Packaging Corporation of America
NYSE•PKG
CEO: Mr. Mark W. Kowlzan
Sector: Consumer Cyclical
Industry: Packaging & Containers
Listing Date: 2000-01-28
Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through three segments: Packaging, Paper, and Corporate and Other. 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. The Corporate and Other segment includes corporate support staff services and related assets and liabilities; and transportation assets, such as rail cars and trucks for transportation. Packaging Corporation of America was founded in 1867 and is headquartered in Lake Forest, Illinois.
Contact Information
Market Cap
$18.65B
P/E (TTM)
20.9
17.2
Dividend Yield
2.4%
52W High
$242.68
52W Low
$172.72
52W Range
Rank24Top 7.5%
6.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 6.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024
Financial Dashboard
Q3 2025 Data
Revenue
$2.31B+6.00%
4-Quarter Trend
EPS
$2.52-4.91%
4-Quarter Trend
FCF
$280.10M+55.27%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Nine Months Net Sales Growth Nine months net sales reached $6,625.7M, marking a 6.2% increase compared to the prior year period ended September 30.
Nine Months Net Income Surge Nine months net income totaled $672.3M, showing a strong increase of $88.3M year-to-date results compared to 2024.
Strong Operating Cash Flow Operating cash flow provided $1,110.9M for nine months, increasing $245.1M due to higher income and asset changes.
Packaging Segment Performance Packaging operating income grew $148M to $952.0M for nine months, driven primarily by higher prices and favorable mix.
Risk Factors
Q3 Net Income Decline Q3 Net income fell $11.2M to $226.9M, impacted by $20M special items related to the Greif Acquisition costs.
Increased Leverage Risk Indebtedness increased materially to $3.97B post-Greif acquisition, raising vulnerability to adverse changes in business conditions.
Greif Integration Challenges Greif containerboard business integration faces substantial difficulties, costs, and potential performance underperformance risks.
Fourth Quarter Earnings Outlook Management expects fourth quarter earnings to be lower than the third quarter of 2025 results reported this period.
Outlook
Greif Integration Focus Management focused on integrating acquired Greif operations, expecting results to improve over the next year of ownership.
Capital Investment Plan Expecting capital investments around $800.0M for 2025, including $24M estimated for environmental compliance expenditures.
Liquidity Position Secure Primary liquidity sources include $634.0M cash and $573M unused borrowing capacity under the revolving credit facility.
Tax Payment Reduction Expected Anticipating OBBBA provisions will reduce 2025 cash tax payments, despite no material impact on current income tax expense.
Peer Comparison
Revenue (TTM)
GPC$24.06B
APTV$20.15B
AMCR$17.40B
Gross Margin (Latest Quarter)
RL68.0%
LULU55.6%
GPC37.4%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| LULU | $23.60B | 14.3 | 39.2% | 25.0% |
| IHG | $22.42B | 29.9 | -30.3% | 83.1% |
| RL | $21.92B | 26.4 | 33.4% | 38.8% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
2.5%
Moderate Growth
4Q Net Income CAGR
0.9%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Next earnings:Jan 27, 2026
EPS:$2.41
|Revenue:$2.43B
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Nov 6, 2025|Revenue: $2.31B+6.0%|EPS: $2.52-4.9%MissForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Aug 7, 2025|Revenue: $2.17B+4.6%|EPS: $2.68+21.8%BeatForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 8, 2025|Revenue: $2.14B+8.2%|EPS: $2.27+39.3%MeetForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 27, 2025|Revenue: $8.38B+7.4%|EPS: $8.97+5.3%BeatForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Nov 7, 2024|Revenue: $2.18B+12.7%|EPS: $2.65+29.9%BeatForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 8, 2024|Revenue: $2.08B+6.3%|EPS: $2.20-2.2%BeatForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 8, 2024|Revenue: $1.98B+0.2%|EPS: $1.63-22.4%MeetForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 29, 2024|Revenue: $7.80B-8.0%|EPS: $8.52-23.0%Beat