Packaging Corporation of America PKG SPX

Consumer Cyclical · Packaging & Containers · United States

https://www.packagingcorp.com

Packaging Corporation of America manufactures and sells containerboard and uncoated freesheet (UFS) paper products in North America. The company operates through Packaging and Paper segments. The Packaging segment offers various linerboard and corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging products, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products. This segment sells its corrugated products through a direct sales and marketing organization. The Paper segment manufactures and sells commodity and specialty papers, as well as communication papers, including cut-size office papers, and printing and converting papers; and white papers. This segment sells papers through its sales and marketing organization. Packaging Corporation of America was founded in 1867 and is headquartered in Lake Forest, Illinois.

Market & Price

Market Cap

$19.50B

Current Price

$218.91

High / Low (52W)

$244.87 / $182.94

Beta

0.83

Valuation

Stock P/E

26.60

Industry PE

22.37

Forward P/E

17.86

PEG Ratio

1.67

Book Value

$51.89

Price to Book

4.22

P/S

2.12

EV/EBITDA

11.82

Dividend Yield

2.74%

Profitability & Returns

ROCE

11.40%

ROE

16.31%

ROA

8.37%

Profit Margin

8.04%

Op Margin

13.45%

EPS (Latest Qtr)

$1.91

EPS (TTM)

$8.23

Balance Sheet & Liquidity

Debt/Equity

0.95

Quick Ratio

1.79

Current Ratio

3.07

Debt

$4.37B

Total Assets

$10.73B

Current Assets

$3.21B

Working Capital

$2.20B

Ownership

Promoter Holding

1.60%

Chg in Prom Hold

0.02%

FII / Inst Holding

99.88%

Chg in FII Hold

0.00%

Financial Snapshot

Enterprise Value

$23.21B

Total Revenue (TTM)

$9.22B

EBITDA

$1.96B

Free Cash Flow

$391.42M

Operating Cash Flow

$1.55B

Shares Outstanding

89.10M

Gross Margin

21.75%

Payout Ratio

60.75%

Growth (CAGR)

Revenue 5Y

1.97%

Profit 5Y

-9.08%

Revenue (YoY)

10.60%

Earnings (YoY)

-15.50%

PROS

Attractive dividend yield of 2.74%.
Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Earnings shrank at -9.1% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Cyclical).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	PKG Packaging Corporation of America SPX	218.91	26.60	$19.50B	2.74%	11.40%	16.31%	1.97%	-9.08%
2	AMZN Amazon.com, Inc. NDXSPXAI	270.64	31.65	$2.91T	-	16.60%	24.29%	11.73%	984.47%
3	TSLA Tesla, Inc. NDXSPXAI	435.79	399.81	$1.64T	-	5.29%	4.90%	5.19%	-32.94%
4	HD The Home Depot, Inc. SPX	317.14	22.52	$316.23B	2.94%	28.92%	128.38%	1.52%	-6.11%
5	MCD McDonald's Corporation SPX	279.20	23.04	$198.37B	2.66%	22.63%	-	5.06%	11.50%
6	TJX The TJX Companies, Inc. SPX	154.75	30.11	$171.12B	1.24%	32.91%	61.25%	6.53%	16.24%
7	BKNG Booking Holdings Inc. NDXSPX	167.43	22.09	$129.74B	0.96%	67.24%	-	16.35%	20.90%
8	LOW Lowe's Companies, Inc. SPX	214.36	18.12	$120.26B	2.24%	29.62%	-	-3.85%	1.11%
9	PDD PDD Holdings Inc. NDX	84.44	8.87	$120.19B	-	28.69%	25.40%	49.00%	45.85%

Quarterly Results

Figures in USD.

Metric	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	1.54B	1.58B	1.64B	1.68B	1.69B	1.77B	1.81B	1.75B	1.73B	1.76B	1.75B	1.72B	1.71B	1.54B	1.69B	1.71B	1.81B	1.88B	2.00B	2.14B	2.24B	2.13B	1.98B	1.95B	1.94B	1.98B	2.08B	-	-	2.14B	2.17B	2.31B	2.36B	2.37B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.69B	1.69B	1.81B	1.92B	1.91B
Gross Profit	328.30M	285.00M	299.00M	320.10M	329.50M	327.10M	338.20M	364.30M	397.00M	371.40M	356.10M	420.60M	443.20M	425.40M	421.40M	427.90M	411.40M	383.30M	365.00M	325.80M	345.40M	333.30M	403.70M	448.80M	510.70M	533.20M	588.80M	518.40M	431.40M	444.70M	412.70M	370.40M	437.70M	-	-	454.70M	483.00M	504.30M	447.50M	452.90M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	161.40M	153.20M	154.30M	165.30M	180.30M
Operating Income	219.40M	175.90M	180.80M	200.20M	206.40M	192.90M	203.40M	234.10M	242.60M	252.30M	212.90M	269.60M	298.50M	286.70M	275.40M	280.40M	262.80M	235.10M	209.10M	116.10M	209.50M	189.30M	238.30M	294.60M	352.80M	356.50M	415.80M	360.30M	270.70M	284.40M	258.60M	196.00M	276.00M	-	-	293.30M	329.80M	350.00M	282.20M	272.60M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	418.30M	474.30M	477.10M	390.00M	477.60M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12.90M	13.10M	19.30M	33.90M	32.60M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	267.40M	320.60M	305.20M	134.50M	219.80M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	63.60M	79.10M	78.30M	32.70M	48.90M
Net Income	127.80M	104.30M	103.70M	115.90M	119.40M	110.60M	117.40M	143.20M	139.10M	268.90M	140.10M	186.60M	206.70M	204.60M	186.80M	193.60M	179.80M	136.20M	141.70M	56.70M	139.10M	123.50M	166.50M	207.30M	250.70M	254.20M	301.50M	262.50M	190.10M	202.70M	183.20M	146.90M	198.90M	-	-	203.80M	241.50M	226.90M	101.80M	170.90M
Diluted EPS	1.31	1.07	1.09	1.23	1.26	1.17	1.24	1.52	1.47	2.84	1.48	1.97	2.18	2.16	1.97	2.04	1.89	1.43	1.49	0.59	1.46	1.30	1.75	2.17	2.63	2.70	3.20	2.80	2.11	2.24	2.03	1.63	2.21	-	-	2.26	2.67	2.51	1.13	1.91

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	-	5.78B	6.44B	7.01B	6.96B	6.66B	-	8.48B	7.80B	8.38B	8.99B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6.39B	6.10B	6.60B	7.10B
Gross Profit	491.36M	426.58M	532.20M	542.02M	634.70M	867.50M	1.23B	1.21B	1.28B	1.47B	1.65B	1.64B	1.37B	-	2.09B	1.70B	1.78B	1.89B
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	608.60M	580.90M	610.30M	634.20M
Operating Income	241.81M	352.45M	185.38M	272.75M	437.60M	481.90M	702.70M	750.00M	783.30M	932.50M	1.07B	1.05B	723.90M	-	1.48B	1.12B	1.17B	1.26B
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.89B	1.59B	1.63B	1.76B
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	70.40M	53.30M	41.40M	79.10M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.36B	1.01B	1.06B	1.03B
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	335.00M	248.90M	259.30M	253.70M
Net Income	135.61M	265.89M	205.44M	158.03M	160.20M	441.30M	392.60M	436.80M	449.60M	668.60M	738.00M	696.40M	461.00M	-	1.03B	765.20M	805.10M	774.10M
Diluted EPS	1.31	2.60	2.00	1.57	1.64	4.52	3.99	4.47	4.75	7.07	7.80	7.34	4.84	-	11.03	8.48	8.93	8.58
R&D Expense	-	9.40M	10.90M	12.50M	11.30M	11.50M	12.30M	13.10M	13.30M	12.80M	14.40M	16.00M	15.50M	14.50M	-	-	-	-

Compounded Sales Growth

5 Years:	1.97%
1 Year:	10.60%

Compounded Profit Growth

5 Years:	-9.08%
1 Year:	-15.50%

Stock Price Performance

1 Year:	+16.11%
6 Months:	+10.08%
3 Months:	-5.15%
1 Month:	+1.32%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	2.15B	2.23B	2.41B	2.49B	5.20B	5.26B	5.27B	5.78B	6.20B	6.57B	7.24B	7.43B	-	8.00B	8.68B	8.83B	10.73B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.51B	3.25B	3.23B	3.21B
Cash & Equivalents	228.14M	149.40M	260.73M	196.56M	156.30M	207.40M	191.00M	124.90M	184.20M	239.30M	216.90M	361.50M	679.50M	974.60M	-	320.00M	648.00M	685.00M	529.00M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	977.30M	1.01B	1.12B	1.24B
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.03B	1.03B	1.14B	1.26B
Total Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4.34B	4.68B	4.43B	6.13B
Current Liabilities	-	-	370.96M	404.61M	376.50M	259.85M	660.60M	611.00M	561.90M	625.40M	832.70M	693.60M	723.80M	782.60M	-	875.50M	1.27B	1.00B	1.02B
Long Term Debt	-	-	548.75M	549.10M	793.45M	778.63M	2.51B	2.35B	2.29B	2.62B	2.48B	2.48B	2.48B	2.48B	-	2.47B	2.47B	2.47B	3.97B
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.79B	3.17B	2.77B	4.36B
Total Equity	760.86M	683.95M	898.85M	1.01B	971.30M	1.01B	1.36B	1.52B	1.63B	1.76B	2.18B	2.67B	3.07B	3.25B	-	3.67B	4.00B	4.40B	4.60B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	89.70M	89.62M	89.80M	89.21M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	269.32M	306.13M	349.92M	345.51M	404.20M	608.20M	736.10M	768.60M	806.90M	856.10M	1.18B	1.21B	1.03B	-	1.50B	1.32B	1.19B	1.56B
Investing Cash Flow	-134.54M	-119.32M	-321.31M	-350.17M	-107.50M	-1.41B	-451.10M	-298.10M	-769.60M	-609.10M	-608.20M	-546.60M	-426.10M	-	-833.70M	-875.10M	-277.80M	-2.57B
Financing Cash Flow	-213.53M	-75.48M	-92.78M	-35.59M	-245.60M	786.80M	-351.10M	-411.20M	17.80M	-269.40M	-427.30M	-342.80M	-311.60M	-	-960.00M	-112.00M	-876.40M	859.40M
Capital Expenditure	-132.97M	-114.20M	-320.20M	-280.21M	-128.50M	-234.40M	-420.20M	-314.50M	-274.30M	-343.00M	-551.40M	-399.50M	-421.20M	-	-824.20M	-469.70M	-669.70M	-828.90M
Free Cash Flow	136.35M	191.93M	29.72M	65.30M	275.70M	373.80M	315.90M	454.10M	532.60M	513.10M	628.70M	807.90M	611.60M	-	670.80M	845.40M	521.50M	728.60M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-298.70M	328.00M	37.00M	-156.00M
Share Buybacks	65.67M	-	38.90M	125.03M	45.20M	7.80M	0	154.70M	100.30M	-	-	0	0	193.00M	522.60M	41.50M	0	153.00M

Ratios (Annual)

Figures in %.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	22.1%	22.8%	23.5%	23.6%	20.6%	-	24.7%	21.8%	21.3%	21.0%
Operating Margin %	-	-	-	-	-	-	-	-	13.6%	14.5%	15.2%	15.1%	10.9%	-	17.5%	14.3%	14.0%	14.0%
Net Margin %	-	-	-	-	-	-	-	-	7.8%	10.4%	10.5%	10.0%	6.9%	-	12.1%	9.8%	9.6%	8.6%
ROE %	19.8%	29.6%	20.4%	16.3%	15.9%	32.5%	25.8%	26.7%	25.5%	30.6%	27.6%	22.7%	14.2%	-	28.1%	19.1%	18.3%	16.8%
ROCE %	-	19.8%	10.2%	13.4%	19.6%	10.6%	15.1%	15.9%	15.2%	17.4%	18.2%	16.2%	10.9%	-	20.8%	15.1%	15.0%	12.9%

Shareholding Pattern

Insiders

1.60%

Institutions

99.88%

Public Float

101.50%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	8.65%	7.71M	$1.69B
2	Price (T.Rowe) Associates Inc	7.32%	6.52M	$1.43B
3	Vanguard Capital Management LLC	6.51%	5.80M	$1.27B
4	Vanguard Portfolio Management LLC	4.92%	4.38M	$958.95M
5	State Street Corporation	4.76%	4.24M	$929.15M
6	JPMORGAN CHASE & CO	3.85%	3.43M	$750.21M
7	FIL LTD	3.21%	2.86M	$625.63M
8	Geode Capital Management, LLC	2.79%	2.49M	$544.15M
9	Royal Bank of Canada	2.61%	2.32M	$508.53M
10	Bank Of New York Mellon Corporation	2.51%	2.24M	$489.39M

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PKG · Consumer Cyclical