Graphic Packaging (GPK)

NYSE Materials Paper & Plastic Packaging Products & Materials S&P MidCap 400

$11.19

-0.35 (-3.03%)

Close of Nov 06, 2026 · end-of-day data

Source: Graphic Packaging's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 04, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$4.28B	$4.38B	$6.01B	$6.14B	$6.54B	$7.13B	$9.41B	$9.38B	$8.78B	$8.58B
Cost of revenue	$3.50B	$3.70B	$5.08B	$5.07B	$5.46B	$6.08B	$7.61B	$7.31B	$6.84B	$7.01B
Gross profit	$791.90M	$719.50M	$952.40M	$1.09B	$1.10B	$1.05B	$1.80B	$2.07B	$1.93B	$1.57B
Research & development	$14.90M	$14.40M	$8.70M	$9.00M	$10.00M	$10.00M	$14.00M	$16.00M	$17.00M	$19.00M
Selling, general & admin	$353.40M	$347.50M	$472.10M	$512.00M	$513.00M	$528.00M	$774.00M	$805.00M	$774.00M	$704.00M
Operating income	$407.40M	$327.90M	$458.20M	$534.00M	$524.00M	$407.00M	$906.00M	$1.17B	$1.12B	$804.00M
Interest expense	$76.60M	$89.70M	$123.70M	$141.00M	$129.00M	$123.00M	$197.00M	$239.00M	$230.00M	$220.00M
Pre-tax income	$319.40M	$253.00M	$347.50M	$354.00M	$244.00M	$289.00M	$716.00M	$932.00M	$886.00M	$582.00M
Income tax	$93.20M	-$45.50M	$54.70M	$76.00M	$42.00M	$74.00M	$194.00M	$210.00M	$229.00M	$139.00M
Net income	$228.00M	$300.20M	$221.10M	$207.00M	$167.00M	$204.00M	$522.00M	$723.00M	$658.00M	$444.00M
EBITDA	$706.70M	$658.20M	$888.80M	$981.00M	$1.00B	$896.00M	$1.46B	$1.79B	$1.68B	$1.34B
EPS (basic)	$0.71	$0.97	$0.71	$0.70	$0.60	$0.69	$1.69	$2.35	$2.16	$1.48
EPS (diluted)	$0.71	$0.96	$0.71	$0.70	$0.60	$0.68	$1.69	$2.34	$2.16	$1.48
Diluted shares	321.50M	311.90M	310.10M	294.80M	279.60M	297.90M	309.50M	309.10M	305.10M	299.80M
Gross margin	18.5%	16.4%	15.8%	17.8%	16.8%	14.7%	19.1%	22.1%	22.0%	18.2%
Operating margin	9.5%	7.5%	7.6%	8.7%	8.0%	5.7%	9.6%	12.5%	12.8%	9.4%
Net margin	5.3%	6.8%	3.7%	3.4%	2.6%	2.9%	5.5%	7.7%	7.5%	5.2%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$59.10M	$67.40M	$70.50M	$152.90M	$179.00M	$172.00M	$150.00M	$162.00M	$157.00M	$261.00M
Receivables	$363.30M	$272.00M	$465.50M	$451.20M	$597.00M	$785.00M	$804.00M	$716.00M	$621.00M	$590.00M
Inventory	$582.90M	$634.00M	$1.01B	$1.10B	$1.13B	$1.39B	$1.61B	$1.75B	$1.75B	$1.77B
Total current assets	$1.11B	$1.17B	$1.76B	$1.81B	$2.02B	$2.50B	$2.71B	$2.85B	$2.78B	$2.92B
Goodwill	$1.26B	$1.32B	$1.46B	$1.48B	$1.48B	$2.02B	$1.98B	$2.10B	$1.99B	$2.06B
Total assets	$4.60B	$4.86B	$7.06B	$7.29B	$7.80B	$10.46B	$10.33B	$11.18B	$11.14B	$11.78B
Total current liabilities	$779.80M	$851.40M	$1.17B	$1.20B	$1.86B	$2.05B	$1.93B	$2.59B	$1.90B	$2.24B
Short-term debt	$63.40M	$61.30M	$52.00M	$50.40M	$497.00M	$279.00M	$53.00M	$764.00M	$39.00M	$549.00M
Long-term debt	$2.09B	$2.21B	$2.91B	$2.81B	$3.15B	$5.51B	$5.20B	$4.61B	$5.14B	$5.02B
Total debt	$2.15B	$2.27B	$2.96B	$2.86B	$3.64B	$5.79B	$5.25B	$5.37B	$5.18B	$5.57B
Total liabilities	$3.55B	$3.57B	$5.48B	$5.72B	$6.38B	$8.57B	$8.18B	$8.39B	$8.13B	$8.44B
Shareholders' equity	$1.06B	$1.29B	$1.58B	$1.57B	$1.42B	$1.89B	$2.15B	$2.78B	$3.01B	$3.34B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$74.00M	-$192.50M	-$373.80M	$666.00M	$825.00M	$609.00M	$1.09B	$1.14B	$840.00M	$841.00M
Capital expenditures	$278.60M	$240.90M	$378.80M	—	—	—	—	—	—	—
Free cash flow	-$204.60M	-$433.40M	-$752.60M	$666.00M	$825.00M	$609.00M	$1.09B	$1.14B	$840.00M	$841.00M
Investing cash flow	-$65.10M	$268.10M	$689.10M	-$225.00M	-$648.00M	-$2.39B	-$435.00M	-$1.02B	-$342.00M	-$732.00M
Financing cash flow	-$3.10M	-$69.80M	-$310.70M	-$361.00M	-$152.00M	$1.78B	-$666.00M	-$106.00M	-$489.00M	-$18.00M
Dividends paid	$64.40M	$93.40M	$111.00M	$113.00M	$103.00M	$92.00M	$92.00M	$123.00M	$122.00M	$128.00M
Share buybacks	$164.90M	$62.10M	$119.10M	$129.00M	$316.00M	$0	$28.00M	$54.00M	$200.00M	$150.00M
Stock-based compensation	$20.20M	$8.90M	$13.80M	$22.00M	$34.00M	$27.00M	$34.00M	$44.00M	$62.00M	$2.00M
Depreciation & amortization	$299.30M	$330.30M	$430.60M	$447.00M	$476.00M	$489.00M	$553.00M	$619.00M	$557.00M	$536.00M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$2.24B	$2.25B	$2.23B	$2.21B	$2.09B	$2.11B	$2.19B	$2.18B	$2.10B	$2.15B	$2.18B	$2.19B
Cost of revenue	$1.75B	$1.73B	$1.76B	$1.71B	$1.64B	$1.68B	$1.78B	$1.76B	$1.80B	$1.85B	$1.90B	$1.89B
Gross profit	$489.00M	$518.00M	$472.00M	$492.00M	$448.00M	$435.00M	$409.00M	$427.00M	$295.00M	$300.00M	$284.00M	$304.00M
Selling, general & admin	$183.00M	$215.00M	$197.00M	$191.00M	$171.00M	$196.00M	$204.00M	$163.00M	$141.00M	$202.00M	$180.00M	$162.00M
Operating income	$290.00M	$278.00M	$324.00M	$278.00M	$239.00M	$221.00M	$193.00M	$234.00M	$156.00M	$19.00M	$95.00M	$101.00M
Interest expense	$59.00M	$59.00M	$60.00M	$58.00M	$53.00M	$51.00M	$53.00M	$53.00M	$63.00M	$64.00M	$68.00M	$69.00M
Pre-tax income	$230.00M	$218.00M	$264.00M	$219.00M	$185.00M	$170.00M	$139.00M	$181.00M	$92.00M	-$45.00M	$26.00M	$32.00M
Income tax	$35.00M	$53.00M	$74.00M	$55.00M	$47.00M	$43.00M	$35.00M	$40.00M	$21.00M	-$2.00M	$2.00M	$11.00M
Net income	$196.00M	$165.00M	$190.00M	$165.00M	$138.00M	$127.00M	$104.00M	$142.00M	$71.00M	-$43.00M	$24.00M	$22.00M
EBITDA	$444.00M	$426.00M	$457.00M	$417.00M	$376.00M	$352.00M	$323.00M	$360.00M	$305.00M	$158.00M	$240.00M	$253.00M
EPS (basic)	$0.64	$0.54	$0.62	$0.55	$0.45	$0.42	$0.35	$0.48	$0.24	$-0.14	$0.08	$0.07
EPS (diluted)	$0.64	$0.53	$0.62	$0.55	$0.46	$0.42	$0.34	$0.48	$0.24	$-0.14	$0.08	$0.07
Diluted shares	-200.00K	309.10M	306.90M	302.60M	-1.00M	303.20M	301.60M	297.60M	-1.00M	296.70M	296.70M	297.00M
Gross margin	21.9%	23.0%	21.2%	22.3%	21.4%	20.6%	18.7%	19.6%	14.1%	14.0%	13.0%	13.9%
Operating margin	13.0%	12.4%	14.5%	12.6%	11.4%	10.5%	8.8%	10.7%	7.4%	0.9%	4.4%	4.6%
Net margin	8.8%	7.3%	8.5%	7.5%	6.6%	6.0%	4.7%	6.5%	3.4%	-2.0%	1.1%	1.0%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$162.00M	$136.00M	$125.00M	$126.00M	$157.00M	$129.00M	$120.00M	$120.00M	$261.00M	$189.00M	$205.00M	$337.00M
Receivables	$716.00M	$878.00M	$875.00M	$971.00M	$621.00M	$863.00M	$866.00M	$908.00M	$590.00M	$861.00M	$888.00M	$794.00M
Inventory	$1.75B	$1.70B	$1.70B	$1.75B	$1.75B	$1.81B	$1.80B	$1.78B	$1.77B	$1.72B	$1.69B	$1.69B
Total current assets	$2.85B	$2.92B	$2.84B	$2.99B	$2.78B	$2.95B	$2.97B	$3.01B	$2.92B	$2.96B	$3.01B	$2.99B
Goodwill	$2.10B	$2.01B	$2.01B	$2.03B	$1.99B	$2.02B	$2.06B	$2.06B	$2.06B	$2.05B	$2.05B	$2.04B
Total assets	$11.18B	$11.35B	$10.83B	$11.23B	$11.14B	$11.50B	$11.79B	$11.88B	$11.78B	$11.69B	$11.66B	$11.47B
Total current liabilities	$2.59B	$2.37B	$1.96B	$1.73B	$1.90B	$1.57B	$2.07B	$1.95B	$2.24B	$2.10B	$2.18B	$2.51B
Short-term debt	$764.00M	$756.00M	$327.00M	$31.00M	$39.00M	$41.00M	$443.00M	$446.00M	$549.00M	$549.00M	$552.00M	$854.00M
Long-term debt	$4.61B	$4.93B	$4.93B	$5.37B	$5.14B	$5.67B	$5.39B	$5.47B	$5.02B	$5.20B	$5.12B	$4.64B
Total debt	$5.37B	$5.69B	$5.26B	$5.40B	$5.18B	$5.71B	$5.83B	$5.92B	$5.57B	$5.75B	$5.67B	$5.50B
Total liabilities	$8.39B	$8.49B	$8.02B	$8.22B	$8.13B	$8.34B	$8.58B	$8.59B	$8.44B	$8.44B	$8.42B	$8.27B
Shareholders' equity	$2.78B	$2.86B	$2.81B	$3.01B	$3.01B	$3.16B	$3.22B	$3.29B	$3.34B	$3.25B	$3.24B	$3.21B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$442.00M	$3.00M	$161.00M	$187.00M	$489.00M	-$174.00M	$267.00M	$227.00M	$521.00M	-$113.00M	$158.00M	$250.00M
Free cash flow	$442.00M	$3.00M	$161.00M	$187.00M	$489.00M	-$174.00M	$267.00M	$227.00M	$521.00M	-$113.00M	$158.00M	$250.00M
Investing cash flow	-$150.00M	-$311.00M	$486.00M	-$277.00M	-$240.00M	-$298.00M	-$207.00M	-$231.00M	$4.00M	-$97.00M	-$36.00M	$85.00M
Financing cash flow	-$294.00M	$287.00M	-$655.00M	$88.00M	-$209.00M	$439.00M	-$77.00M	$4.00M	-$384.00M	$138.00M	-$106.00M	-$200.00M
Dividends paid	$31.00M	$31.00M	$30.00M	$30.00M	$31.00M	$30.00M	$33.00M	$33.00M	$32.00M	$32.00M	$33.00M	$33.00M
Share buybacks	$17.00M	$0	$200.00M	$0	$0	—	—	$40.00M	$0	—	—	$0
Stock-based compensation	$8.00M	$22.00M	$15.00M	$13.00M	$12.00M	-$4.00M	$3.00M	$1.00M	$2.00M	$12.00M	$6.00M	$4.00M
Depreciation & amortization	$154.00M	$148.00M	$133.00M	$139.00M	$137.00M	$131.00M	$130.00M	$126.00M	$149.00M	$139.00M	$145.00M	$152.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.