Packaging Co. of America (PKG) Financials

$193.02 +0.02 (+0.01%)

Closing price 05/30/2025 03:59 PM Eastern

Extended Trading

$192.61 -0.41 (-0.21%)

As of 05/30/2025 05:26 PM Eastern

Annual Income Statements for Packaging Co. of America

This table shows Packaging Co. of America's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	833	797	1,003	910	461	696	738	669	450	437
Consolidated Net Income / (Loss)	805	765	1,030	841	461	696	738	669	450	437
Net Income / (Loss) Continuing Operations	805	765	1,030	841	461	696	738	669	450	437
Total Pre-Tax Income	1,064	1,014	1,365	1,109	633	917	971	829	689	665
Total Operating Income	1,101	1,075	1,421	1,241	724	1,054	1,068	933	783	750
Total Gross Profit	1,783	1,699	2,091	1,873	1,369	1,644	1,645	1,471	1,276	1,208
Total Revenue	8,383	7,802	8,478	7,730	6,658	6,964	7,015	6,445	5,779	5,742
Operating Revenue	8,383	7,802	8,478	7,730	6,658	6,964	7,015	6,445	5,779	5,742
Total Cost of Revenue	6,600	6,104	6,387	5,857	5,289	5,320	5,369	4,974	4,503	4,534
Operating Cost of Revenue	6,600	6,104	6,387	5,857	5,289	5,320	5,369	4,974	4,503	4,534
Total Operating Expenses	682	624	670	632	646	590	578	538	493	458
Selling, General & Admin Expense	682	624	670	632	590	590	578	538	493	458
Total Other Income / (Expense), net	-37	-61	-56	-133	-91	-137	-97	-104	-95	-86
Interest Expense	41	53	70	152	94	129	95	103	95	-
Other Income / (Expense), net	4.50	-7.70	15	20	2.30	-7.90	-2.10	-1.30	-	-
Income Tax Expense	259	249	335	268	172	221	233	160	239	228
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	-28	-33	29	-69	-	-	-	-	-	-
Basic Earnings per Share	$8.97	$8.52	$11.08	$8.87	$4.86	$7.36	$7.82	$7.09	$4.76	$4.47
Weighted Average Basic Shares Outstanding	89.80M	89.62M	89.69M	93.53M	94.83M	94.65M	93.70M	93.50M	93.50M	96.60M
Diluted Earnings per Share	$8.93	$8.48	$11.03	$8.83	$4.84	$7.34	$7.80	$7.07	$4.75	$4.47
Weighted Average Diluted Shares Outstanding	89.80M	89.62M	89.69M	93.53M	94.83M	94.65M	93.70M	93.50M	93.50M	96.60M
Weighted Average Basic & Diluted Shares Outstanding	89.80M	89.62M	89.69M	93.53M	94.83M	94.65M	93.70M	93.50M	93.50M	96.60M
Cash Dividends to Common per Share	$5.00	$5.00	$4.75	$4.00	$3.37	$3.16	$3.00	$2.52	$2.36	$2.20

This table shows Packaging Co. of America's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	205	110	240	335	148	86	185	333	192	184	263
Consolidated Net Income / (Loss)	204	86	238	335	147	59	183	333	190	212	263
Net Income / (Loss) Continuing Operations	204	86	238	335	147	59	183	333	190	212	263
Total Pre-Tax Income	267	292	319	267	188	249	245	268	253	277	347
Total Operating Income	280	302	327	276	196	261	259	284	271	288	360
Total Gross Profit	455	470	505	438	370	410	413	445	431	450	518
Total Revenue	2,141	2,146	2,182	2,075	1,980	1,938	1,936	1,952	1,976	1,978	2,126
Operating Revenue	2,141	2,146	2,182	2,075	1,980	1,938	1,936	1,952	1,976	1,978	2,126
Total Cost of Revenue	1,686	1,676	1,677	1,638	1,609	1,528	1,523	1,507	1,545	1,528	1,608
Operating Cost of Revenue	1,686	1,676	1,677	1,638	1,609	1,528	1,523	1,507	1,545	1,528	1,608
Total Operating Expenses	174	168	178	162	174	149	154	160	161	162	158
Selling, General & Admin Expense	174	168	178	162	174	149	154	160	161	162	158
Total Other Income / (Expense), net	-13	-11	-8.50	-9.30	-8.50	-13	-14	-17	-17	-12	-13
Interest Expense	13	13	9.70	9.30	9.60	9.00	12	17	15	15	17
Other Income / (Expense), net	0.00	-	1.20	-	1.10	-	-1.80	-	-2.00	3.70	3.60
Income Tax Expense	64	206	81	-68	41	190	61	-65	63	65	85
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	-1.20	-	-3.00	-	-0.80	-	-2.40	-	-2.60	-	0.00
Basic Earnings per Share	$2.27	$2.46	$2.65	$2.22	$1.64	$2.11	$2.04	$2.25	$2.12	$2.34	$2.81
Weighted Average Basic Shares Outstanding	89.98M	89.80M	89.80M	89.81M	89.80B	89.62M	89.62M	89.92M	89.93B	89.69M	92.53M
Diluted Earnings per Share	$2.26	$2.45	$2.64	$2.21	$1.63	$2.10	$2.03	$2.24	$2.11	$2.33	$2.80
Weighted Average Diluted Shares Outstanding	89.98M	89.80M	89.80M	89.81M	89.80B	89.62M	89.62M	89.92M	89.93B	89.69M	92.53M
Weighted Average Basic & Diluted Shares Outstanding	89.98M	89.80M	89.80M	89.81M	89.80B	89.62M	89.62M	89.92M	89.93B	89.69M	92.53M
Cash Dividends to Common per Share	$1.25	$1.25	$1.25	$1.25	$1.25	$1.25	$1.25	$1.25	$1.25	$1.25	$1.25

This table details how cash moves in and out of Packaging Co. of America's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	37	328	-299	-356	295	318	145	-22	55	59
Net Cash From Operating Activities	1,191	1,315	1,495	1,094	1,033	1,207	1,180	856	807	769
Net Cash From Continuing Operating Activities	1,191	1,315	1,495	1,094	1,033	1,207	1,180	856	807	769
Net Income / (Loss) Continuing Operations	805	765	1,030	841	461	696	738	669	450	437
Consolidated Net Income / (Loss)	805	765	1,030	841	461	696	738	669	450	437
Depreciation Expense	526	518	457	418	410	388	411	391	358	357
Amortization Expense	2.30	2.20	2.10	4.40	2.60	23	8.60	10	7.80	7.80
Non-Cash Adjustments To Reconcile Net Income	49	18	3.40	47	29	34	37	14	-11	49
Changes in Operating Assets and Liabilities, net	-191	12	2.90	-216	131	66	-14	-228	2.30	-82
Net Cash From Investing Activities	-278	-875	-834	-794	-426	-547	-608	-609	-770	-298
Net Cash From Continuing Investing Activities	-278	-875	-834	-794	-426	-547	-608	-609	-770	-298
Purchase of Property, Plant & Equipment	-672	-472	-830	-607	-428	-403	-556	-351	-285	-327
Purchase of Investments	-114	-507	-126	-127	-110	-157	0.00	-	-	-
Sale of Property, Plant & Equipment	1.30	1.60	2.20	7.90	4.60	4.10	1.50	17	0.50	1.50
Sale and/or Maturity of Investments	507	103	119	127	107	11	0.00	-	-	-
Other Investing Activities, net	0.00	0.00	1.90	0.00	0.00	-1.30	2.50	-1.10	0.00	4.20
Net Cash From Financing Activities	-876	-112	-960	-656	-312	-343	-427	-269	18	-411
Net Cash From Continuing Financing Activities	-876	-112	-960	-656	-312	-343	-427	-269	18	-411
Repayment of Debt	-402	-3.00	-1.70	-760	-1.50	-925	-151	-1,019	-40	-47
Repurchase of Common Equity	0.00	-42	-523	-193	0.00	0.00	-	-	-100	-155
Payment of Dividends	-449	-449	-420	-380	-300	-299	-268	-238	-216	-201
Issuance of Debt	0.00	397	0.00	690	0.00	889	0.00	998	385	0.00
Other Financing Activities, net	-26	-16	-15	-13	-11	-8.20	-7.90	-11	-11	-8.70

This table details how cash moves in and out of Packaging Co. of America's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	67	8.40	63	-79	44	75	96	109	48	-329	-19
Net Cash From Operating Activities	339	325	327	278	260	335	340	360	280	420	431
Net Cash From Continuing Operating Activities	339	325	327	278	260	335	340	360	280	420	431
Net Income / (Loss) Continuing Operations	204	221	238	199	147	189	183	203	190	212	263
Consolidated Net Income / (Loss)	204	221	238	199	147	189	183	203	190	212	263
Depreciation Expense	138	136	133	129	128	131	129	128	130	119	114
Amortization Expense	0.50	0.50	0.60	0.60	0.60	0.60	0.50	0.60	0.50	0.60	0.50
Non-Cash Adjustments To Reconcile Net Income	24	17	-8.00	14	26	16	-36	16	22	12	-44
Changes in Operating Assets and Liabilities, net	-27	-49	-36	-63	-42	-1.80	62	13	-62	77	97
Net Cash From Investing Activities	-144	-203	249	-243	-81	-544	-89	-127	-115	-252	-184
Net Cash From Continuing Investing Activities	-144	-203	249	-243	-81	-544	-89	-127	-115	-252	-184
Purchase of Property, Plant & Equipment	-150	-201	-147	-245	-78	-141	-90	-127	-114	-248	-183
Purchase of Investments	-32	-22	-29	-30	-33	-431	-20	-26	-30	-28	-34
Sale of Property, Plant & Equipment	0.70	0.50	0.20	0.50	0.10	0.10	1.10	0.10	0.30	0.40	1.40
Sale and/or Maturity of Investments	36	20	425	32	30	28	21	26	28	23	31
Net Cash From Financing Activities	-128	-114	-513	-114	-135	284	-155	-124	-117	-497	-265
Net Cash From Continuing Financing Activities	-128	-114	-513	-114	-135	284	-155	-124	-117	-497	-265
Repayment of Debt	-0.50	-0.50	-400	-0.50	-0.50	-1.60	-0.50	-0.40	-0.50	-0.40	-0.40
Payment of Dividends	-112	-112	-112	-112	-112	-112	-112	-112	-112	-116	-117
Other Financing Activities, net	-15	-0.90	-0.70	-1.60	-23	-	-0.10	-11	-4.70	-0.10	-5.80

This table presents Packaging Co. of America's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	8,833	8,681	8,004	7,837	7,433	7,236	6,570	6,198	5,777	5,272
Total Current Assets	3,233	3,254	2,508	2,733	2,750	2,478	2,115	1,915	1,696	1,555
Cash & Equivalents	685	648	320	619	975	680	362	217	239	184
Short-Term Investments	102	494	85	86	106	88	-	-	-	-
Accounts Receivable	1,144	1,033	1,032	1,071	832	846	902	831	689	637
Inventories, net	1,125	1,013	977	903	788	794	796	763	724	677
Prepaid Expenses	167	62	58	47	45	45	39	36	30	29
Current Deferred & Refundable Income Taxes	10	4.30	36	7.40	5.10	27	17	70	14	28
Plant, Property, & Equipment, net	4,039	3,864	3,900	3,529	3,193	3,152	3,109	2,925	2,896	2,832
Total Noncurrent Assets	1,561	1,563	1,596	1,575	1,490	1,606	1,346	1,358	1,185	886
Long-Term Investments	65	64	65	60	43	58	-	-	-	-
Goodwill	922	922	922	924	864	919	917	883	738	544
Intangible Assets	192	230	268	308	296	339	378	410	367	271
Other Noncurrent Operating Assets	382	347	340	283	287	290	51	64	80	71
Total Liabilities & Shareholders' Equity	8,833	8,681	8,004	7,837	7,433	7,236	6,570	6,198	5,777	5,272
Total Liabilities	4,429	4,684	4,337	4,230	4,187	4,165	3,897	4,015	4,017	3,639
Total Current Liabilities	1,002	1,266	876	885	783	724	694	833	625	562
Short-Term Debt	0.00	400	0.00	-	-	-	-	151	27	7.70
Accounts Payable	430	402	410	452	387	352	382	403	324	294
Accrued Expenses	363	254	264	255	216	218	222	203	201	194
Dividends Payable	116	116	116	96	97	77	76	61	60	53
Other Current Liabilities	83	81	74	69	71	64	1.40	-	-	-
Other Current Nonoperating Liabilities	9.50	14	12	12	12	14	12	15	13	13
Total Noncurrent Liabilities	3,428	3,418	3,461	3,345	3,404	3,441	3,204	3,182	3,392	3,077
Long-Term Debt	2,474	2,472	2,474	2,472	2,479	2,477	2,484	2,480	2,620	2,290
Noncurrent Deferred & Payable Income Tax Liabilities	562	558	543	466	379	340	285	240	335	347
Noncurrent Employee Benefit Liabilities	96	106	142	157	298	376	358	373	357	359
Other Noncurrent Operating Liabilities	296	282	57	250	233	233	60	71	60	60
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,404	3,997	3,667	3,607	3,246	3,071	2,672	2,183	1,760	1,633
Total Preferred & Common Equity	4,404	3,997	3,667	3,607	3,246	3,071	2,672	2,183	1,760	1,633
Total Common Equity	4,404	3,997	3,667	3,607	3,246	3,071	2,672	2,183	1,760	1,633
Common Stock	671	621	583	580	555	526	495	472	452	441
Retained Earnings	3,777	3,447	3,187	3,102	2,836	2,705	2,316	1,867	1,447	1,317
Accumulated Other Comprehensive Income / (Loss)	-43	-71	-102	-75	-145	-160	-139	-157	-140	-125

This table presents Packaging Co. of America's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	8,970	8,833	8,754	8,982	8,857	8,681	8,178	8,107	8,049	8,004	8,344
Total Current Assets	3,303	3,233	3,241	3,484	3,445	3,254	2,773	2,671	2,585	2,508	2,908
Cash & Equivalents	752	685	677	614	692	648	573	477	368	320	649
Short-Term Investments	91	102	95	491	492	494	104	102	96	85	78
Accounts Receivable	1,164	1,144	1,216	1,145	1,045	1,033	1,045	1,024	1,031	1,032	1,113
Inventories, net	1,141	1,125	1,062	1,030	1,004	1,013	986	992	1,003	977	995
Prepaid Expenses	155	167	192	205	212	62	65	76	87	58	67
Current Deferred & Refundable Income Taxes	0.00	10	0.00	0.30	0.00	4.30	0.00	0.00	0.00	36	6.10
Plant, Property, & Equipment, net	4,080	4,039	3,982	3,962	3,865	3,864	3,863	3,887	3,897	3,900	3,813
Total Noncurrent Assets	1,588	1,561	1,530	1,537	1,547	1,563	1,541	1,549	1,567	1,596	1,624
Long-Term Investments	71	65	70	68	69	64	49	51	57	65	67
Goodwill	922	922	922	922	922	922	922	922	922	922	922
Intangible Assets	183	192	201	211	220	230	239	249	258	268	277
Other Noncurrent Operating Assets	412	382	337	335	336	347	330	328	329	340	357
Total Liabilities & Shareholders' Equity	8,970	8,833	8,754	8,982	8,857	8,681	8,178	8,107	8,049	8,004	8,344
Total Liabilities	4,471	4,429	4,490	4,856	4,826	4,684	4,290	4,258	4,291	4,337	4,373
Total Current Liabilities	1,008	1,002	1,101	1,432	1,400	1,266	1,279	798	829	876	963
Accounts Payable	481	430	460	475	450	402	406	366	411	410	485
Accrued Expenses	263	363	393	346	304	254	245	220	185	264	260
Dividends Payable	116	116	116	115	115	116	115	115	116	116	119
Current Deferred & Payable Income Tax Liabilities	30	-	15	-	18	-	8.40	8.00	18	0.00	0.00
Other Current Liabilities	86	83	84	82	81	81	79	77	75	74	74
Other Current Nonoperating Liabilities	33	9.50	33	-	33	14	26	12	26	12	26
Total Noncurrent Liabilities	3,463	3,428	3,390	3,424	3,426	3,418	3,012	3,460	3,462	3,461	3,410
Long-Term Debt	2,475	2,474	2,474	2,473	2,473	2,472	2,076	2,475	2,474	2,474	2,473
Noncurrent Deferred & Payable Income Tax Liabilities	571	562	541	552	567	558	537	539	546	543	514
Noncurrent Employee Benefit Liabilities	94	96	99	115	112	106	116	154	149	142	129
Other Noncurrent Operating Liabilities	323	296	270	284	65	282	273	284	283	57	294
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,499	4,404	4,264	4,127	4,031	3,997	3,887	3,849	3,758	3,667	3,971
Total Preferred & Common Equity	4,499	4,404	4,264	4,127	4,031	3,997	3,887	3,849	3,758	3,667	3,971
Total Common Equity	4,499	4,404	4,264	4,127	4,031	3,997	3,887	3,849	3,758	3,667	3,971
Common Stock	689	671	662	651	641	621	613	608	599	583	602
Retained Earnings	3,853	3,777	3,669	3,544	3,460	3,447	3,371	3,339	3,259	3,187	3,444
Accumulated Other Comprehensive Income / (Loss)	-42	-43	-67	-69	-70	-71	-97	-99	-100	-102	-74

This table displays calculated financial ratios and metrics derived from Packaging Co. of America's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.45%	-7.97%	9.67%	16.10%	-4.40%	-0.72%	8.84%	11.52%	0.65%	-1.89%
EBITDA Growth	2.92%	-16.20%	12.54%	47.80%	-21.83%	-1.91%	11.44%	15.97%	3.12%	1.90%
EBIT Growth	3.60%	-25.63%	13.81%	73.66%	-30.56%	-1.86%	14.43%	18.88%	4.44%	6.73%
NOPAT Growth	2.69%	-24.32%	13.83%	78.55%	-34.09%	-1.44%	7.90%	47.10%	3.75%	9.78%
Net Income Growth	5.21%	-25.69%	22.43%	82.45%	-33.80%	-5.64%	10.38%	48.71%	2.93%	11.26%
EPS Growth	5.31%	-23.12%	24.92%	82.44%	-34.06%	-5.90%	10.33%	48.84%	6.26%	12.03%
Operating Cash Flow Growth	-9.42%	-12.03%	36.64%	5.94%	-14.46%	2.31%	37.85%	6.10%	4.98%	4.42%
Free Cash Flow Firm Growth	-55.31%	135.26%	83.88%	-61.05%	-27.71%	44.32%	87.56%	276.07%	-82.40%	19.25%
Invested Capital Growth	6.19%	-4.14%	11.45%	14.74%	-2.12%	-1.45%	4.44%	10.10%	11.10%	0.17%
Revenue Q/Q Growth	2.55%	-0.52%	-0.76%	4.44%	-0.09%	-0.38%	0.90%	3.33%	1.51%	-0.75%
EBITDA Q/Q Growth	3.18%	-1.39%	-2.19%	12.98%	-4.81%	-2.45%	1.36%	5.64%	2.23%	1.27%
EBIT Q/Q Growth	4.27%	-3.12%	-3.57%	17.32%	-5.64%	-4.82%	3.12%	6.30%	2.62%	0.36%
NOPAT Q/Q Growth	3.05%	-16.40%	-4.72%	16.37%	-7.46%	-4.48%	-8.93%	30.12%	1.84%	1.17%
Net Income Q/Q Growth	3.42%	-16.63%	-0.48%	12.45%	-2.68%	-8.94%	-8.01%	31.00%	1.47%	1.32%
EPS Q/Q Growth	4.08%	-2.64%	0.46%	12.48%	-2.81%	-9.05%	-7.91%	30.93%	1.93%	1.82%
Operating Cash Flow Q/Q Growth	-0.82%	-6.06%	2.01%	12.27%	-5.33%	-1.34%	6.57%	7.46%	-1.61%	6.54%
Free Cash Flow Firm Q/Q Growth	-12.65%	8.38%	13.52%	-45.48%	-33.08%	45.35%	56.27%	-27.53%	-42.68%	2.31%
Invested Capital Q/Q Growth	1.66%	0.12%	4.28%	7.01%	0.38%	-4.94%	1.21%	8.20%	1.40%	-0.37%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	21.27%	21.77%	24.66%	24.23%	20.57%	23.61%	23.46%	22.82%	22.08%	21.04%
EBITDA Margin	19.49%	20.34%	22.34%	21.77%	17.10%	20.92%	21.17%	20.68%	19.88%	19.41%
Operating Margin	13.14%	13.78%	16.76%	16.06%	10.87%	15.13%	15.22%	14.47%	13.55%	13.06%
EBIT Margin	13.19%	13.68%	16.93%	16.31%	10.91%	15.02%	15.19%	14.45%	13.55%	13.06%
Profit (Net Income) Margin	9.60%	9.81%	12.15%	10.88%	6.92%	10.00%	10.52%	10.37%	7.78%	7.61%
Tax Burden Percent	75.64%	75.46%	75.45%	75.86%	72.86%	75.94%	76.04%	80.69%	65.30%	65.73%
Interest Burden Percent	96.26%	95.01%	95.09%	87.92%	87.12%	87.68%	91.08%	88.98%	87.90%	88.60%
Effective Tax Rate	24.36%	24.54%	24.55%	24.14%	27.14%	24.06%	23.96%	19.31%	34.70%	34.27%
Return on Invested Capital (ROIC)	13.95%	13.71%	18.70%	18.56%	11.04%	16.45%	16.93%	16.81%	12.64%	12.87%
ROIC Less NNEP Spread (ROIC-NNEP)	12.37%	11.50%	16.69%	12.45%	6.94%	11.24%	13.81%	13.46%	10.00%	10.37%
Return on Net Nonoperating Assets (RNNOA)	5.22%	6.26%	9.61%	5.99%	3.55%	7.80%	13.47%	17.11%	13.87%	14.83%
Return on Equity (ROE)	19.17%	19.97%	28.31%	24.55%	14.59%	24.25%	30.40%	33.92%	26.50%	27.69%
Cash Return on Invested Capital (CROIC)	7.94%	17.94%	7.87%	4.84%	13.19%	17.91%	12.59%	7.19%	2.11%	12.69%
Operating Return on Assets (OROA)	12.63%	12.79%	18.12%	16.52%	9.90%	15.15%	16.69%	15.55%	14.18%	14.22%
Return on Assets (ROA)	9.19%	9.17%	13.00%	11.02%	6.29%	10.09%	11.56%	11.17%	8.14%	8.28%
Return on Common Equity (ROCE)	19.17%	19.97%	28.31%	24.55%	14.59%	24.25%	30.40%	33.92%	26.50%	27.69%
Return on Equity Simple (ROE_SIMPLE)	18.28%	19.14%	28.08%	23.32%	14.20%	22.68%	27.62%	30.63%	25.55%	26.74%
Net Operating Profit after Tax (NOPAT)	833	811	1,072	942	527	800	812	752	512	493
NOPAT Margin	9.94%	10.40%	12.64%	12.18%	7.92%	11.49%	11.57%	11.67%	8.85%	8.59%
Net Nonoperating Expense Percent (NNEP)	1.58%	2.21%	2.01%	6.11%	4.11%	5.21%	3.12%	3.35%	2.63%	2.49%
Return On Investment Capital (ROIC_SIMPLE)	12.11%	11.81%	16.79%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	78.73%	78.23%	75.34%	75.77%	79.43%	76.39%	76.54%	77.18%	77.92%	78.96%
SG&A Expenses to Revenue	8.13%	8.00%	7.90%	8.17%	8.87%	8.48%	8.23%	8.35%	8.53%	7.98%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	8.13%	8.00%	7.90%	8.17%	9.69%	8.48%	8.23%	8.35%	8.53%	7.98%
Earnings before Interest and Taxes (EBIT)	1,106	1,067	1,435	1,261	726	1,046	1,066	931	783	750
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,634	1,587	1,894	1,683	1,139	1,457	1,485	1,333	1,149	1,114
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.60	3.57	3.04	3.34	3.65	3.03	2.51	4.31	3.67	2.93
Price to Tangible Book Value (P/TBV)	6.15	5.02	4.50	5.07	5.68	5.13	4.87	10.58	9.86	5.84
Price to Revenue (P/Rev)	2.42	1.83	1.31	1.56	1.78	1.33	0.96	1.46	1.12	0.83
Price to Earnings (P/E)	24.32	17.93	11.12	13.23	25.69	13.35	9.09	14.08	14.37	10.95
Dividend Yield	2.22%	3.15%	3.94%	3.15%	2.70%	3.22%	5.11%	2.53%	3.44%	4.46%
Earnings Yield	4.11%	5.58%	9.00%	7.56%	3.89%	7.49%	11.00%	7.10%	6.96%	9.14%
Enterprise Value to Invested Capital (EV/IC)	3.55	2.75	2.22	2.54	2.80	2.27	1.81	2.52	2.09	1.80
Enterprise Value to Revenue (EV/Rev)	2.61	2.04	1.58	1.78	1.98	1.57	1.26	1.84	1.54	1.20
Enterprise Value to EBITDA (EV/EBITDA)	13.39	10.05	7.07	8.17	11.61	7.53	5.96	8.89	7.73	6.21
Enterprise Value to EBIT (EV/EBIT)	19.78	14.95	9.33	10.91	18.20	10.48	8.30	12.72	11.35	9.22
Enterprise Value to NOPAT (EV/NOPAT)	26.25	19.67	12.50	14.60	25.05	13.70	10.90	15.74	17.38	14.03
Enterprise Value to Operating Cash Flow (EV/OCF)	18.36	12.13	8.96	12.57	12.80	9.08	7.50	13.84	11.01	9.00
Enterprise Value to Free Cash Flow (EV/FCFF)	46.11	15.03	29.69	56.06	20.98	12.58	14.65	36.79	103.82	14.22
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.56	0.72	0.74	0.69	0.77	0.81	0.94	1.21	1.52	1.42
Long-Term Debt to Equity	0.56	0.62	0.74	0.69	0.77	0.81	0.94	1.15	1.50	1.42
Financial Leverage	0.42	0.54	0.58	0.48	0.51	0.69	0.98	1.27	1.39	1.43
Leverage Ratio	2.08	2.18	2.18	2.23	2.32	2.40	2.63	3.04	3.26	3.34
Compound Leverage Factor	2.01	2.07	2.07	1.96	2.02	2.11	2.40	2.70	2.86	2.96
Debt to Total Capital	35.97%	41.81%	42.58%	40.66%	43.45%	44.80%	48.35%	54.84%	60.25%	58.68%
Short-Term Debt to Total Capital	0.00%	5.82%	0.00%	0.00%	0.00%	0.00%	0.00%	3.13%	0.61%	0.19%
Long-Term Debt to Total Capital	35.97%	35.99%	42.58%	40.66%	43.45%	44.80%	48.35%	51.71%	59.64%	58.49%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	64.03%	58.19%	57.42%	59.34%	56.55%	55.20%	51.65%	45.16%	39.75%	41.32%
Debt to EBITDA	1.51	1.81	1.44	1.47	2.19	1.71	1.68	1.99	2.32	2.08
Net Debt to EBITDA	0.99	1.05	1.19	1.01	1.20	1.14	1.44	1.83	2.11	1.92
Long-Term Debt to EBITDA	1.51	1.56	1.44	1.47	2.19	1.71	1.68	1.88	2.30	2.07
Debt to NOPAT	2.97	3.54	2.54	2.62	4.73	3.12	3.08	3.52	5.21	4.71
Net Debt to NOPAT	1.95	2.05	2.10	1.81	2.60	2.08	2.64	3.23	4.75	4.33
Long-Term Debt to NOPAT	2.97	3.05	2.54	2.62	4.73	3.12	3.08	3.32	5.16	4.69
Altman Z-Score	5.01	3.97	4.00	4.06	3.77	3.59	3.39	3.57	2.99	2.92
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.23	2.57	2.87	3.09	3.51	3.42	3.05	2.30	2.71	2.77
Quick Ratio	1.93	1.72	1.64	2.01	2.44	2.23	1.82	1.26	1.48	1.46
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	474	1,061	451	245	630	871	604	322	86	486
Operating Cash Flow to CapEx	177.71%	279.39%	180.51%	182.65%	244.16%	302.45%	212.86%	256.16%	283.92%	236.27%
Free Cash Flow to Firm to Interest Expense	11.46	19.91	6.41	1.61	6.74	6.77	6.35	3.14	0.90	0.00
Operating Cash Flow to Interest Expense	28.77	24.67	21.24	7.18	11.05	9.37	12.41	8.34	8.51	0.00
Operating Cash Flow Less CapEx to Interest Expense	12.58	15.84	9.47	3.25	6.52	6.27	6.58	5.09	5.51	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.96	0.94	1.07	1.01	0.91	1.01	1.10	1.08	1.05	1.09
Accounts Receivable Turnover	7.70	7.56	8.06	8.12	7.94	7.97	8.10	8.48	8.72	8.95
Inventory Turnover	6.17	6.13	6.80	6.93	6.69	6.69	6.89	6.69	6.43	6.76
Fixed Asset Turnover	2.12	2.01	2.28	2.30	2.10	2.22	2.33	2.21	2.02	2.02
Accounts Payable Turnover	15.85	15.02	14.81	13.96	14.32	14.49	13.68	13.69	14.57	14.51
Days Sales Outstanding (DSO)	47.40	48.30	45.27	44.94	45.99	45.79	45.08	43.04	41.87	40.77
Days Inventory Outstanding (DIO)	59.12	59.51	53.71	52.67	54.59	54.53	52.96	54.53	56.76	54.01
Days Payable Outstanding (DPO)	23.02	24.30	24.65	26.15	25.50	25.18	26.69	26.66	25.05	25.15
Cash Conversion Cycle (CCC)	83.49	83.51	74.32	71.45	75.09	75.14	71.35	70.90	73.58	69.63
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,152	5,793	6,043	5,423	4,726	4,829	4,900	4,692	4,261	3,835
Invested Capital Turnover	1.40	1.32	1.48	1.52	1.39	1.43	1.46	1.44	1.43	1.50
Increase / (Decrease) in Invested Capital	359	-250	621	696	-103	-71	208	431	426	6.60
Enterprise Value (EV)	21,868	15,955	13,395	13,755	13,215	10,962	8,847	11,845	8,887	6,917
Market Capitalization	20,246	14,288	11,146	12,048	11,844	9,295	6,707	9,411	6,459	4,781
Book Value per Share	$49.04	$44.60	$39.63	$37.97	$34.23	$32.44	$28.28	$23.13	$18.68	$16.84
Tangible Book Value per Share	$36.63	$31.75	$26.77	$25.01	$22.01	$19.16	$14.57	$9.43	$6.95	$8.44
Total Capital	6,878	6,869	6,386	6,079	5,740	5,564	5,174	4,833	4,427	3,953
Total Debt	2,474	2,872	2,719	2,472	2,494	2,493	2,501	2,651	2,667	2,320
Total Long-Term Debt	2,474	2,472	2,719	2,472	2,494	2,493	2,501	2,499	2,640	2,312
Net Debt	1,622	1,666	2,249	1,707	1,371	1,667	2,140	2,434	2,428	2,136
Capital Expenditures (CapEx)	670	471	828	599	423	399	554	334	284	325
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,444	1,247	1,228	1,143	888	987	1,060	1,017	859	816
Debt-free Net Working Capital (DFNWC)	2,231	2,388	1,633	1,848	1,968	1,755	1,422	1,234	1,098	1,000
Net Working Capital (NWC)	2,231	1,989	1,633	1,848	1,968	1,755	1,422	1,082	1,071	993
Net Nonoperating Expense (NNE)	28	46	42	101	66	104	74	84	62	56
Net Nonoperating Obligations (NNO)	1,748	1,796	2,376	1,815	1,480	1,758	2,227	2,509	2,501	2,202
Total Depreciation and Amortization (D&A)	528	520	459	422	413	411	420	401	366	364
Debt-free, Cash-free Net Working Capital to Revenue	17.23%	15.98%	14.48%	14.79%	13.33%	14.18%	15.11%	15.78%	14.86%	14.21%
Debt-free Net Working Capital to Revenue	26.62%	30.61%	19.26%	23.90%	29.55%	25.19%	20.26%	19.14%	19.00%	17.42%
Net Working Capital to Revenue	26.62%	25.49%	19.26%	23.90%	29.55%	25.19%	20.26%	16.79%	18.53%	17.29%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$8.97	$8.52	$11.08	$8.87	$4.86	$7.36	$7.82	$7.09	$4.76	$4.47
Adjusted Weighted Average Basic Shares Outstanding	89.80M	89.62M	89.69M	93.53M	94.83M	94.65M	94.50M	94.35M	94.21M	94.25M
Adjusted Diluted Earnings per Share	$8.93	$8.48	$11.03	$8.83	$4.84	$7.34	$7.80	$7.07	$4.75	$4.47
Adjusted Weighted Average Diluted Shares Outstanding	89.80M	89.62M	89.69M	93.53M	94.83M	94.65M	94.50M	94.35M	94.21M	94.25M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	89.80M	89.62M	89.69M	93.53M	94.83M	94.65M	94.50M	94.35M	94.21M	94.25M
Normalized Net Operating Profit after Tax (NOPAT)	833	811	1,072	942	568	800	812	752	512	493
Normalized NOPAT Margin	9.94%	10.40%	12.64%	12.18%	8.53%	11.49%	11.57%	11.67%	8.85%	8.59%
Pre Tax Income Margin	12.70%	13.00%	16.10%	14.34%	9.50%	13.17%	13.84%	12.86%	11.91%	11.57%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	26.71	20.03	20.39	8.27	7.77	8.12	11.21	9.08	8.26	0.00
NOPAT to Interest Expense	20.12	15.22	15.23	6.18	5.64	6.21	8.54	7.33	5.40	0.00
EBIT Less CapEx to Interest Expense	10.52	11.20	8.62	4.34	3.24	5.02	5.38	5.82	5.26	0.00
NOPAT Less CapEx to Interest Expense	3.93	6.39	3.46	2.25	1.12	3.11	2.71	4.08	2.40	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	55.74%	58.66%	40.81%	45.16%	64.99%	42.89%	36.33%	35.54%	48.06%	45.97%
Augmented Payout Ratio	55.74%	64.09%	91.56%	68.10%	64.99%	42.89%	36.33%	35.54%	70.37%	81.39%

This table displays calculated financial ratios and metrics derived from Packaging Co. of America's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.16%	10.74%	12.73%	6.31%	0.16%	-2.04%	-8.93%	-12.75%	-7.49%	-3.17%	6.29%
EBITDA Growth	28.43%	11.66%	19.37%	-1.89%	-18.21%	-4.45%	-19.17%	-22.71%	-15.22%	-11.47%	4.20%
EBIT Growth	42.21%	15.61%	27.84%	-2.95%	-26.65%	-10.42%	-29.43%	-32.19%	-25.38%	-17.96%	3.15%
NOPAT Growth	39.12%	42.94%	26.16%	-2.09%	-24.41%	-71.85%	-28.83%	12.97%	-23.71%	-19.73%	2.78%
Net Income Growth	38.73%	45.08%	29.97%	0.48%	-22.72%	-72.12%	-30.21%	10.41%	-25.22%	-2.31%	4.71%
EPS Growth	38.65%	16.67%	30.05%	-1.34%	-22.75%	-9.87%	-27.50%	-30.00%	-21.85%	2.19%	6.46%
Operating Cash Flow Growth	30.22%	-2.95%	-3.65%	-22.67%	-7.13%	-20.19%	-21.16%	12.82%	-13.80%	7.53%	51.83%
Free Cash Flow Firm Growth	43.37%	-186.46%	-110.33%	-24.61%	117.63%	178.00%	144.52%	154.82%	90.08%	5.08%	-382.93%
Invested Capital Growth	3.34%	6.19%	4.59%	2.15%	2.46%	-4.14%	-0.16%	1.05%	4.55%	11.45%	14.36%
Revenue Q/Q Growth	-0.24%	-1.66%	5.16%	4.84%	2.14%	0.10%	-0.82%	-1.22%	-0.11%	-6.94%	-4.98%
EBITDA Q/Q Growth	-4.54%	-4.96%	13.95%	24.23%	-16.60%	1.60%	-6.35%	3.56%	-3.04%	-14.05%	-10.45%
EBIT Q/Q Growth	-7.25%	-7.95%	18.95%	40.03%	-24.05%	1.79%	-9.70%	5.84%	-7.92%	-19.81%	-13.23%
NOPAT Q/Q Growth	140.82%	-63.71%	-29.38%	125.43%	-22.84%	-67.97%	-45.19%	74.02%	-7.86%	-19.02%	-13.00%
Net Income Q/Q Growth	138.08%	-64.05%	-28.82%	127.71%	-22.36%	-67.79%	-44.97%	75.12%	-10.16%	-19.39%	-12.94%
EPS Q/Q Growth	-7.76%	-7.20%	19.46%	35.58%	-22.38%	3.45%	-9.38%	6.16%	-9.44%	-16.79%	-12.50%
Operating Cash Flow Q/Q Growth	4.21%	-0.52%	17.54%	6.87%	-22.34%	-1.24%	-5.67%	28.35%	-33.25%	-2.44%	34.98%
Free Cash Flow Firm Q/Q Growth	104.86%	-1,188.87%	-109.49%	2,310.23%	-95.99%	54.00%	-30.76%	663.78%	87.03%	12.10%	14.73%
Invested Capital Q/Q Growth	0.91%	1.66%	1.60%	-0.86%	-0.11%	0.12%	-0.76%	-0.55%	-2.98%	4.28%	0.44%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	21.24%	21.89%	23.15%	21.09%	18.71%	21.16%	21.32%	22.78%	21.83%	22.76%	24.39%
EBITDA Margin	19.56%	20.44%	21.15%	19.52%	16.47%	20.27%	19.97%	21.15%	20.17%	20.78%	22.50%
Operating Margin	13.09%	14.08%	14.99%	13.30%	9.90%	13.49%	13.36%	14.57%	13.70%	14.56%	16.95%
EBIT Margin	13.09%	14.08%	15.04%	13.30%	9.96%	13.49%	13.26%	14.57%	13.60%	14.75%	17.12%
Profit (Net Income) Margin	9.52%	3.99%	10.91%	16.12%	7.42%	3.04%	9.46%	17.05%	9.62%	10.70%	12.35%
Tax Burden Percent	76.22%	29.36%	74.73%	125.42%	78.35%	23.74%	74.93%	124.31%	75.05%	76.53%	75.56%
Interest Burden Percent	95.40%	96.49%	97.05%	96.63%	95.13%	95.07%	95.21%	94.16%	94.27%	94.76%	95.47%
Effective Tax Rate	23.78%	70.64%	25.27%	-25.42%	21.65%	76.26%	25.07%	-24.31%	24.95%	23.47%	24.44%
Return on Invested Capital (ROIC)	13.96%	5.80%	15.47%	22.44%	10.20%	4.22%	13.56%	25.08%	14.91%	16.48%	20.14%
ROIC Less NNEP Spread (ROIC-NNEP)	13.43%	5.63%	15.13%	21.83%	9.88%	4.08%	12.99%	23.99%	14.24%	16.06%	19.55%
Return on Net Nonoperating Assets (RNNOA)	5.80%	2.37%	6.84%	10.43%	5.18%	2.22%	6.15%	11.63%	7.44%	9.25%	8.47%
Return on Equity (ROE)	19.76%	8.18%	22.31%	32.87%	15.38%	6.44%	19.71%	36.71%	22.34%	25.73%	28.61%
Cash Return on Invested Capital (CROIC)	11.34%	7.94%	9.17%	10.73%	10.40%	17.94%	16.91%	17.02%	13.14%	7.87%	7.32%
Operating Return on Assets (OROA)	12.55%	13.48%	14.53%	12.34%	9.19%	12.62%	12.59%	14.23%	13.97%	15.79%	17.23%
Return on Assets (ROA)	9.13%	3.82%	10.54%	14.96%	6.85%	2.85%	8.98%	16.66%	9.89%	11.45%	12.43%
Return on Common Equity (ROCE)	19.76%	8.18%	22.31%	32.87%	15.38%	6.44%	19.71%	36.71%	22.34%	25.73%	28.61%
Return on Equity Simple (ROE_SIMPLE)	19.16%	0.00%	18.26%	17.54%	17.91%	0.00%	23.61%	25.91%	25.70%	0.00%	26.06%
Net Operating Profit after Tax (NOPAT)	214	89	244	346	154	62	194	354	203	220	272
NOPAT Margin	9.98%	4.13%	11.20%	16.68%	7.76%	3.20%	10.01%	18.11%	10.28%	11.14%	12.81%
Net Nonoperating Expense Percent (NNEP)	0.53%	0.18%	0.34%	0.61%	0.33%	0.15%	0.57%	1.09%	0.66%	0.42%	0.59%
Return On Investment Capital (ROIC_SIMPLE)	3.06%	1.29%	-	-	-	0.90%	-	-	-	3.45%	-
Cost of Revenue to Revenue	78.76%	78.11%	76.85%	78.91%	81.29%	78.84%	78.68%	77.22%	78.17%	77.24%	75.62%
SG&A Expenses to Revenue	8.15%	7.81%	8.16%	7.79%	8.81%	7.67%	7.96%	8.21%	8.13%	8.19%	7.44%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	8.15%	7.81%	8.16%	7.79%	8.81%	7.67%	7.96%	8.21%	8.13%	8.19%	7.44%
Earnings before Interest and Taxes (EBIT)	280	302	328	276	197	261	257	284	269	292	364
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	419	439	462	405	326	393	387	413	399	411	478
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.96	4.60	4.54	3.98	4.23	3.57	3.46	3.00	3.21	3.04	2.54
Price to Tangible Book Value (P/TBV)	5.25	6.15	6.17	5.48	5.91	5.02	4.93	4.31	4.68	4.50	3.63
Price to Revenue (P/Rev)	2.08	2.42	2.37	2.07	2.19	1.83	1.71	1.44	1.45	1.31	1.18
Price to Earnings (P/E)	20.02	24.32	23.95	21.78	22.69	17.93	15.03	11.87	12.82	11.12	9.73
Dividend Yield	2.53%	2.22%	2.32%	2.74%	2.63%	3.15%	4.18%	3.90%	3.72%	3.94%	4.19%
Earnings Yield	5.00%	4.11%	4.18%	4.59%	4.41%	5.58%	6.65%	8.42%	7.80%	9.00%	10.28%
Enterprise Value to Invested Capital (EV/IC)	3.12	3.55	3.47	3.04	3.15	2.75	2.63	2.30	2.39	2.22	2.03
Enterprise Value to Revenue (EV/Rev)	2.27	2.61	2.57	2.29	2.42	2.04	1.94	1.67	1.69	1.58	1.38
Enterprise Value to EBITDA (EV/EBITDA)	11.22	13.39	13.27	11.99	12.47	10.05	9.44	7.90	7.69	7.07	6.07
Enterprise Value to EBIT (EV/EBIT)	16.29	19.78	19.81	18.26	18.98	14.95	13.79	11.13	10.43	9.33	7.89
Enterprise Value to NOPAT (EV/NOPAT)	21.69	26.25	25.99	23.91	24.81	19.67	15.66	12.78	13.90	12.50	10.44
Enterprise Value to Operating Cash Flow (EV/OCF)	15.25	18.36	17.49	14.93	14.59	12.13	10.86	8.98	9.67	8.96	8.02
Enterprise Value to Free Cash Flow (EV/FCFF)	27.96	46.11	38.70	28.65	30.61	15.03	15.52	13.57	18.60	29.69	29.56
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.55	0.56	0.58	0.70	0.76	0.72	0.64	0.65	0.66	0.74	0.62
Long-Term Debt to Equity	0.55	0.56	0.58	0.60	0.67	0.62	0.54	0.65	0.66	0.74	0.62
Financial Leverage	0.43	0.42	0.45	0.48	0.52	0.54	0.47	0.48	0.52	0.58	0.43
Leverage Ratio	2.09	2.08	2.08	2.14	2.17	2.18	2.10	2.11	2.15	2.18	2.24
Compound Leverage Factor	1.99	2.01	2.02	2.07	2.06	2.07	2.00	1.98	2.02	2.06	2.14
Debt to Total Capital	35.49%	35.97%	36.78%	41.05%	43.33%	41.81%	38.99%	39.23%	39.80%	42.58%	38.38%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	5.71%	5.62%	5.82%	6.27%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	35.49%	35.97%	36.78%	35.33%	37.70%	35.99%	32.72%	39.23%	39.80%	42.58%	38.38%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	64.51%	64.03%	63.22%	58.95%	56.67%	58.19%	61.01%	60.77%	60.20%	57.42%	61.62%
Debt to EBITDA	1.43	1.51	1.57	1.90	2.03	1.81	1.54	1.47	1.36	1.44	1.28
Net Debt to EBITDA	0.90	0.99	1.04	1.12	1.21	1.05	1.09	1.09	1.08	1.19	0.87
Long-Term Debt to EBITDA	1.43	1.51	1.57	1.64	1.77	1.56	1.30	1.47	1.36	1.44	1.28
Debt to NOPAT	2.77	2.97	3.07	3.79	4.05	3.54	2.56	2.37	2.46	2.54	2.20
Net Debt to NOPAT	1.75	1.95	2.03	2.24	2.40	2.05	1.81	1.77	1.95	2.10	1.49
Long-Term Debt to NOPAT	2.77	2.97	3.07	3.26	3.52	3.05	2.15	2.37	2.46	2.54	2.20
Altman Z-Score	4.35	4.71	4.53	3.84	3.90	3.66	3.74	3.59	3.66	3.52	3.41
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.28	3.23	2.95	2.43	2.46	2.57	2.17	3.35	3.12	2.87	3.02
Quick Ratio	1.99	1.93	1.81	1.57	1.59	1.72	1.35	2.01	1.80	1.64	1.91
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	13	-270	-21	221	9.16	312	203	293	-52	-400	-455
Operating Cash Flow to CapEx	227.58%	162.05%	222.97%	113.68%	333.85%	237.63%	381.46%	283.61%	246.61%	170.01%	237.38%
Free Cash Flow to Firm to Interest Expense	1.02	-21.09	-2.16	23.74	0.95	34.70	16.49	17.64	-3.37	-26.16	-27.60
Operating Cash Flow to Interest Expense	26.29	25.42	33.72	29.92	27.13	37.26	27.60	21.68	18.21	27.46	26.10
Operating Cash Flow Less CapEx to Interest Expense	14.74	9.73	18.60	3.60	19.00	21.58	20.37	14.04	10.82	11.31	15.10
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.96	0.96	0.97	0.93	0.92	0.94	0.95	0.98	1.03	1.07	1.01
Accounts Receivable Turnover	7.74	7.70	7.23	7.31	7.52	7.56	7.27	7.19	7.66	8.06	7.84
Inventory Turnover	6.23	6.17	6.30	6.23	6.15	6.13	6.16	6.36	6.51	6.80	6.82
Fixed Asset Turnover	2.15	2.12	2.08	2.02	2.01	2.01	2.04	2.10	2.20	2.28	2.38
Accounts Payable Turnover	14.35	15.85	14.90	14.99	14.34	15.02	13.70	13.84	13.22	14.81	12.99
Days Sales Outstanding (DSO)	47.18	47.40	50.48	49.93	48.55	48.30	50.22	50.80	47.66	45.27	46.56
Days Inventory Outstanding (DIO)	58.60	59.12	57.93	58.58	59.39	59.51	59.23	57.40	56.07	53.71	53.53
Days Payable Outstanding (DPO)	25.43	23.02	24.49	24.35	25.45	24.30	26.65	26.37	27.60	24.65	28.10
Cash Conversion Cycle (CCC)	80.36	83.49	83.92	84.16	82.49	83.51	82.80	81.84	76.13	74.32	71.99
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,208	6,152	6,052	5,956	6,008	5,793	5,786	5,831	5,863	6,043	5,795
Invested Capital Turnover	1.40	1.40	1.38	1.35	1.32	1.32	1.35	1.38	1.45	1.48	1.57
Increase / (Decrease) in Invested Capital	201	359	265	125	144	-250	-9.00	61	255	621	728
Enterprise Value (EV)	19,369	21,868	21,011	18,118	18,896	15,955	15,199	13,395	14,022	13,395	11,748
Market Capitalization	17,808	20,246	19,371	16,418	17,067	14,288	13,441	11,540	12,058	11,146	10,068
Book Value per Share	$50.10	$49.04	$47.47	$0.05	$44.98	$44.60	$43.23	$0.04	$41.89	$39.63	$42.36
Tangible Book Value per Share	$37.80	$36.63	$34.96	$0.03	$32.23	$31.75	$30.31	$0.03	$28.73	$26.77	$29.56
Total Capital	6,974	6,878	6,745	7,000	7,113	6,869	6,372	6,333	6,242	6,386	6,444
Total Debt	2,475	2,474	2,481	2,873	3,082	2,872	2,485	2,485	2,484	2,719	2,473
Total Long-Term Debt	2,475	2,474	2,481	2,473	2,682	2,472	2,085	2,485	2,484	2,719	2,473
Net Debt	1,560	1,622	1,640	1,700	1,828	1,666	1,758	1,855	1,964	2,249	1,680
Capital Expenditures (CapEx)	149	201	147	245	78	141	89	127	114	247	181
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,452	1,444	1,369	1,348	1,260	1,247	1,217	1,294	1,293	1,228	1,218
Debt-free Net Working Capital (DFNWC)	2,295	2,231	2,141	2,452	2,445	2,388	1,894	1,873	1,757	1,633	1,944
Net Working Capital (NWC)	2,295	2,231	2,141	2,052	2,045	1,989	1,494	1,873	1,757	1,633	1,944
Net Nonoperating Expense (NNE)	9.83	3.11	6.35	12	6.66	3.06	11	21	13	8.88	9.75
Net Nonoperating Obligations (NNO)	1,709	1,748	1,788	1,829	1,977	1,796	1,899	1,982	2,105	2,376	1,824
Total Depreciation and Amortization (D&A)	139	137	133	129	129	132	130	129	130	119	115
Debt-free, Cash-free Net Working Capital to Revenue	16.99%	17.23%	16.75%	17.00%	16.14%	15.98%	15.51%	16.11%	15.55%	14.48%	14.25%
Debt-free Net Working Capital to Revenue	26.86%	26.62%	26.19%	30.93%	31.32%	30.61%	24.15%	23.32%	21.12%	19.26%	22.76%
Net Working Capital to Revenue	26.86%	26.62%	26.19%	25.89%	26.20%	25.49%	19.05%	23.32%	21.12%	19.26%	22.76%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.27	$2.46	$2.65	$2.22	$1.64	$2.11	$2.04	$2.25	$2.12	$2.34	$2.81
Adjusted Weighted Average Basic Shares Outstanding	89.98M	89.80M	89.80M	89.81M	89.80B	89.62M	89.62M	89.92M	89.93B	89.69M	92.53M
Adjusted Diluted Earnings per Share	$2.26	$2.45	$2.64	$2.21	$1.63	$2.10	$2.03	$2.24	$2.11	$2.33	$2.80
Adjusted Weighted Average Diluted Shares Outstanding	89.98M	89.80M	89.80M	89.81M	89.80B	89.62M	89.62M	89.92M	89.93B	89.69M	92.53M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	89.98M	89.80M	89.80M	89.81M	89.80B	89.62M	89.62M	89.92M	89.93B	89.69M	92.53M
Normalized Net Operating Profit after Tax (NOPAT)	214	212	244	193	154	183	194	199	203	220	272
Normalized NOPAT Margin	9.98%	9.86%	11.20%	9.31%	7.76%	9.44%	10.01%	10.20%	10.28%	11.14%	12.81%
Pre Tax Income Margin	12.49%	13.59%	14.60%	12.85%	9.47%	12.82%	12.63%	13.72%	12.82%	13.98%	16.34%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	21.73	23.61	33.85	29.68	20.53	29.04	20.88	17.13	17.45	19.07	22.05
NOPAT to Interest Expense	16.56	6.93	25.20	37.22	16.00	6.90	15.75	21.30	13.19	14.41	16.50
EBIT Less CapEx to Interest Expense	10.18	7.92	18.72	3.35	12.41	13.37	13.64	9.49	10.06	2.92	11.06
NOPAT Less CapEx to Interest Expense	5.01	-8.76	10.08	10.90	7.87	-8.78	8.52	13.65	5.81	-1.74	5.51
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	52.10%	55.74%	57.61%	62.00%	62.16%	58.66%	49.34%	45.89%	45.44%	40.81%	38.60%
Augmented Payout Ratio	52.10%	55.74%	57.61%	62.00%	67.91%	64.09%	95.33%	45.89%	99.55%	91.56%	70.97%

Frequently Asked Questions About Packaging Co. of America's Financials

When does Packaging Co. of America's financial year end?

According to the most recent income statement we have on file, Packaging Co. of America's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Packaging Co. of America's net income changed over the last 9 years?

Packaging Co. of America's net income appears to be on an upward trend, with a most recent value of $805.10 million in 2024, rising from $436.80 million in 2015. The previous period was $765.20 million in 2023. Check out Packaging Co. of America's forecast to explore projected trends and price targets.

What is Packaging Co. of America's operating income?

Packaging Co. of America's total operating income in 2024 was $1.10 billion, based on the following breakdown:

Total Gross Profit: $1.78 billion
Total Operating Expenses: $681.80 million

How has Packaging Co. of America revenue changed over the last 9 years?

Over the last 9 years, Packaging Co. of America's total revenue changed from $5.74 billion in 2015 to $8.38 billion in 2024, a change of 46.0%.

How much debt does Packaging Co. of America have?

Packaging Co. of America's total liabilities were at $4.43 billion at the end of 2024, a 5.4% decrease from 2023, and a 21.7% increase since 2015.

How much cash does Packaging Co. of America have?

In the past 9 years, Packaging Co. of America's cash and equivalents has ranged from $184.20 million in 2015 to $974.60 million in 2020, and is currently $685 million as of their latest financial filing in 2024.

How has Packaging Co. of America's book value per share changed over the last 9 years?

Over the last 9 years, Packaging Co. of America's book value per share changed from 16.84 in 2015 to 49.04 in 2024, a change of 191.2%.

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This page (NYSE:PKG) was last updated on 6/1/2025 by MarketBeat.com Staff

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Packaging Co. of America (PKG) Financials

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Packaging Co. of America (PKG) Financials

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