Packaging Corporation of America

PKGNYSEConsumer Cyclical● Active

$221.20

$-1.62(-0.73%)

Market Cap$19.7B

P/E Ratio—

52W High$249.51

52W Low$184.76

Avg Volume918K

Open$222.00

Beta0.83

Overview

Packaging Corporation of America (PKG) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

PKG · free cash flow · updated Jun 8, 2026

Core FCF metrics

PKG · FCF · TTM · margin & CAGR

Free cash flow was $728.6M for FY2025 (fiscal year ending 2025-12-31), up 39.7% year-over-year The FCF margin was 8.1%. Five-year CAGR stands at +3.6%.

FY2025 Free Cash Flow$728.6M▲ +39.7% YoY

Trailing 12M (TTM)$702.2Mtrailing 4 quarters sum

FCF Margin8.1%$728.6M ÷ revenue

3-Year CAGR+2.8%FY2022 → FY2025

5-Year CAGR+3.6%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

PKG · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$1.56B(829M)$728.6M▲ +39.7%8.1%

FY2024$1.19B(670M)$521.5M▼ 38.3%6.2%

FY2023$1.32B(470M)$845.4M▲ +26.0%10.8%

FY2022$1.50B(824M)$670.8M▲ +37.2%7.9%

FY2021$1.09B(605M)$489.0M▼ 20.0%6.3%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

PKG · P/FCF · FCF yield · FCF per share

Packaging Corporation of America (PKG) trades at a FCF yield of 3.56% and a price-to-free-cash-flow ratio of 28.4x. FCF per share stands at $7.80, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

3.56%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$7.80

TTM FCF ÷ Shares Outstanding

Price / FCF

x28.4

Share Price ÷ FCF per Share

EV / FCF (TTM)

x33.7

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

PKG · cash flow statement · operating / investing / financing

For FY2025, Packaging Corporation of America generated $1.56B in operating cash flow and spent 829M in capital expenditures, yielding $728.6M in free cash flow.

Operating Activities

+$1.56B

Cash from core business operations

2025-12-31

Investing Activities

−$2.57B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$859.4M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($1.56B) − |CapEx| (829M) = FCF ($728.6M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

PKG vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Packaging Corporation of AmericaYOU

PKG

$728.6M+39.7%8.1%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Packaging Corporation of America (PKG) reported free cash flow of $728.6M for FY2025 (fiscal year ending 2025-12-31), up 39.7% year-over-year. The FCF margin was 8.1%.

Based on available data, Packaging Corporation of America has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $845.4M in FY2023. The 5-year CAGR stands at +3.6%.

Packaging Corporation of America's FCF yield is 3.56% and price-to-FCF ratio is 28.4x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

PKG free cash flow · 8 questions

Packaging Corporation of America free cash flow was $728.6M for FY2025, up 39.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $702.2M.

PKG free cash flowPKG FCFPKG FCF 2025PKG free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Packaging Corporation of America · Packaging Corporation of America SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026