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Side-by-side financial comparison of GRAPHIC PACKAGING HOLDING CO (GPK) and RXO, Inc. (RXO). 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 $1.5B, roughly 1.4× RXO, Inc.). GRAPHIC PACKAGING HOLDING CO runs the higher net margin — 3.4% vs -3.1%, a 6.5% gap on every dollar of revenue. On growth, GRAPHIC PACKAGING HOLDING CO posted the faster year-over-year revenue change (0.2% vs -11.9%). Over the past eight quarters, RXO, Inc.'s revenue compounded faster (26.8% 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...
RXO, Inc. is a leading transportation and logistics solutions provider headquartered in the United States. Its core service portfolio includes freight brokerage, last-mile delivery for heavy and bulky goods, managed transportation services, and end-to-end supply chain optimization support, primarily catering to clients across the North American manufacturing, retail, and e-commerce segments.
GPK vs RXO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.5B |
| Net Profit | $71.0M | $-46.0M |
| Gross Margin | 14.1% | — |
| Operating Margin | 7.4% | -2.9% |
| Net Margin | 3.4% | -3.1% |
| Revenue YoY | 0.2% | -11.9% |
| Net Profit YoY | -48.6% | -84.0% |
| EPS (diluted) | $0.24 | $-0.28 |
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 | $1.5B | ||
| Q3 25 | $2.2B | $1.4B | ||
| Q2 25 | $2.2B | $1.4B | ||
| Q1 25 | $2.1B | $1.4B | ||
| Q4 24 | $2.1B | $1.7B | ||
| Q3 24 | $2.2B | $1.0B | ||
| Q2 24 | $2.2B | $930.0M | ||
| Q1 24 | $2.3B | $913.0M |
| Q4 25 | $71.0M | $-46.0M | ||
| Q3 25 | $142.0M | $-14.0M | ||
| Q2 25 | $104.0M | $-9.0M | ||
| Q1 25 | $127.0M | $-31.0M | ||
| Q4 24 | $138.0M | $-25.0M | ||
| Q3 24 | $165.0M | $-243.0M | ||
| Q2 24 | $190.0M | $-7.0M | ||
| Q1 24 | $165.0M | $-15.0M |
| 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 24 | 23.0% | — |
| Q4 25 | 7.4% | -2.9% | ||
| Q3 25 | 10.7% | -0.5% | ||
| Q2 25 | 8.8% | — | ||
| Q1 25 | 10.5% | -2.1% | ||
| Q4 24 | 11.4% | -1.4% | ||
| Q3 24 | 12.6% | -1.9% | ||
| Q2 24 | 14.5% | — | ||
| Q1 24 | 12.4% | -1.3% |
| Q4 25 | 3.4% | -3.1% | ||
| Q3 25 | 6.5% | -1.0% | ||
| Q2 25 | 4.7% | -0.6% | ||
| Q1 25 | 6.0% | -2.2% | ||
| Q4 24 | 6.6% | -1.5% | ||
| Q3 24 | 7.5% | -23.4% | ||
| Q2 24 | 8.5% | -0.8% | ||
| Q1 24 | 7.3% | -1.6% |
| Q4 25 | $0.24 | $-0.28 | ||
| Q3 25 | $0.48 | $-0.08 | ||
| Q2 25 | $0.34 | $-0.05 | ||
| Q1 25 | $0.42 | $-0.18 | ||
| Q4 24 | $0.46 | $-0.17 | ||
| Q3 24 | $0.55 | $-1.81 | ||
| Q2 24 | $0.62 | $-0.06 | ||
| Q1 24 | $0.53 | $-0.13 |
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 | $17.0M |
| Total DebtLower is stronger | $5.0B | $387.0M |
| Stockholders' EquityBook value | $3.3B | $1.5B |
| Total Assets | $11.8B | $3.3B |
| Debt / EquityLower = less leverage | 1.51× | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $261.0M | $17.0M | ||
| Q3 25 | $120.0M | $25.0M | ||
| Q2 25 | $120.0M | $18.0M | ||
| Q1 25 | $129.0M | $16.0M | ||
| Q4 24 | $157.0M | $35.0M | ||
| Q3 24 | $126.0M | $55.0M | ||
| Q2 24 | $125.0M | $7.0M | ||
| Q1 24 | $136.0M | $7.0M |
| Q4 25 | $5.0B | $387.0M | ||
| Q3 25 | $5.5B | $387.0M | ||
| Q2 25 | $5.4B | $387.0M | ||
| Q1 25 | $5.7B | $387.0M | ||
| Q4 24 | $5.1B | $351.0M | ||
| Q3 24 | $5.4B | $352.0M | ||
| Q2 24 | $4.9B | $370.0M | ||
| Q1 24 | $4.9B | $351.0M |
| Q4 25 | $3.3B | $1.5B | ||
| Q3 25 | $3.3B | $1.6B | ||
| Q2 25 | $3.2B | $1.6B | ||
| Q1 25 | $3.2B | $1.6B | ||
| Q4 24 | $3.0B | $1.6B | ||
| Q3 24 | $3.0B | $1.7B | ||
| Q2 24 | $2.8B | $579.0M | ||
| Q1 24 | $2.9B | $582.0M |
| Q4 25 | $11.8B | $3.3B | ||
| Q3 25 | $11.9B | $3.2B | ||
| Q2 25 | $11.8B | $3.2B | ||
| Q1 25 | $11.5B | $3.3B | ||
| Q4 24 | $11.1B | $3.4B | ||
| Q3 24 | $11.2B | $3.4B | ||
| Q2 24 | $10.8B | $1.8B | ||
| Q1 24 | $11.3B | $1.8B |
| Q4 25 | 1.51× | 0.25× | ||
| Q3 25 | 1.67× | 0.24× | ||
| Q2 25 | 1.68× | 0.24× | ||
| Q1 25 | 1.80× | 0.24× | ||
| Q4 24 | 1.71× | 0.22× | ||
| Q3 24 | 1.79× | 0.21× | ||
| Q2 24 | 1.75× | 0.64× | ||
| Q1 24 | 1.73× | 0.60× |
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 | $7.0M |
| Free Cash FlowOCF − Capex | — | $-9.0M |
| FCF MarginFCF / Revenue | — | -0.6% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | 7.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-8.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $521.0M | $7.0M | ||
| Q3 25 | $227.0M | $23.0M | ||
| Q2 25 | $267.0M | $23.0M | ||
| Q1 25 | $-174.0M | $-2.0M | ||
| Q4 24 | $489.0M | $-7.0M | ||
| Q3 24 | $187.0M | $-7.0M | ||
| Q2 24 | $161.0M | $-5.0M | ||
| Q1 24 | $3.0M | $7.0M |
| Q4 25 | — | $-9.0M | ||
| Q3 25 | — | $9.0M | ||
| Q2 25 | — | $9.0M | ||
| Q1 25 | — | $-17.0M | ||
| Q4 24 | — | $-19.0M | ||
| Q3 24 | — | $-18.0M | ||
| Q2 24 | — | $-16.0M | ||
| Q1 24 | — | $-4.0M |
| Q4 25 | — | -0.6% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | -1.2% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | -1.7% | ||
| Q2 24 | — | -1.7% | ||
| Q1 24 | — | -0.4% |
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 1.2% |
| 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× | — | ||
| 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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
