Saturday 17 October 2026
Export GPK’s income statement to Excel — free account
Graphic Packaging Holding Company
GPK Consumer Cyclical Packaging & Containers
Graphic Packaging Holding Company’s revenue for fiscal 2025 (year ended December 2025) was $8.6 billion, down 2.16% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS fell 77.1%, free cash flow grew 92.3% and total debt fell 2.88%, each against the same quarter a year earlier. Dividend growth for ten consecutive years; insiders bought in the last twelve months.
8.57
0.16
−1.83%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 10.71 | 12.00 | 10.04 | 10.54 | 10.41 | 15.36 | 17.99 | 20.07 | 23.47 | 13.93 |
Analyst estimates 2026–2028 Powerpack |
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| High | 14.70 | 15.85 | 16.74 | 16.95 | 17.07 | 21.56 | 24.07 | 27.56 | 30.70 | 28.62 | |||||
| People | |||||||||||||||
| People | Employees | 13,000 | 13,000 | 18,000 | 18,000 | 18,775 | 25,000 | 24,000 | 23,500 | 23,000 | 23,000 | ||||
| Revenue/emp, $m | 0.33 | 0.34 | 0.33 | 0.34 | 0.35 | 0.29 | 0.39 | 0.40 | 0.38 | 0.37 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 4,298 | 4,406 | 6,029 | 6,160 | 6,560 | 7,156 | 9,440 | 9,428 | 8,807 | 8,617 | ||||
| Gross margin, % | 18.64 | 16.10 | 15.80 | 17.73 | 16.77 | 14.97 | 19.39 | 22.45 | 22.28 | 18.59 | |||||
| EBT | 319 | 253 | 348 | 354 | 244 | 289 | 716 | 932 | 886 | 582 | |||||
| EBT margin, % | 7.43 | 5.74 | 5.76 | 5.75 | 3.72 | 4.04 | 7.58 | 9.89 | 10.06 | 6.75 | |||||
| Net income | 228 | 300 | 294 | 278 | 203 | 216 | 522 | 723 | 658 | 444 | |||||
| Depreciation | 304 | 335 | 435 | 452 | 482 | 498 | 562 | 625 | 563 | 542 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 13.39 | 14.16 | 19.48 | 20.95 | 23.53 | 24.09 | 30.57 | 30.59 | 28.97 | 28.79 | ||||
| Earnings | 0.71 | 0.97 | 0.71 | 0.70 | 0.60 | 0.69 | 1.69 | 2.35 | 2.16 | 1.48 | |||||
| Cash flow | 0.23 | (0.62) | (1.21) | 2.26 | 2.96 | 2.05 | 3.53 | 3.71 | 2.76 | 2.81 | |||||
| Capex | (0.92) | (0.81) | (1.12) | (1.20) | (2.32) | (2.70) | (1.78) | (2.61) | (3.96) | (3.08) | |||||
| Free cash flow | (0.69) | (1.43) | (2.32) | 1.06 | 0.64 | (0.65) | 1.75 | 1.10 | (1.19) | (0.27) | |||||
| Book value | 3.29 | 4.15 | 6.52 | 7.00 | 6.60 | 6.37 | 6.96 | 9.03 | 9.91 | 11.15 | |||||
| Shares, m | 321 | 311 | 310 | 294 | 279 | 297 | 309 | 308 | 304 | 299 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 18.08 | 16.24 | 14.78 | 23.79 | 27.32 | 27.86 | 12.78 | 10.59 | 12.52 | 10.11 | ||||
| P/S | 0.96 | 1.11 | 0.55 | 0.79 | 0.72 | 0.81 | 0.71 | 0.81 | 0.94 | 0.52 | |||||
| P/B | 3.90 | 3.79 | 1.63 | 2.38 | 2.57 | 3.06 | 3.12 | 2.76 | 2.74 | 1.35 | |||||
| EV/Sales | 1.45 | 1.61 | 1.02 | 1.23 | 1.25 | 1.60 | 1.25 | 1.37 | 1.51 | 1.14 | |||||
| EV/FCF | (28.16) | (15.98) | (8.59) | 24.29 | 45.74 | (59.15) | 21.84 | 37.88 | (36.59) | (121.20) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 74 | (192) | (374) | 666 | 825 | 609 | 1,090 | 1,144 | 840 | 841 | ||||
| Capex | (295) | (252) | (346) | (353) | (646) | (802) | (549) | (804) | (1,203) | (922) | |||||
| Free cash flow | (221) | (445) | (720) | 313 | 179 | (193) | 541 | 340 | (363) | (81) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 335 | 319 | 592 | 607 | 164 | 453 | 773 | 256 | 881 | 679 | ||||
| Total debt | 2,152 | 2,275 | 2,957 | 2,860 | 3,644 | 5,794 | 5,253 | 5,373 | 5,184 | 5,571 | |||||
| Net debt | 2,093 | 2,207 | 2,887 | 2,707 | 3,465 | 5,622 | 5,103 | 5,211 | 5,027 | 5,310 | |||||
| Shareholders’ equity | 1,057 | 1,292 | 2,019 | 2,058 | 1,840 | 1,893 | 2,150 | 2,782 | 3,013 | 3,337 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 5.15 | 6.34 | 3.71 | 2.89 | 2.21 | 2.23 | 5.02 | 6.72 | 5.90 | 3.87 | ||||
| ROIC | 8.09 | 5.86 | 5.84 | 7.00 | 6.17 | 3.38 | 7.81 | 9.18 | 8.70 | 5.81 | |||||
| ROE | 21.13 | 25.57 | 13.36 | 10.16 | 8.57 | 10.93 | 25.82 | 29.32 | 22.71 | 13.98 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Graphic Packaging Holding Company vs peers in Packaging & Containers (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| SON Sonoco Products Company | $4.9B | 7.9× | 11.9× | −1.31% (below 0%: shrinking) | −78.83% (below 0%: shrinking) | +138.94% (above 0%: growing) | 20.81% | 10.23% | Compare |
| REYN Reynolds Consumer Products Inc. | $4.8B | 13.9× | 14.0× | +0.64% (above 0%: growing) | +20.00% (above 0%: growing) | −11.76% (below 0%: shrinking) | 25.95% | 14.62% | Compare |
| GEF Greif, Inc. | $4.3B | 13.5× | 23.5× | +3.53% (above 0%: growing) | +24.55% (above 0%: growing) | −82.57% (below 0%: shrinking) | 23.39% | 9.26% | Compare |
| SLGN Silgan Holdings Inc. | $4.0B | 14.8× | 11.0× | +6.76% (above 0%: growing) | −13.25% (below 0%: shrinking) | +12.13% (above 0%: growing) | 17.94% | 9.19% | Compare |
| GEF.B Greif Inc. | $3.7B | 14.6× | — | +3.53% (above 0%: growing) | +86.36% (above 0%: growing) | −82.57% (below 0%: shrinking) | 23.39% | 9.26% | Compare |
| AMBP Ardagh Metal Packaging S.A. | $2.8B | 78.0× | 60.0× | +17.73% (above 0%: growing) | n/m | +52.38% (above 0%: growing) | 13.89% | 6.71% | Compare |
| GPK Graphic Packaging Holding Company | $2.6B | 13.0× | 19.0× | −0.73% (below 0%: shrinking) | −77.14% (below 0%: shrinking) | +92.31% (above 0%: growing) | 13.35% | 4.34% | |
| TRS TriMas Corporation | $1.4B | 1.6× | — (loss-making) | +1.65% (above 0%: growing) | −9.76% (below 0%: shrinking) | −451.48% (below 0%: shrinking) | 20.24% | 6.22% | Compare |
| MYE Myers Industries, Inc. | $1.2B | 32.3× | 21.8× | +9.78% (above 0%: growing) | +103.85% (above 0%: growing) | +17.23% (above 0%: growing) | 34.30% | 17.39% | Compare |
| Median of peers | $3.8B | 14.3× | 17.9× | +3.53% | +20.00% | +0.19% | 22.10% | 9.26% |
Graphic Packaging Holding Company (GPK) key facts
- Concern: Graphic Packaging Holding Company’s revenue for fiscal 2025 (year ended December 2025) was $8.6 billion, down 2.16% from fiscal 2024.
- Concern: Net income was $444.0 million, or $1.48 per share (basic), a net margin of 5.15%.
- Graphic Packaging Holding Company (GPK) is a Packaging & Containers company in the Consumer Cyclical sector, listed on the New York Stock Exchange.
- As of October 16, 2026, GPK traded at $8.57, a market capitalization of $2.6 billion.
- At that price the stock trades at 13.0× trailing-twelve-month earnings and 0.3× sales; its P/E is higher than 32% of its own readings over the past ten years.
- Graphic Packaging Holding Company pays an annual dividend of $0.44 per share, a yield of 5.13%, with a payout ratio of 66.7%.
- Return on equity was 14.0% and debt-to-equity 1.75.
- Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 1.54 (distress zone) for fiscal 2025.