PKG on NYSE

Packaging Corporation of America

Logo: Packaging Corporation of America, Public domain, via Wikimedia Commons6

Packaging and Logistics Firm

Packaging Corporation of America is an American manufacturing company based in Lake Forest, Illinois. The company has about 15,500 employees, with operations primarily in the United States. The CEO is Mark W. Kowlzan.3 Its shares trade on NYSE under the symbol PKG.1 Wikipedia text CC BY-SA 4.0

$236.08 up 3.50 (1.50%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 21, 2026.

Overview

1959Founded1

Compare with Graphic Packaging, Sonoco or Smurfit Westrock Group, or pick any stock.

  • TickerPKG on NYSE1
  • Industrypaper mill1
  • HeadquartersLake Forest1
  • Websitewww.packagingcorp.com
  • Legal formDelaware corporation1
  • Business address1 North Field Ct, Lake Forest, Il 600457
  • Filer categoryLarge accelerated filer7
  • LEI549300XZP8MFZFY8TJ844
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O The Corporation Trust Company, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 29967414

Packaging Corporation of America is an American manufacturing company based in Lake Forest, Illinois. The company has about 15,500 employees, with operations primarily in the United States. The CEO is Mark W. Kowlzan.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

21.0%Gross margin10
12.3%Operating margin10
8.6%Net margin10
7.2%Revenue growth, 202510
16.8%Return on equity10
0.86×Debt to equity10
$728.6MFree cash flow10

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Trade brought in 98% of the revenue Packaging Corporation of America broke down this way in fiscal 2025.

  1. Trade$9.0B1098%up 7% from 2024
  2. Intersegment$154.1M102%down 14% from 2024
Products and services by year
Products and services202320242025
Trade$7.8B$8.4B$9.0B
Intersegment$176.5M$179.4M$154.1M

Business segments

Packaging brought in 92% of the revenue Packaging Corporation of America broke down this way in fiscal 2025.

  1. Packaging$8.3B1092%up 8% from 2024
  2. Paper$615.4M107%down 1% from 2024
  3. Corporate Segment and Other Operating$80.0M101%up 18% from 2024
Business segments by year
Business segments202320242025
Packaging$7.1B$7.7B$8.3B
Paper$595.4M$624.7M$615.4M
Corporate Segment and Other Operating$71.4M$67.7M$80.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue79¢$7.1B
  • Selling, general and admin7¢$634.2M
  • Other costs3¢$227.6M
  • Income tax3¢$253.7M
  • Profit9¢$774.1M

Out of $9.0B in revenue.10

Where each dollar of operating cash went, fiscal 2025

  • Capital spending53¢$828.9M
  • Dividends paid29¢$449.6M
  • Share buybacks10¢$153.0M
  • Kept or used elsewhere8¢$126.0M

Out of $1.6B of cash from operations.10

Financial statements

Revenue1112131410$9.0B in 2025+29% since 2019
0$2.5B$5.0B$7.5B$10.0B2019: $7.0B$7.0B20192020: $6.7B$6.7B2020−4%2021: $7.7B$7.7B2021+16%2022: $8.5B$8.5B2022+10%2023: $7.8B$7.8B2023−8%2024: $8.4B$8.4B2024+7%2025: $9.0B$9.0B2025+7%
Gross profit1112131410$1.9B in 2025+15% since 2019
0$1.0B$2.0B$3.0B2019: $1.6B$1.6B20192020: $1.4B$1.4B2020−17%2021: $1.9B$1.9B2021+37%2022: $2.1B$2.1B2022+12%2023: $1.7B$1.7B2023−19%2024: $1.8B$1.8B2024+5%2025: $1.9B$1.9B2025+6%
Operating income1112131410$1.1B in 2025+5% since 2019
0$500.0M$1.0B$1.5B2019: $1.1B$1.1B20192020: $723.9M$723.9M2020−31%2021: $1.2B$1.2B2021+71%2022: $1.4B$1.4B2022+14%2023: $1.1B$1.1B2023−24%2024: $1.1B$1.1B2024+2%2025: $1.1B$1.1B2025+1%
Net income1112131410$774.1M in 2025+11% since 2019
0$500.0M$1.0B$1.5B2019: $696.4M$696.4M20192020: $461.0M$461.0M2020−34%2021: $841.1M$841.1M2021+82%2022: $1.0B$1.0B2022+22%2023: $765.2M$765.2M2023−26%2024: $805.1M$805.1M2024+5%2025: $774.1M$774.1M2025−4%

Every line of the income statement as filed: the last 3 fiscal years, latest first.10

Period ending2025-12-312024-12-312023-12-31
Net sales$9.0B$8.4B$7.8B
Cost of sales-$7.1B-$6.6B-$6.1B
Gross profit$1.9B$1.8B$1.7B
Selling and administrative expenses-$634.2M-$610.3M-$580.9M
Other expense, net$148.4M$71.5M$42.9M
Income from operations$1.1B$1.1B$1.1B
Non-operating pension (expense) income-$100.0K$4.5M-$7.7M
Interest expense, net-$79.1M-$41.4M-$53.3M
Income before taxes$1.0B$1.1B$1.0B
Provision for income taxes-$253.7M-$259.3M-$248.9M
Net income$774.1M$805.1M$765.2M
Basic$8.61$8.97$8.52
Diluted$8.58$8.93$8.48
Dividends declared per common share$5.00$5.00$5.00
Foreign currency translation adjustment$0$0$100.0K
Changes in unrealized gains on marketable debt securities, net of tax of $0.0 million, ($0.1) million, and ($0.6) millionfor 2025, 2024, and 2023, respectively$100.0K$300.0K$1.8M
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of ($1.3) million, ($1.4) million, and ($2.1) million for 2025, 2024, and 2023, respectively$3.8M$4.1M$6.4M
Changes in unfunded employee benefit obligations, net of tax of $0.7 million, ($7.6) million, and ($7.8) million for 2025, 2024, and 2023, respectively-$2.1M$23.1M$23.2M
Other comprehensive income$1.8M$27.5M$31.5M
Comprehensive income$775.9M$832.6M$796.7M
Changes in unrealized gains (losses) on marketable debt securities, tax$0-$100.0K-$600.0K
Amortization of pension and postretirement plans actuarial loss and prior service cost, tax-$1.3M-$1.4M-$2.1M
Changes in unfunded employee benefit obligations, tax$700.0K-$7.6M-$7.8M

Compare Packaging Corporation of America with another company

Corporate structure

Packaging Corporation of America sits at the top of its group. 17 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Packaging Corporation of America

  • State Street Corporation Filed SCHEDULE 13G on Packaging Corporation of America, latest Aug 7, 2026 (3 filings since Jan 29, 2024)
  • PRICE T ROWE ASSOCIATES INC /MD/ Filed SCHEDULE 13G on Packaging Corporation of America, latest May 15, 2026 (3 filings since Jan 10, 2022)
  • VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Packaging Corporation of America, latest Apr 30, 2026
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on Packaging Corporation of America, latest Mar 27, 2026 (4 filings since Feb 10, 2022)
  • BlackRock Filed SCHEDULE 13G/A on Packaging Corporation of America, latest Apr 17, 2025 (6 filings since Feb 1, 2022)
  • Capital World Investors Filed SC 13G/A on Packaging Corporation of America, latest Feb 11, 2022
  • Packaging Corporation of America Lake Forest, Illinois, United States
    • B C T, Incorporated (100%) Subsidiary · Delaware, United States
    • Boise White Paper, LLC (100%) Subsidiary · Delaware, United States
    • CorrChoice LLC (100%) Subsidiary · Delaware, United States
    • Hexacomb Corporation (100%) Subsidiary · Illinois, United States
    • International Falls Power Company (100%) Subsidiary · Delaware, United States
    • Louisiana Timber Procurement Company, LLC (50%) Subsidiary · Delaware, United States
    • Minnesota, Dakota & Western Railway Company (100%) Subsidiary · Minnesota, United States
    • Packaging Asset Holdings, LLC (100%) Subsidiary · Delaware, United States
    • Packaging Corporation of America (100%) Subsidiary · Delaware, United States
    • Packaging Corporation of Asia, Limited (100%) Subsidiary · Hong Kong
    • PCA Box-Board Products, LLC (100%) Subsidiary · Delaware, United States
    • PCA Central California Corrugated, LLC (100%) Subsidiary · Delaware, United States
    • PCA Hydro Inc. (100%) Subsidiary · Delaware, United States
    • PCA International Inc. (100%) Subsidiary · Delaware, United States
    • PCA International Services, LLC (100%) Subsidiary · Delaware, United States
    • PCA Wisconsin Acquisition LLC (100%) Subsidiary · Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Packaging Corporation of America reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$10.6B10 Dec 31, 2025$9.3B10 Dec 31, 2024+14.4%
Accumulated depreciation$5.7B10 Dec 31, 2025$5.3B10 Dec 31, 2024+7.4%
Property and equipment, net$5.0B10 Dec 31, 2025$4.0B10 Dec 31, 2024+23.4%
Operating-lease assets (leased space)$376.0M10 Dec 31, 2025$276.9M10 Dec 31, 2024+35.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$529.0M10 Dec 31, 2025$685.0M10 Dec 31, 2024−22.8%
Marketable securities, current$71.8M10 Dec 31, 2025$102.0M10 Dec 31, 2024−29.6%
Marketable securities, non-current$67.0M10 Dec 31, 2025$65.2M10 Dec 31, 2024+2.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$1.4B10 Dec 31, 2025$922.4M10 Dec 31, 2024+48.8%
Finite-lived intangibles, gross$1.1B10 Dec 31, 2025$591.7M10 Dec 31, 2024+77.7%
Accumulated amortization$449.4M10 Dec 31, 2025$399.8M10 Dec 31, 2024+12.4%
Finite-lived intangibles, net$602.3M10 Dec 31, 2025$191.9M10 Dec 31, 2024+213.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$1.2B10 Dec 31, 2025$1.1B10 Dec 31, 2024+10.5%
Raw materials$416.6M10 Dec 31, 2025$356.6M10 Dec 31, 2024+16.8%
Work in process$17.5M10 Dec 31, 2025$15.5M10 Dec 31, 2024+12.9%
Finished goods$241.6M10 Dec 31, 2025$234.0M10 Dec 31, 2024+3.2%
Supplies$567.5M10 Dec 31, 2025$518.8M10 Dec 31, 2024+9.4%

Properties, in its own words

We own and lease properties in our business. Primarily all of our leases are non-cancelable and are accounted for as operating leases. These leases are not subject to early termination except for standard nonperformance clauses.

Information regarding our principal operating facilities, the segments that use those facilities, and a map of geographical locations is presented in “Part I, Item 1. Business” of this Form 10-K. We assess the condition and capacity of our manufacturing, distribution, and other facilities needed to meet our operating requirements. Our properties have been generally well maintained and are in good operating condition. In general, our facilities have sufficient capacity and are adequate for our production and distribution requirements.

The rest of Item 2

As of December 31, 2025, we own buildings and land for our ten mills. Additionally, we have 91 corrugated manufacturing operations, of which the buildings and land for 56 are owned, including 44 combining operations, or corrugated plants, five corrugated sheet-only manufacturers, and seven sheet plants. We lease the buildings for 12 corrugated plants, two corrugated sheet-only manufacturers, and 21 sheet plants. We own warehouses and miscellaneous other properties, including sales offices and woodlands management offices. We lease space for regional design centers and numerous other distribution centers, warehouses, and facilities. The equipment in these leased facilities is, in virtually all cases, owned by us, except for forklifts and other rolling stock, which are generally leased.

We own our corporate headquarters building, which is located in Lake Forest, Illinois.

Item 2 of the 10-K filed Feb 26, 2026.18

The story

The company was founded in 1959 by the consolidation of three companies and was eventually acquired by Tenneco in 1965. In November 1995, the company's name was changed to Tenneco Packaging Inc.; in 1999, a new entity re-established the name Packaging Corporation of America

In 2009, the company opened a new design center and project-management facility in Hong Kong, operating under the name Packaging Corporation of Asia Limited.

The company has acquired many companies, including Boise Inc. in 2013, TimBar Corporation and Columbus Container, Inc. in 2016, Sacramento Container Corporation in 2017, and Englander Container and Display in 2018.

The company's network consists of 6 containerboard mills, 2 white paper mills, 95 converting facilities, 10 creative design centers, 3 fulfillment centers, 8 packaging and supply centers, 2 training and resource centers, and 1 technical center.

From Wikipedia’s article on Packaging Corporation of America, shared under CC BY-SA 4.0.8

Leadership

Who has led Packaging Corporation of America, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (35)

Products and brands

  • containerboard

Listed on Wikidata.1

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • B C T, Incorporated (100%) Delaware9
  • Boise White Paper, LLC (100%) Delaware9
  • CorrChoice LLC (100%) Delaware9
  • Hexacomb Corporation (100%) Illinois9
  • International Falls Power Company (100%) Delaware9
  • Louisiana Timber Procurement Company, LLC (50%) Delaware9
  • Minnesota, Dakota & Western Railway Company (100%) Minnesota9
  • PCA Box-Board Products, LLC (100%) Delaware9
  • PCA Central California Corrugated, LLC (100%) Delaware9
  • PCA Hydro Inc. (100%) Delaware9
  • PCA International Inc. (100%) Delaware9
  • PCA International Services, LLC (100%) Delaware9
  • PCA Wisconsin Acquisition LLC (100%) Delaware9
  • Packaging Asset Holdings, LLC (100%) Delaware9
  • Packaging Corporation of America (100%) Delaware9
  • Packaging Corporation of Asia, Limited (100%) Hong Kong9

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Jul 23, 20268-K Results of operations62
  2. May 13, 20268-K Shareholder vote63
  3. Apr 23, 20268-K Results of operations64
  4. Mar 3, 20268-K Executive or director change65
  5. Jan 28, 20268-K Results of operations66
  6. Dec 10, 20258-K Regulation FD disclosure67
  7. Dec 4, 20258-K Exit or restructuring costs; Impairment68
  8. Oct 23, 20258-K Results of operations69
  9. Sep 2, 20258-K New debt or obligation; Other events70
  10. Aug 15, 20258-K New debt or obligation; Other events71
  11. Aug 6, 20258-K Entered a material agreement; Ended a material agreement; New debt or obligation72
  12. Jul 24, 20258-K Results of operations73
  13. Jun 30, 2010New chief executive Mark W. Kowlzan becomes CEO19
  14. Jun 22, 2006New chief executive Richard B. West becomes CEO20
  15. Jul 2, 2004New chief executive Paul T. Stecko becomes CEO21
  16. Jan 28, 2000Went public Listed on NYSE1
  17. 1959Founded Founded1

Calendar

Coming up

  1. Oct 21, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $2.73 a share, on Oct 22, 2025.74

When it reported results

  1. Jul 23, 2026Reported quarterly or annual results62
  2. Apr 23, 2026Reported quarterly or annual results64
  3. Jan 28, 2026Reported quarterly or annual results66
  4. Oct 23, 2025Reported quarterly or annual results69
  5. Jul 24, 2025Reported quarterly or annual results73
  6. Apr 23, 2025Reported quarterly or annual results75
  7. Jan 29, 2025Reported quarterly or annual results76
  8. Oct 23, 2024Reported quarterly or annual results77

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

374 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 37 major events, 238 insider forms, 18 large holders, 61 other. The latest 20:

  1. Aug 24, 20264 EDGAR
  2. Aug 20, 2026144 EDGAR
  3. Aug 11, 20264 EDGAR
  4. Aug 7, 202610-Q EDGAR
  5. Aug 7, 2026SCHEDULE 13G EDGAR
  6. Aug 5, 20264 EDGAR
  7. Jul 28, 2026144 EDGAR
  8. Jul 23, 20268-K EDGAR
  9. May 28, 20264 EDGAR
  10. May 28, 202611-K EDGAR
  11. May 28, 202611-K EDGAR
  12. May 27, 2026144 EDGAR
  13. May 15, 2026SCHEDULE 13G EDGAR
  14. May 13, 20268-K EDGAR
  15. May 13, 20264 EDGAR
  16. May 12, 20264 EDGAR
  17. May 12, 20264 EDGAR
  18. May 12, 20264 EDGAR
  19. May 12, 20264 EDGAR
  20. May 12, 20264 EDGAR

The 374 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

34 open-market trades by officers, directors and large owners since October 2021: 2 buys and 32 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 20, 2026Shirley Donald R.Exec. VPSale12,000$250.71$3.0MForm 4
Aug 7, 2026Hassfurther Thomas APresidentSale7,063$254.00$1.8MForm 4
Aug 5, 2026Hassfurther Thomas APresidentSale8,797$257.00$2.3MForm 4
Aug 3, 2026Hassfurther Thomas APresidentSale12,531$250.00$3.1MForm 4
May 27, 2026KOWLZAN MARK WChairman & CEOSale9,266$217.08$2.0MForm 4
Feb 5, 2026Hassfurther Thomas APresidentSale12,129$230.50$2.8MForm 4
Sep 11, 2025KOWLZAN MARK WChairman & CEOSale25,000$215.97$5.4MForm 4
Dec 3, 2024Vaughn JosephSVPSale2,300$244.89$563.3KForm 4
Nov 21, 2024STECKO PAUL TDirectorSale10,500$244.91$2.6MForm 4
Nov 12, 2024Shirley Donald R.Exec. VPSale8,000$240.20$1.9MForm 4
Nov 8, 2024Mundy Robert P.EVP & CFOSale12,500$240.62$3.0MForm 4
Nov 8, 2024KOWLZAN MARK WChairman & CEOSale27,031$240.34$6.5MForm 4
Nov 7, 2024KOWLZAN MARK WChairman & CEOSale36,444$239.54$8.7MForm 4
Nov 7, 2024Hassfurther Thomas APresidentSale3,246$240.30$780.0KForm 4
Nov 6, 2024KOWLZAN MARK WChairman & CEOSale3,165$243.01$769.1KForm 4
Nov 6, 2024Hassfurther Thomas APresidentSale16,492$242.38$4.0MForm 4
Jul 25, 2024Carter Charles J.EVP-Mill Ops.Sale5,389$196.28$1.1MForm 4
Jul 25, 2024Shirley Donald R.Exec. VPSale6,000$196.28$1.2MForm 4
May 15, 2024GOWLAND KAREN EDirectorBuy300$182.06$54.6KForm 4
Mar 6, 2024Mundy Robert P.EVP & CFOSale10,000$182.51$1.8MForm 4

All 34 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.7,711,541$1.8B0.0%+4,967
Vanguard Capital Management LLC5,803,824$1.4B0.0%+1,570
State Street Corp4,615,464$1.1B0.0%+371,020
Vanguard Portfolio Management LLC4,400,087$1.0B0.0%+19,517
Jpmorgan Chase & Co3,712,816$882.4M0.1%+285,777
Bank of New York Mellon Corp3,139,561$748.1M0.1%+903,977
FIL Ltd2,772,813$660.7M0.5%−85,110
Geode Capital Management, LLC2,499,804$593.4M0.0%+14,068
Royal Bank Of Canada2,235,961$532.8M0.1%−87,049
American Century Companies Inc2,011,324$479.3M0.2%−55,213
Ameriprise Financial Inc1,963,732$468.0M0.1%+23,016
Victory Capital Management Inc1,831,180$436.3M0.2%−192,938
Millennium Management LLC1,692,740$403.3M0.3%+577,075
Bank Of America Corp /de/1,592,949$379.6M0.0%+74,849
Atlas FRM LLC1,532,500$365.2M15.6%No change
Boston Partners1,456,806$347.1M0.3%−110,084
Morgan Stanley1,381,505$329.2M0.0%−129,055
Dimensional Fund Advisors LP1,329,859$316.9M0.1%+33,192
Invesco Ltd.1,189,046$283.3M0.0%+60,656
Select Equity Group, L.P.1,120,539$267.0M1.4%+97,498
Norges Bank1,078,180$256.9M0.0%New
Fmr LLC1,010,216$240.7M0.0%−187,179
Northern Trust Corp937,616$223.4M0.0%−2,733
Charles Schwab Investment Management Inc859,097$204.7M0.0%−1,333
Goldman Sachs Group Inc674,177$160.6M0.0%+8,405

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

22 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Aug 25, 2026April McClain DelaneyDemocratic, HouseSale$50,001 - $100,000+6.4%Report
May 6, 2026April McClain DelaneyDemocratic, HouseBuy$1,001 - $15,000−2.6%Report
Apr 29, 2026April McClain DelaneyDemocratic, HouseBuy$1,001 - $15,000−0.8%Report
Apr 24, 2026April McClain DelaneyDemocratic, HouseBuy$1,001 - $15,000+1.2%Report
Mar 20, 2026April McClain DelaneyDemocratic, HouseBuy$1,001 - $15,000−4.3%Report
Mar 17, 2026April McClain DelaneyDemocratic, HouseBuy$1,001 - $15,000−7.4%Report
Dec 18, 2025Julie JohnsonDemocratic, HouseSale$1,001 - $15,000+0.1%Report
Nov 13, 2025Julie JohnsonDemocratic, HousePartial sale$1,001 - $15,000−2.0%Report
Aug 14, 2025Julie JohnsonDemocratic, HousePartial sale$1,001 - $15,000+1.3%Report
Aug 4, 2025Julie JohnsonDemocratic, HouseBuy$1,001 - $15,000−1.8%Report
Jul 25, 2025Julie JohnsonDemocratic, HouseBuy$1,001 - $15,000−8.5%Report
Jul 22, 2025Julie JohnsonDemocratic, HouseBuy$1,001 - $15,000−9.4%Report
Sep 4, 2024John JamesRepublican, HouseSale$1,001 - $15,000+26.4%Report
Jul 2, 2024Kathy Manning, HouseBuy$1,001 - $15,000−9.6%Report
Jan 23, 2024Kathy Manning, HousePartial sale$1,001 - $15,000+19.5%Report
Apr 28, 2023Kathy Manning, HouseBuy$1,001 - $15,000−13.6%Report
Apr 28, 2023Kathy Manning, HouseBuy$1,001 - $15,000−13.6%Report
Jul 27, 2022Kathy Manning, HouseBuy$1,001 - $15,000−25.5%Report
Jul 27, 2022Kathy Manning, HouseBuy$1,001 - $15,000−25.5%Report
Jan 15, 2021Kathy Manning, HouseBuy$15,001 - $50,000−42.2%Report
Jan 15, 2021Kathy Manning, HouseBuy$1,001 - $15,000−42.2%Report
Apr 2, 2020Thomas R Carper, SenateSale$1,001 - $15,000+29.5%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Packaging Corporation of America is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPACKAGING CORP OF AMERICA2
  • CIK0000075677
  • Employer ID (EIN)36-427705018
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company18
  • Incorporated inDelaware18
  • Fiscal year endsDecember 312
  • Industry code (SIC)2650 Paperboard Containers & Boxes2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business address1 North Field Ct, Lake Forest, IL 600452
  • Phone84748230002
  • Shares outstanding89,098,299 as of Jul 31, 202616
  • Public float$16.7B as of Jun 30, 202518
  • AuditorKPMG LLP, Chicago, Illinois PCAOB ID 185; no auditor attestation of internal control over financial reporting18
  • On EDGAR sinceMay 28, 19992
  • Filings1,537 in all: 4 (803), 8-K (236), 10-Q (81), SC 13G/A (74), 11-K (58), 10-K (27), DEF 14A (26), SC 13G (26)2
    All 41 form types

    3 (25), 144 (24), 5 (20), ARS (18), 424B3 (12), FWP (10), S-8 (10), 424B5 (9), SC TO-T/A (8), UPLOAD (8), 4/A (7), DEFA14A (7), S-3ASR (7), 8-K/A (6), CORRESP (4), S-4/A (4), S-1/A (3), SCHEDULE 13G (3), 11-K/A (2), 424B4 (2), CT ORDER (2), S-4 (2), SC TO-C (2), SCHEDULE 13G/A (2), 10-K/A (1), 144/A (1), 3/A (1), 424B2 (1), 8-A12B (1), POSASR (1), S-1 (1), S-8 POS (1), SC TO-T (1)

  • Latest filingsAnnual report (10-K) Feb 26, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Mar 27, 2026
    Latest 8-K (8-K) Jul 23, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01 per sharePKGNew York Stock Exchange

From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).18

Risk factors and legal proceedings

The risks Packaging Corporation of America names in Item 1A of its 10-K filed Feb 26, 2026: 18 risks under these headings, as written.18

  • Forward Looking Statements
  • Risks Related to our Operations, Business and Industry
  • General Economic Conditions – A deterioration in general economic conditions may harm our business, results of operations, cash flows, and financial position.
  • Industry Cyclicality – Changes in the prices of our products could materially affect our financial condition, results of operations, and liquidity.
  • Competition – The intensity of competition in the industries in which we operate could result in downward pressure on pricing and volume, which could lower earnings and operating cash flows.
  • Cost of Fiber – An increase in the cost of fiber could increase our manufacturing costs and lower our earnings.
  • Cost of Purchased Fuels and Chemicals – An increase in the cost of purchased fuels and chemicals could lead to higher manufacturing costs, resulting in reduced earnings.
  • Customer Concentration – We rely on certain large customers.
  • Transportation Costs – Reduced truck and rail availability could lead to higher costs or poorer service, resulting in lower earnings, and harm our ability to distribute our products.
  • Material Disruption of Operations – A material disruption at one of our manufacturing facilities could prevent us from meeting customer demand, reduce our sales, and/or negatively affect our results of operations and financial condition.
  • Extreme Weather Events – Our facilities are susceptible to extreme weather events, which could disrupt our business.
  • ESG – We may not achieve or make satisfactory progress on our goals and targets to reduce emissions and satisfy other ESG metrics.
The other 8 risks
  • Reliance on Personnel – We may fail to attract and retain qualified personnel, including key management personnel.
  • Cybersecurity – Risks related to security breaches of company, customer, employee, and vendor information, as well as the technology that manages our operations and other business processes, could adversely affect our business.
  • Environmental Matters – PCA may incur significant environmental liabilities with respect to both past and future operations.
  • Labor Relations – If we experience strikes or other work stoppages, our business will be harmed.
  • Acquisition Integration – The business may underperform relative to our expectations, and we may not be able to successfully integrate the business into our existing business.
  • Financial Risks
  • Debt obligations – Our debt service obligations may reduce our operating flexibility.
  • Pension Plans – Our pension plans may require additional funding.
  • Market Price of our Common Stock - The market price of our common stock may be volatile, which could cause the value of the stock to decline.

Legal proceedings

Information concerning legal proceedings can be found in Note 20, Commitments, Guarantees, Indemnifications, and Legal Proceedings, of the Notes to Consolidated Financial Statements in “Part II, Item 8. Financial Statements and Supplementary Data” of this Form 10-K.

The opening of Item 3, Legal Proceedings.18

Sources

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