Americas Paperboard Packaging was Graphic Packaging Holding’s largest segment in fiscal 2025, bringing in $5.89B of $8.62B (68%).
| Segment | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2017 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Americas Paperboard Packaging | $6.02B | $6.20B | $6.10B | $5.89B | ||||||||
| Paperboard Packaging | — | — | — | — | ||||||||
| International Paperboard Packaging | — | $2.28B | $2.13B | $2.21B | ||||||||
| Europe Paperboard Packaging | $1.97B | — | — | — | ||||||||
| Paperboard Manufacturing | $1.29B | — | — | — | ||||||||
| Flexible Packaging | — | — | — | — | ||||||||
| Paperboard Mills | — | — | — | — | ||||||||
| Corporate, Reconciling Items, & Eliminations | — | $948.00M | $576.00M | $520.00M | ||||||||
| Corporate/Other/Eliminations | $162.00M | — | — | — | ||||||||
| Total | $9.44B | $9.43B | $8.81B | $8.62B |
Graphic Packaging Holding brought in $8.62B from its three segments in fiscal 2025, the year ended December 31, 2025. That was down 2.2% from $8.81B in fiscal 2024. Americas Paperboard Packaging was the largest at $5.89B (68.3%), ahead of International Paperboard Packaging at $2.21B (25.6%) and Corporate, Reconciling Items, & Eliminations at $520.00M (6.0%).
Compared with fiscal 2024, International Paperboard Packaging grew fastest, up 3.7% to $2.21B, while Corporate, Reconciling Items, & Eliminations fell the most, down 9.7% to $520.00M.
Graphic Packaging Holding began breaking out International Paperboard Packaging in fiscal 2023, when it brought in $2.28B. Graphic Packaging Holding stopped reporting Europe Paperboard Packaging ($1.97B in fiscal 2022), Paperboard Manufacturing ($1.29B in fiscal 2022) and Corporate/Other/Eliminations ($162.00M in fiscal 2022) as separate segments.
Subsidiaries was Graphic Packaging Holding’s largest revenue line in fiscal 2012, bringing in $3.34B of $4.34B (77%).
| Legal Entity | FY 2009 | FY 2010 | FY 2011 | FY 2012 |
|---|---|---|---|---|
| Subsidiaries | $3.23B | $3.22B | $3.32B | $3.34B |
| Non-Guarantor Subsidiaries | $942.60M | $983.80M | $1.06B | $1.11B |
| Guarantor Subsidiaries | $53.80M | $54.30M | $63.90M | $93.90M |
| Consolidation, Eliminations | -$130.60M | -$164.40M | -$232.00M | -$202.10M |
| Total | $4.10B | $4.10B | $4.21B | $4.34B |
Graphic Packaging Holding brought in $4.34B from its four revenue lines in fiscal 2012, the year ended December 31, 2012. That was up 3.1% from $4.21B in fiscal 2011. Subsidiaries was the largest at $3.34B (76.9%), ahead of Non-Guarantor Subsidiaries at $1.11B (25.6%) and Guarantor Subsidiaries at $93.90M (2.2%).
Compared with fiscal 2011, Guarantor Subsidiaries grew fastest, up 46.9% to $93.90M. Every revenue line above 2% of revenue grew. From fiscal 2009 to 2012, combined revenue from these revenue lines grew from $4.10B to $4.34B, a compound annual growth rate of 1.9%. Subsidiaries' share of the total fell from 78.9% to 76.9%.
The total is net of Consolidation, Eliminations, which took $202.10M off revenue in fiscal 2012.
North America was Graphic Packaging Holding’s largest region in fiscal 2017, bringing in $3.64B of $4.45B (82%).
| Geography | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2015 | FY 2016 | FY 2017 |
|---|---|---|---|---|---|---|---|
| Segment, Geographical, Groups Of Countries, Group One | — | — | — | ||||
| North America | $3.49B | $3.60B | $3.64B | ||||
| Europe | $603.90M | $569.90M | $593.10M | ||||
| Asia Pacific | $117.40M | $198.10M | $215.70M | ||||
| Segment, Geographical, Groups Of Countries, Group Three | — | — | — | ||||
| Segment, Geographical, Groups Of Countries, Group Four | — | — | — | ||||
| South America | — | — | — | ||||
| Segment, Geographical, Groups Of Countries, Group Two | — | — | — | ||||
| Geographical Intersegment, Eliminations | — | — | — | ||||
| Intersegment Eliminations | — | — | — | ||||
| Total | $4.21B | $4.37B | $4.45B |
Graphic Packaging Holding brought in $4.45B from its three regions in fiscal 2017, the year ended December 31, 2017. That was up 1.9% from $4.37B in fiscal 2016. North America was the largest at $3.64B (81.8%), ahead of Europe at $593.10M (13.3%) and Asia Pacific at $215.70M (4.8%).
Compared with fiscal 2016, Asia Pacific grew fastest, up 8.9% to $215.70M. Every region above 2% of revenue grew. From fiscal 2015 to 2017, combined revenue from these regions grew from $4.21B to $4.45B, a compound annual growth rate of 2.8%. North America's share of the total fell from 82.9% to 81.8%.
Graphic Packaging Holding (GPK) reports its revenue by segment, by legal entity and by geography. In fiscal 2025, Americas Paperboard Packaging was its largest segment, bringing in $5.89B (68.3% of the total), followed by International Paperboard Packaging at $2.21B (25.6%).
Americas Paperboard Packaging was Graphic Packaging Holding's largest segment in fiscal 2025, bringing in $5.89B, or 68.3% of the $8.62B total across its three segments.
Subsidiaries was Graphic Packaging Holding's largest revenue line in fiscal 2012, bringing in $3.34B, or 76.9% of the $4.34B total across its four revenue lines.
North America was Graphic Packaging Holding's largest region in fiscal 2017, bringing in $3.64B, or 81.8% of the $4.45B total across its three regions.
Among Graphic Packaging Holding's segments that make up at least 2% of revenue, International Paperboard Packaging grew fastest in fiscal 2025, up 3.7% from $2.13B to $2.21B.
Every figure comes from Graphic Packaging Holding's annual financial filings, as reported. Each line keeps the name Graphic Packaging Holding gives it, and years follow its fiscal calendar.
Graphic Packaging Holding's revenue by segment goes back to fiscal 2009, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.