Filing Flows › Graphic Packaging Holding (GPK) › Q4 2025
Graphic Packaging Holding (GPK) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 2, 2026
Graphic Packaging Holding (GPK) reported revenue of $2.1B for the fourth quarter 2025 (Q4 2025), +0.4% from a year earlier and -4% from the quarter before. Operating margin was 7.4%, net earnings $71.0M (3.4% of revenue).
Graphic Packaging Holding, Q4 2025: revenue $2.1B (+0.4% year over year), operating margin 7.4%, net earnings $71.0M, operating cash flow $521M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | -4% | +0.4% |
| Operating profit | $156M | -33% | -35% |
| Net earnings | $71.0M | -50% | -49% |
| Operating cash flow | $521M | +130% | +7% |
| Free cash flow | $407M | — | +127% |
What changed
Revenue was $2.1B in Q4 2025, roughly flat year over year and down 4% from the previous quarter.
Operating profit was $0.16B, a 7.4% margin (down 4.0 points year over year). Operating profit fell $0.08B even though revenue rose $0.01B versus a year earlier, so costs grew faster than sales. Total costs grew 5% against flat revenue. Net earnings were $0.07B, down 49% year over year. The effective tax rate was 22.8%.
Operating cash flow was $0.52B (up 7% year over year), 734% of net earnings. Non-cash charges added back $0.15B of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items added $0.30B. Capital expenditures of $0.11B left free cash flow of $0.41B.
Questions
What was Graphic Packaging Holding's revenue in the fourth quarter 2025?
Graphic Packaging Holding (GPK) reported revenue of $2.1B for the fourth quarter 2025 (Q4 2025), +0.4% from a year earlier and -4% from the quarter before.
Was Graphic Packaging Holding profitable in the fourth quarter 2025?
Operating profit was $156M (7.4% of revenue) and net earnings $71.0M.