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

WHIRLPOOL CORP is the larger business by last-quarter revenue ($4.1B vs $2.1B, roughly 2.0× GRAPHIC PACKAGING HOLDING CO). GRAPHIC PACKAGING HOLDING CO runs the higher net margin — 3.4% vs 2.7%, a 0.7% gap on every dollar of revenue. On growth, GRAPHIC PACKAGING HOLDING CO posted the faster year-over-year revenue change (0.2% vs -0.9%). Over the past eight quarters, GRAPHIC PACKAGING HOLDING CO's revenue compounded faster (-3.5% CAGR vs -4.5%).

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...

Whirlpool Corporation is an American multinational manufacturer and marketer of home appliances headquartered in Benton Charter Township, Michigan, United States. In 2023, the Fortune 500 company had an annual revenue of approximately $19 billion in sales, around 59,000 employees, and more than 55 manufacturing and technology research centers globally.

GPK vs WHR — Head-to-Head

Bigger by revenue
WHR
WHR
2.0× larger
WHR
$4.1B
$2.1B
GPK
Growing faster (revenue YoY)
GPK
GPK
+1.2% gap
GPK
0.2%
-0.9%
WHR
Higher net margin
GPK
GPK
0.7% more per $
GPK
3.4%
2.7%
WHR
Faster 2-yr revenue CAGR
GPK
GPK
Annualised
GPK
-3.5%
-4.5%
WHR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GPK
GPK
WHR
WHR
Revenue
$2.1B
$4.1B
Net Profit
$71.0M
$109.0M
Gross Margin
14.1%
14.0%
Operating Margin
7.4%
6.0%
Net Margin
3.4%
2.7%
Revenue YoY
0.2%
-0.9%
Net Profit YoY
-48.6%
127.8%
EPS (diluted)
$0.24
$1.92

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
WHR
WHR
Q4 25
$2.1B
$4.1B
Q3 25
$2.2B
$4.0B
Q2 25
$2.2B
$3.8B
Q1 25
$2.1B
$3.6B
Q4 24
$2.1B
$4.1B
Q3 24
$2.2B
$4.0B
Q2 24
$2.2B
$4.0B
Q1 24
$2.3B
$4.5B
Net Profit
GPK
GPK
WHR
WHR
Q4 25
$71.0M
$109.0M
Q3 25
$142.0M
$73.0M
Q2 25
$104.0M
$65.0M
Q1 25
$127.0M
$71.0M
Q4 24
$138.0M
$-392.0M
Q3 24
$165.0M
$109.0M
Q2 24
$190.0M
$219.0M
Q1 24
$165.0M
$-259.0M
Gross Margin
GPK
GPK
WHR
WHR
Q4 25
14.1%
14.0%
Q3 25
19.6%
14.7%
Q2 25
18.7%
16.2%
Q1 25
20.6%
16.8%
Q4 24
21.4%
16.2%
Q3 24
22.3%
16.1%
Q2 24
21.2%
15.7%
Q1 24
23.0%
14.3%
Operating Margin
GPK
GPK
WHR
WHR
Q4 25
7.4%
6.0%
Q3 25
10.7%
5.1%
Q2 25
8.8%
5.4%
Q1 25
10.5%
5.1%
Q4 24
11.4%
-3.3%
Q3 24
12.6%
6.6%
Q2 24
14.5%
3.3%
Q1 24
12.4%
-2.6%
Net Margin
GPK
GPK
WHR
WHR
Q4 25
3.4%
2.7%
Q3 25
6.5%
1.8%
Q2 25
4.7%
1.7%
Q1 25
6.0%
2.0%
Q4 24
6.6%
-9.5%
Q3 24
7.5%
2.7%
Q2 24
8.5%
5.5%
Q1 24
7.3%
-5.8%
EPS (diluted)
GPK
GPK
WHR
WHR
Q4 25
$0.24
$1.92
Q3 25
$0.48
$1.29
Q2 25
$0.34
$1.17
Q1 25
$0.42
$1.28
Q4 24
$0.46
$-7.11
Q3 24
$0.55
$2.00
Q2 24
$0.62
$3.96
Q1 24
$0.53
$-4.72

Balance Sheet & Financial Strength

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

Metric
GPK
GPK
WHR
WHR
Cash + ST InvestmentsLiquidity on hand
$261.0M
$669.0M
Total DebtLower is stronger
$5.0B
$6.2B
Stockholders' EquityBook value
$3.3B
$2.7B
Total Assets
$11.8B
$16.0B
Debt / EquityLower = less leverage
1.51×
2.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GPK
GPK
WHR
WHR
Q4 25
$261.0M
$669.0M
Q3 25
$120.0M
$934.0M
Q2 25
$120.0M
$1.1B
Q1 25
$129.0M
$1.0B
Q4 24
$157.0M
$1.3B
Q3 24
$126.0M
$1.1B
Q2 24
$125.0M
$1.2B
Q1 24
$136.0M
$1.2B
Total Debt
GPK
GPK
WHR
WHR
Q4 25
$5.0B
$6.2B
Q3 25
$5.5B
Q2 25
$5.4B
Q1 25
$5.7B
Q4 24
$5.1B
$6.6B
Q3 24
$5.4B
Q2 24
$4.9B
Q1 24
$4.9B
Stockholders' Equity
GPK
GPK
WHR
WHR
Q4 25
$3.3B
$2.7B
Q3 25
$3.3B
$2.6B
Q2 25
$3.2B
$2.6B
Q1 25
$3.2B
$2.6B
Q4 24
$3.0B
$2.7B
Q3 24
$3.0B
$3.0B
Q2 24
$2.8B
$3.1B
Q1 24
$2.9B
$2.4B
Total Assets
GPK
GPK
WHR
WHR
Q4 25
$11.8B
$16.0B
Q3 25
$11.9B
$16.9B
Q2 25
$11.8B
$16.8B
Q1 25
$11.5B
$16.5B
Q4 24
$11.1B
$16.3B
Q3 24
$11.2B
$17.2B
Q2 24
$10.8B
$17.3B
Q1 24
$11.3B
$17.4B
Debt / Equity
GPK
GPK
WHR
WHR
Q4 25
1.51×
2.26×
Q3 25
1.67×
Q2 25
1.68×
Q1 25
1.80×
Q4 24
1.71×
2.46×
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
GPK
GPK
WHR
WHR
Operating Cash FlowLast quarter
$521.0M
$1.1B
Free Cash FlowOCF − Capex
$989.0M
FCF MarginFCF / Revenue
24.1%
Capex IntensityCapex / Revenue
3.7%
Cash ConversionOCF / Net Profit
7.34×
10.45×
TTM Free Cash FlowTrailing 4 quarters
$81.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GPK
GPK
WHR
WHR
Q4 25
$521.0M
$1.1B
Q3 25
$227.0M
$33.0M
Q2 25
$267.0M
$19.0M
Q1 25
$-174.0M
$-721.0M
Q4 24
$489.0M
$1.1B
Q3 24
$187.0M
$214.0M
Q2 24
$161.0M
$388.0M
Q1 24
$3.0M
$-873.0M
Free Cash Flow
GPK
GPK
WHR
WHR
Q4 25
$989.0M
Q3 25
$-52.0M
Q2 25
$-63.0M
Q1 25
$-793.0M
Q4 24
$970.0M
Q3 24
$127.0M
Q2 24
$275.0M
Q1 24
$-988.0M
FCF Margin
GPK
GPK
WHR
WHR
Q4 25
24.1%
Q3 25
-1.3%
Q2 25
-1.7%
Q1 25
-21.9%
Q4 24
23.5%
Q3 24
3.2%
Q2 24
6.9%
Q1 24
-22.0%
Capex Intensity
GPK
GPK
WHR
WHR
Q4 25
3.7%
Q3 25
2.1%
Q2 25
2.2%
Q1 25
2.0%
Q4 24
3.3%
Q3 24
2.2%
Q2 24
2.8%
Q1 24
2.6%
Cash Conversion
GPK
GPK
WHR
WHR
Q4 25
7.34×
10.45×
Q3 25
1.60×
0.45×
Q2 25
2.57×
0.29×
Q1 25
-1.37×
-10.15×
Q4 24
3.54×
Q3 24
1.13×
1.96×
Q2 24
0.85×
1.77×
Q1 24
0.02×

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%

WHR
WHR

Refrigeration$1.2B30%
Laundry$1.1B27%
Cooking$1.1B26%
Dishwashing$299.0M7%
Other$266.0M6%
Spare Parts And Warranties$139.0M3%

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