Packaging Corporation of America

PKG Consumer Cyclical Packaging & Containers

Packaging Corporation of America’s revenue for fiscal 2025 (year ended December 2025) was $9.0 billion, up 7.23% from fiscal 2024.

Revenue
+12.5%
EPS
+16.7%
Free cash flow
+5.30%
Total debt
+60.1%

Quarter to September 2026, against a year earlier

248.02 11.15 −4.30%
Market cap
$22.2B
P/E
30.4×
Fwd P/E
26.2×
Dividend yield
2.22%
F-score
3/9
Altman Z
3.74
Beneish M
−2.64
Dividend safety
73/100

Packaging Corporation of America (PKG) Gross margin

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Packaging Corporation of America's gross margin over the twelve months to 30 September 2026 was 20.5%, down 0.5 percentage points from fiscal 2025 (21.0%). Over the past ten years it has ranged from 20.6% (fiscal 2020) to 24.7% (fiscal 2022); the current reading is higher than 18% of that period. That is in line with the Packaging & Containers industry median of 20.1% and below the Consumer Cyclical sector median of 34.3%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 21.0% (0.25)
FY2024 21.3% (0.50)
FY2023 21.8% (2.89)
FY2022 24.7% 0.43
FY2021 24.2% 3.66
FY2020 20.6% (3.04)
FY2019 23.6% 0.15
FY2018 23.5% 0.64
FY2017 22.8% 0.74
FY2016 22.1% 1.04

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 23.2% 2.63
Jun 2026 20.6% 1.45
Mar 2026 19.1% 0.19
Dec 2025 18.9% (2.86)
43 more quarters

Against its own ten years

Low 20.6% High 24.7%
Ten-year median 22.1%
Current reading's percentile 7

Gross margin against peers

Company Gross margin
IP International Paper Company compare 29.8%
AVY Avery Dennison Corporation compare 28.8%
REYN Reynolds Consumer Products Inc. compare 25.1%
PKG Packaging Corporation of America 20.5%
SON Sonoco Products Company compare 20.2%
AMCR Amcor PLC compare 20.0%
BALL Ball Corporation compare 17.8%
SW Smurfit Westrock PLC compare 17.4%
CCK Crown Holdings, Inc. compare 16.8%
Packaging & Containers industry median 20.1%
Consumer Cyclical sector median 34.3%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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