--- title: "Packaging Corporation: Metrics Guide" description: "Packaging Corporation of America revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios explained." canonical: https://www.getswoopr.com/stocks/companies/packaging-corporation-of-america/metrics/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Packaging Corporation of America: Financial & Operating Metrics Guide ## Direct Answer Packaging Corporation of America reported revenue of $9.0 billion for the fiscal year ended December 31, 2025, with an operating margin of 12.3% and net income of $774 million, according to its SEC filings. Revenue grew 7.2% from the prior year. ## What Are Packaging Corporation of America's Key Financial Figures? | Fiscal year | FY2025ended December 31, 2025 | FY2024ended December 31, 2024 | FY2023ended December 31, 2023 | FY2022ended December 31, 2022 | | --- | --- | --- | --- | --- | | Revenue | $9.0 billion | $8.4 billion | $7.8 billion | $8.5 billion | | Operating income | $1.1 billion | $1.1 billion | $1.1 billion | $1.4 billion | | Operating margin | 12.3% | 13.1% | 13.8% | 16.8% | | Net income | $774 million | $805 million | $765 million | $1.0 billion | | Net margin | 8.6% | 9.6% | 9.8% | 12.1% | | Operating cash flow | $1.6 billion | $1.2 billion | $1.3 billion | $1.5 billion | | Capital expenditures | $829 million | $670 million | $470 million | $824 million | | Free cash flow | $729 million | $522 million | $845 million | $671 million | Operating margin narrowed by 0.8 percentage points between fiscal 2024 and 2025, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $729 million against net income of $774 million; cash generation fell short of reported earnings, which is worth reconciling in the cash flow statement. ![Bar chart of Packaging Corporation of America revenue, operating income, net income for fiscal 2022 to 2025. In fiscal 2025, revenue was $9.0 billion, operating income $1.1 billion and net income $774 million.](https://www.getswoopr.com/images/charts/packaging-corporation-of-america-metrics-revenue-profit.webp) *Packaging Corporation of America revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.* ![Line chart of Packaging Corporation of America operating margin and net margin for fiscal 2022 to 2025. In fiscal 2025, operating margin was 12.3% and net margin was 8.6%.](https://www.getswoopr.com/images/charts/packaging-corporation-of-america-metrics-margins.webp) *Packaging Corporation of America operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.* ![Bar chart of Packaging Corporation of America operating cash flow, capital expenditures, free cash flow for fiscal 2022 to 2025. In fiscal 2025, operating cash flow was $1.6 billion, capital expenditures was $829 million, free cash flow was $729 million.](https://www.getswoopr.com/images/charts/packaging-corporation-of-america-metrics-cash-flow.webp) *Packaging Corporation of America operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.* ## What Does Packaging Corporation of America's Balance Sheet Show? | Cash and cash equivalents | $529 million | | --- | --- | | Long-term debt | $4.0 billion | | Total assets | $10.7 billion | | Total liabilities | Not reported | | Shareholders' equity | $4.6 billion | | Current ratio | 3.2x | Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions. ## Where These Numbers Come From Every figure on this page is a value Packaging Corporation of America reported in its own SEC filings, read from the SEC's XBRL data (accession 0001193125-26-074129 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What was Packaging Corporation of America's revenue in fiscal 2025? Packaging Corporation of America reported revenue of $9.0 billion for the fiscal year ended December 31, 2025, according to its SEC filings. ### What is Packaging Corporation of America's operating margin? Packaging Corporation of America's operating margin was 12.3% in fiscal 2025: operating income of $1.1 billion on revenue of $9.0 billion. ### How much free cash flow did Packaging Corporation of America generate? Operating cash flow of $1.6 billion less capital expenditures of $829 million gives free cash flow of $729 million for fiscal 2025. ## References - [SEC EDGAR: PACKAGING CORP OF AMERICA Form 10-K filed February 26, 2026](https://www.sec.gov/Archives/edgar/data/75677/000119312526074129/pkg-20251231.htm) - [SEC EDGAR: PACKAGING CORP OF AMERICA annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=75677&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [Packaging Corporation of America company dossier](https://www.getswoopr.com/stocks/companies/packaging-corporation-of-america/) - [Packaging Corporation of America financial metrics](https://www.getswoopr.com/stocks/companies/packaging-corporation-of-america/metrics/) - [Packaging Corporation of America financial risk indicators](https://www.getswoopr.com/stocks/companies/packaging-corporation-of-america/risks/) - [Packaging Corporation of America peer comparison](https://www.getswoopr.com/stocks/companies/packaging-corporation-of-america/competitors/) - [Packaging Corporation of America business model and revenue mix](https://www.getswoopr.com/stocks/companies/packaging-corporation-of-america/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).