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Side-by-side financial comparison of GRAPHIC PACKAGING HOLDING CO (GPK) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.
Molson Coors Beverage Company is the larger business by last-quarter revenue ($2.7B vs $2.1B, roughly 1.3× GRAPHIC PACKAGING HOLDING CO). Molson Coors Beverage Company runs the higher net margin — 5.5% vs 3.4%, a 2.1% gap on every dollar of revenue. On growth, Molson Coors Beverage Company posted the faster year-over-year revenue change (2.0% vs 0.2%). Over the past eight quarters, GRAPHIC PACKAGING HOLDING CO's revenue compounded faster (-3.5% CAGR vs -15.8%).
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...
Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.
GPK vs TAP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $2.7B |
| Net Profit | $71.0M | $150.1M |
| Gross Margin | 14.1% | 33.0% |
| Operating Margin | 7.4% | — |
| Net Margin | 3.4% | 5.5% |
| Revenue YoY | 0.2% | 2.0% |
| Net Profit YoY | -48.6% | 25.0% |
| EPS (diluted) | $0.24 | $0.80 |
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 | — | $2.7B | ||
| Q4 25 | $2.1B | $3.1B | ||
| Q3 25 | $2.2B | $3.5B | ||
| Q2 25 | $2.2B | $3.7B | ||
| Q1 25 | $2.1B | $2.7B | ||
| Q4 24 | $2.1B | $3.2B | ||
| Q3 24 | $2.2B | $3.6B | ||
| Q2 24 | $2.2B | $3.8B |
| Q1 26 | — | $150.1M | ||
| Q4 25 | $71.0M | $238.3M | ||
| Q3 25 | $142.0M | $-2.9B | ||
| Q2 25 | $104.0M | $428.7M | ||
| Q1 25 | $127.0M | $121.0M | ||
| Q4 24 | $138.0M | $287.8M | ||
| Q3 24 | $165.0M | $199.8M | ||
| Q2 24 | $190.0M | $427.0M |
| Q1 26 | — | 33.0% | ||
| Q4 25 | 14.1% | 31.0% | ||
| Q3 25 | 19.6% | 33.7% | ||
| Q2 25 | 18.7% | 34.3% | ||
| Q1 25 | 20.6% | 31.6% | ||
| Q4 24 | 21.4% | 32.0% | ||
| Q3 24 | 22.3% | 33.4% | ||
| Q2 24 | 21.2% | 34.6% |
| Q1 26 | — | — | ||
| Q4 25 | 7.4% | 10.4% | ||
| Q3 25 | 10.7% | -98.5% | ||
| Q2 25 | 8.8% | 15.6% | ||
| Q1 25 | 10.5% | 6.9% | ||
| Q4 24 | 11.4% | 12.0% | ||
| Q3 24 | 12.6% | 12.5% | ||
| Q2 24 | 14.5% | 15.6% |
| Q1 26 | — | 5.5% | ||
| Q4 25 | 3.4% | 7.6% | ||
| Q3 25 | 6.5% | -84.0% | ||
| Q2 25 | 4.7% | 11.5% | ||
| Q1 25 | 6.0% | 4.5% | ||
| Q4 24 | 6.6% | 8.9% | ||
| Q3 24 | 7.5% | 5.5% | ||
| Q2 24 | 8.5% | 11.1% |
| Q1 26 | — | $0.80 | ||
| Q4 25 | $0.24 | $1.32 | ||
| Q3 25 | $0.48 | $-14.79 | ||
| Q2 25 | $0.34 | $2.13 | ||
| Q1 25 | $0.42 | $0.59 | ||
| Q4 24 | $0.46 | $1.39 | ||
| Q3 24 | $0.55 | $0.96 | ||
| Q2 24 | $0.62 | $2.03 |
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 | $382.6M |
| Total DebtLower is stronger | $5.0B | $3.8B |
| Stockholders' EquityBook value | $3.3B | $10.3B |
| Total Assets | $11.8B | $22.4B |
| Debt / EquityLower = less leverage | 1.51× | 0.38× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $382.6M | ||
| Q4 25 | $261.0M | $896.5M | ||
| Q3 25 | $120.0M | $950.2M | ||
| Q2 25 | $120.0M | $613.8M | ||
| Q1 25 | $129.0M | $412.7M | ||
| Q4 24 | $157.0M | $969.3M | ||
| Q3 24 | $126.0M | $1.0B | ||
| Q2 24 | $125.0M | $1.6B |
| Q1 26 | — | $3.8B | ||
| Q4 25 | $5.0B | $6.3B | ||
| Q3 25 | $5.5B | $6.3B | ||
| Q2 25 | $5.4B | $6.3B | ||
| Q1 25 | $5.7B | $6.2B | ||
| Q4 24 | $5.1B | $6.1B | ||
| Q3 24 | $5.4B | $6.2B | ||
| Q2 24 | $4.9B | $7.0B |
| Q1 26 | — | $10.3B | ||
| Q4 25 | $3.3B | $10.2B | ||
| Q3 25 | $3.3B | $10.3B | ||
| Q2 25 | $3.2B | $13.4B | ||
| Q1 25 | $3.2B | $13.1B | ||
| Q4 24 | $3.0B | $13.1B | ||
| Q3 24 | $3.0B | $13.3B | ||
| Q2 24 | $2.8B | $13.2B |
| Q1 26 | — | $22.4B | ||
| Q4 25 | $11.8B | $22.7B | ||
| Q3 25 | $11.9B | $22.9B | ||
| Q2 25 | $11.8B | $26.8B | ||
| Q1 25 | $11.5B | $25.9B | ||
| Q4 24 | $11.1B | $26.1B | ||
| Q3 24 | $11.2B | $26.6B | ||
| Q2 24 | $10.8B | $27.4B |
| Q1 26 | — | 0.38× | ||
| Q4 25 | 1.51× | 0.61× | ||
| Q3 25 | 1.67× | 0.61× | ||
| Q2 25 | 1.68× | 0.47× | ||
| Q1 25 | 1.80× | 0.47× | ||
| Q4 24 | 1.71× | 0.47× | ||
| Q3 24 | 1.79× | 0.47× | ||
| Q2 24 | 1.75× | 0.53× |
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 | — |
| Free Cash FlowOCF − Capex | — | $-212.9M |
| FCF MarginFCF / Revenue | — | -7.8% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 7.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $521.0M | $540.7M | ||
| Q3 25 | $227.0M | $616.1M | ||
| Q2 25 | $267.0M | $718.3M | ||
| Q1 25 | $-174.0M | $-90.7M | ||
| Q4 24 | $489.0M | $494.5M | ||
| Q3 24 | $187.0M | $521.2M | ||
| Q2 24 | $161.0M | $869.2M |
| Q1 26 | — | $-212.9M | ||
| Q4 25 | — | $357.8M | ||
| Q3 25 | — | $483.0M | ||
| Q2 25 | — | $555.0M | ||
| Q1 25 | — | $-328.0M | ||
| Q4 24 | — | $383.4M | ||
| Q3 24 | — | $350.4M | ||
| Q2 24 | — | $691.7M |
| Q1 26 | — | -7.8% | ||
| Q4 25 | — | 11.4% | ||
| Q3 25 | — | 13.9% | ||
| Q2 25 | — | 14.8% | ||
| Q1 25 | — | -12.2% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | — | 9.7% | ||
| Q2 24 | — | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.9% | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | — | 4.4% | ||
| Q1 25 | — | 8.8% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | — | 4.6% |
| Q1 26 | — | — | ||
| Q4 25 | 7.34× | 2.27× | ||
| Q3 25 | 1.60× | — | ||
| Q2 25 | 2.57× | 1.68× | ||
| Q1 25 | -1.37× | -0.75× | ||
| Q4 24 | 3.54× | 1.72× | ||
| Q3 24 | 1.13× | 2.61× | ||
| Q2 24 | 0.85× | 2.04× |
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% |
TAP
Segment breakdown not available.
