PACKAGING CORP OF AMERICA
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 3,992 | 46.5 |
| Stockholders' equity | 4,598 | 53.5 |
| Total capitalization | 8,590 | 100.0 |
89,098,299 shares outstanding at 31 July 2026 (cover page of the 10-Q filed 7 August 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 3,992 |
| Long-term debt, noncurrent | 3,967 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 300,000,000 |
| Common shares issued | 89,200,000 |
| Par or stated value per share ($) | 0.01 |
| Outstanding at 7/31/26 | 89,098,299 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 5.00 | 58.3 |
| 2024 | 5.00 | 56.0 |
| 2023 | 5.00 | 59.0 |
| 2022 | 4.75 | 43.1 |
| 2021 | 4.00 | 45.3 |
HISTORY AND BUSINESS
HISTORY: State of incorporation not stated in SEC records.
BUSINESS: Classified by the SEC under Standard Industrial Classification 2650, Paperboard Containers & Boxes. Large accelerated filer. Principal executive office: 1 North Field Ct, Lake Forest, IL 60045. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 8,989 | 8,383 | 7,802 |
| Cost of revenues | 7,100 | 6,600 | 6,104 |
| Gross profit | 1,890 | 1,783 | 1,699 |
| Selling, general and administrative | 634 | 610 | 581 |
| Depreciation and amortization | 653 | 526 | 518 |
| Operating income | 1,107 | 1,101 | 1,075 |
| Income before income taxes | 1,028 | 1,064 | 1,014 |
| Income taxes | 254 | 259 | 249 |
| Net income | 774 | 805 | 765 |
| Earned per share, diluted ($) | 8.58 | 8.93 | 8.48 |
| Dividends per share ($) | 5.00 | 5.00 | 5.00 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 529 | 685 |
| Receivables, net | 1,256 | 1,144 |
| Inventories | 1,243 | 1,125 |
| Total current assets | 3,214 | 3,233 |
| Property, plant and equipment, net | 4,985 | 4,039 |
| Goodwill | 1,372 | 922 |
| Total assets | 10,726 | 8,833 |
| Total current liabilities | 1,015 | 1,002 |
| Long-term debt | 3,967 | 2,474 |
| Stockholders' equity | 4,598 | 4,404 |
| Total liabilities and equity | 10,726 | 8,833 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 8,989 | 1,107 | 774 | 8.6 | 8.58 | 5.00 | 1,558 | 829 | 729 | 10,726 | 6,128d | 3,992 | 4,598 | 16.8 | 0.87 |
| 12/31/24 | 8,383 | 1,101 | 805 | 9.6 | 8.93 | 5.00 | 1,191 | 670 | 522 | 8,833 | 4,429d | 2,492 | 4,404 | 18.3 | 0.57 |
| 12/31/23 | 7,802 | 1,075 | 765 | 9.8 | 8.48 | 5.00 | 1,315 | 470 | 845 | 8,681 | 4,684d | 2,892 | 3,997 | 19.1 | 0.72 |
| 12/31/22 | 8,478 | 1,421 | 1,030 | 12.1 | 11.03 | 4.75 | 1,495 | 824 | 671 | 8,004 | 4,337d | 2,492 | 3,667 | 28.1 | 0.68 |
| 12/31/21 | 7,730 | 1,241 | 841 | 10.9 | 8.83 | 4.00 | 1,094 | 605 | 489 | 7,837 | 4,230d | 2,491 | 3,607 | 23.3 | 0.69 |
| 12/31/20 | 6,658 | 724 | 461 | 6.9 | 4.84 | 3.37 | 1,033 | 421 | 612 | 7,433 | 4,187d | 2,494 | 3,246 | 14.2 | 0.77 |
| 12/31/19 | 6,964 | 1,054 | 696 | 10.0 | 7.34 | 3.16 | 1,207 | 400 | 808 | 7,236 | 4,165d | 2,493 | 3,071 | 22.7 | 0.81 |
| 12/31/18 | 7,015 | 1,068 | 738 | 10.5 | 7.80 | 3.00 | 1,180 | 551 | 629 | 6,570 | 3,897d | 2,496 | 2,672 | 27.6 | 0.93 |
| 12/31/17 | 6,445 | 932 | 669 | 10.4 | 7.07 | 2.52 | 856 | 343 | 513 | 6,198 | 4,015d | 2,646 | 2,183 | 30.6 | 1.21 |
| 12/31/16 | 5,779 | 783 | 450 | 7.8 | 4.75 | 2.36 | 807 | 274 | 533 | 5,777 | 4,017d | 2,658 | 1,760 | 25.5 | 1.51 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
PACKAGING CORP OF AMERICA
CIK 75677 · EIN 36-4277050
PRINCIPAL OFFICE:
1 North Field Ct, Lake Forest, IL 60045
Tel.: 8474823000
INCORPORATED:
–
INDUSTRY (SEC SIC CODE):
2650 · Paperboard Containers & Boxes
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 26 February 2026
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/26/26) · 10-K FY2024 (filed 2/27/25) · 10-K FY2023 (filed 2/29/24) · 10-K FY2022 (filed 2/23/23) · 10-K FY2021 (filed 2/24/22) · 10-K FY2020 (filed 2/24/21) · 10-K FY2019 (filed 2/26/20) · 10-K FY2018 (filed 2/28/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.