GPK vs MERC vs SUZ Stock Comparison

Graphic Packaging Holding, Mercer International and Suzano Prices as of Oct 23, 2026 Peers: Industry group
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SUZ Suzano S.A.
$8.64 -6.3% 1M -4.6% 1Y
Market cap
$10.91B
P/E
7.0x
Revenue (TTM)
$9.04B
Div. yield
–
Pulp and Paper Basic Materials
10 wins

Head to Head

11 decided of 12

Suzano leads on 10 of the 12 questions below (Suzano 10, Mercer International 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionGPKMERCSUZLeader
Larger companyMarket capitalisation $2.60B $8.43M $10.91B SUZ
Cheaper on earningsLower P/E, profitable companies only 13.4x 0.0x 7.0x SUZ
Cheaper on forward earningsLower price / next fiscal year consensus EPS 13.1x — 6.1x SUZ
Faster revenue growthRevenue growth, trailing twelve months +0.0% -4.8% +0.7% SUZ
More profitableNet margin, trailing twelve months 2.2% -27.9% 17.2% SUZ
Better return on capitalReturn on invested capital 4.3% -23.1% 7.1% SUZ
Less leveragedLower net debt / EBITDA 5.1x -6.8x 3.1x MERC
Higher dividend yieldTrailing dividend yield 0.00% 1.19% 0.00% –
Better 1-year returnPrice return, last 12 months -50.4% -94.4% -4.6% SUZ
Better 5-year returnAnnualised price return, 5 years -15.8%/yr -57.7%/yr -1.5%/yr SUZ
Less volatileAnnualised volatility, 1 year 47.4% 96.6% 29.8% SUZ
Higher overall scoreMean of the five percentile scores vs peers 51/100 14/100 57/100 SUZ

Percentile Scorecard

GPKMERCSUZ

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisGPKMERCSUZ
Valuation 100 #1 of 16 19 #232 of 287 90 #29 of 287
Growth 0 #16 of 16 1 #265 of 267 17 #222 of 267
Profitability 53 #8 of 16 27 #176 of 240 77 #55 of 240
Financial Health 19 #14 of 17 8 #273 of 295 30 #207 of 295
Shareholder Returns 85 #3 of 14 13 #177 of 204 70 #62 of 204
Overall 51 14 57
  • GPK ranked among 17 companies in Packaging
  • MERC ranked among 308 companies in Basic Materials
  • SUZ ranked among 308 companies in Basic Materials

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodGPKMERCSUZSPY
1 month -9.3%-56.3%-6.3% -1.0%
3 months -20.4%-79.1%+4.3% +2.9%
6 months -6.2%-87.5%-5.1% +6.4%
Year to date -41.8%-92.9%-7.5% +11.4%
1 year -50.4%-94.4%-4.6% +13.1%
3 years -56.9%-98.4%-17.5% +79.4%
3 years, per year -24.5%-74.7%-6.2% +21.5%
5 years -57.5%-98.6%-7.1% +67.7%
5 years, per year -15.8%-57.7%-1.5% +10.9%
10 years -35.1%-98.2%+159.5% +255.2%
10 years, per year -4.2%-33.1%+10.0% +13.5%

Risk

MeasureGPKMERCSUZSPY
Volatility, 1Y 47.4%96.6%29.8% 12.7%
Downside volatility, 1Y 47.9%113.0%27.9% 12.7%
Beta vs S&P 500, 1Y 0.871.910.63 1.00
Return / volatility, 1Y -1.06-0.98-0.16 1.03
Max drawdown, 5Y -73.0%-99.2%-41.1% -25.4%
From 52-week high -50.4%-95.0%-24.6% -2.5%
52-week high $17.68$2.79$11.46 $779.14
52-week low $8.24$0.14$7.67 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleGPKMERCSUZ
P/E now vs peer median 13.4xmedian 18.2x 0.0xmedian 17.9x 6.9xmedian 17.9x
P/S now vs peer median 0.3xmedian 0.7x 0.0xmedian 1.8x 1.2xmedian 1.8x
EV/EBITDA now vs peer median 7.5xmedian 9.5x -6.8xmedian 9.8x 5.7xmedian 9.8x
P/FCF now vs peer median 13.7xmedian 15.7x -0.1xmedian 16.0x 12.3xmedian 16.0x
P/B now vs peer median 0.8xmedian 1.4x -0.1xmedian 1.8x 1.1xmedian 1.8x
PEG now vs peer median -0.39median 0.83 0.00median 0.73 -0.19median 0.73

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsGPKMERCSUZ
Revenue $8.64B $1.86B $9.04B
Gross profit $1.34B $52.72M $2.58B
Operating income $504.00M -$437.94M $1.91B
Net income $194.00M -$517.45M $1.56B
Free cash flow $189.00M -$154.18M $888.28M
EPS (diluted) $0.65 $-7.72 $1.25
Cash & equivalents $205.00M $78.78M $3.21B
Total debt $5.67B $1.95B $17.89B
Shares (diluted) 296.70M 67.04M 1.24B
Enterprise value $1.82B -$439.79M -$7.42B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricGPKMERCSUZ
P/E 13.4x 0.0x 6.9x
P/FCF 13.7x -0.1x 12.3x
P/Operating cash flow 3.3x -0.1x 3.5x
P/S 0.3x 0.0x 1.2x
P/B 0.8x -0.1x 1.1x
P/Tangible book 1.0x -0.1x 1.1x
EV/EBITDA 7.5x -6.8x 5.7x
EV/EBIT 16.0x -4.3x 12.4x
EV/Revenue 0.9x 1.0x 2.6x
EV/FCF 42.6x -12.2x 26.7x
EV/Operating cash flow 10.2x -22.2x 7.5x
PEG (3Y EPS CAGR) -0.39 0.00 -0.19

Growth

14 metrics
MetricGPKMERCSUZ
Revenue growth (1Y) 0.0% -4.8% 0.7%
Revenue CAGR (3Y) -3.7% -5.0% -1.5%
Gross profit growth (1Y) -26.6% -81.9% -23.8%
Gross profit CAGR (3Y) -13.6% -45.3% -17.1%
Operating income growth (1Y) -45.9% -5,891% -20.3%
Operating income CAGR (3Y) -24.2% -163.0% -30.5%
Net income growth (1Y) -63.7% -373.6% 11.8%
Net income CAGR (3Y) -35.0% -130.8% -29.7%
EPS growth (1Y) -63.1% -372.7% 14.2%
EPS CAGR (3Y) -34.1% -130.0% -36.5%
Operating cash flow growth (1Y) 3.1% -270.4% -11.0%
Operating cash flow CAGR (3Y) -10.1% -41.4% -13.2%
Free cash flow growth (1Y) 147.8% -261.2% -70.7%
Free cash flow CAGR (3Y) -28.6% -0.7% -47.6%

Profitability

14 metrics
MetricGPKMERCSUZ
Gross margin 15.5% 2.8% 28.6%
EBITDA margin 12.4% -14.9% 46.0%
Operating margin 5.8% -23.6% 21.1%
Pretax margin 2.9% -29.7% 25.9%
Net margin 2.2% -27.9% 17.2%
FCF margin 2.2% -8.3% 9.8%
Operating cash flow margin 9.2% -4.6% 34.8%
Return on equity 6.0% – 16.6%
Return on assets 1.7% -27.0% 4.8%
Return on invested capital 4.3% -23.1% 7.1%
Return on capital employed 5.3% -33.3% 6.4%
Asset turnover 0.7x 1.0x 0.3x
Cash conversion (OCF / net income) 4.1x 0.2x 2.0x
Stock comp / revenue 0.2% 0.0% –

Financial Health

11 metrics
MetricGPKMERCSUZ
Debt / assets 48.6% 104.3% 54.2%
Debt / equity 1.8x -19.9x 1.9x
Net debt / EBITDA 5.1x -6.8x 3.1x
Debt / FCF 30.0x -12.7x 20.1x
Liabilities / assets 72.2% 105.2% 70.9%
Equity / assets 27.8% -5.2% 29.1%
Interest coverage 2.0x -3.7x 1.4x
Current ratio 1.4x 1.3x 3.4x
Quick ratio 0.5x 0.6x 2.3x
Cash ratio 0.1x 0.1x 1.9x
Altman Z-score 1.34 0.04 1.03

Shareholder Returns

7 metrics
MetricGPKMERCSUZ
Dividend yield 5.0% 0.0% 2.4%
Net buyback yield – – –
Shareholder yield 5.0% 0.0% 2.4%
Payout ratio (earnings) – -1.9% –
Payout ratio (FCF) – -6.5% –
Dividend growth (1Y) – -60.0% –
Dividend CAGR (3Y) – -26.1% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusGPKMERCSUZ
Forward P/E 13.1xFY2026 – 6.1xFY2026
EPS, next fiscal year $0.67FY2026 $-3.78FY2026 $1.41FY2026
EPS growth, next FY -62.8%FY2026 – -32.5%FY2026
EPS growth, the year after +43.3% – -28.4%
Revenue, next fiscal year $8.23BFY2026 $2.04BFY2026 $10.38BFY2026
Revenue growth, next FY -4.5%FY2026 +9.1%FY2026 +7.4%FY2026
Revenue growth, the year after +0.0% +12.0% +11.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersGPKMERCSUZ
Held by institutions 100.0% 63.8% 5.9%
Institutions holding 499 67 136
Change in shares held, QoQ +5.3% -11.3% +0.6%
Institutions buying 322 27 77
Institutions selling 130 19 46
Buyers to sellers 2.48 1.42 1.67

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

GPKMERCSUZ
GPK 1.00 0.20 0.08
MERC 0.20 1.00 0.01
SUZ 0.08 0.01 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, GPK, MERC and SUZ?

Suzano (SUZ) is the largest by market capitalisation: Graphic Packaging Holding (GPK) $2.60B, Mercer International (MERC) $8.43M, Suzano (SUZ) $10.91B.

Which stock is cheaper, GPK, MERC and SUZ?

Suzano (SUZ) trades on the lowest price-to-earnings ratio (Graphic Packaging Holding (GPK) 13.4x, Mercer International (MERC) 0.0x, Suzano (SUZ) 7.0x). On next year's consensus earnings, Suzano (SUZ) is cheapest (Graphic Packaging Holding (GPK) 13.1x, Suzano (SUZ) 6.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Suzano (SUZ) grew revenue fastest over the trailing twelve months: Graphic Packaging Holding (GPK) +0.0%, Mercer International (MERC) -4.8%, Suzano (SUZ) +0.7%.

Which company is more profitable?

Suzano (SUZ) has the highest net margin (Graphic Packaging Holding (GPK) 2.2%, Mercer International (MERC) -27.9%, Suzano (SUZ) 17.2%). On return on invested capital, Suzano (SUZ) leads (Graphic Packaging Holding (GPK) 4.3%, Mercer International (MERC) -23.1%, Suzano (SUZ) 7.1%).

Which stock has performed better?

Over the past year Suzano (SUZ) returned the most: Graphic Packaging Holding (GPK) -50.4%, Mercer International (MERC) -94.4%, Suzano (SUZ) -4.6%. Over five years, Suzano (SUZ) compounded fastest (Graphic Packaging Holding (GPK) -15.8%/yr, Mercer International (MERC) -57.7%/yr, Suzano (SUZ) -1.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Graphic Packaging Holding (GPK) 0.00%, Mercer International (MERC) 1.19%, Suzano (SUZ) 0.00%. Graphic Packaging Holding (GPK) and Suzano (SUZ) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Suzano (SUZ) has been the steadiest (Graphic Packaging Holding (GPK) 47.4%, Mercer International (MERC) 96.6%, Suzano (SUZ) 29.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, GPK, MERC and SUZ?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Suzano (SUZ) leads on 10. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.