PKG
Packaging Corporation of AmericaStock · MaterialsS&P 500 Equal Weight 0.2% · S&P 500 0.03% · Russell 1000 0.03% · US Stock Market 0.03% · Russell 3000 0.03% · MSCI World 0.02% · MSCI ACWI 0.02%$232.77-1.19%
as of market close, Sep 18, 2026
☾ AH — —
PKG financial statements
The full income statement, balance sheet, and cash-flow statement for Packaging Corporation of America (PKG), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 89.8M2024-09 89.8M2024-12 89.8M2025-03 90.0M2025-06 90.0M2025-09 90.0M2025-12 89.2M2026-03 89.1M2026-06 89.1M-0.8% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 8.99B+7.2% | 8.38B+7.4% | 7.80B-8.0% | 8.48B+9.7% | 7.73B+16.1% | |
| 1.89B+6.0% | 1.78B+5.0% | 1.70B-18.7% | 2.09B+11.6% | 1.87B+36.8% | ||
| Cost of revenue | 7.10B+7.6% | 6.60B+8.1% | 6.10B-4.4% | 6.39B+9.1% | 5.86B+10.7% | |
| Research & development | — | — | — | — | 14.5M-6.5% | |
| Selling, general & administrative | 634M+3.9% | 610M+5.1% | 581M-4.6% | 609M+5.5% | 577M+6.9% | |
| Amortization of intangibles | 49.6M+31.6% | 37.7M-1.6% | 38.3M-2.0% | 39.1M+3.7% | 37.7M-12.1% | |
| Operating income | 1.11B+0.5% | 1.10B+2.4% | 1.08B-24.3% | 1.42B+14.4% | 1.24B+71.5% | |
| Net interest income | -79.1M-91.1% | -41.4M+22.3% | -53.3M+24.3% | -70.4M+53.8% | -152M-63.0% | |
| Pre-tax income | 1.03B-3.4% | 1.06B+5.0% | 1.01B-25.7% | 1.36B+23.1% | 1.11B+75.2% | |
| Income tax | 254M-2.2% | 259M+4.2% | 249M-25.7% | 335M+25.2% | 268M+55.9% | |
| 774M-3.9% | 805M+5.2% | 765M-25.7% | 1.03B+22.4% | 841M+82.5% | ||
| Net income to common | 769M-3.8% | 800M+5.3% | 759M-25.7% | 1.02B+22.4% | 835M+82.5% | |
| $8.58-3.9% | $8.93+5.3% | $8.48-23.1% | $11.03+24.9% | $8.83+82.4% | ||
| EPS (basic) | $8.61-4.0% | $8.97+5.3% | $8.52-23.1% | $11.08+24.9% | $8.87+82.5% | |
| Weighted-avg shares (basic) | 89.3M+0.2% | 89.1M+0.0% | 89.1M-3.5% | 92.3M-1.9% | 94.1M+0.0% | |
| Weighted-avg shares (diluted) | 89.6M+0.1% | 89.5M+0.0% | 89.5M-3.5% | 92.7M-1.9% | 94.5M+0.1% | |
| Dividends per share | $5.00+0.0% | $5.00+0.0% | $5.00+5.3% | $4.75+18.8% | $4.00+18.7% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 3.21B-0.6% | 3.23B-0.7% | 3.25B+29.7% | 2.51B-8.2% | 2.73B-0.6% | ||
| Cash & equivalents | 529M-22.8% | 685M+5.7% | 648M+102.5% | 320M-48.3% | 619M-36.5% | |
| Accounts receivable | 1.26B+9.8% | 1.14B+10.7% | 1.03B+0.1% | 1.03B-3.7% | 1.07B+28.7% | |
| Inventory | 1.24B+10.5% | 1.12B+11.0% | 1.01B+3.7% | 977M+8.3% | 903M+14.5% | |
| Prepaid expenses | 85.8M-48.6% | 167M+167.9% | 62.3M+6.9% | 58.3M+24.0% | 47.0M+5.1% | |
| 10.7B+21.4% | 8.83B+1.8% | 8.68B+8.5% | 8.00B+2.1% | 7.84B+5.4% | ||
| Property, plant & equipment | 4.99B+23.4% | 4.04B+4.5% | 3.86B-0.9% | 3.90B+10.5% | 3.53B+10.5% | |
| Operating lease right-of-use | 376M+35.8% | 277M-1.0% | 280M-6.3% | 298M+25.2% | 238M+1.8% | |
| Goodwill | 1.37B+48.8% | 922M+0.0% | 922M+0.0% | 922M-0.1% | 924M+6.9% | |
| Intangible assets | 602M+213.9% | 192M-16.4% | 230M-14.3% | 268M-13.1% | 308M+4.2% | |
| Other non-current assets | 109M+4.1% | 105M+56.0% | 67.2M+60.0% | 42.0M-6.5% | 44.9M-15.6% | |
| 1.02B+1.3% | 1.00B-20.9% | 1.27B+44.6% | 876M-1.1% | 885M+13.1% | ||
| Accounts payable | 471M+9.6% | 430M+6.9% | 402M-1.9% | 410M-9.3% | 452M+16.9% | |
| Accrued liabilities | 302M-16.8% | 363M+43.2% | 254M-3.9% | 264M+3.4% | 255M+17.9% | |
| Short-term & current debt | — | 0.00-100.0% | 400M | 0.00 | — | |
| Current lease liability | 99.8M+24.0% | 80.5M+2.4% | 78.6M+8.9% | 72.2M+7.6% | 67.1M-2.6% | |
| Finance lease liability (current) | 2.30M+9.5% | 2.10M+5.0% | 2.00M+5.3% | 1.90M+11.8% | 1.70M+6.3% | |
| Long-term debt | 3.97B+60.3% | 2.47B+0.1% | 2.47B-0.1% | 2.47B+0.1% | 2.47B-0.3% | |
| Non-current lease liability | 291M+39.7% | 208M-1.9% | 212M-9.6% | 235M+30.8% | 179M+3.3% | |
| Operating lease liability (total) | 390M+35.3% | 289M-0.8% | 291M-5.2% | 307M+24.5% | 246M+1.6% | |
| Finance lease liability (total) | 7.20M-18.2% | 8.80M-17.8% | 10.7M-15.7% | 12.7M-11.8% | 14.4M-10.0% | |
| Finance lease liability | 4.90M-26.9% | 6.70M-23.0% | 8.70M-19.4% | 10.8M-15.0% | 12.7M-11.8% | |
| Deferred tax liabilities | 660M+17.5% | 562M+0.7% | 558M+2.8% | 543M+16.5% | 466M+22.8% | |
| Other non-current liabilities | 83.3M+3.0% | 80.9M+33.3% | 60.7M+5.7% | 57.4M-1.0% | 58.0M-2.0% | |
| Total non-current liabilities | 5.11B+49.2% | 3.43B+0.3% | 3.42B-1.2% | 3.46B+3.5% | 3.34B-1.7% | |
| 4.60B+4.4% | 4.40B+10.2% | 4.00B+9.0% | 3.67B+1.7% | 3.61B+11.1% | ||
| Common stock | 900K+0.0% | 900K+0.0% | 900K+0.0% | 900K+0.0% | 900K+0.0% | |
| Additional paid-in capital | 708M+5.7% | 670M+8.0% | 620M+6.6% | 582M+0.4% | 579M+4.5% | |
| Retained earnings | 3.93B+4.1% | 3.78B+9.6% | 3.45B+8.2% | 3.19B+2.7% | 3.10B+9.4% | |
| Accumulated other comprehensive income | -41.6M+4.1% | -43.4M+38.8% | -70.9M+30.8% | -102M-36.2% | -75.2M+48.0% | |
| Total equity incl. non-controlling | 4.60B+4.4% | 4.40B+10.2% | 4.00B+9.0% | 3.67B+1.7% | 3.61B+11.1% | |
| Total liabilities & equity | 10.7B+21.4% | 8.83B+1.8% | 8.68B+8.5% | 8.00B+2.1% | 7.84B+5.4% | |
| Common shares issued | 89.2M-0.7% | 89.8M+0.2% | 89.6M-0.1% | 89.7M-4.1% | 93.5M-1.4% | |
| Shares outstanding (cover) | 89.2M-0.7% | 89.8M+0.2% | 89.6M-0.1% | 89.7M-4.1% | 93.5M-1.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.56B+30.8% | 1.19B-9.4% | 1.32B-12.0% | 1.50B+36.6% | 1.09B+5.9% | ||
| Depreciation & amortization | 653M+24.2% | 526M+1.5% | 518M+13.3% | 457M+9.4% | 418M+1.8% | |
| Intangible amortization | 49.6M+31.6% | 37.7M-1.6% | 38.3M-2.0% | 39.1M+3.7% | 37.7M-12.1% | |
| Share-based compensation | 45.2M-7.4% | 48.8M+22.0% | 40.0M+12.4% | 35.6M+0.3% | 35.5M+18.3% | |
| Deferred income taxes | 97.3M+2416.7% | -4.20M-180.8% | 5.20M-94.0% | 86.0M+44.8% | 59.4M+71.2% | |
| Change in receivables | 10.3M-90.7% | 111M+7807.1% | 1.40M+103.6% | -39.3M-117.3% | 227M+1821.2% | |
| Change in inventory | -4.40M-103.9% | 112M+212.3% | 35.8M-52.4% | 75.2M-28.7% | 106M+1774.6% | |
| Change in payables | -42.5M-332.2% | 18.3M+60.5% | 11.4M+163.0% | -18.1M-248.4% | 12.2M-69.3% | |
| Other operating activities | 100K-99.6% | 24.2M+82.0% | 13.3M+565.0% | 2.00M-83.2% | 11.9M-34.6% | |
| -2.57B-826.2% | -278M+68.3% | -875M-5.0% | -834M-4.9% | -794M-86.4% | ||
| Capital expenditure | 829M+23.8% | 670M+42.6% | 470M-43.0% | 824M+36.2% | 605M+43.7% | |
| Free cash flow | 729M+39.7% | 522M-38.3% | 845M+26.0% | 671M+37.2% | 489M-20.0% | |
| Acquisitions | 1.80B | 0.00 | 0.00 | 0.00-100.0% | 195M | |
| Sales/maturities of investments | 102M+3.6% | 98.2M+0.9% | 97.3M+11.1% | 87.6M-12.6% | 100M+21.0% | |
| Other investing activities | — | 0.00 | 0.00+100.0% | -1.90M | 0.00 | |
| 859M+198.1% | -876M-682.5% | -112M+88.3% | -960M-46.4% | -656M-110.4% | ||
| Long-term debt issued | 1.49B | 0.00-100.0% | 397M | 0.00-100.0% | 690M | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 153M | 0.00-100.0% | 41.5M-92.1% | 523M+170.8% | 193M | |
| Dividends paid | 450M+0.2% | 449M-0.0% | 449M+6.8% | 420M+10.7% | 380M+26.8% | |
| Net change in cash | -156M-521.6% | 37.0M-88.7% | 328M+209.8% | -299M+16.1% | -356M-220.6% | |
| Interest paid | 101M-6.6% | 108M+27.0% | 84.8M-0.9% | 85.6M-42.8% | 150M+54.2% | |
| Income taxes paid | 174M-35.3% | 269M+26.9% | 212M-23.5% | 277M+31.8% | 211M+82.1% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 18.4B-9.0% | 20.2B+38.5% | 14.6B+23.4% | 11.8B-7.1% | 12.7B-2.6% | |
| P/E | 23.8×-5.4% | 25.1×+35.5% | 18.5×+62.1% | 11.4×-24.4% | 15.1×-46.6% | |
| P/S | 2.0×-15.1% | 2.4×+29.5% | 1.9×+34.4% | 1.4×-15.9% | 1.6×-16.1% | |
| P/B | 4.0×-12.8% | 4.6×+22.2% | 3.8×+26.0% | 3.0×-15.6% | 3.5×-12.4% | |
| P/FCF | 25.3×-34.9% | 38.8×+118.8% | 17.7×-2.8% | 18.2×-30.0% | 26.0×+21.8% | |
| Earnings yield | 4.2%+5.7% | 4.0%-26.2% | 5.4%-38.3% | 8.7%+32.4% | 6.6%+87.4% | |
| FCF yield | 4.0%+53.5% | 2.6%-54.3% | 5.6%+2.9% | 5.5%+42.9% | 3.8%-17.9% | |
| Dividend yield | 2.4%+9.2% | 2.2%-27.6% | 3.1%-17.4% | 3.7%+26.4% | 2.9%+20.2% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: PKG’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all PKG filings on SEC EDGAR → Not investment advice.