Filing Flows

Filing Flows › Materials › Graphic Packaging Holding (GPK)

Graphic Packaging Holding (GPK) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 3, 2026 · Graphic Packaging Holding (GPK) Q3 2026 earnings results →

Q3 2026 Revenue up 0% year over year to $2.2B · 1¢ of every $1 of revenue kept as net profit · operating margin 4.6%

Graphic Packaging Holding made $2.2B in Q3 2026 (+0.1% Y/Y). Operating margin 4.6%, net earnings $22.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 3, 2026.

Revenue$2.2B
Year over year+0.1%
Operating margin4.6%
Net earnings$22.0M
Operating cash flow$250M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

Graphic Packaging Holding Q3 2026 revenue breakdown: Sankey diagram of revenue, costs, profit and cash flow
Graphic Packaging Holding Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
Embed this chart on your site

Free to use with the credit line. Click a box to select the code.

What changed this quarter

Revenue was $2.2B in Q3 2026, roughly flat year over year and roughly flat from the previous quarter.

Operating profit was $0.10B, a 4.6% margin (down 6.1 points year over year). Operating profit fell $0.13B even though revenue rose $2.0M versus Q3 2025, so costs grew faster than sales. Total costs grew 7% against flat revenue. The fastest-growing cost line was Other operating costs (+19%). Net earnings were $0.02B, down 85% year over year. The effective tax rate was 33.3%.

Operating cash flow was $0.25B (up 10% year over year), 1136% of net earnings. Non-cash charges added back $0.15B of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items added $0.07B. Capital expenditures of $0.06B left free cash flow of $0.19B.

Quarterly history

Graphic Packaging Holding revenue by quarterGraphic Packaging Holding revenue by quarter$2.1BQ1 2025$2.2BQ2 2025$2.2BQ3 2025$2.1BQ4 2025$2.2BQ1 2026$2.2BQ2 2026$2.2BQ3 2026
Graphic Packaging Holding net earnings by quarterGraphic Packaging Holding net earnings by quarter$127MQ1 2025$104MQ2 2025$142MQ3 2025$71.0MQ4 2025−$43.0MQ1 2026$24.0MQ2 2026$22.0MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 3, 2026$2.2B+0.1%4.6%$22.0M$250M
Q2 202610-QAug 4, 2026$2.2B-0.7%4.3%$24.0M$158M
Q1 202610-QMay 5, 2026$2.2B+2%0.9%−$43.0M−$113M
Q4 202510-KMar 2, 2026$2.1B+0.4%7.4%$71.0M$521M
Q3 202510-QNov 4, 2025$2.2B-1%10.7%$142M$227M
Q2 202510-QJul 29, 2025$2.2B-2%8.8%$104M$267M
Q1 202510-QMay 1, 2025$2.1B-6%10.4%$127M−$174M

Charts

Graphic Packaging Holding: revenue growth, year over year and quarter over quarterGraphic Packaging Holding: revenue growth, year over year and quarter over quarterY/YQ/Q-6%Q1 2025-2%+4%Q2 2025-1%-1%Q3 2025+0%-4%Q4 2025+2%+3%Q1 2026-1%+1%Q2 2026+0%+0%Q3 2026
Latest (Q3 2026): Y/Y +0%, Q/Q +0%.
Graphic Packaging Holding: where the cash came from (+) and went (−), TTM to Q3 2026Graphic Packaging Holding: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$816MNet borrowing (+) / repaid (−)−$367MCash drawn (+) / kept (−)−$217MDividends−$130MOther investing−$82.0MOther financing−$50.0MAsset & business sales$38.0MTaxes on employees’ shares−$5.0MExchange rates−$3.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Graphic Packaging Holding: profit against cash, quarter by quarterGraphic Packaging Holding: profit against cash, quarter by quarterNet incomeOperating cash flow$138M$489MQ4 2024$127M−$174MQ1 2025$104M$267MQ2 2025$142M$227MQ3 2025$71.0M$521MQ4 2025−$43.0M−$113MQ1 2026$24.0M$158MQ2 2026$22.0M$250MQ3 2026
Latest (Q3 2026): Net income $22.0M, Operating cash flow $250M.
Graphic Packaging Holding: diluted shares by fiscal yearGraphic Packaging Holding: diluted shares by fiscal year280MFY2020298MFY2021310MFY2022309MFY2023305MFY2024300MFY2025
+7.2% since FY2020: more shares outstanding (issuance, stock pay).
Graphic Packaging Holding: long-term debt falling due (FY2025)Graphic Packaging Holding: long-term debt falling due (FY2025)$525M2026$338M2027$1.2B2028$2.4B2029$500M2030$500MLater
Cash $261M, short-term investments —, long-term debt $5.4B at 2025-12-31.
Graphic Packaging Holding in its industry: growth against margin (5 companies, SIC 2650)Graphic Packaging Holding in its industry: growth against margin (5 companies, SIC 2650)revenue growth, year over year →↑ operating marginmedian +0%median 5%SWPKGSONDSSGPK (+0%, 5%)
Paperboard Containers & Boxes; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

Loading the interactive chart…

🌏Named in Asian annual reportsinteractive

Loading the interactive chart…

🔄Rotation against the market and its industry (RRG)interactive

Loading the interactive chart…

🔍Earnings qualityinteractive

Loading the interactive chart…

⚖️Fair value by methodinteractive

Loading the interactive chart…

🔭Outlook & guidanceinteractive

Loading the interactive chart…

📈Investments: gains and what it boughtinteractive

Loading the interactive chart…

🏭Its industry’s money flow (input-output)interactive

Loading the interactive chart…

About Graphic Packaging Holding

Graphic Packaging Holding Company ("GPHC" and, together with its subsidiaries, the "Company") is committed to creating consumer packaging that makes a world of difference. The Company is a leading producer of consumer goods packaging made from renewable or recycled materials. The Company designs and manufactures sustainable packaging solutions including cartons, multipack cartons, trays, carriers, paperboard canisters, as well as cups and bowls made primarily from recycled paperboard, unbleached paperboard and bleached paperboard. The Company serves a wide variety of consumer markets, from food and beverage, to foodservice, household products, beauty and health care. The Company produces packaging solutions at over 100 locations in 20 countries around the world, serving customers ranging from local to multinational consumer products companies and retailers.

In its own words, from its 10-K, filed Mar 2, 2026.

Graphic Packaging Holding against its Paperboard Containers & Boxes peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +0.1% against the peers' median +0.1%. Operating margin: 4.6% against the peers' median 4.6%.

CompanyQuarterRevenueY/YOp. margin
GPK Graphic Packaging HoldingQ3 2026$2.2B+0.1%4.6%
SW Smurfit WestrockQ3 2026$8.2B+2%6.0%
PKG Packaging Corp of AmericaQ3 2026$2.6B+12%14.8%
SON Sonoco ProductsQ3 2026$2.0B-4%-31.2%
DSS DSSQ2 2026$3.6M-32%-105.0%

Source: Graphic Packaging Holding 10-Q on SEC EDGAR · CIK 1408075 · Paperboard Containers & Boxes

Guidance and outlook

Graphic Packaging Holding: what its forward-looking statements are about (10-Q filed 2026-11-03)Graphic Packaging Holding: what its forward-looking statements are about (10-Q filed 2026-11-03)Other2Financing2Supply chain1Costs1
6 statements; tone +0.17 (−1 all cautious, +1 all confident); 1 hedged.
Graphic Packaging Holding: outlook statements against the filing beforeGraphic Packaging Holding: outlook statements against the filing beforeConfident1

13F: who owns GPK and who is buying

Largest holders of GPK (13F)Largest holders of GPK (13F)Vanguard Group$442MBlackRock$440MFuller & Thaler Asset Management$221MAQR Capital Management LLC$214MFMR LLC$184MVanguard Portfolio Management LLC$153MVanguard Capital Management LLC$141MState Street$112MDME Capital Management, LP$105MManning & Napier Advisors LLC$88.1M
Funds' net buying of GPK by quarter (13F)Funds' net buying of GPK by quarter (13F)−$103M2024-09−$96.0M2024-12$235M2025-03$36.6M2025-06−$119M2025-09$611M2025-12−$170M2026-03$82.2M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on GPK

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

Compare GPK with

中文版：Graphic Packaging Holding（GPK）财报

Español · Français