Packaging Corp of America financials
$233.28−0.53%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.99B | $8.38B | $7.80B | $8.48B | $7.73B | $6.66B | $6.96B | $7.01B | $6.44B | $5.78B |
| Gross profit | $1.89B | $1.78B | $1.70B | $2.09B | $1.87B | $1.37B | $1.64B | $1.65B | $1.47B | $1.28B |
| Gross margin | 21.0% | 21.3% | 21.8% | 24.7% | 24.2% | 20.6% | 23.6% | 23.5% | 22.8% | 22.1% |
| Operating income | $1.26B | $1.18B | $1.11B | $1.44B | $1.26B | $726.2M | $1.05B | $1.07B | $931.2M | $783.3M |
| Net income | $768.9M | $799.5M | $759.0M | $1.02B | $841.1M | $457.4M | $691.2M | $732.3M | $663.0M | $445.2M |
| Net margin | 8.6% | 9.5% | 9.7% | 12.1% | 10.9% | 6.9% | 9.9% | 10.4% | 10.3% | 7.7% |
| Diluted EPS | $8.58 | $8.93 | $8.48 | $11.03 | $8.83 | $4.84 | $7.34 | $7.80 | $7.07 | $4.75 |
| EBITDA | $1.91B | $1.71B | $1.63B | $1.89B | $1.68B | $1.19B | $1.46B | $1.49B | $1.33B | $1.15B |
| Operating cash flow | $1.56B | $1.19B | $1.32B | $1.50B | $1.09B | $1.03B | $1.21B | $1.18B | $856.1M | $806.9M |
| Free cash flow | $726.2M | $519.6M | $842.8M | $664.6M | $487.2M | $605.2M | $804.1M | $624.2M | $505.3M | $522.2M |
| Diluted shares | 89.6M | 89.5M | 89.5M | 92.7M | 94.5M | 94.4M | 94.1M | 93.9M | 93.7M | 93.7M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $529.0M | $685.0M | $648.0M | $320.0M | $618.7M | $974.6M |
| Short-term investments | $71.8M | $102.0M | $493.5M | $85.2M | $86.1M | $105.6M |
| Total debt | $4.00B | $2.49B | $2.90B | $2.50B | $2.50B | $2.51B |
| Total assets | $10.73B | $8.83B | $8.68B | $8.00B | $7.84B | $7.43B |
| Total liabilities | $6.13B | $4.43B | $4.68B | $4.34B | $4.23B | $4.19B |
| Shareholders' equity | $4.60B | $4.40B | $4.00B | $3.67B | $3.61B | $3.25B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology