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Side-by-side financial comparison of GRAPHIC PACKAGING HOLDING CO (GPK) and WEC Energy Group (WEC). Click either name above to swap in a different company.

WEC Energy Group is the larger business by last-quarter revenue ($2.5B vs $2.1B, roughly 1.2× GRAPHIC PACKAGING HOLDING CO). WEC Energy Group runs the higher net margin — 12.5% vs 3.4%, a 9.1% gap on every dollar of revenue. On growth, WEC Energy Group posted the faster year-over-year revenue change (11.1% vs 0.2%). Over the past eight quarters, WEC Energy Group's revenue compounded faster (-2.7% 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...

WEC Energy Group is an American energy company based in Milwaukee, Wisconsin. It provides electricity and natural gas to 4.4 million customers across four states.

GPK vs WEC — Head-to-Head

Bigger by revenue
WEC
WEC
1.2× larger
WEC
$2.5B
$2.1B
GPK
Growing faster (revenue YoY)
WEC
WEC
+10.8% gap
WEC
11.1%
0.2%
GPK
Higher net margin
WEC
WEC
9.1% more per $
WEC
12.5%
3.4%
GPK
Faster 2-yr revenue CAGR
WEC
WEC
Annualised
WEC
-2.7%
-3.5%
GPK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GPK
GPK
WEC
WEC
Revenue
$2.1B
$2.5B
Net Profit
$71.0M
$316.8M
Gross Margin
14.1%
63.7%
Operating Margin
7.4%
17.9%
Net Margin
3.4%
12.5%
Revenue YoY
0.2%
11.1%
Net Profit YoY
-48.6%
-30.1%
EPS (diluted)
$0.24

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
WEC
WEC
Q4 25
$2.1B
$2.5B
Q3 25
$2.2B
$2.1B
Q2 25
$2.2B
$2.0B
Q1 25
$2.1B
$3.1B
Q4 24
$2.1B
$2.3B
Q3 24
$2.2B
$1.9B
Q2 24
$2.2B
$1.8B
Q1 24
$2.3B
$2.7B
Net Profit
GPK
GPK
WEC
WEC
Q4 25
$71.0M
$316.8M
Q3 25
$142.0M
$270.2M
Q2 25
$104.0M
$243.0M
Q1 25
$127.0M
$725.5M
Q4 24
$138.0M
$453.1M
Q3 24
$165.0M
$238.6M
Q2 24
$190.0M
$210.0M
Q1 24
$165.0M
$622.6M
Gross Margin
GPK
GPK
WEC
WEC
Q4 25
14.1%
63.7%
Q3 25
19.6%
71.1%
Q2 25
18.7%
71.6%
Q1 25
20.6%
63.0%
Q4 24
21.4%
67.7%
Q3 24
22.3%
72.1%
Q2 24
21.2%
73.5%
Q1 24
23.0%
65.4%
Operating Margin
GPK
GPK
WEC
WEC
Q4 25
7.4%
17.9%
Q3 25
10.7%
21.4%
Q2 25
8.8%
20.1%
Q1 25
10.5%
29.8%
Q4 24
11.4%
25.9%
Q3 24
12.6%
20.6%
Q2 24
14.5%
20.6%
Q1 24
12.4%
30.3%
Net Margin
GPK
GPK
WEC
WEC
Q4 25
3.4%
12.5%
Q3 25
6.5%
12.8%
Q2 25
4.7%
12.1%
Q1 25
6.0%
23.0%
Q4 24
6.6%
19.8%
Q3 24
7.5%
12.8%
Q2 24
8.5%
11.9%
Q1 24
7.3%
23.2%
EPS (diluted)
GPK
GPK
WEC
WEC
Q4 25
$0.24
Q3 25
$0.48
Q2 25
$0.34
Q1 25
$0.42
Q4 24
$0.46
Q3 24
$0.55
Q2 24
$0.62
Q1 24
$0.53

Balance Sheet & Financial Strength

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

Metric
GPK
GPK
WEC
WEC
Cash + ST InvestmentsLiquidity on hand
$261.0M
$27.6M
Total DebtLower is stronger
$5.0B
$20.0B
Stockholders' EquityBook value
$3.3B
$14.1B
Total Assets
$11.8B
$51.5B
Debt / EquityLower = less leverage
1.51×
1.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GPK
GPK
WEC
WEC
Q4 25
$261.0M
$27.6M
Q3 25
$120.0M
$51.1M
Q2 25
$120.0M
$23.0M
Q1 25
$129.0M
$82.2M
Q4 24
$157.0M
$9.8M
Q3 24
$126.0M
$322.5M
Q2 24
$125.0M
$224.0M
Q1 24
$136.0M
$38.9M
Total Debt
GPK
GPK
WEC
WEC
Q4 25
$5.0B
$20.0B
Q3 25
$5.5B
Q2 25
$5.4B
Q1 25
$5.7B
Q4 24
$5.1B
$18.9B
Q3 24
$5.4B
$16.9B
Q2 24
$4.9B
$16.9B
Q1 24
$4.9B
$15.4B
Stockholders' Equity
GPK
GPK
WEC
WEC
Q4 25
$3.3B
$14.1B
Q3 25
$3.3B
$14.0B
Q2 25
$3.2B
$13.7B
Q1 25
$3.2B
$13.4B
Q4 24
$3.0B
$12.8B
Q3 24
$3.0B
$12.4B
Q2 24
$2.8B
$12.4B
Q1 24
$2.9B
$12.4B
Total Assets
GPK
GPK
WEC
WEC
Q4 25
$11.8B
$51.5B
Q3 25
$11.9B
$49.8B
Q2 25
$11.8B
$48.5B
Q1 25
$11.5B
$48.2B
Q4 24
$11.1B
$47.4B
Q3 24
$11.2B
$45.2B
Q2 24
$10.8B
$44.6B
Q1 24
$11.3B
$43.9B
Debt / Equity
GPK
GPK
WEC
WEC
Q4 25
1.51×
1.42×
Q3 25
1.67×
Q2 25
1.68×
Q1 25
1.80×
Q4 24
1.71×
1.48×
Q3 24
1.79×
1.36×
Q2 24
1.75×
1.36×
Q1 24
1.73×
1.24×

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
WEC
WEC
Operating Cash FlowLast quarter
$521.0M
$424.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
7.34×
1.34×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GPK
GPK
WEC
WEC
Q4 25
$521.0M
$424.6M
Q3 25
$227.0M
$938.9M
Q2 25
$267.0M
$853.3M
Q1 25
$-174.0M
$1.2B
Q4 24
$489.0M
$581.8M
Q3 24
$187.0M
$729.0M
Q2 24
$161.0M
$1.0B
Q1 24
$3.0M
$863.6M
Free Cash Flow
GPK
GPK
WEC
WEC
Q4 25
Q3 25
$-625.7M
Q2 25
$23.9M
Q1 25
$461.5M
Q4 24
Q3 24
$-67.3M
Q2 24
$343.5M
Q1 24
$419.1M
FCF Margin
GPK
GPK
WEC
WEC
Q4 25
Q3 25
-29.7%
Q2 25
1.2%
Q1 25
14.7%
Q4 24
Q3 24
-3.6%
Q2 24
19.4%
Q1 24
15.6%
Capex Intensity
GPK
GPK
WEC
WEC
Q4 25
Q3 25
74.4%
Q2 25
41.3%
Q1 25
22.3%
Q4 24
Q3 24
42.7%
Q2 24
39.2%
Q1 24
16.6%
Cash Conversion
GPK
GPK
WEC
WEC
Q4 25
7.34×
1.34×
Q3 25
1.60×
3.47×
Q2 25
2.57×
3.51×
Q1 25
-1.37×
1.60×
Q4 24
3.54×
1.28×
Q3 24
1.13×
3.06×
Q2 24
0.85×
4.94×
Q1 24
0.02×
1.39×

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%

WEC
WEC

Wisconsin$1.9B73%
Illinois$441.2M17%
Other States$165.1M7%
External Revenues$74.0M3%
Otheroperatingrevenues$8.0M0%

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