GPGI Industrials

GPGI, Inc.

$11.68-0.43%

Price as of close on Nov 3, 2026 · Financials updated Oct 9, 2026

Basics

Sector: Industrials
Industry: Metal Fabrication
Country: United States
Market cap: 3.4B USD
Enterprise value: 3.6B USD
Full-time employees: 971

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: its share price swings more than most peers’ (beta 0.91 vs a peer median of 0.64), though less than the overall marketbigger price swings (beta 0.91 vs peers 0.64)
Drawback: less short-term liquidity (current ratio 1.14 vs a peer median of 1.62)less liquidity (current ratio 1.14 vs peers 1.62)
About average: risk (debt, liquidity and share-price swings)risk

Ranks #2,201 of 2,308 industrials companies (bottom 5%)

See how it ranks against its peers

Worth knowing

Stock pay outran buybacks. Stock-based pay expense $43M vs $12M spent repurchasing shares over the 3 fiscal years to 2025.
Over three fiscal years GPGI recorded $43M of stock-based pay expense and spent $12M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years GPGI recorded $43M of stock-based pay expense and spent $12M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.
Operating margin at a 5-year low. -23% in 2025, the weakest of the last 5 years.
GPGI's operating margin fell to -23% in 2025, its lowest in the 5 years of filings we have.
Loss over 12 months, profit last quarter. Lost money in the 12 months to June 2026, but made a $50M profit in the quarter to June 2026.
GPGI reported a net loss over the last twelve months, but its most recent quarter was profitable ($50M). One quarter isn't a trend, but it's closer to profitability than the 12-month figure suggests.
Revenue is falling. Revenue fell 100% in the 12 months to June 2026 vs the 12 months before.
GPGI's revenue fell 100% in the 12 months to June 2026 vs the 12 months before.

StockQuotient Score

16/ 100

Oct 5 16 → Nov 4 16

Valuation

Is the price right?

9/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-9.3%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.28Sector median: 0.0377 · MAD: 0.0294

EBITDA yield-2.4%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -1.64Sector median: 0.0695 · MAD: 0.0425

Free cash flow yield-2.1%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.00Sector median: 0.0370 · MAD: 0.0370

Other data (not scored)

Book yield93.7%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5027 · MAD: 0.2823

Growth

Is it growing?

4/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ 3-yr revenue
▼ Revenue growth
▼ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

The loss per share widened33% base weight · Z-score -1.31Sector median: 0.0709 · MAD: 0.2481

3-year revenue growth-96.1%

SEC filings · 3 years to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.50Sector median: 0.0421 · MAD: 0.0625

Revenue growth-100.0%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.66Sector median: 0.0439 · MAD: 0.0766

Profitability

Does it earn well?

5/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Operating margin
▼ ROA
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-342212.5%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -5.28Sector median: 0.0773 · MAD: 0.0507

Return on assets-9.1%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.56Sector median: 0.0311 · MAD: 0.0241

Return on invested capital-2.1%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.65Sector median: 0.0715 · MAD: 0.0558

Other data (not scored)

Gross marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.2573 · MAD: 0.1038

Return on equity-10.0%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0802 · MAD: 0.0639

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Mixed versus peers:

▲ Debt / equity
▼ Current ratio
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.91

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -0.98Sector median: 0.6440 · MAD: 0.2745

Current ratio1.14×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.89Sector median: 1.6180 · MAD: 0.5360

Debt / equity0.00×

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentile33% base weight · Z-score 1.17Sector median: 0.4019 · MAD: 0.3378

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about GPGI

Is GPGI getting weaker?: Its latest SEC filing (Aug 6, 2026) showed no major changes. Its overall score is unchanged at 16/100 since Oct 28, 2026.
How is GPGI valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 9/100 against 2,459 industrials peers. Earnings yield -9.3% vs a peer median of 3.8% (weaker than 100% of peers).Earnings yield -9.3% vs peers 3.8% (weaker than 100% of peers).
Is GPGI growing?: More slowly than most of its peers. Growth scores 4/100 against 2,459 industrials peers. 3-year revenue growth -96.1% vs a peer median of 4.2% (weaker than 100% of peers).3-year revenue growth -96.1% vs peers 4.2% (weaker than 100% of peers).
How profitable is GPGI?: Less profitable than most of its peers. Profitability scores 5/100 against 2,459 industrials peers. Operating margin -342212.5% vs a peer median of 7.7% (weaker than 100% of peers).Operating margin -342212.5% vs peers 7.7% (weaker than 100% of peers).
How risky is GPGI?: Moderate risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Debt / equity 0.00× vs a peer median of 0.40× (stronger than 95% of peers).Debt / equity 0.00× vs peers 0.40× (stronger than 95% of peers). Current ratio 1.14× vs a peer median of 1.62× (weaker than 77% of peers).Current ratio 1.14× vs peers 1.62× (weaker than 77% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 6, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

Worth watching: GPGI is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	24,000 USD	24,000 USD	0.0%
Net income (12 months)	−392.5M USD	−316.1M USD	−19.5%
Operating margin	-313879.2%	-342212.5%	−28333.3 pts
Debt	0 USD	0 USD	—
Cash	6.5M USD	7.7M USD	+18.5%
Shares outstanding	289.9M	289.9M	+0.0%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Industrials · 318 companies

Valuations in Industrials are near the top of their range since 2016.

85% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +20% and earnings +14% (medians): prices and earnings moved broadly together.
Median price-to-sales is −24% vs the whole market, against a usual −31%.

2016Shaded: most expensive fifth of its range2026

Shown for Industrials: too few Metal Fabrication companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	54.1%	58.0%	53.5%	52.1%	48.1%	▼ 4.1 pts
Operating margin	30.4%	30.4%	30.5%	25.6%	-23.0%	▼ 49 pts
Net margin	1.2%	4.9%	4.9%	-12.8%	-227.3%	▼ 215 pts
Return on assets (ROA)	2.4%	11.5%	9.6%	-11.3%	-26.3%	▼ 15 pts
Return on equity (ROE)	—	—	—	—	-55.9%	—
Free cash flow margin	27.3%	22.1%	23.9%	29.0%	-38.2%	▼ 67 pts
Current ratio	1.29×	2.05×	3.40×	2.28×	6.33×	▲ 178%
Quick ratio	0.87×	1.16×	2.12×	1.69×	6.33×	▲ 274%
Debt to equity	—	—	—	—	0.00×	—
Interest coverage	6.83×	5.37×	4.33×	5.33×	-8.13×	▼ 252%

GPGI price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: its share price swings more than most peers’ (beta 0.91 vs a peer median of 0.64), though less than the overall marketbigger price swings (beta 0.91 vs peers 0.64)

Drawback: less short-term liquidity (current ratio 1.14 vs a peer median of 1.62)less liquidity (current ratio 1.14 vs peers 1.62)

About average: risk (debt, liquidity and share-price swings)risk

Ranks #2,201 of 2,308 industrials companies (bottom 5%)

See how it ranks against its peers

Worth knowing

Stock pay outran buybacks. Stock-based pay expense $43M vs $12M spent repurchasing shares over the 3 fiscal years to 2025.

Over three fiscal years GPGI recorded $43M of stock-based pay expense and spent $12M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years GPGI recorded $43M of stock-based pay expense and spent $12M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.

Operating margin at a 5-year low. -23% in 2025, the weakest of the last 5 years.

GPGI's operating margin fell to -23% in 2025, its lowest in the 5 years of filings we have.

Loss over 12 months, profit last quarter. Lost money in the 12 months to June 2026, but made a $50M profit in the quarter to June 2026.

GPGI reported a net loss over the last twelve months, but its most recent quarter was profitable ($50M). One quarter isn't a trend, but it's closer to profitability than the 12-month figure suggests.

Revenue is falling. Revenue fell 100% in the 12 months to June 2026 vs the 12 months before.

GPGI's revenue fell 100% in the 12 months to June 2026 vs the 12 months before.

Questions investors ask about GPGI

Is GPGI getting weaker?

Its latest SEC filing (Aug 6, 2026) showed no major changes. Its overall score is unchanged at 16/100 since Oct 28, 2026.

How is GPGI valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 9/100 against 2,459 industrials peers. Earnings yield -9.3% vs a peer median of 3.8% (weaker than 100% of peers).Earnings yield -9.3% vs peers 3.8% (weaker than 100% of peers).

Is GPGI growing?

More slowly than most of its peers. Growth scores 4/100 against 2,459 industrials peers. 3-year revenue growth -96.1% vs a peer median of 4.2% (weaker than 100% of peers).3-year revenue growth -96.1% vs peers 4.2% (weaker than 100% of peers).

How profitable is GPGI?

Less profitable than most of its peers. Profitability scores 5/100 against 2,459 industrials peers. Operating margin -342212.5% vs a peer median of 7.7% (weaker than 100% of peers).Operating margin -342212.5% vs peers 7.7% (weaker than 100% of peers).

How risky is GPGI?

Moderate risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Debt / equity 0.00× vs a peer median of 0.40× (stronger than 95% of peers).Debt / equity 0.00× vs peers 0.40× (stronger than 95% of peers). Current ratio 1.14× vs a peer median of 1.62× (weaker than 77% of peers).Current ratio 1.14× vs peers 1.62× (weaker than 77% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

24,000 USD

24,000 USD

0.0%

Net income (12 months)

−392.5M USD

−316.1M USD

−19.5%

Operating margin

-313879.2%

-342212.5%

−28333.3 pts

Debt

0 USD

0 USD

—

Cash

6.5M USD

7.7M USD

+18.5%

Shares outstanding

289.9M

289.9M

+0.0%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

54.1%

58.0%

53.5%

52.1%

48.1%

▼ 4.1 pts

Operating margin

30.4%

30.5%

25.6%

-23.0%

▼ 49 pts

Net margin

1.2%

4.9%

-12.8%

-227.3%

▼ 215 pts

Return on assets (ROA)

2.4%

11.5%

9.6%

-11.3%

-26.3%

▼ 15 pts

Return on equity (ROE)

—

-55.9%

—

Free cash flow margin

27.3%

22.1%

23.9%

29.0%

-38.2%

▼ 67 pts

Current ratio

1.29×

2.05×

3.40×

2.28×

6.33×

▲ 178%

Quick ratio

0.87×

1.16×

2.12×

1.69×

6.33×

▲ 274%

Debt to equity

—

0.00×

—

Interest coverage

6.83×

5.37×

4.33×

5.33×

-8.13×

▼ 252%