Packaging Corporation of America (PKG) Financial Statements
Packaging Corporation of America financial statements at a glance
Packaging Corporation of America reported revenue of $8.99 billion for fiscal year 2025 (ended December 31, 2025), up 7.2% from fiscal year 2024. Net income was $768.90 million, a net margin of 8.6%, and diluted earnings per share were $8.58.
At the end of fiscal year 2025 it had total assets of $10.73 billion, total liabilities of $6.13 billion and shareholders' equity of $4.60 billion, with cash and short-term investments of $600.80 million and total debt of $4.36 billion.
Its operations brought in $1.56 billion of cash; capital spending was $828.90 million, leaving free cash flow of $728.60 million.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Packaging Corporation of America
Income Statement
Annual • USD
Packaging Corporation of America key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $9.0B | $8.4B | $7.8B | $8.5B | $7.7B |
| Gross profit | $1.9B | $1.8B | $1.7B | $2.1B | $1.9B |
| Operating income | $1.3B | $1.1B | $1.1B | $1.4B | $1.3B |
| Net income | $768.9M | $805.1M | $765.2M | $1.0B | $834.7M |
| Diluted EPS | $8.58 | – | – | – | $8.83 |
| Total assets | $10.7B | $8.8B | $8.7B | $8.0B | $7.8B |
| Total liabilities | $6.1B | $4.4B | $4.7B | $4.3B | $4.2B |
| Shareholders' equity | $4.6B | $4.4B | $4.0B | $3.7B | $3.6B |
| Cash and short-term investments | $600.8M | – | – | – | $704.8M |
| Total debt | $4.4B | $2.5B | $2.9B | $2.5B | $2.7B |
| Operating cash flow | $1.6B | $1.2B | $1.3B | $1.5B | $1.1B |
| Capital spending | $828.9M | – | – | – | $605.1M |
| Free cash flow | $728.6M | – | – | – | $489.0M |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was Packaging Corporation of America's revenue in fiscal year 2025?
$8.99 billion, up 7.2% from $8.38 billion in fiscal year 2024.
How much profit does Packaging Corporation of America make?
Packaging Corporation of America reported net income of $768.90 million for fiscal year 2025 (8.6% of revenue); operating income was $1.26 billion.
How much cash and debt does Packaging Corporation of America have?
At the end of fiscal year 2025: cash and short-term investments of $600.80 million and total debt of $4.36 billion.
What is Packaging Corporation of America's free cash flow?
$728.60 million in fiscal year 2025 (operating cash flow of $1.56 billion minus capital spending of $828.90 million).
