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Side-by-side financial comparison of GRAPHIC PACKAGING HOLDING CO (GPK) and Teradyne (TER). 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 $1.3B, roughly 1.6× Teradyne). Teradyne runs the higher net margin — 31.1% vs 3.4%, a 27.7% gap on every dollar of revenue. On growth, Teradyne posted the faster year-over-year revenue change (87.0% vs 0.2%). Over the past eight quarters, Teradyne's revenue compounded faster (32.6% 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...
Teradyne, Inc. is an American automatic test equipment (ATE) designer and manufacturer based in North Reading, Massachusetts. Its high-profile customers include Samsung, Qualcomm, Intel, Analog Devices, Texas Instruments and IBM.
GPK vs TER — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.3B |
| Net Profit | $71.0M | $398.9M |
| Gross Margin | 14.1% | 60.9% |
| Operating Margin | 7.4% | 36.9% |
| Net Margin | 3.4% | 31.1% |
| Revenue YoY | 0.2% | 87.0% |
| Net Profit YoY | -48.6% | — |
| EPS (diluted) | $0.24 | $2.53 |
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 | — | $1.3B | ||
| Q4 25 | $2.1B | $1.1B | ||
| Q3 25 | $2.2B | $769.2M | ||
| Q2 25 | $2.2B | $651.8M | ||
| Q1 25 | $2.1B | $685.7M | ||
| Q4 24 | $2.1B | $752.9M | ||
| Q3 24 | $2.2B | $737.3M | ||
| Q2 24 | $2.2B | $729.9M |
| Q1 26 | — | $398.9M | ||
| Q4 25 | $71.0M | $257.2M | ||
| Q3 25 | $142.0M | $119.6M | ||
| Q2 25 | $104.0M | $78.4M | ||
| Q1 25 | $127.0M | $98.9M | ||
| Q4 24 | $138.0M | $146.3M | ||
| Q3 24 | $165.0M | $145.6M | ||
| Q2 24 | $190.0M | $186.3M |
| Q1 26 | — | 60.9% | ||
| Q4 25 | 14.1% | 57.2% | ||
| Q3 25 | 19.6% | 58.4% | ||
| Q2 25 | 18.7% | 57.2% | ||
| Q1 25 | 20.6% | 60.6% | ||
| Q4 24 | 21.4% | 59.4% | ||
| Q3 24 | 22.3% | 59.2% | ||
| Q2 24 | 21.2% | 58.3% |
| Q1 26 | — | 36.9% | ||
| Q4 25 | 7.4% | 27.1% | ||
| Q3 25 | 10.7% | 18.9% | ||
| Q2 25 | 8.8% | 13.9% | ||
| Q1 25 | 10.5% | 17.6% | ||
| Q4 24 | 11.4% | 20.4% | ||
| Q3 24 | 12.6% | 20.6% | ||
| Q2 24 | 14.5% | 28.8% |
| Q1 26 | — | 31.1% | ||
| Q4 25 | 3.4% | 23.7% | ||
| Q3 25 | 6.5% | 15.5% | ||
| Q2 25 | 4.7% | 12.0% | ||
| Q1 25 | 6.0% | 14.4% | ||
| Q4 24 | 6.6% | 19.4% | ||
| Q3 24 | 7.5% | 19.8% | ||
| Q2 24 | 8.5% | 25.5% |
| Q1 26 | — | $2.53 | ||
| Q4 25 | $0.24 | $1.62 | ||
| Q3 25 | $0.48 | $0.75 | ||
| Q2 25 | $0.34 | $0.49 | ||
| Q1 25 | $0.42 | $0.61 | ||
| Q4 24 | $0.46 | $0.89 | ||
| Q3 24 | $0.55 | $0.89 | ||
| Q2 24 | $0.62 | $1.14 |
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 | $241.9M |
| Total DebtLower is stronger | $5.0B | $0 |
| Stockholders' EquityBook value | $3.3B | — |
| Total Assets | $11.8B | $4.4B |
| Debt / EquityLower = less leverage | 1.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $241.9M | ||
| Q4 25 | $261.0M | $293.8M | ||
| Q3 25 | $120.0M | $272.7M | ||
| Q2 25 | $120.0M | $339.3M | ||
| Q1 25 | $129.0M | $475.6M | ||
| Q4 24 | $157.0M | $553.4M | ||
| Q3 24 | $126.0M | $510.0M | ||
| Q2 24 | $125.0M | $421.9M |
| Q1 26 | — | $0 | ||
| Q4 25 | $5.0B | — | ||
| Q3 25 | $5.5B | — | ||
| Q2 25 | $5.4B | — | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $5.1B | — | ||
| Q3 24 | $5.4B | — | ||
| Q2 24 | $4.9B | — |
| Q1 26 | — | — | ||
| Q4 25 | $3.3B | $2.8B | ||
| Q3 25 | $3.3B | $2.7B | ||
| Q2 25 | $3.2B | $2.8B | ||
| Q1 25 | $3.2B | $2.8B | ||
| Q4 24 | $3.0B | $2.8B | ||
| Q3 24 | $3.0B | $2.9B | ||
| Q2 24 | $2.8B | $2.7B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $11.8B | $4.2B | ||
| Q3 25 | $11.9B | $4.0B | ||
| Q2 25 | $11.8B | $3.8B | ||
| Q1 25 | $11.5B | $3.7B | ||
| Q4 24 | $11.1B | $3.7B | ||
| Q3 24 | $11.2B | $3.8B | ||
| Q2 24 | $10.8B | $3.6B |
| Q1 26 | — | — | ||
| Q4 25 | 1.51× | — | ||
| Q3 25 | 1.67× | — | ||
| Q2 25 | 1.68× | — | ||
| Q1 25 | 1.80× | — | ||
| Q4 24 | 1.71× | — | ||
| 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 | $265.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 7.34× | 0.66× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $265.1M | ||
| Q4 25 | $521.0M | $281.6M | ||
| Q3 25 | $227.0M | $49.0M | ||
| Q2 25 | $267.0M | $182.1M | ||
| Q1 25 | $-174.0M | $161.6M | ||
| Q4 24 | $489.0M | $282.6M | ||
| Q3 24 | $187.0M | $166.3M | ||
| Q2 24 | $161.0M | $216.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $218.8M | ||
| Q3 25 | — | $2.4M | ||
| Q2 25 | — | $131.7M | ||
| Q1 25 | — | $97.6M | ||
| Q4 24 | — | $225.2M | ||
| Q3 24 | — | $114.4M | ||
| Q2 24 | — | $171.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 20.2% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 20.2% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 29.9% | ||
| Q3 24 | — | 15.5% | ||
| Q2 24 | — | 23.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.8% | ||
| Q3 25 | — | 6.1% | ||
| Q2 25 | — | 7.7% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | — | 7.6% | ||
| Q3 24 | — | 7.0% | ||
| Q2 24 | — | 6.1% |
| Q1 26 | — | 0.66× | ||
| Q4 25 | 7.34× | 1.09× | ||
| Q3 25 | 1.60× | 0.41× | ||
| Q2 25 | 2.57× | 2.32× | ||
| Q1 25 | -1.37× | 1.63× | ||
| Q4 24 | 3.54× | 1.93× | ||
| Q3 24 | 1.13× | 1.14× | ||
| Q2 24 | 0.85× | 1.16× |
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% |
TER
Segment breakdown not available.
