PKG · Packaging Corp of America - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.37B | - | $2.31B | $2.17B | $2.14B | - | $2.18B | $2.08B | $1.98B | - |
| Cost of Revenue | $1.91B | - | $1.81B | $1.69B | $1.69B | - | $1.68B | $1.64B | $1.61B | - |
| Gross Profit | $452.90M | - | $504.30M | $483.00M | $454.70M | - | $505.20M | $437.70M | $370.40M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $180.30M | - | $154.30M | $153.20M | $161.40M | - | $162.00M | $149.50M | $151.90M | - |
| Total Operating Expenses | - | - | - | - | $13.00M | - | $16.10M | $12.20M | $22.50M | - |
| D&A | $225.20M | - | $132.70M | $128.50M | $128.40M | - | $122.70M | $118.70M | $118.10M | - |
| Operating Income | $251.30M | - | $324.50M | $333.70M | $280.30M | - | $327.10M | $276.00M | $196.00M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $48.90M | - | $78.30M | $79.10M | $63.60M | - | $80.50M | ($67.80M) | $40.60M | - |
| Net Income | $170.90M | - | $226.90M | $241.50M | $203.80M | - | $238.10M | $198.90M | $146.90M | - |
| EPS - Basic | $1.92 | - | $2.52 | $2.68 | $2.27 | - | $2.65 | $2.22 | $1.64 | - |
| EPS - Diluted | $1.91 | - | $2.51 | $2.67 | $2.26 | - | $2.64 | $2.21 | $1.63 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $397.10M | $529.00M | $634.00M | $787.90M | $751.70M | $685.00M | $676.60M | $613.60M | $692.40M | $648.00M |
| Accounts Receivable | $1.34B | $1.26B | $1.35B | $1.20B | $1.16B | $1.14B | $1.22B | $1.15B | $1.05B | $1.03B |
| Inventory | $1.26B | $1.24B | $1.28B | $1.14B | $1.14B | $1.12B | $1.06B | $1.03B | $1.00B | $1.01B |
| Accounts Payable | $557.00M | $471.40M | $554.20M | $490.70M | $480.90M | $430.30M | $459.90M | $474.50M | $449.60M | $402.40M |
| Current Assets | $3.26B | $3.21B | $3.50B | $3.34B | $3.30B | $3.23B | $3.24B | $3.48B | $3.45B | $3.25B |
| Total Assets | $10.78B | $10.73B | $10.98B | $9.04B | $8.97B | $8.83B | $8.75B | $8.98B | $8.86B | $8.68B |
| Current Liabilities | $1.06B | $1.02B | $1.11B | $943.00M | $1.01B | $1.00B | $1.10B | $1.43B | $1.40B | $1.27B |
| Long-term Debt | $3.97B | $3.97B | $3.97B | $2.48B | $2.47B | $2.47B | $2.47B | $2.47B | $2.47B | $2.47B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $4.59B | $4.60B | $4.76B | $4.63B | $4.50B | $4.40B | $4.26B | $4.13B | $4.03B | $4.00B |
| Retained Earnings | $3.91B | $3.93B | $4.09B | $3.97B | $3.85B | $3.78B | $3.67B | $3.54B | $3.46B | $3.45B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $329.30M | - | - | - | $339.10M | - | - | - | $260.40M | - |
| Investing Cash Flow | ($260.90M) | - | - | - | ($144.20M) | - | - | - | ($81.00M) | - |
| Financing Cash Flow | ($200.30M) | - | - | - | ($128.20M) | - | - | - | ($135.00M) | - |
| CapEx | $164.70M | - | - | - | $148.10M | - | - | - | $76.70M | - |
| Free Cash Flow | $164.60M | - | - | - | $191.00M | - | - | - | $183.70M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 19.1% | - | 21.8% | 22.2% | 21.2% | - | 23.1% | 21.1% | 18.7% | - |
| Operating margin | 10.6% | - | 14.0% | 15.4% | 13.1% | - | 15.0% | 13.3% | 9.9% | - |
| EBITDA margin | 20.1% | - | 19.8% | 21.3% | 19.1% | - | 20.6% | 19.0% | 15.9% | - |
| Net margin | 7.2% | - | 9.8% | 11.1% | 9.5% | - | 10.9% | 9.6% | 7.4% | - |
| Free cash flow margin | 7.0% | - | - | - | 8.9% | - | - | - | 9.3% | - |
| FCF / Net income | 0.96 | - | - | - | 0.94 | - | - | - | 1.25 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 7.6% | - | 6.7% | 7.1% | 7.5% | - | 7.4% | 7.2% | 7.7% | - |
| Effective tax rate | 22.2% | - | 25.7% | 24.7% | 23.8% | - | 25.3% | -51.7% | 21.7% | - |
| Return on assets | 1.6% | - | 2.1% | 2.7% | 2.3% | - | 2.7% | 2.2% | 1.7% | - |
| Return on equity | 3.7% | - | 4.8% | 5.2% | 4.5% | - | 5.6% | 4.8% | 3.6% | - |
| Return on invested capital | 2.3% | - | 2.8% | 3.5% | 3.1% | - | 3.6% | 4.2% | 2.4% | - |
| Liquidity | ||||||||||
| Current ratio | 3.07 | 3.17 | 3.16 | 3.54 | 3.28 | 3.23 | 2.95 | 2.43 | 2.46 | 2.57 |
| Quick ratio | 1.88 | 1.94 | 2.00 | 2.32 | 2.15 | 2.10 | 1.98 | 1.71 | 1.74 | 1.77 |
| Cash ratio | 0.37 | 0.52 | 0.57 | 0.84 | 0.75 | 0.68 | 0.61 | 0.43 | 0.49 | 0.51 |
| Leverage | ||||||||||
| Debt / Equity | 0.86 | 0.86 | 0.83 | 0.53 | 0.55 | 0.56 | 0.58 | 0.60 | 0.61 | 0.62 |
| Debt / Assets | 0.37 | 0.37 | 0.36 | 0.27 | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 |
| Debt / EBITDA | 8.33 | - | 8.68 | 5.36 | 6.06 | - | 5.50 | 6.27 | 7.87 | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.35 | 2.33 | 2.31 | 1.95 | 1.99 | 2.01 | 2.05 | 2.18 | 2.20 | 2.17 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.22 | - | 0.21 | 0.24 | 0.24 | - | 0.25 | 0.23 | 0.22 | - |
| Inventory turnover | 1.52 | - | 1.42 | 1.47 | 1.48 | - | 1.58 | 1.59 | 1.60 | - |
| Days sales outstanding | 206d | - | 213d | 201d | 198d | - | 203d | 201d | 193d | - |
| Days inventory outstanding | 240d | - | 258d | 247d | 247d | - | 231d | 229d | 228d | - |
| Days payable outstanding | 106d | - | 112d | 106d | 104d | - | 100d | 106d | 102d | - |
| Cash conversion cycle | 340d | - | 359d | 342d | 341d | - | 334d | 325d | 318d | - |
| Valuation | ||||||||||
| P / E | 111.1x | - | 86.8x | 70.6x | 87.6x | - | 81.6x | 82.6x | 116.4x | - |
| P / B | 4.1x | - | 4.1x | 3.6x | 3.9x | - | 4.5x | 4.0x | 4.2x | - |
| P / S | 8.0x | - | 8.5x | 7.8x | 8.3x | - | 8.8x | 7.9x | 8.6x | - |
| EV / EBITDA | 47.2x | - | 50.0x | 40.2x | 47.6x | - | 46.9x | 46.1x | 59.7x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 10.6% | - | 6.0% | 4.6% | 8.2% | - | 12.7% | 6.3% | 0.2% | - |
| Revenue CAGR (3y) | 6.2% | - | 2.9% | -1.0% | 0.1% | - | 3.0% | 3.4% | 3.1% | - |
| Revenue CAGR (5y) | 5.6% | - | 6.4% | 7.1% | 4.6% | - | 4.5% | 3.4% | 2.7% | - |
| Gross profit growth (YoY) | -0.4% | - | -0.2% | 10.3% | 22.8% | - | 22.4% | -1.6% | -14.1% | - |
| Operating income growth (YoY) | -10.3% | - | -0.8% | 20.9% | 43.0% | - | 26.5% | -3.0% | -27.6% | - |
| Net income growth (YoY) | -16.1% | - | -4.7% | 21.4% | 38.7% | - | 30.0% | -1.9% | -22.7% | - |
| EPS growth (YoY) | -15.5% | - | -4.9% | 20.8% | 38.7% | - | 30.0% | -1.3% | -22.7% | - |
| EPS CAGR (3y) | -3.3% | - | -3.6% | -5.9% | -5.8% | - | 0.1% | 0.6% | -2.3% | - |
| EPS CAGR (5y) | 1.8% | - | 11.4% | 35.2% | 8.7% | - | 6.9% | 1.6% | -3.7% | - |
| FCF growth (YoY) | -13.8% | - | - | - | 4.0% | - | - | - | 9.3% | - |
| FCF CAGR (5y) | 9.1% | - | - | - | 2.8% | - | - | - | 3.2% | - |
| Book value growth (YoY) | 2.0% | 4.4% | 11.5% | 12.2% | 11.6% | 10.2% | 9.7% | 7.2% | 7.3% | 9.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$8.99B totalPackaging$8.29B · 92.3%
Paper$615.40M · 6.8%
Corporate And Other$80.00M · 0.9%
Product / service
$8.52B totalTrade$8.29B · 97.4%
Intersegment$154.10M · 1.8%
Fiber$71.40M · 0.8%
Geographic
$377.90M totalForeign Operations$377.90M · 100.0%
Peer comparison
Same SIC group: Paperboard Containers & Boxes
Comparing PACKAGING CORP OF AMERICA against the 5 most active filers in the same SIC group.
Dividends
$5.00/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| Mar 13, 2026 | $1.2500 |
| Dec 15, 2025 | $1.2500 |
| Sep 15, 2025 | $1.2500 |
| Jun 13, 2025 | $1.2500 |
| Mar 14, 2025 | $1.2500 |
| Dec 20, 2024 | $1.2500 |
| Sep 16, 2024 | $1.2500 |
| Jun 14, 2024 | $1.2500 |
| Mar 14, 2024 | $1.2500 |
| Dec 15, 2023 | $1.2500 |
| Sep 22, 2023 | $1.2500 |
| Jun 14, 2023 | $1.2500 |
| Mar 14, 2023 | $1.2500 |
| Dec 16, 2022 | $1.2500 |
| Sep 30, 2022 | $1.2500 |
| Jun 14, 2022 | $1.2500 |
| Mar 14, 2022 | $1.0000 |
| Dec 17, 2021 | $1.0000 |
| Sep 14, 2021 | $1.0000 |
| Jun 14, 2021 | $1.0000 |
| Mar 12, 2021 | $1.0000 |
| Dec 18, 2020 | $1.0000 |
| Sep 14, 2020 | $0.7900 |
| Jun 12, 2020 | $0.7900 |