Packaging Corporation of America (PKG) Income Statement
PKG 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPKG revenue and net income
Where PKG's revenue goes
2025Each bar shows an amount and its share of revenue. PKG kept 8.6% of revenue as net income.
PKG profit margins
PKG growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +7.2% | +2.0% | +6.2% | +4.5% |
| Gross profit | +6.0% | −3.3% | +6.4% | +4.0% |
| Operating income | +14.0% | −4.0% | +8.3% | +4.9% |
| Net income | −4.5% | −9.3% | +10.8% | +5.5% |
| EPS (diluted) | +8.8% | −4.0% | +11.2% | +7.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PKG quarterly EPS vs estimates
Packaging Corp of America beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: October 21, 2026 (estimate $2.95).
PKG income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.99B | $8.38B | $7.80B | $8.48B | $7.73B | $6.66B | $6.96B | $7.01B | $6.44B | $5.78B |
| Cost of revenue | $7.10B | $6.60B | $6.10B | $6.39B | $5.86B | $5.27B | $5.32B | $5.37B | $4.97B | $4.50B |
| Gross profit | $1.89B | $1.78B | $1.70B | $2.09B | $1.87B | $1.39B | $1.64B | $1.65B | $1.47B | $1.28B |
| Research & development | — | — | — | — | $14.5M | $15.5M | $16.0M | $14.4M | $12.8M | $13.3M |
| Sales, general & admin | $634.2M | $610.3M | $583.8M | $608.6M | $576.8M | $539.6M | $557.6M | $536.4M | $522.6M | $471.0M |
| Total operating expenses | $634.2M | $681.8M | $623.8M | $669.9M | $589.7M | $544.7M | $590.3M | $536.4M | $522.6M | — |
| Operating income | $1.26B | $1.10B | $1.08B | $1.42B | $1.28B | $841.6M | $1.05B | $1.07B | $931.2M | $780.3M |
| Interest income | $79.1M | $41.4M | $53.3M | $70.4M | $152.4M | $93.5M | $123.7M | $91.9M | $102.6M | — |
| Interest expense | $79.1M | $41.4M | $53.3M | $70.4M | $152.4M | $93.5M | $128.8M | $97.2M | $102.6M | $0 |
| Income before taxes | $1.03B | $1.06B | $1.01B | $1.36B | $1.11B | $632.7M | $917.0M | $970.5M | $828.6M | $688.5M |
| Income taxes | $253.7M | $259.3M | $248.9M | $335.0M | $267.6M | $171.7M | $220.6M | $232.5M | $160.0M | $238.9M |
| Net income | $768.9M | $805.1M | $765.2M | $1.03B | $841.1M | $461.0M | $696.4M | $738.0M | $668.6M | $449.0M |
| EBITDA | $1.76B | $1.63B | $1.59B | $1.89B | $1.68B | $1.14B | $1.43B | $1.48B | $1.32B | — |
| EPS (diluted) | $9.84 | $9.04 | $8.69 | $11.13 | $9.39 | $5.78 | $7.65 | $8.03 | $6.03 | $4.79 |
| Gross margin | 21.0% | 21.3% | 21.8% | 24.7% | 24.2% | 20.8% | 23.6% | 23.5% | 22.8% | 22.1% |
| Operating margin | 14.0% | 13.1% | 13.8% | 16.8% | 16.6% | 12.6% | 15.1% | 15.2% | 14.4% | 13.5% |
| Net margin | 8.6% | 9.6% | 9.8% | 12.1% | 10.9% | 6.9% | 10.0% | 10.5% | 10.4% | 7.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.49B | $2.37B | $2.36B | $2.31B | $2.17B | $2.14B | $2.15B | $2.18B | $2.08B | $1.98B | $1.94B | $1.94B |
| Cost of revenue | $1.98B | $1.91B | $1.92B | $1.81B | $1.69B | $1.69B | $1.68B | $1.68B | $1.64B | $1.61B | $1.53B | $1.52B |
| Gross profit | $512.5M | $452.9M | $447.5M | $504.3M | $483.0M | $454.7M | $469.7M | $505.2M | $437.7M | $370.4M | $410.1M | $412.7M |
| Sales, general & admin | $179.3M | $180.3M | $165.3M | $154.3M | $153.2M | $161.4M | $149.2M | $162.0M | $150.6M | $153.0M | $142.8M | $144.2M |
| Total operating expenses | $179.3M | $180.3M | $165.3M | $179.8M | $149.3M | $174.4M | $167.5M | $178.1M | $161.7M | $174.4M | $148.6M | $154.1M |
| Operating income | $333.2M | $272.6M | $282.2M | $324.5M | $333.7M | $280.3M | $302.2M | $327.1M | $276.0M | $196.0M | $261.5M | $258.6M |
| Interest income | — | — | $33.8M | $19.3M | $13.1M | $12.9M | $11.7M | $9.7M | — | — | — | $12.3M |
| Interest expense | $33.3M | $32.6M | $33.8M | $19.3M | $13.1M | $12.9M | $11.7M | $9.7M | $10.4M | $9.6M | $11.1M | $12.3M |
| Income before taxes | $259.0M | $219.8M | $134.6M | $305.2M | $320.6M | $267.4M | $291.6M | $318.6M | $266.7M | $187.5M | $248.5M | $244.5M |
| Income taxes | $66.9M | $48.9M | $32.8M | $78.3M | $79.1M | $63.6M | $70.5M | $80.5M | $67.8M | $40.6M | $59.3M | $61.3M |
| Net income | $192.1M | $170.9M | $101.1M | $226.9M | $241.5M | $203.8M | $221.1M | $238.1M | $198.9M | $146.9M | $189.2M | $183.2M |
| EBITDA | $468.6M | $477.6M | $390.0M | $515.4M | $474.3M | $418.3M | $439.3M | $461.0M | $405.6M | $325.5M | $390.5M | $386.2M |
| EPS (diluted) | $2.35 | $2.40 | $2.32 | $2.73 | $2.48 | $2.31 | $2.47 | $2.65 | $2.20 | $1.72 | $2.13 | $2.05 |
| Gross margin | 20.6% | 19.1% | 18.9% | 21.8% | 22.2% | 21.2% | 21.9% | 23.1% | 21.1% | 18.7% | 21.2% | 21.3% |
| Operating margin | 13.4% | 11.5% | 11.9% | 14.0% | 15.4% | 13.1% | 14.1% | 15.0% | 13.3% | 9.9% | 13.5% | 13.4% |
| Net margin | 7.7% | 7.2% | 4.3% | 9.8% | 11.1% | 9.5% | 10.3% | 10.9% | 9.6% | 7.4% | 9.8% | 9.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PKG's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PKG financial results
In fiscal year 2025 (ended December 31, 2025), Packaging Corp of America reported revenue of $9.0 billion, up 7.2% from the year before. It had net income of $768.9 million (down 4.5%), a net profit margin of 8.6%. Diluted earnings per share came to $9.84. Over five years revenue grew at an average rate of 6.2% a year.
See the PKG stock overview for the latest quote and news, or the PKG chart for price history and technical indicators.
PKG income statement FAQ
What is Packaging Corp of America's annual revenue?
Packaging Corp of America reported total revenue of $9.0 billion for fiscal year 2025, which ended on December 31, 2025. That was up 7.2% from $8.4 billion the previous year.
Is Packaging Corp of America profitable?
Yes. Packaging Corp of America reported net income of $768.9 million in fiscal 2025, a net profit margin of 8.6%; its operating margin was 14.0%.
What is Packaging Corp of America's gross margin?
Packaging Corp of America's gross margin was 21.0% in fiscal 2025: for every $100 of revenue, Packaging Corp of America kept $21 after the direct cost of its products and services.
How fast is Packaging Corp of America growing?
Revenue grew 6.2% a year on average over the last five fiscal years, from $6.7 billion to $9.0 billion.
What are Packaging Corp of America's earnings per share?
Packaging Corp of America earned $9.84 per diluted share in fiscal 2025, compared with $9.04 a year earlier.
When will Packaging Corp of America report its next earnings?
Packaging Corp of America is expected to report results for the quarter ending September 30, 2026 on October 21, 2026 after the market closes.
When does Packaging Corp of America's fiscal year end?
Packaging Corp of America's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.