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GPGI, Inc.

GPGI Clue Score39
United States Fiscal year ends December CIK 0001823144
$12.60 +1.61% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $12.60 +24.51% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 19 Nov 2020. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue243.3Operating income86.9Net income81.5Fiscal year 2020Revenue260.6 +7.1%Operating income84.0Net income77.8 −4.5%Fiscal year 2021Net income−70.4 −190.4%Fiscal year 2021Revenue267.9Operating income81.4Net income3.2EPS, diluted0.12Fiscal year 2022Revenue378.5 +41.2%Operating income114.9Net income18.7 +491.5%EPS, diluted1.13Fiscal year 2023Revenue390.6 +3.2%Operating income119.1Net income19.2 +3.1%EPS, diluted0.96Fiscal year 2024Revenue420.6 +7.7%Operating income107.6Net income−53.7 −379.2%EPS, diluted−1.22Fiscal year 2025Revenue59.8 −85.8%Operating income−13.7Net income−136.0EPS, diluted−1.23
FY2019FY2020FY2021FY2021FY2022FY2023FY2024FY2025
Revenue 243.3 260.6 n/a 267.9 378.5 390.6 420.6 59.8
Growth +7.1% +41.2% +3.2% +7.7% −85.8%
Operating income 86.9 84.0 n/a 81.4 114.9 119.1 107.6 −13.7
Net income 81.5 77.8 −70.4 3.2 18.7 19.2 −53.7 −136.0
Growth −4.5% −190.4% +491.5% +3.1% −379.2%
EPS, diluted n/a n/a n/a 0.12 1.13 0.96 −1.22 −1.23

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2019Gross margin52.6%Operating margin35.7%Net margin33.5%Free cash flow margin29.4%Fiscal year 2020Gross margin50.9%Operating margin32.2%Net margin29.9%Free cash flow margin30.5%Fiscal year 2021Fiscal year 2021Gross margin54.1%Operating margin30.4%Net margin1.2%Free cash flow margin27.3%Fiscal year 2022Gross margin58.0%Operating margin30.4%Net margin4.9%Free cash flow margin22.1%Fiscal year 2023Gross margin53.5%Operating margin30.5%Net margin4.9%Free cash flow margin23.9%Fiscal year 2024Gross margin52.1%Operating margin25.6%Net margin−12.8%Free cash flow margin29.0%Fiscal year 2025Gross margin48.1%Operating margin−23.0%Net margin−227.3%Free cash flow margin−38.2%
FY2019FY2020FY2021FY2021FY2022FY2023FY2024FY2025
Gross margin 52.6% 50.9% n/a 54.1% 58.0% 53.5% 52.1% 48.1%
Operating margin 35.7% 32.2% n/a 30.4% 30.4% 30.5% 25.6% −23.0%
Net margin 33.5% 29.9% n/a 1.2% 4.9% 4.9% −12.8% −227.3%
Free cash flow margin 29.4% 30.5% n/a 27.3% 22.1% 23.9% 29.0% −38.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow81.2Capital expenditure−9.6Free cash flow71.5Fiscal year 2020Operating cash flow87.1Capital expenditure−7.5Free cash flow79.6 +11.2%Fiscal year 2021Fiscal year 2021Operating cash flow77.8Capital expenditure−4.7Free cash flow73.0Fiscal year 2022Operating cash flow92.8Capital expenditure−9.1Free cash flow83.7 +14.6%Dividends paid0.0Fiscal year 2023Operating cash flow104.3Capital expenditure−10.9Free cash flow93.4 +11.5%Buybacks0.0Dividends paid0.0Fiscal year 2024Operating cash flow129.6Capital expenditure−7.4Free cash flow122.1 +30.8%Buybacks0.0Dividends paid−8.9Fiscal year 2025Operating cash flow−22.9Capital expenditure0.0Free cash flow−22.9 −118.7%Buybacks−12.2Dividends paid0.0
FY2019FY2020FY2021FY2021FY2022FY2023FY2024FY2025
Operating cash flow 81.2 87.1 n/a 77.8 92.8 104.3 129.6 −22.9
Capital expenditure −9.6 −7.5 n/a −4.7 −9.1 −10.9 −7.4 0.0
Free cash flow 71.5 79.6 n/a 73.0 83.7 93.4 122.1 −22.9
Growth +11.2% +14.6% +11.5% +30.8% −118.7%
Buybacks n/a n/a n/a n/a n/a 0.0 0.0 −12.2
Dividends paid n/a n/a n/a n/a 0.0 0.0 −8.9 0.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2019Cash26.7Shareholders’ equity−55.5Fiscal year 2020Cash13.4Total debt235.9Net cash (debt)−222.5Shareholders’ equity−192.6Fiscal year 2021Cash21.9Total debt372.5Net cash (debt)−350.6Shareholders’ equity−1,016.0Fiscal year 2021Cash21.9Total debt372.5Net cash (debt)−350.6Shareholders’ equity−1,016.0Fiscal year 2022Cash13.6Total debt358.0Net cash (debt)−344.4Shareholders’ equity−892.2Fiscal year 2023Cash41.2Total debt336.5Net cash (debt)−295.3Shareholders’ equity−802.4Fiscal year 2024Cash77.5Total debt195.6Net cash (debt)−118.2Shareholders’ equity−143.4Fiscal year 2025Cash114.6Total debt0.0Net cash (debt)114.6Shareholders’ equity243.1Debt to equity0.00
FY2019FY2020FY2021FY2021FY2022FY2023FY2024FY2025
Cash 26.7 13.4 21.9 21.9 13.6 41.2 77.5 114.6
Total debt n/a 235.9 372.5 372.5 358.0 336.5 195.6 0.0
Net cash (debt) n/a −222.5 −350.6 −350.6 −344.4 −295.3 −118.2 114.6
Shareholders’ equity −55.5 −192.6 −1,016.0 −1,016.0 −892.2 −802.4 −143.4 243.1
Debt to equity n/a n/a n/a n/a n/a n/a n/a 0.00

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 27 Dec 2021 FY2021 31 Dec 2021 FY2022† 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025† 31 Dec 2025
Revenue and profit
243.3 260.6 n/a 267.9 378.5 390.6 420.6 59.8
Growth +7.1% +41.2% +3.2% +7.7% −85.8%
115.4 128.0 n/a 123.1 158.8 181.5 201.3 31.1
127.9 132.6 n/a 144.8 219.6 209.1 219.2 28.7
Growth +3.7% +51.6% −4.8% +4.9% −86.9%
n/a n/a n/a 2.7 6.7 6.8 7.4 1.3
40.6 48.7 n/a 63.4 104.7 90.0 111.6 42.5
86.9 84.0 n/a 81.4 114.9 119.1 107.6 −13.7
Growth −3.4% +41.1% +3.6% −9.6% −112.8%
81.5 77.8 n/a 82.6 136.2 117.1 −81.0 −225.8
0.0 0.0 n/a −0.9 4.4 4.6 2.2 39.0
81.5 77.8 −70.4 3.2 18.7 19.2 −53.7 −136.0
Growth −4.5% −190.4% +491.5% +3.1% −379.2%
Per share
n/a n/a n/a 0.21 1.21 1.03 −1.22 −1.23
n/a n/a n/a 0.12 1.13 0.96 −1.22 −1.23
Growth +841.7% −15.0% −227.1%
n/a n/a n/a 14.9 15.4 18.7 44.0 110.5
n/a n/a n/a 94.6 32.6 35.3 44.0 110.5
Growth −65.6% +8.5% +24.6% +151.1%

† The diluted share count jumps at 2022 and 2025, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 25.5% a year over five years.
  • Operating margin is down 55.2 points on five years ago, at -23.0%.
  • A net loss in 3 of 8 years on file.