GPGI (GPGI)


Market Price (11/6/2026): $14.15 | Market Cap: $4.1 BilSector: Industrials | Industry: Industrial Machinery & Supplies & Components

GPGI (GPGI)


Market Price (11/6/2026): $14.15
Market Cap: $4.1 Bil
Sector: Industrials
Industry: Industrial Machinery & Supplies & Components

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments, E-commerce & Digital Retail, and Cloud Computing. Themes include Digital Payments, Show more.

Weak multi-year price returns
2Y Excs Rtn is -21%

Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -82 Mil

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is null, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -43%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -12%

Significant short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 19.79

Key risks
GPGI key risks include [1] execution challenges in integrating the major Husky acquisition and company rebrand, Show more.

0 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments, E-commerce & Digital Retail, and Cloud Computing. Themes include Digital Payments, Show more.
1 Weak multi-year price returns
2Y Excs Rtn is -21%
2 Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -82 Mil
4 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is null, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -43%
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -12%
6 Significant short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 19.79
7 Key risks
GPGI key risks include [1] execution challenges in integrating the major Husky acquisition and company rebrand, Show more.

GPGI in ETFs

Weight = GPGI's share of each fund

VTI0.00%
ITOT0.00%
IWM0.07%
VB0.01%
NUSC0.17%
IWO0.14%
VTWO0.07%
ESML0.05%
+5 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 11/4/2026

GPGI (GPGI) stock has gained about 5% since 7/31/2026 because of the following key factors:

1. Underperformance of the Husky Technologies segment weighed on overall results. The Husky Technologies business, acquired by GPGI in January 2026, faced significant headwinds during this period, including resin price shocks, tariff uncertainty, and customer delays. This pressure impacted Husky's margins and sales, offsetting the strong performance of GPGI's other segment, CompoSecure.

2. Mixed second quarter fiscal 2026 earnings report and cautious outlook contributed to investor apprehension. For the fiscal quarter ending June 30, 2026, GPGI reported a 4% year-over-year decline in Pro Forma Adjusted Net Sales to $473.2 million and a 13% year-over-year decrease in Pro Forma Adjusted EBITDA to $113.9 million. While the company's diluted EPS of $0.17 beat the Zacks Consensus Estimate of $0.14, the overall mixed results and the reiteration of full-year 2026 guidance without assuming a macroeconomic recovery likely fueled investor caution, leading to a 1.51% stock price decrease in the 48 hours following the August 6, 2026, earnings release.

Show more
Updated on 11/4/2026

GPGI (GPGI) stock has gained about 5% since 7/31/2026 because of the following key factors:

1. Underperformance of the Husky Technologies segment weighed on overall results. The Husky Technologies business, acquired by GPGI in January 2026, faced significant headwinds during this period, including resin price shocks, tariff uncertainty, and customer delays. This pressure impacted Husky's margins and sales, offsetting the strong performance of GPGI's other segment, CompoSecure.

2. Mixed second quarter fiscal 2026 earnings report and cautious outlook contributed to investor apprehension. For the fiscal quarter ending June 30, 2026, GPGI reported a 4% year-over-year decline in Pro Forma Adjusted Net Sales to $473.2 million and a 13% year-over-year decrease in Pro Forma Adjusted EBITDA to $113.9 million. While the company's diluted EPS of $0.17 beat the Zacks Consensus Estimate of $0.14, the overall mixed results and the reiteration of full-year 2026 guidance without assuming a macroeconomic recovery likely fueled investor caution, leading to a 1.51% stock price decrease in the 48 hours following the August 6, 2026, earnings release.

3. Broader macroeconomic pressures created an unfavorable market environment. The period since July 31, 2026, was characterized by ongoing macroeconomic concerns, including geopolitical conflicts, uncertainties surrounding trade policy, and renewed inflation worries driven by higher oil prices. Additionally, elevated interest rates continued to impact the housing sector, and the broader U.S. economy faced the challenge of potential stagflation, creating a cautious investment climate that likely affected GPGI, an industrial conglomerate.

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Stock Movement Drivers

Fundamental Drivers

The 3.2% change in GPGI stock from 7/31/2026 to 11/5/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)731202611052026Change
Stock Price ($)13.2013.623.2%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple∞∞0.0%
Shares Outstanding (Mil)270290-6.9%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/5/2026
ReturnCorrelation
GPGI3.2% 
Market (SPY)-1.9%28.3%
Sector (XLI)-9.7%22.2%

Fundamental Drivers

The -11.7% change in GPGI stock from 4/30/2026 to 11/5/2026 was primarily driven by a null change in the company's Total Revenues ($ Mil).
(LTM values as of)430202611052026Change
Stock Price ($)15.4213.62-11.7%
Change Contribution By: 
Total Revenues ($ Mil)600 
P/S Multiple32.6∞9.2233720368547763E17%
Shares Outstanding (Mil)126290-56.5%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/5/2026
ReturnCorrelation
GPGI-11.7% 
Market (SPY)2.3%36.2%
Sector (XLI)-6.7%33.9%

Fundamental Drivers

The -31.4% change in GPGI stock from 10/31/2025 to 11/5/2026 was primarily driven by a null change in the company's Total Revenues ($ Mil).
(LTM values as of)1031202511052026Change
Stock Price ($)19.8513.62-31.4%
Change Contribution By: 
Total Revenues ($ Mil)2680 
P/S Multiple7.6∞9.2233720368547763E17%
Shares Outstanding (Mil)102290-64.7%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/5/2026
ReturnCorrelation
GPGI-31.4% 
Market (SPY)8.4%40.4%
Sector (XLI)5.7%39.5%

Fundamental Drivers

The 197.7% change in GPGI stock from 10/31/2023 to 11/5/2026 was primarily driven by a 9.2233720368547763E17% change in the company's P/S Multiple.
(LTM values as of)1031202311052026Change
Stock Price ($)4.5813.62197.7%
Change Contribution By: 
Total Revenues ($ Mil)3910 
P/S Multiple0.2∞9.2233720368547763E17%
Shares Outstanding (Mil)19290-93.6%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/5/2026
ReturnCorrelation
GPGI197.7% 
Market (SPY)81.3%36.6%
Sector (XLI)71.8%34.7%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
GPGI Return-19%-40%10%197%58%-29%78%
Peers Return136%50%2%31%6%12%460%
S&P 500 Return27%-19%24%23%16%12%105%

Monthly Win Rates [3]
GPGI Win Rate58%42%58%58%75%36% 
Peers Win Rate68%63%47%53%55%58% 
S&P 500 Win Rate75%42%67%75%67%45% 

Max Drawdowns [4]
GPGI Max Drawdown-27%-49%-37%-18%-29%-59% 
Peers Max Drawdown-28%-37%-25%-29%-26%-26% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: EQT, AR, CNX, RRC, DVN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/5/2026 (YTD)

How Low Can It Go

EventGPGIS&P 500
2025 US Tariff Shock
  % Loss-29.4%-18.8%
  % Gain to Breakeven41.7%23.1%
  Time to Breakeven50 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-32.6%-9.5%
  % Gain to Breakeven48.4%10.5%
  Time to Breakeven107 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-42.0%-24.5%
  % Gain to Breakeven72.5%32.4%
  Time to Breakeven662 days427 days

Compare to EQT, AR, CNX, RRC, DVN

In The Past

GPGI's stock fell -29.4% during the 2025 US Tariff Shock. Such a loss loss requires a 41.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventGPGIS&P 500
2025 US Tariff Shock
  % Loss-29.4%-18.8%
  % Gain to Breakeven41.7%23.1%
  Time to Breakeven50 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-32.6%-9.5%
  % Gain to Breakeven48.4%10.5%
  Time to Breakeven107 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-42.0%-24.5%
  % Gain to Breakeven72.5%32.4%
  Time to Breakeven662 days427 days

Compare to EQT, AR, CNX, RRC, DVN

In The Past

GPGI's stock fell -29.4% during the 2025 US Tariff Shock. Such a loss loss requires a 41.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About GPGI (GPGI)

CompoSecure, Inc. (GPGI) is a long-standing company specializing in the design and manufacture of high-quality financial transaction cards. While offering plastic and composite ID cards, the company is particularly known for its proprietary metal card technology, providing various form factors such as embedded, metal veneer lite, metal veneer, and full metal products.

Beyond traditional payment cards, CompoSecure has expanded into the digital asset security space with its innovative Arculus Cold Storage Wallet. This solution combines a physical Arculus Key card hardware device with a companion Arculus Wallet mobile application, offering a robust three-factor authentication system to securely store private keys for cryptocurrencies and other digital assets.

The company serves a diverse range of clients globally, including major financial institutions, plastic card manufacturers, government agencies, system integrators, and security specialists, leveraging its expertise in secure and sophisticated card technologies.

AI Analysis | Feedback

Here are a few analogies for GPGI:

  • They are the Tiffany & Co. for premium bank cards, designing and manufacturing the high-end metal credit cards issued by financial institutions.
  • They are like Ledger or Trezor for cryptocurrency cold storage wallets, providing a secure hardware solution for digital assets.

AI Analysis | Feedback

  • Financial Transaction Cards: The company manufactures and designs metal, plastic, composite ID, and proprietary financial transaction cards.
  • Arculus Cold Storage Wallet: This is a three-factor authentication solution comprising the Arculus Key card hardware device and companion Arculus Wallet mobile App for securely storing cryptocurrency and digital assets.

AI Analysis | Feedback

Major Customers of GPGI (CompoSecure, Inc.)

GPGI (CompoSecure, Inc.) sells primarily to other companies. Based on the provided description, its major customers fall into the following categories:

  • Financial institutions
  • Plastic card manufacturers
  • Government agencies
  • System integrators
  • Security specialists

The provided company description does not list specific names of customer companies or their public symbols.

AI Analysis | Feedback

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AI Analysis | Feedback

Thomas R. Knott, Principal Executive Officer

Mr. Knott was designated as GPGI's principal executive officer effective January 22, 2026. He also serves as the Chief Investment Officer and a board member for GPGI. Mr. Knott partnered with David Cote in the acquisition of Vertiv and has been involved with CompoSecure and Husky, suggesting a consistent approach to acquiring and growing businesses. He co-led the acquisition of majority ownership in CompoSecure through Resolute Holdings I, LP. This demonstrates a pattern of managing companies and involvement with acquisitions, often with private equity backing given Resolute Holdings Management, Inc.'s role in managing GPGI.

Kurt Schoen, Principal Financial Officer

Mr. Schoen was designated as GPGI's principal financial and accounting officer effective January 22, 2026. He also serves as the Chief Financial Officer of Resolute Holdings. His role with Resolute Holdings, which manages GPGI, Inc., indicates a pattern of managing companies backed by private equity firms.

Graham Robinson, President & Chief Executive Officer, CompoSecure, L.L.C.

Mr. Robinson was appointed President and Chief Executive Officer of the CompoSecure business (an indirect, wholly-owned subsidiary and reporting segment of GPGI) effective January 22, 2026. He is a 30-year industry veteran with extensive global executive experience in the technology and industrial sectors. Most recently, he served as Operating Executive for The Carlyle Group, a private equity firm, and was SVP & Global President of Stanley Black & Decker's Industrial business from 2020 to 2025. Prior to that, he held various leadership positions at Honeywell from 2013 to 2020. His experience includes a strong background in mergers and acquisitions. His background with The Carlyle Group demonstrates a pattern of managing companies backed by private equity firms.

Mary Holt, Chief Financial Officer, CompoSecure, L.L.C.

Ms. Holt was appointed Chief Financial Officer of CompoSecure, L.L.C., effective after the filing of the company's Q3 2025 Quarterly Report (around October 2025). She brings over three decades of financial leadership experience to CompoSecure. Most recently, she served as Senior Vice President of Finance Operations, Utilities and Power SBG at Warren Equity Partners, a private equity firm. Before that, she spent over 17 years at Honeywell in senior finance roles, including Chief Financial Officer positions in multiple divisions, and also held leadership positions at Pfizer and Arthur Andersen. Her experience with Warren Equity Partners indicates a pattern of managing companies backed by private equity firms.

Greg Maes, Chief Operating Officer, CompoSecure, L.L.C.

Mr. Maes serves as the Chief Operating Officer of CompoSecure, L.L.C.

AI Analysis | Feedback

Here are the key risks to GPGI's business:

  1. Substantial Indebtedness and Financial Flexibility: GPGI carries substantial debt, which could limit its operational flexibility, restrict further borrowing, and expose the company to interest rate risk. Its ability to service this debt is dependent on continued strong cash flows. The recent approximately $4.976 billion acquisition of Husky Technologies was largely debt-supported.
  2. High Customer Concentration in the CompoSecure Segment: GPGI Inc.'s CompoSecure business, which manufactures metal payment cards and offers digital asset security solutions, relies heavily on a limited number of key customers. JPMorgan Chase and American Express, for example, comprise more than half of CompoSecure's net sales. The loss of one or more significant clients could materially impact the company's financial performance and lead to a decline in demand for its products.
  3. Evolving Regulatory Landscape and Technological Disruption in Digital Assets and Payment Solutions: GPGI faces risks from the rapidly changing regulatory environment surrounding digital assets, such as its Arculus Cold Storage Wallet, where uncertainties and potential changes in tax laws could impact its growth trajectory. Additionally, the payment and digital asset industries are characterized by rapid technological advancements and intense competition, requiring continuous investment in research and development to maintain its competitive edge against new market entrants and evolving consumer preferences.

AI Analysis | Feedback

The increasing global adoption of digital and mobile payment solutions (e.g., Apple Pay, Google Pay, QR code payment systems) that reduce the necessity of physical financial transaction cards for many purchases.

AI Analysis | Feedback

GPGI (CompoSecure, Inc.) operates in two primary addressable markets:

Metal Payment Cards

The global market size for metal payment cards was estimated at approximately USD 1.82 billion in 2024. This market is projected to grow significantly, reaching an estimated value of USD 8.93 billion by 2033, exhibiting a robust Compound Annual Growth Rate (CAGR) of 19.6% from 2025 to 2033.

Regionally, North America holds a dominant position in this market, accounting for over 38% of the global revenue in 2024.

Arculus Cold Storage Wallet (Cryptocurrency Cold Storage Wallets)

The global market size for crypto cold storage wallets was estimated at approximately USD 1.63 billion (USD 1634.5 million) in 2024. This market is forecast to increase to approximately USD 3.14 billion (USD 3144.8 million) by 2031, with a CAGR of 9.80% from 2024 to 2031.

North America constituted a significant portion of this market in 2024, holding more than 40% of the global revenue with a market size of USD 653.80 million.

AI Analysis | Feedback

Expected Drivers of Future Revenue Growth for GPGI (CompoSecure, Inc.)

Over the next 2-3 years, GPGI (CompoSecure, Inc.) is expected to drive future revenue growth through several key initiatives:

  1. Sustained Domestic Demand for Metal Payment Cards: CompoSecure anticipates continued robust growth in its domestic metal payment card business. This segment has consistently demonstrated strong performance, with domestic net sales for metal payment cards increasing by 9% in Q4 2023. The company is a global leader in premium metal payment cards, maintaining relationships with top U.S. card issuers and a growing base of fintech customers. Approximately 75% of CompoSecure's revenue is recurring, stemming from replacement and reissue cycles, which underpins predictable future demand.
  2. Expansion of the Arculus Digital Authentication Platform: The Arculus digital authentication platform is a significant growth driver, having scaled in 2025 and becoming a growing contributor to revenue. Management expects Arculus to gain further momentum as fintech companies increasingly adopt its innovative technology for integrated security solutions and new card programs. Furthermore, Arculus Authenticate capabilities are being integrated with payment solutions, indicating potential for diversification.
  3. International Growth in Metal Payment Card Markets: CompoSecure is strategically focused on expanding its international presence in the metal payment card market. While international sales can be more variable, the company achieved an 11% increase in international net sales in 2024, reflecting successful market entry strategies. CompoSecure aims for international business to constitute approximately 20% of its total annual net sales mix.
  4. New Customer Acquisition and Program Expansions: The company's ability to continually secure new customer wins and expand existing programs with both traditional banks and fintech clients is a direct driver of revenue growth. CompoSecure has successfully launched several high-profile customer programs, including a new, limited edition payment card and the Robinhood Gold Card.
  5. Operational Efficiencies and Innovation in Card Constructions: While primarily impacting profitability, the implementation of the Resolute Operating System (ROS), also referred to as the CompoSecure Operating System (COS), is expected to drive operational efficiencies and improved production yields, particularly for new and innovative card constructions. These efficiencies can indirectly fuel revenue growth by enabling more competitive pricing, faster product development, and enhanced customer satisfaction, thereby leading to increased market share and adoption of their premium products. The ROS is designed to contribute to over 100 basis points of annual margin expansion and sustained double-digit EBITDA growth.

AI Analysis | Feedback

CompoSecure, Inc., which rebranded as GPGI, Inc. and trades under the symbol GPGI, has made several capital allocation decisions over the last 3-5 years. The company's recent activities highlight a focus on strategic acquisitions and managing its capital structure.

Share Repurchases

  • In February 2025, CompoSecure announced an expansion of its share repurchase program, authorizing up to $100 million in repurchases.
  • By November 3, 2025, CompoSecure had repurchased approximately 648,000 shares for $12.2 million.

Share Issuance

  • For the fiscal year ending December 31, 2025, financing activities generated $120.7 million, largely from the proceeds of equity issuance.
  • In December 2025, CompoSecure's stockholders approved the issuance of Class A Common Stock to facilitate the business combination with Husky Technologies.
  • Upon the close of the Husky acquisition in January 2026, the combined entity was capitalized by an existing over $1 billion equity investment from Mr. Cote, Platinum Equity's $1 billion of rolled equity from Husky, and approximately $2 billion from new private investment in public equity (PIPE). Additionally, holders exercised 18.8 million warrants for about $149.5 million in cash on November 3, 2025.

Inbound Investments

  • The business combination with Husky Technologies, which ultimately led to the formation of GPGI, was partly funded by a private placement of approximately $2.0 billion and an equity rollover of about $1.0 billion from Platinum Equity.
  • David Cote's investment in CompoSecure, made around 2024, has been cited as a factor in the company's operational improvements.

Outbound Investments

  • In November 2025, CompoSecure announced its acquisition of Husky Technologies Limited for approximately $5 billion. This transaction closed in January 2026 and led to CompoSecure rebranding as GPGI, Inc. The combined entity was valued at approximately $7.4 billion.
  • CompoSecure completed the spin-off of its subsidiary, Resolute Holdings Management, Inc. (RHLD), into a separate public company on February 28, 2025.

Capital Expenditures

  • As of November 2025, capital expenditures for CompoSecure Holdings (which includes Husky post-acquisition) were forecasted to be 3%-4% of revenue.

Peer Outperformance in Industrial Machinery & Supplies & Components

GPGI has outperformed 67% of its 70 Industrial Machinery & Supplies & Components peers over 5Y. Industrial Machinery & Supplies & Components ranks 6th of 23 industries in Industrials by median 5Y return.
Share of Industrial Machinery & Supplies & Components constituents that GPGI has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
16%
of 75 industry peers · -38.3% return
3Y
93%
of 73 industry peers · 202.7% return
5Y
67%
of 70 industry peers · 76.1% return
No Industrial Machinery & Supplies & Components peer with a comparable growth profile has beaten GPGI by more than 20pp over 5Y.
Median price return by industry across the Industrials sector, ranked by 5Y. Industrial Machinery & Supplies & Components is GPGI's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Marine Transportation 5 25.1%30.2%102.9% MATX 155% · KEX 103%
Construction Machinery & Heavy Transportation Equipment 13 6.3%55.5%95.0% ALSN 255% · WAB 204% · CAT 192%
Construction & Engineering 29 -21.3%79.9%94.8% FIX 895% · STRL 799% · AGX 526%
Aerospace & Defense 54 -12.6%55.7%49.5% ATI 849% · FTAI 756% · HWM 509%
Trading Companies & Distributors 19 5.6%30.7%33.8% DXPE 276% · AIT 184% · URI 177%
Industrial Machinery & Supplies & Components ← 71 0.3%46.1%29.7% CRS 797% · MLI 298% · SYM 249%
Rail Transportation 7 34.9%53.7%27.8% CSX 54% · UNP 40% · NSC 28%
Diversified Support Services 33 14.8%36.8%21.3% CXW 195% · OPLN 143% · CTAS 115%
Building Products 34 -6.6%9.3%10.6% MOD 714% · GFF 345% · TT 126%
Cargo Ground Transportation 16 27.9%14.6%4.8% XPO 269% · R 250% · ARCB 25%
Industrial Conglomerates 17 14.8%-1.6%-1.3% CSW 103% · CSL 72% · DD 65%
Office Services & Supplies 10 20.8%22.5%-2.6% PBI 158% · TILE 140% · HNI 40%
Electrical Components & Equipment 39 -14.2%56.2%-12.1% POWL 1360% · VRT 543% · BE 424%
Data Processing & Outsourced Services 6 -11.8%5.0%-12.7% EXLS 59% · BR 22% · G -12%
Research & Consulting Services 13 4.9%-15.5%-22.6% HURN 227% · FCN 36% · BAH 14%
Agricultural & Farm Machinery 16 7.2%-7.4%-27.4% BLBD 171% · DE 99% · TTC 15%
Security & Alarm Services 9 -51.2%10.7%-28.0% BCO 65%
Environmental & Facilities Services 29 -31.2%25.5%-28.1% GEO 163% · CLH 162% · RSG 100%
Passenger Airlines 11 2.6%64.1%-34.8% LTM 3100% · UAL 110% · DAL 100%
Air Freight & Logistics 12 -28.8%-7.3%-39.1% FDX 80% · EXPD 60% · CHRW 54%
Human Resource & Employment Services 22 19.2%-6.0%-42.4% ADP 50% · FA 22% · PAYX 13%
Passenger Ground Transportation 3 -14.1%42.9%-57.4% UBER 46% · CAR -57% · LYFT -67%
Airport Services 4 -49.1%-62.8%-86.2% JOBY -47%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

GPGIEQTARCNXRRCDVNMedian
NameGPGI EQT Antero R.CNX Reso.Range Re.Devon En. 
Mkt Price14.1550.9036.3935.3150.2641.8039.09
Mkt Cap4.131.911.25.211.739.211.5
Rev LTM09,3265,8122,1833,39819,6764,605
Op Inc LTM-823,9501,2918631,1464,6781,219
FCF LTM-703,8031,7664827381,4771,108
FCF 3Y Avg332,2641,2454075181,278882
CFO LTM-706,3122,2441,1081,4198,5531,832
CFO 3Y Avg384,5881,5559391,1687,3671,362

Growth & Margins

GPGIEQTARCNXRRCDVNMedian
NameGPGI EQT Antero R.CNX Reso.Range Re.Devon En. 
Rev Chg LTM-100.0%18.2%19.1%7.9%18.1%14.6%16.4%
Rev Chg 3Y Avg-43.3%19.8%6.9%7.6%5.9%5.5%6.4%
Rev Chg Q--8.4%17.2%-7.2%19.7%73.1%17.2%
QoQ Delta Rev Chg LTM--1.6%3.5%-1.5%4.0%18.9%3.5%
Op Inc Chg LTM-270.7%35.2%76.1%26.2%46.6%11.0%30.7%
Op Inc Chg 3Y Avg-106.8%256.5%1,027.5%84.3%36.6%-8.3%60.5%
Op Mgn LTM-42.4%22.2%39.5%33.7%23.8%33.7%
Op Mgn 3Y Avg-23.8%12.6%28.4%25.2%26.2%25.2%
QoQ Delta Op Mgn LTM--0.4%1.2%-0.3%0.7%4.9%0.7%
CFO/Rev LTM-67.7%38.6%50.7%41.8%43.5%43.5%
CFO/Rev 3Y Avg-61.4%30.6%50.1%40.8%42.2%42.2%
FCF/Rev LTM-40.8%30.4%22.1%21.7%7.5%22.1%
FCF/Rev 3Y Avg-27.6%24.6%20.7%17.6%7.7%20.7%

Valuation

GPGIEQTARCNXRRCDVNMedian
NameGPGI EQT Antero R.CNX Reso.Range Re.Devon En. 
Mkt Cap4.131.911.25.211.739.211.5
P/S-3.41.92.43.52.02.4
P/Op Inc-49.98.18.76.010.28.48.2
P/EBIT-14.47.85.84.09.78.36.8
P/E-13.012.08.15.713.211.910.0
P/CFO-58.75.05.04.78.34.64.8
Total Yield-8.0%9.7%12.3%17.7%8.4%10.2%9.9%
Dividend Yield0.0%1.3%0.0%0.0%0.8%2.0%0.4%
FCF Yield 3Y Avg21.8%7.4%12.5%8.9%6.1%4.3%8.2%
D/E0.00.20.40.50.10.30.2
Net D/E-0.00.20.40.50.10.30.2

Returns

GPGIEQTARCNXRRCDVNMedian
NameGPGI EQT Antero R.CNX Reso.Range Re.Devon En. 
1M Rtn7.4%-2.7%1.9%6.2%25.6%-13.0%4.1%
3M Rtn-5.5%-1.0%4.3%0.5%30.6%-2.4%-0.3%
6M Rtn9.4%-8.9%0.1%-1.7%23.6%-6.5%-0.8%
12M Rtn-35.9%-8.0%10.8%3.8%36.9%32.5%7.3%
3Y Rtn214.5%25.3%25.7%63.6%46.5%-1.3%36.1%
1M Excs Rtn12.1%-0.9%3.8%5.6%27.6%-11.3%4.7%
3M Excs Rtn-4.7%-0.3%5.7%1.4%32.5%-1.2%0.5%
6M Excs Rtn4.4%-13.7%-4.7%-6.5%18.8%-11.2%-5.6%
12M Excs Rtn-47.1%-21.1%-3.0%-10.5%23.5%18.5%-6.8%
3Y Excs Rtn122.7%-58.1%-59.7%-20.8%-39.0%-82.2%-48.6%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Equity Method Investment in CompoSecure Holdings, LLC402    
Corporate60    
Elimination of Unconsolidated Affiliate-402    
All others 000 
Arculus 1121 
Payment card 410389377 
Single Segment    268
Total60421391378268


Operating Income by Segment
$ Mil2025
Equity Method Investment in CompoSecure Holdings, LLC136
Corporate-14
Elimination of Unconsolidated Affiliate-136
Total-14


Net Income by Segment
$ Mil2025202420232022
Equity Method Investment in CompoSecure Holdings, LLC129   
Elimination of Unconsolidated Affiliate-129   
Corporate-265   
All others -199221
Arculus -5-15-22
Payment card 120126133
Total-265-83113132


Assets by Segment
$ Mil202520242023
Corporate517  
Equity Method Investment in CompoSecure Holdings, LLC324  
Elimination of Unconsolidated Affiliate-324  
All others 27228
Arculus 63
Eliminations -36-13
Payment card 233182
Total517474201


Price Behavior

Price Behavior
Market Price$13.62 
Market Cap ($ Bil)3.9 
First Trading Date11/19/2020 
Distance from 52W High-47.6% 
   50 Days200 Days
DMA Price$12.49$15.58
DMA Trenddowndown
Distance from DMA9.0%-12.6%
 3M1YR
Volatility57.9%63.6%
Downside Capture278.52306.94
Upside Capture196.87203.76
Correlation (S&P 500)43.3%47.3%
GPGI Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta2.412.512.782.622.261.39
Up Beta-2.94-0.083.163.532.761.40
Down Beta1.762.051.940.431.161.04
Up Capture277%279%272%364%325%469%
Bmk +ve Days12182862130427
Stock +ve Days12212859116376
Down Capture294%304%291%250%173%110%
Bmk -ve Days10253664121325
Stock -ve Days10223565132361

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GPGI
GPGI-35.7%63.6%-0.43-
Sector ETF (XLI)7.4%17.8%0.2440.2%
Equity (SPY)9.5%13.6%0.4141.0%
Gold (GLD)3.6%28.7%0.1122.0%
Commodities (DBC)37.7%21.2%1.40-30.2%
Real Estate (VNQ)12.0%14.2%0.5525.4%
Bitcoin (BTCUSD)-20.8%43.3%-0.4224.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GPGI
GPGI12.0%53.3%0.40-
Sector ETF (XLI)10.8%17.7%0.4528.8%
Equity (SPY)11.3%17.3%0.4830.3%
Gold (GLD)17.5%19.1%0.7410.4%
Commodities (DBC)8.0%19.6%0.29-2.3%
Real Estate (VNQ)1.2%18.9%-0.0518.9%
Bitcoin (BTCUSD)5.9%51.5%0.2919.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GPGI
GPGI6.2%49.1%0.38-
Sector ETF (XLI)12.9%20.1%0.5627.1%
Equity (SPY)14.9%18.0%0.7029.3%
Gold (GLD)12.0%16.5%0.599.9%
Commodities (DBC)7.6%18.1%0.33-2.0%
Real Estate (VNQ)5.7%20.7%0.2318.1%
Bitcoin (BTCUSD)61.3%66.2%1.0116.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity28.1 Mil
Short Interest: % Change Since 93020260.7%
Average Daily Volume1.4 Mil
Days-to-Cover Short Interest19.8 days
Basic Shares Quantity289.9 Mil
Short % of Basic Shares9.7%

Earnings Returns History

Updated 11/5/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/6/2026-1.6%-12.7%-8.3%
5/7/2026-25.9%-30.5%-31.9%
3/12/2026-11.1%-10.1%-18.0%
11/3/20253.4%4.2%-0.5%
8/7/202521.7%35.1%34.7%
5/12/20253.3%4.1%15.6%
3/5/2025-3.8%-8.7%-11.6%
11/8/2024-10.8%-10.8%2.3%
...
SUMMARY STATS   
# Positive998
# Negative101011
Median Positive8.5%5.2%11.6%
Median Negative-6.6%-9.9%-9.9%
Max Positive29.2%47.4%57.0%
Max Negative-25.9%-30.5%-31.9%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/6/2026-1.6%-12.7%-8.3%
5/7/2026-25.9%-30.5%-31.9%
3/12/2026-11.1%-10.1%-18.0%
11/3/20253.4%4.2%-0.5%
8/7/202521.7%35.1%34.7%
5/12/20253.3%4.1%15.6%
3/5/2025-3.8%-8.7%-11.6%
11/8/2024-10.8%-10.8%2.3%
8/7/202429.2%47.4%57.0%
5/6/20243.9%-9.7%-9.9%
3/6/202426.0%27.7%46.2%
11/9/2023-9.0%-3.0%-13.3%
8/14/2023-0.3%-3.1%-6.0%
5/3/2023-5.1%-2.3%-8.5%
3/1/2023-5.3%3.1%7.5%
11/2/20228.1%0.2%3.7%
8/4/20228.5%5.2%-2.3%
5/9/2022-7.8%-11.3%-10.9%
3/10/202213.9%13.7%0.8%
SUMMARY STATS   
# Positive998
# Negative101011
Median Positive8.5%5.2%11.6%
Median Negative-6.6%-9.9%-9.9%
Max Positive29.2%47.4%57.0%
Max Negative-25.9%-30.5%-31.9%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/06/202610-Q
03/31/202605/07/202610-Q
12/31/202503/12/202610-K
09/30/202511/03/202510-Q
06/30/202508/07/202510-Q
03/31/202505/12/202510-Q
12/31/202403/05/202510-K
09/30/202411/08/202410-Q
06/30/202408/09/202410-Q
03/31/202405/06/202410-Q
12/31/202303/12/202410-K
09/30/202311/13/202310-Q
06/30/202308/14/202310-Q
03/31/202305/05/202310-Q
12/31/202203/10/202310-K
09/30/202211/04/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/06/202610-Q
03/31/202605/07/202610-Q
12/31/202503/12/202610-K
09/30/202511/03/202510-Q
06/30/202508/07/202510-Q
03/31/202505/12/202510-Q
12/31/202403/05/202510-K
09/30/202411/08/202410-Q
06/30/202408/09/202410-Q
03/31/202405/06/202410-Q
12/31/202303/12/202410-K
09/30/202311/13/202310-Q
06/30/202308/14/202310-Q
03/31/202305/05/202310-Q
12/31/202203/10/202310-K
09/30/202211/04/202210-Q
06/30/202208/09/202210-Q
03/31/202205/10/202210-Q
12/31/202103/14/202210-K

Recent Forward Guidance

Updated 11/5/2026

Latest: Q3 2026 Earnings Reported 11/5/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q4 2026 Pro Forma Adjusted Net SalesReported630.00 Mil645.00 Mil660.00 Mil   
Q4 2026 Pro Forma Adjusted Net Sales GrowthReported 1.0%    
Q4 2026 Pro Forma Adjusted EBITDAReported178.00 Mil193.00 Mil208.00 Mil   
Q4 2026 Pro Forma Adjusted EBITDA GrowthReported 8.0%    
Q4 2026 Pro Forma Adjusted EBITDA MarginReported27.0%28.0%29.0%   
Q4 2026 Pro Forma Adjusted Free Cash FlowReported77.00 Mil102.00 Mil127.00 Mil   
2026 Non-GAAP Year-End Net LTM LeverageReported 3.5 16.7% RaisedGuidance: 3 for 2026
2026 Pro Forma Adjusted Net SalesReported2.03 Bil2.05 Bil2.06 Bil1.2% RaisedGuidance: 2.02 Bil for 2026
2026 Pro Forma Adjusted Net Sales GrowthReported 1.0%    
2026 Husky Pro Forma Adjusted Net SalesReported1.49 Bil1.51 Bil1.52 Bil   
2026 Pro Forma Adjusted EBITDAReported520.00 Mil535.00 Mil550.00 Mil-7.8% LoweredGuidance: 580.00 Mil for 2026
2026 Pro Forma Adjusted EBITDA GrowthReported -2.0%    
2026 Pro Forma Adjusted EBITDA MarginReported25.0%26.0%27.0%   
2026 Husky Pro Forma Adjusted EBITDAReported320.00 Mil332.50 Mil345.00 Mil   
2026 Pro Forma Adjusted Free Cash FlowReported250.00 Mil275.00 Mil300.00 Mil-8.3% LoweredGuidance: 300.00 Mil for 2026


Prior: Q2 2026 Earnings Reported 8/6/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Non-GAAP year-end Net LTM LeverageReported 3 0 AffirmedGuidance: 3 for 2026
2026 Pro Forma Adjusted Net SalesReported1.95 Bil2.02 Bil2.10 Bil0 AffirmedGuidance: 2.02 Bil for 2026
2026 Pro Forma Adjusted EBITDAReported550.00 Mil580.00 Mil610.00 Mil0 AffirmedGuidance: 580.00 Mil for 2026
2026 Pro Forma Adjusted Free Cash FlowReported275.00 Mil300.00 Mil325.00 Mil0 AffirmedGuidance: 300.00 Mil for 2026

Q1 2026 Earnings Reported 5/7/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q2 2026 Adjusted Net SalesReported425.00 Mil450.00 Mil475.00 Mil   
Q2 2026 Adjusted EBITDAReported105.00 Mil112.50 Mil120.00 Mil   
2026 Non-GAAP year-end Net LTM LeverageReported 3 0.0% AffirmedGuidance: 3 for 2026
2026 Pro Forma Adjusted Net SalesReported1.95 Bil2.02 Bil2.10 Bil-8.2% LoweredGuidance: 2.21 Bil for 2026
2026 Pro Forma Adjusted EBITDAReported550.00 Mil580.00 Mil610.00 Mil-8.7% LoweredGuidance: 635.00 Mil for 2026
2026 Pro Forma Adjusted Free Cash FlowReported275.00 Mil300.00 Mil325.00 Mil-14.3% LoweredGuidance: 350.00 Mil for 2026

Q4 2025 Earnings Reported 3/12/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Non-GAAP Year-end Net LTM LeverageReported 3    
2026 Pro Forma Adj. Net SalesReported2.18 Bil2.21 Bil2.23 Bil332.5% RaisedGuidance: 510.00 Mil for 2026
2026 Pro Forma Adj. EBITDAReported620.00 Mil635.00 Mil650.00 Mil234.2% RaisedGuidance: 190.00 Mil for 2026
2026 Pro Forma Adj. Free Cash FlowReported325.00 Mil350.00 Mil375.00 Mil   

Insider Activity

Updated 6/15/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Knott, Thomas RSee remarksDirectBuy615202611.6785,250994,8681,508,348Form
2Moriarty, Kevin M DirectBuy528202612.643,95650,000897,576Form
3Loree, Rebecca CorbinDirectBuy514202612.873,92550,515813,641Form
4Thompson, Jane JDirectSell318202616.9113,667231,1091,417,278Form
5Thompson, Jane JDirectSell318202616.9113,667231,1091,417,278Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Knott, Thomas RSee remarksDirectBuy615202611.6785,250994,8681,508,348Form
2Moriarty, Kevin M DirectBuy528202612.643,95650,000897,576Form
3Loree, Rebecca CorbinDirectBuy514202612.873,92550,515813,641Form
4Thompson, Jane JDirectSell318202616.9113,667231,1091,417,278Form
5Thompson, Jane JDirectSell318202616.9113,667231,1091,417,278Form
6Schoen, KurtSee remarksDirectBuy318202617.003,00051,00051,000Form
7Cote, John DSpouseBuy318202617.105,80099,18099,180Form
8Knott, Thomas RSee remarksDirectBuy318202617.0844,000751,520751,520Form
9Loree, Rebecca Corbin DirectBuy902202519.095,240100,007100,007Form
10Maes, GregoireChief Operating OfficerDirectSell815202519.3697,2261,882,29515,082,640Form
11Maes, GregoireChief Operating OfficerDirectSell815202519.2619,899383,25515,004,734Form
12Gourbault, Amanda MandyChief Revenue OfficerDirectSell814202519.0285,3651,623,64215,209,685Form
13Moriarty, Kevin M DirectBuy813202519.2813,000250,640250,640Form
14Fitzsimmons, Timothy WalterChief Financial OfficerDirectSell813202518.74100,0001,874,00014,238,446Form

Investor Activity (13F)

Updated Nov 6, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Corsair Capital Management, L.P.$144.8 Mil21.5%151ADD +101.7%13F
Nine Ten Capital Management LLC$49.7 Mil15.8%8ADD +20.1%13F
Bleichroeder LP$67.9 Mil11.7%81Hold13F
Locust Wood Capital Advisers, LLC$235.7 Mil6.4%27ADD +55.5%13F
Tikvah Management LLC$17.3 Mil5.3%21TRIM -32.9%13F
Chescapmanager LLC$18.2 Mil2.9%20ADD +128.8%13F
BWCP, LP$18.1 Mil2.8%27New13F
Starboard Value LP$86.0 Mil1.9%23New13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Starboard Value LP$86.0 Mil1.9%23New13F
BWCP, LP$18.1 Mil2.8%27New13F
Chescapmanager LLC$18.2 Mil2.9%20ADD +128.8%13F
Corsair Capital Management, L.P.$144.8 Mil21.5%151ADD +101.7%13F
Locust Wood Capital Advisers, LLC$235.7 Mil6.4%27ADD +55.5%13F
Nine Ten Capital Management LLC$49.7 Mil15.8%8ADD +20.1%13F
Active ManagerValue% of PortfolioTotal PositionsQoQAs OfFiling
Progeny 3, Inc.$24.4 Mil1.3%37ExitedDec 31, 202513F
Woodson Capital Management, LP$14.3 Mil2.2%28ExitedDec 31, 202513F
Tikvah Management LLC$17.3 Mil5.3%21TRIM -32.9%Mar 31, 202613F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Locust Wood Capital Advisers, LLC$235.7 Mil6.4%27ADD +55.5%13F
Corsair Capital Management, L.P.$144.8 Mil21.5%151ADD +101.7%13F
Starboard Value LP$86.0 Mil1.9%23New13F
Bleichroeder LP$67.9 Mil11.7%81Hold13F
Nine Ten Capital Management LLC$49.7 Mil15.8%8ADD +20.1%13F
Chescapmanager LLC$18.2 Mil2.9%20ADD +128.8%13F
BWCP, LP$18.1 Mil2.8%27New13F
Tikvah Management LLC$17.3 Mil5.3%21TRIM -32.9%13F
Core Cache Last Updated: 11/5/2026