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Packaging Corp of America

PKG

Packaging Corporation of America is a leading North American producer of containerboard products and uncoated freesheet paper.

Market cap
$20B+9.9%
Revenue$9.2B+7.9%
Net income$741.1M-14.0%
Free cash flow$702.2M+32.8%
EPS (diluted)$8.22-14.0%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 22, 2026 (In 1 week)
Revenue estimate$2.5B
EPS estimate$2.36

Financials

Q1 2026

Income statement

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Revenue$2.4B+10.6%
Gross profit$452.9M-0.4%
Operating income$251.3M-10.3%
Net income$170.9M-16.1%
EPS (diluted)$1.91-15.5%

Balance sheet

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Cash & equivalents$397.1M-47.2%
Total debt$4.4B+55.8%
Total equity$4.6B+2.0%
Total assets$10.8B+20.2%

Cash flow

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Operating cash flow$329.3M-2.9%
CapEx$164.7M+11.2%
Free cash flow$164.6M-13.8%

Valuation & ratios

Valuation

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Market cap$20B+9.9%
Enterprise value$23.97B+18.5%
P/E27×+6.9×
P/S2.2×+0.1×

Profitability

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Gross margin20.5%-1.4pp
Operating margin11.7%-2.2pp
Net margin8%-2.0pp
FCF margin7.6%+1.4pp

Returns & leverage

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Return on equity16.3%-3.9pp
Debt / equity+0.3×
Current ratio3.1×-0.2×

Segments

By segment

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Packaging$2.2B+11.1%
Paper$159.9M+3.7%

By product

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Trade$2.4B+10.6%
Intersegment$38.7M-3.0%

Competitors

Profile

Packaging Corporation of America is a leading North American producer of containerboard products and uncoated freesheet paper. The company operates a vertically integrated network of mills and corrugated manufacturing plants to provide sustainable packaging solutions for industrial and consumer markets. Its core value proposition centers on high-quality, recyclable products supported by regional design and distribution capabilities.

Competitive position

PCA is the third largest producer of containerboard products in North America and a leading producer of uncoated freesheet paper.

GeographiesUnited States, North America
Customer segmentsCPG companies, Industrial manufacturers, Agricultural producers, Office supply retailers
Business modelVertical integration, Manufacturing, B2B Distribution
SuppliersVirgin wood fiber, Recycled fiber, Caustic soda, Starch, Natural gas, Electricity
CustomersConsumer goods manufacturers, E-commerce fulfillment centers, Food processing plants, Office supply distributors
Listed2000
Employees14.9K
CEOMark W. Kowlzan
FilingsSEC EDGAR

Questions, answered.

What is Packaging Corp of America's market cap?
Packaging Corp of America (PKG) has a market capitalization of $20.0B and trades on NYSE.
What is Packaging Corp of America's revenue and profitability?
Packaging Corp of America generated $9.2B in trailing twelve-month revenue with net income of $741.1M, representing a net margin of 8.0%. Gross margin stands at 20.5%, with free cash flow of $702.2M. These figures are based on the Q1 2026 filing.
Who are Packaging Corp of America's competitors?
Packaging Corp of America's key competitors include International Paper, Smurfit WestRock, Sylvamo Corporation, and others. These companies compete in similar markets and product categories.
Who does Packaging Corp of America partner with?
Packaging Corp of America's notable partners include ODP Corporation, Sustainable Forestry Initiative, Forest Stewardship Council.
What subsidiaries does Packaging Corp of America have?
Packaging Corp of America's subsidiaries include Louisiana Timber Procurement Company, L.L.C..
Where is Packaging Corp of America headquartered?
Packaging Corp of America is headquartered in United States of America and employs approximately 14,900 people. It has been publicly traded since 2000.