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Side-by-side financial comparison of GRAPHIC PACKAGING HOLDING CO (GPK) and UGI CORP (UGI). 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 $2.1B, roughly 1.0× UGI CORP). UGI CORP runs the higher net margin — 14.4% vs 3.4%, a 11.0% gap on every dollar of revenue. On growth, UGI CORP posted the faster year-over-year revenue change (3.9% vs 0.2%). Over the past eight quarters, GRAPHIC PACKAGING HOLDING CO's revenue compounded faster (-3.5% CAGR vs -7.5%).

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...

UGI Corporation is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe.

GPK vs UGI — Head-to-Head

Bigger by revenue
GPK
GPK
1.0× larger
GPK
$2.1B
$2.1B
UGI
Growing faster (revenue YoY)
UGI
UGI
+3.6% gap
UGI
3.9%
0.2%
GPK
Higher net margin
UGI
UGI
11.0% more per $
UGI
14.4%
3.4%
GPK
Faster 2-yr revenue CAGR
GPK
GPK
Annualised
GPK
-3.5%
-7.5%
UGI

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
GPK
GPK
UGI
UGI
Revenue
$2.1B
$2.1B
Net Profit
$71.0M
$297.0M
Gross Margin
14.1%
Operating Margin
7.4%
22.0%
Net Margin
3.4%
14.4%
Revenue YoY
0.2%
3.9%
Net Profit YoY
-48.6%
-20.8%
EPS (diluted)
$0.24
$1.34

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.

Revenue
GPK
GPK
UGI
UGI
Q4 25
$2.1B
$2.1B
Q3 25
$2.2B
$1.2B
Q2 25
$2.2B
$1.4B
Q1 25
$2.1B
$2.6B
Q4 24
$2.1B
$2.0B
Q3 24
$2.2B
$1.2B
Q2 24
$2.2B
$1.4B
Q1 24
$2.3B
$2.4B
Net Profit
GPK
GPK
UGI
UGI
Q4 25
$71.0M
$297.0M
Q3 25
$142.0M
$-13.0M
Q2 25
$104.0M
$-163.0M
Q1 25
$127.0M
$479.0M
Q4 24
$138.0M
$375.0M
Q3 24
$165.0M
$-273.0M
Q2 24
$190.0M
$-48.0M
Q1 24
$165.0M
$496.0M
Gross Margin
GPK
GPK
UGI
UGI
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%
Operating Margin
GPK
GPK
UGI
UGI
Q4 25
7.4%
22.0%
Q3 25
10.7%
1.1%
Q2 25
8.8%
-6.8%
Q1 25
10.5%
26.6%
Q4 24
11.4%
24.5%
Q3 24
12.6%
-20.4%
Q2 24
14.5%
5.0%
Q1 24
12.4%
29.7%
Net Margin
GPK
GPK
UGI
UGI
Q4 25
3.4%
14.4%
Q3 25
6.5%
-1.1%
Q2 25
4.7%
-12.0%
Q1 25
6.0%
18.2%
Q4 24
6.6%
18.9%
Q3 24
7.5%
-22.6%
Q2 24
8.5%
-3.6%
Q1 24
7.3%
20.6%
EPS (diluted)
GPK
GPK
UGI
UGI
Q4 25
$0.24
$1.34
Q3 25
$0.48
$-0.08
Q2 25
$0.34
$-0.76
Q1 25
$0.42
$2.19
Q4 24
$0.46
$1.74
Q3 24
$0.55
$-1.26
Q2 24
$0.62
$-0.23
Q1 24
$0.53
$2.30

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GPK
GPK
UGI
UGI
Cash + ST InvestmentsLiquidity on hand
$261.0M
$251.0M
Total DebtLower is stronger
$5.0B
$6.0B
Stockholders' EquityBook value
$3.3B
$5.0B
Total Assets
$11.8B
$15.8B
Debt / EquityLower = less leverage
1.51×
1.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GPK
GPK
UGI
UGI
Q4 25
$261.0M
$251.0M
Q3 25
$120.0M
$335.0M
Q2 25
$120.0M
$350.0M
Q1 25
$129.0M
$426.0M
Q4 24
$157.0M
$240.0M
Q3 24
$126.0M
$213.0M
Q2 24
$125.0M
$183.0M
Q1 24
$136.0M
$263.0M
Total Debt
GPK
GPK
UGI
UGI
Q4 25
$5.0B
$6.0B
Q3 25
$5.5B
$6.5B
Q2 25
$5.4B
$5.7B
Q1 25
$5.7B
$6.6B
Q4 24
$5.1B
$6.6B
Q3 24
$5.4B
$6.4B
Q2 24
$4.9B
$6.3B
Q1 24
$4.9B
$6.7B
Stockholders' Equity
GPK
GPK
UGI
UGI
Q4 25
$3.3B
$5.0B
Q3 25
$3.3B
$4.8B
Q2 25
$3.2B
$4.9B
Q1 25
$3.2B
$5.0B
Q4 24
$3.0B
$4.6B
Q3 24
$3.0B
$4.3B
Q2 24
$2.8B
$4.7B
Q1 24
$2.9B
$4.8B
Total Assets
GPK
GPK
UGI
UGI
Q4 25
$11.8B
$15.8B
Q3 25
$11.9B
$15.5B
Q2 25
$11.8B
$15.4B
Q1 25
$11.5B
$15.7B
Q4 24
$11.1B
$15.4B
Q3 24
$11.2B
$15.1B
Q2 24
$10.8B
$15.1B
Q1 24
$11.3B
$15.6B
Debt / Equity
GPK
GPK
UGI
UGI
Q4 25
1.51×
1.19×
Q3 25
1.67×
1.37×
Q2 25
1.68×
1.17×
Q1 25
1.80×
1.32×
Q4 24
1.71×
1.44×
Q3 24
1.79×
1.48×
Q2 24
1.75×
1.34×
Q1 24
1.73×
1.40×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GPK
GPK
UGI
UGI
Operating Cash FlowLast quarter
$521.0M
$66.0M
Free Cash FlowOCF − Capex
$-155.0M
FCF MarginFCF / Revenue
-7.5%
Capex IntensityCapex / Revenue
10.7%
Cash ConversionOCF / Net Profit
7.34×
0.22×
TTM Free Cash FlowTrailing 4 quarters
$282.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GPK
GPK
UGI
UGI
Q4 25
$521.0M
$66.0M
Q3 25
$227.0M
$90.0M
Q2 25
$267.0M
$289.0M
Q1 25
$-174.0M
$684.0M
Q4 24
$489.0M
$164.0M
Q3 24
$187.0M
$151.0M
Q2 24
$161.0M
$390.0M
Q1 24
$3.0M
$522.0M
Free Cash Flow
GPK
GPK
UGI
UGI
Q4 25
$-155.0M
Q3 25
$-168.0M
Q2 25
$67.0M
Q1 25
$538.0M
Q4 24
$-47.0M
Q3 24
$-115.0M
Q2 24
$185.0M
Q1 24
$353.0M
FCF Margin
GPK
GPK
UGI
UGI
Q4 25
-7.5%
Q3 25
-14.4%
Q2 25
4.9%
Q1 25
20.4%
Q4 24
-2.4%
Q3 24
-9.5%
Q2 24
13.7%
Q1 24
14.6%
Capex Intensity
GPK
GPK
UGI
UGI
Q4 25
10.7%
Q3 25
22.1%
Q2 25
16.3%
Q1 25
5.5%
Q4 24
10.6%
Q3 24
22.0%
Q2 24
15.2%
Q1 24
7.0%
Cash Conversion
GPK
GPK
UGI
UGI
Q4 25
7.34×
0.22×
Q3 25
1.60×
Q2 25
2.57×
Q1 25
-1.37×
1.43×
Q4 24
3.54×
0.44×
Q3 24
1.13×
Q2 24
0.85×
Q1 24
0.02×
1.05×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GPK
GPK

Americas Paperboard Packaging$1.4B68%
Other$667.0M32%

UGI
UGI

Segment breakdown not available.

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