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.

Price · PKG

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$8.99B	$8.38B	$7.80B	$8.48B	$7.73B	$6.66B
Cost of Revenue	$7.10B	$6.60B	$6.10B	$6.39B	$5.86B	$5.29B
Gross Profit	$1.89B	$1.78B	$1.70B	$2.09B	$1.87B	$1.37B
R&D	-	-	-	-	$14.50M	$15.50M
SG&A	$634.20M	$610.30M	$580.90M	$608.60M	$576.80M	$539.60M
Total Operating Expenses	-	$71.50M	$42.90M	$61.30M	$54.80M	$50.70M
D&A	$652.80M	$525.60M	$517.70M	$456.80M	$417.50M	$410.00M
Operating Income	$1.11B	$1.10B	$1.08B	$1.42B	$1.24B	$723.90M
Interest Expense	-	-	-	-	-	-
Income Tax	$253.70M	$259.30M	$248.90M	$335.00M	$267.60M	$171.70M
Net Income	$774.10M	$805.10M	$765.20M	$1.03B	$841.10M	$461.00M
EPS - Basic	$8.61	$8.97	$8.52	$11.08	$8.87	$4.86
EPS - Diluted	$8.58	$8.93	$8.48	$11.03	$8.83	$4.84

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$529.00M	$685.00M	$648.00M	$320.00M	$618.70M	$974.60M
Accounts Receivable	$1.26B	$1.14B	$1.03B	$1.03B	$1.07B	$832.40M
Inventory	$1.24B	$1.12B	$1.01B	$977.30M	$902.50M	$787.90M
Accounts Payable	$471.40M	$430.30M	$402.40M	$410.40M	$452.40M	$387.00M
Current Assets	$3.21B	$3.23B	$3.25B	$2.51B	$2.73B	$2.75B
Total Assets	$10.73B	$8.83B	$8.68B	$8.00B	$7.84B	$7.43B
Current Liabilities	$1.02B	$1.00B	$1.27B	$875.50M	$884.80M	$782.60M
Long-term Debt	$3.97B	$2.47B	$2.47B	$2.47B	$2.47B	$2.48B
Total Liabilities	-	-	-	-	-	-
Stockholders' Equity	$4.60B	$4.40B	$4.00B	$3.67B	$3.61B	$3.25B
Retained Earnings	$3.93B	$3.78B	$3.45B	$3.19B	$3.10B	$2.84B

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$1.56B	$1.19B	$1.32B	$1.50B	$1.09B	$1.03B
Investing Cash Flow	($2.57B)	($277.80M)	($875.10M)	($833.70M)	($794.40M)	($426.10M)
Financing Cash Flow	$859.40M	($876.40M)	($112.00M)	($960.00M)	($655.60M)	($311.60M)
CapEx	$828.90M	$669.70M	$469.70M	$824.20M	$605.10M	$421.20M
Free Cash Flow	$728.60M	$521.50M	$845.40M	$670.80M	$489.00M	$611.60M

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	21.0%	21.3%	21.8%	24.7%	24.2%	20.6%
Operating margin	12.3%	13.1%	13.8%	16.8%	16.1%	10.9%
EBITDA margin	19.6%	19.4%	20.4%	22.1%	21.5%	17.0%
Net margin	8.6%	9.6%	9.8%	12.1%	10.9%	6.9%
Free cash flow margin	8.1%	6.2%	10.8%	7.9%	6.3%	9.2%
FCF / Net income	0.94	0.65	1.10	0.65	0.58	1.33
R&D / Revenue	-	-	-	-	0.2%	0.2%
SG&A / Revenue	7.1%	7.3%	7.4%	7.2%	7.5%	8.1%
Effective tax rate	24.7%	24.4%	24.5%	24.5%	24.1%	27.1%
Return on assets	7.2%	9.1%	8.8%	12.9%	10.7%	6.2%
Return on equity	16.8%	18.3%	19.1%	28.1%	23.3%	14.2%
Return on invested capital	9.7%	12.1%	12.5%	17.5%	15.5%	9.2%
Liquidity
Current ratio	3.17	3.23	2.57	2.86	3.09	3.51
Quick ratio	1.94	2.10	1.77	1.75	2.07	2.51
Cash ratio	0.52	0.68	0.51	0.37	0.70	1.25
Leverage
Debt / Equity	0.86	0.56	0.62	0.67	0.69	0.76
Debt / Assets	0.37	0.28	0.28	0.31	0.32	0.33
Debt / EBITDA	2.25	1.52	1.55	1.32	1.49	2.19
Interest coverage	-	-	-	-	-	-
Equity multiplier	2.33	2.01	2.17	2.18	2.17	2.29
Liabilities / Assets	-	-	-	-	-	-
Efficiency
Asset turnover	0.84	0.95	0.90	1.06	0.99	0.90
Inventory turnover	5.71	5.87	6.02	6.54	6.49	6.71
Days sales outstanding	51d	50d	48d	44d	51d	46d
Days inventory outstanding	64d	62d	61d	56d	56d	54d
Days payable outstanding	24d	24d	24d	23d	28d	27d
Cash conversion cycle	91d	88d	85d	77d	79d	73d
Valuation
P / E	24.0x	25.2x	19.2x	11.6x	15.4x	28.5x
P / B	4.0x	4.6x	3.6x	3.2x	3.6x	4.0x
P / S	2.1x	2.4x	1.9x	1.4x	1.7x	2.0x
EV / EBITDA	12.5x	13.5x	10.3x	7.5x	8.9x	12.8x
Growth
Revenue growth (YoY)	7.2%	7.4%	-8.0%	9.7%	16.1%	-4.4%
Revenue CAGR (3y)	2.0%	2.7%	5.4%	6.8%	10.2%	1.1%
Revenue CAGR (5y)	6.2%	3.8%	6.2%	5.6%	6.0%	3.0%
Gross profit growth (YoY)	6.0%	5.0%	-18.7%	11.6%	36.8%	-16.7%
Operating income growth (YoY)	0.5%	2.4%	-24.3%	14.4%	71.5%	-31.3%
Net income growth (YoY)	-3.9%	5.2%	-25.7%	22.4%	82.5%	-33.8%
EPS growth (YoY)	-3.9%	5.3%	-23.1%	24.9%	82.4%	-34.1%
EPS CAGR (3y)	-8.0%	0.4%	20.6%	14.5%	4.2%	-11.9%
EPS CAGR (5y)	12.1%	4.0%	1.7%	9.3%	13.2%	1.6%
FCF growth (YoY)	39.7%	-38.3%	26.0%	37.2%	-20.0%	-24.3%
FCF CAGR (5y)	3.6%	-8.4%	6.1%	5.5%	-1.5%	6.4%
Book value growth (YoY)	4.4%	10.2%	9.0%	1.7%	11.1%	5.7%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$8.99B total

Packaging$8.29B · 92.3%

Paper$615.40M · 6.8%

Corporate And Other$80.00M · 0.9%

Product / service

$8.52B total

Trade$8.29B · 97.4%

Intersegment$154.10M · 1.8%

Fiber$71.40M · 0.8%

Geographic

$377.90M total

Foreign Operations$377.90M · 100.0%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

4/9

Neutral

✓Net income positive
✓Operating cash flow positive
✗ROA improved YoY
✓Cash flow > net income
✗Long-term debt decreased
✗Current ratio improved
✓No share dilution
✗Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Paperboard Containers & Boxes

Company	Revenue (last FY)	Net margin	ROE
SON	$7.52B	13.3%	27.8%
SW	$31.18B	2.2%	3.8%
GPK	$8.62B	5.2%	13.3%
WRK	-	-	-
DSS	$20.76M	-115.3%	2876.1%

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