Packaging Corp. of America
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.99B | $8.37B | $7.80B | $8.48B | $7.73B | $6.66B | $6.96B | $7.01B |
| Packaging | — | $7.64B | $7.12B | $7.72B | $6.97B | $5.87B | $5.94B | $5.89B |
| Paper | — | $638.1M | $588.6M | $660.5M | $664.1M | $698.8M | $928.3M | $1.03B |
| Corporate and Other | — | $96.8M | $94.5M | $95.2M | $92.8M | $89.8M | $90.9M | $92.2M |
| Cost of Revenue | $7.10B | $6.60B | $6.10B | $6.39B | $5.86B | $5.29B | $5.32B | $5.37B |
| Gross Profit | $1.89B | $1.78B | $1.70B | $2.09B | $1.87B | $1.37B | $1.64B | $1.65B |
| Gross Margin | 21.0% | 21.3% | 21.8% | 24.7% | 24.2% | 20.6% | 23.6% | 23.5% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | $14.5M | $15.5M | $16.0M | $14.4M |
| SG&A Expense | $634.2M | $610.3M | $580.9M | $608.6M | $576.8M | $539.6M | $557.6M | $536.4M |
| Operating Income | $1.11B | $1.10B | $1.08B | $1.42B | $1.24B | $723.9M | $1.05B | $1.07B |
| Operating Margin | 12.3% | 13.2% | 13.8% | 16.8% | 16.1% | 10.9% | 15.1% | 15.2% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $1.03B | $1.06B | $1.01B | $1.36B | $1.11B | $632.7M | $917.0M | $970.5M |
| Income Tax Expense | $253.7M | $259.3M | $248.9M | $335.0M | $267.6M | $171.7M | $220.6M | $232.5M |
| Net Income | $774.1M | $805.1M | $765.2M | $1.03B | $841.1M | $461.0M | $696.4M | $738.0M |
| Net Margin | 8.6% | 9.6% | 9.8% | 12.1% | 10.9% | 6.9% | 10.0% | 10.5% |
| EPS (Basic) | $8.61 | $8.97 | $8.52 | $11.08 | $8.87 | $4.86 | $7.36 | $7.82 |
| EPS (Diluted) | $8.58 | $8.93 | $8.48 | $11.03 | $8.83 | $4.84 | $7.34 | $7.80 |
| Shares Outstanding (Basic) | 89.3M | 89.1M | 89.1M | 92.3M | 94.1M | 94.1M | 93.8M | 93.7M |
| Shares Outstanding (Diluted) | 89.6M | 89.5M | 89.5M | 92.7M | 94.5M | 94.4M | 94.1M | 93.9M |
| Dividends Per Share | $5.00 | $5.00 | $5.00 | $4.75 | $4.00 | $3.37 | $3.16 | $3.00 |