Packaging Corp Amer Financials
This page shows Packaging Corp Amer (PKG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Packaging Corp Amer has an operating margin of 13.1%, meaning the company retains $13 of operating profit per $100 of revenue. This strong profitability earns a score of 66/100, reflecting efficient cost management and pricing power. This is down from 13.8% the prior year.
Packaging Corp Amer's revenue grew 7.4% year-over-year to $8.4B, a solid pace of expansion. This earns a growth score of 50/100.
Packaging Corp Amer carries a low D/E ratio of 0.56, meaning only $0.56 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 90/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.23, Packaging Corp Amer holds $3.23 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Packaging Corp Amer has a free cash flow margin of 6.2%, earning a moderate score of 31/100. The company generates positive cash flow after capital investments, but with room for improvement.
Packaging Corp Amer earns a strong 18.3% return on equity (ROE), meaning it generates $18 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 73/100. This is down from 19.1% the prior year.
Packaging Corp Amer scores 5.26, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($22.2B) relative to total liabilities ($4.4B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Packaging Corp Amer passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Packaging Corp Amer generates $1.48 in operating cash flow ($1.2B OCF vs $805.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Packaging Corp Amer earns $26.6 in operating income for every $1 of interest expense ($1.1B vs $41.4M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Packaging Corp Amer generated $8.4B in revenue in fiscal year 2024. This represents an increase of 7.4% from the prior year.
Packaging Corp Amer's EBITDA was $1.6B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 2.1% from the prior year.
Packaging Corp Amer generated $521.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 38.3% from the prior year.
Packaging Corp Amer reported $805.1M in net income in fiscal year 2024. This represents an increase of 5.2% from the prior year.
Packaging Corp Amer earned $8.93 per diluted share (EPS) in fiscal year 2024. This represents an increase of 5.3% from the prior year.
Packaging Corp Amer held $685.0M in cash against $2.5B in long-term debt as of fiscal year 2024.
Packaging Corp Amer paid $5.00 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Packaging Corp Amer's gross margin was 21.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.5 percentage points from the prior year.
Packaging Corp Amer's operating margin was 13.1% in fiscal year 2024, reflecting core business profitability. This is down 0.6 percentage points from the prior year.
Packaging Corp Amer's net profit margin was 9.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 0.2 percentage points from the prior year.
Packaging Corp Amer's ROE was 18.3% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 0.9 percentage points from the prior year.
Packaging Corp Amer spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
Packaging Corp Amer invested $669.7M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 42.6% from the prior year.
PKG Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.3B+6.5% | $2.2B+1.4% | $2.1B-0.2% | $2.1B+3.4% | $2.1B+4.8% | $2.0B+2.1% | $1.9B+0.1% | $1.9B |
| Cost of Revenue | $1.8B+7.2% | $1.7B+0.1% | $1.7B+0.6% | $1.7B+2.4% | $1.6B+1.8% | $1.6B+5.3% | $1.5B+0.3% | $1.5B |
| Gross Profit | $504.3M+4.4% | $483.0M+6.2% | $454.7M-3.2% | $469.8M+7.3% | $437.7M+18.2% | $370.4M-9.7% | $410.1M-0.6% | $412.7M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $154.3M+0.7% | $153.2M-5.1% | $161.4M+9.9% | $146.9M-1.7% | $149.5M-1.6% | $151.9M+6.3% | $142.9M-0.9% | $144.2M |
| Operating Income | $324.5M-2.8% | $333.7M+19.1% | $280.3M-7.2% | $302.2M+9.5% | $276.0M+40.8% | $196.0M-25.0% | $261.4M+1.1% | $258.6M |
| Interest Expense | -$19.3M-47.3% | -$13.1M-1.6% | -$12.9M-10.3% | -$11.7M-12.5% | -$10.4M-8.3% | -$9.6M+12.7% | -$11.0M+10.6% | -$12.3M |
| Income Tax | $78.3M-1.0% | $79.1M+24.4% | $63.6M-9.7% | $70.4M+3.8% | $67.8M+67.0% | $40.6M-78.6% | $189.5M+209.1% | $61.3M |
| Net Income | $226.9M-6.0% | $241.5M+18.5% | $203.8M-7.9% | $221.2M+11.2% | $198.9M+35.4% | $146.9M-22.4% | $189.2M+3.3% | $183.2M |
| EPS (Diluted) | $2.51-6.0% | $2.67+18.1% | $2.26-7.8% | $2.45+10.9% | $2.21 | $1.63-22.4% | $2.10+3.4% | $2.03 |
PKG Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $11.0B+21.4% | $9.0B+0.8% | $9.0B+1.5% | $8.8B-1.7% | $9.0B+1.4% | $8.9B+2.0% | $8.7B+6.2% | $8.2B |
| Current Assets | $3.5B+4.8% | $3.3B+1.0% | $3.3B+2.1% | $3.2B-7.2% | $3.5B+1.1% | $3.4B+5.9% | $3.3B+17.3% | $2.8B |
| Cash & Equivalents | $634.0M-19.5% | $787.9M+4.8% | $751.7M+9.7% | $685.0M+11.6% | $613.6M-11.4% | $692.4M+6.9% | $648.0M+13.0% | $573.2M |
| Inventory | $1.3B+11.6% | $1.1B+0.4% | $1.1B+1.4% | $1.1B+9.3% | $1.0B+2.6% | $1.0B-0.9% | $1.0B+2.7% | $986.1M |
| Accounts Receivable | $1.4B+13.2% | $1.2B+2.7% | $1.2B+1.8% | $1.1B-0.1% | $1.1B+9.6% | $1.0B+1.2% | $1.0B-1.1% | $1.0B |
| Goodwill | $1.2B+30.1% | $922.4M0.0% | $922.4M0.0% | $922.4M0.0% | $922.4M0.0% | $922.4M0.0% | $922.4M0.0% | $922.4M |
| Total Liabilities | $6.2B+41.2% | $4.4B-1.4% | $4.5B+0.9% | $4.4B-8.8% | $4.9B+0.6% | $4.8B+3.0% | $4.7B+9.2% | $4.3B |
| Current Liabilities | $1.1B+17.4% | $943.0M-6.4% | $1.0B+0.6% | $1.0B-30.0% | $1.4B+2.2% | $1.4B+10.6% | $1.3B-1.0% | $1.3B |
| Long-Term Debt | $4.0B+60.2% | $2.5B0.0% | $2.5B0.0% | $2.5B0.0% | $2.5B0.0% | $2.5B0.0% | $2.5B+19.1% | $2.1B |
| Total Equity | $4.8B+2.7% | $4.6B+3.0% | $4.5B+2.2% | $4.4B+6.7% | $4.1B+2.4% | $4.0B+0.8% | $4.0B+2.8% | $3.9B |
| Retained Earnings | $4.1B+2.9% | $4.0B+3.1% | $3.9B+2.0% | $3.8B+6.6% | $3.5B+2.5% | $3.5B+0.4% | $3.4B+2.3% | $3.4B |
PKG Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $472.2M+57.6% | $299.6M-11.6% | $339.1M+4.2% | $325.4M+16.9% | $278.3M+6.9% | $260.4M-22.3% | $335.3M-1.2% | $339.5M |
| Capital Expenditures | $192.1M+13.2% | $169.7M+14.6% | $148.1M-26.4% | $201.3M-17.8% | $245.0M+219.4% | $76.7M-45.6% | $141.1M+57.1% | $89.8M |
| Free Cash Flow | $280.1M+115.6% | $129.9M-32.0% | $191.0M+53.9% | $124.1M+272.7% | $33.3M-81.9% | $183.7M-5.4% | $194.2M-22.2% | $249.7M |
| Investing Cash Flow | -$2.0B-1300.8% | -$142.8M+1.0% | -$144.2M+29.1% | -$203.3M+16.3% | -$242.8M-199.8% | -$81.0M+85.1% | -$544.0M-511.9% | -$88.9M |
| Financing Cash Flow | $1.4B+1239.6% | -$120.6M+5.9% | -$128.2M-12.8% | -$113.7M+0.5% | -$114.3M+15.3% | -$135.0M-147.6% | $283.5M+283.5% | -$154.5M |
| Dividends Paid | $112.4M0.0% | $112.4M+0.1% | $112.3M0.0% | $112.3M+0.1% | $112.2M+0.2% | $112.0M0.0% | $112.0M-0.4% | $112.4M |
| Share Buybacks | N/A | N/A | N/A | $0 | N/A | N/A | $0 | N/A |
PKG Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.8%-0.4pp | 22.2%+1.0pp | 21.2%-0.7pp | 21.9%+0.8pp | 21.1%+2.4pp | 18.7%-2.5pp | 21.2%-0.2pp | 21.3% |
| Operating Margin | 14.0%-1.3pp | 15.4%+2.3pp | 13.1%-1.0pp | 14.1%+0.8pp | 13.3%+3.4pp | 9.9%-3.6pp | 13.5%+0.1pp | 13.4% |
| Net Margin | 9.8%-1.3pp | 11.1%+1.6pp | 9.5%-0.8pp | 10.3%+0.7pp | 9.6%+2.2pp | 7.4%-2.3pp | 9.8%+0.3pp | 9.5% |
| Return on Equity | 4.8%-0.4pp | 5.2%+0.7pp | 4.5%-0.5pp | 5.0%+0.2pp | 4.8%+1.2pp | 3.6%-1.1pp | 4.7%+0.0pp | 4.7% |
| Return on Assets | 2.1%-0.6pp | 2.7%+0.4pp | 2.3%-0.2pp | 2.5%+0.3pp | 2.2%+0.6pp | 1.7%-0.5pp | 2.2%-0.1pp | 2.2% |
| Current Ratio | 3.16-0.4 | 3.54+0.3 | 3.28+0.0 | 3.23+0.8 | 2.43-0.0 | 2.46-0.1 | 2.57+0.4 | 2.17 |
| Debt-to-Equity | 0.83+0.3 | 0.53-0.0 | 0.55-0.0 | 0.56-0.0 | 0.60-0.0 | 0.610.0 | 0.62+0.1 | 0.53 |
| FCF Margin | 12.1%+6.1pp | 6.0%-2.9pp | 8.9%+3.1pp | 5.8%+4.2pp | 1.6%-7.7pp | 9.3%-0.7pp | 10.0%-2.9pp | 12.9% |
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Frequently Asked Questions
What is Packaging Corp Amer's annual revenue?
Packaging Corp Amer (PKG) reported $8.4B in total revenue for fiscal year 2024. This represents a 7.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Packaging Corp Amer's revenue growing?
Packaging Corp Amer (PKG) revenue grew by 7.4% year-over-year, from $7.8B to $8.4B in fiscal year 2024.
Is Packaging Corp Amer profitable?
Yes, Packaging Corp Amer (PKG) reported a net income of $805.1M in fiscal year 2024, with a net profit margin of 9.6%.
What is Packaging Corp Amer's earnings per share (EPS)?
Packaging Corp Amer (PKG) reported diluted earnings per share of $8.93 for fiscal year 2024. This represents a 5.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Packaging Corp Amer's EBITDA?
Packaging Corp Amer (PKG) had EBITDA of $1.6B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Packaging Corp Amer have?
As of fiscal year 2024, Packaging Corp Amer (PKG) had $685.0M in cash and equivalents against $2.5B in long-term debt.
What is Packaging Corp Amer's gross margin?
Packaging Corp Amer (PKG) had a gross margin of 21.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Packaging Corp Amer's operating margin?
Packaging Corp Amer (PKG) had an operating margin of 13.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Packaging Corp Amer's net profit margin?
Packaging Corp Amer (PKG) had a net profit margin of 9.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Packaging Corp Amer pay dividends?
Yes, Packaging Corp Amer (PKG) paid $5.00 per share in dividends during fiscal year 2024.
What is Packaging Corp Amer's return on equity (ROE)?
Packaging Corp Amer (PKG) has a return on equity of 18.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Packaging Corp Amer's free cash flow?
Packaging Corp Amer (PKG) generated $521.5M in free cash flow during fiscal year 2024. This represents a -38.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Packaging Corp Amer's operating cash flow?
Packaging Corp Amer (PKG) generated $1.2B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Packaging Corp Amer's total assets?
Packaging Corp Amer (PKG) had $8.8B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Packaging Corp Amer's capital expenditures?
Packaging Corp Amer (PKG) invested $669.7M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Packaging Corp Amer's current ratio?
Packaging Corp Amer (PKG) had a current ratio of 3.23 as of fiscal year 2024, which is generally considered healthy.
What is Packaging Corp Amer's debt-to-equity ratio?
Packaging Corp Amer (PKG) had a debt-to-equity ratio of 0.56 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Packaging Corp Amer's return on assets (ROA)?
Packaging Corp Amer (PKG) had a return on assets of 9.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Packaging Corp Amer's Altman Z-Score?
Packaging Corp Amer (PKG) has an Altman Z-Score of 5.26, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Packaging Corp Amer's Piotroski F-Score?
Packaging Corp Amer (PKG) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Packaging Corp Amer's earnings high quality?
Packaging Corp Amer (PKG) has an earnings quality ratio of 1.48x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Packaging Corp Amer cover its interest payments?
Packaging Corp Amer (PKG) has an interest coverage ratio of 26.6x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Packaging Corp Amer?
Packaging Corp Amer (PKG) scores 68 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.