Packaging Corporation of Americ (PKG) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Packaging Corporation of Americ

NYSE•Consumer Cyclical•Packaging & Containers

$235.57+4.12(0.02%)After hours

Market Cap

$20.85B

P/E

30.1x

P/S

2.2x

P/B

4.5x

Packaging Corporation of America manufactures and sells containerboard and uncoated freesheet (UFS) paper products in North America. The company operates through Packaging and Paper segments. The Packaging segment offers various linerboard and corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging products, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products. This segment sells its corrugated products through a direct sales and marketing organization. The Paper segment manufactures and sells commodity and specialty papers, as well as communication papers, including cut-size office papers, and printing and converting papers; and white papers. This segment sells papers through its sales and marketing organization. Packaging Corporation of America was founded in 1867 and is headquartered in Lake Forest, Illinois.

How this company scores

GoodMetricSide Score: 64/100

Strongest: Cash & Earnings Quality (23/25); weakest: Balance Sheet & Red Flags (11/25).

Profitability15/25

Growth15/25

Balance Sheet & Red Flags11/25

Cash & Earnings Quality23/25

Strengths

Rising free cash flowConsistent free cash flowConsistent growthImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 30.1x5y range 18.6x – 30.1x

Currently above its 20-quarter median.

P/S · 2.2x5y range 1.9x – 2.7x

Currently near its 20-quarter median.

P/B · 4.5x5y range 3.6x – 5.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 24.4% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Leverage Risk

Watch

Debt-to-equity has risen 59.3% recently — increasing financial risk even if the current ratio is manageable.

Price & Volume

Market Cap $20.85B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $9.53B
Q. Revenue: $2.49B
TTM EBITDA: $1.81B
TTM Op. Income: $1.04B
Q. Op. Income: $291.20M
TTM Net Income: $691.80M
Q. Net Income: $192.10M
EPS: $2.16
Shares Out.: $88.50M

$9.53B in TTM revenue grew 10.3% YoY, reaching $2.49B last quarter. TTM EBITDA of $1.81B and TTM operating income of $1.04B show growth is flowing through to the bottom line. TTM net income of $691.80M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 20.6%
EBITDA Margin: 18.8%
Op. Margin: 11.7%
Net Margin: 7.7%

Op. margin of 11.7% is down 3.7% YoY — costs are rising relative to revenue. Net margin at 7.7% and gross margin of 20.6% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 30.1x
P/S Ratio: 2.2x
P/B Ratio: 4.5x

At 30.1x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 2.2x and P/B of 4.5x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 4 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $11.02B
Cash: $442.80M
Long-Term Debt: $3.97B
Book Value: $4.66B
D/E Ratio: 0.9
Debt/EBITDA: 8.5

With $11.02B in assets and $3.97B in long-term debt, D/E is 0.9and book value is $4.66B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 59% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $376.00M
TTM Free Cash Flow: $742.40M
FCF Margin: 7.8%
FCF / Net Income: 1.1

TTM FCF of $742.40M on $376.00M in operating cash flow. The FCF / Net Income ratio of 1.1x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 19% — an improving trend.