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Side-by-side financial comparison of GRAPHIC PACKAGING HOLDING CO (GPK) and Toast, Inc. (TOST). 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 $1.6B, roughly 1.3× Toast, Inc.). Toast, Inc. runs the higher net margin — 6.2% vs 3.4%, a 2.8% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs 0.2%). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% 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...
Toast, Inc. is an American cloud-based restaurant management software company based in Boston, Massachusetts. The company provides an all-in-one point of sale (POS) system built on the Android operating system.
GPK vs TOST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.6B |
| Net Profit | $71.0M | $101.0M |
| Gross Margin | 14.1% | 25.9% |
| Operating Margin | 7.4% | 5.2% |
| Net Margin | 3.4% | 6.2% |
| Revenue YoY | 0.2% | 22.0% |
| Net Profit YoY | -48.6% | 215.6% |
| EPS (diluted) | $0.24 | $0.18 |
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 | $1.6B | ||
| Q3 25 | $2.2B | $1.6B | ||
| Q2 25 | $2.2B | $1.6B | ||
| Q1 25 | $2.1B | $1.3B | ||
| Q4 24 | $2.1B | $1.3B | ||
| Q3 24 | $2.2B | $1.3B | ||
| Q2 24 | $2.2B | $1.2B | ||
| Q1 24 | $2.3B | $1.1B |
| Q4 25 | $71.0M | $101.0M | ||
| Q3 25 | $142.0M | $105.0M | ||
| Q2 25 | $104.0M | $80.0M | ||
| Q1 25 | $127.0M | $56.0M | ||
| Q4 24 | $138.0M | $32.0M | ||
| Q3 24 | $165.0M | $56.0M | ||
| Q2 24 | $190.0M | $14.0M | ||
| Q1 24 | $165.0M | $-83.0M |
| Q4 25 | 14.1% | 25.9% | ||
| Q3 25 | 19.6% | 26.5% | ||
| Q2 25 | 18.7% | 25.3% | ||
| Q1 25 | 20.6% | 25.9% | ||
| Q4 24 | 21.4% | 24.9% | ||
| Q3 24 | 22.3% | 24.7% | ||
| Q2 24 | 21.2% | 23.0% | ||
| Q1 24 | 23.0% | 23.2% |
| Q4 25 | 7.4% | 5.2% | ||
| Q3 25 | 10.7% | 5.1% | ||
| Q2 25 | 8.8% | 5.2% | ||
| Q1 25 | 10.5% | 3.2% | ||
| Q4 24 | 11.4% | 2.5% | ||
| Q3 24 | 12.6% | 2.6% | ||
| Q2 24 | 14.5% | 0.4% | ||
| Q1 24 | 12.4% | -5.2% |
| Q4 25 | 3.4% | 6.2% | ||
| Q3 25 | 6.5% | 6.4% | ||
| Q2 25 | 4.7% | 5.2% | ||
| Q1 25 | 6.0% | 4.2% | ||
| Q4 24 | 6.6% | 2.4% | ||
| Q3 24 | 7.5% | 4.3% | ||
| Q2 24 | 8.5% | 1.1% | ||
| Q1 24 | 7.3% | -7.7% |
| Q4 25 | $0.24 | $0.18 | ||
| Q3 25 | $0.48 | $0.16 | ||
| Q2 25 | $0.34 | $0.13 | ||
| Q1 25 | $0.42 | $0.09 | ||
| Q4 24 | $0.46 | $0.09 | ||
| Q3 24 | $0.55 | $0.07 | ||
| Q2 24 | $0.62 | $0.02 | ||
| Q1 24 | $0.53 | $-0.15 |
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 | $1.4B |
| Total DebtLower is stronger | $5.0B | — |
| Stockholders' EquityBook value | $3.3B | $2.1B |
| Total Assets | $11.8B | $3.1B |
| Debt / EquityLower = less leverage | 1.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $261.0M | $1.4B | ||
| Q3 25 | $120.0M | $1.4B | ||
| Q2 25 | $120.0M | $1.2B | ||
| Q1 25 | $129.0M | $1.0B | ||
| Q4 24 | $157.0M | $903.0M | ||
| Q3 24 | $126.0M | $761.0M | ||
| Q2 24 | $125.0M | $691.0M | ||
| Q1 24 | $136.0M | $578.0M |
| 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 24 | $4.9B | — |
| Q4 25 | $3.3B | $2.1B | ||
| Q3 25 | $3.3B | $2.0B | ||
| Q2 25 | $3.2B | $1.8B | ||
| Q1 25 | $3.2B | $1.7B | ||
| Q4 24 | $3.0B | $1.5B | ||
| Q3 24 | $3.0B | $1.4B | ||
| Q2 24 | $2.8B | $1.3B | ||
| Q1 24 | $2.9B | $1.2B |
| Q4 25 | $11.8B | $3.1B | ||
| Q3 25 | $11.9B | $3.0B | ||
| Q2 25 | $11.8B | $2.8B | ||
| Q1 25 | $11.5B | $2.6B | ||
| Q4 24 | $11.1B | $2.4B | ||
| Q3 24 | $11.2B | $2.2B | ||
| Q2 24 | $10.8B | $2.2B | ||
| Q1 24 | $11.3B | $2.1B |
| 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× | — | ||
| Q1 24 | 1.73× | — |
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 | $194.0M |
| Free Cash FlowOCF − Capex | — | $178.0M |
| FCF MarginFCF / Revenue | — | 10.9% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | 7.34× | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | — | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $521.0M | $194.0M | ||
| Q3 25 | $227.0M | $165.0M | ||
| Q2 25 | $267.0M | $223.0M | ||
| Q1 25 | $-174.0M | $79.0M | ||
| Q4 24 | $489.0M | $147.0M | ||
| Q3 24 | $187.0M | $109.0M | ||
| Q2 24 | $161.0M | $124.0M | ||
| Q1 24 | $3.0M | $-20.0M |
| Q4 25 | — | $178.0M | ||
| Q3 25 | — | $153.0M | ||
| Q2 25 | — | $208.0M | ||
| Q1 25 | — | $69.0M | ||
| Q4 24 | — | $134.0M | ||
| Q3 24 | — | $97.0M | ||
| Q2 24 | — | $108.0M | ||
| Q1 24 | — | $-33.0M |
| Q4 25 | — | 10.9% | ||
| Q3 25 | — | 9.4% | ||
| Q2 25 | — | 13.4% | ||
| Q1 25 | — | 5.2% | ||
| Q4 24 | — | 10.0% | ||
| Q3 24 | — | 7.4% | ||
| Q2 24 | — | 8.7% | ||
| Q1 24 | — | -3.1% |
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.2% |
| Q4 25 | 7.34× | 1.92× | ||
| Q3 25 | 1.60× | 1.57× | ||
| Q2 25 | 2.57× | 2.79× | ||
| Q1 25 | -1.37× | 1.41× | ||
| Q4 24 | 3.54× | 4.59× | ||
| Q3 24 | 1.13× | 1.95× | ||
| Q2 24 | 0.85× | 8.86× | ||
| 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% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
