Packaging Corporation of America logo PKG - Packaging Corporation of America

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 10
HOLD 14
SELL 2
STRONG
SELL
0
| PRICE TARGET: $251.75 DETAILS
HIGH: $258.00
LOW: $245.00
MEDIAN: $252.00
CONSENSUS: $251.75
UPSIDE: 16.60%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Revenue
Revenue 8,989.3 8,383.3 7,802.4 8,478 7,730.3 6,658.2 6,964.3 7,014.6 6,444.9 5,779 5,741.7 5,852.6 3,665.3 2,843.9 2,620.1 2,435.6 2,147.6 2,360.5 2,316.0 2,187.0 1,993.7 1,890.1 1,735.5 1,735.9 1,790.0 1,921.9 1,317.3 1,571.1
Cost of Revenue 7,099.7 6,600.2 6,103.5 6,387.4 5,857.3 5,271.9 5,320.3 5,369.3 4,974.1 4,502.9 4,533.7 4,623.1 2,797.8 2,209.2 2,078.1 1,903.4 1,721.0 1,869.1 1,791.4 1,743.2 1,686.8 1,592.4 1,437.7 1,411.2 1,372.0 1,274.2 916.4 1,194.7
Gross Profit 1,889.6 1,783.1 1,698.9 2,090.6 1,873 1,386.3 1,644 1,645.3 1,470.8 1,276.1 1,208 1,229.5 867.5 634.7 542.0 532.2 426.6 491.4 524.6 443.9 306.8 297.7 297.9 324.6 417.9 647.7 400.9 376.4
Operating Expenses
R&D Expenses 0 0 0 0 14.5 15.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 634.2 610.3 580.9 608.6 562.3 524.1 557.6 536.4 519.9 468.5 451.3 469.5 326.6 280.8 258.6 240.6 228.0 234.3 225.7 209.4 194.0 180.8 173.9 171.3 164.2 154.6 107.6 172.1
Other Expenses 0 71.5 42.9 61.3 12.9 5.1 32.7 41.2 18.4 24.3 6.7 57.3 59 (83.7) 10.7 106.2 (153.9) 15.3 (2.1) 1.6 (3.4) (29.7) 27.1 8.1 0 148.2 112.2 95
Operating Expenses 634.2 681.8 623.8 669.9 589.7 544.7 590.3 577.6 538.3 492.8 458 526.8 385.6 197.1 269.3 346.8 74.1 249.5 231.2 217.9 190.7 157.2 201.0 179.4 164.2 302.9 219.8 267.1
Operating Income
Operating Income 1,255.4 1,101.3 1,075.1 1,420.7 1,283.3 841.6 1,053.7 1,067.7 932.5 783.3 750 702.7 481.9 437.6 272.7 185.4 352.5 241.8 293.5 225.9 116.1 140.5 96.9 145.3 253.8 344.8 181.1 109.3
Interest Expense 79.1 41.4 53.3 70.4 152.4 93.5 128.8 95.1 102.6 91.8 85.5 88.4 58.3 62.9 29.2 32.3 35.6 36.9 35.1 0 0 0 0 0 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 5.2 9.5 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 1,759.7 1,631.4 1,585.1 1,892 1,678.6 1,136.1 1,433.3 1,476.5 1,322.6 1,141.3 1,106.5 1,084.3 699.8 613 435.6 341.7 335.2 389.6 441.5 378.3 274.5 300.1 255.7 298.7 400.1 493.1 293.3 204.3
EBIT 1,106.9 1,105.8 1,067.4 1,435.2 1,261.1 726.2 1,045.8 1,065.6 931.2 783.3 750 702.7 481.9 437.6 272.7 185.4 184.0 241.8 293.5 225.9 116.1 140.5 96.9 145.3 253.8 344.8 181.1 109.3
Income Before Tax 1,027.8 1,064.4 1,014.1 1,364.8 1,108.7 632.7 917 970.5 828.6 688.5 664.5 614.3 423.6 374.7 243.5 153.1 317.0 210.1 267.9 194.7 88.0 110.9 (24.9) 77.6 175.4 287.2 84.6 118.9
Income Tax Expense 253.7 259.3 248.9 335 267.6 171.7 220.6 232.5 160 238.9 227.7 221.7 (17.7) 216.7 85.5 (52.3) 51.1 74.5 97.8 69.7 35.4 42.2 (10.5) 29.4 67.9 114.2 37.2 47.5
Net Income 768.9 805.1 765.2 1,029.8 841.1 461 696.4 738 668.6 449.6 436.8 392.6 441.3 160.2 158.0 205.4 265.9 135.6 170.1 125.0 52.6 68.7 (14.4) 48.2 106.4 161.9 40.5 71.4
Per Share Data
EPS (Basic) 8.61 8.97 8.52 11.07 8.87 4.86 7.37 7.88 7.09 4.76 4.47 3.99 4.57 1.70 1.59 2.02 2.62 1.32 1.63 1.21 0.49 0.65 -0.14 0.46 1.00 1.37 0.34 0.76
EPS (Diluted) 8.58 8.93 8.48 11.02 8.83 4.85 7.35 7.86 7.07 4.75 4.47 3.99 4.52 1.68 1.57 2.00 2.60 1.31 1.61 1.20 0.49 0.64 -0.14 0.45 0.98 1.33 0.32 0.76
Shares Outstanding 90.0 89.1 89.1 92.3 94.1 94.1 93.8 93.6 93.5 93.5 96.6 97.0 96.6 96.4 99.3 101.7 101.6 102.8 104.5 103.6 107.3 106.4 104.6 105.1 106.3 104.6 92.1 94.6
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998
Current Assets
Cash & Cash Equivalents 529 685 648 320 618.7 974.6 679.5 361.5 216.9 239.3 260.7 149.4 213.3 172.0 131.3 82.5 7.9 10.3 0
Short-Term Investments 71.8 102 493.5 85.2 86.1 105.6 87.9 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 1,283.9 1,154.2 1,037.5 1,067.5 1,078.4 837.5 872.1 918.6 900.2 703.1 375.9 254.9 216.6 191.4 175.7 170.2 216.0 209.1 51.8
Inventory 1,243.2 1,124.9 1,013.1 977.3 902.5 787.9 794.1 795.6 762.5 723.6 213.4 207.0 179.3 166.3 160.5 170.2 159.7 163.9 150.7
Other Current Assets 85.8 166.9 62.3 58.3 0 0 0 0 0 0 22.1 15.2 59.1 29.7 19.4 13.3 20.1 19.6 41.1
Total Current Assets 3,213.7 3,233 3,254.4 2,508.3 2,732.7 2,750.3 2,478.4 2,115.1 1,915.1 1,696.3 885.2 633.2 677.1 567.1 509.6 448.2 403.7 402.9 243.6
Non-Current Assets
Property, Plant & Equipment 5,361.1 4,315.9 4,143.4 4,198.3 3,767.3 3,427.6 3,386 3,108.6 2,924.9 2,895.7 1,182.5 1,221.0 1,345.2 1,372.8 1,409.0 1,451.2 1,456.0 1,662.6 941.4
Goodwill 1,372.3 922.4 922.4 922.4 923.5 863.5 918.7 917.3 883.2 737.9 38.9 37.2 0 0 0 0 0 0 0
Intangible Assets 602.3 191.9 229.6 267.9 308.4 295.9 338.8 378.2 410 367.1 11.8 12.7 22.1 5.5 3.9 4.0 1.8 1.5 50.1
Long-Term Investments 67 65.2 64.1 64.9 60 42.7 58.1 (285.2) (239.5) 0 13.8 (208.9) (59.1) (29.7) (36.0) (13.3) 0 0 0
Other Non-Current Assets 109.1 104.8 67.2 42 44.9 53.2 55.8 50.5 64.3 80 34.5 35.7 38.5 40.3 60.2 68.3 80.7 86.2 132.4
Total Non-Current Assets 7,710.9 5,600.2 5,426.7 5,495.5 5,104.1 4,682.9 4,757.4 4,454.6 4,282.4 4,080.7 1,267.6 1,306.6 1,405.7 1,418.0 1,473.0 1,523.6 1,538.4 1,750.3 1,123.8
Total Assets 10,924.6 8,833.2 8,681.1 8,003.8 7,836.8 7,433.2 7,235.8 6,569.7 6,197.5 5,777 2,152.8 1,939.7 2,082.8 1,985.1 1,982.6 1,971.8 1,942.1 2,153.2 1,367.4
Current Liabilities
Account Payables 421 430.3 402.4 410.4 452.4 387 351.9 382.2 402.9 323.8 126.8 101.1 129.0 126.9 85.8 93.9 113.7 127.4 87.1
Short-Term Debt 102.1 0 399.6 0 0 0 0 0 150 25.8 109 109 109.2 112.8 113.1 0.1 0.2 0.8 0.6
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 156.5 300.4 187.8 191.7 190.7 160.7 159.9 171.4 158.5 158.6 0 0 0 0 0 0 104.6 99.3 76.5
Total Current Liabilities 1,015.1 1,001.6 1,265.7 875.5 884.8 782.6 723.8 693.6 832.7 625.4 371.0 362.0 335.1 343.0 296.8 191.9 218.5 227.5 164.2
Non-Current Liabilities
Long-Term Debt 3,967.3 2,474.2 2,472.2 2,473.6 2,471.5 2,479.4 2,476.8 2,483.7 2,480.4 2,620 548.7 548.4 585.7 585.2 629.1 795.2 869.2 1,329.2 16.9
Deferred Tax Liabilities 859.2 561.9 558 543 465.9 379.4 340.1 285.2 239.5 334.7 205.2 208.9 306.6 230.9 241.4 194.5 151.7 69.8 254.1
Other Non-Current Liabilities 189.5 176.8 167.1 199.2 215.4 357.5 430.5 417.2 443.3 416.8 106.6 113.4 37.8 28.5 19.4 20.4 15.2 7.5 23.9
Total Non-Current Liabilities 5,311.5 3,427.6 3,418.1 3,461.2 3,344.8 3,404.3 3,441 3,203.7 3,182.2 3,391.8 883.0 893.8 930.1 844.7 889.9 1,010.1 1,036.1 1,406.5 294.8
Total Liabilities 6,326.6 4,429.2 4,683.8 4,336.7 4,229.6 4,186.9 4,164.8 3,897.3 4,014.9 4,017.2 1,254.0 1,255.8 1,265.2 1,187.6 1,186.7 1,201.9 1,254.7 1,634 459
Stockholders' Equity
Common Stock 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 1.0 1.0 1.1 1.1 1.0 1.1 1.1 0.9 0
Retained Earnings 3,931 3,776.7 3,447.2 3,186.8 3,102.1 2,835.5 2,704.8 2,315.8 1,867.4 1,447.1 546.4 342.1 303.7 298.9 329.1 280.9 174.5 31.2 0
Accumulated Other Comprehensive Income (41.6) (43.4) (70.9) (102.4) (75.2) (144.5) (159.5) (138.8) (156.9) (139.6) (36.0) (38.3) 20.2 24.5 (0.8) (3.0) 0 0 908.4
Total Stockholders' Equity 4,598 4,404 3,997.3 3,667.1 3,607.2 3,246.3 3,071 2,672.4 2,182.6 1,759.8 898.8 683.9 817.6 797.5 795.9 769.8 687.4 519.2 908.4
Total Liabilities & Equity 10,924.6 8,833.2 8,681.1 8,003.8 7,836.8 7,433.2 7,235.8 6,569.7 6,197.5 5,777 2,152.8 1,939.7 2,082.8 1,985.1 1,982.6 1,971.8 1,942.1 2,153.2 1,367.4
Debt Metrics
Total Debt 4,364.9 2,771.5 3,173.2 2,793.1 2,732.3 2,737.9 2,734.5 2,502.7 2,650.7 2,667.4 680.9 681.1 694.9 698.0 742.2 795.2 869.4 1,330 17.5
Net Debt 3,835.9 2,086.5 2,525.2 2,473.1 2,113.6 1,763.3 2,055 2,141.2 2,433.8 2,428.1 420.2 531.7 481.6 525.9 610.9 712.8 861.5 1,319.7 17.5
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998
Operating Activities
Net Income 768.9 805.1 765.2 1,029.8 841.1 461 696.4 738 668.6 449.6 52.6 68.7 (14.4) 48.2 106.4 173.0 47.4 71.4
Depreciation & Amortization 652.8 525.6 517.7 456.8 429.2 408.5 382.8 417.1 391.4 334.8 158.4 159.6 158.8 153.4 146.4 148.2 112.2 95
Stock-Based Compensation 45.2 48.8 40 35.6 35.5 30 30.4 23.5 20.6 19.7 1.7 0 0 0 0 0 0 0
Change in Working Capital (54.7) (210.6) (6.8) (85.1) (287.4) 77.8 9.3 (52.9) (146.1) (0.8) 16.4 (41.1) 19.3 (9.7) 0.3 (5.5) 72.7 (25.1)
Other Non-Cash Items 48 22.3 (6.2) (28.1) 16.3 20.8 28.2 15.7 6.1 1.9 (2.1) (15.3) 91.4 12.1 14.0 (59.9) 0.1 (17.2)
Operating Cash Flow 1,557.5 1,191.2 1,315.1 1,495 1,094.1 1,032.8 1,207.4 1,180.1 856.1 801.2 242.7 215.3 244.9 240.0 313.4 339.0 254.4 195.4
Investing Activities
Capital Expenditure (828.9) (669.7) (469.7) (824.2) (605.1) (421.2) (399.5) (551.4) (343) (274.3) (125.3) (108.6) (113.2) (107.4) (131.2) (133.7) (94.2) (103.4)
Acquisitions (1,804.3) 1.3 0 2.2 (194.9) 4.6 4.1 (56.3) (273.8) (485.4) (48.7) (38.4) (3.8) 0 (4.8) 0 0 0
Purchases of Investments (113.5) (114.3) (507.2) (126.1) (127.4) (110.1) (146.1) 0 0 0 0 (0.7) 0 0 0 0 0 0
Sales/Maturities of Investments 142.8 506.8 102.8 118.7 126.9 107 (4.1) 0 0 0 0 2 0 0 0 0 0 0
Other Investing Activities 31 0 (1) (4.3) 6.1 (6.4) (1) (0.5) 7.7 (9.9) 12.5 28.9 (0.9) (2.2) 2.0 252.6 17.8 (74.3)
Investing Cash Flow (2,572.9) (277.8) (875.1) (833.7) (794.4) (426.1) (546.6) (608.2) (609.1) (769.6) (161.5) (116.8) (117.9) (109.6) (134.0) 118.9 (76.4) (177.7)
Financing Activities
Net Debt Issuance 1,485.6 (401.9) 395.2 (1.7) (67.5) (1.5) (34.4) (151.3) (14.1) 347.5 (0.2) (3.9) (100.5) (53.0) (74.2) (460.2) (430.5) (10.3)
Stock Repurchased (153) (25.7) (57.2) (538) (205.9) (10.5) (8.2) (7.9) (10.8) (111.5) (93.1) (63.7) (17.5) (33.0) (38.3) (124.7) 0 0
Dividends Paid (449.6) (448.8) (448.9) (420.3) (379.8) (299.6) (298.7) (268.1) (237.6) (216.1) (96.9) (29.3) 0 0 0 0 0 0
Other Financing Activities (23.6) 0 (1.1) (15.4) (2.4) 0 (1.5) 0 (6.9) 3.6 0 29.3 20.1 0 0 (3.6) (70.3) (7.4)
Financing Cash Flow 859.4 (876.4) (112) (960) (655.6) (311.6) (342.8) (427.3) (269.4) 23.5 (181.9) (57.2) (86.2) (81.6) (104.8) (460.4) (167.8) (17.7)
Cash Position
Net Change in Cash (156) 37 328 (298.7) (355.9) 295.1 318 144.6 (22.4) 55.1 (100.7) 41.3 40.7 48.8 74.6 (2.4) (167.8) 0
Cash at Beginning 685 648 320 618.7 974.6 679.5 361.5 216.9 239.3 184.2 213.3 172.0 131.3 82.5 7.9 10.3 178.1 0
Cash at End 529 685 648 320 618.7 974.6 679.5 361.5 216.9 239.3 112.7 213.3 172.0 131.3 82.5 7.9 10.3 0
Free Cash Flow 728.6 521.5 845.4 670.8 489 611.6 807.9 628.7 513.1 526.9 117.4 106.7 131.7 132.6 182.3 205.3 160.2 92
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Income Statement
Revenue 8,989.3 8,383.3 7,802.4 8,478 7,730.3 6,658.2 6,964.3 7,014.6 6,444.9 5,779 5,741.7 5,852.6 3,665.3 2,843.9 2,620.1 2,435.6 2,147.6 2,360.5 2,316.0 2,187.0 1,993.7 1,890.1 1,735.5 1,735.9 1,790.0 1,921.9 1,317.3 1,571.1
Gross Profit 1,889.6 1,783.1 1,698.9 2,090.6 1,873 1,386.3 1,644 1,645.3 1,470.8 1,276.1 1,208 1,229.5 867.5 634.7 542.0 532.2 426.6 491.4 524.6 443.9 306.8 297.7 297.9 324.6 417.9 647.7 400.9 376.4
Operating Income 1,255.4 1,101.3 1,075.1 1,420.7 1,283.3 841.6 1,053.7 1,067.7 932.5 783.3 750 702.7 481.9 437.6 272.7 185.4 352.5 241.8 293.5 225.9 116.1 140.5 96.9 145.3 253.8 344.8 181.1 109.3
Net Income 768.9 805.1 765.2 1,029.8 841.1 461 696.4 738 668.6 449.6 436.8 392.6 441.3 160.2 158.0 205.4 265.9 135.6 170.1 125.0 52.6 68.7 (14.4) 48.2 106.4 161.9 40.5 71.4
EPS (Diluted) 8.58 8.93 8.48 11.02 8.83 4.85 7.35 7.86 7.07 4.75 4.47 3.99 4.52 1.68 1.57 2.00 2.60 1.31 1.61 1.20 0.49 0.64 -0.14 0.45 0.98 1.33 0.32 0.76
Balance Sheet
Cash & Equivalents 529 685 648 320 618.7 974.6 679.5 361.5 216.9 239.3 260.7 149.4 213.3 172.0 131.3 82.5 7.9 10.3 0
Total Assets 10,924.6 8,833.2 8,681.1 8,003.8 7,836.8 7,433.2 7,235.8 6,569.7 6,197.5 5,777 2,152.8 1,939.7 2,082.8 1,985.1 1,982.6 1,971.8 1,942.1 2,153.2 1,367.4
Total Debt 4,364.9 2,771.5 3,173.2 2,793.1 2,732.3 2,737.9 2,734.5 2,502.7 2,650.7 2,667.4 680.9 681.1 694.9 698.0 742.2 795.2 869.4 1,330 17.5
Stockholders' Equity 4,598 4,404 3,997.3 3,667.1 3,607.2 3,246.3 3,071 2,672.4 2,182.6 1,759.8 898.8 683.9 817.6 797.5 795.9 769.8 687.4 519.2 908.4
Cash Flow
Operating Cash Flow 1,557.5 1,191.2 1,315.1 1,495 1,094.1 1,032.8 1,207.4 1,180.1 856.1 801.2 242.7 215.3 244.9 240.0 313.4 339.0 254.4 195.4
Capital Expenditure (828.9) (669.7) (469.7) (824.2) (605.1) (421.2) (399.5) (551.4) (343) (274.3) (125.3) (108.6) (113.2) (107.4) (131.2) (133.7) (94.2) (103.4)
Free Cash Flow 728.6 521.5 845.4 670.8 489 611.6 807.9 628.7 513.1 526.9 117.4 106.7 131.7 132.6 182.3 205.3 160.2 92