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Earnings transcript
Read the complete earnings call transcript.
PKG
Packaging Corporation of America
$244.8
-1.88
(-0.76%)
| Exchange: | NYSE |
| Market Cap: | 21.811B |
| Shares Outstanding: | 94.6M |
Delayed data
About The Company
| Sector: | Consumer Cyclical | |||||
| Industry: | Packaging & Containers | |||||
| CEO: | Mark W. Kowlzan | |||||
| Full Time Employees: | 16800 | |||||
| Address: |
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| Website: | https://www.packagingcorp.com |
Packaging Corporation of America (PCA) is a U.S.-based enterprise specializing in the production and sale of containerboard and corrugated packaging materials. Its operations are organized into two primary divisions: Packaging and Paper. The Packaging division offers an extensive array of containerboard and corrugated solutions. These encompass conventional shipping containers designed for safeguarding and transporting manufactured goods, vibrant multi-color boxes and point-of-sale displays aimed at enhancing product merchandising in retail environments, and honeycomb protective packaging. This segment also provides specialized packaging for perishable goods like meat and fresh produce, processed foods, beverages, and a broad spectrum of other industrial and consumer products. Its corrugated offerings reach customers through a multi-channel approach, utilizing a dedicated direct sales and marketing team, independent brokers, and various distribution partners. Meanwhile, the Paper segment focuses on manufacturing and distributing a range of commodity and specialty papers. This includes communication papers, such as standard cut-size office paper, along with specialized printing and converting papers. Sales of its white paper products are managed directly by its internal sales and marketing organization. Tracing its origins back to 1867, Packaging Corporation of America maintains its corporate headquarters in Lake Forest, Illinois.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
Short, structured highlights from the call so you can focus on what matters.
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 7,802,400 | 8,383,300 | 8,989,300 |
| Gross Profit | 1,698,900 | 1,783,100 | 1,889,600 |
| EBITDA | 1,585,100 | 1,631,400 | 1,759,700 |
| Operating Income | 1,075,100 | 1,101,300 | 1,255,400 |
| Net Income | 765,200 | 805,100 | 768,900 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 8,681,100 | 8,833,200 | 10,725,500 |
| Total Liabilities | 4,683,800 | 4,429,200 | 5,112,400 |
| Total Stockholders Equity | 3,997,300 | 4,404,000 | 4,598,000 |
| Total Debt | 3,173,200 | 2,771,500 | 4,364,900 |
| Cash and Cash Equivalents | 648,000 | 685,000 | 529,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 1,315,100 | 1,191,200 | 1,557,500 |
| Capital Expenditure | -469,700 | -669,700 | -828,900 |
| Free Cash Flow | 845,400 | 521,500 | 728,600 |
| Net Income | 765,200 | 805,100 | 768,900 |
| Net Change in Cash | 328,000 | 37,000 | -156,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 10,965,780.943 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 11,463,121.079 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 11,228,000 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 2,267,335.141 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 2,370,167.468 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 2,321,552.756 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 1,442,203.408 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 1,527,850.257 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 1,487,360.016 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 794,639.758 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 830,679.712 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 813,641.568 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 16.600 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 17.050 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 16.100 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 3 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 1 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Solid Financial Performance: PKG reported strong Q2 2025 results in the latest earnings call, with key financial metrics such as revenue and net income showing positive trends. Historical data from income statements indicate consistent revenue growth, supported by robust operating cash flow and free cash flow as seen in cash flow statements, reflecting operational efficiency.
- Healthy Profitability Metrics: Key metrics like gross profit margin TTM and net profit margin TTM demonstrate PKG’s ability to maintain profitability, positioning it favorably within the industry. Return on equity (ROE) TTM and return on invested capital (ROIC) TTM further highlight efficient capital utilization.
- Strong Balance Sheet: Balance sheet data shows a reasonable debt-to-equity ratio TTM, indicating manageable leverage. Significant cash and cash equivalents alongside total current assets provide liquidity to support ongoing operations and potential investments.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates PKG intrinsic value between $85.74 – $146.60 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about PKG valuation
Is Packaging Corporation of America (PKG) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Packaging Corporation of America (PKG) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is PKG a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether PKG trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is PKG’s P/E ratio?
You can see PKG’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for PKG?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is PKG a good long-term investment?
Whether PKG fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
PKG
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Daily snapshot
-0.76
Trading Metrics:
| Open: | 244.04 | Previous Close: | 246.68 | |
| Day Low: | 240.17 | Day High: | 245.53 | |
| Year Low: | 191.5 | Year High: | 259.98 | |
| Price Avg 50: | 241.92 | Price Avg 200: | 221.92 | |
| Volume: | 106922 | Average Volume: | 704608 |
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Welcome to MARKETSNAP’s SWOT analysis for Packaging Corporation of America, or PKG as it’s known on the ticker. If you’re a long-term investor looking to build wealth with solid picks, you’re in the right place. Today, we’re diving deep into this packaging giant to uncover what makes it tick, where it’s vulnerable, and how it might fit into your portfolio. Let’s break it down with a full SWOT analysis, some fresh insights from recent data, and a long-term perspective to…
