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Graphic Packaging Holding vs Packaging Corporation of America

Graphic Packaging Holding and Packaging Corporation of America are similar in size: $8.62bn and $8.99bn of revenue in their latest fiscal years. Packaging Corporation of America grew faster (7.2% against -2.2%). Packaging Corporation of America kept more of each dollar of sales as profit: a net margin of 8.6% against 5.2%.

Latest fiscal yearGraphic Packaging HoldingGPK, 2025Packaging Corporation of AmericaPKG, 2025
Revenue $8.62bn $8.99bn
Revenue growth -2.2% 7.2%
Net income $444m $774m
Operating margin 9.3% —
Net margin 5.2% 8.6%
Return on equity 14.0% 17.2%
Free cash flow $841m $729m
Cash $261m $529m
Total debt $5.57bn $3.99bn
Debt to equity 167.0% —
Dividend per share — —
Dividend yield 4.7% 1.9%
Share buybacks $150m $153m
Employees 23,000 16,800
Market value $2.76bn $23.02bn
Price vs our value range — Above our value range
Moat score 44 (Weak) 64 (Moderate)
Insider trades, 12 months 8 buys, 0 sales 0 buys, 6 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.