PACKAGING CORP OF AMERICA PKG
Last close
237.25
2026-09-04
Market cap
$21.14B
2026-06-30 share count
52-week range
191.50 - 259.98
Valuation FY2025 figures against the last close
P/S2.4x
P/E27.7x
P/FCF29.0x
EV/EBITDA13.9x
Dividend yield0.5%
Diluted EPS8.58
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.99B | $8.38B | $7.80B | $8.48B | $7.73B | $6.66B | $6.96B | $7.01B | $6.44B | $5.78B |
| Cost of revenue | $7.10B | $6.60B | $6.10B | $6.39B | $5.86B | $5.29B | $5.32B | $5.37B | $4.97B | $4.50B |
| Gross profit | $1.89B | $1.78B | $1.70B | $2.09B | $1.87B | $1.37B | $1.64B | $1.65B | $1.47B | $1.28B |
| R&D | — | — | — | — | $14.5M | $15.5M | $16.0M | $14.4M | $12.8M | $13.3M |
| SG&A | $634.2M | $610.3M | $580.9M | $608.6M | $576.8M | $539.6M | $557.6M | $536.4M | $519.9M | $468.5M |
| Operating income | $1.11B | $1.10B | $1.08B | $1.42B | $1.24B | $723.9M | $1.05B | $1.07B | $932.5M | $783.3M |
| Interest expense | $79.1M | $41.4M | $53.3M | $70.4M | $152.4M | $93.5M | $128.8M | $95.1M | $102.6M | — |
| Pre-tax income | $1.03B | $1.06B | $1.01B | $1.36B | $1.11B | $632.7M | $917.0M | $970.5M | $828.6M | $688.5M |
| Income tax | $253.7M | $259.3M | $248.9M | $335.0M | $267.6M | $171.7M | $220.6M | $232.5M | $160.0M | $238.9M |
| Net income | $774.1M | $805.1M | $765.2M | $1.03B | $841.1M | $461.0M | $696.4M | $738.0M | $668.6M | $449.6M |
| EPS, basic | 8.61 | 8.97 | 8.52 | 11.08 | 8.87 | 4.86 | 7.36 | 7.82 | 7.09 | 4.76 |
| EPS, diluted | 8.58 | 8.93 | 8.48 | 11.03 | 8.83 | 4.84 | 7.34 | 7.80 | 7.07 | 4.75 |
| Shares, diluted (wtd. avg.) | $89.6M | $89.5M | $89.5M | $92.7M | $94.5M | $94.4M | $94.1M | $93.9M | $93.7M | $93.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $529.0M | $685.0M | $648.0M | $320.0M | $618.7M | $974.6M | $679.5M | $361.5M | $216.9M | $239.3M |
| Short-term investments | $71.8M | $102.0M | $493.5M | $85.2M | $86.1M | $105.6M | $87.9M | — | — | — |
| Receivables | $1.26B | $1.14B | $1.03B | $1.03B | $1.07B | $832.4M | $845.6M | $901.9M | $830.7M | $689.2M |
| Inventory | $1.24B | $1.12B | $1.01B | $977.3M | $902.5M | $787.9M | $794.1M | $795.6M | $762.5M | $723.6M |
| Total current assets | $3.21B | $3.23B | $3.25B | $2.51B | $2.73B | $2.75B | $2.48B | $2.12B | $1.92B | $1.70B |
| Property, plant and equipment | $4.99B | $4.04B | $3.86B | $3.90B | $3.53B | $3.19B | $3.15B | $3.11B | $2.92B | $2.90B |
| Goodwill | $1.37B | $922.4M | $922.4M | $922.4M | $923.5M | $863.5M | $918.7M | $917.3M | $883.2M | $737.9M |
| Other intangibles | $602.3M | $191.9M | $229.6M | $267.9M | $308.4M | $295.9M | $338.8M | $378.2M | $410.0M | $367.1M |
| Total assets | $10.73B | $8.83B | $8.68B | $8.00B | $7.84B | $7.43B | $7.24B | $6.57B | $6.20B | $5.78B |
| Accounts payable | $471.4M | $430.3M | $402.4M | $410.4M | $452.4M | $387.0M | $351.9M | $382.2M | $402.9M | $323.8M |
| Short-term debt | — | $0 | $399.6M | $0 | — | $0 | $0 | $0 | $150.0M | $25.8M |
| Total current liabilities | $1.02B | $1.00B | $1.27B | $875.5M | $884.8M | $782.6M | $723.8M | $693.6M | $832.7M | $625.4M |
| Long-term debt | $3.97B | $2.47B | $2.47B | $2.47B | $2.47B | $2.48B | $2.48B | $2.48B | $2.48B | $2.62B |
| Retained earnings | $3.93B | $3.78B | $3.45B | $3.19B | $3.10B | $2.84B | $2.70B | $2.32B | $1.87B | $1.45B |
| Total equity | $4.60B | $4.40B | $4.00B | $3.67B | $3.61B | $3.25B | $3.07B | $2.67B | $2.18B | $1.76B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.56B | $1.19B | $1.32B | $1.50B | $1.09B | $1.03B | $1.21B | $1.18B | $856.1M | $806.9M |
| Depreciation and amortisation | $652.8M | $525.6M | $517.7M | $456.8M | $417.5M | $410.0M | $387.5M | $410.9M | $391.4M | $358.0M |
| Stock-based compensation | $45.2M | $48.8M | $40.0M | $35.6M | $35.5M | $30.0M | $30.4M | $23.5M | $20.6M | $19.7M |
| Capital expenditure | $828.9M | $669.7M | $469.7M | $824.2M | $605.1M | $421.2M | $399.5M | $551.4M | $343.0M | $274.3M |
| Investing cash flow | -$2.57B | -$277.8M | -$875.1M | -$833.7M | -$794.4M | -$426.1M | -$546.6M | -$608.2M | -$609.1M | -$769.6M |
| Financing cash flow | $859.4M | -$876.4M | -$112.0M | -$960.0M | -$655.6M | -$311.6M | -$342.8M | -$427.3M | -$269.4M | $17.8M |
| Dividends paid | $111.9M | $448.8M | $448.9M | $420.3M | $379.8M | $299.6M | $298.7M | $268.1M | $237.6M | $216.1M |
| Buybacks | $153.0M | $0 | $41.5M | $522.6M | $193.0M | $0 | $0 | — | — | $100.3M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-074129.
Others in SIC 2650
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| SW | Smurfit Westrock plc | $24.04B | 34.5x | 47.7% |
| SON | SONOCO PRODUCTS CO | $5.14B | 5.2x | 41.7% |
| GPK | GRAPHIC PACKAGING HOLDING CO | $3.09B | 7.0x | -2.2% |
| DSS | DSS, INC. | $8.3M | — | 8.7% |