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Companies / Materials / Packaging Corporation of America
PKG

Packaging Corporation of America

MaterialsPaper & PackagingS&P 500
Ticker PKGLAKE FOREST, ILFiscal year ends DecemberBook value per share $52.32Diluted shares 89.1M

Packaging Corporation of America (NYSE: PKG) produces containerboard, corrugated packaging and uncoated freesheet paper in the United States. Its packaging products include shipping boxes, retail displays and protective packaging, serving food, beverage, agricultural, industrial and consumer-product markets; paper… From the company’s description.

In fiscal 2025, Packaging Corporation of America reported revenue of $8.99B, up 7.2% from fiscal 2024, and net income of $774.10M. Its operating margin was 12.3%, and operations generated $1.56B in cash. Over the twelve months to Jun 30, 2026, revenue was $9.53B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$8.99BFY2025
+7.2% year over year
Last 12 mo $9.53B
12.31%FY2025
−0.8 percentage points
Last 12 mo 10.86%
$774.10MFY2025
−3.9% year over year
Last 12 mo $691.80M
16.84%FY2025
−1.6 percentage points
Last 12 mo 14.84%
Cash & financing
$1.56BFY2025
+30.8% year over year
Last 12 mo $1.62B
$726.20MFY2025
+39.8% year over year
Last 12 mo $739.90M
0.86FY2025
Was 0.56× a year earlier
Last 12 mo 0.85
89.6MFY2025
+0.1% year over year
Last 12 mo 89.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Packaging Corporation of America does

In the company’s own words

Packaging Corporation of America (NYSE: PKG) produces containerboard, corrugated packaging and uncoated freesheet paper in the United States. Its packaging products include shipping boxes, retail displays and protective packaging, serving food, beverage, agricultural, industrial and consumer-product markets; paper products include office, printing and converting papers sold to distributors, retailers, merchants and converters. PCA reports Packaging, Paper, and Corporate and Other segments. Packaging operates containerboard mills and corrugated products plants, while Paper produces commodity and specialty papers at one mill; Corporate and Other includes corporate support and transportation assets. In 2025, PCA produced 5.2 million tons of containerboard and shipped 71 billion square feet of corrugated products, and employed approximately 16,800 people. On September 2, 2025, the company acquired Greif’s containerboard business, adding two mills and eight sheet feeder and corrugated plants. Its website is www.packagingcorp.com.

Company details
Sector
Materials
Industry (SIC)
Paper & Packaging
Headquarters
LAKE FOREST, IL
Fiscal year end
December
CIK
75677
SIC
2650

Financial performance, year by year

Fiscal 2013–2025 · USD
$-953.46M$1.91B$4.77B$7.63B$10.49B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Packaging Corporation of America — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

696
funds hold it
0 of 35
superinvestors hold it
$9.02B
held by funds, at market
43.8%
of shares held by funds
6
bond issues held by funds

Largest fund holders · Packaging Corporation of America’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.03%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.03%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.21%of fund net assets
JPMorgan Equity Income Fund
HLIEX · JPMorgan Trust II
0.72%of fund net assets
Victory Sycamore Established Value Fund
VETAX · Victory Portfolios
1.98%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Packaging Corporation of America’s bonds, as funds hold them

Funds report holding 6 issues of Packaging Corporation of America’s debt, $289.35M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.26%, maturing 2027 to 2051.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Packaging Corporation of America and its peers compare on margins and cash generation over ten years?”
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