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

Xylem Inc. is the larger business by last-quarter revenue ($2.1B vs $2.1B, roughly 1.0× GRAPHIC PACKAGING HOLDING CO). Xylem Inc. runs the higher net margin — 8.9% vs 3.4%, a 5.5% gap on every dollar of revenue. On growth, Xylem Inc. posted the faster year-over-year revenue change (2.7% vs 0.2%). Over the past eight quarters, Xylem Inc.'s revenue compounded faster (-1.0% 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...

Xylem is one of the two types of transport tissue in vascular plants, the other being phloem; both of these are part of the vascular bundle. The basic function of the xylem is to transport water upward from the roots to parts of the plants such as stems and leaves, but it also transports nutrients. The word xylem is derived from the Ancient Greek word ξύλον (xúlon), meaning "wood"; the best-known xylem tissue is wood, though it is found throughout a plant.

GPK vs XYL — Head-to-Head

Bigger by revenue
XYL
XYL
1.0× larger
XYL
$2.1B
$2.1B
GPK
Growing faster (revenue YoY)
XYL
XYL
+2.5% gap
XYL
2.7%
0.2%
GPK
Higher net margin
XYL
XYL
5.5% more per $
XYL
8.9%
3.4%
GPK
Faster 2-yr revenue CAGR
XYL
XYL
Annualised
XYL
-1.0%
-3.5%
GPK

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
GPK
GPK
XYL
XYL
Revenue
$2.1B
$2.1B
Net Profit
$71.0M
$189.0M
Gross Margin
14.1%
37.8%
Operating Margin
7.4%
11.5%
Net Margin
3.4%
8.9%
Revenue YoY
0.2%
2.7%
Net Profit YoY
-48.6%
13.2%
EPS (diluted)
$0.24
$0.79

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
XYL
XYL
Q1 26
$2.1B
Q4 25
$2.1B
$2.4B
Q3 25
$2.2B
$2.3B
Q2 25
$2.2B
$2.3B
Q1 25
$2.1B
$2.1B
Q4 24
$2.1B
$2.3B
Q3 24
$2.2B
$2.1B
Q2 24
$2.2B
$2.2B
Net Profit
GPK
GPK
XYL
XYL
Q1 26
$189.0M
Q4 25
$71.0M
$335.0M
Q3 25
$142.0M
$227.0M
Q2 25
$104.0M
$226.0M
Q1 25
$127.0M
$169.0M
Q4 24
$138.0M
$326.0M
Q3 24
$165.0M
$217.0M
Q2 24
$190.0M
$194.0M
Gross Margin
GPK
GPK
XYL
XYL
Q1 26
37.8%
Q4 25
14.1%
38.9%
Q3 25
19.6%
38.9%
Q2 25
18.7%
38.8%
Q1 25
20.6%
37.1%
Q4 24
21.4%
38.0%
Q3 24
22.3%
37.3%
Q2 24
21.2%
37.8%
Operating Margin
GPK
GPK
XYL
XYL
Q1 26
11.5%
Q4 25
7.4%
14.7%
Q3 25
10.7%
14.7%
Q2 25
8.8%
13.3%
Q1 25
10.5%
11.2%
Q4 24
11.4%
11.8%
Q3 24
12.6%
13.3%
Q2 24
14.5%
11.7%
Net Margin
GPK
GPK
XYL
XYL
Q1 26
8.9%
Q4 25
3.4%
14.0%
Q3 25
6.5%
10.0%
Q2 25
4.7%
9.8%
Q1 25
6.0%
8.2%
Q4 24
6.6%
14.5%
Q3 24
7.5%
10.3%
Q2 24
8.5%
8.9%
EPS (diluted)
GPK
GPK
XYL
XYL
Q1 26
$0.79
Q4 25
$0.24
$1.37
Q3 25
$0.48
$0.93
Q2 25
$0.34
$0.93
Q1 25
$0.42
$0.69
Q4 24
$0.46
$1.33
Q3 24
$0.55
$0.89
Q2 24
$0.62
$0.80

Balance Sheet & Financial Strength

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

Metric
GPK
GPK
XYL
XYL
Cash + ST InvestmentsLiquidity on hand
$261.0M
$808.0M
Total DebtLower is stronger
$5.0B
$1.9B
Stockholders' EquityBook value
$3.3B
$11.0B
Total Assets
$11.8B
$17.0B
Debt / EquityLower = less leverage
1.51×
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GPK
GPK
XYL
XYL
Q1 26
$808.0M
Q4 25
$261.0M
$1.5B
Q3 25
$120.0M
$1.2B
Q2 25
$120.0M
$1.2B
Q1 25
$129.0M
$1.1B
Q4 24
$157.0M
$1.1B
Q3 24
$126.0M
$989.0M
Q2 24
$125.0M
$815.0M
Total Debt
GPK
GPK
XYL
XYL
Q1 26
$1.9B
Q4 25
$5.0B
$2.0B
Q3 25
$5.5B
$2.0B
Q2 25
$5.4B
$2.0B
Q1 25
$5.7B
$2.0B
Q4 24
$5.1B
$2.0B
Q3 24
$5.4B
Q2 24
$4.9B
Stockholders' Equity
GPK
GPK
XYL
XYL
Q1 26
$11.0B
Q4 25
$3.3B
$11.5B
Q3 25
$3.3B
$11.2B
Q2 25
$3.2B
$11.1B
Q1 25
$3.2B
$10.8B
Q4 24
$3.0B
$10.6B
Q3 24
$3.0B
$10.6B
Q2 24
$2.8B
$10.3B
Total Assets
GPK
GPK
XYL
XYL
Q1 26
$17.0B
Q4 25
$11.8B
$17.6B
Q3 25
$11.9B
$17.3B
Q2 25
$11.8B
$17.2B
Q1 25
$11.5B
$16.6B
Q4 24
$11.1B
$16.5B
Q3 24
$11.2B
$16.0B
Q2 24
$10.8B
$15.8B
Debt / Equity
GPK
GPK
XYL
XYL
Q1 26
0.18×
Q4 25
1.51×
0.17×
Q3 25
1.67×
0.18×
Q2 25
1.68×
0.18×
Q1 25
1.80×
0.19×
Q4 24
1.71×
0.19×
Q3 24
1.79×
Q2 24
1.75×

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
XYL
XYL
Operating Cash FlowLast quarter
$521.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
4.2%
Cash ConversionOCF / Net Profit
7.34×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GPK
GPK
XYL
XYL
Q1 26
Q4 25
$521.0M
$543.0M
Q3 25
$227.0M
$360.0M
Q2 25
$267.0M
$305.0M
Q1 25
$-174.0M
$33.0M
Q4 24
$489.0M
$575.0M
Q3 24
$187.0M
$311.0M
Q2 24
$161.0M
$288.0M
Free Cash Flow
GPK
GPK
XYL
XYL
Q1 26
Q4 25
$460.0M
Q3 25
$281.0M
Q2 25
$207.0M
Q1 25
$-38.0M
Q4 24
$475.0M
Q3 24
$237.0M
Q2 24
$215.0M
FCF Margin
GPK
GPK
XYL
XYL
Q1 26
Q4 25
19.2%
Q3 25
12.4%
Q2 25
9.0%
Q1 25
-1.8%
Q4 24
21.1%
Q3 24
11.3%
Q2 24
9.9%
Capex Intensity
GPK
GPK
XYL
XYL
Q1 26
4.2%
Q4 25
3.5%
Q3 25
3.5%
Q2 25
4.3%
Q1 25
3.4%
Q4 24
4.4%
Q3 24
3.5%
Q2 24
3.4%
Cash Conversion
GPK
GPK
XYL
XYL
Q1 26
Q4 25
7.34×
1.62×
Q3 25
1.60×
1.59×
Q2 25
2.57×
1.35×
Q1 25
-1.37×
0.20×
Q4 24
3.54×
1.76×
Q3 24
1.13×
1.43×
Q2 24
0.85×
1.48×

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%

XYL
XYL

Revenue from products$1.8B83%
Revenue from services$368.0M17%

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