Filing Flows › Graphic Packaging Holding (GPK) › Q2 2026 › vs Q2 2025
Graphic Packaging Holding (GPK) Q2 2026 vs Q2 2025 (year over year)
Graphic Packaging Holding's revenue fell $16.0M (-0.7%) from $2.2B in Q2 2025 to $2.2B in Q2 2026. Operating margin 4.3% against 8.8% (-4.4 pts).
Graphic Packaging Holding, Q2 2026: revenue $2.2B (-0.7% year over year), operating margin 4.3%, net earnings $24.0M, operating cash flow $158M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 4.3% | 8.8% | -4.4 pts |
| Net margin | 1.1% | 4.7% | -3.6 pts |
| Free cash flow margin | 3.4% | 1.8% | +1.7 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $2.2B | $2.2B | −$16.0M | -0.7% |
| Operating profit | $95.0M | $193M | −$98.0M | -51% |
| Costs & expenses | $2.1B | $2.0B | $82.0M | +4% |
| Pre-tax earnings | $26.0M | $139M | −$113M | -81% |
| Other expense, net | $69.0M | $54.0M | $15.0M | +28% |
| Cost of revenue | $1.9B | $1.8B | $112M | +6% |
| SG&A | $180M | $204M | −$24.0M | -12% |
| Other operating costs | $17.0M | $23.0M | −$6.0M | -26% |
| Net earnings | $24.0M | $104M | −$80.0M | -77% |
| Income tax | $2.0M | $35.0M | −$33.0M | -94% |
| Depreciation & amortization | $145M | $130M | $15.0M | +12% |
| Share-based compensation | $6.0M | $3.0M | $3.0M | +100% |
| Working capital & other | $17.0M | −$30.0M | $47.0M | — |
| Operating cash flow | $158M | $267M | −$109M | -41% |
| Free cash flow (OCF − capex) | $75.0M | $39.0M | $36.0M | +92% |
| Capital expenditures | $83.0M | $228M | −$145M | -64% |
Questions
How much did Graphic Packaging Holding's revenue grow year over year in Q2 2026?
Graphic Packaging Holding's revenue fell $16.0M (-0.7%) from $2.2B in Q2 2025 to $2.2B in Q2 2026. Operating margin 4.3% against 8.8% (-4.4 pts).