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Side-by-side financial comparison of GRAPHIC PACKAGING HOLDING CO (GPK) and QVC Group, Inc. (QVCGA). Click either name above to swap in a different company.
QVC Group, Inc. is the larger business by last-quarter revenue ($2.7B vs $2.1B, roughly 1.3× GRAPHIC PACKAGING HOLDING CO). GRAPHIC PACKAGING HOLDING CO runs the higher net margin — 3.4% vs -1.4%, a 4.8% gap on every dollar of revenue. On growth, GRAPHIC PACKAGING HOLDING CO posted the faster year-over-year revenue change (0.2% vs -9.1%). Over the past eight quarters, QVC Group, Inc.'s revenue compounded faster (6.9% 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...
QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.
GPK vs QVCGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $2.7B |
| Net Profit | $71.0M | $-37.0M |
| Gross Margin | 14.1% | 32.9% |
| Operating Margin | 7.4% | 3.7% |
| Net Margin | 3.4% | -1.4% |
| Revenue YoY | 0.2% | -9.1% |
| Net Profit YoY | -48.6% | 97.1% |
| EPS (diluted) | $0.24 | $-17.37 |
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 | $2.7B | ||
| Q3 25 | $2.2B | $2.2B | ||
| Q2 25 | $2.2B | $2.2B | ||
| Q1 25 | $2.1B | $2.1B | ||
| Q4 24 | $2.1B | $2.9B | ||
| Q3 24 | $2.2B | $2.3B | ||
| Q2 24 | $2.2B | $2.4B | ||
| Q1 24 | $2.3B | $2.3B |
| Q4 25 | $71.0M | $-37.0M | ||
| Q3 25 | $142.0M | $-80.0M | ||
| Q2 25 | $104.0M | $-2.2B | ||
| Q1 25 | $127.0M | $-100.0M | ||
| Q4 24 | $138.0M | $-1.3B | ||
| Q3 24 | $165.0M | $-23.0M | ||
| Q2 24 | $190.0M | $20.0M | ||
| Q1 24 | $165.0M | $-1.0M |
| Q4 25 | 14.1% | 32.9% | ||
| Q3 25 | 19.6% | 34.0% | ||
| Q2 25 | 18.7% | 36.4% | ||
| Q1 25 | 20.6% | 34.2% | ||
| Q4 24 | 21.4% | 33.3% | ||
| Q3 24 | 22.3% | 35.3% | ||
| Q2 24 | 21.2% | 36.4% | ||
| Q1 24 | 23.0% | 35.5% |
| Q4 25 | 7.4% | 3.7% | ||
| Q3 25 | 10.7% | 2.7% | ||
| Q2 25 | 8.8% | -101.6% | ||
| Q1 25 | 10.5% | 0.7% | ||
| Q4 24 | 11.4% | -43.2% | ||
| Q3 24 | 12.6% | 6.5% | ||
| Q2 24 | 14.5% | 6.9% | ||
| Q1 24 | 12.4% | 6.2% |
| Q4 25 | 3.4% | -1.4% | ||
| Q3 25 | 6.5% | -3.6% | ||
| Q2 25 | 4.7% | -99.4% | ||
| Q1 25 | 6.0% | -4.8% | ||
| Q4 24 | 6.6% | -43.7% | ||
| Q3 24 | 7.5% | -1.0% | ||
| Q2 24 | 8.5% | 0.8% | ||
| Q1 24 | 7.3% | -0.0% |
| Q4 25 | $0.24 | $-17.37 | ||
| Q3 25 | $0.48 | $-9.89 | ||
| Q2 25 | $0.34 | $-275.46 | ||
| Q1 25 | $0.42 | $-0.25 | ||
| Q4 24 | $0.46 | — | ||
| Q3 24 | $0.55 | $-0.06 | ||
| Q2 24 | $0.62 | $2.57 | ||
| Q1 24 | $0.53 | — |
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 | $2.0B |
| Total DebtLower is stronger | $5.0B | $790.0M |
| Stockholders' EquityBook value | $3.3B | $-3.1B |
| Total Assets | $11.8B | $7.6B |
| Debt / EquityLower = less leverage | 1.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $261.0M | $2.0B | ||
| Q3 25 | $120.0M | $1.8B | ||
| Q2 25 | $120.0M | $897.0M | ||
| Q1 25 | $129.0M | $833.0M | ||
| Q4 24 | $157.0M | $905.0M | ||
| Q3 24 | $126.0M | $873.0M | ||
| Q2 24 | $125.0M | $1.2B | ||
| Q1 24 | $136.0M | $1.1B |
| Q4 25 | $5.0B | $790.0M | ||
| Q3 25 | $5.5B | $5.9B | ||
| Q2 25 | $5.4B | $4.9B | ||
| Q1 25 | $5.7B | $5.0B | ||
| Q4 24 | $5.1B | $4.1B | ||
| Q3 24 | $5.4B | $5.1B | ||
| Q2 24 | $4.9B | $5.3B | ||
| Q1 24 | $4.9B | $5.5B |
| Q4 25 | $3.3B | $-3.1B | ||
| Q3 25 | $3.3B | $-3.1B | ||
| Q2 25 | $3.2B | $-3.0B | ||
| Q1 25 | $3.2B | $-981.0M | ||
| Q4 24 | $3.0B | $-971.0M | ||
| Q3 24 | $3.0B | $397.0M | ||
| Q2 24 | $2.8B | $328.0M | ||
| Q1 24 | $2.9B | $255.0M |
| Q4 25 | $11.8B | $7.6B | ||
| Q3 25 | $11.9B | $7.6B | ||
| Q2 25 | $11.8B | $6.7B | ||
| Q1 25 | $11.5B | $9.0B | ||
| Q4 24 | $11.1B | $9.2B | ||
| Q3 24 | $11.2B | $10.8B | ||
| Q2 24 | $10.8B | $10.9B | ||
| Q1 24 | $11.3B | $11.0B |
| Q4 25 | 1.51× | — | ||
| Q3 25 | 1.67× | — | ||
| Q2 25 | 1.68× | — | ||
| Q1 25 | 1.80× | — | ||
| Q4 24 | 1.71× | — | ||
| Q3 24 | 1.79× | 12.74× | ||
| Q2 24 | 1.75× | 16.28× | ||
| Q1 24 | 1.73× | 21.53× |
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 | $244.0M |
| Free Cash FlowOCF − Capex | — | $191.0M |
| FCF MarginFCF / Revenue | — | 7.1% |
| Capex IntensityCapex / Revenue | — | 2.0% |
| Cash ConversionOCF / Net Profit | 7.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $118.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $521.0M | $244.0M | ||
| Q3 25 | $227.0M | $4.0M | ||
| Q2 25 | $267.0M | $86.0M | ||
| Q1 25 | $-174.0M | $-60.0M | ||
| Q4 24 | $489.0M | $212.0M | ||
| Q3 24 | $187.0M | $20.0M | ||
| Q2 24 | $161.0M | $267.0M | ||
| Q1 24 | $3.0M | $26.0M |
| Q4 25 | — | $191.0M | ||
| Q3 25 | — | $-27.0M | ||
| Q2 25 | — | $48.0M | ||
| Q1 25 | — | $-94.0M | ||
| Q4 24 | — | $150.0M | ||
| Q3 24 | — | $-23.0M | ||
| Q2 24 | — | $213.0M | ||
| Q1 24 | — | $-14.0M |
| Q4 25 | — | 7.1% | ||
| Q3 25 | — | -1.2% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | -4.5% | ||
| Q4 24 | — | 5.1% | ||
| Q3 24 | — | -1.0% | ||
| Q2 24 | — | 8.8% | ||
| Q1 24 | — | -0.6% |
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | 1.7% |
| Q4 25 | 7.34× | — | ||
| Q3 25 | 1.60× | — | ||
| Q2 25 | 2.57× | — | ||
| Q1 25 | -1.37× | — | ||
| Q4 24 | 3.54× | — | ||
| Q3 24 | 1.13× | — | ||
| Q2 24 | 0.85× | 13.35× | ||
| Q1 24 | 0.02× | — |
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% |
QVCGA
| Other | $915.0M | 34% |
| Home | $754.0M | 28% |
| Beauty | $260.0M | 10% |
| Apparel | $254.0M | 9% |
| Electronics | $187.0M | 7% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 3% |
| Manufactured Product Other | $38.0M | 1% |
