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Packaging Corp of America PKG Paper — Operating Income

Other segment segments

Packaging
-$1.11B-15.7%

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Other financials

Income statement

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Revenue$2.5B+14.7%
Gross profit$512.5M+6.1%
Operating income$291.2M-12.7%
Net income$192.1M-20.5%
EPS (diluted)$2.15-19.5%

Balance sheet

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Cash & equivalents$442.8M-43.8%
Total debt$4.4B+56.7%
Total equity$4.7B+0.6%
Total assets$11.0B+21.8%

Cash flow

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Operating cash flow$376.0M+25.5%
CapEx$205.9M+21.3%
Free cash flow$170.1M+30.9%

Valuation

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Market cap$22.52B+30.2%
Enterprise value$26.48B+37.1%
P/E32.6×+13.4×
P/S2.4×+0.4×

Profitability

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Gross margin20.1%-2.0pp
Operating margin10.9%-3.5pp
Net margin7.3%-3.2pp
FCF margin7.8%+0.5pp

Returns & leverage

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Return on equity14.9%-5.8pp
Debt / equity0.9×+0.3×
Current ratio2.9×-0.6×

Where this comes from

Reported directly by Packaging Corp of America in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Packaging Corp of America’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 9:59 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-339405
Three Months Ended June 30, 2026PackagingPaperCorporate and OtherTotal
Elimination of intersegment sales(41.6)
Net sales2,489.9
Less (a):
Variable costs (b)(1,110.6)(83.2)
Fixed costs (c)(522.7)(21.0)
Freight(268.7)(18.9)
Other segment items (d)(96.1)0.1(119.2)
Income (loss) from operations313.234.3(56.3)291.2

Item 1. FINANCIAL STATEMENTS

FAQ

What is Packaging Corp of America's paper — operating income?
Packaging Corp of America (PKG) reported paper — operating income of -$83.2M in Q2 2026.
How has Packaging Corp of America's paper — operating income changed year-over-year?
Packaging Corp of America's paper — operating income decreased by 0.5% year-over-year, from -$82.8M to -$83.2M.
What is the long-term trend for Packaging Corp of America's paper — operating income?
Over 4 years (2021 to 2025), Packaging Corp of America's paper — operating income has grown at a 71.5% compound annual growth rate (CAGR), from -$39.1M to -$338.1M.
What does paper — operating income mean?
This measures the profitability of the Paper segment by subtracting operating expenses from segment revenue. It reflects the core operational efficiency and cost management of the paper manufacturing business.

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