Graphic Packaging Holding Company (GPK)
Return on equity (ROE)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 723,000 | 683,000 | 706,000 | 622,000 | 522,000 | 405,000 | 285,000 | 257,000 | 204,000 | 229,200 | 220,200 | 234,200 | 167,200 | 136,000 | 124,100 | 135,900 | 206,800 | 221,300 | 263,500 | 249,100 |
| Total stockholders’ equity | US$ in thousands | 2,781,000 | 2,539,000 | 2,449,000 | 2,308,000 | 2,149,000 | 1,956,000 | 1,890,000 | 1,949,000 | 1,891,000 | 1,854,000 | 1,814,000 | 1,533,000 | 1,424,000 | 1,427,600 | 1,520,900 | 1,506,800 | 1,570,200 | 1,556,600 | 1,584,600 | 1,561,400 |
| ROE | 26.00% | 26.90% | 28.83% | 26.95% | 24.29% | 20.71% | 15.08% | 13.19% | 10.79% | 12.36% | 12.14% | 15.28% | 11.74% | 9.53% | 8.16% | 9.02% | 13.17% | 14.22% | 16.63% | 15.95% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $723,000K ÷ $2,781,000K
= 26.00%
Graphic Packaging Holding Co's return on equity (ROE) has shown a positive trend over the past eight quarters. ROE increased steadily from Q1 2022 to Q3 2023, peaking at 28.83% in Q2 2023 before slightly decreasing to 26.00% in Q4 2023. These figures indicate that the company has been effectively utilizing its equity to generate profits for shareholders. The ROE values consistently exceeded 15% from Q2 2022 onwards, surpassing industry benchmarks for financial performance. Overall, the increasing trend in ROE reflects Graphic Packaging Holding Co's strong operational efficiency and profitability during the period under review.
Peer comparison
Dec 31, 2023