Graphic Packaging Holding Company (GPK) Income Statement
GPK 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsGPK revenue and net income
Where GPK's revenue goes
2025Each bar shows an amount and its share of revenue. GPK kept 5.2% of revenue as net income.
GPK profit margins
GPK growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −2.2% | −3.0% | +5.6% | +7.6% |
| Gross profit | −19.2% | −4.1% | +7.3% | +7.2% |
| Operating income | −24.6% | −5.8% | +6.7% | +6.7% |
| Net income | −32.5% | −5.3% | +21.6% | +6.8% |
| EPS (diluted) | −27.7% | −8.4% | +10.2% | +9.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GPK quarterly EPS vs estimates
Graphic Packaging beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 3, 2026 (estimate $0.25).
GPK income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.62B | $8.81B | $9.43B | $9.44B | $7.16B | $6.56B | $6.16B | $6.03B | $4.40B | $4.30B |
| Cost of revenue | $7.00B | $6.81B | $7.23B | $7.62B | $6.08B | $5.43B | $5.06B | $5.08B | $3.69B | $3.49B |
| Gross profit | $1.61B | $2.00B | $2.19B | $1.82B | $1.08B | $1.13B | $1.10B | $952.0M | $718.2M | $804.3M |
| Research & development | — | $17.0M | $16.0M | $14.0M | $10.0M | $10.2M | $9.2M | $8.7M | $14.4M | $14.9M |
| Sales, general & admin | $704.0M | $774.0M | $805.0M | $774.0M | $528.0M | $512.6M | $511.8M | $465.7M | $342.7M | $355.7M |
| Total operating expenses | $743.0M | $843.0M | $860.0M | $787.0M | $526.0M | $503.7M | $525.1M | $482.6M | $342.7M | $355.7M |
| Operating income | $869.0M | $1.15B | $1.33B | $1.04B | $551.0M | $628.8M | $570.4M | $469.4M | $375.5M | $448.6M |
| Interest income | $220.0M | $230.0M | $239.0M | $197.0M | $123.0M | $128.8M | $140.6M | $123.7M | $89.7M | $76.6M |
| Interest expense | $222.0M | $230.0M | $239.0M | $197.0M | $123.0M | $129.0M | $141.0M | $123.7M | $89.7M | $76.6M |
| Income before taxes | $583.0M | $887.0M | $933.0M | $716.0M | $290.0M | $244.9M | $354.4M | $348.7M | $254.7M | $321.2M |
| Income taxes | $139.0M | $229.0M | $210.0M | $194.0M | $74.0M | $41.6M | $76.3M | $54.7M | −$45.5M | $93.2M |
| Net income | $444.0M | $658.0M | $723.0M | $522.0M | $204.0M | $167.3M | $206.8M | $221.1M | $300.2M | $228.0M |
| EBITDA | $1.34B | $1.67B | $1.79B | $1.47B | $895.0M | $842.3M | $940.2M | $902.7M | $673.6M | $693.3M |
| EPS (diluted) | $1.80 | $2.49 | $2.92 | $2.34 | $1.14 | $1.11 | $0.88 | $0.82 | $0.64 | $0.73 |
| Gross margin | 18.7% | 22.7% | 23.3% | 19.3% | 15.1% | 17.3% | 17.8% | 15.8% | 16.3% | 18.7% |
| Operating margin | 10.1% | 13.1% | 14.1% | 11.0% | 7.7% | 9.6% | 9.3% | 7.8% | 8.5% | 10.4% |
| Net margin | 5.2% | 7.5% | 7.7% | 5.5% | 2.9% | 2.6% | 3.4% | 3.7% | 6.8% | 5.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.19B | $2.16B | $2.10B | $2.19B | $2.20B | $2.12B | $2.10B | $2.22B | $2.24B | $2.26B | $2.25B | $2.35B |
| Cost of revenue | $1.90B | $1.85B | $1.80B | $1.75B | $1.78B | $1.67B | $1.63B | $1.71B | $1.75B | $1.72B | $1.74B | $1.78B |
| Gross profit | $292.0M | $304.0M | $303.0M | $436.0M | $423.0M | $450.0M | $464.0M | $507.0M | $482.0M | $543.0M | $512.0M | $564.0M |
| Research & development | — | — | — | — | — | — | $17.0M | — | — | — | $16.0M | — |
| Sales, general & admin | $180.0M | $202.0M | $141.0M | $163.0M | $204.0M | $196.0M | $216.0M | $191.0M | $197.0M | $217.0M | $183.0M | $220.0M |
| Total operating expenses | $197.0M | $216.0M | $147.0M | $179.0M | $207.0M | $210.0M | $197.0M | $201.0M | $214.0M | $236.0M | $186.0M | $241.0M |
| Operating income | $95.0M | $87.0M | $156.0M | $257.0M | $216.0M | $240.0M | $267.0M | $306.0M | $268.0M | $307.0M | $326.0M | $323.0M |
| Interest income | — | — | $63.0M | $53.0M | $53.0M | $51.0M | $53.0M | $58.0M | — | — | — | $62.0M |
| Interest expense | $68.0M | $64.0M | $65.0M | $53.0M | $53.0M | $51.0M | $53.0M | $58.0M | $60.0M | $59.0M | $59.0M | $62.0M |
| Income before taxes | $26.0M | −$45.0M | $92.0M | $182.0M | $139.0M | $170.0M | $185.0M | $220.0M | $264.0M | $218.0M | $231.0M | $224.0M |
| Income taxes | −$2.0M | −$2.0M | $21.0M | $40.0M | $35.0M | $43.0M | $47.0M | $55.0M | $74.0M | $53.0M | $35.0M | $54.0M |
| Net income | $24.0M | −$43.0M | $71.0M | $142.0M | $104.0M | $127.0M | $138.0M | $165.0M | $190.0M | $165.0M | $196.0M | $170.0M |
| EBITDA | $239.0M | $158.0M | $306.0M | $361.0M | $323.0M | $352.0M | $376.0M | $416.0M | $457.0M | $426.0M | $445.0M | $448.0M |
| EPS (diluted) | $0.14 | $0.09 | $0.29 | $0.58 | $0.42 | $0.51 | $0.59 | $0.64 | $0.60 | $0.66 | $0.75 | $0.74 |
| Gross margin | 13.3% | 14.1% | 14.4% | 19.9% | 19.2% | 21.2% | 22.1% | 22.9% | 21.5% | 24.0% | 22.8% | 24.0% |
| Operating margin | 4.3% | 4.0% | 7.4% | 11.7% | 9.8% | 11.3% | 12.7% | 13.8% | 12.0% | 13.6% | 14.5% | 13.8% |
| Net margin | 1.1% | −2.0% | 3.4% | 6.5% | 4.7% | 6.0% | 6.6% | 7.4% | 8.5% | 7.3% | 8.7% | 7.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GPK's financial statements (latest annual report filed March 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GPK financial results
In fiscal year 2025 (ended December 31, 2025), Graphic Packaging reported revenue of $8.6 billion, down 2.2% from the year before. It had net income of $444.0 million (down 32.5%), a net profit margin of 5.2%. Diluted earnings per share came to $1.80. Over five years revenue grew at an average rate of 5.6% a year.
See the GPK stock overview for the latest quote and news, or the GPK chart for price history and technical indicators.
GPK income statement FAQ
What is Graphic Packaging's annual revenue?
Graphic Packaging reported total revenue of $8.6 billion for fiscal year 2025, which ended on December 31, 2025. That was down 2.2% from $8.8 billion the previous year.
Is Graphic Packaging profitable?
Yes. Graphic Packaging reported net income of $444.0 million in fiscal 2025, a net profit margin of 5.2%; its operating margin was 10.1%.
What is Graphic Packaging's gross margin?
Graphic Packaging's gross margin was 18.7% in fiscal 2025: for every $100 of revenue, Graphic Packaging kept $19 after the direct cost of its products and services.
How fast is Graphic Packaging growing?
Revenue grew 5.6% a year on average over the last five fiscal years, from $6.6 billion to $8.6 billion.
What are Graphic Packaging's earnings per share?
Graphic Packaging earned $1.80 per diluted share in fiscal 2025, compared with $2.49 a year earlier.
When will Graphic Packaging report its next earnings?
Graphic Packaging is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 before the market opens.
When does Graphic Packaging's fiscal year end?
Graphic Packaging's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 2, 2026.