Packaging Corp Of America

Packaging Corp Of America

PKG

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Market Cap$21.9B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Packaging Corp Of AmericaPackaging Corp Of America31.82.14%15%2.31

Earnings Call Q2 2026

July 23, 2026 - AI Summary

2Q26 results (headline + vs. 2Q25): Net income $192M / $2.15 EPS; excluding special items $210M / $2.35 EPS vs $224M / $2.48 EPS in 2Q25. Revenue $2.5B vs $2.2B. EBITDA (ex-special items) $486M vs $451M. Special items were ~$0.20 EPS (Wallula restructuring, facility closures, and Greif acquisition/integration costs).
Performance drivers (good vs. headwinds): Legacy earnings declined ~$0.13 EPS vs 2Q25 due mainly to higher freight (+$0.26), higher corporate/other (+$0.12), lower packaging price/mix (-$0.11), plus higher labor, depreciation, fiber, tax rate, and interest. Partially offset by higher volume (+$0.26) and other cost/maintenance/production tailwinds. Greif contributed ahead of expectations—earnings contribution ~+14¢, with ~+4¢ depreciation benefit; operationally it was aided by strong volumes and improved mill performance and now runs more integrated with PCA.
Packaging/corrugated momentum + tight supply environment (surprising strength): Packaging segment EBITDA (ex-special items) $489M on sales $2.3B → 21.1% margin vs last year 22.6% (EBITDA $453M on $2.0B). Corrugated demand was “tight” and benefited from strong shipments (+24% total/per day vs last year); Q2 legacy shipments hit an all-time record. Inventory management: exports were reduced mid-quarter to build inventory so box plants can be supplied efficiently; early July allowed inventory to be rebuilt ahead of targets. Ohio plant startup occurred ahead of schedule (550k sq ft).

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Target Price by Analysts

3.5% upsidePackaging Of America Target Price DetailsTarget Price
$184.79

Current Fair Value

26.4% downside

Overvalued by 26.4% based on the discounted cash flow analysis.

Share Statistics

Market cap$21.90 Billion
Enterprise Value$25.87 Billion
Dividend Yield$5.25 (2.14%)
Earnings per Share$8.61
Beta0.82
Outstanding Shares88,426,000

Return

Return on Equity15.03%ROE
Return on Assets6.40%
Return on Invested Capital11.31%

Valuation & Multiples

P/E Ratio31.8P/E Ratio
PEG-159.62PEG
Price to Sales2.35Price to Sales
Price to Book Ratio3.99Price to Book Ratio
Enterprise Value to Revenue2.71
Enterprise Value to EBIT23.55
Enterprise Value to Net Income37
Total Debt to Enterprise0.17
Debt to Equity0.95Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 22, 2026
EPS Estimate
$2.31
Average shareholder expectation
Revenue Estimate
$2.49 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 28, 2026
EPS Estimate
$2.94
Average shareholder expectation
Revenue Estimate
$2.61 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000 108.97%
Total Calls- 100.00%
Total Puts- 100.00%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %7.35% 89.01%
Total Invested$875.95M 95.19%
Investors Holding366 522.00%

ESG Score

No data

About Packaging Corp Of America

15,500 employees
CEO: Mark Kowlzan

Packaging Corporation of America (PCA) is the third largest producer of containerboard products and the third largest producer of uncoated freesheet paper in North America. PCA operates eight paper mills and 92 corrugated products plants and related facilities.

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official revenue estimates and technical analysis for all tax legislation, directly influencing corporate tax structures and the overall tax burden that significantly impacts PCA's financial performance.

Finance

This committee controls taxation and trade policy, which directly impacts PCA's profitability through corporate tax rates and its cost structure through potential tariffs on raw materials or finished goods.

Environment and Public Works

This committee directly regulates the EPA, which imposes critical environmental compliance costs and operating requirements on paper mills for emissions and water discharge. Federal highway programs also impact transportation logistics for PCA.