Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.28B | $4.38B | $6.01B | $6.14B | $6.54B | $7.13B | $9.41B | $9.38B | $8.78B | $8.58B |
| Revenue growth | — | 2.4% | 37.1% | 2.1% | 6.4% | 9.1% | 32.0% | -0.3% | -6.5% | -2.2% |
| Gross profit | $792M | $720M | $952M | $1.09B | $1.10B | — | — | — | — | — |
| Gross margin | 18.5% | 16.4% | 15.8% | 17.8% | 16.8% | — | — | — | — | — |
| Operating income | $407M | $328M | $458M | $534M | $524M | $407M | $906M | $1.17B | $1.12B | $804M |
| Operating margin | 9.5% | 7.5% | 7.6% | 8.7% | 8.0% | 5.7% | 9.6% | 12.5% | 12.8% | 9.4% |
| Net income | $228M | $300M | $221M | $207M | $167M | $204M | $522M | $723M | $658M | $444M |
| Net margin | 5.3% | 6.8% | 3.7% | 3.4% | 2.6% | 2.9% | 5.5% | 7.7% | 7.5% | 5.2% |
| EPS (diluted) | $0.71 | $0.96 | $0.71 | $0.70 | $0.60 | $0.68 | $1.69 | $2.34 | $2.16 | $1.48 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $74.0M | -$193M | -$374M | $666M | $825M | $609M | $1.09B | $1.14B | $840M | $841M |
| Capital expenditures | $279M | $241M | $379M | — | — | — | — | — | — | — |
| Free cash flow | -$205M | -$433M | -$753M | — | — | — | — | — | — | — |
| Share buybacks | $165M | $62.1M | $119M | $129M | $316M | $0.00 | $28.0M | $54.0M | $200M | $150M |
| Dividends paid | $64.4M | $93.4M | $111M | $113M | $103M | $92.0M | $92.0M | $123M | $122M | $128M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $59.1M | $67.4M | $70.5M | $153M | $179M | $172M | $150M | $162M | $157M | $261M |
| Total assets | $4.60B | $4.86B | $7.06B | $7.29B | $7.80B | $10.5B | $10.3B | $11.2B | $11.1B | $11.8B |
| Long-term debt | $2.09B | $2.21B | $2.91B | $2.81B | $3.15B | $5.51B | $5.20B | $4.61B | $5.14B | $5.02B |
| Shareholders' equity | $1.06B | $1.29B | $1.58B | $1.57B | $1.42B | $1.89B | $2.15B | $2.78B | $3.01B | $3.34B |
| Retained earnings | -$268M | -$56.0M | $10.0M | $56.4M | -$48.0M | $66.0M | $469M | $1.03B | $1.41B | $1.61B |
| Shares (wtd avg diluted) | 322M | 312M | 310M | 295M | 280M | 298M | 310M | 309M | 305M | 300M |
Every figure is extracted from GRAPHIC PACKAGING HOLDING CO’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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