Monday 19 October 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. In the quarter to June 2026, revenue grew 14.7%, EPS fell 19.4%, free cash flow grew 5.30% and total debt rose 60.1%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.

235.47 0.53 −0.22%

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Market cap: $21.0B
P/E: 30.5×
Fwd P/E: 24.2×
Dividend yield: 2.33%
F-score: 3/9
Altman Z: 3.74
Beneish M: −2.64
Dividend safety: 73/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Impairment Dec 4, 2025

All filings →

Insider Decisions trades per month

Total sells 15.00

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	1	—	—	1	—	—	3	—	—

Insider Ownership 2.73%

Capital & Financial Ratios $m

Market Cap 21,030.00

Revenue 9,534.70

Net Income 691.80

Free Cash Flow 744.10

Net Debt 3,378.90

Current Ratio 2.94

Debt/Equity 0.85

P/E ratio 30.53

Fwd P/E 24.20

P/S ratio 2.19

P/B ratio 4.48

Past 5Y EPS Growth 12.13%

This Y EPS Growth 6.37%

Next Y EPS Growth 34.80%

Next Y revenue growth 49.50%

Next 5Y EPS Growth 14.20%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 98.67%

10-year low 10-year high

P/S against its own 10 years 90.90%

10-year low 10-year high

P/B against its own 10 years 78.11%

10-year low 10-year high

EV/Sales against its own 10 years 93.25%

10-year low 10-year high

EV/FCF against its own 10 years 90.23%

10-year low 10-year high

Dividends

Payout Ratio 0.71

Annual Dividend Rate 5.50

Annual Dividend Yield 2.33%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	7.09	1.25 1.50 1.50
2025	6.70	1.25 1.25 1.25 1.25
2024	5.00	1.25 1.25 1.25 1.25
2023	5.00	1.25 1.25 1.25 1.25
2022	4.75	1.00 1.25 1.25 1.25
2021	4.00	1.00 1.00 1.00 1.00
2020	3.37	0.79 0.79 0.79 1.00
2019	3.16	0.79 0.79 0.79 0.79
2018	3.00	0.63 0.79 0.79 0.79
2017	2.52	0.63 0.63 0.63 0.63
2016	2.36	0.55 0.55 0.63 0.63

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,142	787	601	594
Receivables	1,038	1,154	1,284	1,463
Inventory	1,013	1,125	1,243	1,262
Other	—	—	—	—
	3,254	3,233	3,214	3,424

	2023	2024	2025	Q'26
Payables	402	430	471	617
ST’ Debt	400	—	—	—
Other	—	—	—	—
	1,266	1,002	1,015	1,164

Compound Annual Growth %

	10y	5y	3y
Sales	4.58%	6.19%	1.97%
Cash Flow	7.32%	8.56%	1.37%
Earnings	5.94%	10.95%	(9.05%)
Book Value	10.90%	7.21%	7.83%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	2,368	2,490	—	—	—
’25	2,141	2,171	2,313	2,364	8,989
’24	1,980	2,075	2,182	2,146	8,383
’23	1,976	1,952	1,936	1,938	7,802
’22	2,136	2,237	2,126	1,978	8,478
’21	1,807	1,880	2,000	2,043	7,730
’20	1,709	1,542	1,694	1,714	6,658

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	329	376	—	—	—
’25	339	300	472	447	1,558
’24	260	278	327	325	1,191
’23	280	360	340	335	1,315
’22	325	319	431	420	1,495
’21	192	228	284	391	1,094
’20	237	227	298	271	1,033

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	165	171	—	—	—
’25	192	162	280	128	762
’24	184	34	181	125	523
’23	168	234	251	194	847
’22	112	135	252	173	673
’21	107	99	134	157	497
’20	166	150	196	104	616

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.91	2.15	—	—	—
’25	2.26	2.67	2.51	1.13	8.58
’24	1.63	2.21	2.64	2.45	8.93
’23	2.11	2.24	2.03	2.10	8.48
’22	2.70	3.20	2.80	2.31	11.03
’21	1.75	2.17	2.63	2.28	8.83
’20	1.49	0.59	1.46	1.30	4.84

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	44.32	84.01	77.90	81.87	71.05	124.78	110.56	122.20	159.57	172.72	Analyst estimates 2026–2028 Powerpack
	High	88.41	121.38	131.13	114.78	138.95	156.54	168.50	171.61	250.82	242.68
People
People	Employees	14,000	14,600	15,000	15,500	15,200	15,200	15,100	14,900	15,400	16,800
	Revenue/emp, $m	0.41	0.44	0.47	0.45	0.44	0.51	0.56	0.52	0.54	0.54
Income, $m
Income, $m	Revenue	5,779	6,445	7,015	6,964	6,658	7,730	8,478	7,802	8,383	8,989
	Gross margin, %	22.08	22.82	23.46	23.61	20.57	24.23	24.66	21.77	21.27	21.02
	EBT	689	829	971	917	633	1,109	1,365	1,014	1,064	1,028
	EBT margin, %	11.91	12.86	13.84	13.17	9.50	14.34	16.10	13.00	12.70	11.43
	Net income	450	669	738	696	461	841	1,030	765	805	774
	Depreciation	366	401	420	411	468	422	459	520	528	658
Per share, $
Per share, $	Revenue	61.81	68.93	74.86	74.25	70.76	82.15	91.85	87.57	94.09	100.66
	Earnings	4.75	7.09	7.82	7.36	4.86	8.87	11.08	8.52	8.97	8.61
	Cash flow	8.63	9.16	12.59	12.87	10.98	11.63	16.20	14.76	13.37	17.44
	Capex	(2.93)	(3.49)	(5.87)	(4.22)	(4.43)	(6.35)	(8.91)	(5.25)	(7.50)	(8.91)
	Free cash flow	5.70	5.67	6.73	8.66	6.55	5.28	7.29	9.51	5.87	8.53
	Book value	18.82	23.34	28.52	32.74	34.50	38.33	39.73	44.86	49.43	51.49
	Shares, m	94	94	94	94	94	94	92	89	89	89
Valuation, ×
Valuation, ×	P/E	17.89	17.43	10.67	15.20	28.32	15.37	11.67	19.24	25.10	24.01
	P/S	1.38	1.79	1.11	1.51	1.95	1.66	1.41	1.87	2.39	2.05
	P/B	4.52	5.30	2.93	3.42	4.00	3.55	3.25	3.65	4.55	4.01
	EV/Sales	1.80	2.17	1.44	1.77	2.17	1.90	1.66	2.09	2.64	2.47
	EV/FCF	19.46	26.41	16.04	15.14	23.47	29.50	20.90	19.29	42.37	29.12
Cash, $m
Cash, $m	Operating cash flow	807	856	1,180	1,207	1,033	1,094	1,495	1,315	1,191	1,558
	Capex	(274)	(326)	(550)	(395)	(417)	(597)	(822)	(468)	(668)	(795)
	Free cash flow	533	530	630	812	616	497	673	847	523	762
Balance, $m
Balance, $m	Working capital	1,071	1,082	1,422	1,755	1,968	1,848	1,633	1,989	2,231	2,199
	Total debt	2,666	2,649	2,501	2,555	2,494	2,484	2,484	2,881	2,481	3,972
	Net debt	2,427	2,433	2,140	1,788	1,414	1,779	2,079	1,739	1,694	3,371
	Shareholders’ equity	1,760	2,183	2,672	3,071	3,246	3,607	3,667	3,997	4,404	4,598
Returns, %
Returns, %	ROA	8.06	11.07	11.47	10.01	6.24	10.93	12.90	9.10	9.13	7.86
	ROIC	11.69	12.63	13.87	13.55	9.71	14.40	15.45	11.71	11.29	8.68
	ROE	26.24	33.63	30.17	24.07	14.48	24.36	28.10	19.81	19.03	17.08

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 2.31 Actual 2.35

2.05 2.31 2.56 2.81 3.07

Q3 FY25 Miss −0.10

Q4 FY25 Miss −0.09

Q1 FY26 Beat +0.23

Q2 FY26 Beat +0.04

Q3 FY26 — Oct 21

Earnings per share against the consensus, by quarter
Quarter	Estimate	Reported	Result
Q3 FY25	2.83	2.73	Miss by 0.10
Q4 FY25	2.41	2.32	Miss by 0.09
Q1 FY26	2.17	2.40	Beat by 0.23
Q2 FY26	2.31	2.35	Beat by 0.04
Q3 FY26	2.95	—	Reports 21 October 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
SW Smurfit Westrock PLC	$21.6B	43.3×	23.9×	+1.15% (above 0%: growing)	n/m	+0.98% (above 0%: growing)	17.42%	3.85%	Compare
PKG Packaging Corporation of America	$21.0B	30.5×	24.2×	+14.67% (above 0%: growing)	−19.40% (below 0%: shrinking)	+5.30% (above 0%: growing)	20.58%	11.70%
AMCR Amcor PLC	$20.3B	18.5×	14.8×	+25.90% (above 0%: growing)	n/m	+54.49% (above 0%: growing)	20.90%	10.10%	Compare
IP International Paper Company	$18.0B	— (loss-making)	28.7×	−2.25% (below 0%: shrinking)	n/m	−95.31% (below 0%: shrinking)	27.65%	1.42%	Compare
BALL Ball Corporation	$16.7B	17.9×	18.1×	+19.74% (above 0%: growing)	+7.79% (above 0%: growing)	+97.88% (above 0%: growing)	17.44%	8.68%	Compare
AVY Avery Dennison Corporation	$13.3B	19.2×	18.4×	+10.92% (above 0%: growing)	+10.79% (above 0%: growing)	+94.11% (above 0%: growing)	29.62%	12.73%	Compare
CCK Crown Holdings, Inc.	$12.4B	16.3×	15.4×	+16.48% (above 0%: growing)	+42.68% (above 0%: growing)	+52.62% (above 0%: growing)	17.23%	12.65%	Compare
SON Sonoco Products Company	$4.9B	7.9×	12.7×	−1.31% (below 0%: shrinking)	−78.83% (below 0%: shrinking)	+138.94% (above 0%: growing)	20.81%	10.23%	Compare
REYN Reynolds Consumer Products Inc.	$4.8B	13.9×	14.1×	+0.64% (above 0%: growing)	+20.00% (above 0%: growing)	−11.76% (below 0%: shrinking)	25.95%	14.62%	Compare
Median of peers	$15.0B	17.9×	16.8×	+6.04%	+10.79%	+53.56%	20.86%	10.17%

All 23 Packaging & Containers stocks →

Packaging Corporation of America (PKG) key facts

Concern: Net income was $774.1 million, or $8.61 per share (basic), a net margin of 8.55%.
Strength: Packaging Corporation of America’s revenue for fiscal 2025 (year ended December 2025) was $9.0 billion, up 7.23% from fiscal 2024.
Packaging Corporation of America (PKG) is a Packaging & Containers company in the Consumer Cyclical sector, listed on the New York Stock Exchange.
As of October 19, 2026, PKG traded at $233.85, a market capitalization of $21.0 billion.
At that price the stock trades at 30.5× trailing-twelve-month earnings and 2.2× sales; its P/E is higher than 99% of its own readings over the past ten years.
Packaging Corporation of America pays an annual dividend of $5.50 per share, a yield of 2.33%, with a payout ratio of 71.4%.
Return on equity was 17.1% and debt-to-equity 0.85.
Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 3.74 (safe zone) for fiscal 2025.