Friday 6 November 2026 Export PKG’s income statement to Excel — free account

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%

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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

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Packaging Corporation of America (PKG) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Packaging	8,294	92.26%
Paper	615	6.85%
Corporate and Other	80	0.89%
Gross margin		21.02%
Operating margin		12.31%
Pre-tax margin		11.43%

Revenue by product or service $m

Line	FY2021	FY2020	FY2019	FY2018	FY2017
Trade	7,730 100.00%	6,658 100.00%	6,964 100.00%	7,015 100.00%	6,445 100.00%
Revenue	7,730	6,658	6,964	7,015	6,445

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Packaging	8,294 92.26%	7,691 91.74%	7,136 91.45%	7,781 91.78%	7,053 91.23%	5,920 88.91%	5,932 85.18%	5,939 84.66%	5,312 82.43%	4,585 79.34%	4,474 77.92%	4,540 77.58%	3,432 93.63%	2,844 100.00%	2,620 100.00%
Paper	615 6.85%	625 7.45%	595 7.63%	622 7.34%	600 7.76%	675 10.13%	964 13.85%	1,002 14.28%	1,052 16.32%	1,094 18.93%	1,143 19.91%	1,201 20.53%	217 5.92%	0 0.00%	0 0.00%
Corporate and Other	80 0.89%	68 0.81%	71 0.92%	75 0.89%	78 1.01%	64 0.96%	68 0.97%	74 1.06%	81 1.25%	100 1.74%	125 2.17%	262 4.47%	45 1.23%	0 0.00%	0 0.00%
Corporate And Other With Eliminations	—	—	—	—	78 1.01%	64 0.96%	68 0.97%	74 1.06%	81 1.25%	100 1.74%	121 2.11%	111 1.89%	17 0.46%	0 0.00%	0 0.00%
Intersegment Eliminations	—	—	—	—	—	—	—	—	—	—	—	(151) (2.57%)	(28) (0.77%)	—	0 0.00%
Eliminations	—	—	—	—	(78) (1.01%)	(64) (0.96%)	(68) (0.97%)	(74) (1.06%)	(81) (1.25%)	(100) (1.74%)	(121) (2.11%)	(111) (1.89%)	—	—	—
Revenue	8,989	8,383	7,802	8,478	7,730	6,658	6,964	7,015	6,445	5,779	5,742	5,853	3,665	2,844	2,620

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Packaging	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Paper	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and Other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Containerboard inventory	Q2 FY2026	40.0K	38.0K	+5.26%
Containerboard production	Q3 FY2026	1.5M	1.3M	+18.65%
Corrugated products plants and related facilities	Q3 FY2026	90.00	93.00	−3.23%
Corrugated products shipments per day including the acquired business	Q1 FY2026	21.8%	—	—
Paper segment sales volume	Q2 FY2026	6.30%	—	—
Shipments per day	Q1 FY2026	2.80%	—	—
Total corrugated products shipments	Q3 FY2026	10.6%	—	—

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023
Containerboard inventory	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Containerboard production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corrugated products plants and related facilities	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corrugated products shipments per day including the acquired business	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Paper segment sales volume	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Shipments per day	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total corrugated products shipments	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.