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Packaging Corporation of America

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
1 North Field Court, Lake Forest, IL, 60045, United States
847-482-3000
www.packagingcorp.com
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
49%
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)

Genuine Parts CompanyGPC
$24.06B
+3.3%
Aptiv PLCAPTV
$20.15B
+2.2%
Amcor plcAMCR
$17.40B
+28.4%

Gross Margin (Latest Quarter)

Ralph Lauren CorporationRL
68.0%
+1.0pp
Lululemon Athletica Inc.LULU
55.6%
-2.9pp
Genuine Parts CompanyGPC
37.4%
+0.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
LULU$23.60B14.339.2%25.0%
IHG$22.42B29.9-30.3%83.1%
RL$21.92B26.433.4%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%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $2.17B+4.6%
    |
    EPS: $2.68+21.8%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 8, 2025|
    Revenue: $2.14B+8.2%
    |
    EPS: $2.27+39.3%
    Meet
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 27, 2025|
    Revenue: $8.38B+7.4%
    |
    EPS: $8.97+5.3%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 7, 2024|
    Revenue: $2.18B+12.7%
    |
    EPS: $2.65+29.9%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 8, 2024|
    Revenue: $2.08B+6.3%
    |
    EPS: $2.20-2.2%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 8, 2024|
    Revenue: $1.98B+0.2%
    |
    EPS: $1.63-22.4%
    Meet
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 29, 2024|
    Revenue: $7.80B-8.0%
    |
    EPS: $8.52-23.0%
    Beat