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Side-by-side financial comparison of GRAPHIC PACKAGING HOLDING CO (GPK) and XPO, Inc. (XPO). 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 $2.0B, roughly 1.0× XPO, Inc.). GRAPHIC PACKAGING HOLDING CO runs the higher net margin — 3.4% vs 2.9%, a 0.5% gap on every dollar of revenue. On growth, XPO, Inc. posted the faster year-over-year revenue change (4.7% vs 0.2%). Over the past eight quarters, XPO, Inc.'s revenue compounded faster (-0.1% 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...
XPO, Inc., formerly XPO Logistics, is an American transportation company that conducts less-than-truckload shipping in North America. The company has headquarters in Greenwich, Connecticut, and has 592 locations globally. XPO is the second largest provider of less-than-truckload (LTL) services in North America, operating in 99 percent of all U.S. postal codes.
GPK vs XPO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $2.0B |
| Net Profit | $71.0M | $59.0M |
| Gross Margin | 14.1% | — |
| Operating Margin | 7.4% | 7.1% |
| Net Margin | 3.4% | 2.9% |
| Revenue YoY | 0.2% | 4.7% |
| Net Profit YoY | -48.6% | -21.3% |
| EPS (diluted) | $0.24 | $0.49 |
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 | $2.0B | ||
| Q3 25 | $2.2B | $2.1B | ||
| Q2 25 | $2.2B | $2.1B | ||
| Q1 25 | $2.1B | $2.0B | ||
| Q4 24 | $2.1B | $1.9B | ||
| Q3 24 | $2.2B | $2.1B | ||
| Q2 24 | $2.2B | $2.1B | ||
| Q1 24 | $2.3B | $2.0B |
| Q4 25 | $71.0M | $59.0M | ||
| Q3 25 | $142.0M | $82.0M | ||
| Q2 25 | $104.0M | $106.0M | ||
| Q1 25 | $127.0M | $69.0M | ||
| Q4 24 | $138.0M | $75.0M | ||
| Q3 24 | $165.0M | $95.0M | ||
| Q2 24 | $190.0M | $150.0M | ||
| Q1 24 | $165.0M | $67.0M |
| 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% | 7.1% | ||
| Q3 25 | 10.7% | 7.8% | ||
| Q2 25 | 8.8% | 9.5% | ||
| Q1 25 | 10.5% | 7.7% | ||
| Q4 24 | 11.4% | 7.8% | ||
| Q3 24 | 12.6% | 8.6% | ||
| Q2 24 | 14.5% | 9.5% | ||
| Q1 24 | 12.4% | 6.8% |
| Q4 25 | 3.4% | 2.9% | ||
| Q3 25 | 6.5% | 3.9% | ||
| Q2 25 | 4.7% | 5.1% | ||
| Q1 25 | 6.0% | 3.5% | ||
| Q4 24 | 6.6% | 3.9% | ||
| Q3 24 | 7.5% | 4.6% | ||
| Q2 24 | 8.5% | 7.2% | ||
| Q1 24 | 7.3% | 3.3% |
| Q4 25 | $0.24 | $0.49 | ||
| Q3 25 | $0.48 | $0.68 | ||
| Q2 25 | $0.34 | $0.89 | ||
| Q1 25 | $0.42 | $0.58 | ||
| Q4 24 | $0.46 | $0.63 | ||
| Q3 24 | $0.55 | $0.79 | ||
| Q2 24 | $0.62 | $1.25 | ||
| Q1 24 | $0.53 | $0.56 |
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 | $310.0M |
| Total DebtLower is stronger | $5.0B | — |
| Stockholders' EquityBook value | $3.3B | $1.9B |
| Total Assets | $11.8B | $8.2B |
| Debt / EquityLower = less leverage | 1.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $261.0M | $310.0M | ||
| Q3 25 | $120.0M | $335.0M | ||
| Q2 25 | $120.0M | $225.0M | ||
| Q1 25 | $129.0M | $212.0M | ||
| Q4 24 | $157.0M | $246.0M | ||
| Q3 24 | $126.0M | $378.0M | ||
| Q2 24 | $125.0M | $250.0M | ||
| Q1 24 | $136.0M | $229.0M |
| 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 | $1.9B | ||
| Q3 25 | $3.3B | $1.8B | ||
| Q2 25 | $3.2B | $1.8B | ||
| Q1 25 | $3.2B | $1.6B | ||
| Q4 24 | $3.0B | $1.6B | ||
| Q3 24 | $3.0B | $1.6B | ||
| Q2 24 | $2.8B | $1.5B | ||
| Q1 24 | $2.9B | $1.3B |
| Q4 25 | $11.8B | $8.2B | ||
| Q3 25 | $11.9B | $8.2B | ||
| Q2 25 | $11.8B | $8.1B | ||
| Q1 25 | $11.5B | $7.9B | ||
| Q4 24 | $11.1B | $7.7B | ||
| Q3 24 | $11.2B | $7.9B | ||
| Q2 24 | $10.8B | $7.7B | ||
| Q1 24 | $11.3B | $7.6B |
| 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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 5.3% |
| Cash ConversionOCF / Net Profit | 7.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $521.0M | — | ||
| Q3 25 | $227.0M | $371.0M | ||
| Q2 25 | $267.0M | $247.0M | ||
| Q1 25 | $-174.0M | $142.0M | ||
| Q4 24 | $489.0M | $189.0M | ||
| Q3 24 | $187.0M | $264.0M | ||
| Q2 24 | $161.0M | $210.0M | ||
| Q1 24 | $3.0M | $145.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | $215.0M | ||
| Q2 25 | — | $51.0M | ||
| Q1 25 | — | $-57.0M | ||
| Q4 24 | — | $23.0M | ||
| Q3 24 | — | $137.0M | ||
| Q2 24 | — | $20.0M | ||
| Q1 24 | — | $-161.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 10.2% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | -2.9% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | — | 6.7% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | -8.0% |
| Q4 25 | — | 5.3% | ||
| Q3 25 | — | 7.4% | ||
| Q2 25 | — | 9.4% | ||
| Q1 25 | — | 10.2% | ||
| Q4 24 | — | 8.6% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 9.1% | ||
| Q1 24 | — | 15.2% |
| Q4 25 | 7.34× | — | ||
| Q3 25 | 1.60× | 4.52× | ||
| Q2 25 | 2.57× | 2.33× | ||
| Q1 25 | -1.37× | 2.06× | ||
| Q4 24 | 3.54× | 2.52× | ||
| Q3 24 | 1.13× | 2.78× | ||
| Q2 24 | 0.85× | 1.40× | ||
| Q1 24 | 0.02× | 2.16× |
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% |
XPO
| North American LTL | $1.2B | 58% |
| European Transportation | $844.0M | 42% |
