.24 | $0.66 |
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 | $1.3B | ||
| Q3 25 | $2.2B | $1.3B | ||
| Q2 25 | $2.2B | $1.3B | ||
| Q1 25 | $2.1B | $1.3B | ||
| Q4 24 | $2.1B | $1.3B | ||
| Q3 24 | $2.2B | $1.3B | ||
| Q2 24 | $2.2B | $1.4B | ||
| Q1 24 | $2.3B | $1.4B |
| Q4 25 | $71.0M | $168.1M | ||
| Q3 25 | $142.0M | $146.6M | ||
| Q2 25 | $104.0M | $28.8M | ||
| Q1 25 | $127.0M | $92.8M | ||
| Q4 24 | $138.0M | $229.9M | ||
| Q3 24 | $165.0M | $84.4M | ||
| Q2 24 | $190.0M | $248.2M | ||
| Q1 24 | $165.0M | $98.3M |
| Q4 25 | 14.1% | 74.0% | ||
| Q3 25 | 19.6% | 72.8% | ||
| Q2 25 | 18.7% | 72.3% | ||
| Q1 25 | 20.6% | 71.6% | ||
| Q4 24 | 21.4% | 73.3% | ||
| Q3 24 | 22.3% | 71.7% | ||
| Q2 24 | 21.2% | 72.5% | ||
| Q1 24 | 23.0% | 73.0% |
| Q4 25 | 7.4% | 22.0% | ||
| Q3 25 | 10.7% | 21.0% | ||
| Q2 25 | 8.8% | 13.9% | ||
| Q1 25 | 10.5% | 16.7% | ||
| Q4 24 | 11.4% | 22.2% | ||
| Q3 24 | 12.6% | 16.3% | ||
| Q2 24 | 14.5% | 14.2% | ||
| Q1 24 | 12.4% | 15.7% |
| Q4 25 | 3.4% | 12.7% | ||
| Q3 25 | 6.5% | 11.4% | ||
| Q2 25 | 4.7% | 2.2% | ||
| Q1 25 | 6.0% | 7.4% | ||
| Q4 24 | 6.6% | 17.2% | ||
| Q3 24 | 7.5% | 6.6% | ||
| Q2 24 | 8.5% | 18.2% | ||
| Q1 24 | 7.3% | 6.8% |
| Q4 25 | $0.24 | $0.66 | ||
| Q3 25 | $0.48 | $0.58 | ||
| Q2 25 | $0.34 | $0.11 | ||
| Q1 25 | $0.42 | $0.35 | ||
| Q4 24 | $0.46 | $0.87 | ||
| Q3 24 | $0.55 | $0.32 | ||
| Q2 24 | $0.62 | $0.91 | ||
| Q1 24 | $0.53 | $0.36 |
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 | $1.3B |
| Total DebtLower is stronger | $5.0B | $6.4B |
| Stockholders' EquityBook value | $3.3B | $4.0B |
| Total Assets | $11.8B | $13.6B |
| Debt / EquityLower = less leverage | 1.51× | 1.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $261.0M | $1.3B | ||
| Q3 25 | $120.0M | $1.1B | ||
| Q2 25 | $120.0M | $1.2B | ||
| Q1 25 | $129.0M | $1.3B | ||
| Q4 24 | $157.0M | $1.1B | ||
| Q3 24 | $126.0M | $1.0B | ||
| Q2 24 | $125.0M | $1.3B | ||
| Q1 24 | $136.0M | $1.1B |
| Q4 25 | $5.0B | $6.4B | ||
| Q3 25 | $5.5B | $6.4B | ||
| Q2 25 | $5.4B | $6.4B | ||
| Q1 25 | $5.7B | $6.4B | ||
| Q4 24 | $5.1B | $6.4B | ||
| Q3 24 | $5.4B | $6.4B | ||
| Q2 24 | $4.9B | $6.4B | ||
| Q1 24 | $4.9B | $8.4B |
| Q4 25 | $3.3B | $4.0B | ||
| Q3 25 | $3.3B | $4.0B | ||
| Q2 25 | $3.2B | $3.9B | ||
| Q1 25 | $3.2B | $4.1B | ||
| Q4 24 | $3.0B | $4.2B | ||
| Q3 24 | $3.0B | $4.1B | ||
| Q2 24 | $2.8B | $4.2B | ||
| Q1 24 | $2.9B | $4.1B |
| Q4 25 | $11.8B | $13.6B | ||
| Q3 25 | $11.9B | $13.5B | ||
| Q2 25 | $11.8B | $13.8B | ||
| Q1 25 | $11.5B | $13.8B | ||
| Q4 24 | $11.1B | $13.7B | ||
| Q3 24 | $11.2B | $13.8B | ||
| Q2 24 | $10.8B | $14.2B | ||
| Q1 24 | $11.3B | $16.4B |
| Q4 25 | 1.51× | 1.58× | ||
| Q3 25 | 1.67× | 1.61× | ||
| Q2 25 | 1.68× | 1.62× | ||
| Q1 25 | 1.80× | 1.55× | ||
| Q4 24 | 1.71× | 1.51× | ||
| Q3 24 | 1.79× | 1.55× | ||
| Q2 24 | 1.75× | 1.52× | ||
| Q1 24 | 1.73× | 2.02× |
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 | $318.7M |
| Free Cash FlowOCF − Capex | — | $279.4M |
| FCF MarginFCF / Revenue | — | 21.1% |
| Capex IntensityCapex / Revenue | — | 3.0% |
| Cash ConversionOCF / Net Profit | 7.34× | 1.90× |
| TTM Free Cash FlowTrailing 4 quarters | — | $878.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $521.0M | $318.7M | ||
| Q3 25 | $227.0M | $147.8M | ||
| Q2 25 | $267.0M | $158.2M | ||
| Q1 25 | $-174.0M | $402.2M | ||
| Q4 24 | $489.0M | $348.0M | ||
| Q3 24 | $187.0M | $-77.8M | ||
| Q2 24 | $161.0M | $185.2M | ||
| Q1 24 | $3.0M | $384.7M |
| Q4 25 | — | $279.4M | ||
| Q3 25 | — | $101.2M | ||
| Q2 25 | — | $124.0M | ||
| Q1 25 | — | $373.8M | ||
| Q4 24 | — | $306.7M | ||
| Q3 24 | — | $-117.1M | ||
| Q2 24 | — | $145.2M | ||
| Q1 24 | — | $348.2M |
| Q4 25 | — | 21.1% | ||
| Q3 25 | — | 7.9% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | 29.8% | ||
| Q4 24 | — | 23.0% | ||
| Q3 24 | — | -9.2% | ||
| Q2 24 | — | 10.7% | ||
| Q1 24 | — | 24.1% |
| Q4 25 | — | 3.0% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 3.1% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 2.5% |
| Q4 25 | 7.34× | 1.90× | ||
| Q3 25 | 1.60× | 1.01× | ||
| Q2 25 | 2.57× | 5.49× | ||
| Q1 25 | -1.37× | 4.33× | ||
| Q4 24 | 3.54× | 1.51× | ||
| Q3 24 | 1.13× | -0.92× | ||
| Q2 24 | 0.85× | 0.75× | ||
| Q1 24 | 0.02× | 3.91× |
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% |
OTEX
| Transferred At Point In Time | $184.2M | 14% |
| Cybersecurity Enterprise Product | $174.5M | 13% |
| Business Network Product | $159.8M | 12% |
| Business Network Cloud Services And Subscriptions | $151.4M | 11% |
| Content Cloud Services And Subscriptions | $137.9M | 10% |
| Cybersecurity SMB Consumer Product | $127.6M | 10% |
| Application Delivery Management Product | $120.1M | 9% |
| IT Operations Management Product | $113.3M | 9% |
| Professional Service And Other | $82.5M | 6% |
| Analytics Product | $58.1M | 4% |
| IT Operations Management Cloud Services And Subscriptions | $7.8M | 1% |
