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NYSE · PAPERBOARD CONTAINERS & BOXES · LARGE CAP

Packaging Corp. of America PKG

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$9.0B
▲ 7.2% YoY
$774.1M
▼ 3.9% YoY
$728.6M
▲ 39.7% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

The company operates ten mills and 91 corrugated products plants and related facilities. It is headquartered in Lake Forest, Illinois and operates in the United States. As of December 31, 2025, the company had approximately 16,800 employees, including 4,600 salaried and 12,200 hourly employees. It reports in three reportable segments: Packaging, Paper and Corporate and Other. Its containerboard mills produce linerboard and corrugating medium, which are papers primarily used in the production of corrugated products. Its corrugated products manufacturing plants produce a wide variety of corrugated packaging products, including 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. In its Paper segment, the company manufactures and sells papers, including both commodity and specialty papers, which may have custom or specialized features such as colors, coatings, high brightness, and recycled content. Its Corporate and Other segment includes corporate support staff services and related assets and liabilities.

Written from the business description in PACKAGING CORP OF AMERICA's annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth

USD 9.0B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 9.0 · Net income 0.8
4B8B
2008201120142017202020232025
Compound annual growth
+2.0%
+6.2%
+4.6%
+9.1%
−9.1%
+10.9%
+5.9%
+9.2%
−8.0%
+12.1%
+6.7%
+10.2%
+1.7%
+8.2%
+8.6%
+15.2%
−13.9%
+15.0%
+5.4%
+13.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +6.2% a year over the five years to FY2025 — but profit grew faster: net income at +10.9%, earnings per share at +12.1%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

9 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 12.3% · Net 8.6%
5%10%15%
200820162025
ROE
FY2025 · ROE 17.2%
10%20%30%
200820162025
Three returns, three denominators.

Each USD of equity produced 17 cents of profit this year.

Cash & shareholders

USD 602.6M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 728.6
300M600M
200820162025
Net buybacks $M Dividends $M
FY2025 · Dividends 449.6 · Net buybacks 153.0
400M800MDividendsNet buybacks
2008201120142017202020232025

USD 449.6M in dividends and USD 153.0M in buybacks — 78% of the year's profit went back to shareholders.

Total assetsUSD 10.7B
EquityUSD 4.6B
CashUSD 529.0M
Gross debtUSD 4.0B
Net debtUSD 3.4B
Current ratio3.17×

Net debt stands at 75% of equity.

The 18-year record

18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
PKG, 18-year financial record
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B9.08.47.88.57.76.77.07.06.45.85.75.93.72.82.62.42.12.4
Operating income $B1.11.11.11.41.20.71.11.10.90.80.80.70.50.40.30.20.40.2
EBITDA $B1.81.61.61.91.71.11.41.51.31.11.11.10.70.60.40.30.50.4
Income tax $B0.30.30.20.30.30.20.20.20.20.20.20.2−0.00.20.1−0.10.10.1
Net income $B0.80.80.81.00.80.50.70.70.70.40.40.40.40.20.20.20.30.1
Free cash flow $B0.70.50.80.70.50.60.80.60.50.50.50.30.40.30.10.00.20.1
EPS, diluted $8.588.938.4811.038.834.847.347.807.074.754.473.994.521.641.572.002.601.31
Dividend / sh $5.005.005.004.754.003.373.163.002.522.362.201.601.511.000.800.600.601.20
Payout %585659414565433636484640257448302992
ROE %17.219.220.028.324.514.624.330.433.926.527.727.337.316.216.021.533.619.8

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

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Provenance

Company facts, as filed

How we verify · 0 failures in 88 reconciliationsAUDITED

Reconciled in 18 of the 18 fiscal years we could check. Four checks were skipped: the balance sheet is not tagged before 2009. One check was skipped: EPS is not tagged before 2008. One check was skipped: revenue is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityPaperboard Containers & Boxes
Listed onNYSE
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2008

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