Graphic Packaging Holding annual free cash flow
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Graphic Packaging Holding Free Cash Flow (FCF) History (GPK)
Graphic Packaging Holding reported −$81.0M in free cash flow for fiscal 2025, an increase of $316.0M from the previous fiscal year, with a free cash flow margin of −0.94%.
View full Graphic Packaging Holding company overviewGraphic Packaging Holding free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | −$81.0M | $316.0M | — | −0.94% |
| 2024 | 2024-12-31 | −$397.0M | −$714.0M | — | −4.52% |
| 2023 | 2023-12-31 | $317.0M | −$224.0M | −41.40% | +3.38% |
| 2022 | 2022-12-31 | $541.0M | $734.0M | — | +5.75% |
| 2021 | 2021-12-31 | −$193.0M | −$372.0M | — | −2.71% |
| 2020 | 2020-12-31 | $179.0M | −$134.0M | −42.81% | +2.74% |
| 2019 | 2019-12-31 | $313.0M | $1.07B | — | +5.10% |
| 2018 | 2018-12-31 | −$752.6M | −$319.2M | — | −12.52% |
| 2017 | 2017-12-31 | −$433.4M | −$228.8M | — | −9.88% |
| 2016 | 2016-12-31 | −$204.6M | −$564.9M | — | −4.78% |
| 2015 | 2015-12-31 | $360.3M | $20.8M | +6.13% | — |
| 2014 | 2014-12-31 | $339.5M | $90.7M | +36.45% | — |
| 2013 | 2013-12-31 | $248.8M | −$16.5M | −6.22% | — |
| 2012 | 2012-12-31 | $265.3M | $37.6M | +16.51% | — |
| 2011 | 2011-12-31 | $227.7M | $12.4M | +5.76% | — |
| 2010 | 2010-12-31 | $215.3M | −$158.3M | −42.37% | — |
| 2009 | 2009-12-31 | $373.6M | — | — | — |
Graphic Packaging Holding quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $75.0M | $36.0M | +92.31% | +3.44% |
| Q1 2026 | 2026-03-31 | −$253.0M | $238.0M | — | −11.77% |
| Q4 2025 | 2025-12-31 | $411.0M | $242.0M | +143.20% | +19.62% |
| Q3 2025 | 2025-09-30 | −$40.0M | $94.0M | — | −1.83% |
| Q2 2025 | 2025-06-30 | $39.0M | $143.0M | — | +1.78% |
| Q1 2025 | 2025-03-31 | −$491.0M | −$163.0M | — | −23.27% |
| Q4 2024 | 2024-12-31 | $169.0M | −$38.0M | −18.36% | +8.09% |
| Q3 2024 | 2024-09-30 | −$134.0M | −$338.0M | — | −6.07% |
| Q2 2024 | 2024-06-30 | −$104.0M | −$146.0M | — | −4.67% |
| Q1 2024 | 2024-03-31 | −$328.0M | −$192.0M | — | −14.57% |
| Q4 2023 | 2023-12-31 | $207.0M | −$159.0M | −43.44% | +9.26% |
| Q3 2023 | 2023-09-30 | $204.0M | −$44.0M | −17.74% | +8.72% |
| Q2 2023 | 2023-06-30 | $42.0M | −$90.0M | −68.18% | +1.77% |
| Q1 2023 | 2023-03-31 | −$136.0M | $69.0M | — | −5.60% |
| Q4 2022 | 2022-12-31 | $366.0M | $430.0M | — | +15.42% |
| Q3 2022 | 2022-09-30 | $248.0M | $336.0M | — | +10.14% |
| Q2 2022 | 2022-06-30 | $132.0M | $80.0M | +153.85% | +5.61% |
| Q1 2022 | 2022-03-31 | −$205.0M | −$112.0M | — | −9.16% |
| Q4 2021 | 2021-12-31 | −$64.0M | −$280.0M | — | −3.23% |
| Q3 2021 | 2021-09-30 | −$88.0M | −$214.0M | — | −4.96% |
| Q2 2021 | 2021-06-30 | $52.0M | −$18.0M | −25.71% | +3.00% |
| Q1 2021 | 2021-03-31 | −$93.0M | $140.0M | — | −5.66% |
| Q4 2020 | 2020-12-31 | $216.0M | −$9.4M | −4.17% | +13.12% |
| Q3 2020 | 2020-09-30 | $126.0M | −$48.0M | −27.59% | +7.45% |
| Q2 2020 | 2020-06-30 | $70.0M | −$88.7M | −55.89% | +4.36% |
| Q1 2020 | 2020-03-31 | −$233.0M | $12.1M | — | −14.61% |
| Q4 2019 | 2019-12-31 | $225.4M | $419.4M | — | +14.89% |
| Q3 2019 | 2019-09-30 | $174.0M | $265.1M | — | +11.03% |
| Q2 2019 | 2019-06-30 | $158.7M | $347.2M | — | +10.25% |
| Q1 2019 | 2019-03-31 | −$245.1M | $33.9M | — | −16.32% |
| Q4 2018 | 2018-12-31 | −$194.0M | −$64.7M | — | −12.90% |
| Q3 2018 | 2018-09-30 | −$91.1M | −$26.7M | — | −5.96% |
| Q2 2018 | 2018-06-30 | −$188.5M | −$109.7M | — | −12.50% |
| Q1 2018 | 2018-03-31 | −$279.0M | −$118.1M | — | −18.95% |
| Q4 2017 | 2017-12-31 | −$129.3M | $220.9M | — | −11.68% |
| Q3 2017 | 2017-09-30 | −$64.4M | −$142.4M | — | −5.69% |
| Q2 2017 | 2017-06-30 | −$78.8M | −$187.0M | — | −7.23% |
| Q1 2017 | 2017-03-31 | −$160.9M | −$120.3M | — | −15.23% |
| Q4 2016 | 2016-12-31 | −$350.2M | −$532.5M | — | — |
| Q3 2016 | 2016-09-30 | $78.0M | −$42.8M | −35.43% | — |
| Q2 2016 | 2016-06-30 | $108.2M | $21.5M | +24.80% | — |
| Q1 2016 | 2016-03-31 | −$40.6M | −$11.1M | — | — |
| Q4 2015 | 2015-12-31 | $182.3M | $22.6M | +14.15% | — |
| Q3 2015 | 2015-09-30 | $120.8M | −$14.3M | −10.58% | — |
| Q2 2015 | 2015-06-30 | $86.7M | $12.6M | +17.00% | — |
| Q1 2015 | 2015-03-31 | −$29.5M | −$100,000 | — | — |
| Q4 2014 | 2014-12-31 | $159.7M | $27.2M | +20.53% | — |
| Q3 2014 | 2014-09-30 | $135.1M | $44.1M | +48.46% | — |
| Q2 2014 | 2014-06-30 | $74.1M | $4.0M | +5.71% | — |
| Q1 2014 | 2014-03-31 | −$29.4M | $15.4M | — | — |
| Q4 2013 | 2013-12-31 | $132.5M | $27.1M | +25.71% | — |
| Q3 2013 | 2013-09-30 | $91.0M | −$7.3M | −7.43% | — |
| Q2 2013 | 2013-06-30 | $70.1M | −$700,000 | −0.99% | — |
| Q1 2013 | 2013-03-31 | −$44.8M | −$35.6M | — | — |
| Q4 2012 | 2012-12-31 | $105.4M | −$31.8M | −23.18% | — |
| Q3 2012 | 2012-09-30 | $98.3M | $54.6M | +124.94% | — |
| Q2 2012 | 2012-06-30 | $70.8M | −$6.7M | −8.65% | — |
| Q1 2012 | 2012-03-31 | −$9.2M | $21.5M | — | — |
| Q4 2011 | 2011-12-31 | $137.2M | $98.0M | +250.00% | — |
| Q3 2011 | 2011-09-30 | $43.7M | — | — | — |
| Q2 2011 | 2011-06-30 | $77.5M | — | — | — |
| Q1 2011 | 2011-03-31 | −$30.7M | — | — | — |
| Q3 2010 | 2010-09-30 | $39.2M | — | — | — |
Graphic Packaging Holding free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $179.0M to −$81.0M, a net decrease of $260.0M. Graphic Packaging Holding's latest reported quarter, Q2 2026, generated $75.0M in free cash flow, an increase of 92.31% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Graphic Packaging Holding filings at SEC.gov ↗