Graphic Packaging (GPK) Financials

$22.22 -0.08 (-0.36%)

Closing price 05/30/2025 03:59 PM Eastern

Extended Trading

$22.22 0.00 (-0.02%)

As of 05/30/2025 04:45 PM Eastern

Annual Income Statements for Graphic Packaging

This table shows Graphic Packaging's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	659	723	522	204	167	207	221	300	228	230
Consolidated Net Income / (Loss)	658	723	522	216	203	278	587	300	228	230
Net Income / (Loss) Continuing Operations	657	723	522	216	203	278	587	300	228	230
Total Pre-Tax Income	886	932	716	289	244	354	348	253	319	359
Total Operating Income	1,119	1,174	906	407	524	534	458	328	407	427
Total Gross Profit	1,962	2,117	1,830	1,071	1,100	1,092	952	710	801	789
Total Revenue	8,807	9,428	9,440	7,156	6,560	6,160	6,029	4,406	4,298	4,160
Operating Revenue	8,807	9,428	9,440	7,156	6,560	6,160	6,029	4,406	4,298	4,160
Total Cost of Revenue	6,845	7,311	7,610	6,085	5,460	5,068	5,077	3,696	3,497	3,371
Operating Cost of Revenue	6,845	7,311	7,610	6,085	5,460	5,068	5,077	3,696	3,497	3,371
Total Operating Expenses	843	943	924	664	576	558	494	382	394	362
Selling, General & Admin Expense	774	805	774	528	513	512	472	348	353	348
Other Operating Expenses / (Income)	64	64	19	-2.00	2.00	8.00	7.20	3.00	3.10	-7.70
Restructuring Charge	5.00	74	131	138	-	38	-	-	-	-
Total Other Income / (Expense), net	-233	-242	-190	-118	-280	-180	-111	-75	-88	-68
Interest Expense	230	239	197	123	129	141	126	90	77	68
Other Income / (Expense), net	-3.00	-3.00	7.00	5.00	-151	-39	15	15	-11	-
Income Tax Expense	229	210	194	74	42	76	55	-46	93	130
Net Income / (Loss) Attributable to Noncontrolling Interest	-1.00	-	-	12	36	71	73	0.00	0.00	-
Basic Earnings per Share	$2.16	$2.35	$1.69	$0.69	$0.60	$0.70	$0.71	$0.97	$0.71	$0.70
Weighted Average Basic Shares Outstanding	300.21M	306.05M	307.12M	307.10M	267.76M	580.65M	309.50M	311.10M	320.90M	329.50M
Diluted Earnings per Share	$2.16	$2.34	$1.69	$0.68	$0.60	$0.70	$0.71	$0.96	$0.71	$0.70
Weighted Average Diluted Shares Outstanding	300.21M	306.05M	307.12M	307.10M	267.76M	580.65M	309.50M	311.10M	320.90M	329.50M
Weighted Average Basic & Diluted Shares Outstanding	300.21M	306.05M	307.12M	307.10M	267.76M	580.65M	309.50M	311.10M	320.90M	329.50M

This table shows Graphic Packaging's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	127	138	166	190	165	196	170	150	207	156	193
Consolidated Net Income / (Loss)	127	138	165	190	165	196	170	150	207	156	193
Net Income / (Loss) Continuing Operations	127	138	164	190	165	196	170	150	207	156	193
Total Pre-Tax Income	170	185	219	264	218	230	224	207	271	216	242
Total Operating Income	221	239	278	324	278	290	287	267	330	268	293
Total Gross Profit	445	453	502	481	526	501	550	506	560	491	511
Total Revenue	2,120	2,095	2,216	2,237	2,259	2,249	2,349	2,392	2,438	2,386	2,451
Operating Revenue	2,120	2,095	2,216	2,237	2,259	2,249	2,349	2,392	2,438	2,386	2,451
Total Cost of Revenue	1,675	1,642	1,714	1,756	1,733	1,748	1,799	1,886	1,878	1,895	1,940
Operating Cost of Revenue	1,675	1,642	1,714	1,756	1,733	1,748	1,799	1,886	1,878	1,895	1,940
Total Operating Expenses	224	214	224	157	248	211	263	239	230	223	218
Selling, General & Admin Expense	196	171	191	197	215	183	220	205	197	205	203
Other Operating Expenses / (Income)	16	15	17	16	16	16	15	15	18	13	6.00
Restructuring Charge	12	28	16	-56	17	12	28	19	15	5.00	9.00
Total Other Income / (Expense), net	-51	-54	-59	-60	-60	-60	-63	-60	-59	-52	-51
Interest Expense	51	53	58	60	59	59	62	60	58	54	53
Other Income / (Expense), net	0.00	-1.00	-1.00	0.00	-1.00	-1.00	-1.00	0.00	-1.00	2.00	2.00
Income Tax Expense	43	47	55	74	53	35	54	57	64	60	49
Basic Earnings per Share	$0.42	$0.45	$0.55	$0.62	$0.54	$0.64	$0.55	$0.49	$0.67	$0.50	$0.63
Weighted Average Basic Shares Outstanding	301.76M	300.21M	300.14M	300.11M	307.29M	306.05M	306.05M	307.21M	307.14M	307.12M	307.12M
Diluted Earnings per Share	$0.42	$0.46	$0.55	$0.62	$0.53	$0.63	$0.55	$0.49	$0.67	$0.51	$0.62
Weighted Average Diluted Shares Outstanding	301.76M	300.21M	300.14M	300.11M	307.29M	306.05M	306.05M	307.21M	307.14M	307.12M	307.12M
Weighted Average Basic & Diluted Shares Outstanding	301.76M	300.21M	300.14M	300.11M	307.29M	306.05M	306.05M	307.21M	307.14M	307.12M	307.12M
Cash Dividends to Common per Share	$0.11	-	$0.10	-	-	-	-	-	-	-	-

This table details how cash moves in and out of Graphic Packaging's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	9.00	12	-11	-7.00	26	82	-291	5.80	4.20	-27
Net Cash From Operating Activities	840	1,144	1,090	609	825	666	-374	-193	74	589
Net Cash From Continuing Operating Activities	840	1,144	1,090	609	825	666	-668	-193	74	589
Net Income / (Loss) Continuing Operations	658	723	522	216	203	278	0.00	300	228	230
Consolidated Net Income / (Loss)	658	723	522	216	203	278	0.00	300	228	230
Depreciation Expense	557	619	553	489	476	447	431	330	299	281
Amortization Expense	6.00	6.00	9.00	9.00	6.00	5.00	4.40	5.10	4.80	4.10
Non-Cash Adjustments To Reconcile Net Income	7.00	82	93	69	160	57	-8.00	-129	-5.90	-36
Changes in Operating Assets and Liabilities, net	-388	-286	-87	-174	-20	-121	-1,095	-699	-452	110
Net Cash From Investing Activities	-342	-1,025	-435	-2,392	-648	-225	689	268	-65	-400
Net Cash From Continuing Investing Activities	-342	-1,025	-435	-2,392	-648	-225	689	268	-65	-400
Purchase of Property, Plant & Equipment	-1,203	-804	-549	-802	-646	-353	-395	-260	-295	-244
Acquisitions	0.00	-361	0.00	-1,704	-121	-55	-89	-189	-333	-163
Purchase of Investments	-98	-45	-6.00	-11	-9.00	-156	-346	-97	-25	-
Sale of Property, Plant & Equipment	250	184	125	130	136	344	1,526	814	593	0.00
Divestitures	711	0.00	0.00	-	-	-	-	-	-	-
Other Investing Activities, net	-2.00	1.00	-5.00	-5.00	-8.00	-5.00	-6.90	1.00	-5.20	7.50
Net Cash From Financing Activities	-489	-106	-666	1,778	-152	-361	-311	-70	-3.10	-211
Net Cash From Continuing Financing Activities	-489	-106	-666	1,778	-152	-361	-311	-70	-3.10	-211
Repayment of Debt	-5,476	-4,356	-4,457	-5,306	-2,638	-2,913	-1,953	-1,116	-1,266	-980
Repurchase of Common Equity	-200	-54	-28	-150	-816	-129	-119	-62	-165	-63
Payment of Dividends	-122	-123	-92	-92	-103	-113	-111	-93	-64	-49
Issuance of Debt	5,334	4,449	3,929	7,450	3,414	2,798	1,877	1,212	1,504	903
Other Financing Activities, net	-25	-22	-18	-124	-9.00	-4.00	-4.30	-10	-11	-22

This table details how cash moves in and out of Graphic Packaging's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-28	45	1.00	-11	-26	5.00	22	20	-35	78	-29
Net Cash From Operating Activities	-174	489	187	161	3.00	442	411	231	60	470	332
Net Cash From Continuing Operating Activities	-174	489	187	161	3.00	442	411	231	60	470	332
Net Income / (Loss) Continuing Operations	127	138	165	190	165	196	170	150	207	156	193
Consolidated Net Income / (Loss)	127	138	165	190	165	196	170	150	207	156	193
Depreciation Expense	131	137	139	133	148	154	161	165	139	138	137
Amortization Expense	1.00	-	-	-	-	-	-	-	-	-	-
Non-Cash Adjustments To Reconcile Net Income	2.00	44	8.00	-60	15	4.00	36	21	21	-26	13
Changes in Operating Assets and Liabilities, net	-435	164	-125	-102	-325	82	44	-105	-307	193	-11
Net Cash From Investing Activities	-298	-240	-277	486	-311	-150	-438	-164	-273	-68	-56
Net Cash From Continuing Investing Activities	-298	-240	-277	486	-311	-150	-438	-164	-273	-68	-56
Purchase of Property, Plant & Equipment	-313	-310	-313	-249	-331	-212	-207	-189	-196	-104	-84
Acquisitions	-12	-	-	-	0.00	-	-261	-	-100	-	-
Purchase of Investments	-30	-24	-24	-22	-28	-18	-18	-3.00	-6.00	-4.00	-
Sale of Property, Plant & Equipment	58	93	61	48	48	74	50	30	30	42	29
Other Investing Activities, net	-1.00	1.00	-1.00	-2.00	0.00	6.00	-2.00	-2.00	-1.00	-2.00	-1.00
Net Cash From Financing Activities	439	-209	88	-655	287	-294	57	-46	177	-335	-301
Net Cash From Continuing Financing Activities	439	-209	88	-655	287	-294	57	-46	177	-335	-301
Repayment of Debt	-707	-933	-1,224	-2,303	-1,016	-1,064	-897	-819	-1,576	-1,069	-911
Payment of Dividends	-30	-31	-30	-30	-31	-31	-31	-30	-31	-23	-23
Issuance of Debt	1,203	756	1,343	1,879	1,356	818	995	804	1,832	763	649
Other Financing Activities, net	-27	-1.00	-1.00	-1.00	-22	-	-2.00	-	-20	-	-1.00
Effect of Exchange Rate Changes	5.00	-	3.00	-3.00	-5.00	7.00	-	-	1.00	-	-4.00

This table presents Graphic Packaging's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	11,144	11,175	10,328	10,457	7,805	7,290	7,059	4,863	4,603	4,256
Total Current Assets	2,784	2,845	2,706	2,502	2,020	1,806	1,764	1,170	1,115	1,067
Cash & Equivalents	157	162	150	172	179	153	71	67	59	55
Accounts Receivable	759	835	879	859	654	505	573	321	427	424
Inventories, net	1,754	1,754	1,606	1,387	1,128	1,096	1,014	634	583	557
Other Current Assets	99	94	71	84	59	52	106	147	46	31
Other Current Nonoperating Assets	15	0.00	-	-	-	-	-	-	-	-
Plant, Property, & Equipment, net	5,258	4,992	4,579	4,677	0.00	0.00	3,240	1,867	1,752	1,586
Total Noncurrent Assets	3,102	3,338	3,043	3,278	5,785	5,484	2,056	1,826	1,737	1,603
Goodwill	1,993	2,103	1,979	2,015	1,478	1,478	1,461	1,323	1,260	1,168
Intangible Assets	667	820	717	868	437	477	524	437	445	387
Other Noncurrent Operating Assets	442	415	347	395	3,870	3,529	71	66	31	48
Total Liabilities & Shareholders' Equity	11,144	11,175	10,328	10,457	7,805	7,290	7,059	4,863	4,603	4,256
Total Liabilities	8,131	8,393	8,178	8,564	5,965	4,928	4,765	3,571	3,547	3,154
Total Current Liabilities	1,903	2,589	1,933	2,049	1,856	1,199	1,172	851	780	732
Short-Term Debt	39	764	53	279	497	50	52	61	63	37
Accounts Payable	1,116	1,094	1,123	1,125	825	716	712	517	467	458
Accrued Expenses	499	395	411	399	291	239	241	145	127	109
Current Employee Benefit Liabilities	176	273	295	211	213	168	154	113	107	120
Other Current Nonoperating Liabilities	73	63	51	35	30	25	14	15	15	9.20
Total Noncurrent Liabilities	6,228	5,804	6,245	6,515	4,109	3,729	3,593	2,720	2,767	2,422
Long-Term Debt	5,145	4,609	5,200	5,515	3,147	2,810	2,905	2,213	2,089	1,839
Noncurrent Deferred & Payable Income Tax Liabilities	613	731	668	579	540	512	462	322	408	267
Noncurrent Employee Benefit Liabilities	94	104	111	139	130	140	108	80	203	247
Other Noncurrent Operating Liabilities	376	360	266	282	292	267	118	105	68	69
Commitments & Contingencies	0.00	0.00	0.00	0.00	-	-	-	-	0.00	0.00
Total Equity & Noncontrolling Interests	3,013	2,782	2,150	1,893	1,840	2,058	2,019	1,292	1,057	1,102
Total Preferred & Common Equity	3,012	2,781	2,149	1,891	1,424	1,570	1,580	1,292	1,057	1,102
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,012	2,781	2,149	1,891	1,424	1,570	1,580	1,292	1,057	1,102
Common Stock	2,057	2,065	2,057	2,049	1,718	1,880	1,947	1,687	1,712	1,774
Retained Earnings	1,410	1,029	469	66	-48	56	10	-56	-268	-327
Accumulated Other Comprehensive Income / (Loss)	-455	-313	-377	-224	-246	-366	-378	-339	-388	-346
Noncontrolling Interest	1.00	1.00	1.00	2.00	416	488	439	0.00	-	-

This table presents Graphic Packaging's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	11,497	11,231	10,828	11,349	10,905	10,739	10,599	10,182
Total Current Assets	2,954	2,990	2,840	2,923	2,858	2,901	2,812	2,642
Cash & Equivalents	129	126	125	136	146	125	113	82
Accounts Receivable	863	971	875	878	881	933	915	888
Inventories, net	1,814	1,748	1,699	1,702	1,741	1,729	1,700	1,564
Other Current Assets	136	134	130	117	90	114	84	108
Other Current Nonoperating Assets	12	11	11	90	-	-	-	-
Plant, Property, & Equipment, net	5,385	5,028	4,826	4,685	4,799	4,753	4,678	4,509
Total Noncurrent Assets	3,158	3,213	3,162	3,741	3,248	3,085	3,109	3,031
Goodwill	2,023	2,034	2,014	2,010	2,072	2,048	2,053	1,942
Intangible Assets	673	714	722	746	819	693	710	738
Other Noncurrent Operating Assets	462	465	426	428	357	344	346	351
Total Liabilities & Shareholders' Equity	11,497	11,231	10,828	11,349	10,905	10,739	10,599	10,182
Total Liabilities	8,339	8,220	8,015	8,491	8,364	8,289	8,289	8,224
Total Current Liabilities	1,570	1,729	1,963	2,366	2,438	2,137	1,735	2,032
Short-Term Debt	41	31	327	756	762	463	57	300
Accounts Payable	910	937	973	940	944	996	1,009	999
Accrued Expenses	383	500	436	438	433	424	460	429
Current Deferred & Payable Income Tax Liabilities	18	22	-	-	-	-	-	-
Current Employee Benefit Liabilities	173	192	179	174	254	195	178	265
Other Current Nonoperating Liabilities	45	47	48	58	45	59	31	39
Total Noncurrent Liabilities	6,769	6,491	6,052	6,125	5,926	6,152	6,554	6,192
Long-Term Debt	5,670	5,372	4,930	4,930	4,821	5,046	5,463	5,195
Noncurrent Deferred & Payable Income Tax Liabilities	624	626	666	714	679	708	697	635
Noncurrent Employee Benefit Liabilities	96	99	102	103	104	112	112	112
Other Noncurrent Operating Liabilities	379	394	354	358	322	286	282	250
Total Equity & Noncontrolling Interests	3,158	3,011	2,813	2,858	2,541	2,450	2,310	1,958
Total Preferred & Common Equity	3,157	3,009	2,812	2,857	2,539	2,449	2,308	1,956
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,157	3,009	2,812	2,857	2,539	2,449	2,308	1,956
Common Stock	2,026	2,045	2,034	2,065	2,062	2,055	2,043	2,049
Retained Earnings	1,504	1,302	1,167	1,163	876	743	623	346
Accumulated Other Comprehensive Income / (Loss)	-373	-338	-389	-371	-399	-349	-358	-439
Noncontrolling Interest	1.00	2.00	1.00	1.00	2.00	1.00	2.00	2.00

This table displays calculated financial ratios and metrics derived from Graphic Packaging's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.59%	-0.13%	31.92%	9.09%	6.49%	2.17%	36.86%	2.50%	3.31%	-1.89%
EBITDA Growth	-6.51%	21.76%	62.09%	6.43%	-9.71%	4.28%	33.92%	-3.14%	-1.63%	41.60%
EBIT Growth	-4.70%	28.26%	121.60%	10.46%	-24.65%	4.63%	38.05%	-13.46%	-7.28%	87.49%
NOPAT Growth	-8.76%	37.69%	118.15%	-30.20%	3.45%	8.62%	-0.21%	34.09%	6.04%	81.56%
Net Income Growth	-8.99%	38.51%	141.67%	6.40%	-26.98%	-52.62%	95.47%	31.67%	-0.91%	158.54%
EPS Growth	-7.69%	38.46%	148.53%	13.33%	-14.29%	-1.41%	-26.04%	35.21%	1.43%	159.26%
Operating Cash Flow Growth	-26.57%	4.95%	78.98%	-26.18%	23.87%	278.17%	-94.18%	-360.14%	-87.44%	11.89%
Free Cash Flow Firm Growth	400.26%	-82.63%	147.41%	-1,089.74%	-62.81%	140.13%	-3,536.47%	-31.91%	-76.79%	-56.04%
Invested Capital Growth	0.52%	10.30%	-3.26%	41.52%	4.72%	-1.93%	47.83%	11.03%	7.96%	1.16%
Revenue Q/Q Growth	-1.72%	-1.43%	4.40%	4.93%	2.06%	0.17%	7.06%	1.25%	0.76%	0.58%
EBITDA Q/Q Growth	-3.56%	2.34%	15.69%	-2.05%	-13.91%	0.19%	4.12%	4.53%	-1.57%	2.43%
EBIT Q/Q Growth	-4.37%	1.65%	25.58%	-9.25%	-29.21%	-2.67%	5.77%	1.90%	-5.60%	3.11%
NOPAT Q/Q Growth	-7.52%	6.11%	24.18%	-10.81%	-0.22%	3.07%	-26.38%	79.15%	-3.70%	1.70%
Net Income Q/Q Growth	-8.10%	5.86%	28.89%	-14.96%	19.55%	-52.91%	45.03%	86.23%	-8.91%	7.32%
EPS Q/Q Growth	-7.30%	5.41%	30.00%	-12.82%	22.45%	-5.41%	-36.04%	84.62%	-8.97%	9.38%
Operating Cash Flow Q/Q Growth	5.93%	-2.39%	41.56%	-31.96%	9.37%	193.52%	0.11%	56.11%	-88.30%	7.83%
Free Cash Flow Firm Q/Q Growth	32.11%	-35.49%	196.74%	-1,366.31%	-8.11%	-14.43%	15.45%	-73.46%	247.75%	-31.25%
Invested Capital Q/Q Growth	-2.72%	0.41%	-1.43%	27.08%	-2.49%	-2.90%	-4.63%	3.62%	-4.60%	-3.37%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	22.28%	22.45%	19.39%	14.97%	16.77%	17.73%	15.80%	16.10%	18.64%	18.97%
EBITDA Margin	19.06%	19.05%	15.63%	12.72%	13.03%	15.37%	15.06%	15.39%	16.29%	17.11%
Operating Margin	12.71%	12.45%	9.60%	5.69%	7.99%	8.67%	7.60%	7.44%	9.48%	10.27%
EBIT Margin	12.67%	12.42%	9.67%	5.76%	5.69%	8.04%	7.85%	7.78%	9.21%	10.27%
Profit (Net Income) Margin	7.47%	7.67%	5.53%	3.02%	3.09%	4.51%	9.73%	6.81%	5.30%	5.53%
Tax Burden Percent	74.27%	77.58%	72.91%	74.74%	83.20%	78.53%	168.86%	118.66%	71.38%	64.04%
Interest Burden Percent	79.39%	79.59%	78.42%	70.15%	65.42%	71.52%	73.45%	73.83%	80.66%	84.13%
Effective Tax Rate	25.85%	22.53%	27.10%	25.61%	17.21%	21.47%	15.74%	-17.98%	29.18%	36.29%
Return on Invested Capital (ROIC)	10.27%	11.84%	8.89%	4.70%	8.32%	8.15%	8.87%	11.59%	9.47%	9.34%
ROIC Less NNEP Spread (ROIC-NNEP)	6.96%	8.27%	6.33%	2.80%	0.91%	3.13%	16.70%	7.58%	6.39%	7.07%
Return on Net Nonoperating Assets (RNNOA)	12.44%	17.48%	16.93%	6.87%	1.34%	3.79%	23.86%	13.98%	11.66%	12.43%
Return on Equity (ROE)	22.71%	29.32%	25.82%	11.57%	9.66%	11.94%	32.73%	25.57%	21.13%	21.77%
Cash Return on Invested Capital (CROIC)	9.75%	2.05%	12.21%	-29.68%	3.71%	10.10%	-29.73%	1.13%	1.82%	8.18%
Operating Return on Assets (OROA)	10.00%	10.89%	8.79%	4.51%	4.94%	6.90%	7.94%	7.24%	8.94%	10.18%
Return on Assets (ROA)	5.90%	6.72%	5.02%	2.37%	2.69%	3.87%	9.84%	6.34%	5.15%	5.48%
Return on Common Equity (ROCE)	22.70%	29.31%	25.80%	10.28%	6.88%	8.08%	26.20%	25.57%	21.13%	21.77%
Return on Equity Simple (ROE_SIMPLE)	21.85%	26.00%	24.29%	11.42%	14.26%	17.70%	37.15%	23.24%	21.58%	20.89%
Net Operating Profit after Tax (NOPAT)	830	909	661	303	434	419	386	387	289	272
NOPAT Margin	9.42%	9.65%	7.00%	4.23%	6.61%	6.81%	6.40%	8.78%	6.71%	6.54%
Net Nonoperating Expense Percent (NNEP)	3.32%	3.58%	2.56%	1.90%	7.41%	5.02%	-7.84%	4.00%	3.07%	2.26%
Return On Investment Capital (ROIC_SIMPLE)	10.12%	11.15%	8.92%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	77.72%	77.55%	80.61%	85.03%	83.23%	82.27%	84.20%	83.90%	81.36%	81.03%
SG&A Expenses to Revenue	8.79%	8.54%	8.20%	7.38%	7.82%	8.31%	7.83%	7.89%	8.22%	8.36%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.57%	10.00%	9.79%	9.28%	8.78%	9.06%	8.20%	8.66%	9.16%	8.70%
Earnings before Interest and Taxes (EBIT)	1,116	1,171	913	412	373	495	473	343	396	427
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,679	1,796	1,475	910	855	947	908	678	700	712
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.71	2.68	3.08	3.04	3.05	2.85	1.90	3.29	3.24	3.24
Price to Tangible Book Value (P/TBV)	23.16	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.93	0.79	0.70	0.80	0.66	0.73	0.50	0.96	0.80	0.86
Price to Earnings (P/E)	12.37	10.29	12.70	28.22	25.99	21.63	13.54	14.14	14.99	15.49
Dividend Yield	1.47%	1.65%	1.51%	1.60%	1.87%	1.95%	3.11%	2.74%	2.09%	1.84%
Earnings Yield	8.08%	9.72%	7.88%	3.54%	3.85%	4.62%	7.38%	7.07%	6.67%	6.46%
Enterprise Value to Invested Capital (EV/IC)	1.63	1.57	1.61	1.51	1.54	1.57	1.27	1.84	1.74	1.84
Enterprise Value to Revenue (EV/Rev)	1.50	1.34	1.24	1.59	1.25	1.29	1.09	1.46	1.28	1.29
Enterprise Value to EBITDA (EV/EBITDA)	7.85	7.04	7.95	12.51	9.62	8.42	7.26	9.51	7.87	7.57
Enterprise Value to EBIT (EV/EBIT)	11.81	10.80	12.85	27.63	22.04	16.11	13.94	18.83	13.92	12.61
Enterprise Value to NOPAT (EV/NOPAT)	15.88	13.91	17.76	37.59	18.95	19.02	17.08	16.68	19.10	19.79
Enterprise Value to Operating Cash Flow (EV/OCF)	15.69	11.06	10.76	18.69	9.97	11.98	0.00	0.00	74.48	9.14
Enterprise Value to Free Cash Flow (EV/FCFF)	16.73	80.34	12.94	0.00	42.55	15.35	0.00	171.28	99.62	22.59
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.72	1.93	2.44	3.06	1.98	1.21	1.29	1.76	2.04	1.70
Long-Term Debt to Equity	1.71	1.66	2.42	2.91	1.71	1.19	1.27	1.71	1.98	1.67
Financial Leverage	1.79	2.11	2.67	2.45	1.48	1.21	1.43	1.84	1.82	1.76
Leverage Ratio	3.85	4.36	5.14	4.89	3.59	3.08	3.32	4.03	4.11	3.97
Compound Leverage Factor	3.06	3.47	4.03	3.43	2.35	2.20	2.44	2.98	3.31	3.34
Debt to Total Capital	63.24%	65.89%	70.96%	75.37%	66.45%	54.77%	56.31%	63.78%	67.07%	63.00%
Short-Term Debt to Total Capital	0.48%	9.37%	0.72%	3.63%	9.06%	0.97%	0.99%	1.72%	1.98%	1.23%
Long-Term Debt to Total Capital	62.77%	56.52%	70.24%	71.74%	57.39%	53.80%	55.32%	62.06%	65.09%	61.77%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.01%	0.01%	0.01%	0.03%	7.59%	15.17%	13.61%	0.00%	0.00%	0.00%
Common Equity to Total Capital	36.75%	34.10%	29.03%	24.60%	25.97%	30.07%	30.08%	36.22%	32.93%	37.00%
Debt to EBITDA	3.09	2.99	3.56	6.37	4.26	3.02	3.26	3.35	3.07	2.64
Net Debt to EBITDA	2.99	2.90	3.46	6.18	4.05	2.86	3.18	3.25	2.99	2.56
Long-Term Debt to EBITDA	3.06	2.57	3.53	6.06	3.68	2.97	3.20	3.26	2.98	2.58
Debt to NOPAT	6.25	5.91	7.95	19.14	8.40	6.82	7.66	5.88	7.46	6.89
Net Debt to NOPAT	6.06	5.73	7.73	18.57	7.99	6.46	7.48	5.71	7.25	6.69
Long-Term Debt to NOPAT	6.20	5.07	7.87	18.21	7.25	6.70	7.52	5.72	7.24	6.76
Altman Z-Score	1.99	1.88	1.85	1.28	1.45	1.72	1.55	1.91	1.80	1.97
Noncontrolling Interest Sharing Ratio	0.03%	0.04%	0.07%	11.20%	28.75%	32.36%	19.93%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.46	1.10	1.40	1.22	1.09	1.51	1.50	1.37	1.43	1.46
Quick Ratio	0.48	0.39	0.53	0.50	0.45	0.55	0.55	0.46	0.62	0.65
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	788	157	907	-1,912	193	519	-1,295	38	55	238
Operating Cash Flow to CapEx	88.14%	184.52%	257.08%	90.63%	161.76%	7,400.00%	0.00%	0.00%	0.00%	241.38%
Free Cash Flow to Firm to Interest Expense	3.43	0.66	4.60	-15.55	1.50	3.68	-10.31	0.42	0.72	3.52
Operating Cash Flow to Interest Expense	3.65	4.79	5.53	4.95	6.40	4.72	-2.98	-2.15	0.97	8.69
Operating Cash Flow Less CapEx to Interest Expense	-0.49	2.19	3.38	-0.51	2.44	4.66	6.03	4.03	4.86	5.09
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.79	0.88	0.91	0.78	0.87	0.86	1.01	0.93	0.97	0.99
Accounts Receivable Turnover	11.05	11.00	10.86	9.46	11.33	11.43	13.49	11.78	10.10	9.93
Inventory Turnover	3.90	4.35	5.09	4.84	4.91	4.80	6.16	6.07	6.14	6.25
Fixed Asset Turnover	1.72	1.97	2.04	0.00	0.00	0.00	2.36	2.43	2.58	2.66
Accounts Payable Turnover	6.19	6.60	6.77	6.24	7.09	7.10	8.27	7.52	7.57	7.64
Days Sales Outstanding (DSO)	33.03	33.18	33.60	38.59	32.23	31.92	27.06	30.98	36.12	36.74
Days Inventory Outstanding (DIO)	93.53	83.87	71.78	75.43	74.33	75.99	59.25	60.09	59.49	58.41
Days Payable Outstanding (DPO)	58.92	55.34	53.91	58.48	51.51	51.41	44.15	48.54	48.24	47.79
Cash Conversion Cycle (CCC)	67.64	61.71	51.47	55.53	55.05	56.50	42.17	42.53	47.37	47.36
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	8,098	8,056	7,304	7,550	5,335	5,094	5,195	3,514	3,165	2,932
Invested Capital Turnover	1.09	1.23	1.27	1.11	1.26	1.20	1.38	1.32	1.41	1.43
Increase / (Decrease) in Invested Capital	42	752	-246	2,215	241	-100	1,681	349	233	34
Enterprise Value (EV)	13,180	12,652	11,731	11,382	8,221	7,976	6,596	6,452	5,511	5,385
Market Capitalization	8,152	7,440	6,627	5,758	4,340	4,476	2,995	4,245	3,418	3,564
Book Value per Share	$10.04	$9.09	$7.00	$6.16	$5.26	$5.41	$5.09	$4.17	$3.33	$3.36
Tangible Book Value per Share	$1.17	($0.46)	($1.78)	($3.23)	($1.81)	($1.33)	($1.30)	($1.51)	($2.04)	($1.38)
Total Capital	8,197	8,155	7,403	7,687	5,484	5,223	5,251	3,566	3,208	2,977
Total Debt	5,184	5,373	5,253	5,794	3,644	2,860	2,957	2,275	2,152	1,876
Total Long-Term Debt	5,145	4,609	5,200	5,515	3,147	2,810	2,905	2,213	2,089	1,839
Net Debt	5,027	5,211	5,103	5,622	3,465	2,707	2,887	2,207	2,093	1,821
Capital Expenditures (CapEx)	953	620	424	672	510	9.00	-1,131	-554	-298	244
Debt-free, Cash-free Net Working Capital (DFCFNWC)	763	858	676	560	482	504	573	312	339	316
Debt-free Net Working Capital (DFNWC)	920	1,020	826	732	661	657	644	380	399	371
Net Working Capital (NWC)	881	256	773	453	164	607	592	319	335	335
Net Nonoperating Expense (NNE)	172	186	139	87	231	141	-201	87	61	42
Net Nonoperating Obligations (NNO)	5,085	5,274	5,154	5,657	3,495	2,732	2,900	2,222	2,108	1,830
Total Depreciation and Amortization (D&A)	563	625	562	498	482	452	435	335	304	285
Debt-free, Cash-free Net Working Capital to Revenue	8.66%	9.10%	7.16%	7.83%	7.35%	8.19%	9.50%	7.09%	7.90%	7.60%
Debt-free Net Working Capital to Revenue	10.45%	10.82%	8.75%	10.23%	10.08%	10.67%	10.67%	8.62%	9.27%	8.92%
Net Working Capital to Revenue	10.00%	2.72%	8.19%	6.33%	2.50%	9.85%	9.81%	7.23%	7.80%	8.04%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.16	$2.35	$1.69	$0.69	$0.60	$0.70	$0.71	$0.97	$0.71	$0.70
Adjusted Weighted Average Basic Shares Outstanding	300.21M	306.05M	307.12M	307.10M	267.76M	580.65M	297.19M	309.72M	312.09M	323.01M
Adjusted Diluted Earnings per Share	$2.16	$2.34	$1.69	$0.68	$0.60	$0.70	$0.71	$0.96	$0.71	$0.70
Adjusted Weighted Average Diluted Shares Outstanding	300.21M	306.05M	307.12M	307.10M	267.76M	580.65M	297.19M	309.72M	312.09M	323.01M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	300.21M	306.05M	307.12M	307.10M	267.76M	580.65M	297.19M	309.72M	312.09M	323.01M
Normalized Net Operating Profit after Tax (NOPAT)	833	967	756	405	484	449	399	251	315	286
Normalized NOPAT Margin	9.46%	10.25%	8.01%	5.67%	7.38%	7.29%	6.61%	5.70%	7.32%	6.88%
Pre Tax Income Margin	10.06%	9.89%	7.58%	4.04%	3.72%	5.75%	5.76%	5.74%	7.43%	8.64%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.85	4.90	4.63	3.35	2.89	3.51	3.77	3.82	5.17	6.30
NOPAT to Interest Expense	3.61	3.81	3.35	2.46	3.36	2.97	3.07	4.31	3.77	4.01
EBIT Less CapEx to Interest Expense	0.71	2.31	2.48	-2.11	-1.06	3.45	12.77	10.00	9.06	2.70
NOPAT Less CapEx to Interest Expense	-0.54	1.21	1.20	-3.00	-0.59	2.91	12.08	10.49	7.66	0.41
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	18.54%	17.01%	17.62%	42.59%	50.74%	40.65%	18.92%	31.11%	28.25%	21.43%
Augmented Payout Ratio	48.94%	24.48%	22.99%	112.04%	452.71%	87.05%	39.21%	51.80%	100.57%	48.80%

This table displays calculated financial ratios and metrics derived from Graphic Packaging's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.15%	-6.85%	-5.66%	-6.48%	-7.34%	-5.74%	-4.16%	1.44%	8.60%	20.02%	37.54%
EBITDA Growth	-17.33%	-15.35%	-6.94%	5.79%	-9.19%	8.58%	3.47%	47.95%	40.12%	88.02%	77.05%
EBIT Growth	-20.22%	-17.65%	-3.15%	21.35%	-15.81%	7.04%	-3.05%	74.51%	68.72%	221.43%	141.80%
NOPAT Growth	-21.54%	-27.49%	-4.42%	20.52%	-16.52%	27.03%	-6.79%	102.50%	86.75%	192.99%	146.03%
Net Income Growth	-23.03%	-29.59%	-2.94%	26.67%	-20.29%	25.64%	-11.92%	127.27%	93.46%	300.00%	164.38%
EPS Growth	-20.75%	-26.98%	0.00%	26.53%	-20.90%	23.53%	-11.29%	133.33%	91.43%	325.00%	158.33%
Operating Cash Flow Growth	-5,900.00%	10.63%	-54.50%	-30.30%	-95.00%	-5.96%	23.80%	-14.44%	233.33%	213.33%	115.58%
Free Cash Flow Firm Growth	-743.90%	126.93%	76.51%	323.46%	-61.73%	-215.15%	68.01%	96.86%	114.10%	120.45%	-229.49%
Invested Capital Growth	11.91%	0.52%	3.75%	1.13%	1.17%	10.30%	8.27%	3.38%	-0.77%	-3.26%	24.73%
Revenue Q/Q Growth	1.19%	-5.46%	-0.94%	-0.97%	0.44%	-4.26%	-1.80%	-1.89%	2.18%	-2.65%	3.94%
EBITDA Q/Q Growth	-5.87%	-9.86%	-8.97%	7.53%	-4.06%	-0.89%	3.47%	-7.69%	14.71%	-5.56%	47.95%
EBIT Q/Q Growth	-7.14%	-14.08%	-14.51%	16.97%	-4.15%	1.05%	7.12%	-18.85%	21.85%	-8.47%	92.81%
NOPAT Q/Q Growth	-7.39%	-14.36%	-10.72%	10.82%	-14.42%	12.88%	12.58%	-23.24%	30.23%	-17.17%	144.57%
Net Income Q/Q Growth	-7.97%	-16.36%	-13.16%	15.15%	-15.82%	15.29%	13.33%	-27.54%	32.69%	-19.17%	192.42%
EPS Q/Q Growth	-8.70%	-16.36%	-11.29%	16.98%	-15.87%	14.55%	12.24%	-26.87%	31.37%	-17.74%	195.24%
Operating Cash Flow Q/Q Growth	-135.58%	161.50%	16.15%	5,266.67%	-99.32%	7.54%	77.92%	285.00%	-87.23%	41.57%	22.96%
Free Cash Flow Firm Q/Q Growth	-664.20%	246.83%	-164.38%	20.74%	123.59%	-28.07%	-512.49%	-120.68%	-29.00%	135.58%	39.81%
Invested Capital Q/Q Growth	8.34%	-2.72%	4.28%	1.82%	-2.69%	0.41%	1.65%	1.87%	6.08%	-1.43%	-2.95%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.99%	21.62%	22.65%	21.50%	23.28%	22.28%	23.41%	21.15%	22.97%	20.58%	20.85%
EBITDA Margin	16.65%	17.90%	18.77%	20.43%	18.81%	19.70%	19.03%	18.06%	19.20%	17.10%	17.63%
Operating Margin	10.42%	11.41%	12.55%	14.48%	12.31%	12.89%	12.22%	11.16%	13.54%	11.23%	11.95%
EBIT Margin	10.42%	11.36%	12.50%	14.48%	12.26%	12.85%	12.18%	11.16%	13.49%	11.32%	12.04%
Profit (Net Income) Margin	5.99%	6.59%	7.45%	8.49%	7.30%	8.72%	7.24%	6.27%	8.49%	6.54%	7.87%
Tax Burden Percent	74.71%	74.59%	75.34%	71.97%	75.69%	85.22%	75.89%	72.46%	76.38%	72.22%	79.75%
Interest Burden Percent	76.92%	77.73%	79.06%	81.48%	78.70%	79.58%	78.32%	77.53%	82.37%	80.00%	82.03%
Effective Tax Rate	25.29%	25.41%	25.11%	28.03%	24.31%	15.22%	24.11%	27.54%	23.62%	27.78%	20.25%
Return on Invested Capital (ROIC)	8.13%	9.28%	10.30%	11.94%	11.05%	13.42%	11.49%	10.07%	12.80%	10.31%	12.91%
ROIC Less NNEP Spread (ROIC-NNEP)	7.41%	8.50%	9.50%	11.13%	10.18%	12.46%	10.62%	9.29%	12.01%	9.62%	12.06%
Return on Net Nonoperating Assets (RNNOA)	13.05%	15.20%	18.47%	22.44%	20.53%	26.35%	25.81%	23.94%	31.83%	25.71%	30.18%
Return on Equity (ROE)	21.17%	24.48%	28.77%	34.38%	31.58%	39.77%	37.30%	34.01%	44.63%	36.02%	43.09%
Cash Return on Invested Capital (CROIC)	-1.80%	9.75%	7.30%	10.30%	9.97%	2.05%	3.16%	7.93%	10.77%	12.21%	-14.04%
Operating Return on Assets (OROA)	7.91%	8.97%	10.12%	12.21%	10.33%	11.27%	11.05%	10.21%	12.30%	10.28%	11.78%
Return on Assets (ROA)	4.55%	5.20%	6.03%	7.16%	6.16%	7.64%	6.57%	5.74%	7.74%	5.94%	7.71%
Return on Common Equity (ROCE)	21.17%	24.47%	28.75%	34.37%	31.56%	39.76%	37.27%	33.99%	44.59%	36.00%	43.07%
Return on Equity Simple (ROE_SIMPLE)	19.64%	0.00%	23.80%	25.64%	23.84%	0.00%	26.90%	28.83%	26.95%	0.00%	20.71%
Net Operating Profit after Tax (NOPAT)	165	178	208	233	210	246	218	193	252	194	234
NOPAT Margin	7.79%	8.51%	9.39%	10.42%	9.31%	10.93%	9.27%	8.09%	10.34%	8.11%	9.53%
Net Nonoperating Expense Percent (NNEP)	0.72%	0.78%	0.80%	0.81%	0.87%	0.96%	0.87%	0.78%	0.80%	0.69%	0.85%
Return On Investment Capital (ROIC_SIMPLE)	1.86%	2.18%	-	-	-	3.02%	-	-	-	2.61%	-
Cost of Revenue to Revenue	79.01%	78.38%	77.35%	78.50%	76.72%	77.72%	76.59%	78.85%	77.03%	79.42%	79.15%
SG&A Expenses to Revenue	9.25%	8.16%	8.62%	8.81%	9.52%	8.14%	9.37%	8.57%	8.08%	8.59%	8.28%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	10.57%	10.21%	10.11%	7.02%	10.98%	9.38%	11.20%	9.99%	9.43%	9.35%	8.89%
Earnings before Interest and Taxes (EBIT)	221	238	277	324	277	289	286	267	329	270	295
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	353	375	416	457	425	443	447	432	468	408	432
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.47	2.71	2.95	2.86	3.11	2.68	2.66	2.97	3.33	3.08	3.02
Price to Tangible Book Value (P/TBV)	16.91	23.16	34.02	105.98	88.10	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.90	0.93	0.99	0.89	0.96	0.79	0.71	0.75	0.80	0.70	0.65
Price to Earnings (P/E)	12.55	12.37	12.39	11.17	13.07	10.29	9.88	10.29	12.34	12.70	14.58
Dividend Yield	1.58%	1.47%	1.35%	1.53%	1.38%	1.65%	1.82%	1.59%	1.40%	1.51%	1.56%
Earnings Yield	7.97%	8.08%	8.07%	8.95%	7.65%	9.72%	10.13%	9.72%	8.10%	7.88%	6.86%
Enterprise Value to Invested Capital (EV/IC)	1.52	1.63	1.70	1.65	1.84	1.57	1.52	1.60	1.69	1.61	1.53
Enterprise Value to Revenue (EV/Rev)	1.54	1.50	1.58	1.45	1.56	1.34	1.27	1.31	1.36	1.24	1.25
Enterprise Value to EBITDA (EV/EBITDA)	8.33	7.85	8.13	7.44	8.27	7.04	6.94	7.27	8.18	7.95	8.88
Enterprise Value to EBIT (EV/EBIT)	12.62	11.81	12.13	11.21	12.91	10.80	10.58	10.90	12.50	12.85	15.57
Enterprise Value to NOPAT (EV/NOPAT)	17.05	15.88	15.78	14.54	16.65	13.91	14.22	14.48	16.82	17.76	21.29
Enterprise Value to Operating Cash Flow (EV/OCF)	20.18	15.69	17.86	12.97	13.29	11.06	10.40	11.57	11.56	10.76	14.70
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	16.73	23.75	16.12	18.60	80.34	49.91	20.55	15.62	12.94	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.81	1.72	1.79	1.87	1.99	1.93	2.20	2.25	2.39	2.44	2.81
Long-Term Debt to Equity	1.80	1.71	1.78	1.75	1.73	1.66	1.90	2.06	2.36	2.42	2.65
Financial Leverage	1.76	1.79	1.94	2.02	2.02	2.11	2.43	2.58	2.65	2.67	2.50
Leverage Ratio	3.80	3.85	3.99	4.10	4.25	4.36	4.69	4.87	4.96	5.14	4.85
Compound Leverage Factor	2.92	2.99	3.15	3.34	3.34	3.47	3.67	3.77	4.09	4.11	3.97
Debt to Total Capital	64.39%	63.24%	64.21%	65.14%	66.55%	65.89%	68.72%	69.22%	70.50%	70.96%	73.73%
Short-Term Debt to Total Capital	0.46%	0.48%	0.37%	4.05%	8.85%	9.37%	9.38%	5.82%	0.73%	0.72%	4.03%
Long-Term Debt to Total Capital	63.93%	62.77%	63.85%	61.09%	57.70%	56.52%	59.34%	63.40%	69.77%	70.24%	69.70%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.01%	0.01%	0.02%	0.01%	0.01%	0.01%	0.02%	0.01%	0.03%	0.01%	0.03%
Common Equity to Total Capital	35.60%	36.75%	35.76%	34.85%	33.44%	34.10%	31.25%	30.77%	29.48%	29.03%	26.24%
Debt to EBITDA	3.56	3.09	3.10	2.97	3.25	2.99	3.18	3.17	3.45	3.56	4.31
Net Debt to EBITDA	3.48	2.99	3.03	2.90	3.18	2.90	3.10	3.09	3.38	3.46	4.25
Long-Term Debt to EBITDA	3.53	3.06	3.09	2.78	2.82	2.57	2.75	2.90	3.41	3.53	4.07
Debt to NOPAT	7.28	6.25	6.02	5.80	6.55	5.91	6.51	6.31	7.10	7.95	10.33
Net Debt to NOPAT	7.12	6.06	5.88	5.66	6.39	5.73	6.34	6.16	6.95	7.73	10.18
Long-Term Debt to NOPAT	7.23	6.20	5.99	5.44	5.68	5.07	5.62	5.78	7.02	7.87	9.77
Altman Z-Score	1.71	1.73	1.82	1.79	1.73	1.62	1.61	1.69	1.77	1.64	1.53
Noncontrolling Interest Sharing Ratio	0.03%	0.03%	0.07%	0.04%	0.06%	0.04%	0.09%	0.07%	0.09%	0.07%	0.05%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.88	1.46	1.73	1.45	1.24	1.10	1.17	1.36	1.62	1.40	1.30
Quick Ratio	0.63	0.48	0.63	0.51	0.43	0.39	0.42	0.50	0.59	0.53	0.48
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-769	136	-93	144	119	-506	-395	-65	312	440	-1,235
Operating Cash Flow to CapEx	-68.24%	225.35%	74.21%	80.10%	1.06%	320.29%	261.78%	145.28%	36.14%	758.06%	603.64%
Free Cash Flow to Firm to Interest Expense	-15.08	2.57	-1.60	2.40	2.02	-8.58	-6.37	-1.08	5.38	8.14	-23.31
Operating Cash Flow to Interest Expense	-3.41	9.23	3.22	2.68	0.05	7.49	6.63	3.85	1.03	8.70	6.26
Operating Cash Flow Less CapEx to Interest Expense	-8.41	5.13	-1.12	-0.67	-4.75	5.15	4.10	1.20	-1.83	7.56	5.23
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.76	0.79	0.81	0.84	0.84	0.88	0.91	0.91	0.91	0.91	0.98
Accounts Receivable Turnover	9.96	11.05	9.68	10.06	10.32	11.00	10.81	10.27	10.36	10.86	11.81
Inventory Turnover	3.86	3.90	3.98	4.11	4.21	4.35	4.51	4.66	4.76	5.09	5.40
Fixed Asset Turnover	1.72	1.72	1.82	1.90	1.98	1.97	2.06	2.07	2.06	2.04	2.12
Accounts Payable Turnover	7.34	6.19	7.39	7.15	7.35	6.60	7.68	7.58	7.49	6.77	7.85
Days Sales Outstanding (DSO)	36.66	33.03	37.72	36.28	35.38	33.18	33.75	35.55	35.24	33.60	30.90
Days Inventory Outstanding (DIO)	94.54	93.53	91.60	88.92	86.64	83.87	80.87	78.34	76.64	71.78	67.55
Days Payable Outstanding (DPO)	49.75	58.92	49.39	51.07	49.64	55.34	47.55	48.13	48.72	53.91	46.49
Cash Conversion Cycle (CCC)	81.45	67.64	79.94	74.13	72.38	61.71	67.08	65.76	63.15	51.47	51.97
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	8,773	8,098	8,324	7,982	7,839	8,056	8,023	7,893	7,748	7,304	7,410
Invested Capital Turnover	1.04	1.09	1.10	1.15	1.19	1.23	1.24	1.25	1.24	1.27	1.35
Increase / (Decrease) in Invested Capital	934	42	301	89	91	752	613	258	-60	-246	1,469
Enterprise Value (EV)	13,377	13,180	14,159	13,187	14,449	12,652	12,184	12,650	13,086	11,731	11,322
Market Capitalization	7,794	8,152	8,880	8,054	8,898	7,440	6,745	7,265	7,677	6,627	5,907
Book Value per Share	$10.52	$10.04	$10.03	$9.15	$9.30	$9.09	$8.26	$7.97	$7.51	$7.00	$6.35
Tangible Book Value per Share	$1.54	$1.17	$0.87	$0.25	$0.33	($0.46)	($1.15)	($0.95)	($1.48)	($1.78)	($2.35)
Total Capital	8,869	8,197	8,414	8,070	8,544	8,155	8,124	7,959	7,830	7,403	7,453
Total Debt	5,711	5,184	5,403	5,257	5,686	5,373	5,583	5,509	5,520	5,253	5,495
Total Long-Term Debt	5,670	5,145	5,372	4,930	4,930	4,609	4,821	5,046	5,463	5,200	5,195
Net Debt	5,582	5,027	5,277	5,132	5,550	5,211	5,437	5,384	5,407	5,103	5,413
Capital Expenditures (CapEx)	255	217	252	201	283	138	157	159	166	62	55
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,296	763	1,166	1,079	1,177	858	1,036	1,102	1,021	676	828
Debt-free Net Working Capital (DFNWC)	1,425	920	1,292	1,204	1,313	1,020	1,182	1,227	1,134	826	910
Net Working Capital (NWC)	1,384	881	1,261	877	557	256	420	764	1,077	773	610
Net Nonoperating Expense (NNE)	38	40	43	43	45	50	48	43	45	38	41
Net Nonoperating Obligations (NNO)	5,615	5,085	5,313	5,169	4,981	5,274	5,482	5,443	5,438	5,154	5,452
Total Depreciation and Amortization (D&A)	132	137	139	133	148	154	161	165	139	138	137
Debt-free, Cash-free Net Working Capital to Revenue	14.95%	8.66%	13.01%	11.87%	12.73%	9.10%	10.83%	11.40%	10.60%	7.16%	9.16%
Debt-free Net Working Capital to Revenue	16.44%	10.45%	14.42%	13.24%	14.20%	10.82%	12.36%	12.69%	11.77%	8.75%	10.06%
Net Working Capital to Revenue	15.97%	10.00%	14.07%	9.64%	6.02%	2.72%	4.39%	7.90%	11.18%	8.19%	6.75%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.42	$0.45	$0.55	$0.62	$0.54	$0.64	$0.55	$0.49	$0.67	$0.50	$0.63
Adjusted Weighted Average Basic Shares Outstanding	301.76M	300.21M	300.14M	300.11M	307.29M	306.05M	306.05M	307.21M	307.14M	307.12M	307.12M
Adjusted Diluted Earnings per Share	$0.42	$0.46	$0.55	$0.62	$0.53	$0.63	$0.55	$0.49	$0.67	$0.51	$0.62
Adjusted Weighted Average Diluted Shares Outstanding	301.76M	300.21M	300.14M	300.11M	307.29M	306.05M	306.05M	307.21M	307.14M	307.12M	307.12M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	301.76M	300.21M	300.14M	300.11M	307.29M	306.05M	306.05M	307.21M	307.14M	307.12M	307.12M
Normalized Net Operating Profit after Tax (NOPAT)	174	199	220	193	223	256	239	207	264	197	241
Normalized NOPAT Margin	8.21%	9.51%	9.94%	8.62%	9.88%	11.38%	10.18%	8.66%	10.81%	8.26%	9.83%
Pre Tax Income Margin	8.02%	8.83%	9.88%	11.80%	9.65%	10.23%	9.54%	8.65%	11.12%	9.05%	9.87%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.33	4.49	4.78	5.40	4.69	4.90	4.61	4.45	5.67	5.00	5.57
NOPAT to Interest Expense	3.24	3.36	3.59	3.89	3.57	4.17	3.51	3.22	4.35	3.58	4.41
EBIT Less CapEx to Interest Expense	-0.67	0.40	0.43	2.05	-0.10	2.56	2.08	1.80	2.81	3.85	4.53
NOPAT Less CapEx to Interest Expense	-1.76	-0.73	-0.76	0.54	-1.23	1.83	0.98	0.57	1.48	2.44	3.37
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	19.52%	18.54%	17.04%	17.06%	18.06%	17.01%	16.84%	15.16%	16.08%	17.62%	22.22%
Augmented Payout Ratio	19.52%	48.94%	47.35%	48.27%	21.88%	24.48%	23.13%	22.24%	25.08%	22.99%	27.65%

Frequently Asked Questions About Graphic Packaging's Financials

When does Graphic Packaging's financial year end?

According to the most recent income statement we have on file, Graphic Packaging's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Graphic Packaging's net income changed over the last 9 years?

Graphic Packaging's net income appears to be on an upward trend, with a most recent value of $658 million in 2024, rising from $230.10 million in 2015. The previous period was $723 million in 2023. Check out Graphic Packaging's forecast to explore projected trends and price targets.

What is Graphic Packaging's operating income?

Graphic Packaging's total operating income in 2024 was $1.12 billion, based on the following breakdown:

Total Gross Profit: $1.96 billion
Total Operating Expenses: $843 million

How has Graphic Packaging revenue changed over the last 9 years?

Over the last 9 years, Graphic Packaging's total revenue changed from $4.16 billion in 2015 to $8.81 billion in 2024, a change of 111.7%.

How much debt does Graphic Packaging have?

Graphic Packaging's total liabilities were at $8.13 billion at the end of 2024, a 3.1% decrease from 2023, and a 157.8% increase since 2015.

How much cash does Graphic Packaging have?

In the past 9 years, Graphic Packaging's cash and equivalents has ranged from $54.90 million in 2015 to $179 million in 2020, and is currently $157 million as of their latest financial filing in 2024.

How has Graphic Packaging's book value per share changed over the last 9 years?

Over the last 9 years, Graphic Packaging's book value per share changed from 3.36 in 2015 to 10.04 in 2024, a change of 198.5%.

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This page (NYSE:GPK) was last updated on 5/31/2025 by MarketBeat.com Staff

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Graphic Packaging (GPK) Financials

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Graphic Packaging (GPK) Financials

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