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Side-by-side financial comparison of GRAPHIC PACKAGING HOLDING CO (GPK) and RENAISSANCERE HOLDINGS LTD (RNR). Click either name above to swap in a different company.
RENAISSANCERE HOLDINGS LTD is the larger business by last-quarter revenue ($2.2B vs $2.1B, roughly 1.0× GRAPHIC PACKAGING HOLDING CO). RENAISSANCERE HOLDINGS LTD runs the higher net margin — 23.5% vs 3.4%, a 20.1% gap on every dollar of revenue. On growth, GRAPHIC PACKAGING HOLDING CO posted the faster year-over-year revenue change (0.2% vs -36.8%). Over the past eight quarters, GRAPHIC PACKAGING HOLDING CO's revenue compounded faster (-3.5% CAGR vs -11.9%).
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...
RenaissanceRe Holdings Ltd is a Bermudian provider of reinsurance, insurance and other related business services. The company operates in reinsurance, insurance and ventures.
GPK vs RNR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $2.2B |
| Net Profit | $71.0M | $515.8M |
| Gross Margin | 14.1% | — |
| Operating Margin | 7.4% | — |
| Net Margin | 3.4% | 23.5% |
| Revenue YoY | 0.2% | -36.8% |
| Net Profit YoY | -48.6% | 72.6% |
| EPS (diluted) | $0.24 | $6.57 |
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 | — | $2.2B | ||
| Q4 25 | $2.1B | $3.0B | ||
| Q3 25 | $2.2B | $3.2B | ||
| Q2 25 | $2.2B | $3.2B | ||
| Q1 25 | $2.1B | $3.5B | ||
| Q4 24 | $2.1B | $2.3B | ||
| Q3 24 | $2.2B | $4.0B | ||
| Q2 24 | $2.2B | $2.8B |
| Q1 26 | — | $515.8M | ||
| Q4 25 | $71.0M | $760.5M | ||
| Q3 25 | $142.0M | $916.5M | ||
| Q2 25 | $104.0M | $835.4M | ||
| Q1 25 | $127.0M | $170.0M | ||
| Q4 24 | $138.0M | $-189.7M | ||
| Q3 24 | $165.0M | $1.2B | ||
| Q2 24 | $190.0M | $503.9M |
| Q1 26 | — | — | ||
| Q4 25 | 14.1% | — | ||
| Q3 25 | 19.6% | — | ||
| Q2 25 | 18.7% | — | ||
| Q1 25 | 20.6% | — | ||
| Q4 24 | 21.4% | — | ||
| Q3 24 | 22.3% | — | ||
| Q2 24 | 21.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 7.4% | 42.5% | ||
| Q3 25 | 10.7% | 46.3% | ||
| Q2 25 | 8.8% | 41.8% | ||
| Q1 25 | 10.5% | -2.0% | ||
| Q4 24 | 11.4% | -3.6% | ||
| Q3 24 | 12.6% | 43.7% | ||
| Q2 24 | 14.5% | 25.0% |
| Q1 26 | — | 23.5% | ||
| Q4 25 | 3.4% | 25.6% | ||
| Q3 25 | 6.5% | 28.7% | ||
| Q2 25 | 4.7% | 26.1% | ||
| Q1 25 | 6.0% | 4.9% | ||
| Q4 24 | 6.6% | -8.3% | ||
| Q3 24 | 7.5% | 29.8% | ||
| Q2 24 | 8.5% | 17.8% |
| Q1 26 | — | $6.57 | ||
| Q4 25 | $0.24 | $16.16 | ||
| Q3 25 | $0.48 | $19.40 | ||
| Q2 25 | $0.34 | $17.20 | ||
| Q1 25 | $0.42 | $3.27 | ||
| Q4 24 | $0.46 | $-3.76 | ||
| Q3 24 | $0.55 | $22.62 | ||
| Q2 24 | $0.62 | $9.41 |
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 | $1.6B |
| Total DebtLower is stronger | $5.0B | — |
| Stockholders' EquityBook value | $3.3B | $4.3B |
| Total Assets | $11.8B | $53.7B |
| Debt / EquityLower = less leverage | 1.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.6B | ||
| Q4 25 | $261.0M | $1.7B | ||
| Q3 25 | $120.0M | $1.7B | ||
| Q2 25 | $120.0M | $1.4B | ||
| Q1 25 | $129.0M | $1.6B | ||
| Q4 24 | $157.0M | $1.7B | ||
| Q3 24 | $126.0M | $1.6B | ||
| Q2 24 | $125.0M | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $5.0B | $2.3B | ||
| Q3 25 | $5.5B | $2.2B | ||
| Q2 25 | $5.4B | $2.3B | ||
| Q1 25 | $5.7B | $2.8B | ||
| Q4 24 | $5.1B | $1.9B | ||
| Q3 24 | $5.4B | $1.9B | ||
| Q2 24 | $4.9B | $2.0B |
| Q1 26 | — | $4.3B | ||
| Q4 25 | $3.3B | $11.6B | ||
| Q3 25 | $3.3B | $11.5B | ||
| Q2 25 | $3.2B | $10.8B | ||
| Q1 25 | $3.2B | $10.3B | ||
| Q4 24 | $3.0B | $10.6B | ||
| Q3 24 | $3.0B | $11.2B | ||
| Q2 24 | $2.8B | $10.2B |
| Q1 26 | — | $53.7B | ||
| Q4 25 | $11.8B | $53.8B | ||
| Q3 25 | $11.9B | $54.5B | ||
| Q2 25 | $11.8B | $54.7B | ||
| Q1 25 | $11.5B | $53.6B | ||
| Q4 24 | $11.1B | $50.7B | ||
| Q3 24 | $11.2B | $52.8B | ||
| Q2 24 | $10.8B | $51.6B |
| Q1 26 | — | — | ||
| Q4 25 | 1.51× | 0.20× | ||
| Q3 25 | 1.67× | 0.19× | ||
| Q2 25 | 1.68× | 0.21× | ||
| Q1 25 | 1.80× | 0.27× | ||
| Q4 24 | 1.71× | 0.18× | ||
| Q3 24 | 1.79× | 0.17× | ||
| Q2 24 | 1.75× | 0.19× |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 7.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $521.0M | $483.0M | ||
| Q3 25 | $227.0M | $1.6B | ||
| Q2 25 | $267.0M | $1.5B | ||
| Q1 25 | $-174.0M | $157.8M | ||
| Q4 24 | $489.0M | $778.9M | ||
| Q3 24 | $187.0M | $1.5B | ||
| Q2 24 | $161.0M | $1.2B |
| Q1 26 | — | — | ||
| Q4 25 | 7.34× | 0.64× | ||
| Q3 25 | 1.60× | 1.73× | ||
| Q2 25 | 2.57× | 1.76× | ||
| Q1 25 | -1.37× | 0.93× | ||
| Q4 24 | 3.54× | — | ||
| Q3 24 | 1.13× | 1.26× | ||
| Q2 24 | 0.85× | 2.41× |
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% |
RNR
Segment breakdown not available.
