Packaging Corporation of America (PKG): financials, SEC filings and peers
Packaging Corporation of America (PKG) is a paper & plastic packaging products & materials company in the Materials sector of the S&P 500, headquartered in Lake Forest, Illinois.
It was founded in 1959 and joined the S&P 500 on July 26, 2017.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Paperboard Containers & Boxes”.
Packaging Corporation of America at a glance
- Revenue (12 months)
- $9.5B
- Revenue growth
- +10.3%
- Operating margin
- 10.9%
- Net income (12 months)
- $692M
- Free cash flow (12 months)
- $742M
- Cash
- $443M
- Debt
- $4.0B
- Diluted EPS (12 months)
- $7.70
Twelve months to June 30, 2026, from the 10-Q filed August 7, 2026.
Latest twelve months
Over the twelve months to June 30, 2026, Packaging Corporation of America reported revenue of $9.5 billion, up 10.3% from a year earlier.
Its operating margin was 10.9%, down 3.5 percentage points from a year earlier: for every $100 of sales, about $11 was left as operating profit.
Net income was $692 million (7.3% of revenue), 23.5% lower than a year earlier.
Profit fell while sales grew, which usually points to higher costs, heavier investment or one-time items. The filings explain which.
Operating cash flow was $1.6 billion and capital spending $882 million, leaving free cash flow of $742 million (7.8% of revenue).
At the end of the period it held $443 million in cash and $4.0 billion in debt, a net debt position of $3.5 billion.
Five-year trend
- Revenue went from $6.7 billion in fiscal 2020 to $9.0 billion in fiscal 2025, about 6.2% a year.
- Operating margin has been steady, around 12.3%.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $7.7B | $8.5B | $7.8B | $8.4B | $9.0B |
| Revenue growth | 16.1% | 9.7% | -8.0% | 7.4% | 7.2% |
| Operating margin | 16.1% | 16.8% | 13.8% | 13.1% | 12.3% |
| Net income | $841M | $1.0B | $765M | $805M | $774M |
| Free cash flow | $489M | $671M | $845M | $522M | $729M |
| Diluted EPS | $8.83 | $11.03 | $8.48 | $8.93 | $8.58 |
Fiscal years as reported in Packaging Corporation of America’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 10-Q filed August 7, 2026 — quarterly report
- 8-K filed July 23, 2026 — Earnings results
- 8-K filed May 13, 2026 — Shareholder vote results
- 10-Q filed May 8, 2026 — quarterly report
- 8-K filed April 23, 2026 — Earnings results
- 8-K filed March 3, 2026 — Executive or director change
- 10-K filed February 26, 2026 — annual report
- 8-K filed January 28, 2026 — Earnings results
Companies like Packaging Corporation of America
Other S&P 500 companies in Paper & Plastic Packaging Products & Materials:
- AMCRAmcorWarmley, Bristol, United Kingdom
- AVYAvery DennisonMentor, Ohio
- IPInternational PaperMemphis, Tennessee
- SWSmurfit WestrockDublin, Ireland
More from Materials
Questions about Packaging Corporation of America
Is Packaging Corporation of America's revenue growing?
Yes. Revenue for the twelve months to June 30, 2026 was $9.5 billion, up 10.3% from a year earlier, according to its SEC filings.
Is Packaging Corporation of America profitable?
Yes. It earned $692 million in net income over the twelve months to June 30, 2026, a net margin of 7.3%.
Does Packaging Corporation of America have more cash or more debt?
At June 30, 2026 it had $443 million in cash and $4.0 billion in debt, so more debt than cash.
When did Packaging Corporation of America last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on August 7, 2026.
Which companies are similar to Packaging Corporation of America?
In the S&P 500, Packaging Corporation of America is grouped in Paper & Plastic Packaging Products & Materials within the Materials sector. Amcor (AMCR), Avery Dennison (AVY), International Paper (IP), Smurfit Westrock (SW) are in the same group.
Understand the numbers
Source: Packaging Corporation of America’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.