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Stocks / United States / PKG · Paperboard Containers & Boxes · NYSE

Packaging Corp. of America (PKG)

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Packaging Corp. of America (PKG) reported revenue of $2.5 billion for Q2 FY2026, the quarter ended 30 June 2026, up 14.7% on the same quarter a year earlier. Net income was $192 million, down 20.5% on the year, and diluted earnings per share $2.15. The figures are the company's own, from the 10-Q it filed with the SEC on 7 August 2026.

Revenue$2.5 billionup 14.7%
Net income$192 milliondown 20.5%
Diluted EPS$2.15
QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE14.8%
ROCE12.0%
Operating margin10.9%
Net margin7.3%
FCF margin7.8%
Interest covern/a
Debt to equity0.85
Cash conversion2.35
Share count, 1 year-1.0%
Sales CAGR, 3 years2.0%
Profit CAGR, 3 years-9.1%
EPS, TTM$7.71

At the close of 21 September 2026

Price$238.31
Market cap$21.2 billion
Stock P/E30.91
Price to book4.55
EV / EBITDA13.67
Dividend yield2.1%
Market cap / sales2.23
52-week high$257.43
52-week low$191.68
Price, 1 year12.8%
Price CAGR, 3 years16.9%
Price CAGR, 5 years11.1%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on long-term debt as Packaging Corp. of America files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on PKG

Filings17 in twelve months: 8 current reports (8-K), about 4 results of operations; 1 shareholder vote; 1 officer or director change; 1 regulation fd disclosure; 1 exit or disposal costs
Planned insider sales5 Form 144 notices in twelve months, $21.6 million; latest 20 August 2026
Options tapeput/call 0.21 by open interest on 23 September 2026; the straddle prices a 5.2% move to 16 October 2026
Holders7 of the followed funds hold it; largest Geode Capital Management; 4 Schedule 13D or 13G filings in twelve months
Insider trading6 sales and 0 purchases on Form 4 in twelve months
Congress6 House trades disclosed in six months
Short interest2.7 million shares short, 5.36 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue1,9361,9381,9802,0752,1822,1462,1412,1712,3132,3642,3682,490
Cost of revenue1,5231,5281,6091,6381,6771,6761,6861,6881,8091,9161,9151,977
Gross profit413410370438505470455483504448453512
Gross margin21%21%19%21%23%22%21%22%22%19%19%21%
SG&A144143152150162147161153154165180179
Operating income259261196276327302280334324168251291
Operating margin13%13%10%13%15%14%13%15%14%7%11%12%
Pre-tax income244248188267319292267321305135220259
Tax rate25%24%22%-25%25%71%24%25%26%24%22%26%
Net income183189147199238221204242227102171192
Net margin9%10%7%10%11%10%10%11%10%4%7%8%
Diluted EPS$2.03$2.10$1.63$2.21$2.64$2.45$2.26$2.67$2.51$1.14$1.91$2.15
Operating cash flow340335260278327325339300472447329376
Capital expenditure89.814176.7245147201148170192319165206
Free cash flow25019418433.3180124191130280128165170
Buybacksn/an/an/an/an/an/a0.00.0n/an/a58.80.0
Dividends paid112112112112112112112112112112112111
Shares outstanding90m90m89,798m90m90m90m90m90m90m89,213m89m89m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

FY2014 FY2015 FY2016 FY2017 FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue5,8535,7425,7796,4457,0156,9646,6587,7308,4787,8028,3838,9899,535
Cost of revenue4,6234,5344,5034,9745,3695,3205,2895,8576,3876,1046,6007,1007,617
Gross profit1,2301,2081,2761,4721,6451,6441,3691,8732,0911,6991,7831,8901,917
Gross margin21.0%21.0%22.1%22.8%23.5%23.6%20.6%24.2%24.7%21.8%21.3%21.0%20.1%
Research and development12.313.113.312.814.416.015.514.5n/an/an/an/an/a
Selling, general and administrative470451468520536558540577609581610634679
Operating income7037507839311,0681,0547241,2411,4211,0751,1011,1071,036
Operating margin12.0%13.1%13.6%14.4%15.2%15.1%10.9%16.1%16.8%13.8%13.1%12.3%10.9%
Pre-tax income6146646888299709176331,1091,3651,0141,0641,028919
Income tax222228239160232221172268335249259254227
Effective tax rate36.1%34.3%34.7%19.3%24.0%24.1%27.1%24.1%24.5%24.5%24.4%24.7%24.7%
Net income3934374506697386964618411,030765805774692
Net margin6.7%7.6%7.8%10.4%10.5%10.0%6.9%10.9%12.1%9.8%9.6%8.6%7.3%
Diluted EPS$3.99$4.47$4.75$7.07$7.80$7.34$4.84$8.83$11.03$8.48$8.93$8.58$7.71
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2014 FY2015 FY2016 FY2017 FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow7367698078561,1801,2071,0331,0941,4951,3151,1911,5581,624
Capital expenditure420314274343551400421605824470670829882
Free cash flow316454533513629808612489671845522729742
Free cash flow margin5.4%7.9%9.2%8.0%9.0%11.6%9.2%6.3%7.9%10.8%6.2%8.1%7.8%
Depreciation and amortisation381356358391411388410418457518526653776
Share-based compensation15.618.219.720.623.530.430.035.535.640.048.845.249.4
Buybacks0.0155100n/an/a0.00.019352341.50.0153n/a
Dividends paid157201216238268299300380420449449450448
Dividend per share$1.60$2.20$2.36$2.52$3.00$3.16$3.37$4.00$4.75$5.00$5.00$5.00n/a
Diluted shares, weighted97m97m94m94m94m94m94m94m93m90m90m90m89m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/an/an/a89m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 FY2015 FY2016 FY2017 FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Total assets5,2595,2725,7776,1986,5707,2367,4337,8378,0048,6818,83310,72611,016
Cash and equivalents125184239217362680975619320648685529443
Receivables6466366898319028468321,0711,0321,0331,1441,2561,433
Inventory6656777247627967947889029771,0131,1251,2431,262
Goodwill5475447388839179198649249229229221,3721,416
Long-term debt2,3552,3092,6582,6462,4962,4932,4942,4912,4922,8922,4923,9923,969
Borrowings, as the company tags themn/a2,309n/an/an/an/an/an/an/an/an/an/an/a
Operating lease liabilitiesn/an/an/an/an/a178174179235212208291325
Finance lease liabilitiesn/an/an/an/a17.616.014.412.710.88.76.74.93.8
Shareholders' equity1,5211,6331,7602,1832,6723,0713,2463,6073,6673,9974,4044,5984,662
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded4.6%6.2%2.0%10.3%
Profit growth, compounded5.9%10.9%-9.1%-23.5%
Return on equity, average22.6%21.1%18.1%16.8%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Paperboard Containers & Boxes

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Smurfit Westrock plc SW$23.8 billion48.312.8%4.7%1.7%0.733.8%
Packaging Corp. of America PKG$21.2 billion30.9114.8%10.9%10.3%0.852.1%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

FilingPeriodFiledWhere
10-Q30 June 20267 August 2026EDGAR
10-Q31 March 20268 May 2026EDGAR
10-K31 December 202526 February 2026EDGAR
10-Q30 September 20256 November 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 20258 May 2025EDGAR
10-K31 December 202427 February 2025EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 20248 August 2024EDGAR
10-Q31 March 20248 May 2024EDGAR

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