GPK vs IP
Graphic Packaging Holding Co. and International Paper Co., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | GPK | IP |
|---|---|---|
| Revenue | $8.6B | $23.6B |
| Net income | $444.0M | $-3.5B |
| Gross margin | 18.6% | 29.6% |
| Net margin | 5.2% | −14.9% |
| Return on equity | 14.0% | −30.6% |
| Diluted EPS | $1.48 | −$6.95 |
| Dividend / share | · | $1.85 |
| Payout ratio | 28.8% | −27.8% |
| Free cash flow | · | $-159.0M |
| Equity | $3.3B | $14.8B |
| Net debt / equity | 1.58× | 0.59× |
| Current ratio | 1.30× | 1.28× |
| Revenue CAGR 5y | 5.6% | 6.1% |
| Profit CAGR 5y | 21.6% | · |
IP bills 2.7× the revenue of GPK, and IP closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | GPK | IP |
|---|---|---|
| FY2025 | $8.6B | $23.6B |
| FY2024 | $8.8B | $15.8B |
| FY2023 | $9.4B | $16.0B |
| FY2022 | $9.4B | $21.2B |
| FY2021 | $7.2B | $19.4B |
| FY2020 | $6.6B | $17.6B |
| FY2019 | $6.2B | $18.3B |
| FY2018 | $6.0B | $23.3B |
| FY2017 | $4.4B | $21.7B |
| FY2016 | $4.3B | $19.5B |
Bottom line
| Fiscal year | GPK | IP |
|---|---|---|
| FY2025 | $444.0M | $-3.5B |
| FY2024 | $658.0M | $557.0M |
| FY2023 | $723.0M | $288.0M |
| FY2022 | $522.0M | $1.5B |
| FY2021 | $204.0M | $1.8B |
| FY2020 | $167.0M | $482.0M |
| FY2019 | $207.0M | $1.2B |
| FY2018 | $221.1M | $2.0B |
| FY2017 | $300.2M | $2.1B |
| FY2016 | $228.0M | $904.0M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$15,017,000,000 | IP |
| FY2024 | −$7,028,000,000 | IP |
| FY2023 | −$6,605,000,000 | IP |
| FY2022 | −$11,721,000,000 | IP |
| FY2021 | −$12,207,000,000 | IP |
| FY2020 | −$11,005,000,000 | IP |
| FY2019 | −$12,157,000,000 | IP |
| FY2018 | −$17,276,600,000 | IP |
| FY2017 | −$17,337,400,000 | IP |
| FY2016 | −$15,196,900,000 | IP |
| FY2015 | −$16,514,800,000 | IP |
| FY2014 | −$19,376,500,000 | IP |
| FY2013 | −$19,004,900,000 | IP |
| FY2012 | −$17,514,900,000 | IP |
| FY2011 | −$21,827,700,000 | IP |
| FY2010 | −$21,084,000,000 | IP |
| FY2009 | −$19,270,200,000 | IP |
IP has reported the higher revenue in every one of these 17 fiscal years. The gap has narrowed since the earliest year compared.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +20.0 pp | GPK |
| FY2024 | +4.0 pp | GPK |
| FY2023 | +5.9 pp | GPK |
| FY2022 | −1.6 pp | IP |
| FY2021 | −6.0 pp | IP |
| FY2020 | +0.4 pp | GPK |
| FY2019 | −2.1 pp | IP |
| FY2018 | −3.8 pp | IP |
| FY2017 | −3.0 pp | IP |
| FY2016 | +0.7 pp | GPK |
| FY2015 | +1.1 pp | GPK |
| FY2014 | −0.2 pp | IP |
| FY2013 | −2.6 pp | IP |
| FY2012 | −0.9 pp | IP |
| FY2011 | +1.4 pp | GPK |
| FY2010 | −2.6 pp | IP |
| FY2009 | −1.5 pp | IP |
The higher net margin has changed hands between GPK and IP over this period.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
IP's net margin has been more volatile than GPK's over the 17 comparable fiscal years — 5.3 percentage points of standard deviation against 2.1.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between GPK and IP over these 17 fiscal years — GPK led in 7 and IP in 10.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
IP's return on equity has been more volatile than GPK's over the 17 comparable fiscal years — 14.1 percentage points of standard deviation against 7.8.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between GPK and IP over these 17 fiscal years — GPK led in 8 and IP in 9.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.