Packaging Corporation of America(PKG)Earnings, Financials & Key Ratios

PKG•NYSE

$232.40

27.1× P/E·Price updated Jul 7, 2026

SectorConsumer Cyclical IndustryPackaging Sub-IndustryPaperboard, Corrugated and Cartons

AboutPackaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through Packaging and Paper segments. The Packaging segment offers various containerboard 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, independent brokers, and distribution partners. 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. This segment sells white papers through its sales and marketing organization. Packaging Corporation of America was founded in 1867 and is headquartered in Lake Forest, Illinois.Show more

Revenue$8.99B+7.2%
EBITDA$1.91B+17.3%
Net Income$769M-4.5%
EPS (Diluted)8.58-3.9%
Gross Margin21.02%-1.2%
EBITDA Margin21.23%+9.4%
Operating Margin13.97%+6.3%
Net Margin8.55%-10.9%
ROE17.08%-10.9%

PKG Price & Volume

Packaging Corporation of America (PKG) stock price & volume — 10-year historical chart

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Capital Intensity Pressures Margin Sustainability Amid Growth

Investment Thesis • Updated 2026Q1

VerdictNeutral

Growth:Expanding

Profitability:Moderate

Financial:Healthy

Cash Flow:Stable

Primary Risk:Input Cost Volatility Exposure

Key Thesis Takeaways

Packaging Corporation of America is navigating a complex transition as it balances aggressive asset expansion with the realities of rising input costs and margin compression.
While the company maintains a robust liquidity position with a 3.07 current ratio, investors should monitor the impact of high capital intensity on long-term free cash flow generation.
The firm's strategic reliance on large-scale acquisitions, such as the $1.8 billion outlay in 2025Q3, suggests a growth-oriented strategy that currently faces headwinds from volatile fiber and energy expenses.

Verdict Logic

while the company demonstrates strong liquidity with a 3.07 current ratio, the current 28.15 P/E valuation appears high given the recent contraction in net margins to 7.2%.

PKG Growth Metrics

Packaging Corporation of America (PKG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years4.58%

5 Years6.19%

3 Years1.97%

TTM7.86%

Profit CAGR

10 Years5.82%

5 Years10.77%

3 Years-9.28%

TTM-14.1%

EPS CAGR

10 Years6.74%

5 Years12.09%

3 Years-8%

TTM-13.93%

Return on Capital

10 Years16.48%

5 Years16.49%

3 Years14.46%

Last Year14.15%

PKG Recent Earnings

Packaging Corporation of America (PKG) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 9/12 qtrs (75%)●Beat Revenue 7/12 qtrs (58%)

Q2 2026Latest

Apr 22, 2026

Metric

Actual

Est

EPS

$2.40+12.1%

$2.14

Rev

$2.4B-2.4%

$2.4B

Q1 2026

Jan 27, 2026

Metric

Actual

Est

EPS

$2.32-3.7%

$2.41

Rev

$2.4B-3.0%

$2.4B

Q4 2025

Oct 22, 2025

Metric

Actual

Est

EPS

$2.73-3.2%

$2.82

Rev

$2.3B+0.4%

$2.3B

Q3 2025

Jul 23, 2025

Metric

Actual

Est

EPS

$2.48+1.6%

$2.44

Rev

$2.2B-0.8%

$2.2B

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 22, 2026	$2.40vs $2.14+12.1%	$2.4Bvs $2.4B-2.4%
Q1 2026	Jan 27, 2026	$2.32vs $2.41-3.7%	$2.4Bvs $2.4B-3.0%
Q4 2025	Oct 22, 2025	$2.73vs $2.82-3.2%	$2.3Bvs $2.3B+0.4%
Q3 2025	Jul 23, 2025	$2.48vs $2.44+1.6%	$2.2Bvs $2.2B-0.8%

Based on last 12 quarters of dataView full earnings history →

Latest PKG News

Recent stock market news and headlines for Packaging Corporation of America (PKG)

Business Wire·Jun 22, 2026

Packaging Corporation of America Schedules Conference Call to Discuss Second Quarter 2026 Operating Results

LAKE FOREST, Ill.--(BUSINESS WIRE)--Packaging Corporation of America (NYSE: PKG) will hold a conference call on Thursday, July 23, 2026, at 9:00 a.m. Eastern Time to discuss second quarter 2026 results. The conference call leader will be Mark Kowlzan. Second quarter earnings results will be released after the market closes on Wednesday, July 22, 2026. To access the conference call, you may pre-register for the conference by navigating to https://dpregister.com/sreg/10205355/102fb95d496. Once yo.

Peers Comparison

Key metrics vs top competitors for Packaging Corporation of America (PKG)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
PKGPackaging Corporation of AmericaCurrent	$232.40	$20.71B	27.09	7.23%	8.55%	17.08%	2.16%
IPInternational Paper Company	$37.92	$20.08B	-5.65	33.71%	-13.42%	-20.44%	—
GPKGraphic Packaging Holding Company	$10.51	$3.11B	7.10	-2.16%	3.17%	8.37%	—
SONSonoco Products Company	$56.49	$5.57B	14.19	41.72%	13.83%	30.03%	—
CLWClearwater Paper Corporation	$15.68	$252.84M	-12.65	12.42%	-1.76%	-3.31%	—
SEESealed Air Corporation	$42.15	$6.21B	12.29	-0.61%	9.43%	48.39%	—

Compare PKG vs Peers

Packaging Corporation of America (PKG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs IP

Most directly comparable listed peer for PKG.

Scale Benchmark

vs AMZN

Larger-name benchmark to compare PKG against a more recognizable public peer.

Peer Set

Compare Top 5

vs IP, GPK, SON, CLW

PKG SEC Filings & Documents

Packaging Corporation of America (PKG) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 13, 2026·SEC

Material company update

Apr 23, 2026·SEC

Material company update

Mar 3, 2026·SEC

10-K Annual Reports

FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 27, 2025·SEC

FY 2024

Feb 29, 2024·SEC

10-Q Quarterly Reports

FY 2026

May 8, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

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PKG Frequently Asked Questions

Packaging Corporation of America (PKG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is Packaging Corporation of America's revenue?

Packaging Corporation of America (PKG) reported $9.22B in revenue for fiscal year 2025. This represents a 487% increase from $1.57B in 1998.

How fast is Packaging Corporation of America growing?

Packaging Corporation of America (PKG) grew revenue by 7.2% over the past year. This is steady growth.

Is PKG profitable?

Yes, Packaging Corporation of America (PKG) is profitable, generating $740.4M in net income for fiscal year 2025 (8.6% net margin).

Dividend & Returns

Does PKG pay dividends?

Yes, Packaging Corporation of America (PKG) pays a dividend with a yield of 2.16%. This makes it attractive for income-focused investors.

What is PKG's return on equity?

Packaging Corporation of America (PKG) has a return on equity (ROE) of 17.1%. This is reasonable for most industries.

What is Packaging Corporation of America's free cash flow?

Packaging Corporation of America (PKG) generated $702.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in PKG back in 1998?

Total return calculator · dividends reinvested · 28+ years of data

See returns →

Quarter

Date

EPS (Act vs Est)

Revenue (Act vs Est)

Q2 2026Latest

Apr 22, 2026

$2.40vs $2.14+12.1%

$2.4Bvs $2.4B-2.4%

Q1 2026

Jan 27, 2026

$2.32vs $2.41-3.7%

$2.4Bvs $2.4B-3.0%

Q4 2025

Oct 22, 2025

$2.73vs $2.82-3.2%

$2.3Bvs $2.3B+0.4%

Q3 2025

Jul 23, 2025

$2.48vs $2.44+1.6%

$2.2Bvs $2.2B-0.8%

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

PKGPackaging Corporation of AmericaCurrent

$232.40

$20.71B

27.09

7.23%

8.55%

17.08%

2.16%

IPInternational Paper Company

$37.92

$20.08B

-5.65

33.71%

-13.42%

-20.44%

—

GPKGraphic Packaging Holding Company

$10.51

$3.11B

7.10

-2.16%

3.17%

8.37%

—

SONSonoco Products Company

$56.49

$5.57B

14.19

41.72%

13.83%

30.03%

—

CLWClearwater Paper Corporation

$15.68

$252.84M

-12.65

12.42%

-1.76%

-3.31%

—

SEESealed Air Corporation

$42.15

$6.21B

12.29

-0.61%

9.43%

48.39%

—