PKG
Packaging Corporation of AmericaPrevious close
256.82
Change
+2.29 / +0.90%
P/E (TTM) ?
31.3
Market Cap
$22.8B
1M
+12.02%
S&P 500 −0.91% over same period
Volume / Avg Volume
556K / 849K
0.66× average
Latest earnings analysisFY2026 Q2Reported 2026-07-23
PCA Q2 FY2026 revenue $2.49 billion; adjusted EPS $2.35 tops guidance
Packaging Corporation of America lifted second quarter FY2026 revenue 14.7% to $2.49 billion, but GAAP earnings fell and gross margin slipped to 20.6%. The profit came from the acquired Greif operations and record legacy corrugated shipments, not from legacy margin. Our view is Neutral: two price increases are stacking up for the third quarter, while freight and recycled fiber costs run hot.
Read the full analysis →Revenue$2.49BYoY +14.70%
EPS (non-GAAP)$2.35Beatest. $2.34
Next-day move+8.76%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q2 Quarter ended 2026-06 | 2026-07-23 | $2.5B | Read analysis → |
| FY2026 Q1 Quarter ended 2026-03 | 2026-04-23 | $2.4B | Pending |
| FY2025 Q4 Quarter ended 2025-12 | 2026-01-28 | $9.0B | Pending |
| FY2025 Q3 Quarter ended 2025-09 | 2025-10-23 | $2.3B | Pending |
| FY2025 Q2 Quarter ended 2025-06 | 2025-07-24 | $2.2B | Pending |
| FY2025 Q1 Quarter ended 2025-03 | 2025-04-23 | $2.1B | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
P/E is at percentile 98 of its 5-year rangeExpensive
5-year range 16.0 – 30.5 · Median 22.3
Last 4 quarters: $58.8M in buybacks + $448M in dividends, 2.23% of market cap combined
P/E (TTM)
31.3
P/B
4.9
P/S
2.3
Dividend Yield
3.22%
Earnings Reaction
Over the last 6 reports, the stock moved ±2.9% on average on the first trading day after, rising 4 times
Most recent +8.76%
Volatility & Correlation
1-year beta 0.68 · Correlation with S&P 500 0.31Low beta
Annualized volatility 28% vs. 13% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
Buy 0 · $0.00MSell 4 · $10.2MNet selling $10.2M
- 08-20Shirley Donald R.Exec. VPSell$3.0M12,000 shares · Avg price 250.71
- 08-07Hassfurther Thomas APresidentSell$1.8M7,063 shares · Avg price 254.00
- 08-05Hassfurther Thomas APresidentSell$2.3M8,797 shares · Avg price 257.00
- 08-03Hassfurther Thomas APresidentSell$3.1M12,531 shares · Avg price 250.00
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q2 | 2.49 | +14.7% | 20.6% | 0.19 | 2.15 |
| FY2026 Q1 | 2.37 | +10.6% | 19.1% | 0.17 | 1.91 |
| FY2025 Q4 | 2.36 | +10.1% | 18.9% | 0.10 | 1.14 |
| FY2025 Q3 | 2.31 | +6.0% | 21.8% | 0.23 | 2.51 |
| FY2025 Q2 | 2.17 | +4.6% | 22.2% | 0.24 | 2.67 |
| FY2025 Q1 | 2.14 | +8.2% | 21.2% | 0.20 | 2.26 |
| FY2024 Q4 | 2.15 | +10.7% | 21.9% | 0.22 | 2.45 |
| FY2024 Q3 | 2.18 | +12.7% | 23.1% | 0.24 | 2.64 |
| FY2024 Q2 | 2.08 | +6.3% | 21.1% | 0.20 | 2.21 |
| FY2024 Q1 | 1.98 | +0.2% | 18.7% | 0.15 | 1.63 |
| FY2023 Q4 | 1.94 | −2.0% | 21.2% | 0.19 | 2.10 |
| FY2023 Q3 | 1.94 | −8.9% | 21.3% | 0.18 | 2.03 |
| Ticker | P/E | Revenue YoY | Gross Margin | 1M | View |
|---|---|---|---|---|---|
| PKG | 31.3 | +14.7% | 20.6% | +12.02% | Neutral |
| LIN | 32.0 | +9.2% | — | +8.34% | Bullish |
| NEM | 12.5 | +15.2% | — | −7.57% | Bullish |
| FCX | 30.5 | −8.1% | 30.0% | −10.76% | Bullish |
| ECL | 41.0 | +12.7% | 44.1% | +10.34% | Bullish |
| SHW | 29.9 | +7.9% | 47.8% | +2.89% | Bullish |
| APD | — | +4.6% | 32.8% | +13.73% | Neutral |
| NUE | 17.1 | +23.0% | 19.6% | +17.16% | Bullish |
| CRH | 15.6 | +3.0% | 38.8% | +9.67% | Bullish |