Packaging Corp of America (PKG)
Packaging Corporation of America manufactures and sells containerboard and uncoated freesheet (UFS) paper products in North America. The company operates through Packaging and Paper segments. The Packaging segment offers various linerboard and corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging products, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products. This segment sells its corrugated products through a direct sales and marketing organization. The Paper segment manufactures and sells commodity and specialty papers, as well as communication papers, including cut-size office papers, and printing and converting papers; and white papers. This segment sells papers through its sales and marketing organization. Packaging Corporation of America was founded in 1867 and is headquartered in Lake Forest, Illinois.
- Symbol
- PKG
- Exchange
- NYSE
- Sector
- Consumer Cyclical
- Industry
- Packaging & Containers
- Market cap
- $20.23B
- 52 week range
- 191.5 - 259.98
Valuation
- Share price
- $228.54 (close of 2026-10-02)
- P/E (TTM)
- 29.53x
- Price to book
- 4.34x
- Price to free cash flow
- 27.24x
- Enterprise value
- $24.19B
- Book value per share
- $52.68
Price performance
| Period | Change |
|---|---|
| 1 day | -0.51% |
| 5 days | -3.64% |
| 1 month | -2.14% |
| 3 months | -4.06% |
| 6 months | +11.78% |
| Year to date | +10.82% |
| 1 year | +5.98% |
| 3 years | +49.10% |
| 5 years | +64.24% |
| 10 years | +181.25% |
| All time | +1804.50% |
Members of Congress who disclosed PKG trades
April McClain Delaney · Julie Johnson
Super investors holding PKG
Ken Griffin (Citadel) · Harry Burn (Sound Shore Management)
Profitability and growth
- Return on equity
- 16.84%
- Return on invested capital
- 10.12%
- Return on assets
- 7.22%
- Return on capital employed
- 11.40%
- Gross margin
- 21.02%
- Net margin
- 8.61%
- EBITDA margin
- 19.58%
- Revenue growth
- 7.23%
- Net income growth
- -3.85%
- Free cash flow growth
- 39.71%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 3.67%
- Current ratio
- 2.94x
- Net debt to EBITDA
- 2.18x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $8.99B
- Cost of revenue
- $7.10B
- Gross profit
- $1.89B
- EBITDA
- $1.76B
- Net income
- $774.10M
- Earnings per share
- $8.61
- Shares outstanding
- 89.30M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|---|---|---|---|
| 2025-12-31 | $8.99B | $1.89B | $774.10M | $8.61 |
| 2024-12-31 | $8.38B | $1.78B | $805.10M | $8.97 |
| 2023-12-31 | $7.80B | $1.70B | $765.20M | $8.52 |
| 2022-12-31 | $8.48B | $2.09B | $1.03B | $11.08 |
| 2021-12-31 | $7.73B | $1.87B | $841.10M | $8.87 |
| 2020-12-31 | $6.66B | $1.37B | $461.00M | $4.86 |
| 2019-12-31 | $6.96B | $1.64B | $696.40M | $7.36 |
| 2018-12-31 | $7.01B | $1.65B | $738.00M | $7.82 |
| 2017-12-31 | $6.44B | $1.47B | $668.60M | $7.09 |
| 2016-12-31 | $5.78B | $1.28B | $449.60M | $4.76 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-12-31 | 21.02% | 8.61% | 16.84% | 10.12% |
| 2024-12-31 | 21.27% | 9.60% | 18.28% | 12.97% |
| 2023-12-31 | 21.77% | 9.81% | 19.14% | 12.67% |
| 2022-12-31 | 24.66% | 12.15% | 28.08% | 17.68% |
| 2021-12-31 | 24.23% | 10.88% | 23.32% | 17.02% |
| 2020-12-31 | 20.57% | 6.92% | 14.20% | 11.02% |
| 2019-12-31 | 23.61% | 10.00% | 22.68% | 16.25% |
| 2018-12-31 | 23.46% | 10.52% | 27.62% | 17.35% |
| 2017-12-31 | 22.82% | 10.37% | 30.63% | 16.81% |
| 2016-12-31 | 22.08% | 7.78% | 25.55% | 13.07% |
Cash and debt by year
| Period end | Cash | Debt |
|---|---|---|
| 2025-12-31 | $529.00M | $3.97B |
| 2024-12-31 | $685.00M | $2.47B |
| 2023-12-31 | $648.00M | $2.47B |
| 2022-12-31 | $320.00M | $2.47B |
| 2021-12-31 | $618.70M | $2.47B |
| 2020-12-31 | $974.60M | $2.48B |
| 2019-12-31 | $679.50M | $2.48B |
| 2018-12-31 | $361.50M | $2.48B |
| 2017-12-31 | $216.90M | $2.48B |
| 2016-12-31 | $239.30M | $2.62B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2025-12-31 | $728.60M | $45.20M |
| 2024-12-31 | $521.50M | $48.80M |
| 2023-12-31 | $845.40M | $40.00M |
| 2022-12-31 | $670.80M | $35.60M |
| 2021-12-31 | $489.00M | $35.50M |
| 2020-12-31 | $611.60M | $30.00M |
| 2019-12-31 | $807.90M | $30.40M |
| 2018-12-31 | $628.70M | $23.50M |
| 2017-12-31 | $513.10M | $20.60M |
| 2016-12-31 | $532.60M | $19.70M |
Dividend history
- Most recent payment
- 2026-09-15
- Paid in the last twelve months
- $5.50
| Payment date | Dividend per share |
|---|---|
| 2026-09-15 | $1.50 |
| 2026-06-15 | $1.50 |
| 2026-03-13 | $1.25 |
| 2025-12-15 | $1.25 |
| 2025-09-15 | $1.25 |
| 2025-06-13 | $1.25 |
| 2025-03-14 | $1.25 |
| 2024-12-20 | $1.25 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-21
- Consensus EPS estimate
- $2.94
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-07-22 | Jun/2026 | $2.31 |
| 2026-04-22 | Mar/2026 | $2.17 |
| 2026-01-27 | Dec/2025 | $2.41 |
| 2025-10-22 | Sep/2025 | $2.83 |
| 2025-07-23 | Jun/2025 | $2.44 |
| 2025-04-22 | Mar/2025 | $2.21 |
| 2025-01-28 | Dec/2024 | $2.51 |
| 2024-10-22 | Sep/2024 | $2.48 |
Filings and sources
- Company website
- packagingcorp.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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