Graphic Packaging (GPK) Financials

$22.11 -0.01 (-0.05%)

Closing price 05/6/2025 03:59 PM Eastern

Extended Trading

$22.20 +0.09 (+0.41%)

As of 05/6/2025 07:48 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	230	228	300	221	207	167	204	522	723	659
Consolidated Net Income / (Loss)	230	228	300	587	278	203	216	522	723	658
Net Income / (Loss) Continuing Operations	230	228	300	587	278	203	216	522	723	657
Total Pre-Tax Income	359	319	253	348	354	244	289	716	932	886
Total Operating Income	427	407	328	458	534	524	407	906	1,174	1,119
Total Gross Profit	789	801	710	952	1,092	1,100	1,071	1,830	2,117	1,962
Total Revenue	4,160	4,298	4,406	6,029	6,160	6,560	7,156	9,440	9,428	8,807
Operating Revenue	4,160	4,298	4,406	6,029	6,160	6,560	7,156	9,440	9,428	8,807
Total Cost of Revenue	3,371	3,497	3,696	5,077	5,068	5,460	6,085	7,610	7,311	6,845
Operating Cost of Revenue	3,371	3,497	3,696	5,077	5,068	5,460	6,085	7,610	7,311	6,845
Total Operating Expenses	362	394	382	494	558	576	664	924	943	843
Selling, General & Admin Expense	348	353	348	472	512	513	528	774	805	774
Other Operating Expenses / (Income)	-7.70	3.10	3.00	7.20	8.00	2.00	-2.00	19	64	64
Restructuring Charge	-	-	-	-	38	-	138	131	74	5.00
Total Other Income / (Expense), net	-68	-88	-75	-111	-180	-280	-118	-190	-242	-233
Interest Expense	68	77	90	126	141	129	123	197	239	230
Other Income / (Expense), net	-	-11	15	15	-39	-151	5.00	7.00	-3.00	-3.00
Income Tax Expense	130	93	-46	55	76	42	74	194	210	229
Net Income / (Loss) Attributable to Noncontrolling Interest	-	0.00	0.00	73	71	36	12	-	-	-1.00
Basic Earnings per Share	$0.70	$0.71	$0.97	$0.71	$0.70	$0.60	$0.69	$1.69	$2.35	$2.16
Weighted Average Basic Shares Outstanding	329.50M	320.90M	311.10M	309.50M	580.65M	267.76M	307.10M	307.12M	306.05M	300.21M
Diluted Earnings per Share	$0.70	$0.71	$0.96	$0.71	$0.70	$0.60	$0.68	$1.69	$2.34	$2.16
Weighted Average Diluted Shares Outstanding	329.50M	320.90M	311.10M	309.50M	580.65M	267.76M	307.10M	307.12M	306.05M	300.21M
Weighted Average Basic & Diluted Shares Outstanding	329.50M	320.90M	311.10M	309.50M	580.65M	267.76M	307.10M	307.12M	306.05M	300.21M

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

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

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

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

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

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

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

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

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

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. See where experts think Graphic Packaging is headed by visiting Graphic Packaging's forecast page.

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 5/7/2025 by MarketBeat.com Staff

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Graphic Packaging (GPK) Financials

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Graphic Packaging (GPK) Financials

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