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Side-by-side financial comparison of GRAPHIC PACKAGING HOLDING CO (GPK) and PulteGroup (PHM). Click either name above to swap in a different company.
PulteGroup is the larger business by last-quarter revenue ($3.4B vs $2.1B, roughly 1.6× GRAPHIC PACKAGING HOLDING CO). PulteGroup runs the higher net margin — 10.2% vs 3.4%, a 6.8% gap on every dollar of revenue. On growth, GRAPHIC PACKAGING HOLDING CO posted the faster year-over-year revenue change (0.2% vs -12.4%). Over the past eight quarters, GRAPHIC PACKAGING HOLDING CO's revenue compounded faster (-3.5% CAGR vs -13.9%).
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...
PulteGroup, Inc. is an American residential home-construction company based in Atlanta, Georgia, United States. As of 2023, the company is the third-largest home-construction company in the United States based on the number of homes closed. In total, the company has built over 775,000 homes.
GPK vs PHM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $3.4B |
| Net Profit | $71.0M | $347.0M |
| Gross Margin | 14.1% | — |
| Operating Margin | 7.4% | — |
| Net Margin | 3.4% | 10.2% |
| Revenue YoY | 0.2% | -12.4% |
| Net Profit YoY | -48.6% | — |
| EPS (diluted) | $0.24 | — |
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.
| Q1 26 | — | $3.4B | ||
| Q4 25 | $2.1B | $4.6B | ||
| Q3 25 | $2.2B | $4.4B | ||
| Q2 25 | $2.2B | $4.4B | ||
| Q1 25 | $2.1B | $3.9B | ||
| Q4 24 | $2.1B | $4.9B | ||
| Q3 24 | $2.2B | $4.5B | ||
| Q2 24 | $2.2B | $4.6B |
| Q1 26 | — | $347.0M | ||
| Q4 25 | $71.0M | $501.6M | ||
| Q3 25 | $142.0M | $585.8M | ||
| Q2 25 | $104.0M | $608.5M | ||
| Q1 25 | $127.0M | $522.8M | ||
| Q4 24 | $138.0M | $913.2M | ||
| Q3 24 | $165.0M | $697.9M | ||
| Q2 24 | $190.0M | $809.1M |
| Q1 26 | — | — | ||
| Q4 25 | 14.1% | — | ||
| Q3 25 | 19.6% | 27.8% | ||
| Q2 25 | 18.7% | 28.6% | ||
| Q1 25 | 20.6% | 28.8% | ||
| Q4 24 | 21.4% | — | ||
| Q3 24 | 22.3% | 30.4% | ||
| Q2 24 | 21.2% | 31.4% |
| Q1 26 | — | — | ||
| Q4 25 | 7.4% | — | ||
| Q3 25 | 10.7% | — | ||
| Q2 25 | 8.8% | — | ||
| Q1 25 | 10.5% | — | ||
| Q4 24 | 11.4% | — | ||
| Q3 24 | 12.6% | — | ||
| Q2 24 | 14.5% | — |
| Q1 26 | — | 10.2% | ||
| Q4 25 | 3.4% | 10.9% | ||
| Q3 25 | 6.5% | 13.3% | ||
| Q2 25 | 4.7% | 13.8% | ||
| Q1 25 | 6.0% | 13.4% | ||
| Q4 24 | 6.6% | 18.6% | ||
| Q3 24 | 7.5% | 15.6% | ||
| Q2 24 | 8.5% | 17.6% |
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $2.56 | ||
| Q3 25 | $0.48 | $2.96 | ||
| Q2 25 | $0.34 | $3.03 | ||
| Q1 25 | $0.42 | $2.57 | ||
| Q4 24 | $0.46 | $4.41 | ||
| Q3 24 | $0.55 | $3.35 | ||
| Q2 24 | $0.62 | $3.83 |
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 | $1.8B |
| Total DebtLower is stronger | $5.0B | — |
| Stockholders' EquityBook value | $3.3B | $13.0B |
| Total Assets | $11.8B | $5.2B |
| Debt / EquityLower = less leverage | 1.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.8B | ||
| Q4 25 | $261.0M | $2.0B | ||
| Q3 25 | $120.0M | $1.5B | ||
| Q2 25 | $120.0M | $1.2B | ||
| Q1 25 | $129.0M | $1.2B | ||
| Q4 24 | $157.0M | $1.6B | ||
| Q3 24 | $126.0M | $1.4B | ||
| Q2 24 | $125.0M | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | $5.0B | $43.9M | ||
| Q3 25 | $5.5B | — | ||
| Q2 25 | $5.4B | — | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $5.1B | $31.1M | ||
| Q3 24 | $5.4B | — | ||
| Q2 24 | $4.9B | — |
| Q1 26 | — | $13.0B | ||
| Q4 25 | $3.3B | $13.0B | ||
| Q3 25 | $3.3B | $12.8B | ||
| Q2 25 | $3.2B | $12.6B | ||
| Q1 25 | $3.2B | $12.3B | ||
| Q4 24 | $3.0B | $12.1B | ||
| Q3 24 | $3.0B | $11.6B | ||
| Q2 24 | $2.8B | $11.2B |
| Q1 26 | — | $5.2B | ||
| Q4 25 | $11.8B | $18.0B | ||
| Q3 25 | $11.9B | $17.9B | ||
| Q2 25 | $11.8B | $17.6B | ||
| Q1 25 | $11.5B | $17.3B | ||
| Q4 24 | $11.1B | $17.4B | ||
| Q3 24 | $11.2B | $17.0B | ||
| Q2 24 | $10.8B | $16.5B |
| Q1 26 | — | — | ||
| Q4 25 | 1.51× | 0.00× | ||
| Q3 25 | 1.67× | — | ||
| Q2 25 | 1.68× | — | ||
| Q1 25 | 1.80× | — | ||
| Q4 24 | 1.71× | 0.00× | ||
| Q3 24 | 1.79× | — | ||
| Q2 24 | 1.75× | — |
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 | $159.8M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | 7.34× | 0.46× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $159.8M | ||
| Q4 25 | $521.0M | $771.1M | ||
| Q3 25 | $227.0M | $678.4M | ||
| Q2 25 | $267.0M | $287.5M | ||
| Q1 25 | $-174.0M | $134.2M | ||
| Q4 24 | $489.0M | $567.6M | ||
| Q3 24 | $187.0M | $455.9M | ||
| Q2 24 | $161.0M | $417.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $739.8M | ||
| Q3 25 | — | $651.1M | ||
| Q2 25 | — | $253.0M | ||
| Q1 25 | — | $104.6M | ||
| Q4 24 | — | $543.1M | ||
| Q3 24 | — | $417.2M | ||
| Q2 24 | — | $386.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 16.0% | ||
| Q3 25 | — | 14.8% | ||
| Q2 25 | — | 5.7% | ||
| Q1 25 | — | 2.7% | ||
| Q4 24 | — | 11.0% | ||
| Q3 24 | — | 9.3% | ||
| Q2 24 | — | 8.4% |
| Q1 26 | — | 0.7% | ||
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.7% |
| Q1 26 | — | 0.46× | ||
| Q4 25 | 7.34× | 1.54× | ||
| Q3 25 | 1.60× | 1.16× | ||
| Q2 25 | 2.57× | 0.47× | ||
| Q1 25 | -1.37× | 0.26× | ||
| Q4 24 | 3.54× | 0.62× | ||
| Q3 24 | 1.13× | 0.65× | ||
| Q2 24 | 0.85× | 0.52× |
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% |
PHM
| Home sale revenues | $3.3B | 97% |
| Financial Services | $71.7M | 2% |
| Land sale and other revenues | $29.3M | 1% |
