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GRAPHIC PACKAGING HOLDING CO

GPK Clue Score56
United States Fiscal year ends December CIK 0001408075
$8.35 -2.68% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $8.35 −55.61% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. 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 2016Revenue4.28Operating income0.41Net income0.23EPS, diluted0.71Fiscal year 2017Revenue4.38 +2.4%Operating income0.33Net income0.30 +31.7%EPS, diluted0.96 +35.2%Fiscal year 2018Revenue6.01 +37.1%Operating income0.46Net income0.22 −26.3%EPS, diluted0.71 −26.0%Fiscal year 2019Revenue6.14 +2.1%Operating income0.53Net income0.21 −6.4%EPS, diluted0.70 −1.4%Fiscal year 2020Revenue6.54 +6.4%Operating income0.52Net income0.17 −19.3%EPS, diluted0.60 −14.3%Fiscal year 2021Revenue7.13 +9.1%Operating income0.41Net income0.20 +22.2%EPS, diluted0.68 +13.3%Fiscal year 2022Revenue9.41 +32.0%Operating income0.91Net income0.52 +155.9%EPS, diluted1.69 +148.5%Fiscal year 2023Revenue9.38 −0.3%Operating income1.17Net income0.72 +38.5%EPS, diluted2.34 +38.5%Fiscal year 2024Revenue8.78 −6.5%Operating income1.12Net income0.66 −9.0%EPS, diluted2.16 −7.7%Fiscal year 2025Revenue8.58 −2.2%Operating income0.80Net income0.44 −32.5%EPS, diluted1.48 −31.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 4.28 4.38 6.01 6.14 6.54 7.13 9.41 9.38 8.78 8.58
Growth +2.4% +37.1% +2.1% +6.4% +9.1% +32.0% −0.3% −6.5% −2.2%
Operating income 0.41 0.33 0.46 0.53 0.52 0.41 0.91 1.17 1.12 0.80
Net income 0.23 0.30 0.22 0.21 0.17 0.20 0.52 0.72 0.66 0.44
Growth +31.7% −26.3% −6.4% −19.3% +22.2% +155.9% +38.5% −9.0% −32.5%
EPS, diluted 0.71 0.96 0.71 0.70 0.60 0.68 1.69 2.34 2.16 1.48
Growth +35.2% −26.0% −1.4% −14.3% +13.3% +148.5% +38.5% −7.7% −31.5%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin18.5%Operating margin9.5%Net margin5.3%Free cash flow margin−4.8%Fiscal year 2017Gross margin16.4%Operating margin7.5%Net margin6.8%Free cash flow margin−9.9%Fiscal year 2018Gross margin15.8%Operating margin7.6%Net margin3.7%Free cash flow margin−12.5%Fiscal year 2019Gross margin17.8%Operating margin8.7%Net margin3.4%Fiscal year 2020Gross margin16.8%Operating margin8.0%Net margin2.6%Fiscal year 2021Operating margin5.7%Net margin2.9%Fiscal year 2022Operating margin9.6%Net margin5.5%Fiscal year 2023Operating margin12.5%Net margin7.7%Fiscal year 2024Operating margin12.8%Net margin7.5%Fiscal year 2025Operating margin9.4%Net margin5.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 18.5% 16.4% 15.8% 17.8% 16.8% n/a n/a n/a n/a n/a
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%
Free cash flow margin −4.8% −9.9% −12.5% n/a n/a n/a n/a n/a n/a n/a

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 2016Operating cash flow0.07Capital expenditure−0.28Free cash flow−0.20Buybacks−0.16Dividends paid−0.06Fiscal year 2017Operating cash flow−0.19Capital expenditure−0.24Free cash flow−0.43Buybacks−0.06Dividends paid−0.09Fiscal year 2018Operating cash flow−0.37Capital expenditure−0.38Free cash flow−0.75Buybacks−0.12Dividends paid−0.11Fiscal year 2019Operating cash flow0.67Buybacks−0.13Dividends paid−0.11Fiscal year 2020Operating cash flow0.83Buybacks−0.32Dividends paid−0.10Fiscal year 2021Operating cash flow0.61Buybacks0.00Dividends paid−0.09Fiscal year 2022Operating cash flow1.09Buybacks−0.03Dividends paid−0.09Fiscal year 2023Operating cash flow1.14Buybacks−0.05Dividends paid−0.12Fiscal year 2024Operating cash flow0.84Buybacks−0.20Dividends paid−0.12Fiscal year 2025Operating cash flow0.84Buybacks−0.15Dividends paid−0.13
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.07 −0.19 −0.37 0.67 0.83 0.61 1.09 1.14 0.84 0.84
Capital expenditure −0.28 −0.24 −0.38 n/a n/a n/a n/a n/a n/a n/a
Free cash flow −0.20 −0.43 −0.75 n/a n/a n/a n/a n/a n/a n/a
Growth
Buybacks −0.16 −0.06 −0.12 −0.13 −0.32 0.00 −0.03 −0.05 −0.20 −0.15
Dividends paid −0.06 −0.09 −0.11 −0.11 −0.10 −0.09 −0.09 −0.12 −0.12 −0.13

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.06Total debt2.11Net cash (debt)−2.05Shareholders’ equity1.06Debt to equity2.00Fiscal year 2017Cash0.07Total debt2.26Net cash (debt)−2.20Shareholders’ equity1.29Debt to equity1.75Fiscal year 2018Cash0.07Total debt2.94Net cash (debt)−2.87Shareholders’ equity1.58Debt to equity1.86Fiscal year 2019Cash0.15Total debt2.85Net cash (debt)−2.69Shareholders’ equity1.57Debt to equity1.81Fiscal year 2020Cash0.18Total debt3.64Net cash (debt)−3.46Shareholders’ equity1.42Debt to equity2.55Fiscal year 2021Cash0.17Total debt5.78Net cash (debt)−5.61Shareholders’ equity1.89Debt to equity3.06Fiscal year 2022Cash0.15Total debt5.23Net cash (debt)−5.08Shareholders’ equity2.15Debt to equity2.43Fiscal year 2023Cash0.16Total debt5.35Net cash (debt)−5.19Shareholders’ equity2.78Debt to equity1.92Fiscal year 2024Cash0.16Total debt5.16Net cash (debt)−5.00Shareholders’ equity3.01Debt to equity1.71Fiscal year 2025Cash0.26Total debt5.55Net cash (debt)−5.29Shareholders’ equity3.34Debt to equity1.66
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.06 0.07 0.07 0.15 0.18 0.17 0.15 0.16 0.16 0.26
Total debt 2.11 2.26 2.94 2.85 3.64 5.78 5.23 5.35 5.16 5.55
Net cash (debt) −2.05 −2.20 −2.87 −2.69 −3.46 −5.61 −5.08 −5.19 −5.00 −5.29
Shareholders’ equity 1.06 1.29 1.58 1.57 1.42 1.89 2.15 2.78 3.01 3.34
Debt to equity 2.00 1.75 1.86 1.81 2.55 3.06 2.43 1.92 1.71 1.66

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

Financial statements FY2025 · 10-K

Income statement

In billions 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 FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
4.28 4.38 6.01 6.14 6.54 7.13 9.41 9.38 8.78 8.58
Growth +2.4% +37.1% +2.1% +6.4% +9.1% +32.0% −0.3% −6.5% −2.2%
3.50 3.70 5.08 5.07 5.46 6.09 7.61 7.31 6.85 7.02
0.79 0.72 0.95 1.09 1.10 n/a n/a n/a n/a n/a
Growth −9.1% +32.4% +14.7% +0.7%
0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.02 0.02
0.35 0.35 0.47 0.51 0.51 0.53 0.77 0.81 0.77 0.70
0.41 0.33 0.46 0.53 0.52 0.41 0.91 1.17 1.12 0.80
Growth −19.5% +39.7% +16.5% −1.9% −22.3% +122.6% +29.6% −4.7% −28.2%
0.32 0.25 0.35 0.35 0.24 0.29 0.72 0.93 0.89 0.58
0.09 −0.05 0.05 0.08 0.04 0.07 0.19 0.21 0.23 0.14
0.23 0.30 0.22 0.21 0.17 0.20 0.52 0.72 0.66 0.44
Growth +31.7% −26.3% −6.4% −19.3% +22.2% +155.9% +38.5% −9.0% −32.5%
Per share
0.71 0.97 0.71 0.70 0.60 0.69 1.69 2.35 2.16 1.48
0.71 0.96 0.71 0.70 0.60 0.68 1.69 2.34 2.16 1.48
Growth +35.2% −26.0% −1.4% −14.3% +13.3% +148.5% +38.5% −7.7% −31.5%
320.9 311.1 309.5 294.1 278.8 297.1 308.8 308.2 304.0 299.3
321.5 311.9 310.1 294.8 279.6 297.9 309.5 309.1 305.1 299.8
Growth −3.0% −0.6% −4.9% −5.2% +6.5% +3.9% −0.1% −1.3% −1.7%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 5.6% a year over five years, and earnings per share grew 19.8% a year.
  • The diluted share count rose 7.2% in five years, which is dilution.
  • Operating margin is up 1.4 points on five years ago, at 9.4%.
  • Profitable in every one of the 10 years on file.