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Side-by-side financial comparison of GRAPHIC PACKAGING HOLDING CO (GPK) and PACS Group, Inc. (PACS). 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 $1.4B, roughly 1.5× PACS Group, Inc.). PACS Group, Inc. runs the higher net margin — 4.4% vs 3.4%, a 1.0% gap on every dollar of revenue. On growth, PACS Group, Inc. posted the faster year-over-year revenue change (18.4% vs 0.2%). Over the past eight quarters, PACS Group, Inc.'s revenue compounded faster (20.5% 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...
GPK vs PACS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.4B |
| Net Profit | $71.0M | $59.7M |
| Gross Margin | 14.1% | — |
| Operating Margin | 7.4% | 7.0% |
| Net Margin | 3.4% | 4.4% |
| Revenue YoY | 0.2% | 18.4% |
| Net Profit YoY | -48.6% | 3022.5% |
| EPS (diluted) | $0.24 | $0.42 |
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 | $1.4B | ||
| Q3 25 | $2.2B | $1.3B | ||
| Q2 25 | $2.2B | $1.3B | ||
| Q1 25 | $2.1B | $1.3B | ||
| Q4 24 | $2.1B | $1.1B | ||
| Q3 24 | $2.2B | $1.0B | ||
| Q2 24 | $2.2B | $981.4M | ||
| Q1 24 | $2.3B | $934.3M |
| Q4 25 | $71.0M | $59.7M | ||
| Q3 25 | $142.0M | $52.4M | ||
| Q2 25 | $104.0M | $51.0M | ||
| Q1 25 | $127.0M | $28.5M | ||
| Q4 24 | $138.0M | $1.9M | ||
| Q3 24 | $165.0M | $15.6M | ||
| Q2 24 | $190.0M | $-10.9M | ||
| Q1 24 | $165.0M | $49.1M |
| Q4 25 | 14.1% | — | ||
| Q3 25 | 19.6% | — | ||
| Q2 25 | 18.7% | — | ||
| Q1 25 | 20.6% | — | ||
| Q4 24 | 21.4% | — | ||
| Q3 24 | 22.3% | 17.1% | ||
| Q2 24 | 21.2% | 22.3% | ||
| Q1 24 | 23.0% | 21.2% |
| Q4 25 | 7.4% | 7.0% | ||
| Q3 25 | 10.7% | 6.4% | ||
| Q2 25 | 8.8% | 6.2% | ||
| Q1 25 | 10.5% | 3.8% | ||
| Q4 24 | 11.4% | 1.7% | ||
| Q3 24 | 12.6% | 2.2% | ||
| Q2 24 | 14.5% | 0.1% | ||
| Q1 24 | 12.4% | 8.6% |
| Q4 25 | 3.4% | 4.4% | ||
| Q3 25 | 6.5% | 3.9% | ||
| Q2 25 | 4.7% | 3.9% | ||
| Q1 25 | 6.0% | 2.2% | ||
| Q4 24 | 6.6% | 0.2% | ||
| Q3 24 | 7.5% | 1.5% | ||
| Q2 24 | 8.5% | -1.1% | ||
| Q1 24 | 7.3% | 5.3% |
| Q4 25 | $0.24 | $0.42 | ||
| Q3 25 | $0.48 | $0.32 | ||
| Q2 25 | $0.34 | $0.31 | ||
| Q1 25 | $0.42 | $0.17 | ||
| Q4 24 | $0.46 | $-0.03 | ||
| Q3 24 | $0.55 | $0.10 | ||
| Q2 24 | $0.62 | $-0.07 | ||
| Q1 24 | $0.53 | $0.38 |
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 | $197.0M |
| Total DebtLower is stronger | $5.0B | $353.2M |
| Stockholders' EquityBook value | $3.3B | $946.8M |
| Total Assets | $11.8B | $5.6B |
| Debt / EquityLower = less leverage | 1.51× | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $261.0M | $197.0M | ||
| Q3 25 | $120.0M | $355.7M | ||
| Q2 25 | $120.0M | $294.2M | ||
| Q1 25 | $129.0M | $287.5M | ||
| Q4 24 | $157.0M | $157.7M | ||
| Q3 24 | $126.0M | $49.5M | ||
| Q2 24 | $125.0M | $73.4M | ||
| Q1 24 | $136.0M | $81.2M |
| Q4 25 | $5.0B | $353.2M | ||
| Q3 25 | $5.5B | — | ||
| Q2 25 | $5.4B | — | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $5.1B | $411.9M | ||
| Q3 24 | $5.4B | — | ||
| Q2 24 | $4.9B | — | ||
| Q1 24 | $4.9B | — |
| Q4 25 | $3.3B | $946.8M | ||
| Q3 25 | $3.3B | $871.3M | ||
| Q2 25 | $3.2B | $806.8M | ||
| Q1 25 | $3.2B | $750.2M | ||
| Q4 24 | $3.0B | $709.6M | ||
| Q3 24 | $3.0B | $660.0M | ||
| Q2 24 | $2.8B | $572.1M | ||
| Q1 24 | $2.9B | $128.0M |
| Q4 25 | $11.8B | $5.6B | ||
| Q3 25 | $11.9B | $5.6B | ||
| Q2 25 | $11.8B | $5.5B | ||
| Q1 25 | $11.5B | $5.5B | ||
| Q4 24 | $11.1B | $5.2B | ||
| Q3 24 | $11.2B | $4.5B | ||
| Q2 24 | $10.8B | $3.9B | ||
| Q1 24 | $11.3B | $3.9B |
| Q4 25 | 1.51× | 0.37× | ||
| Q3 25 | 1.67× | — | ||
| Q2 25 | 1.68× | — | ||
| Q1 25 | 1.80× | — | ||
| Q4 24 | 1.71× | 0.58× | ||
| 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 | $-3.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 7.34× | -0.06× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $521.0M | $-3.4M | ||
| Q3 25 | $227.0M | $204.8M | ||
| Q2 25 | $267.0M | $52.6M | ||
| Q1 25 | $-174.0M | $150.2M | ||
| Q4 24 | $489.0M | $64.6M | ||
| Q3 24 | $187.0M | $209.2M | ||
| Q2 24 | $161.0M | $34.8M | ||
| Q1 24 | $3.0M | $58.8M |
| Q4 25 | 7.34× | -0.06× | ||
| Q3 25 | 1.60× | 3.91× | ||
| Q2 25 | 2.57× | 1.03× | ||
| Q1 25 | -1.37× | 5.28× | ||
| Q4 24 | 3.54× | 33.78× | ||
| Q3 24 | 1.13× | 13.39× | ||
| Q2 24 | 0.85× | — | ||
| Q1 24 | 0.02× | 1.20× |
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% |
PACS
Segment breakdown not available.
