Packaging Corporation of America (PKG)

NYSE Materials Paper & Plastic Packaging Products & Materials S&P 500

$249.70

+0.90 (+0.36%)

Close of Nov 06, 2026 · end-of-day data

Source: Packaging Corporation of America's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$5.78B	$6.44B	$7.01B	$6.96B	$6.66B	$7.73B	$8.48B	$7.80B	$8.38B	$8.99B
Cost of revenue	$4.50B	$4.97B	$5.37B	$5.32B	$5.29B	$5.86B	$6.39B	$6.10B	$6.60B	$7.10B
Gross profit	$1.28B	$1.47B	$1.65B	$1.64B	$1.37B	$1.87B	$2.09B	$1.70B	$1.78B	$1.89B
Research & development	$13.30M	$12.80M	$14.40M	$16.00M	$15.50M	$14.50M	—	—	—	—
Selling, general & admin	$468.50M	$519.90M	$536.40M	$557.60M	$539.60M	$576.80M	$608.60M	$580.90M	$610.30M	$634.20M
Operating income	$783.30M	$932.50M	$1.07B	$1.05B	$723.90M	$1.24B	$1.42B	$1.08B	$1.10B	$1.11B
Pre-tax income	$688.50M	$828.60M	$970.50M	$917.00M	$632.70M	$1.11B	$1.36B	$1.01B	$1.06B	$1.03B
Income tax	$238.90M	$160.00M	$232.50M	$220.60M	$171.70M	$267.60M	$335.00M	$248.90M	$259.30M	$253.70M
Net income	$449.60M	$668.60M	$738.00M	$696.40M	$461.00M	$841.10M	$1.03B	$765.20M	$805.10M	$774.10M
EBITDA	$1.14B	$1.32B	$1.48B	$1.44B	$1.13B	$1.66B	$1.88B	$1.59B	$1.63B	$1.76B
EPS (basic)	$4.76	$7.09	$7.82	$7.36	$4.86	$8.87	$11.08	$8.52	$8.97	$8.61
EPS (diluted)	$4.75	$7.07	$7.80	$7.34	$4.84	$8.83	$11.03	$8.48	$8.93	$8.58
Diluted shares	93.70M	93.70M	93.90M	94.10M	94.40M	94.50M	92.70M	89.50M	89.50M	89.60M
Gross margin	22.1%	22.8%	23.5%	23.6%	20.6%	24.2%	24.7%	21.8%	21.3%	21.0%
Operating margin	13.6%	14.5%	15.2%	15.1%	10.9%	16.1%	16.8%	13.8%	13.1%	12.3%
Net margin	7.8%	10.4%	10.5%	10.0%	6.9%	10.9%	12.1%	9.8%	9.6%	8.6%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$239.30M	$216.90M	$361.50M	$679.50M	$974.60M	$618.70M	$320.00M	$648.00M	$685.00M	$529.00M
Short-term investments	—	—	—	$87.90M	$105.60M	$86.10M	$85.20M	$493.50M	$102.00M	$71.80M
Receivables	$689.20M	$830.70M	$901.90M	$845.60M	$832.40M	$1.07B	$1.03B	$1.03B	$1.14B	$1.26B
Inventory	$723.60M	$762.50M	$795.60M	$794.10M	$787.90M	$902.50M	$977.30M	$1.01B	$1.12B	$1.24B
Total current assets	$1.70B	$1.92B	$2.12B	$2.48B	$2.75B	$2.73B	$2.51B	$3.25B	$3.23B	$3.21B
Goodwill	$737.90M	$883.20M	$917.30M	$918.70M	$863.50M	$923.50M	$922.40M	$922.40M	$922.40M	$1.37B
Total assets	$5.78B	$6.20B	$6.57B	$7.24B	$7.43B	$7.84B	$8.00B	$8.68B	$8.83B	$10.73B
Total current liabilities	$625.40M	$832.70M	$693.60M	$723.80M	$782.60M	$884.80M	$875.50M	$1.27B	$1.00B	$1.02B
Short-term debt	$25.80M	$150.00M	$0	$0	$0	—	$0	$399.60M	$0	—
Long-term debt	$2.62B	$2.48B	$2.48B	$2.48B	$2.48B	$2.47B	$2.47B	$2.47B	$2.47B	$3.97B
Total debt	$2.65B	$2.63B	$2.48B	$2.48B	$2.48B	$2.47B	$2.47B	$2.87B	$2.47B	$3.97B
Total liabilities	$4.02B	$4.01B	$3.90B	$4.16B	$4.19B	$4.23B	$4.34B	$4.68B	$4.43B	$6.13B
Shareholders' equity	$1.76B	$2.18B	$2.67B	$3.07B	$3.25B	$3.61B	$3.67B	$4.00B	$4.40B	$4.60B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$806.90M	$856.10M	$1.18B	$1.21B	$1.03B	$1.09B	$1.50B	$1.32B	$1.19B	$1.56B
Capital expenditures	$274.30M	$343.00M	$551.40M	$399.50M	$421.20M	$605.10M	$824.20M	$469.70M	$669.70M	$828.90M
Free cash flow	$532.60M	$513.10M	$628.70M	$807.90M	$611.60M	$489.00M	$670.80M	$845.40M	$521.50M	$728.60M
Investing cash flow	-$769.60M	-$609.10M	-$608.20M	-$546.60M	-$426.10M	-$794.40M	-$833.70M	-$875.10M	-$277.80M	-$2.57B
Financing cash flow	$17.80M	-$269.40M	-$427.30M	-$342.80M	-$311.60M	-$655.60M	-$960.00M	-$112.00M	-$876.40M	$859.40M
Dividends paid	$216.10M	$237.60M	$268.10M	$298.70M	$299.60M	$379.80M	$420.30M	$448.90M	$448.80M	$449.60M
Share buybacks	$100.30M	—	—	$0	$0	$193.00M	$522.60M	$41.50M	$0	$153.00M
Stock-based compensation	$19.70M	$20.60M	$23.50M	$30.40M	$30.00M	$35.50M	$35.60M	$40.00M	$48.80M	$45.20M
Depreciation & amortization	$358.00M	$391.40M	$410.90M	$387.50M	$410.00M	$417.50M	$456.80M	$517.70M	$525.60M	$652.80M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$1.94B	$1.98B	$2.08B	$2.18B	$2.15B	$2.14B	$2.17B	$2.31B	$2.36B	$2.37B	$2.49B	$2.60B
Cost of revenue	$1.53B	$1.61B	$1.64B	$1.68B	$1.68B	$1.69B	$1.69B	$1.81B	$1.92B	$1.91B	$1.98B	$2.00B
Gross profit	$410.10M	$370.40M	$437.70M	$505.20M	$469.70M	$454.70M	$483.00M	$504.30M	$447.50M	$452.90M	$512.50M	$603.90M
Selling, general & admin	$142.80M	$151.90M	$149.50M	$162.00M	$147.00M	$161.40M	$153.20M	$154.30M	$165.30M	$180.30M	$179.30M	$182.70M
Operating income	$261.50M	$196.00M	$276.00M	$327.10M	$302.20M	$280.30M	$333.70M	$324.50M	$168.50M	$251.30M	$291.20M	$385.30M
Pre-tax income	$248.50M	$187.50M	$266.70M	$318.60M	$291.60M	$267.40M	$320.60M	$305.20M	$134.50M	$219.80M	$259.00M	$354.20M
Income tax	$59.30M	$40.60M	$67.80M	$80.50M	$70.50M	$63.60M	$79.10M	$78.30M	$32.70M	$48.90M	$66.90M	$91.90M
Net income	$189.20M	$146.90M	$198.90M	$238.10M	$221.10M	$203.80M	$241.50M	$226.90M	$101.80M	$170.90M	$192.10M	$262.30M
EBITDA	$381.90M	$324.40M	$404.50M	$459.80M	$438.20M	$418.30M	$474.40M	$477.10M	$390.10M	$476.50M	$467.50M	$566.60M
EPS (basic)	$2.11	$1.64	$2.22	$2.65	$2.46	$2.27	$2.68	$2.52	$1.13	$1.92	$2.16	$2.94
EPS (diluted)	$2.10	$1.63	$2.21	$2.64	$2.45	$2.26	$2.67	$2.51	$1.13	$1.91	$2.15	$2.93
Diluted shares	0	89.40M	89.50M	89.50M	0	89.60M	89.70M	89.70M	-100.00K	89.10M	89.00M	89.00M
Gross margin	21.2%	18.7%	21.1%	23.1%	21.9%	21.2%	22.2%	21.8%	18.9%	19.1%	20.6%	23.2%
Operating margin	13.5%	9.9%	13.3%	15.0%	14.1%	13.1%	15.4%	14.0%	7.1%	10.6%	11.7%	14.8%
Net margin	9.8%	7.4%	9.6%	10.9%	10.3%	9.5%	11.1%	9.8%	4.3%	7.2%	7.7%	10.1%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$648.00M	$692.40M	$613.60M	$676.60M	$685.00M	$751.70M	$787.90M	$634.00M	$529.00M	$397.10M	$442.80M	$534.60M
Short-term investments	$493.50M	$492.30M	$490.80M	$95.00M	$102.00M	$91.40M	$92.40M	$94.70M	$71.80M	$146.60M	$151.00M	$150.30M
Receivables	$1.03B	$1.05B	$1.15B	$1.22B	$1.14B	$1.16B	$1.20B	$1.35B	$1.26B	$1.34B	$1.43B	$1.48B
Inventory	$1.01B	$1.00B	$1.03B	$1.06B	$1.12B	$1.14B	$1.14B	$1.28B	$1.24B	$1.26B	$1.26B	$1.31B
Total current assets	$3.25B	$3.45B	$3.48B	$3.24B	$3.23B	$3.30B	$3.34B	$3.50B	$3.21B	$3.26B	$3.42B	$3.57B
Goodwill	$922.40M	$922.40M	$922.40M	$922.40M	$922.40M	$922.40M	$922.40M	$1.20B	$1.37B	$1.38B	$1.42B	$1.42B
Total assets	$8.68B	$8.86B	$8.98B	$8.75B	$8.83B	$8.97B	$9.04B	$10.98B	$10.73B	$10.78B	$11.02B	$11.24B
Total current liabilities	$1.27B	$1.40B	$1.43B	$1.10B	$1.00B	$1.01B	$943.00M	$1.11B	$1.02B	$1.06B	$1.16B	$1.24B
Short-term debt	$399.60M	$399.80M	$399.90M	$0	$0	—	—	—	—	—	—	—
Long-term debt	$2.47B	$2.47B	$2.47B	$2.47B	$2.47B	$2.47B	$2.48B	$3.97B	$3.97B	$3.97B	$3.97B	$3.97B
Total debt	$2.87B	$2.87B	$2.87B	$2.47B	$2.47B	$2.47B	$2.48B	$3.97B	$3.97B	$3.97B	$3.97B	$3.97B
Total liabilities	$4.68B	$4.83B	$4.86B	$4.49B	$4.43B	$4.47B	$4.41B	$6.22B	$6.13B	$6.19B	$6.35B	$6.43B
Shareholders' equity	$4.00B	$4.03B	$4.13B	$4.26B	$4.40B	$4.50B	$4.63B	$4.76B	$4.60B	$4.59B	$4.66B	$4.81B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$335.30M	$260.40M	$278.30M	$327.10M	$325.40M	$339.10M	$299.60M	$472.20M	$446.60M	$329.30M	$376.00M	$471.60M
Capital expenditures	$141.10M	$76.70M	$245.00M	$146.70M	$201.30M	$148.10M	$169.70M	$192.10M	$319.00M	$164.70M	$205.90M	$247.30M
Free cash flow	$194.20M	$183.70M	$33.30M	$180.40M	$124.10M	$191.00M	$129.90M	$280.10M	$127.60M	$164.60M	$170.10M	$224.30M
Investing cash flow	-$544.00M	-$81.00M	-$242.80M	$249.30M	-$203.30M	-$144.20M	-$142.80M	-$2.00B	-$285.50M	-$260.90M	-$216.60M	-$245.20M
Financing cash flow	$283.50M	-$135.00M	-$114.30M	-$513.40M	-$113.70M	-$128.20M	-$120.60M	$1.37B	-$266.10M	-$200.30M	-$113.70M	-$134.60M
Dividends paid	$112.00M	$112.00M	$112.20M	$112.30M	$112.30M	$112.30M	$112.40M	$112.40M	$112.50M	$111.90M	$111.30M	$133.70M
Share buybacks	$0	—	—	—	$0	$0	$0	$0	$153.00M	$58.80M	$0	$0
Stock-based compensation	$7.50M	$19.40M	$9.80M	$10.40M	$9.20M	$17.80M	$10.30M	$8.50M	$8.60M	$15.30M	$17.00M	$15.10M
Depreciation & amortization	$120.40M	$128.40M	$128.50M	$132.70M	$136.00M	$138.00M	$140.70M	$152.60M	$221.60M	$225.20M	$176.30M	$181.30M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.