Packaging Corp. of America (PKG) FY2024 results: revenue $8.4 billion, up 7.4% on the year
Packaging Corp. of America (PKG) reported revenue of $8.4 billion for fiscal 2024, the year ended 31 December 2024, up 7.4% on the year before. Net income was $805 million, up 5.2%, and diluted earnings per share $8.93. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.
Revenue
$8.4 billion
+7.4% on the year
FY2017FY2024
Operating margin
13.1%
13.8% a year earlier
FY2017FY2024
Net income
$805 million
+5.2% on the year
FY2017FY2024
Diluted EPS
$8.93
+5.3% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree 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.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,191
1,315
1,495
-9.4%
Capital expenditure
670
470
824
+42.6%
Free cash flow
522
845
671
-38.3%
Free cash flow margin
6.2%
10.8%
7.9%
Cash from investing
-278
-875
-834
Cash from financing
-876
-112
-960
Depreciation and amortisation
526
518
457
+1.5%
Share-based compensation
48.8
40.0
35.6
+22.0%
Buybacks
0.0
41.5
523
Dividends paid
449
449
420
-0.0%
Dividend per share
$5.00
$5.00
$4.75
0.0%
Diluted shares, weighted
90m
90m
93m
0.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
4,404
3,997
3,667
+10.2%
Debt
2,492
2,892
2,492
-13.8%
Operating lease liabilities
208
212
235
-1.9%
Finance lease liabilities
6.7
8.7
10.8
-23.0%
Other liabilities
1,722
1,571
1,600
+9.6%
Total liabilities and equity
8,833
8,681
8,004
+1.8%
Fixed assets
4,039
3,864
3,900
+4.5%
Goodwill
922
922
922
0.0%
Intangible assets
192
230
268
-16.4%
Investments
167
558
150
-70.0%
Cash and equivalents
685
648
320
+5.7%
Receivables
1,144
1,033
1,032
+10.7%
Inventory
1,125
1,013
977
+11.0%
Other assets
559
413
434
+35.2%
Total assets
8,833
8,681
8,004
+1.8%
10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.