Loading…
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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $9.0B | $1.8B | $774M | $729M | 16.8% | 7.2% | -3.9% |
| 2024 | $8.4B | $1.6B | $805M | $522M | 18.3% | 7.4% | 5.2% |
| 2023 | $7.8B | $1.6B | $765M | $845M | 19.1% | -8.0% | -25.7% |
| 2022 | $8.5B | $1.9B | $1.0B | $671M | 28.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 8,478 | 7,802.40 | 8,383.30 | 8,989.30 |
| Cost Of Revenue | - | 6,387.40 | 6,103.50 | 6,600.20 | 7,099.70 |
| Gross Profit | - | 2,090.60 | 1,698.90 | 1,783.10 | 1,889.60 |
| Operating Expense | - | 608.60 | 580.90 | 610.30 | 634.20 |
| Operating Income | - | 1,482 | 1,118 | 1,172.80 | 1,255.40 |
| EBITDA | - | 1,892 | 1,585.10 | 1,631.40 | 1,759.70 |
| EBIT | - | 1,435.20 | 1,067.40 | 1,105.80 | 1,106.90 |
| Pretax Income | - | 1,364.80 | 1,014.10 | 1,064.40 | 1,027.80 |
| Tax Provision | - | 335 | 248.90 | 259.30 | 253.70 |
| Net Income | - | 1,029.80 | 765.20 | 805.10 | 774.10 |
| Net Income Common Stockholders | - | 1,021.90 | 759 | 799.50 | 768.90 |
| Total Expenses | - | 6,996 | 6,684.40 | 7,210.50 | 7,733.90 |
| Interest Expense | - | 70.40 | 53.30 | 41.40 | 79.10 |
| Selling General And Administration | - | 608.60 | 580.90 | 610.30 | 634.20 |
| Normalized EBITDA | - | 1,943.30 | 1,626.50 | 1,679.70 | 1,881.40 |
| Normalized Income | - | 1,068.51 | 796.46 | 841.61 | 865.74 |
| Market Cap | 18,990.85 | 18,990.85 | 18,990.85 | 18,990.85 | 18,990.85 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Packaging Corporation of Americathis co. | PKG | $19.1B | 24.53↑ premium | 4.13 | 16.8% | 12.97 |
| Ralph Lauren Corporation | RL | $23.3B | 30.30 | 8.70 | 28.7% | 19.15 |
| Williams-Sonoma, Inc. | WSM | $23.1B | 20.84 | 10.89 | 52.3% | 14.03 |
| Tractor Supply Company | TSCO | $19.4B | 17.64 | 7.49 | 42.5% | 12.79 |
| NVR, Inc. | NVR |
| 2021 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $18.9B |
| 13.26 |
| 4.60 |
| 34.7% |
| 9.31 |
| lululemon athletica inc. | LULU | $17.1B | 10.68 | 3.40 | 31.8% | 6.23 |
| Ball Corporation | BALL | $16.8B | 17.90 | 3.01 | 16.8% | 10.72 |
| Deckers Outdoor Corporation | DECK | $16.5B | 15.95 | 6.13 | 38.4% | 10.49 |
| Genuine Parts Company | GPC | $15.3B | 229.41 | 3.42 | 1.5% | 28.11 |
| Peer Median | - | 17.77 | 5.36 | 33.2% | 11.75 | |