P 
Packaging Corp of America PKG · USD
Materials · Containers & Packaging · US listing · 🇺🇸 United States
S&P 500
254.41
+1.89%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$8.99bn
FY2016FY2025
Net income
$768.9m
FY2016FY2025
Free cash flow
$728.6m
FY2016FY2025
Shareholders' equity
$4.60bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.99bn | $8.38bn | $7.80bn | $8.48bn | $7.73bn | $6.66bn | $6.96bn | $7.01bn | $5.78bn | $5.78bn |
| Gross profit | $1.89bn | $1.78bn | $1.70bn | $2.09bn | $1.87bn | $1.39bn | $1.64bn | $1.65bn | $1.28bn | $1.28bn |
| Research and development | — | — | — | — | $14.5m | $15.5m | $16.0m | $14.4m | $13.3m | $13.3m |
| Operating income | $1.26bn | $1.10bn | $1.08bn | $1.42bn | $1.28bn | $841.6m | $1.05bn | $1.07bn | $780.3m | $780.3m |
| Net income | $768.9m | $805.1m | $765.2m | $1.03bn | $841.1m | $461.0m | $696.4m | $738.0m | $449.0m | $449.6m |
| Diluted earnings per share | 8.58 | 9.00 | 8.54 | 11.33 | 8.90 | 4.85 | 7.36 | 7.85 | 4.79 | 4.80 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $10.92bn | $8.83bn | $8.68bn | $8.00bn | $7.84bn | $7.43bn | $7.24bn | $6.57bn | $5.78bn | $5.78bn |
| Cash and short-term investments | $600.8m | $787.0m | $1.14bn | $405.2m | $704.8m | $1.08bn | $767.4m | $361.5m | — | $239.3m |
| Total liabilities | $6.33bn | $4.43bn | $4.68bn | $4.34bn | $4.23bn | $4.19bn | $4.16bn | $3.90bn | $3.39bn | $4.02bn |
| Debt | $4.07bn | $2.48bn | $2.88bn | $2.49bn | $2.49bn | $2.50bn | $2.49bn | $2.50bn | $2.62bn | $2.67bn |
| Shareholders' equity | $4.60bn | $4.40bn | $4.00bn | $3.67bn | $3.61bn | $3.25bn | $3.07bn | $2.67bn | $2.39bn | $1.76bn |
| Shares outstanding | 90m | 90m | 90m | 91m | 95m | 95m | 95m | 94m | 94m | 94m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $1.56bn | $1.19bn | $1.32bn | $1.50bn | $1.09bn | $1.03bn | $1.21bn | $1.18bn | $801.2m | $801.2m |
| Capital spending | −$828.9m | −$669.7m | −$469.7m | −$824.2m | −$605.1m | −$421.2m | −$399.5m | −$551.4m | −$274.3m | −$274.3m |
| Free cash flow | $728.6m | $521.5m | $845.4m | $670.8m | $489.0m | $611.6m | $807.9m | $628.7m | $526.9m | $526.9m |
| Dividends paid | −$449.6m | −$448.8m | −$448.9m | −$420.3m | −$379.8m | −$299.6m | −$298.7m | −$268.1m | — | −$216.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.49bn | $2.37bn | $2.36bn | $2.31bn | $2.17bn | $2.14bn | $2.15bn | $2.18bn |
| Gross profit | $512.5m | $452.9m | $447.5m | $504.3m | $483.0m | $454.7m | $469.7m | $505.2m |
| Operating income | $333.2m | $272.6m | $282.2m | $324.5m | $333.7m | $280.3m | $302.2m | $327.1m |
| Net income | $192.1m | $170.9m | $101.1m | $226.9m | $241.5m | $203.8m | $221.1m | $238.1m |
| Diluted earnings per share | 2.16 | 1.92 | 1.13 | 2.53 | 2.70 | 2.27 | 2.47 | 2.66 |
| Cash from operations | $376.0m | $329.0m | $446.0m | $472.0m | $299.0m | $339.0m | $325.0m | $327.0m |
| Capital spending | −$205.0m | −$164.0m | −$319.0m | −$192.0m | −$169.0m | −$148.0m | −$201.0m | −$146.0m |
| Free cash flow | $171.0m | $165.0m | $127.0m | $280.0m | $130.0m | $191.0m | $124.0m | $181.0m |
| Total assets | $11.02bn | $10.78bn | $10.92bn | $10.98bn | $9.04bn | $8.97bn | $8.83bn | $8.75bn |
| Cash and short-term investments | $593.8m | $543.7m | $600.8m | $728.7m | $880.3m | $843.1m | $787.0m | $771.6m |
| Debt | $4.08bn | $4.07bn | $4.07bn | $4.07bn | $2.57bn | $2.57bn | $2.56bn | $2.56bn |
| Shareholders' equity | $4.66bn | $4.59bn | $4.60bn | $4.76bn | $4.63bn | $4.50bn | $4.40bn | $4.26bn |
Financial ratios
Data as of 25 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 21.0% | 21.3% | 21.8% | 24.7% | 24.2% | 20.8% | — | — | — | — |
| Operating margin | 14.0% | 13.1% | 13.8% | 16.8% | 16.6% | 12.6% | — | — | — | — |
| Net margin | 8.6% | 9.6% | 9.8% | 12.1% | 10.9% | 6.9% | — | — | — | — |
| Return on equity | 16.7% | 18.3% | 19.1% | 28.1% | 23.3% | 14.2% | — | — | — | — |
| Return on assets | 7.0% | 9.1% | 8.8% | 12.9% | 10.7% | 6.2% | — | — | — | — |
| Free cash flow yield | 11.2% | 8.7% | 8.4% | 10.7% | 7.5% | 6.4% | — | — | — | — |
| Revenue growth | 7.2% | 7.4% | -8.0% | 9.7% | 16.1% | -4.4% | — | — | — | — |
| Earnings growth | -4.5% | 5.2% | -25.7% | 22.4% | 82.5% | -33.8% | — | — | — | — |
| Current ratio | 3.17x | 3.23x | 2.57x | 2.86x | 3.09x | 3.51x | — | — | — | — |
| Debt to equity | 0.89x | 0.58x | 0.74x | 0.69x | 0.70x | 0.79x | — | — | — | — |
| Equity ratio | 42.1% | 49.9% | 46.0% | 45.8% | 46.0% | 43.7% | — | — | — | — |
| Interest coverage | 15.87x | 26.60x | 20.17x | 20.18x | 8.42x | 9.00x | — | — | — | — |
| R&D as a share of sales | — | — | — | — | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% |
| Buybacks as a share of market value | -0.1% | 0.1% | 1.4% | 3.9% | 0.5% | -0.4% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.0% | 6.2% | 4.6% |
| Operating income | -4.0% | 8.3% | 5.3% |
| Net income | -9.3% | 10.8% | 5.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.1% | 22.2% | 22.3% | 22.4% |
| Operating margin | 13.6% | 14.4% | 14.5% | 14.4% |
| Net margin | 9.1% | 10.0% | 9.7% | 9.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 24.0 | 25.0 | 19.1 | 11.3 | 15.3 | 28.4 | 15.2 | 10.6 | 25.2 | 17.7 |
| Price to sales | 2.1 | 2.4 | 1.9 | 1.4 | 1.7 | 2.0 | 1.5 | 1.1 | 2.0 | 1.4 |
Market value over time
31 Oct 2016 to 24 Sept 2026, in USD
$7.75bn$21.19bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -12% | 39% | 28% | -0% | -4% | 19% | 33% | -29% | 38% | 39% |
Dividends and splits
Per share, in the currency the company pays
Paid for 23 years. Last went ex-dividend on 15 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 4.25 | 5.00 | 5.00 | 5.00 | 4.75 | 4.00 | 3.37 | 3.16 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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