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Side-by-side financial comparison of GRAPHIC PACKAGING HOLDING CO (GPK) and MARRIOTT VACATIONS WORLDWIDE Corp (VAC). 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 $1.2B, roughly 1.7× MARRIOTT VACATIONS WORLDWIDE Corp). GRAPHIC PACKAGING HOLDING CO runs the higher net margin — 3.4% vs -35.0%, a 38.4% gap on every dollar of revenue. On growth, GRAPHIC PACKAGING HOLDING CO posted the faster year-over-year revenue change (0.2% vs -0.7%). Over the past eight quarters, MARRIOTT VACATIONS WORLDWIDE Corp's revenue compounded faster (5.2% 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...
Marriott Vacations Worldwide Corporation is a pure-play public timeshare company. Formerly a division of Marriott International, Marriott Vacations Worldwide was established as a separate, publicly traded entity focusing primarily on vacation ownership in November 2011. Marriott Vacations Worldwide runs more than 120 resorts with over 700,000 Owners and members in a diverse portfolio of brands under The Marriott Vacation Clubs name. Its brands include Marriott Vacation Club, The Marriott Vaca...
GPK vs VAC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.2B |
| Net Profit | $71.0M | $-431.0M |
| Gross Margin | 14.1% | — |
| Operating Margin | 7.4% | — |
| Net Margin | 3.4% | -35.0% |
| Revenue YoY | 0.2% | -0.7% |
| Net Profit YoY | -48.6% | -962.0% |
| EPS (diluted) | $0.24 | $-12.00 |
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 | $1.2B | ||
| Q3 25 | $2.2B | $1.2B | ||
| Q2 25 | $2.2B | $1.2B | ||
| Q1 25 | $2.1B | $1.1B | ||
| Q4 24 | $2.1B | $1.2B | ||
| Q3 24 | $2.2B | $1.2B | ||
| Q2 24 | $2.2B | $1.1B | ||
| Q1 24 | $2.3B | $1.1B |
| Q4 25 | $71.0M | $-431.0M | ||
| Q3 25 | $142.0M | $-2.0M | ||
| Q2 25 | $104.0M | $69.0M | ||
| Q1 25 | $127.0M | $56.0M | ||
| Q4 24 | $138.0M | $50.0M | ||
| Q3 24 | $165.0M | $84.0M | ||
| Q2 24 | $190.0M | $37.0M | ||
| Q1 24 | $165.0M | $47.0M |
| 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% | — | ||
| Q3 25 | 10.7% | — | ||
| Q2 25 | 8.8% | — | ||
| Q1 25 | 10.5% | — | ||
| Q4 24 | 11.4% | — | ||
| Q3 24 | 12.6% | — | ||
| Q2 24 | 14.5% | — | ||
| Q1 24 | 12.4% | — |
| Q4 25 | 3.4% | -35.0% | ||
| Q3 25 | 6.5% | -0.2% | ||
| Q2 25 | 4.7% | 6.0% | ||
| Q1 25 | 6.0% | 5.0% | ||
| Q4 24 | 6.6% | 4.0% | ||
| Q3 24 | 7.5% | 6.9% | ||
| Q2 24 | 8.5% | 3.5% | ||
| Q1 24 | 7.3% | 4.2% |
| Q4 25 | $0.24 | $-12.00 | ||
| Q3 25 | $0.48 | $-0.07 | ||
| Q2 25 | $0.34 | $1.77 | ||
| Q1 25 | $0.42 | $1.46 | ||
| Q4 24 | $0.46 | $1.29 | ||
| Q3 24 | $0.55 | $2.12 | ||
| Q2 24 | $0.62 | $0.98 | ||
| Q1 24 | $0.53 | $1.22 |
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 | $406.0M |
| Total DebtLower is stronger | $5.0B | — |
| Stockholders' EquityBook value | $3.3B | $2.0B |
| Total Assets | $11.8B | $9.8B |
| Debt / EquityLower = less leverage | 1.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $261.0M | $406.0M | ||
| Q3 25 | $120.0M | $474.0M | ||
| Q2 25 | $120.0M | $205.0M | ||
| Q1 25 | $129.0M | $196.0M | ||
| Q4 24 | $157.0M | $197.0M | ||
| Q3 24 | $126.0M | $197.0M | ||
| Q2 24 | $125.0M | $206.0M | ||
| Q1 24 | $136.0M | $237.0M |
| 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 | $2.0B | ||
| Q3 25 | $3.3B | $2.5B | ||
| Q2 25 | $3.2B | $2.5B | ||
| Q1 25 | $3.2B | $2.4B | ||
| Q4 24 | $3.0B | $2.4B | ||
| Q3 24 | $3.0B | $2.4B | ||
| Q2 24 | $2.8B | $2.4B | ||
| Q1 24 | $2.9B | $2.4B |
| Q4 25 | $11.8B | $9.8B | ||
| Q3 25 | $11.9B | $10.1B | ||
| Q2 25 | $11.8B | $9.9B | ||
| Q1 25 | $11.5B | $9.9B | ||
| Q4 24 | $11.1B | $9.8B | ||
| Q3 24 | $11.2B | $9.7B | ||
| Q2 24 | $10.8B | $9.6B | ||
| Q1 24 | $11.3B | $9.9B |
| 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 | $6.0M |
| Free Cash FlowOCF − Capex | — | $-6.0M |
| FCF MarginFCF / Revenue | — | -0.5% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | 7.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $521.0M | $6.0M | ||
| Q3 25 | $227.0M | $62.0M | ||
| Q2 25 | $267.0M | $-48.0M | ||
| Q1 25 | $-174.0M | $8.0M | ||
| Q4 24 | $489.0M | $100.0M | ||
| Q3 24 | $187.0M | $72.0M | ||
| Q2 24 | $161.0M | $30.0M | ||
| Q1 24 | $3.0M | $3.0M |
| Q4 25 | — | $-6.0M | ||
| Q3 25 | — | $51.0M | ||
| Q2 25 | — | $-68.0M | ||
| Q1 25 | — | $-6.0M | ||
| Q4 24 | — | $86.0M | ||
| Q3 24 | — | $58.0M | ||
| Q2 24 | — | $17.0M | ||
| Q1 24 | — | $-13.0M |
| Q4 25 | — | -0.5% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | -5.9% | ||
| Q1 25 | — | -0.5% | ||
| Q4 24 | — | 6.9% | ||
| Q3 24 | — | 4.8% | ||
| Q2 24 | — | 1.6% | ||
| Q1 24 | — | -1.2% |
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 1.4% |
| Q4 25 | 7.34× | — | ||
| Q3 25 | 1.60× | — | ||
| Q2 25 | 2.57× | -0.70× | ||
| Q1 25 | -1.37× | 0.14× | ||
| Q4 24 | 3.54× | 2.00× | ||
| Q3 24 | 1.13× | 0.86× | ||
| Q2 24 | 0.85× | 0.81× | ||
| Q1 24 | 0.02× | 0.06× |
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% |
VAC
| Cost Reimbursement | $467.0M | 38% |
| Time Share | $381.0M | 31% |
| Management And Exchange | $212.0M | 17% |
| Ancillary Revenues | $64.0M | 5% |
| Management Service | $55.0M | 4% |
| Service Other | $36.0M | 3% |
