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Side-by-side financial comparison of GRAPHIC PACKAGING HOLDING CO (GPK) and V F CORP (VFC). Click either name above to swap in a different company.
V F CORP is the larger business by last-quarter revenue ($2.9B vs $2.1B, roughly 1.4× GRAPHIC PACKAGING HOLDING CO). V F CORP runs the higher net margin — 10.5% vs 3.4%, a 7.1% gap on every dollar of revenue. On growth, V F CORP posted the faster year-over-year revenue change (1.5% vs 0.2%). Over the past eight quarters, V F CORP's revenue compounded faster (10.1% 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...
The F. W. Woolworth Company was a retail company and one of the pioneers of the five-and-dime store. It was among the most successful American and international five-and-dime businesses, setting trends and creating the modern retail model that stores worldwide follow today.
GPK vs VFC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $2.9B |
| Net Profit | $71.0M | $300.8M |
| Gross Margin | 14.1% | 56.6% |
| Operating Margin | 7.4% | 10.1% |
| Net Margin | 3.4% | 10.5% |
| Revenue YoY | 0.2% | 1.5% |
| Net Profit YoY | -48.6% | 79.3% |
| EPS (diluted) | $0.24 | $0.76 |
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 | $2.9B | ||
| Q3 25 | $2.2B | $2.8B | ||
| Q2 25 | $2.2B | $1.8B | ||
| Q1 25 | $2.1B | $2.0B | ||
| Q4 24 | $2.1B | $2.8B | ||
| Q3 24 | $2.2B | $2.8B | ||
| Q2 24 | $2.2B | $1.9B | ||
| Q1 24 | $2.3B | $2.4B |
| Q4 25 | $71.0M | $300.8M | ||
| Q3 25 | $142.0M | $189.8M | ||
| Q2 25 | $104.0M | $-116.4M | ||
| Q1 25 | $127.0M | $-150.8M | ||
| Q4 24 | $138.0M | $167.8M | ||
| Q3 24 | $165.0M | $52.2M | ||
| Q2 24 | $190.0M | $-258.9M | ||
| Q1 24 | $165.0M | $-418.3M |
| Q4 25 | 14.1% | 56.6% | ||
| Q3 25 | 19.6% | 52.2% | ||
| Q2 25 | 18.7% | 53.9% | ||
| Q1 25 | 20.6% | 52.7% | ||
| Q4 24 | 21.4% | 56.3% | ||
| Q3 24 | 22.3% | 52.2% | ||
| Q2 24 | 21.2% | 52.0% | ||
| Q1 24 | 23.0% | 48.4% |
| Q4 25 | 7.4% | 10.1% | ||
| Q3 25 | 10.7% | 11.2% | ||
| Q2 25 | 8.8% | -4.9% | ||
| Q1 25 | 10.5% | 2.2% | ||
| Q4 24 | 11.4% | 8.0% | ||
| Q3 24 | 12.6% | 9.9% | ||
| Q2 24 | 14.5% | -12.6% | ||
| Q1 24 | 12.4% | -15.0% |
| Q4 25 | 3.4% | 10.5% | ||
| Q3 25 | 6.5% | 6.8% | ||
| Q2 25 | 4.7% | -6.6% | ||
| Q1 25 | 6.0% | -7.5% | ||
| Q4 24 | 6.6% | 5.9% | ||
| Q3 24 | 7.5% | 1.9% | ||
| Q2 24 | 8.5% | -13.6% | ||
| Q1 24 | 7.3% | -17.6% |
| Q4 25 | $0.24 | $0.76 | ||
| Q3 25 | $0.48 | $0.48 | ||
| Q2 25 | $0.34 | $-0.30 | ||
| Q1 25 | $0.42 | $-0.37 | ||
| Q4 24 | $0.46 | $0.43 | ||
| Q3 24 | $0.55 | $0.13 | ||
| Q2 24 | $0.62 | $-0.67 | ||
| Q1 24 | $0.53 | $-1.07 |
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 | $1.5B |
| Total DebtLower is stronger | $5.0B | $3.6B |
| Stockholders' EquityBook value | $3.3B | $1.8B |
| Total Assets | $11.8B | $10.4B |
| Debt / EquityLower = less leverage | 1.51× | 1.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $261.0M | $1.5B | ||
| Q3 25 | $120.0M | $419.1M | ||
| Q2 25 | $120.0M | $642.4M | ||
| Q1 25 | $129.0M | $429.4M | ||
| Q4 24 | $157.0M | $1.4B | ||
| Q3 24 | $126.0M | $492.2M | ||
| Q2 24 | $125.0M | $637.4M | ||
| Q1 24 | $136.0M | $674.6M |
| Q4 25 | $5.0B | $3.6B | ||
| Q3 25 | $5.5B | $3.5B | ||
| Q2 25 | $5.4B | $3.6B | ||
| Q1 25 | $5.7B | $3.4B | ||
| Q4 24 | $5.1B | $3.9B | ||
| Q3 24 | $5.4B | $4.0B | ||
| Q2 24 | $4.9B | $3.9B | ||
| Q1 24 | $4.9B | $4.7B |
| Q4 25 | $3.3B | $1.8B | ||
| Q3 25 | $3.3B | $1.5B | ||
| Q2 25 | $3.2B | $1.3B | ||
| Q1 25 | $3.2B | $1.5B | ||
| Q4 24 | $3.0B | $1.7B | ||
| Q3 24 | $3.0B | $1.4B | ||
| Q2 24 | $2.8B | $1.4B | ||
| Q1 24 | $2.9B | $1.7B |
| Q4 25 | $11.8B | $10.4B | ||
| Q3 25 | $11.9B | $10.6B | ||
| Q2 25 | $11.8B | $10.2B | ||
| Q1 25 | $11.5B | $9.4B | ||
| Q4 24 | $11.1B | $10.6B | ||
| Q3 24 | $11.2B | $12.2B | ||
| Q2 24 | $10.8B | $11.5B | ||
| Q1 24 | $11.3B | $11.6B |
| Q4 25 | 1.51× | 1.99× | ||
| Q3 25 | 1.67× | 2.40× | ||
| Q2 25 | 1.68× | 2.76× | ||
| Q1 25 | 1.80× | 2.30× | ||
| Q4 24 | 1.71× | 2.31× | ||
| Q3 24 | 1.79× | 2.86× | ||
| Q2 24 | 1.75× | 2.84× | ||
| Q1 24 | 1.73× | 2.84× |
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 | $1.0B |
| Free Cash FlowOCF − Capex | — | $977.9M |
| FCF MarginFCF / Revenue | — | 34.0% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | 7.34× | 3.36× |
| TTM Free Cash FlowTrailing 4 quarters | — | $357.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $521.0M | $1.0B | ||
| Q3 25 | $227.0M | $-227.0M | ||
| Q2 25 | $267.0M | $-145.5M | ||
| Q1 25 | $-174.0M | $-171.1M | ||
| Q4 24 | $489.0M | $918.1M | ||
| Q3 24 | $187.0M | $-301.6M | ||
| Q2 24 | $161.0M | $19.8M | ||
| Q1 24 | $3.0M | — |
| Q4 25 | — | $977.9M | ||
| Q3 25 | — | $-253.5M | ||
| Q2 25 | — | $-173.7M | ||
| Q1 25 | — | $-193.0M | ||
| Q4 24 | — | $899.7M | ||
| Q3 24 | — | $-322.4M | ||
| Q2 24 | — | $-5.4M | ||
| Q1 24 | — | — |
| Q4 25 | — | 34.0% | ||
| Q3 25 | — | -9.0% | ||
| Q2 25 | — | -9.9% | ||
| Q1 25 | — | -9.6% | ||
| Q4 24 | — | 31.7% | ||
| Q3 24 | — | -11.7% | ||
| Q2 24 | — | -0.3% | ||
| Q1 24 | — | — |
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | — |
| Q4 25 | 7.34× | 3.36× | ||
| Q3 25 | 1.60× | -1.20× | ||
| Q2 25 | 2.57× | — | ||
| Q1 25 | -1.37× | — | ||
| Q4 24 | 3.54× | 5.47× | ||
| Q3 24 | 1.13× | -5.78× | ||
| Q2 24 | 0.85× | — | ||
| 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% |
VFC
| Outdoor | $1.9B | 67% |
| Sales Channel Through Intermediary | $813.4M | 28% |
| Other | $136.3M | 5% |
